Under the ordinance, approved by a 5-0 vote, anyone in the village with an assault rifle has 90 days to either remove it from the village limits, alter the weapon to make it permanently inoperable or turn it over to police for disposal. Anyone who violates the ordinance faces a fine of from $100 to $750.Here's the ordinance. I don't know who put this up but it's already in violation of state law by including handgun bans in it (and it bans practically all semi-auto handguns) and the majority of semi-auto firearms.
So w/i 90 days, you need to get rid of your personal property based off of the fears of some local committee hacks that decided to hold a townhall at the last minute (to limit public input) w/ a pre-determined agenda.
Update: They forgot a decimal unless they think that "22 caliber" firearms are fine. They can pry my battleship guns from my cold dead hands.