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ORDINANCE NO. 2018- 7 7 <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR,ILLINOIS FOR GENERAL OBLIGATION 2014 SERIES BONDS <br /> WHEREAS, by Ordinance No. 2014-04 passed and adopted on February 3,2014,the City <br /> Council of the City of Decatur, Illinois, caused general obligation refunding bonds of the City to <br /> be issued and did levy therein certain sums to pay principal and interest on said bonds; and <br /> WHEREAS, funds other than those raised by general taxation have or will become <br /> available to timely pay such principal and interest as the same become due in fiscal year <br /> commencing January 1, 2019 and ending December 31, 2019. <br /> NOW, THEREFORE, BE IT ORDANIED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the following tax levies for interest on and principal of the indicated <br /> bonds for the year commencing January 1, 2019 and ending December 31,2019, be, and the same <br /> are hereby abated as follows: <br /> Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax Levy <br /> 2014-04 GO Bond Series 2014 1,871,437.50 1,871,437.50 0.00 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby <br /> authorized and directed to fully abate said levy and to extend the same as so abated for the 2018 <br /> assessed value year with property tax payable in 2019. <br /> Section 3. That the City Clerk be, and is hereby authorized and directed to cause a <br /> certified copy of this Ordinance to be filed with the County Clerk of the County of Macon, Illinois. <br /> PRESENTED, ADOPTED AND RECORED this 17th day of December, 2018. <br /> Juli' Moore W fe, Mayor � <br /> ATTEST: � <br /> � � <br /> ,�y, < <br /> '� <br /> Kimberiy thoff, Cit erk <br />