HomeMy WebLinkAbout100-R-1712/11 /2017
100-R-17
A RESOLUTION
Abating Taxes Levied for the Year 2017
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $9,166,678 General Obligation Bonds, Series
2010B, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 9th day of August, 2010, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 65-0-10 entitled:
and
An Ordinance providing for the issuance of not to exceed
$9,166,678 General Obligation Bonds, Series 2010, 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, the Series 2008B bond total is Nine Million, One
Hundred Sixty -Six Thousand, Six Hundred Seventy -Eight Dollars ($9,166,678)
there is available from other sources the amount of One Million, One Hundred
Twenty -Three Thousand, Five Hundred Seventy -Eight Dollars ($1,123,578.00)
which may lawfully be utilized to pay sums due on said series 2010B bonds for
which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
100-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 2010B, of the City of Evanston, Cook County,
Illinois, passed August 9, 2010, as Ordinance 65-0-10, be and the same hereby
are abated for the year 2017 under the Series 2010B bonds by the amount of
One Million, One Hundred Twenty -Three Thousand, Five Hundred Seventy -Eight
Dollars ($1,123,578.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 100-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 65-0-10 and the accompanying
Bond Order for the year 2017 in the amount of One Million, One Hundred
Twenty -Three Thousand, Five Hundred Seventy -Eight Dollars ($1,123,578.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 100-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.
/ 'a_c
Stepheis H. Hager ay&
—2—
Attest:
Devon Reid, City Clerk
Adopted: t94AL 11 , 2017
-3-
100-R-17