Resolution 0240 - Laserfiche WebLink

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and used solely to pay the costs of said improvements and for the other Purpose specified in said ordinance, and for the purpose of rode said $1,575,000 of outstanding temporary improvement bonds. The accrued interest to b rece upon delivery of said bonds shall be credited and paid into the Improvement Bond Redemption Fund of the Village. 4, In accordance with said ordinance, it is hereby estimated that approximately $3,000,000 principal amount of special assessments have been and will be levied on account of said Sanitary and Storm Sewer and Street Resurfacing Improvement upon properties within the area assessable for said improvement, as heretofore established by the resolutions ordering the same, and that $2,606,772 of said amount of assessments will be available for credit` to the Improvement Bond und after the cost of the improvement is paid in full; 1 0,10n assessents will be paid in 30 equal annual installments, col lectiale with m general taxes of the V'.11ege in consecutive years com- mencinc! ;n 1966 or 1967, with interest at the rate of 6% per annum. It i. f anther estimated that approximately $99,000 principal amount oz spec_.al assessments have been or will be levied on account of the other improvements financed by the bonds herein authorized to be issued, and by said issue of bonds referred to above, dated April 1, and'will be available for credit to the Improvement Bond Re roc �(.in: Fund after the cost of such improvements is paid in full; a$SCSSments will be paid in 15 equal annual installments collec wi'ch general taxes of the Village in consecutive years commencing in 1966 or 1967, with interest at the r of 6% per annum. To the :;'.:a'. installment shall be added interest on the entire assessment on e ach property from the date of adoption thereof until December 31 of •t he yea; in which the first installment is payable, and to each subsequent installment shall be added interest for one Year on the u balance of the a-sessment. All moneys collected therefrom ::hall be and aye hereby appropriated to the funds of said improvements Tn to ''_c J provement Bond Redemption Fund, and shall' be accounted and expended in the manner provided in Ordinance No. 68° The '1 h and credit of the Village is also pledged for the payment .71 bc2nds and 9.nterest as provided in said ordinance. in Mc:`o is hereby levied a general ad valorem tax upon all ep-)_ty in the Village for the purpose of paying principal cl ii.zerest on the bonds herein authorized, which shall be spread ...e amounts and collectible in the years as follows: _124r c. Year Amount Year Amount `11, "30 1977 52,100 1987 64,600. J() 1978 53,200 1988 63,200 2 390 1979 54,300 1989 61,700 .,400 1980 55,400 1990 60,200 10,500 1981 56,500 1991 69,200 :1.600 1982 62,600 1992 67,300 1983 63,700 1993 65,300 197^ 43,800 1984 64,900 1994 63,400 4'',900 1985 67,500 1995 61,400 1 i' 000 1986 66,100 -6-