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2024-53 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County, Illinois, to Refund Certain Outstanding Bonds and to Finance Water System Infrastructure Improvements, Authorizing
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2024-53 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County, Illinois, to Refund Certain Outstanding Bonds and to Finance Water System Infrastructure Improvements, Authorizing
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Last modified
4/19/2024 9:40:04 AM
Creation date
4/19/2024 9:39:59 AM
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Resolution/Ordinance
Res Ord Num
2024-52
Res Ord Title
2024-52 An Ordinance Providing for the Issuance of not to Exceed $36,800,000 General Obligation Bonds of the City of Decatur, Macon County,
Department
Finance
Approved Date
4/15/2024
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WHEREAS the City has heretofore issued the following outstanding and validly subsisting <br /> and unpaid general obligation bonds: <br /> GENERAL OBLIGATION BONDS,SERIES 2014(the "2014 Bonds") <br /> Original Principal Amount: $24,055,000 <br /> Dated: April 8, 2014 <br /> Due March 1 as follows: <br /> YEAR AMOUNT($) RATE <br /> 2025 1,185,000 5.000 <br /> 2026 1,245,000 5.000 <br /> 2027 1,305,000 4.000 <br /> 2030 4,255,000 4.250 <br /> 2034 6,645,000 5.000 <br /> which 2014 Bonds may be called for redemption on any date at the redemption price of par plus <br /> accrued interest; and <br /> WHEREAS the City has heretofore issued the following outstanding and validly subsisting <br /> and unpaid general obligation bonds: <br /> GENERAL OBLIGATION BONDS,SERIES 2015(the "2015 Bonds") <br /> Original Principal Amount: $23,305,000 <br /> Dated: September 3, 2015 <br /> Due March 1 as follows: <br /> -2- <br />
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