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Ordinance 2025-84UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO.2025-84 AN ORDINANCE ABATING THE TAX HERETO LEVIED FOR THE YEAR 2025 TO PAY DEBT SERVICE ON GENERAL OBLIGATION BONDS (ALTERNATE REVENUE SOURCE), SERIES 2025A AND SERVIES 2025B, OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS Passed by the City Council of the United City of Yorkville, Kendall County, Illinois This 25' day of November, 2025 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois on December 4, 2025. STATE OF ILLINO1S COUNTY OF KENDALL FILED . DEC 0 5 2025 COUNTY CLERK KENDALL COUNTY ORDINANCE No. 2025-84 AN ORDINANCE abating the tax hereto levied for the year 2025 to pay debt service on General Obligation Bonds (Alternate Revenue Source), Series 2025A and Series 2025B, 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 2024-76, adopted on the 12th day of December, 2024 (the "Ordinance "), did provide for the issue of $68,850,000 General Obligation Bonds (Alternate Revenue Source), Series 2025A and Series 2025B (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 the City that the tax heretofore levied for the year 2025 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 taxes heretofore levied for the year 2025 in the Ordinance authorizing the General Obligation Bonds (Alternate Revenue Source), Series 2025A and General Obligation Bonds (Alternative Revenue Source), Series 2025B are hereby abated in their 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 taxes levied for the year 2025 in accordance with the provisions hereof. Ordinance No. 2025-84 Page 2 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 25' day of November, 2025, pursuant to a roll call vote as follows: KEN KOCH AYE DAN TRANSIER AYE ARDEN TOE PLOCHER AYE CRAIG SOLING AYE CHRIS FUNKHOUSER AYE MATT MAREK AYE RUSTY CORNEILS AYE RUSTY HYETT AYE f APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the `i ' h day of �e Y� ��� , 2025. PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the 25th day of November, 2025. Attest. y CO WV.,,0 CITY CLERK Ordinance No. 2025-84 Page 3 STATE OF ILLINOIS ) ) SS COUNTY OF KENDALL ) FILING CERTIFICATE 1, 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 5 day of 2025, there was filed in my office a duly certified copy of Ordinance No. 2025-84 entitled: AN ORDINANCE abating the tax hereto levied for the year 2025 to pay debt service on General Obligation Bonds (Alternate Revenue Source), Series 2025A and Series 2025B, 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 25" day of November, 2025, 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 2025 for the payment of the City's $68,850,000 General Obligation Bonds (Alternate Revenue Source), Series 2025A and Series 2025B, as described in the Ordinance will be abated as provided in the Ordinance. IN WITNES WHEREOF I hereunto affix my official signature and the seal of said County this �) day of , 2025. `oa�,aa`a/iaaa�,`°f a � • d o aiaaaac10 County Clerk STATE OF ILLINOIS ) SS COUNTY OF KENDALL ) CITY CLERK'S CERTIFICATE I, JORI CONTRINO, the duly qualified and acting City Clerk of the United City of Yorkville, Kendall County, Illinois, do hereby certify that attached hereto is a true and correct copy of an Ordinance entitled: ORDINANCE No. 2025-84 AN ORDINANCE abating the tax hereto levied for the year 2025 to pay debt service on General Obligation Bonds (Alternate Revenue Source), Series 2025A and Series 2025B, of the United City of Yorkville, Kendall County, Illinois. which Ordinance was duly adopted by the City Council of the United City of Yorkville at a regular meeting held on the 25" day of November, 2025. I do further certify that a quorum of said City Council was present at said meeting, and that all requirements of the Illinois Open Meetings Act were complied with. IN WITNESS WHEREOF, I have hereunto set my hand this St day of ! 1 '(f �'7'� �'}t' ]� , 2425. ►ri Contrino, City Clerk nited City of Yorkville