HomeMy WebLinkAboutRESOLUTIONS-1986-075-R-86•
75-R-86
A RESOLUTION
Abating Taxes Levied For The Year 1986
Heretofore Levied To Pay Principal And
Interest On $6,500,000 Corporate Purpose
Bonds, Series 1982 Of The City Of
Evanston, Cook County, Illinois
WHEREAS, THE City Council of the City of Evanston, Cook County,
Illinois, did on the 14th day of October, 1982, adopt Ordinance 63-0-82, an
' Ordinance entitled:
An Ordinance providing for borrowing money and issuing $6,500,000
Corporate Purpose Bonds, Series 1982, of the City of Evanston, Cook
County, Illinois, and providing for the levy and collection of a
' direct annual tax for the payment of the principal of and interest on
said bonds; and
WHEREAS, there is available from other sources the amount of
$797,562.50 which may lawfully be utilized to pay sums due on said 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 I: That the taxes heretofore levied and provided for in the
Ordinance providing for
the issuance' of $6,500.000 Corporate Purpose Bonds, Series 1982 of
the City of Evanston, Cook County, Illinois, passed June 14, 1982, as
i Ordinance 63-0-82, be and the same hereby are abated for .the year
1986 by the amount of $797,562.50.
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SECTION 2: That the City Manager, upon passage of this resolution,
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 63-0-82 for the year 1986 in the amount. of
$797,562.50.
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Mayor
ATTEST:
City Clerk
Adopted �CJ , 1986
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