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HomeMy Public PortalAboutResolution 1574a ,, ~ .x~. ~. ~. „.r '~... ~~~ JAN -9 PPS 2= 48 V IL~A~~ OF PLAINFIELD STATE OF ILI.INO15 COUNTY OF KENpALL FILE© .. JAN 0 7 2009 ~ courorx c~es-c Keronai.~ caurorr RESOLUTION NO. 1574 A RESOLUTION ABATING THE 2008 TAX LEVY FOR THE GENERAL ~ OBLIGATION REFUNDING BONDS, SERIES 2004B. PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT ~ AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL AND ~ KENDALL COUNTIES, ILLINOIS, THIS 6TH DAY OF JANUARY, 2009. r RESOLUTION NO. 1574 RESOLUTION ABATING THE 2008 TAX LEVIES FOR THE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B, OF THE VILLAGE OF PLAINFIELD, ILLINOIS. WHEREAS, there was ordained by the President and Board of Trustees of Plainfield, Illinois on November 15, 2004 Ordinance No. 2442 entitled "Ordinance Authorizing ,the Issuance of Nat to Exceed $5,800,000 General Obligation Refunding Bonds, Series 2004A, and Not to Exceed $4,200,000 General Obligation Refunding Bonds, Series 2004B, of the Village of Plainfield, Illinois"; and WHEREAS, the Village Treasurer has certified to the Board of Trustees that there are sufficient funds on hand to meet the requirements of the 2004B Debt Service Fund described in Section 15 of Ordinance No. 2442 to pay the principal of and interest on the 2004B Bonds authorized by said Ordinance as the same becomes due during the period for which the 2008 tax levy was made; and WHEREAS, it is in the best interest of the Village of Plainfield that the taxes levied for tax levy year 2008 under said Ordinance No. 2442 be abated. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL COUNTY, ILLINOIS, AS FOLLOWS: Section 1. That the preamble hereto is herewith reinstated as though fully reprinted. Section Z. That the levy set forth in Section 12(B) of Ordinance No. 2442 as partially abated by that certain Certificate of Abatement dated December 6, 2004 in the amount of $880,150.00 for the 2004B Bonds is herewith abated. Sectian 3. That the Enterprise Revenues described in Section 10 of Ordinance No. 2442 is sufficient to pay the principal and interest on the 2004E Bonds when due during the period for which the taxes are abated hereunder and is herewith pledged to said payments of principal and interest in compliance with Section 12(G) of Ordinance No. 2442, as it applies to the 2004B Debt Service Account. Section 4. That immediately upon this Resolution becoming effective, a copy thereof certified by the Village Clerk, which certificate shall recite that this Resolution has been duly adopted, shall be filed with the County Clerks of Will and Kendall Counties, Illinois, who are hereby directed to abate said taxes for the 2008 tax levy year and not to extend the sarne for collection. Section 5. The Village Clerk is hereby authorized and directed to publish this Resolution in pamphlet form and to file copies thereof for public inspection in her office. This Resolution shall become effective in the manner provided by law. ADOPTED this S`" day of January, 2009 by a roll call vote as follows: AYES: Dement, Fay, Lamb, Manning, Racich NAYS: None ABSENT: Vaupel Ap d: January 5, 2009 G V aye President ~~ Village Clerk Attest: ~_ . ~~., ~~ Village Clerk (Seal) CERTIFICATE REGARDING THE SUFFICIENCY OF FUNDS AVAILABLE TO PAY THE PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004B, OF THE VILLAGE OF PLAINFIELD, ILLINOIS. I, KAREN Ivr~ow, the duly appointed and acting Village Treasurer of the Village of Plainfield, Illinois, do herewith certify as follows: 1. That I am acquainted with the terms and provisions of Ordinance No. 2442 adopted by'the President and Board of Trustees of the Village of Plainfield on November 15, 2004 and that I have knowledge of the financial records of the Village. 2. That the assets in the 2004B Debt Service Fund created by said Ordinance, are available for the payment of debt service on the 2004B Bonds authorized by said Ordinance according to the ratio established by Section 10 of Ordinance No. 2442. 3. That the assets in the 2004B Debt Service Fund created by said Ordinance contain sufficient assets to pay debt service on the 2004E Bands when due through and including December 31, 2009. IN WT7NE5S WHEREOF, I have hereunto set my hand this 6th day of ranuary, 2009. Village Trea urer STA'rlJ QF ILLINOIS ) SS. COUNTY OF WILL ) I, MICHELLE GIBAS, duly appointed Village Clerk of the Village of Plainfield, Will and Kendall Counties, Illinois, do hereby certify that the above and foregoing is true and correct copy of Resolution No. 1574, a resolution abating the 200$ tax levy for the General Obligation Refunding Bonds, Series 2004B, of the Village of Plainfield, Illinois, adopted and approved at a meeting of the President and Board of Trustees held on January 5, 2009; and the original Resolution is now an file in my office. IN WITNESS WHEREOF, I have hereunto set my hand as Village Clerk and attached the seal of said Village this 6th day of January, 2009. .~. MICHELLE GIBAS, Village Clerk SEAL