HomeMy WebLinkAbout061-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed $9,665,000 General Obligation Corporate Purpose Bonds, Series 2017B, of the City of Evanston Cook County, Illinois
11/06/2023
61-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $9,665,000 General Obligation Corporate Purpose
Bonds, Series 2017B, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 11
th day of September, 2017, the City Council of
the City of Evanston, Cook County, Illinois, did adopt Ordinance 82-O-17 entitled:
AN ORDINANCE providing for the issuance of one or more series of
not to exceed $14,500,000 General Obligation Corporate Purpose
Bonds, Series 2017A, one or more series of not to exceed
$9,665,000 General Obligation Refunding Bonds, Series 2017B, and
one or more series of not to exceed $5,000,000 Taxable General
Obligation Corporate Purpose Bonds, Series 2017C of the City of
Evanston, Cook County, Illinois, for capital improvement and
refunding purposes, authorizing and directing the execution of an
escrow agreement in connection with said bonds, and authorizing
and directing the sale of said bonds at public competitive sale.
and
WHEREAS,the Series 2017B bond total is Nine Million, Six Hundred
Sixty-Five Thousand Dollars ($9,665,000), there is available from other sources
the amount of Fifty-Nine Thousand, One Hundred and Seventy-Seven Dollars
($59,177.00) which may lawfully be utilized to pay sums due on said series
2017BA 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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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 Nine Million, Six Hundred Sixty-Five Thousand Dollars ($9,665,000)
General Obligation Refunding Bonds , Series 2017B, of the City of Evanston, Cook
County, Illinois, passed September 11, 2017, as Ordinance 82-O-17, be and the
same hereby are abated for the year 2023 under the Series 2017B bonds by the
amount of Fifty-Nine Thousand, One Hundred and Seventy-Seven Dollars
($59,177.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 61-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 Ordinance 82-O-17 and the accompanying Bond
Order for the year 2023 in the amount of Fifty-Nine Thousand, One Hundred and
Seventy-Seven Dollars ($59,177.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 61-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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