HomeMy WebLinkAboutRESOLUTIONS-2009-077-R-09U
10/21 /2009
77-R-09
A RESOLUTION
Abating Taxes Levied for the Year 2009
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:
and
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;
WHEREAS, there is available from other sources the additional
amount of Seven Hundred Thousand Dollars ($700,000.00) 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
• Taxable Series 2002B, of the City of Evanston, Cook County, Illinois, Ordinance
77-R-09
82-0-02, be and the same hereby are abated for the year 2009 by the amount of •
Seven Hundred Thousand Dollars ($700,000.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 77-R-09, 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 Seven Hundred Thousand Dollars ($700,000.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 77-R-09 shall be in full force and
effect from and after the date of its passage and approval in the manner
provided by law.
Eliza th B. Tisdahl, Mayor
Att
!LI
driey Gr ne, Cify Clerk
Adopted: "gywb -r , 2009
—2—