Title
Ordinance Authorizing the Dissolution of the Slocum Lake Drainage District.
Staff Summary
* On August 13, 2024, the Lake County Board passed an Ordinance proposing dissolution of the Slocum Lake Drainage District.
* Per State Statute 55 ILCS 5/5-44025, this ordinance initiated the dissolution process and required that the District complete an audit detailing claims, receipts, inventory of property, and debts.
* The Lake County Finance Department has completed the audit and submitted a memo detailing the financial review.
* The Slocum Lake Drainage District Commissioners passed a resolution to support the dissolution as proposed by Lake County at their meeting held on September 21, 2024.
* This ordinance sets forth final steps in the formal dissolution of the District and provides details related to how the remaining funds should be used and distributed amongst the district area's municipalities.
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; 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 interests in property, whether real or personal, other than the tax proceeds in a bank account, some corporate records, one laptop, and an interest in easement rights shown on Document # 159844 on file with the Lake County Recorder; and
WHEREAS, the County has determined that the functions of the District can be as or more efficiently performed either by the municipalities or township within the District, either independently or in cooperation with each other and the Lake County Stormwater Management Commissi...
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