HomeMy WebLinkAbout069-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed 34,000,000 General Obligations Corporate Purpose Bonds, Series 2020, of the City of Evanston Cook County, Illinois
11/06/2023
69-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed 34,000,000 General Obligations Corporate
Purpose Bonds, Series 2020, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 27th day of July, 2020, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 69-O-20 entitled:
AN ORDINANCE providing for the issuance of not to exceed
$34,000,000 General Obligation Corporate Purpose Bonds,
Series 2020, of the City of Evanston, Cook County, Illinois, to
finance capital improvements and refund certain outstanding bonds
of said City, authorizing the execution of a bond order 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 bonds, and authorizing and directing
sale of said bonds at public competitive sale.
.
WHEREAS,the Series 2020 bond total is Twenty-Seven Million Nine
Hundred Sixty Thousand Dollars ($27,960,000) there is available from other
sources the amount of Eight Hundred Forty-Seven Thousand, One Hundred Sixty-
Three Dollars ($846,915.00) which may lawfully be utilized to pay sums due on
said series 2020 bonds for which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
~1~
Page 1 of 3 Doc ID: 8f7b8b433b2778d7dfd5c02bb88552b750d22a5c
69-R-23
~2~
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 Thirty-Four Million Dollars ($34,000,000), General Obligation Bonds,
Series 2020, of the City of Evanston, Cook County, Illinois, passed July 27, 2020,
as Ordinance 69-O-20, be and the same hereby are abated for the year 2023 under
the Series 2020 bonds by the amount of Eight Hundred Forty-Seven Thousand,
One Hundred Sixty-Three Dollars ($846,915.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 69-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 69-O-20 and the accompanying Bond
Order for the year 2023 in the amount of Eight Hundred Forty-Seven Thousand,
One Hundred Sixty-Three Dollars ($846,915.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 69-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.
Page 2 of 3 Doc ID: 8f7b8b433b2778d7dfd5c02bb88552b750d22a5c
69-R-23
~3~
Page 3 of 3 Doc ID: 8f7b8b433b2778d7dfd5c02bb88552b750d22a5c