HomeMy WebLinkAbout#4121 Abating All of the Bond Levy for the 2018-2019 Fiscal Year SEND TO:
DIANA PAVLEY-ROCK-CITY CLERK
2 NORTH MAIN
CANTON IL 61520
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 18TH DAY OF
DECEMBER 2018 ADOPTED ORDINANCE NO 4121 A TRUE AND CORRECT COPY OF
WHICH IS CONTAINED IN THIS PAMPHLET.
GIVEN UNDER MY HAND AND SEAL THIS 18TH DAY OF DECEMBER 2018.
(SEAL)
FILED
DEC 2 6 20%
DIANA PAV EY-ROCK UNTY CLERK
CITY CLERK FULTON COUNTY, IL,
ORDINANCE #4121
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE
2018-2019 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 2018-2019 fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CANTON, FULTON COUNTY, ILLINOIS AS FOLLOWS:
I. The levy for the City of Canton $10,000,000.00 Alternate Revenue Bonds, Series
2012, for the City of Canton 2018-2019 fiscal year be, and the same hereby is, abated in
its entirety in the amount of$1,696,190.00.
3. The levy for the City of Canton$2,810,000.00 Alternate Revenue Bonds, Series 2013,
for the City of Canton 2018-2019 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$486,385.00
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 18 day of December 2018.
AYES: Aldermen Ryan Mayhew,Justin Nelson,John Lovell, Craig West, Angela
Hale
NAYS: None
ABSENT: Aldermen Lingenfelter,Quin Mayhew
ABTAIN: Aldermen Tad Putrich
/ APPRO ED:
Key bDowell,Mayor
PRO
V
Diana Pavley-Rock, City Clerk