HomeMy WebLinkAboutRESOLUTIONS-2005-062-R-050 62-R-05 9/27/2005
A RESOLUTION
Abating Taxes Levied for the Year 2005
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 on the 24th day of May 1999, adopt Ordinance 63-0-99, an
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
iprincipal of and interest on said bonds; and
WHEREAS, there is available from other sources the amount of
$3,821,193 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 2005 by the amount of $3,821,193.
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62-R-05
SECTION 2: That the City Manager, upon passage of this Resolution, lie
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 2005 in the
amount of $3,821,193.
SECTION 3: That this Resolution shall be in full force and effect from
and after its passage and approval in the manner provided by law.
Attest:
Mary P. M s, i Clerk
Adopted: Q 10 , 2005
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H. Morton, Mayor
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