HomeMy WebLinkAboutRESOLUTION - 73-95 - 12/12/1995 - INDUSTRIAL DEVELOP. REVENUE BONDS RESOLUTION NO. 73-95
A RESOLUTION APPROVING AN INDUSTRIAL PROJECT FOR THE
BENEFIT OF BHAGVAN H. PATEL C/O AMITRON CORPORATION
(1717 BUSSE ROAD)
WHEREAS, the Illinois Development Finance Authority (the "Authority")
proposes to issue not to exceed $2,500,000 aggregate principal amount of
its Industrial Development Revenue Bonds (the "Bonds") , the proceeds of
which will be loaned to Bhagvan H. Patel c/o Amitron Corporation for the
purpose of providing funds to finance the acquisition of approximately 8.9
acres of land, the purchase and renovation of an existing approximately
206,000 square foot manufacturing facility (the "Project") and to pay
expenses related to the issuance of the bonds; and
WHEREAS, the Project will be operated by the Borrower and will be
located at 1717 Busse Road, Elk Grove Village, Illinois 60007; and
WHEREAS, the President and Board of Trustees of the Village of Elk
Grove Village, Illinois desire to express their approval of the Project,
pursuant to Section 6.1 of the Illinois Development Finance Authority Act,
Chapter 48, Par. 850.01, Illinois Revised Statutes.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of
Illinois as follows:
Section 1 : That the Project is hereby approved.
Section 2: That all orders and resolutions and parts thereof in
conflict herewith be and the same hereby are repealed, and this Resolution
shall be in full force and effect forthwith upon its passage and approval ,
as provided by law.
VOTES: AYES: Ronald L. Chernick, Nancy J. Czarnik, Craig B. Johnson
Samuel L. Lissner, James P. Petri, Paul A. Rettberg
NAYS: -0- ABSENT: -0-
PASSED this 12th day Of December 1995.
APPROVED this 12th day Of December 1995.
Dennis J. Gallitano
Village President
ATTEST:
Patricia S. Smith
Village Clerk
STATE OF ILLINOIS )
COUNTIES OF COOK AND DUPAGE)
CERTIFICATION
I , Patricia S. Smith, the undersigned, do hereby certify that I am the
duly qualified and acting Clerk of the Village of Elk Grove Village, Cook
and DuPage Counties, Illinois (the "Village") , and as such Clerk I am the
keeper of the records and files of the President and Board of Trustees of
said Village.
I do further certify that the foregoing constitutes a full , true and
complete copy of Resolution No. 73-95 , entitled:
A RESOLUTION APPROVING AN INDUSTRIAL PROJECT FOR THE BENEFIT
OF BHAGVAN H. PATEL C/O AMITRON CORPORATION (1717 Busse Road)
I do further certify that the deliberations of the President and Board
of Trustees on the adoption of said Resolution were taken openly; that the
vote on the adoption of said Resolution was taken openly; that meeting was
a regular meeting of the President and Board of Trustees, at which time a
quorum was present; that said meeting was held at a specified time and
place convenient to the public; that said meeting was held in strict
accordance with provisions of "AN ACT in relation to meetings" approved
July 11, 1957, as amended, and that the President and Board of Trustees has
complied with all of the provisions of said Act and its procedural rules in
the adoption of said Resolution.
IN WITNESS WHEREOF, I have affixed my official signature and the
corporate seal of the Village, this 13th day of December 1995.
Patricia S. Smith
Village Clerk