HomeMy WebLinkAbout07/22/1980 FC Minutes/j
Village of Mount E roa a t
100 S. Ernersori
I"e ourit Prospec'G, Illinois EiCJC)`vx'`F
TO: Mayor and Bog
of Trustees
FROM: Trustee Edwa.
Finance Corm I=eeMiller, Chairman
Re; Finance Commst-t-..a Meeting, July 22, 1980
DATE; July 31, 1980
The meeting was
Village Halla
and Theodore J.
Peppler.
called to order
Present wez-e Chairman 8.00 P.M. in the
Wattenbez- Trustees, .m of
rman Miller, Roo
�3 % Direct ' Trustees E. F.
or of Management Rich
Services Marth rds or,
Financing Ordinance
the
tars . Pezr lerresented, ri r7
mittee. This ordinance oirltmance c� � ing
and line of credit sect j r ,, th.e rec if�:.c� �. �n meth°leads tc� t
the c of tj)e he co-.
Motes, Se urity lntere,s t.� z. p n t de. The Section carr ent hone �
which will ally tae Vij,ag,, t roof, i. the :, Prombssor
114
and the cc,>ajPI ter, tm�c to is borrow money to cz�ahlin ordinance
dinaa ce is ait awillthe Boesche pro e °t
to less an ordinance to exe � Passed,
The coir ittee discussed t ': 11th the various only e
jPrOvisions pr r .isSory notes aeoe snr
rVie tiona the. use of -je �� ,de pQty drof t2le ord rxancr , � the bank.
staff has subs quently Ejy... leI n Section .fr0 � . Pich dson
standard reference in and � dmw gel corinsel paragraph B
the committee unanimously �r�t, �raaa�cr lang��a e that this terms
d to redorau9R g 3aV,mng n othsr is a
the Village Board and t X)r C rent nd p Passage of question
1980 Meeting'. it fdr a first reading at the August
to
gust 8,�
Oom.�ater �,nandira ,a°aal i
The committee reviewed the r—port pa e cn e
financing methods for tho opt d; by Mrs. R
unanimously agreed t reo;caaaaned erA�"stem. r t ppler On alternative
t, the B (Re attached)
computer on a four year note f oar that , It was.
Village banks to obtain the r om the lank, the �i.l lige
�oMst Mrs �. peppier wiillp r`chase the
attorney prepare the appy'„o it f"aralle ler°ass r,on:dt
Board meeting. e , romiss ory noteforwee the Va..l:x.ag they
use fig, 18C)
- 2 -
auaa- .
e �:r .: d the current financial r�� o t and suggested d changes
report � NLrs. Peppier
The a or�aa� tte
� ti ����-n uter. The
to Current . monthly m � Mt r .h wa�i�� PC off �F�� P periodic
"r o idea ^S a � of d reed to cont�i e� this
r oved' the basic format an
0QIMM approved
er
. Miller aMt��� ����ta�a ta the Managerro �ded conduca thetBoard withnal
-review. car to that a p
of the onthly a e;oax ta��ea�tai reports
i e and concis reports.
a eaaaoaa,i^ o- developing more co"'
for 7,ni at 26t i9'd9 . M Miller
Th conml tt.e � �.dn� eat' its sae t e tirao on that of,nigthe
T a" a
;aa�ewtd ta.kt the ' 19 d
`���..�;��� at—a COV",
� tae "'hole
nni�;g oi' the rea�iarmeeting, i ont
Meeting , he .d at the beg- te+
analysis oit�aen�tage��^a°asc� is or�a"t
'attenhdr asyed car a narrative y tee
resented tae ;iaa a ee 00"50 .t "
y pro ded to that. Board to istr :am inin °the oaaaa itte
also aed hate the itaaic or tl.aceaadr
harg'e list: 'Free2l o
n n
System.
The meeting was adjourned at 9:02.