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Ordinance 2008-113 STATE OF ILLINOIS COUNTY OF KENDALL - FILED - DEC 19 2008 ORDINANCE No . �� o ' ��3 p COUNTY CLERK KENDALL COUNiY ORDINANCE abating the tax hereto levied for the year 2008 to pay the principal of and interest on $11,300,000 General Obligation Bonds (Alternate Revenue Source), Series 2005D, 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 2005- 88, adopted on the 25th day of October, 2005 (the "Ordinance "), did provide for the issue of $11,300,000 General Obligation Bonds (Alternate Revenue Source), Series 2005D (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 a the City that the tax heretofore levied for the year 2008 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 2008 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 2008 in accordance with the provisions hereof. 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 9 th day of December, 2008, pursuant to a roll call vote as follows: WALTER WERDERICH V MARTY MUNNS ROBERT ALLEN Y, JOSEPH BFSCO ARDEN PLOCHER ROSE SPEARS ROBYN SUTCLIFF GARY GOLINSKI APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, the 9 1h day of December, 2008. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, the 9 th day of December, 2008. Attest: CITY ERK -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 day of December, 2008, there was filed in my office a duly certified copy of Ordinance No. d0Q8 - I15 entitled: - I ORDINANCE abating the tax hereto levied for the year 2008 to pay the principal of and interest on $11,300,000 General Obligation Bonds (Alternate Revenue Source), Series 2005D, 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 9 th day of December, 2008, 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 2008 for the payment of the City's $11,300,000 General Obligation Bonds (Alternate Revenue Source), Series 2005D, 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 seal of said County this day of December , 2008 w 1 County Clerk [SEAL]