HomeMy WebLinkAboutRESOLUTION - 28-10 - 4/27/2010 - GENERAL OBLIGATION/BUILD AMERICA BONDSRESOLUTION NO. 28-10
A RESOLUTION AUTHORIZING THE RETAINING OF BOND COUNSEL AND
FINANCIAL ADVISOR FOR THE SALE OF APPROXIMATELY $13,000,000.00 OF
GENERAL OBLIGATION BONDS OR BUILD AMERICA BONDS FOR COSTS
ASSOCIATED WITH INFRASTRUCTURE IMPROVEMENTS AND VARIOUS CAPITAL
PROJECTS
WHEREAS, the Village intends to issue and sell General Obligation Bonds or Build America
Bonds in the approximate amount of $13,000.000.00 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, 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 27th day of April 2010.
APPROVED this 27th day of April 2010.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
PUBLISHED in pamphlet form this 30th day of April 2010.
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