HomeMy WebLinkAbout60-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
60-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
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 111" day of September, 2017, the City Council
of the City of Evanston, Cook County, Illinois, did adopt Ordinance 82-0-17
entitled:
and
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.
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 Ninety -Five Thousand, Five Hundred and Seventy -Five Dollars
($95,575.00) 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 82-0-17, be and the same
hereby are abated for the year 2024 under the Series 2017A bonds by the
amount of Ninety -Five Thousand, Five Hundred and Seventy -Five Dollars
($95,575.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 60-R-24, 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 82-0-17 and the accompanying
Bond Order for the year 2024 in the amount of Ninety -Five Thousand, Five
Hundred and Seventy -Five Dollars ($95,575.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 60-R-24 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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%saALd A.:IJ
Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
60-R-24
Approved as to form:
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Alexandra Ruggie, Corporation
Counsel
Adopted: November 25, 2024
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