HomeMy Public PortalAboutResolution 1440RESOLUTION NO. /'~'`~o
RESOLUTION ABATING THE 2004 TAX LEVIES FOR THE GENERAL REFUNDING
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. 19$9 entitled "Supplemental Ordinance Providing
for the Issuance of $1$,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 in Enterprise Revenue to meet the requirements of the Debt Service
Fund described in Section 14 of Ordinance No. 1989 to pay the principal of anal interest on the
2000 Series bonds authorized by said Ordinance (s) as the same become due during the period for
which the 2004 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 2004 under said Ordinance No. 19$9 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.
Section 2: That the levy set forth in Ordinance No. 1989 Section 11 for the
2004 Tax Levy Year in the amount of $1,213,052.50 for series 2000 Bonds is herewith abated.
Section 3: That operating revenue of the waterworks, anal sewerage system of
the Village sufficient to pay the principal and interest on the Bands when due during the period
for which the taxes are abated hereunder (through. January 1, 2005) are herewith. pledged to said.
payments of principal anal interest and the Debt Service Funds in compliance with Ordinance No.
1989 Section 14, as it applies to Series 2000 Account.
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 2004 tax Levy Year and not to extend the same for
collection.
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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 ]aw.
ADOPTED this 3rd day of January, 2005 by a roll call vote as follows:
AYES: l.0 NAYS:
L~
VIL AGE CLERK
APPROVED: l /03/05
~~~~~i/
VILLAGE P SIDENT
ATTEST:
VILLAGE CLERK
(SEAL)