T21-13 Ordinance No. T21-13
AN ORDINANCE
REGARDING ABATING A PORTION OF THE ANNUAL TAX FOR 2012 FOR
REFUNDING AND CORPORATE PURPOSE BONDS
WHEREAS,the City Council has adopted Ordinance Numbers T3-13,T4-13,T5-13,T13-13,
T14-13,T15-13,T17-13,and T19-13 providing for abating a portion of the annual tax for 2012 for
refunding and corporate purpose bonds for the series bonds referred to in such ordinances; and
WHEREAS, depending upon the 2012 assessed valuation figures and the state multiplier it
may be necessary to further adjust the amounts of the abatement and resulting tax levy in Section 1
of such ordinances in order to arrive at a 2012 tax levy for the City of Elgin not to exceed
$40,547,000.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
ELGIN, ILLINOIS:
Section 1. That the city's Chief Finance Officer be and is hereby authorized and directed
that upon receipt of 2012 assessed valuation figures and the state multiplier to adjust,to the extent
reasonably practicable, the amount of the abatement and resulting tax levy in the Section 1 of
Ordinance Numbers T3-13, T4-13, T5-13, T13-13, T14-13, T15-13, T17-13, and T19-13 so as to
attempt to arrive at a 2012 tax levy for the City of Elgin not to exceed$40,547,000. The city's Chief
Financial Officer shall make such adjustments, if any, prior to the filing of a certified copy of
Ordinance Numbers T3-13, T4-13, T5-13, T13-13, T14-13, T15-13, T17-13, and T19-13 with the
County Clerks of Kane and Cook Counties,Illinois,whereupon the amount of the abatement and tax
levy in Section 1 of Ordinance Numbers T3-13,T4-13,T5-13,T13-13,T14-13,T15-13,T17-13,and
T19-13 shall be deemed final.
Section 2. That this ordinance shall be in full force and effect from and after its passage in
the manner provided by law.
David J. Kapt ' , M or
Presented: February 13, 2013
Passed: February 13, 2013
Omnibus Vote: Yeas: 7 Nays: 0
Recorded: February 13, 2013
Published: February 15, 2013 •
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Attest:
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Kimberly Dewis, City Clerk