HomeMy WebLinkAboutOrdinances - 23-67 - 12/18/2023 - Abate Taxes GOB $2,400,000 CITY OF MCHENRY
MCHENRY COUNTY
STATE OF ILLINOIS
Ordinance 23-67
AN ORDIIVANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE
TAXES LEVIED FOR THE 2023 TAX LEVY YEAR PURSUANT TO AN
ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF
MCHENRY, ILLINOIS, ON MARCH 18, 2013, PROVIDING FOR THE
ISSUANCI+� OF $2,400,000 GENERAL OBLIGATION (REFUNDING) BONDS
SERIES 2013 OF THE CITY OF MCHENRY, ILLINOIS, TO REFUND SERIES
2005 GENI+�RAL OBLIGATION BONDS AND ISSUE $415,000 FOR REPAIRS TO
THE PUBI.IC WORKS BUILDING AT 1415 INDUSTRIAL DRIVE.
Passed by the
Mayor and City Council
Of the
City of McHenry
McHenry County
State of Illinois
December 18, 2023
Published in pamphlet form by authority of the Mayor and City Council of the City
of McHenry, McHenry County, Illinois this 19th day of December 2023
ORDINANCE NO. 23-67
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE
TAXES LEVIED FOR THE 2023 TAX LEVY YEAR PURSUANT TO AN
ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF
MCHENRY, ILLINOIS, ON MARCH 18, 2013, PROVIDING FOR THE
ISSUANCE OF $2,400,000 GENERAL OBLIGATION (REFUNDING) BONDS
SERIES 2013 OF THE CITY OF MCHENRY, ILLINOIS, TO REFUND SERIES
2005 GENERAL OBLIGATION BONDS AND ISSUE$415,000 FOR REPAIRS
TO THE PUBLIC WORKS BUILDING AT 1415 INDUSTRIAL DRIVE.
WHEREAS, an ordinance was adopted by the City Council of the City of McHenry, Illinois on
March 18, 2013, providing for the issuance of$2,400,000 General Obligation (Refunding) Bonds, Series
2013 of the City of McHenry, Illinois, to refund Series 2005 General Obligation Bonds and issue $415,000
for repairs to the Public Works Building at 1415 Industrial Drive.
WHEREAS, the Series 2013 Bonds are payable from, and are secured by a pledge of, the City's
distributive share of sales and use taxes imposed by the State of Illinois and derived from transactions at
places of business located within the boundaries of the City, including monies paid by the State in
replacement of the City's distributive�hare of such taxes; and
WHEREAS, pursuant to the aforesaid Supplemental Ordinance a direct tax has been levied for
the 2023 Tax Levy Year in the amount of$37,887.50 for the payment of the principal and interest due in
the year 2024 on the Series 2013 Bonds authorized by said ordinance; and
WHEREAS,the City's distributive share of sales and use taxes imposed by the State of Illinois and
derived from transactions at places of business located within the boundaries of the City which have
been pledged for the payment of the principal and interest on the Series 2013 Bonds otherwise payable
from such levy for the 2023 Tax Levy Year are on deposit in the Series 2013 Project Fund established by
Section 13 of the aforesaid Ordinance 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 2023 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 2023 Tax Levy Year pursuant to
the ordinance adopted by the City Council of the City of McHenry, Illinois on March 18, 2013, providing
for the issuance of $2,400,000 General Obligation (Refunding) Bonds, Series 2013 of the City of
McHenry, Illinois, to refund Series 2005 General Obligation Bonds and issue $415,000 for repairs to the
Public Works Building at 1415 Industrial Drive; 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 5. This ordinance shall be in full force and effect immediately from and after its
passage, approvai and publication, as provided by law.
Passed and approved this 18th day of December, 2023.
Ayes Nays Absent Abstain
Alderwoman Bassi 1c
Alderman Glab K
Alderman Koch X
Alderman McClatchey X
Alderwoman Miller �
Alderman Santi Y
Alderman Strach l�
''� T�r./2+ � ��'�--
Wayne Jett, Mayor Trisha Ramel, City Clerk �+�4�+y �
STATE OF ILI,INOIS )
)
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 ordinances for the 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 18th day of December, 2023, the foregoing document titled "AN
ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR
THE 2023 TAX LEVY YEAR PURSUANT TO AN ORDINANCE ADOPTED BY THE CITY
COUNCIL OF THE CITY OF MCHENRY, ILLINOIS, ON MARCH 18, 2013, PROVIDING FOR
THE ISSUANCE OF $2,400,000 GENERAL OBLIGATION (REFUNDING) BONDS SERIES
2013 OF THE CITY OF MCHENRY, ILLINOIS, TO REFUND SERIES 2005 GENERAL
OBLIGATION BONDS AND ISSUE $415,000 FOR REPAIRS TO THE PUBLIC WORKS
BUILDING AT 1415 INDUSTRIAL DRIVE" was duly adopted by the City Council of the City of
McHenry.
I do further certify that the original copy of Ordinance 23-67, 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 18th day of December, 2023.
. .—._x. /( �`pnnt a. ��
Monte Johnson, Deputy City Clerk
City of McHenry,
� ,�'' McHenry County, Illinois
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