HomeMy WebLinkAboutORDINANCES-1980-058-O-806
E
•
:i
58-0-80
AN ORDINANCE
Amending Section 10-11-8, Schedule
VIII (A) of the Evanston City Code, 1979
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK
COUNTY, ILLINOIS:
SECTION 1: That the Evanston City Code, 1979, as amended, be !
i
and hereby is further amended by deleting from
section 10-11-8, Schedule VIII (A), Parking Prohibited at all Times, the
following:
University Place Both sides, Sheridan Road
to Sherman Avenue
3
SECTION 2: All ordinances or parts of ordinances in conflict
i
herewith are hereby repealed.
i
SECTION 3: This ordinance shall be in full force and effect
from and after its passage, approval, and pub-
. �
lication in the manner provided by law.
Introduced pze-�¢.- /!P 1980
1
Adopted 7 1980 j
Approved /O 1980
l J
i
ATTEST:
City Clerk
1
Approved as to form:
Pp
Corporation Counsel
r
ORDINANCE NO. 59-0-80
ORDINANCE providing for the issuance of
General Obligation Notes of the City of
Evanston, Cook County, Illinois, and
providing for levying and collecting a
direct annual tax to pay the principal
of said notes and the interest thereon.
WHEREAS, the provisions of "AN ACT to authorize units of
government of the State of Illinois to issue full faith and credit
tax anticipation notes," effective October 1, 1972, as amended,
authorizes any city to issue from time to time general obligation
notes in an amount not to exceed eighty-five per cent of the taxes
levied for a specific purpose for the year during which said notes
are issued, provided, that there are no tax anticipation warrants
outstanding against the specific taxes levied for said purpose for
said year; and
w
WHEREAS, it is necessary for the City of Evanston to issue
• its notes to provide funds in the Treasury of said City for ordinary
and necessary expenditures, to be issued in the amount of $4,150,000
for general corporate purposes, $1,000,000 for public library pur-
poses and $850,000-for playground and recreation purposes, which
said amounts do not exceed eighty-five per cent of the taxes levied
by said City for said respective purposes for the year 1980 and no
tax anticipation warrants have been issued against said respective
taxes:
NOW, THEREFORE, Be It Ordained by the City Council of the
City of Evanston, Cook County, Illinois, as follows:
Section 1. Corporate notes of the City of. Evanston shall
be issued to provide funds in the Treasury of said City for ordinary
and necessary expenditures, said notes to be dated June 15, 1980 and
< V�n ..y _ � "�;ti> '`3-, ,�. ti�i.�''�r •' S �' ''THY^" Ay, 'Y'.Y ;l _ -�
`'`'-�F J.^iy��` .. Yl '-w+" �r, �`.�}i•'}i. &.:. 'i,�!Jy...• ,y, ter. •,..�'�' w,tW:,,,; .h'.
• .�"> i •:.�., 1. .t�� •••� a '.. _ �'. .`�� �,. "' `'E +v..
to become due on October 15, 1981, to be issued in the respective
amounts, to be numbered and to be of the denomination as follows;
A. $4,150,000 General Obligation General Fund Notes:
• Numbers Denomination
1 to
230
, inclusive $
5,000
231 to
270
inclusive
25,000
271 to
290
inclusive
50,000
291 to
300
inclusive
100,000
B. $1,000,000 General Obligation Public Library Fund
Notes:
Numbers Denomination
1 to 200 , inclusive $ 5,000
C. $850,000 General Obligation Playground and Recrea-
tion Fund Notes:
Numbers Denomination
• 1 to 170 , inclusive $ 5,000
•
Said notes shall bear interest at the rate of 5.20
per cent per annum, which shall be payable on April 15, 1981 and at
maturity. The interest payments shall be evidenced by proper in-
terest coupons attached to each note; and said interest shall be
payable only upon presentation and surrender of the interest coupons
thereto attached as they severally become due. Both principal of
and interest on said notes shall be payable in lawful money of the
United States of America at THE FIRST COMMERCIAL BANK OF CH I CAGO , I LL I NO I S
-2-
�� ,,
.iYr^i' .. ... r•��_v�n!«, } w.i ~ -.R: t%u Cµae Yy zid.. • �.7: i 'k""i �'.. •� t" •+ V<iM`iM1 . -.-
°='�ti.'G3.A:' git.:`' •Yi �,, �fZ+,r'' ', s', ' •. 1
*i%i' ,ih' :C � "9 `�.t�ri.':� �8&'F''w "b1`'"i '''�: ti 4 t'�'" 5..: ,.
r:.�H.d` `v'��5:'.a •i"nr.'w.�c�" r3:.�r �. �CSk w. ,M1%'° ,itii":." r.• j,Jri.' ;M:`',J1'� vtrt:+iS` ap.�l: .r _ `, ,, �,; ...
., ;'�:'; :r,,a +> :: � °'" t w.d +�a.'6'f�� .,-„' +.'S' . !. 1^' � y. .¢+,y�.--•>'`" „� , "'"w`'e+„ �'•: �:;' •; �*-:; "h,�R:' ,� "w„
" s , `9 ,. h•. .. �c 'C �.ra Y.M.• 'r'x .. +'i'x'' k' `tiF'`°... �i w '�k r,.. "}{u' t ° .;,$S^. .y,; ✓'�`.
. . M •(,: :;,�`i :-'a'". �ti',vw ;•. A`- \:. %n, ,�,. ',.?»a.�.. _ w �, ,..,h.- ...µ'. .:nru h. 'Y6.a�'k�•-. y,.; ` '`a.x .,�` H.R ,'C; :`5: ��'',. '', a' ''r,r J-.!•• , r' '.�x'•.•../. ^tv,'�n.Jw'°•f `.
9
The corporate seal of the City of Evanston shall be
printed on each of said notes and said notes shall be signed by the
Mayor by his facsimile signature and attested by the City Clerk,
and the interest coupons shall be executed by the facsimile signa-
ture of said Mayor and said City Clerk, which officials, by the ex-
ecution of said notes, shall adopt as and for their own proper
signatures their respective facsimile signatures appearing on said
coupons.
Section 2. Said notes shall pass by delivery, unless
registered, and any note may be registered as to principal in the
name of the owner on the registry books of the City Comptroller,
such registration being noted on the back of each note so regis-
tered, after which registration only such registered owner, or the
legal representative of such owner, shall be entitled to receive
the principal thereof, and after such registration no transfer
W
thereof shall be valid unless noted on such registry books and
similarly noted on the back of the note, unless the last regis-
tration is to bearer, after which it shall be transferable by de-
livery, but may again be registered as before. Such registration,
however, shall not affect the negotiability of the interest coupons
by delivery merely.
Section 3. Each of said notes and the interest coupons
and the form of registration shall be in substantially the follow-
ing form (with appropriate information inserted in the blank
spaces):
-3- --
or
' �Jl�3if '.<.,� ». y. �m .. `+a i :'icy � ,��,,9 K ,;.a° r, e � �. . � � ,.�. i "� 3�'i. r � i'.F, ° �., �,'": �; �, y �,:.•,�'.t:,.�. fi. r �� � .
��F`�.`�L�Y'.�utY?i=�`a'ST..9ar'J "` .}.q+dv,ri`:x.7:wc;`�kWRiWk.�'..��..•w...a+:....,+_.t .�W'.:�"„_""�.�,w -iw�. .—S *ter•: '.-'.....�u.....:t _ ..,...... .., ..
ti. �.�,' � v � . \Sk '.�.wv ' i.•4°., •. J� � w'J .• i� .r. r...,;. ,,,, l' Y ly . .. :.�\.; .. ��''�. � . P�
.lt,Y�v'W - .r'? .'�`4�, ''.�it�, ny`' rp J' y �• .r {�'\,� ° �:'Nrkr,"'Y'^.' `, �, r L',,. •%i ,"+t.."i . ,'w��. "�.. .�.,.°.t t;.w° :�"
.M� .}' ' ': 'I � �♦ •' \�� '. ` \N� I i. �•v'�• ` '•M ..� , µ,.me i.. .ati •�, 4' ti :Y.y ,y `�� w°.°\~.
•
•
•
(Form of Note)
UNITED STATES OF AMERICA
STATE OF ILLINOIS COUNTY OF COOK
CITY OF EVANSTON
GENERAL OBLIGATION
FUND NOTE
Number $
KNOW ALL MEN BY THESE PRESENTS, that the City of Evanston,
Cook County, Illinois, hereby acknowledges itself to owe and for
value received hereby promises to pay to bearer, or if this note
be registered as to principal then to the registered owner hereof,
the sum of DOLLARS ($ )
on the fifteenth day of October, 1981, with interest thereon from
the date hereof until paid at the rate of
per cent ( %) per annum, payable April 15, 1981 and at maturity.
Interest due on or prior to maturity shall be payable only upon
presentation and surrender of the attached interest coupons as they
severally become due. Both principal hereof and interest hereon
are hereby made payable in lawful money of the United States of
America at
For the prompt payment of this note, both principal and
interest, as the same become due, and for the levy of taxes suffi-
cient therefor, the full faith, credit and resources of the City
of Evanston are hereby irrevocably pledged.
amount of
This note is one of a series issued in the principal
Dollars ($
and is issued under the authority of the provisions of "AN ACT to
authorize units of government of the State of Illinois to issue
-4-
n��•4,.�r :_ „�'..'„.�,:,'� ;..' �...:. :.... _. »�^ . � '� F.i�, .. �, .�^ � r sx��, n1�F,t o� 4,M; . 5 '' •� .I� `,` - ' , % rfct=. �..�.� - � _ . ��t �l_.
.. !"'*......i.c,y..-i97:1!'x.: iii�C�i'T£''YY� :�}..�b#'n•�"7• r� ;r/�.. NF:� �'1 ���`s�• t f , •i�I' ��'t��°> ,''+�k r��c: ii...�v*-'. • ,.� , �'r r'i ! �: � � � .� ,�.�
,: r• '_ _ -e' >_ -ter_.
K .x. 'aim 4 " +>�:,, . i, ;� j;7.T'�' ,,;,. s . ,� y 'f,:*'>.� i "�° "�,�v,��:; ./�'�,: "�,i� •.�f':� - `h;,. r� '�d_� ,..�:.' r.: :.�., w„ti
' �L\" � .,;:� . a'.? :, ' , tik" ' s: < . a ' r''��'n .., s:�.r:•.',.. � 1 , !R�, - k „ ....�� y �. �k:rXr '
"'.y,. �.,.✓,
full faith and credit tax anticipation notes," effective October 1,
1972, and all laws amendatory thereof and supplemental thereto, to
provide funds for ordinary and necessary expenditures for
• purposes, and is authorized by an
ordinance adopted by the City Council of the City of Evanston on
June , 1980.
This note is subject to registration as to principal in
the name of the owner on the registry books of the City Comptroller,
such registration to be evidenced by notation of said Comptroller
on the back hereof, and after such registration no transfer hereof,
except when noted upon such books and similarly noted hereon, shall
be valid, unless the last registration shall have been to bearer.
Registration hereof shall not affect the negotiability of the in-
terest coupons hereto attached, which shall continue negotiable by
delivery merely.
• It is hereby certified and recited that all acts, condi-
tions and things required bylaw to exist or to be done precedent
•
to and in the issuance of this note, did exist, have happened, been
done and performed in regular and due form and time as required by
law, that the total amount of the IFund Notes issued
for the year 1980, including the issue of which this note is one,
does not exceed eighty-five per cent (850) of the
Fund taxes levied for the year 1980, that no tax anticipation war-
rants have been issued against said taxes levied for the year 1980,
that the total indebtedness of said City, including this note and
the series of which it forms a part, does not exceed any constitu-
tional or statutory limitation, and that provision has been made for
the collection of a direct annual tax upon all of the taxable prop-
erty in the City of Evanston sufficient to pay the interest hereon
-5-
.4'�l` ��F`w+Y.�.y »'�-..rk. Ay.... ��e"ti*,n"w' N.aw�.i{ �' •�`»'.:-%..r �'e'' inf '��t� M `.t�:, 4 4 �'ti'Hj� •�'`',.�i ,"X"�'?i
,:t,l,. �'•j i�i. �yp � �' •, a.,,f,•.i. LL'..........,fy,�,.i..:.4 j �� ' ' - -
..,.,� W,c>:.sa„ 1*d.�t.�t.'{:.�..M`�.�:�::�.,�d,.:�_.��.�:,�.n x�;�,�.Luh�+ii�K'•�'s�xi,.C`.�i����'' w� ]q� i •+1^�•''�!r?�'� ! . �. � r � � •
^.r'^4{♦►iLk' �' "� tY`,:.iil.-a.Mt.. .....c, ..1:... .:.x. .7, : s.' ..1. t ,t.,... i
,yav AY. :. •:.MW'•:�:"+k.%.,�'n �f,k ..,yx;•a, „`>ro:':•, _.'•' ,f,: ,}�' ...",�;i`: ar?r-r�,::�.r w..:," .;:-w .-� v.,, .c. .�,. •.s�
".•h.�1i,'C:. �'`1"�'y+:N;``4:"• ,£.y \, ; ;x.;�: . �''k. -r,> �w'' .�•...: . � ,;N`••^M1'b!'. MF '•Kr.•r'• :y;,H• .:t .
+: «An4, :S.T. ^+',."�*`1`.y;• �-�; •Jn..i pa'',...�`''� .'t '':r ��`�T.•,.•� `w.r.S+'k;.yn .""rc'.� � `: vi..�r�,�J'-.le.,; ^.. .. «v"n`. rp,..!'v. ,`-kv:'^r�ma',
..+• r t.""a. .. , 's.F _ w Wx.. � r , , `.+.' .� '�,:. S � ...+�,. , ,,. r ..:.z, .'�.... � s. r,,. " w v _ . J�`• - f; •„ ti'`' . s �✓rr
U
L_J
•
and the principal hereof when the same mature.
IN WITNESS WHEREOF, the City of Evanston, Cook County,
Illinois, by its City Council, has caused this note to be signed
by its Mayor by his facsimile signature, and attested by its City
Clerk, and the corporate seal of said City to be printed hereon,
and the interest coupons hereto attached to be executed by the
facsimile signatures of said Mayor and City Clerk, which officials,
by the execution of this note, do adopt as and for their own proper
signatures their respective facsimile signatures appearing on said
coupons, all as of the fifteenth day of June, 1980.
Attest:
City Clerk, City of Evanston, Mayor, City of Evanston,
Cook County, Illinois. Cook County, Illinois.
[SEAL] Q
(Form of Coupon)
Number
On the fifteenth day of 1981, the City of
Evanston, Cook County, Illinois, promises to pay to bearer
Dollars ($ ) in lawful money of the United
States of America at
General Obligation
Number
for interest due that day on its
Fund Note, dated June 15, 1980,
City Clerk, City of Evanston,
Cook County, Illinois.
om
��"ii::'.'.�'.�.'A't=K!\Y^ikMMf"�N.• .1:�: iR:T4 n . . �t. �..'�''� +q W r' +�'{" i
�� ,'aL�r�-;aa;,�. ;,�5,,';\�. `..^'"`�'U;... ::araa ��y V: �, 7• •.�; ,3r y�. ,i��
.`S �i''i 4.Jt?.;".,y;a. �,...�.�''k"fr �i! �tw�o '°`:•`N,�,,,�,•w<'i:1:°..^4[ra.:;Y'i
+=:Y...":. i�=,r. :s... .s.�:.4^mow ..a..,. .s:..� .w i,.. �+•. �•.. H•i.+.•..
...,� "� .: P`y"r, :';."<. �. y`iy: v ..; �i . •�'toxti6 '�,..""� . ,bN� ' �, ;r�Y..i �\b'.''•.y.t -'` '.`f'? � " ",
•
•
•
(Form of Registration)
Date of
Registration dame of Registered Owner
Signature of
City Comptroller
Section 4. For the purpose of providing the funds re-
quired to pay the interest on said notes promptly when and as the
same falls due and to pay and discharge the principal thereof at
maturity, there shall be and there is hereby levied upon all of the
taxable property in the City of Evanston, and there shall be col-
lected, the following direct annual tax for the year 1980:
For General Fund Notes, a tax to produce the
sum of $ 4,437,733.34 for interest and prin-
cipal;
For Public Library Fund Notes, a tax to pro-
duce the sum of $ 1 ,069, 333.33 for interest
and principal; and
For Playground and Recreation Fund Notes, a
tax to produce the sum of $ 908,933.33 for
interest and principal.
Section 5. A copy of this ordinance, duly certified by
the City Clerk of the City of Evanston, shall be filed in the
office of the County Clerk of Cook County, Illinois, and shall con-
stitute authority for the extension and collection of such taxes
for the payment of interest on and principal of said respective
notes in addition to and in excess of all other taxes levied by
said City.
Interest on and principal of said notes coming due at
anv time when there are insufficient funds from the proceeds of the
-7-
«w..+I�. �n ���'4t �;s+-f .M
7�N�'s{'^'Ain♦%?.4.^ ♦. •pVw'i m
•yy♦
p . w. ;.....� •r
•� � r..M �L=?�iR ��. �p �. _ ,., ± ..•. .. .. . .N��. f1� � �r
•
- .. ._. �
r �� .
.,r�.. 'F4 SY'y tea, ^. +•+ 1...
�••, YNi ; ..�.. V.Y .1 Yd�CkN. ♦ !\�+'�'i �♦ �._Y..
bl
•• . 1 '. ^_+ w
fi �
� ti. a .,�nl,•f' `I-. � ,♦`%}' . � � •"
t'
<� x.- y:;�;_';,r,.:i�.:',:`.z�xa:��:i�S33k'�#:.'..�•
.',,..tt
..♦., -i.i _k:.���..:�•a...,.L.a..� r,..:...•�__.4._..:,x....:..,._,..s��
.•-�
M
�:�e`,,^'".�+i''�:,ti`,,;�,,',r"'••y<,,,,.�,.�, :'a'.:;„„ .c.�., �
f.
l ��}j�.,A 1•• ,� ..5..
..+a'. Q' Y., ^ • �• ,•••,air
�•y.
.. ,. ,r,-,__ �„, w:t, ^�.�n, w. !a.� per.` .�•
,.. `.,W`i .". +�': re• .. .\ �,J r*eii�,1 b:C'.: h�l J
.. �` n,
•,<'V r •.^t,: �.' i 4`Y ue� n N �'�1�'�. S'( i ..``."�v � x�0`�',i'J•'i.l
�� ♦'t'ry��•
.tom.
;"-�„�
�IV \ \
. .h,L �♦
.':H f:, y'^ "ls♦Z'w"
.. Ja v� ,
i�,`• ulw. i:'
�^. .Nis :,..ih', .(.
'�4 �'i',. M, �� �N•I
>. .. y.y
,. S: Y:•
. ♦
.. .�MYw
• v ..
�u
taxes herein levied to pay the same shall.be paid promptly when due
from any available money of the City in advance of the tars herein
levied, and when said taxes shall have been collected reimbursement
shall be made in the amount so advanced.
Section 6. The notes herein authorized shall be executed
by the officials of the City of Evanston as hereinabove provided as
soon as may be after this ordinance becomes effective, and shall be
deposited with the City Comptroller and by said Comptroller shall
be delivered to the purchaser thereof, namely,
THE NORTHERN TRUST COMPANY, CHICAGO AND ASSOCIATES
upon receipt of the purchase price therefor, same being not less
than par plus accrued interest to date of delivery.and a premium of
$ 4 , 399.00 , contract for the sale of which notes heretofore
entered into shall be and the same is hereby in all respects rat-
ified and approved.
The proceeds of said notes shall be used to provide funds
for the respective purposes as indicated, and said notes shall con-
stitute the first series of notes issued for 1980 by said City for
said respective purposes, pursuant to the provisions of "AN ACT to
authorize units of government of the State of Illinois to issue
full faith and credit tax anticipation notes," effective October 1,
1972, as amended.
Section.7. The County Clerk of Cook County, Illinois,
in computing the tax rate for 1980 for the respective funds of the
City of Evanston, is hereby directed to reduce said tax rate by the
per cent necessary to produce the amount heretofore levied in Sec-
tion 4 to pay the principal of and interest on the respective notes
herein authorized. Accordingly, the taxes levied for the year 1980
4
".��xy^,, W �. X. ;'y�o..,.� s^i+�r'�: :.ra t'� v_r ;'�..., y.� 'r„r.:.r •ter. �e `OYn��.•e�.�:�i:vri..: r<• .-i•�"`'� .wl��`r "�'.,.1• �i,�,
Yam. /f«r.-, .� .. t:`N-. .r. M;�.`.it` « "y*},.,�..,N,.. ',..1'r'fyt •,r'««�� 'r rsa .
'k`e"'!�`�'i.' �' +W,:p �{rti `: ci .� �i��...• "yn:�'..'{'i�.: y' .L:.1�_viy. Rom« �' •,� �,''�'.X°..�� i t.::�, °�4� ,
-� S . .r r -a... .' " ..,rv-.i•.. ° � . 1.+'c'u,+ `. s r _ +..�." .. '`• (,�.•b5•.V� -�'�, ,����"ram,. ..aa� rt. � �' =�, ��'{ycw��:,,«��r:yl _`('�^+w �'
•
0
by Ordinance No. 57-0-80 adopted by the City Council on JUNE 2 ,
1980, a certified copy thereof having been filed with the County
Clerk on JUNE 12 1980, shall be abated by the amounts herein
levied to pay the principal of and interest on the notes herein
authorized, which abatement is itemized as follows: '
Levy for principal
Levy for interest
Total levied and
amount to be
abated for 1980
General Fund
$4,150,000.00
$ 287,733.34
$ 4,437,733.34
Public
Library Fund
$1,000,000.00
$ 69,333.33
Playground
and
Recreation
Fund
$850,000.00
$ 58,933.33
$ 1,069,333.33 $ 908,933.33
provided, however, that said respective tax rates shall not be re-
duced beyond the amount necessary to reimburse any money borrowed
r
from the working cash fund. The City Clerk, not less than thirty
(30) days prior to the tax extension date for taxes levied for the
year 1980, shall certify to the County Clerk of Cook County, Illinois,
the amount of money borrowed from the working cash fund to be re-
imbursed from the respective tax levy.
Section 8. The City covenants that it will take no action
in the investment of the proceeds of sale of said notes which would
result in making the interest payable on said notes subject to
federal income taxes by reason of said notes being classified as
"arbitrage bonds" within the meaning of Section 103(c) of the
Internal Revenue Code of 1954, as amended.
Section 9. This ordinance shall take effect and be in
r�:.+.e.. .Y Y�:ipi.la�I: Lt .�+rP tw.ti .}. {y` , ` • •�pi
1! �.a }+ y 'lir ";,� �� . ��•.`i{,;, Pam' • �''i :`y r - r' t ., . � ..yy�4
:71bq`L'i_ijYY�.`+��.��.?=.i��ir*�';i` "0 c" ���a.. �;z_t. .� .:�,... 1. .:1�.:.. ��.'• ..►. �.a....� _1 -+. �•.
,� a ti.:* ��.YY:� '"`�" ��,•' ~�•+.�,:� n,'._....�',+ ___ ._., ti . ` - _. _ _, ale'�'Ai. ""t .YJ,,.. "
r• U' : •�C. S7. �% �w'1,' tia� `;65k .. �.� �R . T•�\a:'M : �P.S ' ^,w.. "v ..�~ti+
. a. .4'.• e.,,.T'N, ' NPI �`r.r •.�. 1. ,;?, "�^�, ''ems`^ .'`:,,�,.. •t ..a.l,J •. .i�,,AA: .�:.•. t_:r. ti,�+`�iwu h,i�,.^�ti `�^. .,� �.
nyS .. .:�i'�t ,r.�'^.. ^y�. .. ,�: .°a.try'C ow^"', N'. .�• ."�'; .,.,,,.�'+>, ;..� ,; +" i.e, Yr.n"G,: ..•lt:�•;`, a++::�r �n,.r.'
0
0
force from and after its passage and publication as provided by
law.
Att �4
City Cle6rk, City of Evanston,
Cook County, Illinois.
,elo n
ty 4
a- r, i y df'Evats on,
4�� li S_
Ook County, Il n s.
AYE: Aldermen Gerson, Papangelis, Romain, Burden, Nelson, Wvandt,
Summers, Korshak, Fitzsimons, Lauterbach, Neems, Heaston, Barr,
Laycock, and Hoosier.
NAY: None
Aldermen Borah, Alexander (Alderman Allen was not present
ABSENT: aL Ll_�- Li-,)
0
RWS: rd _10-