Ordinance 2013-05 STATE OF ILLINOIS
COUNTY OF KENDALL
FILED
JAN 2 4 2013
,COUNTY CLERK
k06 �tiQ�t e, KENDALL. COUNTY
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
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ORDINANCE NO , 2013-05
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AN ORDINANCE ABATING THE TAX HERETO LEVIED FOR THE YEARS
2012 THROUGH 2032 TO PAY THE PRINCIPAL OF AND INTEREST ON THE $ 12 ,2055000
SPECIAL SERVICE AREA NUMBER 2004- 106 TOTAL GRANDE RESERVE
VARIABLE RATE DEMAND SPECIAL TAX BONDS , SERIES 2004, OF THE
UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS
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Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 8 "' day of January, 2013
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Published in pamphlet form by the
authority of the Mayor and City Council I
of the United City of Yorkville, Kendall
County, Illinois on January 17, 2013 .
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Ordinance No. 2013- Q5
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AN ORDINANCE ABATING THE TAX HERETO LEVIED FOR THE YEARS
2012 THROUGH 2032 TO PAY THE PRINCIPAL OF AND INTEREST ON THE
$ 12,205,000 SPECIAL SERVICE AREA NUMBER 2004-106 TOTAL GRANDE
RESERVE VARIABLE RATE DEMAND SPECIAL TAX BONDS, SERIES 2004, OF
THE UNITED CITY OF YORKVILLE, KENDAL COUNTY, ILLINOIS
WHEREAS , the Mayor and City Council (the "Corporate Authorities ") of the United
City of Yorkville, Kendall County, Illinois (the " City ") , by Ordinance Number 2004-33 , adopted
on the 22nd day of June, 2004, (the " Ordinance ") , did provide for the issue of $ 12 ,205 ,000
Special Service Area Number 2004- 106 Total Grande Reserve Variable Rate Demand Special
Tax Bonds , Series 2004 (the "Bonds ") , and the levy of a direct annual tax sufficient to pay the
principal of and interest on the Bonds ; and,
WHEREAS , the owners of the property, subject to Special Service Area 2004- 106, in
selling of said property have paid off the outstanding Special Service Area 2004- 106 Bonds; and,
WHEREAS , the owners in prepaying the Bonds has caused no further need for tax levies
for the remaining succeeding bond years from 2012 through 2032 ; and, i
WHEREAS , it is necessary and in the best interests of the City that the tax heretofore
levied for the years 2012 through 2032 to pay the principal of and interest on the Bonds be
abated .
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NOW, THEREFORE, BE IT ORDAINED by the Mayor and City Council of the
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United City of Yorkville, Kendall County, Illinois , as follows :
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Section 1 . Abatement of Tax. The tax heretofore levied for the years 2012 through
2032 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,
Ordinance No. 2013 - S
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Illinois, and it shall be the duty of said County Clerk to abate said tax levied for the years 2012
through 2032 in accordance with the provisions hereof.
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Section 3. Effective Date. This Ordinance shall be in full force and effect upon its
passage and approval by the Corporate Authorities and signing and approval by the Mayor as
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provided by law.
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
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_ day of V? (� a {� , 2013 .
CITY CLERK
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ROSE ANN SPEARS DIANE TEELING
KEN KOCH JACKIE MILSCHEWSKI j
CARLO COLOSIMO MARTY MUNNS
CHRIS FUNKHOUSER �_ LARRY KOT
Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this
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141 day of J Atilu AR �/ , 2013 ,
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Ordinance No . 2013 - 05
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