HomeMy WebLinkAboutRESOLUTIONS-2016-084-R-1612/05/2016
84-R-16
A RESOLUTION
Abating Taxes Levied for the Year 2016
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 2014, 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, there is available from other sources the amount of
Two Hundred Twenty -Eight Thousand, One Hundred Fifty Dollars ($228,150.00)
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 2014A of the City of Evanston, Cook County,
84-R-16
Illinois, passed July 28, 2014, as Ordinance 91-0-14, be and the same hereby
are abated for the year 2016 by the amount of Two Hundred Twenty -Eight
Thousand, One Hundred Fifty Dollars ($228,150.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 84-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 91-0-14 and the accompanying
Bond Order for the year 2016 in the amount of Two Hundred Twenty -Eight
Thousand, One Hundred Fifty Dollars ($228,150.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 84-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.
Attes
Rodney Gr e, Cly Clerk
Adopted:Q2 2016
Eliza6 th B. Tisdahl, Mayor
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