HomeMy WebLinkAboutRESOLUTIONS-2016-080-R-1612/05/2016
80-R-16
A RESOLUTION
Abating Taxes Levied for the Year 2016
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $19,300,000 General Obligation Bonds, Series
2011A, 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, there is available from other sources the amount of
Four Hundred Twenty -Four Thousand, One Hundred Two Dollars
($424,102.00) 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
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 2016 by the amount of Four Hundred Twenty -Four
Thousand, One Hundred Two Dollars ($424,102.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 80-R-16, 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 2016 in the amount of Four Hundred Twenty -Four
Thousand, One Hundred Two Dollars ($424,102.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 80-R-16 shall be in full force and
effect from and after the date of its passage and approval in the manner
provided by law.
Eliz eth B. Tisdahl, Mayor
Atte t- -
R ney Greere), City CI'erk
Adopted:X2'�n 2016
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