IGA DuPage Water Comission, County, & VOB 01-22-1985 INTERGOVERMENTAL AGREEMENT
BET19EEN THE DU PAGE WATER COMMISSION, DU PAGE COUNTY,
AND THE VILLAGE OF OAK BROOK
This agreement made and entered into this 22nd day of January ,
1985 , between the DuPage Water Commission ("Commission") DuPage County, Illinois,
Illinois.
and the Village of Oak Brook, Cook and DuPage Counties,
WHEREAS the DuPage Water Commission is rapidly exhausting all operating
8' or
fu nds and a nticipates no revenues from the 1984 Tax Levy until dune 1, 1985,
from any other source.
easure, the "Commission' has adopted a
WHEREAS, as an extraordinary m
1984-85 Operating Budget in the amount of $458,000 providing for emergency
operating funds and has requested funding for 50% of same.
ve agreed that it is in their best interests
WHEREAS the parties hereto ha
to maintain the Commission during this transition period by providing funds for
necessary operating expenses and certain engineering costs associtate with the
construction of a water main in Route 83.
WHEREAS the funding of the Operating Budget has been allocated to
municipalites according to the 1 more recent population data.
980 population or
In consideration of the foregoing preambles and covenants recited herein,
the Commission and the Village of Oak Brook, Illinois agree as follows:
1. The Village of Oak Brook, Illinois hereby agrees to loan to the
Commission the sum of $2,545.00, ($.35 per person x 7263 persons) .
2. The Commission agrees to reimburse the Village of Oak Brook, Illinois
from the first funds available to the Commission for taxes or any other
source after July 1, 1985. Interest shall be paid from July 1, 1985 at
the rate of 70% of prime as of July 1, 1985 or 9% per annum, whichever
rate is greater.
DuPage Water Commission
ATTEST:
t
reorge C' ngre.:e
Chairman
Village of Oak Brook, Illinois
a Municipal Corpora
Wence F. Cerne
Village President
Mae Lak osil
Village Clerk
OF 041C
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FCOU10
VI LLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS
654-2220
January 24, 1985
Mr. George Congreve
Representative, DuPage Water Commission
P.O. Box 727
225 Prospect Avenue
Elmhurst, Illinois 60126
Dear George:
I am pleased to inform you that the Village of Oak Brook officially acted on the
DuPage Water Commission's request for a loan at the Village Board's regular
meeting of January 22, 1985. In that regard I enclose duplicate original copies
of the Intergovernmental Agreement authorizing this transaction executed on
behalf of the Village by our Village President and Village Clerk. I would ap-
preciate if you could arrange for the execution and return of one of these dupli-
cate originals for our records.
I sincerely hope that Oak Brook's confidence in the Water Commission in achieving
our goal of delivery of Lake Michigan water is shared by all of the other com-
munities in DuPage County and that your efforts are successful. Obviously, if
the Village of Oak Brook can be of any assistance to you in this regard, or any
other matter, we stand ready to be of service to you.
Sincerely,
ohn . Brechin
Villa le Manager
JHB:cak
Enclosures
^1VFICI ILE
JAN 2 4.185 �
VILI_AGE OF OAK BROOK, L
. MINISTRATION
VILLAGE OF OAK BROOK Minutes -2- January 22, 1985
Trustee Rush moved, seconded by Trustee Imrie. . .
To approve and ratify the following investment from the Corporate Fund:
One (1) federally secured Certificate of Deposit in the amount of
$438,000.00 to mature at Standard Federal Savings and Loan on May 15, 1985
at a rate of 8.50% (120 days).
ROLL CALL VOTE: Ayes: Trustees Imrie, Listecki, Maher, Philip, Rush, Watson
and President Cerne.
Nays: None So ordered.
Trustee Rush moved, seconded by Trustee Imrie. ..
To approve and ratify the following investment from the Corporate Fund:
One (1) federally secured Certificate of Deposit in the amount of
$600,000.00 to mature at Great American Savings and Loan on January 17,
1986 at a rate of 9.50% (360 days) .
ROLL CALL VOTE: Ayes: Trustees Imrie, Listecki, Maher, Philip, Rush, Watson
and President Cerne.
Nays: None So ordered.
B. INTERGOVERNMENTAL AGREEMENT - DU PAGE WATER COMMISSION LOAN:
As directed at the Regular Meeting of November 13, 1984.
Trustee Philip moved, seconded by Trustee Rush. . .
To approve the Intergovernmental Agreement as presented and authorize the
Village President and Clerk to affix their signatures thereon.
ROLL CALL VOTE: Ayes: Trustees Imrie, Listecki, Maher, Philip, Rush, Watson
and President Cerne.
Nays: None So ordered.
V QUARTERLY REPORTS:
All Department Reports were discussed and accepted.
VI OLD BUSINESS•
A. BROOK FOREST SUBDIVISION GATEWAY SIGN (Re ent Drive and Oak Brook
:Road
Tabled at the Regular Meeting of January 8, 1985.
Trustee Imrie moved, seconded by Trustee Listecki. . .
To approve the Subdivision Sign as depicted on Plan prepared by Oak Brook
Landscape Company, dated December 14, 1984, subject to removal of the
existing letters, "Brook Forest", from the common wall of Briarwood Lakes,
prior to issuance of the permit.
ROLL CALL VOTE: Ayes: Trustees Imrie, Listecki, Maher, Philip, Rush, Watson
and President Cerne.
Nays: None So ordered.
B. AGREEMENT -ILLINOIS DEPARTMENT OF TRANSPORTATION (IDOT (South
Frontage-Road of Roosevelt Road
Trustee Imrie moved, seconded by Trustee Listecki. . .
To conceptually approve the jurisdictional transfer from TDOT to the
Village of Oak Brook for the South Frontage Read of Roosevelt Road between
the Village's west corporate limits and York Road; and that Staff be
directed to work with IDOT in preparing the necessary documentation to
accomplish same.
VILLAGE OF OAK BROOK Minutes -2- January 22, 1985
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