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Addison board adopts 2025 tax levy, multiple bond abatements and several permits
Summary
At its Dec. 15 meeting the Village of Addison adopted a property tax levy for the 2025 fiscal year, approved abatements for several prior refunding bond issues, approved a special-use planned development at 2349 West Lake Street, accepted Highlands subdivision public improvements, and approved a raffle permit for a school event. All votes recorded were affirmative.
The Village of Addison board unanimously adopted an ordinance levying property taxes for corporate purposes for the fiscal year beginning May 2025 and ending April 2026 and approved a package of related ordinances and resolutions at its Dec. 15 meeting.
The board also adopted second-reading ordinances abating portions of the 2025 tax levy to pay interest and principal on prior general-obligation refunding bonds: $8,995,000 (series 2015), $9,525,000 (series 2016A), $2,130,000 (series 2016B) and $5,400,000 (series 2017). Committee members had reviewed those measures at earlier meetings; each ordinance was moved, seconded and approved by roll call.
Members also approved a second-reading ordinance granting a special use for a planned development with variations and exceptions at 2349 West Lake Street for LPC Acquisition Company LLC. The board approved a resolution accepting the bill of sale and public improvements for the Highlands subdivision at the southeast corner of Lombard Road and Holts Avenue.
The consent agenda — which included three accounts-payable directives cited at the meeting (Directive 26-47: $2,752,035.71; Directive 26-48: $2,290,113.18; Directive 26-49: $2,061,940.69) — was approved by roll call. The board also approved a reciprocal agreement to exchange sales-tax information with the Illinois Department of Revenue and a raffle permit for the Illinois Teachers Association event at Centura High School on Dec. 21.
All roll-call votes on ordinances and the resolution recorded affirmative responses from trustees and the mayor as read aloud during the meeting. No amendments or substantive debate on the ordinances were recorded in the transcript; presenters stated the committee recommended approval and first reading had already occurred for each item.
Next procedural steps: the adopted levy and the abatements are ordinances enacted on second reading; additional administrative steps (filing or publication) were not discussed on the record during the meeting.
