HomeMy WebLinkAboutRESOLUTIONS-2010-045-R-10C
6/22i2010
45-R-10
A RESOLUTION
Expressing Official Intent regarding Expenditures from the Funds
of the City of Evanston, Cook County, Illinois, to be Reimbursed
from Proceeds of Obligations to be Issued by the
City of Evanston, Cook County, Illinois
WHEREAS, the City of Evanston, Cook County, Illinois (the "City")
has financed and further intends to finance projects consisting of various capital
improvements at various locations throughout the City, including certain capital
expenditures as detailed for the year 2010 in the City's Capital Improvement
Plan, as adopted by the City Council of the City ( the "Projects");
• WHEREAS, all or a portion of the expenditures as proposed to be
reimbursed and relating to such Projects (the "Expenditures") (i) have been paid
within sixty (60) days prior to the passage of this Resolution or (ii) will be paid on
or after the passage of this Resolution;
WHEREAS, the City reasonably expects to reimburse itself or pay
for the Expenditures with proceeds of an obligation;
NOW, THEREFORE, BE IT AND IT IS HEREBY RESOLVED BY
THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY,
ILLINOIS, IN THE EXERCISE OF ITS HOME RULE POWERS, AS FOLLOWS:
SECTION 1: Incorporation of Preambles. The City Council hereby
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finds and determines that all of the recitals contained in the preambles to this
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45-R-10
Resolution are full, true and correct and does hereby incorporate them into this •
Resolution by this reference.
SECTION 2: Reimbursement. The City reasonably expects to
reimburse or pay the Expenditures with proceeds of an obligation.
SECTION 3: Maximum Principal Amount. The maximum principal
amount of the obligations expected to be issued for the Projects is eleven million
dollars ($11,000,000).
SECTION 4: Actions. All actions of the officers, agents and
employees of the City that are in conformity with the purposes and intent of this
Resolution, whether taken before or after the adoption hereof, are hereby
ratified, confirmed and adopted.
SECTION 5: Severability. If any section, paragraph, or provision
of this Resolution shall be held to be invalid or unenforceable for any reason, the
invalidity or unenforceability of such section, paragraph, or provision shall not
affect any of the remaining provisions of this Resolution.
SECTION 6: Superseder. All resolutions or orders or parts thereof
in conflict herewith be and the same are hereby superseded and this Resolution
shall be in full force and effect forthwith upon its adoption.
Adopted: ag , 2010
(Signature page follows)
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45-R-10
• Ayes:
v J
Nays: O
Absent:
Signed: Avq us.� , 2010
fEli�ith B. Tisdahl, Mayor
City of Evanston, Cook County, Illinois
Attest:
Rodney Gteene, City Clerk ce;c�
City of Evanston, Cook County, Illinois
• Recorded in the City Records on dttA,t.� , 2010.
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