HomeMy WebLinkAbout65-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
65-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $10,000,000 General Obligation Corporate
Purpose Bonds, Series 2018C, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 91h day of July, 2018, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 71-0-18 entitled:
and
AN ORDINANCE providing for the issuance of one or more series
of not to exceed $50,000,000 General Obligation Corporate
Purpose Bonds, Series 2018A, to finance the construction and
equipment of a new Robert Crown Community Center, Ice Complex
and Library Center, one or more series of not to exceed
$20,000,000 General Obligation Corporate Purpose Bonds, Series
2018B, for capital improvements, one or more series of not to
exceed $10,000,000 General Obligation Refunding Bonds, Series
2018C, for refunding purposes and one or more series of not to
exceed $5,000,000 Taxable General Obligation Corporate Purpose
Bonds, Series 2018D, for redevelopment projects, 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, authorizing and directing the
execution of an escrow agreement in connection with said
refunding bonds, and authorizing an directing the sale of said
bonds at public competitive sale.
WHEREAS, the Series 2018C bond total is Eight Million, Twenty
Thousand Dollars ($8,020,000) there is available from other sources the amount
of One Hundred Ninety -Seven thousand, Three Hundred and Forty -Two Dollars
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65-R-24
($197,342.00) which may lawfully be utilized to pay sums due on said series
2018C bonds for which taxes were heretofore levied;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL,
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
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 Ten Million Dollars ($10,000,000), General Obligation Bonds,
Series 2018C, of the City of Evanston, Cook County, Illinois, passed July 9,
2018, as Ordinance 71-0-18, be and the same hereby are abated for the year
2024 under the Series 2018C bonds by the amount of One Hundred Ninety -
Seven thousand, Three Hundred and Forty -Two Dollars ($197,342.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 65-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 Resolution 65-R-24 and the accompanying
Bond Order for the year 2024 in the amount of One Hundred Ninety -Seven
thousand, Three Hundred and Forty -Two Dollars ($197,342.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 65-R-2024 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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Attest:
Stephanie Mendoza, City Clerk
Adopted: November 25 2024
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65-R-24
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Daniel Biss, Mayor
Approved as to form:
Alexandra Ruggie, Corporation
Counsel
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