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Home My WebLink About0979_001-ojnjnj jeau eqj ul elep e I!Iun paijelep uaaq seq sigseo es%gql uo uoijoe 'JSUOI.1!19d eqj jo Isenbei eqj I)V 9nU9AV p!lon:q pue peon pueH jo jeujoo IseaqpON `C6-ns-zL vez Pue C6 -Z- I L VGZ *pjeoe ebell!A Gql 10 6UIj9ew qjq � qojeVy 941 le paluessid aq Ipm juawdol9A9C) I!UnPGuueld 9ql BU!Puawe pue Apedoid sit4l Buiuozei eoueuipio eqj jo Buipeei PUZ eqi (speo� uinbuo6lV pue Isinqwl:q) NJBd ejejodioo jejueo eNel 'Mn's-w vee Pue C6 -Z-09 VeZ v SS3Nisne cio *xi sluewluioddV .8 IP66 1 '9 LPJBVY - LZ Aienjqej N33M SS3Na38Vd38d OGVN801 :NOIJLVVYVIO08d v JL)J0d3W &MO"W IA v6n 'n Avvnijimi 'SNU33W vvino3w :jo s31nNIVY 3A0llddV "Al 63MM RURAJI 99prUJL "WPUGH PJRLRW GQPrul uojmo3ls 91984aln Depwi Uwowo:D ALROUq.L sewmi USPOH InOd OGPmi somq:) 9ruo9C) seprul. Aopvq Idpl&,, plaieg joAvW IWO 110H "ll 'IN 'd 07M:L V66 '1 40MOIN Aepsenl. :ew!j. pus ejec] 6upeavy ON1133W uvinomi SS3Nisne :io m3avo 133dSOUd INnow:10 3MIIA 99009 siouilli 'pedsOJd junoVy 4 leeilS uosiew:q t4lnoS 09 islueo joiusS pedsOJd junoVy JOOj.q js� 'WOOM 6ulleavy :uoileool 6uileeVy V6 -M OON uoilnlose8 IxON liv M313 39VIIIA xind3G CZ9V 'ON GOueul.PJO W8N C. Parking on the 200 block of North Louis Street This item will continue to be deferred pending the outcome of a neighborhood meeting. D. TBA 5 -CU -94, Sandhurst Shopping Center 1st reading of AN ORDINANCE AMENDING THE PLANNED UNIT DEVELOPMENT GOVERNING THE RANDHURST SHOPPING CENTER This Ordinance amends the Planned Unit Development governing Randhurst Shopping Center to allow a new building to be constructed in the sotAhwest comer of the shopping center. The Zoning Board of Appeals recommended granting this request by a vote of 6-0. (Exhibit A) X. NEW BUSINESS A. Changes in Village Board Protocol 1. 1st reading of AN ORDINANCE AMENDING ARTICLE 11 ENTITLED "RULES OF ORDER" OF CHAPTER 2 This Ordinance establishes a five minutes limitation on the time a member of the Board can speak on an issue. (Exhibit B) 2. 1st reading of AN ORDINANCE AMENDING ARTICLE 11 OF THE VILLAGE CODE OF MOUNT PROSPECT This Ordinance changes the order of business for items on the agenda for'regular meetings. (Exhibit C) B., A RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT BETWEEN THE VILLAGE OF MOUNT PROSPECT AND THE FOREST RIVER FIRE PROTECTION DISTRICT This Resolution authorizes the annual agreement with this Fire Protection District to provide emergency services of the Fire Department. (Exhibit D) C. I st reading of AN ORDINANCE AUTHORIZING THE ACQUISITION OF PROPERTY THROUGH CONDEMNATION OR OTHERWISE FOR THE DISTRICT NO. 1 TAX INCREMENT REDEVELOPMENT PLAN AND REDEVELOPMENT PROJECT This Ordinance authorizes the purchase of the property located at One South Emerson Street in conjunction with the TIF District (Exhibit E) Dw 1st reading of AN ORDINANCE APPROVING REAL ESTATE PURCHASE AGREEMENT FOR PROPERTY GENERALLY LOCATED AT ONE SOUTH EMERSON STREET (Exhibit F) X1. VILLAGE MANAGER'S REPORT A. 1st reading of AN ORDINANCE AUTHORIZING THE ISSUANCE OF $6,500,000 GENERAL OBLIGATION BONDS, SERIES 1994A AND $300,000 GENERAL OBLIGATION BONDS, SERIES 1994B, OF THE VILLAGE OF MOUNT PROSPECT (Exhibit G) B. 2nd reading of AN ORDINANCE AMENDING THE ANNUAL BUDGET FOR FISCAL YEAR 1993/94 (Exhibit H) C. Status Report X11. ANY OTHER BUSINESS Sille :sll!q jo Isil Bulmollol eqj 3AOHddV GAoidde 01 PGAOW 'uejoojoo eelsnjjL Aq popuooes 4:P9J90H GGISM. 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SIIIS :10 IVA0NddV UBJOOJOO :Ss8d 9UON :sABN SMHAA 'UOJMOMS 'PS190H 'SXOPPUeH 'SGMOIO :saAv :Ileo noi uodn ,IP66I. 'I Ajenjqe4 ple14 seelsnjjL S3.LnNIV4 jo Pjeoepus joAeVy et4l jo Buileew jolnBei st4l jo solnup e14l 3AMJddV GAoidde of PeAOW 's)IIM eelsnij. Aq popuooes ':PGIGOH eelsnjjL s31nNIW :10 IVAOIlddV NOLLV30ANI 'S)PPPUOH eelsni.L Aq UGAIB SBM U04800AUI 0141 NOUVDOANI SNHAA BUBAJI 991sni i uojmoNS aleeLpIVy 991sni i :P9100H Ined 981snJ.L SMOPPu9H PJeLP.IN GOISMI uejoojoo At4owLL esisni.L semolo eBjoeE) eelsni.L Aepej pleje!D joAeVy :Ileo ljoi uodn lu9ssJd I'llvo 11 ON *VY*d OC:L 18 J9PJ0 of Bugeow et4l palleo Aep94 joAeVy �00110 01 IIV3 ii3awo oi nvo v6s I '9 � kwvnme3:i 103dSOUd 1Nnow:10 30VIIIA 3H1 :10 S331snui:jo aNyos aNV IJOAVW 3HI :10 DN1133WwvinD3V 3HI:io s31nNIW 91 FINANCIAL REPORT FINANCIAL REPORT Trustee Hoefert, seconded by Trustee Corcoran, moved to accept the financial report for the period January 1, 1994 through January 31, 1994, subject to audit. Upon roll call: Ayes: Clowes, ,Corcoran, Hendricks, Hoefert, Skowron, Wilks Nays: None I MAYOR'S REPORT AMEND CH. 13 An Ordinance was presented for second reading that would amend EAST SIDE MARIOS: Chapter 13 by creating a Class "S" liquor license for a new RANDHURST restaurant that will occupy the new ' building to be located in the southwest comer of the Randhurst Shopping Center. ORD.NO. 4619 Trustee Wilks, seconded by Trustee Corcoran, moved for passage of Ordinance No. 4619 AN ORDINANCE AMENDING CHAPTER 13 OF THE VILLAGE CODE Jpon roll call: Ayes: Clowes, Corcoran, Hoefert, Skowron, Wilks Nays: Hendricks I APPOINTMENTS There were no appointments. COMMUNICATIONS AND PETITIONS - CITIZENS TO BE HEARD ROUTE 83 George Risler, Sr., 1 East Milburn, expressed opposition to the IMPROVEMENT Illinois Department of Transportation (IDOT) proposal to Improve Route 83 (Elmhurst Road) between Golf and Northwest Highway, which proposal includes a portion of that roadway to have a middle tum lane. Mr. Risler also asked the position to be taken by the Village Board. Mayor Farley stated that IDOT will be conducting a public meeting on this subject on March 9th at which time all the facts would be known. The Village Board will express their opinions at a Committee of the Whole meeting following the IDOT meeting. TRUSTEE COMMENTS SWANCC Trustee Hendricks stated that he would like all elected officials of communities that are members of SWANCC to be allowed to attend Executive Sessions of SWANCC. He also asked for copies of the minutes of SWANCC Executive Sessions. Trustee Clowes stated that Prospect High School will sponsor a 3 on 3 basketball tournament for 7th and 8th grade students. Trustee Clowes also stated that highly recommends seeing the play being presented at RecPlex. Page 2 - February 15, 1994 V66 'q I Ajenjq9A - C 96Bd *Peljjeo Uollovy S)IOIJPu8H :sABN SXHAA UOJMOXS V9190H 'UeJOOJOO 'samolo :seAV .#Ileo ljoi uodn -90UeUI.PJ0 Ue 10 s6ulpeaj oml Bupinbej elm 941 GAIeM 01 PGAOW 'sXI!AA aelsnjjL Aq papuooes 'uejoojoC) 991snij. -Apedoid sit4l of JU9WGAoidwi et4l jol Aiesseoeu seluow 9t4l J01 SAUP BUISIBJ pUnj 8 Bugonpum sem A49poS IBOUOISIH 91411841 P81 at4l of anp sieeA ;o eldnoo Isel 941 jol pejuej6 ueeq GABq SUOISU91XID Je4j peloU SeM 11 -jeeA jewippe euo jol 'joeilS eldeVy t4lnoS I 0L 'Buippe 31dVA 'S Wt wnesnVy leOU01SIH 9t4l 01 PGjUeJ6 SUOIJeUeA St41 01 UOISUBIXG Ue "IVOINOISIH 1uej6 p1nom jew BUI.Peei isig jol poluessid sem eoueuipio uV -js� L40jeyy UO BUIRGOW lieu 9141 Is BU!PLPGJ Isig jol poluessid eq Ipm eouguipio uV 91:1111 EH97 GUON :sAgN SMIIAA 'UOJMO)IS V9190H 'S)PPPU9H 'UBJCMJOO 'SOM010 :seAV :Ileo ljoi uodn -(esn ieuo.q!puoo 9 se umouN) )'uewdol9Aea i.lunPOUUBld OLD 01 IUGWPUOW'B 0141 IUBJB Pus slooddv jo pjeoe Bu!uoZ ot4l jo uopeopuewwooei Gt4l t4l!m jrouoo 01 POAOW 'uojmo)IS 991sru i Aq peopuooes 's)IIM 991sru i -juejnMeN s,oueyy 9P!S IS83 at4l es=4 ll!m Pus Buippnq loot ejenbs 00019 e eq ll!m Bu!pllnq posodoid et4) let4l pajou sem 11 'O-910 910A 9 Aq Isenbei w4l BuiluejB pepuawwooei sleaddV jo pjeo3 BuiuoZ at4.L *jalueo 6uiddot4s 831N30 atg jo jewoo Isom4lnos eig ui poprulsuoo eq of Buippnq mou E)NlddOHS a molls 61 jejugo 6uiddo4S IsintipueN 6UILUGA06juewd0jOA9a isunH(3NVN ;iunPOuuBld 941 of juewpuewe us Bullsenbei S! JOU0111.49d Gt4l v6 -no -9 vez jejuso Buiddo48 IsinLipueN jr6-no-9 vez SSM' sneNell 'UOIIBJGP!SUOO J01 PJ808 9681HA et4l 01 meq lt4Bnojq eq Ipm Bupew jeLo jo sllnsei 9141 Pus poinpoLps *is sinoi 'N OOZ Sl Bulleew poo4joqt46IOU 8 jet4l Pelou Sem 11 *peuelep Sem :E)NI)INVd joeilS spol LWou jo )polq OOZ et4l uo Buived io pefqns 941. AHLNnOO AN0100 -ein;nj joeu ONVHONO 010 eqj ui Oulleew e Igun poijolop sem seseo aset4l uo uolssnosiCl C6-nS-ZL V13Z enueAV p!pn3 Pus T MZ- �L V13Z P808 PUB? 10 JOLUOD IS894PON `C6-nS-ZL V8Z PUB MZ-�L V13Z -)S � Lpievy UO 3NOIS 13ONVI Bugeew w4l Igun Pe ejap sem seseo eseqj uo uoissnosm mns-w vez speo;j uinbuoBIV Pus 1sjnt4wl3 ')PBd T Mz-OB vez )PBd alejodjoo jolueo eNewl s -ns- w vez Pus c6 -z-08 vez SSMisma cno ORD.NO. 4620 Trustee Corcoran, seconded by Trustee Wilks, moved for passage of Ordinance No. 4620 AN ORDINANCE AMENDING ORDINANCE NO. 4521 BY EXTENDING THE EFFECTIVE DATE FOR THE VARIATIONS GRANTED TO THE HISTORICAL MUSEUM AT 101 SOUTH MAPLE STREET FOR ONE ADDITIONAL YEAR ipon roll call: Ayes: Clowes, Corcoran, Hendricks, Hoefert, Skowron, Wilks Nays:, None Motion carried. AMEND CH.5:' An Ordinance was presented for first reading that would amend Article V ZONING BOARD entitled Zoning Board of Appeals of Chapter 5 of the Village Code to include OF APPEALS the regulations governing the actions of the Zoning Board of Appeals. It was noted that when Chapter 14 (Zoning Ordinance) was amended last year the provisions governing the Zoning Board of Appeals were removed from that Chapter with the intent of placing the regulations in Article V of Chapter 5 (Boards and Commissions) of the Village Code. Trustee Wilks, seconded by Trustee Hoefert, moved to waive the rule requiring two readings of an Ordinance. Upon roll call: Ayes: Corcoran, Hoefert, Skowron, Wilks Nays: Clowes, Hendricks R D. N 0. 4621 Trustee Wilks, seconded by Trustee Hoefert, moved for passage of Ordinance No. 4621 AN ORDINANCE AMENDING ARTICLE V OF CHAPTER 5 OF THE VILLAGE CODE Upon roll call: Ayes: Clowes, Corcoran, Hendricks, Hoef- . . Wilks Nays: None Motion carried. VILLAGE MANAGEROS REPORT DECLARE Village Manager Michael Janonis informed the Board members that the Fire SALVAGE Department Command vehicle (a Chevrolet Suburban) was recently involved FIRE DEPT in an accident, when the driver of the other vehicle did not yield to an VEHICLE emergency vehicle. Mr. Janonis stated that inasmuch as the Public Works Department was scheduled to replace a Suburban in their fleet, the Fire Department could utilize that vehicle, making necessary modifications in house, and declare the vehicle involved in the accident as salvage, since had been declared a total loss. Trustee Skowron, seconded by Trustee Corcoran, moved to concur with the recommendation of the administration and declare the damaged Fire Page 4 - February 15, 1994 *Sp!qeAjed ITC90'9�$ 10 IS03 B 18 1910JAW40 S91!Vy Aq PGP!Aoid SBM S9P!49A J01 P!q 8181S 94118141 p9JOU SBM 11 14P88 LS*V60'93 UOSOI:P3-!ZZ0190 junowV j9PP!8 :juewpedeo eiij 9t4j JO; SeP!t49A ,484S (Z) 0*4 jo empind 9141 J01 PeA1908J sem p!q Bu!mojjqj 9141L -powao U0!j0vy OUON :sABN SAH AA 'UOJmO)iS V919011 'SMOPPUGH 'U8J00J00 '99M010 :seAV :1190 ljoi uodn *00*6K'Ll,$ P990X9 01 IOU ISOD 8 Is PJ0:j JGAIN POOM WOJJ 0 eoud piq GIBIS 9y11s 9P!14eA PUBWWOO USA pioq e jo eseLpind CINOJ qLa ezPotane pus uolle.4siulwpe 9141 jo uopgpugwwcosj sq, ql!m 83AIN cloom inoum of peAow 'somolo 9919rujL Aq popuooes 'uojmoNS eelsnjj_ "IS00 Isemol 941 eq pinom eoud p!q ejejS etp pojqo!pui slinsej pjq eLp 'JSAOM014 'jeleep olne'ue wo4 eq pinom soud etg 1914m eas of j9pio ui pjq jol Ino juem jumpedea ejl:j e144 Is41 P ejels olleAeo je!qo *00w6K'Ll,S eq pinom 9P!t49A 9141 J01 Isoo eta pus eoud piq 9!ouilli jo eliqS etp jol jopp!q Injssawns 941 SI PJ0:j JGAIN POOM 10 PJ0:l J9AIN POOM 48tij PSIOU SBM 11 0 0 junow-- jop—Ple :Iuew:pedea exj 94j .sol (ueA ezis 11%) 9PI149A PUBWwoo euo ;o eseLpind 941 jol sllnsei pjq Bulmollol eLp pejueseid swouer joBouevy GBOIHA -pewm u0govy GUON :sAON SNILAA 'UOJMONS ':PG;90H 'S)PPPUGH 'UBJ0DJ00 'SGM0I3 :seAv .,Ileo Iloi uodn 'ep!t4GA Puewwoo 9141 se pesn eq of juempecleci eii.1 914; of ueqjnqnS jelomot4o iiet4l jejsue.4 of juewpeclea S)pqM oilqnd otp ezpoLans pus GBBAJOS SO (609) GPI(49A zueuivede(i "SUO.Pow.00ds 19ew jou pla,, CV099'61, ;910JA9143 SUPISOH *8L*6L0'9 1, 8UIBU3 loggia .` � 1910JA940 ;074131 onge'Li, eBPOO AellBA ;s9mLWON 09*9c9,0z 9ul.Bu3 i9sel.a 09*0Z6'9 1, PJO:j JGPGWLPS 00196'L 1, Pj0J PIGWOOM junow-- jop—Ple :Iuew:pedea exj 94j .sol (ueA ezis 11%) 9PI149A PUBWwoo euo ;o eseLpind 941 jol sllnsei pjq Bulmollol eLp pejueseid swouer joBouevy GBOIHA -pewm u0govy GUON :sAON SNILAA 'UOJMONS ':PG;90H 'S)PPPUGH 'UBJ0DJ00 'SGM0I3 :seAv .,Ileo Iloi uodn 'ep!t4GA Puewwoo 9141 se pesn eq of juempecleci eii.1 914; of ueqjnqnS jelomot4o iiet4l jejsue.4 of juewpeclea S)pqM oilqnd otp ezpoLans pus GBBAJOS SO (609) GPI(49A zueuivede(i Trustee Corcoran, seconded by Trustee Wilks, moved to concur with the recommendation of the administration and, authorize the purchase of two Chevrolet staff vehicles for the Fire Department from Celozzi-Ettleson at a cost of $15,094.37 per vehicle. Upon roll call: Ayes: Skowron, Wilks Nays: Clowes, Corcoran, Hendricks, Hoefert, Motion failed. Those Trusta-P.s voting against the motion stated that they felt the vehicles prop.-- Sed to be replaced still had some useful life left and did not need " be replaced. UTILITY SERVICE BODY The following I I 'rds were received for the purchase of a utility service body and MOL. iting it on a vehicle owned by the Village: Bi OU• Diversified Fleet Services $5l945.07 Mid America Truck & Equipment $ 6,268-00 Sauber Mfg. Company $7,622.00 DIVERSIFIED FLEET Trustee Corcoran, seconded by Trustee Skowron, moved to concur SERVICES with the recommendation of the administration and accept the low bid submitted by Diversified Fleet Service for one utility service body at a cost not to exceed $5,945.07 including trade-in. Upon roll call: Ayes: Clowes, Corcoran, Hendricks, Hoefert, Skowron, Wilks Nays: None Motion carried. PUBLIC WORKS The following bids were received to rent and clean the Public Works DEPT. UNIFORM uniforms: RENTAL/CLEANING Amount Bidder CottonOlM, Rgsistat , I Unitog (5 changes) $6.20 $10.50 (6 changes) $7.09 $12.10 American Industrial (5 changes) $5.45 $10.30 (6 changes) $6.54 $12.36 Cintas (5 changes) $5.90 $6.25 (6 changes) $6.99 $7.30 CINTAS Trustee Clowes, seconded by Trustee Skowron, moved to concur with, the recommendation of the administration and accept the low qualified bid submitted by Cintas for the rental and cleaning of certain Public Works Department uniforms and enter into a 3 year contract at a cost not to exceed $13,629.20 per year. Upon roll call-, Ayes: Clowes, Corcoran, Hendricks, Hoefert, Skowron, Wilks Nays: None Page 6 - February 15, 1994 V66 � 'q I Aienjqaj - L 968d V913 GBBIHA SPIS14 'V j0JBo *'IN*d OV:6 Is Bugeew at4l pewnorpe Aepej joAeVy NNnorav iNMNunorav *96/tr66 � joi ieBpnq posodojdGt4l 01 GAI)BIGJ suoilsenb pagpeds ui 11m of sjueppei polsojejui jol elqelleA B eq Illm ouil ;auot4d V TYd 00:9 Is BuiuulBeq 'ZZ pue 9 LpieVy 'ZZ Ajenjqe:j uo plgt4 eq Ipm s5upoeq 196pnq eLg ;eq; euoAjGAGpepulwei sluouer -ivy doljm�� SUON :9ASN SXHAA 'UOJMO)IS ':P9;9OH `SNOPPOOH 'UBJODJOO 'SOMOIC) :seAV :1190 Iloi uodn ZZ917 'ON Goueulpio jo eBessed ZZ91? 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HIP., stat"P-d that Fast '7 side Marlos rpstfiiirant will hav,e a stroot fi�eltng 'ttle Italy" New York. Mr. T��,,omE�s-cjn re�erenr-ed, -,,j diagram sh,awing that. tprp wi i be an niitsi de eat i, ng a rpA� �As w P. 1, 1, Mr. Thomtsson i q -1--i t h P F r. --t n r h- 1 s e e n I I no is a n d f nd, J.,I na f ar, Mrs S pence (- e The Franchis-or is Peilr Co. Mr. Thqm,snn, t ha, t t�, h i 51 restaurant is thppil`i first East Side i,n the, Chicago Ars. ,"ham next East Sidr-- Mario's will hr- near Minnpapolis, Minnesota. Tn response to Ch,atrman Basnik's qii1est,inn -roeggarding prires, Mr. Thornpson stated th'o, ►prices a .,v-Pr,-igr- $14.00-$9.507 for a Tnea I . Mr. L r'Ph,cimps-on stated t,he operatin:g hotirs to be, Mond,:iy through Friday 11 -m) to 114-00 p.m. o,r 12:00 a,m. Satiar,day 11:00 A.M. untii, 1:00 Chairman Basnik raised cooncerns with a bar in the restuarant if the bar would stay c)pr-n past mea.1s. Mr. Thompson said it would not stay open beyond normaL operating hon rs. chairman BA-snik asked what analysi-s; was done in Chrosing this part-Irnlar site-om, Mr. Thompson stated they looked at demographics. Mr. Thompson feels this is a good restatirant that people will (-nme A. to one --e they know about it. Ms. [,uxem rte lsed concerns regarding the new, Illinois Department of Transportation proposal concernini the intersection by the proposed restaurant. The beard generally iscussed t,,hp possible changes by TOOT {-inet the impact, if any, to the proposed rest.aurant . stlys cxa destination Mr. Thompson stated that East fide ima ,.e Marios rr,si-aurant,o,t a' dri ve, by !if,:,3ta,ura,n'f a,nro d the pposed pons 'ble changes at that vnte,rseotion wi,,Ll n,, -),f affect the rp.,.-4taurant. Mr. Rielley stated that the sillcol,"011,541�;'i of the, rest aiira:nt 'will be Rouse- Randhurst. The Board generally discussed the location and the previoi.is restaiii-ants in that area. Mr. Ri "- elley feels that once, people learn of East Side Maria's Restaurant, thfz,,y will frequent the eating establishment. Ms. Luxem asked, how long East .9.ldp has been arotinda Mr. Thom son stated, East Side MArio',s has ex��istpd fo:�r 7 yoar,,s and there are Y5 restaurants in Canada. Mr. Thrimpson further st'ated fhat he has been in the restaurant bias i ness-, 23, years �*Andl that as Sidp Mar icy' s will have an olive Gaeden rienu with a TGT Friday's atmosphere. There will he 217 seats not including patio. p;aAojddu �jquzooa.,i spm s,olipw apTs qsvg qvqq peqpqs NTUSPS UPWJIPqD *6,uT,snoq BuijoqqBT9U 0-4 qopdwT �PAlqp6au .yup jo 4ou pup Injssaoons jT irDUTPTTnq BUTPUPqS aaJj ajow Pu'J Apw am `4.4 P'R-4'Pqs A;RUOQD --TW -sf:)uiPTTnq 6uiPuP4s GE419 iiijaw 4z)adxa up:) am jT pa3fsie NTusleg upU'lJT?qZ) -UOTqP6TqSaAUT Japun si qT pup saBupqo pasodoad qqq jo aaume si asnoH 4P4-4 P-'4'eqs Uosuqof -SW • sa6ueqo qqqaqs Pasodoid oq SpaPBaa UT 100I UOTqTqad TTT,m asnoa jT uosuqof -sw paNse waxnq -sW -qsanqpupH jo SUOT4PAado [z egad JO Ja5PUPW SU sTuoddv jo p.Aeoig BuiuoZ aq-. 0-4 JTas-laq -paz)npoi-4uT uosuiqof uaiPM -sW E OBUd Vb-OD-�-VBZ ZBA-5-cu-94 Page 4 by the Vil Inge Board, for a license. Chairman Basnik also 'inquired about the dress code for the restaurant employees. Mr. Thompson rep°. ed that here w,ilt be waiters and waitrp—sses that wild wear a pamper type shirt with, Jeans and an apron. The bartenders l we , a dark ba's ebal l type� of shirt. Mr. Thompson further sated that the restaurant wiIJ l so have a. small boutique which will Nell various items such as coffee curs, t---shirts, golf bags, etc. There is also a possibility of a guitar player in,the 1 otinge . Mr. ca;ssidy then, muoved fhat t,he Zoning Boar f Appeals a �� r ove n amendment to PUS) � rdin ncie Ngo. .. �ebruar 4, �� ado .ed on to allow the approved 5,000 square foot Vulture r'e'staura t. to be expanded to apnr�oximately 6, 924. 's+quare feet: as shown in petitioners exhibit 1. The motion was seconded. by Ms. Luxem. ,. Upon roll call-, AYES: Basnik, Bret"t ra.ger, Cassidy, F loros , Luxem DAYS: None The motion was approved by a. vote of 5r-0. Before adjournment., Chairman Basnik announced the resignation of Richard Pratt effective immediately. es`eot;fl � s; riled., UJ i e Ants Bouris Secretary V/X :3-9VU3AOJ% V/N Wis 101 CUI,j v8 qj!m guiddoqS f4!unwtuoj C-9 :oNalloz :xoujm3S3G)uH3(IoH,a mw&,;m mim [�i 15 fo (LSHAHaNVIL) GVOH JLSUfIHIV13 HJLHON 666 ANVJWOJ ISHfIHaNWH-3SfIOH t6-fIJ-S-Vff7 MI "LZ AIfVaNVf 113NNNIJ 63]ELLASHOA'od AVU NVWWVIED IININSVR W) swiv3dav 640 Cl2IV09 DMNOZ 133aso2Ia JxaoIq SIOU!I[I 'padsoij junoW ixamuva3a 9.I�INsmj 133dSONd INfIOW 30 39VIrIIA 0 "dVIN Nouvaol :ssaaaav :JLKVDIFIdav ON asva :uva :Noun Iwo . ..... . .. ... - omrr ow T!P mim [�i 15 fo (LSHAHaNVIL) GVOH JLSUfIHIV13 HJLHON 666 ANVJWOJ ISHfIHaNWH-3SfIOH t6-fIJ-S-Vff7 MI "LZ AIfVaNVf 113NNNIJ 63]ELLASHOA'od AVU NVWWVIED IININSVR W) swiv3dav 640 Cl2IV09 DMNOZ 133aso2Ia JxaoIq SIOU!I[I 'padsoij junoW ixamuva3a 9.I�INsmj 133dSONd INfIOW 30 39VIrIIA 0 "dVIN Nouvaol :ssaaaav :JLKVDIFIdav ON asva :uva :Noun 2 Gil Basnik, Chairman Page Mount Prospect Zoning Board of Appeals The applicant is seeking an amendment to PUD Ordinance No. 3604 as adopted on February 4, 1986 to allow the approved 5,000 square foot future restaurant to be expanded to approximately 6,924 square feet. T . . . . . ......... . . . . Summary of Application: The petitioners have submitted an application, site plan, landscape plan, elevations, floor plan as well as the approved site plan for the entire Randhurst Shopping Center. The application indicates that the change requested is minor in relation to the entire Planned Unit Development (PUD) and will cause little impact. Impact on Surrounding Properties: The petitioners are seeking a change to the approved PUD for Randhurst Shopping Center. The original site plan which was approved in 1986 indicates a 5,00.0 square foot future restaurant to be located between the Bell Federal Savings and the water tower along Kensington Road. The original plan indicates the restaurant with a setback of approximately 73 feet. The petitioners have designed the site plan with a 50.4 -foot setback for the building and a 32.51 setback for the parking lot. Also indicated on the plan are 87 parking spaces. Staff would note that a restaurant is a permitted use in the B-3 zoning classification. Because there is a specific user designated for the restaurant, the elevations and floor plans are provided. Following is an analysis of the site plan as presented. The site plan consists of a building with approximately 6,924 square feet, a 15' X 60' outside patio, and a parking lot for 87 vehicles. Because of the increase in building size the building footprint has been increased which results in a setback of 50.4 feet. Staff is not concerned with the reduced setback because additional parking is provided on site and the proposed building setback exceeds the minimum B-3 setback by 20 feet. Other buildings along Kensington, Elmhurst and Euclid range from 15 feet (recently approved Jewel/Osco) to 90 feet (Bell Federal) with 50 feet being an approximate average building setback. Also noted is that the right-of-way along Kensington shifts due to turning lanes near Rand Road. Parking - Because the property is located within the Randhurst Shopping Center, parking is calculated at 4 spaces per 1,000 square feet which requires a minimum parking lot with only Wwr 28 spaces. The petitioner has provided 87 spaces which staff feels is necessary to meet the demands of a sit-down restaurant. Staff would note that a stand-alone sit-down restaurant would require 104 spaces (1/3 seats plus I per employee). It has been indicated that the restaurant will seat 222 and there will be a maximum of 30 employees per shift. Because of the proximity to Randhurst parking, overflow and employee parking will be available. Staff would request that the handicap parking be moved closer to the front entrance. 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'ue!p!jevy led.10u.lid PJ!t4.L Gt4l 10 Ise3 96UBN 141JON Zjr diqsumojL 'LZ UOI.PSS 10 V/ 1 Iseeqlnos sqj loped jo UOISIAlpqns e Buisq 'x9jueo IsinqpueN ui G 10-110 UOISIAipqnsai a Bulaq *ON UOISIA!PqnseN islueo Isinqpu9�1 ui C pue Z 11 S10-1 :smollol se paqposep AlleBgl pue (A:pedOJd pefqnS 9t4j se of paijejej je:Ueui;ajeq) jejueo 6uiddot4S Isinqpu8d se umoum Aluowwoo Aliedoid of pedsai t4j!m juawdOl9A9C] i!unPGUUBld e jo ainjeu eqj ui esn letoadS e Buizuoqlne soueuipio ue Buieq `frog e;a 'ON GOUBUI.PJO PU we ol uoillIed e Pal!j 0 seq 09UO1149d se ol p9jj9j9jj9:4eui9j9q)j9ju90 6uiddoqS jsjnqpueN-9snoN'SV3N3HM wall V 1=rl 1: FA wLa %,W 'ON 30NVNIG80 176/IVZ/Z /JVO Randhurst ZBA 5 -CU -94 its passage, approval and publication in pamphlet form in the manner provided by law., AYES: NAYS: ABSENT: PASSED and APPROVED this day of 19O*w-rA e Gerald L. Farley Village President ATTEST: Carol A. 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F 4li c A. It is understood that the District shall levy taxes at the maximum rate authorized by statute without referendum, which shall not be less than .30% of the value of all taxable property within the District, and shall apply for and make all efforts to receive any available state and/or federal aid to fire protection districts as is now available or may be available during the term hereof.,, B. The District will retain the sum of $2,500.00 to handle any contingency or emergency matters that may develop during the year. All other monies shall be paid to the Village as follows: on January 15, April 15, July 15 and October 15,, 1994, all monies over and above the aforementioned $2,500.00 contingency fund shall be paid to the Village. C. In addition, the District shall provide the Village with the following: (i) A copy of the schedule of meetings of the District for the year 1993, to be furnished upon execution of this Agreement. (ii) A certified copy of the Tax Levy ordinance adopted by the District for the fiscal year 1993-94, to be furnished upon execution of this Agreement. (iii) A copy of the District's audited financial statement for the period ending June 30, 1994, to be furnished within thirty (30) days after receipt by the District. (iv) A copy of the Minutes of each District meeting, to be furnished within (30) days after each meeting, when requested by the Village* (v) The District shall provide the Village with copies of its quarterly receipts and d1sbursementsj, for informational purposes only,, it being fully understood by the parties that the Village has no right of pre -approval regarding said disbursements* :M —c - 950x9 sTouTjjj 14oadsoad 4unow 499a�4g-uosaama q4noS OOT 5128TO 9bRTTTA :;0 UOT4U944V Oq4 0 04 9MRS bUTSS8JppP Aq 9beTTTA 944 04 (UT9a9q4 P9UTR4UOO UOT4dTaOS9P 0 0 a 6 0 TeftT Bq4 q4TM) ODT:40U go Adoo 4OTa4STU 0 PTvs le Pa'emaOJ TTvqs 0 0 aq4 '(o4aaaq I 4TqTtrxa pTes aq4 uodn abuvao UT UAOqS Se) 4OTa4STP S4T UTxl4Tm AaO4Ta294 Pug PURI go A4TIPdTOTunm Aue Aq UOT4PX9UUe 10 a 0 a JO BOT40U go JdT908.1 go SAPP (L.) 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F -M PIN w 1) *14 T VILLAGE OF MOUNT PROSPECT VILLAGE CLERK DATED THIS_� DAY OF 19 -4- P%^ I/S G %.f%AFj 'aw loeluoo aseeld 'suoqs9nb AueOABq not 11 .6U11919W PJeOG 86811!A PP661, 'L LPJBVY 941 le U01jejapsuoo PJ808 96ell!A J01 PO)JeJP ueaq seq Apecloid eqj jo eseLpind 941 6UIAoidde eau'eupo Uv '10owed sit4j jo aseLpind eqj ol jolidalclepeAe IOU ejam Lpilqm, suo,ild'o juawdoleAgpeJ lelo'JaWtuto alpletA, awos dn suado slaoied aajjo ams q'ejol'sia4l 100io,gz 10 ssaoxie U!, S1, 068400) Gjanbs jejol e,q,.L '101, Bulo I XJVd 06IZ01140 *Isj!!-A 941 ol peo�j leiluec) w0ij Uosjqw3 10 apis isee eqj uo Apecloid 9t4l Ile slOJ1uO0 mOu 96811!A 941 'Aliaidoid sit4l jo ;93seLpind 9141 4HAA *spun, Jli wojawoo of eje Apecloid s1qj jo aseLpind jol spunj aqjL Aliedoid eqj 6uilles, japi'swo p1nom Aalq,; ajopqq enIBA POSleidde eqj ;seal le 6ulpuewap We SJ9um0 8,41 W4,j pejou aq p1not4s III *000'0Ll,$ sem anIBA pesmidde qqj. -000,09 3 Lpi 10 Jago, asend a6ell!A 941 01 P09J6e 9Aeq uOsJ8w3 t4jnoS * euo jo sjeuAt\o qqi NOS83VY3 HinOS 3NO 40 3SVHoHnd :103rens 1V66 1, 't?z AHvn883J :31VC1 H30VNVYY 300 IIIA 3HI 01 INVISISSV MONZI w n(INVIlOW3W 331-:130113M fvo� 14, stouilll 'i:)2dsOJd iunoW 410, :toadSoid :tunoLoj,4o 86efHA m Aliedoid t4oiqm',,ApedOJd 109fqnS,, se of paijejej aq joUeuiejaq lleqs A:pedoid leas pies slouilll 'padsOJd junoVy '199AS UOSJ9w3 t4lnoS auO se umouN Aluowwoo siouilli 'Alunoo M000 'ueip!jeVy jedtou!Jd-PJlLII ;0 lse3 '1,� 86uedl UPON �jr dit4sumojL 'ZI, U01.10198 ;0 (Z/L) AeH Isam eqj ui loadsOJd junoVy Ul UOISIAipqnseN s,911M 19 assns Ul (9) 9AIJ )POIE3 Ul '(zz) omi-Aluemi lol :se peq!nsep A119691 Aliedoid lees eql jo uoissessod PUB of ell!j eldwisee; e aiinboe G6ell!A;9t4j jet4l elqejisep PUB AJeSS90GU sl 1! veld juawdolgAGPON pue joefoid juewdopA9P9dl JU9W9J0UI xei popuawV at4l of luensind jet4l paupialep Aqejeq si j! 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NVId IN311YdO713A3038 GNY ioaroNd IN3lNdOl3A3(1'3N, lN3VY3N0NII XVJL, (33GN3VYV 3HI 800 3SIM83HIO NO NOIIVNVY3C]NOO HonONHI .AUNEIdONd 40 NOuisinoovEIHI ONIZINOI-Ii nV 30NVNICINO NV *ON 30NVNIGN4 lr6/Z7/Z jeo/ Acquisition - TIF One South Emerson Street Page 2 of 2 is within the foregoing Amended Tax Increment Redevelopment Project Area, as amended, and is necessary, required and needed to achieve the objectives of the foregoing Amended Tax Increment Redevelopment Project and Redevelopment Plan and which property lies wholly within the limits of the Village of Mount Prospect. SECTION THREE: That this Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of 9O'W-WA . Gerald L. Farley Village President ATTEST: Carol A. 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Butpunj eqj pue uoiioeS si141 Aq p;azijot4ine spuoq atAl jo eouenssi jo slsoo jo juawAed 9141 jol paiinbei slunowe 10 GAisnjoui aie suoileijdoidde peS m000,000,g$ jo wns a141 peleijdoidde Aq;qj9Lj S, gie141 aoueuipio s1141 jo L uotjoeS ui paq!jos;ap SIU;9W9Aoidwl iggaS eqi 10 lsoo polewilse aqj jo lied isaw o.L •000'009' L$ jo wns eqj poleudoidde Aqajgq sl 9j9141 leoueuipio si141 10 L uoijoeS ui paq!josep 13G.fOJd IOJIuOO POOIJ 9141 jo 1soo paiewas ;at4l jo lied leew of -spuog V sapaS jo smiel pue uoijezpot4jnV -Z uoq39S -siouiIII Iloodsoj,4 junoIN 10 GBeIIA aql Aq ue)ieljapun jo apew aq ol pazijo4ine . o `%Pff Aqeje14t43eeeiesesodindioSlU9W8AoidwiBuioB;ajola14.L -(,,Sl0Gf.OJdju9wdOj8Aqpq8,. eqj) e9iV 109,10M juawdoI9ABP98 JU9W8J3Uj xe i I, PON 13I.Jlsl.0 s,9BeII!A x14110 0{3019 911!M/Ould} E) e9iV laBie.L uiqi!m SIUSWOAoidwi oilqnd pue sBuipl!nq jo uoiillowep aql (!!!) pue 000,00019$ jo isoo pajewim ue le (,,SIUGWOAoidwl lawls aql) peoU ueweuui-I 10 IUGWOAoidwi 9141 Buipnjoui 9BeII!A at4l ui slaoils jo tioilonilstio0ai 914 :000,009, L $ �o isoo palewase ue le I9BejI!A ;qqj jo joulsi(] i9Ae141/UOSU9A9IS 9141 UI SIUOWOAoidwi jamas jelemwjois pue joauoo pooh jo Builsisuoo (,,109.[OJd IOJIuO:) pool3,, 9141 pg1jeo uiaja14) toe fold 1OiluO0 POOII s,,9BeIIIA 9141 jo ase14d 141inol a141 Buioueuil jo asodind 9141 JOI OLP6 L jo uoilnl!lsuo:) siouiIII aqi jo IIA CIIOI.IJV 10 9 UOI.1:09S oi itiensind peidope sl aoueuipio s114.L -9sodind pue Al!jot4lnV • L IJ01,138S :SMOIIOJ SV 'SIONIIII '103dSO)3d INnon:10 3E)VIIIA 3H1 JO S331sn8i. jo C18VOS GNV IN30IS3Hd 3H.I. AB 03NIVC]HO 11 38 SIONIIII '103dSOUd INnov4 dO 3E)VIIIA 3H.I. dO '13V66L S3183S 'SCINOB NOIIVDIIGO IVH3N3E) 000'OOS$ (INV VV66L S3183S 'S(IN013 NOIIVE)1190 IVH3N3E) 000'009'9$ :10 30NvnssI3H1. 0NIZ18OHinv30NVNIG8O 'ON 33NVNIC380 a For the purpose of financing said appropriations, general obligation bonds of the Village shall be issued and sold in an aggregate principal amount of $6,500,000 and shall be designated "General obligation Bonds, Series 1994A" (the "Series A Bonds"). The Series A Bonds shall be issuable in the denominations of $5,000 or any integral multiple thereof and may bear such identifying numbers or letters as shall be useful to facilitate the registration, transfer and exchange of Series A Bonds. Unless otherwise determined in the order to authenticate the Series A Bonds, each Series A Bond delivered upon the original issuance of the Series A Bonds shall be dated as of March 15, 1994. Each Series A Bond thereafter issued upon any transfer or exchange of Series A Bonds shall be dated so that no gain or loss of interest shall result from such transfer or exchange. The Series A Bonds shall mature on December 1 in each year shown in the following table in the respective principal amount set forth opposite each such year and the Series A Bonds maturing in each such year shall bear interest at the respective rate per annurn set forth opposite such year: Principal Interest Principal Interest Year Amount Rate_ Year Amount Rate 1995 $555,000 . % 2000 $650,000 % "1� Q9Q96 570,000 2001 675,000 997 585,000 2002 700,000 1998 610,000 2003 750,000 1999 630,000 2004 775,000 Each Series A Bond shall bear interest from its date, computed on the basis of a 360 day year consisting of twelve 30 day months and payable in lawful money of the United States of America on December 1, 1994 and semiannually thereafter on each June 1 and December 1 at the rates per annum herein determined. The principal of the Series A Bonds shall be payable in lawful money of the United States of IN -6 - of spuog V sapaS eqj aq Iletis poweepai aq off. spuog V sapaS aqj_ -paweepaj aq of spuog V sepaS flans jo junowe ledic)uijd eqj jenbe lleqs ljeqwnu qoeE) jol 00019$ le se sjeqwnu Auew se pauBisse os sjgqwnu eqj woij jol Aq joeles IleLis pue puoJ3 V sapaS qons p junowe lediouijd 00019t qoeo jol jeqwnu GAIJOUilsip e Aipnjew vans jo puoq V SaijeS peo of u6isse lleqs jejisiftj puoq eqj pue joei94j eldillnw lei6alul ue jo 000sg$ aq lleqs peweepai aq of joei94j junowe lediouijd ejeBaiNe eqj IAI!jnlew 9M!l jo spuog V sopeS eqi lie ueqi ssal jo uoildwepai 94j 10 JUGAB 94j Ul aq of jo9je4j junowe ledic)uijd aqj of lenbe 9opci uoildwepei e le Ij9jje9J84I aiep Aue uo pue OOOZ IL jaqLuaoa(] uo IA4!jnleLu alf5uis e ui4j!m jol Aq pue aBell!A a4i Aq paupialep se seapniew t4ons woij pue sjunowe ledioupci flans ui 'pGP!Aoid uiaja4 se 93ijou uodn pue 95ell!A aqj p uoildo 94j le Ajpnjew ol joijd uoildwepai of jagicins aq Ile4s LOOZ , L j9qw9o9C] jelle jo uo Buijnjew spuog V satieS aq I -s)looq uoiwasiBei eqj uo Buijeadde sessaippe ji94j ie sieumo paialsibai t4c)ns of pel!ew 11eip jo Noe4o Aq asiAAje410 jo liauAAo pajolsiBei 94j pue 9Bell!A 941 ueeAAlaq jueweeiBe ue of wensind j9jsuejj ajim Aq ped aq I lleqs SPUOEI V saijas q4I uo Isojejul .918P ivawAed isojejui alcieoildde 94j Buipeoeid jx9u qluow iepueleo eqj jo Aep qjg L eqj uo sseuisnq jo asolo eqj jo se ljejlsiBej puoq eqj jo aoigo isnil ejejodjoo lediouijd 94j le esodind t4ons jol 96ell!A eqj Aq peuieluiew s)looq uoileilsiBei eqj uo l5upeadde joeia4i pjooei jo sieumo paialsiBei eqj of alep juawAed Isojejui 4oee uo elqeAed aq lleqs spuog V sapaS eqj uo isojewl 'spuog V saijas a4i joi iucift BuiAed pue jeasiBei puoq se pajuiodde Aqejeq sl 4oi4m 'sioullil loBeoiqZ) jo Aj!3 94j ui IoBeoit4Z) jo Auedwoo isni I pue jueIg leuoiieN UeO"qwv 10 acquo isnii aiejodjoo ledioupd e)41 le loeje41 japuaiins pue uoiiewasaid uodn eoijawV which were assigned numbers so selected; provided that only so much of the principal amount of each Series A Bond shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. Notice of the redemption of Series A Bonds shall be mailed not less than 30 days nor more than 60 days prior to the date fixed for such redemption to the registered owners of Series A Bonds to be redeemed at their last addresses appearing on said registration books. The Series A Bonds or portions thereof specified in said notice shall become due and payable at the applicable redemption price on the redemption date therein designated, and if, on the redemption date, moneys for payment of the redemption price of all the Series A Bonds or pottions thereof to be redeemed, together with interest to the redemption date, shall be available for such payment on said date, and if notice of redemption shall have been mailed as aforesaid (and notwithstanding any defect therein or the lack of actual receipt thereof by any regist-ered owner) then from and after the redemption date interest on such Series A Bonds or portions thereof shall cease to accrue and become payable. If there shall be drawn for redemption less than all of a Series A Bond, the Village shall execute and the bond registrar shall authenticate and deliver, upon the surrender of such Series A Bond, without charge to the owner thereof, in exchange for the unredeemed balance of the Series A Bond so surrendered, Series A Bonds of like maturity and of the denomination of $5,000 or any integral multiple thereof. The bond registrar shall not be required to transfer or exchange any Series A Bond after notice of the redemption of all or a portion thereof has been mailed. The bond registrar shall not be required to transfer or exchange any Series A Bond during Ma -9 - :jeaA vans el!soddo t4liol i9s wnuue jad am OAao9clsoi eqi ie 1saialui jeaq Ilet4s je9A t4ons t4oee ui Buijnlew spuog a soijoS at4l pue ie9A t4ons t43ea;al!soddo t4liol les-lunowe ledioupdBAijoedsoi 9t4i ui elqel 6uimollol eqj ui umot4s jeaA t4oee ui L jeqweoe(l uo (tioildwspoi jo!jd jo uoildo jnot4j!m) ainjew llet4s spuog 9 sapaS at4_L 'a6uet4oxe jo jelsuejl qons woij linsai lleqs lsojejui jo ssol jo uie6 ou leql os polep aq lleqs spuog 9 sapeS jo 96uet4oxe jo jalsuejl Aue uodn penssi je4eejeqi puoig Ej saiieS t4oe3 '-V66 L 19 L Llojen jo se polep aq Ilet4s spuog 9 sepaS at4l jo aouenssi letiftio eqj uodnp9J9All9p PUOE3 9 saugS t4oee 'spuoq 9 sepaS qqj aleoilueqlne of japio aql ui peupielop esi/\Aj9t4lo sseiun 'spuog E3 se.lies io 96ueqoxe pue jalstien luoileilsiBei at4l ejej!lpej of Injesn aq Ilet4s se siallel jo sjaqwnu 6uiAj!ju9pl t4ons jeaq Aew pue joei9qj eldillnui lei6c-)iui Aue jo 00019$ jo suoileuiwouep at4l ui alqenssi aq Ilet4s spuog 8 sapaS '(,,sPuOG 9 s8'.J8Ss, 941) .8tP66 L sapaS 'spuoq tioileffilclo leiguG!D,, p9jeu6is9p;9q lleqs pue 0001006$ jo junowe iediouijd aieftiHe ue ui plos pue panssi eq Ilet4s 96ell!A eqj jo spuoq uo!le6ilqo lej9ua6 luoilepdoidde pies Buioueuij jo asodind at4l joj Lw= uo Isaialui pez!lel!deo jo 'paiinbei j! 'Buipunj at4l pue uoiloaS siql Aq pazlioqlne spuoq eqj jo eouenssi p slsoo jo juawAed aql jol paiinbai slunowe jo 9Aisnioui si uoileijdoidde peS *000100E$ jo wns aL41 poiepdoidde Aqajgt4 sl ejet4i 19oueuipio siql jo L uoiloaS ui paq!josep sioefoid ju9wdOI9A9p98 at4l jo lsoo polewima at4l jo lied leaw oi -spuog 9 sapaS ;o swjiajL pue uoilezijot4initf -E: uopoeS -puoEj V saijaS i4ons jo uoiliod e jo Ile tioildwepoi jol aieuBisap p1noo t4oit4m uoildwepai jo gollou e jo Buipew ot4l Buipeoeid jx9u steep c3 L jo poijed e Principal Interest Principal 1nterest Year Amount Rate Year --Amount Rate", 1995 $45,000 % 1998 $65,000 % 1996 55r000 1999 70,000 1997 65,000 Each Series B Bond shall bear interest from its date, computed on the basis of a 360 day year consisting of twelve 30 day months and payable in lawful money of the United States of America on December 1, 1994 and semiannually thereafter on each June 1 and December 1 at the rates per annum herein determined. The principal of the Series B Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof at the principal corporate trust office of American National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, which is hereby appointed as bond registrar and paying agent for the Series B Bonds. Interest on the Series B Bonds shall be payable on each interest payment date to the registered owners of record thereof appearing on the registration books maintained by the Village for such purpose at the principal corporate trust office of the bond registrar, as of the close of business on the 15th day of the calendar month next preceding the applicable interest payment date. Interest on the Series B Bonds shall be paid by wire transfer pursuant to an agreement between the Village and the registered owners, or otherwise by check or draft mailed to such registered owners at their addresses appearing on the registration books. Section 4. Sale and Delivery. The Series A Bonds and the Series B Bonds (herein collectively called the " 1994 Bonds") are hereby sold to as purchaser, at a price of $ and accrued interest from their date to M -L- -jejlst6aj puoq aye. Aq painoexe Alnp uaeq aney lleys uoileoiluayine jo amtpim yons pun asodand Aue jo Ajole6flgo jo pflen aq lleys ao aoueuipio slylaapun itjauaq ao jy6ta Aue of pall!jue aq Ile4s Puog V66 L ON -aejlst6aa puoq aye. Aq Allenuew painoexe uoijeotjuet4ine jo aleotlpoo a uoajayj aeeq lle4s Puog V66 L 4oe3 'spuo6 t66 L ayj seinoexe ot4m jeotgo Aue isuie6e spuog V66 L Aue jo juawAed eye. jol Pe4 eq lleys asinooei ON -aoi j4o yons play aney jou Aew uosied yons puoq V66 L yons jo alep ayj le jeyj 6utpuelsL41!mlou 'aotj4o aadoid ayi PIo4 Ile4s 'joe yons jo aiep aye. uo 'oyM uosied Aue Aq 96ell!A aye. jo Ileyaq uo palsolle ao paleas 'pouBis aq Aew Puo6 V661, Au`d -aoigo yons ploy of paseeo jou pey PuoB V66 L yons uo sieedde 'joei9gj altwisoej a jo 'ainieuBis asot4m uosied ay1 jt se awes ayj 'sesodind lie aol luatofj.ns pue poen eq ssalaylaanau lleys Puoq V66 L yons 'puoq V66 L ay1 jo aouenssi 9y1 ajo jeq aol j.o yons ploy 01 aseao Ileys puoq V66 L hue uo jeadde Ileys 'ainjeu6ts asot4m jo opwtsoej a ao 'ainieu6fs 9soL4m iaotj.o Aue aseo ul '>IJeI3 a6eIVA sjt jo ainjeu6rs eltwtsoel paztaoi line jo lenuew eqj Aq palselle pue uoaaayi peonpoidej esimjagio jo paxille oiunejegl aq Ileys 'looiat4i altwtsoel a jo 'a6ell!A ayj p leas ajeaodioo 9y1 pue juaptsejd 96ell!A sj! jo ainieu6ts elfwtsoel pezijoglne jo lenuew aye. Aq a6ell!A 914e.10 aweu ay1 ul poinoaxe aq Ile4s puoq V66 L y3e3 -uogeoljua4jnV pue uoijnoax3 .9 uot�,oa$ 'spuog V66 L 84j 10 AJantlaP pue uoilnoexe jadoid a41 6uipnloul 'spuog V66 L ayj jo eouenssl aye. job. Aaessaoau 6ulyj Agana pue yoee e6elltn 941 jo jleyaq uo jo aol pewioped jo euop aq of asneo jo 'waoljed pue op of pejoeiip pue pezljot4ine Agajay eie eBell!A ayz jo slepigo jet4jo pue lialZ) 86ell!A 'ivaptsejd 96ell!A e41 -panoidde Agaaay si spuoq V66 L ayj of joadsai 4j1M paaedaid ivawalels lelotj4a ayl -jolaiet4i ivawAed pue AaanllaP 10 axep ayi Section C. Transfer, Exchange and Registry. The 1994 Bonds shall be negotiable, subject to the provisions for registration of transfer contained herein. Each 1994 Bond shall be transferable only upon the registration books maintained by the Village for that purpose at the principal corporate trust office of the bond registrar, by the registered owner thereof in person or by his attorney duly authorized in writing, upon surrender thereof together with a written instrument of transfer satisfactory to the bond registrar and duly executed by the registered owner or his duly authorized attorney. Upon the surrender for transfer of any such 1994 Bond, the Village shall execute and the bond registrar shall authenticate and deliver a new 1994 Bond or Bonds registered in the name of the transferee, of the same aggregate principal amount, series, maturity and interest rate as the surrendered 1994 Bond. 1994 Bonds, upon surrender thereof at the principal corporate trust office of the bond registrar, with a written instrument satisfactory to the bond registrar, duly executed by the registered owner or his attorney duly authorized in writing, may be exchanged for an equal aggregate principal amount of 1994 Bonds of the same series, maturity and interest rate and of the denominations of $5,000 or any integral multiple thereof. For every such exchange or registration of transfer of 1994 Bonds, the Village or the bond registrar may make a charge sufficient to reimburse it for any tax, fee or other governmental charge required to be paid with respect to such exchange or transfer, which sum or sums shall be paid by the person requesting such exchange or transfer as a condition precedent to the exercise, of the privilege of making such exchange or transfer. No other charge shall be made for the privilege of making such transfer or exchange. The provisions of the Illinois Bond Replacement Act shall govern the replacement of lost, destroyed or defaced 1994 Bonds. . M m umo sjl aol 1claoxe saimp sj! jo aouewaolied aqj qi!m uolloeuuoo u4 algeil eq jou Reqs pue 96ell!A eqj jo weBe eqj sl jeasibei puoq eqj_ +spuo8 V66 L aqj Ile of joedsai gjim Inq pele3ljuag1ne os puo8 V66 L 9q1 of joedsai qj!m hluo jou suolle6llgo pue saimp qons poldeooe seq pue 11cleooe of aamod allslnbaa Ile seq 1! 1egj 96ell!A ayl 01 pa1M1aao aneq ox paweep aq Reqs misibei puoq eqj uollnoaxe yons Aq pue 'puo8 1P66 L Aue uo uogeoljuagjne jo aleoij!ijeo eqj 6ulln3axe Aq eoueulpio siyj Aq 1! uodn pasodwE suoile6ilgo pue saiinp eqj jo eoueldaooe sjl Aj!ufils lleqs jejlsl6aj puoq aq1 -ssouwsnq sai1pnoes ledloiunw eqj jo saoijoeid pue swoisno 'spiepuns aqj qj!m juaislsuoo aauuew a ui soueulpio siL41 Aq ii uodn pasodwl suoiie6llgo pue saiinp jagjo eqj wjoljed pue sNooq uollealslfiai jadoid uieiuiew aejisl6ai puoq ayj jeyj aiinbei lleqs 1! 1egj pue a6uegoxa ao aalsueji jo uoileilsiBei pue juawAed aol paluesaid aq Aew spuo8 V66 L ejet4m eoeld a jejlsi6ai puoq yons jo aoillo pejeu61sep ayj le uielulew II!M 1! 1egj 'spuo8 V66 L aqj of loadsaj t4j!m jejls16aa puoq e melee sawn. Ile le llet.lsi! jeq�. sjueuanoo 96ell!A aql •aea�si6a� puo8 �� uoixoa Ajejiuoo at4l of aotiou Aue Aq pazoage aq Ilegs jejlst6aa puoq aql jou 96ell!A 841 Jegl!eu pue 'pled os swns ao wns at4i jo waixe eqi off. puo8 -b66 L yons uodn AjlligellaqI 96aegosip pue Alsiles of lemoage pue pilen aq Ilegs aapio sly uodn ao aaumo pajaisl6ai yons hue ol spew os sjuawhed yons Ile pue 'aan9osjeL4m sesodind jeL410 Ile aol pue uoaaat4l Isejejul jo jo ledlouljd eqi ' jo jun000e uo ao jo juawAed 6u1nl9o9a jo asodand st4l aol 'jou ao anpJano eq Ileys puoq tr66 I. yons jaglagm `puo8 V66 L eons jo aaumo ainlosge aqj se sjooq uoileilsiBei aqj uodn paaalsl6aa aq Ilegs puo8 V66 4 hue aweu asoL4m ul uosied eqj jeaii pue wasp Aew aejisi6aj puoq 9q1 pue 96eII!A aq1 negligence or default. The bond registrar shall,, however, be responsible for any representation in its certificate of authentication on the 1994 Bonds. The Village may remove the bond registrar at any time. In case at any time the bond registrar shall resign or shall be removed or shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or if a receiver, liquidator or conservator of the bond registrar, or of its property shall be appointed, or if any public officer shall take charge or control of the bond registrar or of its property or affairs, the Village covenants and agrees that it will thereupon appoint a successor bond registrar. The Village shall mail notice of any such appointment made by it to each registered owner of 1994 Bonds within twenty days after such appointment. Any bond registrar appointed under the provisions of this Section shall be a bank, trust company or national banking association maintaining, its principal corporate trust office in the State of Illinois, the City of St. Louis, Missouri or the Borough of Manhattan, City and State of New York. Section 8. General Obligations. The full faith and credit of the Village are hereby irrevocably pledged to the punctual payment of the principal of and interest on the 1994 Bonds. The 1994 Bonds shall be direct and general obligations of the Village, and the Village shall be obligated to levy ad valorem taxes upon all the taxable property in the Village for the payment of the 1994 Bonds and the interest thereon, without limitation as to rate or amount. Section 9. Form of Series A Bonds. The Series A Bonds shall be issued as fully registered bonds and shall be in substantially the following form, the blanks to be appropriately completed when the Series A Bonds are printed: pue )Iueg leuofIeN ueoljawd jo aoillo isnil ejejodioo lediouiad ayx ie asodind yons aol oBell!n ayl Aq paulelulew slooq uoljejjslBaa aye. uo Buiaeadde aauMo yons jo ssaippe aql le `alep juawAed isaialul yons Buipeoaid xxeu t4luow iepueleo aye. jo Aep qic, L ayi jo se pejay paooai jo jauMo poisisiBai ayl of pallew lleip ao �loayo Aq asimjegio jo 'iaumo paialslBaa ayl pue aBell!A ayj ueemlaq juawaoiBe ue of luensind jelsueil aa1M Aq 'pied uaaq aney lleys junowe ledloulad ayj pun jeaA yoee ui aagwaoao pue aunt jo steep lsji j ayl uo jo4eaaayl Allenuuelwas pue 1766 G ` L jagwaoa(j uo eoljawy jo say. s Poi!un ayi io Aauow lnlmel ul algeAed pue syluow Aep of anlaMl 10 BUIISlsuoo jeaA hep ogE: a jo slseq ayl uo paindwoo 'anoge paipoods wnuue aad ajej isaialul ay1 le joajay alep ayj wojj junowe ledioutid yons uo lsa;elui Aed of pue 'anoge peipoods elep Al!jnlew ayz uo anoge payloads junowe lediouljd aye. 'sufilsse paialst6ei ao 'puoq slyx jo aauMo paialslBaa ayi oz Aed ox seslwoid Agajaq panlaoaJ amen Joh. pue paxgepul Ilesil se6polMouNoe 1310oo jo Alunoo ayl ul elenj!s slouilll jo ajejS ayl jo jlun alm awoy a pue uolzejodioo led#oiunw a '.L03dSOHd 1.Nno" do 3E)V'111A ay.L :1NnoAv lddloN18d :83NMO► C]3831SIE)38 V66 L `q L yoaew � `L aagweoa(l % dISno 31VO 031VC) gi o uwn Vd IS383INI Vtp66 L STH3S 'QNQ13 NOIIVDII130 lVU3N3J 103dSoUd INno1N do 3E)VIIIn M000 jo A4unoo sloullll 10 ajels eoijawb o sams Pai!un NON Trust Company of Chicago, in the City of Chicago, Illinois, as bond registrar or its successor (the "Bond Registrar"). This bond, as to principal when due, will be payable in lawful money of the United States of America upon presentation and surrender of this bond at the principal corporate trust office of the Bond Registrar. The full faith and credit of the Village are irrevocably pledged for the punctual payment of the principal of and interest on this bond according to its terms. This bond is one of a series of bonds issued in the aggregate principal amount of $6,500,000, which are authorized and issued under and pursuant to Section 6 of Article V11 of the Illinois Constitlution of 1970 and under and in accordance with an ordinance adopted by the President and Board of Trustees of the Village on March 1 1 1994 and entitled: "Ordinance Authorizing the Issuance of $6,500,000 General Obligation Bonds, Series 1994A and $300,000 General Obligation Bonds, Series 19948, of the Village of Mount Prospect, Illinois." The bonds of such series maturing on or after December 1, 2001 are subject to redemption prior to maturity at the option of the Village and upon notice as herein provided, in such principal amounts and from such maturities as determined by the Village and by lot within a single maturity, on December 1, 2000 and on any date thereafter, at a redemption price equal to the principal amount thereof to be redeemed. Notice of the redemption of bonds will be mailed not less than 30 days nor more than 60 days prior to the date fixed for such redemption to the registered owners of bonds to be redeemed at their last addresses appearing on such registration books. The bonds or portions thereof specified in said notice shall become due and 6 payable at the applicable redemption price on the redemption date therein designated, -12- -C L- 'JBAGOslet4m sesodind jet4jo Ile jol pue uoejaq anp isaialui pue lediouijd at4i 'jo jun000e uo jo ,jo juawAed 6UIA1908J jo asodind at4i jol joeiaq jaumo ainjosqe at4i se paialsi6ai si puoq sit4i aweu asoL4m ui uosjgd aqj jap!suoo pue mil Aew jejlsi6eU puoq at4i pue 96ell!Agt4.L -a6uet4oxe jo jalsuen L40ns 6U1JeW �O 86911Aud at4i jol spew aq Ilet4s gBjet4o jet4jo ON -puoq siql jo 813uetMs jo jelsuejl eqj of joadsai qj!m ped aq of paiinbei 95jet4o JeJU9WUJ9AO6 J81410 jo 991 Ixei Aue jol 1! asinqwiej of juapigns a6iet4o e oJew Aew jejlsiBeH puo4a at4i jo 96ell!A 841 -suoileuiwouep pazijot4ine t4ons jo Aue jo pue ejej isaiewi pue Ajpnjew awes 9L41 jo spuoq jo junowe ledioupd eje6aj66e lenbe ue job. pa6uet4ox;D 9q Aew puoq sit4i liauuew 9J!I ul -jolejet4i 96ueqoxe ui 9exalsueil at4i of penssi aq IIeL4s puoq sit4i se aiej isajejui pue Ajpnjew liunowe lediouijd ale6ei66e awes oL41 jo pue jQqjq4j eldillnw lei6olui Aue jo 000jq$ jo suoijeuiwouep pezijot4ine eL4i ui `spuoq jo puoq paielsi6ei AAeu e uodneiet4i pue Aeujolle pezijot4ine Alnp sit4 Aq jo jeumo pajaisi6ei at4i Aq painoexe AInp jejlsi698 puoq at4i of Ajoloelsiles jalsueil jo juawnilsui u9pim e t4j!m jet4jaftj jejisi698 puola ;941 jo aoillo isnii aiejod= lediouijd 9'41 ie jo9j;94 japuaiins uodn 6uil!jm ui pezijot4ine Alnp Asuiolle sit4 Aq jo luosied ui joejet.I jeumo paielsiBei at4i Aq sJooq uoileilsi6ei t4ons uodn Aluo elqejelsuejl si puoq sit4l pue enjooe of aseeo Ilet4s joeiat4i suoiliod jo spuoq vans uo Isaialui alep uoadwepei at4i jel4e pue woij u9t4j (jauAAo peialsiBei Aue Aq joeiet4i ldiaoaj lenjoe jo Joel at4i jo uiejet4i joelep Aue 6uipueist4i!miou pue) pesajole se pal!ew u aq 9Ae s 9 L4 Ile t4 uoiidwepai jo aoijou j! pue laiep pies uo juawAed t4ons jol alqel!eAe aq Ilet4s laiep uoildwepai 9L41 of isajejui tpm jat.Iiafti 'poweepai aq of pajeL41 suoiliod jo spuoq aqj Ile jo eoijd uoadwepai 9141 jo juawAed jol sAeuow laiep uoadwapai 941 uo 'j! pue This bond shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been duly executed by the Bond Registrar. It is hereby certified, recited and declared that all acts, conditions and things required to be done, exist and be performed precedent to and in the issuance of this bond in order to make it a legal, valid and binding obligation of the Village have been done, exist and have been performed in regular and due time, form and manner as required by law, and that the series of bonds of which this bond is one, together with all other indebtedness of the Village is within every debt or other limit prescribed by law. -14- AJOIO 85ell!A lu9P!sGJd aBell!A 103dSOUd I Nnovy :10 30VIIIA _91 _ jeuBiS p9zijot4jnV AEJ jejlsiBaH puoEl se 'OE)VOIHO -40 ANVcIV4001snui CINV )INVI3 IVNOIIVN NVOlH3NV .90tieulpio pauoijuaw uiL41!m eqj ui paclposap 'Vtp66 L safes ispuog uoileBilclo jejauaE) at4i jo quo si puoq siqjL NOliVOl1N3Hinv=l0 El1VOI:111830 -Niel:) 96ell!A sj! jo einjetiBis alpisoel jo lentiew 9t4j Aq pelseue pue uoajaq peonpoidej esimjeqio jo pexille ojunejaq eq of 'joeiat4i al!wisoej e jo 'leas eiejodjoo sj! pue 'juepswc! 96ell!A s1l joainjeuBis elpis3ej jo lentiew at4i Aq lleqeq sj! uo pue aweti sj! ui painoexe aq of puoq siql pasne3 set4 jc)9dsOId Juno" jo 96ell!A GLI1 'J03)J3H/V\ SS3NJLIM NI ASSIGNMENT For value received the undersigned sells, assigns and transfers unto the within bond and hereby irrevocably constitutes and appoints attorney to transfer the said bond on the books kept for registration thereof, with full I power of substitution in the premises. Dated Signature Guarantee: Section 10. Form of Series B Bonds. The Series B Bonds shall be issued as fully registered bonds and shall be in substantially the following form, the blanks to be appropriately completed when the Series B Bonds are printed: M -L L- pue )lues leuoileN ueoijewV jo aoillo isnil ejejodioo lediouijd eqj le asodind Bons jol O681HA at4l Aq peuieluiew sNooq uoilejls'!Bej eqj uo Buijeadde jouAAo Bons jo ssaippe 941 ie 'eiep ivawAed isojewi t4ons Buipeoeid lxeu t4luow iepueleo 9t4i jo step 419 L OL41 1 10 se PGJ84 PJO39J 10 JGumO POJ91s,'Baj at4l of poliew l4eip jo )Ioet4o Aq 9simj9L410 jo 'J9umO PGJGISI.BOJ Bql pue OBell!A eqj ueemlgq juaweeiBe ue ol luensind jelsuejl 9jim Aq `ped uaaq 9Aet4 liet4s junowe lediouijd ;9t4j pun jeeA t4oee ui jeqwaoeC] pue gunr jo sAep lsjij aql uo je4eajaqi Allenuueiwes pue V66 L 'L jeqweoeo uo eoijawV jo sad. s Pei!uneql jo Aquow InlAAel ui elqeAed pue sqiuowAep OS OA19MI 10 13UIISISUOO jeeA step 096 e jo siseq;aql uo poindwoo '8Aoqe paipoods wnuue jed ejej issimi eqj le joajaq alep eqj wojl junowe lediouijd t4ons uo isojejui Aed of pue 'BAoqe paipoods alep Aalinjew Gqj UO 9Aoqe paipoads junowe lediouijd aql IsuBisse pajoisiBei jo 'puoq sit4l jo isumo poialsiBei at4l off. Aed of sesiLuoid Aqejet4 POAIGOGJ enjeA jol pue palqepui Ilesi! se6polmou>loe >I000 p Aluno:o aql ui elenj!s siouilil jo qjejS 9L41 jo I!un alni awoq e pue uoilejodioc) ledioiunw e'i33dSOUd INnonJO 3E)VIIIA OU :lNnonv -lVdIONIUd V66 L '9 L L4ojeVy 'L jaqwaoaC] % * disno 31VO (331VO 31VO Aiiunivvy 31VH IS383INI GV66 L S3183S 'CIN09 N0IIV011130 IV83N3'0 103dSOUd INnovy :10 3E)VIIIA Moon jo Aiunoo sloulill p ejels eopew-V jo seleiSpoi!un OON Trust Company of Chicago, in the City of Chicago, Illinois, as bond registrar or its successor (the "Bond Registrar"). This bond, as to principal when due, will be payable in lawful money of the United States of America upon presentation and surrender of this bond at the principal corporate trust office of the Bond Registrar. The full faith and credit of the Village are irrevocably pledged for the punctual payment of the principal of and interest on this bond according to its terms. This bond is one of a series of bonds issued in the aggregate principal amount of $300,000, which are authorized and issued under and pursuant to Section 6 of Article VII of the Illinois Constitution of 1970 and under and in accordance with an ordinance adopted by the President and Board of Trustees of the Village on March 1, 1994 and entitled: "Ordinance Authorizing the Issuance of $6,500,000 General Obligation Bonds, Series 1994A and $300,000 General Obligation Bonds, Series 1994B, of the Village of Mount Prospect, Illinois." This bond is issued in accordance with the provisions of the Tax Increment Allocation Redevelopment Act, 65 Illinois Compiled Statutes 5/11-74.4, for the purpose of financing redevelopment project costs. This bond is transferable only upon such registration books by the registered owner hereof in person, or by his attorney duly authorized in writing, upon surrender hereof at the principal corporate trust office of the Bond Registrar together with a written instrument of transfer satisfactory to the Bond Registrar duly executed by the registered owner or by his duly authorized attorney, and thereupon a new registered bond or bonds, in the authorized denominations of $5,000 or any integral multiple thereof and of the same aggregate principal amount, maturity and interest rate as this bond shall be issued to the transferee in exchange therefor. In like manner, this bond -6L- -Mel Aq pecIpossid 1!wil jet4jo jo jq9p AJGA9 Ulql!M S! GBeII!A eqj jo ssoupelqepui jqqjo Ile ql!m jet4la6ol 'euo si puoq sit4i qoiqm jo spuoq jo sapas aqi iet,11 pue Mel Aq paiinb9i se jauuew pue wjol lowil anp pue jelnBei ui pawjoljad ueeq 9Aet4 pue Isixe Jquop uaaqGAeq 96eII!A 94110 uoijeffilqo Buipuiq pue piles 'IeBel e 1i oNew of japio ui puoq sit4j jo eouenssi 9t4j ui pue of juepeoeid pewj'ojjed aq pue isixe lauop aq ol paiinbei sBuit4j pue suoil!puoo 'sj3e Ile jet4i paieloop pue paipaj 'peilpeo Aq9jet4 si it ,jejlslBe)j puoq et4j Aq pain3exe Alnp ueaq 8Aet4 Ilet4s uo9jet4 uoile3ijuetline to 9jec)ij!jj93 eqj pun asodind Aue jol AjoleBilqo awooeq jo P!IeA aq jou lleqs puoq siq i 'J,9A9OSje14M sesodind j9qjo Ile jol pue uo9jet4 anp jsajejui pue lediouijd 9t4j 'jo jun000e uo jo 'jo juawAed BUIA1909J to asodind 9L41 jol joajaq jeumo ainjoscle eqj se sit si puoq poialsiBei 1 aweu asoqm ui uosied 9t4j 0 0 4 jap!suoo pue jeeil Aew jejlsiB,98 PUOS 941 pue 8BeII!A 941 -eBuet4oxe jo jolsueji Bons BUIAeW 10 96GI!Aijd 9t4j jol spew eq Ilet4s 8BJet43 J9410 ON -puoq sit4i jo aBuet43x8 Jo jolsuejl 9t4j ox joadsai t4j!m pied aq of paiinbei oBjet4o leluewujOAOB J9t4jO jo eel Ixel Aue jol 1i asinqwiaj ol lu;aioij4ns o6je4o e 9->Iew Aew jejjsiB98 puoq eql jo qBeII!A 941 -suoileuiwouep pazijot4lne t4ons jo Aue jo pue ajej isaialui pue Ajpnjew awes at4j jo spuoq jo junowe lediouijd ale6eiBBe lenbe ue jol paBuet4oxe aq Aew . 0 IN WITNESS WHEREOF, the Village of Mount Prospect has caused this bond to be executed in its name and on its behalf by the manual or facsimile signature of its Village President, and its corporate seal, or a facsimile thereof, to be hereunto affixed or otherwise reproduced hereon and attested by the manual or facsimile signature of its Village Clerk. I VILLAGE OF MOUNT PROSPECT Village President Attest: Village Clerk CERTIFICATE OF AUTHENTICATION This bond is one of the General Obligation Bonds, Series 1994B, described in the within mentioned Ordinance. AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, as Bond Registrar By Authorized Signer -LZ- :eaiuejenE) ainieuBiS -sasiwejd at4i ui uoilnl!lsqns jo jamod linj qj!m ilosiaLli uoileilsiBei jol jda)l vlooq aLli uo puoq pies at4l ja;suejl of Aeuioue siuiodde pue sainl!lsuoo AlqeoOAGJJI Aqajat4 pue puoq uit4l!m st4i olun sialsuejl pue suBisse IsIlas pouBisiepun 8141 p9AlG38J enjeA Jo: IN31NNE)ISSV Section 11 - Levy and Extension of Taxes. For the purpose of providing the money required to pay the interest on the 1994 Bonds when and as the same falls due and to pay and discharge the principal thereof as the same shall mature, there is hereby levied upon all the taxable property in the Village, in each year while any of the 1994 Bonds shall be outstanding, a direct annual tax sufficient for that purpose in addition to all other taxes, as follows: Jai Levy year ufficient tofPmduck -, 1994 $ 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Interest or principal coming due at any time when there shall be insufficient funds on hand to pay the same shall be paid promptly when due from current funds on hand in advance of the collection of the taxes herein levied; and when said taxes shall have been collected, reimbursement shall be made to the said funds in the amounts thus advanced. As soon as this ordinance becomes effective, a copy thereof certified by the Village Clerk, which certificate shallrecite that this ordinance has been duly adopted, shall be filed with the County Clerk of Cook County, Illinois, who is hereby directed to ascertain the rate per cent required to produce the aggregate tax hereinbefore provided to be levied in the years 1994 to 2003, inclusive, and to extend the same -22- 931AJaS jg9t7 V66 L eqj uit4l!m slun000e ajeaedas ysllgelsa Aew 86ell!A ayl '986 G ;o apoo anuanaU leuialul aql aapun punk. aoinaas jgap ap!; euoq a se pajelslulwpe aq Ilegs pue 96elllA ayl 10 punk, leioads a se pagsllgelsa Agaaay sl yoigm („punj GOIAJaS iga(3 tr66 LIS 041) 1,punj 90lAJaS ig9(3 V66 Lis ayl ul pel!sodep aq Ileus `spun$ V661, ayi uo isaaaxul pue ;o }edloulad ayl jo luewAed ayl ao; pasn aq of sAauow jay10 Ile pue 'sAauow yons �o IIV -anp awoo awes ayx se pue u9l4m spu09 V66 G ayz uo isaialui pue ;o ledloulad BuiAed �o asodand 'alos ayj ao; aplse las pue poleladoidde aae palnal Malay saxes. woa; pantJap sAsuoVy •punk aolna8S jg9C] 13 uo1138S -sIsoD 10910M juawdolanapad yons hed of pa6pald �tgaaay aie spuo13 8 salia6 eqj jo ales jo spaaooid aql 'job juawdolanapaS ayj of luensind , •siouilll 'joadsoad junol/y jo 96ell!n eqi ul eajV joa(old juawdolanapad G •old 1016 5610 aye. JOI Zoa.foad juawdolanapad pue ueld juawdol8n8p88 juawaJoul xel eqj 6utnoiddd eoueulpio uV , :pelz!zua pue 9136L 'pZ jsn6ny uo 96ell!A ayl jo saajsnjl jo paeog pue luapissJd eqj Aq paldope aoueuipio ue hq panoidde 96ellln eqj �o ueld luawdolanapad ayj ul paglaosap se pue {„IoV ju9wdalanapa8„ aye} t�'t�L- L L19 soinielS palidwoo sioullll 59 ljoV juawdolanapad uoileoolIv juawajoul xel ayl ul paugap se sisoo joafoJd ju9wdol8n9p88 ajnj!jsuoo sloafoJd juawdolanapad 841 10 sIsoo ayl •sIsoO IoaroJd ivawdoEanapajd •Z L u010138s 4algeAed pue anp awooeq awes ayj se pazraoglne uialay spuo13 V66 ay1 uo isaialul pue jo lediouijd at4l 6uiAed jo asodand aye. aol Alalos pasn aq Ila'gs saxes yons 'pa1391103 uaynn 'pue p91391103 pue palms aie saeeA ples aol sesodind aieaodjoo leaaua6 ao} saxei se jauuew aN!l ui pajoalloo pue Parnas aq llegs xei lenuue yons sie9A ples ul pue 'a6ell!A ayj jo sasodand alejodioo leaaua6 aol a6ell!A ay1 hq pue ur 'sje9A ples ul palms saxei aayxo t4j!AA uolloauuoo ur s>looq xel eqj uo uolloalloo aol Fund for each series of the 1994 Bonds. All accrued interest received upon the issuance of the 1994 Bonds shall be deposited in the 1994 Debt Service Fund. Concurrently with the issuance of the 1994 Bonds, the Village shall deposit. in the 1994 Debt Service Fund, an amount of money which, together with such accrued interest, shall be sufficient to provide for the payment of the interest due on the 1994 Bonds on December 1, 1994. Section 14. Bond Proceeds Fund. All of the proceeds of sale of the Series A Bonds (exclusive of amounts to be deposited in the 1994 Debt Service Fund for the payment of interest on the 1994 Bonds due December 1, 1994) shall be deposited in the "1994 Bond Proceeds Fund", which is hereby established as a special fund of -the Village. Series A Bond proceeds and the investment earnings thereon shall be used for financing the Flood Control Project and the Street Improvements as specified in Section 1 of this ordinance and for the payment of costs of issuance of the Series A Bondi, but may hereafter be reappropriated and used for other purposes. All of the proceeds of sale of the Series B Bonds (exclusive of amounts to be deposited in the 1994 Debt Service Fund for the payment of interest on the 1994 Bonds due December 1, 1994) shall be deposited in the 1994 Bond Proceeds Fund. Series B Bond proceeds and the investment earnings thereon shall be used for the payment of Redevelopment Project Costs as specified in Section 1 of this ordinance and for the payment of costs of issuance of the Series B Bonds, but may hereafter be reappropriated and used for other purposes. Before any reappropriation shall be made as permitted by this Section, there shall be filed with the Village Clerk an opinion of a nationally recognized bond counsel to the effect that such reappropriation is permitted under Illinois law and will not -24- *isajaiui pue lediowid t4ons jo ivawAed et4l jol Alelos pass aq Ilet4s sAeuow vans i!sodep q3ns uodn pue 'punk 8OIAJG6 lqaC] V66 L st4l ui pal!sodep eq hew spuos a S91POS 941 uo ISOJOlul, pue 10 ledi3uijd at4l jo ivawAed ot4l jol pesn eq ol aie leql punj uoile3olIV xe.L st4l ui play sAeuoVq "weld luewdOlOAGP88 at4l pue 13V et4l jo sesodind at4l jo souejet4linj ui apew aq Ilet4s uoijejelle t43ns jusixe st4l of pun uoile3olIv xe1 at4i ui sAauow jo uoilnq!jlsip pue asn at4l jalle of jo sAauow i 3ns ;o s Bpeld Butisixe a 4 8 gleuipjoqns of :13V st4l of juensind penssi spuoq leuoil!ppe jo sjeplot4 9t4j jo Aalinoes pue I!Ieuaq at4i job. sexes pue sAeuow qons eBpold 01 GBelllA eqj p jamod aLli joinsai Ilet4s pouieluo3. u'GJGt4 BuNION 'VE:66 L sayaS Ispuoe uoileBilqo lejeueE) pue '8266 L sepaS IspuoS uoileBilqo lejeuoE) :6L66L setieS Ispuog uoileBilqo lejauaE) L 6 solies Jspuoe uoiieBiiqo lejeueE) :X86L sepaS Ispuog uoileBilqo jejeueE) s,9Bell!A at4l jo juawAed et4l jol A.I!jnoes se sAeuow t4ons jo aBpold joud at4l t4l!m Alued e uo sPuO8 8 SBIPOS 841 P juawAed at4l job. A4!jnoss se pue SISOO IOG.fOJd juewdojI9A8p98 jo juawAed w4l jol paBpold Aqeja4 aie joy eqj of juensind uiejet4i pel!sodep aq of sAeuow jeqlo pue saxes aqj pue pun uoileoolIV xejL at4i ui play sAsuon -1c)V juawdolGAepOU 8141 �O SUOISIAoid at4l t4j!m souepjooc)e ui qBell!A 9L41 Aq pejelsiuiwpe pue pouieluiew aq Ilet4s ,siouilli liosdmd junoVy P 9Bell!A 841 ul, eeiV 109!OJd juawdol9A8p8U JU9W8J3UI xe-L L NON 10I.Jlsl.(3 st4l jol Buioueul-A luewajc)ul xeiL Buiidopv eoueuipio uV,, PGII!Iug pue 986 L IOZ isnBnV uo oBell!A 941 10 seeisnjjL jo pjeo6 pue luSP!ssJd at4l Aq poldope eoueuipio ue oi wensind pe silqels 0 4 . 9 (,,pun.4 uoileoolIV xe i l, at4j) eeiV 13;9.foJd ivawdOj9AGp8H jUGW8JOUj xe i L OON loijlsi(3 jol pun uoileoolIV xe.L jepadS at41 ,pun:i uoilsooliV xe.L oqL uoizoeS 'SPUOS V66 L OL41 UO ls8JGlul. io sesodind xei awooui jejapal jol awooui ssoiB wojl uoisnloxe at4l joej4e A18SJOApe Section 16. Investment Regulations. No investment shall be made of any I moneys in the 1994 Debt Service Fund or the 1994 Bond Proceeds Fund except in accordance with the tax covenants set forth in Section 17 of this ordinance. All income derived from such investments in respect of moneys or securities in any Fund shall be credited in each case to the Fund in which such moneys or securities are held. Any moneys in any Fund that are subject to investment yield restrictions may be invested in United States Treasury Securities, State and Local Government Series, pursuant to the regulations of the United States Treasury Department, Bureau of Public Debt, or in any tax-exempt bond that is not an "investment property" within the meaning of Section 148(b)(2) of the Internal Revenue Code of 1986. The Finance Director of the Village and agents designated by him are hereby authorized to submit, on behalf of the Village, subscriptions for such United States Treasury Securities and to request redemption of such United States Treasury Securities. Section 17. Tax Covenants. The Village shall not take, or omit to take, any action lawful and within its power to take, which action or omission would cause interest on any 1994 Bond to become subject to federal income taxes in addition to federal income taxes to which interest on such 1994 Bond is subject on the date of original issuance thereof. The Village shall not permit any of the proceeds of the 1994 Bonds, or any facilities financed with such proceeds, to be used in any manner that would cause any 1994 Bond to constitute a "-private activity bond" within the meaning of Section 141 of the Internal Revenue Code of 1986. The Village shall not permit any of the proceeds of the 1994 Bonds or other moneys to be invested in any manner that would cause any 1994 Bond to constitute -LZ - 94 -1. espuoq 9141 jo; Ajol!sodvgp sai1pnoes se j jo eauiwou e se ;o oweu et4i ui paielsiBei eq Ilet4s OA4!jnlew t4ons ;o junowe iedi3uijd eieBsiBBe etij ui IA4pnjew t4oee jol puoq pejej�!Bej Alin; auo ;o di.4 sieumo 6 . a st.ij lsja;suejl Aluo Ailue-)Iooq ;o w9jsAs e JO; S9p!Aoid jet4j wjo; e ui spuoq lat4i ;o e3uensst leil!ui atij JO; SPIAoid of j9pio ul -w9jsAS Ailu3-)Ioos - U01joes 0 . 0 0 19861 jo epos anUSA8)d JeUJGIUI 814110 LV L uogoeS ui pouilep se) spuoq A4!AIIDB 9jeAud jet4jo apnloui jou soop inq (996 L jo opo:) enUSAaH JeUJGIUI st.i1jo 94,1 uoizoeS eLli ui pouilep se) ,,spuoq (6) (3) L 09 paiplenb, sapnioul suoIje5Ilqo idwaxe-xel, wiai at4i Iseouslues Buipeoeid oml st4i ;o sesodind job J "IV66 L ui suogeffilcio idwexe-xel ;o junowe lediouijd eleBeiBBe 0001000101$ uetij ejow 0 0 a 0 81 anssi pue muftep zou Ipm 1! jetij sjueUGA00GBell!A 841 '000'000'0 L $ P 0 x Ou SOOP -0661 Buijnp OBBIHA 84110 saij!jue ajeuipiocins lle pue oBell!A etij jo Ilet4sci uo jo Aq penssi aq ll!m pue opo:) atij p (:))(E:)(q)ggZ uoijosS jo asodind a14 I jol jun000e ojui ue)jej eq of paiinbej'oaje jet4j supileBilqo jdwex9-xej jo junowe paledioijue Alqeuoseei 9t4j jet4j sluesaidej 96ell!A 914JL '9861 p opo:o snUGAGH JeUJGIUI 94110 a EJ -V (9)(8)(q)ggZ uonosS ui pouilep se ,suoizeBilqo idwexe-xel peil!lenb,, se spuoq X661 et.ij seleuBisep Aqejet4 95ell!A 941. -uopeu6iss(3 poillIent) )juej3 -SL uoijoeS -eol.jewv io sams Pei!un Gt4j 01 SleAJOJUI opoped & a . ie sBuiujee IUGWISGAUI -UIejJ9-') 10 aleqej atij of Builelai 9861 jo epoC) 9nUGA8kj 0 a a 0 IBUJ81UI 94110 (1)8-0 L UOIJOOS 10 SUOISIAoid st4i t4j!m Aldwoo Ilet4s GBell!A 841 '9861 jo opo:) anUGAOU leuielul etij jo (6)6-P1 uoijosS p Buiueew at4i uit4i!m ,puoq eBp9t4,, e JO 9861 10 apo:) anUSASH 18uJglul 94110 8V uOROBS 10 Bumeew at4i uit4i!m ,puoq 95eii!qje,, ue is authorized to execute and deliver on behalf of the such letters to, or agreements with, the securities depository as shall be necessary to effectuate such book -entry system. The may remove the securities depository at any time. In case at any time the securities depository shall resign or shall be removed or shall become incapable of acting, then the shall appoint a successor securities depository to provide a system of book -entry only transfers for the bonds, by written notice to the predecessor securities depository directing it to notify its participants (those persons for whom the securities depository holds securities) of the appointment of a successor securities depository. The may terminate the system of book -entry only transfers for the bonds at any time, by written notice to the securities depository directing it to notify its participants of the availability of bond certificates. In such event, the shall issue and the bond registrar shall authenticate, register and deliver to the beneficial owners of the bonds, bond certificates in replacement of such beneficial owners' beneficial interests in the bonds, all as shown in the records maintained by the securities depository. Section 19. Ordinance to Constitute a Contract. The provisions of this ordinance shall constitute a contract between the Village and the registered owners of the 1994 Bonds. Any pledge made in this ordinance and the provisions, covenants and agreements herein set forth to be performed by or on behalf of the Village shall be for the equal benefit, protection and security of the owners of any and all of the 1994 Bonds. All of the 1994 Bonds, regardless of the time or times of their issuance, shall be of equal rank without preference, priority or distinction of any of the 1994 -6Z- ')IJ910 96ell!A #V :lsauv IUSP!SGJd 05ell!A (IV3S) V66 L 'Z 43JeVY :WJOI 1914dwed ul, P94sllqnd :sAeN :smojjo� se GJOA Ilea ljoi Aq J-066 t l4ojeW ;o hep is L si4i peldopV 0 amel AqPGPIAoid jauuew 941 Ul GAL .139J49 awo3eq lle4s soueuipio S141 '918C] GAIJOG:W3 'ta U01139S '901"0 J84 ui uoiloodsui oilqnd JO; 109J041 saidoo Gig Ol pue wjol jelt4dwed ui soue tJ.'PJ0 S1,41 t4silqnd ol Z 10 POIDOMP pue PGzl,J04ine AqGJ84 sl )IjalC) 9BBIHA 941 -uo!ieo!lqnd -0 uO! 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Fields, Village Clerk of the Village of Mount Prospect, Illinois, hereby certify that the foregoing ordinance entitled: "Ordinance Authorizing the Issuance of $6,500,000 General Obligation Bonds, Series 1994A and $300,000 General Obligation Bonds, Series 1994B, of the Village of Mount Prospect, Illinois," is a true copy of an original ordinance which was duly adopted by the recorded affirmative votes of a majority of the members of the President and Board of Trustees of the Village at a meeting thereof,, which was duly called and held at 8:00 p.m. on March 1, 1994, in the Board Room at the Public Safety Building, and at which a quorum was present and acting throughout, and that said copy has been compared by me with the original ordinance signed by the Village President on March 1, 1994, and thereafter published in pamphlet form on March 2, 1994, and recorded in the Ordinance Book of the Village and that it is a correct transcript thereof and of the whole of said ordinance, and that said ordinance has not been altered, amended, repealed or revoked, but is in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Village this day of March, 1994. 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Janonis Page 2 Water and Sewer Fund - Available Fund Balances 4/30/84 - 4/30/95 of 1994/95 expenditures. If the transfer is made, the $2,298,235 balance would equal 35.6% of expenditures. Again, either amount is very adequate. When the $650,000 transfer to the General Fund was proposed in the 1993/94 budget, it was stated that the proposed transfer would not jeopardize the financial position of the Water Fund and that it was justified. The justification was based on the fact that the debt service on the 1973 general obligation bond issue has been paid by property taxes from the entire Village; whereas, it was primarily used for residents who received Village water and sewer service. Records are not available to document all the expenditures, from the bond proceeds, but several projects benefitting only Village water and sewer uses were identified. Because at least a portion of the bonds were used for water purposes, and they were paid by general property taxes, it is reasonable that surplus water funds could be returned to the General Fund. If the Village Board determines that the $650,000 transfer should be made from the Water Fund as authorized, the following two proposed 1993/94 budget amendments would be eliminated: Capital Improvement Fund: 51-077-52-9818 Transfer - General Fund $6501000 Water and Sewer Fund: 41-072-01-4229 Transfer - General Fund $(650,000) Because these two transactions offset each other, there would not be any change in the totals of the revenue or expenditure amendments as submitted. 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