HomeMy WebLinkAbout11/21/1946 VB minutes
MINUTES OF, A SPECIAL MEETING
OF THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF
MOUNT PROSPECT, COOK COUNTY,
ILLINOIS, HELD AT THE VILLAGE
HALL, AT 5:30 O'CLOCK P.M. ON
THE 21st DAY OF NOVEMBER, 1946.
The President being out of the State, the meeting was called to
order by the Village Clerk, Roy E. Schlemmer, who called the roll. Upon
the roll being called, the following Trustees answered present: Hartwig,
Kirchhoff, Mott, Wax and Welsh. Trustee Lams and President Maurice B.
Pendleton were absent.
Trustee Hartwig moved and Trustee Wax seconded that Trustee Mott
be elected President pro tam for this meeting in the absence of Maurice
B. Pendleton, President, who is out of the State. The Clerk then called
the roll and the following Trustees voted: Aye: Hartwig, Kirchhoff, Mott,
Wax and Welsh. Nays: None. Whereupon the Clerk declared the motion
carried and Trustee Mott elected President pro tem.
The Clerk thereupon read the following communication:
November 19, 1946
Mr. Roy E. Schlemmer,
Village Clerk,
Mount Prospect, Illinois.
Dear Mr. Schlemmer:
Please call a meeting of the Village Board of
Mount Prospect for Thursday evening, the 21st day of
November, 1946, at8300clock P.M., at the Village Hall.
5
1
The purpose of this meeting is: •
1. To consider a resolution to abate a tax levy in
connection with the sale of 445,000 MuOicipal
Building Bonds occasioned by procuring a 2 1/2%
interest coupon rate in lieu of 3% voted for by
the citizens of this community;
2. To consider a resolution for the foreclosure of
the lien of special assessment;
3. To consider a petition for the re- zoning of
certain property submitted by Judge George
Quilici t
and for the purpose of transacting any village busi-
ness that may properly come before the Board at that
time. Very truly yours,
William T. Mott
Fred E. Welsh November 21, 1946
James E. Wax, Trustees ,
V 2 1 1 ...,._ ....C. %I4 711
Thereupon the Clerk read the following Affidavit: 31
STATE OF ILLINOIS )
( SS
COUNTY OF C 0 0 K )
ROY E SCHLEH1IER being first duly sworn on oath, de-
poses and says that he is the duly elected, qualified
and acting Clerk of. the Village of Mount Prospect, in
the County and State aforesaid; that on the 19th day of
November, 1946, he served a copy of the above and fore-
going call for a special meeting by personally deliver-
ing a copy thereof to each of the following Trustees:
Russell Hartwig
Theodore Lams
James E. Wax
Walter Kirchhoff
William T. Mott
Fred E. Welsh
Affiant further states that he left a copy of the
foregoing call with Mrs. Maurice B. Pendleton, the
wife of the President, Maurice B. Pendleton, who is
out of the State.
Further affiant saith not.
Si ,ned) Roy E. Schlenmer
,,. SUBSCRIBED and sworn to
before me this 21st day
of November, A.D. 1946.
(Signed) Frank M. Opeka
Notary Public
Trustee Welsh moved and Trustee Hartwig seconded a motion that the
call for a special meeting and the affidavit of serving notice of
said meeting ee accepted and placed on file. The Clerk then called
the roll and the following Trustees voted: Aye: Hartwig, Kirchhoff,
Mott, Wax and Welsh. Nays: None. Whereupon the President pro tem
declared the motion carried.
Trustee Mott presented and the Village Clerk read in full a
resolution, as follows:
Trustee Wax moved, and Trustee Hartwig seconded, the motion that said
resolutioL as presented and read by the Village Clerk be adopted.
After a full and complete discussion thereof the President pro tem
directed that the roll be called for a vote upon the motion to adopt
the resolution as read. Upon the roll being called, the following
Trustees voted: Aye: Hartwig, Kirchhoff, Mott, Wax and Welsh. Nays:
None. Whereupon the President pro tem declared the motion carried
and the resolution adopted, and thenceforth did approve and sign said
resolution in open meeting and direct the Clerk to record the same in
full in the records of the President and Board of Trustees.
3 2
A "RESOLUTION TO FORECLOSE TEE LIEN OF SPECIAL ASSESSMENTS" No.
33 -4 6 was then read. The motion was made by Trustee Welsh and seconded
by Hartwig that said resolution be adopted. The President pro tem put
the question and the Clerk called the roll with the following result:
Ayes: Hartwig, Kirchhoff, Mott, Wax and Welsh. Nays: None. The Pres-
ident pro tem thereupon declared the motion carried and the said resolu-
tion adopted.
The Clerk read a letter from George L. Quilici requesting the
re- zoning of Lots 39, 40 and 41 in Blk. 22 in Gussets Eastern Addition
to Mt. Prospect, to their original status for commercial use. Trustee
Wax moved and Welsh seconded that said request be referred to the Zoning
Commission. The motion was voted upon by acclamation whereupon the
President pro tem declared the motion carried.
A motion was made by Trustee Kirchhoff, seconded by Wax that the J
meeting be adjourned. The motion was voted upon by acclamation where-
upon the President pro tem declared the motion carried and the meeting
regularly adjourned.
40
gflil
3 _4(„
A RESOLUTION providing for the levy
of a direct annual tax sufficient to pay
principal of and interest on $145,000
Municipal Building Bonds of the Village
of Mount Prospect, Cook County, Illinois,
as it matures, and confirming sale of
said bonds to the purchaser thereof.
N o . 32 -46
WHEREAS the President and Board of Trustees of the Village
j of Mount Prospect, Cook County, Illinois, did on the 7th day of
May, 1946, adopt an ordinance providing for the issuance of $145,000
Municipal Building Bonds of said Village for the purpose of paying',
the cost of constructing a Municipal Building to provide adequate
1. facilities for the offices and departments of the Village govern-
;! merit in and for said Village, which said ordinance is now in full
force and effect, having been approved by a majority of the legal
voters of the Village voting thereon at a special election duly
called and held in and for said Village on July 10, 1946; and
WHEREAS by the terms of said ordinance hereinabove re-
ferred to said bonds were to be dated July 1, 1946, to bear interest
at the rate of three per cent (3 %) per annum, payable January 1,
fi 1948, and semi - annually thereafter, to be numbered from 1 to 145,
inclusive, to be of the denomination of $1,000 each, and to mature
serially $6,000 on January 1 of each of the years 1949 to 1953,
inclusive, $8,000 on January 1 of each of the years 1954 to 1958,
inclusive, $9,000 on January 1 of each of the years 1959 to 1963,
ii
inclusive, and $10,000 on January 1 of each of the years 1964 to
1966, inclusive; and
WHEREAS the President and Board of Trustees of the Village
of Mount Prospect have found it possible to sell said $145,000
l I Municipal Building Bonds at a lesser rate of interest than that
i I authorized in the bond ordinance, and it is hereby deemed advisable)
j and for the best interests of the inhabitants of the Village of
! Mount Prospect that the saving made by , p g possible b the issuance and
1
1 '
sale of bonds bearing a lower rate of interest than that authorized
be availed of and that said $145,000 Municipal Building Bonds bear
'! interest at the rate of two and one -half per cent (2) per annum
rather than three per cent (3 %) per annum as originally authorized;
and
WHEREAS before the said bonds authorized to be issued
by said ordinance hereinabove referred to and approved by a majority
of the legal voters of the Village voting thereon at said special
I election held on July 10, 1946, be issued and delivered, it is
necessary that provision be made for the levy and collection of a
direct annual tax sufficient to pay the interest on said bonds as
it falls due and also to pay and discharge the principal thereof at
maturity:
NOW, THEREFORE, Be It Resolved by the President and Board
of Trustees of the Village of Mount Prospect, Cook County, Illinois,
as follows:
Section 1. That the $145,000 Municipal Building Bonds
to be issued by the ordinance hereinabove referred to in
ij the preamble of this resolution which said akinance was submitted
to the legal voters of said Village and approved by a majority of
said legal voters voting thereon at a special election duly called,
noticed and held for that purpose in said Village on July 10, 1946,
bear interest at the rate of two and one -half per cent (2) per
annum, and that said interest be payable on January 1, 1948, and
semi- annually thereafter.
Section 2. That in order to provide for the collection of
i s direct annual tax sufficient to pay the interest on Municipal
Building Bonds of the Village of Mount Prospect, Cook County,
Illinois, numbered 1 to 145, inclusive, in the aggregate amount of
$145,000, as it fall due, and also to create a sinking fund suf-
ficient to pay and discharge the principal thereof at maturity,
said bonds being authorized by an ordinance adopted on the 7th day
of May, 1946, by the President and Board of Trustees of said
Village and approved by a majority of the legal voters of the said
Village voting thereon at a special election held in and for said
Village on the 10th day of July, 1946, said bonds being dated July
ii
1, 1946, numbered from 1 to 145, inclusive, of the denomination of
$1,000 each, bearing interest at the rate of two and one -half per '
cent (2e) per annum, payable on January 1, 1948, and semi - annually'
I thereafter, and due serially $6,000 on January 1 of each of the
years 1949 to 1953, inclusive, $8,000 on January 1 of each of the
years 1954 to 1958, inclusive, $9,000 on January 1 of each of the
years 1959 to 1963, inclusive, and $10,000 on January 1 of each of
the years 1964 to 1966, inclusive, there be and there is hereby
' levied upon all the taxable property within said Village of Mount
' Prospect in each year while any of said bonds are outstanding a
direct annual tax sufficient for that purpose and there be and
there is hereby levied on all of the taxable property within said
; Village in addition to all other taxes the following direct annual
tax, to wit:
ri
For the year 1946, a tax sufficient to produce
the sum of $5,437.50 for interest up to and
including January axy 1, 1948;
For the year 1947, a tax sufficient to produce
the sum of $9,625 for interest and principal;
For the year 1948, a tax sufficient to produce
the sum of $9,475 for interest and principal;
For the year 1949, a tax sufficient to produce
the sum of $9,325 for interest and principal;
For the year 1950, a tax sufficient to produce
the sum of $9,175 for interest and ;
, principal,
For the year 1951, a tax sufficient produce
the sum of $9,025 for interest and principal;
For the year 1952, a tax sufficient to produce
the sum of $10,875 for interest and principal,•.,
For the year 1953, a tax sufficient to produce
the sum of $10,675 for interest and principal;
it
ii
•
For the year 1954, a tax sufficient to produce
the sum of $10,475 for interest and principal;
For the year 1955, a tax: sufficient to produce
the sum of $10,275 for interest and principal;
For the ear 1956, a tax s
y , efficient to produce
the sum of $10,075 for interest and principal;
For the year 1957, a tax sufficient to produce
the sum of $10,875 for interest and principal;
For the year 1958, a tax sufficient to produce
the sum of $10,650 for interest and principal;
For the year 1959, a tax sufficient to produce
the sum of $10,425 for interest and principal;
For the year 1960, a tax sufficient to produce
the sum of $10,200 for interest and principal;
For the year 1961, a tax sufficient to produce
the sum of $ 9,975 for interest and principal;
For the year 1962, a tax sufficient to produce
the sum of $10,750 for interest and principal;
For the year 1963, a tax sufficient to produce
the sum of $10,500 for interest and principal;
For the year 1964, a tax sufficient to produce
, the sum of $10,250 for interest and principal;
That principal or interest falling due at any time when
there are insufficient funds on hand to pay the same be paid promtly
when due from current funds on hand in advancement of the collection
of taxes herein levied and when said taxes shall have been collected.
reimbursement shall be made to the said funds in the amount thus
advanced.
Section 3. That forthwith upon the adoption of this
resolution and its approval by the President and its recordation in
' the records of the President and Board of Trustees of the Village of
Mount Prospect, it shall be the duty of the Village Clerk to file
Li a properly certified copy of this resolution with the County Clerk
of Cook County, Illinois, and said County Clerk shall in and for
each of the years 1946 to 1964, inclusive, ascertain therate per
! cent required to produce the aggregate tax hereinabove provided to
be levied in each of said years, respectively, and extend the same
for collection on the tax books in connection with other taxes
,�
7W
levied in each of said years, respectively, in and by said Village
for general corporate purposes, and in each of said years such
annual tax shall be levied and collected by said Village in like
manner and with like effect as taxes for general corporate purposes
for each of said years are levied and collected, and when collected
such taxes shall be used solely and only for the purpose of paying
the principal of and interest on the bonds hereinabove described
when the same mature.
Section 4. That the President and the Clerk of the
Village of Mount rrospect be and they are hereby authorized and
directed to have said bonds hereinabove described, in the aggregate
amount of $145,000, printed and properly executed and delivered to
the. Village Treasurer, and said bonds shall be delivered by said
Village Treasurer to Harriman Ripley & Co., of the City of Chicago,
Illinois, the purchaser thereof, upon receipt of the purchase price
therefor, being not less than par plus accrued interest from the
date of said bonds up to and including the date of delivery. The
contract for the sale of said bonds heretofore entered into be and
the same is hereby in all respects ratified, approved and confirmed.
Section 5. That this resolution shall be in full force
and effect immediately upon its passage by the President and Board
of Trustees and its approval by the President.
Passed Novcnnac-re, 21 , 1946.
Vote, (Insert Names)
Ayes: HAR?WtC , 1 MoTT, WP AuD W eL_SH
A : LAM 5
Nays: ►J o ofc
Approved )40V i_ nn e;c r 2 t , 1946.
ii -5-