Ordinance 2013-68 i
COSrATE ON"p'KENDALI
DEC 201
SU
A&t, e®u'Vry -CLERK KFAtD,�i ,C9UNr� I
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO . 2013-68 j
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ORDINANCE ABATING THE TAX HERETO LEVIED FOR THE YEAR 2013 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
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Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 10`x' day of December, 2013
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Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on December 17 , 2013 .
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ORDINANCE No. 20a
ORDINANCE abating the tax hereto levied for the year 2013 to pay
the principal of and interest on $ 3 ,525 , 000 General Obligation
Bonds (Alternate Revenue Source) , Series 2005 , of the United City .
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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
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direct annual tax sufficient to pay the principal of and interest on the Bonds ; and j
WHEREAS , the Pledged Revenues (as defined in the Ordinance) have been determined by
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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
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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
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WHEREAS , it is necessary and in the best interests of a the City that the tax heretofore
levied for the year 2013 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 :
Section. 1 . Abatennent of Tax. The tax heretofore levied for the year 2013 in the
Ordinance is hereby abated in its entirety.
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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 -
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Page 2
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Illinois, and it shall be the duty of said County Clerk to abate said tax levied for the year 2013 in
accordance with the provisions hereof
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Section 3. Effective Date. This ordinance shall be in full force and effect forthwith
upon its passage by the Corporate Authorities and signing and approval by the Mayor.
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ADOPTED by the Corporate Authorities on the 10t" day of December, 2013 , pursuant to a
roll call vote as follows :
C
LARRY KOT \ JOEL FRIEDERS
KEN KOCH CARLO COLOSIMO
CHRIS FUNKHOUSER ROSE SPEARS
JACKIE MILSCHEWSKI DIANE TEELING
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the
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10"' day of December, 2013 .
VMA OR
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the
I Oth day of December, 2013 .
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Attest :
CITY CLERK
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Ordinance No . 2013 - ( O
Page 3
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STATE OF ILLINOIS )
SS
COUNTY OF KENDALL )
TILING 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 bECIFIMNE 2013 , there was filed in my office a duly certified copy of Ordinance
No . c9013 69 entitled :
ORDINANCE abating the tax hereto levied for the year 2013 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
County, Illinois (the " Cite ") , on the I 01 day of December, 2013 , and that the same has been
deposited in the official files and records of my office. I
I do further certify that the taxes heretofore levied for the year 2013 for the payment of
the City ' s $ 3 , 525 ,000 General Obligation Bonds (Alternate Revenue Source) , Series 2005 , as
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described in the Ordinance will be abated in their entirety as provided in the Ordinance.
IN WITNESS WHEREOF I hereunto affix my official signature and the seal of said County
this � � day of M 6rE �C. , 2013 .
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County Clerk
[ SEAL]
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