HomeMy WebLinkAboutOrdinances - 22-79 - 12/19/2022 - Abating $3,300,000 GOBCITY OF MCHENRY
MCHENRY COUNTY
STATE OF ILLINOIS
Ordinance 22-79
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR THE
2022 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 19, 2022
Published in pamphlet form by authority of the Mayor and City Council of the City
of McHenry, McHenry County, Illinois this 20t" day of December 2022
ORDINANCE NO. 22-79
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE
TAXES LEVIED FOR THE 2022 TAX LEVY YEAR PURSUANT TO AN
ORDINANCEADOPTED BYTHE CITY COUNCILOFTHECITY OF MCHENRY,
ILLINOIS, ON OCTOBER S. 2020, PROVIDING FORTHE ISSUANCEOF NOT
TO EXCEED $3,300,000 GENERAL OBLIGATION REFUNDING BONDS
SERIES 2020A OFTHE CITYOF MCHENRY, ILLINOIS,TO REFUNDCERTAIN
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
Bondsand providingforthe levyand collection of a direct annual tax forthe paymentofthe principal of
and interest on said bonds.
WHEREAS, the Series 2020A Bonds are payable from, and are secured bya pledge of, any of the
City's funds that are legally available for such purpose; and
WHEREAS, pursuanttothe aforesaid Supplemental Ordinance a directtax has been levied forthe
2022 Tax LevyYearin the amountof$378,600.00 forthe paymentof the principal and interestdue in the
year 2023 on the Series 2020A Bonds authorized by said ordinance; and
WHEREAS, the City's fundsthatare legally available which have been pledgedforthe paymentof
the principal and interest on the Series 2020A Bonds otherwise payable from such levy for the 2022 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 2022 pursuant to said Ordinance shall be abated.
NOW THEREFORE, BE IT ORDAINED BY THECITY COUNCILOFTHE CITY OF MCHENRY, MCHENRY
COUNTY, ILLINOISA as follows:
SECTION 1. All real estate taxes authorized to be levied for the 2022 Tax Levy Year pursuant to
the ordinance adopted by the City Council of the City of McHenry, Illinois on October 5, 2020, providing
forthe issuance of notto 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 forthe 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 afterthe 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 pamphletform by and underthe authority ofthe
Corporate Authorities of the City of McHenry, Illinois.
SECTION 5. This ordinance shall be in full force and effect immediatelyfrom and after its passage,
approval and publication, as provided by law.
Passed and approved this 19th day of December, 2022.
Ayes Nays Absent Abstain
Alderman Devine k
Alderman Glab X
Alderman Harding X
Alderman McClatchey X
Alderwoman Miller �l
Alderman Santi x
lderman Strach
A
Trisha Ramel, City Clerk
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 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 215t day of November, 2022, the foregoing ordinance entitled AN
ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR THE 2022 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 passed by the City Council of the City of McHenry.
The pamphlet form of Ordinance No. 22-79, 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 20th day of December 2022, 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 20th day of December, 2022.
Monte Johnson, Deputy City Clerk
City of McHenry
McHenry County, Illinois
(seal)