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CERTIFICATE
THE UNDERSIGNED CERTIFIES THAT SHE IS THE CITY CLERK FOR THE CITY OF
CANTON,ILLINOIS,AND THAT THE CITY COUNCIL AT A REGULARLY CONSTITUTED
MEETING OF SAID CITY COUNCIL OF THE CITY OF CANTON ON THE 19TH DAY OF
DECEMBER 2017 ADOPTED ORDINANCE # 4090 A TRUE AND CORRECT COPY OF
WHICH IS CONTAINED IN THIS PAMPIILET.
GIVEN UNDER MY HAND AND SEAL THIS 19TH DAY OF DECEMBER 2017
(SEAL)
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CITY CLERK �D�EC,,2 1 2011
COUNTY CLLEERK�
FULTON COUNT/, IL.
CITY OF CANTON, ILLINOIS
ORDINANCE 4090
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2017-2018 FISCAL
YEAR($10,000,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES
2012, AND$2,810,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS
SERIES 2013
PASSED BY THE CITY COUNCIL
OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS,
ON THE 19TH DAY DECEMBER 2017
PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY
COUNCIL OF THE CITY OF CANTON, FULTON COUNTY, ILLINOIS,
THIS 19TH DAY OF DECEMBER 2017
EFFECTIVE: DECEMBER 19, 2017
ORDINANCE#4090
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE
2017-2018 FISCAL YEAR
($10,000,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES 2012,
AND $2,810,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS
SERIES 2013)
WHEREAS, the City of Canton has, by Ordinance #3005, previously authorized the
issue of$10,000,000 Principal Amount Alternate Revenue Bonds, Series 2012, and, the issue of
$2,810,000 Principal Amount Alternate Revenue Bonds, Series 2013, and,
WHEREAS, it now appears that the City has, or will have, on hand, water and sewer
funds sufficient to abate all of such bond levy for the City's 2017-2018 fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CANTON,FULTON COUNTY,ILLINOIS AS FOLLOWS:
1. The levy for the City of Canton $10,000,000.00 Alternate Revenue Bonds, Series
2012, for the City of Canton 2017-2018 fiscal year be, and the same hereby is, abated in
its entirety in the amount of$1,694,175.00.
3. The levy for the City of Canton $2,810,000.00 Alternate Revenue Bonds, Series 2013,
for the City of Canton 2017-2018 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$502,590.00.
4. That all other levies are hereby reaffirmed and ratified.
5. 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 the said levies in their entirety.
6. That this Ordinance shall be in full force and effect immediately upon its passage by
the City 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 as a regular meeting
this 19TH day of December 2017.
AYES: Alderman Ryan Mayhew,Chris Jump,John Lovell, Craig West, Tad
Putrich, Angeila Lingenfelter,Justin Nelson
NAYS: None
ABSENT: Alderwoman Angela Hale
APPROVED:
, ,
Kent'cDowell,Mayor
APP 'OVA I :
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