Regular meeting of City Council
Regular meeting of City Council Committee of the Whole
Notice of Proposed Property Tax Increase for the City of Urbana, Illinois
A public hearing to approve a proposed property tax increase for the City of Urbana for 2019 will be held on December 9, 2019 at 7:00 p.m. at the City of Urbana Council Chambers, 400 S. Vine Street, Urbana, IL 61801. Any person desiring to appear at the public hearing and present testimony to the taxing district may contract Charles Smyth, City Clerk, 400 S. Vine Street, Urbana, Illinois 61801 at 217-384-2362.
The corporate and special purpose property taxes extended or abated for 2018 were $7,876,330. The proposed corporate and special service property taxes to be levied for 2019 are $10,325,152. This represents a 31.1% increase over the previous year.
The property taxes extended for debt service and public building commission leases for 2018 were $0. The estimated property taxes to be levied for debt service and public building commission leases for 2019 are $0. This represents a 0.00% increase over the previous year.
The total property taxes extended or abated for 2018 were $7,876,330. The estimated total property taxes to be levied for 2019 are $10,325,152. This represents a 31.1% increase over the previous year.
The Urbana City Council will hold a public hearing, continued from September 23, 2019, at 7:00pm on Monday, December 9, 2019, in the Urbana City Council Chambers, 400 South Vine Street, Urbana, Illinois, to receive public input on a proposed annexation agreement between the City of Urbana and Henri Merkelo. The proposed annexation agreement is for a tract of land consisting of approximately 1.01 acres and generally located east of North Smith Road, and north of University Avenue. The property is commonly referred to as 2218 East University Avenue and has a permanent index number of 30-21-10-351-016.
Regular meeting of City Council Committee of the Whole
Notice is hereby given that the City Council of the City of Urbana, Champaign County, Illinois (the “City”) will hold a public hearing on Monday, December 2, 2019 at its regular meeting at 7:00 p.m., at the City Council Chambers, 400 South Vine Street, Urbana, Illinois, pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, to consider the proposed issuance by the City of its not to exceed $7,000,000 aggregate principal amount of Capital Improvement Revenue Bonds, Series 2019 (the “Bonds”). The proceeds of the Bonds will be loaned to Cunningham Children’s Home of Urbana, Illinois, an Illinois not-for-profit corporation (the “Borrower”), and will be used to (a) finance and refinance (by refunding certain prior obligations) the acquisition, construction and installation of land, buildings, furniture, fixtures and equipment for an Education and Recreation Center and a Residential Treatment Center at 1303 North Cunningham Avenue, in Urbana, Illinois (the “Project”), and (b) pay a portion of the costs of issuing the Bonds. The Borrower wishes to have the City issue its Bonds to finance and refinance the Project, including but not limited to fees for credit enhancement or liquidity support for the Bonds. The City is a municipality and a home rule unit of local government and is authorized and empowered by the provisions of The Industrial Project Revenue Bond Act (65 ILCS 5/11-74-1 et seq.), as supplemented and amended from time to time (the “Act”). The Bonds will be payable solely out of the revenues and other funds pledged for their payment in accordance with the Loan Agreement relating to the Bonds and is not a general obligation of the City. Written comments may also be submitted to the City Clerk of Urbana, Illinois at 400 South Vine Street, Urbana, Illinois 61801, until November 29, 2019. Subsequent to the public hearing at its regular meeting the City Council shall consider approval of the Bonds. NOTICE DATED: November 22, 2019
Special meeting of the Urbana City Council Committee of the Whole
Regular meeting of City Council Committee of the Whole
Urbana City Council Special Meeting
Regular meeting of City Council
