Ordinance 2018-73 STATE Of iLL01W5
CORN E LE NDALL
DEC 19 2018
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO.2018-73
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004-104
CENTRAL GRANDE RESERVE AND
APPROVING THE AMENDED SPECIAL TAX ROLL
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This 27`"day of November,2018
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on December 4,2018.
Ordinance No. 2018- 3
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004-104
CENTRAL GRANDE RESERVE AND
APPROVING THE AMENDED SPECIAL TAX ROLL
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. It is found and declared by the City Council of the United City of
Yorkville, Kendall County, Illinois (the"City"), as follows:
(a) The City Council of the City adopted Ordinance No. 2004-61 on October
26, 2004 (the "Bond Ordinance") which: (i) provided for the issuance of Special Service Area
Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande
Reserve Project) (the "Bonds"), of the United City of Yorkville, for the purpose of paying for the
costs of certain improvements benefiting the Special Service Area Number 2004-104 Central
Grande Reserve (the "Special Service Area"); and (ii) provided for the levy of Special Taxes
upon all taxable property within the Special Service Area sufficient to pay the principal of the
Bonds for each year at maturity or mandatory sinking fund redemption dates and to pay interest
and Administrative Expenses of the Special Service Area for each such year. The Bond
Ordinance also authorized the City to abate the taxes levied pursuant to such Ordinance to the
extent the taxes levied exceeded the Special Tax Requirement (as defined in the Bond
Ordinance) as calculated pursuant to the Special Service Area Number 2004-104 Special Tax
Roll and Report (the "Special Tax Report") prepared by David Taussig & Associates, Inc. (the
"Consultant").
Ordinance No.2018- 73
Page 2
(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2018 for the Bonds is $455,066.40 and the
2018 Levy for Special Taxes is $455,066.40.
Section 2. Of the $2,831,756.00 of Special Taxes levied for calendar year 2018
pursuant to Section 6 of the Bond Ordinance $2,376,689.60 of such Special Tax is hereby abated
resulting in a 2018 calendar year levy of$455,066.40.
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 2004-104 Administration Report Levy Year 2018 dated November
5, 2018 prepared by David Taussig& Associates, Inc. and the 2018 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 by the City Council of the United City of Yorkville, Kendall County, Illinois, this
day of ;(���'✓� � (,�, A.D. 2018.
L �
CARLO COLOSIMO KEN KOCH
JACKIE MILSCHEWSKI ARDEN JOE PLOCHER
CHRIS FUNKHOUSER JOEL FRIEDERS
SEAVER TARULIS JASON PETERSON
Ordinance No.2018- 73
Page 3
Approved this .3 day of bEC EM 13E K , 2018.
AV Mayor
Attest:
City Clerk
Ordinance No.2018- 7 3
Page 4