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1989-029ORDINANCE NO. 89- 29 AN ORDINANCE AMENDING SECTION 13.04.290 OF TITLE 13 OF THE VILLAGE OF BUFFALO GROVE MUNICIPAL CODE WHEREAS, the Village of Buffalo Grove is a Home -Rule Unit pursuant to the Illinois Constitution of 1970; and WHEREAS, the Village of Buffalo grove is a party to an Intergovernmental Agreement for Sewage Treatment Services ( "Agreement ") which, amongst other things, articulates within the language of said Agreement certain fees that will be paid from time -to -time for sanitary sewer treatment services; and WHEREAS, Exhibit C to said Agreement provided for a credit that would be applied against the posted Lake County rate of sanitary sewer treatment services, such credits being those required to offset the Village's outstanding revenue bonds issued to pay for the cost of the original Lake County, Buffalo Grove sewage treatment plant; and WHEREAS, user /consumers in Lake County Buffalo Grove have been the benificiaries of said credits since 1972 because of the use of the Agreement credit being applied directly against the County's posted treatment rate; and WHEREAS, said credits shall be exhausted as of April 30, 1989, requiring sanitary sewer treatment fees charged bi- monthly to increase to meet the County's posted rate, as adjusted from time to time. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS that: SECTION 1. Section 13.04.290, Sewer Use Charges, Subsection A7, of the Village of Buffalo Grove Municipal Code is amended to read as follows: 7. Service Charge. There shall be a service charge to eleven dollars and fifty cents ($11.50) per month for each user serviced by the Lake County sewer system. Cook County users are taxed for sewer treatment via tax levied by the Metropolitan Sanitary District of Greater Chicago. For commercial, institutional and industrial user /consumers serviced by the Lake County sewer system, the rate will be eleven dollars and fifty cents ($11.50) for every seven thousand five hundred gallons of metered service. The fee will be calculated to the nearest tenth equivalent of measure. The minimum monthly charge for these classes is eleven dollars and fifty cents ($11.50). SECTION 2. This ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law as of May 1, 1989. AYES:— 6 Mnri, , -ni-bal Reid, Shields. Sbi f ri n TT4t-bjq-q GI m . ],,-r NAYES:— 0 None ABSENT: 0 - None PASSED: March 20 APPROVED: March 20 ATTEST: aq)VA Villa —Clerk 1989. 1989. Village President IAA . + r • �� • Exi.ibi t C VILLAGE OF BUrFALO GROVE, TLLI OIS . AN;ORTIZATIOil OF SEWAGE TREATMENT PLANT COSTS AND.` BOND RESERVE :A000UNTS years, Interest r Total to Endi ng Principal @ Bone be with- 4-30 ' - balance 7% Principal Total Reserve held f 1973+ $383,897 $ 6,718 $ 3,040 9,758 555 $:0,314 ! ?op 1974- 380,857 26,660 12,370 39,030 2,225 41,225 1975* 368,'487 25,794 13 236 39,030 2,225 41,225 1976 355,251. 24,868 14,102 39,030 2,225 41,225 107% 341,089 23,876 15,154 39,030 2,225 41,225 1978v, 325,935 22,815 16,215 39,030 2',225 41,225 1979N 309,720. 21,680 17,350 39,030 2,225 41,225 .1900K 292,370 20,46 '6 i8, 564 39,030 2,22.5 41,225 19814 273,806 19,166' 19,804 39,030 2,225 '41,225 1987k 253,942 17,770 21,254 39,030 2,225 41,225 1583+ 232,0'88: 16,288' 22,742 39,030 2,225 41,225 ' 1984 209,946 14,696 24 ",334 39,030 2,225 4►225 1y85h 185,'612 1:2,99.3 26,:037 39,030 2,225 41;226 - •1S8a v% 159,575 11,170 27,860 39,G30 2,225 41,225 1987f, 131,715 9,220` 29,8T0 39,030 29225 41,225 1988A 101,905 7,133 31,897 39,030 2,225 41,225 1339 701008 4.,901' 34,129 39,030 1,948 40,978 1990 3,50879 - 3 .5,879 . $383,897 $3` YIW9 ;t VILLAGE OF BUFFALO GROVE ORDINANCE NO. ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE THIS_DaY OF 19 Published in pamphlet form by authority of the President and Board of Trustees of the Village of Buffalo Grove, Cook & Lake Counties, I1 this day of 19 c M- Sumac la cr. illage Clerk 'L By CA) l �cG�. 44 Deputy Cle k ORDINANCE NO. 89- 29 AN ORDINANCE AMENDING SECTION 13.04.290 OF TITLE 13 OF THE VILLAGE OF BUFFALO GROVE MUNICIPAL CODE WHEREAS, the Village of Buffalo Grove is a Home -Rule Unit pursuant to the Illinois Constitution of 1970; and WHEREAS, the Village of Buffalo grove is a party to an Intergovernmental Agreement for Sewage Treatment Services ( "Agreement ") which, amongst other things, articulates within the language of said Agreement certain fees that will be paid from time -to -time for sanitary sewer treatment services; and WHEREAS, Exhibit C to said Agreement provided for a credit that would be applied against the posted Lake County rate of sanitary sewer treatment services, such credits being those required to offset the Village's outstanding revenue bonds issued to pay for the cost of the original Lake County, Buffalo Grove sewage treatment plant; and WHEREAS, user /consumers in Lake County Buffalo Grove have been the benificiaries of said credits since 1972 because of the use of the Agreement credit being applied directly against the County's posted treatment rate; and WHEREAS, said credits shall be exhausted as of April 30, 1989, requiring sanitary sewer treatment fees charged bi- monthly to increase to meet the County's posted rate, as adjusted from time to time. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS that: SECTION 1. Section 13.04.290, Sewer Use Charges, Subsection A7, of the Village of Buffalo Grove Municipal Code is amended to read as follows: 7. Service Charge. There shall be a service charge to eleven dollars and fifty cents ($11.50) per month for each user serviced by the Lake County sewer system. Cook County users are taxed for sewer treatment via tax levied by the Metropolitan Sanitary District of Greater Chicago. For commercial, institutional and industrial user /consumers serviced by the Lake County sewer system, the rate will be eleven dollars and fifty cents ($11.50) for every seven thousand five hundred gallons of metered service. The fee will be calculated to the nearest tenth equivalent of measure. The minimum monthly charge for these classes is eleven dollars and fifty cents ($11.50). SECTION 2. This ordinance shall be in full force and effect from and after its passage and approval in the manner provided by law as of May 1, 1989. AYES:— 6 mnripntini, Reid, Shields. sbjfrjn, MAthinq, GI NAYES: 0 None ABSENT: 0 - Nnnp PASSED: March 20 * 1989. APPROVED: March 20 p 1989. Village President ATTEST: g: ,Ya Villagja, Clerk A. • Exhibi t c VILLAGE OF BUFFALO GROVE, ILLItiOIS �. AMORTIZATIOi' OF SE„AGE TRr ME►NT PLANT COSTS - AND ' BOND RESERVE:A000UNTS' Years Interest Total to Ending Principal @ Bond be with - 4 -30 -Balance 7% Pri nci oal Total Reserve fwi d _ ' 1973 $383,897 $ 6,718 $ 3,040 $ 9,758 $ 555 $:0 314 i�? 1100�� 1974- 1975* 380,857 368,487 206,660 25,794 12,370 13,236 39,030 39,030 2,225" 2,225 41,225 41,225 '► �l GI$- 1976 355,251 24,868 14,162 39,0317 2,225 419,225 1977„ 341,089 23,876 15,154 39,030 2,225 41,225 19M, 325,935 22,815 16,215 39,030 2',225 41,225 t 1979% 309,720. 21,680 17,350 39,030 2,225 41,225 19004 292,370 20,466 18,564 39,030 2,225 41,225 .l 1981A 273,806 191166 19,864 39,030 2,225 '41,225 1982,k 253,942 17,776 21,254 39,030 2,225 41,225 198%3 232,688 16,288 22,742 39,030 2,225 41,225 - 1984,k 209,946 14,696 24,334 39,030 2,225 41,225 1985" 135,6.12 123,993 20,037 39,0.30 2,225 41,225 -1986v% 159,575 11,170 27,80-0 39,030 2,225 41,225 • 1987+ 131,715 9,220 29,810 39,030 2,225 41,225 1983 w� 101,905 7,133 31,897 39,030 2,225 411,225 , 1989 70,008 4,701 34,129 39,030 1,948 -40,978 •_ 1990 352879 - 355,879 . $383,897