2013-12-02 - Ordinance 2013-077 - FOR THE LEVY AND COLLECTION OF TAXES FOR THE FISCAL YEAR COMMENCING ON THE 1ST DAY OF JANUARY, 2014 AND ENDING ON THE 31ST DAY OF DECEMBER, 2014ORDINANCE NO. 2013 -77
AN ORDINANCE FOR THE LEVY AND COLLECTION OF TAXES FOR
THE FISCAL YEAR COMMENCING ON THE 1 ST DAY OF JANUARY, 2014
AND ENDING ON THE 31 ST DAY OF DECEMBER, 2014
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
sai�Ilageg of Buffalo Grove, Counties of Cook and Lake State of Illinois, the total sum of
Fourteen Million Eight Hundred Thirty -Seven Thousand 1 ive Hundred Eighty -Two Dollars
($14 837 582) for the following specific purposes and for the fiscal year commencing January 1,
201 � and ending December 31, 2014.
SECTION 2. General Corporate Tax. A tax is hereby imposed for the General Corporate
purposes in this Vi age in the amount of Seven Million Nine Hundred Ten Thousand Five
Hundred Fifty -Eight Dollars ($7,910,558) spread equally over the value as assessed and
equalized by the Department o 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 i age retirement m this i age m t e amount of Eight Hundred Eighty -One
Thousand One Hundred Forty -One Dollars ($881 141) spread equally over the value, as assessed
and equalized by the Department of Revenue o� 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 t is i a e in the amount of Six Hundred Eighty -One Thousand Seven Hundred
Thirty -Eight $681,73 spread equally over the value, as assessed and equalized by the
Department o 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 Police Pension and in this Village in the amount of Two Million Eight -Eight
Thousand Dollars ($2,088 000 spread equally over the value, as assessed and equalizedyby the
Department of Revenue of=all t e taxable property therein all in accordance with the provision of
Chapter 40, Section 5/3 -125 of the Illinois Pension Code.
SECTION 6. Firefi hter's Pension Fund. A further tax is hereby imposed for the purpose of
continuing to provide a Firemen's ension Fund in this Village in the amount of Two Million
One Hundred Seventy -Four Thousand Six Hundred Thirty -Two Dollars ($2,174,632) 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 2012. A further tax is hereby
imposed for the retirement of 0 orate urpose enera igation . onds, bond rincipaI and
interest, in the amount of One Hundred Thirty -Seven Thousand Five Hundred 'Twenty -Five
Dollars ($137,525) 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 an d by adoption of Ordinance No. 2012 -036.
SECTION 8. Co orate Purpose General Obligation Bonds - Series 2010 -A. A further tax is
hereby impose or the retirement o Corporate Purpose enera igation Bonds, bond
grind al and interest, in the amount of Six Hundred Nine -Five Thousand Seven Hundred
Tweny -Five Dollars ($695 725) spread equally over the value, assessed and equalized by the
Department of Revenue o 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. Co orate Pumose General Obligation Bonds - Series 2010 -B. A further tax is
ere .y impose or the retirement ot Corporate Purpose General igation Bonds, bond
principal and interest in the amount of Two Hundred Sixty -Eight Thousand Two Hundred Sixty -
Three Dollars ($269,263.00) 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 11. A recapitulation of the foregoing levied funds is as follows:
LEVIED FUNDS
General Corporate
$ 7,910,558
Illinois Municipal Retirement Fund
881,141
Social Security Fund
681,738
Police Pension Fund
2,088,000
Firefighter's Pension Fund
2,174,632
Facilities Development Debt Service- Series 2012
137,525
Facilities Development Debt Service- Series 2010 -A
695,725
Facilities Development Debt Service- Series 2010 -B
268,263
Grand Total Tax Levy $ 14,837,582
SECTION 12. The Village Clerk is hereby authorized to file a copy of this Ordinance, duly
certified, al ong 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 13. 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 14. Detailed Appropriations by line item for the fiscal year commencing on the 1st
ay of anuary 2014 and ending on the 31st day f December 2014, along with corresponding
levy by Fund are attached as Exhibit "A" to this Ordinance.
SECTION 15. That this Ordinance shall be in full force and effect from and after its passage and
approval. T is Ordinance shall not be codified.
AYES: 6 - Berman, Trilling, Sussman, Terson, Stein, Ottenheimer
NAYES: 0 - None.
ABSENT: 0 - None.
PASSED: December 2, 2013.
APPROVED: December 2, 2013.
PUBLISHED: December 3, 2013.
ATTEST:
� ,y -
Villag erk
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 December 2, 2013, the Corporate
Authorities of the Village passed and approved
Ordinance No. 2013 -77, AN ORDINANCE FOR
THE LEVY AND COLLECTION OF TAXES FOR
THE FISCAL YEAR COMMENCING ON THE
1ST DAY OF JANUARY, 2014 AND ENDING
ON THE 31 ST DAY OF DECEMBER, 2014, a copy
of such Ordinance was posted in and at the Village
Hall, commencing on December 11, 2013 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 11th day of
December, 2013.
CA4 AA e + AA
Vill e Clerk
C --
By