HomeMy Public PortalAboutResolution 1483VILLAGE OF PLAINFIELD
RESOLUTION NO. 1483
ABATING THE 200_5 TAX LEVIES FOR THE CxENERAL OBLIC7ATION
BONDS, SERIES 2005B, OF THE VILLAC;E OF PLAINFIELD, ILLINOIS.
PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT
AND BOAI~D OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL
COUNTY, ILLINOIS, ON THIS 31 UAY OF :IANI7ARY, 2006.
RESOLUTION NO. 1483
RESOLUTION ABATING THE 2005 TAX LEVIES FOR THE GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2005B, OF THE VILLAGE
OF PLAINF'IELD, ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plainfield,
Illinois on May 16, 2005 Ordinance No. 2482 entitled "Ordinance Authorizing the Issuance of
General Obligation Bonds, Series 2005A and General Obligation Refunding Bonds, Series
2005B, of the Village of Plainfield, Illinois"; and.
WHEREAS, the Village '["reasurer has certified to the Board of Trustees that there are
sufficient funds on hand to meet the requirements of the 2005B Debt Service Fund described in
Section 18 of Ordinance No. 2482 to pay the principal of and interest on the 2005E Bonds
authorized by said Ordinance as the same becomes due during the period for which the 2005 tax
levy was made; and.
WHEUF~AS, it is in the best interest of the Village of Plainfiield that the taxes levied for tax
levy year 2005 under said Ordinance No. 2482 be abated.
NOW, T1iEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF PLAINFIEI,D, 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 14(B) of Ordinance No. 2482 for the
2005 Tax Levy Year in the amount of $256,312.50 for the 2005E Bonds is herewith abated.
Section 3. That the Series 2005B 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 2005B Bonds in
compliance with Section 14(F) of Ordinance No. 2482, as it applies to the 2005E Debt Service
Fund..
Section 4. 't'hat 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 2005 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 fiile copies thereof for public inspection in her office.
"fhis Resolution shall become effective in the manner provided by law.
ADOPTED thls 23'~`~ day of January, 2006 by a roll call vote as follows:
AYES: Dement, Fay, Lamb, Manning, Collies, Racich.
NAYS: 0
Appro January 23, 2006
Vi ~e President
~ ~. _.
Village Clerk
Attest: _ ~- ~.
illage Clerk
(Seal)
-2-
CERTTFTCATE REGARDTNC THE SUFFTCIENCY OF FUNDS AVATLABLE TO PAY THE
PRINCIPAL AND INTEREST WHEN DUE ON THTa GENERAL OBLIGATION
REFUNDING BONDS, SERIES 2OOSB, OF THE VTLLAGE OF PLAINFIELD, ILLINOIS.
I, KAREN IVLOW, 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. 24$2
adopted by the President and Board of Trustees of the Village of Plainfield on May 16, 2005 and
that I have knowledge of the financial records of the Village.
2. That the assets in the 2005B Debt Service Fund created by said Ordinance, are
available for the payment of debt service on the 2005B Bonds authorized by said Ordinance
according to the ratio established by Section 11 of Ordinance No. 2482.
3. That the assets in the 2005B Debt Service Fund created by said Ordinance contain.
sufficient assets to pay debt service on the Bonds when due through and including December 31,
2006.
I1v WITNESS WHEREOF, I have hereunto set my hand this r~ day of
2006.
Village reasure.
-3-
COUNTY CLERK'S RECEIPT
RECEII'~~~15 HEREBY ACKNOWLEDGED this ~~ day of
.~ ZO~.~., of a duplicate original of the "SECOND CERTIFICATE OF
PARTIAL DUCTION OF TAXES HERETOFORE LEVIED FOR THE PAYMENT OF
GENERAL OBLIGATION BONDS, SERIES 2000, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS", manually executed by the Village Treasurer of the Village of Plainfield, Illinois, and
it is hereby certified that the same has been deposited in the official files anal records of my
office
IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of
Wi11 County, this ~~`~`"'`yday of g.r~Cl ,_2~"
ZCaO ~O
- I /_
County C of the Coun of Will, Illinois
~,, ...`~
' a ^
~' m ;,r
v
-4-
Unc #:CI-II02 (2(5502-0001 I) 6U43182Gv1;12/27/2005Y1'ime:15:58