T7-83 Ordinance No. T7-83
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 1983 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 Borrow-
ing 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 1983 provided in the ordi-
nance 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 $53,075 for the year
1983 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.
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, 1983.
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 19 198 $3
Passed: December 1 ,
Vote: Yeas 6 Nays 0
Recorded:
Published:
Attest:
s/ Marie Yearman
Marie Yearman, City Clerk