T10-16 Ordinance No. T10-16
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2015 FOR
GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
WHEREAS,the City of Elgin will have sufficient funds on hand to pay a portion of the tax
levied by Ordinance S1-12, an Ordinance providing for the issuance of $15,215,000 General
Obligation Refunding Bonds, Series 2012, 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 2015 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$2,645,400 for the year 2015 as provided and levied in the
ordinance providing for the issuance of$15,215,000 General Obligation Refunding Bonds, Series
2012, passed February 22, 2012, a copy of which was filed with each of said county clerks; said
tax shall be abated by reducing said sum $2,136,000 and extending a tax for the year 2015 in the
amount of $509,400 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, on or before March 10,
2016.
Section 3. 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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David J. Ka s'n, r
Presented: February 24, 2016
Passed: February 24, 2016
Vote: Yeas: 9 Nays: 0
Recorded: February 24, 2016 " OFD
Published: February 26, 2016 ` + N `
Attest: I
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Kimberly Dewis, Cit Clerk 0fJ�rL "�
State of Illinois)
County of Kane) ss
City of Elgin )
RECEIVED Recording Information
MAR 03 2016
KANE COUNTY CLERTIFICATE 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. T10-16
AN ORDINANCE
ABATING A PORTION OF THE ANNUAL TAX FOR 2015 FOR
GENERAL OBLIGATION REFUNDING BONDS, SERIES 2012
passed by the Elgin City Council at its legally convened meeting held on February 24, 2016.
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 25, 2016.
�Rp F Kimberly Dewis City Clerk
This f' 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
KANE COUNTY CLERK
719 S.Batavia Ave.,Bldg B
Geneva,IL 60134
630/232-5964
DATE: .3/o-q Co
UNIT OF GOVERNMENT: Gal 0(- E ' `
PERSON FILING:
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DEP CLERK KANE COUNTY CLERK
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