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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