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99-R-17
A RESOLUTION
Abating Taxes Levied for the Year 2017
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $13,815,000 General Obligation Corporate
Purpose Bonds, Series 2008C, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 24th day of March, 2008, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 49-0-08 entitled:
and
An Ordinance providing for the issuance of not to exceed a total
from three series bonds of: $48,735,000 General Obligation
Corporate Purpose Bonds, Series 2008A, Series 2008B, and
Series 2008C, ("Total General Obligation Bonds"), of the City of
Evanston, Cook County, Illinois, and in the accompanying Bond
Order 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 2008C bond total is Thirteen Million Eight Hundred
Fifteen Thousand Dollars ($13,815,000) there is available from other sources the
amount of Two Hundred Twenty -Eight Thousand, Three Hundred Forty -Two
Dollars ($228,342.00) which may lawfully be utilized to pay sums due on said
series 2008C 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
99-R-17
not to exceed Forty Eight Million, Seven Hundred Thirty -Five Thousand Dollars
($48,735,000.00) General Obligation Corporate Purpose Bonds, Series 2008A,
Series 2008B, and Series 2008C, of the City of Evanston, Cook County, Illinois,
passed March 24, 2008, as Ordinance 49-0-08, be and the same hereby are
abated for the year 2017 by the amount of Two Hundred Twenty -Eight
Thousand, Three Hundred Forty -Two Dollars ($228,342.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 99-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 49-0-08 and the accompanying
Bond Order for the year 2017 under the Series 2008C bonds by the amount of
Two Hundred Twenty -Eight Thousand, Three Hundred Forty -Two Dollars
($228,342.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 99-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. Hag rty vo//
—2—
Attest: n)
Devon Reid, City Cle-W.
Adopted: " I 1 , 2017
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99-R-17