HomeMy WebLinkAboutOrdinances - ORD-12-1611 - 12/03/2012 - ABATE RE TAXES LEVIED FOR 2012 TAX LEVY YEAR/GO BOORDINANCE NO. ORD-12-1611
AN ORDINANCE PROVIDING FOR AN ABATEMENT OF REAL ESTATE
TAXES LEVIED FOR THE 2012 TAX LEVY YEAR PURSUANT TO AN
ORDINANCE ADOPTED BY THE CITY COUNCIL OF THE CITY OF
MCHENRY, ILLINOIS, ON FEBRUARY 1, 2010, PROVIDING FOR THE
ISSUANCE OF $2,030,000 GENERAL OBLIGATION (REFUNDING) BONDS
SERIES 2010A OF THE CITY OF MCHENRY, ILLINOIS, FOR THE LEVY AND
COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE
PRINCIPAL OF AND INTEREST ON SAID BONDS.
WHEREAS, an ordinance was adopted by the City Council of the City of McHenry, Illinois on
February 1, 2010, providing for the issuance of $2,030,000 General Obligation (Refunding) Bonds, Series
2010A of the City of McHenry, Illinois, for the levy and collection of a direct annual tax for the payment
of the principal of and interest on said bonds.
WHEREAS, the Series 2010A Bonds are payable from, and are secured by a pledge of, the City's
distributive share of sales and use taxes imposed by the State of Illinois and derived from transactions at
places of business located within the boundaries of the City, including monies paid by the State in
replacement of the City's distributive share of such taxes; and
WHEREAS, pursuant to the aforesaid Supplemental Ordinance a direct tax has been levied for
the 2012 Tax Levy Year in the amount of $393,260.00 for the payment of the principal and interest due
in the year 2013 on the Series 2010A Bonds authorized by said ordinance; and
WHEREAS, the City's distributive share of sales and use taxes imposed by the State of Illinois and
derived from transactions at places of business located within the boundaries of the City which have
been pledged for the payment of the principal and interest on the Series 2010A Bonds otherwise
payable from such levy for the 2012 Tax Levy Year are on deposit in the Series 2010A Project Fund
established by Section 13 of the aforesaid Ordinance and it is therefore the determination of the
Corporate Authorities of the City of McHenry, Illinois that the real estate taxed levied for the Tax Levy
Year 2012 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 2012 Tax Levy Year pursuant to
the ordinance adopted by the City Council of the City of McHenry, Illinois on February 1, 2010, providing
for the issuance of $2,030,000 General Obligation (Refunding) Bonds, Series 2010A of the City of
McHenry, Illinois, for the levy and collection of a direct annual tax for the payment of the principal of
and interest on said bonds.
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 3rd day of December, 2012.
VOTING AYE: Santi, Glab, Schaefer, Blake, Wimmer, Peterson, Condon.
VOTING NAY: NONE.
NOT VOTING: NONE.
ABSTAINED: NONE.
ABSENT: NONE.
Mayor
ATTEST:
City Cler
333 South Green Street
McHenry, Illinois 60050-5495
Mayor's Office
(815) 363-2108
Fax (815) 363-2119
Administration
(815) 363-2100
Fax (815) 363-2119
Construction and
Neighborhood Services
(915) 363-2170
Fax (815) 363-2173
Finance Department
(815) 363-2100
Fax (815) 363-2119
Parks and Recreation
(815) 363-2160
Fax (815) 363-3186
Police Non -Emergency
(815) 363-2200
Fax (815) 363-2149
Public Works
(815) 363-2186
Fax (815) 363-2214
Mayor
Susan E. Low
City Clerk
Janice C. Jones
Treasurer
Steven C. Murgatroyd
Aldermen
WARD I
Victor A. Santi
WARD 2
Andrew A. Glab
WARD 3
Jeffrey A. Schaefer
WARD 4
Geoffrey T. Blake
WARD 5
Richard W. Wimmer
WARD 6
Robert J. Peterson
WARD 7
Geri A. Condon
city of mmenry
www.ci.rnchenry.il.us
CERTIFICATION
11 Marcia M. Geraghty, Executive Assistant in and for the City of McHenry,
Illinois, do hereby certify that the attached document is a true and correct copy of the
McHenry City Ordinance No. ORD-12-1611 providing for an abatement of real estate
taxes in the amount of S393,260.00 levied for the 2012 Tax Levy Year for payment
General Obligation Bonds Series 2010A for the City of McHenry. Said ordinance was
passed and approved at a regular City Council Meeting held on the 3rd day of
December, 2012 and was signed by the Mayor on December 3,2012.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
corporate seal of the City of McHenry, Illinois this 12d' day of December, 2012.
(SEAIL)
Y.
Marcia M . Geraghty,lxeltive Assistant
City of McHenry, Illinois