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RESOLUTION NO, 71-93 <br /> A RESOLUTION APPROVING AN INDUSTRIAL PROJECT FOR THE <br /> BENEFIT OF LA-CO INDUSTRIES, INC. ( 1201 _PRATT <br /> WHEREAS, the Illinois Development Finance Authority (the "Authority") <br /> proposes to issue not to exceed $5,100,000 aggregate principal amount of <br /> its industrial development revenue bonds (the "Bonds") , the proceeds of <br /> which will be loaned to LA-CO Industries , Inc. for the purchase of land, <br /> the acquisition and renovation of an existing facility, and the purchase of <br /> new machinery and equipment (the "Project") , located at 1201 Pratt <br /> Boulevard, Elk Grove Village, Illinois; and <br /> WHEREAS, the Project will be operated by the Borrower and will be <br /> located at 1201 Pratt Boulevard, Elk Grove Village, Illinois 60007; and <br /> WHEREAS, the President and Board of Trustees of the Village of Elk <br /> Grove Village, Illinois desire to express their approval of the Project, <br /> pursuant to Section 6.1 of the Illinois Development Finance Authority Act, <br /> Chapter 48, Section 850.06-1 , Illinois Revised Statutes. <br /> NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees <br /> of the Village of Elk Grove Village, Counties of Cook and DuPage, State of <br /> Illinois as follows: <br /> Section 1: That the Project is hereby approved. <br /> Section 2: That all orders and resolutions and parts thereof in <br /> conflict herewith be and the same hereby are repealed, and this Resolution <br /> shall be in full force and effect forthwith upon its passage and approval , <br /> as provided by law. <br /> VOTES: AYES: 6 NAYS: 0 ABSENT:_ 0 <br /> PASSED this 23rd day of November 1993. <br /> APPROVED this 23rd day of November 1993. <br /> Dennis S Gallitano <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village Clerk <br />