title
ABATEMENT OF THE
SPECIAL SERVICE AREA NUMBER THIRTY-ONE
2024 TAX LEVY IN THE AMOUNT OF
$1,555,375
resolution
WHEREAS, Ordinance OFI-002-06 directs the DuPage County Clerk to levy $2,628,000 (TWO MILLION, SIX HUNDRED TWENTY-EIGHT THOUSAND AND NO/100 DOLLARS) for the Special Service Area Number Thirty-One (Monarch Landing) Debt Service Fund for DuPage County's 2024 Tax Levy Year to be collected in 2025; and
WHEREAS, pursuant to Section 3(e) of said Ordinance, the County has entered into an Administrative Services Agreement with MuniCap, Inc. ("Consultant") to provide special service area administration services related to Special Service Area Number Thirty-One (Monarch Landing); and
WHEREAS, pursuant to Section 6 of said Ordinance, the Special Taxes shall be abated each year to the extent that other moneys deposited and available in the debt service fund exceed the special tax requirement, as calculated by the Consultant on behalf of the County; and
WHEREAS, pursuant to said Administrative Services Agreement, the Consultant has determined that revenues available in the debt service fund are sufficient to provide for an abatement of the 2024 Special Service Area Number Thirty-One (Monarch Landing) Tax Levy in the amount of $1,555,375 (ONE MILLION, FIVE HUNDRED FIFTY-FIVE THOUSAND, THREE HUNDRED SEVENTY-FIVE AND NO/100 DOLLARS).
NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board, that the 2024 Special Service Area Number Thirty-One (Monarch Landing) Tax Levy be abated in the amount of $1,555,375 (ONE MILLION, FIVE HUNDRED FIFTY-FIVE THOUSAND, THREE HUNDRED SEVENTY-FIVE AND NO/100 DOLLARS) and that the amount of the 2024 Tax Levy for Special Service Area Number Thirty-One (Monarch Landing) to be levied, before any amounts added by the DuPage County Clerk for the collection costs, be in the amount of $1,072,625 (...
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