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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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86-35 PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT
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Last modified
8/29/2016 10:02:21 AM
Creation date
8/29/2016 10:02:19 AM
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Resolution/Ordinance
Res Ord Num
86-35
Res Ord Title
PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE ANNUAL RENT PAYABLE UNDER A LEASE ENTERED INTO AMONG THE DECATUR PUBLIC BUILDING COMMISSION, THE COUNTY OF MACON, AND THE CITY OF DECATUR...
Approved Date
5/12/1986
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' , . •1 . <br /> i � <br /> � � � � + <br /> having attached a certified copy of the Lease herein referred to, <br /> with the County Clerk of The County of Macon, Illinois, which <br /> shall constitute the authority for the County Clerk to extend the <br /> tax annually, as provided for in and �by this Ordinance, to pay <br /> the annual rent payable under such Lease by the City, as and when <br /> it becomes due and payable, and the County Clerk shall ascertain <br /> the rate per cent which, upon the value of all property subject <br /> to taxation within the City for levy in each of the years 1987 <br /> through 2004, inclusive, as that property is assessed or <br /> equalized by the Department of Revenue of the State of Illinois, <br /> will produce a net amount of not less than the amounts provided <br /> for in and by this Ordinance and being the annual rent provided <br /> for and reserved in the Lease hereto attached, and it shall be <br /> the duty of the County Clerk annually during the term of the <br /> L <br /> ease to extend said taxes against all the taxable property <br /> contained in the City as herein provided, and sufficient to pay <br /> the annual rental reserved in the Lease hereto attached. Such <br /> tax shall be levied and collected in like manner with the other <br /> taxes of the City, and shall be in addition to all other taxes <br /> now or hereafter authorized to be levied by the City, and shall <br /> not be included within any statutory limitation of rate or <br /> amount, but shall be excluded therefrom and be in addition <br /> thereto and in excess thereof. <br /> Section 3. The taxes levied in Section 1 hereof may be <br /> abated by the City prior to the extension thereof, in the amount <br /> -3- <br />
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