Minutes - 06/03/1966 - Board of Trusteesi
VILLAN OF OAK BROOK
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$PHCIAL 'RKET�I�
prune 3v 1966
I DOLL CALL
The U .StrAIA.. wa® ached to order at 6104 P090 by Village President
T. Am P ah3.WUW 0 All trustees were present except Trustee OtHrleno
II
ago ns H eo beet
Trusteo Homan moved - seconded by Trustee Raveyaoe
That the agenda of the special - aeeting be suspended.
Vale* VIA9 - all In favors go orderodo
six RM .TZH91 &12hase
Trustee Hayes moved w seconded by Truatee Roseman..
That # after the oona ide rat a wn of the two bids received for the
purchase of a dinp truck, the lowest bid from the Pollard Mater
Coepany be accepted in the amount of 0-7,P300600.
Roll Call gates Ayes m Trustees Barton* HeVey@ Hayes# Howellp
Rose-on and Free. " "ohinen o
Gaye® Dose
Absent Trustee 018rien. So ordered#
IV tame.0 a of _ 3neofal K* *tiny
Trustee t., "tan moved - seconded by Trustee Hayes...
That the regular speatal Meeting agenda be resumed.
Voice vote - all in Favor. Bo ordered.
V OAK BROOK UTILITY COMPANY
President ":ohlnan Introduced ".faro Paul Butlers who Introduced Mg.
Donald R., Benniwalle View President of Watson and Co.@ Inc. Investment
Hankers. qtr. Donniwell gave a brief account of his background and
experience and discussed various communities and their dealings with
utility companies. Mr. Butler atated that he had asked Xro Bcnn1w9fZ*&
to be present in the interest of the wIllaos and himself in order to
assist the board in Poriing an opinion as to the financial aspeote
regarding the actual purchase of this utility company.
Trustee Barton reported that he had met with President lohlna3rt and
Kesers. Butler@ Bounlweil. and Wight that day; that the covaittee
had net with the owner of the utllit� company and have had a verbal
offer as to the askIng price of said company,
Kr. Robert Lenpke was also imtroduoed by Free. Mohl, -can. Mv. Levpko
had presented the board with a rather detalleA report concerning the
utility eampan7 some time ago.
Trustee Howell stated i',at there were three points for the board to
aoolders the doolsion to buy, for what purl` -e and the method of
financing; and that the report of Mrs Wi t would neceivearily be
needed In order to pursue the matter fur her. Hr, might advised
that eaoh member of tha boar4 would be supplied with a aopy of his
report as soon as pons Iblo o
' !t "'��.z9 "i.�i �i' �a1+ • ' i . _ +4 ftJY<T «h• t r . r - t
'age 2
V OM BROOK UTILITY COM2,1NY (Continued)
Trustee Rosman moved „ seconded by Truatee I£owelL . .
That at the time W. Wightle report is submitted and after the
utl.lity committee has had an opportunity to study wane grad is
in a position to make a recommendation. a speeist, boated . meeting
be cal.Led for the bale purpose of , deteminjog the feselbi City
and action of the board as to the Ourebase of the Oak,' Brook
Utility Company.
Voice vote - all in favor. So ordered.
President Mohlman thanked Messrs. Sutter, Ropniwelt and Lempke Car
attending this meeting. On behalf of the board be expresnod their
appreeiation for the help which vas extetided to the board and
trusted that the utility company tould Bear with the wilLdge anti L
it could reach a decision regarding the matter. He aneured those
preseat: that thia declefoin would be forthea►ming with alk possible
expediency.
V1 ADJOURNMENT
Trustee Rossoman moved seconded by Trustee Hoye&...
That this meeting be adjourned.,
V iiee vote w aL1 in favor. So ordered.
Ibis meeting adjourned at 9:35 P.H.
Respectfully youes o
Lorratne E. Frieek `
VilLege Clerk
61'V66
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