Ordinance 2008-104 STATE OF ILLINOIS
COUNTY OF KENDALL
ORDINANCE NO. a00% ()LA - FILED -
ORDINANCE ABATING SPECIAL SERVICE AREA TAXE S PEC 19 2008 , �
FOR SPECIAL SERVICE AREA NUMBER 2003% ✓ 4 �" J KENDALL C CLERK
(R 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 " 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
David Taussig & Associates, Inc. (the "Consultant ").
(b) Pursuant to the Special Tax Roll, the Consultant of the City has
determined that the Special Tax Requirement for 2008 for the Bonds is $482,088 and the
CH 12_799703.2
2008 Levy for Special Taxes is $482,088 (which complies with the Kendall County tax
billing requirement of rounding the per parcel special tax up to the nearest even cent on
single family property).
Section 2. Of the $605,824 of Special Taxes levied for calendar year 2008 pursuant
to Section 6 of the Bond Ordinance $123,736 of such Special Taxes is hereby abated resulting in
a 2008 calendar year levy of $482,088.
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 Amended Special Tax Roll and Explanation of the
Methodology to Amend the Special Tax Roll for calendar year 2008 prepared by David Taussig
& Associates, Inc. for the Special Service Area dated November 20, 2008 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.
2
CH12_799703.2
PASSED by the City Council of the City this December 9 , 2001
Voting Aye (list names QQc,1A.-
Voting Nay (list names)
Abstaining (list names):
Absent (list names):
� ity Clerk
SIGNED by the Mayor this December q , 2008.
Mayor
ATTEST:
'ty Clerk
Published in pamphlet form December q, 2008.
3
CH12 799703:2