Lake County Illinois - File #: 11-0395

• File #: 11-0395
• Version: 1
• Name: 2011A GO Bonds Closing Cost: Appropriation
• Type: resolution
• Status: Passed
• File created: 4/25/2011
• In control: Public Works and Transportation Committee
• Final action: 5/10/2011
• Title: Joint resolution appropriating $115,000 of ¼% Sales Tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $20,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2011A.

Date	Ver.	Action By	Action	Result
5/10/2011	1	Lake County Board	adopted	Pass
5/4/2011	1	Financial & Administrative Committee	recommended for adoption to the consent agenda	Pass
5/4/2011	1	Public Works and Transportation Committee	approved and referred on to the Financial and Administrative Committee	Pass

Title

Joint resolution appropriating $115,000 of ¼% Sales Tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $20,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2011A.

Staff Summary

·      2011A GO Bonds Closing Cost: Appropriation.

·      The sale of the Series 2011A General Obligation Bonds, $20,000,000, is complete.

·      The closing is May 25, 2011 with estimated closing costs of $103,000.

·      This resolution appropriates $115,000 of ¼% Sales Tax for Transportation and Public Safety funds for the closings cost associated with the bond sale.

Body

R E S O L U T I O N

WHEREAS, Lake County completed the sale of $20,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2011A; and

WHEREAS, the closing date for the sale of the bonds is May 25, 2011, with estimated closing costs of $103,000; and

NOW, THEREFORE BE IT RESOLVED, by this Lake County Board that there is hereby appropriated $115,000 of Sales Tax for Transportation and Public Safety funds for the closing costs associated with the of sale of $20,000,000 General Obligation Bonds, Sales Tax Alternate Revenue Source, Series 2011A.

DATED at Waukegan, Illinois, on May 10, 2011.