HomeMy WebLinkAbout059-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed $14,000,000 General Obligation Corporate Purpose Bonds, Series 2016A, of the City of Evanston Cook County, Illinois
11/06/2023
59-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $14,000,000 General Obligation Corporate
Purpose Bonds, Series 2016A, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 29
th day of July, 2016, the City Council of the City
of Evanston, Cook County, Illinois, did adopt Ordinance 76-O-16 entitled:
AN ORDINANCE providing for the issuance of one or more series of
not to exceed $14,000,000 General Obligation Corporate Purpose
Bonds, Series 2016A and one or more series of not to exceed
$8,155,000 General Obligation Refunding Bonds, Series 2016B, of
the City of Evanston, Cook County, Illinois, for capital
improvement and refunding purposes, authorizing the execution of
one or more bond orders in connection therewith and providing for
the levy and collection of a direct annual tax for the payment of the
principal of and interest on said bonds.
and
WHEREAS,the Series 2016A bond total is Fourteen Million Dollars
($14,000,000), there is available from other sources the amount of Two Hundred
Ninety-Five Thousand, Three Hundred Forty-Three Dollars ($295,343.00) which
may lawfully be utilized to pay sums due on said series 2016A 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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59-R-23
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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 Dollars ($14,000,000.00) General Obligation Bonds,
Series 2016A, of the City of Evanston, Cook County, Illinois, passed July 29, 2016,
as Ordinance 76-O-16, be and the same hereby are abated for the year 2023 under
the Series 2016A bonds by the amount of Two Hundred Ninety-Five Thousand,
Three Hundred Forty-Three Dollars ($295,343.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 59-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 76-O-16 and the accompanying Bond
Order for the year 2023 in the amount of Two Hundred Ninety-Five Thousand,
Three Hundred Forty-Three Dollars ($295,343.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 59-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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