HomeMy WebLinkAbout065-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed $10,000,000 General Obligation Corporate Purpose Bonds, Series 2018C, of the City of Evanston Cook County, Illinois
11/06/2023
65-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $10,000,000 General Obligation Corporate
Purpose Bonds, Series 2018C, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 9
th day of July, 2018, the City Council of the City
of Evanston, Cook County, Illinois, did adopt Ordinance 71-O-18 entitled:
AN ORDINANCE providing for the issuance of one or more series of
not to exceed $50,000,000 General Obligation Corporate Purpose
Bonds, Series 2018A, to finance the construction and equipment of
a new Robert Crown Community Center, Ice Complex and Library
Center, one or more series of not to exceed $20,000,000 General
Obligation Corporate Purpose Bonds, Series 2018B, for capital
improvements, one or more series of not to exceed $10,000,000
General Obligation Refunding Bonds, Series 2018C, for refunding
purposes and one or more series of not to exceed $5,000,000
Taxable General Obligation Corporate Purpose Bonds, Series
2018D, for redevelopment projects, 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, authorizing and directing the execution of an escrow
agreement in connection with said refunding bonds, and authorizing
an directing the sale of said bonds at public competitive sale.
and
WHEREAS,the Series 2018C bond total is Eight Million, Twenty
Thousand Dollars ($8,020,000) there is available from other sources the amount
of One Hundred Ninety-Seven thousand, One Hundred and Thirty-Eight Dollars
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($197,138.00) which may lawfully be utilized to pay sums due on said series 2018C
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 not
to exceed Ten Million Dollars ($10,000,000), General Obligation Bonds, Series
2018C, of the City of Evanston, Cook County, Illinois, passed July 9, 2018, as
Ordinance 71-O-18, be and the same hereby are abated for the year 2023 under
the Series 2018C bonds by the amount of One Hundred Ninety-Seven thousand,
One Hundred and Thirty-Eight Dollars ($197,138).
SECTION 2: That the City Manager, upon passage of this
Resolution 65-R-23, 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 Resolution 65-R-23 and the accompanying Bond
Order for the year 2023 in the amount of One Hundred Ninety-Seven thousand,
One Hundred and Thirty-Eight Dollars ($197,138.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 65-R-2023 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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