HomeMy WebLinkAboutT1-16 Ordinance No. T1-16
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2015 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1997A
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S8-97, An Ordinance Providing for the Issuance of $4,860,000 General Obligation
Corporate Purpose Bonds, Series 1997A, of the City of Elgin, Kane and Cook Counties, 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,the levy of the tax for the year 2015 provided in the ordinance is unnecessary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the County Clerks of Kane and Cook Counties, are hereby authorized
and directed to abate the tax of$422,000 for the year 2015 as provided and levied in the ordinance
providing for the issuance of $4,860,000 General Obligation Corporate Purpose Bonds, Series
1997A, passed May 14, 1997, a copy of which was filed with each of said county clerks.
Section 2. That the City Clerk is authorized and directed to file a certified copy of this
ordinance with the County Clerks of Kane and Cook Counties, Illinois, on or before March 10,
2016.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
David J. tai , Mayor
Presented: February 24, 2016
• Passed: February 24, 2016
Vote: Yeas: 9 Nays: 0
Recorded: February 24, 2016
Published: February 26, 2016 S►�....' F�.F4C�
Attest:
Kimberlyhe•e/
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Dewis, CityC erk �' -
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State of Illinois)
County of Kane) ss
City of Elgin )
RECEIVED
Recording Information
MAR03Z016
KANE COUNTY CLERK CERTIFICATE OF CITY CLERK
I, Kimberly Dewis, DO HEREBY CERTIFY that I am the duly qualified City Clerk of
the City of Elgin, in the Counties of Kane and Cook in the State of Illinois, and that as such City
Clerk I am the keeper and custodian of the files and records of said City of Elgin and the seal
thereof.
I DO FURTHER CERTIFY that the attached is a full, true, and correct copy of:
ORDINANCE NO. T1-16
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2015 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1997A
passed by the Elgin City Council at its legally convened meeting held on February 24, 2016.
In Witness Whereof, I have hereunto set my hand and affixed the corporate seal of the
City of Elgin at the said City in the County and State aforesaid this February 25, 2016.
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• ''u+s fiu G` ` Kimberly Dewis City Clerk
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Thfs''instrument prepared by: Return to:
William A. Cogley Kimberly Dewis
Corporation Counsel Elgin City Clerk
City of Elgin 150 Dexter Court
150 Dexter Court Elgin, IL 60120
Elgin, IL 60120
•
KANE COUNTY CLERK
719 S.Batavia Ave.,Bldg B
Geneva, IL 60134
630/232-5964
DATE: S 0-Si iç,
UNIT OF GOVERNMENT: C' 4 F El ) r
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DEP CLERK KANE COUNTY CLERK