Ordinance 2023-51 UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2023-51
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 28th day of November,2023
STATE OF ILLINOIS
COUNTY OF KENDALL
Published in pamphlet form by the - FILED
authority of the Mayor and City Council DEC 0 6 2023
of the United City of Yorkville, Kendall /�/�
County, Illinois on December 5,2023. ,1�, couNTrCLERK
A � KENDALLCOUNTY
Ordinance No. 2023-51
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 DTA, Inc. (the "Consultant").
(b) Pursuant to the Special Tax Report, the Consultant of the City has
determined that the Special Tax Requirement for 2023 for the Bonds is $483,339.16 and the 2023
Levy for Special Taxes is $483,339.16.
Ordinance No.2023-51
Page 2
Section 2. Of the $3,050,779.00 of Special Taxes levied for calendar year 2023
pursuant to Section 6 of the Bond Ordinance $2,567,439.84 of such Special Tax is hereby abated
resulting in a 2023 calendar year levy of$483,339.16.
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 2023 dated November
20, 2023, prepared by DTA, Inc. and the 2023 Amended Special Tax Roll attached to such report
with such changes therein as are deemed necessary by the Mayor and the City's consultant to
reflect any changes in final parcel identification numbers.
Section 5. All ordinances, resolutions and orders or parts of ordinances, resolutions
and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
Clerk shall cause this Ordinance to be published in pamphlet form. This Ordinance shall be in full
force and effect after passage and publication as provided by law.
Ordinance No.2023-51
Page 3
PASSED by the City Council of the City this November 28, 2023.
KEN KOCH AYE DAN TRANSIER AYE
ARDEN JOE PLOCHER AYE CRAIG SOLING AYE
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS AYE RUSTY CORNEILS AYE
g..em,e,(4
City Clerk
SIGNED by the Mayor this 0CCC '11O a I , 2023.
Mayor
ATTEST:
City Clerk
Published in pamphlet form ( •e r►i r I , 2023.
Ordinance No.2023-51
Page 4