Title
Ordinance providing for the levy of a direct annual tax sufficient to produce $260,000 for Special Service Area (SSA) Number 13.
Staff Summary
• The Spencer Highlands SSA, established by the County Board in 2007, provides funds to pay the debt service cost of the sanitary sewer construction.
• The levy ordinance for this SSA (Spencer Highlands) is required to be adopted annually.
Body
ORDINANCE
WHEREAS, Special Service Area Number 13 was established by the Lake County Board on November Thirteen, 2007; and
WHEREAS, pursuant to said Establishing Ordinance, the County is authorized to impose a levy sufficient to pay the cost of the annual debt payment for Special Service Area Number 13 for 20 years; and
WHEREAS, said annual levy shall be placed upon all taxable property within said Special Service Area Number 13; and
WHEREAS, pursuant to the Establishing Ordinance, the amount to be levied annually shall be $260,000.
NOW, THEREFORE, BE IT ORDAINED, by this County Board of Lake County, Illinois, that there be and there is levied upon all the taxable property in said Special Service Area Number 13, in addition to all other taxes, a direct tax of $260,000 with said tax to be collected for tax year 2017; and
BE IT FURTHER RESOLVED, that the Finance and Administrative Services Department shall cause the foregoing taxes to be allocated in the manner provided by the Establishing Ordinance and that the Finance and Administrative Services Department is hereby directed to prepare and deliver to the County Clerk a detailed statement of the foregoing taxes as allocated and applied to all taxable properties throughout Special Service Area Number 13.
DATED at Waukegan, Lake County, Illinois, on November 14, 2017.