Ordinance 2016-43 UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2016-43
ORDINANCE calling a public hearing concerning the intent of the
City Council of the United City of Yorkville, Kendall County,
Illinois, to sell not to exceed $6,500,000 General Obligation
Alternate Revenue Bonds.
Adopted by the City Council on the
28th day of June, 2016.
Ordinance 2016-43
ORDINANCE calling a public hearing concerning the intent of the
City Council of the United City of Yorkville, Kendall County, Illinois,
to sell not to exceed $6,500,000 General Obligation Alternate Revenue
Bonds.
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City"), is a duly
organized and existing municipality incorporated and existing under the provisions of the laws of
the State of Illinois, and is now operating under the provisions of Illinois Municipal Code, as
amended (the "Code"), and all laws amendatory thereof and supplementary thereto, including the
Local Government Debt Reform Act of the State of Illinois, as amended (the "Debt Reform
Act"); and
WHEREAS, the City Council of the City (the "City Council") intends to sell bonds in the
amount of not to exceed $6,500,000 (the "Bonds") for the purpose of providing funds to refund
all or a portion of the City's outstanding Refunding Debt Certificates, Series 2006A and General
Obligation Refunding Bonds (Alternate Revenue Source), Series 2007A; and
WHEREAS, the Bond Issue Notification Act of the State of Illinois, as amended, requires
the City Council to hold a public hearing concerning the City Council's intent to sell the Bonds
before adopting an ordinance providing for the sale of the Bonds:
Now,THEREFORE, Be It and It Is Hereby Ordained by the City Council of the United City
of Yorkville, Kendall County, Illinois, as follows:
1. Incorporation of Preambles. The City Council hereby finds that all of the recitals
contained in the preambles to this Ordinance are full, true and correct and does incorporate them
into this Ordinance by reference.
2. Public Hearing. The City Council hereby calls a public hearing to be held at 7:00
o'clock P.M. on the 26th day of July, 2016, in the City Hall, 800 Game Farm Road, Yorkville,
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Illinois, concerning the City Council's intent to sell the Bonds and to receive public comments
regarding the proposal to sell the Bonds (the "Hearing").
3. Notice. The City Clerk (the "City Clerk") shall (i)publish notice of the Hearing at
least once in the Beacon-News, the same being a newspaper of general circulation in the City, not
less than seven (7) nor more than thirty (30) days before the date of the Hearing and (ii)post at
least 48 hours before the Hearing a copy of said notice at the principal office of the City Council.
4. Form of Notice. Notice of the Hearing shall appear above the name of the City
Clerk and shall be in substantially the following form:
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113312453.1
NOTICE OF PUBLIC HEARING CONCERNING THE INTENT OF
THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS TO SELL
NOT TO EXCEED$6,500,000,000 GENERAL OBLIGATION
ALTERNATE REVENUE BONDS
PUBLIC NOTICE Is HEREBY GIVEN that the United City of Yorkville, KendallCounty,
Illinois (the "City"), will hold a public hearing on the 26th day of July, 2016, at 7:00 o'clock
P.M. The hearing will be held in the City Hall, 800 Game Farm Road, Yorkville, Illinois. The
purpose of the hearing will be to receive public comments on the proposal to sell general
obligation alternate revenue bonds of the City in the amount of not to exceed $6,500,000 for the
purpose of providing funds to refund all or a portion of the City's outstanding Refunding Debt
Certificates, Series 2006A and General Obligation Refunding Bonds (Alternate Revenue
Source), Series 2007A.
By order of the City Council of the United City of Yorkville, Kendall County, Illinois.
DATED the 28th day of June, 2016.
Beth Warren
City Clerk
United City of Yorkville, Kendall County,
Illinois
Note to Publisher: Please be certain that this notice appears above the name of the City Clerk.
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5. Hearing Requirements. At the Hearing, the City Council shall explain the reasons
for the proposed bond issue and permit persons desiring to be heard an opportunity to present
written or oral testimony within reasonable time limits. The City Council shall not adopt an
ordinance selling the Bonds for a period of seven (7) days after the final adjournment of the
Hearing.
6. Severability. If any section, paragraph, clause or provision of this Ordinance shall
be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such
section, paragraph, clause or provision shall not affect any of the remaining provisions of this
Ordinance.
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7. Repeal. All Ordinances and parts thereof in conflict herewith be and the same are
hereby repealed, and this Ordinance shall be in full force and effect forthwith upon its adoption.
ADOPTED by the City Council on the 28th day of June, 2016, pursuant to a roll call vote as
follows:
o� �
CARLO COLOSIMO KEN KOCH
JACQUELYN MILSCHEWSKI LARRY KOT
CHRIS FUNKHOUSER JOEL FRIEDERS
L
SEAVER TARULIS DIANE TEELING
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the
281h day of June, 2016.
MAYOR
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the
28th day of June, 2016.
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CITY CLERK
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