HomeMy WebLinkAboutRESOLUTIONS-2003-060-R-0360-R-03
A RESOLUTION
• Abating Taxes Levied for the Year 2003
Heretofore Levied To Pay Principal And Interest On
$38,540,000 Corporate Purpose Bonds,
Series 1999 Of The City of Evanston,
Cook County, Illinois
WHEREAS, The City Council of the City of Evanston, Cook County, Illinois did of
the 241h day of May, 1999, adopt Ordinance 63-0-99, and Ordinance entitled:
An Ordinance providing for the issuance of not to exceed $38,540,000
Corporate Purpose Bonds Series 1999, 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; and
WHEREAS, there is available from other sources the amount of $1,486,968 which
may lawfully be utilized to pay sums due on said 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 accompanying Bond Order providing for
the issuance of not to exceed $38,540,000 Corporate
Purpose Bonds, Series 1999 as Ordinance 63-0-99, be and
the same hereby are abated for the year 2003 by the amount
of $1,486,968.
SECTION 2: That the City Manager, upon passage of this resolution, 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
63-0-99 and the accompanying Bond Order for the year 2003 in the
amount of $1,486,968.
SECTION 3: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner rov' ed by law.
/SAY
Mayor
• E
City Cwr
Adopted JC X,�-O k- P- 2003