2006-117 DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY FOR GENERAL OBLIGATION BONDS SERIES 2004A

Home Browse Search

' � " � - � � � ORDINANCE NO. 2006-117 � AN ORDINANCE DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY FOR GENERAL OBLIGATION ONDS SERIES 2004A FOR THE YEAR BEGIN?�iII'+1G MAY 1 2006 AND ENDING APRIL 30 20 7 VVHERF,AS, the City of Decatur, Illinois, is a home rule unit p rsuant to the provisions of Section 6, Article VII of the 1970 Constitution of the State of Illi ois and may exercise any power and perform any function pertaining to its government and affairs, including but not limited to the power to regulate for the protection of the public ealth, safety, marals and welfare, to license, to tax and to incur debt; and WHEREAS, the City Council of the City of Decatur; Illino s, has determined that an appropriate total tax levy rate for the City of Decatur for the year b ginning May 1, 2006 and ending April 30. 2007, is $1.24. NOW, THEREFORE, BE IT ORDAINED BY T��E CITY �OUNCIL OF THE CITY OF UECATUR, ILLINOIS, as follows: , Section 1. That the Macon County Clerk adjust the amou t of the tax levy for the , General Obligation Bond Series 2004A, Ordinance No. 2004-20, i an amount necessary to produce a levy of$547,930 for the year beginning May 1. 2006 a d ending April 30, 2007. Section 2. That the Mayor of the City of Decatur, Illinois, is d rected to determine, based on final information from the Macon County Clerk, the exact d llar amount which, when extended, will produce an overall tax rate of$1.24 for the total City f Decatur tax levy for the year beginning May 1, 2006 and ending April 30, 2007, and to insert uch number into Section 1 of this Ordinance, if the levy of $733,788 for General Obligation B nds Series 2004A fails to produce a overall final tax rate of$1.24. i