title
APPROPRIATION FOR THE
SPECIAL SERVICE AREA NUMBER 35 (LAKES OF ROYCE RENAISSANCE)
UNLIMITED AD VALOREM TAX BONDS, SERIES 2012A
DEBT SERVICE FUND
COMPANY 7100, ACCOUNTING UNIT 7500
FOR FISCAL YEAR 2026
$327,880
resolution
WHEREAS, pursuant to Section 6 of Ordinance Number OFI-0009-12, the County of DuPage has established a Special Service Area #35 (Lakes Of Royce Renaissance) Unlimited Ad Valorem Tax Bonds, Series 2012A Debt Service Fund to account for the bond principal and interest payments, IEPA loan principal and interest payments, and fiscal agent fees on the Special Service Area #35 (Lakes Of Royce Renaissance) Unlimited Ad Valorem Tax Bonds, Series 2012A ("2012 Bonds"); and
WHEREAS, the DuPage County Board adopted Ordinance Number OFI-0009-12, on November 27, 2012, setting forth the pledge by the County to secure the principal and interest payments on the 2012 Bonds, with the intention to pay the bond principal and interest, IEPA loan principal and interest, and fiscal agent fees on the 2012 Bonds from the property taxes levied within Special Service Area #35 - Lakes of Royce Renaissance, each of which constitutes a revenue source; and
WHEREAS, Section 8 of the Bond Order sets forth the property tax levy for each of the levy years the 2012 Bonds are outstanding; and
WHEREAS, the 2025 property taxes have been levied in compliance with the Bond Order; and
WHEREAS, the 2012 Bonds are payable from, and secured by, a pledge of the revenue sources; and
WHEREAS, there exists a need to appropriate the amount of $327,880 (THREE HUNDRED TWENTY-SEVEN THOUSAND, EIGHT HUNDRED EIGHTY AND NO/100 DOLLARS) to pay the bond principal and interest, IEPA loan principal and interest, and fiscal agent fees due on the 2012 Bonds in Fiscal Year 2026; and
WHEREAS, adequate funds are projected to be available in th...
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