HomeMy WebLinkAboutRESOLUTIONS-2007-057-R-07r�
u
10/26/2007
57-R-07
A RESOLUTION
Abating Taxes Levied for the Year 2007
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, on the 9th day of September, 2002, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 82-0-02 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 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 Three Million, Two 'Hundred Sixty Thousand Dollars ($3,260,000.00)
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
57-R-07
•
Evanston, Cook County, Illinois, Ordinance 82-0-02, be and the same hereby
are abated for the year 2007 by the amount of Three Million, Two Hundred Sixty
Thousand Dollars ($3,260,000.00).
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 Three
Million, Two Hundred Sixty Thousand Dollars ($3,260,000.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4:
That this
Resolution shall be in full force and effect
is
from and after the date
of its
passage and approval in the manner
provided by law.
Attest:
Mary Pllor i ; y Clerk
Adopted: 1 Z , 2007
rraine H. i0berton, Mayor
-2-