HomeMy WebLinkAboutRESOLUTIONS-1980-082-R-80L
• 82-R-80
A RESOLUTION
82-R-80
providing for the retirement of certain municipal indebtedness by the use of motor fuel
tax funds
WHEREAS, the City of Evanston
(City, Town, or Village)
outstanding indebtedness described as follows:
has
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(Title of bond issue or paving district and municipal motor fuel tax section number)
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Bonds or -
Numbers
of
Interest
Public Benefit
the
Bonds
or
or
Date
Amount
Assessments
Assessments
Principal
Due
Bonds
1
- 15
$75,000.00
$19,937.50
7/l/76
19,937.50
l/1/77
$114,875.00
16 -
30
75,000.00
18,100.00
7/l/77
18,100.00
l/l/78
111,200.00
31 -
45
75,000.00
16,262.50
7/1/78
16,262.50
l/l/79
107,525.00
46 -
60
75,000.00
14,425.00
7/1/79
14,425.00
1/1/80
103,850.00
61 -
75
75,000.00
12,587.50
yl/80
l/l/81
100,175.00 '
•12,587.50
and TOTAL
$537.625.00
WHEREAS, in the opinion of this body, the indebtedness described in the preceding
paragraph may be retired with funds allotted to the municipality under the Motor Fuel
Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available
when the above indebtedness is due, and
WHEREAS, the Council has, by resolution
(council or president and board of trustees)
adopted , 19 , directed the Clerk of Cook
1975-1976-1977-1978- 1976-1977-1978-1979-
County to cancel the 1979 tax levy (for taxes collectable in 1980) which would
(year) (year)
have produced funds to pay this indebtedness. (Not applicable to special assessment
projects.)
NOW, THEREFORE, BE IT.RESOLVED, that there'is hereby appropriated the sum of
Five hundred'thirty-seven thousand
six hundred twenty-five and 00/100 Dollars ($537,625.OQ ) from funds allotted to
the municipality under the Motor Fuel Tax Law for the payment of the above -described
indebtedness, and
BE IT FURTHER RESOLVED, that the Clerk shall immediately transmit three (3) certi-
fied copies of this resolution to the Region/District Engineer, Department of Trans-
portation, at Schaumburg , Illinois.
• Form BLR M-340 (Rev. 8-72)
Sheet 1 of 2
�+i_"
Mrs.
Sandra Gross , City Clerk in and
(City, Town, or Village)
for the City of Evanston'hereby certify
(City, Town, or Village)
the foregoing to be a true, perfect and complete copy of a resolution adopted by the
Council at a meeting on1-5-
(Council or -President and Board of Trustees)
19,0
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this / 6, day
ofA.D. 19
•(SEAL)
ti
✓fn ,�
C� 7'Y Clerk.
(City, Town, dr Village)
• Form BLR M -340 (Rev. 8-72)
Sheet 2.of 2