VILLAGE OF ORLAND PARK - File #: 2007-0669

• File #: 2007-0669
• Version: 2
• Name: G.O. Refunding Bonds Series 2004 - Ordinance
• Type: ORDINANCE
• Status: PASSED
• File created: 10/18/2007
• In control: Board of Trustees
• On agenda: 11/5/2007
• Final action: 11/5/2007
• Title: AN ORDINANCE ABATING TAXES LEVIED FOR THE YEAR 2007 BY AN ORDINANCE PROVIDING FOR THE ISSUANCE OF $9,815,000 GENERAL OBLIGATION BONDS, SERIES 2004, OF THE VILLAGE OF ORLAND PARK, COOK AND WILL COUNTIES, ILINOIS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST ON SAID BONDS, BEING ORDINANCE NO. 3968 ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK, ILLINOIS ON THE 15th DAY OF NOVEMBER, 2004.

Date	Ver.	Action By	Action	Result
11/6/2007	2	Village Clerk	PUBLISHED
11/5/2007	1	Board of Trustees	PASSED	Pass
10/23/2007	1	Finance Department	INTRODUCED TO BOARD
10/22/2007	0	Finance Committee	RECOMMENDED FOR PASSAGE	Pass
10/18/2007	0	Finance Department	INTRODUCED TO COMMITTEE

Title
AN ORDINANCE ABATING TAXES LEVIED FOR THE YEAR 2007 BY AN ORDINANCE PROVIDING FOR THE ISSUANCE OF $9,815,000 GENERAL OBLIGATION BONDS, SERIES 2004, OF THE VILLAGE OF ORLAND PARK, COOK AND WILL COUNTIES, ILINOIS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST ON SAID BONDS, BEING ORDINANCE NO. 3968 ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ORLAND PARK, ILLINOIS ON THE 15th DAY OF NOVEMBER, 2004.
Body
WHEREAS, the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois (the “Village”), on the 15th day of November, 2004 did adopt an Ordinance being Ordinance No. 3968, authorizing the issuance of $9,815,000 General Obligation Bonds, Series 2004 of said Village; and

WHEREAS, said Ordinance was in full force and effect forthwith upon its passage, approval and publication, and thereafter a certified copy thereof was duly filed in the Office of the County Clerk of the Counties of Cook and Will on the 23rd day of November, 2004 in Cook County and the 24th day of November, 2004 in Will County; and

WHEREAS, said Ordinance did authorize the issuance of General Obligation Bonds, and did provide for the levy of a direct annual tax upon all taxable property within the Village in and for each of the years 2004 to 2019 inclusive, in an amount sufficient to pay the principal of and interest on said bonds when due; and

WHEREAS, the President and Board of Trustees of the Village hereby finds and determines that it is advisable and necessary to provide for abatement of a portion of the tax heretofore levied for the year 2007.

NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, as follows:

SECTION I

That it shall be and it is found and determined that the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, has provided...