R-35-00 03/27/2000RESOLUTION NO.I(- I6
00
RESOLUTION expressing official intent regarding certain
capital expenditures to be reimbursed from proceeds of an
obligation.
WHEREAS the President and Board of Trustees of the Village of Lemont, Cook, Will and
DuPage Counties, Illinois (the "Village"), 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 been paid within the sixty days prior to the passage of this Resolution
or (ii) will be paid on or after the passage of this Resolution; and
WHEREAS the Village 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 Village 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 $4,200,000.
Section 3. All actions of the officers, agents and employees of the Village that are in
conformity with the purposes and intent of this Resolution, whether taken before or after the
adoption hereof, are hereby ratified, confirmed and adopted.
Section 4. This Resolution shall be in full force and effect immediately upon its
adoption.
AYES: Benik, Blatzer, Latz, Markiewicz, Bimbo, Studebaker
NAYS: 0
ABSENT: 0
ADOPTED: March 27, 2000
Recorded In Village Records: March 27, 2000.
A ri'EST:
it age Clerk, Village of Lemont
Cook, Will and DuPage Counties, Illinois
OVED: March 27, 2000
'Ten, Vil agof Lemont,
Coo Will and DuPage Counties,
Illinois
EXHIBIT A
Description of Capital Projects
Street improvements in the Downtown Redevelopment Project Area and throughout the Village
Trustee Markiewicz moved and Trustee Latz seconded
the motion that said resolution as presented and read by the Village Clerk be adopted.
After a full discussion thereof, the President directed that the roll be called for a vote
upon the motion to adopt said resolution as read.
Upon the roll being called, the following Trustees voted
AYE: Benik, Blatzer, Latz, Markiewicz, Bimbo, Studebaker
NAY: 0
Whereupon the President declared the motion carried and said resolution adopted,
approved and signed the same in open meeting and directed the Village Clerk to record the same
in the records of the President and Board of Trustees of the Village of Lemont, Cook, Will and
DuPage Counties, Illinois, which was done.
Other business not pertinent to the adoption of said resolution was duly transacted at the
meeting.
Upon motion duly made, seconded and carried, the meeting was finally adjourned.
Village Clerk
STATE OF ILLINOIS
COUNTY OF COOK
) SS
CERTIFICATION OF MINUTES
I, the undersigned, do hereby certify that I am the duly qualified and acting Village Clerk
of the President and Board of Trustees of the Village of Lemont, Cook, Will and DuPage
Counties, Illinois (the "President and Board of Trustees "), and as such official I am the keeper
of the records and files of the President and Board of Trustees.
I do further certify that the foregoing constitutes a full, true and complete transcript of the
minutes of the meeting of the President and Board of Trustees held on the 27th day of March,
2000, insofar as same relates to the adoption of Resolution NoR.36DOentitled:
RESOLUTION expressing official intent regarding certain capital
expenditures to be reimbursed from proceeds of an obligation.
a true, correct and complete copy of which said resolution as adopted at said meeting appears in
the foregoing transcript of the minutes of said meeting.
I do further certify that the deliberations of the President and Board of Trustees on the
adoption of said resolution were conducted openly, that the vote on the adoption of said
resolution was taken openly, that said meeting was called and held at a specified time and place
convenient to the public, that notice of said meeting was duly given to all of the news media
requesting such notice, that an agenda for said meeting was posted at the location where said
meeting was held and at the principal office of the President and Board of Trustees at least 48
hours in advance of the holding of said meeting, that said meeting was called and held in strict
compliance with the provisions of the Open Meetings Act of the State of Illinois, as amended,
and with the provisions of the Illinois Municipal Code, as amended, and that the President and
Board of Trustees has complied with all of the provisions of said Act and said Code and with all
of the procedural rules of the President and Board of Trustees.
IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of said Village,
this 27th day of March, 2000.
Village Clerk
[SEAL]
MINUTES of a regular public meeting of the President and Board of
Trustees of the Village of Lemont, Cook, Will and DuPage
Counties, Illinois, held at the Village Hall, 418 Main Street,
Lemont, Illinois, in said Village at 7:30 o'clock P.M., on the 27th
day of March, 2000.
The meeting was called to order by the President, and upon the roll being called,
Richard Rwasneski, the President, and the following Trustees answered present:
Benik, Blatzer, Latz, Markiewicz, Rimbo, Studebaker
The following Trustees were absent:
0
The President announced that the Village desires to reimburse the Village's TIF and Road
Improvements Funds from bond proceeds of the upcoming general obligation alternate bonds
issued to finance street improvements in the Downtown Redevelopment Project Area and
throughout the Village.
Whereupon Trustee Markiewicz presented and the Village
Clerk read in full a resolution as follows:
1046279.01.02
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