Minutes - 02/24/1976 - Board of TrusteesA. Pa out #3 and Final- Arcole- Midwest Corp.- Oak Brook Road 31st Street,
Trustee Cerne moved - seconded by Trustee Congreve...
That Payout 03 and Final to Arcole- Midwest Corporation in the amount of
$20,964.64 as presented be approved.
Roll call vote: Ayes: Trustees Cerne, Congreve, Glades, Philip, Rush, and
President Nowell
Nayes: None
Absent: Trustee Brown So ordered.
B. Investments
Trustee Cerno moved - seconded by Trustee Rush...
To approve arid ratify the following investment:
(1) One federally secured certificate of deposit to mature in the
First National Bank of Oak Brook on May 121, 1976 at the rate of
5.71 %. This certificate of deposit in the amount of $170,000
is drawn on the Corporate: Account.
Roll call vote: Ayes: Trustees Cerne, Congreve, Glades, Philip, and Rush
Nayes: None
Absent: Trustee Brown
Abstain: President Nowell So ordered.
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(co"ti )
(4) One federally secured certificate of deposit to mature in the
First National Bank of Oak Brook on June 9, 1976 at the rate
of 5.71 %. This certificate of deposit in the amount of
$100,000 is drawn on the Dep., Imp. & Ext. Account.
Roll call vote: Ayes: Trustees Cerne, Congreve, Glaves, Philip, and Rush
Nayes: None
Absent: Trustee Brown
Abstain: President Howell So ordered.
Trustee Cerne moved - seconded by Trustee Rush...
To approve and ratify the following investment:
(5) One federally secured certificate of deposit to mature in the
First National Bank of Oak Brook on May 12, 1976 at the rate
of 5.61 %. This certificate of deposit in the amount of
$115,000 is drawn on the Corporate Account.
Roll call vote: Ayes: Trustees Cerne, Congreve, Glaves, Philip, and Rush
Noyes: None
Absent: Trustee Brown
Abstain: President Howell So ordered.
V. OLD BUSINESS
A. Rid Recommendation - Ambulance Patrol Vehicle Bid
One bid was received on rebruary 119 1976.
Trustee Rush moved o seconded by Trustee Philip...
Not to accept the single bid received and to authorize the readvertising.
Roll call vote: Acres: Trustees Cerne, Congreve, Glaves, Philip, Rush, and
President Howell
Noyes: None
Absent: Trustee Brown So ordered.
B. BBo r:Y. Map
Trustee Rush reviewed the request of Chateaux. -Loire Homeowners Assoc. in
connection with proposed canon boundaries between Downers Grove and Oak
Brook.
Trustee Rush moved- seconded by Trustee Cerne...
That the Zoning and Planning Chairman, Fred Brown arrange to meet with
appropriate members of the Plan Commission and the Village Board, along
with representatives of the Village of Downers Grove, to update location
of the cannon boundary.,
Roll call vote: Ayes: Trustees Cerne, Congreve, Glaves, Philip, Rush, and
President Howell
Noyes: hone
Absent: Trustee Brown So ordered.
C. Ev�nI,.. Reub n Plot Subdivigi n .. Located on AcQrn Hill an
As requested by the Board at the last regular meeting of February 10, 19766
Evelyn Reuben was present along with the proposed purchasers of the pro-
posed Lot 1, and two architects. After discussion$ the Board recommended
that a cautionary note relative to the buildable area of the Lot be
roflewtsd on the Plat to which Evelyn Reuben Agreed.
Trustee Rushy moved - ssecooded by Tmostse Congreve...
To approve the proposed Reuben °s Subdivision with the provision that, with
Evelyn ftsuotns" consento thr attorney affix an appropriate statment on the
plat as to the buildable conultion of the lot.
2// �« (continued)
Page 3
Minutes of February 24, 1976
V. OLD BUSYNESS (continued)
C. Ev FteM,br - P, lat o. � .��s Continued
` Roll c411 vote: Ayes: Trustees Corn #, Congreve, Gloves, Philip, Rush, and
President Howell
Noyes: None
Absent: Trustee Brogan So ordered.
0. BikrgilsPlan
Trustee Rush - seconded by Trustee Gloves...
That Staff prepare estimate of cost of constructing Bicycle Pathway Systol
through the Village Complex, Park District* along the Northern Illinois
Gas right of way from 22nd Street to Midwest Road, and along Jorie
Boulevard from Oak Brook Road to 22nd Street.
Roll call vote: Ayes: Trustees Cerne* Congreve, Gloves, Philip, Rush, and
President Nowell
Noyes: None
Absent: Trustee Brown So ordered.
Trustee Cerne moved - seconded by Trustee Rush...
Request estimate be compiled for reminder of Phase I as shown on Bicycle
Pathway map,
Roll call vote: Ayes: Trustees Cerne* Congreve, Gloves, Philip, Rush, and
President Nowell
Noyes: Noma
Absent: Trustee Brown So ordered.
E. RRe2ort of Activities
All trus *Aes, reported on the status of activities of fhs.r committees.
VY. NEW BUSINESS
A. A c t nce - 22nd SIrntAprim-Road Aay Ing,
Trustee Congrave moved w seconded by Trustee Gloves...
To accept the 22nd Street /Spring Road Paving Project.
Roll call vote: Ayes: Trustees Cerne, Congreve, Gloves, Philip, Rush, and
President Nowell
Noyes: None
Absent: Trustee Brown So ordered.
B. For st G1 i 1 Plat.. Y
President Howell "eforrad this to Plan Commission meeting, March 15, 1976.
ADJOURNMENT Time 8:45 P.M.
Trustee Congreve moved - seconded by Trustee Rush...
That this meeting be adjourned.
Voice vote - all in favov So ordered.
Respectfully submitted,
Him anne 1-410 1 , age gar "'�°'"