O-78-12 12-10-2012VILLAGE OF LEMONT
ORDINANCE V "1 S' I) .
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED
FOR THE YEAR 2012 TO PAY DEBT SERVICE ON $5,000,000
GENERAL OBLIGATION WATERWORKS AND SEWERAGE BONDS
(ALTERNATE REVENUE SOURCE), SERIES 2010A AND
BUILD AMERICA BONDS (DIRECT PAYMENT) OF THE
VILLAGE OF LEMONT, COOK, WILL AND DU PAGE COUNTIES, ILLINOIS
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 101h day of December, 2012
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will, and
DuPage, Illinois this 101h day
of December , 2012
ORDINANCE 0 -If J2_
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED FOR THE YEAR 2012
TO PAY DEBT SERVICE ON $5,000,000 GENERAL OBLIGATION WATERWORKS AND
SEWERAGE BONDS (ALTERNATE REVENUE SOURCE), SERIES 2010A AND BUILD
AMERICA BONDS (DIRECT PAYMENT) OF THE VILLAGE OF LEMONT, COOK,
WILL AND DU PAGE COUNTIES, ILLINOIS
WHEREAS, the President and Board of Trustees (the 'Board ") of the Village of
Lemont, Cook, DuPage and Will Counties, Illinois (the "Village "), by Ordinance 0- 103 -10 adopted
on the 13TH day of December, 2010 (the "Ordinance "), did provide for the issue of $5,000,000
General Obligation Bonds Waterworks and Sewerage Bonds, Series 2010A (Alternate Revenue
Source), and Build America Bonds (Direct Payment) (the "Bonds), and the levy of a direct annual
tax sufficient to pay principal and interest on the bonds; and
WHEREAS, the Village will have pledged revenues (as defined in the Ordinance)
available for the purpose of paying the debt service due on the Bonds during the next
succeeding bond year; and
WHEREAS, it is necessary and in the best interests of the Village that the tax
heretofore levied for the year 2012 to pay such debt service on the Bonds be abated;
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees of
the Village of Lemont, Cook, DuPage and Will Counties, Illinois; as follows:
Section 1. Abatement of Tax. The tax heretofore levied for the year 2012 in
Ordinance Number 0- 103 -10 is hereby abated in its entirety.
Section 2. Filing of Ordinance. Forthwith upon the adoption of this ordinance, the
Village shall file a certified copy hereof with the County Clerks of Cook, DuPage and Will
Counties, Illinois, and it shall be the duty of said County Clerks to abate said tax levied for
the year 2012 in accordance with the provisions hereof.
Section 3. Effective Date. This Ordinance shall be in full force and effect forthwith
upon its adoption.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COOK, WILL & DU PAGE COUNTIES, ILLINOIS on this
10th day. of December , 2012.
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Rick Sniegowski
Ronald Stapleton
Jeanette Virgilio
Attest:
AYES
L
NAYS PASSED ABSENT
CHARLENE SMOLLEN, Village Clerk
K. REAVES, Village President