Loading...
HomeMy WebLinkAboutT11-00 t,b Ordinance No . T11-00 AN ORDINANCE ABATING THE ANNUAL TAX FOR 1999 FOR GENERAL OBLIGATION REFUNDING BONDS, SERIES 1997B WHEREAS, the City of Elgin will have sufficient funds on hand to pay the tax levied by Ordinance S9-97 , An Ordinance Providing for the Issuance of $3 , 350 , 000 General Obligation Refunding Bonds, Series 1997B, 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 1999 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 $748 , 750 for the year 1999 as provided and levied in the ordinance providing for the issuance of $3 , 350 , 000 General Obligation Refunding Bonds, Series 1997B, 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, prior to April 14 , 2000 . Section 3 . That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. Ed Schock, Mayor Presented: April 12 , 2000 Passed: April 12 , 2000 Omnibus Vote : Yeas 6 Nays 0 Recorded: April 13 , 2000 Published: April 14 , 2000 Attest : f" "2-2c-�-- Dolonna Mecum, City Clerk