HomeMy WebLinkAboutOrdinance #4323 FILED
ORDINANCE abating the taxes heretofore levied for the yF (22t 2023
to pay debt service on $4,870,000 General Obligation
Refunding Bonds (Alternate Revenue Source), Series 20210,
$7,560,000 General Obligation Refunding Bo teri3a�e
Revenue Source), Series 2020A, of the City o' l ton, Fulton TON COUNTY, IL
County, Illinois.
WHEREAS, the City Council (the "Council") of the City of Canton, Fulton County,
Illinois, an Illinois municipal corporation (the "City"), by ordinance adopted on the 5th day of
November, 2019 and by Bond Order executed on the 23rd day of January, 2020 (the "Bond
Ordinance"), did provide for the issue of $4,870,000 General Obligation Refunding Bonds
(Alternate Revenue Source), Series 2020 (the "2020 Bonds"), and the levy of a direct annual tax
sufficient to pay principal and interest on the 2020 Bonds; and
WHEREAS, the Board, by said Bond Ordinance, and by Bond Order executed on the
10th day of June, 2020, did further provide for the issue of. $7,560,000 General Obligation
Refunding Bonds (Alternate Revenue Source),.Series 2020A (the "2020A Bonds," and, together
with the 2020 Bonds, the "Bonds"), and the levy of a-direct annual tax sufficient to pay principal
and interest on the 2020A Bonds; and
WHEREAS, the City has Pledged Revenues (as defined in the Ordinance) on deposit in
the Bond Fund (as defined in the Ordinance) available for the purpose of paying debt service on
the Bonds heretofore imposed by the 2022 levy; and
WHEREAS, such Pledged Revenues are hereby directed to be used for the purpose of
paying debt service on the Bonds; and
WHEREAS, it is necessary and in the best interests of the City that the taxes heretofore
levied for the year 2022 to pay the Bonds be abated:
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NOW, THEREFORE, Be It and It is Hereby Ordained by the City Council of the City of
Canton, Fulton County, Illinois, as follows:
Section 1. Abatement of Taxes. The taxes heretofore levied for the year 2022 in the
Ordinance are hereby abated as follows:
2020 BONDS
AMOUNT OF 2022 LEVY AMOUNT TO REMAINDER OF
CURRENTLY ON FILE BE ABATED LEVY ON FILE
$633,400.00, $633,400.00, $0.00
2020A BONDS
AMOUNT OF 2022 LEVY AMOUNT TO REMAINDER OF
CURRENTLY ON FILE BE ABATED LEVY ON FILE
1,486,975.00 1,486,975.00, $0.00
Section 2. Filing of Ordinance. Forthwith upon the adoption of this abatement
ordinance, the City Clerk of the City shall file a certified copy hereof with the County Clerk and
it shall be the duty of the County Clerk to abate said taxes levied for the year 2022 in accordance
with the provisions hereof.
Section 3. Effective Date. This abatement ordinance shall be in full force and effect
forthwith upon its adoption.
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ADOPTED this 20th day of December, 2022 by a roll call vote as follows:
AYES: Andrea Chamberlain, Justin Nelson, John Lovell,Ralph Grimm,Angela Hale, Jeff
Fritz, Angela Lingenfelter, Greg Gossett
NAYS:L/
ABSENT:
APPROVED this 20th day of December, 2022.
�L
Mayor
ATTEST:
C ty Clerk
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Alderwoman Andra Chamberlain moved and Alderman
seconded the motion that said ordinance as presented and read by title
be adopted.
After a full discussion thereof, the Mayor directed that the roll be called for a vote upon
the motion to adopt said ordinance.
Upon the roll being called, the following Aldermen voted AYE: Andrea Chamberlain,
Justin Nelson, John Lovell, Ralph Grimm, Angela Hale, Jeff Fritz, Angela Lingenfelter, Greg
Gossett
NAY:
Whereupon the Mayor declared the motion carried and said ordinance adopted, approved
and signed the same in open meeting and directed the City Clerk to record the same in the records
of the City Council of the City of Canton, Fulton County, Illinois, which was done.
Other business not pertinent to the adoption of said ordinance was duly transacted at the
meeting.
Upon motion duly made, seconded and carried, the meeting was adjourned.
ity Clerk
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MINUTES of a regular public meeting of the City Council of the City
of Canton, Fulton County, Illinois, held at the Council Chambers of
the City, 50 North 4th Avenue (Donald E. Edwards Way), Canton,
Illinois, at 6:30 p.m., on the 20th day of December, 2022.
The Mayor called the meeting to order and directed the City Clerk to call the roll.
Upon the roll being called, _Kent McDowell_, the Mayor, and the following Aldermen at
said location answered present: Andra Chamberlain, Justin Neslon, John Lovell, Ralph Grimm,
Angie Hale, Jeff Fritz, Angela Lingenfelter, Greg Gossett.
The following Aldermen were allowed by a majority of the members of the City Council
in accordance with and to the extent allowed by rules adopted by the City Council to attend the
meeting by video or audio conference:
The following Aldermen were absent and did not participate in the meeting in any manner
or to any extent whatsoever:
The Mayor announced that the next item of business before the City Council was the
consideration of an ordinance abating the taxes heretofore levied for the year 2022 to pay debt
service on the City's outstanding $4,870,000 General Obligation Refunding Bonds (Alternate
Revenue Source), Series 2020, and $7,560,000 General Obligation Refunding Bonds (Alternate
Revenue Source), Series 2020A.
Whereupon the Mayor presented and the City Clerk read by title an ordinance as follows,
a copy of which was provided to each Alderman prior to said meeting and to everyone in
attendance at said meeting who requested a copy:
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STATE OF ILLINOIS )
SS
COUNTY OF FULTON )
FILING CERTIFICATE
I, the undersigned, do hereby certify that I am the duly qualified and acting County Clerk
of the County of Fulton, Illinois, and as such official I do further certify that on the day of
December, 2022, there was filed in my office a duly certified copy of an ordinance entitled:
ORDINANCE abating the taxes heretofore levied for the year 2022
to pay debt service on $4,870,000 General Obligation Refunding
Bonds (Alternate Revenue Source), Series 2020, and' $7,560,000
General Obligation Refunding Bonds (Alternate Revenue Source),
Series 2020A, of the'City of Canton, Fulton County, Illinois.
duly adopted by the City Council of the City of Canton, Fulton County, Illinois, on the 20th day
of December, 2022, and that the same has been deposited in the official files and records of my
office.
I do further certify that the'taxes heretofore levied for the year 2022 for the payment of
$4,870,000 General Obligation Refunding Bonds (Alternate Revenue Source), Series 2020, and
$7,560,000 General Obligation Refunding Bonds (Alternate Revenue Source), Series 2020A, as
described in said ordinance will be abated in their entirety as provided in said ordinance.
In Witness Whereto, I hereunto affix my official signature and the seal of said County,this
day of December, 2022.
! CE 0' ,,�
'c County blerk o ulton County, Illinois
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STATE OF ILLINOIS )
SS
COUNTY OF FULTON )
CERTIFICATION OF ORDINANCE AND MINUTES
I, the undersigned, do hereby certify that I am the duly qualified and acting City Clerk of
the City of Canton,Fulton County, Illinois (the"City"), and as such official I am the keeper of the
records and files of the City and the City Council.
I do further certify that the foregoing constitutes a full, true and complete transcript of the
minutes of the meeting of the City Council held on the 20th day of December, 2022, insofar as
same relates to the adoption of an ordinance entitled:
ORDINANCE abating the taxes heretofore levied for the year 2022
to pay debt service on $4,870,000 General Obligation Refunding
Bonds (Alternate Revenue Source), Series 2020, and $7,560,000
General Obligation Refunding Bonds (Alternate Revenue Source),
Series 2020A, of the City of Canton, Fulton County, Illinois.
a true, correct and complete copy of which said ordinance as adopted at said meeting appears in
the foregoing transcript of the minutes of said meeting.
I do further certify that the deliberations of the City Council on the adoption of said
ordinance were conducted openly, that the vote on the adoption of said ordinance was taken
openly,that said meeting was called and held at a specified time and place convenient to the public,
that notice of said meeting was duly given to all of the news media requesting such notice, that an
agenda for said meeting was posted at the location where said meeting was held and at the principal
office of the City Council at least 48 hours in advance of the holding of said meeting, that said
meeting was called and held in strict compliance with the provisions of the Open Meetings Act of
the State of Illinois, as amended, and that the City Council has complied with all of the provisions
of said Act and with all of the procedural rules of the City Council in the passage of said ordinance.
IN WITNESS WHEREOF, I hereunto affix my official signature, this 20th day of December,
2022.
IlZity Cler
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