Ordinance 2007-089 STATE OF ILLINOIS
COUNTY OF KENDALL
FILED
DEC 2 0 2007
COUNTY CLERK
STATE OF ILLINOIS ) KENDALL COUNTY
ss
COUNTY OF KENDALL )
ORDiNANcE No. aotc - VI
ORDINANCE abating the tax hereto levied for the year 2007 to pay
the principal of and interest on $3,525,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005, 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 -22, adopted on the
8th day of March, 2005 (the "Ordinance'), did provide for the issue of $3,525,000 General
Obligation Bonds (Alternate Revenue Source), Series 2005 (the "Bonds'), and the levy of a
direct annual tax sufficient to pay the principal of and interest on the Bonds; and
WHEREAS, the Pledged Revenues (as defined in the Ordinance) have been determined by
the Treasurer to provide an amount not less than 1.00 times debt service of all Outstanding
Bonds (as defined in the Ordinance) in the next succeeding bond year (June 1 and December 1);
and
WHEREAS, the Pledged Revenues have been deposited in the Pledged Revenues Account
of the 2005 Alternate Bond Fund (as created in the Ordinance) in an amount sufficient to pay
debt service on all Outstanding Bonds in 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, THEREFORE, Be It Ordained by the City Council of the United City of Yorkville,
Kendall County, Illinois, as follows:
Countryside TIF
I
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 forthwith
i
upon its passage by the Corporate Authorities and signing and approval by the Mayor.
ADOPTED by the Corporate Authorities on the 11 day of December, 2007, pursuant to a
roll call vote as follows:
GARY GOLINSKI MARTY MUNNS
JASON LESLIE WALTER WERDERICH L
ROBYN SUTCLIFF (-5-1 ROSE SPEARS LA
C�
ARDEN PLOCHER f JOSEPH BESCO
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.
Atte
��Y CLERK
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 204 day
of December , 2007, there was filed in my office a duly certified copy of Ordinance
No. dDO7 g9 entitled:
ORDINANCE abating the tax hereto levied for the year 2007 to pay
the principal of and interest on $3,525,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005, of the United City
of Yorkville, Kendall County, Illinois.
(the "Ordinance") duly adopted by the City Council of the United City of Yorkville, Kendall
i
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 $3,525,000 General Obligation Bonds (Alternate Revenue Source), Series 2005, as
described in the Ordinance will be abated in their entirety as provided in the Ordinance.
IN WrINESS WHEREOF I hereunto affix my official signature and the seal of said County
this �(� _ day of December 2007.
County Clergy
[SEAL]