HomeMy WebLinkAboutRESOLUTIONS-2007-058-R-07•
10/26/2007
58-R-07
A RESOLUTION
Abating Taxes Levied for the Year 2007
Heretofore Levied to Pay Principal and Interest on
General Obligation Bonds,
Series 2003, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 13th day of January, 2003, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 131-0-02 entitled:
An Ordinance providing for the issuance of not to exceed
$16,500,000 General Corporate Purpose Refunding Bonds, Series
2003, 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 Seven Hundred Forty -Two Thousand, Six Hundred Thirty -One Dollars
($742,631.00) 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 and the accompanying Bond Order providing for the issuance of
• not to exceed Sixteen Million, Five Hundred Thousand Dollars ($16,500,000.00)
General Obligation Corporate Purpose and Refunding Bonds, Series 2003, of the
58-R-07
City of Evanston, Cook County, Illinois, Ordinance 131-0-02, be and the same
hereby are abated for the year 2007 by the amount of Seven Hundred Forty -Two
Thousand, Six Hundred Thirty -One Dollars ($742,631.00).
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 131-0-02 in the additional amount of
Seven Hundred Forty -Two Thousand, Six Hundred Thirty -One Dollars
($742,631.00).
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
from and after the date of its passage and approval in the manner
provided by law.
Attest:
%Ma P. MUor t Clerk
Adopted: I VZ-, 2007
�t/✓a,c�Q.. sad ,
rraine H. Morton, Mayor
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