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G-732 - 10/14/2003 - TAX - Ordinances Supporting Documentsv� 0� UAk Q 9� $ VILLAGE OF OAK BROOK f o C q�F Village Board Transmittal Memorandum '0UUNT1 DATE: October 1, 2003 SUBJECT: Utility Tax Ordinance FROM: Darrell Langlois RECOMMENDATION: I move that the Village Board adopt the attached ordinance which extends the imposition of the utility tax on natural gas and electricity at the rate of 5% through December 31, 2004. The Village first imposed utility taxes on various utilities in 1991. When the tax was first imposed, the enabling ordinance included a one year "sunset" provision so that the Village Board could review both necessity and the rates of tax annually. The tax has been re- imposed each year thereafter (at varying rates), and the current ordinance imposing this tax expires on December 31, 2003 When the 2003 -2007 Five -Year Plan was completed, it was projected the these taxes were needed at the maximum rate of 5% for the duration of the planning period. Since that time, there have not been d enough positive events from a revenue perspective that would enable the Village to consider lowering these taxes without impacting existing service levels, at least in the next several years. Although the Village Board has not yet considered either the 2004 Budget or 2004 -2008 Five -Year Financial Plan, action on this item is requested at this time in order to give appropriate notice to the utilities of the village's intent to continue imposition of these taxes. Thus, it is recommended that the Village Board extend the taxes at the rate of 5% through December 31, 2004. For 2003, 60% of the receipts of this tax are allocated to the Infrastructure Fund and 40% of the receipts are allocated to the General Corporate Fund. At budget time we will finalize the use for these funds for 2004. Please let me know if you have any questions or comments. uttaxordiance doc ? � 7. BOARD & COMMISSION RECOMMENDATIONS None. BD /COMM RECOM 8 ACTIVE AGENDA (Items for Final Action) ACTIVE AGENDA A. CONFIRMATION OF APPOINTMENTS None. CNFRM APPTs B ORDINANCES & RESOLUTIONS ORD /REs 1) WINANCE 2003- TX -UT -G -732 "AN ORDINANCE FURTHER ORD 03- TX -UT -G- ENDING ORDINANCE G -470 ESTABLISHING A UTILITY T/-A5/-X' UTILITY TAX WITHIN THE VILLAGE OF OAK BROOK, ILLINOIS" The Village first imposed utility taxes on various utilities in 1991 When the tax was first imposed, the enabling ordinance included a one year "sunset" provision so that the Village Board could review both necessity and the rates of tax annually. The tax has been re- imposed each year thereafter (at varying rates), and the current ordinance imposing this tax expires on December 31, 2003. When the 2003 -2007 Five -Year Plan was completed, it was projected that these taxes were needed at the maximum rate of 5% for the duration of the planning period. Since that time, there have not been enough positive events from a revenue perspective that would enable the Village to consider lowering these taxes without impacting existing service levels, at least in the next several years. Although the Village Board has not yet considered either the 2004 Budget or 2004 -2008 Five -Year Financial Plan, action on this item is requested at this time in order to give appropriate notice to the utilities of the Village's intent to continue imposition of these taxes. Thus, it is recommended that the Village Board extend the taxes at the rate of 5% through December 31, 2004 For 2003, 60% of the receipts of this tax are allocated to the Infrastructure Fund and 40% of the receipts are allocated to the General Corporate Fund. At budget time the use for these funds for 2004 will be finalized. Motion by Trustee Yusuf, seconded by Trustee Aktipis, that the Board of Trustees pass Ordinance 2003- TX -UT -G -732, "An Ordinance Further Amending Ordinance G -470, Establishing a Utility Tax within the Village of Oak Brook, Illinois " ROLL CALL VOTE. Ayes: 6 — Trustees Aktipis, Caleel, Craig, Korin, Miologos and Yusuf Nays: 0 - None. Absent: 0 - None. Motion carried VILLAGE OF OAK BROOK Minutes Page 5 of 9 October 14, 2003 Oq�.� a �P � 9 COUNTI Village of Oak '"rook 1200 Oak Brook Road Oak Brook, IL 60523 -2255 Website www.oak- brook.org Administration 630 990 3000 FAX 630 990 0876 Community Development 630 990 3045 FAX 630 990 3985 Engineering Department 630 990 3010 FAX 630 990 3985 Fire Department 630 990 3040 FAX 630 990 2392 Police Department 630 990 2358 FAX 630 990 7484 Public Works Department 630 990 3044 FAX 630 472 0223 Oak Brook Public Library 600 Oak Brook Road Oak Brook, IL 60523 -2200 630 990 2222 FAX 630 990 4509 Oak Brook Sports Core Bath &"Tennis Club 700 Oak Brook Road Oak Brook, IL 60523 -4600 6' )0 990 3020 FAX 630 990 1002 Golf Club 2606 Yoik Road Oak Brook, IL 60523 -4602 6' )0 990 3032 FAX 630 990 0245 October 21, 2003 Sterling Codifiers, Inc. Attention: Robertson S. Rollins, General Manager 7600 Mineral Drive Coeur d'Alene, ID 83814 • ' §:3 The Village Board, at their Board Meeting of Tuesday, October 14, 2003, passed and approved the following ordinances: ORDINANCE 2003- AL -RR -G -731 AN ORDINANCE AMENDING TITLE 4 CHAPTER 1, LIQUOR CONTROL, SECTION 4- 1- 24 -B.3e OF THE VILLAGE CODE OF THE VILLAGE OF OAK BROOK, ILLINOIS �RDINANCE 2003- TX -UT -G -732 AN ORDINANCE FURTHER AMENDING ORDINANCE G -470, ESTABLISHING A UTILITY TAX WITHIN THE VILLAGE OF OAK BROOK, ILLINOIS The above Ordinances are being forwarded to your for inclusion in the Code of Ordinances of the Village of Oak Brook. I would appreciate your acknowledging receipt of these Ordinances. Sincerely, i64��l S6,z:1,4, Richard B. Boehm Village Manager RBB /jr Enclosure