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Resolution 2013-25 Resolution No . 2013- A RESOLUTION AUTHORIZING THE CLOSING OF THE UNITED CITY OF YORKVILLE ' S COUNTRYSIDE TIF ACCOUNT WITH CASTLE BANK j i Whereas , the United City of Yorkville (the "City") is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of the State; and, Whereas , the City has the Countryside Tax Increment Financing Account at Castle Bank which was used for payment of TIF funds to the developer of the movie theater; and, Whereas , the Finance Director has requested that the above account be closed upon payment of the remaining funds in that account to the movie theater developer. NOW, THEREFORE, BE IT RESOLVED , by the City Council of the United City of Yorkville, Kendall County, Illinois, as follows . i i Section 1 : That the Finance Director is hereby authorized to close the City' s existing Countryside TIF account with Castle Bank upon the payment to the movie theater developer of the remaining funds in that account. Section 2 : This Resolution shall be in full force and effect upon its passage and approval as provided by law . i Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , 2013 , i i i CITY CLERK i ROSE ANN SPEARS ~ DIANE TEELING KEN KOCH JACKIE MILSCHEWSKI CARLO COLOSIMO JOEL FRIEDERS CHRIS FUNKHOUSER ly LARRY KOT i Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this la dayof 2013 . l I M i i Resolution No . 2013 - d Page 1