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R-06-97 Committing To Non-Home Rule Property Tax Restrictions If Home Rule Status Is Achieved In LemontITEM V.C.3 RESOLUTION K.- l0 RESOLUTION COMMITTING TO NON -HOME RULE PROPERTY TAX RESTRICTIONS IF HOME RULE STATUS IS ACHIEVED IN LEMONT WHEREAS, the Village of Lemont is seeking voter approval to become a home rule municipality as authorized by state statutes; and WHEREAS, the purpose of seeking home rule status is to provide for the funding of a local road program to improve the quality of Village streets; and WHEREAS, the specific revenue sources necessary to fund such a program have been limited to development impact fees and a real estate transfer tax; and WHEREAS, although home rule powers provide municipalities with the ability to exceed statutory property tax rate limitations and tax cap restrictions, it is not the intent of the Village Board to exceed the current restrictions pertaining to property taxes; and WHEREAS, the Village will provide a commitment to the community not to exceed the current property tax restrictions if home rule is adopted. NOW, THEREFORE BE IT RESOLVED THAT: SECTION ONE: If the Village of Lemont is successful in attaining home rule status, the Village Board will abide by all property tax restrictions and limitations currently imposed upon non -home rule communities. SECTION TWO: Upon designation as a home rule community the Village Clerk shall provide the Cook, Will and DuPage County Clerks with a copy of this resolution to insure compliance with all applicable property tax limitations. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS on this 24th day of February , 1997. Barbara Buschman Alice Chin Keith Latz Connie Markiewicz Richard Rimbo Ralph Schobert AYES NAYS PASSED ABSENT v v v v Approved by me this 24th day of Feb ary, 199 41_,,4,..„ 1 r i A. KWASNESKI, Village President Atte t: ENE SMOLL N, Village Clerk ENE SMOLLEN, Village Clerk