HomeMy WebLinkAboutRESOLUTIONS-2014-106-R-1411 /24/14
106-R-14
A RESOLUTION
Abating Taxes Levied for the Year 2014
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $30,000,000 General Obligation Bonds, Series
2013131 of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 28th day of October, 2013, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 114-0-13
entitled:
and
An Ordinance providing for the issuance of one or more series of
not to exceed $30,000,000 General Obligation Refunding Bands,
Series 2013B, of the City of Evanston, Cook County, Illinois, for
refunding purposes, authorizing the execution of one or more bond
orders in connection therewith and providing for the levy and
collection of a direct annual tax for the payment of the principal of
and interest on said bonds;
WHEREAS, there is available from other sources the amount of
One Million, Three Hundred Four Thousand, Five Hundred Thirty -One Dollars
($1,304,531.00) which may lawfully be utilized to pay sums due on said bonds for
which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the taxes heretofore levied and provided for in
the Ordinance and in the accompanying Bond Order providing for the issuance of
106-R-14
General Obligation Bonds, Series 2013B, of the City of Evanston, Cook County,
Illinois, passed October 28, 2013, as Ordinance 114-0-13, be and the same
hereby are abated for the year 2014 by the amount of One Million, Three
Hundred Four Thousand, Five Hundred Thirty -One Dollars ($1,304,531.00)
SECTION 2: That the City Manager, upon passage of this
Resolution 106-R-14, shall cause to be filed with the County Clerk of Cook
County, Illinois, a certified copy hereof and shall direct said County Clerk to abate
the taxes heretofore levied under said Ordinance 114-0-13 and the
accompanying Bond Order for the year 2014 in the amount of One Million, Three
Hundred Four Thousand, Five Hundred Thirty -One Dollars ($1,304,531.00)
SECTION 1: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 2: That this Resolution 106-R-14 shall be in full force
and effect from and after the date of its passage and approval in the manner
provided by law.
Atte .
Ro ney G ene, City Clerk
Adopted:`Eet4P-iYlbPf_ %_, 2014
Eliz th B. Tisdahl, Mayor
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