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File #: 21-0346    Version: 1 Name:
Type: Resolution Status: Approved
File created: 6/18/2021 In control: Finance Committee
On agenda: 6/22/2021 Final action: 7/27/2021
Title: PROPOSED RESOLUTION A RESOLUTION RELATING TO AND PROVIDING FOR THE SUBMISSION OF AN ELECTION RESOLUTION REQUIRING THE PROPOSITION OF INCREASING THE LIMITING RATE FOR THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS, TO THE VOTERS OF SAID FOREST PRESERVE DISTRICT AT THE GENERAL ELECTION TO BE HELD ON THE 8TH DAY OF NOVEMBER, 2022 WHEREAS, the Forest Preserve District of Cook County, Illinois (the "District"), is subject to the Property Tax Extension Limitation Law of the State of Illinois, as amended ("PTELL"); and WHEREAS, the Board of Commissioners of the District (the "Board") does hereby find and determine that the limiting rate for the District is not sufficient to provide funds to pay the cost of conserving and restoring land to good health, protecting the water quality of rivers, lakes, and streams, providing natural flood water storage, protecting wildlife habitat, protecting forests to improve air quality, improving and maintaining existing forest preserves and trails ...
Sponsors: LARRY SUFFREDIN, FRANK J. AGUILAR, LUIS ARROYO JR., SCOTT R. BRITTON, JOHN P. DALEY, DENNIS DEER, BRIDGET DEGNEN, BRANDON JOHNSON, BILL LOWRY, PETER N. SILVESTRI, DEBORAH SIMS, STANLEY MOORE, BRIDGET GAINER, DONNA MILLER, ALMA E. ANAYA, SEAN M. MORRISON, KEVIN B. MORRISON
title
PROPOSED RESOLUTION

A RESOLUTION RELATING TO AND PROVIDING FOR THE SUBMISSION OF AN ELECTION RESOLUTION REQUIRING THE PROPOSITION OF INCREASING THE LIMITING RATE FOR THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS, TO THE VOTERS OF SAID FOREST PRESERVE DISTRICT AT THE GENERAL ELECTION TO BE HELD ON THE 8TH DAY OF NOVEMBER, 2022

WHEREAS, the Forest Preserve District of Cook County, Illinois (the "District"), is subject to the Property Tax Extension Limitation Law of the State of Illinois, as amended ("PTELL"); and

WHEREAS, the Board of Commissioners of the District (the "Board") does hereby find and determine that the limiting rate for the District is not sufficient to provide funds to pay the cost of conserving and restoring land to good health, protecting the water quality of rivers, lakes, and streams, providing natural flood water storage, protecting wildlife habitat, protecting forests to improve air quality, improving and maintaining existing forest preserves and trails of said District, and other lawful purposes of the Forest Preserve District of Cook County; and

WHEREAS, it is hereby found and determined by the Board that the need exists for increasing the limiting rate for the District by an additional amount equal to 0.025% above the current limiting rate for the purposes of conserving and restoring land to good health, protecting the water quality of rivers, lakes, and streams, providing natural flood water storage, protecting wildlife habitat, protecting forests to improve air quality, improving and maintaining existing forest preserves and trails of said District, and other lawful purposes of the District, and establishing the same at 0.076% of the equalized assessed value of the taxable property beginning in the first levy year after approval; and

WHEREAS, before the District is authorized to increase its limiting rate to 0.076%, a proposition therefor (the "Proposition") must be submitted to the voters of the District as provided by...

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