The Grayslake Village Board officially approved the 2012 tax levy at Tuesday's meeting.
The $2.95 million levy is equal to the amount the village received this year from the 2011 levy, meaning there is no increase for taxpayers. The small tax break is the result of the village being debt-free and having a balanced budget, said officials.
The 2012 levy will result in property tax receipts for the village in 2013. The village portion of the tax bill is just over 4 percent. Since 1987, the village’s tax rate has declined more than 46 percent.
In other board action, trustees authorized the execution of a pipeline relocation agreement between the village and West Shore Pipeline in conjunction with the Atkinson Road extension project.
Prior to the start of the project, a 16-inch pipeline crossing Route 120 and Atkinson Road will be relocated. About 89 percent of the pipeline to be relocated is located in easements held by West Shore, with the balance located in the right-of-way for Route 120.
West Shore is entitled to reimbursement for the cost of relocating the portion of the pipeline within its easements. The relocation is estimated to cost $1.42 million, of which the village's share is about $1.26 million. Construction is expected to begin next spring.
Trustees also approved $26,000 for the cost of contracting with Boller Construction for the repair and maintenance of the chlorinating system at the pump station/water reservoir.