Ordinance 2015-64 - FILED .
DEC 0 2 2015
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NWWAW
UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2015-64
AN ORDINANCE ABATING A PORTION OF THE TAX HERETO LEVIED FOR THE YEAR 2015
TO PAY THE PRINCIPAL OF AND INTEREST ON THE$2,300,000 GENERAL OBLIGATION
REFUNDING BONDS (ALTERNATE REVENUE SOURCE), SERIES 2014B, OF
THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS
Passed by the City Council of the
United City of Yorkville,Kendall County, Illinois
This 24`h day of November,2015
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County, Illinois on December 1, 2015.
ORDINANCE No.2015-/1
AN ORDINANCE abating a portion of the tax hereto levied for the year 2015 to pay the
principal of and interest on the$2,300,000 General Obligation Refunding Bonds
(Alternate Revenue Source), Series 2014B, 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 2014-32, adopted
on the 22nd day of July, 2014 (the "Ordinance"), did provide for the issue of$2,300,000
General Obligation Refunding Bonds (Alternate Revenue Source), Series 2014B (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 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 2015 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 L Abatement of Tax. The tax heretofore levied for the year 2015 in the
Ordinance is hereby abated in the amount of $272,653 so that only $47,497 shall be
received from property taxes.
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
Ordinance No.2015-(0q
Page 2
Kendall, Illinois, and it shall be the duty of said County Clerk to abate said tax levied for
the year 2015 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 day of (/�12 , 2015,
pursuant to a roll call vote as follows:
Y l
CARLO COLOSIMO KEN KOCH
L
JACKIE MILSCHEWSKI LARRY KOT
CHRIS FUNKHOUSER L JOEL FRIEDERS
DIANE TEELING SEAVER TARULIS
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County,
Illinois, the 30 day of t4OVe-MM9 , 2015.
/04AYOR
PASSED by the City Council of the United City of Yorkville, Kendall County,
Illinois, the (:Rq day of 1JOVEM bE.k , 2015.
Attest: „_
CITY CLERK .
I
Ordinance No.2015-
Page 3
STATE OF ILLINOIS )
) SS
COUNTY OF KENDALL )
FILING 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 DECEM(6c R. , 2015, there was filed in my office a duly certified copy of Ordinance
No. 901544 entitled:
AN ORDINANCE abating a portion of the tax hereto levied for the
year 2015 to pay the principal of and interest on the $2,300,000
General Obligation Refunding Bonds (Alternate Revenue Source),
Series 2014B, 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 a / day of t OVEN►QE k- , 2015, 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 2015 for the payment of
the City's $2,300,000 General Obligation Refunding Bonds (Alternate Revenue Source), Series
201413, as described in the Ordinance will be abated in the amount of$272,653 as provided in
the Ordinance.
IN WITNESS WHEREOF I hereunto affix my official signature and the seal of said County
this day of bECEM&EK , 2015.
County Clerk
[SEAL)