Ordinance 2006-017 200600009088
09088
Filed for Record in
KENDALL COUNTYP ILLINOIS
PAUL ANDERSON
03 -28 -2006 At 11:15 am.
ORDINANCE NO. 2006-17 RHSP Surc 103.00 HSF' urrhnrse 10.00
AN ORDINANCE ESTABLISHING
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NUMBER 2005 -109
(BRISTOL BAY I PROJECT)
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. Authoritv. The United City of Yorkville (the " City ") is authorized,
pursuant to Article VII, Section 7(6) of the Constitution of the State of Illinois, and pursuant to
the provisions of the Illinois Special Service Area Tax Law, 35 ILCS 200/27 -5 et seq. (the
"Act "), to establish special service areas for the provision of special governmental services in
portions of the City and to levy or impose a special tax and to issue bonds for the provision of
such special services.
Section 2. Findings. (a) The question of establishment of the area hereinafter
described as a special service area (the. "Special Service Area ") was considered by the City
Council of the City pursuant to "An Ordinance Proposing the Establishment of Special Service
Area Number 2005 -109 in the United City of Yorkville and Providing for Other Procedures in
Connection Therewith," being Ordinance No. 2005 -100, adopted on December 27, 2005. The
establishment of the Area was considered at a public hearing held on January 24, 2006 (the
"Public HearinW ). The Public Hearing was held pursuant to notice duly published in the
Kendall Countv Record. a newspaper of general circulation within the City, on January 5, 2006,
which was at least fifteen (15) days prior to the Public Hearing, and also pursuant to notice by
mail addressed to the person or persons in whose name the general taxes for the last preceding
year were paid on each lot, block, tract or parcel of land lying within the Area. Said notice by
mail was given by depositing said notice in the United States mail not less than ten (10) days
prior to the date set for the Public Hearing. In the event taxes for the last preceding year were
not paid, said notice was sent to the person last listed on the tax rolls prior to that year as the
owner of said property. A certificate of publication of notice and evidence of mailing of notice
are attached to this Ordinance as Exhibit A and Exhibit B. respectively. Said notices conform in
all respects to the requirements of the Act.
(b) At the Public Hearing, all interested persons were given an opportunity to
be heard on the question of the issuance of bonds to finance a part of the cost of engineering,
surveying, soil testing and appurtenant work, mass grading and demolition, storm water
management facilities, storm drainage systems and storm sewers, site clearing and tree removal,
public water facilities, sanitary sewer facilities, erosion control measures, roads, streets, curbs,
gutters, street lighting, traffic controls, sidewalks, paths and related street improvements, and
equipment and materials necessary for the maintenance thereof, landscaping, wetland mitigation,
public park improvements and tree installation, costs for land and easement acquisitions or
dedications relating to any of the foregoing improvements, required tap -on and related fees for
water or sanitary sewer services and other eligible costs (collectively, the "Improvements "), on
the question of the conditions for participating in the Special Service Area as more particularly
CH12_607990.4
set forth herein, and on the question of the retirement of said bonds as due from time to time by a
levy of a tax on real property within the Area.
(c) After considering the data as presented to the City Council of the City and
at the Public Hearing, the City Council of the City finds that it is in the best interests of the City
and of the residents and property owners of the United City of Yorkville Special Service Area
Number 2005 -109 that the Special Service Area, as hereinafter described, be established.
(d) More than sixty days have elapsed since the date of the final adjournment
of the Public Hearing. No electors residing within the Special Service Area or owners of record
of taxable property lying within the Special Service Area have filed a petition with the City Clerk
objecting to the establishment of the Special Service Area, the levy of the special tax or the
issuance of bonds as herein described.
(e) The Special Service Area is compact and contiguous as required by the
Act.
(f) An annual special tax based upon a special tax roll levied against each
residential lot and each parcel in the Special Service Area as herein described does not exceed
the tax rate or method proposed in the notice of public hearing referred to herein and such special
tax, taking into account the direct and indirect special service benefits to current and future
owners of property within the Special Service Area, bears a rational relationship between the
amount of tax levied against each lot, block, tract and parcel of land in the Special Service Area
and the special service benefit conferred.
(g) It is in the best interests of the City that the Special Service Area be
created for the financing of the Improvements within the Special Service Area, that the
Improvements be financed by the sale of bonds, and that taxes be levied on real property within
the Special Service Area to retire the bonds and to cover costs and expenses connected with the
financing of the Improvements within the Special Service Area.
(h) It is in the best interests of the United City of Yorkville Special Service
Area Number 2005 -109 that the furnishing of the Improvements proposed be considered for the
common interests of the Special Service Area and that the Special Service Area will benefit
specially from the Improvements.
Section 3. United Citv of Yorkville Special Service Area Number 2005 -109
Eetnh1ichPc1. A special service area to be known and designated as "United City of Yorkville
Special Service Area Number 2005 -109" is hereby established and shall consist of the
contiguous territory legally described in Exhibit C hereto, and outlined on the map of a portion
of the City attached as Exhibit D hereto, which description and map are by this reference
incorporated herein and made a part hereof.
Section 4. Purrmose of Area. United City of Yorkville Special Service Area Number
2005 -109 is established to provide special services to the Special Service Area in addition to
services provided in the City generally. United City of Yorkville Special Service Area Number
2005 -109 is also created so that bonds may be issued for the purposes aforesaid (the " Bonds "),
payable from taxes levied on real property in the Special Service Area. in accordance with the
N
CH12_607990.4
special tax roll established by this Ordinance. Such taxes shall be levied in addition to all other
City taxes so levied, provided no Bonds shall be issued in excess of the principal amount of
$10,000,000 or at an interest rate to exceed the greater of nine percent (9 %) per annum or 125%
of the rate for the most recent date shown in the 20 G.O. Bonds Index of average municipal bond
yields as published in the most recent edition of The Bond Buyer, published in New York, New
York, at the time the contract is made for the sale of the Bonds and the Bonds shall mature
within not more than forty (40) years from their date.
Section 5. Special Tax Roll for Bond Retirement. In lieu of an ad valorem tax to be
levied and extended for the payment of principal of and interest on any Bonds issued on behalf
of the Special Service Area, a special tax roll is hereby established. Such special tax roll shall be
used only for levying and extending taxes for the payment of principal of and interest on any
Bonds issued for the purposes set forth in Section Four hereof and the administration and
maintenance of the Special Service Area. The description of the special tax roll shall be as set
forth in the "United City of Yorkville Special Service Area Number 2005 -109 Special Tax Roll
and Report" substantially in the form attached as Exhibit E hereto, which description is by this
reference incorporated herein and made a part hereof.
Section 6. Supercede Conflicting Ordinance. All ordinances or parts of ordinances in
conflict with the provisions of this ordinance are repealed to the extent of such conflict.
Section 7. Effective Date. This Ordinance shall be in full force and effect from and
after its passage and approval in the manner provided by law.
PASSED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE,
KENDALL COUNTY, ILLINOIS this 14th day of March, 2006.
VOTING AYE: C �psli2, o)4v) ' fqM S, 10k"
VOTING NAY: S PrnrS, Ae-5CO
ABSENT:
ABSTAINED:
NOT VOTING:
APPROVED:
Mayor
ATTEST:
rk
Published in pamphlet form March 14, 2006.
I jee.,
CH12_607990.4
Exhibit A
CERTI F I CRTE
OF PUBL I CRTI ON
- I, Jeffery A. Farren, do hereby certify that I am the publisher of
the Kendall County Record, a weekly secular newspaper of
general circulation, regularly published in the City of Yorkville,
in the County of Kendall and the State of Illinois; and I hereby
further certify that the notice a copy of which is attached
hereto, in the matter of
Public Notice -- United City of Yorkville Special Service Area
Number 2005 -109 Bristol Bay I Project
was published once each week for 1 successive weeks in said
Newspaper, the first insertion being on the 5th day of January
2006, and the last insertion being on the 5th day of January
2006, and we further certify that the said Kendall County
Record was regularly published continuously for more than six
months in the City of Yorkville in said County, next preceding
the first publication of said notice, and that we are duly
authorized to make proof of matters published in the said
Kendall County Record.
Given under my hand and seal at Yorkville, Illinois this
5th day of January 2006
Publisher
The Kendall County Record is a newspaper as defined in Act -
Chapter 100, Sections 1 and 5, Illinois Revised Statues.
Public Notice
NOTICE OF HEARING
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NUMBER 2005 -109
(BRISTOL BAY I PROJECT)
NOTICE IS HEREBY GIVEN that on January 24, 2006 at 7:00 p.m.
at the Yorkville City Hall,_800 Game Farm Road, Yorkville, Illinois, a
hearing will be held by the United City of Yorkville (the "City ") to
consider forming a- special service area, to be called "City of Yorkville
Special Service Area Number 2005 - 109," consisting of the territory
legally described in Exhibit 1 to this Notice. -
The approximate street location is at the intersection of Route 47
and Galena Road 'in the City.
The general-purpose of the formation of the City of Yorkville
Special Service Area Number. 2005 -109 is to provide special
municipal services to -the area which may include: engineering,
surveying, soil testing and appurtenant work, mass grading and
demolition, - storm water management facilities, storm drainage
systems and storm sewers, site clearing and tree removal, public
water facilities, sanitary sewer facilities, erosion control measures,
roads, streets, curbs, gutters,- street lighting, traffic controls,
sidewalks,.paths and related street improvements, and equipment and
materials necessary for the maintenance - thereof, landscaping,
wetland mitigation and tree installation, costs for land and easement
acquisitions or dedications . relating to any of the foregoing
improvements, required tap -on and related fees for water or sanitary
sewer services and other eligible costs.
There will also be considered at the hearing the following method of
financing improvements_ within the proposed special service area: the
issuance of special tax bonds (including bonds issued to refund such
bonds) in an aggregate_ principal amount not to exceed $45,000,000 at
an interest rate of not to exceed the greater of nine percent (9 %) per
annum or 125% of the -rate for-the-most recent date shown in the 20
G.O. Bonds Index of average municipal bond yields as published in
the'most recent edition 61The Bond. Buyer, published in New York,
New York, at the time the contract is made for the sale of the bonds,
and to mature, within forty (40)years from the date of their issuance.
The bonds shall be retired by the levy-.of an annual -tax established
pursuant to a special tax roll to pay the interest on such bonds as it
falls due and to discharge the principal thereof at maturity and to pay
the costs of administration and maintenance of the special service
area, said tax to be levied upon all taxable property within the
proposed special service area.
At the hearing, all interested persons affected by the formation of
such special service area, including all persons owning taxable real
- estate therein, may file written objections to and be heard orally
regarding the formation of and the boundaries of the special service
area, the issuance of bonds and the levy of taxes affecting the area.
The hearing may be adjourned by City Council without further
notice other than a motion to be entered upon the minutes of its
meeting fixing the time and place of its adjournment.
If a petition signed by at least 51 % of the electors residing within the
City of Yorkville Special Service Area Number 2005 - 109 -and by at
least 51 % of the owners of record of the land included within the
boundaries of the City of Yorkville Special Service Area Number
2005 -109 is filed with the City Clerk of the City of Yorkville within 60
days following the final adjournment of the public hearing objecting to
the creation of the special service area, the issuance of bonds for the
provision of special services to the area or the levy of taxes affecting
the area, no such area may be created and no such bonds may be
-issued or taxes levied or imposed.
KCR -1 -1 t
Exhibit 1 t Notice
Legal Descriotion of Property
TkiAT_- PART[P S_n North of Galena Road]
ECTIONS'4 AND 9 IN TOWNSHIP 37
NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN,
DESCRIBED AS FOLLOWS: COMMENCING - AT THE
NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF
SAID SECTION 4; THENCE SOUTH 89. DEGREES 05- MINUTES
15 SECONDS WEST, ALONG THE NORTH LINE OF - SAID
SOUTHEAST QUARTER, 1087.07 FEET FOR THE POINT OF
BEGINNING; THENCE SOUTH 00 DEGREES 14 MINUTES 26
SECONDS EAST, 725.09 FEET; THENCE NORTH - 89 DEGREES
05 MINUTES 15 SECONDS EAST,- 1087.08 FEET TO THE EAST
LINE OF THE SOUTHEAST QUARTER. OF SAID SECTION 4;
THENCE SOUTH 00 DEGREES 14 MINUTES 27 SECONDS
EAST, ALONG THE EAST LINE OF THE SOUTHEAST QUARTER
OF SAID SECTION 4, 1924.04 FEET TO THE SOUTHEAST
CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION
4; THENCE SOUTH DO DEGREES 00 MINUTES 23 SECONDS
WEST, ALONG_ THE EAST LINE OF THE NORTHEAST
QUARTER OF SAID SECTION 9, 1582.30 FEET; THENCE
NORTHWESTERLY ALONG A CURVE TO THE LEFT WITH A
RADIUS OF 11520.00 - FEET AND A CHORD BEARING OF
NORTH 72 DEGREES 24 MINUTES 24 SECONDS, AN ARC
LENGTH OF 1132.95 FEET; THENCE NORTH 75 DEGREES 13
MINUTES 39 SECONDS WEST, 50.13 FEET; THENCE NORTH
14 DEGREES 46 MINUTES 21 SECONDS EAST, 882.65 FEET;
THENCE_ ,NORTH 75 DEGREES- 13 MINUTES 39- SECONDS
WEST, 600.00.'FEET; THENCE SOUTH 14 DEGREES 46
MINUTES 21- SECONDS WEST, 539.21 FEET;- THENCE NORTH
75 DEGREES 29 MINUTES 39 SECONDS WEST, 20 FEET;
THENCE SOUTH 87 DEGREES 42 MINUTES 08 SECONDS
WEST, 115.27 FEET; THENCE SOUTHWESTERLY: ALONG A
CURVE TO THE RIGHT WITH A RADIUS OF 680.00 -FEET AND A
CHORD BEARING OF SOUTH 08 DEGREES 42 MINUTES 26
SECONDS WEST, AN ARC LENGTH OF 140.94 FEET; THENCE
SOUTH 14 DEGREES 38 MINUTES'41 SECONDS WEST; 143.79
FEET; THENCE SOUTHEASTERLY ALONG A CURVE TO THE
LEFT WITH A RADIUS OF 25.00 FEET AND A CHORD BEARING
OF SOUTH 30 DEGREES 17 MINUTES 29 SECONDS EAST; AN
'ARC LENGTH OF 39.21_ FEET; THENCE NORTH 75 DEGREES
13 MINUTES 39 SECONDS WEST, _1040.30 FEET; - THENCE
NORTH 00 DEGREES 01 MINUTES 41 SECONDS WEST, 222.94
FEET; THENCE SOUTH 89 58 MINUTES 19
-SECONDS WEST; 368.68 FEET; THENCE NORTH -19 DEGREES
50 MINUTES'05 SECONDS WEST, 831.41 FEET; THENCE
SOUTH 89 DEGREES 00 MINUTES 40 SECONDS WEST, 331.94
FEET; THENCE NORTH 00 DEGREES 59 MINUTES 56
SECONDS WEST, 949.25 FEET; THENCE NORTH 89 DEGREES
00 MINUTES SECONDS EAST; 385.09 FEET; THENCE
NORTH 00 DEGREES 51 MINUTES 52 SECONDS WEST; 379.98
FEET; THENCE SOUTH 89 - DEGREES 00 MINUTES 40
SECONDS WEST, 331.75 FEET; THENCE NORTH 00 DEGREES
37 MINUTES 06 SECONDS EAST, 907:69 FEET; THENCE
SOUTH 89 DEGREES 55 MINUTES 02 SECONDS WEST, 335.39
FEET TO THE EAST RIGHT OF WAY LINE OF ILLINOIS ROUTE
NO. 47; THENCE NORTH 00 DEGREES 57 MINUTES 52
SECONDS EAST ALONG SAID EAST RIGHT OF WAY LINE, 80.01
FEET; THENCE NORTH 89 DEGREES 55 MINUTES 02
SECONDS EAST, 171.45 FEET; THENCE NORTH 00 DEGREES
32 MINUTES 06 SECONDS EAST, 5.72 FEET TO THE NORTH
LINE OF THE SOUTHWEST QUARTER- OF SAID SECTION 4;
THENCE NORTH 89 DEGREES 05 MINUTES 15 SECONDS
EAST, ALONG SAID NORTH LINE, 2990.11 FEET TO THE POINT
OF BEGINNING, IN THE TOWNSHIP OF BRISTOL, KENDALL
COUNTY; ILLINOIS:
PINS
- 02 -09- 200 -006
-02-04400-001
02-04. 300-001
02-04- 300 -004
02-09- 100.012 - - -- -- -
02 -09- 200 -006
02 -64- 400 -001
[Portion south of Galena Road]
THAT PART OF SECTIONS 9 AND 10 IN TOWNSHIP 37
NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN,
DESCRIBED - AS FOLLOWS: COMMENCJNG AT THE
SOUTHEAST - CORNER OF THE NORTHWEST.QUARTER OF
THE SOUTHWEST QUARTER OF SAID SECTION 9; THENCE
SOUTH "89 DEGREES 04 MINUTES 59 SECONDS WEST, ALONG
THE SOUTH LINE OF THE - NORTHWEST QUARTER OF THE
SOUTHWEST QUARTER OF SAID SECTION 9; 16.50 FEET FOR
THE POINT OF BEGINNING; THENCE NORTH 16 DEGREES 42
MINUTES 16 SECONDS EAST, 1391.17 FEET;: THENCE NORTH
14 DEGREES 45 MINUTES 06 SECONDS EAST, 194 FEET;
THENCE SOUTH 75 DEGREES 13 MINUTES 39 SECONDS
EAST, 1563.43 FEET; = THENCE SOUTH 14 DEGREES 46
MINUTES 21 SECONDS WEST, 250.00 FEET-; THENCE -SOUTH
75 DEGREES 13 MINUTES 39 SECONDS EAST, 350.00 FEET;
THENCE NORTH 14 DEGREES. 46' MINUTES 21 SECONDS
EAST,`- 250.00 FEET; THENCE SOUTH 75 DEGREES 13
.MINUTES 39 SECONDS EAST,- 144.21 FEET; THENCE
SOUTHEASTERLY ALONG A CURVE TO- THE = RIGHT WITH A
RADIUS - -OF 11400.00 FEET AND A CHORD BEARING OF
SOUTH 71- DEGREES 42 MINUTES -58 SECONDS-EAST, AN. -ARC
LENGTH OF 1395.73 FEET; THENCE SOUTH 22 DEGREES 02
MINUTES 45 SECONDS WEST, 324.61 FEET;- _THENCE SOUTH
08 DEGREES 47 MINUTES 21 SECONDS EAST, 103.70 FEET;
THENCE SOUTH 07 DEGREES '55 MINUTES -29 SECONDS
EAST, 102.94 FEET; THENCE; SOUTH 21 DEGREES 01
MINUTES 10 SECONDS EAST, 102.94 FEET; THENCE SOUTH
37 DEGREES 33 MINUTES 02 SECONDS EAST, 103.76 FEET;
THENCE SOUTH 59 DEGREES 21 MINUTES 35 SECONDS
EAST, 1.09.34 FEET; _ THENCE -SOUTH 67 DEGREES 57
MINUTES 15 SECONDS EAST, 728.53 FEET; THENCE SOUTH
67 DEGREES 57 MINUTES 04 SECONDS EAST, 149.67 FEET;
THENCE SOUTH 54 DEGREES -48 MINUTES 46 SECONDS
EAST, 61.99 FEET; THENCE SOUTH 29 DEGREES 42 MINUTES
01 SECONDS EAST, 63.34 FEET; THENCE SOUTH 19 DEGREES
52 MINUTES 58 SECONDS EAST, 393.83 FEET; THENCE
SOUTH 42 DEGREES 12 MINUTES 32 SECONDS EAST, 202.95
FEET; T14ENCE SOUTH 13 DEGREES 09 MINUTES 03
SECONDS WEST, 13.75 FEET; THENCE NORTH 76 DEGREES
50 MINUTES 57 SECONDS WEST, 47 FEET; THENCE
SOUTH 13 DEGREES 09 MINUTES 09 SECONDS WEST, 246.59
FEET; - THENCE SOUTH 30 DEGREES 33 MINUTES 27
SECONDS EAST, 163.94 FEET; THENCE SOUTH 12 DEGREES
43 MINUTES 25 SECONDS WEST, 205.80 FEET TO THE SOUTH
LINE OF THE NORTH HALF OF THE SOUTHWEST QUARTER
OF SECTION 10; THENCE SOUTH 89 DEGREES 03 MINUTES
52 SECONDS WEST, ALONG SAID SOUTH LINE, 955.11 FEET;
THENCE SOUTH 89 DEGREES 01 MINUTES 11 SECONDS
WEST, ALONG THE SOUTH LINE OF THE NORTH HALF OF
THE SOUTHEAST QUARTER OF SAID SECTION 10, 2656.76
FEET; THENCE SOUTH 89 DEGREES 04 MINUTES 59
SECONDS WEST, 1343.04 FEET TO THE POINT OF BEGINNING,
IN BRISTOL TOWNSHIP, KENDALL COUNTY, ILLINOIS.
PINS
02 -09- 200 -605
02 -09- 100 -008
02 -09- 400 -001
02.10- 300 -001
Exhibit B
e��,607 -0i05
Notice of Hearing
Sent by certified mail on 12 -28 -2005
Centex Real Estate Corporation
2205 Point Boulevard
Elgin, IL 60123
7160 3901 9849 3584 0924
Chicago Title Land Trust Company, as
successor to LaSalle Bank National
Association u/t/a dated April 1, 2005
known as trust no. 133370
181 West Madison Street, 17th Floor
Chicago, IL 60602
ertif A rticle U umber
7160 9849 1584 0900
Chicago Title Land Trust Company, as
successor to LaSalle Bank National
Association u/t/a dated April 1, 2005
known as trust no. 133368
181 West Madison Street, 17th Floor
Chicago, IL 60602
7160 3901 9849 1584 0931
Lay -Com, Inc.
662 North Broadway
Aurora, IL 60505
7160 3901 9849 1584 0917
Exhibit C
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NUMBER 2005 -109
[Portion North of Galena Road]
THAT PART OF SECTIONS 4 AND 9 IN TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE
THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE
NORTHEAST CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 4;
THENCE SOUTH 89 DEGREES 05 MINUTES 15 SECONDS WEST, ALONG THE NORTH
LINE OF SAID SOUTHEAST QUARTER, 1087.07 FEET FOR THE POINT OF
BEGINNING; THENCE SOUTH 00 DEGREES 14 MINUTES 26 SECONDS EAST, 725.09
FEET; THENCE NORTH 89 DEGREES 05 MINUTES 15 SECONDS EAST, 1087.08 FEET
TO THE EAST LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 4; THENCE
SOUTH 00 DEGREES 14 MINUTES 27 SECONDS EAST, ALONG THE EAST LINE OF
THE SOUTHEAST QUARTER OF SAID SECTION 4, 1924.04 FEET TO THE SOUTHEAST
CORNER OF THE SOUTHEAST QUARTER OF SAID SECTION 4; THENCE SOUTH 00
DEGREES 00 MINUTES 23 SECONDS WEST, ALONG THE EAST LINE OF THE
NORTHEAST QUARTER OF SAID SECTION 9, 1582.30 FEET; THENCE
NORTHWESTERLY ALONG A CURVE TO THE LEFT WITH A RADIUS OF 11520.00
FEET AND A CHORD BEARING OF NORTH 72 DEGREES 24 MINUTES 24 SECONDS,
AN ARC LENGTH OF 1132.95 FEET; THENCE NORTH 75 DEGREES 13 MINUTES 39
SECONDS WEST, 50.13 FEET; THENCE NORTH 14 DEGREES 46 MINUTES 21
SECONDS EAST, 882.65 FEET; THENCE NORTH 75 DEGREES 13 MINUTES 39
SECONDS WEST, 600.00 FEET; THENCE SOUTH 14 DEGREES 46 MINUTES 21
SECONDS WEST, 539.21 FEET; THENCE NORTH 75 DEGREES 29 MINUTES 39
SECONDS WEST, 208.25 FEET; THENCE SOUTH 87 DEGREES 42 MINUTES 08
SECONDS WEST, 115.27 FEET; THENCE SOUTHWESTERLY ALONG A CURVE TO
THE RIGHT WITH A RADIUS OF 680.00 FEET AND A CHORD BEARING OF SOUTH 08
DEGREES 42 MINUTES 26 SECONDS WEST, AN ARC LENGTH OF 140.94 FEET;
THENCE SOUTH 14 DEGREES 38 MINUTES 41 SECONDS WEST, 143.79 FEET;
THENCE SOUTHEASTERLY ALONG A CURVE TO THE LEFT WITH A RADIUS OF
25.00 FEET AND A CHORD BEARING OF SOUTH 30 DEGREES 17 MINUTES 29
SECONDS EAST, AN ARC LENGTH OF 39.21 FEET; THENCE NORTH 75 DEGREES 13
MINUTES 39 SECONDS WEST, 1040.30 FEET; THENCE NORTH 00 DEGREES 01
MINUTES 41 SECONDS WEST, 222.94 FEET; THENCE SOUTH 89 DEGREES 58
MINUTES 19 SECONDS WEST, 368.68 FEET; THENCE NORTH 19 DEGREES 50
MINUTES 05 SECONDS WEST, 831.41 FEET; THENCE SOUTH 89 DEGREES 00
MINUTES 40 SECONDS WEST, 331.94 FEET; THENCE NORTH 00 DEGREES 59
MINUTES 56 SECONDS WEST, 949.25 FEET; THENCE NORTH 89 DEGREES 00
MINUTES 40 SECONDS EAST, 385.09 FEET; THENCE NORTH 00 DEGREES 51
MINUTES 52 SECONDS WEST, 379.98 FEET; THENCE SOUTH 89 DEGREES 00
MINUTES 40 SECONDS WEST, 331.75 FEET; THENCE NORTH 00 DEGREES 37
MINUTES 06 SECONDS EAST, 907.69 FEET; THENCE SOUTH 89 DEGREES 55
MINUTES 02 SECONDS WEST, 335.39 FEET TO THE EAST RIGHT OF WAY LINE OF
CHI2_607990.4
ILLINOIS ROUTE NO. 47; THENCE NORTH 00 DEGREES 57 MINUTES 52 SECONDS
EAST ALONG SAID EAST RIGHT OF WAY LINE, 80.01 FEET; THENCE NORTH 89
DEGREES 55 MINUTES 02 SECONDS EAST, 171.45 FEET; THENCE NORTH 00
DEGREES 32 MINUTES 06 SECONDS EAST, 5.72 FEET TO THE NORTH LINE OF THE
SOUTHWEST QUARTER OF SAID SECTION 4; THENCE NORTH 89 DEGREES 05
MINUTES 15 SECONDS EAST, ALONG SAID NORTH LINE, 2990.11 FEET TO THE
- - POINT OF - BEGINNING, IN THE- TOWNSHIP--OF BRISTOL KENDALL COUNTY,
ILLINOIS.
PIN's
02 -09- 200 -006
02 -04- 400 -001
02 -04- 300 -001
02 -04- 300 -004
02 -09- 100 -012
02 -09- 200 -006
02 -04- 400 -001
[Portion south of Galena Road]
THAT PART OF SECTIONS 9 AND 10 IN TOWNSHIP 37 NORTH, RANGE 7 EAST OF
THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT
THE SOUTHEAST CORNER OF THE NORTHWEST QUARTER OF THE SOUTHWEST
QUARTER OF SAID SECTION 9; THENCE SOUTH 89 DEGREES 04 MINUTES 59
SECONDS WEST, ALONG THE SOUTH LINE OF THE NORTHWEST QUARTER OF THE
SOUTHWEST QUARTER OF SAID SECTION 9, 16.50 FEET FOR THE POINT OF
BEGINNING; THENCE NORTH 16 DEGREES 42 MINUTES 16 SECONDS EAST, 1391.17
FEET; THENCE NORTH 14 DEGREES 45 MINUTES 06 SECONDS EAST, 1940.59 FEET;
THENCE SOUTH 75 DEGREES 13 MINUTES 39 SECONDS EAST, 1563.43 FEET;
THENCE SOUTH 14 DEGREES 46 MINUTES 21 SECONDS WEST, 250.00 FEET;
THENCE SOUTH 75 DEGREES 13 MINUTES 39 SECONDS EAST, 350.00 FEET; THENCE
NORTH 14 DEGREES 46 MINUTES 21 SECONDS EAST, 250.00 FEET; THENCE SOUTH
75 DEGREES 13 MINUTES 39 SECONDS EAST, 144.21 FEET; THENCE
SOUTHEASTERLY ALONG A CURVE TO THE RIGHT WITH A RADIUS OF 11400.00
FEET AND A CHORD BEARING OF SOUTH 71 DEGREES 42 MINUTES 58 SECONDS
EAST, AN ARC LENGTH OF 1395.73 FEET; THENCE SOUTH 22 DEGREES 02 MINUTES
45 SECONDS WEST, 324.61 FEET; THENCE SOUTH 08 DEGREES 47 MINUTES 21
SECONDS EAST, 103.70 FEET; THENCE SOUTH 07 DEGREES 55 MINUTES 29
SECONDS EAST, 102.94 FEET; THENCE SOUTH 21 DEGREES 01 MINUTES 10
SECONDS EAST, 102.94 FEET; THENCE SOUTH 37 DEGREES 33 MINUTES 02
SECONDS EAST, 103.76 FEET; THENCE SOUTH 59 DEGREES 21 MINUTES 35
SECONDS EAST, 103.34 FEET; THENCE SOUTH 67 DEGREES 57 MINUTES 15
SECONDS EAST, 728.53 FEET; THENCE SOUTH 67 DEGREES 57 MINUTES 04
SECONDS EAST, 149.67 FEET; THENCE SOUTH 54 DEGREES 48 MINUTES 46
SECONDS EAST, 61.99 FEET; THENCE SOUTH 29 DEGREES 42 MINUTES 01
C -2
CH12_607990.4
SECONDS EAST, 63.34 FEET; THENCE SOUTH 19 DEGREES 52 MINUTES 58
SECONDS EAST, 393.83 FEET; THENCE SOUTH 42 DEGREES 12 MINUTES 32
SECONDS EAST, 202.95 FEET; THENCE SOUTH 13 DEGREES 09 MINUTES 03
SECONDS WEST, 13.75 FEET; THENCE NORTH 76 DEGREES 50 MINUTES 57
SECONDS WEST, 477.07 FEET; THENCE SOUTH 13 DEGREES 09 MINUTES 09
SECONDS WEST, 246.59 FEET; THENCE SOUTH 30 DEGREES 33 MINUTES 27
SECONDS EAST 163..94- FEET THENCE SOUTH-12 DEGREES 43 MINUTES 25
SECONDS WEST, 205.80 FEET TO THE SOUTH LINE OF THE NORTH HALF OF THE
SOUTHWEST QUARTER OF SECTION 10; THENCE SOUTH 89 DEGREES 03 MINUTES
52 SECONDS WEST, ALONG SAID SOUTH LINE, 955.11 FEET; THENCE SOUTH 89
DEGREES 01 MINUTES 11 SECONDS WEST, ALONG THE SOUTH LINE OF THE
NORTH HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 10, 2656.76 FEET;
THENCE SOUTH 89 DEGREES 04 MINUTES 59 SECONDS WEST, 1343.04 FEET TO THE
POINT OF BEGINNING, IN BRISTOL TOWNSHIP, KENDALL COUNTY, ILLINOIS.
PIN's
02- 09- 200 -005
02 -09- 100 -008
02 -09- 400 -001
02 -10- 300 -001
C -3
CHI2_607990.4
Exhibit D
SNTM EXHIBIT ; , x ; 'a�, :�,. INC.
GRAPHIC SC
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MERIDIEM DESCRIBED AS FOLLOWS CO AT T THE THE NORTHEAST CORNER or O' THE SOUTHEAST
WARIER O' SAID SECTION SOUTH 4: THENCE SW 7H B9 DEGREES OS H IS S EC O NDS WEST, ALCNG THE
NORTH LINE OF SAID SOUTHEAST W THE POINT BEGNMN
AR]ER, lOB7.07 FEET FOR E POINT OF BEq THENCE SOUTH ';L'�
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SECONDS EAST. 1087.08 FEET TO THE EAST LINE qr THE SOUTHEAST WARIER OF SAID SECTION 4; • • ' t +'�. ^'+P`. _ \� r ; M/''ry" +,t'
THENCE SOUTH GO DEGREES 14 MINUTES 27 SECONDS EAST AL W0 THE EAST LINE OF TH£ SOUTHEAST '. '�'I'' }'' f •hK'! Phd -• '
WARIER OF SAID SECTION 4. 192E W FEET TO THE SOUTHEAST CORNER OF THE SOUTHEAST WARIER OF
SAID SECTION 4; HENCE SOUTH 00 DEGREES 00 MINUTES 7J SECONDS WEST ALONG THE EAST LINE OF
THE NORTHEAST WARIER OF SAID SECTION 9. 1582.30 FEET,' THENCE NORTHWESTERLY ALONG A CURIE '� ryy f�a ,
TO 7H£ LEFT NTH A RADIUS OF 11520.00 FEET AND A CHORD BEARING O' NORTH 72 DEGREES 24
MINUTES 24 SECONDS AN ARC LENGTH O' 17J2.95 FEET; THENCE NORTH 75 DEGREES 13 MINUTES J9
SECONDS WEST, 5a IJ FEET,' THENCE NORTH 74 DEGREES 46 MINUTES 21 SECONDS EAST,, 88255 FEET.•
THENCE NORTH 75 DEGREES 1J MINUTES J9 SECONDS WEST. 600.00 FEET; THENCE SOUTH 14 DEGREE'S 46
MINUTES 21 SECONDS WEST. 509.21 FEET, THENCE NORTH 75 DEGREES 29 MINUTES J9 SECONDS WEST, • " "'
208.2.1 fEEI: THENCE SOUTH BT, DECREES 42 MINU7E5 08 SECONDS WEST, 11577 FEET; THENCE'
u.ilT
SOUTHWESTERLY ALONG A WRYE TO THE RIGHT WITH A RADIUS OF 68a OO FEET AND A CHORD BEARING
O` SOUTH OB DECREES 42 MINUTES 26 SECONDS WEST. AN ARC LENGTH OF 140.94 FEET, THENCE SOUTH
14 DEGREES J8 MINUTES 47 SECONDS WEST, 143.79 FEET.. THENCE SOUTHEASTERLY ALONG A CURVE TO
THE LEFT WIN A RADIUS OF 25.00 FEET AND A CHORD BEARING OF SOUTH JO DEGREES 17 MINUTES 29
SECONDS EAST, AN ARC LENGTH OF -19.27 FEET THENCE NORTH 73 DEGREES IJ MINUTES 39 SECONDS
WEST, 104aM FEET,• THENCE NORTH 00 DEGREES O MINUTES 41 SECONDS WEST, 27294 FEET.' THENCE
SOUTH 89 DEGREES 58 MINUTES 19 SECONDS WEST, J6&68 FEET,• THENCE NORTH 79 DEGREES 50
MINUTES 05 SECONDS WEST, 8JI.41 FEET,' THENCE SOUTH 89 DEGREES 00 MINUTES 40 SECONDS WEST,
JJ1.94 fEEr, THENCE NORTH 00 DECREES 59 MINUTES S6 SECONDS WEST 949.25 FEED, THENCE NORTH
89 DEGREES 00 MINUTES 40 SECONDS EAST, _8509 FEET,• THENCE NORTH 00 DEGREES 57 MINUTES 52 D6a6R
SECONDS WEST, J79.98 FEET, THENCE SOUTH B9 DEGREES DO MINUTES 40 SECONDS WEST, J37.75 FEET BRISTOL BAY SIBONSION
THENCE NORTH 00 DECREES J7 MINUTES 06 SECONDS EAST, 907.69 FEET,• THENCE SOUTH 89 DECREES YORICVILI.E, ILLINOIS
55 MINUTES 02 SECONDS WEST, JJS39 FEET 70 THE EAST RIGHT OF WAY LINE O' I ROUTE NO 47,'
THENCE NORTH 00 DEGREES 57 MINUTES 52 SECONDS EAST ALONG SAID EAST RIGHT OF WAY LIVE 8001
FEET; THENCE NORTH 89 DECREES 55 MINUTES 02 SECONDS EAST, 177.45 FEES THENCE NORTH 00
DECREES J2 MINUTES 06 SECONDS EAST, 572 FEET TO THE NORTH LINE OF THE SOVTHWEST WARIER O W[w°xs ow ex TxT: I GAIL I Imam xa
SAID SECTION 4: THENCE NORTH 89 DECREES 05 MINUTES 15 SECONDS EAST, ALONG SAID NORTH LINE, As niGSLtTS . oson9
7990.77 FEET >b THE POINT OF BEGIN /NO IN THE TOM-SHIP OF BRISTOL. BENDALL COUNTY, ILL ovi Br. Ixr I Wwaz wie s/aT xa
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A PLANNED UNIT DEVELOPMENT
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Exhibit E
Special Tax Roll and Report
CH12_607990.4
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005-109
SPECIAL TAX ROLL AND REPORT
Prepared for
UNITED CITY OF YORKVILLE
800 Game Farm Road
Yorkville, IL 60560
(630) 553 -7575
Prepared by
DAVID TAUSSIG & ASSOCIATES, INC.
1301 Dove Street, Suite 600
Newport Beach, CA 92660
(949) 955 -1500
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA N0.2005 -109
(BRISTOL BAY)
SPECIAL TAX ROLL AND REPORT
TABLE OF CONTENTS
Section
Page
I .
INTRODUCTION ..................................................................................... ............................... I
II .
DEFINITIONS .......................................................................................... ..............................1
A.
BOUNDARIES OF SSANO.2005 -109 .............................................. ..............................5
B.
ANTICIPATED LAND USES ............................................................... ..............................5
IV .
SPECIAL SERVICES ................................................................................ ..............................5
A.
GENERAL DESCRIPTION .................................................................. ..............................5
B .
ESTIMATED COSTS .......................................................................... ..............................6
C .
ALLOCATION ...................................................................................
..............................7
D.
ALTERNATIVES, MODIFICATIONS, AND /OR SUBSTITUTIONS
........... .............................22
V.
BOND ASSUMPTIONS ............................................................................. .............................22
VI.
MAXIMUM PARCEL SPECIAL TAX ....................................................... .............................23
A.
DETERMINATION ............................................................................
.............................23
B .
APPLICATION .................................................................................
.............................25
D .
TERM .............................................................................................
.............................25
E.
SPECIAL TAX ROLL AMENDMENT ..................................................
.............................25
F .
OPTIONAL PREPAYMENT ................................................................
.............................26
G.
MANDATORY PREPAYMENT ...........................................................
.............................26
VII
ABATEMENT AND COLLECTION ...........................................................
.............................26
A .
ABATEMENT ..................................................................................
.............................26
B.
COLLECTION PROCESS ...................................................................
.............................27
C.
ADMINISTRATIVE REVIEW .............................................................
.............................28
VIII
AMENDMENTS .......................................................................................
.............................28
List of Exhibits
Exhibit A — Special Tax Roll
Exhibit B — Prepayment of the Maximum Parcel Special Tax
Exhibit C — Allocation of Soft and Earthwork Costs
I. INTRODUCTION
Pursuant to the provisions of the Act and in accordance with the 'Establishing
Ordinance" being Ordinance No. 2006 -17 passed by the City Council of the United City
of Yorkville, County of Kendall, State of Illinois, on March 14, 2006 in connection with
the proceedings for Special Service Area Number 2005 -109 (hereinafter referred to as
"SSA No. 2005- 109 "), this Special Tax Roll and Report of SSA No. 2005 -109 (the
"Report") is herewith submitted and made part of the Establishing Ordinance.
II. DEFINITIONS
The terms used herein shall have the following meanings:
"Act" means the Special Service Area Tax Act, being 35 ILCS 200/27 -5 et seq., as
amended.
"Administrative Expenses" means the following actual or reasonably estimated costs
permitted in accordance with the Act and directly related to the administration of SSA
No. 2005 -109 and the Bonds as determined by the City or its designee: the costs of
computing the Special Taxes and of preparing the amended Special Tax Roll (whether by
the City or designee thereof or both); the costs of collecting the Special Taxes (whether
by the City, the County, or otherwise); the costs of remitting the Special Taxes to the
fiscal agent and /or trustee for any Bonds; the costs of the fiscal agent and /or trustee
(including its legal counsel) in the discharge of the duties required of it under the Bond
Indenture; the costs of the City or designee in computing the amount of rebatable
arbitrage, if any; the costs of the City or designee in applying for and maintaining ratings
of the Bonds; the costs of the City or designee in complying with the disclosure
requirements of applicable federal and state securities laws and of the Act, including, but
not limited to, public inquiries regarding the Special Taxes; the costs associated with the
release of funds from any escrow account or funds held pursuant to the Bond Indenture;
and any termination payments owed by the City in connection with any guaranteed
investment contract, forward purchase agreement, or other investment of funds held
under the Bond Indenture. Administrative Expenses shall also include amounts advanced
by the City for any administrative purpose of SSA No. 2005 -109 including the costs of
computing Special Tax Bond Prepayment amounts, recording of lien satisfaction or other
notices related to a Special Tax Bond Prepayment or Mandatory Special Tax Prepayment,
discharge or satisfaction of Special Taxes; the administrative costs associated with
upgrading the software utilized by Kendall County relating to the Special Tax; and the
costs of commencing and pursuing to completion any foreclosure action arising from and
pursuing the collection of delinquent Special Taxes and the reasonable fees of legal
counsel to the City incurred in connection with all of the foregoing.
"Bond Indenture" means the trust indenture and any supplemental indentures between
the City and the trustee named therein authorizing the issuance of the Bonds.
"Bonds" means any bonds or other debt, including refunding bonds, whether in one or
more series, issued by the City and secured by the Maximum Parcel Special Tax for SSA
Special Tax Roll and Report Page 1
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
No. 2005 -109, the proceeds of which will be used to finance inter alia, all or a portion of
the public improvements authorized pursuant to the Establishing Ordinance.
"Calendar Year" means the twelve -month period starting January 1 and ending
December 31.
"City" means the United City of Yorkville, County of Kendall, State of Illinois.
"Clubhouse Property" means the property within the boundaries of SSA No. 2005 -109
on which the clubhouse facility has been, may be, or is anticipated to be constructed as
determined from Unit 5.
"Condominium Property" means all Parcels within the boundaries of SSA No. 2005-
109 on which condominium Dwelling Units have been, may be, or are anticipated to be
constructed as determined from the applicable Preliminary Plat, Final Plat, or other
document approved by the City as determined by the Consultant.
"Consultant" means the designee of the City responsible for determining the Special
Taxes and assisting the City and the County in providing for the collection of the Special
Taxes, continuing disclosure, and any other administrative efforts related to SSA No.
2005 -109.
"Council" means the City Council of the United City of Yorkville, having jurisdiction
over SSA No. 2005 -109.
"County" means the County of Kendall, State of Illinois.
"Dwelling Unit" or "DU" means a residential dwelling unit.
"Final Plat" means a final plat of subdivision approved by the City and recorded with
the County which creates individual single - family home lots, townhome lots, and /or
condominium lots.
"Fire Station Property" means the property adjacent to the boundaries of SSA No.
2005 -109 on which a fire station has been, may be, or is anticipated to be constructed on
Lot 1685 of Unit 1.
"First Series Bonds" means the first series of Bonds issued for SSA No. 2005 -109.
"First Series Property" means the following: the Single - family Property comprising
Unit 4, Unit 5, Unit 6, and Unit 7 (two hundred eight (208) Dwelling Units), the
Townhome Property comprising Unit 2 and Unit 3 (two hundred eighty (280) Dwelling
Units), and the Condominium Property comprising Unit 1 (two hundred eighty-eight
(288) Dwelling Units).
"Mandatory Special Tax Prepayment" means the Special Tax Bond Prepayment
required upon pursuant to Section VI.G herein and calculated pursuant to Exhibit B
herein.
Special Tax Roll and Report Page 2
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
"Maximum Parcel Special Tax" means the maximum special tax, determined in
accordance with Section VI that can be collected by the City in any Calendar Year on any
Parcel.
"Maximum Parcel Special Taxes" means the amount determined by multiplying the
actual or anticipated number of Single - family Property Dwelling Units, Townhome
Property Dwelling Units, and Condominium Property Dwelling Units, in accordance with
Section VI.B, by the applicable Maximum Parcel Special Tax.
"Parcel" means a lot, parcel, and /or other interest in real property within the boundaries
of SSA No. 2005 -109 to which a permanent index number ('PIN') is assigned as
determined from a PIN Map or the County assessment roll.
"Partial Special Tax Bond Prepayment" means that amount required to partially
prepay the Maximum Parcel Special Tax computed pursuant to Exhibit B herein.
"PIN Map" means an official map of the Kendall County Mapping Department or other
authorized County official designating lots, parcels, and /or other interests in real property
by permanent index number.
"Preliminary Plat" means the preliminary subdivision plat for SSA No. 2005 -109
approved by the City.
"Residential Property" means all Parcels within the boundaries of SSA No. 2005 -109
on which Dwelling Units have been, may be, or are anticipated to be constructed as
determined from the Preliminary Plat or applicable Final Plat.
"School Property" means the property adjacent to the boundaries of SSA No. 2005 -109
on which a proposed elementary school has been, may be, or is anticipated to be
constructed as determined from Unit 6.
"Second Series Bonds" means the second series of Bonds issued for SSA No. 2005 -109
(exclusive of any refunding Bonds).
"Second Series Property" means all Single - family Property, Townhome Property, and
Condominium Property, exclusive of First Series Property. Such Single - family Property,
Townhome Property, and Condominium Property consists, respectively, of lots 1041-
1077, 1164 -1177, 1179 -1195 and 1253 -1444 (two hundred sixty (260) Dwelling Units);
lots 455 -784 (three hundred thirty (330) Dwelling Units); and lots 1645 -1665 (three
hundred thirty-six (336) Dwelling Units) as shown on the Preliminary Plat dated January
15, 2005, and last revised on March 15, 2005. The lot numbers applicable to Second
Series Property may be revised as determined by the Consultant in accordance with a
revision to the Preliminary Plat, provided that any reduction in the Dwelling Units for
Single - family Property, Townhome Property, or Condominium Property may result in a
Mandatory Special Tax Prepayment.
"Single- family Property" means all Parcels within the boundaries of SSA No. 2005 -109
on which single - family Dwelling Units have been, may be, or are anticipated to be
Special Tax Roll and Report Page 3
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
constructed as determined from the applicable Preliminary Plat, Final Plat, or other
document approved by the City as determined by the Consultant.
"Special Tax" means the special tax to be extended in each Calendar Year on each
Parcel.
"Special Tax Bond Prepayment" means that amount required to prepay the Maximum
Parcel Special Tax computed pursuant to Exhibit B herein in order to fully release the
lien of the Maximum Parcel Special Tax.
"Special Tax Requirement" means that amount determined by the City or its designee
as required in any Calendar Year to pay: (1) the Administrative Expenses, (2) debt
service on any Bonds, (3) reasonably anticipated delinquent Special Taxes, (4) any
amount required to replenish any reserve fund established in connection with such Bonds,
(5) the costs of credit enhancement and fees for instruments that serve as the basis of a
reserve fund in lieu of cash related to any such Bonds, and less (6) available funds as
directed under the Bond Indenture.
"Special Tax Roll" means the Special Tax Roll included herein as Exhibit A, as may be
amended pursuant to Section VI.E.
" Townhome Property" means all Parcels within the boundaries of SSA No. 2005 -109
on which townhome Dwelling Units have been, may be, or are anticipated to be
constructed as determined from the applicable Preliminary Plat, Final Plat, or other
document approved by the City as determined by the Consultant.
"Unit 1" means the Final Plat within SSA No. 2005 -109 designated as Unit 1 recorded
on December 21, 2005.
"Unit 2" means the Final Plat within SSA No. 2005 -109 designated as Unit 2 recorded
on December 21, 2005.
"Unit 3" means the Final Plat within SSA No. 2005 -109 designated as Unit 3 recorded
on December 21, 2005.
"Unit 4" means the Final Plat within SSA No. 2005 -109 designated as Unit 4 recorded
on December 21, 2005.
"Unit 5" means the Final Plat within SSA No. 2005 -109 designated as Unit 5 recorded
on December 21, 2005.
"Unit 6" means the Final Plat within SSA No. 2005 -109 designated as Unit 6 recorded
on December 21, 2005.
"Unit 7" means the Final Plat within SSA No. 2005 -109 designated as Unit 7 recorded
on December 21, 2005.
Special Tax Roll and Report Page 4
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
III. SPECIAL SERVICE AREA DESCRIPTION
A. BOUNDARIES OF SSA N0.2005 -109
SSA No. 2005 -109 consists of approximately two hundred forty -three (243) acres
of land generally located in the northeast quadrant of the State Route 47 and
Galena Road intersection, and approximately two hundred sixty -six (266) acres of
land generally located in the southeast quadrant of State Route 47 and Galena
Road intersection, the legal description for which is attached as Exhibit C of the
Establishing Ordinance.
B. ANTICIPATED LAND USES
SSA No. 2005 -109 is anticipated to consist of four hundred sixty -eight (468)
single - family Dwelling Units (i.e., single - family homes), six hundred ten (610)
townhome Dwelling Units, and six hundred twenty -four (624) condominium
Dwelling Units.
IV. SPECIAL SERVICES
SSA No. 2005 -109 has been established to finance certain special services conferring
special benefit thereto and which are in addition to the municipal services provided to the
City as a whole. A general description, estimated cost, and allocation of these special
services are set forth below.
A. GENERAL DESCRIPTION
1. ELIGIBLE IMPROVEMENTS
The special services that are eligible to be financed by SSA No. 2005 -109
consist of certain public improvements with appurtenances and
appurtenant work in connection therewith necessary to serve SSA No.
2005 -109 (hereinafter referred to as the 'Eligible Improvements "). The
Eligible Improvements are generally described as follows: the acquisition,
construction and installation of public improvements including, but not
limited to:
City owned sanitary sewer facilities, water facilities, road facilities,
storm sewer facilities, public parks and park improvements,
including, but not limited to, engineering, surveying, soil testing
and appurtenant work, mass grading and demolition, storm water
management facilities, storm drainage systems and storm sewers,
site clearing and tree removal, public water facilities, sanitary
sewer facilities, erosion control measures, roads, streets, curbs,
gutters, street lighting, traffic controls, sidewalks, paths and related
street improvements, and equipment and materials necessary for
the maintenance thereof, landscaping, wetland mitigation, public
park improvements and tree installation, costs for land and
Special Tax Roll and Report Page 5
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
easement acquisitions or dedications relating to any of the
foregoing improvements, required tap -on and related fees for water
or sanitary sewer services and other eligible costs.
2. SSA No. 2005 -109 FUNDED IMPROVEMENTS
• SSA No. 2005 -109 is anticipated to fund certain on -site and off -
site public facilities, subject to the alternatives, modifications,
and /or substitutions as described in Section IV. D below.
B. ESTIMATED COSTS
The estimated costs for the Eligible Improvements and the amounts anticipated to
be financed by SSA No. 2005 -109 are presented in Table 1 on the following page.
The costs anticipated to be financed by SSA No. 2005 -109 do not include any
costs allocated to the School Property, Clubhouse Property, or Fire Station
Property. Therefore, these facilities will be exempt from the Special Tax.
Special Tax Roll and Report Page 6
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 1
PUBLIC IMPROVEMENT
Sanitary Sewer Facilities
Hard Costs
Soft Costs
Water Facilities
Hard Costs
Water Connection Fees
Soft Costs
Storm Sewer Facilities
Hard Costs
Earthwork
Soft Costs
Roads
ESTIMATED COSTS FOR ELIGIBLE IMPROVEMENTS
$3,661,667
COSTS ANTICIPATED TO BE
TOTAL COSTS
FINANCED BY SSA No. 2005 -109
ALLOCABLE ALLOCABLE
FIRST SECOND
GRAND TOTAL TO PHASE 12 TO PHASE 2 s
SERIES SERIES
COSTS t PROPE PROPERTY
I
BONDS BONDS
I
$3,661,667
$1,684,1711
$1,977,496
$1,477,064
$6,502,229
$1,767,483
$169,974
$78,1791
$91,795
$68,565
Soft Costs 1 $663,505
$82,046
$3,796,287
$1,814,5891
$1,981,698
$1,480,202
1
$1,771,239
$3,347,040
$1,522,370
GRAND TOTAL 4 1 $37,608,395 1
$1,824,670
$1,362,912
$14,510,000 1
$1,630,887
$176,199
$84,221
$91,977
$68,701
$82,209
$7,267,700
$3,540,533
$3,727,167
$2,771,129
$3,321,358
$1,200,936
$585,048
$615,888
$457,910
$548,831
$336,065
$163,717
$172,348
$128,139
$153,583
Hard Costs $14,292,215
$6,977,023
$7,315,191
$5,420,854
$6,502,229
Earthwork $1,691,908
$825,938
$865,970
$641,719
$769,732
Soft Costs 1 $663,505
$323,903
$339,602
$251,659
$301,861
Land 1 $1,004,900
$490,562
$514,338
$381,146
$457,178
GRAND TOTAL 4 1 $37,608,395 1
$18,090,254 1
$19,518,140 1
$14,510,000 1
$17,388,637
t Includes hard costs, 10% contingency (applied only to the hard
costs), and estimated soft and earthwork costs
as discussed in further detail in Exhibit C.
Right -of -way acquisition for Rosenwinkel Street and Bristol Bay Drive.
2 Phase 1 Property includes First Series Property, the School Property,
the Clubhouse Property, and the Fire Station
Property.
3 Phase 2 Property includes only Second Series Property.
4 Any differences in amounts shown are due to rounding.
C. ALLOCATION
Special taxes levied pursuant to the Act must bear a rational relationship between
the amount of the special tax levied against each Parcel within SSA No. 2005 -109
and the special service benefit rendered. Therefore, the public improvements
anticipated to be financed by SSA No. 2005 -109 as shown in Table 1 have been
allocated in accordance with the benefit rendered to the property therein, with
benefit estimated to be a function of (i) the service or benefit area for said
improvements and (ii) the relative capacity for said improvements reserved for or
used by properties within the benefit area. A discussion of the relevant benefit
area(s) and measures of public facilities usage is detailed below.
Special Tax Roll and Report Page 7
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
1. BENEFIT AREA
The eligible public improvements are designed with the intent to
specifically service SSA No. 2005 -109, the School Property, and the Fire
Station Property, and therefore the benefit area includes only such
property. Each land use type is allocated a share of each public facility
type in accordance with the public facility usage factors described below.
Notwithstanding the preceding, no onsite sewer costs are allocated to the
School Property because it is expected to connect to an existing sanitary
sewer system. In addition, the water connection fees are not applicable to
the Clubhouse Property, School Property, and Fire Station Property.
2. PUBLIC FACILITY USAGE
Once the benefit area has been established, the special services may be
allocated among the various properties within such area in accordance
with use. As is discussed in the following sections, commonly accepted
measures for public facility usage indicate that the benefit conferred by the
Eligible Improvements applies uniformly by land use type.
a. SANITARY SEWER AND WATER USAGE
The primary determinant of sanitary sewer and water usage is the
applicable population equivalent, or P.E. Household population is
the criteria commonly used to project sewer and water service
demand. Wastewater Engineering, Third Edition indicates that
residential wastewater flow rates are typically determined on the
basis of population density and the average per capita contribution
of wastewater. The Illinois Environmental Protection Agency's
criteria for water storage and distribution systems assume an
everyday use equal to 50 gallons per day per person. In addition,
an emergency capacity is set at 50 gallons per day per person. This
equates to 350 gallons per day for each single - family home given
the applicable IEPA P.E. factor of 3.5 for single - family homes.
The IEPA does not publish P.E. factors for townhome Dwelling
Units or condominium Dwelling Units. However, IEPA indicates
that the published P.E. factors for apartments may be used to
estimate P.E. for townhomes and condominiums. P.E. factors for
apartments range from 1.5 to 3.0 depending upon bedroom count.
As each townhome Dwelling Unit is anticipated to have two or
three bedrooms, the P.E. factor of 3.0 for two to three - bedroom
apartments is used. As condominium Dwelling Units are
anticipated to have either one or two bedrooms, a P.E. factor of
2.25, which is the average of the P.E. factor of 1.5 for one -
bedroom apartments and the P.E. factor of 3.0 for two to three -
bedroom apartments, is used for the condominiums.
Special Tax Roll and Report Page 8
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
Sewer and water demand for public schools is a function of the
estimated number of students and employees. The Yorkville
Community School District #115 (herein known as the "School
District ") indicates the proposed elementary school to have a
capacity of approximately 650 students and 30 employees.
Applying the IEPA standards of 0.25 gallons per student and
employee per day yields a total P.E. of 170.00 for the proposed
elementary school.
Clubhouse Property and Fire Station Property sewer and water
demands are a function of the nature and intensity of use. The
developer's engineer estimates the Clubhouse Property P.E. at
35.00. The City's engineer estimates the Fire Station Property P.E.
at 11.07 based on estimated usage for an existing fire station.
Table 2 on the following page shows these P.E. factors and their
equivalency (i.e., the P.E. factor for each land use type expressed
in terms of the P.E. factor for a single - family home).
Special Tax Roll and Report Page 9
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 2
SANITARY SEWER AND WATER USAGE FACTORS
P.E. AND EQUIVALENT UNITS
UNIT FACTOR
TOTAL
DWELLING EQUIVALENT EQUIVALENT
LAND USE UNITS STUDENTS EMPLOYEES P.E. FACTOR TOTAL P.E. I UNIT 2 UNITS 1,4
(1) Single - Family Property 468 NA NA 3.50 1,638.00 1.00 468.00
(2) Townhome Property 610 NA NA 3.00 1,830.00 0.86 524.60
(3) Condominium Property 624 NA NA 2.25 1,404.00 0.64 399.36
(4) School Property NA 650 30 0.25 170.00 48.57 48.57
(5) Clubhouse Property NA NA NA 35.00 3 5.0 0 10.00 10.00
(6) Fire Station Property NA NA NA 11.07 11.07 3.16 3.16
Grand Total 1,702 NA NA NA 5,088.07 NA 1,453.69
'P.E. factor multiplied by applicable number of dwelling units, students, and employees.
'Equivalent units for land uses 1 — 3 computed by dividing P.E. factor for each such land use by P.E. factor for single - family land use. Equivalent units for land uses 4 — 6
computed by dividing total P.E. by P.E. factor for single- family land use.
3 Equivalent unit factor multiplied by applicable number of dwelling units, schools, clubhouses, or fire stations.
4 Calculations may vary slightly due to rounding.
Special Tax Roll and Report Page 10
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
b. STORM SEWER USAGE
Storm sewer facilities are sized based upon estimated storm flows
which vary with the size of the tributary drainage area, slope, soil
type, antecedent runoff condition, and impervious ground cover. In
its "Urban Hydrology for Small Watersheds: TR -55" (the "TR -55
Manual "), the United States Department of Agriculture indicates
average "runoff curve numbers" for purposes of measuring storm
flows or runoff. The runoff curve equation estimates storm runoff
given a particular volume of rainfall.
The runoff curve numbers for fully developed urban areas
indicated in the TR -55 Manual vary by land use type, impervious
area, and hydrologic soil group. Assuming generally uniform
antecedent runoff and hydrologic soil conditions within the SSA
No. 2005 -109, storm flows will tend to vary with land use and the
associated impervious area.
Impervious ground coverage factors for residential development
vary by development density or the number of dwelling units per
gross acre, with gross acreage being exclusive of open space.
Single - family Property have an average lot area of 14,952 square
feet per lot, or a gross density of approximately three Dwelling
Units to an acre, which according to the TR -55 Manual would
categorize the Single - family Property in SSA No. 2005 -109 as
having a development density of 1/3 acre. The TR -55 Manual
indicates an impervious ground coverage factor of thirty percent
(30 %) for this development density. Multiplying the thirty percent
factor by the average Single - family Property lot area of 14,952
square feet results in an estimated impervious ground area of 4,486
square feet per single - family lot.
The gross density for the Townhome Property and Condominium
Property is approximately eight Dwelling Units and eleven
Dwelling Units to an acre, respectively. The TR -55 Manual
indicates an impervious ground coverage factor of sixty-five
percent (65 %) for residential development with gross density of
eight Dwelling Units to an acre or greater. Multiplying the 65%
factor by the gross area for Townhome Property of 75.83 acres
results in an estimated aggregate impervious area of 49.29 acres.
Dividing this amount by 610 townhome Dwelling Units yields an
impervious ground area of 3,520 square feet per townhome
Dwelling Unit. Generally, the greater the density the more
impervious area per acre. Interpolating for Condominium Property
based on a gross density of eleven Dwelling Units to an acre, the
impervious area is estimated at 85 %. Multiplying the 85% factor
by the gross area for Condominium Property of 42.18 acres results
in an estimated aggregate impervious area of 35.85 acres. Dividing
Special Tax Roll and Report Page 11
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
this amount by 624 condominium Dwelling Units yields an
impervious ground are of 2,503 square feet per condominium
Dwelling Unit.
The TR -55 Manual does not contain impervious ground areas for
elementary schools, clubhouses, or fire stations. The impervious
ground coverage area for the Clubhouse Property, which is
estimated at 77,571 square feet, has been provided by the
developer's engineer and is based upon the preliminary plans for
such facility. The impervious ground coverage factors for the
School Property and Fire Station Property have been provided by
the School District and Fire District, respectively, and are based on
design plans for existing school and fire station facilities.
Table 3 on the following page shows the impervious ground area
factors and their equivalency (i.e., the average impervious area for
each land use type expressed in terms of the average impervious
area for the typical single - family home).
Special Tax Roll and Report Page 12
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 3
STORM SEWER USAGE FACTORS
IMPERVIOUS AREA AND EQUIVALENT UNITS
UNIT FACTOR IMPERVIOUS AREA'
TOTAL
DWELLING LOT SIZE PER COVERAGE PERDU/ EQUIVALENT EQUIVALENT
LAND USE UNITS DU /SITE FACTOR SITE TOTAL UNIT 2 UNITS 3,4
(1) Single - Family Property 468 14,952 30% 4,485.53 2,099,228.04 1.00 468.00
(2) Townhome Property 610 5,415 65% 3,519.86 2,147,116.39 0.78 475.80
(3) Condominium Property 624 2,944 85% 2,502.54 1,561,585.98 0.56 349.44
(4) School Property NA 653,400 29% 189,486.00 189,486.00 42.24 42.24
(5) Clubhouse Property NA 143,748 54% 77,571.00 77,571.00 17.29 17.29
(6) Fire Station Property NA 103,237 100% 103,237.20 103,237.20 23.02 23.02
Grand Total 1,702 NA NA NA 6,178,224.61 NA 1,375.79
` Impervious area per dwelling unit for land uses 1 — 3 computed by multiplying coverage factor by 43,560 (square feet in an acre) and then dividing by density.
Total impervious area for land uses 4 and 6 computed by multiplying coverage factor by total land square footage (43,560 multiplied by acres). Total impervious
area for land use 5 has been provided by the developer's engineer.
x Equivalent units for land uses 1 — 3 computed by dividing impervious area for each such land use by impervious area for typical single - family home. Equivalent
units for land uses 4 — 6 computed by dividing total impervious area by impervious area for the typical single - family home.
3 Equivalent unit factor multiplied by applicable number of dwelling units, schools, clubhouses, or fire stations.
`Calculations may vary slightly due to rounding.
Special Tax Roll and Report Page 13
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
C. ROAD USAGE
Road usage is typically computed on the basis of anticipated trip
generation. The Institute of Traffic Engineers publication Trip
Generation Sixth Edition, indicates average weekday trips of 9.57
per single - family detached home and 5.86 per townhome or
condominium dwelling unit.
The average weekday trips associated with an elementary school
are typically expressed per student and are estimated by Trip
Generation, Sixth Edition at 1.02 per elementary school student.
The developer's engineer estimates average weekday trips for the
Clubhouse Property at 90. The Bristol Kendall Fire District (herein
known as the "Fire District ") estimates average weekday trips for
Fire Station Property at 22.
Table 4 on the following page shows these trip factors and their
equivalency (i.e., the average weekday trip factor for each land use
type expressed in terms of the average weekday trip factor for the
typical single - family home).
Special Tax Roll and Report Page 14
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 4
ROAD USAGE FACTORS
TRIPS AND EQUIVALENT UNITS
UNIT FACTOR
AVERAGE
WEEKDAY TOTAL TOTAL
DWELLING TRIP WEEKDAY EQUIVALENT EQUIVALENT
LAND USE UNITS STUDENTS EMPLOYEES FACTOR TRIPS 1 UNIT' UNITS 3,4
(1) Single - Family Property 468 NA NA 9.57 4,478.76 1.00 468.00
(2) Townhome Property 610 NA NA 5.86 3,574.60 0.61 372.10
(3) Condominium Property 624 NA NA 5.86 3,656.64 0.61 380.64
(4) School Property NA 650 NA 1.02 663.00 69.28 69.28
(5) Clubhouse Property NA NA NA 90.00 90.00 9.40 9.40
(6) Fire Station Property NA NA NA 22.00 22.00 2.30 2.30
Grand Total 1,702 NA NA NA 12,485.00 NA 1,301.72
' P.E. factor multiplied by applicable number of dwelling units, students, and employees.
Z Equivalent units for land uses 1 — 3 computed by dividing average weekday trip factor for each such land use by average weekday trip factor for typical single - family
home. Equivalent units for land uses 4 — 6 computed by dividing total weekday trips by the average trips for the typical single - family home.
a Equivalent unit factor multiplied by applicable number of dwelling units, schools, clubhouses, or fire stations.
4 Calculations may vary slightly due to rounding.
Special Tax Roll and Report Page 15
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
3. ALLOCATED COSTS
The Eligible Improvements must be allocated in accordance with the
appropriate usage factors discussed above. For example, sanitary sewer
and water facilities are allocated on a P.E. basis. Road facilities are
allocated in proportion to estimated trip generation and storm sewer
facilities are allocated on impervious area. As shown in Tables 5 — 8, the
allocated cost per equivalent unit is computed by dividing the estimated
improvement costs shown in Table 1 by the applicable equivalent units for
Single - family Property, Townhome Property, School Property, Clubhouse
Property, and Fire Station Property. The total allocated costs for each land
use type is computed by multiplying the allocated cost per equivalent unit
by the applicable equivalent units. A summary of the allocated costs is
presented in Table 9.
The portion of the Eligible Improvements to be financed with bond
proceeds is shown in Table 12. All Eligible Improvements that are not
financed through SSA No. 2005 -109 (which include all Eligible
Improvements allocated to the School Property, the Clubhouse Property,
and the Fire Station Property) will be funded by the developer and are
categorized as "Developer's Equity." The SSA No. 2005 -109 funded
Eligible Improvements are anticipated to be financed through two series of
bonds. The breakdown of the Eligible Improvements by bond issue are
shown in aggregate in Table 10 and by residential land use in Table 11.
TABLE 5
SANITARY SEWER COST ALLOCATION
(7) Grand Total 1,405.12 $3,831,640.48
' From Table 2, 2 Includes soft costs. For a more detailed discussion on allocation of soft costs, refer to Exhibit C.,
3 $3,831,640.4887 *131, 4 $3,831,640.4887 *132, 5 $3,831,640.48/137 *133, 6 $3,831,640.48/137 *134,
7 $3,831,640.48/137 *135, 8 $3,831,640.4887 *136
Special Tax Roll and Report Page 16
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
(A)
(B)
(C)
Equivalent
Allocated
Land Use
Units'
Cost2
(1)
Single - Family Property
468.00
$1,276,195.44 3
(2)
Townhome Property
524.60
$1,430,538.74 4
(3)
Condominium Property
399.36
$1,089,020.11 5
(4)
School Property
0.00
$0.00 6
(5)
Clubhouse Property
10.00
$27,269.13 7
(6)
Fire Station Property
3.16
$8,617.05 8
(7) Grand Total 1,405.12 $3,831,640.48
' From Table 2, 2 Includes soft costs. For a more detailed discussion on allocation of soft costs, refer to Exhibit C.,
3 $3,831,640.4887 *131, 4 $3,831,640.4887 *132, 5 $3,831,640.48/137 *133, 6 $3,831,640.48/137 *134,
7 $3,831,640.48/137 *135, 8 $3,831,640.4887 *136
Special Tax Roll and Report Page 16
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 6A
WATER CONNECTION FEE ALLOCATION
(A) (B) (C)
TABLE 6B
WATER FACILITIES COSTS
(A) (B) (C)
Equivalent
Allocated
Land Use
Units
Cost
(1)
Single - Family Property
468.00
$1,125,330.27 2
(2)
Townhome Property
524.60
$1,261,427.90 3
(3)
Condominium Property
399.36
$960,281.83 4
(4)
School Property
0.00
$0.00 5
(5)
Clubhouse Property
0.00
$0.00 6
(6)
Fire Station Property
0.00
$0.00 7
(7)
Grand Total
1,391.96
$3,347,040.00
1 From
Table 2, 2 $3,347,040.0087 *131, 3 $3,347,040.00/137 *132, 4
$3,347,040.0087 *B3,
5 $3,347,040.0087 *B4,
6 $3,347,040.00/137 *135, 7 $3,347,040.00/137 *136
TABLE 6B
WATER FACILITIES COSTS
(A) (B) (C)
Special Tax Roll and Report Page 17
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
Equivalent
Allocated
Land Use
Units
Cost
(1)
Single - Family Property
468.00
$1,278,899.41 3
(2)
Townhome Property
524.60
$1,433,569.72 4
(3)
Condominium Property
399.36
$1,091,327.49 5
(4)
School Property
48.57
$132,726.80 6
(5)
Clubhouse Property
10.00
$27,326.91 7
(6)
Fire Station Property
3.16
$8,635.30 8
(7)
Grand Total
1,453.69
$3,972,485.63
t From Table 2, 2 Includes soft costs. For a more
detailed discussion on allocation of soft costs, refer to Exhibit C.,
3 $3,972,485.6387 *131, 4 $3,972,485.6387 *132,
5 $3,972,485.6387 *133, 6 $3,972,485.6387 *134,
7 $3,972,485.6387 *135, 8 $3,972,485.6387 *136
Special Tax Roll and Report Page 17
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 7
STORM SEWER COST ALLOCATION
(A) (B) (C)
TABLE 8
ROAD COST ALLOCATION
(A) (B) (C)
Equivalent
Allocated
Land Use
Units
Cost
(1)
Single - Family Property
468.00
$2,790,978.37 3
(2)
Townhome Property
475.80
$2,837,494.67 4
(3)
Condominium Property
349.44
$2,083,930.51 5
(4)
School Property
42.24
$251,903.69 6
(5)
Clubhouse Property
17.29
$103,111.15 7
(6)
Fire Station Property
23.02
$137,282.74 8
(7)
Grand Total
1,375.79
$8,204,701.12
1 From Table 3, 2 Includes soft and earthwork costs. For a more detailed discussion on allocation of soft and
earthwork costs, refer to Exhibit C., 3 $8,204,701.12/137 *131,
4 $8,204,701.1287 *B2,
5 $8,204,701.1287 *133,
6 $8,204,701.12/137 *134, 7 $8,204,701.12/137 *135, 8 $8,204,701.1287 *136
TABLE 8
ROAD COST ALLOCATION
(A) (B) (C)
Special Tax Roll and Report Page 18
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
Equivalent
Allocated
Land Use
Units
Cost
(1)
Single - Family Property
468.00
$6,346,513.02 3
(2)
Townhome Property
372.10
$5,046,020.29 4
(3)
Condominium Property
380.64
$5,161,830.59 5
(4)
School Property
69.28
$939,500.90 6
(5)
Clubhouse Property
9.40
$127,472.70 7
(6)
Fire Station Property
2.30
$31,190.13 s
(7)
Grand Total
1,301.72
$17,652,527.63
1 From Table 4, 2 Includes soft, earthwork,
and land acquisition costs. For a more detailed discussion on allocation of
soft and earthwork costs, refer to Exhibit C.,
3 $17,652,527.63 /B7 *B1, 4 $17,652,527.63/137 *132,
5 $17,652,527.6387 *133, 6 $17,652,527.63/137 *134, 7 $17,652,527.63/137 *135, 8 $17,652,527.63/137 *136
Special Tax Roll and Report Page 18
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 9
ALLOCATED COSTS BY LAND USE
SINGLE- FAMH.Y TOWNHOME CONwmDaUM SCHOOL CLUBHOUSE FIRE STATION
PUBLIC "ROVEMENT PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY
Sanitary Sewer
Hard Costs $1,219,583 $1,367,079 $1,040,711 $0 $26,059 $8,235
Soft Costs $56,613 $63,460 $48,310 $0 $1,210 $382
Water
Hard Costs $1,222,174 $1,369,984 $1,042,922 $126,840 $26,115 $8,252
Connection Fees $1,125,330 $1,261,428 $960,282 $0 $0 $0
Soft Costs $56,725 $63,586 $48,406 $5,887 $1,212 $383
Storm Sewer
Hard Costs $2,472,240 $2,513,444 $1,845,939 $223,136 $91,336 $121,605
Earthwork $408,520 $415,329 $305,028 $36,872 $15,093 $20,094
Soft Costs $114,319 $116,224 $85,358 $10,318 $4,223 $5,623
Roads
Hard Costs $5,138,399 $4,085,466 $4,179,231 $760,659 $103,207 $25,253
Earthwork $608,282 $483,636 $494,736 $90,047 $12,218 $2,989
Soft Costs $238,546 $189,665 $194,018 $35,313 $4,791 $1,172
Land $361,286 $287,253 $293,846 $53,483 $7,257 $1,776
GRAND TOTAL $13,022,017 $12,216,554 $10,538,786 $1,342,553 $292,720 $195,765
NUMBER OF DUS 468 610 624 NA NA NA
TOTAL COST/DU $27,824.82 $20,027.14 $16,889.08 NA NA NA
*Amounts may vary due to rounding.
Special Tax Roll and Report Page 19
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 10
FUNDING OF ELIGIBLE PUBLIC IMPROVEMENTS
SSA N0.2005 -109
SECOND
TOTAL BOND FIRST SERIES SERIES DEVELOPER'S
PUBLIC IMPROVEMENT GRAND TOTAL PROCEEDS BONDS BONDS EQUITY
Sanitary Sewer
Hard Costs $3,661,667 $3,244,547 $1,477,064 $1,767,483 $417,120
Soft Costs $169,974 $150,611 $68,565 $82,046 $19,363
Water
Hard Costs $3,796,287 $3,251,441 $1,480,202 $1,771,239 $544,846
Connection Fees $3,347,040 $2,993,800 $1,362,912 $1,630,887 $353,240
Soft Costs $176,199 $150,911 $68,701 $82,209 $25,288
Storm Sewer
Hard Costs $7,267,700 $6,092,487 $2,771,129 $3,321,358 $1,175,213
Earthwork $1,200,936 $1,006,741 $457,910 $548,831 $194,196
Soft Costs $336,065 $281,722 $128,139 $153,583 $54,343
Roads
Hard Costs $14,292,215 $11,923,083 $5,420,854 $6,502,229 $2,369,131
Earthwork $1,691,908 $1,411,451 $641,719 $769,732 $280,457
Soft Costs $663,505 $553,520 $251,659 $301,861 $109,985
Land $1,004,900 $838,324 $381,146 $457,178 $166,576
GRAND TOTAL $37,608,395 $31,898,637 $14,510,000 $17,388,637 $5,709,758
*Amounts may vary due to rounding.
Special Tax Roll and Report Page 20
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
TABLE 11 - - - -- - -- - --
FUNDING OF ELIGIBLE PUBLIC IMPROVEMENTS BY BOND SERIES
SSA N0.2005 -109
FIRST SE - 2IES BONDS SECOND SERIES BONDS
SECOND
FIRST SERIES TOTAL SERIES
TOTAL SINGLE- FIRST SERIES FIRST SERIES SECOND SINGLE- SECOND SERIES SECOND SERIES
PUBLIC GRAND FIRST SERIES FAMILY TOWNHOME CONDOMINIUM SERIES FAMILY TOWNHOME CONDOMINIUM
IMPROVEMENT TOTAL PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY
Sanitary Sewer
Hard Costs $3,244,547 $1,477,064 $447,597 $583,149 $446,317 $1,767,483 $559,497 $687,282 $520,704
Soft Cost $150,611 $68,565 $20,777 $27,070 $20,718 $82,046 $25,972 $31,904 $24,171
Water
Hard Costs $3,251,441 $1,480,202 $448,549 $584,388 $447,266 $1,771,239 $560,686 $688,743 $521,810
Connection Fees $2,993,800 $1,362,912 $413,006 $538,082 $411,825 $1,630,887 $516,258 $634,168 $480,462
Soft Costs $150,911 $68,701 $20,819 $27,123 $20,759 $82,209 $26,023 $31,967 $24,219
Storm Sewer
Hard Costs $6,092,487 $2,771,129 $907,334 $1,072,148 $791,647 $3,321,358 $1,134,167 $1,263,604 $923,588
Earthwork $1,006,741 $457,910 $149,931 $177,165 $130,814 $548,831 $187,413 $208,802 $152,616
Soft Costs $281,722 $128,139 $41,956 $49,577 $36,606 $153,583 $52,445 $58,430 $42,708
Roads
Hard Costs $11,923,083 $5,420,854 $1,885,837 $1,742,719 $1,792,298 $6,502,229 $2,357,296 $2,053,918 $2,091,015
Earthwork $1,411,451 $641,719 $223,245 $206,302 $212,172 $769,732 $279,056 $243,142 $247,534
Soft Costs $553,520 $251,659 $87,549 $80,904 $83,206 $301,861 $109,436 $95,352 $97,074
Land $838,324 $381,146 $132,595 $122,532 $126,018 $457,178 $165,744 $144,413 $147,021
GRAND TOTAL $31,898,637 $14,510,000 $4,779,194 $5,211,159 $4,519,647 $17,388,637 $5,973,992 $6,141,724 $5,272,921
NUMBER OF DUS NA NA 208 280 288 NA 260 330 336
TOTAL COST/DU NA NA $22,976.89 $18,611.28 $15,693.22 NA $22,976.89 $18,611.28 $15,693.22
*Amounts may vary due to rounding.
Special Tax Roll and Report Page 21
United City of Yorkville Special Service Area No. 2005 -109 March 14, 2006
D. ALTERNATIVES, MODIFICATIONS, ANA /OR SUBSTITUTIONS
The description of the Eligible Improvements, as set forth herein, is general in
nature. The final description, specifications, location, and costs of improvements
and facilities will be determined upon the preparation of final plans and
specifications and completion of the improvements. The final plans may show
substitutes, in lieu or modifications to the Eligible Improvements in order to
accomplish the works of improvements, and any substitution, increase, or
decrease to the amount of public improvements financed shall not be a change or
modification in the proceedings as long as (i) the allocation of the Eligible
Improvement costs actually funded by SSA No. 2005 -109, using the preceding
methodology, is uniform within Single - family Property, Townhome Property, and
Condominium Property and (ii) such allocation results in the same ratio of funded
Eligible Improvements between these three land use types, as established in
Section VI.A below.
V. BOND ASSUMPTIONS
It is anticipated that certain of the Eligible Improvements will be financed through the
issuance of two series of bonds. Total authorized bonded indebtedness is $45,000,000.
Bonds in the approximate amount of $19,000,000 and $21,000,000 are anticipated to be
issued in March 2006 and March 2008, respectively. The First Series Bonds will include
a reserve fund equal to the maximum annual debt service on the bonds and approximately
twenty -four (24) months of capitalized interest. Issuance costs are approximately three
and one tenths percent (3.10°/x) of the principal amount. The term of the bonds is 30
years, with principal amortized over a period of approximately 28 years. The Second
Series Bonds will include a reserve fund not more than ten percent (10.0 %) of the
original principal amount of the bonds and approximately twelve (12) months of
capitalized interest. Issuance costs are estimated to be two and eight tenths percent
(2.80 %) of the principal amount. The term of the bonds is 28 years, with principal
amortized over a period of approximately 27 years. Annual debt service payments will
increase approximately one and one -half percent (1.50 %) annually.
The final sizing of the bonds may be modified as appropriate to meet the objectives of the
financing and prevailing bond market conditions. These modifications may include, but
are not limited to, changes in the following:
• Bond timing, phasing, and /or escrows;
• Capitalized interest period;
• Principal amortization (i.e., bond term and annual debt service payment);
• Reserve fund size and form; and
• Coupon rates.
Therefore, the actual bonded indebtedness, and consequently the amount of public
improvements financed by SSA No. 2005 -109, may increase or decrease depending upon
these variables.
Special Tax Roll and Report Page 22
United City of Yorkville'SSA No. 2005 -109 March 14, 2006
VI. MAXIMUM PARCEL SPECIAL TAX
As mentioned previously, no Eligible Improvements for the Clubhouse Property, School
Property, and Fire Station Property will be financed by SSA No. 2005 -109. Therefore,
these properties will not be subject to the Maximum Parcel Special Tax. The discussion
that follows applies only to the remaining Residential Property.
A. DETERMINATION
When multiple land uses are anticipated, the Maximum Parcel Special Tax is a
function of the (i) relative amounts of the allocated Eligible Improvement costs
for such land uses and (ii) the required Maximum Parcel Special Taxes. In order
to measure the relative difference in public improvement costs for each land use
type, Equivalent Dwelling Units ( "EDU ") factors have been calculated. A Single -
family Property Dwelling Unit is deemed the typical residential unit and is
assigned an EDU factor of 1.00. The EDU factor for the Townhome Property
Dwelling Units and Condominium Property Dwelling Units is equal to the ratio of
the funded Eligible Improvements for the each respective category to the funded
Eligible Improvements for Single- family Property Dwelling Units. The funded
Eligible Improvements per Dwelling Unit is calculated by dividing the aggregate
amounts to be funded for Single - family Property, Townhome Property, and
Condominium Property shown in Table 11 by the respective number of Dwelling
Units. EDUs are shown in Table 12 below.
TABLE 12
EDU FACTORS
The Maximum Parcel Special Tax is derived from the Maximum Parcel Special
Taxes which are equal to the sum of the estimated (i) maximum annual interest
and principal payments on the Bonds, net of projected earnings on the reserve
fund, (ii) contingency for delinquent Special Taxes, and (iii) estimated
Administrative Expenses. The derivation of the Maximum Parcel Special Tax is
shown in Table 13 on the following page.
Special Tax Roll and Report Page 23
United City of Yorkville SSA No. 2005 -109 March 14, 2006
No. of
EDU
DWELLING
COST /UNIT
FACTOR
UNITS
EDUs
First Series Property
Single - Family Property Dwelling Unit
$22,976.89
1.000
208 units
208.00
Townhome Property Dwelling Unit
$18,611.28
0.810
280 units
226.80
Condominium Property Dwelling Unit
$15,693.22
0.683
288 units
196.70
Second Series Property
Single - Family Property Dwelling Unit
$22,976.89
1.000
260 units
260.00
Townhome Property Dwelling Unit
$18,611.28
0.810
330 units
267.30
Condominium Property Dwelling Unit
$15,693.22
0.683
336 units
229.49
Total
1,702 units
1,388.29
The Maximum Parcel Special Tax is derived from the Maximum Parcel Special
Taxes which are equal to the sum of the estimated (i) maximum annual interest
and principal payments on the Bonds, net of projected earnings on the reserve
fund, (ii) contingency for delinquent Special Taxes, and (iii) estimated
Administrative Expenses. The derivation of the Maximum Parcel Special Tax is
shown in Table 13 on the following page.
Special Tax Roll and Report Page 23
United City of Yorkville SSA No. 2005 -109 March 14, 2006
TABLE 13
MAXIMUM PARCEL SPECIAL TAX
(LEVIED CALENDAR YEAR 2007 / COLLECTED CALENDAR YEAR 2008)
PER DWELLING UNIT
SECOND
FIRST SERIES SERIES SECOND SECOND
SINGLE- FIRST SERIES FIRST SERIES SINGLE- SERIES SERIES
FAMILY TOWNHOME CONDOMINIUM FAMILY TOWNHOME CONDOMINIUM
TOTAL PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY PROPERTY
Maximum Parcel Special Taxes $2,998,780 $449,280 $490,000 $424,800 $561,600 $577,500 $495,600
Number of EDUs 1,388.29 208.00 226.80 196.70 260.00 267.30 229.49
Maximum Parcel Special Tax / EDU*
(Maximum Parcel Special Taxes / $2,160 NA NA NA NA NA NA
Number of EDUs)
EDU Factor NA 1.000 0.810 0.683 1.000 0.810 0.683
Maximum Parcel Special Tax / DU*
(Maximum Parcel Special Tax / EDU NA $2,160 $1,750 $1,475 $2,160 $1,750 $1,475
x EDU Factor)
*Amounts have been rounded to the nearest dollar.
Special Tax Roll and Report Page 24
United City of Yorkville SSA No. 2005 -109 March 14, 2006
The Maximum Parcel Special Tax per EDU is simply computed by dividing the
Maximum Parcel Special Taxes by the number of EDUs. Multiplying this amount
by the applicable EDU factor yields the Maximum Parcel Special Tax for Single -
family Property, Townhome Property, and Condominium Property for First Series
Property and Second Series Property. Therefore, the Maximum Parcel Special
Taxes are weighted in proportion to the allocation of funded Eligible
Improvements as shown in Section IV.C, and consequently the amount of the
Maximum Parcel Special Tax bears a rational relationship to the benefit that the
special services render to each Parcel within SSA No. 2005 -109 as required
pursuant to the Act.
B. APPLICATION
Prior to the recordation of a Final Plat, the Maximum Parcel Special Tax for a
Parcel of Residential Property shall be calculated by multiplying the number of
expected Dwelling Units of Single - family Property, Townhome Property, or
Condominium Property for such Parcel, as determined from the Preliminary Plat,
by the applicable Maximum Parcel Special Tax determined pursuant to Table 13
as increased in accordance with Section VI.0 below.
Subsequent to the recordation of the Final Plat, the Maximum Parcel Special Tax
for a Parcel of Residential Property shall be calculated by multiplying the number
of Dwelling Units of Single - Family Property, Townhome Property, and
Condominium Property which may be constructed on such Parcel, as determined
from the applicable Final Plat, by the applicable Maximum Parcel Special Tax
determined pursuant to Table 13, as increased in accordance with Section VI.0
below.
C. ESCALATION
The Maximum Parcel Special Tax that has been levied escalates one and one -half
percent (1.50 %) annually through and including Calendar Year 2034, rounded
each year to the nearest dollar. Note, that while the annual increase in the
Maximum Parcel Special Tax is limited to one and one -half percent (1.50 %),
which is consistent with the anticipated graduated payment schedule for interest
and principal on the Bonds, the percentage annual change in the Special Tax may
be greater depending upon actual Special Tax receipts, capitalized interest,
investment earnings, and Administrative Expenses.
D. TERM
The Maximum Parcel Special Tax shall not be levied after Calendar Year 2034
(to be collected in Calendar Year 2035).
E. SPECIAL TAX ROLL AMENDMENT
Each Calendar Year, in conjunction with the abatement ordinance adopted by the
City, the City shall amend the Special Tax Roll to reflect the Maximum Parcel
Special Tax Roll and Report Page 25
United City of Yorkville SSA No. 2005 -109 March 14, 2006
Special Tax applicable to any new Parcels established by the County. The
amended Special Tax Roll shall be recorded with the County.
F. OPTIONAL PREPAYMENT
The Maximum Parcel Special Tax for any Parcel may be prepaid and the
obligation of the Parcel to pay the Maximum Parcel Special Tax permanently
satisfied pursuant to Section A of Exhibit B attached hereto, provided that a
prepayment may be made only if there are no delinquent Special Taxes with
respect to such Parcel at the time of prepayment. The Maximum Parcel Special
Tax may also be prepaid in part, provided that proceeds for any such prepayment
are sufficient to permit the redemption of Bonds in such amounts and maturities
deemed necessary by the Consultant and in accordance with the Bond Indenture.
An owner of a Parcel intending to prepay the Maximum Parcel Special Tax, either
partially or in full, shall provide the City with written notice of intent to prepay.
Within 30 days of receipt of such written notice, the City or its designee shall
notify such owner of the amount of the Special Tax Bond Prepayment or the
Partial Special Tax Bond Prepayment, as applicable, for such Parcel and the date
through which such amount shall be valid.
G. MANDATORY PREPAYMENT
If at any time the Consultant determines that there has been or will be a reduction
in the Maximum Parcel Special Taxes as a result of an amendment to the
Preliminary Plat or Final Plat, or other event which reduces the Maximum Parcel
Special Taxes such that the annual debt service coverage ratio is less than one
hundred ten percent (110 %), then a Mandatory Special Tax Prepayment shall be
calculated pursuant to Section B of Exhibit B attached hereto. Each year's annual
debt service coverage ratio shall be determined by dividing (i) such year's reduced
Maximum Parcel Special Taxes by (ii) the sum of the corresponding annual
interest and principal payment on the Bonds, plus estimated Administrative
Expenses and less estimated earnings on the Reserve Fund (as such term is
defined in the Bond Indenture). As required under the Bond Indenture, the City
may adopt a supplemental ordinance to provide for the levy of the Mandatory
Special Tax Prepayment.
Please refer to Section VII.B below for details on the collection procedure of the
Mandatory Special Tax Prepayment.
VII. ABATEMENT AND COLLECTION
A. ABATEMENT
On or before the last Tuesday of December of each Calendar Year, commencing
with Calendar Year 2007 and for each following Calendar Year, the Council or its
designee shall determine the Special Tax Requirement and the Maximum Parcel
Special Tax Roll and Report Page 26
United City of Yorkville SSA No. 2005 -109 March 14, 2006
Special Tax authorized by the ordinance providing for the issuance of the Bonds
shall be abated as follows:
1. Prior to the Issuance of the Second Series Bonds
The Maximum Parcel Special Tax applicable to the First Series Property
shall be abated each year to the extent such amounts exceed the Special
Tax Requirement. The Maximum Parcel Special Tax applicable to each
Parcel of First Series Property shall be abated in equal percentages until
the Special Tax remaining equals the Special Tax Requirement. The
Maximum Parcel Special Tax applicable to Second Series Property shall
be abated in full.
2. Subsequent to the Issuance of the Second Series Bonds
The Maximum Parcel Special Tax applicable to all Residential Property
shall be abated each year to the extent such amounts exceed the Special
Tax Requirement. The Maximum Parcel Special Tax applicable to each
Parcel of Residential Property shall be abated in equal percentages until
the Special Tax remaining equals the Special Tax Requirement.
Notwithstanding, if the Consultant determines there are sufficient monies
available pursuant to the Bond Indenture to pay the debt service on that
portion of the Second Series Bonds applicable to the Second Series
Property through the third interest payment date on the Second Series
Bonds next following the calculation of the Special Tax Requirement, the
Maximum Parcel Special Tax applicable to Second Series Property shall
be abated in full and the Maximum Parcel Special Tax for the First Series
Property shall be abated pursuant to Section VII.A.1 above.
B. COLLECTION PROCESS
With the exception of the Mandatory Special Tax Prepayment, the Special Tax
will be billed and collected by the County in the same manner and at the same
time as general ad valorem property taxes. The lien and foreclosure remedies
provided for in Article 9 of the Illinois Municipal Code shall apply upon the
nonpayment of the Special Tax. The Council may provide for other means of
collecting the Special Tax, if necessary to meet the financial obligations of SSA
No. 2005 -109.
The Mandatory Special Tax Prepayment shall be due prior to any development
approval, subdivision of land, conveyance, or other action that results in a
reduction in the Maximum Parcel Special Taxes such that the annual debt service
coverage ratio is less than one hundred ten percent (110 %). The Mandatory
Special Tax Prepayment shall be levied against the property on which the
reduction has or will occur. The Mandatory Special Tax Prepayment shall have
the same sale and lien priorities as are provided for regular property taxes. A
Mandatory Special Tax Prepayment shall not reduce the Maximum Parcel Special
Tax for any Parcel.
Special Tax Roll and Report Page 27
United City of Yorkville SSA No. 2005 -109 March 14, 2006
C. ADMINISTRATIVE REVIEW
Any owner of a Parcel claiming that a calculation error has been made in the
amount of the Special Tax applicable to such Parcel for any Calendar Year may
send a written notice describing the error to the Consultant not later than thirty
(30) days after having paid the Special Tax which is alleged to be in error. The
Consultant shall promptly review the notice, and if necessary, meet with the
property owner, consider written and oral evidence regarding the alleged error,
and decide whether, in fact, such an error occurred. If the Consultant determines
that an error did in fact occur and the Special Tax should be modified or changed
in favor of the property owner, an adjustment shall be made in the amount of the
Special Tax applicable to such Parcel in the next Calendar Year. Cash refunds
shall only be made in the final Calendar Year for the Special Tax. The decision of
the Consultant regarding any error in respect to the Special Tax shall be final.
VIII. AMENDMENTS
This Report may be amended by ordinance of the City and, to the maximum extent
permitted by the Act, such amendments may be made without further notice under the
Act and without notice to owners of property within SSA No. 2005 -109 in order to (i)
clarify or correct minor inconsistencies in the matters set forth herein, (ii) provide for
lawful procedures for the collection and enforcement of the Special Tax so as to assure
the efficient collection of the Special Tax for the benefit of the owners of the Bonds, (iii)
otherwise improve the ability of the City to fulfill its obligations to levy, extend, and
collect the Maximum Parcel Special Tax and to make it available for the payment of the
Bonds and Administrative Expenses, (iv) modify the definitions of First Series Property,
Second Series Property, and Preliminary Plat in the. event the Preliminary Plat is
amended, and (v) make any change deemed necessary or advisable by the City, provided
such change is not detrimental to the owners of property subject to the Maximum Parcel
Special Tax. No such amendment shall be approved by the Council if it violates any other
agreement binding upon the City and unless and until it has (i) found and determined that
the amendment is necessary and appropriate and does not materially adversely affect the
rights of the owners of the Bonds or the City has obtained the consent of one hundred
percent (100.00 %) of the owners of the Bonds and (ii) received an opinion of a nationally
recognized bond counsel to the effect that the amendment does not violate the Act, and is
authorized pursuant to the terms of the Bond Indenture and this Report.
KACLIENTS2 \Yorkvi11e\District Formation \SSA 2005 -109 (Centex) \SSA Report\Bristol Bay SSA Report 5(revised).doc
Special Tax Roll and Report Page 28
United City of Yorkville SSA No. 2005 -109 March 14, 2006
EXHIBIT A
SPECIAL TAX ROLL
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005 -109
SPECIAL TAX ROLL
MAXIMUM PARCEL SPECIAL TAX SCHEDULE
A -1
Maximum Parcel Special
Tax Per Dwelling Unit
Levied
Calendar
Single- family
Townhome
Condominium
Year
Proaerty
Prooertv
Prooertv
2007
$2,160.00
$1,750.00
$1,475.00
2008
$2,192.00
$1,776.00
$1,497.00
2009
$2,225.00
$1,803.00
$1,519.00
2010
$2,258.00
$1,830.00
$1,542.00
2011
$2,292.00
$1,857.00
$1,565.00
2012
$2,326.00
$1,885.00
$1,588.00
2013
$2,361.00
$1,913.00
$1,612.00
2014
$2,396.00
$1,942.00
$1,636.00
2015
$2,432.00
$1,971.00
$1,661.00
2016
$2,468.00
$2,001.00
$1,686.00
2017
$2,505.00
$2,031.00
$1,711.00
2018
$2,543.00
$2,061.00
$1,737.00
2019
$2,581.00
$2,092.00
$1,763.00
2020
$2,620.00
$2,123.00
$1,789.00
2021
$2,659.00
$2,155.00
$1,816.00
2022
$2,699.00
$2,187.00
$1,843.00
2023
$2,739.00
$2,220.00
$1,871.00
2024
$2,780.00
$2,253.00
$1,899.00
2025
$2,822.00
$2,287.00
$1,927.00
2026
$2,864.00
$2,321.00
$1,956.00
2027
$2,907.00
$2,356.00
$1,985.00
2028
$2,951.00
$2,391.00
$2,015.00
2029
$2,995.00
$2,427.00
$2,045.00
2030
$3,040.00
$2,463.00
$2,076.00
2031
$3,086.00
$2,500.00
$2,107.00
2032
$3,132.00
$2,538.00
$2,139.00
2033
$3,179.00
$2,576.00
$2,171.00
2034
$3,227.00
$2,615.00
$2,204.00
A -1
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005-109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of
Dwelling Unit
Identification
Number of
Dwelling Unit
Number
Dwellina Units
Tyne
Number
Dwellina_ Units
Tyne
02 -04- 300 -012
336
Condominium Property
02 -04- 325 -066
1
Townhome Property
02 -04- 325 -002
1
Townhome Property
02 -04- 325 -067
1
Townhome Property
02 -04- 325 -003
1
Townhome Property
02 -04- 326 -002
1
Townhome Property
02 -04- 325 -004
1
Townhome Property
02 -04- 326 -003
1
Townhome Property
02 -04- 325 -005
1
Townhome Property
02 -04- 326 -004
1
Townhome Property
02 -04- 325 -007
1
Townhome Property
02 -04- 326 -005
1
Townhome Property
02 -04- 325 -008
1
Townhome Property
02 -04- 326 -006
1
Townhome Property
02 -04- 325 -009
1
Townhome Property
02 -04- 326 -007
1
Townhome Property
02 -04- 325 -010
1
Townhome Property
02 -04- 326 -009
1
Townhome Property
02 -04- 325 -012
1
Townhome Property
02 -04- 326 -010
1
Townhome Property
02 -04- 325 -013
1
Townhome Property
02 -04- 326 -011
1
Townhome Property
02 -04- 325 -014
1
Townhome Property
02 -04- 326 -012
1
Townhome Property
02 -04- 325 -015
1
Townhome Property
02 -04- 326 -013
1
Townhome Property
02 -04- 325 -017
1
Townhome Property
02 -04- 326 -014
1
Townhome Property
02 -04- 325 -018
1
Townhome Property
02 -04- 326 -016
1
Townhome Property
02 -04- 325 -019
1
Townhome Property
02 -04- 326 -017
1
Townhome Property
02 -04- 325 -020
1
Townhome Property
02 -04- 326 -018
1
Townhome Property
02 -04- 325 -022
1
Townhome Property
02 -04- 326 -019
1
Townhome Property
02 -04- 325 -023
1
Townhome Property
02 -04- 326 -021
1
Townhome Property
02 -04- 325 -024
1
Townhome Property
02 -04- 326 -022
1
Townhome Property
02 -04- 325 -025
1
Townhome Property
02 -04- 326 -023
1
Townhome Property
02 -04- 325 -027
1
Townhome Property
02 -04- 326 -024
1
Townhome Property
02 -04- 325 -028
1
Townhome Property
02 -04- 326 -026
1
Townhome Property
02 -04- 325 -029
1
Townhome Property
02 -04- 326 -027
1
Townhome Property
02 -04- 325 -030
1
Townhome Property
02 -04- 326 -028
1
Townhome Property
02 -04- 325 -032
1
Townhome Property
02 -04- 326 -029
1
Townhome Property
02 -04- 325 -033
1
Townhome Property
02 -04- 326 -030
1
Townhome Property
02 -04- 325 -034
1
Townhome Property
02 -04- 326 -031
1
Townhome Property
02 -04- 325 -035
1
Townhome Property
02 -04- 326 -033
1
Townhome Property
02 -04- 325 -037
1
Townhome Property
02 -04- 326 -034
1
Townhome Property
02 -04- 325 -038
1
Townhome Property
02 -04- 326 -035
1
Townhome Property
02 -04- 325 -039
1
Townhome Property
02 -04- 326 -036
1
Townhome Property
02 -04- 325 -040
1
Townhome Property
02 -04- 326 -038
1
Townhome Property
02 -04- 325 -042
1
Townhome Property
02 -04- 326 -039
1
Townhome Property
02 -04- 325 -043
1
Townhome Property
02 -04- 326 -040
1
Townhome Property
02 -04- 325 -044
1
Townhome Property
02 -04- 326 -041
1
Townhome Property
02 -04- 325 -045
1
Townhome Property
02 -04- 326 -043
1
Townhome Property
02 -04- 325 -047
1
Townhome Property
02 -04- 326 -044
1
Townhome Property
02 -04- 325 -048
1
Townhome Property
02 -04- 326 -045
1
Townhome Property
02 -04- 325 -049
1
Townhome Property
02 -04- 326 -046
1
Townhome Property
02 -04- 325 -050
1
Townhome Property
02 -04- 327 -002
1
Townhome Property
02 -04- 325 -051
1
Townhome Property
02 -04- 327 -003
1
Townhome Property
02 -04- 325 -052
1
Townhome Property
02 -04- 327 -004
1
Townhome Property
02 -04- 325 -054
1
Townhome Property
02 -04- 327 -005
1
Townhome Property
02 -04- 325 -055
1
Townhome Property
02 -04- 327 -006
1
Townhome Property
02 -04- 325 -056
1
Townhome Property
02 -04- 327 -007
1
Townhome Property
02 -04- 325 -057
1
Townhome Property
02 -04- 327 -009
1
Townhome Property
02 -04- 325 -059
1
Townhome Property
02 -04- 327 -010
1
Townhome Property
02 -04- 325 -060
1
Townhome Property
02 -04- 327 -011
1
Townhome Property
02 -04- 325 -061
1
Townhome Property
02 -04- 327 -012
1
Townhome Property
02 -04- 325 -062
1
Townhome Property
02 -04- 327 -013
1
Townhome Property
02 -04- 325 -064
1
Townhome Property
02 -04- 327 -014
1
Townhome Property
02 -04- 325 -065
1
Townhome Property
02 -04- 327 -016
1
Townhome Property
A -2
UNITED CITY OF YORKVILLE
SPECIAL SERVICE,AREA NO. 2005 -109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of
Dwelling Unit
Identification
Number of
Dwelling Unit
Number
Dwellina Units
Tvae
Number
Dwellina Units
Tvae
02 -04- 327 -017
1
Townhome Property
02 -04- 329 -002
1
Townhome Property
02 -04- 327 -018
1
Townhome Property
02 -04- 329 -003
1
Townhome Property
02 -04- 327 -019
1
Townhome Property
02 -04- 329 -004
1
Townhome Property
02 -04- 327 -020
1
Townhome Property
02- 04- 329 -005
1
Townhome Property
02 -04- 327 -021
1
Townhome Property
02 -04- 329 -006
1
Townhome Property
02 -04- 327 -023
1
Townhome Property
02 -04- 329 -007
1
Townhome Property
02 -04- 327 -024
1
Townhome Property
02 -04- 329 -009
1
Townhome Property
02 -04- 327 -025
1
Townhome Property
02 -04- 329 -010
1
Townhome Property
02 -04- 327 -026
1
Townhome Property
02 -04- 329 -011
1
Townhome Property
02 -04- 327 -028
1
Townhome Property
02 -04- 329 -012
1
Townhome Property
02 -04- 327 -029
1
Townhome Property
02 -04- 329 -013
1
Townhome Property
02 -04- 327 -030
1
Townhome Property
02 -04- 329 -014
1
Townhome Property
02 -04- 327 -031
1
Townhome Property
02 -04- 329 -016
1
Townhome Property
02 -04- 327 -033
1
Townhome Property
02 -04- 329 -017
1
Townhome Property
02 -04- 327 -034
1
Townhome Property
02 -04- 329 -018
1
Townhome Property
02 -04- 327 -035
1
Townhome Property
02 -04- 329 -019
1
Townhome Property
02 -04- 327 -036
1
Townhome Property
02 -04- 329 -021
1
Townhome Property
02 -04- 328 -002
1
Townhome Property
02 -04- 329 -022
1
Townhome Property
02 -04- 328 -003
1
Townhome Property
02 -04- 329 -023
1
Townhome Property
02 -04- 328 -004
1
Townhome Property
02 -04- 329 -024
1
Townhome Property
02 -04- 328 -005
1
Townhome Property
02 -04- 329 -025
1
Townhome Property
02 -04- 328 -007
1
Townhome Property
02 -04- 329 -026
1
Townhome Property
02 -04- 328 -008
1
Townhome Property
02 -04- 329 -028
1
Townhome Property
02 -04- 328 -009
1
Townhome Property
02 -04- 329 -029
1
Townhome Property
02 -04- 328 -010
1
Townhome Property
02 -04- 329 -030
1
Townhome Property
02 -04- 328 -012
1
Townhome Property
02 -04- 329 -031
1
Townhome Property
02 -04- 328 -013
1
Townhome Property
02 -04- 329 -033
1
Townhome Property
02 -04- 328 -014
1
Townhome Property
02 -04- 329 -034
1
Townhome Property
02 -04- 328 -015
1
Townhome Property
02 -04- 329 -035
1
Townhome Property
02 -04- 328 -017
1
Townhome Property
02 -04- 329 -036
1
Townhome Property
02 -04- 328 -018
1
Townhome Property
02 -04- 329 -038
1
Townhome Property
02 -04- 328 -019
1
Townhome Property
02 -04- 329 -039
1
Townhome Property
02 -04- 328 -020
1
Townhome Property
02 -04- 329 -040
1
Townhome Property
02 -04- 328 -022
1
Townhome Property
02 -04- 329 -041
1
Townhome Property
02 -04- 328 -023
1
Townhome Property
02 -04- 329 -043
1
Townhome Property
02 -04- 328 -024
1
Townhome Property
02 -04- 329 -044
1
Townhome Property
02 -04- 328 -025
1
Townhome Property
02 -04- 329 -045
1
Townhome Property
02 -04- 328 -027
1
Single- family Property
02 -04- 329 -046
1
Townhome Property
02 -04- 328 -028
1
Single- family Property
02 -04- 329 -048
1
Townhome Property
02 -04- 328 -029
1
Single- family Property
02 -04- 329 -049
1
Townhome Property
02 -04- 328 -030
1
Single- family Property
02 -04- 329 -050
1
Townhome Property
02 -04- 328 -031
1
Single- family Property
02 -04- 329 -051
1
Townhome Property
02 -04- 328 -032
1
Single- family Property
02 -04- 330 -002
1
Townhome Property
02 -04- 328 -033
1
Single- family Property
02 -04- 330 -003
1
Townhome Property
02 -04- 328 -034
1
Single- family Property
02 -04- 330 -004
1
Townhome Property
02 -04- 328 -035
1
Single- family Property
02 -04- 330 -005
1
Townhome Property
02 -04- 328 -036
1
Single- family Property
02 -04- 330 -006
1
Townhome Property
02 -04- 328 -037
1
Single- family Property
02 -04- 330 -007
1
Townhome Property
02 -04- 328 -038
1
Single- family Property
02 -04- 330 -009
1
Townhome Property
02 -04- 328 -039
1
Single- family Property
02 -04- 330 -010
1
Townhome Property
02 -04- 328 -040
1
Single- family Property
02 -04- 330 -011
1
Townhome Property
02 -04- 328 -041
1
Single- family Property
02 -04- 330 -012
1
Townhome Property
02 -04- 328 -042
1
Single- family Property
02 -04- 330 -014
1
Townhome Property
A -3
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005 -109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of
Dwelling Unit
Identification
Number of
Dwelling Unit
Number
Dwellina Units
Tvue
Number
Dwellina_ Units
Type
02 -04- 330 -015
1
Townhome Property
02 -04- 401 -002
1
Townhome Property
02 -04- 330 -016
1
Townhome Property
02 -04- 401 -003
1
Townhome Property
02 -04- 330 -017
1
Townhome Property
02 -04- 401 -004
1
Townhome Property
02 -04- 330 -018
1
Townhome Property
02 -04- 401 -005
1
Townhome Property
02 -04- 330 -019
1
Townhome Property
02 -04- 401 -007
1
Townhome Property
02 -04- 330 -021
1
Townhome Property
02 -04- 401 -008
1
Townhome Property
02 -04- 330 -022
1
Townhome Property
02 -04- 401 -009
1
Townhome Property
02 -04- 330 -023
1
Townhome Property
02 -04- 401 -010
1
Townhome Property
02 -04- 330 -024
1
Townhome Property
02 -04- 401 -012
1
Townhome Property
02 -04- 331 -002
1
Townhome Property
02 -04- 401 -013
1
Townhome Property
02 -04- 331 -003
1
Townhome Property
02 -04- 401 -014
1
Townhome Property
02 -04- 331 -004
1
Townhome Property
02 -04- 401 -015
1
Townhome Property
02 -04- 331 -005
1
Townhome Property
02 -04- 401 -017
1
Townhome Property
02 -04- 331 -007
1
Townhome Property
02 -04- 401 -018
1
Townhome Property
02 -04- 331 -008
1
Townhome Property
02 -04- 401 -019
1
Townhome Property
02 -04- 331 -009
1
Townhome Property
02 -04- 401 -020
1
Townhome Property
02 -04- 331 -010
1
Townhome Property
02 -04- 402 -002
1
Townhome Property
02 -04- 331 -011
1
Townhome Property
02 -04- 402 -003
1
Townhome Property
02 -04- 331 -012
1
Townhome Property
02 -04- 402 -004
1
Townhome Property
02 -04- 331 -014
1
Townhome Property
02 -04- 402 -005
1
Townhome Property
02 -04- 331 -015
1
Townhome Property
02 -04- 402 -007
1
Townhome Property
02 -04- 331 -016
1
Townhome Property
02 -04- 402 -008
1
Townhome Property
02 -04- 331 -017
1
Townhome Property
02 -04- 402 -009
1
Townhome Property
02 -04- 332 -001
1
Single- family Property
02 -04- 402 -010
1
Townhome Property
02 -04- 332 -002
1
Single- family Property
02 -04- 402 -012
1
Townhome Property
02 -04- 332 -003
1
Single- family Property
02 -04- 402 -013
1
Townhome Property
02 -04- 333 -001
1
Single- family Property
02 -04- 402 -014
1
Townhome Property
02 -04- 333 -002
1
Single- family Property
02 -04- 402 -015
1
Townhome Property
02 -04- 333 -003
1
Single- family Property
02 -04- 402 -016
1
Townhome Property
02 -04- 333 -004
1
Single- family Property
02 -04- 402 -017
1
Townhome Property
02 -04- 333 -005
1
Single- family Property
02 -04- 402 -019
1
Townhome Property
02 -04- 333 -006
1
Single- family Property
02 -04- 402 -020
1
Townhome Property
02 -04- 333 -007
1
Single- family Property
02 -04- 402 -021
1
Townhome Property
02 -04- 333 -008
1
Single- family Property
02 -04- 402 -022
1
Townhome Property
02 -04- 333 -009
1
Single- family Property
02 -04- 403 -002
1
Townhome Property
02 -04- 390 -002
16
Condominium Property
02 -04- 403 -003
1
Townhome Property
02 -04- 390 -002
16
Condominium Property
02 -04- 403 -004
1
Townhome Property
02 -04- 390 -003
16
Condominium Property
02 -04- 403 -005
1
Townhome Property
02 -04- 390 -004
16
Condominium Property
02 -04- 403 -006
1
Townhome Property
02 -04- 390 -005
16
Condominium Property
02 -04- 403 -007
1
Townhome Property
02 -04- 390 -006
16
Condominium Property
02 -04- 403 -009
1
Townhome Property
02 -04- 390 -007
16
Condominium Property
02 -04- 403 -010
1
Townhome Property
02 -04- 390 -008
16
Condominium Property
02 -04- 403 -011
1
Townhome Property
02 -04- 390 -009
16
Condominium Property
02 -04- 403 -012
1
Townhome Property
02 -04- 390 -010
16
Condominium Property
02 -04- 403 -014
1
Townhome Property
02 -04- 390 -011
16
Condominium Property
02 -04- 403 -015
1
Townhome Property
02 -04- 390 -012
16
Condominium Property
02 -04- 403 -016
1
Townhome Property
02 -04- 390 -013
16
Condominium Property
02 -04- 403 -017
1
Townhome Property
02 -04- 390 -014
16
Condominium Property
02 -04- 403 -019
1
Townhome Property
02 -04- 390 -015
16
Condominium Property
02 -04- 403 -020
1
Townhome Property
02 -04- 390 -016
16
Condominium Property
02 -04- 403 -021
1
Townhome Property
02 -04- 390 -017
16
Condominium Property
02 -04- 403 -022
1
Townhome Property
02 -04- 400 -013
40
Single- family Property
02 -04- 403 -024
1
Townhome Property
A -4
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NQ: 2005 -109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of
Dwelling Unit
Identification
Number of
Dwelling Unit
Number
Dwellina Units
Tyne
Number
Dwellina Units
Tyne
02 -04- 403 -025
1
Townhome Property
02 -04- 408 -011
1
Single- family Property
02 -04- 403 -026
1
Townhome Property
02 -04- 408 -012
1
Single- family Property
02 -04- 403 -027
1
Townhome Property
02 -04- 408 -013
1
Single- family Property
02 -04- 403 -029
1
Townhome Property
02 -04- 408 -014
1
Single- family Property
02 -04- 403 -030
1
Townhome Property
02 -04- 408 -015
1
Single- family Property
02 -04- 403 -031
1
Townhome Property
02 -04- 408 -016
1
Single- family Property
02 -04- 403 -032
1
Townhome Property
02 -04- 409 -002
1
Single- family Property
02 -04- 403 -033
1
Townhome Property
02 -04- 409 -003
1
Single- family Property
02 -04- 403 -034
1
Townhome Property
02 -04- 409 -004
1
Single- family Property
02 -04- 404 -002
1
Single- family Property
02 -04- 409 -005
1
Single- family Property
02 -04- 404 -003
1
Single- family Property
02 -04- 409 -006
1
Single- family Property
02 -04- 404 -004
1
Single- family Property
02 -04- 409 -007
1
Single- family Property
02 -04- 404 -005
1
Single- family Property
02 -04- 409 -008
1
Single- family Property
02 -04- 404 -006
1
Single- family Property
02 -04- 409 -009
1
Single- family Property
02 -04- 404 -007
1
Single- family Property
02 -04- 409 -010
1
Single- family Property
02 -04- 404 -008
1
Single- family Property
02 -04- 409 -011
1
Single- family Property
02 -04- 404 -009
1
Single- family Property
02 -04- 410 -001
1
Single- family Property
02 -04- 404 -010
1
Single- family Property
02 -04- 410 -002
1
Single- family Property
02 -04- 404 -011
1
Single- family Property
02 -04- 410 -003
1
Single- family Property
02 -04- 404 -012
1
Single- family Property
02 -04- 410 -004
1
Single- family Property
02 -04- 404 -013
1
Single- family Property
02 -04- 410 -005
1
Single- family Property
02 -04- 405 -001
1
Single- family Property
02 -04- 410 -006
1
Single- family Property
02 -04- 405 -002
1
Single- family Property
02 -04- 410 -007
1
Single- family Property
02 -04- 405 -003
1
Single- family Property
02 -04- 410 -008
1
Single- family Property
02 -04- 405 -004
1
Single- family Property
02 -04- 410 -009
1
Single- family Property
02 -04- 406 -003
1
Single- family Property
02 -04- 410 -010
1
Single- family Property
02 -04- 406 -004
1
Single- family Property
02 -04- 410 -011
1
Single- family Property
02 -04- 406 -005
1
Single- family Property
02 -04- 410 -012
1
Single- family Property
02 -04- 406 -006
1
Single- family Property
02 -04- 410 -013
1
Single- family Property
02 -04- 406 -007
1
Single- family Property
02 -04- 411 -001
1
Single- family Property
02 -04- 406 -008
1
Single- family Property
02 -04- 411 -002
1
Single- family Property
02 -04- 406 -009
1
Single- family Property
02 -04- 411 -003
1
Single- family Property
02 -04- 406 -010
1
Single- family Property
02 -04- 411 -004
1
Single- family Property
02 -04- 406 -011
1
Single- family Property
02 -04- 411 -005
1
Single- family Property
02 -04- 407 -002
1
Single- family Property
02 -04- 411 -006
1
Single- family Property
02 -04- 407 -003
1
Single- family Property
02 -04- 411 -007
1
Single- family Property
02 -04- 407 -004
1
Single- family Property
02 -04- 411 -008
1
Single- family Property
02 -04- 407 -005
1
Single- family Property
02 -04- 411 -009
1
Single- family Property
02 -04- 407 -006
1
Single- family Property
02 -04- 411 -010
1
Single- family Property
02 -04- 407 -007
1
Single- family Property
02 -04- 411 -011
1
Single- family Property
02 -04- 407 -008
1
Single- family Property
02 -04- 411 -012
1
Single- family Property
02 -04- 407 -009
1
Single- family Property
02 -04- 411 -013
1
Single- family Property
02 -04- 407 -010
1
Single- family Property
02 -04- 411 -014
1
Single- family Property
02 -04- 408 -001
1
Single- family Property
02 -04- 425 -001
1
Single- family Property
02 -04- 408 -002
1
Single- family Property
02 -04- 425 -002
1
Single- family Property
02 -04- 408 -003
1
Single- family Property
02 -04- 425 -003
1
Single- family Property
02 -04- 408 -004
1
Single- family Property
02 -04- 425 -004
1
Single- family Property
02 -04- 408 -005
1
Single- family Property
02 -04- 426 -001
1
Single- family Property
02 -04- 408 -006
1
Single- family Property
02 -04- 426 -002
1
Single- family Property
02 -04- 408 -007
1
Single- family Property
02 -04- 426 -003
1
Single- family Property
02 -04- 408 -008
1
Single- family Property
02 -04- 426 -004
1
Single- family Property
02 -04- 408 -009
1
Single- family Property
02 -04- 426 -005
1
Single- family Property
02 -04- 408 -010
1
Single- family Property
02 -04- 426 -006
1
Single- family Property
A -5
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005 -109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of
Dwelling Unit
Identification
Number of
Dwelling Unit
Number
Dwellina Units
Tvae
Number
Dwellina_ Units
Tvae
02 -04- 426 -007
1
Single- family Property
02 -04- 451 -017
1
Condominium Property
02 -04- 426 -008
1
Single- family Property
02 -04- 451 -018
1
Condominium Property
02 -04- 426 -009
1
Single- family Property
02 -04- 452 -001
1
Single- family Property
02 -04- 426 -010
1
Single- family Property
02 -04- 452 -002
1
Single- family Property
02 -04- 426 -011
1
Single- family Property
02 -04- 452 -003
1
Single- family Property
02 -04- 426 -012
1
Single- family Property
02 -04- 452 -004
1
Single- family Property
02 -04- 426 -013
1
Single- family Property
02 -04- 452 -005
1
Single- family Property
02 -04- 426 -014
1
Single- family Property
02 -04- 452 -006
1
Single- family Property
02 -04- 426 -015
1
Single- family Property
02 -04- 452 -007
1
Single- family Property
02 -04- 426 -016
1
Single- family Property
02 -04- 452 -008
1
Single- family Property
02 -04- 426 -017
1
Single- family Property
02 -04- 452 -009
1
Single- family Property
02 -04- 427 -002
1
Single- family Property
02 -04- 452 -010
1
Single- family Property
02 -04- 427 -003
1
Single- family Property
02 -04- 452 -011
1
Single- family Property
02 -04- 427 -004
1
Single- family Property
02 -04- 452 -012
1
Single- family Property
02 -04- 427 -005
1
Single- family Property
02 -04- 452 -013
1
Single- family Property
02 -04- 427 -006
1
Single- family Property
02 -04- 452 -014
1
Single- family Property
02 -04- 427 -007
1
Single- family Property
02 -04- 452 -015
1
Single- family Property
02 -04- 427 -008
1
Single- family Property
02 -04- 452 -016
1
Single- family Property
02 -04- 427 -009
1
Single- family Property
02 -04- 452 -017
1
Single- family Property
02 -04- 427 -010
1
Single- family Property
02 -04- 453 -001
1
Single- family Property
02 -04- 427 -011
1
Single- family Property
02 -04- 453 -002
1
Single- family Property
02 -04- 427 -012
1
Single- family Property
02 -04- 453 -003
1
Single- family Property
02 -04- 427 -014
1
Single- family Property
02 -04- 453 -004
1
Single- family Property
02 -04- 427 -015
1
Single- family Property
02 -04- 453 -005
1
Single- family Property
02 -04- 427 -016
1
Single- family Property
02 -04- 453 -006
1
Single- family Property
02 -04- 428 -001
1
Single- family Property
02 -04- 453 -007
1
Single- family Property
02 -04- 428 -002
1
Single- family Property
02 -04- 453 -008
1
Single- family Property
02 -04- 428 -003
1
Single- family Property
02 -04- 454 -005
1
Single- family Property
02 -04- 428 -004
1
Single- family Property
02 -04- 454 -006
1
Single- family Property
02 -04- 428 -005
1
Single- family Property
02 -04- 454 -006
1
Single- family Property
02 -04- 428 -006
1
Single- family Property
02 -04- 454 -007
1
Single- family Property
02 -04- 428 -007
1
Single- family Property
02 -04- 454 -008
1
Single- family Property
02 -04- 428 -008
1
Single- family Property
02 -04- 454 -009
1
Single- family Property
02 -04- 428 -009
1
Single- family Property
02 -04- 476 -001
1
Single- family Property
02 -04- 428 -010
1
Single- family Property
02 -04- 476 -002
1
Single- family Property
02 -04- 428 -011
1
Single- family Property
02 -04- 476 -003
1
Single- family Property
02 -04- 429 -001
1
Single- family Property
02 -04- 476 -004
1
Single- family Property
02 -04- 429 -002
1
Single- family Property
02 -04- 476 -005
1
Single- family Property
02 -04- 429 -003
1
Single- family Property
02 -04- 476 -006
1
Single- family Property
02 -04- 451 -003
1
Condominium Property
02 -04- 476 -007
1
Single- family Property
02 -04- 451 -004
1
Condominium Property
02 -04- 476 -008
1
Single- family Property
02 -04- 451 -005
1
Condominium Property
02 -04- 477 -001
1
Single- family Property
02 -04- 451 -006
1
Condominium Property
02 -04- 477 -002
1
Single- family Property
02 -04- 451 -007
1
Condominium Property
02 -04- 477 -003
1
Single- family Property
02 -04- 451 -008
1
Condominium Property
02 -04- 477 -004
1
Single- family Property
02 -04- 451 -009
1
Condominium Property
02 -04- 477 -005
1
Single- family Property
02 -04- 451 -010
1
Condominium Property
02 -09- 100 -012
104
Townhome Property
02 -04- 451 -011
1
Condominium Property
02 -09- 100 -014
82
Single- family Property
02 -04- 451 -012
1
Condominium Property
02 -09- 100 -014
104
Townhome Property
02 -04- 451 -013
1
Condominium Property
02 -09- 200 -005
101
Single- family Property
02 -04- 451 -014
1
Condominium Property
02 -09- 200 -005
5
Townhome Property
02 -04- 451 -015
1
Condominium Property
02 -09- 200 -010
28
Single- family Property
02 -04- 451 -016
1
Condominium Property
02 -09- 200 -010
102
Townhome Property
A -6
Dwelling Unit
Tyne
Townhome Property
Note: Refer to the "Maximum Parcel Special Tax Schedule" to determine the Maximum Parcel Special Tax for each Parcel Identification Number.
A -7
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005 -109
SPECIAL TAX ROLL
PARCEL IDENTIFICATION NUMBERS
Parcel
Parcel
Identification
Number of Dwelling Unit Identification Number of
Number
Dwellina Units Tyne Number Dwellina Units
02 -09- 400 -007
9 Single- family Property 02 -09- 400 -007 15
Dwelling Unit
Tyne
Townhome Property
Note: Refer to the "Maximum Parcel Special Tax Schedule" to determine the Maximum Parcel Special Tax for each Parcel Identification Number.
A -7
EXHIBIT B
PREPAYMENT OF THE
MAXIMUM PARCEL SPECIAL TAX
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005-109
PREPAYMENT FORMULA
All capitalized terms not defined in this Exhibit B shall have the meaning given to such terms in
the Report.
A. OPTIONAL PREPAYMENT OF THE MAXIMUM PARCEL SPECIAL TAX
Pursuant to Section VI.F of the Report, the Maximum Parcel Special Tax may be prepaid
and permanently satisfied under the conditions set forth therein. The Special Tax Bond
Prepayment is calculated as follows.
1. Prior to the Issuance of any Bonds
The Special Tax Bond Prepayment for Residential Property prior to the issuance
of any Bonds shall equal the amounts shown in Table A -1 below, subject to
changes as described in Section IV.D of the Report. If at the time of the
prepayment, the Parcel intending to prepay is not located within a Final Plat, the
prepayment amount shall be calculated by multiplying the number of expected
single - family, townhome, or condominiums Dwelling Units for such Parcel as
shown on the Preliminary Plat, or applicable Final Plat by the corresponding
prepayment amount per Dwelling Unit for the corresponding land use.
TABLE A -1
2. First Series Property Prior to the Issuance of the Second Series Bonds
Prior to the issuance of the Second Series Bonds, the Special Tax Bond
Prepayment for a Parcel means an amount equal to (a) the sum of (1) Principal,
Special Tax Bond
Prepayment per
Land Use
Dwelling Unit
First Series Property
Single - family Property
$22,977 / DU
Townhome Property
$18,611 / DU
Condominium Property
$15,693 / DU
Second Series Property
i
Single - family Property
$22,977 / DU
Townhome Property
$18,611 / DU
Condominium Property
$15,693 / DU
2. First Series Property Prior to the Issuance of the Second Series Bonds
Prior to the issuance of the Second Series Bonds, the Special Tax Bond
Prepayment for a Parcel means an amount equal to (a) the sum of (1) Principal,
(2) Premium, (3) Defeasance, and (4) Fees and (b) minus (1) the Reserve Fund
Credit and (2) the Capitalized Interest Credit, where the terms "Principal,"
"Premium," " Defeasance," "Fees," 'Reserve Fund Credit," and "Capitalized
Interest Credit" have the following meanings:
"Principal" means the principal amount of Bonds to be redeemed and equals the
quotient derived by dividing (a) the then current Maximum Parcel Special Tax for
the Parcel intending to prepay by (b) the corresponding Maximum Parcel Special
Taxes for First Series Property, (and excluding from (b) that portion of the
Maximum Parcel Special Tax for any Parcel(s) of First Series Property that has
been prepaid), and multiplying the quotient by the principal amount of
outstanding Bonds.
"Premium" means an amount equal to the Principal multiplied by the applicable
redemption premium, if any, for any Bonds so redeemed with the proceeds of any
such prepayment. Any applicable redemption premium shall be as set forth in the
Bond Indenture.
" Defeasance" means the amount needed to pay interest on the Principal to be
redeemed until the earliest redemption date for the outstanding Bonds less any
Maximum Parcel Special Taxes heretofore paid for such Parcel and available to
pay interest on the redemption date for the Bonds.
"Fees" equal the expenses of SSA No. 2005 -109 associated with the Special Tax
Bond Prepayment as calculated by the City or its designee and include, but are not
limited to, the costs of computing the Special Tax Bond Prepayment, the costs of
redeeming the Bonds, and the costs of recording and publishing any notices to
evidence the Special Tax Bond Prepayment and the redemption of Bonds.
"Reserve Fund Credit" shall equal the lesser of the Reserve Fund Requirement
(as such term is defined in the Bond Indenture) and the balance in the Reserve
Fund (as such, term is defined in the Bond Indenture), taking into account any
prepaid Special Tax Bond Prepayments which have yet to be applied to the
redemption of Bonds, multiplied by the quotient used to calculate Principal.
"Capitalized Interest Credit" shall equal the reduction in interest payable on the
Bonds due to the redemption of Principal from the Special Tax Bond Prepayment
from the redemption date for the Bonds redeemed from the Special Tax Bond
Prepayment to the end of the capitalized interest period, as determined by the
Consultant. No capitalized interest credit is given if the redemption date for the
Bonds redeemed from the Special Tax Bond Prepayment is after the capitalized
interest period.
3. Second Series Property Prior to the Issuance of the Second Series Bonds
Prior to the issuance of the Second Series Bonds, the Special Tax Bond
Prepayment amount for a Parcel of Second Series Property shall be calculated
IODD 1
pursuant to the preceding Section A.1.
4. Subsequent to the Issuance of the Second Series Bonds
After the issuance of the Second Series Bonds, the Special Tax Bond Prepayment
amount for a Parcel of First Series Property or Second Series Property shall be
calculated pursuant to the preceding Section A.2 eliminating the reference to First
Series Property when computing Principal.
The amount of any Partial Special Tax Bond Prepayment shall be computed pursuant to
the preceding prepayment formula substituting the portion of the Maximum Parcel
Special Tax to be prepaid for the Maximum Parcel Special Tax when computing
Principal. The amount of any Special Tax Bond Prepayment or Partial Special Tax Bond
Prepayment computed pursuant to this Section A shall not exceed the Bonds plus any
Premium, Defeasance, and Fees as such terms are defined herein.
The sum of the amounts calculated above shall be paid t the City, deposited with the
trustee, and used to pay and redeem Bonds in accordance with the Bond Indenture and to
pay the Fees associated with the Special Tax Bond Prepayment. Upon the payment of the
Special Tax Bond Prepayment amount to the City, the obligation to pay the portion of the
Maximum Parcel Special Tax which is prepaid for such Parcel shall be deemed to be
permanently satisfied, such portion of the Maximum Parcel Special Tax shall not be
collected thereafter from such Parcel, and in the event the entire Maximum Parcel Special
Tax is prepaid a satisfaction of special tax lien for such Parcel shall be recorded within 30
working days of receipt of the Special Tax Bond Prepayment.
B. MANDATORY PREPAYMENT
The Mandatory Special Tax Prepayment amount will be calculated using the applicable
prepayment formula described in Section A above with the following modifications:
• The difference between the Maximum Parcel Special Taxes necessary for the
annual debt service coverage ratio to equal one hundred ten percent (110 %)
and the Maximum Parcel Special Taxes computed pursuant to Section VI.G of
the report shall serve as the numerator when computing Principal;
• The Maximum Parcel Special Taxes necessary for the annual debt service
coverage ratio to equal 110% shall serve as the denominator when computing
Principal;
• References to First Series Property shall be eliminated as applicable; and
• No Reserve Fund Credit will be given.
The amount of any Mandatory Special Tax Prepayment shall not exceed the Bonds plus
any Premium, Defeasance, and Fees as such terms are defined in Section A.2 above.
li
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NO. 2005-109
ALLOCATION OF EARTHWORK AND SOFT COSTS
All capitalized terms not defined in this Exhibit C shall have the meaning given to such terms in
the Report.
The estimated costs for Eligible Improvements presented in Table 1 of the Report include a
portion of soft costs (i.e. costs for engineering, surveying, etc.) and earthwork costs (i.e. costs for
mass grading) attributable to public improvements. Below is a discussion of how the amounts of
eligible soft and earthwork costs were determined for each respective category.
A. SOFT COSTS
The portion of soft costs allocable to public improvements, as shown in Table A -1 on the
following page, is derived by first determining the percentage each public improvement
category represents of the total land development costs. Such percentage is then
multiplied by total soft costs of $3,217,755. The aggregate sum of the public
improvement categories yields total soft costs of $1,345,743 that can be attributed to
public improvements. The $1,345,743 is then allocated to the Residential Property,
School Property, Fire Station Property, and Clubhouse Property according to the usage
factors for each respective improvement category as detailed in Section C of the Report.
The soft costs allocable to the School Property, Fire Station Property, and Clubhouse
Property, or $70,516, are not being funded through SSA No. 2005 -109. The remaining
difference of $1,275,227 of soft costs, which is attributable to the Residential Property, is
not anticipated to be fully funded through SSA No. 2005 -109 as shown in Table A -1 on
the following page.
C -1
TABLE A -1
SOFT COST ALLOCATION
(A) (B) (C) (D) (E) (F)
TOTAL
ALLOCABLE
SOFT COSTS
FOR PUBLIC ESTIMATED SOFT COSTS
IMPROVEMENTS SOFT COSTS ANTICIPATED
PERCENTAGE TO PHASE 1 ALLOCABLE TO BE
OF TOTAL TOTAL PROPERTY AND TO FINANCED BY
IMPROVEMENT IMPROVEMENT ALLOCABLE PHASE 2 RESIDENTIAL SSA NO.
PUBLIC IMPROVEMENT COSTS COSTS SOFT COSTS PROPERTY' PROPERTY 2005 -109
(1) Sanitary Sewer Facilities $3,341,667 5.28% 3 $169,974 s $169,974 $168,382 $150,611
(2) Water Facilities $3,464,049 5.48% 4 $176,199 9 $176,199 $168,717 $150,911
(3) Storm Sewer Facilities $6,607,000 10.44% 5 $336,065 10 $336,065 $315,900 $281,722
(4) Roads $13,044,438 20.62% 6 $663,505 11 $663,505 $622,228 $553,520
(5) Other Land Development $36,799,040 58.17% 7 $1,871,782 12 NA NA NA
Costs
(6) Grand Total 13 $63,256,193 100.00% $3,217,525 $1,345,743 $1,275,227 $1,136,764
1 Phase I Property includes First Series Property, the School Property, the Clubhouse Property, and the Fire Station Property. Phase 2 Property includes only Second Series Property., 2 Excludes all soft
costs allocable to the School Property, Fire Station Property, and Clubhouse Property, 3 Al /A6, 4 A2 /A6, 5 A3 /A6, 6 A4 /A6, 7 A5 /A6, 8 Bl *Cl, 9 B2 *Cl, 10 B3 *Cl, 11 B4 *Cl, 12 B5 *Cl,
13 Amounts may vary due to rounding.
C -2
B. EARTHWORK
Of the $9,967,865 in total land development earthwork costs, the developer's engineer
indicates $1,111,087 relates to grading of a swale /park area for drainage of the project.
Based on the usage factors for allocating storm sewer usage as detailed in Section C of
the Report, approximately $1,045,096 benefits the Residential Property within SSA No.
2005 -109. The remaining $66,711 benefits the School Property, Fire Station Property,
and Clubhouse Property.
The remaining earthwork costs (deducting the earthwork costs of the swale /park area
from the total costs) of $8,856,058 are allocated to public improvements, namely public
right -of -way and detention areas, on an acreage basis. The acreages for such right -of -way
and detention areas are taken as a percentage of the total acreage of the project as shown
in Table B -1 on the following page. Such percentages are then multiplied by the
remaining earthwork costs of $8,856,058 yielding $1,781,037 attributable to the right -of-
way and detention areas. (Note, the acreage of park area is not included as the earthwork
costs of the park are included with the swale area. Furthermore, the project acreage does
not include the detention /wetlands area south of Galena Road. It is expected the City will
finance the development of this area. Such costs of development are not included in the
SSA No. 2005 -109 financing.) The $1,781,037 is then allocated to the Residential
Property, School Property, Fire Station Property, and Clubhouse Property based on the
usage factors outlined in Section C of the Report for each respective improvement use.
The allocation results in $110,602 attributable to the School Property, Fire Station
Property, and Clubhouse Property, and the remaining $1,670,435 attributable to
Residential Property.
Aggregating the earthwork costs for public improvements that are allocable to the School
Property, Fire Station Property, and Clubhouse Property, equals $177,312. The remaining
earthwork costs for public improvements of $2,715,532, which is attributable to the
Residential Property, is not anticipated to be fully funded through SSA No. 2005 -109 as
shown in Table B -2. All earthwork costs associated with the School Property, Fire Station
Property, and the Clubhouse Property are not being funded through SSA No. 2005 -109.
C -3
TABLE B -1
ACREAGE FOR EARTHWORK ALLOCATION
PERCENT OF
LAND USE
ACREAGE'
I TOTAL
Public right -of -way
63.17
19.10%
Private right -of -way
4.38
1.32%
Detention area
3.33
1.01%
School site
14.76
4.46%
Amenity Center
3.61
1.09%
Fire station
2.37
0.72%
Private easements
31.89
9.64%
Other
207.17
62.65%
Grand Total I 330.68 100.00%
'Acreage does not include the detention/wetlands area south of Galena Road, the
swale area, or the park area.
C -4
TABLE B -2
EARTHWORK COST ALLOCATION
(A) (B) (C) (D) (E) (F)
TOTAL
ALLOCABLE
EARTHWORK
COSTS FOR
PUBLIC EARTHWORK
IMPROVEMENTS EARTHWORK COSTS
TOTAL TO PHASE 1 COSTS ANTICIPATED TO
PERCENTAGE ALLOCABLE PROPERTY AND ALLOCABLE TO BE FINANCED BY
OF TOTAL EARTHWORK PHASE 2 RESIDENTIAL SSA NO.
PUBLIC IMPROVEMENT ACREAGE ACREAGE COSTS PROPERTY' PROPERTY' 2005 -109
Storm Sewer Facilities
(1) Swale Area/Park Area NA NA $1,111,807 $1,111,807 $1,045,096 $876,101
(2) Other Detention Areas 3.33 1.01 % $89,129 $89,129 $83,781 $70,234
(3) Roads 63.17 19.10 % $1,691,908 $1,691,908 $1,586,654 $1,411,451
(4) Other Acreage 264.18 79.89 % $7,075,021 NA NA $0
(5) Grand Total 10 330.68 100.00% $9,967,865 $2,892,844 $2,715,532 $2,357,785
1 Phase 1 Property includes First Series Property, the School Property, the Clubhouse Property, and the Fire Station Property. Phase 2 Property includes only Second Series Property.,
' Excludes all earthwork costs allocable to the School Property, Fire Station Property, and Clubhouse Property, 3 A2 /A5, 4 A3 /A5, 5 A4 /A5, 6 Per the developer's engineer,
7 B2 *$8,856,058, 8 B3 *$8,856,058, 9 B4 *$8,856,058, 10 Amounts may vary due to rounding.
C -5