Minutes - 09/18/1977 - Board of Trusteesr
Ap
`IIJAa M. OAK BROOK
WNWES OF
.'S;PTD'*R 13, 1977
I. CAGt. WWING ID ORDM
A. Roll Gait
The regular meeting was called to order at 7:30 P.M. by President 1-to ll.
All Trustees were present.
IY. RBADTNG OF KR US
Trustee Philip moved - seconded by Trustee Brown. . .
That the reading of the mites of the regular meeting of August .3, 1977
be suspended and that they be accepted as submittted.
Voice vote - all in favor.
III. andaINANCES, REWUJTICNS0 VARILAT1ONS, PLATS, LrX.
A. RBvSOU)TI N R-229 - ARTM H. MU
President fbwell read in its entirety a proposed resolution camunWing
Arthur H. We for his services to the Village as Fire Chief sirre 1969
and additionally as Building C amissioner since 1973.
Trustee Cerne movod - speondedd by Trustee Brown. . .
To approve Resolution R -229 as presented.
Roll call vote: Ayes: Trustoos brown, Cerne, Glaves, Philip, Reynolds, Rush
and President Howell
Nays: None
Absent: None
Unanimmaly carried.
B. lka's Subdivision - Final Plat
This matter was deferred from the meeting of Augur, t 23, 1977 to allow time
to review the plat as presented. Trustee Brown commented that the plat mots
all the requirements except for the 50' dedication of Right -of -Why alang talc
Brook Road. '
Trustee .Brown, moved - second by Trustee Reynolds. . .
To approve nhelka's Subdivision as presented.
Roll call vote: Ayes: 'Tiustees Brown, Cerne, Glaves, Philip, Reynolds, hush
errcl President Howell
Nays: None
Absent: None
So ordered.
G. ORDINANCE G -216 -
At , ing of August 23, 1977, Attorney Blanccl was directed to
An ordinme WoWng the adze rogulattng the sale of aloholic ,
by Wim a new c1assil'ication &W the nuebor of licenses in h classification.
Duriq di s cuss icrt an the prqmed wwWwt, Att ormy Blomc i &&I sW that
Sec11on 3 -21 is to be xavmW to add the amml fee for the classificcstion,
A -3. Initial Pee - $3,000.00 mW PAmawdtl Poo - $:1,500,00.
Tnaw Ids movod . m=W by . /i otoo Glaves. R .
To approve OnUrame 0 -216 as wan4ed wd wive rndiM of sme.
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qinputOs September 13, 1977
D. General Obligaticu Bobs
Trustee Cerne react a letter, dated Sept r 9, 1977, from Paul, D. Speer 4
Asumistes, Bond Cwsultants, as follows:
"Me Honorablo President
and Board of Trus toes
Village Hall
Oak Brook, Illinois
t1 :
Bids were received today covering $10,270,000 Village of Oak Brook, Illinois,
General Obligation Recreation Bonds. There were three bids received which are
listed at the bottom of thi;c lettear in accordance with the attached signed bids.
Upon examination, it is our opinion that the bid of the Northern Trust Capmy
and Associates is the best bid received and it is further our opinion that it is
favorable to the Village and should be accepted. We therefore recommend that the
bonds be awarded to that bidder at a price of par plus accrued Merest plus a
premium of $408.00, being at a net interest rate of 4.696341.
Account Mai
ers
Ne_ t Interest Rate
The First National Bank of Chicago and Continental
Illinois National Bank and Trust Company of Chicago
and Harris Trust and Savings Bank, Joint Managers and
Associates . . . . . . . . . . . . . . . . . . . . . .4.715634
Nkorgan Guaranty Trust CAAPany of New York and Citibank
,.A. and Bear, Stearns $ Co. and Donaldson, Lufkin &
Jenrette Securities Corp. and Ehrlich -Bober 4 Company,
Inc . . . . . . . . . . . . . . . . . . . . . . . . . . 4.8129%
The Northern Trust Company $ Associates . . . . . . . 4.69634%
Respectfully submitted,
Signed: Paul D. Speer 4 Associates, Inc.. "
Trustee Cerne rwved - seconded by Trmtee Rush. . .
That the Village of Oak Brook accept the bid of t;.e Northern Trust Campaoy
and Associates for the purchase of $10,270,000 Recreation Bonds of the Village
Of Oak Brook at a net interest by said The Northern Trust Copny and Associates
dated Septeminr 13, 1977, said accepcane being recammided by Paul D. Speer and
Associates, Inc., Bond CM(lultants co the Village of ft Brook, and authorize
the President of the Village of Pak Brook to execute the acceptance of sold bid
and to authorize the Village Clerk to attest to said execution and affix tl,e
Village Seal thereto.
Roll call vote: Ayes: Trustees Brown, Cerne, Glaves, Philip, Reynolds, Rush
and President Howell.
Nuys: None
Absent: Atone
Soo M e M FR.
Trustee, Qmw moved } secmW by Tnistee Rash. . .
To adapt Drd a S -306 as preamtod and waive reading of om.
Roll call vote: Ayes: Trustees Dram,, Come, Glav", Philip, Rayriolda, Rush
wW President ball
flays: Nam
Absent ftw
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1� ftguertlM op 13v 1977
E. RIiS URION R -230 - Gam} AAN HOSPITAL WEEK
President Howell -oad in Its entirety a promsed resolution proclaiming the
week of Septa r * s.; OOM SWITAN HOSPITAL WMX in the 'Village of Oak Brook; and cco-w Jir g Good Samaritan Hospital, for its t, Medical
Staff, ftloyees, Auxiliary, and mid Samaritan Club for their contributi.cns
to the citizenry of our Village.
Trustee Brown moved - seconded by Trustee: Cerne. . .
To approve Resolution R -230 as presented.
F. RESOLUTION R -231 - CONS"xTlTiMION w,BBK
President hell read in its entirety a proposed resolution proclaiming the
wok of September 17 as MWITUrION WEEK and urge all ci,tiza s to study the
Constitution, and to express gratitude for the privilege of American citizen-
ship in our republic functioning undor that suburb body of laws--the Constitution
of the United States of America.
Trustee Brown moved - seconded by 'trustee Carne. . .
To approve Resolution R -231 as presented.
IV. FINANCIAL
A. Treasurer ° s Rslwts
Treasurer's Cash and Investment Report for the m _-Ah of August,, 1977 reflected
the following:
Corporate Fund
Motcr Fuel Tax Fund
Revenue Swing Fund
Water Fund
1976 Revenue Bond Fund
Revenue
X0.54
5,549.05
-0-
124,243.74
91 ®153.05
Trustee Carne moved . seconded:.by Trustee Brown. ...
Balance
U,192rl
67,431.55
910474.43
1,212,842.57
19905,446.83
That the Treasurer's Cash mid Investment Report for the month of August, 1977
as submitted be approved.
Voice vote - all in favor
So ordered.,
B. Payouts
-1. taut 01U - Warren 4 van Praeg ResenMir Station
Trustee Cerne mwwl - seconded by Trustee Glaves. .
That pa /out 10 to Warren A Van Praag in the amount of $ 4,950.52 as present ac
bo approved.
Roll call vats: Ayes: Trustees Brown, Come, G1aves, Philip, Reynolds, mush MVJ
1P,resi.dmt Howell
Rays : Awe
Absent: Nona So, ordered.
-2. P out 14- i well Works - Well 07
Trustee Cmw wyed a secorWW by Trustee Glmq. . s
That p pout 04 to Wahling well works, Inc. in the =*wt of $10,970.64 as
presentod be approved.
Roll call vote: .Ayes: Tnateos Divoyt Carne, alms, Blip, RqMlds, Rush wW
President ill
mays9
Absmt Xam
So order d.
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IV. FINANCIAL (continued)
*:Josur
orf September 13, ) 977
Roll call vate: Ayes: Trustees Brown, Come, Glaves, Philip, RA*7 ealds, Rush and
President Howell
Nays: Now
Absent: None
So ordered.
-4. Final Fa out - State Treasurer Illinois Went of Trans-
Tnistee Trustee Cerne moved - seconded by Trustee Rush. . .
That Final Payout to State Treasurer, Stater of Illinois Depamotmt of Transpor-
tation in the amount of $231,106.70 as presented be approved.
Roll call vote: Ayes: Trustees Brown;, Cerne, Glaves, Philip, Reynolds, Rush and
President Novell
Nays: None
Absent: Now
C. ,approval of Bills So ordered.
Accounts Payable, date September 13, 1977 from the funds are as follows:
Corporate Fuel
$1700657.73
Motor FUDI Tax Fund
3,643.24
Revenue Sharing Fund
3,286.07
Water Systems Fwd
170987.62
Add:iticwl Funds
350343.16
Trustee Cerne moved - seconded by Trustee Brown. . .
That the Accounts Payable as submitted in the amount of $230,517.82 be approved
for pamt.
Roll call vote: Ayes: Trustees Brawn, Cerne,, Glaves, Philip, Reynolds, Rush aM
President Howell
Nays: Now
Absent: ire
So ordered..
V. OLD BUS1 IM,
ROV, c411 V t*-' Ayes►: Tnoteas Come WA Ruh
Mays: i s %vM, CpI3"s, p ,11p, Roynrolds OW P s1 t 11
Ahmmto, gwo
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Motion not carriod.
Ahwe Five
Wtex of Septaftr 13, 1977
In the interest of the Wellhouse aesthetically campatible with the
adjacent residential , the additional cost of $7,455.00 for the hip roof
was discussed.
Trustee Brown moved - seconded by Trustee Gllaaves. . .
To approve the low bid of $108,267.00 froam Pat Filippi Contractor, Inc. for
the base building and the barrier curb plus the &Qltional cost of V XS.00
for the hi. p roof, for a total cost of 1115,722.00 and that ad&juato shrubbery
screwOn be provided for the transformer.
Fall call vote:• Ayes: Trustees Brown, Corne, Gloves, Philip, Reynolds, Rush and
President H ell
Nays: None
Absent: None
So ordered.
B. John Kubiak - Reconsideration Flat of Subdivision
Trustee Brown, reviewed the reconsideration of Kubiak's Second Subdivision as
to any alternativnb. He had met with Mr. Kubiak and there were no revisions
to be consideasdd.
Trustee Brown moved - seconded by Trustee Corne . . .
To deny reconsideration of Kubisk's Second Subdivision.
Roll call vote: Ayes: Trustees Brown, Corns, Gloves, Philip, Reynolds, Rush and
President Howell.
Nays: None
Absent: Nom
So ordered.
C. Bid Roc atdon - All Egegse Vehicle - Fire Reeartment
Teel (10) bids were received on September 7, 1977, sand the the low bidder was
Kur$1 Chevrolet at $5,034.00 for the All Purpose Velmiclo for the tau of
Inspections.
Trustee Gloves moved - seconded by Trustee Corne. . .
To accept the low bid of $5,034.00 from BerBl Chewolet for the All Purpose
Vehicle for the Bureau of Inspections.
.Roll call vote: Ayes: Trustees Brown, Cerne, Gloves, Philipp Reynolds, Rush and
President Howell
Nays: Nlone
Absent: None
ordered. so
D. B i Pi Truck - EJX2 eorftmt
'calve (412) �bpid�sy wore received on SepteWber 7, 1977, w4 tlme low bidde,c
Colloti- Ettleson �lert at $69086.00.
Thates GIrm a wcorWod by Tnistoo Cane . . .
To wapt time low bid of $fir 066.00 fray ColloxiHBttleson let°. for the
Pick-up Tnick for the .nre t.
Roll call vim: : Tnatm Dram Come, Gloves, Philip, Reynolds, Rush W
preddent Humh
WYN: Mme
Abut: Ww
so Ortwrae
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