HomeMy WebLinkAbout101-R-19 Abating Taxes Levied for the Year 2019 Heretofore Levied to Pay Principal and Interest on Not to Exceed $16,220,000 General Obligation Bonds, Series 2012A, of the City of Evanston, Cook County, Illinois11 /18/2019
101-R-19
A RESOLUTION
Abating Taxes Levied for the Year 2019
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $16,220,000 General Obligation Bonds, Series
2012A, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 9th day of July, 2012, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 67-0-12 entitled:
and
An Ordinance providing for the issuance of one or more series of
General Obligation Bonds, Series 2012A, 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 2012A ,bond total is Sixteen Million, Two
Hundred Twenty Thousand Dollars ($16,220,000), there is available from other
sources the amount of Three Hundred Eighty Five Thousand, Seven Hundred
Thirty -Two Dollars ($385,732.00) which may lawfully be utilized to pay sums due
on said series 2012A 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
i[']ME�J
General Obligation Bonds, Series 2012A, of the City of Evanston, Cook County,
Illinois, passed July 9, 2012, as Ordinance 67-0-12, be and the same hereby are
abated for the year 2019 by the amount of Three Hundred Eighty Five Thousand,
Seven Hundred Thirty -Two Dollars ($385,732.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 101-R-19, 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 67-0-12 and the accompanying
Bond Order for the year 2019 under the Series 2012A bonds in the amount of
Three Hundred Eighty Five Thousand, Seven Hundred Thirty -Two Dollars
($385,732.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 101-R-19 shall be in full force
and effect from and after the date of its passage and approval in the manner
provided by law.
i
Stephen H. H gerty, ayo
-2-
Attest:
Adopted: lv4v�vnb��f �$ , 2019
-3-
101-R-19
Approved as to form:
QA"'AU&LI�
Michelle L. Masoncup, Cordoration
Counsel