Resolution 2004-41 RESOLUTION 2004-
RESOLUTION DECLARING OFFICIAL INTENT
OF THE UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "C ")
wishes to design, acquire, construct and install a sanitary sewer interceptor, force main and pump
station to be known as the Rob Roy Creek Interceptor to be located within the Yorkville-Bristol
Sanitary District (the "Improvements") and the City wishes to issue its revenue bonds to finance
the Improvements; and
WHEREAS, the City hereby fmds and determines that the financing of the
Improvements by the City will serve the public purposes of the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the United City
of Yorkville, Kendall County, Illinois as follows:
1. The City intends to issue obligations (the "Bonds") for the purpose of
financing the design, acquisition, construction and installation of certain improvements
consisting of the construction of a sanitary sewer interceptor to be known as the Rob Roy Creek
Interceptor, force main, pump station and related sewer system improvements, including any
engineering soil testing and appurtenant work related thereto to be located within the Yorkville-
Bristol Sanitary District, financing a portion of the interest to accrue on the Bonds and any
necessary debt service reserves required for the Bonds and costs of issuance related to the Bonds
(the "Project'). The total amount which the City intends to borrow through the issuance of the
Bonds for the Project will not exceed$20,000,000.
2. Certain costs will be incurred by the City in connection with the Project
prior to the issuance of the Bonds. The City reasonably expects to reimburse such costs with
proceeds of the Bonds.
3. This Resolution constitutes a declaration of official intent under Treasury
Regulation Section 1.150-2.
4. This Resolution shall be in full force and effect from and after its passage,
approval and publication in pamphlet form, as provided by law.
PAUL JAMES MARTY MUNNS
RICHARD STICKA WANDA OHARE
VALERIE BURD ROSE SPEARS
LARRY KOT JOSEPH BESCO
PASSED AND APPROVED this G),o_day of(7:a:yor , 2004
ATTEST:
[SEAL]
Ci