T2-10 • Ordinance No. T2-10
AN ORDINANCE
ABATING THE ANNUAL TAX FOR 2009 FOR GENERAL OBLIGATION
CORPORATE PURPOSE BONDS, SERIES 1997A
WHEREAS; the City of Elgin will have sufficient funds on hand to pay the tax levied by
Ordinance S8-97, An Ordinance Providing for the Issuance of $4,860.000 General Obligation
Corporate Purpose Bonds, Series 1997A,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 2009 provided in the ordinance is unnecessary.
NONNI, 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 $62,425 for the year 2009 as provided and levied in the ordinance
providing for the issuance of $4;860,000 General Obligation Corporate Purpose Bonds, Series
1997A; passed May 14; 1997; a copy of which was tiled 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, on or before April 14;2010.
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: March 10, 2010
Passed: March 10, 2010
Omnibus Vote: Yeas: 7 Nays: 0
Recorded: March 11; 2010 0
Published: March 12, 2010
Attest:
Diane Robertson; City •k
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