HomeMy WebLinkAboutRESOLUTION - 47-17 - 8/15/2017 - General Obligation bonds RESOLUTION NO. 47-17
A RESOLUTION AUTHORIZING THE RETAINING OF BOND COUNSEL AND FINANCIAL
ADVISOR FOR THE SALE OF APPROXIMATELY $60,000,000.00 OF GENERAL OBLIGATION
BONDS FOR COSTS ASSOCIATED WITH INFRASTRUCTURE IMPROVEMENTS AND VARIOUS
CAPTIAL PROJECTS
WHEREAS,the Village intends to issue and sell General Obligation Bonds in the approximate amount
of$60,000,000.00 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, 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: 4 NAYS: 0 ABSENT: 2
PASSED this 15th day of August 2017.
APPROVED this 15th day of August 2017.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy,Village Clerk
PUBLISHED in pamphlet form this 18th day of August 2017.