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. <br /> , <br /> . �; . <br /> , . . .� ... <br /> , ,_ ;t���,... •> . .. y�;� <br /> '����µ• � ..f�6.�&7 <br /> t:lS�t.:t �:. <br /> ORDINANCE N0. �— / 0 <br /> ORDINANCE APPROPRIATING FUNDS <br /> FOR PAYMENT OF PRINCIPAL OF AND <br /> INTEREST ON GENERAL OBLIGATION <br /> BONDS - GARFIELD OVERPASS <br /> WHEREAS , by Ordinance No . 82-117 passed and approved <br /> December 7 , 1982 , bonds of the City were issued and funds <br /> appropriated , among other things , for the repair and refurbishing <br /> of the railroad overpass on East Garfield. Avenue in the City; <br /> and , <br /> WHEREAS, a copy of said ordinance has been filed with the <br /> Illinois Department of Revenue ; and , <br /> WHEREAS, this project is now complete with funds remaining <br /> which can only be applied to debt service on the outstanding <br /> bonds ; and, <br /> WHEREAS, the Council finds it to be in the best interests <br /> of the City to apply remaining funds in the Garfield Overpass <br /> Bond Fund in payment of the principal of and interest on said <br /> bonds to become due in calendar 1986 in lieu of general taxes <br /> levied for the year 1984 by the provisions of said ordinance ; <br /> and ,. <br /> WHEREAS, the levy of said general taxes for the year 1984 <br /> as provided by said ordinance have been abated in the amount of <br /> $310, 200 of which amount $161 , 304 is for such principal of and <br /> interest on that portion of the bonds the proceeds of which apply <br /> to said repair and refurbishing . <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS : <br /> Section 1 . That the sum of $161 , 304. 00 be , and the same is <br /> hereby, appropriated from the Garfield Overpass Bond Fund of the <br /> City to pay principal and interest to become due in calendar 1986 <br /> on those bonds of the City issued to pay for the repair and <br /> refurbishing of Garfield Overpass as aforesaid. <br /> Section 2 . That the City Clerk be , and she is hereby, <br /> authorized and directed to cause three certified copies of this <br /> Ordinance to be transmitted to the Illinois Department of <br /> Transportation through the District Engineer . <br />