HomeMy Public PortalAboutResolution 1764 FILED
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WILL C9tI L _
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VILLAGE OF PLAINFIELD
RESOLUTION NO. 1764
A RESOLUTION ABATING THE 2018 TAX LEVIES FOR THE GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2010, OF THE VILLAGE OF
PLAINFIELD.
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 18TH DAY OF DECEMBER, 2018.
RESOLUTION NO. 1764
RESOLUTION ABATING THE 2018 TAX LEVIES FOR THE GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2010, OF THE VILLAGE
OF PLAINFIELD,ILLINOIS.
WHEREAS, there was ordained by the President and Board of Trustees of Plainfield,
Illinois on September 20, 2010 Ordinance No. 2954 entitled "Ordinance Authorizing the
Issuance of Not to Exceed $10,090,000 General Obligation Refunding Bonds, Series 2010 of the
Village of Plainfield,Illinois"; and
WHEREAS, pursuant to the Ordinance, the Village has heretofore issued $9,280,000
General Obligation Refunding Bonds Series 2010, dated October 28, 2010 (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 2010 Debt Service Fund described in
Section 15 of Ordinance No. 2954 and accompanying Bond Order to pay the principal of and
interest on the 2010 Bonds authorized by said Ordinance as the same becomes due during the
period for which the 2018 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 2018 under said Ordinance No. 2954 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 $981,000 tax levy for the 2010 Bond Series provided in
Ordinance No. 2954 and accompanying Bond Order be abated in full.
Section 3. That the Series 2010 Revenue Source is sufficient to pay the principal and
interest on the 2010 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 2010 Bonds in
compliance with Section 12(D) of Ordinance No. 2954, as it applies to the 2010 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 2018 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 17th day of December, 2018 by a roll call vote as follows:
AYES: O'Rourke, Wojowski, Bonuchi, Lamb, Larson,Newton
NAYS: None
ABSENT: None
Village Clerk
Approve•/December 17, 2018 Attest:
lir
001/ ,r
Vi ,age President Village Clerk
(Seal)
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CERTIFICATE REGARDING THE SUFFICIENCY OF FUNDS AVAILABLE TO PAY THE
PRINCIPAL AND INTEREST WHEN DUE ON THE GENERAL OBLIGATION BONDS,
SERIES 2010,OF THE VILLAGE OF PLAINFIELD,ILLINOIS.
I, KAREN Ivj,oW, the duly appointed and acting Village Treasurer of the Village of
Plainfield, Illinois, do herewith certify as follows:
1. That 1 am acquainted with the terms and provisions of Ordinance No. 2954
adopted by the President and Board of Trustees of the Village of Plainfield on September 20,
2010 and that I have knowledge of the fmancial records of the Village.
2. That the assets in the 2010 Debt Service Fund created by said Ordinance, are
available for the payment of debt service on the 2010 Bonds authorized by said Ordinance.
3. That the assets in the 2010 Debt Service Fund created by said Ordinance contain
sufficient assets to pay debt service on the Bonds when due through and including December 31,
2019.
IN WITNESS WHEREOF, I have hereunto set my hand this 17th day of December, 2018.
4 . _'i -att.�.
Village T easurer
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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. 1764, A resolution abating the 2018 tax levy for the General Obligation
Refunding Bonds, Series 2010, of the Village of Plainfield, Illinois, adopted and approved at a
meeting of the President and Board of Trustees held on December 17, 2018; 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 17th day of December 2018.
MICHELLE GIBAS, Village Clerk
SEAL