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HomeMy WebLinkAboutT2-06 (2) Ordinance No. T2-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2005B WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S13-05, An Ordinance Providing for the Issuance of$9,715,000 General Obligation Refunding Bonds, Series 2005B, 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 2005 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$404,725 for the year 2005 as provided and levied in the ordinance providing for the issuance of$9,715,000 General Obligation Refunding Bonds,Series 2005B,passed April 27, 2005, 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, prior to April 12, 2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk • Ordinance No. T3-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 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 2005 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 $62,425 for the year 2005 as provided and levied in the ordinance providing for the issuance of$4,860,000 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T4-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1999 WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S4-99, an Ordinance providing for the issuance of $9,750,000 General Obligation Corporate Purpose Bonds, Series 1999, 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 2005 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$375,135 for the year 2005 as provided and levied in the ordinance providing for the issuance of$9,750,000 General Obligation Corporate Purpose Bonds,Series 1999, passed May 12, 1999, 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 CountyClerks of Kane and Cook Counties,Illinois,on or before April 12,2006. p Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T5-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2003A WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S6-03, An Ordinance Providing for the Issuance of $3,700,000 General Obligation Corporate Purpose Bonds,Series 2003A,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 2005 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$272,760 for the year 2005 as provided and levied in the ordinance providing for the issuance of $3,700,000 General Obligation Corporate Purpose Bonds, Series 2003A, passed April 23, 2003, 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, prior to April 12, 2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T6-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2003 WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S 1-03, an Ordinance providing for the issuance of $15,625,000 General Obligation Refunding Bonds, Series 2003, 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 2005 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 a portion of the tax of$2,071,238 for the year 2005 as provided and levied in the ordinance providing for the issuance of$15,625,000 General Obligation Refunding Bonds, Series 2003,passed January 22,2003, a copy of which was filed with each of said county clerks; said tax shall be abated by reducing said sum$1,689,828 and extending a tax for the year 2005 in the amount of$381,410 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T7-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004A WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S4-98, An Ordinance Providing for the Issuance of $11,860,000 General Obligation Corporate Purpose Bonds,Series 2004A,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 2005 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 a portion of the tax of$1,001,013 for the year 2005 as provided and levied in the ordinance providing for the issuance of$11,760,000 General Obligation Corporate Purpose Bonds, Series 2004A,passed April 14,2004,a copy of which was filed with each of said county clerks;said tax shall be abated by reducing said sum $501,600 and extending a tax for the year 2005 in the amount of $499,413 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T8-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2004B WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S13-04, An Ordinance Providing for the Issuance of$5,435,000 General Obligation Refunding Bonds, Series 2004B, 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 2005 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$553,313 for the year 2005 as provided and levied in the ordinance providing for the issuance of$5,435,000 General Obligation Refunding Bonds,Series 2004B,passed April 14, 2004, 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, prior to April 12, 2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk 1 Ordinance No. T9-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2005A WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S3-05, An Ordinance Providing for the Issuance of$11,365,000 General Obligation Refunding Bonds, Series 2005A, 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 2005 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$582,406 for the year 2005 as provided and levied in the ordinance providing for the issuance of$11,365,000 General Obligation Refunding Bonds, Series 2005A, passed January 12, 2005, 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, prior to April 12, 2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T10-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1996A WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S14-96, An Ordinance Providing for the Issuance of$21,640,000 General Obligation Corporate Purpose Bonds,Series 1996A,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 2005 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$121,538 for the year 2005 as provided and levied in the ordinance providing for the issuance of$21,640,000 General Obligation Corporate Purpose Bonds, Series 1996A, passed December 4, 1996, 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T11-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION REFUNDING BONDS, SERIES 1998B WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S4-98, An Ordinance Providing for the Issuance of $40,775,000 General Obligation Corporate Refunding Bonds, Series 1998B, 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 2005 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 a portion of the tax of$5,661,940 for the year 2005 as provided and levied in the ordinance providing for the issuance of $40,775,000 General Obligation Corporate Refunding Bonds, Series 1998B, passed April 8, 1998, a copy of which was filed with each of said county clerks; said tax shall be abated by reducing said sum $2,560,798 and extending a tax for the year 2005 in the amount of$3,101,142 against all taxable property situated in the City of Elgin,Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T12-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2000 WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S2-00, an Ordinance providing for the issuance of $24,810,000 General Obligation Corporate Purpose Bonds, Series 2000, 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 2005 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 a portion of the tax of$1,776,045 for the year 2005 as provided and levied in the ordinance providing for the issuance of$24,810,000 General Obligation Corporate Purpose Bonds, Series 2000,passed April 26, 2000, a copy of which was filed with each of said county clerks, said tax shall be abated by reducing said sum $1,655,370 and extending a tax for the year 2005 in the amount of $120,675 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T13-06 AN ORDINANCE ABATING THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2001A WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S4-01, an Ordinance providing for the issuance of $5,525,000 General Obligation Refunding Bonds, Series 2001A, 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 2005 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 a portion of the tax of$557,243 for the year 2005 as provided and levied in the ordinance providing for the issuance of$5,525,000 General Obligation Refunding Bonds, Series 2001A, passed April 25, 2001, a copy of which was filed with each of said county clerks, said tax shall be abated by reducing said sum$340,373 and extending a tax for the year 2005 in the amount of$216,870 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/ Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T14-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2001B WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S5-01, an Ordinance providing for the issuance of $13,715,000 General Obligation Refunding Bonds, Series 2001B,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 2005 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 a portion of the tax of$1,472,969 for the year 2005 as provided and levied in the ordinance providing for the issuance of$13,715,000 General Obligation Refunding Bonds, Series 2001B, passed April 25, 2001, a copy of which was filed with each of said county clerks, said tax shall be abated by reducing said sum$794,281 and extending a tax for the year 2005 in the amount of$678,688 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T15-06 AN ORDINANCE ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2002 WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of the tax levied by Ordinance S 10-02, an Ordinance providing for the issuance of $8,775,000 General Obligation Corporate Purpose Bonds, Series 2002, 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 2005 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 a portion of the tax of$772,643 for the year 2005 as provided and levied in the ordinance providing for the issuance of$8,775,000 General Obligation Corporate Purpose Bonds, Series 2002,passed April 24, 2002, a copy of which was filed with each of said county clerks, said tax shall be abated by reducing said sum $260,838 and extending a tax for the year 2005 in the amount of $511,805 against all taxable property situated in the City of Elgin, Kane and Cook Counties, Illinois. 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 April 12,2006. Section 3. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk Ordinance No. T16-06 AN ORDINANCE REGARDING ABATING A PORTION OF THE ANNUAL TAX FOR 2005 FOR REFUNDING AND CORPORATE PURPOSE BONDS WHEREAS,the City Council has adopted Ordinance Numbers T11-06,T13-06,T14-06 and T15-06 providing for abating a portion of the annual tax for 2005 for refunding and corporate purpose bonds for the series bonds referred to in such ordinances; and WHEREAS, depending upon the 2005 assessed valuation figures and the state multiplier it maybe necessary to further adjust the amounts of the abatement and resulting tax levy in Section 1 of such ordinances in order to arrive at a 2005 tax rate for the City of Elgin not to exceed$1.9299 per $100.00 of assessed valuation. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. That the city's Fiscal Services Director be and is hereby authorized and directed that upon receipt of 2005 assessed valuation figures and the state multiplier to adjust,to the extent reasonably practicable, the amount of the abatement and resulting tax levy in the Section 1 of Ordinance Numbers T 11-06,Ti3-06,T 14-06 and T 15-06 so as to attempt to arrive at a 2005 tax rate for the City of Elgin not to exceed $1.9299 per $100 of assessed valuation. The city's Fiscal Services Manager shall make such adjustments, if any, prior to the filing of a certified copy of Ordinance Numbers T 11-06,T 13-06,T 14-06 and T 15-06 with the County Clerks of Kane and Cook Counties, Illinois, whereupon the amount of the abatement and tax levy in Section 1 of Ordinance Numbers T 11-06, T13-06, T 14-06 and T 15-06 shall be deemed final. Section 2. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: March 22, 2006 Passed: March 22, 2006 Omnibus Vote: Yeas: 7 Nays: 0 Recorded: March 23, 2006 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk ., 'P• et , ''. A �i• —City of Elgin �, Mayor r v. �w: Ed Schock Jai `4-;t,A-.-~ Council Members Juan Figueroa Robert Gilliam David J. Kaptair, Brenda Rodgers • Thomas K. Sandor John Walters City Manager (Aufem)Folarin April 12, 2006 Ms. Susan Ericson Tax Extension Office Kane County Clerk's Office P.O. Box 71 Geneva, IL 60134 Re: 2005 Tax Levy Abatement Ordinances Dear Susan: I am enclosing certified copies of the City of Elgin's 2005 tax abatement ordinances (Ordinances Nos. T2-06 through T15-06. These ordinances were passed by the Elgin City Council on March 22, 2006. If you have any questions regarding the enclosed abatement ordinances,please contact Colleen Lavery, Assistant Finance Director, at 847/931-5636. Sincerely, Dolonna "Loni"Mecum, CMC City Clerk 847/931-5661 Enclosures c: James R. Nowicki,Fiscal Services Director PERSONAL DELIVERY 150 Dexter Court• Elgin. IL 60120-5555 • Phone 847/931-6100 • Fax 847/931-5610•TDD 847/931-5616 www.cityofelgin.org Printed or recycled paper