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O-02-50ORDINANCE 0 -02 -50 ABATEMENT OF TAX FOR 2002 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 -01- 49 passed December 17, 2001, 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 - Series 2002 $1,020,400 SECTION That the Village of Deerfield has on hand TWO: sufficient funds from tax proceeds to pay a portion of the total tax levied by the above - described Ordinance for said purpose for the fiscal year commencing May 1, 2002, 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: Kayne, Ragona, Rose , NAYS: None (0) ABSENT:None (0) PASSED this 16th ay of Decemb APPROVED this 16 day of Dece ATTEST: "G VIL 7E CLk"RK "7Aw idJ,2 n, Wylie (6) r 02