Ordinance 2024-64 UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2024-64
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003-100
(RAINTREE VILLAGE PROJECT)AND
APPROVING THE AMENDED SPECIAL TAX ROLL
Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 26th day of November, 2024
STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
Published in pamphlet form by the D E C 1 0 2024
authority of the Mayor and City Council 414 COUNTY CLERK
of the United City of Yorkville,Kendall e� KENDALL COUNTY
County, Illinois on December 3, 2024.
Ordinance No. 2024-64
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003-100
(RAINTREE VILLAGE PROJECT) 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. 2003-55 on August 12,
2003 (the"Bond Ordinance")which: (i)provided for the issuance of$7,150,000 of Special
Service Area Number 2003-100 Special Tax Bonds, Series 2003 (Raintree Village 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 2003-100(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 Tax Roll and Report for the Special
Service Area(the "Special Tax Roll")prepared by DTA, Inc. (the "Consultant").
(b) Pursuant to the Special Tax Roll, the Consultant of the City has determined •
that the Special Tax Requirement for 2024 for the Bonds is$558,512.16 and the 2024 Levy
for Special Taxes is $558,512.16 (which complies with the Kendall County tax billing
Ordinance No.2024-64
Page 2
requirement of rounding the per parcel special tax up to the nearest even cent on single
family property).
Section 2. Of the$697,360.00 of Special Taxes levied for calendar year 2024 pursuant
to Section 6 of the Bond Ordinance $138,847.84 of such Special Taxes is hereby abated resulting
in a 2024 calendar year levy of$558,512.16.
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 2003-100 Administration Report Levy Year 2024 dated November
12, 2024, prepared by DTA, Inc. and the 2024 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.2024-64
Page 3
PASSED by the City Council of the City this November 26, 2024.
KEN KOCH AYE DAN TRANSIER AYE
ARDEN JOE PLOCHER AYE CRAIG SOLING ABSENT
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS AYE RUSTY CORNEILS AYE
cii6ce
City Clerk
SIGNED by the Mayor this DeCff'J1 r a. , 2024.
Mayor
ATTEST:
City Clerk
Published in pamphlet form DfCei'r1I3er 3 , 2024.
STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
DEC 10 2024
Am; COUNTYDALL00 CLERKNT
L.1� KEN0Y
Ordinance No.2024-64
Page 4