HomeMy WebLinkAbout083-R-1811 /12/2018
83-R-18
A RESOLUTION
Abating Taxes Levied for the Year 2018
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $19,300,000 General Obligation Bonds, Series
2011 A, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 11th day of July, 2011, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 59-0-11 entitled:
and
An Ordinance providing for the issuance of one or more series of
General Obligation Bonds, Series 2011A, of the City of Evanston,
Cook County, Illinois, 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, the Series 2011A bond total is Nineteen Million Three
Hundred Thousand Dollars ($19,300,000) there is available from other sources
the amount of Four Hundred Fourteen Thousand, Eight Hundred Twenty -Five
Dollars ($414,825) which may lawfully be utilized to pay sums due on said
2011A 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
83-R-18
General Obligation Bonds, Series 2011A, of the City of Evanston, Cook County,
Illinois, passed July 11, 2011, as Ordinance 59-0-11, be and the same hereby.
are abated for the year 2018 under the Series 2011A bonds by the amount of
Four Hundred Fourteen Thousand, Eight Hundred Twenty -Five Dollars
($414,825).
SECTION 2: That the City Manager, upon passage of this
Resolution 83-R-18, 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 59-0-11 and the accompanying
Bond Order for the year 2018 in the amount of Four Hundred Fourteen
Thousand, Eight Hundred Twenty -Five Dollars ($414,825).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 83-R-18 shall be in full force and
effect from and after the date of its passage and approval in the manner
provided by law.
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Stephen H. HVgeryy, flay r
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Attest: �r '�•
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Devon Reid, City Clerk
Adopted: \1a,)eAAeC �q
, 2018
-3-
Approved as to form:
Michelle L. Masoncup, Corpolation
Counsel