title
APPROPRIATION FOR THE
GENERAL OBLIGATION LIMITED TAX
CERTIFICATES OF INDEBTEDNESS, SERIES 2009
DEBT SERVICE FUND
COMPANY 7000, ACCOUNTING UNIT 7022
FOR FISCAL YEAR 2026
$142,460
resolution
WHEREAS, pursuant to Section 8 of Resolution Number FI-0014-09, the County of DuPage has established a General Obligation Limited Tax Certificates of Indebtedness, Series 2009 Debt Service Fund to account for the principal and interest payments and fiscal agent fees on the General Obligation Limited Tax Certificates of Indebtedness, Series 2009 ("2009 Bonds"); and
WHEREAS, the DuPage County Board adopted Ordinance Number OPW-001-09, and executed a Certificate of Determination and Award on January 13, 2009, setting forth the pledge by the County to secure the principal and interest payments on the 2009 Bonds, with the intention to pay the principal and interest and fiscal agent fees on the 2009 Bonds from the property taxes levied within Special Service Area #34 - Hobson Valley, each of which constitutes a revenue source; and
WHEREAS, Section 6 of the Certificate of Determination and Award sets forth the property tax levy for each of the levy years the 2009 Bonds are outstanding; and
WHEREAS, the 2025 property taxes have been levied in compliance with the Certificate of Determination and Award; and
WHEREAS, pursuant to Section 2 of the Certificate of Determination and Award, semi-annual principal and interest payments on the outstanding 2009 Bonds are due on January 1 and July 1 of each calendar year; and
WHEREAS, the 2009 Bonds are payable from, and secured by, a pledge of the revenue sources; and
WHEREAS, there exists a need to appropriate the amount of $142,460 (ONE HUNDRED FORTY-TWO THOUSAND, FOUR HUNDRED SIXTY AND NO/100 DOLLARS) to pay the principal and interest and fiscal agent fees due on the General O...
Click here for full text