HomeMy WebLinkAboutRESOLUTIONS-2005-063-R-050 63-R-05 9/27/2005
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Abating Taxes Levied for the Year 2005
Heretofore Levied to Pay Principal and Interest on
$37,100,000 Corporate Purpose Bonds,
Series 2000 of the City of Evanston,
Cook County, Illinois
WHEREAS, the City Council of the City of Evanston, Cook County,
Illinois, did on the 26th day of June 2000, adopt Ordinance 68-0-00, an
Ordinance entitled:
An Ordinance providing for the issuance of General
Obligation Variable Rate Demand Bonds, Series 2000 A
(Maple Street Project), Table Series 2000 B (Maple Street
Project), Series 2000 C (Recreation Center Project), and
Series 2000 D (Capital Improvements Projects), 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 $2,880,000 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 $37,100,000 Corporate Purpose Bonds, Series
2000 of the City of Evanston, Cook County, Illinois, passed June 27, 2000 as Ordinance
0
63-R-05
68-0-00, be and the same hereby are abated for the year 2005 by the amount 49
of $2,880,000.
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 68-0-00 and the accompanying Bond Order for the year 2005 in the additional
amount of $2,880,000.
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 's, City Clerk
4orraine H. Morton, Mayor
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