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Urbana Park District adopts 2025 abatement ordinance for 2019 alternate‑revenue bonds
Summary
The board unanimously adopted Ordinance 2025‑07 on Dec. 9 to abate the 2025 levy related to series 2019A alternate‑revenue‑source (ARS) park bonds; staff said the abatement filing is a required annual compliance step and read an abatement amount for the levy as $1,046,000 at the meeting.
The Urbana Park District board unanimously approved Ordinance 2025‑07 at its Dec. 9 meeting to abate the tax levy for 2025 that serves as the backup levy for the district’s 2019A alternate‑revenue‑source (ARS) bonds. Staff described the ordinance as a compliance filing that instructs the county clerk not to extend the backup…
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