Lake County Illinois - File #: 13-1285

• File #: 13-1285
• Version: 1
• Name: 2013 GO Bonds Closing Cost: Appropriation
• Type: resolution
• Status: Consent Agenda
• File created: 10/30/2013
• In control: Public Works and Transportation Committee
• Final action: 11/12/2013
• Title: Joint resolution appropriating $160,000 of 1/4 percent sales tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $30,000,000 General Obligation (GO) Bonds, Sales Tax Alternate Revenue Source, Series 2013.

Date	Ver.	Action By	Action	Result
11/12/2013	1	Lake County Board	adopted	Pass
11/6/2013	1	Financial & Administrative Committee	recommended for adoption to the consent agenda	Pass
11/6/2013	1	Public Works and Transportation Committee	approved and referred on to the Financial and Administrative Committee	Pass

Title

Joint resolution appropriating $160,000 of 1/4 percent sales tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $30,000,000 General Obligation (GO) Bonds, Sales Tax Alternate Revenue Source, Series 2013.

Staff Summary

·      2013 GO Bonds Closing Cost: Appropriation.

·      The sale of the Series 2013 GO Bonds, $30,000,000, is complete.

·      The closing is November 25, 2013, with estimated closing costs of $147,000.

·      This resolution appropriates $160,000 of 1/4 percent sales tax for Transportation and Public Safety funds for the closing costs associated with the bond sale.

Body

R E S O L U T I O N

WHEREAS, Lake County completed the sale of $30,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2013; and

WHEREAS, the closing date for the sale of the bonds is November 25, 2013, with estimated closing costs of $147,000; and

NOW, THEREFORE BE IT RESOLVED, by this Lake County Board, that there is hereby appropriated $160,000 of Sales Tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $30,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2013.

DATED at Waukegan, Illinois, on November 12, 2013.