File #: 970333    Version: 0 Name: Abatement - Portion of 1997 Tax Levy (Ordinance Attached) (Waiver of First Requested)
Type: Ordinance Status: Passed
File created: 1/6/1998 In control: Village Board
On agenda: 1/22/1998 Final action: 1/22/1998
Title: AN ORDINANCE PROVIDING FOR THE ABATEMENT OF A PORTION OF THE TAX LEVY
Indexes: abatement, Tax Levy
Attachments: 1. Ordinance 4405 Providing for Abatement of the 1997 Tax Levy
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
1/22/19980 Village Board waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Not available

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AN ORDINANCE PROVIDING FOR THE ABATEMENT

OF A PORTION OF THE TAX LEVY

 

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                     WHEREAS, the Village of Lombard, a municipal corporation, has heretofore issued its General Obligation Bonds dated November 1, 1989, in the amount of $1,000,000; and

 

                     WHEREAS, the Village of Lombard has funds available for the purpose of retiring (a portion of the) principal and interest of the bonds aforesaid that was to be paid from the proceeds of the 1997 tax levy, said principal and interest totaling $87,463.

 

                     NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LOMBARD, DUPAGE COUNTY, ILLINOIS, as follows:

 

                     Section 1:  That the tax levy to be extended for the year 1997 for the purpose of paying principal and interest of the General Obligation Bonds dated November 1, 1989, aforesaid, be and the same is reduced and abated in the amount of $87,463.

 

                     Section 2:  That a certified copy of this Ordinance be filed forthwith with the County Clerk of DuPage, Illinois.

 

                     Section 3:  That this Ordinance shall be in full force and effect from and after its adoption and approval as provided by law.

 

Passed on first reading this _____ day of ___________________________________________, 1998

 

First reading waived by action of the Board of Trustees this _____ day of _________________, 1998

 

Passed on second reading this _____ day of _________________________________________, 1998

 

AYES:                     

 

NAYS:                     

 

ABSENT:                     

 

APPROVED by me this _______ day of ___________________________________________, 1998

 

                                                                                                                              ______________________________________________

                                                                                                                              William J. Mueller

                                                                                                                              Village President

 

 

 

 

 

 

 

 

 

ATTEST:

 

____________________________________

Lorraine G. Gerhardt

Village Clerk

 

 

Published by me in pamphlet form this _____ day of __________________________________, 1998

 

 

                                                                                                                              ______________________________________________

                                                                                                                              Lorraine G. Gerhardt

                                                                                                                              Village Clerk

 

APPROVAL AS TO FORM:

 

___________________________________

Thomas P. Bayer

Village Attorney

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

C:\WINWORD\USERS\ORDINANC\ABATEMNT.DOC

ORDINANCE NO. __________

ABATEMENT OF A PORTION OF THE TAX LEVY

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