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98-R-17
A RESOLUTION
Abating Taxes Levied for the Year 2017
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $30,610,000 General Obligation Corporate
Purpose Bonds, Series 2008B, 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 series 2008E bond total is Thirty Million Six
Hundred Ten Thousand Dollars ($30,610,000), from the Series 2008B there is
available from other sources the amount of One Million, Seven Hundred Ten
Thousand, Eight Hundred Dollars ($1,710,800.00) which may lawfully be utilized
to pay sums due on said series 2008N bonds for which taxes were heretofore
levied,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
98-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
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 under the Series 2008B bonds by the amount of One
Million, Seven Hundred Ten Thousand, Eight Hundred Dollars ($1,710,800.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 98-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 in the amount of One Million, Seven Hundred Ten
Thousand, Eight Hundred Dollars ($1,710,800.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 98-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.
Stephen ..-
-2--
Attest:
Devon Reid, City `Clerk
Adopted: fi�z,.,L
I) , 2017
-3-
98-R-17