2020-60 - REQUESTING THE COUNTY OF LAKE NOT TO COLLECT THE LOSS IN COLLECTION ON TAXABLE PROPERTY IN THE VILLAGE OF BUFFALO GROVE - 12/07/2020 RESOLUTION NO.2020-60
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
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 2020 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: 6—Stein, Ottenheimgr,,.Weider Johnson Smith Pike,
NAYES: 0—None
ABSENT: 0—None
PASSED: December 7 2020
APPROVED: December 7 22020
APPROVED:
Beverly Sussman, ge President
ATTEST:
Jane i bian,Village Clerk