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83-47 AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT
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83-47 AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT
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9/14/2016 9:06:51 AM
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9/14/2016 9:06:47 AM
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Resolution/Ordinance
Res Ord Num
83-47
Res Ord Title
AUTHORIZING AND DIRECTING THE EXECUTION OF AN ESCROW AGREEMENT IN CONNECTION WITH THE ISSUE OF $12,760,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 1983, OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS
Approved Date
6/20/1983
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. , .. � �Vi1�R p�l���� <br /> Macon County. The County is governed by a 21 member elected Board of <br /> Supervisors and is respoasible f or police services, road maintenance, recording, <br /> maintaining the County court system conducting elections and extending and <br /> collecting taxes. The County's major sources of revenue include property taxes, <br /> usez fees , State income tax receipts , motor fuel tax monies, and State and <br /> Federal grants. <br /> Decatur Sanitary District. The Sanitary District, governed by a Board <br /> composed of five trustees appointed by the County Board of Supervisors, is <br /> responsible for the sewage disposal and treatment plant serving the Decatur and <br /> the County. See "Economic and Demographic Factors -- Utilities:' The Sanitary <br /> District's major sources of revenue are property taxes and sewer service <br /> charges. The Sanitarp District has recently fssued $15,000,000 of general <br /> obligation debt, which is funding a portion of an expected $100,000,000 series <br /> of projects which will improve, replace and construct the infrastructure through <br /> to the treatment plant. <br /> Decatur Park District. The Park District, governed by five elected <br /> commissioners, operates Decatur's 47 public parks of appraximately 2,000 acres, <br /> plus the 1,015 acre Decatur Municipal Airport. See "Economic and Demographic <br /> Factors -- Transportation:' The Park District's major sources of revenue are <br /> property taxes, fees and charges for services. <br /> Richland Com munity College District. The Richland Community College <br /> District encampasses Macon County and portions of seven other counties and is <br /> governed by 7 member elected Board. The District's major sources of revenue are <br /> property taxes, tuition and State aid to education. <br /> Macon County Conservation District. The Macon Caunty Coaservation District <br /> is governed bp a 5 member board appointed by the County Board of Supervisors. <br /> It operates under the State Conservation District Act to acquire, preserve and <br /> maintain wild, open and scenic lands for the educa[ion, pleasure and recreation <br /> of the public. Its ma,jor sources of revenue include property taxes, leases, <br /> user fees and, to a lesser extent, Federal and State grants. <br /> 10 <br />
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