HomeMy WebLinkAboutOrdinance #3044 Prepared by: The City of Canton
Diana Pavley Rock
2 North Main Canton II 61520
Return to: The City of Canton
Diana Pavley-Rock
2 North Main Canton II 61520 b�C � 6 2013 "
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cERTiFicaTE �UNTY C_L_E�I�
�ULT�N COUN°f�Y, I�;
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 foregoring
is a true and correct copy of:
ORDINANCE#3044
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2013-2014 FISCAL YEAR
$26,430,000 PRINCIPAL AMOUNT
ALTERNATE REVENUE BONDS SERIES 2005
$10,000,000 PRINCIPAL AMOUNT
ALTERNATE REVENUE BONDS SERIES 2012
$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 17th day of
December 2013
Witness my hand and the corporate seal for the City of Canton ' is, this th day of
December 2013
Diana Pavley-Rock, City Clerk
(SEAL)
Prepared by: The City of Canton
Diana Pavley Rock
2 North Main Canton II 61520
Return to: The City of Canton
Diana Pavley-Rock
2 North Main Canton II 61520
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 foregoring
is a true and correct copy of:
ORDINANCE#3044
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2013-2014 FISCAL YEAR
$26,430,000 PRINCIPAL AMOUNT
ALTERNATE REVENUE BONDS SERIES 2005
$10,000,000 PRINCIPAL AMOUNT
ALTERNATE REVENUE BONDS SERIES 2012
$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 17th day of
December 2013
Witness my hand and the corporate seal for the City of Canton ' is, this t" day of
December 2013 �>
Diana Pavley-Rock, City Clerk
(SEAL)
ORDINANCE#3044
AN ORDINANCE ABATING ALL OF THE BOND LEVY FOR THE 2013-2014 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, it now appears that the City has, or wil) have, on hand, water and sewer
funds sufficient to abate all of such bond levy for the City's 2013-2014 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 $26,430,000 Alternate Revenue Bonds, Series 2005,
for the City of Canton 2013-2014 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$1,692,205.00.
2. The levy for the City of Canton $10,000,000 Alternate Revenue Bonds, Series 2012,
for the City of Canton 2013-2014 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$360,936.25.
3. The levy for the City of Canton $2,810,000 Alternate Revenue Bonds, Series 2013, for
the City of Canton 2013-2014 fiscal year be, and the same hereby is, abated in its
entirety in the amount of$110,063.75.
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 17t" day of December 2013.
AYES: Aldermen Pasley, Lovell, Ellis,Justin Nelson, Pickel,Jim Nelson, Putrich, West
NAYS: None
ABSENT: None
APPROVED:
�'
effrey A. , Mayor
APP VE • � �
� �e �
Diana Pavley-Rock, City Clerk