HomeMy WebLinkAbout102-R-19 Abating Taxes Levied for the Year 2019 Heretofore Levied to Pay Principal and Interest on Not to Exceed $12,700,000 General Obligation Bonds, Series 2013A, of the City of Evanston, Cook County, Illinois11 /18/2019
102-R-19
A RESOLUTION
Abating Taxes Levied for the Year 2019
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $12,700,000 General Obligation Bonds, Series
2013A, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 22nd day of July, 2013, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 84-0-13 entitled:
and
An Ordinance providing for the issuance of one or more series of
not to exceed $12,700,000 General Obligation Bonds, Series
2013A, 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 2013A bond total is Twelve Million, Seven
Hundred Thousand Dollars ($12,700,000) there is available from other sources
the amount of Two Hundred Twenty -Four Thousand, Eight Hundred Eighty -
Six Dollars ($224,886.00) which may lawfully be utilized to pay sums due on
said series 2013A 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
General Obligation Bonds, Series 2013A, of the City of Evanston, Cook County,
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Illinois, passed July 22, 2013, as Ordinance 84-0-13, be and the same hereby
are abated for the year 2019 by the amount of Two Hundred Twenty -Four
Thousand, Eight Hundred Eighty -Six Dollars ($224,886).
SECTION 2: That the City Manager, upon passage of this
Resolution 102-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 84-0-13 and the accompanying
Bond Order for the year 2019 under the Series 2013A bonds in the amount of
Two Hundred Twenty -Four Thousand, Eight Hundred Eighty -Six Dollars
($224,886.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 102-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.
Attest:
d�ras� Gomez, Vel?"Aj C,\� C\eoK
Adopted: �IOVeYnbU 1� , 2019
-2-
tephen H. Hag rty, M or l
Approved as to form:
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Michelle L. Masoncup, Corporation
Counsel