O-03-40ORDINANCE 0 -03- 4 0
Abating All of the 2003 Tax Levy Requirements
For the Series 1997 General Obligation Bonds
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS:
SECTION That the County Clerk of Lake County and the County Clerk of Cook
ONE: County are hereby authorized and directed to abate the amounts set forth
below of the tax theretofore provided for and levied in Ordinance 0 -97 -55
passed December 15, 1997, a copy of which is filed with the respective County Clerks, providing
for a levy for the following accounts of the Debt Service Fund of the Village of Deerfield, Lake
and Cook Counties, Illinois:
Bonds to be Abated
General Obligation Bonds - 1997
Amount of Abatement
$488,432
SECTION That the Village of Deerfield has on hand sufficient funds from water
TWO: revenues to pay the total tax levied by the above described Ordinance for
said purpose for the fiscal year commencing May 1, 2003, therefore a
reduced tax levy is appropriate.
SECTION That the Village Clerk is hereby directed to file certified copies of this
THREE: Ordinance with the County Clerks of Lake and Cook Counties..
SECTION That this Ordinance shall be in full force and effect from its passage and
FOUR: approval, as provided by law.
AYES: Benton, Kayne, Rosenthal, Seiden, Swanson, Wylie (6)
NA VR- None (0 )