Ordinance 2020-02 i
I
UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO.2020-02
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2004-107
(RAINTREE VILLAGE II PROJECT)
i
i
I
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This 141 day of January,2020
STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
JAN 2 4 2020
COUNTY CLERK
Published in pamphlet form by the KENDALL COUNTY
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on January 23,2020.
ORDINANCE NO. 2020-02
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.2020-02
Page 2
i
I
(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2019 for the Bonds is $823,066.00 and
the 2019 Levy for Special Taxes is $823,066.00.
Section 2. Of the$830,818.00 of Special Taxes levied for calendar year 2019 pursuant
to Section 6 of the Bond Ordinance $7,752.00 of such Special Taxes is hereby abated resulting in
a 2019 calendar year levy of$823,066.00.
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 Trustee's Report Levy Year 2019 dated November 5,
2019 prepared by David Taussig & Associates, Inc. and the 2019 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 I
and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
Clerk shall cause this Ordinance to be published in pamphlet form. This Ordinance shall be in full
force and effect after passage and publication as provided by law.
Ordinance No.2020-02
Page 3
PASSED by the City Council of the City this January 14, 2020.
KEN KOCH AYE DAN TRANSIER AYE
JACKIE MILSCHEWSKI AYE ARDEN JOE PLOCHER AYE
CHRIS FUNKHOUSER AYE JOEL FRIEDERS AYE
JASON PETERSON AYE SEAVER TARULIS AYE
City ClerkJ
SIGNED by the Mayor this January o?Q , 2020.
J
Mayor
ATTEST:
City Clerk
Published in pamphlet form J-Av-1 U AP.Y -R,3, 2020.
Ordinance No.2020-02
Page 4