Minutes - 09/23/1980 - Board of TrusteesI
VILLAGE OF OAK BROOK
MINUTES OF REGULAR MEETING
September 23, 1930
I. CALL MEETING TO ORDER
The Regular Meeting of the Board of Trustees was called to order at 7:30 P.M.
by President Cerne in the Samuel E. Dean Board Room of the Village Commons.
A. Roll Call
Present: Trustees George Congreve
Walter C. Imrie
Arthur W. Philip
Joseph H. Rush
William R. Watson
President Wence F. Cerne
Absent: Trustee Barbara F. Reynolds
II. APPROVAL OF MINUTES
Trustee Philip moved - seconded by Trustee Congreve...
That the minutes of the Regular Meeting of September 16, 1980, be
approved as submitted and waive reading of same.
Voice vote: all in favor
III. ORDINANCES, RESOLUTIONS, VARIATIONS, PLATS, ETC.
None.
IV. FINANCIAL
A. Investments
So ordered
Corporation Fund
Trustee Rush moved - seconded by Trustee Philip...
To approve and ratify the following investment from the Corporate Fund.
One federally secured certificate of deposit in the amount
of $500,000 to mature at Great American. Savings and Loan on
December 11, 1980 at a -rate of 11.45% (87 days).
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip,,
Rush and Watson
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion. So ordered
Sports Core Operating Fund
Trustee Rush moved - seconded by Trustee Philip...
To approve and ratify the following investment from the Sports Core
Operating Fund.
VILLAGE OF OAK BROOK MINUTES 1 September 23, 1930
VILLAGE OF OAK BROOK MINUTES 2 � September 23, 1980
One federally secured certificate of deposit in the amount
of $100,000 to mature at Great American Savings and Loan on
December 11, 1980 at a rate of 11.45% (87 days).
Roll call vote: Ayes: Trustees Congreve, Imire, Philip,
Rush, and Watson
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion.
Sports Core Bond Fund (Bond & Interest Account)
Trustee Rush moved - seconded by Trustee Philip...
To approve and ratify the following investment from the Sports Core
Bond Fund.
One federally secured certificate of deposit in the amount
of $225,000 to mature at Great American Savings and Loan on
November 26, 1980 at a rate of 10.375% (72 days).
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip,
Rush and Watson
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion.
Water Fund
Trustee Rush moved - seconded by Trustee Congreve...
To approve and ratify the following investment from the Water Fund.
One federally secured certificate of deposit in the amount
of $170,000.00 to mature at Great American Savings and Loan
on October 27, 1980 at a rate of 10.375% (42 days). This
certificate is drawn on the following accounts:
Bond and Interest $1491319.06
Bond Reserve _ 20,680.94
$1704000.00
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip,
Watson, and Rush
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion.
V. OLD BUSINESS
A. Trinity Lakes Unit III - Final Plat
Referred from Regular Meeting of September 9, 1980 .
Trustee Rush moved - seconded by Trustee Congreve...
To approve the Final Plat of Trinity Lakes Unit III. last revision
dated September 7, 1980 and received September 18, 1980, and for
the Village Attorney to draft proper resolution with bicycle
easement rattler than dedication to be depicted cn the plat.
Voice vote: all in favor
So ordered
So ordered
So ordered
So ordered
VILLAGE OF OAK BROOK MINUl'EES 2 September 23, 1930
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B. Resubdivision of Lots 24 & 25 Yorkshire Woods Subdivision --Final Plat
Trustee Rush moved - seconded by Trustee Philip...
To accept the recommendation of the Plan Commission to approve
the Final Plat of Resubdivision of Lots 24 & 25 Yorkshire Woods
and to direct- the Village Attorney to prepare the proper Re-
solution subject to note on the plat that lots are located
within a flood plain and waive requirements for sidewalks and street lights.
Voice vote: all in favor So ordered
C. Landscape Development - Bid Recommendation
Trustee Philip moved - seconded by Trustee Congreve...
Due to error in addition, to amend the motion of the last
Regular Meeting to increase the bid amount of Cherry Creek
Landscaping to $20,469.04.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip,
Rush and Watson
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion. So ordered
D. Bid Recommendation - Vehicles
Trustee Watson moved -
To accept the low bid of Madded Ford at $783343.59.
Motion died due to lack of a second.
Trustee Philip moved - seconded by Trustee Rush...
To award the contract to the lowest qualified bidder, Madden
Ford, Downers Grove, Illinois, at unit price for four (4) full
size sedans, six (6) mid size sedans, and one (1) mid size wagon.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip,
Rush and Watson
Nays: none
Absent: Trustee Reynolds
President Cerne indicated approval of the motion. So ordered
E. Report of Activities
Cornunications and Sports Core
Trustee Philip reported: The G Clubhouse is operational. The
Bath and Tennis Club continues t be open for lunch.
Finance
Trustee Rush reported:
best yield.
V7 LiA(',E OF 0-%K BROOK 1ITNUTES
Investments are carefully reviewed for the
3
September 23, 1980
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VILLAGE OF OAK BROOK MINUTES 4 September 23, 1980
Personnel & Public Safety
Trustee Watson reported: Fire Prevention Week begins October 5,
1980, with Exhibition by Fire Department at the Oak Brook Center.
Clinic on October 11, 1980, from 9:00 A.M. to 12:00 P.M. open to
public for testing and recharging of home fire extinguishers.
Public Works
Trustee Congreve reported: Culvers on Adams Road and Spring Road
almost complete. Well No. 7 to be completed by end of next week.
Transportation & Library
Trustee Imrie reported: New drapes hung in library.
Zoning & Planning
Trustee Reynolds absent: Oak Brook Center expansion is expected
to be ready for business in late 1981.
VI. NEW BUSINESS
A. Appointment
President Cerne recommended the appointment of Mr. Clayborn Crouch
as a Member of the Zoning Board of Appeals to fill a vacancy.
Trustee Rush moved - seconded by Watson...
To appoint Mr. Clayborn Crouch, 16 Brighton Lane, as a Member of
the Zoning Board of Appeals to fill the unexpired term of Walter
C. Imrie. Term to expire on November 7, 1980.
Voice vote: all in favor
B. Open Forum
None
C. Adjournment Time - 8:50 P.M.
Trustee Congreve moved - seconded by Trustee Philip...
To adjourn this meeting.
Voice Vote: all in favor
Respectfully submitted,
Maridnne Lakosil, Village Clerk
Q ° — B
Approved
So ordered
So ordered
VILLAGE OF OAK BROOK MINUTES 4 September 23, 1980