HomeMy WebLinkAbout10/18/1969 VB minutes MINUTES OF A SPECIAL ~i'ING OF THE
PRESIDENT AND BOARD OF TRU~i'h~S
OCTOBER 18; 1969
CALL TO ORDER
President Teichert called the meeting to order at 11:00 A.M. Call to order
,_ ROIL CALL
Present upon roll call: Ahem Furst ~Kilroy Reiter Teichert Roll call
Absent: Soderman
Also Present: Virgil Barnette, VillaKe Manager,
and R. Marlin Smith
Mr. Smith presented a draft of the proposed purchase 8greement purchase ag%~ent.
between the Village of Mount Prospect and Utility Sewer & f/Utility Sewer
Water Co. for the purchase of the waterworks, water distribution & Water Co.
system and sanitary sewer system owned by Utility Sewer & Water
Co. for an aggregate purchase price of $802,800. Discussion of
the term~ of the proposed agreement followed. Trustee Reiter,
seconded by T~ustee ~hem, moved that the terms of the proposed
purchase agreement be approved as subm2Ltted and that the Village
President be authorized and directed to execute the agreement and
that the Village Clerk be authorized and directed to attest the same.
Upon roll call: Ayes: Ahem Furst Kilroy Reiter
Motion carried.
Mr. Smith presented a form of the proposed Bill of Sale to be Bill of Sale
delivered by Utility Sewer & Water Co. to the Village in con- f/Utility Sewer
nection with the acquisition of the waterworks distribution and & Water Co.
sanitary sewer syste~ of Utility Sewer & Water Co. A discussion
of the form of the proposed Bill of Sale followed. Trustee
Furst, seconded by Trustee Eeiter, moved that the form of the
proposed Bill of Sale be approved and the Village President be
authorized and directed to accept the~Bill of Sale in the form
f~c~ Utility Sewer & Water Co.
Upon roll call: Ayes: ~hern Furst Kilroy Reiter
Motion carried.
Thereupon, Trustee Reiter offered the following Resolution
W~AS, the President and Board of Trustees
of the Village of Mount Prospect have heretofore RESOLUTION $or the
approved and authorized the execution of a purchase purchase of Utility
agreement between the Village of Mount Prospect and Sewer & Water Co.
Utility Sewer & Water Co.; and
,~wEAS, the terms of the said purchase agree-
merit require the Village to accept the assignment
of a lease of a certain parcel of property used and
occupied by Utility Sewer & Water Co., for a water
storage tank and pump house, which proper~y is
described as:
The North 80 feet of the South 646 feet of
the West 160 feet of Lot 5 in the Division
of the Louis F. Busse Farm, being the North-
east Quarter (NE 1/4) except the West 686.4
feet, of the Northwest Quarter (NW 1/4) of
s82[d Northeast Quarter (NE 1/~), of Section
15, Township 41 North, Mange ll, East of the
Third Principal Meridian, in Cook County,
Illinois, and commonly kno~rn as Lot '~" in
Elk Ridge Villa Unit No. 7
October 18, 1969
WHEREAS, the P~esident and Board of Trustees
desire to accept the assig3mnent of the aforesaid
Resolution27-69 lease.
NOW THEREFORE BE IT RESOLVED by the President
and Board of Trustees of the Village ~f Mt. Prospect
that the Village President and he is hereby authorized
and directed to execute the acceptance of t~e assign-
ment of the above-described lease and the'Village
Clerk be and he is hereby authorized to attest the
same; and, that this Resolution be in full force and
effect from and af"cer its passage and approval in the
manner prescribed by law.
Trustee Reiter moved the adoption of the said Resolution, seconded
by Trustee Ft~st.
Upon roll call: Ayes: Ahen9 Furst Kilroy Reiter Nays: None
Resolution carTied.
Thereupon, Trustee Ahe~n offered the following Resolution:
WHEREAS, the President and Board of Trustees
of the Village of Mount Prospect have heretofore
Resolution 28069 approved and authorized the exectulon of a purchase
agreement between the Village of Mount Prospect and
Utility Sewer & Water Co.; and
WHEREAS, the proposed purchase agreen~nt
requires the Village of. Mount Prospect to accept
assig~mnent of a water supply contract dated May
1959, by and between Citizens Utilities Con,any
old'Illinois, as successor-in-interest of Waycinden
Sewer & Water Co., and Utility Sewer~ &~Water Co.;
and
WHEREAS, the President and Bos~d of Trustees
desire to accept the assignment of the said ~mter
supply contract;
N@! THEREFORE BE IT RFEOLVED by the President
and Board of T~ustees of the V~llage 6f Mount
Prospect that the Village Presiden~t 'be and he is
authorized and directed to execute an acceptance
of the assi~ent of the said water supply contract,
and the Village Clerk be and he is hereby authorized
and directed to attest the same; and, that this
Resolution shall be in full force and effect frc~
and after its passage and approval in the manner
provided by law.
Trustee Ahe~n moved the adoption of said Resolution, seconded
by Trustee Reiter.
Upon roll call: Ayes: ~hern Furst Kilroy ReiSer Nays: None
Resolution carried.
Thereupon, President Teichert presented the following Order for
approval by the Board of Trustees:
ORDER AND AUTHORIZATION TO MAKE
Order for payment FROM ~"~HE ACQUISITION AND CONSTRUc'I~±ON FUND ACCOUNT OF
to Utility ~Sewer THE IriLLAGE OF MOUNT PROSPECT
& Water Co.
October 18, 1969
TO: Mr, Richard L. Jesse Order to ~ir. Jesse to
Village Treasurer make payment for
112 East Northwest Highway Utility Sewer & WaterCo
Mount Prospect, Illinois 60056
We hereby order you to pay the sum of $802,800
to Utility Sewer & Water Co., from the Acquisition
and Construction Fund Account of the Village of
Mo~ut Prospect for the purpose of acquiring the
existing waterworks and water distribution system
and the existing snaitary sewer system owned and
operated by Utility Sewer & Water Co., which
systems are more fully described in Exhibit "A"
attached to this order and made a part hereof by
this reference.
DATED this 18th day of October, 1969.
TrusteeReiter moved that the aforesaid Order and Authorization
to Make Payment from the Acquisition and Construction Fund
Account of the Village of Mount Prospect be approved and that
the Village President and the ~lllage Clerk be authorized and
directed to execute tb~ same.
Upon roll call: Ayes: Ahem Furst Kilroy Reiter
Motica carried.
Upc~ motion duly made, seconded and carried un~mimously, the
meeting was recessed at 11:43 A. M. to convene at 11:55 A. M. in
the Board Room at the Mount Prospect State Bank for the closing
of the acquisition by the Village of Mount Prospect of the water-
works, water distribution system and sanitary sewer system of
Utility Sewer & Water Co.
President Teichert reconvened the meeting at 11:55 AM in the
Board room at the Mount Prospect State Bank.
ROLL CALL
Present upon roll call: Ahem Furst Kilroy Reiter Teichert
Absent: Sederman
Also present: Salvatore DiMucci, Sr., President of
Utility Sewer & Water Co., Mrs. LaVeme
DiMucci, Secretary of bttitity Sewer &
Water Co., Ernest Sauber of~U~ility Sewer
& Water Co., Robert ~herry, attorney for
Utility Sewer & Water Co., Virgil
Barnette, Village Manager, and R. Marlin..'
Smith.
Thereafter the Purchase Agreen~nt, the Bill of Sale, and all Si_~ning of all
other documents to be exchanffed at the closing were examined, legal papers re-
verified and ~losing documents were exchanged, garding above
purchase
Upon motion duly made, seconded, and csrried, President Teichert Utility Sewer
~'~ declared the meetng adjourned at 3:15 P.M. & Water Co.
October 18, 1969