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Ordinance 2005-017 ORDINANCE No. `O S ` V - 1 ORDINANCE abating the tax hereto levied for the year 2004 to pay the principal of and interest on $625,000 General Obligation Bonds (Alternate Revenue Source), Series 2002, 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 2002 -03 , adopted on the 12 day of March, 2002 (the "Ordinance"), did provide for the issue of $625,000 General Obligation Bonds (Alternate Revenue Source),' Series 2002 (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 2004 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 1. Abatement of Tax. The tax heretofore levied for the year 2004 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 2004 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 22 day of February, 2005, pursuant to a roll call vote as follows: PAUL. JAMES MARTY MUNNS RICHARD S TICKA .�\ WANDA OHARE VALERIE B URD ROSE SPEARS i LARRY KOT JOSEPH BESCO AP PROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the 22'� day of February, 2005. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the 22nd day of February , 2005. CITY ERK -2- 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 2005 there was filed in my office a duly certified copy of Ordinance No. ' entitled: ORDINANCE abating the tax hereto levied for the year 2004_to pay the principal of and interest on $625,000 General Obligation to (Alternate Revenue Source), Series 2002, 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 22 day of February, 2005, 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 $625,000 General Obligation Bonds (Alternate Revenue Source), Series 2002, 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 Yek l eir " la County Clerk [SEAL] I