HomeMy WebLinkAboutT12-84 Ordinance No. T12-84
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 1984 FOR
STREET IMPROVEMENT BONDS
WHEREAS, the City of Elgin will have sufficient funds on hand to pay a portion of
the tax levied by Ordinance T-1277, An Ordinance Providing for Borrowing Money and
Issuing Bonds of the City of Elgin, Kane and Cook Counties, Illinois, in the Amount of
$2,000,000 for the Purpose of Paying the Cost of Constructing Improvements Upon
Certain of the Streets and Intersections Within said City, Including Widening, Repairing
and Resurfacing, and Providing for the Levy and Collection of a Direct Annual Tax for
the Payment of the Principal and Interest of said Bonds; and
WHEREAS, the total of the levy of the tax for the year 1984 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 $144,350 for the year 1984 as
provided and levied in the ordinance providing for the issuance of $2,000,000 Street
Improvement Bonds, passed December 13, 1967, a copy of which was filed with each of
said county clerks; said tax shall be abated by reducing said sum $75,000 and extending a
tax for the year 1984 in the amount of $69,350 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, prior to
December 31, 1984.
Section 3. That this ordinance shall be in full force and effect from and after its
passage in the manner provided by law.
s/ Richard L. Verbic
Richard L. Verbic, Mayor
Presented: December 20, 1984
Passed: December 20, 1984
Vote: Yeas 7 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk