TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 10, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to pay 2013 real estate taxes in the amount of $67,095.12 for Metropolitan Water Reclamation District of Greater Chicago's real estate located in Fulton County, Illinois. Account 101-30000-667130
Body
Dear Sir:
Pursuant to the Illinois Property Tax Code, 35 ILCS 200/15-143, the District is responsible for the real estate taxes on land owned and located outside of Cook County, unless specifically exempt.
The District has now received the 2013 real estate tax bills for its non-exempt real estate in Fulton County, Illinois. The property consists of 79 separate property index numbers. The 2013 taxes for the subject parcels total $67,095.12. The first installment of the 2013 taxes in the amount of $33,547.56 is due on or before July 18, 2014, and the second installment of the 2013 taxes in the amount of $33,547.56 is due on or before September 2, 2014.
Accordingly, it is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the timely payment of the 2013 real estate taxes on the District's non-exempt property in Fulton County, Illinois in the aggregate amount of $67,095.12, representing one installment of $33,547.56 due on July 18, 2014, and one installment of $33,547.56 due on September 2, 2014.
It is further requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee on Finance and the Clerk to issue two checks in the amount of $33,547.56 each; one check before July 18, 2014, and one check before September 2, 2014, respectively, payable to the Fulton County Collector for the 2013 real estate taxes on District's non-exempt property in Fulton County, Illinois.
Funds are available in Account 101-30000-667130.
Requested, Ronald M. Hill, General Counsel, RMH:STM:TN:MM:ss
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Mariyana T. Spyropoulos, Chairman Committee on Real Estate Development
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for July 10, 2014