R92-192 APPROPRIATING FUNDS FOR PAYMENT OF CORPORATE PURPOSE BONDS

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, � . RTsSOLUTION NO. 1 \ �� I � � RSSOLUTION APPROPRIATING FUNDS FOR PAYMENT OF PRINCIPAL OF AND INTBREST ON CORPORATS PURPOSB BONDS - BRUSH COLLFGB ROAD AND FARIES PARK INT8RS8CTION WHfiREBY, by Ordinance No. 89-97 passed and approved December 11, 1989, bonde of the City were iesued and funds appropriated, among other things, for the road improvements to improve the traffic flow and safety at Brush College Road and Faries Parkway Intersection; and, WHFsREAS, a copy of said ordinance has been filed with the Illinois Department of Revenue; and, WHSRFsAS, the Council finds it to be in the best interests of the City to apply Motor Fuel Taxes allocated to the City in payment of the principal of and interest on said bonds to become due 1993 and 1994 in lieu of general taxes levied for the year 1992, by the provieione of said ordinance; and, WHEREAS, the levy of eaid general taxea for the year 1992 as provided by said ordinance have been abated in the amount of $466,150 of which amount $216,150 is for such principal of and interest on that portion of the bonda the proceeds of which apply to said road improvements. NOW, THfiR$FORE, BB IT RESOLVSD BY THE COUNCIL OF THFs CITY OF DECATUR, ILLINOIS: Section 1. That the sum of $216,150 be, and the same is hereby, ap- propriated from the allotment of Motor Fuel Tauc Funds of the City to pay prin- cipal and interest to becane due in 1993 and 1994 on those bonds of the City issued to pay for the repair and refurbishing of Brush College Road and Faries Parkway Intersection. Section 2. That the City Clerk be, and ehe is hereby, authorized and directed to cause three certified capies of this Resolution to be transmitted to the Illinois Department of Transportation through the District Sngineer. PRBS8NT8D AND ADOPT$D this ��uay of ��,s,�— , 1992. � , � ,ti �� ti`0 .L-' . MAYOR ATTBST: ITY C BRK