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HomeMy WebLinkAboutResolutions - R-08-021 - 11/10/2008 - DETERMININT RE PROPERTY TAX LEVY FOR 2008 TAX YEARResolution R-08-021 Re -solution Determining the Amount of Funds to be levied for the 2008 Tax Year through real estate taxes For the City of McHenry, McHenry County, Illinois 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 2007 levy amount; and WHEREAS, it is the intent of the City of McHenry to exceed the 2007 tax extension by more than 105% with the levy request; and WHEREAS, a Public Hearing as required by the Truth in Taxation Act of 1981 will be held on December 1, 2008; and WHEREAS, notice shall be published in the Northwest Herald between November 17, 2008 and November 24, 2008, notifying the general public of the Public Hearing. NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the Cite of McHenry, McHenry County, Illinois, that it has been determined the amount of taxes to be levied by the City of McHenry, exclusive of the election costs, shall be $4,853,283. Passed and approved this I& day of November, 2009. Voting Aye: Santi, Glab, Schaefer, Murgatroyd, Wimmer, Peterson, Condon. Voting Nay: None. Not Voting: None. Abstaining: None. Absent: None. APPROVE: Mayor ATTEST: C'ty C k