HomeMy WebLinkAboutRESOLUTIONS-2007-061-R-07•
10/26/2007
61-R-07
A RESOLUTION
Abating Taxes Levied for the Year 2007
Heretofore Levied to Pay Principal and Interest on
General Obligation Bonds,
Series 2005, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 15th day of June, 2005, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 77-0-05 entitled:
An Ordinance providing for the issuance of not to exceed
$32,500,000 General Obligation Bonds, Series 2005, 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 One Million, Four Hundred Five Thousand, Two Hundred Dollars
($1,405,200.00) 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
Is
not to exceed Thirty -Two Million, Five Hundred Thousand Dollars
($32,500,000.00) General Obligation Bonds, Series 2005, of the City of
61-R-07
Evanston, Cook County, Illinois, Ordinance 77-0-05, be and the same hereby
are abated for the year 2007 by the amount of One Million, Four Hundred Five
Thousand, Two Hundred Dollars ($1,405,200.00).
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 77-0-05 in the additional amount of One
Million, Four Hundred Five Thousand, Two Hundred Dollars ($1,405,200.00).
SECTION 1: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 2: 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.
t, Ahi� _
orto Lorraine H. Mn, Mayor
Attest:
Mary r is, C ty Clerk
Adopted: h.I2 , 2007
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