HomeMy Public PortalAboutResolution 1397
VILLAGE OF PLAINFIELD
RESOLUTION NO. 1397
ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 2003A, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL
COUNTY, ILLINOIS, THIS 29TH DAY OF JANUARY, 2004.
RESOLUTION NO. 1397
RESOLUTION ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 2003A, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plainfield,
Illinois an December 1, 2003 Ordinance No. 2374 entitled "Supplemental Ordinance Providing
for the Issuance of $9,150,000 General Obligation Bonds, Series 2003A, 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 Revenue to meet the requirements of the Debt Service Fund described
in Section 13 of Ordinance No. 2374 to pay the principal of and interest on the 2003A Series
bonds authorized by said Ordinance (s) as the same become due during the period far which the
2003 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 2003 under said Ordinance No. 2374 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. 2374 Section 11 for the
2003 Tax Levy Year in the amount of $542,530.75 for series 2003A Bonds is herewith abated.
Section 3: That operating revenue of the Village sufficient to pay the principal
and interest on the Bonds when due during the period far which the taxes are abated hereunder
(through January 1, 2004) are herewith pledge to said payments of principal and interest and the
Debt Service Funds in compliance with Ordinance No. 2374 Section 14, as it applies to Series
2003A 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 2003 tax Levy Year and not to extend the same for
collection.
i
Section S: The Village Clerk is hereby authorized and directed to publish this
Resalution 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 19th day of January, 2004 by a roll call vote as follows:
AYES: 6 NAYS: 0
APPROVED:1/19/04
VILL GE PRESIDENT
VILLAGE CLERK
ATTEST:
~~'.:. ~ r
VILLAGE CLERK
(SEAL)
CERTIFICATE REGARDING THE SUFFICIENCY OF
FUNDS AVAILABLE TO PAY THE PRINCIPAL
AND INTEREST WHEN DUE ON
THE GENERAL REFUNDING OBLIGATION BONDS, SERIES
2003A, OF THE VILLAGE OF PLAINFIELD.
I, KAREN IVLOW, the duly appointed and acting Village Treasurer of the Village of
Plainfield, Illinois, do herewith certify as follows:
That I am acquainted with the terms and provisions of Ordinance No. 2374
adopted by the President and Board of Trustees of the Village of Plainfield on December 1, 2003
and that I have knowledge of the financial records of the Village.
2. That the assets in the Debt Service Fund created by said Ordinance (s), are
available for the payment of debt service on 2003A Series Bonds authorized by said
Ordinance(s) according to the ratio established by Section 14 of Ordinance No.2374.
3) That the assets in the Debt Service Fund created by said Ordinance contain
sufficient assets to pay debt service on the Bands when due through and including January 1,
2004.
IN WITNESS WHEREOF, I have hereunto set my hand this~day of
,,-~
.1r.cr.2l~i ~- , 2004.
V
VILLA E TREASURER
STATE OF ILLINOIS )
SS.
COUNTY OF WILL )
I, NANCY SCHULTZ VOOTS, County Clerk of Will County, Illinois, do hereby certify that an
the ,~ day of ~e-b ~d `c/ , 2004, there was filed in my office, Village of Plainfield
Certified copy of Resolution 1~9 7 abating $542,530.75 from 2003 Levy for the 2003A Series
General Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this~~day of -e.~r7.eGt. ,
2004.
~~
ANCY S ULTZ VOOTS
County Clerk of Will County, Illinois
STATE OF ILLINOIS )
SS.
COUNTY OF KENDALL )
I, PAUL ANDERSON, County Clerk of Kendall County, Illinois, do hereby certify that on the
~ n~`tt day of ~ , 2004, there was filed in my office, Village of Plainfield Certified
copy of Resolution abating $542,530.75 from 2003 Levy for the 2003A Series General
Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this ~~ day of ~ r ~ ,
2004.
PAUL ANDERSON
County Clerk of Kendall County, Illinois