Ordinance 2004-69 CO ,Wy F�LENDALL
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Ordinance No. DEC 3 0 2004
ORDINANCE ABATING SPECIAL SERVICE � County Clerk
Kendall County
FOR SPECIAL SERVICE AREA NUMBER 2003-100 (RAINTREE VILLAGE) AND
APPROVING THE AMENDED SPECIAL TAX ROLL
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. It is found and declared by the City Council of the United City of
Yorkville, Kendall County, Illinois (the"City"), as follows:
(a) The City Council of the City adopted Ordinance No. 2003-55 on
August 12, 2003 (the "Bond Ordinance") which: (i) provided for the issuance of$7,150,000 of
Special Service Area Number 2003-100 Special Tax Bonds, Series 2003 (Raintree Village
Project) (the "Bonds"), of the United City of Yorkville, for the purpose of paying for the costs of
certain improvements benefitting the Special Service Area Number 2003-100 (the "Special
Service Area"); and (ii) provided for the levy of Special Taxes upon all taxable property within
the Special Service Area 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 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 2003-100 Special Tax Roll and Report (the "Special Tax Report")
prepared by David Taussig &Associates, Inc. (the"Consultant").
(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2004 for the Bonds is $0 and the 2004 Levy for
Special Taxes is $0 as there is sufficient investment income and capitalized interest on deposit in
011.577013.1
the Bond Fund securing the Bonds and available to pay the debt service owed on the Bonds
through March 1, 2006.
Section 2. Of the $570,896 of Special Taxes levied for calendar year 2004 pursuant
to Section 6 of the Bond Ordinance $570,896 of such Special Tax is hereby abated resulting in a
2004 calendar year levy of$0.
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. 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
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.
PAUL JAMES _ MARTY MUNNS
RICHARD STICKA WANDA OHARE
VALERIE BURD ROSE SPEARS
LARRY KOT t JOSEPH BESCO
PASSED AND APPROVED this,=�day of 92004
4a�yor
ATTEST:
[SEAL]
er
Published in pamphlet form , 200_.
2
011.577013.1
C/r o United City of Yorkville
County Seat of Kendall County
800 Game Farm Road
esr -� _` 1836 Yorkville, Illinois, 60560
Telephone: 630-553-4350
O� „ 0 Fax: 630-553-7575
Website: www.yorkville.il.us
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CERTIFIED COPY AFFIDAVIT
I, Elizabeth A. D'Anna, Deputy Clerk in and for the United City of Yorkville, Kendall County, State of
Illinois, and Legal Custodian of the records, files and seal of said City do hereby certify this is a full and
complete copy of the original document identified as Ordinance No. 2004-69 An Ordinance Abating
Special Service Area Taxes for Special Service Area Number 2003-100(Raintree Village)and
Approving the Amended Special Tax Roll filed in my office on December 30, 2004.
Dated this �t day of I LAS G� , 2004.
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,,.••'L�St Of yp'•ti =k (�
.;;�0.;••"" .� %•;. Elizab A. D'Anna, Dep Jerk
rGorporate
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