HomeMy WebLinkAbout067-R-23 Abating Taxes Levied for the Year 2023 Heretofore Levied to Pay Principal and Interest on Not to Exceed 18,000,000 General Obligation Corporate Purpose Bonds, Series 2019A, of the City of Evanston Cook County, Illinois
11/06/2023
67-R-23
A RESOLUTION
Abating Taxes Levied for the Year 2023
Heretofore Levied to Pay Principal and Interest on
Not to Exceed 18,000,000 General Obligation Corporate Purpose
Bonds, Series 2019A, of the City of Evanston
Cook County, Illinois
WHEREAS,on the 22
nd day of April, 2019, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 27-O-19 entitled:
AN ORDINANCE 27-O-19 providing for the issuance of one or more
series of not to exceed $18,000,000 General Obligation Corporate
Purpose Bonds, Series 2019A, to finance the construction and
equipment of a new Robert Crown Community Center, Ice Complex
and Library Center and one or more series of not to exceed
$18,000,000 General Obligation Corporate Purpose Bonds, Series
2019B, for capital improvements, of the City of Evanston, Cook
County, Illinois, authorizing the execution of one or more bond orders
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, and authorizing and directing the sale of said bonds at
public competitive sale.
and
WHEREAS,the Series 2019A bond total is Twelve Million Seven
Hundred Fifty Thousand Dollars ($12,750,000) there is available from other
sources the amount of Two Hundred Fifty-Three Thousand Five Hundred Dollars
($253,500.00) which may lawfully be utilized to pay sums due on said series 2019A
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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67-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 Eighteen Million Dollars ($18,000,000), General Obligation Bonds,
Series 2019A, of the City of Evanston, Cook County, Illinois, passed April 22, 2019,
as Ordinance 27-O-19, be and the same hereby are abated for the year 2023 under
the Series 2019A bonds by the amount of Two Hundred Fifty-Three Thousand Five
Hundred Dollars ($253,500.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 67-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 27-O-19 and the accompanying Bond
Order for the year 2023 in the amount of Two Hundred Fifty-Three Thousand Five
Hundred Dollars ($253,500.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 67-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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67-R-23
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