HomeMy WebLinkAboutRESOLUTION - 19-21 - 3/23/2021 - Obligation Bonds Series 2012 & 2013RESOLUTION NO. 19-21
A RESOLUTION AUTHORIZING THE RETAINING OF BOND COUNSEL AND
FINANCIAL ADVISOR FOR THE SALE OF GENERAL OBLIGATION BONDS NOT TO
EXCEED $45,500,000 FOR COSTS ASSOCIATED WITH REFUNDING A PORTION OF
BOND SERIES 2012 AND SERIES 2013, ALONG WITH VARIOUS CAPITAL PROJECTS
WHEREAS, the Village intends to issue and sell General Obligation Bonds not to exceed
$45,500,000 for infrastructure improvements and various capital projects; and
WHEREAS, it is deemed advisable and in the best interest of the Village to accept the
proposal of Katten Muchin Rosenman LLP as Bond Counsel and accept the proposal of Speer
Financial, Inc. as Financial Advisor to the Village.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the
Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois as follows:
Section 1: The Preambles to this Resolution are hereby incorporated by reference herein.
Section 2: That the Village accepts and approves the proposal of Katten Muchin Rosenman
LLP as Bond Counsel for the above -referenced bond issue.
Section 3: That the Village accepts and approves the proposal of Speer Financial, Inc. as
Financial Advisor for the above -referenced bond issue.
Section 4: That the Director of Finance is hereby authorized to advise Katten Muchin
Rosenman LLP and Speer Financial, Inc. of the Village's acceptance of their proposals as Bond
Counsel and Financial Advisor respectively.
Section 5: That this Resolution shall be in full force and effect from and after its passage,
approval and publication form in the manner provided by law.
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 23,d day of March 2021.
APPROVED this 23rd day of March 2021.
APPROVED:
Mayor Craig B. Johnson
ATTEST: Village of Elk Grove Village
Loretta M. Murphy, Village Clerk By: Jennifer S. Mahon, Deputy Village Clerk
PUBLISHED in pamphlet form this 26t' day of March 2021.