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taxes may then be filed with the County Clerk of the County of Ma on, Illinois (the "County <br /> Clerk") in a timely manner to effect such abatement. <br /> Section 12. Filing with County Clerk.. Promptly, as soon a this Ordinance becomes <br /> effective, a copy hereof, certified by the City Clerk of the City, shal be filed with the County <br /> Clerk; and the County Clerk shall in and for each of the years 2007 to 2009, inclusive, ascertain <br /> the rate percent required to produce the aggregate tax hereinbefore pr vided to be levied in each <br /> of said years; and the County Clerk shall extend the same for colle tion on the tax books in <br /> connection with other taxes levied in said years in and by the City for eneral corporate purposes <br /> of the City; and in said years such annual tax shall be levied and c �llected by and for and on <br /> behalf of the City in like manner as taxes for general corporate purpos s for said years are levied <br /> and collected, and in addition to and in excess of all other taxes. <br /> To the extent that the taxes levied above exceed the amount ne essary to pay debt service <br /> on the Notes as set forth in the Note Notification, the Designated Offi ials are hereby authorized <br /> to direct the abatement of such taxes to the extent of the excess of suc levy in each year over the <br /> amount necessary to pay debt service on the Notes in the following N te year. Proper notice of <br /> such abatement shall be filed with the County Clerk, in a timely mann r to effect such abatement. <br /> Section 13. Sale of Notes. The Designated Officers are hereb authorized to proceed not <br /> later than the 30th day of October, 2007, without any further authoriz tion or direction from the <br /> Council, to sell and deliver the Notes upon the terms as prescribed in his Ordinance. The Notes <br /> hereby authorized shall be executed as in this Ordinance provided as soon after the delivery of <br /> the Note Notification as may be, and thereupon be deposited with the reasurer of the City, and, <br /> after authentication thereof by the Note Registrar, be by said Treasurer delivered to the purchaser <br /> thereof (the "Pitirchaser"), namely, the lowest responsible bidder a a public sale to be held <br /> subsequent to the passage of this Ordinance by Speer Financial, Inc., t e City's financial advisor, <br /> -19- <br />