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File #:
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16-1291
Version:
1
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Type:
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Motion
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Status:
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Adopted
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On agenda:
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12/8/2016
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Final action:
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12/8/2016
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Title:
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MOTION to increase the Reserve Claim Fund
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MOTION FOR SPECIAL MEETING OF DECEMBER 8, 2016
Title
MOTION to increase the Reserve Claim Fund
Body
I move that the District increase the Reserve Claim Fund authorized by 70 ILCS 2605/12 towards the statutory maximum authorized by law and to annually levy upon all taxable property within its corporate limits a tax not to exceed .005% of the assessed valuation of said taxable property as equalized and determined for State and local taxes; provided, however, that the aggregate amount which may be accrued in such reserve fund shall not exceed .05% of such assessed valuation.
Dated: December 8, 2016
_______________________________
Commissioner
(Motion D)
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