HomeMy WebLinkAboutRESOLUTIONS-1987-071-R-8771-R-87
A RESOLUTION
iAbating Taxes Levied For The year 1987
Heretofore Levied To Pay Principal and
Interest On $10,000,000 Corporate Purpose
• Bonds, Series 1981-A.Of The City Of
Evanston, Cook County, Illinois
WHEREAS, THE City Council of the City of Evanston, Cook County,
I; Illinois, did on the 15th day of December 1980 adopt Ordinance 120-0-80, an
fI Ordinance entitled:
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i
An Ordinanceproviding for borrowing money and issuing $10,000,000
Corporate Purpose Bonds, Series 1981-A, of The City of Evanston, Cook
i County, Illinois, and providing for the levy and collection of a
I; 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 $848f410
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,.ILLINOI_S:
SECTION I: That the taxes heretofore levied and provided for in the
Ordinance providing for
. the issuance of $10,000,000 Corporate Purpose Bonds, Series 1981-A,
' of the City of Evanston, Cook County, Illinois, passed December 15,
!
1980, as Ordinance 20-0-80, be and the same hereby are abated for the
year 1987 by the amount of $848,410.
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 120-0-80 for the year 1987 in the amount of
$848,410.
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G— Mayor
I
'AT ST
i City Clerk
i Adopted �'% �� 1987
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