HomeMy WebLinkAboutRESOLUTION - 57-90 - 8/28/1990 - INDUSTRIAL REVENUE BOND RESOLUTION 57-90
A RESOLUTION APPROVING AN INDUSTRIAL PROJECT FOR THE
BENEFIT OF FIELD CONTAINER CORPORATION
WHEREAS, the Illinois Development Finance Authority (the "Authority")
proposes to issue not to exceed $4,000,000 aggregate principal amount of
its tax-exempt industrial revenue bonds (the "Bonds"), the proceeds of
which will be loaned to Field Container Corporation, for the purpose of
providing funds to finance the acquisition and installation of new machinery
and equipment for the company's manufacturing facility located at 1500
Nicholas Boulevard, Elk Grove Village, Illinois; and
WHEREAS, the President and Board of Trustees 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, Section
850.01 et seq, Illinois Revised Statutes 1987.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cock 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herewith be and the same hereby are repealed, and this Resolution shall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: Joseph T. Bosslet, Ronald L. Chernick,
Nancy J. Czarnik, James P. Petri, Michael A. Tosto
NAYS: 0 ABSENT: Gallitano
PASSED this 28th day of August , 1990.
APPROVED this 28th day of August , 1990.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk