HomeMy WebLinkAboutRESOLUTIONS-2010-070-R-1012/13/2010
70-R-10
A RESOLUTION
Abating Taxes Levied for the Year 2010
Heretofore Levied to Pay Principal and Interest on
General Obligation Bonds,
Series 2002C, 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 83-0-02 entitled:
An Ordinance providing for the issuance of not to exceed
$20,250,000 General Corporate purpose and refunding Bonds,
Series 2002C, 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 Four Hundred Thirty -Two Thousand, Seven Hundred Six Dollars
($432,706.00) 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
not to exceed Twenty Million, Two Hundred Fifty Thousand Dollars
0.-- ($20,250,000.00) General Obligation Corporate purpose and refunding Bonds,
70-R-10
Series 2002C, of the City of Evanston, Cook County, Illinois, Ordinance 83-0-02, •
be and the same hereby are abated for the year 2010 by the amount of Four
Hundred Thirty -Two Thousand, Seven Hundred Six Dollars ($432,706.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 70-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 83-0-02 in the additional amount
of Four Hundred Thirty -Two Thousand, Seven Hundred Six Dollars
($432,706.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 70-R-10 shall be in full force and 4
effect from and after the date of its passage and approval in the manner
provided by law.
Eliz th B. Tisdahl, Mayor
Attest:
Rod-riey Gre^ e, City Clerk
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Adopted: A bZr U , 2010
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