2011-058• . ' 0
ORDINANCE NO. 2011-_,5_L
AN ORDINANCE FOR THE LEVY AND COLLECTION OF TAXES FOR
THE FISCAL YEAR COMMENCING ON THE 1ST DAY OF JANUARY, 2012
AND ENDING ON THE 31ST DAY OF DECEMBER, 2012
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF
COOK AND LAKE, ILLINOIS, A HOME -RULE MUNICIPALITY:
SECTION 1. There is hereby levied upon all the taxable property within the corporate limits of said Village of
Buffalo Grove, Counties of Cook and Lake, State of Illinois, the total sum of Fourteen Million Four Hundred One
Thousand Seven Hundred Ninety -Six Dollars ($14,401,796.00) for the following specific purposes and for the fiscal
year commencing January 1, 2012 and ending December 31, 2012.
SECTION 2. General Corporate Tax. A tax is hereby imposed for the General Corporate purposes in this Village in
the amount of Seven Million Five Hundred Thirty Thousand One Hundred Dollars ($7,530,100.00) spread equally
over the value, as assessed and equalized by the Department of Revenue of all the taxable property within the
corporate limits therein.
SECTION 3. Illinois Municipal Retirement Fund Tax. A further tax is hereby imposed for the purpose of Village
retirement in this Village in the amount of Eight Hundred Thirty -Nine Thousand Seven Hundred Ninety -Four Dollars
($839,794.00) spread equally over the value, as assessed and equalized by the Department of Revenue of all
taxable property therein, all in accordance with the provisions of Chapter 40, Section 5/7 -171 of the Illinois
Pension Code.
SECTION 4. Social Security Fund. A further tax is hereby imposed for the purpose of Village retirement in this
Village in the amount of Seven Hundred Twenty -Nine Thousand Six Hundred Eleven Dollars ($729,611.00) spread
equally over the value, as assessed and equalized by the Department of Revenue of all property therein, all in
accordance with the provisions of Chapter 40, Section 5/21 -110 & 110.1 of the Illinois Pension Code.
SECTION 5. Police Pension Fund. A further tax is hereby imposed for the purpose of continuing to provide a Police
Pension Fund in this Village in the amount of Two Million One Hundred Fifty -Nine Thousand Eight Hundred Thirty -
Eight Dollars ($2,159,838.00) spread equally over the value, as assessed and equalized by the Department of
Revenue of all the taxable property therein all in accordance with the provision of Chapter 40, Section 5/3 -125 of
the Illinois Pension Code.
SECTION 6. Firefighter's Pension Fund. A further tax is hereby imposed for the purpose of continuing to provide a
Firemen's Pension Fund in this Village in the amount of Two Million Three Thousand Seven Hundred Fifty -Seven
Dollars ($2,003,757.00) spread equally over the value, as assessed and equalized by the Department of Revenue of
all the taxable property therein, all in accordance with the provisions of Chapter 40, Section 5/4 -118 of the Illinois
Pension Code.
SECTION 7. Corporate Purpose General Obligation Bonds - Series 2010 -A. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Seven
Hundred Twenty -Five Thousand Four Hundred Twenty -Five Dollars ($725,425.00) spread equally over the value,
assessed and equalized by the Department of Revenue of all taxable property therein, all in accordance with
Chapter 65, Section 5/8 -4 -25 of the Illinois Municipal Code and by adoption of Ordinance No. 2010 -023.
SECTION 8. Corporate Purpose General Obligation Bonds - Series 2010 -B. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Eighty -
Eight Thousand Two Hundred Sixty -Three Dollars ($88,263.00) spread equally over the value, assessed and
equalized by the Department of Revenue of all taxable property therein, all in accordance with Chapter 65, Section
5/8 -4 -25 of the Illinois Municipal Code and by adoption of Ordinance No. 2010 -023.
SECTION 9. Corporate Purpose General Obligation Bonds - Series 2003. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Three
Hundred Twenty -Five Thousand Eight Dollars ($325,008.00) spread equally over the value, assessed and equalized
by the Department of Revenue of all taxable property therein, all in accordance with Chapter 65, Section 5/8 -4 -25
of the Illinois Municipal Code and by adoption of Ordinance No. 2003 -023.
•
SECTION 10. A recapitulation of the foregoing levied funds is as follows:
LEVIED FUNDS
General Corporate
Illinois Municipal Retirement Fund
Social Security Fund
Police Pension Fund
Firefighter's Pension Fund
Facilities Development Debt Service - Series 2010 -A
Facilities Development Debt Service - Series 2010 -B
Facilities Development Debt Service - Series 2003
Grand Total Tax Levy
i
$ 7,530,100.00
839,794.00
729,611.00
2,159,838.00
2,003,757.00
725,425.00
88,263.00
325.008.00
$14,401,796.00
SECTION 11. The Village Clerk is hereby authorized to file a copy of this Ordinance, duly certified, along with any
statutory representations or certifications, with the County Clerk of Cook County, Illinois, and the County Clerk of
Lake County, Illinois, within the time limit prescribed by law.
SECTION 12. If any item or portion of this Ordinance is for any reason held invalid, such decision shall not affect the
validity of the remaining portion of such item or the remaining portion of this Ordinance.
SECTION 13. Detailed Appropriations by line item for the fiscal year commencing on the 1st day of January 2012
and ending on the 31st day of December 2012, along with corresponding levy by Fund are attached as Exhibit "A"
to this Ordinance.
SECTION 14. That this Ordinance shall be in full force and effect from and after its passage and approval. This
Ordinance shall not be codified.
AYES: 6 — Berman,. Trilling, Sussman, Terson, Stein, Ottenheimer
NAYES: 0 — None
ABSENT: 0 — None
PASSED this 5th day of December 2011.
APPROVED this 5th day of DecerAr , 2011.
ATTEST:
Villag lerk
VILLAGE OF
BtTFALO GROVE
+I >a — v1. 1LL11V 111.7 ) ss.
Department oi � f►e "fficls
Fifty Raupp Blv , c U
Buffalo Grove, IL 60089 -2100
Phone 847 - 459 -2500
Fax 847 - 459 -0332 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 November 7, 2011, the Corporate
Authorities of the Village passed and approved
Ordinance No. 2011 -58 AN ORDINANCE FOR
THE LEVY AND COLLECTION OF TAXES FOR
THE FISCAL YEAR COMMENCING ON THE 1sT
DAY OF JANUARY, 2012 AND ENDING ON THE
31sT DAY OF DECEMBER, 20012 prepared, and a
copy of such Ordinance was posted in and at the
Village Hall, commencing on December 6, 2011 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 601 day of
December, 2011.
Vage Clerk
ORDINANCE NO. 2011---58
AN ORDINANCE FOR THE LEVY AND COLLECTION OF TAXES FOR
THE FISCAL YEAR COMMENCING ON THE 1ST DAY OF JANUARY, 2012
AND ENDING ON THE 31ST DAY OF DECEMBER, 2012
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF
COOK AND LAKE, ILLINOIS, A HOME -RULE MUNICIPALITY:
SECTION 1. There is hereby levied upon all the taxable property within the corporate limits of said Village of
Buffalo Grove, Counties of Cook and Lake, State of Illinois, the total sum of Fourteen Million Four Hundred One
Thousand Seven Hundred Ninety -Six Dollars ($14,401,796.00) for the following specific purposes and for the fiscal
year commencing January 1, 2012 and ending December 31, 2012.
SECTION 2. General Corporate Tax. A tax is hereby imposed for the General Corporate purposes in this Village in
the amount of Seven Million Five Hundred Thirty Thousand One Hundred Dollars ($7,530,100.00) spread equally
over the value, as assessed and equalized by the Department of Revenue of all the taxable property within the
corporate limits therein.
SECTION 3. Illinois Municipal Retirement Fund Tax. A further tax is hereby imposed for the purpose of Village
retirement in this Village in the amount of Eight Hundred Thirty -Nine Thousand Seven Hundred Ninety -Four Dollars
($839,794.00) spread equally over the value, as assessed and equalized by the Department of Revenue of all
taxable property therein, all in accordance with the provisions of Chapter 40, Section 5/7 -171 of the Illinois
Pension Code.
SECTION 4. Social Security Fund. A further tax is hereby imposed for the purpose of Village retirement in this
Village in the amount of Seven Hundred Twenty -Nine Thousand Six Hundred Eleven Dollars ($729,611.00) spread
equally over the value, as assessed and equalized by the Department of Revenue of all property therein, all in
accordance with the provisions of Chapter 40, Section 5/21 -110 & 110.1 of the Illinois Pension Code.
SECTION 5. Police Pension Fund. A further tax is hereby imposed for the purpose of continuing to provide, a Police
Pension Fund in this Village in the amount of Two Million One Hundred Fifty -Nine Thousand Eight Hundred Thirty -
Eight Dollars ($2,159,838.00) spread equally over the value, as assessed and equalized by the Department of
Revenue of all the taxable property therein all in accordance with the provision of Chapter 40, Section 5/3 -125 of
the Illinois Pension Code.
SECTION 6. Firefighter's Pension Fund. A further tax is hereby imposed for the purpose of continuing to provide a
Firemen's Pension Fund in this Village in the amount of Two Million Three Thousand Seven Hundred Fifty -Seven
Dollars ($2,003,757.00) spread equally over the value, as assessed and equalized by the Department of Revenue of
all the taxable property therein, all in accordance with the provisions of Chapter 40, Section 5/4 -118 of the Illinois
Pension Code.
SECTION 7. Corporate Purpose General Obligation Bonds - Series 2010 -A. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Seven
Hundred Twenty -Five Thousand Four Hundred Twenty -Five Dollars ($725,425.00) spread equally over the value,
assessed and equalized by the Department of Revenue of all taxable property therein, all in accordance with
Chapter 65, Section 5/8 -4 -25 of the Illinois Municipal Code and by adoption of Ordinance No. 2010 -023.
SECTION 8. Corporate Purpose General Obligation Bonds - Series 2010 -B. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Eighty -
Eight Thousand Two Hundred Sixty -Three Dollars ($88,263.00) spread equally over the value, assessed and
equalized by the Department of Revenue of all taxable property therein, all in accordance with Chapter 65, Section
5/8 -4 -25 of the Illinois Municipal Code and by adoption of Ordinance No. 2010 -023.
SECTION 9. Corporate Purpose General Obligation Bonds - Series 2003. A further tax is hereby imposed for the
retirement of Corporate Purpose General Obligation Bonds, bond principal and interest, in the amount of Three
Hundred Twenty -Five Thousand Eight Dollars ($325,008.00) spread equally over the value, assessed and equalized
by the Department of Revenue of all taxable property therein, all in accordance with Chapter 65, Section 5/8 -4 -25
of the Illinois Municipal Code and by adoption of Ordinance No. 2003 -023.
SECTION 10. A recapitulation of the foregoing levied funds is as follows:
LEVIED FUNDS
General Corporate
Illinois Municipal Retirement Fund
Social Security Fund
Police Pension Fund
Firefighter's Pension Fund
Facilities Development Debt Service - Series 2010 -A
Facilities Development Debt Service - Series 2010 -B
Facilities Development Debt Service - Series 2003
Grand Total Tax Levy
$ 7,530,100.00
839,794.00
729,611.00
2,159,838.00
2,003,757.00
725,425.00
88,263.00
325,008.00
$14,401,796.00
SECTION 11. The Village Clerk is hereby authorized to file a copy of this Ordinance, duly certified, along with any
statutory representations or certifications, with the County Clerk of Cook County, Illinois, and the County Clerk of
Lake County, Illinois, within the time limit prescribed by law.
SECTION 12. If any item or portion of this Ordinance is for any reason held invalid, such decision shall not affect the
validity of the remaining portion of such item or the remaining portion of this Ordinance.
SECTION 13. Detailed Appropriations by line item for the fiscal year commencing on the 1st day of January 2012
and ending on the 31st day of December 2012, along with corresponding levy by Fund are attached as Exhibit "A"
to this Ordinance.
SECTION 14. That this Ordinance shall be in full force and effect from and after its passage and approval. This
Ordinance shall not be codified.
AYES: 6 — Berman, Trilling, Sussman, Terson Stein Ottenheimer
NAYES: 0 — None
ABSENT: 0 — None
PASSED this 5th day of December , 2011.
APPROVED this 5th day of Deceq r 2011.
ATTEST:
Village Clerk