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ORDINANCE NO. 2018- 7 8 <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR,ILLINOIS FOR GENERAL OBLIGATION 2015 SERIES BONDS <br /> WHEREAS, by Ordinance No. 2015-36 passed and adopted on August 17, 2015, the City <br /> Council of the City of Decatur, Illinois, caused general obligation bonds of the City to be issued <br /> 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 l, 2018 and ending December 31, 2018. <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 /> 2015-36 GO Bond Series 2015 1,757,375.00 1,757,375.00 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 /> .��`'� <br /> .i � ie Moore Wolfe, Mayor <br /> ATTEST: <br /> �;�C,��,� <br /> Kimberly lthoff, City Clerk <br />