Ordinance 2017-67 DEC 15 2017
UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO.2017-67
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004-107
(RAINTREE VILLAGE II PROJECT)
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This 280'day of November,2017
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on December 11,2017.
ORDINANCE NO. 2017-
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004-107
(RAINTREE VILLAGE II PROJECT)
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE,KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. It is found and declared by the City Council of the United City of
Yorkville, Kendall County, Illinois(the"City"), as follows:
(a) The City Council of the City adopted Ordinance No. 2005-91 on
November 22, 2005 (the "Bond Ordinance") which: (i)provided for the issuance of not
to exceed $10,000,000 of Special Service Area Number 2004-107 Special Tax Bonds,
Series 2005 (Raintree Village II Project) (the "Bonds'), of the United City of Yorkville,
which were issued in the original principal amount of $9,400,000 for the purpose of
paying for the costs of certain improvements benefiting the Special Service Area Number
2004-107 (the "Special Service Area"); and (ii)provided for the levy of a Special Tax
upon all taxable property within the Special Service Area sufficient to pay the principal
of the Bonds for each year at maturity or mandatory sinking fund redemption dates and to
pay interest and Administrative Expenses of the Special Service Area for each such year.
The Bond Ordinance also authorized the City to abate the taxes levied pursuant to such
Ordinance to the extent the taxes levied exceeded the Special Tax Requirement (as
defined in the Bond Ordinance) as calculated pursuant to the Special Service Area
Number 2004-107 Special Tax Roll and Report (the "Special Tax Report") prepared by
David Taussig& Associates, Inc. (the"Consultant").
Ordinance No.2017-All
Page 2
(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2017 for the Bonds is $798,930.00 and
the 2017 Levy for Special Taxes is $798,930.00.
Section 2. Of the $806,454.00 of Special Taxes levied for calendar year 2017
pursuant to Section 6 of the Bond Ordinance $7,524.00 of such Special Taxes is hereby abated
resulting in a 2017 calendar year levy of$798,930.00.
Section 3. It is the duty of the County Clerk of Kendall County to abate those taxes
as provided in Section 2 of this Ordinance.
Section 4. The City Council of the City hereby approves the United City of Yorkville
Special Service Area Number 2004-107 Administration Report Levy Year 2017 dated November
8, 2017 prepared by David Taussig& Associates, Inc. and the 2017 Amended Special Tax Roll
attached to such report with such changes therein as are deemed necessary by the Mayor and the
City's consultant to reflect any changes in final parcel identification numbers.
Section 5. All ordinances, resolutions and orders or parts of ordinances, resolutions
and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
Clerk shall cause this Ordinance to be published in pamphlet form. This Ordinance shall be in
full force and effect after passage and publication as provided by law.
Passed b the City Co cil of the United City of Yorkville, Kendall County, Illinois, this
d '3""
ay of vet A.D. 2017.
1
CARLO COLOSIMO f KEN KOCH
JACKIE MILSCHEWSKI ARDEN JOE PLOCHER
CHRIS FUNKHOUSER JOEL FRIEDERS
SEAVER TARULIS ALEX HERNANDEZ T
Ordinance No.2017-U I
Page 3
Approved this day of DEC EM 6E)) , 2017.
ayor
At-test:
City Clerk
Ordinance No.201741
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