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RESOLUTION NO. I `~*3
RESOLUTION ABATING THE 2004 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 1999B, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plainfield,
Illinois on November 15, 1999 Ordinance No. 1895 entitled "Ordinance Authorizing the
Issuance of $1,420,000 General Obligation Bonds, Series 1999A and $S,b00,000 General
Obligation Bonds, Series 1999B, 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 18 of Ordinance No. 1895 to pay the principal of and interest on the
1999B 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. 1895 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. 1895 Section 12 (B) for
the 2004 Tax Levy Year in the amount of $259,115.00 for series 1999B Bonds is herewith.
abated.
Section 3: That operating revenue of the waterworks, and sewerage system of
the Village sufficient to pay the principal and interest on the Bonds when due during the period
for which the taxes are abated hereunder (through January 1, 2005) are herewith pledge to said
payments of principal and interest and the Debt Service Funds in compliance with Ordinance Na.
1895 Section 18, as it applies to Series 1999B Account.
Section 4: That immediately upon this Resolution becoming effective, a copy
thereof certified by the Village Clerk, which certificate steal] 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 anal directed to publish this
Resolution in pamphlet form and to ale copies thereof for public inspection in her office.
This Resolution shall become effective in the manner provided by law.
ADOPTED this 3rd day of January, 2005 by a roll call vote as follows:
AYES: ~a NAYS: ~
VILLAGE CLERK
APPROVED: l/03/05
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VILLAGE P SIDENT
ATTEST: -
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V LLAGE CLE -
(SEA