Ordinance 2014-63 WAU of tLt WIS
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- FILED -
DEC 10 2014
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2014-63
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2005-108
(AUTUMN CREEK PROJECT)AND
APPROVING THE AMENDED SPECIAL TAX ROLL
Passed by the City Council of the
United City of Yorkville,Kendall County, Illinois
This 25`x'day of November, 2014
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County, Illinois on December 3, 2014.
Ordinance No. 20142 CK10 If UML
- FILM -
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES DEC 1 O 2w
FOR SPECIAL SERVICE AREA NUMBER 2005-108
(AUTUMN CREEK PROJECT) AND H Ow cum APPROVING THE AMENDED SPECIAL TAX ROIk 101
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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. 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)
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
2005-108 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 2014 for the Bonds is $924,475.68 and the
2014 Levy for Special Taxes is $924,475.68.
Ordinance No.2014-('05
Page 2
Section 2. Of the $1,190,269.00 of Special Taxes levied for calendar year 2014
pursuant to Section 6 of the Bond Ordinance $265,793.32 of such Special Tax is hereby abated
resulting in a 2014 calendar year levy of$924,475.68.
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
Special Service Area Number 2005-108 Administration Report Levy Year 2014 dated November
11, 2014 prepared by David Taussig & Associates, Inc. and the 2014 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
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.
Ordinance No.2014- (0 13
Page 3
PASSED by the City Council of the City this Aw(t/-ne2141-f&L-0?s2014.
City Clerk
CARLO COLOSIMO KEN KOCH
JACKIE MILSCHEWSKI LARRY KOT
CHRIS FUNKHOUSER JOEL FRIEDERS
ROSE ANN SPEARS DIANE TEELING
SIGNED by the Mayor this this i7ECEM669 j , 2014.
ayor
ATTEST:
City Clerk
Published in pamphlet form -PVC,6M M9 3 , 2014.
Ordinance No. 2014- (05
Page 4