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HomeMy WebLinkAboutOrd 6320 05/02/2017 Designating the General Obligation Refunding Bonds, Series 16, of the Village of Mount Prospect, as Library BondsORDINANCE NUMBER 6320 AN ORDINANCE designating the General Obligation Refunding Bonds, Series 2016, of the Village of Mount Prospect, Cook County, Illinois, as library bonds and directing the County Clerk to classify the direct annual tax sufficient to pay the principal of and interest on said Bonds as levied for library purposes. WHEREAS by virtue of its population, and pursuant to the provisions of Section 6 of Article VII of the Illinois Constitution of 1970, the Village of Mount Prospect, Cook County, Illinois (the "Village "), is a home rule unit and may exercise any power or perform any function pertaining to its government and affairs including, but not limited to, the power to tax and to incur debt; and WHEREAS, the Village has heretofore issued and now has outstanding its General Obligation Refunding Bonds, Series 2016 (the "Bonds"); and WHEREAS, the Bonds were issued for the purpose of refunding the Village's General Obligation Library Refunding Bonds, Series 2006, dated December 15, 2006 (the "2006 Bonds "), said 2006 Bonds having been issued for library purposes; and WHEREAS, pursuant to Ordinance Number 6255 adopted by the the President and Board of Trustees of the Village (the "Board") on the 21st day of June, 2016, as supplemented by a Direction for Abatement of Taxes, dated the 10th day of August, 2016 (the "Bond Ordinance"), the Village has heretofore levied direct annual taxes (the "Pledged Taxes") upon all of the taxable property within the Village sufficient to pay the principal of and interest on the Bonds; and WHEREAS, the Bond Ordinance has been filed with the County Clerk of the County of Cook, Illinois (the "County Clerk"); and WHEREAS, the Board does hereby determine that Bonds were issued for library purposes and shall be classified as such by the County Clerk for the purposes of extending the Pledged Taxes: Now THEREFORE Be It Ordained by the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, as follows: Section 1. Incorporation of Preambles. The Board hereby finds that all of the recitals contained in the preambles to this Ordinance are true, correct and complete and does incorporate them into this Ordinance by this reference. Section 2. Designation of Issue. The Board hereby designates the Bonds as having been issued for library purposes. Section 3. Direction to County Clerk and Filing of Ordinance. The Board hereby directs the County Clerk to classify the Pledged Taxes as levied for library purposes. Forthwith upon passage of this Ordinance, the Village Clerk is hereby directed to file a certified copy of the Ordinance with the County Clerk. Section 4. Severability. If any section, paragraph, clause or provision of this Ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this Ordinance. -2- Section S. Superseder and Effective Date. All ordinances, resolutions or orders, or parts thereof, in conflict herewith, are to the extent of such conflict hereby superseded; and this Ordinance shall be in full force and effect immediately upon its passage, approval, and publication in the manner provided by law. ADOPTED: May 2, 2017 AYES: Hoefert_ Polit_ Rogers_ -Saccotelli Zadel NAYS: ABSENT: Matuszak APPROVED: May 2, 2017 ATTEST: Village Clerk, Village of Mount Prospect, Cook County, Illinois President, Village 0 ount Prospect Cook County, Illinois Recorded in the Village Records: May 2, 2017. -3- EXTRACT OF MINUTES of a regular public meeting of the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, held in the Village Board Room of the Village Hall, located at 50 South Emerson Street, in said Village, at 7:00 p.m., on the 2nd day of May, 2017. The President, Arlene A. Juracek_, called the meeting to order and directed the Village Clerk to call the roll. Upon roll call, the President and following Trustees were physically present at said location: I Wm.. Paul. Hoefert_ Steven Polit_ Richard Rogers. Colleen Saccotelli and Michael The following Trustees were allowed by a majority of the members of the President and Board of Trustees in accordance with and to the extent allowed by rules adopted by the President and Board of Trustees to attend the meeting by video or audio conference: None No Trustee was not permitted to attend the meeting by video or audio conference. The following Trustees were absent and did not participate in the meeting in any manner or to any extent whatsoever: John Matuszak Nja 2 1y1 , plcsented and made available to the Trustees and interested members of the public complete copies of an ordinance entitled: AN ORDINANCE designating the General Obligation Refunding Bonds, Series 2016, of the Village of Mount Prospect, Cook County, Illinois, as library bonds and directing the County Clerk to classify the direct annual tax sufficient to pay the principal of and interest on said Bonds as levied for library purposes. (the "Ordinance "). Ordinance Designating Series 2016 Bonds and Library Bonds.docx 2242428 Trustee Hoefert moved and Trustee Rogers seconded the motion that all provisions of Section 201(C)(1)(a) of Article II "Rules of Order" of Chapter 2 of the Village Code (the "Rule ") requiring two readings of ordinances be waived for purposes of the Ordinance and that the Village Board be allowed to adopt the Ordinance without two readings as presented on the Consent Agenda. The President directed that the roll be called for a vote upon the motion to adopt the Ordinance as presented on the Consent Agenda. Upon the roll being called, the following Trustees voted AYE: Hoefert, Polit, Rogers, Saccotelli, Zadel and the following Trustees voted NAY: None WHEREUPON, the President declared the motion carried and the Ordinance adopted, and henceforth did approve and did direct the Village Clerk to record the same in full in the records of the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois. -2- Other business was duly transacted at said meeting. Upon motion duly made and carried, the meeting adjourned. rIA4 v vl Village '"lerk -3- STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) FILING CERTIFICATE I, the undersigned, do hereby certify that I am the duly qualified and acting County Clerk of The County of Cook, Illinois, and as such official I do further certify that on the day of entitled: 2017, there was filed in my office a duly certified copy of Ordinance No. AN ORDINANCE designating the General Obligation Refunding Bonds, Series 2016, of the Village of Mount Prospect, Cook County, Illinois, as library bonds and directing the County Clerk to classify the direct annual tax sufficient to pay the principal of and interest on said Bonds as levied for library purposes. duly adopted by the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, on the 2nd day of May, 2017, and approved by the Village President, and that the same has been deposited in (and all as appearing from) the official files and records of my office. IN WITNESS WHEREOF I have hereunto affixed my official signature and the seal of said County, Illinois, this day of 12017. County Clerk of The County of Cook, Illinois [SEAL]