O-47-15 Ordinance Abating The Tax Heretofore Levied For The Year 2015 To Pay Debt Services On $7,000,000 VILLAGE OF LEMONT
ORDINANCE ° 4 7-( �
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED
FOR THE YEAR 2015 TO PAY DEBT SERVICE ON$7,000,000 GENERAL
OBLIGATION BONDS, SERIES 2007A (ALTERNATE REVENUE SOURCE),
AND $2,215,000 GENERAL OBLIGATION BONDS, SERIES 2008
(ALTERNATE REVENUE SOURCE) OF THE VILLAGE OF LEMONT,
COOK,DU PAGE AND WILL COUNTIES, ILLINOIS
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 14th day of December,2015
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 14th day
of December ,2015
ORDINANCE D
AN ORDINANCE ABATING THE TAX HERETOFORE LEVIED FOR THE YEAR 2015
TO PAY DEBT SERVICE ON $7,000,000 GENERAL OBLIGATION BONDS, SERIES
2007A (ALTERNATE REVENUE SOURCE), AND $2,215,000 GENERAL OBLIGATION
BONDS, SERIES 2008 (ALTERNATE REVENUE SOURCE) OF THE VILLAGE OF
LEMONT,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 0-108-07 adopted
on the 10th day of December, 2007 (the "Ordinance"), did provide for the issue of$7,000,000
General Obligation Bonds, Series 2007A (Alternate Revenue Source), and $2,215,000 General
Obligation Bonds, Series 2008 (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 2015 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 2015 in
Ordinance Number 0-108-07 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 2015 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 14th day of December ,2015.
AYES NAYS PASSED ABSENT
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Rick Sniegowski
Ronald Stapleton
Jeanette Virgilio
tC-
B: • . REA Vill r esident
Attest:
-/-41 -
CHARLENE SMOLLEN,Village Clerk
I
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