HomeMy WebLinkAboutT7-15 RECEIVED
MAR 0 9 2015
State of Illinois ) KANE COUNTY CLERK
County of Kane) ss
City of Elgin )
Recording Information
CERTIFICATE OF CITY CLERK
I, Kimberly Dewis, DO HEREBY CERTIFY that I am the duly qualified City Clerk of
the City of Elgin, in the Counties of Kane and Cook in the State of Illinois, and that as such City
Clerk I am the keeper and custodian of the files and records of said City of Elgin and the seal
thereof.
I DO FURTHER CERTIFY that the attached is a full,true, and correct copy of:
ORDINANCE NO. T7-15
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2014 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2008A
passed by the Elgin City Council at its legally convened meeting held on February 25, 2015.
In Witness Whereof, I have hereunto set my hand and affixed the corporate seal of the
City of Elgin at the said City in the County and State aforesaid this February 27, 2015.
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This instrument prepared by: Return to:
William A. Cogley Kimberly Dewis
Corporation Counsel Elgin City Clerk
City of Elgin 150 Dexter Court
150 Dexter Court Elgin, IL 60120
Elgin, IL 60120
Ordinance No. T7-15
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2014 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2008A
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S4-08, An Ordinance Providing for the Issuance of $14,825,000 General
Obligation Corporate Purpose Bonds, Series 2008A,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 2014 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$1,244,500 for the year 2014 as provided and levied in the
ordinance providing for the issuance of$14,825,000 General Obligation Corporate Purpose Bonds,
Series 2008A,passed April 23,2008,a copy of which was filed with each of said county clerks,said
tax shall be abated by reducing said sum $762,040 and extending a tax for the year 2014 in the
amount of $482,460 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 March 15, 2015.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
David J. Ka e .in, M." or
Presented: February 25, 2015
Passed: February 25, 2015
Vote: Yeas: 9 Nays: 0 .{ OF•.E Gj
Recorded: February 25, 2015
Published: February 27, 2015 ` 4.
Attest:
gfdli/h41/116614/6A (?4' 1 1'0\\
Kimberly Dewis, City Clerk