2005-110 DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY

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1 ' FI LED APR 2 5 2�� STEPHEN M. E3EA�v c,ouNnr c�K,�v►coN couM,� � . OR.DINA.NCE NO. 2005-110 AN ORDINANCE DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY FOR GENER�,L OBLIGATION BO�NDS SERIES 200�A EOR THE YEAR BEGINNING � MA.Y 1, 2005 AND ENDING APRIL 30, 2006 WHEREAS, the City of Decatur,.Illinois, is a home rule unit pursuant to the provisions of Seetion 6, A.rticle VII of the 1970 Constitution of the Sta.te of Illinois and may ex.ercise any power and perfozm any function pertaining to its govemment and affairs, including but not limited to the power to regulate for the protection of the public health, safety, morals and welfare, . to license, to tax and to incur debt; and WHEREAS, the City Council of the City of Decatur, Illinois,. has determined that an � appropriate total tax levy rate for the City of Decatur for the yeaz bea nning May 1, 2005 and ending Apri13 0, 2006, is $1.2700. . NOW, THEREFORE, BE IT ORDAII�iED BY THE CITY COUNCIL OF '�'I� CI.TY OF � DECATUR, ILLINOIS, as follows: � '� Section l. That the Macon County Clerk adjust the amount. of the. tax. levy for the General Obligation Bond Series 2004A; Ordinance No. 2004-20, in an amount necessary to produce a levy of� �S?�'�for the year beginning May I, 2005 and ending Apri130, 2006. Section 2. That the Mayor of the City of Decatur, Illinois, is directed to determine, based on final information� from the Macon County Cleric, the exact dollar amount which, when . e:�tended, will produce an overall tax rate of$1.2700 for:the total City of Decatur tax levy for the year begirming May 1, 2005 and endir�g April 30; 2006, and to insert such number into Section 1 of this Ordinance, if the levy of �854,663 for General �bligation Bonds Series 2004A fails to produce a.overall final.tax rate of$1;2700. .