HomeMy WebLinkAboutResolutions - R-11-014 - 07/25/2011 - CERTIFY ABATEMENT MFT TAXES 2009UTi�ILEDII1InoLS 8MOMENRY CNINTY, Il Obligation Retirement Rof Transportation AUG 3 0 2011 (County or Municipal)
A resolution providing for the retirement of certle*"l i the use of motor fuel tax funds
OOIM1lsllt ik` YeF/
WHEREAS, the City of McHenry has outstanding
(County or Municipality)
indebtedness described as follows:
$3,500,000 General Obligation Bonds (Motor Fuel Tax Alternate Revenue Source) Series 2000A Sec.00-
(Title of bond issue or paving district and municipal motor fuel tax section number)
Bonds or
Public Benefit
Assessments
Number of
the Bonds or
Assessments
Interest
or
Principal
Date
Due
Amount
-o
010C
Y e S
O
�
and
WHEREAS, in the opinion of this body, the indebtedness described in the preceding paragraph may be retired with funds
allotted to the municipality under the Motor Fuel Tax Law, and
WHEREAS, it appears that sufficient motor fuel tax funds are or will be available when the above indebtedness is due, and
WHEREAS, the McHenry City Council has, by resolution adopted 11/16/2009
(County Board, Council or President and Board of Trustees)
directed the Clerk of Mc Henry County to cancel the 2009 tax levy (for taxes
(year)
collectable in 2010 ) which would have produced funds to pay this indebtedness. (Not applicable to special
(year)
assessment projects.)
NOW, THEREFORE, BE IT RESOLVED, that there is hereby appropriated the sum of Four Hundred Sixty -Thousand
Nine-HundredTwelve& 50/100
dollars ($ 460.912.50 ) 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 1 of 2 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 7/20/2011 10:59:23 AM
I, _Jan;ceC..ones
City Clerk in and
(County or Municipal)
for the McHenry 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 July 25, 2011
(County Board, Council or President and Board of Trustees)
IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this
Of r A.D.
(Seal)
Page 2 of 2 IL 494-0284 BLR 15411 (Rev. 7/05)
Printed on 7/20/2011 10:59:23 AM
Illinois Department
of Transportation
STATE OF ILLINOIS
COUNTY OF McHenry
1, Katherine C Schultz , Clerk of
2009
described bond issue of the
Certification Cancellation
of Tax Levy
County, do hereby certify that the
tax levy (for taxes collectible in
for the pavment of principal and interest on the following
(Municipality or Road District)
$460,912.50 was cancelled and (was not / will not be) extended:
(In the following space, describe the bond issue -not the particular bonds and interest due.)
ORDINANCE NO. ORD-09-1486
of
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE TAXES LEVIED FOR THE 2009 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.
(SEAL) Signed this day of I&S& LQ.L IL, J611
County Clerk
Page 1 of 1 IL 494-0289 BLR 15314 (Rev. 7/05)
Printed on 9/12/2011 12:12:28 PM
Illinois Department of Transportation
Division of Highways/Region One / District One
201 West Center Court/Schaumburg, Illinois 60196-1096
LOCAL ROADS AND STREETS
Motor Fuel Tax - Obligation Retirement Resolution
City of McHenry
Section No.: 00-00061-00-GB
McHenry County
September 30, 2011
Ms. Janice C. Jones
City Clerk
City of McHenry
333 South Green Street
McHenry, IL 60050
Dear Ms. Jones:
The Obligation Retirement Resolution adopted by the City Council on July 25, 2011
received on September 28, 2011 for the above -referenced section was approved as
of September 30, 2011.
This appropriates $460,912.50 for Motor Fuel Tax (MFT) Funds for the payment of
principal and interest due on June 1, 2009.
The expenditure in the amount of $460,912.50 for the retirement of the obligation
from the City's Unobligated MFT Account is authorized and will be recorded on the
next Monthly Allotment Notification Letter.
Enclosed is one copy for your records. If you have any questions or need
additional information, please contact Chad F. Riddle, Program and Office
Engineer, at (847) 705-4406 or via email at Charles.Riddle@illinois.gov.
Very truly yours,
Diane M. O'Keefe, P.E.
Deputy Director of Highways,
Region On Enin�eer�
By:
Christopher J. Holt, P.E.
Bureau Chief of Local Roads and Streets
Enclosures
cc: Carolyn Lynch, Accountant w/encl