lllinois
Department
of
Tranqcortation
Obligation Retirement Resolution
(County
or
Municipal)
A resolution providing for the retirement of certain municipal indebtedness by the use of motor fuel tax funds
WHEREAS,
the
Clty
of
Momence
has outstandinq
(County
o.
Munlcipality)
indebtedness
described
as follows:
General
Obligation
Bonds (Alternate Revenue Service)
Series
2010 Section
No.
10-00058-00c8
Bonds
or
Public Benefit
Assessments
Number
of
the Bonds or
Assessments
lnterest
or
Principal
Date
Due
Amount
90
$9,542.50
61112016
$9,542.50
$9,542.50 12t1/2016
$9,542.50
$20,000
00
12t1t2016
$20,000.00
$39,08 5.00
a
nd.
WHEREAS,
in the opinion
of
this
body, the indebtedness described
in
the
preceding paragraph may be retired with funds
allotted to
the
municipality under
the
l\4otor Fuel
Tax
Law, and
WHEREAS,
it appears that
sufficient
motor fuel
tax
funds are
or
will
be available when the above indebtedness
js
due,
and
WHEREAS,
the
Council
has,
by
resolution
adopted
121712015
directed the
Clerk of
collectable
in
20'l6
Kankakee
County to cancei
the
2A15
tax
levy (for taxes
(year)
assessment
projects.
)
NOW,
THEREFORE,
BE
lT
RESOLVED, that there is hereby appropriated the
surn
of
Thirty Nine Thousand Eight
Five
dollars
($
39,085.00
)from
funds allotted to the county or municipality
under
the
l\4otor
Fuel Tax Law for
the
payment of the
above-described
indebtedness,
and
BE IT
FURTHER
RESOLVED, that the Clerk shall immediately
transmit
three (3) ceriifled copies
of
this resolution
to
the
Regional Engineer, Department
of
Transportation,
Ottawa
(vea0
)
which would have produced funds
to
pay
this indebtedness.
(Not applicable
to
special
Page
1
of
2
Printed
on
11/2012015 4:32:19
PM
tL 494,0284
lllinois.
BLR
1541T
(Rev.7/05)
