Resolution 2020-65 Resolution No. 2020-65
RESOLUTION OF THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS
COMMITTING LOCAL FUNDS
WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City") is a duly
organized and validly existing municipality of the State of Illinois pursuant to the 1970 Illinois
Constitution and the Illinois Municipal Code, as from time to time amended; and,
WHEREAS, the Mayor and City Council of the City (the "Corporate Authorities") have
taken action to submit a Rebuild Illinois competitive economic development application; and,
WHEREAS,receipt of Rebuilding Illinois grant assistance is essential to allow the City to
undertake the Eldamain Road corridor infrastructure extension(the "Project"); and,
WHEREAS, criteria are such that financial participation by the grantee is required in
conjunction with Rebuild Illinois funds; and,
WHEREAS, the City is prepared to consider issuing alternative revenue bonds combined
with any available funds, if needed, for this Project.
NOW,THEREFORE,BE IT RESOLVED by the Mayor and City Council of the United
City of Yorkville, Kendall County, Illinois, that such funds as necessary for use in conjunction
with a Rebuild Illinois grant to pay the cost of the Project in excess of$2,000,000 may be funded
through the issuance of alternative revenue bonds and/or available water and sewer funds.
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
I I�h day of August, A.D. 2020.
CITY CLERK
Resolution No.2020-65
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KEN KOCH ABSENT DAN TRANSIER AYE
JACKIE MILSCHEWSKI AYE ARDEN JOE PLOCHER AYE
CHRIS FUNKHOUSER AYE JOEL FRIEDERS AYE
SEAVER TARULIS AYE JASON PETERSON AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this /Oday of -AU6US i ,A.D. 2020.
MAYOR
Attest:
CITY CLERK
Resolution No.2020-65
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