Minutes - 03/12/1990 - Board of Trusteesgg
v+1,LA=~ or,OAK ~---' EAREAT%ON OF
MINUTES OF OUBLIC HEARING TO CONS%D '
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GPU%CIAL8ERVJOE AREA WO. 2 OF THE VILLAGE OF OAK
' BROOK IN CONFORMANCE WITH ORDINANCE NO" S684
MARCH 12v 1990
CALL MEETING TO ORDER:
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' The Regular Meeting of the Board of Trustees conLinued from
February 27 1990 was called to order by President Cerne in
lage Commons at 7:00 P.M.
the Samuel E. Dean Board Room 0+ the Vi.t,
ROLL CALL:
---------- PRESENT: President
Trustee
Trustee
Trustee
Trustee
Trustee
ABSENT: Trustee
Wenoe F. Cerne
Gerry J. Bartecki
Karen M. Bushy
Ronald P. Maher
Joseph H. Rush
H. Richard Winters
Barbara A. Payovich
' II. A PUBLIC HEARING TO CONSIDER CREATION OF SPECIAL SERVICE AREA
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2 OF THE VILLAGE OF OAK BROOK IN CONFORMANCE W1TH ORDINANCE
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~ NO. S-684:
' A. INTRODUCTION AND BACKGROUND SUMMARY - VILLAGE PRESIDENT:
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President Cerne gave an overview on the establishment of a
' President Cerne stated in g
special service area. re , eneral, that
t
' the Board felt this project would improve the area but an
overwhelming affirmative response from the Ginger Creek
' residents is required to pursue the project.
B. SUMMARY OF PROPOSAL AND PRESENTATION -OF _PLANS, -COST _EST1MATE8
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AND LEGAL STEPS INVOLVED:
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1"
VILLAGE ENGINEER:
Engineer Durfey discussed the proposed roadway improvements of
widening the existing road from 22 feet to 25 feet and
installing curb and gutter on both sides of the street for a
total of 28 feet including a cost estimate for the work"
2. FINANCE CONGUL7ANTn
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Finance Consultant Barce 0f Speer F'inancialv Inc. discussed the
proposed debt service +pr the project" Total estimated cost x»+
said proJect before going out'for bidsn
village cost 30% 0 * 428,571"00
Residents cost 70% = loo00000O.C10
TOTAL 104280571,00 .
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Using Consultant Barce"s examples of 10, 15 and 20 year debt -
service schedules, residents could expect to each pay an �
average of approximately $9r500. over, 10 years,, $11,000. �
over 15 years or $13,000~ over 20 years. He further
commented that the Oak Brook name will be helpful in the `
sale of these municilpal bonds.
/ .
3. VILLAGE ATTORNEY:
Attorney Brechin stated that state law allows residents
opposed to the roadway project to pmtition the Village of ^
Oak Brook objecting to the creation of the special service
area" Such a'petition must be signed by at least 51% of
d owners of record and be filed with the
'
the electors an own
- �� from th f
/i}lage Cledays no more than 60 (sixty) days e final
adjournment of the public hearing. �
O. PUBLIC-COMMENTS, QUESTION AND ANSWER PERIOD:
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D"
l f drain e will be every
Engineer Durf� responded-open s� es � � .
200 to 300 feet. There will be a complete new surface to the
stre'ets and driveway aprons will be resurfaced. Construction
could commence in June 1990 and 1ast the entire construction
season, until November, I th possibly some finishing work
next spring.
Eng1neer rfev '' stated the compensatory storage requirement is
1.25 acre --ometand the Village will provide 1.6 acre feet
for this proi,ect. .
. .
Residents complained'of speeding c�ars amd requested speed
bumps" The Board stated no other areas in the Village have
these and Police Chief Fleming noted the speeding concerns.
. '
Finance Consultant Barce responded to questions stating the
assessment is taw deductible and vacant lots-are assessed at
the same rate" There are bonds with a maturity less than .
10 years available. .
Trustee Bushy and Trustee Rush emphasized that an.o*erwhelming
majority of residents in favor of the roadway project waw»
essential for a' favorable vote from the Board. The consensus
of the residents must time more then merely 51%.
`
� .�--� "---- ~..~~.-4 -�� ��°~ �r�,�p��nm�'
rreszu�nt C�'`/n^ �"==='^^== --''=-' �
FINAL ADJOURNMENT OF PUBL1C NI�AR%WB: �
_~� ��~��~�~�~~��_�������_�_
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A Motion was made by Trustee Bartecki,'secmndad by Trustee r�
B`/,;hy to adJourn the Public Hearin9" `
.�
So orderad°
VOIC5 VCJT��o All in fAvar . '
Ito Imi-
. ' .
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. .. � .
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7, ~��r'' `�,r'~r�'�»''/.-:~'
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'
Using Consultant Barce"s examples of 10, 15 and 20 year debt -
service schedules, residents could expect to each pay an �
average of approximately $9r500. over, 10 years,, $11,000. �
over 15 years or $13,000~ over 20 years. He further
commented that the Oak Brook name will be helpful in the `
sale of these municilpal bonds.
/ .
3. VILLAGE ATTORNEY:
Attorney Brechin stated that state law allows residents
opposed to the roadway project to pmtition the Village of ^
Oak Brook objecting to the creation of the special service
area" Such a'petition must be signed by at least 51% of
d owners of record and be filed with the
'
the electors an own
- �� from th f
/i}lage Cledays no more than 60 (sixty) days e final
adjournment of the public hearing. �
O. PUBLIC-COMMENTS, QUESTION AND ANSWER PERIOD:
------------------------------~-------------
D"
l f drain e will be every
Engineer Durf� responded-open s� es � � .
200 to 300 feet. There will be a complete new surface to the
stre'ets and driveway aprons will be resurfaced. Construction
could commence in June 1990 and 1ast the entire construction
season, until November, I th possibly some finishing work
next spring.
Eng1neer rfev '' stated the compensatory storage requirement is
1.25 acre --ometand the Village will provide 1.6 acre feet
for this proi,ect. .
. .
Residents complained'of speeding c�ars amd requested speed
bumps" The Board stated no other areas in the Village have
these and Police Chief Fleming noted the speeding concerns.
. '
Finance Consultant Barce responded to questions stating the
assessment is taw deductible and vacant lots-are assessed at
the same rate" There are bonds with a maturity less than .
10 years available. .
Trustee Bushy and Trustee Rush emphasized that an.o*erwhelming
majority of residents in favor of the roadway project waw»
essential for a' favorable vote from the Board. The consensus
of the residents must time more then merely 51%.
`
� .�--� "---- ~..~~.-4 -�� ��°~ �r�,�p��nm�'
rreszu�nt C�'`/n^ �"==='^^== --''=-' �
FINAL ADJOURNMENT OF PUBL1C NI�AR%WB: �
_~� ��~��~�~�~~��_�������_�_
~� _ . . �
A Motion was made by Trustee Bartecki,'secmndad by Trustee r�
B`/,;hy to adJourn the Public Hearin9" `
.�
So orderad°
VOIC5 VCJT��o All in fAvar . '
Ito Imi-
. ' .
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. .. � .
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III. ADJOURNMENT:
Trustee Bartecki moved, seconded by Trustee Bushy...
To adjourn this meeting. TIME: 9:07 p.m.
d
VOICE VOTE: All in favor So ordered.
March _27, 199.0 ----
Approved
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PUBLIC HEARINS Minutes .
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71,� k"�m,^��.
Respectfully submitted,
Linda K. Gannell
Village Clerk
March 120 1990
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