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Home My Public Portal AboutResolution 1698 • F L _.- 15 JAN -? PM 2X40 NANCY TY CLERK TZ OTS WILL COUNTY. ILLINOIS VILLAGE OF PLAINFIELD RESOLUTION NO. 1698 A RESOLUTION ABATING THE 2014 TAX LEVY FOR THE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2005B. PUBLISHED IN PAMPHLET FORM BY THE AUTHORITY OF THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, WILL AND KENDALL COUNTIES, ILLINOIS, THIS 6TH DAY OF JANUARY, 2015 &TSE t4 I L.0 IS WRY if iF1!L - FILED - RESOLUTION NO. 1698 JAN 0 2 2014 COM CLERK RESOLUTION ABATING THE 2014 TAX LEVIES FOR 1t GlA<RAL au ooukrrr OBLIGATION REFUNDING BONDS, SERIES 2005B, OF THE VILLAGE OF PLAINFIELD,ILLINOIS. WHEREAS, there was ordained by the President and Board of Trustees of Plainfield, Illinois on May 16, 2005 Ordinance No. 2482 entitled "Ordinance Authorizing the Issuance of General Obligation Bonds, Series 2005A and General Obligation Refunding Bonds, Series 2005B, of the Village of Plainfield, Illinois"; and WHEREAS, pursuant to the Ordinance, the Village has heretofore issued $5,610,000 General Obligation Refunding Bonds Series 2005B, dated June 1, 2005 (the "Bonds"), and has filed in the offices of the County Clerks of Will and Kendall Counties, Illinois, a Bond Order for the levy of taxes to pay the Bonds; and WHEREAS, the Village Treasurer has certified to the Board of Trustees that there are sufficient funds on hand to meet the requirements of the 2005B Debt Service Fund described in Section 18 of Ordinance No. 2482 and accompanying Bond Order to pay the principal of and interest on the 2005B Bonds authorized by said Ordinance as the same becomes due during the period for which the 2014 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 2013 under said Ordinance No. 2482 and in the accompanying Bond Order be abated in full. 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 herein. Section 2. That the $1,221,875 tax levy for the 2005B Bond Series provided i n Ordinance No. 2482 and accompanying Bond Order be abated in full. Section 3. That the Series 2005B Revenue Source is sufficient to pay the principal and interest on the 2005B Bonds when due during the period for which the taxes are abated hereunder and is herewith pledged to said payments of principal and interest on the 2005B Bonds in compliance with Section 14(F) of Ordinance No. 2482, as it applies to the 2005B Debt Service Fund. 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 2014 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 5th day of January, 2015 by a roll call vote as follows: AYES: Bonuchi, Fay, Lamb, Peck, Racich NAYS: None ABSENT: None ( .- Village Clerk Approved: January 5, 2015 Attest: AL 14 al Vill a President Village Clerk (Seal) -2- • • CERTIFICATE REGARDING THE SUFFICIENCY OF FUNDS AVAILABLE TO PAY THE PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION REFUNDING BONDS,SERIES 2005B,OF THE VILLAGE OF PLAINFIELD,ILLINOIS. I, KAREN IVLOW, 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. 2482 adopted by the President and Board of Trustees of the Village of Plainfield on May 16, 2005 and that I have knowledge of the financial records of the Village. 2. That the assets in the 2005B Debt Service Fund created by said Ordinance, are available for the payment of debt service on the 2005B Bonds authorized by said Ordinance according to the ratio established by Section 11 of Ordinance No. 2482. 3. That the assets in the 2005B Debt Service Fund created by said Ordinance contain sufficient assets to pay debt service on the Bonds when due through and including December 31, 2015. IN WITNESS WHEREOF, I have hereunto set my hand this day of , 2015. r, Vil age Tre.surer -3- STATE OF ILLINOIS ) ) SS. COUNTY OF WILL ) I, MICHELLE GIBAS, duly appointed Village Clerk of the Village of Plainfield, Will and Kendall Counties, Illinois, do hereby certify that the above and foregoing is true and correct copy of Resolution No. 1698, A resolution abating in full the 2014 tax levy for the General Obligation Refunding Bonds, Series 2005B, of the Village of Plainfield, Illinois, adopted and approved at a meeting of the President and Board of Trustees held on January 5, 2015; and the original Resolution is now on file in my office. IN WITNESS WHEREOF, I have hereunto set my hand as Village Clerk and attached the seal of said Village this 5th day of January, 2015. 1.4.6) MICHELLE GIBAS, Village Clerk SEAL