2004-101 DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY

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_ ,.� : . a ' ORDINANCE NO. 2004-101 AN ORDINANCE DIRECTING THE MACON COUNTY CLERK TO ABATE THE TAX LEVY FOR GENERAL OBLIGATION BONDS SERIES 1991 FOR THE YEAR BEGINNING MAY 1,2004 AND ENDING APRIL 30.2005 WHEREAS, the City of Decatur, Illinois, is a home rule unit pursuant to the provisions of Section 6, Article VII of the 1970 Constitution of the State of Illinois 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 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 year beginning May 1, 2004 and ending Apri130, 2005, is $1.2700. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS, as follows: Section 1. That the Macon County Clerk adjust the amount of the abatement in the Ordinance Abating Levy— General Obligation Bond Series 1991, Ordinance No. _ ,�� , in an amount necessary to produce a levy of$—C� — for the year beginning May 1, 2004 and ending Apri130, 2005. Section 2. That the Mayor of the City of Decatur, Illinois, is directed to deternvne, based on final information from the Macon County Clerk, the exact dollar amount which, when extended, will produce an overall tax rate of $1.2700 for the total City of Decatur tax levy for the year beginning May 1, 2004 and ending Apri130, 2005, and to insert such number into Section 1 of this Ordinance, if the levy of $68,247 for General Obligation Bonds Series 1991 fails to produce a overall final tax rate of$1.2700.