HomeMy WebLinkAbout019-R-23 Expressing Official Intent Regarding Expenditures from the Funds of the City of Evanston, Cook County, Illinois, to be Reimbursed from Proceeds of Obligations to be Issued by the City of Evanston, Cook County, Illinois02/27/2023
19-R-23
A RESOLUTION
Expressing Official Intent Regarding Expenditures from the Funds of
the City of Evanston, Cook County, Illinois, to be Reimbursed from
Proceeds of Obligations to be Issued by the City of Evanston, Cook
County, Illinois
WHEREAS, the City of Evanston, Cook County, Illinois (the “City”) has
financed and further intends to finance projects (attached as Exhibit “A”) consisting of
various capital improvements at various locations throughout the City, including certain
capital expenditures as detailed for the year 2023 in the City’s Capital Improvement Plan,
as adopted by the City Council of the City (the “Projects”) on December 12, 2022; and
WHEREAS, all or a portion of the expenditures as proposed to be
reimbursed and relating to such Projects (the “Expenditures”): (i) have been paid within
(60) days prior to the passage of this Resolution; or (ii) will be paid on or after the
passage of this Resolution; and
WHEREAS, the City reasonably expects to reimburse itself or pay for the
Expenditures with proceeds of an obligation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: Incorporation of Preambles. The City Council hereby finds
and determines that all of the recitals contained in the preambles to this resolution are
full, true and correct and does hereby incorporate them into this Resolution by this
reference.
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19-R-23
_______________________________
Daniel Biss, Mayor
Attest:
_______________________________
Stephanie Mendoza, City Clerk
Adopted: _________________, 2023
SECTION 2: Reimbursement. The City reasonably expects to reimburse or
pay the Expenditures with the proceeds of an obligation.
SECTION 3: Maximum Principal Amount. The maximum principal amount
of the obligations to be issued for the Projects is seventeen million seven hundred and six
thousand dollars ($17,706,000).
SECTION 4: Actions. All actions of the officers, agents and employees of
the City that are in conformity with the purposes and intent of this Resolution, whether
taken before or after the adoption hereof, are hereby ratified, confirmed and adopted.
SECTION 5: Severability. If any section, paragraph, or provision of this
Resolution shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such section, paragraph, or provision shall not affect any of the
remaining provisions of this Resolution.
SECTION 6: This Resolution 19-R-23 shall be in full force and effect from
and after its passage and approval in the manner provided by law.
_______________________________
Nicholas Cummings, Corporation
Counsel March 27,2023
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