Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 16-404    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 12/5/2016 Final action: 12/5/2016
Title: A Resolution Approving a Municipal Gas Use Tax Collection Agreement between the Village of Oak Park, Illinois and Northern Illinois Gas Company, d/b/a Nicor Gas Company and Authorizing its Execution
Attachments: 1. Resolution Nicor, 2. Nicor Agreement

Submitted By                     

Paul L. Stephanides, Village Attorney and Steven Drazner, Chief Financial Officer 

 

Reviewed By

CLP

 

Agenda Item Title

Title

A Resolution Approving a Municipal Gas Use Tax Collection Agreement between the Village of Oak Park, Illinois and Northern Illinois Gas Company, d/b/a Nicor Gas Company and Authorizing its Execution

 

End

Overview

Overview

Pursuant to the Agreement, Northern Illinois Gas Company, d/b/a Nicor Gas Company (“Nicor”), will collect the Village’s $0.05 per therm gas use tax pursuant to Section 23A-7-1 through Section 23A-7-5 of the Village Code.

 

Body

Staff Recommendation

Adopt the Resolution.

 

Fiscal Impact

The revenues associated with the adopted gas use tax is are provided for in the FY17 General Fund.

 

Background

The Village adopted Ordinance Number 16-149 on November 21, 2016 which amended Section 23A-7-3 of the Village Code to increase the Village’s gas use tax from $0.022 to $0.05 per therm.  The Agreement between the Village and Nicor authorizes Nicor to collect the tax and remit the proceeds to the Village pursuant to the terms of the Agreement.  Nicor will retain a 3% fee to collect the tax pursuant to Section 23A-7-4 of the Village Code.

 

Alternatives

Not adopt the Resolution.

 

Previous Board Action

On November 21, 2016, the Village Board adopted Ordinance Number 16-149 to establish the Village’s new gas use tax rate.

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A

 

Performance Management (MAP) Alignment

N/A