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HomeMy WebLinkAboutOrdinance # 1960ORDINANCE NO. 1960 AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2008-2009 FISCAL YEAR ($1,150,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES 2002) WHEREAS, the City of Canton has by Ordinance No. 1720 previously authorized the issue of $1,150,000 principal amount Alternate Revenue Bonds Series 2002; and, WHEREAS, it now appears that the City has, or will have on hand, sewer and water funds sufficient to abate all of such bond levy for the City's 2008-2009 fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CANTON, Fulton County, Illinois as follows: 1. That $172,561.25 of the levy for the City of Canton $1,150,000 alternate Revenue Bonds, Series 2002, for the City of Canton 2008- 2009 fiscal year be, and the same hereby is, abated. 2. That all other levies are hereby reaffirmed and ratified. 3. That the City Clerk shall certify a copy of this Ordinance to the Fulton County Clerk as and for said Clerk's authority to abate $172,561.25 of said levy. 4. That this Ordinance shall be in full force and effect immediately upon its passage by the Gity Council of the City of Canton, Fulton County, Illinois, and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 16th day of December , 2008. AYES • Aldermen Lewis, Gtxa~ru3.berg, Threes, Niddifer, Giest, Sarff, • B~nar di , Schenck . NAYS: None . ABSENT: None , ATTEST: ~` ~ ~~~, Nancy ites, City Clerk APPROVE ~~ Kevin R. Meade, Mayor