HomeMy WebLinkAboutRESOLUTIONS-2011-076-R-11•
11 /23/201' 1
76-R-11
A RESOLUTION
Abating Taxes Levied for the Year 2011
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $20,000,000 General Obligation Corporate
Purpose Bonds, Series 20081), of the City of Evanston,
Cook County, Illinois
WHEREAS, on the 27th day of October, 2008, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 114-0-08
entitled:
An Ordinance providing for the issuance of not to exceed
$20,000,000 General Obligation Corporate Purpose Bonds, Series
2008D of the City of Evanston, Cook County, Illinois, and in the
• accompanying Bond Order providing for the levy and Collection of a
direct annual tax for the payment of the principal of and interest on
said bonds;
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and
WHEREAS, there is available from other sources the amount of
Three Million, Two Hundred Ten Thousand, Ninety -Seven Dollars
($3,210,097.00) 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 in the accompanying Bond Order providing for the issuance of
76-R-11
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not to exceed Twenty Million Dollars ($20,000,000.00) General Obligation
Corporate Purpose Bonds, Series 2008D, of the City of Evanston, Cook County,
Illinois, passed October 27, 2008, as Ordinance 114-0-08, be and the same
hereby are abated for the year 2011 by the amount of Three Million, Two Hundred
Ten Thousand, Ninety -Seven Dollars ($3,210,097.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 76-R-11, 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 heretofore levied under said Ordinance 114-0-08 and the
accompanying Bond Order for the year 2011 in the amount of Three Million, Two
Hundred Ten Thousand, Ninety -Seven Dollars ($3,210,097.00).
SECTION 1: That the foregoing recitals are hereby found as fact •
and made a part hereof.
SECTION 2: That this Resolution 76-R-11 shall be in full force and
effect from and after the date of its passage and approval in the manner
provided by law.
Eliz eth B. Tisdahl, Mayor
Attest:
Rod ey Green , City Clerk
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Adopted: bt�U^� l oZ , 2011
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