G-685 - 10/09/2001 - TAX - Ordinances Supporting DocumentsVILLAGE OF OAK BROOK
Village Board Transmittal Memorandum Wo
DATE: October 4, 2001
SUBJECT: Tax Rate Increases
FROM: Darrell Langlois, Finance Director
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
0 2. Oak Brook from 3% to 5 %.
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. B. 3) )ORDINANCE 2001- TX -UT -G -685 AN ORDINANCE FURTHER ORD uol - TX -UT.G-
AMENDING ORDINANCE G -470, "AN ORDINANCE 66' ANIND G-470
UTILITY TAX
ESTABLISHING A UTILITY TAX WITHIN THE VILLAGE OF
OAK BROOK, DUPAGE AND COOK COUNTIES, ILLINOIS"
Manager Veitch stated that based on the vote related to the Five -Year
Plan, the tar rate reflected in this Ordinance would be revised from
4% to 5% (increasing from 3 %).
Motion by Trustee Savino, seconded by Trustee Butler, to approve
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 ", 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 5% and
extends the "sunset" provision by one year to December 31, 2002 as
amended and waive the full reading thereof. ROLL CALL VOTE:
Ayes: 4 — President Bushy, Trustees Butler, Caleel and Savino.
Nays: 2 - Trustees Craig and Korin.
Absent: 1 - Trustee Miologos. Motion carved.
President Bushy voted because there was not a clear majority.
4) ORDINANCE 2001- TX -UT -G -686 AN ORDINANCE AMENDING ORD »01 - TX -UT -G-
CHAPTER 4 OF TITLE 5 OF THE VILLAGE CODE OF THE TIT E,�D CEI �P i
VILLAGE OF OAK BROOK ESTABLISHING AN ELECTRICITY
TAX WITHIN THE VILLAGE OF OAK BROOK, DUPAGE AND
COOK COUNTIES, ILLINOIS
Manager Veitch stated that based on the vote related to the Five -Year
Plan, the rate of the increase in this Ordinance would be revised from
the equivalent of 4% of gross receipts to 5% of gross receipts
(increased from 3 %).
Motion by Trustee Savino, seconded by Trustee Butler, to approve
Ordinance 2001- TX- UT -G -6S6 "An Ordinance Amending Chapter 4
of Title 5 of the Village Code of the Village of Oak Brook
Establishing an Electricity Tar Within the Village of Oak Brook,
DuPage and Cook Counties, Illinois ", 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 5% of gross receipts as
aniended and waive the full reading thereof.
VILLAGE OF OAK BROOK Minutes Page 11 of 19 October 9, 2001
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VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS 60523 -2255
PHONE. 630 990 -3000
October 10, 2001 FAX 6 3 0 9 9 0 - 0 8 7 6
WEBSITE. wwiv 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:
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, 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
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
RAM.sps
Enclosures
Sincerely,
IN
Lk
Richard A. Martens
Village Attorney