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HomeMy WebLinkAbout05/18/1982 VB minutes MINUTES OF THE REGULAR MEETING OF THE MAYOR AND BOARD OF TRUSTEES May 18, 1982 CALL TO ORDER ~ALL TO ORDER. Mayor Krause called the meeting to order at 8:02 P.M. INVOCATION INVOCATION The invocation was given by Trustee Murauskis. ~-- ROLL CALL ROLL CALL : Present upon roll call: Mayor Krause Trustees Arthur Farley Floros Murauskis Wattenberg Absent: Trustee Miller kPPROVAL OF MINUTES APPROVE MINUTEJ Trustee Farley, seconded by Trustee Arthur, moved 5/4/82 Meetin~ to approve the minutes of the regular meeting of the Mayor and Board of T~uStees held May 4, 1982 Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. APPROVAL OF BILLS AND FINANCIAL REPORT APPROVE BILLS Trustee Floros, seconded by Trustee Arthur, moved to approve the following list of bills: General Fund $ 282,391.83 Revenue Sharing Fund 12,041.16 Motor Fuel Tax Fund 2,741.11 Community Development Block Grant 14,485.64 ~'- Illinois Municipal Retirement Fund 24,970.38 Waterworks & Sewerage Fund: Operations & Maintenance 80,455.66 Parking System Revenue Fund 2,651.77 Corporate Purposes Const~ 1973 82,471.40 S.S.A. #4 Const. Fund 18,912.90 Fire Equipment 1964 365.00 Public Works Building 1964 1,190.00 Fire Station 1964 777.50 Contrac{or's Surety & Sidewalk 700.00 Trust Fund 1,189.40 Library Investment Fund 2,339.79 $ 527,683.54 Upon roll call:~ Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. Trustee Floros, seconded by Trustee Murauskis, moved to accept the financial report dated April 30, 1982, subject to audit. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. COMMUNICATIONS AND PETITIONS CITIZENS TO BE HEARD The Mount Prospect Kiwanis Club presented the three LOWELL J. FELL finalists for the Lowell J. Fell Scholarship, they were: Vicki Luempert, 605 Ironwood; Jennifer Mallery,~ FINA¥.IS~S 1854 Phillip Dirve; and Richard Reese, 503 N. Fairview. MAYOR' S REPORT I~PPOINTMENTS: Mayor KrauSe presented announced that Tom Grissom HANK FRIEDRICHS had submitted his resignation from the Fire ~IRR & POLICE COM. and Police Commission and recommended Henry Friedrichs fill the vacancy, term to expire May 1, 1983. Trustee Floros, seconded by Trustee Murauskis, moved to concur with the recommendation to appoint Hank Friedrichs to the Fire and Police Commission, term to expire May 1; 1983. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Krause Nays: None Motion carried. .LAURENCE HAGAN Trustee Floros, seconded by Trustee Farley, pLAN COMMISSION moved to concur with the appointment of Laurence Hagen to the Planning Commission, to fill the vacancy created by Art Brescia's resignation, which term would expire May 1, 1984. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Krause Nays: None ~otion carried. OLD BUSINESS ZBA 27-Z-81 ZBA 27-~-81, 201 E. Kensington Road ~ 201 E. KENSINGTON RD. This case was presented at the time the Village declared a moratorium on amusement devices and a motion to table action ~til the moratorium was over was passed. This matter was continued to the June 1, t9~2 Village Board meeting in Order to give the petitioner an opportunity to decide whether to pursue the request or not. MANAGER'S REPORT Village Manager Terrance L. Burghard presented bids received for tree trimming, a full ~ tabulation is attached to these minutes. Trustee Arthur, seconded by Trustee Wattenberg, moved to accept the low bid submitted by AYD_A_~E~Y_~_~_~ Davey Tree Expert Company for the 1982 tree EXPERT CO. trimming at a cost not to exceed $39,358.00. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. TREE REPLACEMENT Mr. Burg~ard then presented the bid results for the parkway tree replacement program. The specifications required the bidders to bid on a 'per diameter inch' basis for different size trees: Nels Johnson Hendrickson Tree Experts Tree Experts Medium Tree 12.6 - 24.5" dia. $7.00 inch $7.45 inch Large Tree 24.6 - 36.5" dia. $8.00 inch $8.65 inch Very large tree 36.6 - 48.5" dia. $10.00 inch $10.40 inch May 18, 1982 Palp Tw~ Trustee Farley seconded by Trustee Arthur, moved ' TREE EXPERT C to accept the low bid for parkway tree replacement submitted by Nels Johnson Tree Expert Company at a cost not to exceed $24,000.00. Upon roll call: Ayes: Arthur Farley Ftoros Murauskis Wattenberg Nays: None Motion carried. Mr. Burghard presented a proposal received from R.~.NORENE R. V. Norene, financial consultants. This I~AKE MICHIGAN proposal would suggest the alternate methods of WATER allocating funds for the acquisition of Lake ACQUISITIOn.. Michigan water. The proposal states that the cost would be between $4~000 and $6,000, a copy of the proposal is attached to these minutes. Trustee Arthur, seconded by Trustee Murauskis, moved to approve the proposal submitted by Ro V. Norene as financial consultants on the acquisition of Lake Michigan water. Upon roll call: Ayes: Arthur Floros Murauskis Krause Nays: Farley wattenberg ' Motion carried. The Village Manager stated that the Weller Creek .WELLER CREEK improvement would need additional fill along the IMPROVEMENT banks which would require an increase in the total amount by an additional $35,640.00. Trustee Wattenberg, seconded by Trustee Arthur, moved to authorize the expenditure of an NAGEL EXCAVATI~ additional $35,640 to Nagel Excavating Company for additional fill for the Weller Creek improvement. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. Mr. Burghard stated that the request for annexation .LINCOLN CIRCLE for property commonly known as "Lincoln Circle ANNEXATION Estates" had been withdrawn by the petitioner. NEW BUSINESS An Ordinance ~ending the Traffic Code was presented AMEND CH. 18 to include the two Municipal Lots at Busse Avenue and Main Street and to amend the legal description of the Maple Street Lot. Trustee Arthur, seconded by Trustee Murauskis, moved to waive the rule requiring two readings of an ordinance in order to take action on the subject ordinahce. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. Trustee Arthur, seconded by Trustee Wattenberg, Page Three May 18, 1982 moved for passage of Ordinance No. 3214 AN ORDINANCE AMENDING CHAPTER 18, TRAFFIC CODE, OF THE VILLAGE CODE Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. ~ ZBA 4-V-82, 1310 River Road 1310 River Road This case is a request for a variation from the lot width requirement. The subject parcel on River Road is a long narrow parcel with several buildings presently in disrepair. The petitioner proposes to divide the lot into three lots, 2 of which would meet the 65 foot wide requirement and the 3rd lot would be 42 feet wide. Trustee Floros, seconded by Trustee Farley, moved to concur with the recommendation of the Zoning Board of Appeals and grant the. requested variation. Upon roll call: Ayes: Arthur Farley Floro$ Murauskis Wattenberg Nays: None Motion carried. An ordinance will be dr~fted for first reading at the June 1st Board meeting and a plat of subdivision will be presented to the Planning Commission before coming before the Village Board. The Safety Commission report was presented. A request had been received for a street STREET LIGHT: light at Glendale and Blackhawk, and the BLACKHAWK & Safety Commission referred the matter to ~LENDALE Commonwealtk Edison for recommendation as to placement of such a street light. Trustee Farley, seconded by Trustee Wattenberg, moved to concur with the recommendation of the Safety Commission to ~eny the requested street light. ~' Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. ~sToP SIGN~ A request had been received for a STOP sign ~ at Robert Drive and Palm. Trustee Farley, seconded by Trustee Wattenberg, moved to concur with the recommendation of the Safety Commission to deny the requested STOP sign. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. ~AMEND CH. 22 An Ordinance was presented that would amend ~wE~ ~HAR~RS Chapter 22 to provide for a separate sewer charge. The present billing procedure combine the sewer and water usage charges. May 18, 1982 page Four n Ordinance Amending Chapter 22 of the Village Code had its first reading and will be presented June 1st for second reading. OTHER BUSINESS DUNKIN DONUTS Dunkin Donuts Plats of Subdivision, indicating the entire parcel with the vacation and dedication PLAT OF previously approved, was presented. SUBDIVISION Trustee Farley, seconded by Trustee Arthur, moved to authorize the Mayor to sign and Clerk to attest her signature on the Dunkin Donuts Plat of ~ Subdivision. Upon roll call: Ayes: Arthur Farley Floros Murauskis Wattenberg Nays: None Motion carried. ADJOURNMENT ADJOURN Trustee Floros, seconded by Trustee Arthur, moved to adjourn the meeting. Upon roll call: Ayes: Unanimous Motion carried. The meeting was adjourned at 9:28 P.M. Carol A. Fields Village Clerk Page Five ~ May 18, 1982 ' :- - * R.V. NORENE & Associates. Inc. _ PROPOSAL FOR z VIL~GE OF MOUNT PROSPECT, ILLINOIS z Tri-State Center. Suite 180. 2215 Sanders Road · Northbrook IL 60062- Area (312) 498-9844 ,_ . R V. NORENE & Associates, Inc. April 27, 1982 President and Board of Trustees Village of Mount Prospect Village Hall 100 South Emerson Street Mount Prospect, Illinois 60056 Ladies and Gentle, eh: We understand that you contemPlate creating a Special Service District to provide a property tax funding vehicle for that portion of the Village that will be provided Lake Michigan water by the North- west Suburban Municipal Joint Action'Water Agency (the Agency). It is also contemplated that the Special Service ~istrict wilt levy a property t~x for the payment of water delivered to the District. We are pleased to offer our financial advisory services to establish a financing pro- gram and successfully market and deliver the necessary bonds for the project as it is now proposed, or as it may be modified. (1) We will ~mmediately familiarize ourselves with the project through meetings with your staff, your attorneys and engineers and based thereon establish a tentative financing timetable so that close coordination will be ensured in the legal and financial aspects of the creation of the District and the fi- nancing. (2) We will submit estimates to you of the annual debt service cost and will make recommendations regarding the financial plan. These will be based upon our review of the informatio~ concerning the District, the Village's responsibilities to the Agency, the Village's present bonding needs, future bonding needs (if applicable) and the municipal bond market. (3) We will prepare financing data concerning the tax impact on your residents for the information of yourselves and civic groups and for presentation at the public hearings regarding the creation of the District and the issuance of the bonds. (4) We will specify financial provisions to be included in the legal proceedings for a most attractive and successful fi- nancing. Tr -State Center, Suite 180,2215 Sanders Road. Northbrook~ IL 60062 Area (312! 4~8"9844 R.V. NORENE & Associates. Inc. (5) We will research the financial information and economic data bearing upon the District as a taxing entity, you as an issuer and the successful marketing of the bonds and will assemble same, together with the details of the bonds, into an attrac- tive Official Statement which will allow you to satisfy the .. current market requirements for full disclosure. The Official Statement will be submitted to you prior to its distribution. (6) We will advise you of the marketing procedures and specifical- ly recomm~end the time, place and method of conducting the bid opening and sale of the bonds. (7) When a bond bid opening date has been established, we will: (a) arrange for the publication (if applicable) of the notice(s) of sale in the national financial press. (b) make a recommendation relative to the advisability of obtaining an investment rating and, if you elect to request one, we shall make application on your behalf including preparation of the necessary information. (c) recommend whether you should make application for municipal bond insurance and if it is decided to make such application, we shall submit the neces- sary infor~ation. (d) distribute the Official Statement to a broad list of prospective bidders, investment advisors and investing institutions. (8) We will attend the bid opening where we will conduct the sale, ¼ check the bids for accuracy and advise you of the acceptability of the best bid received. (9) We will assist in and coordinate all details leading up to the delivery of the bonds, including the printing of the bonds and calculating the amount due at delivery. (10) Upon completion of the delivery of your bonds we shall com- pute a record of payments of principal and interest and pro- vide you with a convenient reference s,rmmary of the financ- ing. We shall have no interest in the p~rchase or resale of your obli- gations nor shall we engage in any other activity which may constitute a conflict of interest with performance of our services for you, We will not obligate you for any expenses except with your approval. ~¥ou will be responsible for the fees of your attorneys, bond coun- sel, engineers/architects and are to pay all of your ordinary expenses including advertising, printing and distribution of Official Statements, the purchase (if applicable) of a rating for the bonds, the purchase (if applicable) of municipal bond insurance, and printing and delivery of the bonds. We will assist you by arranging for the advertisement of the sale in the national financial press and where applicable, will obtain competitive bids on the necessary printing. 2 R.V. NORENE & Associates, Inc. For our services we are to be paid a fee which shall include our own ordinary expenses, our necessary travel expenses and our services ~--~ in full which, in addition to those outlined in this Agreement, shall ~ include all necessary and usual functions to complete the financing. If bonds are sold our fee is to be calculated as follows: A base fee of $6,000 plus $3.00 per $1,000 par amount for all bonds issued in excess of $1,000,000 which fee shall be due at the bond bid opening and payable upon receipt of bond proceeds. If for whatever reason, no bonds are sold, we are to be compensated for our time at a rate of $85 per hour plus our actual out-of-pocket expenses provided that in no event shall those charges exceed $4,000. If the concept of issuing Special Service District bonds for this project is abandoned, or if no bonds have been sold within six months of the acceptance of this Agreement by the Vil- lage, we will submit an invoice for our time and out-of-pocket expenses which shai1 be payable by the Village within 30 days thereof. If at a later date bonds are sold for the project, we shall credit the amount paid for our time and out-of-pocket expenses asainst the bond sale fee. Respectfully submitted, R. V. Norene & Associates, Inc. RVN/p$ j Accepted by the Village of Mount Prospect, Illinois this day of 1982, You are instructed to proceed. VILLAGE OF MOUNT PROSPECT, ILL. Village Manager 3