HomeMy Public PortalAboutResolution 1107
VILLAGE OF PLAIN'FIELD
RESOLUTION N0. 1107
RESOLUTION ABATING THE 1994 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 1993B, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
VILLAGE OF PLAINFIELD
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE
VILLAGE OF PLAINFIELD
THIS 17TH DAY OF APRIL, 1995
PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL COUNTY,
ILLINOIS THIS 18TH DAY OF APRIL 1995.
RESOLUTION NO. 1107
RESOLUTION ABATING THE 1994 TAX LEVIES FOR THE GENERAL REFUNDING
OBLIGATION BONDS, SERIES 1993B, OF THE VILLAGE OF PLAINFIELD,
ILLINOIS.
WHEREAS, there was ordained by the President and Berard of
Trustees of Plainfield, Illinois on March 29, 7.993 Ordinance No.
7.503 entitled "Ordinance Authorizing the Issuance of $1,909,000.00
General Obligation Refunding Bonds, Series 7.993A, and $2, 07.0, 000.00
General Obligation Refunding bonds, Series 1993B, 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 17 of Ordinance No. 1503 to pay the principal of and
interest on the 1993B Series bonds authorized by said Ordinance (s)
as the same became due during the period for which the 1994 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 1994 under said
Ordinance No. 1503 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.
1503 Section 13 (B) for the 1994 Tax Levy Year in the amount of
$7.99,419.50 for series 1993B Bands is herewith abated.
Section 3: That operating revenue of the waterworks,
and sewerage system of the V~.llage suff~.cient to pay the principal
and interest on the Bonds when due during the period for which the
taxes are abated hereunder (through January 1, 1995) are herewith
pledge to said payments of principle and interest and the Debt
Serrvice Funds in compliance with Ordinance No. 1503 Section 17, as
it applies to Series 1993B 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 1994
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 pamph~.et form and to file
copies thereof for public inspection in her office.
This Ordinance shall become effective i.n the manner
provided by law.
ADOPTED this 17th day of April, 1995 by a roll call vote
as fellows:
AYES : Dement; Heimerdinger; Lambert;
Rock; O'Connell.
APPROVED : April 17 , 1995
L GE PRESIDENT
NAYS : 0
,~~
VILLAGE CLE
ATTEST:
_~
P, / _ ..
ILLAGE CLER
v --
(SEAL)
. r
STATE OF ILLINOIS -
ss.
COUNTY OI= WILL 1
I, JAN GOULD, County Clerk of Will County, Illinois, do hereby certify that on the
~~ day of ~ , 1995, there was filed in my office, Village of Plainfield. 1)
Certified copy of Resolution /o abating $199,419.50 from 1994 Levy for the
19938 Series General Obligation Bonds.
Given under my hand and the Seal
1995.
~~.
JAN GOULD
County Clerk of Will County, Illinois
of Will County, Illinois, this ~~ --day of
~ '
.. ;~. :, r
} .o .t ru a ,'~~<, , CJ o
J w x • • • r • • ~
.+ n o a a v+ .r r~ .. r.
t NCN
W D V..i
V'~ A
~F
~ -.
-0 ~ ~
: '.M1
'. N.1 n
.p Nk.
1+
~' V' P J = r • • r
~ d ~~ rr. Q u1 M r y -0
l w ,'
~• '
~~Qr~
.
~. .
. ~ .,
d
d
N ~1 I
,3
~
1
,~
.o .
?
a i
~i ~! •
. .I
t '.'~ ~ ~
x
w
a
ti ~
a
~
~
.+ W
~
~~ ~ Cf ~ N Al
i ,
j J ~C~ .
4 . • ~O
3
H iA • ~
~;~~y • w
u~: ~' ' te 'r
~ ~ c ~' ~ ~' m rrf
u
~~ G • .
r
• r
vt
•
•~ q
• 40
•'
d:.
~rw~r. N W
x
~ ~ e
.r n
' rv. r
m
~ ~ .y
ti (+.' .
R~~
YY
~
~
a, ~ N ~ :...~ .~:~. ... ~ u, t ~ •rS
T
5~:.rr~ .~~;~' ~
~~ ~~,~ ~rE erg Yk; r~~
i
Z ti,.
' a•
n ~»~i-iN"r ngx.My
•S.
'~:.,~'
r-0r w` .
. ,.
i+l ..t • '
in r....
~/"~ N
• ~ '
.O !M ."
N 1w ,' 4.
;;
~ a~..
°
N
S.
^v W f S,•..
~
}
~
r' ~
: ~
'~
a tl.
.' •
M w P
• b
~y
N
ny ~.
,~~,,rr~~''~~ i~(#~
~nf"~.
~ n-0j ~ rr Lei
~
f
sr•
J ~ P M q IA O d
, ~': -0 .~p~N •
~ mNN M1 np l ~ Ir .F .. .Q q+:
. d. n 1V ..w~
~aa .
J nVa M .~
m~ + s .
Ors o••
p~ ~ • .
Nm z~N v.. ~.~.
w
m
Jri~O
n.n YQ
~ •!+
Q
~~`
'
C w t w p •~ •y~ •N ~m f~ •07% .
,~
•r. ..•~ .~r •~ ~.
,,
JlV
U IY~T r+1 J w N rn d = ,, u~ ~+~^ / , f : ; ~o d « ~ .1.* q r+l N ~n r+~+1
rw H O r+ • n p
~
F tT p
r C 0~ O r+ ~
~~ O r ~' ZX Q~' tl rn ~~
.
~
e ~ P
o{ P K ~N ~n p p.r
,
fy
. 1+.In
J~ .• ' -0N Ml
+•m,
~
.
t ,'~?h,.~ ~. 2 ,u h ~ ,
.
,
~ Ly ~~ ~ y i~ .~: ~.
4 ~
.7 ' ~. ,r y ,~ +~~,
~"
~
i -J ..f
. w
I .,J ~+S O W lti
N ~7 N
.d ~A ~
' ~0'~ ~~A d t~, ~
ry .r r+1 "f. r
n ,r .
M'.O' V~ .I~
• ~O W .,Qw"•
S"~ C9 ~i
I
mi
~ ~
~
!
~ ~ .
l,
~ W ~ • N • Ir1 • • •:. t•-1f~' .r •
rt O r N • p i „~
4.~K W jb n w w ;, ~ w ~~ !~~ w ,,,
I ~ ~ ~ p' "
~ O
, ~ d ~.° f1
.,
~ IOC
I r N
• O ~
.. ~.
r X 7' a
.~ ~'
~ 4 '
~
, ,
~w~, ~"k, r.
~~,la~t
o ~ ~ ~
: ~
r a a v; n
;
o ,a o r.!
o ,~ o .r w
w ~ I v~ q o ~y4.v v+ M1 ,o t"ti
,'{
.. ~ • N ,r ~ ... .r d N ~ ~
~
N d • fA rv m
~
~ ',
O
~ ~ ~ ~ ~
~ }f. ~
~
L7 0. G. d 0. < ;
rA d a..f''
"" ~ V1 fi U U W L1 X4;1'' u
Z CN
r Z R H
~ a
' =
- ~
~
~ 'n
J~
~~ w
~.. '~~1
1 .; .
' V
1
Z ~
: ,'
-ti 0
ti i~
H i ~
~ ~
~ A~
d ~-0/,
<
~
p
,;tip.
_
z
' .
.
:;
a
, d
o
~wu
-w~.r t
~
w e>c ~ ,
J e.y~. ~
w ~R.~ ~'~ ~
~
' r
"' r ,
~ w
J \
.~ ~ w,..,
Or: C.a~ .a y '44
J ~ ~
'
o ; a
k
..! .~ ,~
,
=
,. Ca , O
~ ~ v ~ q b ~..
R
~
~^ u. •A i~.• u+ w n .~
p
r•+ ~ : ~ n ~ n
-.,
.,
Yy
~ ~.
:r r
~,~~ '~~ it
..u;`;
~. A,
~; ,
'r ..
9y ,t`.
II~F,`, ~, ,.
~(.
.. ' 'p~
,:j,' m
t
^ ~~q
M ' `l.
~1'f ..i
~;~;:.
~ .~
>~ ~.
T~,g a }..
'~• T 3
tiw;`<~
1
c ,'sad.
;~•
~,
~~ .•
i\ " ~
l µ. ~.
^~ :'
`.:
K~y~
~.; ~?
~.
n~ ,
~D-'f\f
~, v
,w
"~ a.
t~ ,
M,. ,.
'~~i
,aY
a tG ?.,
c •'
k YY n
v , r- .,.
~ ~,~ . ,
A~;
~~
.'.}. x
' ~R
~+.
.+~ ~
r ,~ j
~ ~
i k
r
s' ~~~
ta. ~••` x
,~a
~~ r . ' ~'F .l ~..
~, fn
i
~ .+
II
•r
~d~
~v.
k
~. ~ tY.
~ i
be„
~ 'A
m~~P '':.
' r.
~~a
~' A
~, ,.
~. `~
~~ ~
. ~'~~
~i
rnn ¢j
66AF nt! 5TR ~F':~ A~ ~ST .1H.L S6~'fT F0
7~i
A~. ~.
t~ ~~{
i'L ~s~`: a
~ 3,,
.'
~ ,~
CERTIFICATE REGARDING THE SUFFICIENCY OF
FUNDS AVAILABLE TO PAY THE PRINCIPAL
AND INTEREST WHEN DUE ON
THE GENERAL REFUNDING OBLIGATION BONDS, SERIES
19938, OF THE VILLAGE OF PLAINFIELD.
(, DONALD R. NISWONGER, the duly appointed and acting Village Treasurer of
the Village of Plainfield, Illinois, do herewith certify as follows:
1. That I am acquainted with the terms and provisions of Ordinance No.
1503 adopted by the President and Board of Trustees of the Village of Plainfield on
March 29, 1993 and that I have knowledge of the financial records of the Village and
its 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 casts
of operation and maintenance of the Enterprise and not including depreciation), are
available for the payment of debt service on 1993 Series 6. Bonds authorized by said
Ordinance(s) according to the ratio established by Section 17 of Ordinance No. 1503.
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 January 1, 1996.
IN WITNESS WHEREOF, I have hereunto set my hand this /~ day of
,-,-~ ~_, 1995.
_ ,
Sohn E. Peterson
PRESIDENT
TRUSTEES
VILLAGE OF PLAINFIELD
WILL COUNTY'S OLDEST COMMUNITY
Jeffrey Dement
Jack Heimerdinger
Lawrence Kelly
Michael Lambert
Joseph Ray
Richard Rock
Susan Janik
VILLAGE CLERK
TO: JOHN E. PETERSON, VILLAGE PRESIDENT
BOARD OF TRUSTEES ~~~-
FROM: DAVID P. VAN VOOREN, VILLAGE ADMINISTRATOR
DATE: APRIL 12, 1995
RE: ABATEMENT OF ALTERNATE REVENUE BONDS
BACKGROUND:
Since the issuance of the 1989 General Obligation "alternate revenue" Bonds,
the Village Board has abated the tax levy required to pay the annual principle and
interest due. Said payment of principle and interest has been funded from the
Revenues generated by the operation of the water and sewer fund. Again, this year,
Staff is preparing to abate the taxes on said Bonds by means of including the debt
expenses in the 1995-9fi Water/Sewer Budget. However, this year is slightly different
due to the refinancing of the 1989 Bonds in March of 1993 there now exists one Band
issues that require abatement entitled General Refunding Obligation Bonds.
Therefore, the attached Resolution will abate all of the 19936 Bond issue which
totals 5199,419.50. Upon adoption of the attached Resolution there will be no
property taxes levy far the 19938 Bond issue.
RECOMMENDATION:
Staff recommends the adoption of the Resolution entitled "Resolution abating
the 1994 Tax Levies for the General Refunding Obligation Bonds, Series 19936, of the
Village of Plainfield, Illinois".
1400 NORTH DIVISION STREET • PLAINFIELD, ILLINOIS 60544 • (815) 436-7093 • Fax (815) 436-1950