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HomeMy WebLinkAboutORDINANCE - 3734 - 12/14/2021 - 2021 Property Tax Levied, Bonds 2021ORDINANCE NO.3734 AN ORDINANCE ABATING A PORTION OF THE 2021 PROPERTY TAXES LEVIED FOR CERTAIN TAXABLE GENERAL OBLIGATION BONDS, SERIES 2021, OF THE VILLAGE OF ELK GROVE VILLAGE, ILLINOIS BE IT ORDAINED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois as follows: Section 1: That the County Clerks of Cook and DuPage Counties, are hereby authorized and directed to abate $848,595 from the taxes levied for 2021 in Ordinance No. 3696, duly passed and approved on the 23rd day of March, 2021, which Ordinance provided for the issuance of $43,715,000 dollars Taxable General Obligation Bonds, Series 2021, of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois. Section 2: That the Village Clerk is hereby authorized and directed to file a certified copy of this Ordinance with the County Clerks of Cook and DuPage, Counties, Illinois prior to December 31, 2021. Section 3: That the Village Clerk is hereby authorized to publish this Ordinance in pamphlet form. Section 4: That this Ordinance shall be in full force and effect from and after its passage, approval and publication according to law. VOTE: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 141h day of December 2021. APPROVED this 14th day of December 2021. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Loretta M. Murphy, Village Clerk PUBLISHED in pamphlet form this 16th day of December 2021. _021 Ab teG0Bcnid2 C'' 1 NOTICE OF PROPOSED PROPERTY TAX INCREASE FOR THE VILLAGE OF ELK GROVE VILLAGE I. A public hearing to approve a proposed property tax levy for the Village of Elk Grove Village, including the Public Library, for the year 2021 will be held on December 14, 2021 at 6:45 p.m. at the Charles J. Zettek Municipal Building, 901 Wellington Avenue, Elk Grove Village, Illinois. Any person desiring to appear at the public hearing and present testimony may contact Christine Tromp, Director of Finance, 901 Wellington Avenue, Elk Grove Village at (847) 439-3900. Il. The corporate and special purpose property taxes extended or abated for 2020 were $21,712,061. The proposed corporate and special purpose property taxes to be levied for 2021 are $23,791,045. This represents a 9.58% increase over the previous year. III. The property taxes extended for debt service and public building commission leases for 2020 were $3,961,624. The estimated property taxes to be levied for debt service and public building commission leases for 2021 are $3,968,580. This represents a .18% increase over the previous year. IV. The total property taxes extended or abated for 2020 were $25,673,685. The estimated total net property taxes to be levied for 2021 for the Village and the Library are $27,759,625. This represents a 8.12% increase over the previous year. Christine Tromp Director of Finance Published in the Daily Herald on December 1, 2021.