HomeMy WebLinkAboutRESOLUTIONS-2005-064-R-05•
9/27/2005
64-R-05
A RESOLUTION
Abating Taxes Levied for the Year 2005
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 9t' day of September 2002, adopt Ordinance 82-0-02, an
Ordinance entitled:
An Ordinance providing for the issuance of General
Obligation Variable Rate Demand Bonds, Series 2002 A
(Sherman Plaza Project), and Taxable Series 2002 B of the
City of Evanston, Cook County, Illinois, and providing for
is payment
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 2005 by the
0 amount of $3,260,000.
64-R-05
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 approval in the manner provided by law.
:'1/1orraine H. Morton, Mayor
Attest:
Mary -�ity Clerk
Adopted: V ID, 2005
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