HomeMy WebLinkAboutRESOLUTIONS-1987-069-R-8769-R-87
A RESOLUTION
Abating Taxes Levied For The Year 1987
Heretofore Levied To Pay Principal and
Interest On $7,000,000 Corporate Purpose
Bonds, Series 1980 Of The City Of
• Evanston, Cook County, Illinois
WHEREAS, the City Council of the City of Evanston, Cook County,
i Illinois did on the 25th day of February, 1980, adopt Ordinance 10-0-80, an
i Ordinance entitled:
An Ordinance providing for borrowing money and issuing $7,000,000
' Corporate Purpose Bonds, Series 1980, 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
I
WHEREAS, there is available from other sources the amount of $158,451
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
i EVANSTON, COOK COUNTY, ILLINOIS:
SECTION I: That the taxes heretofore levied and provided for in the
® Ordinance providing for
the issuance of $7,000,000 Corporate Purpose Bonds, Series 1980, of
the City of Evanston, Cook County, Illinois, passed February 25,
1980, as Ordinance 10-0-80, be and the same hereby are abated for the
year 1987 by the amount of $158,451.
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 10-0-80 for the year 1987 in the amount of
$158,451.
ATTE T:
City Clerk
I
Adopted
c Mayor
, 1987