HomeMy WebLinkAboutRes 16-94 04/19/1994 BH/caf
4~4~94
4119/94
RESOLUTION NO. 16-94
A RESOLUTION DISSOLVING THE MOUNT PROSPECT
CULTURAL TRUST COOPERATIVE
WHEREAS, the Village of Mount Prospect became signatory on February 9, 1993 to
an agreement known as the Mount Prospect Cultural Trust Cooperative Agreement;
and
WHEREAS, the purpose of the Agreement was to provide an intergovernmental
approach to the implementation of cultural projects, especially the building and
maintenance of a community auditorium; and
WHEREAS, numerous legal and financial problems have arisen with respect to the
establishment of the auditorium.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Village of Mount Prospect's participation in the Mount Prospect
Cultural Trust Cooperative and the Mount Prospect Cultural Trust Cooperative
Agreement is hereby withdrawn and terminated in contemplation of the dissolution of
the Mount Prospect Cultural Trust Cooperative along with any agreements and
adoption of By-Laws that may have been established among the constituent members.
SECTION TWO: This Resolution shall be legally effective to cause Mount Prospect's
vote to dissolve as contemplated by Article VI of the Mount Prospect Cultural Trust
Cooperative Agreement.
SECTION THREE: This Resolution shall incorporate such waivers of rules as may be
necessary to effect the dissolution of the Mount Prospect Cultural Trust Cooperative
not later than June 30, 1995.
SECTION FOUR: This Resolution shall be effective to relieve the Village of Mount
Prospect of any undertakings, financial or otherwise, that another party may claim that
it has pursuant to its participation in the attempted establishment of the Mount Prosect
Cultural Trust Cooperative.
SECTION FIVE: That this Resolution shall be in full force and effect from and after its
passage and approval in the manner provided by law.
AYES: Clowes, Corcoran, Hendricks, Hoefert, Skowron, Wilks
NAYS: None
ABSENT: None
PASSED and APPROVED this 19th day of April, 1994.
Carol A. Fields, Village Clerk