Ordinance 2007-088 STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
STATE OF ILLINOIS )
) SS DEC Z 0 2007
COUNTY OF KENDALL )
COUNTY CLERK
KENDALL COUNTY
ORDINANCE No. � - 1• ��
ORDINANCE abating the tax hereto levied for the year 2007 to pay
the principal of and interest on $11,300,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005D, of the United
City of Yorkville, Kendall County, Illinois.
WHEREAS the City Council (the "Corporate Authorities') of the United City of
Yorkville, Kendall County, Illinois (the "City'), by Ordinance Number 2005- 88, adopted on the
25th day of October, 2005 (the "Ordinance'), did provide for the issue of $11,300,000 General
Obligation Bonds (Alternate Revenue Source), Series 2005D (the "Bonds"), and the levy of a
direct annual tax sufficient to pay the principal of and interest on the Bonds; and
WHEREAS the City will have the Pledged Revenues (as defined in the Ordinance)
available for the purpose of paying the principal of and interest on the Bonds during the next
succeeding bond year; and
WHEREAS it is necessary and in the best interests of a the City that the tax heretofore
levied for the year 2007 to pay the principal of and interest on the Bonds be abated;
Now TH EREFORE, Be It Ordained by the City Council of the United City of Yorkville,
Kendall County, Illinois, as follows:
Section 1. Abatement of Tax. The tax heretofore levied for the year 2007 in the
Ordinance is hereby abated in its entirety.
Section 2. Filing of Ordinance. Forthwith upon the adoption of this ordinance, the
City Clerk shall file a certified copy hereof with the County Clerk of The County of Kendall,
Illinois, and it shall be the duty of said County Clerk to abate said tax levied for the year 2007 in
accordance with the provisions hereof.
Section 3. Effective Date. This Ordinance shall be in full force and effect upon its
passage and approval as provided by law.
ADOPTED by the Corporate Authorities on the 11 day of December, 2007, pursuant to a
roll call vote as follows:
WALTER WERDERICH 11-16 MARTY MUNNS
JASON LESLIE L - JOSEPH BESCO
A
ARDEN PLOCHER _� � ROSE SPEARS
ROBYN SUTCLIFF A GARY GOLINSKI
_ v
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the
1 lth day of December, 2007.
MAYOR
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the
11 day of December, 2007.
AtteL� TY CLERK
-2-
STATE OF ILLINOIS )
) SS
COUNTY OF KENDALL )
FILING CERTIFICATE
I, the undersigned, do hereby certify that I am the duly qualified and acting County Clerk
of The County of Kendall, Illinois, and as such official I do further certify that on the a (J`�7
day of December, 2007, there was filed in my office a duly certified copy of Ordinance No.
02007 -g g entitled:
O RDINANCE abating he tax hereto levied for the year 2007 to
g a Y pay
the principal of and interest on $11,300,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005D, of the United
City of Yorkville, Kendall County, Illinois.
(the "Ordinance") duly adopted by the City Council of the United City of Yorkville, Kendall
County, Illinois (the "City"), on the 11 day of December, 2007, and that the same has been
deposited in the official files and records of my office.
I do further certify that the taxes heretofore levied for the year 2007 for the payment of
the City's $11,300,000 General Obligation Bonds (Alternate Revenue Source), Series 2005D, as
described in the Ordinance will be abated in their entirety as provided in the Ordinance.
IN WrrNESS WHEREOF I hereunto affix my official signature and the seal of said County
this Q day of i December 2007
County Clerk
[SEAL]