HomeMy WebLinkAbout102-R-22 Abating Taxes Levied for the Year 2022 Heretofore Levied to Pay Principal and Interest on Not to Exceed 18,000,000 General Obligation Corporate Purpose Bonds, Series 2019A, of the City of Evanston Cook County, Illinois10/31/2022
102-R-22
A RESOLUTION
Abating Taxes Levied for the Year 2022
Heretofore Levied to Pay Principal and Interest on
Not to Exceed 18,000,000 General Obligation Corporate Purpose
Bonds, Series 2019A, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 22nd day of April, 2019, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 27-O-19 entitled:
AN ORDINANCE 27-O-19 providing for the issuance of one or
more series of not to exceed $18,000,000 General Obligation
Corporate Purpose Bonds, Series 2019A, to finance the
construction and equipment of a new Robert Crown Community
Center, Ice Complex and Library Center and one or more series of
not to exceed $18,000,000 General Obligation Corporate Purpose
Bonds, Series 2019B, for capital improvements, of the City of
Evanston, Cook County, Illinois, authorizing the execution of one or
more bond orders in connection therewith, providing for the levy
and collection of a direct annual tax for the payment of the principal
of and interest on said bonds, and authorizing and directing the
sale of said bonds at public competitive sale.
and
WHEREAS, the Series 2019A bond total is Twelve Million Seven
Hundred Fifty Thousand Dollars ($12,750,000) there is available from other
sources the amount of Three Hundred Fifty Thousand Dollars ($350,000.00)
which may lawfully be utilized to pay sums due on said series 2019A bonds for
which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
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102-R-22
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SECTION 1: That the taxes heretofore levied and provided for in
the Ordinance and in the accompanying Bond Order providing for the issuance of
not to exceed Eighteen Million Dollars ($18,000,000), General Obligation Bonds,
Series 2019A, of the City of Evanston, Cook County, Illinois, passed April 22,
2019, as Ordinance 27-O-19, be and the same hereby are abated for the year
2022 under the Series 2019A bonds by the amount of Three Hundred Fifty
Thousand Dollars ($350,000.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 102-R-22, 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 27-O-19 and the accompanying
Bond Order for the year 2022 in the amount of Three Hundred Fifty Thousand
Dollars ($350,000.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 102-R-22 shall be in full force
and effect from and after the date of its passage and approval in the manner
provided by law.
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102-R-22
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Attest:
Stephanie Mendoza, City Clerk
Adopted: __________________, 2022
Approved as to form:
______________________________
Nicholas E. Cummings, Corporation Counsel
______________________________
Daniel Biss, Mayor
______________________________
December 12
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