HomeMy WebLinkAboutRESOLUTIONS-2012-088-R-12•
12/10/2012
88-R-12
A RESOLUTION
Abating Taxes Levied for the Year 2012
Heretofore Levied to Pay Principal and Interest on
General Obligation Bonds,
Series 2005, of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 15th day of June, 2005, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 77-0-05 entitled:
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An Ordinance providing for the issuance of not to exceed
$32,500,000 General Obligation Bonds, Series 2005, 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 One Million, Four Hundred Four Thousand, Seven Hundred Fifty
Dollars ($1,404,750.00) 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 Thirty -Two Million, Five Hundred Thousand Dollars
1* ($32,500,000.00) General Obligation Bonds, Series 2005, of the City of
88-R-12
Evanston, Cook County, Illinois, Ordinance 77-0-05, be and the same hereby
are abated for the year 2012 by the amount of One Million, Four Hundred Four
Thousand, Seven Hundred Fifty Dollars ($1,404,750.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 88-R-12, 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 77-0-05 in the additional amount
of One Million, Four Hundred Four Thousand, Seven Hundred Fifty Dollars
($1,404,750.00).
SECTION 1: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 2: That this Resolution 88-R-12 shall be in full force and
effect from and after the date of its passage and approval in the manner
provided by law.
Attes : ^/
Rodney Ge, City Clerk
Adopted: Ut.Q.V11� to , 2012
Eliz th B. Tisdahl, Mayor
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