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� <br /> RESOLUTION NO. ^-17 <br /> RESOLUTION APPROPRIATING FUNDS FOR PAYMENT <br /> OF PRINCIPAL OF AND INTEREST ON CORPORATE PURPOSE <br /> BONDS - BRUSH COLLEGE ROAD AND FA iE PARK INT RSECTION <br /> WHEREBY, by Ordinance No. 89-97 passed and approved December 11, 1989, bonds of <br /> the City were issued and funds appropriated, among other things, for the road improvements to <br /> improve the traffic flow and safety at Brush College Road and Faries Parkway Intersection; and, <br /> WHEREAS, a copy of said ordinance has been filed with the Illinois Department of <br /> Revenue; and, <br /> WHEREAS, the Council finds it to be in the best interests of the City to apply Nlotor Fuel <br /> Taxes allocated to the City in payment of the principal of and interest on said bonds to become <br /> due 1996 and 1997 in lieu of general taxes levied for the year 1995, by the provisions of said <br /> ordinance; and, <br /> WHEREAS, the levy of said general taYes for the year 199� as provided by said ordinance <br /> have been abated in the amount of$188,250 of which amount $188,2�0 is for such principal of <br /> and interest on that portion of the bonds the proceeds of which apply to said road improvements. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That tlie sum of $188,250 be, and the same is hereby, appropriated from the <br /> allotment of Vlotor Fuel TaY Funds of the City to pay principal and interest to become due in 1996 <br /> and 1997 on those bonds of the City issued to pay for the repair and refurbishin� of Brush Colle�e ' <br /> Road and Faries Parkway Intersection. y <br /> Section 2. That the City Clerk be, and she is hereby, authorized and directed to cause three <br /> certified copies of this Resolution to be transmitted to the Illinois Department of Transportation <br /> through the District Engineer. <br /> PRESENTED AND ADOPTED this 18th day of December, 1995. <br /> ��� ,..' <br /> �� � <br /> �.--z�- <br /> � RRY . OWLEY, MAYOR <br /> ATTEST: � <br /> , <br /> �� ����.����:��� � --� <br /> ��,�;�i: _ / 9 6� a <br /> CI�' CLERK � <br /> ____���_.._.....-_--......___.�_ I <br /> -- �''`�l�iL`' f.i�.ri��'�i_f...�----...____- t <br /> "_-.. -- ,_ .� <br /> .�-__� <br />