HomeMy WebLinkAboutT14-17 Ordinance No. T14-17
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2016 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2016
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S1-16, An Ordinance Providing for the Issuance of $24,995,000 General
Obligation Corporate Purpose Bonds, Series 2016, 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 2016 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$2,179,100 for the year 2016 as provided and levied
in the ordinance providing for the issuance of$24,995,000 General Obligation Corporate Purpose
Bonds, Series 2016, passed February 10, 2016, a copy of which was filed with each of said county
clerks, said tax shall be abated by reducing said sum $1,856,400 and extending a tax for the year
2016 in the amount of$322,700 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, 2017.
Section 3. That this ordinance shall be in full force and effect from and after its passage
in the manner provided by law.
.1 . �eL
David J. tain ayor
Presented: February 22, 2017
Passed February 22, 2017
Omnibus Vote: Yeas: 8 Nays: 0 Abstained: 1
Recorded: February 22, 2017
Published: February 22, 2017
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Attest: E
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Kimberly Dewis, ty Clerk
KANE COUNTY CLERK
719 S.Batavia Ave.,Bldg B
Geneva,IL 60134
630/232-5964
DATE: —2—
UNIT OF GOVERNMENT: I� w
PERSON FILING:
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DUTY Y CLERK KANE COUNTY CLERK
State of Illinois)
County of Kane) ss
City of Elgin )
C E�v Recording Information
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KANLE- '\-.IOU,','-,-y Cl_EF'A 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. T14-17
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2016 FOR
GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 2016
passed by the Elgin City Council at its legally convened meeting held on February 22, 2017.
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 23, 2017.
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JOSS F`�� ;ti Kimberly DewisYfty Clerk
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This ent 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