HomeMy WebLinkAboutResolutions - R-04-013.02 - 12/02/2002 - IDOT MFTR-04-013.02
lllinf is Department
of �ansportation
Obligation Retirement Resolutio
(County or Municipal)
A resolution providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds
WHEREAS, the City of McHenry has
(County or Municipality)
outstanding indebtedness described as follows:
$3,500,000 General Obligation Bonds (Motor Fuel Tax Alternative Revenue Source) Series 2000
Sec. 00 -
(Title of bond issue or paving district and municipal motor fuel tax section number)
Bondsor Numberof Interest
Public Benefit the Bonds or or Date Amount
Assessments Assessments Principal Due
$438,000.00
and
WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retire
with funds allotted to the municipality under the Motor Fuel Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness i
due. and
WHEREAS, the McHenry City Council has, by resolution
(County Board, Council or President and Board of Trustees)
adopted December 2. .20 02 , directed the Clerk of MCHen
County to cancel the 2002 tax levy (for taxes collectable in ?n0i t which would
(year) (year)
have produced funds to pay this indebtedness. (Not applicable to special assessment projects.)
NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Four hundred thirty
eight thousand & 10nl100--------- Dollars ($ d38,000 00 ) 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 District Engineer, Department of Transportation, at Schaumburg , Illinois.
eLR 4133(Rey 10/87)
0
I,
JANICE C. JONES
Forthe CITY of
(County or Municipality)
CITY
(County or Municipal)
MCHENRY
the foregoing to be a true, perfect and complete copy of resolution adopted by the
Clerk in and
hereby certify
MCRENRY CITY COUNCIL at a meeting on DECEMBER 2
(County Board, Council or President and Board of Trustees)
2002
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this 30TH day
Of NOVFtJRFR A.D.20 04
MU N CIPAL Clerk
(Count r unicipal)
(Seal)