HomeMy WebLinkAboutRESOLUTIONS-1987-073-R-87•
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j; 73-R-87
A RES"OLUTION
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Abating Taxes Levied For The Year 1987
Heretofore Levied To Pay Principal And
Interest On $6,500,000 Corporate Purpose
' Bonds, Series 1982 Of The City Of
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Evanston, Cook County, Illinois
WHEREAS, THE City Council of the City of Evanston, Cook County,
` Illinois, did on the 14th day of June, 1982, adopt Ordinance 63-0-82, an
i Ordinance entitled:
An Ordinance providing for borrowing money and issuing $6,500,000
Corporate Purpose Bonds, Series 1982, 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
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iWHEREAS, there is available from other sources the amount of
$789,687.50 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
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EVANSTON, COOK COUNTY, ILLINOIS:
j! SECTION I: That the taxes heretofore levied and provided for in the
i' 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
Ordinance 63-0-82, be and the same hereby are abated for the year
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1987 by the amount of $789,687.50.
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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
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! shall direct said County Clerk to abate the taxes heretofore levied
under said Ordinance 63-0-82 for the year 1987 in the amount of
$789,687.50.
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;ATTEST:
! City Clerk.
,Adopted
u�
Mayor
-X,5;t�of 3 1987