Minutes - 10/21/1980 - Board of Trusteesy
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VILLAGE OF OAK BROOK
MINUTES OF REGULAR MEETING
October 21, 1980
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
Barbara F. Reynolds
Joseph H. Rush
William R. Watson
President Wence F. Cerne
II. APPROVAL OF MINUTES
Trustee Philip moved - seconded by Trustee Congreve...
That the minutes of the Regular Meeting of October 14, 1980 be approved
as submitted and waive reading of same.
Voice vote: all in favor
III. ORDINANCES, RESOLUTIONS, VARIATIONS, PLATS, ETC.
So ordered
A. ORDINANCE NO. S -459: AN ORDINANCE GRANTING A SPECIAL USE PERMIT FOR
CERTAIN WORK AND CONSTRUCTION WITHIN THE FLOOD PLAIN PURSUANT TO
SECTION 10 -34 OF THE CODE OF ORDINANCES OF THE VILLAGE OF OAK
Lot 1 in Butler G.H.Q. Subdivision
Trustee Reynolds moved - seconded by Trustee Rush...
To approve Ordinance No. S -459 as presented and waive reading of the same.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush
and Watson
Nays: none
President Cerne indicated approval of the motion. So ordered
B. ORDINANCE NO. S -458: AN ORDINANCE GRANTING A VARIATION FROM THE PROVISIONS
OF SECTION (V)(G)(3)(h)(5) OF THE ZONING ORDINANCE OF THE VILLAGE OF OAK
BROOK, ORDINANCE G -60, AS AMENDED, RELATIVE TO FENCE HEIGHT REQUIREMENTS
(Saddle Brook Subdivision)
Trustee Reynolds moved - seconded by Trustee Watson...
To approve Ordinance No. S -458 and corrected to read in Section 3 - "Lots
41 thru 58" and waive reading of the same.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush
and Watson
Nays: none
President Cerne indicated approval of the motion. So ordered
IV. FINANCIAL
A. Investments
Corporate Fund
Trustee Rush moved - seconded by Trustee Reynolds...
To approve and ratify the following investment from the Corporate Fund.
VILLAGE OF OAK BROOK MINUTES 1 October 21, 1980
VILLAGE OF OAK BROOK MINUTES 2 October 21, 1980
One federally secured certificate of deposit in the amount of
$350,000.00 to mature at First Federal Savings and Loan on
January 15, 1981 at a rate of 12.90% (91 days).
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush,
Watson and President Cerne
Nays: none
Sports Core Bond Fund (Bond and Interest Account)
Trustee Rush moved - seconded by Trustee Reynolds...
To approve and ratify the following investment from the Sports Core Bond
Fund.
One federally secured certificate of deposit in the amount of
$164,000.00 to mature at First Federal Savings and Loan on
November 24, 1980 at a rate of 12.75% (39 days).
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush,
Watson and President Cerne
Nays: none
V. QUARTERLY REPORTS
With no objections, the reports of all Departments were accepted.
VI. OLD BUSINESS
A. Steeplechase Subdivision - Request for an Extension of Time to Complete
Subdivision Improvements
Zeus Development Corporation, the developer of the Steeplechase Subdivi-
sion has requested a one year extension of the required date for completion
of the various land improvements involved in the Steeplechase Subdivision.
Trustee Congreve moved - seconded by Trustee Rush...
To approve the extension and authorize the Village President and the Village
Clerk to execute the Subdivision Improvement Agreement and Irrevocable Hold-
back Agreement to effectuate this extension.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush
and Watson
Nays: none
President Cerne indicated approval of the motion. So ordered
VII. NEW BUSINESS
A. Illinois Department of Transportation Master Agreement /Traffic Signals
Trustee Congreve moved - seconded by Trustee Philip...
To authorize staff to advise Illinois Department of Transportation that
no committmenr will be made relative to the acceptance of responsibility
for energy costs of the subject traffic signal; and that the possibility
of dual right turn lanes from southbound Jorie Boulevard to westbound Oak
Brook Road and then dual left turn lanes from westbound Oak Brook Road to
southbound Route 83 be investigated.
Roll call vote: Ayes: Trustees Congreve, Imrie, Philip, Reynolds, Rush,
and Watson
President Cerne indicated disapproval of the motion. So ordered
VILLAGE OF OAK BROOK MINUTES 2 October 21, 1980
VILLAGE OF OAK BROOK MINUTES 3
B. Adjournment Time - 9:15
Trustee Congreve moved - seconded by Trustee Rush...
To adjourn this meeting.
Voice vote: all in favor So ordered
Respectfully submitted,
r
October 21, 1980
Marianne Lakosil, Village Clerk
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Approved
VILLAGE OF OAK BROOK MINUTES 3 October 21, 1980