S-765 - 12/14/1993 - BOND - Ordinances ORDINANCE NO. 93-TX-AB-SC-S-765
AN ORDINANCE PROVIDING FOR THE PARTIAL ABATEMENT OF THE 1993
TAX LEVY OF THE tIO.270,000 GENERAL OBLIGATION RECREATION BONDS OF
THE VILLAGE OF OAK BROOK, ILLINOIS DATED SEPTEMBER 111977
WHEREAS, the Village of Oak Brook, DuPage and Cook Counties, Illinois
has heretofore issued General Obligation Recreational Bonds, dated September 1,
1977, in the total amount of $10,270,000 pursuant to Ordinance S-385, certified
copies of which ordinance were duly filed with the County Clerks of Cook County
and DuPage County, respectively, as required by law; and
WHEREAS, the Village of Oak Brook has allocated revenues for the purpose
of paying a portion of the principal and interest on the bonds, aforesaid, that was
to be paid from the proceeds of the 1993 tax levy, said principal and interest
together totalling $922,050.00.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES,
ILLINOIS as follows:
Section 1: That the tax levy of the Village of Oak Brook, DuPage and Cook
Counties, Illinois, to be extended for the year 1993 for the purpose of paying the
principal and interest on the $10,270,000 General Obligation Recreation Bonds,
dated September 1, 1977, be and the same is reduced and abated in the amount of
One Hundred Eighty Thousand Dollars and No Cents ($180,000.00), thus
reducing the said 1993 tax levy to $742,050-00.
Section 2: That the abatement herein made in Section 1 hereof shall be in
addition to any other reductions in said levy legally required to be made pursuant
to the provisions of Chapter 30 of the Illinois Compiled Statutes, Section 115/12,
relative to the Personal Property Tax Replacement Fund.
Section 3• That a certified copy of this Ordinance be filed forthwith with
the County Clerk of DuPage County and with the County Clerk of Cook County.
Section 4: That this Ordinance shall be in full force and effect from and
after its passage and approval as provided by law.
PASSED this 14th day of December 1993.
Ayes: Trustees Bartecki, Kenny, McInerney, Payovich and Skinner
Nays: Trustee Shumate
Absent: None
Ordinance No. 93-TX-AB-SC-S-765
Partial Abatement of 1993 Tax Levy
of the $10,270,000 General Obligation
Recreation Bonds
Page 2
Abstain: None
APPROVED this 14th day of December 1993.
Village President
ATTEST:
ilia a Clerk
Approved as to Form:
Levi
Village Attorney
Published
Date Paper
Not Published Yx
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