HomeMy WebLinkAboutResolutions - R-13-013 - 08/05/2013 - BlankIllinois Department
I Transportation
R-13 -01 3 Obligation Retirement Resolution
(County or Municipal)
A resolution providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds
WHEREAS, the Ci
(County or Municipality)
indebtedness described as follows:
$3.51 Million Taxable General Obli
of McHen
Bonds -Section 09-00072-00-GB
issue or paving district and municipal motor fuel tax section numbe
has outstanding
Bonds or
Public Benefit
Assessments
Number of
the Bonds or
Assessments
Interest
or
Principal
Date
Due
Amount
2010B
6/15/2013
$52,492.50
12/15/2013
$521492.50
2010B
2010B
$340,000.00
12/15/2013
and
WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retired with funds
allotted to the municipality under the Motor Fuel Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness is due, and
�b
WHEREAS, the McHenry City Council
(County Board, Council or President and Board of Trustees)
directed the Clerk of McHe
collectable in 2013
(year)
assessment projects.)
has, by resolution adopted 12/3/2012
County to cancel the 2012
(year)
tax levy (for taxes
which would have produced funds to pay this indebtedness. (Not applicable to special
NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of
hundred sixty seven and 68/ dollars ($
400,767.68
Four hundred thousand seven
from funds allotted to the county or municipality
under the Motor Fuel Tax Law for the payment of the above -described indebtedness, and
BE IT FURTHER RESOLVED, that the Clerk shall immediately transmit three (3) certified copies of this resolution to the
Regional Engineer, Department of Transportation,
Schaumburg ,Illinois.
Page 1 of 2 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 9/26/2013 10:24:42 AM
Janice C. Jones
Ci
(County or Municipal)
Clerk in and
for the C
(County or Municipality)
of McHen
the foregoing to be a true, perfect and complete copy of a resolution adopted by the
City Council at a meeting on August 5, 2013
(County Board, Council or President and Board of Trustees)
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this
of �9� _ �L A.D.
(Sealy
5�
hereby certify
day
Page 2 of 2 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 9/26/2013 10:24:42 AM
Illinois DepartmentCertification Cancellation
.y (t
Of Transportationof Tax Levy
STATE OF ILLINOIS
COUNTY OF McHenry
I, Katherine C Schultz Clerk of McHenry County, do hereby certify that the
2012 tax levy (for taxes collectible in
2013 ) for the payment of principal and interest on the followinq
described bond issue of the City of McHenry of
(Municipality or Road District)
qN, `g-i.W was cancelled and (was not / will not be) extended:
(In the following space, describe the bond issue -not the particular bonds and interest due.)
ORDINANCE NO. ORD-12-1612
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR THE 2012 TAX LEVY YEAR
PURSUANT TO AN ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF MCHENRY, ILLINOIS, ON
PROVIDING FOR THE ISSUANCE OF $3,510,000 GENERAL OBLIGATION BONDS, (MOTOR FUEL TAX ALTERNATE
REVENUE SOURCE), SERIES 2010B OF THE CITY OF MCHENRY, ILLINOIS.
(SEAL) Signed this day of -%
County Clerk
77
Page 1 of 1 IL 494-0289 BLR 15314 (Rev. 7/05)
Printed on 9/26/2013 10:25:06 AM _
Illinois Department of Transportation
Division of Highways/Region One ! District One
201 West Center Court/Schaumburg, Illinois 60196-1096
LOCAL ROADS AND STREETS
Motor Fuel Tax — Obligation Retirement Resolution
City of McHenry
Section No.: 09-00072-00-GB
McHenry County
November 4, 2013
Ms. Janice C. Jones
City Clerk
City of McHenry
333 South Green Street
McHenry, IL 60050
Dear Ms. Jones:
The Obligation Retirement Resolution adopted by the City Council on August 5,
2013, received on October 24, 2013, for the above -referenced section was
approved as of November 1, 2013.
This appropriates $.���s'�� l��r�of Motor Fuel Tax (MFT) Funds for the payment
of principal due on June 15, 2013, and principal and interest due on December
15, 2013.
The expenditure in the amount of $400,767.68 for the retirement of the
obligation from the City's Unobligated MFT Account is authorized.
Enclosed is one copy for your records. If you have any questions or need
additional information, please contact Charles Riddle, Program and Office
Engineer, at (847) 7054406 or via email at Charles. Riddle@illinois.gov.
Very truly yours,
John Fortmann, P.E.
Deputy Director of Highways,
Region One Engineer
By:
Christopher J. Holt, P.E.
Bureau Chief of Local Roads and Streets
Enclosure
cc: Carolyn Lynch, City Accountant w/encl.