HomeMy WebLinkAboutRESOLUTIONS-2003-062-R-0362-R-03
• A RESOLUTION
Abating Taxes Levied for the Year 2003
Heretofore Levied To Pay Principal And Interest On
General Obligation Variable Rate Demand Bonds,
Series 2002A and Taxable Series 2002B Of the City of Evanston,
Cook County, Illinois
WHEREAS, The City Council of the City of Evanston, Cook County, Illinois, did on
the 9tn day of September, 2002, adopt Ordinance 82-0-02, and Ordinance entitled:
An Ordinance providing for the issuance of General Obligation Variable Rate
Demand Bonds, Series 2002 A (Sherman Plaza Project), and Taxable Series 2000 B
of the City of Evanston, Cook County, Illinois, and providing for the levy and
collection of a direct annual tax of the payment of the principal of and interest on
said bonds; and
WHEREAS, there is available from other sources the additional amount of
$3,260,000 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
providing for the issuance of General Obligation Variable Rate,
Demand Bonds, Series 2002A and Taxable Series 2002B, of the City
Of Evanston, Cook County, Illinois, Ordinance 82-0-02, be and the
same hereby are abated for the year 2003 by the amount of
$3,260,000.
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
therefore levied under said Ordinance 82-0-02 in the additional
amount of $3,260,000.
SECTION 3: That this Resolution shall be in full force and effect from and after its
passage and a77::
er provided law.
Mayor
ATTEST:
City C - '
Adopted 2003