HomeMy WebLinkAboutT1-84 (2) Ordinance No. T13-84
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 1984 FOR RECREATION CENTER BONDS
WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax
levied by Ordinance T-1278, An Ordinance Providing for the Borrowing Money and Issuing
Bonds of the City of Elgin, Kane and Cook Counties, Illinois, in the Amount of $550,000
for the Purpose of Paying the Cost of Equipping Certain Land Heretofore Dedicated and
Set Apart for Use as a Recreation Center by Necessary Grading, Draining, Planting and
Landscaping and Including Constructing thereon a Golf Course, Shelter House, Parking
Area and Other Appurtenant Improvements, 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 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 the tax of $51,025 for the year 1984 as provided and
levied in the ordinance providing for the issuance of $550,000 Recreation Center Bonds,
passed December 13, 1967, a copy of which was filed with each of said county clerks.
r 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
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