HomeMy WebLinkAbout031-R-185/4/2018
31-R-18
A RESOLUTION AUTHORIZING THE CITY OF EVANSTON TO REQUEST
VOLUME CAP ALLOCATION FOR PRIVATE ACTIVITY BONDS FROM
THE STATE OF ILLINOIS GOVERNOR'S OFFICE
WHEREAS, the City of Evanston, Illinois, is a home rule unit of local
government under the Illinois Constitution, 1970, Article VII, Section 6; and
WHEREAS, pursuant to Article VII, Section 6(a), of the Illinois
Constitution, 1970, the City of Evanston may exercise any power and perform any
function pertaining to its government and affairs including, but not limited to, the power
to regulate for the protection of the public heath, safety, morals and welfare; and
WHEREAS, the Illinois Private Activity Bond Allocation Act, 30 Illinois
Compiled Statutes 2006, 345/1 et seq., as supplemented and amended, provides that
a home rule municipality may request volume cap allocation equal to $105.00 per
resident of that municipality in each calendar year, which volume cap may be
allocated to certain tax-exempt private activity bonds; and
WHEREAS, it is now deemed necessary and desirable by the City of
Evanston to request volume cap allocation for 2018;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF EVANSTON THAT:
SECTION 1: Pursuant to the Illinois Private Bond Allocation Act, 30
Illinois Compiled Statutes 2006, 345/1 et seq., the City of Evanston hereby requests
that the Governor's office of the State of Illinois allocate volume cap in the amount of
$7,821,030.00 for calendar year'2018.
31-R-18
SECTION 2: This Resolution shall be in full force and effect from and
after its passage and approval in the manner provided by law.
Attest:
Devon Reid, City
Adopted: .MQ� I q
, 2018
F,V2"n's5A71,
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Approved as to form:
N
Michelle L. Masoncup,� Interim Corporation
Counsel
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