Resolution 2010-33 STATE OF ILLINOIS )
ss.
COUNTY OF KENDALL )
Resolution No. 2010 - 33
A RESOLUTION PROVIDING FOR AND REQUIRING THE SUBMISSION OF A
PROPOSITION TO ISSUE $1,000,000 GENERAL OBLIGATION BONDS TO THE
VOTERS OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS,
AT THE GENERAL ELECTION TO BE HELD ON APRIL 5, 2011
WHEREAS, the Mayor and City Council (the "Corporate Authorities ") of the United
City of Yorkville, Kendall County, Illinois (the "City ") have considered the benefits of
constructing several miles of bike trails within the City thereby providing recreational facilities
to enhance the health and welfare of its residents; and,
WHEREAS, the Corporate Authorities hereby find and determine after serious
consideration and discussion, the construction of bike trails would be in the best interest of its
residents, however, there are not sufficient funds in the City's current budget or projected
budgets and, therefore, it will be necessary to borrow money for the purpose of paying the costs
associated with the acquisition of land and construction of such bike trails; and,
WHEREAS, before the Corporate Authorities can borrow money and issue bonds to pay
all costs associated with the Project, a proposition therefore must be submitted to the voters of
the City and be approved by a majority of the voters of the City voting on such proposition at an
election to be held in the City, and it is deemed advisable, necessary and, in the best interests of
the City, that a proposition to borrow money be submitted to the voters of the City at an election
to be held and conducted in accordance with the general election law.
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NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows:
Section I. Project Borrowing /Tax Rate Increase. That it is necessary and in the best
interests of the City that the Corporate Authorities be authorized to undertake the Project and that
it will require an amount not to exceed $1,000,000 for such purpose, and that it is necessary and
in the best interests of the City that money be borrowed and general obligation bonds of the City
be issued therefore in an amount not to exceed $1,000,000.
Section 2. Election. That the proposition hereinabove referred to be submitted to the
voters of the City in accordance with the general election law at the general election to be held
on Tuesday, the 5 th day of April, 2011, between the hours provided by law for voting on such
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day (the "Election ").
Section 3. Election Precincts. That the Election shall be held in the voting precincts and
at the polling places established by the County Board (the "County Board ") of Kendall County,
Illinois (the "County "), for voters of the City at the Election.
Section 4. Notice. That the County Clerk of the County (the "County Clerle') shall give
notice of the Election in accordance with the general election law by publishing notice thereof
once in one or more local, community newspapers published in and having general circulation in
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the City, and also once in a newspaper published and of general circulation in Kendall County,
Illinois, the dates of such publications of such notices for the Election to comply with the
Election Code.
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Section S. Form of Notices. That the notices of the Election shall include the following:
NOTICE IS HEREBY GIVEN that at the general election to be held on Tuesday, the 5 th day of
April, 2011, the following proposition will be submitted to the voters of the United City of
Yorkville, Kendall County, Illinois:
Shall the United City of Yorkville issue general obligations bonds, bearing
interest at a rate not to exceed the limitation of applicable law, to an amount not to
exceed $1,000,000 for purpose of acquiring land and constructing bike trails
within the municipal boundaries of the United City of Yorkville.
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Dated this day of 5 2010.
County Clerk, Kendall County, Illinois
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois, this
day o , A.D. 2010.
ROBYN SUTCLIFF GEORGE T. GILSON, JR. n
ARDEN JOE PLOCHER DIANE TEELING
GARY GOLINSKI _ MARTY MUNNS CX
ROSE SPEARS WALLY WERDERICH L
o a
Mayor
Attest:
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