HomeMy Public PortalAboutResolution 1282RESOLUTION NO.7- 2 ~ 2
RESOLUTION ABATING THE 2000 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 1999B, OF THE VII.LAGE 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 $5,600,000 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 2000 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 2000 under said Ordinance No. 1895 be abated.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF PLAiNF1ELD, WILL COUNTY, 1LLINOIS, 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 2000 Tax Levy Year in the amount of $456,347.50 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, 2001) 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 Clerk of Will County, Illinois, who is hereby directed
to abate said taxes for the 2000 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 2 6th day of February, 2001 by a roll call vote as follows:
AYES: ~~labrese NAYS: 0
erry
Collins
Rathbun
Smolich ~ ~
VILLAGE CLERK
APPROVED: February 26, 2001 ATTEST:
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VILA E P NT VILLAGE CLERK
(SEAL) ~'
STATE OF ILLINOIS )
SS.
COUNTY OF WILL )
I, JAN GOULD, County Clerk of Will County, Illinais, do hereby certify that on the 2--7 day of
,..t~,Qr , , 2001, there was filed in my office, Village of Plainfield Certified copy of
Resolution l~.~abating $456,347.50 from 2000 Levy for the 1999B Series General Obligation
Bonds.
Given under my hand and the Seal of Will County, Illinois, this `~-`day of '~'~ ,
200 .
J COULD
County Clerk of Will County, Illinois
CERTIFICATE REGARDING THE SUFFICIENCY OF
FUNDS AVAILABLE TO PAY THE PRINCIPAL
AND 1NTEREST 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, da herewith certify as follows:
That I am acquainted with the terms and provisions of Ordinance No. 1895
adopted by the President and Boazd of Trustees of the Village of Plainfield an November 15,
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), aze 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. 1895.
3) That the assets in the Debt Service Fund and the Enterprise Fund created by said
Ordinance contain sufficient assets to pay debt service on the Bonds when due through and
including 7anuary 1, 2001.
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IN WITNESS WHEREOF, I have hereunto set my hand this z~ day of
rte.
r ~~ v ~ ~ , 2001.
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VII. AGE T AS R
STATE OF ILLINOIS )
)SS.
COUNTY OF WILL )
I, Susan Janik, duly appointed Village Clerk of the Village ofPlainfield, Will County, Illinois,
do hereby certify that the above and foregoing is true and correct copy of Resolution No.~ ~~ ~ ~- , A
resolution abating the 2000 Tax Levies fvr the General Refunding Obligation Bonds, Series 1999B, of
the Village ofPlainfield, Illinois, adopted and approved at a meeting of the President and Board of
Trustees held on February 26, 2001; and the original Resolution is now on file in xny office.
IN WITNESS WHEREOF, I have~hereunto set my hand as Village Clerk and attached the
seal of said Village this day of ~~ ,~v~% ,..x. 001.
.c _ ~ ~
SUSAN JANIK, AGE CLERK
SEAL