My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R97-156 APPROPRIATING FUNDS
COD
>
City Clerk
>
RESOLUTIONS
>
1997
>
R97-156 APPROPRIATING FUNDS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/12/2016 4:16:17 PM
Creation date
4/12/2016 4:16:17 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R97-156
Res Ord Title
APPROPRIATING FUNDS FOR PAYMENT OF PRINCIPAL OF AND INTEREST ON CORPORATE PURPOSE BONDS - BRUSH COLLEGE ROAD AND FARIES PARK INTERSECTION
Approved Date
11/3/1997
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
s <br /> ����� � <br /> RESOLUTION NO. R97-156 <br /> RESOLUTION APPROPRIATING FUNDS FOR PAYMENT <br /> OF PRINCIPAL OF AND INTEREST ON CORPORATE PURPOSE <br /> BONDS -BRUSH COLLEGE ROAD AND FARIES PARK INTERSECTION <br /> WHEREBY, by Ordinance No. 89-97 passed and approved December 1 l, 1989, bonds of <br /> the City were issued and funds appropriated, among other things, for the road improvements to <br /> improve the tr�c flow and safety at Brush College Road and Faries Parkway Intersection; and, <br /> 'vV`tI�icEAS, a copy of said ordinance has bcen filed wi�n �.he iiiinuis i�e�iartm�nt ai <br /> Revenue; and, <br /> WHEREAS, the Council fmds it to be in the best interest of the City to apply Motor Fuel <br /> TaYes allocated to the City in payment of the principal of and interest on said bonds to become <br /> due in fiscal year 1998-1999 in lieu of general taxes levied for the year 1997,by the provision of <br /> said ordinance; and, <br /> WI�REAS, the levy of said general taxes for the year 1997 as provided by said <br /> ordinance have been abated in the amount of$469,825 of which amount $169,275 is for such <br /> principal and interest on that portion of the bonds the proceeds of which apply to said road <br /> improvements. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section l. That the sum of$169,275 be, and the same is hereby, appropriated from the <br /> allotment of Motor Fuel Tax Funds of the City to pay principal and interest to become due in <br /> fiscal 1998-1999 on those bonds of the City issued to pay for the repair and refurbishing of Brush <br /> Cvii�ge i:oa�:..�`iu:�:.:�es P�:r�'xa;�I,�te:s�e�i�^.. <br /> Section 2. That the City Clerk be, and she is hereby, authorized and directed to cause <br /> three certified copies of this Resolution to be transmitted to the Illinois Department of <br /> Tr�sp�rtatian through the District Engineer. <br /> PRESENT�D AND ADOPTED this 3rd day of November, 1997. <br /> YOR <br /> ATTEST: <br /> G <br /> ,% : <br /> �_ � �2�2� <br /> CITY CLERK <br />
The URL can be used to link to this page
Your browser does not support the video tag.