HomeMy Public PortalAboutResolution 1482
VILLAGE OF PLAINFIELD
RESOLUTION NO. 1482
ABATING THE 2005 TAX LEVIES FOR THE GENERAL OBLIGATION
BONDS, SERIES 2005A, OF THE VILLAGE OF PLAINFIELD, ILLINOIS.
PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT
AND BOARD OF TRUSTEES OF Ti-IE VILLAGE, OF PLAINFIELD, WILL
COUN"i'Y, ILLINOIS, ON THIS 31 DAY OF JANl.7ARY, 2006.
RESOLUTION NO. 1482
RESOLUTION ABATING THE 2005 TAX LEVIES FOIZ THE GENERAL
OBLIGATION BONDS, SERIES 2005A, OF THE VILLAGE OF
PLAINFIELD, ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plainfield,
Illinois on May 1.6, 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 Treasurer has certified to the Board of 't'rustees that there are
sufficient funds on hand to meet the requirements of the 2005A Debt Service Fund described in
Section 18 of Ordinance No. 2482 to pay the principal of and interest on the 2005A Bonds
authorized by said Ordinance as the same becomes due during the period for which the 2005 tax
levy was made; and
WtIERFAS, it is in the best interest of the Village of Plainfield that the taxes levied for tax
levy year 2005 under said Ordinance No. 2482 be abated..
NOW, THEREFOKF., BE IT RESOLVED BY THE PKESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF PLAiNFiELD, WILL COUNTX, 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(A) of Ordinance No. 2482 for the
2005 tax levy year in the amount of $877,137.50 for the 2005A Bonds is herewith abated.
Section 3. That the Series 2005A 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 2005A Bonds in
compliance with Section 14(1/) of Ordinance No. 2482, as it applies to the 2005A 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 tiled 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 file copies thereof for public inspection in her office.
This Resolution shall become effective in the manner provided bylaw.
ADOPTED t111S 23rd Clay of .lanuary, 2006 by a roll call vote as follows:
AYES: Dement, Fay, Lamb, Manning, Collins, Racich.
Navs: 0
ilage Clerk
Attest:
V 1 age Clerk
(Seal)
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CERTIFICATE REGARDING THE SUFFICIENCY OF FUNDS AVAILABLE TO PAY THE
PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION BONDS,
SERIES 2005A, OF THE VILLAGE OF PLAINFIELD, ILLINOIS.
I, KAtzEN 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. 2482
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 2005A Debt Service Fund created by said Ordinance, are
available for the payment of debt service on the 2005A Bonds authorized by said Ordinance
according to the ratio established by Section l 0 of Ordinance No. 24$2.
3. That the assets in the 2005A 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.
11v Wi'rtv~ss WHEREOF, I have hereunto set my hand this m day of
2006.
~'' ~...
Village reasure
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COUNTY CLERK'S RECEIPT
RECEIPT IS HEREBY ACKNOWLEDGED this ~ day of
2005, of a duplicate original of the "SECOND C~ KATE OF
ARTIAL 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 and records of my
office anal that the taxes heretofore levied for the years 2005 to 2018, inclusive, for the payment
of the Called Series 2000 Bonds of the Village, as described in said Certif cate, will be reduced
and abated as provided in said Certificate.
IN WITNESS WHEREOF, I hereunto affix my afficial signature and the seal of
Kendall County, this j,~ day of L , 2005.
ount Clerk of the County o~endall, Il ' ojrs
za~~
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