HomeMy WebLinkAbout108-R-19 Abating Taxes Levied for the Year 2019 Heretofore Levied to Pay Principal and Interest on Not to Exceed $14,500,000 General Obligation Corporate Purpose Bonds, Series 2017A, of the City of Evanston Cook County, Illinois11 /18/2019
108-R-19
A RESOLUTION
Abating Taxes Levied for the Year 2019
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $14,500,000 General Obligation Corporate
Purpose Bonds, Series 2017A, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 11th day of September, 2017, the City Council
of the City of Evanston, Cook County, Illinois, did adopt Ordinance 82-0-17
entitled:
and
AN ORDINANCE providing for the issuance of one or more series
of not to exceed $14,500,000 General Obligation Corporate
Purpose Bonds, Series 2017A, one or more series of not to exceed
$9,665,000 General Obligation Refunding Bonds, Series 2017B,
and one or more series of not to exceed $5,000,000 Taxable
General Obligation Corporate Purpose Bonds, Series 2017C of the
City of Evanston, Cook County, Illinois, for capital improvement and
refunding purposes, authorizing and directing the execution of an
escrow agreement in connection with said bonds, and authorizing
and directing the sale of said bonds at public competitive sale.
WHEREAS, the Series 2017A bond total is Fourteen Million, Five
Hundred Thousand Dollars ($14,500,000), there is available from other sources
the amount of One Hundred Twenty -Six Thousand, Seven Hundred and
Seventy -Five Dollars ($126,775.00) which may lawfully be utilized to pay sums
due on said series 2017A 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
not to exceed Fourteen Million Five Hundred Thousand Dollars ($14,500,000.00)
General Obligation Bonds, Series 2017A, of the City of Evanston, Cook County,
Illinois, passed September 11, 2017, as Ordinance 82-0-17, be and the same
hereby are abated for the year 2019 under the Series 2010A bonds by the
amount of One Hundred Twenty -Six Thousand, Seven Hundred and Seventy -
Five Dollars ($126,775.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 108-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 82-0-17 and the accompanying
Bond Order for the year 2019 in the amount of One Hundred Twenty -Six
Thousand, Seven Hundred and Seventy -Five Dollars ($126,775.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 108-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.
Stephen H. Ha erty, yore
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Attest:
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_ uevonl Rye' Y e G� C\Qc'Ic
Adopted: JV 6V2m�ef N , 2019
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108-R-19
Approved as to form:
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Michelle L. Masoncup, Corpo tir+a on
Counsel