HomeMy WebLinkAboutRes 18-67 03/28/1967
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PESOLu'rION
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VJHEREAS, on December 4, 1962, the President and Board of
Trustees of the Village of Mount Prospect adopted Ordinance }~.884
granting a franchise from the date thereof until January 1, 1987, to the
Utility Sewer and Hater Corporation, an Illinois corporation, granting the
said corporation the franchise, right and privilege of mmins, operating and
maintaining a ,,'rater works and l'J<3.ter distrj.bution system in a portion of the
Village of ~.~ount Prospect described in a certain Exhibit fie attached to the
said Ordinance No. 884; and
T:JHEREAS, under and by virtue of Section 16 of the said Ordinance
No. 884, the Village of Mount Prospect \"as given the right arld option to
purchase the said water works and water distriblltion system for the price
of $350 per metered single-family residence customer and $100 for each
apartment unit customer, and for industrial and comnercial customers j.n
accordance with a formula set forth therein; and
VJllEREAS, the said rig)1t and option to purchase the said water
works and water distribution system must, under and by virtue of the said
Section 16 of the said Ordinance No. 884, be exercised by the giving of at
least 90 days notice to the said Utility Sewer and Water Corporation prior
to July 1, 1967; and
vmEREAS, under and by virtue of Ordinance No. 906, passed cilld
approved ~hy 14, 1963, the President and Board of 'Unlstees of the Village
of Mount Prospect authorized the acquisition, construction, maintenance and
operation of a combined water works and sewage system; and
1;,IEEPEAS, the President and Board of Trustees of the Village of
F:ount Prospect are of the opinion that the public health and general welfare
of the residents of the Village of f10unt Prospect will be best served by the
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acquisitiorl.of the Utility Sewer and Water Corporation pursuant.to the option
hereinabove described and the combination of its water works and water
distribution system with the combined water works and sewage system of the
Village of ]\~ount Prospect; and
~~lliREAS, the President and Board of Trustees of the Village of
Mount Prospect have determined to exercise the option granted under and by
virtue of the aforesaid Ordinance No. 884.
NOW, THEREFO:RE, BE IT :RESOLVED BY THE PRESIDENT AND BOAP.D OF'
TRUSrrEES OF THE VILLAGE OF MOUNT PROSPECT:
SECTION o~m: The Village of Mount Prospect shall exercise its
rierpt and option to purcr..ase the vrater works and water distribution system
of the Utility Sewer and Water Corporation granted under and by virtue of the
terms of Section 16 of Ordin~nce No. 884 of the Village of Mount Prospect,
passed and approved on December 4, 1962, on the terms and conditions therein
set forth.
SEC'l'ION T\'JO: The Village Clerk be, and he is hereby, authorized
ar.d directed to give notice to the Utility Sewer and v~ter Corporation of the
determination of the President and Board of 'I'rustees of the VUlage of !\'bunt
Prospect to exercise the above-described option by trans~itting a certified
copy of this Resolution to the Utility Sewer and vlater Corporation.
SECTION THREE: This Resolution shall be in full force and effect
from and after its passage and approval in the wanner provided by law.
AYKS: b
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NAYS:
PASSED this J f day of /J;..4..A_e-t- , 1967.
APPROVED this 1.j day of ~71~~,;.~:.~...I , 1967.
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Village Clerk