Resolution 2005-25 �s as
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 special services within the City's Special Service
Area Number 2005 -for a development to be developed by Pulte Homes (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, including water wells and water treatment facilities, sanitary sewer
facilities, erosion control measures, roads, streets, curbs, gutters, street lighting, traffic controls,
sidewalks, bicycle paths and related street improvements, and equipment and materials necessary
for the maintenance thereof, park, park improvements, 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 $16,000,000.
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.
PAUL JAMES MARTY MUNNS
RICHARD STICKA _ WANDA O HARE
VALERIE BURD ROSE SPEARS rl
LARRY KOT JOSEPH BESCO
PASSED AND APPROVED thi day cr , 2005
Mayor
ATTEST:
[SEAL]
C erkn
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