HomeMy WebLinkAbout67-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
67-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
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 22nd day of April, 2019, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 27-0-19 entitled
and
AN ORDINANCE 27-0-19 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.
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 Eighty -Five Thousand Two Hundred Fifty
Dollars ($285,250.00) 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-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 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 27-0-19, be and the same hereby are abated for the year
2024 under the Series 2019A bonds by the amount of Two Hundred Eighty -Five
Thousand Two Hundred Fifty Dollars ($285,250.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 67-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 27-0-19 and the accompanying
Bond Order for the year 2024 in the amount of Two Hundred Eighty -Five
Thousand Two Hundred Fifty Dollars ($285,250.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 67-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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ISaAzd &jj
Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
Adopted: November 25, 2024
—;.
67-R-24
Approved as to form:
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Alexandra Ruggie, Corporation
Counsel
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