Title
Ordinance proposing the dissolution of the Slocum Lake Drainage District.
Staff Summary
* Slocum Lake Drainage District is a Drainage District covering parts of the Villages of Lake Barrington, Port Parrington, Wauconda and unincorporated Lake County, and generates revenue via a tax levy.
* The District derives its revenue from a $14 annual maintenance assessment placed upon the tax bills of the properties within the District boundaries, with the total tax generating around $10,500 annually.
* The County has determined that the functions of the District can be as or more efficiently performed by either the municipalities or township within the District, either independently or in cooperation with each other and Lake County Stormwater Management Commission, such that the continuing existence of the District is no longer necessary
* This "Proposing Ordinance," uses the authority granted from State Statute 55 ILCS 5/5-44025 to initiate the dissolution process and require that the District complete an audit detailing claims, receipts, inventory of property, and debts. The audit will be reported to the County Board, and at a subsequent meeting staff will return with a separate "Authorizing Ordinance" under 55 ILCS 5/5-44025, which will initiate the next steps in the District's dissolution.
* The dissolution process, following Board action on the Authorizing Ordinance, is approximately six months.
Body
ORDINANCE
WHEREAS, the Slocum Lake Drainage District ("District") is a Drainage District covering parts of the Villages of Lake Barrington, Port Barrington, Wauconda and unincorporated Lake County; and
WHEREAS, the District derives its revenue from a $14 annual maintenance assessment placed upon the tax bills of properties within the District's boundaries, with the total tax generating around $10,500 annually; and
WHEREAS, other than its annual tax revenue, the District, which is made up of three trustees appointed by the County Board, possesses no known in...
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