title
APPROPRIATION FOR THE
SPECIAL SERVICE AREA NUMBER 37 (YORK CENTER)
IEPA LOAN DEBT SERVICE FUND
COMPANY 7100, ACCOUNTING UNIT 7502
FOR FISCAL YEAR 2026
$95,000
resolution
WHEREAS, pursuant to Section 6 of Ordinance Number OFI-0010-12, the County of DuPage has established a Special Service Area #37 (York Center) Debt Service Fund to account for the principal and interest payments on the Special Service Area #37 (York Center) IEPA loan; and
WHEREAS, the DuPage County Board adopted Ordinance Number OFI-0010-12, on November 27, 2012, setting forth the pledge by the County to secure the principal and interest payments on the IEPA loan, with the intention to pay the IEPA loan principal and interest, from the property taxes levied within Special Service Area #37 - York Center, each of which constitutes a revenue source; and
WHEREAS, Section 1 of Special Service Area Number 37 (York Center) Unlimited Ad Valorem Tax Bonds, Series 2012B Bond Order sets forth the property tax levy for each of the levy years the IEPA loan is outstanding; and
WHEREAS, the 2025 property taxes have been levied in compliance with the Bond Order; and
WHEREAS, the IEPA loan is payable from, and secured by, a pledge of the revenue sources; and
WHEREAS, there exists a need to appropriate the amount of $95,000 (NINETY-FIVE THOUSAND AND NO/100 DOLLARS) to pay the IEPA loan principal and interest due in Fiscal Year 2026; and
WHEREAS, adequate funds are projected to be available in the IEPA Loan Debt Service Fund to accommodate up to, but not to exceed, $95,000 (NINETY-FIVE THOUSAND AND NO/100 DOLLARS).
NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board that the appropriation in the amount of $95,000 (NINETY-FIVE THOUSAND AND NO/100 DOLLARS...
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