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O-08-42ORDINANCE 0 -08- 42 Abating All of the 2008 Tax Levy Requirements For the Series 2003 General Obligation Refunding Bonds BE IT ORDAINED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION ONE: That the County Clerk of Lake County and the County Clerk of Cook County are hereby authorized and directed to abate the amounts set forth below of the tax theretofore provided for and levied in Ordinance 0 -03 -05 passed February 3, 2003, copies of which have been 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 Refunding Bonds - Series 2003 $482,365 SECTION TWO: That the Village of Deerfield has an hand sufficient funds from water revenues to pay the total tax levied by the above described Ordinance for said purpose for the fiscal year commencing May 1, 2008; therefore a reduced tax levy is appropriate. SECTION THREE: 'I'hat the Village Clerk is hereby directed to file certified copies of this Ordinance with the County Clerks of Lake and Cook Counties. SECTION FOUR: That this Ordinance shall be in full force and effect from its passage and approval, as provided by law. AYES: Benton, Jester, Ros NAYS: 0 ABSENT: 0 PASSED this 15thday of Decembe APPROVED this 15thday of Dece ATTEST: VILLAGE ..ERK