HomeMy Public PortalAboutResolution 1543VILLAGE OF PLAINFIELD
RESOLUTION NO. 1543
A RESOLUTION ABATING THE 2007 TAX LEVIES FOR THE GENERAL
OBLIGATION BONDS, SERIES 2000, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
i 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 7T'~ DAY OF JANUARY, 2008.
RESOLUTION NO. 1543
RESOLUTION ABATING THE 2007 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 an hand to meet the requirements of the 2000 Debt Service Fund described in
Section 14 of Ordinance No. 1.989 to pay the principal of and interest on the 2000 Bonds
authorized by said Ordinance as the same becomes due during the period for which the 2007 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 2007 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 COUNTY, ILLINOIS, AS 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
2007 tax levy year as reduced in the Second Certificate of Partial Reduction of Taxes to the
amount of $1,498,237.50 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 No. 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 2007 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 this 7`}' day of January, 2008 by a roll call vote as follows:
AYES: Manning, Racich, Dement, Fay, Lamb
NAYS: None
ABSENT: Vaupel
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Village Clerk
Attest:
~~
Village Clerk _
(Seal)
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Approved: January 7, 2008
CERTIFICATE REGARDING THE SUFFICIENCY OF FUNDS AVA1t,ABLE TO PAY THE
PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION BONDS,
SERIES 2000, OF THE VILLAGE OF PLAINFIELD, ILLINOIS.
I, KAREN Ivl.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. 1989
adopted by the President and Board of Trustees of the Village of Plainfield an 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,
2008.
IN WITNESS WHEREOF, I have hereunto set my hand this 7th day of January, 2Q08.
Village reasure
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