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VILLAGE OF OAK BROOK
Village Board Transmittal Memorandum
DATE: October 4, 2001
SUBJECT: Tax Rate Increases
FROM: Darrell Langlois, Finance Director R
RECOMMENDATION: 1. That the Village Board approve the attached ordinance which
increases the Municipal Telecommunications Tax imposed
under Chapter 3, Title 5 of the Village Code of the Village of
Oak Brook from 3% to 5 %.
2. That the Village Board approve the attached ordinance which
increases the Municipal Utility Tax imposed under Chapter 1,
Title 5 of the Village Code of the Village of Oak Brook from 3%
to 4% and extends the "sunset" provision by one year to
December 31, 2002.
3. That the Village Board approve the attached ordinance which
increases the Municipal Electricity Tax for each of ten rate tiers
imposed under Chapter 4, Title 5 of the Village Code of the
Village of Oak Brook by 33.3% in order to generate an amount
that approximates 4% of gross receipts.
Pursuant to the recent discussions regarding the 2002 -2006 Five -Year Financial Plan, attached are three
ordinances which put in place the revenue enhancement required under Option B -3. The revised rates
have been made effective as of November 1, 2001 (the earliest date we could reasonably expect the
utilities to implement the changes). As a reminder, the telecommunication tax increase of 2% will be
deposited in the General Corporate Fund and the equivalent 1% increase in the utility tax and
electricity tax will be deposited in the Equipment Replacement in order to fund the General Corporate
Fund and Infrastructure Fund share of equipment replacement charges.
Please let me know if you have any comments of questions.
elecutelecomtaxincrease doc
S. F. Trustee Korin voiced her opposition to the additional tax, although she
agreed that businesses were drawn to the Village of Oak Brook because of
the excellent services provided. She still felt the hiring of additional
personnel was not prudent until there was a better feel for what revenues
will do. Village Manager Veitch reiterated that it was still the plan not to
hire any additional personnel (with the exception of minimal Library staff)
until mid -year.
Motion by Trustee Savino and seconded by Trustee Butler, to adopt Plan
B-4 of the 2002 -2006 Five -Year Financial Plan which included a 5% utility
tax and telecommunication tar. VOICE VOTE: Nays: Trustees Craig and
Korin. Motion carried.
S. B. 2. ORDINANCE 2001- TX- TELCOM -G -684 AN ORDINANCE
FURTHER AMENDING ORDINANCE G -645 AN ORDINANCE
IMPOSING A MUNICIPAL TELECOMMUNICATION TAX
WITHIN THE VILLAGE OF OAK BROOK DUPAGE AND COOK
COUNTIES, IL
Pursuant to the recent discussions regarding the 2002 -2006 Five -Year
Financial Plan, the three ordinances have been prepared to put in place
the revenue enhancement required under Option B -3. The revised
rates have been made effective as of November 1, 2001 (the earliest
date the Village could reasonably expect the utilities to implement the
changes). The telecommunication tat increase of 2% will be
deposited in the General Corporate Fund, a 1% increase in the utility
tax and electricity tax will be deposited in the Equipment Replacement
Fund in order to fund the prior General Corporate Fund and
Infrastructure Fund share of equipment replacement charges, and the
additional 1% increase ,vill be deposited in the General Corporate
Fund.
Motion by Trustee Savino, seconded by Trustee Butler, to approve
Ordinance 2001- TX- TELCOM -G -684 "An Ordinance Further
Amending Ordinance G -645, An Ordinance Imposing a Municipal
Telecommunication Tax Within the Village of Oak Brook, DuPage
and Cook Counties, IL ", which increases the Municipal
Telecommunications Tax imposed under Chapter 3, Title 5 of the
Village Code of the Village of Oak Brook from 3% to 5% as presented
and waive the full reading thereof. ROLL CALL VOTE:
Ayes: 4 — Trustees Butler, Caleel, Korin and Savino
Nays: 1 - Trustee Craig.
Absent: 1 - Trustees Miologos. Motion carried.
VILLAGE OF OAK BROOK Minutes Page 10 of 19 October 9, 2001
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ORD # 01 -TX-
TELCOM -G -6 84
AIMND G -645 -
TELECOMNI TAX
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0OUNTI
VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS 60523 -2255
PHONE- 630 990 -3000
October 10, 2001 FAX. 630 990 -0876
W E B S I T E: www oak -brook org
STERLING CODIFIERS, INC.
7600 Mineral Drive, Suite 200
Coeur d'Alene, ID 83814
Attn: Robertson S. Rollins, General Manager
Dear Rob:
The Village Board, at their meeting of Tuesday, October 9, 2001, passed and approved:
/RDINANCE 2001 -TX- TELCOM -G -684. AN ORDINANCE FURTHER AMENDING ORDINANCE
G -645. "AN ORDINANCE IMPOSING A MUNICIPAL TELECOMMUNICATION TAX WITHIN THE
VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, IL"
ORDINANCE 2001- TX -UT -G -685, AN ORDINANCE FURTHER AMENDING ORDINANCE G-470
"AN ORDINANCE ESTABLISHING A UTILITY TAX WITHIN THE VILLAGE OF OAK BROOK
DU PAGE AND COOK COUNTIES, ILLINOIS"
-WON
The above ordinances are being forwardedto you for inclusion in the Village Code of the Village of Oak Brook. I
would appreciate your acknowledging receipt of this ordinance.
Sincerely,
2 l M�
Richard A Martens
Village Attorney
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Enclosures