R-69-02 11/25/02RESOLUTION 41-6 2 -00--
RESOLUTION DECLARING OFFICIAL INTENT REGARDING CERTAIN
CAPITAL EXPENDITURES TO BE REIMBURSED FROM PROCEEDS OF
AN OBLIGATION
WHEREAS, the Village of Lemont, Cook, Will and DuPage Counties, Illinois (the "Issuer"), has
developed a list of capital projects (the "Projects ") described in Exhibit A hereto; and
WHEREAS, all or a portion of the expenditures relating to the Projects (the "Expenditures ") (i)
have ben paid within the sixty days prior to the date of this Declaration or (ii) will be paid on or after the date
of this Declaration; and
WHEREAS, the Issuer reasonably expects to reimburse itself for the Expenditures with the proceeds
of an obligation:
NOW, THEREFORE, Be It and It is Hereby Resolved by the President and Board of Trustees
of the Village of Lemont, Cook, Will and DuPage Counties, Illinois, as follows:
Section 1. The Issuer reasonably expects to reimburse the Expenditures with proceeds of an
obligation.
Section 2. The maximum principal amount of the obligations expected to be issued for the
Projects is not in excess of $2,500,000.
Section 3.
All actions of the officers, agents and employees of the Issuer that are in conformity
with the purposes and intent of this declaration, whether taken before or after the
adoption hereof, are hereby ratified, confirmed and adopted.
Section 4. This Declaration is made pursuant to Treasury Regulations Section 1.150 -2.
Section 5. This Declaration shall be filed immediately in the office of the Village Clerk.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS
on this 25th day of November , 2002.
John Benik
Debby Blatzer
Peter Coules
Connie Markiewicz
Steven Rosendahl
Jeanette Virgilio
AYES NAYS PASSED ABSENT
JOHN . . PI • ZA, Village Presid
Filing acknowledged this 25th day of Novem
ENE SMOLLEN, Village Clerk
ExmBIT A
Description of Capital Projects
Acquisition, construction and installation of public capital improvements in and for the
Downtown Redevelopment Project Area of the Issuer.
RESOLUTION R--1 V 04-
RESOLUTION AUTHORIZING ACCEPTANCE OF PROPOSAL
FROM KANE, MC KENNA CAPITAL, INC.
FOR FINANCIAL ADVISORY SERVICES RELATED TO A BOND ISSUE
FOR THE STEPHEN STREET RECONSTRUCTION PROJECT
WHEREAS, the Village of Lemont desires to issue a bond for the Stephen Street
Reconstruction project within the Village of Lemont; and
WHEREAS, the Village of Lemont seeks to utilize the firm of Kane McKenna Capital, Inc.
For financial advisory services in conjunction with the bond issue; and
WHEREAS, Kane McKenna Capital, Inc. has presented a proposal to the Village of Lemont
identifying the terms and conditions of the services to be provided.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees that the
Proposal for Financial Advisory Services in connection with Bond Financing for the Village of
Lemont, Illinois attached hereto as Exhibit A is hereby approved.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS
on this 25th day of November , 2002.
John Benik
Debby Blatzer
Peter Coules
Connie Markiewicz
Steve Rosendahl
Jeanette Virgilio
Attest:
CHARLENE SMOLLEN, Village Clerk
AYES NAYS PASSED ABSENT
I®
IAZZA, Villa r a Pres;;'ent