HomeMy WebLinkAbout064-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed $20,000,000 General Obligation Corporate Purpose Bonds, Series 2018B, of the City of Evanston Cook County, Illinois
11/06/2023
64-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $20,000,000 General Obligation Corporate
Purpose Bonds, Series 2018B, 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 2018B bond total is Sixteen Million, Five-
Hundred Forty-Five Thousand Dollars ($16,545,000) there is available from other
sources the amount of Four Hundred Twenty Thousand, Fourty-Four Dollars
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($420,044.00) which may lawfully be utilized to pay sums due on said series 2018B
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 Sixteen Million, Five-Hundred Forty-Five Thousand Dollars
($16,545,000), General Obligation Bonds, Series 2018B, 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 2018B bonds by the
amount of Four Hundred Twenty Thousand, Fourty-Four Dollars ($420,044.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 64-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 64-R-23 and the accompanying Bond
Order for the year 2023 in the amount of Four Hundred Twenty Thousand, Fourty-
Four Dollars ($420,044.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 64-R-23 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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