title
ABATEMENT OF THE
SPECIAL SERVICE AREA NUMBER THIRTY-ONE (MONARCH LANDING)
2023 TAX LEVY IN THE AMOUNT OF
$1,559,156
resolution
WHEREAS, the DuPage County Board adopted Ordinance OFI-002-06 setting forth the 2023 Tax Levy for Special Service Area Number Thirty-One (Monarch Landing) to be collected in Fiscal Year 2024; and
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 2023 Tax Levy Year to be collected in 2024; 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 2023 Special Service Area Number Thirty-One (Monarch Landing) Tax Levy in the amount of $1,559,156 (ONE MILLION, FIVE HUNDRED FIFTY-NINE THOUSAND, ONE HUNDRED FIFTY-SIX AND NO/100 DOLLARS).
NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board, that the 2023 Special Service Area Number Thirty-One (Monarch Landing) Tax Levy be abated in the amount of $1,559,156 (ONE MILLION, FIVE HUNDRED FIFTY-NINE THOUSAND, ONE HUNDRED FIFTY-SIX AND NO/100 DOLLARS) and ...
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