1981-007e
ORDINANCE NO. 81 -7
AN ORDINANCE AMENDING ORDINANCE 81 -4
NOW, THEREFORE BE IT ORDAINED BY THE PRESIDENT and BOARD of
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK and LAKE COUN-
TIES, ILLINOIS:
SECTION 1. Section 2 and Section 3 of Ordinance 81 -4 are
hereby amended to read as follows:
Section Two: The Village of Buffalo Grove hereby de-
clares its intention to obligate itself to bear its
proportionate share of Commission development costs,
including, but not limited to, plans, feasibility re-
ports and engineering and legal fees, and in accord-
ance with such intention hereby obligates itself to
pay immediately the specific amount of $33,333 in one
lump sum as Buffalo Grove's share of certain develop-
ment costs incurred by the Commission for the afore-
said purposes. Pursuant to such obligation, the Village
Manager is hereby directed to cause a check in the a-
mount of $33,333 and signed by the appropriate Village
officers to be issued and delivered to the Northwest
Water Commission.
Section Three: Also pursuant to the aforesaid obliga-
tion, and in the exercise of its home rule powers and
its powers and authority under the Intergovernmental
Cooperation provisions of Article VII, Section 10 of
the 1970 Illinois Constitution and the Illinois Inter-
governmental Corporation Act (Ill. Rev. Stat. ch. 127,
s741 et seq.) the Village of Buffalo Grove hereby ob-
ligates itself to pay the specific amount of $1,035,400.00
on or about April 27, 1981, as its proportionate share of
the interim financing necessary for additional Commission
development costs, including but not limited to legal, -
engineering and financial consultant fees, administrative
expenses and right -of -way acquisition costs, and as es-
tablished in the Northwest Water Commission Financing
Report prepared for the Commission by Duff and Phelps,
Speer & Co. and dated January, 1981, (hereinafter referred
to as the "Financial Report:); including Buffalo Grove
supplement as Exhibit "A ", provided, however, that such
obligations shall be contingent upon the obligations of
the Villages of Arlington Heights, Palatine and Wheeling
to pay, on or about April 27, 1981, their proportionate
shares as established by said Financial Report.
SECTION 2. This Ordinance shall be in full force and effect
immediately after its passage and approval in the manner provided
by law.
AYES: 6 - Marienthal, Stone, O'Reilly, Hartstein, Kavitt, Gerschefske
NAYES : 0 - None
ABSENT: 0 - None
PASSED: March 16 , 1981.
APPROVED: March 16 9 1981.
-Z-
1
VILLAGE PRESIDEN -
ATTEST:
L
"VILLAGE CLERK
I
ORDINANCE- NO. '81- 7
AN ORDINANCE AMENDING ORDINANCE 81 -4
NOW, THEREFORE BE IT ORDAINED BY THE PRESIDENT and BOARD of
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK and LAKE COUN-
TIES, ILLINOIS:
SECTION 1. Section 2 and Section 3 of Ordinance 81 -4 are
hereby amended to read as follows:
Section Two: The Village of Buffalo Grove hereby de-
clares its intention to obligate itself to bear its
proportionate share of Commission development costs,
including, but not limited to, plans, feasibility re-
ports and engineering and legal fees, and in accord -
ance with such intention hereby obligates itself to
pay immediately the specific amount of $33,333 in one
lump sum as Buffalo Grove's share.of certain develop-
ment costs incurred by the Commission for the afore-
said purposes. Pursuant to such obligation, the Village
' Manager is hereby directed to cause a check in the a-
mount of $33,333 and signed by the appropriate Village
officers to be issued and delivered to the Northwest
Water Commission.
Section Three: Also pursuant to the aforesaid obliga-
tion, and in the exercise of its home rule powers and
its powers and authority under the Intergovernmental
Cooperation provisions of Article VII, Section 10 of
the 1.970 Illinois Constitution and the Illinois*Inter
governmental Corporation Act (Ill. Rev. Stat. ch. 127,
s741 et seq.) the Village of Buffalo Grove hereby ob-
ligates itself to pay the specific amount of $1,035,400.00
on or about April 27, 1981, as its proportionate share of
the interim financing necessary for additional Commission .
development costs, including but not limited to legal,
engineering and financial consultant fees, administrative
expenses and right -of -way acquisition costs, and as es-
tablished in the Northwest Water Commission Financing
Report prepared for the Commission by Duff and Phelps,
Speer & Co. and dated January, 1981, (hereinafter referred
to as the "Financial Report:); including Buffalo Grove
supplement as Exhibit "A ", provided, however, that such
obligations shall be contingent upon the obligations of
the Villages of Arlington Heights, Palatine and Wheeling
to pay, on or about April 27, 1981, their proportionate
shares as established by said Financial Report.
SECTION 2, This Ordinance shall be in full force and effect
immediately after its passage and approval in the manner provided
by law.
AYES: 6 - Marienthal, Stone, O'Reilly., Hartstein, Kavitt, Gerschefske
NAYES: 0 None
ABSENT: 0 - None
PASSED: March 16 1981.
APPROVED: March 16 1981.
VILLAGE PRESIDENl� '
ATTEST:
"VILLAGE CLERK