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2022-51 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series C Bonds
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2022-51 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series C Bonds
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12/22/2022 10:30:37 AM
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12/22/2022 10:30:37 AM
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Resolution/Ordinance
Res Ord Num
2022-51
Res Ord Title
2022-51 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2010 Series C Bonds
Department
Finance
Approved Date
12/19/2022
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ORDINANCE NO.2022- <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR, ILLINOIS FOR GENERAL OBLIGATION 2010 SERIES C 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, caused general obligation bonds of the City to be <br /> 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, 2023 and ending December 31, 2023. <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 1,2023,and ending December 31,2023,be,and the same <br /> are hereby abated as follows: <br /> Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax Levy <br /> 2010-79 GO Bond Series C 2010 270,600.00 135,300.00 135,300.00 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby <br /> authorized and directed to partially abate said levy and to extend the same as so abated for the <br /> 2022 assessed value year with property tax payable in 2023. <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 19a`day of December 2022. <br /> J <br /> ATTEST: Moore Wolfe,Mayor <br /> s <br /> J <br /> Kim erly Al o , City Clerk <br />
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