1999-510 0
RESOLUTION NO. 99- 51
A RESOLUTION REQUESTING THE COUNTY OF LAKE NOT TO COLLECT THE LOSS
IN COLLECTION ON TAXA13LE 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 and collection procedures; and
WHEREAS, the County of Lake has made it a policy to extend additional
amounts over and above the annual tax levy requests of the Village of Buffalo
Grove in order to offset any loss in collection of the tax levy; and
WHEREAS, those additional taxes will not be needed by the Village of
Buffalo Grove to perform its operational, pension 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 customary percentage amounts for loss and collection as part of the
extension of those levies requested by the Village of Buffalo Grove in its
1999 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, Reid,Braiman, Glover, Berman
NAYES: 0 - None
ABSENT: 1 - Hendricks
PASSED: November 15 ,1999.APPROVED: November 15 ,1999.
i lage President
ATTEST:
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Vile Clerk