Ordinance 2013-69 I
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STATE OF 1Ltjtj)0lS
COUNTY OF KENDAL,
F4ILED 1
DEC 2011
COUNTY CLERK
KENDALL COUNTY
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
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ORDINANCE NO , 2013-69
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AN ORDINANCE ABATING A PORTION OF THE TAX HERETO LEVIED FOR THE YEAR 2013
TO PAY THE PRINCIPAL OF AND INTEREST ON $3 ,020,000 GENERAL OBLIGATION f
REFUNDING BONDS (ALTERNATE REVENUE SOURCE) , SERIES 2007A, OF j
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 . 201341
AN ORDINANCE abating a portion of the tax hereto levied for the year 2013 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 .
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WHEREAS the City Council (the " Corporate Authorities ") of the United City of
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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,
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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 E
demonstrated by the City Treasurer to provide an amount not less than 1 . 25 times debt
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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 2013 to pay the principal of and interest on the Bonds be
partially abated;
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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 2013 in the
Ordinance is hereby abated in the amount of $ 132, 188 . 00 so that only $ 5 ,235 . 00 shall be
received from property taxes .
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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
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Ordinance No. 2013-�
Page 2
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Kendall, 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 approval as provided by law.
ADOPTED by the Corporate Authorities on the 10 day of December, 2013 ,
pursuant to a roll call vote as follows :
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ROSE ANN SPEARS DIANE TEELING j
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KEN KOCH JACKIE MILSCHEWSKI
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CARLO COLOSIMO JOEL FRIEDERS
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CHRIS FUNKHOUSER I LARRY KOT
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APPROVED by me, as Mayor of the United City of Yorkville, Kendall County,
Illinois, the is day of December, 2013 .
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PASSED by the City Council of the United City of Yorkville, Kendall County,
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Illinois, the 10 day of December, 2013 .
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Attest :
CITY CLERK
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Ordinance No. 2013 - (09
Page 3
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STATE OF ILLINOIS )
SS
COUNTY OF KENDALL )
FILING CERTIFICATE
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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
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day of December, 2013 , there was filed in my office a duly certified copy of Ordinance No .
o? D 13 � (a9 entitled :
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AN ORDINANCE abating a portion of the tax hereto levied for the
year 2013 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 . j
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(the " Ordinance ") duly adopted by the City Council of the United City of Yorkville, Kendall
County, Illinois (the " City ") , on the day of December, 2013 , 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 2013 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 $ 132 , 188 . 00 as provided in the j
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Ordinance .
IN WITNESS WHEREOF I hereunto affix my official signature and the seal of said County
this[ ( day of December, 2013 .
Dot
County Clerk
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[ SEAL]
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