HomeMy WebLinkAboutRESOLUTION - 43-07 - 7/17/2007 - BOND COUNSEL/FINANCIAL ADVISORRESOLUTION NO. 43-07
A RESOLUTION AUTHORIZING THE RETAINING OF BOND COUNSEL AND
FINANCIAL ADVISOR FOR THE SALE OF APPROXIMATELY $30,000,000 OF
GENERAL OBLIGATION BONDS FOR COSTS ASSOCIATED WITH THE
CONSTRUCTION OF THE VILLAGE OF ELK GROVE VILLAGE'S NEW
ADMINISTRATION AND PUBLIC SAFETY COMPLEX
WHEREAS, the Village intends to issue and sell General Obligation Bonds in
the approximate amount of $30,000,000 for the new Administration and Public Safety
Complex: and
WHEREAS, Village staff has requested proposals for Bond Counsel and
Financial Advisor to assist the Village with the issuance of said Bonds; 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
Speer Financial, Inc. as Financial Advisor, copies of said proposals being attached hereto
and incorporated herein.
NOW, THEREFORE BE IT RESOLVED by the Mayor and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, 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 and approval according to law
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 17th day of July 2007.
APPROVED this 17th day of July 2007.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
Published this 20th day of July 2007 in Pamphlet form.
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