Ordinance 2009-20 STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
Ordinance No. 2009 - 2)0 APR 2 4 2009
�� COUNTY CLERK
ORDINANCE ABATING SPECIAL SERVICE AREA T &S KENDALL COUNTY
FOR SPECIAL SERVICE AREA NUMBER 2006 -113
AD VALOREM TAX BONDS, SERIES 2006
(CANNONBALL /BEECHER ROAD PROJECT)
BE IT ORDAINED by the City Council of the United City of Yorkville, Kendall
County, Illinois, as follows:
Section 1. It is found and declared by the City Council of the United City of Yorkville,
Kendall County, Illinois (the "City "), as follows:
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(A) The City Council of the City adopted Ordinance No. 2007 -41 on May 14, 2007, j
(the "Bond Ordinance') which: (i) provided for the issuance of not to exceed $15,000,000 of
Special Service Area Number 2006 -113 Ad Valorem Tax Bonds, Series 2007
Cannonball/Beecher Road Project (the "Bonds "), of the United City of Yorkville, for the purpose
of providing a portion of the funds needed for the costs of the Special Service Area; and (ii)
provided for the levy of Ad Valorem Taxes upon all taxable property within the Special Service
Area sufficient to pay and discharge the principal of and interest on the Bonds for each year at
maturity or mandatory sinking fund redemption dates and to pay interest and Administrate
Expenses of the Special Service Area (as defined in the Bond Ordinance) for each such year.
Ordinance No. 2007 -47 adopted by the City Council on May 14, 2007, authorized the City to
abate the taxes levied pursuant to Ordinance No. 2007 -41 to the extent additional funds of the
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City are available for the purpose of the aforesaid levy as set forth in said Ordinance 2007 -47.
(B) Of the $856,750.00 of Ad Valorem Taxes levied for calendar year 2008 pursuant
to Section 6 of the Bond Ordinance $856,750.00 of such levy is hereby abated resulting in a
2008 calendar year levy of $0.
Section 2. It is the duty of the County Clerk of Kendall County to abate those taxes as
provided in Section 1 of this Ordinance.
Section 3. 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orders in conflict with this Ordinance are repealed to the extent of such conflict.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. A copy of this Ordinance shall be
filed with the County Clerk of Kendall County. This Ordinance shall be in full force and effect
after passage and publication as provided by law.
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois, this
14` day of April, 2009. j
ROBYN SUTCLIFF JOSEPH BESCO
ARDEN JOE PLOCHER U-14 WALLY WERDERICH
GARY GOLINSKI � MARTY MUNNS O
ROSE SPEARS � BOB ALLEN
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois,
this I q day of - A P R l L , A.D. 2009.
Mayor
Attest:
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