HomeMy WebLinkAbout087-R-1811 /12/2018
87-R-18
A RESOLUTION
Abating Taxes Levied for the Year 2018
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $13,000,000 General Obligation Bonds, Series
2014A, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 28th day of July, 2014, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 91-0-14 entitled:
and
AN ORDINANCE providing for the issuance of one or more series
of not to exceed $13,000,000 General Obligation Corporate
Purpose Bonds, Series 2014A, of the City of Evanston, Cook
County, Illinois, for capital improvement 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, the Series 2014A bond total is Thirteen Million Dollars
($13,000,000), there is available from other sources the amount of Two Hundred
Twenty -Five Thousand, Nine Hundred Sixty -Two Dollars ($225,962.00) which
may lawfully be utilized to pay sums due on said series 2014A 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
87-R-18
General Obligation Bonds, Series 2014A of the City of Evanston, Cook County,
Illinois, passed July 28, 2014, as Ordinance 91-0-14, be and the same hereby
are abated for the year 2018 under the Series 2014A bonds by the amount of
Two Hundred Twenty -Five Thousand, Nine Hundred Sixty -Two Dollars
($225,962.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 87-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 91-0-14 and the accompanying
Bond Order for the year 2018 in the amount of Two Hundred Twenty -Five
Thousand, Nine Hundred Sixty -Two Dollars ($225,962.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 87-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.
2- Z. ,
Stephe H. Ha e y Mayor/
-2-
Attest:
b
Devon Reid, City Clerk
Adopted: NUe-MOef 14 , 2018
—3—
87-R-18
Approved as to form:
1R�lrC.C�U
Michelle L. Masoncup, Corpora ion
Counsel