HomeMy WebLinkAboutOrdinances - 20-54 - 12/21/2020 - Abatement of Taxes - Series 2020A CITY OF MCHENRY
MCHENRY COUNTY
STATE OF ILLINOIS
Ordinance 20-54
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL
ESTATE TAXES LEVIED FOR THE 2020 TAX LEVY YEAR
PURSUANT TO AN ORDINANCE ADOPTED BY THE CITY
COUNCIL OF THE CITY OF MCHENRY, ILLINOIS, ON OCTOBER 5,
2020, PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED
$3,300,000 GENERAL OBLIGATION REFUNDING BONDS SERIES
2020A OF THE CITY OF MCHENRY, ILLINOIS,TO REFUND
CERTAIN OUTSTANDING GENERAL OBLIGATION BONDS AND
PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT
ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND
INTEREST ON SAID BONDS.
Passed by the
Mayor and City Council
Of the
City of McHenry
McHenry County
State of Illinois
December 21, 2020
Published in pamphlet form by authority of the Mayor and City Council of the City
of McHenry, McHenry County, Illinois this 2211 day of December, 2020.
ORDINANCE NO. 20-54
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE
TAXES LEVIED FOR THE 2020 TAX LEVY YEAR PURSUANT TO AN
ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF
MCHENRY, ILLINOIS, ON OCTOBER 5, 2020, PROVIDING FOR THE
ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL OBLIGATION
REFUNDING BONDS SERIES 2020A OF THE CITY OF MCHENRY, ILLINOIS,
TO REFUND CERTAIN OUTSTANDING GENERAL OBLIGATION BONDS
AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT
ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
ON SAID BONDS.
WHEREAS, an ordinance was adopted by the City Council of the City of McHenry, Illinois on
October 5, 2020 providing for the issuance of not to exceed $3,300,000 General Obligation Refunding
Bonds, Series 2020A of the City of McHenry, Illinois, to refund certain outstanding General Obligation
Bonds and providing for the levy and collection of a direct annual tax for the payment of the principal of
and interest on said bonds.
WHEREAS, the Series 2020A Bonds are payable from, and are secured by a pledge of, any of the
City's funds that are legally available for such purpose; and
WHEREAS, pursuant to the aforesaid Supplemental Ordinance a direct tax has been levied for
the 2020 Tax Levy Year in the amount of$368,958.33 for the payment of the principal and interest due
in the year 2021 on the Series 2020A Bonds authorized by said ordinance; and
WHEREAS, the City's funds that are legally available which have been pledged for the payment
of the principal and interest on the Series 2020A Bonds otherwise payable from such levy for the 2020
Tax Levy Year are on deposit in the Series 2020A Project Fund and it is therefore the determination of
the Corporate Authorities of the City of McHenry, Illinois that the real estate taxed levied for the Tax
Levy Year 2020 pursuant to said Ordinance shall be abated.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MCHENRY,
MCHENRY COUNTY, ILLINOIS, as follows:
SECTION 1. All real estate taxes authorized to be levied for the 2020 Tax Levy Year pursuant to
the ordinance adopted by the City Council of the City of McHenry, Illinois on October 5, 2020, providing
for the issuance of not to exceed $3,300,000 General Obligation Refunding Bonds Series 2020A of the
City of McHenry, Illinois, to refund certain outstanding general obligation bonds and providing for the
levy and collection of a direct annual tax for the payment of the principal of and interest on said bonds;
be and they are hereby abated in the amount of 100%thereof.
SECTION 2. The City Clerk shall file a certified copy of this Ordinance in the Offices of the Clerk
of the County of McHenry, Illinois after the effective date of this ordinance.
SECTION 3. All ordinances or parts thereof in conflict with the terms and provisions hereof be
and the same hereby repealed to the extent of such conflict.
SECTION 4. This ordinance shall be published in pamphlet form by and under the authority of
the Corporate Authorities of the City of McHenry, Illinois.
SECTION S. This ordinance shall be in full force and effect immediately from and after its
passage, approval and publication, as provided by law.
Passed and approved this 21'day of December, 2020.
Alderman Devine Aye,+.s Nays Absent Abstain
Alderman Glab '-
Alderman Harding
Alderman Mihevc ,r
Alderwoman Miller -�
Alderman Santi .+-
Alderman Schaefer
W a y n J/t, � Trisha Ramel, City Clerk
STATE OF ILLINOIS )
COUNTY OF MCHENRY )
CERTIFICATION
I, Monte Johnson, do hereby certify that I am the duly appointed, acting and qualified
Deputy City Clerk of the City of McHenry,McHenry County, Illinois, and that as such City Clerk,
I am the keeper of the records and minutes and proceedings of the Mayor and Aldermen of said
City of McHenry.
I do hereby further certify that at a regular meeting of the Mayor and Aldermen of the City
of McHenry, held on the 21 st day of December, 2020, the foregoing document titled "AN
ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR THE 2020 TAX LEVY
YEAR PURSUANT TO AN ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF MCHENRY, ILLINOIS,
ON OCTOBER 5, 2020, PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $3,300,000 GENERAL
OBLIGATION REFUNDING BONDS SERIES 2020A OF THE CITY OF MCHENRY, ILLINOIS, TO REFUND CERTAIN
OUTSTANDING GENERAL OBLIGATION BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF A
DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS"was duly
adopted by the City Council of the City of McHenry.
The pamphlet form of Ordinance 20-54, including the Ordinance and a cover sheet thereof,
was prepared, and a copy of such Ordinance was posted in the City Hall, commencing on the 22"d
day of December,2020,and will continue for at least 10 days thereafter. Copies of such Ordinance
are also available for public inspection upon request in the office of the City Clerk.
I do further certify that the original, of which the attached is a true and correct copy, is
entrusted to me as the Clerk of said City for safekeeping, and that I am the lawful custodian and
keeper of the same.
GIVEN under my hand and seal this 22nd day of December, 2020.
irk a
Monte Johnson, . eputy City Clerk
City of McHenry,
McHenry County, Illinois
(SEAL)