HomeMy WebLinkAboutResolutions - 20-2 - 01/06/2020 - IDOT Obligation Retirement l7 �
�� DBp�I' Y1P11t Obligation Retirement Resolution
Resolution Number Section Number
20-2 09-00072-00-G B
WHEREAS the City of McHenry
Local Public Agency I ype Name of LocalPublic Agency
has outstanding indebtedness described as follows:
$3.51 Million Taxable General Obligation Bonds - Section 09-00072-00-GB
Bonds or Assessments Interest or
Bonds or Public Benefit Assessments Number(s) Principal Date Due Amount
Bonds 2010E Interest 06/15/19 $16,560.00
Bonds 2010E Interest 12/15/19 $16,560.00
Bonds 2010B Principal 12/15/19 $380,000.00
and,
WHEREAS, it appears that sufficient Motor Fuel Tax funds are or will be available when the above indebtedness is due,and
WHEREAS,the City has, by resolution adopted 12/03/18 directed the Clerk of McHenry
Local Public Agency Type Date County
County to cancel the 2018 tax levy(for taxes collectable in 2019 )which would have produced funds to pay this indebtedness.
ear -Year
(Not applicable to special assessment projects.)
NOW,THEREFORE, BE IT RESOLVED,that there is hereby appropriated the sum of Four Hundred Thirteen Thousand
One Hundred Twenty dollars( $413,120.00 )from funds allotted to
City of McHenry under the Motor
Local Public Agency Type Nami of LocalPublic Agency
Fuel Tax Law for the payment of the above described indebtedness, and
BE IT FURTHER RESOLVED,that the Clerk is hereby directed to transmit four(4)certified originals of this resolution to the district office
of the Department of Transportation.
I, Trisha Ramel City Clerk in and for said City of
Name of ClerkLocal Public Agency Type Local Public Agency Type
McHenry in the State aforesaid,and keeper of the records and
Name of Local Public Agency
files thereof,as provided by, do hereby certify the foregoing to be a true, perfect and complete copy of a resolution adopted by
Council of McHenry at a meeting held on 01/06/19
Governing Body Type Name of Local Public Agency Date
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this 6 day of January, 2020
Month,Year
(SEAL) Clerk Signalure
mil./ I
APPROVED
Regional Engineer
Department of Transportation Date
Printed 01/06/20 Page 1 of 1 BLR 15411 (Rev.06/13/19)