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HomeMy Public PortalAboutResolution 1573~~~ ~" ~~'S' JAN -5 PN 2~ ~8 i'i~~' ~ ~f `~ rlJUi:7 WiLICC~~i~Y`( 1t~.~LIN01S VILLAGE OF PLAINFIELD STATE OF ILLINOIS COUNTY OF KENDALL FILED - JAN 0 71009 ~/~HL~t~ COUNTY CLERK KENDALL COUNTY RESOLUTION NO. 1573 A RESOLUTION ABATING THE 200$ TAX LEVY FOR THE GENERAL I OBLIGATION REFUNDING BONDS, SERIES 2004A. PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT I AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL AND KENDALL COUNTIES, ILLINOIS, THIS 6T" DAY OF 7ANUARY, 2009. RESOLUTION NO. 15T3 RESOLUTION ABATING THE 2008 TAX LEVIES FOR THE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2004A, 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 Not 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 2004A Debt Service Fund described in Section 15 of Ordinance No. 2442 to pay the principal of and interest on the 2004A 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 2. That the levy set forth in Section 12(A) of Ordinance No. 2442 as abated by that certain Certificate of Abatement dated December 6, 2004 in the amount of $428,650.00 for the 2004A Bands is herewith abated. Section 3. That the Revenue Source described in Section 9 of Ordinance No. 2442 is sufficient to pay the principal and interest on the 2004A Bonds when due during the period far 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 2004A 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 same 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 Chis 5a' day of January, 2009 by a roll call vote as follows: AYES: Dement, Fay, Lamb, Manning, Racich NAYS: None ABSENT: Vaupel Village Clerk January S, 2009 ~~ Attest:-- ~, ~- ~~~ V' age President 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 2004A, OF THE VILLAGE OF PLAINFIELD, ILLINOIS. I, KAREN IVI,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 1S, 2004 and that I have knowledge of the financial records of the Village. 2. That the assets in the 2004A Debt Service Fund created by said Ordinance, are available for the payment of debt service on the 2004A Bands authorized by said Ordinance according to the ratio established by Section 9 of Ordinance No. 2442. 3. That the assets in the 2004A Debt Service Fund created by said Ordinance contain sufficient assets to pay debt service on the 2004A Bonds when due through and including December 31, 2009. IN WITNESS WHEREOF, I have hereunto set my hand this 6th day of January, 2009. illage Treas rer STATE OF ILLINOIS ) 5S. 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. 1573, A resolution abating the 2008 tax levy far the General Obligation Refunding Bonds, Series 2004A, of the Village of Plainfield, Illinois, adopted and approved at a meeting of the President and Board of Trustees held on January S, 2009; and the original Resolution is now on file in my office. IN WITNESS WHEREOF, I have hereunto seal of said Village this 6thday of January, 2009 set my hand as Village Clerk and attached the 5 MICHELLE GIBAS, Village Clerk SEAL