HomeMy WebLinkAboutORDINANCE - 1590 - 8/23/1983 - INDUSTRIAL REVENUE BONDSORDINANCE NO. 1590
AN ORDINANCE AMENDING ORDINANCE NO. 1486
(THE ENABLING ORDINANCE FOR INDUSTRIAL
REVENUE BONDS) BY AMENDING THEREIN THE
LEGISLATIVE DECLARATION OF PURPOSE
BE IT ORDAINED, by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and
DUPage, Illinois as follows:
Section 1: That Section 3 - Legislative Declaration of
Purpose of Ordinance 1486, which Ordinance was duly passed and
approved on the 13th day of October, 1931, be and the same is
hereby amended to read as follows:
Section 3: Legislative Declaration of Purpose.
It is hereby determined and declared that the purpose
of this Ordinance is to provide a financing device
which will aid in financing the cost of projects in order
to relieve conditions of unemployment, maintain existing
levels of employment, increase the tax base of the Village,
provide beneficial and advantageous methods of refinancing,
assist in the acquisition of property in the best interest
of the Village and/or to encourage the increase of quality
industry and commerce within the Village, thereby reducing
the evils attendant upon unemployment and to provide
for the increased welfare and prosperity of the residents
of the Village. It is hereby further determined and
declared to be the purpose of this Article to provide a
financing device which will aid in financing the cost
of pollution control facilities in order to eliminate,
abate or reduce the serious dangers to the public health
and welfare caused by environmental pollution. These
are hereby declared and determined to be public purposes
and functions pertaining to the government and affairs
of the Village and such public purpose shall include
such other endeavors as the President and Board of
Trustees deem in the best interest of the Village.
Section 2: That all other provisions of the Enabling
Ordinance (Ordinance 1486) shall be in full force and effect.
Section 3: That this Ordinance shall be in full force
and effect from and after its passage, approval and publication
as provided by law. The Village Clerk is hereby authorized
to publish this Ordinance in pamphlet form.
VOTES:
AYES:
6
NAYS: 0
ABSENT: 0
APPROVED:
Charles J. Zettek
ATTEST:
Village President
Ilafern Snick
Acting village Clerk
PASSED
this 23rd
day
of August
1983.
APPROVED
this-77r-T—day
of August
1983.
PUBLISHED
this 31st
day
of August
1983,
in pamphlet form.