HomeMy WebLinkAbout10/22/1974 VB minutes MINUTES OF THE SPECIAL MEETING
OF THE
MAYOR AND BOARD OF TRUSTEES
O~Ober 22~ 1974
CALL TO ORDER
'-~ Mayor Teiche~t ~led the meeting t° order at 8:07 PM.
INVOCATION
Trustee Hendricks gav~ the invocation.
This special meeting of the Mayor and Board of Trustees of the
Village of Mount Prospect was called by Mayor Teichert on
Friday, October 18, 1974 pursuant to Chapter 2 "The Board of
Trustees" Section 2.103 "Meetings" as specified in the Municipal
Code of Mount Prospect.
ROLL CALL
Present up0n~oll call: Teichert Anderson Caylor
Gustus Hendricks Richardson
Scholten
The purpose of the meeting was to determine the dollar amount
of a bond issue concerning municipal land acquisition.. Mayor
Teichert also stated two other matters would be considered;
namely, an ordinance concerning creation of a Downtown Re-
development Commission and authorization for the Village Attorney
to intervene in.litigation involving the Old Town Sanitary
District and the Metropolitan Sanitary District.
EXECUTIVE SESSION
At 8:18 PM May6r Teichert requested the Board to recess to
act as a Committee-of-the=Whole with the Library Board in
Executive Session. The Board reconvened at 9:15 PM.
Present upon roll call: Teichert Anderson Cay!or
Gustus Hendricks Richardson
Scholten
BOND ISSUE
Trustee Scholten, seconded by Trustee Richardson,.moved the
Board approve a $4,000,000.00 bond issue as per Table 3 of
the proposal from Paul D. Speer & Assoc. Inc. which would $4,000,000.
be over a 20-year period, based on a 6~% interest with an Bond Issue
average rate of 1.58.
Considerable discussion followed. Mr. John Parsons, President
of the Library Board, Mr. Robert McBride of the Planning
Commission, and the following citizens requested clarification
~-- of the action before the Board:
R. Pascoe, 12 S. Maple, R. Neitzke, 6 S. Maple, E. M. Karl,
' ~' i6 S. Maple, Hilda Lothary, 10 S. Maple, T. Marty, 14 S. Maple,
Oskar Lenhardt, 10 S. Maple, T. Schultze, 20 S. Maple, G. Neitzke,
2 S. Maple, E. Kruse, 4 S. Maple, ~F. Schmidt, 8 S. MaPle.
Roll Call vote on motion: Ayes: Richardson Scholten Anderson
Caylor Gustus Teichert
Nays: Hendricks
Motion Carried.
rustee GustuS, Seconded by Trustee Richardson, moved to waive
the rules to bring the subject of litigation to the floor.
Upon roll call: Ayes: Anderson Caylor Gustus Hendricks
RichardsonScholten
Motion Carried.
Mayor Teichert reported there is litiggtion between Old Town Old Town
Sanitary District in ProsPect Heights and the Metropolitan Sanitary
Sanitary District which would impose double taxation. Wheeling
has intervened ~n the suit o~er this jUrisdictionai question. --
Trustee Hendri~ks, seconded by Trustee Richardson, moved to
authoriZe the village Attorney to intervene in the same lit-
igation oX: behalf of the Village of MoUnt· Prospect.
Upon roll call: Ayes .... Anderson Caylor Gustus
Hendricks Richardson Scholten
Motion carried.
Trustee Richardson, seconded by Trustee Caylor, moved to waive
the rules to consider an ordinance for the creation of a Business
Business District Deve~lopment and Redevelopment CommissiOn, District
Upon Roll Call: Ayes: Anderson Caylor Gustus Hendricks Richardson Schol~en
Motion Carried.
Trustee SchOlten, seconded by Trustee RichardsOn, moved to
waive the rules requiring two readings of the above ordinance.
Upon roll call: Ayes: Caylor Gustus Hendricks
Richardson Scholten
Nays: Anderson
Motion carried.
Trustee Richardson, seconded by Trustee Scholten, moved for
passage of Ordinance No. 2532:
AN ORDINANCE AMENDING ARTICLES XIII OF CHAPTER FIVE OF THE MUNICIPAL CODE
Upon roll call: Ayes: Anderson Caylor Gustus
Hendricks Richardson Scholten
Motion Carried.
ADJOURNMENT
Trustee Scholten, seconded bY Trustee Hendricks, moved the meeting
be adjourned. Time: 11:00 PM. Unanimous.
DONALD W. GOODMAN, Village clerk --
OCTOBER 22, 1974