HomeMy WebLinkAboutOrdinances - ORD-08-1441 - 12/15/2008 - ABATE SERIES 2000A $482 737.50 2008 TAX LEVY YEARCity of McHenry
333 South Green Street _ ° , www.ci.mchenry.il.us
McHenry, Illinois 60050-5495 -
Mayor's Office
(815) 363-2108
Fax 815) 363-2119 C E R T I F I C A T I O N
Clerk's Office
(815)363-2100
Fax (815) 363-2128 ' 1, Kathleen M. Kunzer, Deputy City Clerk in and for the
Admimsuation City of McHenry, Illinois, do hereby certify that the attached
(815) 363-2108
Fax (815) 363-2119
document is a true and correct copy of the McHenry City
Public Works
Community Ordinance No. Ord-08-1441 providing for an abatement of real
Development
(915) 363-2170
Fax (815) 363-2173 estate taxes in the amount of $482 , 737.50 levied for the 2008
Parks and Recreation
Tax Levy Year for repayment
of Series 2000A General Obligation
(815)363-2160
Fay (8l5)363-3186
Bonds (Motor Fuel Tax Alternate Revenue Source)
for various
Police Non -Emergency
(815)363-2200
road improvement projects.
Said ordinance was
passed and
Fax (815) 363-2149
approved at a regular City
Council Meeting held
on the 15`"
Mayor
Susan ELow
day of December, 2008 and was signed by the Mayor
on December
City Clerk
Janice Jones
15, 2,008.
Treasurer IN WITNESS WHEREOF, I have hereunto set my hand and
David M Welter
Aldermen affixed the corporate seal of the City of McHenry, Illinois
WARDII, this �16th day of December, 2008.
Victor A. Sant
WARD 2 (SEAL)
Andrew A Glab
Kathleen M. Kunzer, Dep ty City Clerk
WARD 3 h ,� of the City of McHenry, Illinois
Jeffrey A. Schaefer y
WARD 4
Steven C Murgatroyd
WARD 5
Richard W Wimmer
WARD 6
Robert J Peterson
WARD 7
Gen A. Condon
ORDINANCE NO. ORD-08-1441
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES
LEVIED FOR THE 2008 TAX LEVY YEAR PURSUANT TO AN ORDINANCE
ADOPTED BY THE CITY COUNCIL OF THE CITY OF MCHENRY, ILLINOIS, ON
OCTOBER 18, 2000, PROVIDING FOR THE ISSUANCE OF $3,500,000
GENERAL OBLIGATION REFUNDING BONDS, (MOTOR FUEL TAX ALTERNATE
REVENUE SOURCE), SERIES 2000A OF THE CITY OF MCHENRY, ILLINOIS.
WHEREAS, an ordinance was adopted by the City Council of the City of McHenry, Illinois on October
18, 2000 providing for the issuance of $3,500,000 General Obligation Bonds (Motor Fuel Tax Alternate
Revenue Source), Series 2000A of the City of McHenry, Illinois, prescribing the details of said bonds and
providing for collection, segregation, and application of certain motor fuel taxes to pay said bonds; and
WHEREAS, the Series 2000A Bonds are payable from, and are secured by a pledge of, the City's
distributive share of motor fuel taxes imposed by the State of Illinois; and
WHEREAS, pursuant to the aforesaid Supplemental Ordinance a direct tax has been levied for the
2008 Tax Levy Year in the amount of $482,737.50 for the payment of the principal and interest due in the year
2009 on the Series 2000A Bonds authorized by said ordinance; and
WHEREAS, the City's distributive share of motor fuel taxes imposed by the State of Illinois which have
been pledged for the payment of the principal and interest on the Series 2000A Bonds otherwise payable from
such levy for the 2008 Tax Levy Year are on deposit in the Series 2000A Debt Service Fund established by
Section 12 of the aforesaid Ordinance and it is therefore the determination of the Corporate Authorities of the
City of McHenry, Illiinois that the real estate taxed levied for the Tax Levy Year 2008 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 2008 Tax Levy Year pursuant to the
ordinance adopted by the City Council of the City of McHenry, Illinois on October 18, 2000, providing for the
issuance of $3,500,000 General Obligation Bonds, (Motor Fuel Tax Alternate Revenue Source) Series 2000A of
the City of McHenry, Illinois, 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,
approval and publication, as provided by law.
Passed and approved this 15th day of December, 2008.
AYES: SANTI, y .. ..
NAYS:
NOTVOTING: NONE
ABSTAINED: NONE
ABSENT: NONE
i � v
Mayor
ATTEST:
Ci Clerk `
I