HomeMy WebLinkAbout61-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /1112024
61-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $9,665,000 General Obligation Corporate Purpose
Bonds, Series 2017B, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 111h 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 2017E bond total is Nine Million, Six
Hundred Sixty -Five Thousand Dollars ($9,665,000), there is available from other
sources the amount of Fifty -Nine Thousand, Three Hundred and Forty -One
Dollars ($59,341.00) which may lawfully be utilized to pay sums due on said
series 2017BA 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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61-R-24
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 Nine Million, Six Hundred Sixty -Five Thousand Dollars
($9,665,000) General Obligation Refunding Bonds , Series 2017B, 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
2017E bonds by the amount of Fifty -Nine Thousand, Three Hundred and Forty -
One Dollars ($59,341.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 61-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 Fifty -Nine Thousand, Three
Hundred and Forty -One Dollars ($59,341.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 61-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.
-..2--
ISancd iBc.ss
Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
Adopted: November 25, 2024
61-R-24
Approved as to form:
Alexandra Ruggie, Corporation
Counsel
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