Ordinance 2009-75 STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
DEC 17 2009
COUNTY CLERK
PLC. KFNDALL COUNTY
ORDINANCE NO. 2009- — 1 S
ORDINANCE abating the tax hereto levied for the year 2009 to pay
the principal of and interest on $3,020,000 General Obligation
Refunding Bonds, (Alternate Revenue Source), Series 2007A, 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 2007 -02, adopted on the
23rd day of January, 2007 (the "Ordinance"), together with a Notification of Sale, dated
February 22, 2007, did provide for the issue of $3,020,000 General Obligation Refunding Bonds
(Alternate Revenue Source), Series 2007A (the "Bonds"), and the levy of a direct annual tax
sufficient to pay the principal of and interest on the Bonds; and
WHEREAS the Pledged Revenues (as defined in the Ordinance) have been demonstrated
by the City Treasurer to provide an amount not less than 1.25 times debt service of all Bonds in
the next succeeding bond year; and
WHEREAS it is necessary and in the best interests of a the City that the tax heretofore
levied for the year 2009 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 tax heretofore levied for the year 2009 in the
Ordinance is hereby abated in its 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 tax levied for the year 2009 in
accordance with the provisions hereof.
Section 3. Effective Date. This Ordinance shall be in full force and effect forthwith
upon its passage by the Corporate Authorities and approval as provided by law.
ADOPTED by the Corporate Authorities on the '% day of December, 2009, pursuant to a
roll call vote as follows:
WALTER WERDERICH MARTY MUNNS
GEORGE GILSON DIANE TEELING
Pj
ARDEN PLOCHER ROSE SPEARS
ROBYN SUTCLIFF GARY GOLINSKI
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the
day of December, 2009.
MAYOR
PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the
_Sday of December, 2009.
Attest:
CIT CLERK
-2-
STATE OF ILLINOIS )
SS
COUNTY OF KENDALL )
FILING CERTIFICATE
I, 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 I � f
day of December, 2009, there was filed in my office a duly certified copy of Ordinance No.
16 entitled:
ORDINANCE abating the tax hereto levied for the year 2009 to pay
the principal of and interest on $3,020,000 General Obligation
Refunding Bonds (Alternate Revenue Source), Series 2007A, 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 8 day of December, 2009, 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 2009 for the payment of
the City's $3,020,000 General Obligation Bonds (Alternate Revenue Source), Series 2007A, as
described in the Ordinance will be abated in their entirety as provided in the Ordinance.
IN WITNESS WHEREOF I hereunto affix my official signature and the 'sea]. of said County
this J� day of December 2009
'1
i�
County Clerk
[SEAL]