1992-0201/29/92
ORDINANCE NO. 92- 20
AN ORDINANCE AMENDING
1. 91 -89, REAL ESTATE TRANSFER TAX
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 enacted an Ordinance
No. 91 -89 on November 4, 1991 creating a Village Real Estate
Transfer Tax which was inserted at Chapter 3.32 of the Buffalo
Grove Municipal Code; and
WHEREAS, it has been determined that the Real Estate
Transfer Tax provisions would be more appropriately located at
Chapter. 3.44 of the Municipal Code.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS, as foll ws:
Section 1. Village Ordinance No. 91 -89 entitled "An
Ordinance Adding Chapter 3.32, Real Estate Transfer Tax to Title
3, Revenue and Finance of the Municipal Code of the Village of
Buffalo Grove which ordinance was enacted on November 4, 1991 is
hereby amended by changing all references to Chapter 3.32 of the
Village of Buffalo Grove Municipal Code to Chapter 3.44 of the
Village of Buffalo Grove Municipal Code and the appropriate
amending of the Section Numbers therein from Section 3.32._
to Section 3.44.
Section 2. There is hereby added to the Municipal Code of
the Village of Buffalo Grove, Section 3.44.045, which is to read
as follows:
Section 3.44.045 - Illi
Declaration - Filing.
Real Estate Transfer
A fully executed and completed copy of the "Real Estate
Transfer Declaration" required by Section 3 of the Real
Estate Transfer Act of the State of Illinois shall be
filed with the Village Clerk by the grantee of any deed
or assignee of any beneficial interest not later than
ten (10) days after delivery of the deed or assignment
of beneficial interest.
Section 3. There is hereby added to the Municipal Code of
the Village of Buffalo Grove, Section 3.44.135, which is to read
as follows:
Section 3.44.135 - Penalty For Violation
In addition to the other remedies provided for herein,
any person violating the provisions of this Chapter
shall be punished according to the provisions of
Chapter 1.08, General Penalty.
Section 4. This Ordinance shall be in full force and effect
from and after its passage, approval and publication. This
Ordinance may be published in pamphlet form.
AYES: 6 - Marien hal Reid Kahn, Rubin, Braiman. Hendricks
NAYES : 0 - None
ABSENT: 0 - None
PASSED: Fahriiar 1R , 1992•
APPROVED: February 18 , 1992.
PUBLISHED: February 19 1992.
ATTEST:
11, . Q.rtrLix. I,
Village Clerk
VILLAGE OF BUFFALO GROVE
ORDINANCE N0. /•a .. l
ADOPTED BY THE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE
OF $UFFALO GROV _
THIS d DAY OF 19
Published in pamphlet form by authority of the
President and Board of Trustees of the Village
of Buffalg Grove, Cook & Lake Counties, Illinois,
this day of 19_
Village Clerk
Deptity Village Clerk
'WI/29/92
ORDINANCE NO. 92- 20
AN ORDINANCE AMENDING
ORDINANCE NO. 91 -89, REAL ESTATE TRANSFER TAX
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 enacted an Ordinance
No. 91 -89 on November 4, 1991 creating a Village Real Estate
Transfer Tax which was inserted at Chapter 3.32 of the Buffalo
Grove Municipal Code; and
WHEREAS, it has been determined that the Real Estate
Transfer Tax provisions would be more appropriately located at
Chapter. 3.44 of the Municipal Code.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS, as follows:
Section 1. Village Ordinance No. 91 -89 entitled "An
Ordinance Adding Chapter 3.32, Real Estate Transfer Tax to Title
3, Revenue and Finance of the Municipal Code of the Village of
Buffalo Grove which ordinance was enacted on November 4, 1991 is
hereby amended by changing all references to Chapter 3.32 of the
Village of Buffalo Grove Municipal Code to Chapter 3.44 of the
Village of Buffalo Grove Municipal Code and the appropriate
amending of the Section Numbers therein from Section 3.32._
to Section 3.44.
Section 2. There is hereby added to the Municipal Code of
the Village of Buffalo Grove, Section 3.A4.045, which is to read
as follows:
Section 3.44.045 - Illinois Real Estate Transfer
Declaration - Filing.
A fully executed and completed copy of the "Real Estate
Transfer Declaration" required by Section 3 of the Real
Estate Transfer Act of the State of Illinois shall be
filed with the Village Clerk by the grantee of any deed
or assignee of any beneficial interest not later than
ten (10) days after delivery of the deed or assignment
of beneficial interest.
Section 3. There is hereby added to the Municipal Code of
the Village of Buffalo Grove, Section 3.44.135, which is to read
as follows:
Section 3.44.135 - Penalty For Violation
In addition to the other remedies provided for herein,
any person violating the provisions of this Chapter
shall be punished according to the provisions of
Chapter 1.08, General Penalty.
Section 4. This Ordinance shall be in full force and effect
from and after its passage, approval and publication. This
Ordinance may be published in pamphlet form.
AYES: 6 - Marienthal. Reid, Kahn, Rubin. Braiman. Hendricks
NAYES: n -
ABSENT: None
PASSED: Fahrnary 1.9 , 1992.
APPROVED: February 18 , 1992.
PUBLISHED: February 19 1992.
T
J
APPRO D•
Dr-dg President
ATTEST:�,;
Village Clerk,
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