Loading...
HomeMy WebLinkAboutResolutions - R-09-007 - 05/04/2009 - IDOT RESOLUTION RE OBLIGATION RETIREMENT MFT BONDSR-09-007 Illinois Department Obligation Retirement Resolution of Transportation (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 outstanding (County or Municipality) indebtedness described as follows: $3,500,000 General Obligation Bonds (Motor Fuel Tax Alternative Revenue Source) Series 2000A Sec. 00- (Title of bond issue or paving district and municipal motor fuel tax section number) Bonds or Public Benefit Assessments Number of the Bonds or Assessments Interest or Principal Date Due Amount $472,750.00 and. WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retired with funds allotted to the municipality under the Motor Fuel Tax Law, and WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness is due, and WHEREAS, the Mc Henry City Council has, by resolution adopted (County Board, Council or President and Board of Trustees) 12/4/2006 directed the Clerk of McHenry County to cancel the 2006 tax levy (for taxes (year) collectable in 2007 _) which would have produced funds to pay this indebtedness. (Not applicable to special (year) assessment projects.) NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Four hundred seventy-two thousand seven hundred fifty dollars ($ 472,750.00 ) 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 Regional Engineer, Department of Transportation, Schaumburg , Illinois. Page I of 2 1 L 494-0284 BLR 15411 (Rev. 7105) Printed on 4/15/2009 11:38:18 AM I, Janis C. Jones City Clerk in and (County or Municipal) for the City of McHenry _ hereby certify (County or Municipality) the foregoing to be a true, perfect and complete copy of a resolution adopted by the City Council at a meeting on May 4, 2009 (County Board, Council or President and Board of Trustees) IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this of _ }�� , A.D. (Seal) q4l day i h Clerk. ounty or ni ' al) Page 2 of 2 IL 494-0284 BLR 15411 (Rev. 7/05) Printed on 4/15/2009 3:17:08 PM