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HomeMy Public PortalAboutResolution 1570 ,~. ~~.. ~. r„~,-. ~Ayp <<r~ ~~N -5 ~,~ ~: ~ s :,,.. ©IS VILLAGE OF PLAINFIELD STATE 0~ ILLINOIS COUNTY OF KENOALL - FILED JAN 0 7 2009 ~ ^^ ~ COUNTY CLERK /J~4'Jlc KENDALL COUNTY RESOLUTION NO. 15'7A A RESOLUTION ABATING THE 2008 TAX LEVY FOR THE GENERAL ~ OBLIGATION BONDS, SERIES 2000. 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 .TANUARY, 2009. RESOLUTION NO. 1570 RESOLUTION ABATING THE 2008 TAX LEVIES FOR THE GENERAL OBLIGATION BONDS, SERIES 2000, OF THE VILLAGE OF PLAINFIELD, ILLINOIS. WHEREAS, there was ordained by the President and Board of Trustees of Plainfield, Illinois on August 22, 2000 Ordinance No. 1989 entitled "Supplemental Ordinance Authorizing the Issuance of $18,000,000 General Obligation Bonds, Series 2000, 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 2000 Debt Service Fund described in Section 14 of Ordinance No. 1989 to pay the principal of and interest on the 2000 Bands 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. 1989 be abated. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL COUN"T"Y, ILLINOIS, A5 FOLLOWS: Section 1. That the preamble hereto is herewith reinstated as though fully reprinted herein. Section 2. That the levy set forth in Section 11(A) of Ordinance No. 1989 for the 2008 tax levy year as reduced in the Second Certificate of Partial Reduction of Taxes to the amount of $1,499,287.50 for the 2000 Bonds is herewith abated. Section 3. That the Revenue Source is sufficient to pay the principal and interest on the Bonds when due during the period for which the taxes are abated hereunder and is herewith pledged to said payments of principal and interest on the 2000 Bonds in compliance with Section 11(D) of Ordinance Na. 1989, as it applies to the 2000 Debt Service Fund. 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 S. 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 5t1i day of January, 2p09 by a roll call vote as follows: AYl~S: Dement, Fay, Lamb, Manning, Racich NAYS: None ABSENT: Vaupel Village Clerk Attest: ~~.~~ ~ Village Clerk (Seal) CERTIFICATE REGARDING THE SUFFICIENCY OI; FUNDS AVAILABLE TO PAY THE PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL. OBLIGATION BONDS, SERIES 2000, OF THE VILLAGE OI' PLAINFIELD, ILLINOIS. I, KAREN IVLOW, the duly appointed and acting Village Treasurer of the Village of Plainfield, Illinois, da herewith certify as follows: 1. That I am acquainted with the terms and provisions of Ordinance No. 1989 adopted by the President and Board of Trustees of the Village of Plainfield on August 22, 2000 and that I have knowledge of the financial records of the Village. 2. That the assets in the 2000 Debt Service Fund created by said Ordinance, are available for the payment of debt service on the 2000 Bonds authorized by said Ordinance according to the ratio established by Section 9 of Ordinance No. 1989. 3. That the assets in the 2000 Debt Service Fund created by said Ordinance contain sufficient assets to pay debt service on the 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 er STATE OF 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. 1570, A resolution abating the 2008 tax levy for the General Obligation Bonds, Series 2000, 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 WI-I1;ItEOF, I have hereunto set seal of said Village this 6`h day of January, 2009. my hand as Village Clerk and attached the MICHELLE GIBAS, Village Clerk SEAL