Resolution 2006-091 aooco°� 1
RESOLUTION DECLARING OFFICIAL INTENT
OF THE UNITED CITY OF YORKVILLE
]KENDALL COUNTY, ILLINOIS
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the " City ")
wishes to design, acquire, construct and install municipal improvements within the City's
Business District (the "Business District ") and the City wishes to issue its sales tax revenue
bonds in one or more series to finance said municipal improvements; and
WHEREAS, the City hereby finds and determines that the financing of the
municipal improvements described below by the City will serve the public purposes of the City
and the Business District.
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 municipal improvements
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 $15,000,000.
2. Certain costs will be incurred by the City in connection with the Project
prior to the issuance of the 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.
PASSED by the City Council of the City this October 1I D 2006.
JAMES BOCK JOSEPH BESCO C'
VALERIE BURD v PAUL JAMES
DEAN WOLFER MARTY MUNNS
ROSE SPEARS JASON LESLIE
CH12 652294.1
Approved by me, as Mayor of the United City of Yorkville, Kendall County,
Illinois, this 1 h day of October 2006.
APPROVED:
_,mac
Mayor
Passed by the City Council of the United City of Yorkville, Kendall County,
Illinois this D day of October—, 2006.
[SEAL]
ATTEST:
Published in pamphlet form October 2006.
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CHI2 652294.1