HomeMy WebLinkAbout59-R-24 Abating Taxes Levied for the Year 2024 Heretofore Levied to Pay Principal and Interest11 /11 /2024
59-R-24
A RESOLUTION
Abating Taxes Levied for the Year 2024
Heretofore Levied to Pay Principal and Interest on
Not to Exceed $14,000,000 General Obligation Corporate
Purpose Bonds, Series 2016A, of the City of Evanston
Cook County, Illinois
WHEREAS, on the 29th day of July, 2016, the City Council of the
City of Evanston, Cook County, Illinois, did adopt Ordinance 76-0-16 entitled:
and
AN ORDINANCE providing for the issuance of one or more series
of not to exceed $14,000,000 General Obligation Corporate
Purpose Bonds, Series 2016A and one or more series of not to
exceed $8,155,000 General Obligation Refunding Bonds, Series
2016B, of the City of Evanston, Cook County, Illinois, for capital
improvement and refunding purposes, authorizing the execution of
one or more bond orders in connection therewith and providing for
the levy and collection of a direct annual tax for the payment of the
principal of and interest on said bonds.
WHEREAS, the Series 2016A bond total is Fourteen Million Dollars
($14,000,000), there is available from other sources the amount of Two Hundred
Sixty -Six Thousand, Seven Hundred Forty -Three Dollars ($266,743.00) which
may lawfully be utilized to pay sums due on said series 2016A 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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59-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 Fourteen Million Dollars ($14,000,000.00) General Obligation
Bonds, Series 2016A, of the City of Evanston, Cook County, Illinois, passed July
29, 2016, as Ordinance 76-0-16, be and the same hereby are abated for the
year 2024 under the Series 2016A bonds by the amount of Two Hundred Sixty -
Six Thousand, Seven Hundred Forty -Three Dollars ($266,743.00).
SECTION 2: That the City Manager, upon passage of this
Resolution 59-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 76-0-16 and the accompanying
Bond Order for the year 2024 in the amount of Two Hundred Sixty -Six Thousand,
Seven Hundred Forty -Three Dollars ($266,743.00).
SECTION 3: That the foregoing recitals are hereby found as fact
and made a part hereof.
SECTION 4: That this Resolution 59-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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Daniel Biss, Mayor
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Attest:
Stephanie Mendoza, City Clerk
Adopted: November 25, 2024
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59-R-24
Approved as to form: ccggc� .3��eXarrc%1a 8. /Q QO
Alexandra Ruggie, Corporation
Counsel
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