2012-90 ABATING PROPERTY TAX LEVY FOR GENERAL OBLIGATION 2010 SERIES C BONDS

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ORDINANCE NO. 2012- 90 AN ORDINANCE ABATING THE PROPERTY TAX LEVY FOR THE CITY OF DECATUR, ILLINOIS FOR GENERAL OBLIGATION 2010 SERIES C BONDS WHEREAS, by Ordinance No. 2010-79 passed and adopted on November 15, 2010, the City Council of the City of Decatur, Illinois, caused general obligation refunding bonds of the City to be issued and did levy therein certain sums to pay principal and interest on said bonds; and WHEREAS, funds other than those raised by general taxation have or will become available to timely pay such principal and interest as the same become due in fiscal year commencing May 1, 2013 and ending April 30, 2014. NOW, THEREFORE, BE IT ORDANIED BY THE COUNCIL OF THE CITY OF DECATUR, ILLINOIS: Section 1. That the following tax levies for interest on and principal of the indicated bonds for the year commencing May 1, 2013 and ending April 30, 2014, be, and the same are hereby abated as follows: Ordinance No and Bond Issue Ordinance Tax Levy Abatement Net Tax Levy 2010-79 GO Bond Series C 2010 276,100.00 138,050.00 138,050.00 Section 2. That the County Clerk of the County of Macon, Illinois, be, and is hereby authorized and directed to partially abate said levy and to extend the same as so abated for the 2012 assessed value year with property tax payable in 2013. Section 3. That the City Clerk be, and is hereby authorized and directed to cause a certified copy of this Ordinance to be filed with the County Clerk of the County of Macon, Illinois. 1 PRESENTED, ADOPTED AND RECORED this 3`d day of Dece ber, 12 4 ' Wch I T. Iroy, ay r ATTEST: r CITY CLERK