2016-30 RESOLUTION NO.201G-30
A RESOLUTION REQUESTING THE COUNTY OF LAKE NOT TO 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 fnonn
its residential and commercial property in Lake County as verified by audit and collection procedures; and
WHEREAS,the Countyof Lake has made ita policyto extend additional amountsover and abovethe
annual tax levy requests of theVillage of Buffa.lo Grove in orderto offset any loss incollection of thetax levy;
and
WHEREAS,those additional taxes will not be needed by the Village of Buffalo Grove tm perform its
operational, pension and debt service responsibilities to its citizens.
NOW,THEREFORE, BE IT RESOLVED BYTHE PRESIDENTAND BOARD OF TRUSTEES OFTHE VILLAGE OF
BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS,that:
SECTION 1.The lerkof Lake County inherebvdinactednoihz levy the customary percentage
amounts for loss and collection as part of the extension of those levies requested by the Village of
8uffa/o Grove 'in its 2016 Tax Levy Ordinance upon all taxable property within the Lake County
boundaries uf 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:
NAYES: O -1Nolne
ABSENT:
PASSED: December 5, 2016.
APPROVED: December 5 2016.
APPROVED:
AAek &A J
ATTEST: Beverly Suss�#,Village President
JanetSirabian, Village Clerk