DU PAGE COUNTY - File #: FI-R-0243-23

• File #: FI-R-0243-23
• Version: 1
• Type: Finance Resolution
• Status: Adopted
• File created: 10/17/2023
• In control: Finance Committee
• On agenda: 10/24/2023
• Final action: 11/28/2023
• Title: APPROPRIATION FOR THE LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS (COURTHOUSE PROJECT) SERIES 2016 COMPANY 7000, ACCOUNTING UNIT 7018 $3,618,880

Date	Ver.	Action By	Action	Result
11/28/2023	1	DuPage County Board	Approved	Pass
10/24/2023	1	Finance Committee	Approved at committee	Pass

title

APPROPRIATION FOR THE

LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS

(COURTHOUSE PROJECT) SERIES 2016

COMPANY 7000, ACCOUNTING UNIT 7018

$3,618,880

resolution

WHEREAS, pursuant to Section 1.11 of Ordinance Number FI-O-0005-16, the County of DuPage has established a General Obligation Refunding Bonds (Courthouse Project) Series 2016 Debt Service Fund to account for the principal and interest payments and fiscal agent fees on the General Obligation Refunding Bonds (Courthouse Project) Series 2016 (“2016 Bonds); and

WHEREAS, the DuPage County Board adopted Ordinance Number FI-O-0005-16 on January 12, 2016, and executed an accompanying Bond Order on January 20, 2016, setting forth the tax levy for each of the levy years the 2016 Bonds are outstanding; and

WHEREAS, pursuant to Section 1.9 of Ordinance Number FI-O-0005-16, the 2016 Bonds shall be payable from the annual property tax levied on all taxable property within the County, which constitutes a revenue source; and

WHEREAS, the 2023 taxes have been levied in compliance with said Bond Order; and

WHEREAS, the 2016 Bonds are payable from, and secured by, a pledge of the revenue sources; and

WHEREAS, there exists a need to appropriate the amount of $3,618,880 (THREE MILLION SIX HUNDRED EIGHTEEN THOUSAND, EIGHT HUNDRED EIGHTY AND NO/100 DOLLARS) to pay the bond principal and interest and fiscal agent fees due on the 2016 Bonds in Fiscal Year 2024; and

WHEREAS, adequate funds are projected to be available in the 2016 Bonds Debt Service Fund to accommodate up to, but not to exceed, $3,618,880 (THREE MILLION SIX HUNDRED EIGHTEEN THOUSAND, EIGHT HUNDRED EIGHTY AND NO/100 DOLLARS).

NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board that the appropriation in the amount of $3,618,880 (THREE MILLION SIX HUNDRED EIGHTEEN THOUSAND, EIGHT HUNDRED EIGHTY AND NO/100 DOLLARS) be added to the Fiscal Year 2024 Appropriation Ordinance.

end

Enacted and approved this 28^th day of November, 2023 at Wheaton, Illinois.

________________________________

DEBORAH A. CONROY, CHAIR

DU PAGE COUNTY BOARD

Attest: ___________________________________

JEAN KACZMAREK, COUNTY CLERK