Resolution 2003-12 111It oks Department Obligation Retirement Resolution
of ICansp on (County or Municipal)
A resolution providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds
WHEREAS, the United City of Yorkville has outstanding
(County or Municipality)
indebtedness described as follows:
United City of Yorkville General Obligation Bond (Alternate Revenue Source) Series 2002
(Title of bond issue or paving district and municipal motor fuel tax section number)
Bonds or Number of Interest
Public Benefit the Bonds or or Date Amount
Assessments Assessments Principal Due
Bonds Interest 06/01/2003 $12,896.25
Principal 12/01/2003 $50,000.00
Interest 12/01/2003 $12,896.25
TOTAL $75,792.50
and.
WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retired with funds
allotted to the municipality under the Motor Fuel Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness is due, and
WHEREAS,the N/A has, by resolution adopted N/A
(County Board,Council or President and Board of Trustees)
directed the Clerk of N/A County to cancel the N/A tax levy (for taxes
(year)
collectable in N/A ) which would have produced funds to pay this indebtedness. (Not applicable to special
(year)
assessment projects.)
NOW,THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Seventy five thousand, seven
hundred ninety two &fifty cents dollars ($ 75,792.50 ) from funds allotted to the county or municipality
under the Motor Fuel Tax Law for the payment of the above-described indebtedness, and
BE IT FURTHER RESOLVED, that the Clerk shall immediately transmit three (3) certified copies of this resolution to the
District Engineer, Department of Transportation, at District#3 700 E. Norris Drive Ottawa , Illinois.
u
IL 494-0284 BLR 4133(Rev.2/01)
1, Jacquelyn Milschewski City Clerk in and
\_ithe United City of Yorkville hereby certify
the foregoing to be a true, perfect and complete copy of a resolution adopted by the
City Council at a meeting on
(County Board,Council or President and Board of Trustees)
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this 25' day
of March A.D. 2003
Mayor
(Seal)
Vity Clerk
BLR 4133(Rev. 2/01)
Page 2of2
Illinois Department of Transportation
Division of Highways/ District 3
700 East Norris Drive / Ottawa, Illinois/ 61350-0697
Telephone 815/434-6131
April 2, 2003
Ms. Jacquelyn Miischewski
City Clerk
800 Game Farm Road
Yorkville, IL 60560
CITY-MFT
Yorkville
Section 00-00023-00-GB
Fox Industrial Park
General Obligation Bond Issue (Alternate Revenue Source)
Resolution Number 2003-12
Dear Ms. Milschewski:
The obligation retirement resolution for the above section adopted by the City
Council on August 27, 2002 was approved today. This resolution appropriates
$75,792.50 of Motor Fuel Tax funds for payment of interest and principal due
December 1, 2003 on the $625,000.00 General Obligation Bond Issue.
Expenditure of Motor Fuel Tax funds in the amount of $75,792.50 for payment
of the above obligation is authorized and will be indicated on your next
month's allotment report.
Sincerely,
Diane O'Keefe
District Engineer
By: James R. Threadgill III
District Local Roads & Streets Engineer
cc: Darrell W. Lewis (Acting)
Joe Wywrot, City Engineer
Debra Baxter, MFT Auditor
RB:bb/YorkvilleGeneralObligationBondIssue