HomeMy WebLinkAboutORDINANCE - 2394 - 11/15/1994 - TAX ABATEMENT,jRDINANCE NO. 2394
AN ORDINANCE ABATING A PORTION OF THE 1994 PROPERTY
TAX LEVY FOR CERTAIN GENERAL OBLIGATION BONDS FOR
SERIES 1987 and SERIES 1989
NOW, THEREFORE, BE IT ORDAINED by the President and Board of
Trustees of the Village of Elk Grove Village, counties of Cook
and DuPage, Illinois, to abate a portion of the 1994 Property Tax
Levy as follows:
Section 1: That the County Clerks of Cook & DuPage Counties,
are hereby authorized and directed to abate $727,375 from the 1994
taxes levied in Section 10 of Ordinance No. 1930, providing for the
issuance of $5,000,000 General Obligation Bonds, Series 1987 (HELP)
of the Village of Elk Grove Village, as amended by "Notification of
Sale and Direction for Abatement of Taxes" a copy of which was filed
with each of said County Clerks in December, 1987.
Section 2: That the County Clerks of Cook & DuPage Counties, are
hereby authorized and directed to abate $484,131 from the 1994 taxes
levied in Ordinance No. 2048, an ordinance providing for the issuance
of $10,000,000 General Obligation Bonds, Series 1989, of the Village of
Elk Grove Village, Counties of Cook and DuPage Counties,Illinois.
Section 3: 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 27,1994.
Section 4: That the Village Clerk is hereby authorized to
publish this ordinance in pamphlet form.
Section 5: That this ordinance shall be in full force and effect
from and after its passage, approval and publication according to law.
VOTE: AYE: 6
Passed the 15th
Approved this 15th
Attest:
Patricia S. Smith
Village Clerk
NAY: 0 ABSENT: 0
day of November
day of November
1994.
1994.
Dennis J. Gallitano
Village President