HomeMy WebLinkAboutOrdinance #1998ORDINANCE NO. . 19 9 8
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2009-2010
FISCAL YEAR ($26,430,000 PRINCIPAL AMOUNT ALTERNATE REVENUE
BONDS SERIES 2005).
WHEREAS, the City of Canton has by Ordinance No. 1847 previously authorized the
issue of $26,430,000 Principal Amount Alternate Revenue Bonds, Series 2005; 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 2009-2010 fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF CANTON, Fulton County, Illinois as follows:
1. That $2,239,330 of the levy for the City of Canton $26,430,000 alternate
Revenue Bonds, Series 2005, for the City of Canton 2009-2010 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 $2,239,330 of said levy.
4. 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 at a regular
meeting this 15th day of December , 2009
AYES• Aldermen Reed, Schenck, West, Sarff, Rivero, Ellis,
Hartford.
NAYS: None .
ABSENT: None .
APPROVED:
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Kevin R. Meade, Mayor
APPROVED:
Nancy Whit ,City Clerk