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HomeMy Public PortalAbout12.16.96 VB Public Hearing Minutesy~ PLAINFIELD VILLAGE BOARD OF TRUSTEES ~- PUBLIC HEARING DATE: DECEMBER 16, 1996 AT: MEETING ROOM VILLAGE HALL MEMBERS OF BOARD PRESENT: PRESIDENT PETERSON, R. ROCK, J. DEMENT, R. SMOLICH, K. STALZER, J. HEIMERDINGER. OTHERS PRESENT: P. MCDONALD -ADMINISTRATOR S. JANIK -CLERK J. HARVEY -ATTORNEY H. HAMILTON -ENGINEER P. WALDOCK -DIRECTOR OF DEV. D. BENNETT -CHIEF OF POLICE J. DUBBIN -PLANNER At 7:15 p.m. President Peterson commenced the Public Hearing on the 1996-97 Tax Levy. PUBLIC HEARING ON 1996-97 TAX LEVY The Village of Plainfield is required to propose a Tax Levy for the following fiscal year by the last Tuesday in December. Key components of the 1996 Levy: 1) 14.6% growth in E.A.V.; 2) 2.7% is the 1996 CPIU Tax Cap; 3) $13,700,000 New Growth; 4) $400,000 New Annexation. We anticipate the 1996 Levy Rate to be reduced by .587% to $0.7127 which includes Sewer Bonds per $100 E.A.V. The Tax Extension Revenue will increase by 10.0% to a total of $970,113. Administrator McDonald stated that the Village of Plainfield has complied by advertising in the local Enterprise Paper telling the public that a Hearing on 1996-97 Tax Levy will be held today, December 16, 1996. J. Heimerdinger moved to adjourn the Public Hearing. Seconded by J. Dement. Voice vote. S yes, 0 no. Motion carried. 7:22 p.rn. Public Hearing adjourned. s' n -~t~.~. ~/~J SUSAN JANI ILLAGE CLERK •