O-86-11 Ord Abating Tax Levied 2011 $1.755M S2010ORDINANCE ~I~~~
AN ORDINANCE ABATING- THE TAX HERETOFORE LEVIED FOR THE YEAR 2011
TO PAY DEBT SERVICE ON $1,755,000 GENERAL OBLIGATION BONDS, SERIES
2010 (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 0-07-10 adopted
on the 9TH day of March, 2010 (the "Ordinance"), did provide for the issue of $1,755,000
General Obligation Bonds, Series 20.10 (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 2011 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 2011 in
Ordinance Number 0-07-10 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 2011 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 12th day of December , 2011.
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Rick Sniegowski
Ronald Stapleton
Jeanette Virgilio
AYES NAYS
_ _ ~/
PASSED ABSENT
Attest:
v
r
K. S, Village President
ARLENE SMOLLEN, Village Clerk