Ordinance 2023-53 UNITED CITY OF YORKVILLE
KENDALL COUNTY,ILLINOIS
ORDINANCE NO. 2023-53
AN ORDINANCE ABATING SPECIAL SERVICE AREA TAXES FOR
SPECIAL SERVICE AREA NUMBERS 2005-108 AND 2005-109
SPECIAL TAX REFUNDING BONDS, SERIES 2016
(AUTUMN CREEK PROJECT AND BRISTOL BAY I PROJECT)
Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 28th day of November, 2023
STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
DEC 0 6 2023
Published in pamphlet form by the A.A.404.zrz_ COUNTY CLERK
authority of the Mayor and City Council
KENDALLCOUNTY
of the United City of Yorkville,Kendall
County, Illinois on December 5,2023.
Ordinance No. 2023-53
AN ORDINANCE ABATING SPECIAL SERVICE AREA TAXES FOR
SPECIAL SERVICE AREA NUMBERS 2005-108 AND 2005-109
SPECIAL TAX REFUNDING BONDS, SERIES 2016
(AUTUMN CREEK PROJECT AND BRISTOL BAY I PROJECT)
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:
(a) The City Council adopted Ordinance No. 2006-26 on March 28, 2006 (the"Autumn
Creek 2006 Bond Ordinance") pursuant to which: (i) the City issued $14,980,000 principal
amount of Special Service Area Number 2005-108 Special Tax Bonds, Series 2006 (Autumn
Creek Project)(the"Autumn Creek 2006 Bonds"), of the United City of Yorkville, for the purpose
of paying for the costs of certain improvements benefiting the Special Service Area Number 2005-
108 (the "SSA 2005-108 Area"); and (ii) provided for the levy of a Special Tax upon all taxable
property within the SSA 2005-108 Area sufficient to pay the principal of the Autumn Creek 2006
Bonds for each year at maturity or mandatory sinking fund redemption dates and to pay
interest and administrative expenses of the SSA 2005-108 Area for each such year.
(b) The City Council adopted Ordinance No. 2006-18 on March 14, 2006 (the"Bristol
Bay 2006 Bond Ordinance") pursuant to which: (i) the City issued $19,000,000 principal
amount of Special Service Area Number 2005-109 Special Tax Bonds, Series 2006 (Bristol Bay
I Project) (the "Bristol Bay 2006 Bonds"), of the United City of Yorkville, for the purpose of
paying for the costs of certain improvements benefiting the Special Service Area Number
2005-109 (the "SSA 2005-109 Area"); and (ii) provided for the levy of a Special Tax upon all
taxable property within the SSA 2005-109 Area sufficient to pay the principal of the Bristol Bay
Ordinance No.2023-53
Page 2
2006 Bonds for each year at maturity or mandatory sinking fund redemption dates and to pay
interest and administrative expenses of the SSA 2005-109 Area for each such year.
(c) The City Council adopted Ordinance No. 2016-14 on February 9, 2016, pursuant
to which the City issued $28,840,000 of its Special Service Area Numbers 2005-108 and 2005-
109 Special Tax Refunding Bonds, Series 2016 (the "Series 2016 Bonds") for the purpose of
refunding and defusing the entire outstanding principal amount of the Autumn Creek 2006 Bonds
and the Bristol Bay 2006 Bonds. Ordinance No. 2016-14 (the "Series 2016 Bond Ordinance")
of the City,pursuant to which the Series 2016 Bonds were issued,provided for a separate levy for
payment of debt service on the Series 2016 Bonds and directed the City to adopt and file an
abatement ordinance partially abating the levy of taxes for levy years 2015 and later, to be
effective upon the issuance of the Series 2016 Bonds.
Section 2. There is hereby abated taxes levied pursuant to the Series 2016 Bond Ordinance
in the amount of$325,121.92 as levied for SSA 2005-108 (Series 2006 Autumn Creek Project)
and $430,482.44 as levied for the SSA 2005-109 (Series 2006 Bristol Bay Project) for the levy
year of 2023 which amount was calculated in accordance with the Special Tax Roll and Report
prepared by DTA, Inc.
Section 3. It is the duty of the County Clerk of Kendall County to abate paid taxes as
provided in Sections 2 of this Ordinance and the amended Levy Year 2023 Special Tax Rolls
attached hereto (the"Amended Special Tax Rolls").
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 upon its passage, approval and publication as provided by law.
Ordinance No.2023-53
Page 3
Section 5. A copy of this Ordinance shall be filed with the County Clerk of Kendall
County. The County Clerk of Kendall County is hereby directed to extend the Special Taxes.
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
28th day of November, A.D. 2023.
drz4
c2ve,c4L
IT CLERK
KEN KOCH AYE DAN TRANSIER AYE
ARDEN JOE PLOCHER AYE CRAIG SOLING AYE
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS AYE RUSTY CORNEILS AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this IS* day of be CErn 19-,1', A.D. 2023.
MAYOR
Attest:
JU APO\
ke CLERK
Ordinance No.2023-53
Page 4