T19-15 2015
State of Illinois ) ,<;,;,_ CC '! C! 7.:<
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. T19-15
AN ORDINANCE
REGARDING ABATING A PORTION OF THE ANNUAL TAX FOR 2014
FOR REFUNDING AND CORPORATE PURPOSE BONDS
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.
OF Etc (gat,( .jnes +„` Kimberly Dewis ity Clerk
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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. T19-15
AN ORDINANCE
REGARDING ABATING A PORTION OF THE ANNUAL TAX FOR 2014 FOR
REFUNDING AND CORPORATE PURPOSE BONDS
WHEREAS, the City Council has adopted Ordinance Numbers T7-15, T9-15, T11-15,
T13-15, T17-15 and T18-15 providing for abating a portion of the annual tax for 2014 for refunding
and corporate purpose bonds for the series bonds referred to in such ordinances; and
WHEREAS,depending upon the 2014 assessed valuation figures,prior year adjustment 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 2014 tax levy for the City of Elgin not
to exceed $42,959,380.
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 2014 assessed valuation figures,prior year adjustment 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 T7-15,T9-15,T11-15,T13-15,T17-15 and T18-15 so as to attempt
to arrive at a 2014 tax levy for the City of Elgin not to exceed $42,959,380. The city's Chief
Financial Officer shall make such adjustments, if any, prior to the filing of a certified copy of
Ordinance Numbers T7-15,T9-15,T11-15,T13-15,T17-15 and T18-15 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 T7-15, T9-15, T11-15, T13-15,T17-15 and T18-15 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.
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Presented: February 25, 2015
Passed: February 25, 2015
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Vote: Yeas: 9 Nays: 0 C� .
Recorded: February 25, 2015 ,,gBS 5 iM� � �;... ,
Published: February 27, 2015 = ' ' -
Attest: nor= ! 1\+'+'+1
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Kimberly Dewis, City Clerk