Ordinance 2013-71 STATE OF ILLINQIS
11UNTY OF, KENDALL
DEC 1,
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KENDAi ®UNfa
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO , 201341
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ORDINANCE ABATING SPECIAL SERVICE AREA TAXES E
FOR SPECIAL SERVICE AREA NUMBER 2005 - 108 I
(AUTUMN CREEK PROJECT) AND
APPROVING THE AMENDED SPECIAL TAX ROLL
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Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 10"' day of December, 2013
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Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on December 17 , 2013 .
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Ordinance No . 2013-�
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2005- 108
(AUTUMN CREEK PROJECT) AND
APPROVING THE AMENDED SPECIAL TAX ROLL
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF j
YORKVILLE, KENDALL COUNTY, ILLINOIS , AS FOLLOWS :
Section 1 . It is found and declared by the City Council of the United City of
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Yorkville, Kendall County, Illinois (the "City") , as follows :
(a) The City Council of the City adopted Ordinance No . 2006-26 on March
28 , 2006 (the "Bond Ordinance") which : (i) provided for the issuance of Special Service Area
Number 2005 - 108 Special Tax Bonds, Series 2006 (Autumn Creek Project) (the "Bonds") , of the
United City of Yorkville, for the purpose of paying for the costs of certain improvements
benefiting the Special Service Area Number 2005 - 108 (the " Special Service Area") ; and (ii)
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provided for the levy of Special Taxes upon all taxable property within the Special Service Area j
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sufficient to pay the principal of the Bonds for each year at maturity or mandatory sinking fund
redemption dates and to pay interest and Administrative Expenses of the Special Service Area
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for each such year. The Bond Ordinance also authorized the City to abate the taxes levied
pursuant to such Ordinance to the extent the taxes levied exceeded the Special Tax Requirement
(as defined in the Bond Ordinance) as calculated pursuant to the Special Service Area Number
2005 - 108 Special Tax Roll and Report (the " Special Tax Report") prepared by David Taussig &
Associates, Inc . (the "Consultant") .
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(b) Pursuant to the Special Tax Report, the Consultant of the City has
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determined that the Special Tax Requirement for 2013 for the Bonds is $ 909 ,703 . 24 and the
2013 Levy for Special Taxes is $ 909 , 703 . 24 .
Ordinance No . 2013 -�
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Section 2 . Of the $ 1 , 172 , 584 . 00 of Special Taxes levied for calendar year 2013
pursuant to Section 6 of the Bond Ordinance $262 , 880 . 76 of such Special Tax is hereby abated
resulting in a 2013 calendar year levy of $ 909, 703 . 24 .
Section 3 . It is the duty of the County Clerk of Kendall County to abate those taxes
as provided in Section 2 of this Ordinance.
Section 4 . The City Council of the City hereby approves the United City of Yorkville
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Special Service Area Number 2005 - 108 Administration Report Levy Year 2013 dated November
18 , 2013 prepared by David Taussig & Associates, Inc. and the 2013 Amended Special Tax Roll
attached to such report with such changes therein as are deemed necessary by the Mayor and the
City ' s consultant to reflect any changes in final parcel identification numbers .
Section 5 . All ordinances , resolutions and orders or parts of ordinances, resolutions
and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
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Clerk shall cause this Ordinance to be published in pamphlet form . This Ordinance shall be in
full force and effect after passage and publication as provided by law.
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Ordinance No . 2013 -
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this )
� dayof � � c � wZ � � � , A. D . 2013 .
City Clerk j
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CHRIS FUNKHOUSER _ KEN KOCH
CARLO COLOSIMO DIANE TEELING
JACKIE MILSCHEWSKI JOEL FRIEDERS
ROSE SPEARS LARRY KOT
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SIGNED by the Mayor this day of lDECEMdER , 2013 .
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Ymayor
ATTEST :
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City Clerk
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Ordinance No . 2013 -
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