Shorewood to abate 2017 property taxes levied to pay for outstanding debt
The Shorewood Village Board of Trustees approved a measure to abate 2017 property taxes levied to pay for outstanding debt at its Oct. 24 meeting.
In a 5-0 decision, officials took time to review an ordinance to satisfy this aim. Trustee Daniel Warren was absent.
“These ordinances solidify the Village’s intentions to not use property taxes to pay the debt service on the bonds next year,” Finance Director Anne Burkholder said.
The Village is required to submit a certified copy of abatement ordinances to Will County by Dec. 26.
Shorewood Mayor Rick Chapman questioned if officials can choose to waive the second read for each measure as presented.
Upon a motion made by Trustee Daniel Anderson seconded by Trustee Barbara “Cookie” Kirkland, the board came to a consenus to take action on the first of three ordinances.
Board action provided officials with the procedural guidance to allot alternative funds in the amount of $458,265 toward its 2009 general obligation bonds, which supported the Village’s water tower and force main, using water and sewer tap-on fees.
Trustees later went on to approve and waive the second read for an ordinance to abate $65, 102.50 in property taxes set to pay for outstanding debt related to the issuance of a 2010 general obligation bonds and another $449,910 to account for a 2011 general obligation bonds. Instead, Shorewood officials intend to put to use its utility taxes to take care of refunding bonds for construction of Village Hall and budget in funds derived from limited tax bond and utility taxes toward its public works building.
Ash tree removal update
Also at the meeting, Trustee Dan Anderson provided an update on the Village’s ash tree replacements. As the community moves further into fall, he wanted to remind the public that trees will require about five to 10 gallons of water each week.
Leaf pick-up program continues
The Village of Shorewood’s fall leaf pick up collection resumed earlier this month. Anderson encouraged residents to use the program and cautioned them from adding debris, trash or cans when discarding of leaves. Collection will continue to run through Dec. 1.
Round it up
A brief recap of action and discussion from the Oct. 24 regular meeting of the Shorewood Village Board of Trustees:
Officials approved a final payment in the amount of $38,574.25 to P. T. Ferro Construction Company to account for work performed on the Village’s 2017 motor fuel tax project.
Trustees allotted $110,104 to Tirapelli Ford to pay for three 2017 Ford Explorer to be utilized by the Shorewood Police Department.
The board authorized a payment in the amount of $30,433.50 to Wilkinson Excavating for work performed on Wynstone Park.
Trustees approved a payment in the amount of $10,204.65 to the Illinois Department of Transportation for Black Road improvements from River Road to I-55.