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O-98-52ORDINANCE 0 -98- 52 ABATEMENT OF TAX FOR 1998 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 -93- 21 passed April 19, 1993, 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 Amount of Abatement General Obligation Bonds $ 744,000 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, 1998, 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: Heuberger, Rosenthal, Seidman, Swanson, Swartz (5) NAYS: None (0) ABSENT: Ehlers (1) PASSED this 7th day of December A.D., 1998 APPROVED this 7th day of December , A.D., 1998 VI GE PRESIDENT