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2022-59 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2019 Series Bonds
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2022-59 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2019 Series Bonds
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12/22/2022 10:38:28 AM
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12/22/2022 10:38:27 AM
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Resolution/Ordinance
Res Ord Num
2022-59
Res Ord Title
2022-59 An Ordinance Abating the Property Tax Levy for the City of Decatur, Illinois for General Obligation 2019 Series Bonds
Department
Finance
Approved Date
12/19/2022
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ORDINANCE NO.2022 -'J`') <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR, ILLINOIS FOR GENERAL OBLIGATION 2019 SERIES BONDS <br /> WHEREAS, by Ordinance No. 2019-46 passed and adopted on June 17, 2019, 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 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 /> 2019-46 GO Bond 2019 Series 1,038,274.26 1,038,274.26 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 2022 <br /> 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 19thhday of December 2022. <br /> L�ua�9 In <br /> Ju*Moore Wolfe,Mayor <br /> ATTEST: <br /> � 1 <br /> Ki ly , -,t-P erk <br />
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