O-72-15ORDINANCE N0. 0 -72- 15
AN ORDINANCE DECLARING A REBATE ON
SPECIAL ASSESSMENT WARRANT'NO. 99
WHEREAS, pursuant to statute, the Village of Deerfield did
heretofore institute special assessment proceedings for local improvements
known as Special Assessment Warrant Number 99. (Sidewalks along Wilmot
Road), which improvements have been completed; and.
WHEREAS, the Village Treasurer has advised the President and
Board of Trustees that after final settlement with the corrtractor for said
improvements and after full payment of all vouchers, bonds and interest
coupons there remains a surplus of funds collected with interest earned
thereon; and
WHEREAS, pursuant to statute in such case made and provided,
the Village is authorized to utilize such surplus funds to reimburse the
public benefit fund.
NOW, THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS,
AS FOLLOWS:
SECTION That with respect to Village of Deerfield
ONE: Special Assessment Warrant No. 99 (Sidewalks
along Wilmot Road), there'is hereby found to
be a surplus In the amount of $1,029.74, all as is more fully set forth
on Schedule "A" which is attached hereto and made a part hereof, and a
rebate thereof is hereby declared, and the public benefit fund of the
Village of Deerfield be reimbursed in said amount.
SECTION That the Village Treasurer is hereby authorized
TWO: and directed in pursuance of the rebate hereby
declared to reimburse the public benefit fund
of the Village of Deerfield.
SECTION That this Ordinance shall be in full force
THREE: and effect from and after its passage, approval
and publication, as provided by law.
AYES: SIX (6)
NAYS: NONE (0)
ABSENT: NONE (0)
PASSED-this 20th day of March A.D. 1972
APPROVED thi "s 20th day of March A.D.•1972
.TTEST_ 4
VILLAGE CLERK VILLAGE PRESIDENT
Schedule "A"
VILLAGE OF DEERFIELD
SPECIAL ASSESSMENT WARRANT NUMBER 99
IMPROVEMENT OF WILMOT ROAD SIDEWALKS
COMPUTATION OF FUNDS TO BE REBATED
Cost of Project:
General contractor $20,787.00
Engineers 2,078.70_
Total of direct costs 22,865.70
Attorney fees 762.93
Legal notices 110.94
Printing bonds 115.91
Total cost 23,855.48
Assessments levied and collected 25.379.83
Principal surplus 1,524.35
Interest surplus 179_06
Total surplus 1,703.41
Six per cent charge to cover "the making,
levying and coliecting" $1,436.60
Attorney fees 62.
Village portion of 6% levy 673.67
Balance applicable first to reimbursement
of Public Benefit Fund 1,029,74
Reimbursement of Public Benefit Fund
Originally paid - Principal $4,263.07
Reimbursement 1,029,74
Batance to be rebated - 0 -