HomeMy WebLinkAboutT3-20 R.ECEIVEP'
MAR 10 2021
State of Illinois ) rKANE COUNTY CL_.:-: :
Ordinance No. T3-20
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2019 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2011
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S7-11, an Ordinance Providing for the Issuance of $9,695,000 General Obligation
Corporate Purpose Bonds, Series 2011,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 2019 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$504,700 for the year 2019 as provided and levied in the ordinance
providing for the issuance of $9,695,000 General Obligation Corporate Purpose Bonds, Series
2011, passed May 25, 2011, 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 March 15, 2020.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
s/ David J. Kaptain
David J. Kaptain, Mayor
Presented: March 4, 2020
Passed: March 4, 2020
Vote: Yeas: 8 Nays: 0 Abstain: 1
Recorded: March 4, 2020
Published: March 6, 2020
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
KANE COUNTY CLERK
719 S.Batavia Ave.,Bldg B
Geneva,IL 60134
1 630/232-5964 •
DATE: `O
UNIT OF GOVERNMENT: Cl , ` •
PERSON FILING: • ,
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DEPUTY CLERK KANE COUNTY CLERK