HomeMy WebLinkAbout69-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
69-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
Heretofore Levied to Pay Principal and Interest on
Not to Exceed 34,000,000 General Obligations Corporate
Purpose Bonds, Series 2020, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 27th day of July, 2020. the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 69-0-20 entitled:
AN ORDINANCE providing for the issuance of not to exceed
$34,000,000 General Obligation Corporate Purpose Bonds,
Series 2020, of the City of Evanston, Cook County, Illinois, to
finance capital improvements and refund certain outstanding bonds
of said City, authorizing the execution of a bond order 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 bonds, and authorizing and directing
sale of said bonds at public competitive sale.
WHEREAS, the Series 2020 bond total is Twenty -Seven Million
Nine Hundred Sixty Thousand Dollars ($27,960,000) there is available from other
sources the amount of Eight Hundred Fifty -Three Thousand, Three Hundred
Eighty -One Dollars ($853,381.00) which may lawfully be utilized to pay sums due
on said series 2020 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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69-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 Thirty -Four Million Dollars ($34,000,000), General Obligation
Bonds, Series 2020, of the City of Evanston, Cook County, Illinois, passed July
27, 2020, as Ordinance 69-0-20, be and the same hereby are abated for the
year 2024 under the Series 2020 bonds by the amount of Eight Hundred Fifty -
Three Thousand, Three Hundred Eighty -One Dollars ($853,381.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 69-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 69-0-20 and the accompanying
Bond Order for the year 2024 in the amount of Eight Hundred Fifty -Three
Thousand, Three Hundred Eighty -One Dollars ($853,381.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 69-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_
haAzd ez. %j
Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
69-R-24
Approved as to form:
AeXam4a 8. Rom.
Alexandra Ruggie, Corporation
Counsel
Adopted: November 25 2024
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