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Home My Public Portal AboutResolution 17972020 DEC I I PH 1: 38 E L C WILL VILLAGE OF PLAINFIELD RESOLUTION NO. 1797 A RESOLUTION ABATING THE 2020 TAX LEVIES FOR THE GENERAL OBLIGATION REFUNDING BONDS SERIES 2020 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 8TH DAY OF DECEMBER, 2020. STATE OF ILLINO+° COUNTY OF KENDA.' FILED DEC 11 209 9 COL' RESOLUTION NO. 1797 RESOLUTION ABATING THE 2020 TAX LEVY FOR THE GENERAL OBLIGATION REFUNDING BONDS, SERIES 2020, OF THE VILLAGE OF PLAINFIELD, ILLINOIS. WHEREAS, there was ordained by the President and Board of Trustees of Plainfield, Illinois on April 6, 2020 Ordinance No. 3456 entitled "Ordinance Authorizing the Issuance of Not to Exceed $2,900,000 General Obligation Refunding Bonds, Series 2020 of the Village of Plainfield, Illinois"; and WHEREAS, pursuant to the Ordinance, the Village has heretofore issued $2,790,000 General Obligation Refunding Bonds Series 2020, dated September 22, 2020 (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 2020 Debt Service Fund described in Section 15 of Ordinance No. 3456 and accompanying Bond Order to pay the principal of and interest on the 2020 Bonds authorized by said Ordinance as the same becomes due during the period for which the 2020 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 2020 under said Ordinance No. 3456 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 AND KENDALL COUNTIES, ILLINOIS, AS FOLLOWS: Section 1. That the preamble hereto is herewith reinstated as though fully reprinted herein. Section 2. That the $935,750 tax levy for the 2020 Bond Series provided in Ordinance No. 3456 and accompanying Bond Order be abated in full. Section 3. That the Series 2020 Revenue Source is sufficient to pay the principal and interest on the 2020 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 2020 Bonds in compliance with Section 12(D) of Ordinance No. 3456, as it applies to the 2020 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 2020 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. ADOPTED this 7th day of December, 2020 by a roll call vote as follows: AYES: Benton, Bonuchi, Calkins, Kalkanis, Larson, Wojowski NAYS: None Approved: December 7, 2020 eZ,4" Villat'e President Village Clerk Attest: 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 2020, 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. 3456 adopted by the President and Board of Trustees of the Village of Plainfield on April 6, 2020 and that I have knowledge of the financial records of the Village. 2. That the assets in the 2020 Debt Service Fund created by said Ordinance, are available for the payment of debt service on the 2020 Bonds authorized by said Ordinance. 3. That the assets in the 2020 Debt Service Fund created by said Ordinance contain sufficient assets to pay debt service on the Bonds when due through and including December 31, 2021. IN WITNESS WHEREOF, I have hereunto set my hand this 7th day of December, 2020. Villag: Treasurer -3- STATE OF ILLINOIS 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. 1797, A resolution abating the 2020 tax levy for the General Obligation Refunding Bonds, Series 2020, of the Village of Plainfield, Illinois, adopted and approved at a meeting of the President and Board of Trustees held on December 7, 2020; 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 7th day of December. 2020. SEAL MICHELLE GIBAS, Village Clerk " . .... I %e"