HomeMy Public PortalAboutResolution 1396VILLAGE OF PLAINFIELD
RESOLUTION NO. 1396
ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING I
OBLIGATION BONDS, SERIES 2000, 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. 1396
RESOLUTION ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 2000, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
WHEREAS, there was ordained by the President and Baard of Trustees of Plainfield,
Illinois on August 22, 2000 Ordinance No. 1989 entitled "Supplemental Ordinance Providing
for the Issuance of $18,000,000 General Obligation Bands, 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 and interest on the
2000 Series bonds authorized by said Ordinance (s) as the same become due during the period for
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. 1989 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
2003 Tax Levy Year in the amount of $1,496,700.00 for series 2000 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 Bands when due during the period
for 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 Na.
19$9 Section 14, as it applies to Series 2000 Account.
Section 4: That immediately upon this Resalutian 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, lllinois, who
are hereby directed to abate said taxes for the 2003 tax Levy Year and not to extend the same for
collection.
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 FLAINFIELD.
I, KAREN IVLOW, the duly appointed and acting Village Treasurer of the Village of
Plainfield, Illinois, da herewith certify as follows:
1. That I am acquainted with the terms and provisions of Ordinance No. 19$9
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 and it's Waterworks and
Sewerage System.
2. That the assets in the Debt Service Fund created by said Ordinance (s) and the
Enterprise Fund, being the total operating revenues of the Waterworks and Sewerage System of
the Village (the "enterprise") (exclusive of the projected costs of operation and maintenance of
the Enterprise and not including depreciation), are available for the payment of debt service on
2000 Series Bonds authorized by said Ordinance(s) according to the ratio established by Section
] 4 of Ordinance No.1989.
3) That the assets in the Debt Service Fund created by said Ordinance contain
sufficient assets to pay debt service on the Bonds when due through and including January 1,
2004.
„~ IN WITNESS WHEREOF, I have hereunto set my hand this °~day of
( > 2004.
t..w..
VILLAGE TREASURER
STATE OF ILLINOIS )
SS.
COUNTY OF WILL )
I, NANCY SCHULTZ VOOTS, County Clerk of Will County, Illinois, do hereby certify that on
the ,?"`~ day of , 2004, there was filed in my office, Village of Plainfield
Certified copy of Resolution ~ abating $1,496,700.00 from 2003 Levy for the 2000 Series
General Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this ~ day of ~~~.
2004.
~J
V
NANCY SCH LTZ VOOTS
County Clerk of Will County, Illinois
STATE OF ILLINOIS )
SS.
COUNTY OF KENDALL )
I, PAUL ANDERSON, County Clerk of Kendall Caunty, Illinais, da hereby certify that on the
~_day of ;~ u , 2004, there was filed in my office, Village of Plainfield Certified
copy of Resolution /3 ~ abating $1,496,700.00 from 2003 Levy for the 2000 Series General
Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this J day of ~- ~ ,
2004.
PAUL ANDERSON
County Clerk of Kendall County, Illinois