HomeMy WebLinkAboutRes 02-09 02/17/2009
RESOLUTION 02-09
RESOLUTION expressing official intent regarding certain capital
expenditures to be reimbursed from proceeds of an obligation to be
issued by the Village of Mount Prospect, Cook County, Illinois.
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WHEREAS, the President and Board of Trustees (the "Corporate Authorities") of the
Village of Mount Prospect, Cook County, Illinois (the "Village "), has developed a list of capital
projects described in Exhibit A hereto (the "Projects "); and
WHEREAS, all or a portion of the expenditures relating to the Projects (the
"Expenditures") (i) have been paid within the 60 days prior to the passage of this Resolution or
(ii) will be paid on or after the passage of this Resolution; and
WHEREAS, the Village reasonably expects to reimburse itself for the Expenditures with
the proceeds of an obligation:
Now, THEREFORE, Be It and It Is Hereby Resolved by the President and Board of
Trustees of the Village of Mount Prospect, Cook County, Illinois, in the exercise of its home rule
powers, as follows:
Section 1. Incorporation of Preambles. The Corporate Authorities hereby find that all
of the recitals contained in the preambles to this Resolution are full, true and correct and does
incorporate them into this Resolution by this reference.
Section 2. Intent to Reimburse. The Village reasonably expects to reimburse the
Expenditures with proceeds of an obligation.
Section 3. Maximum Amount. The maXImum principal amount of the obligation
expected to be issued for the Projects is $2,500,000.00.
Section 4. Ratification. All actions of the officers, agents and employees of the
Village that are in conformity with the purposes and intent of this Resolution, whether taken
before or after the adoption hereof, are hereby ratified, confirmed and approved.
Section 5. Severability. If any section, paragraph, clause or provision of this
Resolution shall be held invalid, the invalidity of such section, paragraph, clause or provision
shall not affect any ofthe other provisions of this Resolution.
Section 6. Repealer. All ordinances, resolutions or orders, or parts thereof, in conflict
with the provisions of this Resolution are to the extent of such conflict hereby repealed.
Section 7. Effective Date. This Resolution shall be in full force and effect immediately
upon its passage and approval.
AYES: Hoefert, Juracek, Korn, Matuszak, Polit, Zadel.
NAYS: None
ABSENT: None
ADOPTED: February 17, 2009
ApPROVED: February 17,2009
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resident, Village of Mount Prospect
Cook County, Illinois
Recorded In Village Records: February 17,2009.
ATTEST:
Village Clerk, Villag
Cook County, Illinois
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EXHIBIT A
DESCRIPTION OF CAPITAL PROJECTS
Construct and equip a replacement fire station, expand the public works facility and
relocate the emergency operations center.
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