HomeMy WebLinkAboutRESOLUTIONS-2006-034-R-0611
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4/26/06
34-R-06
A RESOLUTION
City of Evanston, Cook County, Illinois
Expressing Official Intent Regarding Certain Capital
Expenditures to Be Reimbursed from Proceeds of an Obligation
WHEREAS, the City of Evanston, Cook County, Illinois (the "City") intends to
acquire, construct, repair, rehabilitate, or install, as applicable, improvements to its
existing offices, facilities, plant, and equipment, all as described in its current Capital
Improvement Plan for the years FY 2006-2007 (the "2007 CIP Projects"), which plan is
on file in the offices of the City Clerk and with the Finance Director; and
• WHEREAS, all or a portion of the expenditures (the "Expenditures") relating to
the 2007 CIP Projects have been paid within the sixty days prior to the passage of this
Resolution or will be paid on or after the passage of this Resolution; and
WHEREAS, the City reasonably expects to reimburse itself or pay for the
Expenditures with the proceeds of an obligation, which the City now intends to be a tax-
exempt obligation under Section 103 of the Internal Revenue Code of 1986, as
amended,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City reasonably expects to reimburse or pay the
• Expenditures with proceeds of an obligation.
34-R-06 A
SECTION 2: That the maximum principal amount of the obligations expected to •
be issued for the 2007 CIP Projects is $10,000,000.
SECTION 3: That all actions of the officers, agents, and employees of the City
that are in conformity with the purposes and intent of this Resolution, whether taken -
before or after the adoption hereof, are hereby ratified, confirmed and adopted.
SECTION 4: That this Resolution shall be in full force and effect from and after
the date of its passage and approval in the manner provided by law.
Adopted p 2006
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City of Evanston
2006 - 2007 Capital Plan
Projects by Fundinq Source
Bonds - Property Tax Supported
415100
Capital Improvements
$50,000
415225
Service Center Exterior Wall Repair
$100,000
415372
Megowan Park
$350,000
415564
Crown Fire Alarm
$120,000
415718
Police Fire HQ Interior
$200,000
415802
Fire Station #5
$200,000
415854
Alley Paving - City Share
$450,000
415857
Street Resurfacing
$3,000,000
415862
Traffic Signal System Study
$50,000
415864
50f50 Curb and Sidewalk
$100,000
415867
Block Curb and Sidewalk
$100,000
415868
Streetlight Upgrades
$500,000
415871
Traffic Signal Upgrades
$250,000
415882
McCormick Blvd Reconstruction
$1,400,000
416001
Information Technology
$200,000
416028
Traffic Signal and Street Light Maintenance
$80,000
416051
Services to General Fund
$300,000
416052
Contingnecy
$200,000
416097
Viaduct Screening
$100,000
416129
Library Childrens Area Expansion
$250,000
Bonds - Property Tax Supported
$8,000,000