O-94-10 Abating Tax $1,525 GO Bonds 2005VILLAGE OF LEMONY
ORDINANCE ~~'- /(~
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED FOR THE YEAR 2010
TO PAY DEBT SERVICE ON $1,525,000 GENERAL OBLIGATION BONDS, SERIES
2005 (ALTERNATE REVENUE SOURCE)
OF THE VILLAGE OF LEMONY, COOK, DU PAGE
AND WILL COUNTIES, ILLINOIS
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONY
This 13th day of December , 2010
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 13"' day
of December , 2010
ORDINANCE(/ '" ~''~(Q
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED FOR THE YEAR ZO10
TO PAY DEBT SERVICE ON $1,525,000 GENERAL OBLIGATION BONDS, SERIES 2005
(ALTERNATE REVENUE SOURCE) OF THE VILLAGE OF LEMONY, COOK, DU PAGE
AND WILL 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 0-25-OS adopted
on the 28" day of February, 2005 (the "Ordinance"), did provide for the issue of $1,525,000
General Obligation Waterworks & Sewerage Refunding Bonds, Series 2005 (Alternate Revenue
Source), (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 2010 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 2010 in
Ordinance Number 0-25-OS 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 2010 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 LEMONY, COOK, WILL & DU PAGE COUNTIES, ILLINOIS on this
13th day of December , 2010.
AYES NAYS PASSED ABSENT
Debby Blatzer
Paul Chialdikas i/'
Clifford Miklos ~/
Rick Sniegowski ~/'
Ronald Stapleton
Jeanette Virgilio
RIAN K. REAVES, Village President
Attest:
CHARLENE SMOLLEN, Village Clerk