HomeMy WebLinkAbout058-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 2015A, of the City of Evanston Cook County, Illinois
11/06/2023
58-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 2015A, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 12
th day of October 2015, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 124-O-15 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
2015A and one or more series of not to exceed $11,475,000 General
Obligation Refunding Bonds, Series 2015B, 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 2015A bond total is Fourteen Million Dollars
($14,000,000), there is available from other sources the amount of Four Hundred
Thirteen Thousand, One Hundred Thirty-One Dollars ($413,131.00) which may
lawfully be utilized to pay sums due on said series 2015A 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
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to exceed Fourteen Million Dollars ($14,000,000.00) General Obligation Bonds,
Series 2015A, of the City of Evanston, Cook County, Illinois, passed October 12,
2015, as Ordinance 124-O-15, be and the same hereby are abated for the year
2023 under the Series 2015A bonds by the amount of Four Hundred Thirteen
Thousand, One Hundred Thirty-One Dollars ($413,131.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 58-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 124-O-15 and the accompanying Bond
Order for the year 2023 in the amount of Four Hundred Thirteen Thousand, One
Hundred Thirty-One Dollars ($413,131.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 58-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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