HomeMy WebLinkAboutRESOLUTIONS-2010-069-R-10E
12/13/2010
69-R-10
A RESOLUTION
Abating Taxes Levied for the Year 2010
Heretofore Levied to Pay Principal and Interest on
General Obligation Variable Rate Demand Bonds,
Series 2002A and Taxable Series 20020, 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:
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
0on said bonds;
and
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
0
Taxable Series 2002B, of the City of Evanston, Cook County, Illinois, Ordinance
69-R-10
82-0-02, be and the same hereby are abated for the year 2010 by the amount of •
Seven Hundred Thousand Dollars ($700,000.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 69-R-10, 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 69-R-10 shall be in full force and
effect from and after the date of its passage and .approval in the manner
provided by law. I*
l
Eliz th B. Tisdahl, Mayor
Attest -
Rodney Green�ity Clerk
Adopted: LEtz t"1jbLf f , 2010
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