HomeMy WebLinkAbout060-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed $14,500,000 General Obligation Corporate Purpose Bonds, Series 2017A, of the City of Evanston Cook County, Illinois
11/06/2023
60-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $14,500,000 General Obligation Corporate
Purpose Bonds, Series 2017A, 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 2017A bond total is Fourteen Million, Five
Hundred Thousand Dollars ($14,500,000), there is available from other sources
the amount of One Hundred Twenty-Seven Thousand, Three Hundred and
Seventy-Five Dollars ($127,375.00) which may lawfully be utilized to pay sums due
on said series 2017A 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 Fourteen Million Five Hundred Thousand Dollars ($14,500,000.00)
General Obligation Bonds, Series 2017A, 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 2017A bonds by the amount
of One Hundred Twenty-Seven Thousand, Three Hundred and Seventy-Five
Dollars ($127,375.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 60-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 One Hundred Twenty-Seven Thousand,
Three Hundred and Seventy-Five Dollars ($127,375.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 60-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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