Ordinance 2012-53 STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
DEC 0 6 2012
A&wi A COUNTY CLERK
KENDAL!COUNTY
UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2012-53
ORDINANCE abating a portion of the tax hereto levied for the year 2012 to pay the
principal of and interest on the $3,020,000 General Obligation Refunding Bonds,
(Alternate Revenue Source), Series 2007A, of the United City of Yorkville, Kendall
County, Illinois.
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This 27`x'day of November, 2012
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County, Illinois on December 5, 2012.
STATE Of ILLINOIS
COUNTY OF KENDALL
FILED
DEC 0 6 2012
�iX.Wj( y COUNTY CLM
ORDINANCE No. 2012- ,� 3 KENDgU COUNTY
ORDINANCE abating a portion of the tax hereto levied for the year 2012 to pay the
principal of and interest on the $3,020,000 General Obligation Refunding Bonds,
(Alternate Revenue Source), Series 2007A, 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 2007-02, adopted
on the 23rd day of January, 2007 (the "Ordinance"), together with a Notification of Sale,
dated February 22, 2007, did provide for the issue of $3,020,000 General Obligation
Refunding Bonds (Alternate Revenue Source), Series 2007A (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
demonstrated by the City Treasurer to provide an amount not less than 1.25 times debt
service of all 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 2012 to pay the principal of and interest on the Bonds be
partially abated;
Now, THEREFORE, 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 2012 in the
Ordinance is hereby abated in the amount of$95,014.00 so that only $43,027.00 shall be
received from property taxes.
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 2012 in accordance with the provisions hereof.
Section 3. Effective Date. This Ordinance shall be in full force and effect
forthwith upon its passage by the Corporate Authorities and approval as provided by law.
ADOPTED by the Corporate Authorities on the 27"' day of November, 2012,
pursuant to a roll call vote as follows:
ROSE ANN SPEARS ` DIANE TEELING _
�l
KEN KOCH y JACKIE MILSCHEWSKI
CARLO COLOSIMO \� MARTY MUNNS
CHRISR FUNKHOUSER y LARRY KOT
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County,
Illinois, the 27'x' day of November, 2012.
YOR
PASSED by the City Council of the United City of Yorkville, Kendall County,
Illinois, the 27t"day of November, 2012.
Attest:
ITY 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
day of December, 2012, there was filed in my office a duly certified copy of Ordinance No.
2012-53 entitled:
AN ORDINANCE abating a portion of the tax hereto levied for the
year 2012 to pay the principal of and interest on the $3,020,000
General Obligation Refunding Bonds (Alternate Revenue Source),
Series 2007A, 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 27`x' day of November, 2012, 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 2012 for the payment of
the City's $3,020,000 General Obligation Bonds (Alternate Revenue Source), Series 2007A, as
described in the Ordinance will be abated in the amount of $95,014.00 as provided in the
Ordinance.
IN WITNESS WHEREOF I hereunto affix my official signature and the seal of said County
this day of December, 2012.
Co ty Clerk
[SEAL]