HomeMy WebLinkAboutResolutions - R-09-009 - 05/04/2009 - IDOT RESOLUTION RE OBLIGATION RETIREMENT MFT BONDSR-09-009
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
$482,737.50
and
WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retired with funds
allotted to the municipality under the Motor Fuel Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness is due, and
WHEREAS, the Mc Henry City Council has, by resolution adopted 12/15/2008
(County Board, Council or President and Board of Trustees)
directed the Clerk of McHenry County to cancel the 2008 tax levy (for taxes
(year)
collectable in 2009
(year)
assessment projects.)
) which would have produced funds to pay this indebtedness. (Not applicable to special
NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of
seven hundred thirty seven & 501100 dollars ($
482,737.50
Four hundred eighty two thousand
) 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 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 4/1512009 11:38:50 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. O
(Seal)
0
day
r
J
Clerk.
( unty or umgi )
Page 'L of 2 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 4/15/2009 3:17:08 PM