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RESOLUTION NO. R l / �` `e <br /> RESOLUTION APPROPRIATING FUNDS FOR PAYMENT <br /> OF PRINCIPAL OF AND INTEREST ON GENERAL <br /> OBLIGATION BONDS - GARFIfiLD OVERPASS <br /> WHEREBY, by Ordinance No. 82-117 passed and approved December 7, <br /> 1982, bonds of the City were issued and funds appropriated, among other <br /> things, for the repair and refurbishing of the railroad overpass on East <br /> Garfield Avenue in the City; and, <br /> WHEREAS, a copy of said ordinance has been filed with the Illinois <br /> Department of Revenue; and, <br /> WHEREAS, the Council find it to be in the best interests of the <br /> City to apply Motor Fuel Taxes allocated to the City in payment of the <br /> principal of and interest on said bonds to become due in 1993 in lieu of <br /> general taxes levied for the year 1991, by the provisions of said <br /> ordinance; and, <br /> WHEREAS, the levy of said general taxes for the year 1991 as <br /> provided by said ordinance have been abated in the amount of $224,138 of <br /> which amount $107,587 is for such principal of and interest on that <br /> portion of the bonds the proceeds of which apply to said repair and <br /> refurbishing. <br /> NOW, THEREFORE, BE IT RESOLVED BY THfi COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the sum of $107,587 be, and the same, is hereby, <br /> appropriated from the allotment of Motor Fuel Tax Funds of the City to <br /> pay principal and interest to become due in 1993 on those bonds of the <br /> City issued to pay for the repair and refurbishing of Garfield Overpass <br /> as aforesaid. <br /> Section 2. That the City Clerk be, and she is hereby, authorized <br /> and directed to cause three certified copies of this Resolution to be <br /> transmitted to the Illinois Department of Transportation through the <br /> District Engineer. <br /> PRESENTED AND ADOPTFsD this Y�'�'7�s�ay of , <br /> —��..- <br /> 1991. <br /> YOR <br /> ATTEST: <br /> � <br /> \ <br /> C CLERK <br />