HomeMy WebLinkAbout104-R-1712/11 /2017
104-R-17
A RESOLUTION
Abating Taxes Levied for the Year 2017
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $30,000,000 General Obligation Bonds, Series
2013B, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 28th day of October, 2013, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 114-0-13
entitled:
and
An Ordinance providing for the issuance of one or more series of
not to exceed $30,000,000 General Obligation Refunding Bonds,
Series 2013B, of the City of Evanston, Cook County, Illinois, for
refunding 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 2013B bond total is Thirty Million Dollars
($30,000,000), there is available from other sources the amount of One Million,
Six Hundred Seventeen Thousand, Nine Hundred Sixteen Dollars
($1,617,916.00) which may lawfully be utilized to pay sums due on said series
2013B bonds for which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
104-R-17
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 2013B, of the City of Evanston, Cook County,
Illinois, passed October 28, 2013, as Ordinance 114-0-13, be and the same
hereby are abated for the year 2017 by the amount of One Million, Six Hundred
Seventeen Thousand, Nine Hundred Sixteen Dollars ($1,617,916.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 104-R-17, 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 114-0-13 and the
accompanying Bond Order for the year 2017 under the Series 2013B bonds in
the amount of One Million, Six Hundred Seventeen Thousand, Nine Hundred
Sixteen Dollars ($1,617,916.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 104-R-17 shall be in full force
and effect from and after the date of its passage and approval in the manner
provided by law.
Stephe H. Ha erty, yo
—2—
Attest: 0
Devon Reid, Cit Jerk
Adopted: L a—L � 1 , 2017
MCC
104-R-17