Resolution 2003-26 RESOLUTION NO. >_3-423l0
RESOLUTION DECLARING OFFICIAL INTENT
OF THE UNITED CITY OF YORKVILLE
KENDALL COUNTY,ILLINOIS
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "Ciff") wishes to design,
acquire, construct and install special services within the City's Special Service Area Number 2003-102 (Raintree
rillage—South flca. The Highlands (the"Special Service Area") and the City wishes to issue its special tax bonds
to finance said special services; and
WHEREAS, the City hereby finds and determines that the financing of the special services described
below by the City will serve the public purposes of the Special Service Area.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the United City of Yorkville,
Kendall County, Illinois as follows:
1. The City intends to issue obligations (the "Bonds") for the purpose of financing the design,
acquisition, construction and installation of special services consisting of engineering, soil testing and appurtenant
work, mass grading and demolition, storm water management facilities, storm drainage systems and storm sewers,
site clearing and tree removal, public water facilities, sanitary sewer facilities, erosion control measures, roads,
streets, curbs, gutters, street lighting, traffic controls, sidewalks, equestrian paths and related street improvements,
and equipment and materials necessary for the maintenance thereof, landscaping, wetland mitigation and tree
installation, costs for land and easement acquisitions relating to any of the foregoing improvements, required tap-on
and related fees for water or sanitary sewer services and other eligible costs (the"Project'). The total amount which
the City intends to borrow through the issuance of the Bonds for the Project will not exceed$12,000,000.
2. Certain costs will be incurred by the City in connection with the Project prior to the issuance
, �he Bonds. The City reasonably expects to reimburse such costs with proceeds of the Bonds.
3. This Resolution constitutes a declaration of official intent under Treasury Regulation Section
1.150-2.
4. This Resolution shall be in full force and effect from and after its passage, approval and
publication in pamphlet form, as provided by law.
PAUL JAMES MARTY MUNNS
RICHARD STICKA _ WANDA OHARE
VALERIE BURD ,�_ ROSE SPEARS
LARRY KOT JOSEPH BESCO
PASSED AND APPROVED this day of 2003.
Mayor
[SEAL]
ATTEST:
er