HomeMy WebLinkAboutOrd 5190 05/15/2001 ORDINANCE NO. 5190
AN ORDINANCE AUTHORIZING THE SALE OR TRADE OF CAPITAL
EQUIPMENT OWNED BY THE VILLAGE OF MOUNT PROSPECT
Passed and approved by
the President and Board of Trustees
the 15th day of May, 2001
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
16TM day of May, 2001
ORDINANCE NO. 5190
AN ORDINANCE AUTHORIZING THE SALE OR TRADE OF CAPITAL EQUIPMENT
OWNED BY THE VILLAGE OF MOUNT PROSPECT
WHEREAS, in the opinion of the corporate authorities of the Village of Mount Prospect,
an Illinois home rule municipality, it is no longer necessary or useful to, or in the best
interests of the Village of Mount Prospect to retain ownership of certain capital
equipment commonly described as a 1971 Caterpillar Tracked Loader; and
WHEREAS, it has been determined by the Mayor and Board of Trustees of the Village
of Mount Prospect that the current minimum value of said capital equipment is $5,500;
and
WHEREAS, it has been determined by the Mayor and Board of Trustees of the Village
of Mount Prospect to sell or trade said capital equipment for legal tender, materials,
and/or services with a cumulative value of not less than $5,500;
NOW THEREFORE BE IT ORDAINED BY THE MAYOR AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: Pursuant to 65 ILCS 5/11-76--4, the Mayor and Board of Trustees of
the Village of Mount Prospect find that the capital equipment described herein, now
owned by the Village of Mount Prospect, is no longer necessary or useful to the Village
of Mount Prospect and the best interests of the Village of Mount Prospect will be served
by its sale or trade.
SECTION TWO: Pursuant to 65 ILCS 5/11-76-4, the Village Manager, or his designee,
is hereby authorized and directed to enter into an agreement to exchange the
aforementioned capital equipment for legal tender, materials, and/or services having a
cumulative value not less than $5,500.
SECTION THREE: No offer that has less value than $5,500 shall be accepted.
SECTION FOUR: Upon payment of the full price, or the complete exchange of
materials and/or services, the Village Manager or his designee is hereby authorized and
directed to convey and transfer title to the aforesaid capital equipment to the purchaser.
CAT Sale
Page 2/2
SECTION FIVE: This Ordinance shall be in full force and effect from and after its
passage, by a vote of a majority of the corporate authorities, and approval in the
manner provided by law.
AYES: Corcoran, Lohrstorfer, Skowron, Zadel
NAYS: None
ABSENT: Hoefert, Wilks
PASSED and APPROVED this 15th day of May, 2001.
illage President
ATTEST:
Velma ~vV. Lowe
Village Clerk
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