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Minutes - 10/24/1977 - Board of Trustees............ VILLAGE OF OAK B HjMjT9$ OF SMIAL HIS TING October 24, '1977 I CALL H,99TING TO ORDER A. Roll Call The Special Keating was called to Qrd*r At 7130 P.M. by Provident Rowell. All trustees were present. This Is a special meattug of the president and Board of Truateco of 00 V1,11494 of Oak Brook caLlad by the Provident And Board of Trustees of the Village Of Oak Brook purausat to a Notice by the Pro'sident in accord with the, rules 0( thin Board and the laws of 11110010, to be held on Monday, October 24, 1977, at 7:30 P.M. in the Samuel Z. Dean Board Room of the Oak Brook Village C for the purpose of: 1. Considering and acting upon an ordinance author txlng the execution 4"d delivery of an agreement entitled "First Amendment to Agreement between the Village of Oak Brook and The Sutler Comparty dated May 31, 197711 wherein the parties thereto agree to amend paragraph 3 of said Agreement to pro- vide that the manner of pay went of the purchane price of $9,420,000 far the Butler International Sports Core shall be as follows: Date Amount Closing $ 820v000 1-2-78 3,225t000 1-2-79 1,000,000 1-2-80 1,0009000 1-2-81 3,375,000 and that if the closing were purswint to the terms of the Agreement deferred the manner of payment would be as follows: Closing $ 3,245,000 1-2-79 1,800,000 1-2-80 1,0009000 1-2-82 3,375,000; and 2. Considering and acting upon an investment program Involving the proceeds of the General Obligation Recrestioa Bond Issu* authorized pucauant to Ordinance No. S-385 adopted on 'September 13, 1977, Notice of thia special meeting was posted and published in the Village Hall on October 21, 1977, and has remained posted to this time. and all no-"papers on record with the village were notified on October 21, 1.077. of 00 call of tht" special meeting. it SPORTS CORE - AWandment to ?uLcb so Aitromment - Ordinance 8-387. AN ORDINANCE �1 4 ENTITLED "FIRST AUTIIORIZINq THN FXECUTION AND DELIVERY OF A -UR AMMENT TO A(;REIWZNT by AND USTWZgN TjjZ vjjLAo3 OF OAK BROOK AND THE BVTI COMPANY9 DATED HAY 31, 1977". Trustao Corn* moved - seconded by Trustee Rush... To approve Ordinance 9-367 an reso by title and waive Tooding of "am - 0411 CA11 VOW Aye@ - Trustame Brown, COVU6, GJAV08, Phl"Pt joynolda, Runh and President HOW612 "'gyp none So ordoro4- Absent 0000 Trust" Reynold* WV#d seconded by Trvetse QlAvOssoo Th#t,. the (0110ving investments be made From the Bond proceeds facel"d On October 25, 1917, in federally "curod Certificated Of 00POSit' VO 8 "60 rw-�M s'Al 10"M -077 W-24-17 'm 2 ft Respectfully oubmitted, Irp Lakogil VJ Ilage Old-rk