HomeMy WebLinkAboutOrdinance #4016 (Bond Levy for 2015-2016 Fiscal Year) CERTIFICATE
STATE OF ILLINOIS, )
CITY OF CANTON, ) SS.
COUNTY OF FULTON. )
I, Diana Pavley-Rock, City Clerk of the City of Canton, in the County of Fulton, and the State of
Illinois, do hereby certify that as the City Clerk of the City of Canton, I am the keeper of records,
minutes, ordinances, and other books, records and papers of said City, and that the foregoing is
a true and correct copy of:
ORDINANCE#4016
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2015-2016 FISCAL YEAR
($26,430,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES 2005,$10,000,000
PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES 2012 AND $2,810,000 PRINCIPAL
AMOUNT ALTERNATE REVENUE BONDS SERIES 2013).
Adopted by the City Council of said City and approved by the Mayor thereof on the 15TH day of
December 2015
Witness my hand and the corporate seal of the City of Canton, Illinois,this 15TH day of
December 2015
Diana Pavley-Rock, City Clerk
(SEAL) FIL D
DEC a 120'5
0 COUNTY,IL.
FULTON
ORDINANCE #4016
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE
2015-2016 FISCAL YEAR
($26,430,000 PRINCIPAL AMOUNT ALTERNATE REVENUE BONDS SERIES 2005,
$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 #1847, previously authorized the
issue of$26,430,000 Principal Amount Alternate Revenue Bonds, Series 2005, and,
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, the City of Canton has, by Ordinance #4004, previously authorized the
issue of$3,250,000 Principal Amount Alternate Revenue Bonds, Series 2015 which refunded the
Series 2005 Alternate Revenue Bonds; 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 2015-2016 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$3,325,000.00 Alternate Revenue Bonds, Series 2015,
refunding the issue of $26,430,000.00 Alternate Revenue Bonds, Series 2005, for the
City of Canton 2015-2016 fiscal year be, and the same hereby is, abated in its entirety in
the amount of$1,670,925.00.
2. The levy for the City of Canton $10,000,000.00 Alternate Revenue Bonds, Series
2012, for the City of Canton 2015-2016 fiscal year be, and the same hereby is, abated in
its entirety in the amount of$367,535.00.
3. The levy for the City of Canton $2,810,000.00 Alternate Revenue Bonds, Series 2013,
for the City of Canton 2015-2016 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$103,640.00.
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.
NLR Documents/Ordinances
12/10/15
i
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 15th day of December 2015.
AYES: Aldermen Craig West, Tad Putrich,Jim Nelson,Ryan Mayhew,Justin
Nelson, Gerald Ellis,John Lovell,Angela Hale
NAYS: None
ABSENT: None
APPROVED:
e fre . Fritz,Mayor
APP OVED:
Dian vley-Roc City Clerk
NLR Documents/Ordinances
12/10/15