TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 15, 2008
COMMITTEE ON REAL ESTATE
Mr. Richard Lanyon, General Superintendent
Title
Authority to pay 2007 real estate taxes in the amount of $419,410.34 for Metropolitan Water Reclamation District of Greater Chicago’s real estate located in Will 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 2007 real estate tax bills for its non-exempt real estate in Will County, Illinois. The property consists of 31 property index numbers. The 2007 taxes for the subject parcels total $419,410.34. The first installment of the 2007 taxes in the amount of $209,705.17 is due on or before June 2, 2008, and the second installment in the amount of $209,705.17 is due on or before September 2, 2008.
Accordingly, it is requested that the General Superintendent recommend to the Board of Commissioners that it authorize and approve the timely payment of the 2007 real estate taxes on the District’s non-exempt property in Will County, Illinois, in the aggregate amount of $419,410.34, in two installments of $209,705.17, one due on June 2, 2008, and one due on September 2, 2008. Account 101-30000-667130.
It is further requested that the General Superintendent 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 $209,705.17 each, one check before June 2, 2008, and one check before September 2, 2008, payable to the Will County Treasurer on account of the 2007 real estate taxes on the District’s non-exempt property in Will County, Illinois.
Requested, Frederick M. Feldman, Attorney, FMF:CL:MIM:nm
Recommended, Richard Lanyon, General Superintendent
Respectfully Submitted, Terrence J. O’Brien, Chairman Committee on Real Estate Development
ORDERED passed by affirmative roll call vote of a majority of the Commissioners present this May 15, 2008. Approved, President Terrence J. O’Brien