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RESOLUTION NO. 3-60 <br />RESOLUTION EMPLOYING PAUL D. SPEER <br />WHEREAS, the President and the Board of Trustees of the Village <br />of Elk Grove Village, Cook County, Illinois, believe it is to the best in- <br />terest of the Village to employ a municipal finance consultant for the pur- <br />pose of advising them and promoting bond issues now in contemplation; and <br />WHEREAS) Paul D. Speer, a municipal finance consultant, has of- <br />fered his employment to said Village on terms specified in letters directed <br />to the President and Board of Trustees dated January 5, 1960 and March 30, <br />1960 (the letter of March 30) 1960 amending the letter of January 5, 1960 in <br />certain respects as indicated therein); and <br />WHEREAS, said letters have been filed with the Village Clerk of <br />the Village of Elk Grove Village and are hereby incorporated by reference; <br />NOW, THEREFORE, BE IT RESOLVED by the President and the Board c.f <br />Trustees of the Village of Elk Grove Village that Paul D. Speer be and is <br />hereby employed as Municipal Finance Consultant for the duties and on the <br />terms and for the period specified in his letters of communication dated <br />January 59 1960 and March 30, 1960. <br />AND BE IT FURTHER RESOLVED that this resolution shall be in full <br />force and effect from and after its adoption and approval according to law. <br />Vote: Ayes 6 Naso -0-, Absent -0- <br />ADOPTED this 11th day of April, 1960 <br />APPROVED this 11th day of April, 1960 <br />ATTEST., <br />2%' Dolores L. Oberg <br />Acting Village Clerk <br />/s/ Charles A. Hodlmair <br />President <br />THE FOLLOWING IS THETEXT OF THE LETTERS CF JANUARY 5, 1960 and MARCH 30, 1963 <br />referred to above: <br />January 5, 1964 <br />PAUL D. SPEER <br />Municipal Finance Consultant <br />33 S. Clark Street <br />Chicago 3, illinois <br />We understand that you contemplate a series of permanent capital improvement <br />projects in your Village including the acquisition of the existing privately <br />owned sewerage system, acquisition of Fire Department equipment and housing <br />therefor, possible construction of other public buildings and various improve- <br />ments not listed herein. As independent and professional municipal finance <br />consultants, we hereby offer you our services to be rendered from time to <br />time in connection with all maters pertaining to the financing of any such <br />improvements. <br />In order to maintain an independent, objective and professional viewpoint we <br />refrain as a matter of firm policy from any purchase or sale of any bonds at <br />any time for our own account. Since we never act as underwriters we are <br />-1- Res. #3-60 <br />