Ordinance 2019-18 STATE OF
IS
--� COUNTY OF KENDALLL
- FILED -
APR 12 2019
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2019-18
AN ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003-101
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This qday of Aprff,2019
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on April 10,2019.
UNITED CITY OF YORKVILLE
- KENDALL COUNTY,ILLINOIS
SPECIAL SERVICE AREA NUMBER 2003-101
SPECIAL TAX BONDS,
SERIES 2003 (WINDETT RIDGE PROJECT)
ORDINANCE NO.2019-L8
AN ORDINANCE ABATING SPECIAL SERVICE AREA TAXES
FOR SPECIAL SERVICE AREA NUMBER 2003-101
BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE UNITED CITY
OF YORKVILLE,KENDALL COUNTY, ILLINOIS,AS FOLLOWS:
SECTION 1. It is found and declared by the Mayor and City Council of the United City
of Yorkville, Kendall County, Illinois(the"City"), as follows:
n (a) The City Council adopted Ordinance No. 2003-57 on August 12, 2003
(the"Prior Bond Ordinance")pursuant to which: (i)the City issued$6,900,000 principal amount
of Special Service Area Number 2003-101 Special Tax Bonds, Series 2003 (Windett Ridge
Project) (the "Prior Bonds"), of the United City of Yorkville, for the purpose of paying for the
costs of certain improvements benefiting the Special Service Area Number 2003-101 (the "SSA
2003-101 Area"); and (ii)provided for the levy of a Special Tax upon all taxable property within
the SSA 2003-101 Area sufficient to pay the principal of the Prior Bonds for each year at
maturity or mandatory sinking fund redemption dates and to pay interest and administrative
expenses of the SSA 2003-101 Area for each such year.
(b) The City has issued its Special Service Area Number 2003-101 (Windett
Ridge Project) Special Tax Refunding Bonds, Series 2019 (the "Bonds") pursuant to which the
n City will refund and defease the entire outstanding principal amount of the Prior Bonds.
4819-4084-5704.2 Ordinance No.2019- O
Page 2
Ordinance No. 2019-10 (the "Bond Ordinance") of the City, pursuant to which the Bonds were
issued, provided for a separate levy for payment of debt service on the Bonds and directed the
City to adopt and file an abatement ordinance abating the levy of taxes for the Prior Bonds.
SECTION 2. There is hereby abated all taxes levied pursuant to the Prior Bond
Ordinance (Ordinance No. 2003-57) for all levy years.
SECTION 3. It is the duty of the County Clerk of Kendall County to abate those taxes
as provided in Section 2 of this Ordinance.
SECTION 4. All ordinances, resolutions and orders or parts of ordinances, resolutions
and orders in conflict with this ordinance are repealed to the extent of such conflict. The City
Clerk shall cause this Ordinance to be published in pamphlet form. This Ordinance shall be in
full force and effect only at such time as the Bonds have been issued and the Prior Bonds legally
defeased and after passage and publication as provided by law. The City Clerk is hereby
directed to file a certified copy of this Ordinance with the County Clerk of Kendall County.
SECTION 5. A copy of this Ordinance shall be filed with the County Clerk of Kendall
County.
n
4819-4084-5704.2 Ordinance No.2019- I8
Page 3
Passed this o?(,o day of I��FRCH- , 2019
AYES: SC#Ek/5K 1) -FUA1k*U5E e, -W ULS 7!LQCHE2 r1P/EbF- S
NAYS
ABSTAIN:
ABSENT: KOCJ4. COLOSWO , f E 7-ERS 0
NOT VOTING:
Approved this day of FPR I L , 2019.
ATTEST: Mayor
City Clerk
4819-4084-5704.2 Ordinance No.2019- I g
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