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HomeMy WebLinkAboutResolutions - 05-24 - 11/14/2005 - Tax Levy R - Q5-�q. RESOL UTION DETERMINING THE AMpUN'�'OF FUNDS TO BE LEVIED FOR THE 2005 TAX YEAR THROUGH REAL ESTATE TAXES FOR THE CITY OF MCHENRY,MCHENRy CpUNTy, a,LINOIS WHEREAS,the City of McHenry has historically levied taxes for the purpose of conducting City business for its residents and local businesses; and WHEREAS, it has been determined the requested levy amount is an increase of fifteen percent (15%) over the 20041evy amount; and VV�iEREAS, it is the intent of the City of McHenry to exceed the 2004 tax extension by more than 105 percent with the levy request; and . WHEREAS, a Public Hearing as required by the Truth in Taxation Act of 1981 will be held on December 12, 2005; and WHEREAS,notice shall be published in the Northwest Herald by December 5, 2005 no#ifying the general public of the Public Hearing. NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF MCHENRY,MCHENRY COUNT�',ILLINOIS that it has been determined the amount of taxes to be levied by the City of McHenry, exclusive of the election costs, shalI be$3,924,511. C� c���— Susan E. Low,Mayor Attest: � �c�e�C. cttA� J 'ce C. Jones, City Clerk