HomeMy WebLinkAboutRESOLUTIONS-1988-054-R-8854-R-88
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Abating Taxes Levied For The year 1988
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, Illinois, did on the 15th day of December 1980 adopt
Ordinance 120-0-80, an Ordinance entitled:
An Ordinance providing for borrowing money and issuing
$10.000.000 Corporate Purpose Bonds, Series 1981-A, 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 $791,225 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 $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
1988 by the amount of $791,225.
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 1988 in the amount of $791,225.
Mayor
• ATTEST:
J City Clerk
Adopted -At'�P�t� �r 1988