2004-017ORDINANCE NO. 2004- 17
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 1st day of December, 2003 pass and approve Ordinance No. 2003 -78, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2003 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $10,385,583.00, a certified copy
of which was filed with the County Clerks of Cook and Lake Counties, Illinois and;
WHEREAS, the Village has sufficient funds on hand to pay either a portion, or the entire amount, of the taxes
levied in certain sections, as identified below, of Ordinance No. 2003 -78 the fiscal year commencing May 1st, 2003.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS the following:
Section 1. Section 2 provided for the levy of a direct tax on all property in the Village for the year 2003 for
General Corporate purposes in an amount equal to $5,475,850.00 and the Village has sufficient funds on hand to pay
$283,263.00 of the amount levied for the fiscal year commencing May 1st, and the levy of the entire $5,475,850.00 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to
levy only $5,192,587.00 and abate and not spread the sum of $283,263.00 hitherto provided for and levied for general
corporate purposes of the Village of Buffalo Grove as part of Village Ordinance No. 2003 -78, Section 2, passed and
approved on December 1, 2003.
Section 2. Section 7 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2001 -A issued to fund
the construction of certain capital facilities at the Arboretum Golf Club (maintenance building and clubhouse), in the
Village of Buffalo Grove in an amount equal to $235,842.50 and the Village has sufficient funds on hand to pay
$119,000.50 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$235,842.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$116,842.00 and abate and not spread the sum of $119,000.50 hitherto provided for and levied in the ordinance
providing for the issuance of $4,500,000 of Corporate Purpose General Obligation Bonds - Series 2001 -A of the Village
of Buffalo Grove, being Ordinance No. 2001 -08, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
. Section 3. Section 8 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2001 -B issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1992
(facilities development), Series 1994 (facilities development -Metra station) and Series 1995 (street maintenance), in the
Village of Buffalo Grove in an amount equal to $575,605.00 and the Village has sufficient funds on hand to pay
$299,300.00 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$575,605.00 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$276,305.00 and abate and not spread the sum of $299,300.00 hitherto provided for and levied in the ordinance
providing for the issuance of $5,485,000 of Corporate Purpose General Obligation Bonds - Series 2001 -B of the Village
of Buffalo Grove, being Ordinance No. 2001 -09, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 4. Section 9 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2002 -A issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1993 -A
(facilities development - general [Series 1986] and Arboretum Golf Course Development [Series 1987]) in the Village
of Buffalo Grove in an amount eq�:al to $674,400.00 and the Village has sufficient funds on hand to pay $463,365.00
of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire $674,400.00 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$211,035.00 and abate and not spread the sum of $463,365.00 hitherto provided for and levied in the ordinance
providing for the issuance of $3,075,000 of Corporate Purpose General Obligation Bonds - Series 1998 of the Village of
Buffalo Grove, being Ordinance No. 2002 -06, passed and approved on January 21, 2002, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 5. Section 10 provided for the levy of a direct tax on all property in the Village for the year 2003 for
the repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2002 -B issued to fund
the construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the
Village of Buffalo Grove in an amount equal to $147,615.00 and the Village has sufficient funds on hand to pay
$147,615.00 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$147,615.00 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$0.00 and abate and not spread the sum of $147,615.00 hitherto provided for and levied in the ordinance providing for
the issuance of $1,000,000 of Corporate Purpose General Obligation Bonds - Series 2002 -B of the Village of Buffalo
Grove, being Ordinance No. 2002 -11, passed and approved on February 19, 2002, certified copies of which were filed
with the County Clerks of Cook and Lake Counties, Illinois.
Section 6. Section 11 provided for the levy of a direct tax on all property in the Village for the year 2003 for
the repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2003 issued to fund
the construction of certain capital improvements (street and highway commitments), in the Village of Buffalo Grove in
an amount equal to $279,709.50 and the Village has sufficient funds on hand to pay $170,000.50 of the amount of the
tax levied for the fiscal year commencing May 1st, and the levy of the entire $279,709.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$109,709.00 and abate and not spread the sum of $170,000.50 hitherto provided for and levied in the ordinance
providing for the issuance of $2,600,000 of Corporate Purpose General Obligation Bonds - Series 2003 of the Village of
Buffalo Grove, being Ordinance No. 2003 -23, passed and approved on March 17, 2003, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 7. The following represents a summary of the amounts levied and, if applicable, abated for the year
2003 as part of Village Ordinance No. 2003 -78:
Levy
Corporate Purpose
Illinois Municipal
Retirement Fund
Police Pension
Fire Pension
Corporate Purpose Bonds
Series 2001 -A
Corporate Purpose Bonds
Series 2001 -B
Corporate Purpose Bonds
Series 2002 -A
Corporate Purpose Bonds
Series 2002 -B
Corporate Purpose Bonds
Series 2003
Total
Section
Levy
Abatement
Net Levy
2
$ 5,475,850
$ 283,263
$ 5,192,587
3
1,046,695
0
1,046,695
4
984,482
0
984,482
5
965,384
0
965,384
7
235,843
119,001
116,842
8
575,605
299,300
276,305
9
674,400
463,365
211,035
10
147,615
147,615
0
11
279,709
170,000
109,709
$10,385,583
$ 1,482,544
$8,903,039
Section 8. The Village Clerk is hereby authorized and directed to file a certified copy of this ordinance with the
County Clerks of Cook and Lake Counties, Illinois.
Section 9. This ordinance shall be in full force and effect from and after its passage and approval in the manner
provided by law. This ordinance shall not be codified.
AYES: 6 — Braiman, Glover, Berman, Johnson, Kahn, Trilling
NAYES: 0 - None
ABSENT: 0 - None
PASSED: January 6, 2004 APPROVED: January6, 2004
it age President
ATTEST:
Vill Jerk
STATE OF ILLINOIS )
ss.
COUNTY OF COOK )
CERTIFICATE
I, Janet M. Sirabian, certify that I am the duly elected
and acting Village Clerk of the Village of Buffalo
Grove, Cook and Lake Counties, Illinois.
I further certify that on January 5, 2004 the
Corporate Authorities of the Village passed and
approved Ordinance No. 2004 -17 entitled: AN
ORDINANCE ABATING TAXES LEVED FOR
THE VILLAGE OF BUFFALO GROVE, COOK
AND LAKE COUNTIES, ILLINOIS which provided
by its terms that it should be published in pamphlet
form.
The pamphlet form of Ordinance No. 2004 -17
including the Ordinance and a sheet thereof, was
prepared, and a copy of such Ordinance was posted
in and at the Village Hall, commencing January 6,
2004 and continuing for at least ten days thereafter.
Copies of such Ordinance were also available for
public inspection upon request in the Office of
Village Clerk.
Dated at Buffalo Grove, Illinois, this 6th day of
January, 2004.
V' ge Clerk
By
f
ORDINANCE NO. 2004- 17
AN ORDINANCE ABATING TAXES LEVIED FOR THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
WHEREAS, the Village did on the 1st day of December, 2003 pass and approve Ordinance No. 2003 -78, which
ordinance provided for the levy of a direct tax on all property in the Village for the year 2003 for general corporate,
pension and debt service purposes in the Village of Buffalo Grove, in the amount of $10,385,583.00, a certified copy
of which was filed with the County Clerks of Cook and Lake Counties, Illinois and;
WHEREAS, the Village has sufficient funds on hand to pay either a portion, or the entire amount, of the taxes
levied in certain sections, as identified below, of Ordinance No. 2003 -78 the fiscal year commencing May 1st, 2003.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS the following:
Section 1. Section 2 provided for the levy of a direct tax on all property in the Village for the year 2003 for
General Corporate purposes in an amount equal to $5,475,850.00 and the Village has sufficient funds on hand to pay
$283,263.00 of the amount levied for the fiscal year commencing May 1st, and the levy of the entire $5,475,850.00 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to
levy only $5,192,587.00 and abate and not spread the sum of $283,263.00 hitherto provided for and levied for general
corporate purposes of the Village of Buffalo Grove as part of Village Ordinance No. 2003 -78, Section 2, passed and
approved on December 1, 2003.
Section 2. Section 7 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2001 -A issued to fund
the construction of certain capital facilities at the Arboretum Golf Club (maintenance building and clubhouse), in the
Village of Buffalo Grove in an amount equal to $235,842.50 and the Village has sufficient funds on hand to pay
$119,000.50 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$235,842.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$116,842.00 and abate and not spread the sum of $119,000.50 hitherto provided for and levied in the ordinance
providing for the issuance of $4,500,000 of Corporate Purpose General Obligation Bonds - Series 2001 -A of-the Village
of Buffalo Grove, being Ordinance No. 2001 -08, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 3. Section 8 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2001 -B issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1992
(facilities development), Series 1994 (facilities development -Metra station) and Series 1995 (street maintenance), in the
Village of Buffalo Grove in an amount equal to $575,605.00 and the Village has sufficient funds on hand to pay
$299,300.00 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$575,605.00 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$276,305.00 and abate and not spread the sum of $299,300.00 hitherto provided for and levied in the ordinance
providing for the issuance of $5,485,000 of Corporate Purpose General Obligation Bonds - Series 2001 -B of the Village
of Buffalo Grove, being Ordinance No. 2001 -09, passed and approved on March 5, 2001, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 4. Section 9 provided for the levy of a direct tax on all property in the Village for the year 2003 for the
repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2002 -A issued for the
purpose of advance refunding certain maturities of the Corporate Purpose General Obligation Bonds Series 1993 -A
(facilities development - general [Series 1986] and Arboretum Golf Course Development [Series 1987]) in the Village
of Buffalo Grove in an amount equal to $674,400.00 and the Village has sufficient funds on hand to pay $463,365.00
of the amount of the tax levied for the fiscal year commencing May 1 st, and the levy of the entire $674,400.00 is
unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
r
z
$211,035.00 and abate and not spread the sum of $463,365.00 hitherto provided for and levied in the ordinance
providing for the issuance of $3,075,000 of Corporate Purpose General Obligation Bonds - Series 1998 of the Village of
Buffalo Grove, being Ordinance No. 2002 -06, passed and approved on January 21, 2002, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 5. Section 10 provided for the levy of a direct tax on all property in the Village for the year 2003 for
the repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2002 -B issued to fund
the construction of certain capital facilities at the Arboretum Golf Club (maintenance building and club house), in the
Village of Buffalo Grove in an amount equal to $147,615.00 and the Village has sufficient funds on hand to pay
$147,615.00 of the amount of the tax levied for the fiscal year commencing May 1st, and the levy of the entire
$147,615.00 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$0.00 and abate and not spread the sum of $147,615.00 hitherto provided for and levied in the ordinance providing for
the issuance of $1,000,000 of Corporate Purpose General Obligation Bonds-Series 2002 -B of the Village of Buffalo
Grove, being Ordinance No. 2002 -11, passed and approved on February 19, 2002, certified copies of which were filed
with the County Clerks of Cook and Lake Counties, Illinois.
Section 6. Section 11 provided for the levy of a direct tax on all property in the Village for the year 2003 for
the repayment of principal and interest on the Corporate Purpose General Obligation Bonds - Series 2003 issued to fund
the construction of certain capital improvements (street and highway commitments), in the Village of Buffalo Grove in
an amount equal to $279,709.50 and the Village has sufficient funds on hand to pay $170,000.50 of the amount of the
tax levied for the fiscal year commencing May 1st, and the levy of the entire $279,709.50 is unnecessary.
Therefore, the Village hereby authorizes and directs the County Clerks of Cook and Lake Counties, Illinois to levy only
$109,709.00 and abate and not spread the sum of $170,000.50 hitherto provided for and levied in the ordinance
providing for the issuance of $2,600,000 of Corporate Purpose General Obligation Bonds - Series 2003 of the Village of
Buffalo Grove, being Ordinance No. 2003 -23, passed and approved on March 17, 2003, certified copies of which were
filed with the County Clerks of Cook and Lake Counties, Illinois.
Section 7. The following represents a summary of the amounts levied and, if applicable, abated for the year
2003 as part of Village Ordinance No. 2003 -78:
Levv
Corporate Purpose
Illinois Municipal
Retirement Fund
Police Pension
Fire Pension
Corporate Purpose Bonds
Series 2001 -A
Corporate Purpose Bonds
Series 2001 -B
Corporate Purpose Bonds
Series 2002 -A
Corporate Purpose Bonds
Series 2002 -B
Corporate Purpose Bonds
Series 2003
Total
Section
Levy
Abatement
Net Levy
2
$ 5,475,850
$ 283,263
$ 5,192,587
3
1,046,695
0
1,046,695
4
984,482
0
984,482
5
965,384
0
965,384
7
235,843
119,001
116,842
8
575,605
299,300
276,305
9
674,400
463,365
211,035
10
147,615
147,615
0
11
279,709
170,000
109,709
$10,385,583
$ 1,482,544
$8,903,039
Section 8. The Village Clerk is hereby authorized and directed to file a certified copy of this ordinance with the
County Clerks of Cook and Lake Counties, Illinois.
i
Section 9. This ordinance shall be in full force and effect from and after its passage and approval in the manner
provided by law. This ordinance shall not be codified.
AYES: 6 — Braiman, Glover, Berman, Johnson, Kahn, Trilling
NAYES: 0 - None
ABSENT: 0 - None
PASSED: January 6, 2004 APPROVED: January6, 2004
ATTEST:
Villdgp Jerk
it