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HomeMy WebLinkAboutRESOLUTIONS-1990-069-R-9069-R-90 A RESOLUTION E • Abating Taxes�Levied For The year 1990 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 $359,046 which may lawfully be utilized to pay sums due on said bonds for which taxes were heretofore levied: i NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: t SECTION I: That the taxes heretofore levied and provided for in the Ordinance providing for 1 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 120-0-80, be and the same hereby are abated for the year 1990 by the amount of $359,046. 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 1990 in the amount of $359,046. r A• City Clerk • Adopted �/�t�� % ( / , 1990 Mayor i