HomeMy WebLinkAboutRESOLUTIONS-2007-063-R-07•
10/26/2007
63-R-07
A RESOLUTION
Abating Taxes Levied for the Year 2007
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $33,500,000 General Obligation Corporate
Purpose Bonds, Series 2007, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 23rd day of April, 2007, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 43-0-07 entitled:
An Ordinance providing for the issuance of not to exceed
$33,500,000 General Obligation Corporate Purpose Bonds, Series
2007, of the City of Evanston, Cook County, Illinois, and in the
• accompanying Bond Order providing for the levy and Collection of a
direct annual tax for the payment of the principal of and interest on
said bonds;
and
WHEREAS, there is available from other sources the amount of
One Million, Nine Hundred Fifty -Two Thousand, Five Hundred Twenty -Five
Dollars ($1,952,525.00) 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 in the accompanying Bond Order providing for the issuance of
• not to exceed Thirty -Three Million, Five Hundred Thousand Dollars
63-0-07
•
($33,500,000.00) General Obligation Corporate Purpose Bonds, Series 2007, of
the City of Evanston, Cook County, Illinois, passed April 23, 2007, as Ordinance
43-0-07, be and the same hereby are abated for the year 2007 by the amount of
One Million, Nine Hundred Fifty -Two Thousand, Five Hundred Twenty -Five
Dollars ($1,952,525.00).
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
heretofore levied under said Ordinance 43-0-07 and the accompanying Bond
Order for the year 2007 in the amount of One Million, Nine Hundred Fifty -Two
Thousand, Five Hundred Twenty -Five Dollars ($1,952,525.00). •
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.
Attest:
Cl'
Mary P. r ' C'__'
rityClerk
Adopted: 1Z , 2007
Lorraine H. Morton, Mayor
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