Ordinance 2006-009 1
I
ORDINANCE No. ,� b6.0'1
ORDINANCE abating the tax hereto levied for the year 2005 to pay
the principal of and interest on $2,000,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005C, of the United
City 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- 73 , adopted on
the 23rd day of August, - 2005 (the "Ordinance "), did provide for the issue of $2,000,000 General
Obligation Bonds (Alternate Revenue Source), Seri es 2005C (the "Bonds "), and the levy of a
direct annual tax sufficient to pay the principal of and interest on the Bonds; and
WHEREAS the City will have the Pledged Revenues (as defined in the Ordinance)
available for the purpose of paying the principal of and interest on the Bonds during the next
I
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 2005 to pay the principal of and interest on the Bonds be abated;
Now, TEEREFoRE, 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 2005 in the
Ordinance is hereby abated in its entirety.
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,
Illinois, and it shall be the duty of said County Clerk to abate said tax levied for the year 2005 in
accordance with the provisions hereof.
Section 3. Effective Date. This Ordinance shall be in full force and effect upon its
passage and approval as provided by law.
ADOPTED by the Corporate Authorities on the 14` day of February, 2006, pursuant to a
roll call vote as follows:
PAUL JAMES MARTY MUNNS ! '
JASON LESLIE JOSEPH BESCO r qL
VALERIE B URD �. ROSE SPEARS
QS
DEAN WOLFER� �b
APPRovED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the
14` day of February, 2006.
A e—z
MAYOR
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the
14` day of February , 2006.
Att
CITY ERK
-2-
STATE OF ILLINOIS )
SS
COUNTY OF KENDALL )
FILING CERTIFICATE
I
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 �tlay of
February, 2006, there was filed in my office a duly certified copy of Ordinance No. - 0646 °-0 7
entitled:
ORD INANCE abating the tax hereto levied for the year 2005 to pay
the principal of and interest on $2,000,000 General Obligation
Bonds (Alternate Revenue Source), Series 2005C, 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 "City"), on the 14"' day of February, 2006, 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 2004 for the payment of
the City's $2,000,000 General Obligation Bonds (Alternate Revenue Source), Series 2005C, as
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 2006
mac' -ltd_ �
County Clerk
[SEAL]