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ORDINANCE NO. 2025 - 8 0 <br /> AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF <br /> DECATUR, ILLINOIS FOR GENERAL OBLIGATION 2018 SERIES BONDS <br /> WHEREAS, by Ordinance No. 2018-16 passed and adopted on May 21, 2018, 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 years 2026 and <br /> 2027. <br /> NOW, THEREFORE, BE IT ORDAINED 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, 2026 and ending December 31, 2026, be, and the same <br /> are hereby abated as follows: <br /> Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax Levy <br /> 2018-16 GO Bond Series 2018 2,070,500.00 2,070,500.00 0.00 <br /> Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby <br /> authorized and directed to partially abate said levy and to extend the same as so abated for the <br /> 2025 assessed value year with property tax payable in 2026. <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 1St day of December 2025. <br /> .`__..,.- , i1.6 . <br /> J ' • oore olfe, May./ <br /> ATTEST: '✓ <br /> 1' 1 t <br /> Kimberly A • f, City Clerk <br />