Ordinance 2008-106 STATE OF ILLINOIS
COUNTY OF KENDALL
ORDINANCE NO. FILED -
ORDINANCE ABATING SPECIAL SERVICE AREA TAXES DEC 19 2008
FOR SPECIAL SERVICE AREA NUMBER 2003 -101k �J COUNTY CLERK
(WINDETT RIDGE PROJECT) AND KENDALL COUNTY
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 -57 on
August 12, 2003 (the " Bond Ordinance ") which: (i) provided for the issuance of
$6,900,000 of Special Service Area Number 2003 -101 Special Tax Bonds, Series 2003
(Windett Ridge 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 -101 (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 ").
(b) Pursuant to the Special Tax Roll, the Consultant of the City has
determined (i) that the Special Tax Requirement for 2008 for the Bonds is $453,105 and
the 2008 Levy for Special Taxes is $453,105 (which complies with the Kendall County
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tax billing requirement of rounding the per parcel special tax up to the nearest even cent
on single family property).
Section 2. Of the $580,869 of Special Taxes levied for calendar year 2008 pursuant
to Section 6 of the Bond Ordinance $127,764 of such Special Taxes is hereby abated resulting in
a 2008 calendar year levy of $453,105.
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 -101 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.
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PASSED by the City Council of the City this December 2008.
Voting Aye (list names): t4z. WV.)v.)yjS
Voting Nay (list names):
Abstaining (list names):
Absent (list names):
ity Clerk
SIGNED by the Mayor this December =1 , 2008.
F
Mayor
ATTEST:
Cit Jerk
Published in pamphlet form December �, 2008.
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