HomeMy Public PortalAboutResolution 1477VILLAGE OF PLAINFIELll
RESOLUTION NO. 1477
ABATING THE 2U05 TAX LEVIES FOR THE GENERAL OBLICYATiON
BONDS, SERIES 2UUU, OF THE VILLAGE OF PLAINFIELD, ILLINOIS.
PUBLISHED IN PAMPk~CLF.,"I' FORM BY THE AiJTHORITY OF THE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIEL~D, WILL
COUNTY, ILLINOIS, ON THIS 31 DAY OF JANUARY, 2006.
RESOLUTION NO. 1477
RESOLUTION ABATING THE 2005 TAX LEVIES FOR THE GENERAL
OBLIGATION BONUS, SERIES 2000, OF THE VILLAGE OF
PLAINFIELD, ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plailafi.cld,
tllinois 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 Bonds
authorized by said Ordinance as the sanac becomes due during the period for which the 2005 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 2005 under said. Ordinance No. 19$9 he abated..
NOW, THEREFORE, BE IT RESOLVED BY 'T'HE PRF,STDENT AND BOARD OF TRUSTEES OF T11E
VILLAGE OF .PLATNFTELD, WILL CUUN'C'Y, ILLTNOTS, 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
2005 tax levy year as reduced in the Second Certificate of Partial Reduction of Taxes to the
amount of $940,225.00 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. 19$9, 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 anal Kendall. Counties, Illinois, who are
hereby directed to abate said taxes for the 2005 tax levy year and not to extend the same far
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 23r`~ day of January, 200E by a roll call vote as follows:
AYES: Dement, Fay, Lamb, Manning, Collins, Racich.
NAYS: 0
' ~~
Vi lage Clerk ~ _
Attest:
Vil ge Clerk
(Seal)
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Approved: January 23, 200E
CERTIFICATE REGARI~LNG THE SUFFICIENCY OF FUNDS AVAILABLE TO PAY THE
PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION BONDS,
SERIES 2000, OF THE VILLAGE 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. 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,
2006.
IN WITNESS WHEREOF, I have hereunto set my hand this ~ day of
2006.
1~1~1~
Village Treasurer
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