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2019-226 Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series A Bonds
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2019-226 Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series A Bonds
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12/5/2019 3:23:10 PM
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12/5/2019 3:23:10 PM
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Resolution/Ordinance
Res Ord Num
2019-226
Res Ord Title
2019-226 Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series A Bonds
Department
Finance
Approved Date
12/2/2019
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ORDINANCE NO. 2019-� <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR,ILLINOIS FOR GENERAL OBLIGATION 2010 SERIES A BONDS <br /> WHEREAS, by Ordinance No. 2010-79 passed and adopted on November 15, 2010, the <br /> City Council�of the City of Decatur, Illinois,c�used general obligation refunding bonds of the City <br /> to 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 #imely pay such principal and interest as the same become due in fiscal year <br /> commencing January 1, 2020 and ending December 31, 2020. <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 comrnencing January 1, 2020 and ending December 31, 2020,be,and the same <br /> are hereby abated as follows: <br /> Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax <br /> Levy <br /> 2010-79 GO Bond Series A 2010 544,700.00 381,791.00 162,908.00 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby <br /> authnrized and directed to partially abate said levy and to extend the same as so abated for the <br /> 2019 assessed value year with property tax payable in 2020. <br /> Section 3. That the City Cler�C be, and is hereby authorized and directed to cause a <br /> certifi�d c�opy of this Ordinance to be filed with the County Clerk of the County of Macon,I1linois. <br /> PRESENTED,ADOPTED AND RECORED this 2"d day of December, 2019. <br /> �:_ , ��%� � � <br /> Juki�k Moore olfe,Mayor f <br /> ATTEST; �; <br /> �:����� <br /> Kimberly A�tho� City Cler <br />
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