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O-92-53ORDINANCE NO. 1)-92 =53 ABATEMENT OF TAX FOR 1992 LEVY 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 ONE: Clerk of Cook County are hereby authorized and directed to abate the amounts set forth below of the tax heretofore provided for and levied in Ordinance No. 0 -86 -17 passed April 27, 1986, 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 Series 1986 Amount of Abatement $429,250 SECTION That the Village of Deerfield has on hand TWO: sufficient funds from tax proceeds to pay the total tax levied by the above - described Ordinance for said purpose for the fiscal year commencing May 1, 1992, therefore a reduced tax levy is appropriate. SECTION That the Village Clerk is hereby directed to file THREE: certified copies of this Ordinance with the County Clerks of Lake and Cook Counties. ' SECTION That this Ordinance shall be in full force and FOUR: effect from its passage and approval, as provided by law. AYES: Ehlers, Marovitz, Rosenthal, Seidman, Swanson (5) NAYS: None (0) ABSENT: Swartz (1) PASSED this 7th day of December , A.D., 1992 APPROVED this 7th day of December , A.D. 1992 �i VILLAGE PRESIDENT ATTEST: VI AGE CLERK