1991-73o •
RESOLUTION NO. 91- 73
A RESOLUTION REQUESTING THE COUNTY OF LAKE TO NOT COLLECT THE LOSS
IN COLLECTION ON TAXABLE PROPERTY IN THE VILLAGE OF BUFFALO GROVE
WHEREAS, the Village of Buffalo Grove has experienced a high level of
property tax collections from its residential and commercial property in Lake
County as verified by audit procedures: and
WHEREAS, the County of Lake has made it a policy to extend additional
amounts over and above those levies requested by the Village to offset any
loss in collectability; and
WHEREAS, these additional taxes will not be needed by the Village to
perform its operational and debt service responsibilities to its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, that:
SECTION 1. The County Clerk of Lake County is hereby directed not to
levy the loss and cost of collection notes in addition to those levies
requested by the Village of Buffalo Grove in its 1991 Tax Levy Ordinance upon
all taxable property within the Lake County boundaries of the Village.
SECTION 2. The Village Clerk is hereby directed to send a certified
copy of this Resolution to the County Clerk of Lake County.
AYES: 5 - Marienthal, Kahn, Rubin, Braiman, Hendricks
NAYES: 0 - None
ABSENT: 1 - Reid
PASSED: September 16 , 1991.
APPROVED:Sentember 16 , 199
M-a fesident
ATTEST:
n
Vill Clerk