HomeMy WebLinkAbout62-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
62-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $5,000,000 General Obligation Corporate Purpose
Bonds, Series 2017C, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 11th 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 2017C bond total is Five Million Dollars
($5,000,000) there is available from other sources the amount of Four Hundred
Twelve Thousand, One Hundred Eighty -Three Dollars ($412,183.00) which may
lawfully be utilized to pay sums due on said series 2017C 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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62-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 Five Million Dollars ($5,000,000.00) General Obligation Bonds,
Series 2017C, 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 2017C bonds by the amount of F Four Hundred
Twelve Thousand, One Hundred Eighty -Three Dollars ($412,183.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 62-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 Four Hundred Twelve Thousand,
One Hundred Eighty -Three Dollars ($412,183.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 62-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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halwey A.Lij
Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
62-R-24
Approved as to form:
Alexandra Ruggie, Corporation
Counsel
Adopted: November 25, 2024
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