HomeMy Public PortalAboutResolution 1395VILLAGE OF PLAINFIELD
RESOLUTION NO. 1395
ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING ~
OBLIGATION BONDS, SERIES 1999B, 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. ,1395
RESOLUTION ABATING THE 2003 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 19998, 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 199A and $5,400,000 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 an 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 became 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 Na. 1$95 be abated.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL COUNTY, ILLINOIS, AS
FOLLOWS:
reprinted.
Section 1: That the preamble hereto is herewith reinstated as though fully
Section 2: That the levy set Earth in Ordinance No. 1895 Section 12 (B) for
the 2003 Tax Levy Year in the amount of $458,042.50 for series 1999E 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, 2004) are herewith pledge to said
payments of principal and interest and the Debt Service Funds in compliance with Ordinance No.
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 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.
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 19th day of January, 2004 by a roll call vote as follows:
AYES: 6 NAYS: 0
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VILLAGE CLERK
APPROVED:1/19/04
ILL G P SIDENT
ATTEST:
~;
VIL AGE CLERK - ~ ,
(SEAL)
CERTIFICATE REGARDING THE SUFFICIENCY OF
FUNDS AVAILABLE TO PAY THE PRINCIPAL
AND INTEREST WHEN DUE ON
THE GENERAL REFUNDING OBLIGATION BONDS, SERIES
1999B, 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. 1895
adopted by the President and Board of Trustees of the Village of Plainfield on November I S,
1999 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
1999 Series B Bonds authorized by said Ordinance(s) according to the ratio established by
Section 18 of Ordinance No.189S.
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.
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VILLAGE TR ASURER
STATE OF ILLINOIS )
SS.
COUNTY OF WILL )
I, NANCY SCHU'LTZ VOOTS, County Clerk of Will County, Illinais, do hereby certify that on
the ~ri°r day of -~... ~ , 2004, there was Bled in my office, Village of Plainfield
Certified copy of Resolution ~,5 abating $458,042.50 from 2003 Levy for the 1999 Series B
General Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this ~~~fday of ~fz~ ,
2004.
N NCY SCHULTZ VOOTS
County Clerk of Will Caunty, Illinais
STATE OF' ILLINOIS )
SS.
COUNTY OF KENDALL )
I, PAUL ANDERSON, County Clerk of Kendall County, Illinois, do hereby certify that on the
day of ~~,q,Qy , 2004, there was filed in my office, Village of Plainfield Certified
copy of Resolution /3 abating $458,042.50 from. 2003 Levy far the 1999 Series B General
Obligation Bonds.
Given under my hand and the Seal of Will County, Illinois, this ~ day of e br ,
2004.
PAUL ANDERSON
County Clerk of Kendall County, Illinois