NOTICE IS HEREBY GIVEN that at the election to be held on Tuesday, November 4, 2014, the following proposition will be submitted to the voters of the Village of Sleepy Hollow:
Shall the limiting rate under the Property Tax Extension Limitation Law for the Village of Sleepy Hollow, Kane County, Illinois, be increased by an additional amount equal to 0.47423% above the limiting rate for municipal purposes for levy year 2014 and be equal to 1.05383% of the equalized assessed value of the taxable property therein for levy year 2014?
(1) The approximate amount of taxes extendable at the most recently extended limiting rate is $523,801 and the approximate amount of taxes extendable therefor if the proposition is approved is $952,372.
(2) For the 2014 levy year the approximate amount of the additional tax extendable against property containing a single family residence and having a fair market value at the time of the referendum of $100,000 is estimated to be $158.08.
(3) If the proposition is approved, the aggregate extension for 2014 will be determined by the limiting rate set forth in the proposition, rather than the otherwise applicable limiting rate calculated under the provisions of the Property Tax Extension Limitation Law (commonly known as the “Property Tax Cap Law”).
The polls at the election will be open at 6:00 o’clock A.M. and will continue to be open until 7:00 o’clock P.M. of that day
Burn Pile will Be Open September 26, to October 23, 2014 with the Following restrictions.
Deposits to the burn pile are restricted to brush and small tree branches with no tree limbs or trunks larger than 4″ diameter. Burn Pile is open to Residents only and Commercial Disposal is Prohibited.
The Village of Sleepy Hollow Illinois is currently accepting applications from qualified individuals for the position of part-time Police Officer
Click here for Qualifications and Details.
VILLAGE OF SLEEPY HOLLOW
AN EQUAL OPPORTUNITY EMPLOYER
A 1.2 million dollar water system improvement program this coming summer. After spending some $500,000 for “lost” water from our inefficient system the past few years the board has taken advantage of the low interest rates for borrowing funds to move forward with an aggressive improvement project. By borrowing $700,000 from a local financial institution and combining it with a $500,000 internal loan from other village accounts, the project will complete in one construction season what would have taken some 15 or 20 years to do with small piece-meal type of improvements that has been done in the past.
The project will consist of replacing 2,450 feet of 4 inch pipe, 600 feet of 2 inch pipe, and 465 feet of 6 inch pipe with new 8 inch pipe. There will be 1,100 feet of 8 inch pipe installed to improve quality issues, 250 feet of 8 inch pipe will be installed to expand the system, 41 additional fire hydrants will be added to improve fire protection capabilities and 14 new valves will be installed for flow control. All of this will result in a more reliable water distribution system and save the village money in the long run.
To pay off the loan obtained to finance this project, residents on the village water system will see the addition of a $6.70 fee to their monthly bills. While the loan is structured for a 10 year pay back, there is no pre-payment penalty so it is the boards’ intention to pay off the loan in less than 10 years. The improvement to the overall efficiency of our water distribution system will make this possible. At that point the loan fee addition to the water bill will be rescinded and the funds borrowed internally will be repaid utilizing the savings realized from the improvement project.
Posted until further notice
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