HomeMy WebLinkAboutRESOLUTIONS-2004-082-R-0482-R-04
• A RESOLUTION
Abating Taxes Levied for the Year 2004
Heretofore Levied To Pay Principal And Interest On
Not to Exceed $35,820,000 General Obligation Corporate Purpose Bonds,
Series 1997, of the City of Evanston
Cook County, Illinois
WHEREAS, The City Council of the City of Evanston, Cook County, Illinois,
did on the Bch day of April, 1997, adopt Ordinance 41-0-97, an Ordinance entitled:
An Ordinance providing for the issuance of not to exceed $35,820,000
General Obligation Corporate Purpose Bonds, Series 1997, 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, the City Council pursuant to Resolution 54-R-04 did abate the
taxes for such General Obligation Corporate Purpose Bonds Series 1997 of the City
of Evanston, Cook County, Illinois for the Year 2004 by the amount of
• $1,621,155.00; and
WHEREAS, the City Council did in December 13, 2004 conduct a public
hearing on the 2004 tax levy according to law; and
WHEREAS, it has now been determined that Resolution 54-11-04 should be
repealed; and
WHEREAS, there is available from other sources the amount of $1,025,458
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SECTION 1: That Resolution 54-R-04 be and it is hereby repealed.
SECTION 2: 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 $35,820,000 General Obligation Corporate Purpose Bonds, Series 1997
• of the City of Evanston, Cook County, Illinois, passed April 8,1997, as Ordinance
41-0-97, be and the same hereby are abated for the year 2004 by the amount of
$1,025,458.
SECTION 3: 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 41-0-97 and the accompanying Bond Order for the year 2004 in the
amount of $1,025,458.
SECTION 4: That this Resolution shall be in full force and effect from and
after its passage and approval in the manner provided by law.
C°
Mayor
ATT $T: _ r`' Ci Clerl
Adopted ��'`�` 1�� 2004
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