title
AUTHORIZATION TO TRANSFER FUNDS TO THE
TAXABLE GENERAL OBLIGATION BONDS
(ALTERNATE REVENUE SOURCE - RECOVERY ZONE ECONOMIC
DEVELOPMENT BONDS AND BUILD AMERICA BONDS),
SERIES 2010A & 2010B DEBT SERVICE FUND
COMPANY 7000, ACCOUNTING UNIT 7000
FOR FISCAL YEAR 2025
$7,994,190
AND
ABATE THE 2024 TAX LEVY FOR THE
TAXABLE GENERAL OBLIGATION BONDS
(ALTERNATE REVENUE SOURCE - RECOVERY ZONE ECONOMIC
DEVEOPMENT BONDS AND BUILD AMERICA BONDS),
SERIES 2010A & 2010B
resolution
WHEREAS, pursuant to Section 12 of Supplemental Ordinance Number OCB-002-10, the County of DuPage has established a Taxable General Obligation Bonds (Alternate Revenue Source - Recovery Zone Economic Development Bonds and Build America Bonds), Series 2010A & 2010B Debt Service Fund to account for principal and interest payments and fiscal agent fees on the Taxable General Obligation Bonds (Alternate Revenue Source - Recovery Zone Economic Development Bonds and Build America Bonds), Series 2010A & 2010B ("2010 Bonds"); and
WHEREAS, pursuant to Section 3E of Supplemental Ordinance Number OCB-002-10, the 2010 Bonds shall be payable from sales and/or use taxes, each of which constitutes a revenue source; and
WHEREAS, the DuPage County Board executed an accompanying Bond Order on October 27, 2010, setting forth the tax levy for each of the levy years the 2010 Bonds are outstanding; and
WHEREAS, the 2024 taxes have been levied in compliance with said Bond Order; and
WHEREAS, the 2010 Bonds are payable from, and secured by, a pledge of the revenue sources; and
WHEREAS, the revenues are deposited and accounted for in the County's General Fund (1000) and the Local Gas Tax Fund (1500); and
WHEREAS, it is deemed necessary to transfer adequate pledged revenues from the General Fund and the Local Gas Tax Fund to the 2010 Bonds Debt Service Fu...
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