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1967-02-14 - Village Board Regular Meeting - Minutes /2/5 MINUTES OF AN ADJOURNED REGULAR MEETING OF THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF COOK AND LAKE, ILLINOIS, HELD TUESDAY, FEBRUARY 14, 1967, AT THE MUNICIPAL SERVICE CENTER, 150 N. RAUPP BLVD. , BUFFALO GROVE, ILLINOIS. The meeting was called to order at approximately 9:00 P.M. In the absence of the Village Clerk, the Deputy Clerk acted as Clerk Pro-tem. The Deputy Clerk called the roll and the following were present: President Farrington; Trustees Weiskopf, Marsh, Wilhelm, Lewis ABSENT: Huxhold ld Trustee Hu Trustee Palmer resigned. Trustee Weiskopf moved that the usual formalities be dispensed. It was seconded by Trustee Lewis, voted on and carried unani- mously. President Farrington read the proposed ordinance vacating certain streets from the original plat of the Levitt portion of the Glen Grove development. The streets to be vacated are known as Weidner Court, Bel Aire Drive and Bernard Court East. After some discussion, Trustee Wilhelm moved that Ordinance No. 0-67-2 be approved as read. Trustee Lewis seconded, and on roll call the vote was as follows : AYES : Trustees Weiskopf, Marsh, Wilhelm, Lewis NAYS: None President Farrington then read a letter from Levitt & Sons in which they stated that they would comply with the Sub- division Regulation Ordinance by placing permanent monuments within the subdivision and installing the improvements required. The letter further read that the Chase Manhattan Bank will soon issue its Letter of Credit in the amount of $168, 512 .25 which is the engineer ' s estimate of all improve- ments . President Farrington also stated that we have received a check in the amount of $1,053 .20 which is 5/8% of the estimated improvements . /z-; 1 Law) /0/' The Plan Commission has recommended that the preliminary plat for Strathmore Unit 1 be approved. Engineer Hooper stated that all necessary documents that were missing at the last Board meeting are now here. Trustee Marsh moved that the preliminary plat for Strathmore Unit 1 be approved as submitted. Trustee Weiskopf seconded the motion, and on roll call the vote was as follows: �•/ AYES: Trustees Weiskopf, Marsh, Wilhelm, Lewis NAYS: None Mr. Raysa stated that he had a contract agreement for leasing the waterworks system. He stated that the con- tract was returned to him with the lift station eliminated. Mr. Hooper stated he believes Mr. Friedman intends to include this . Mr . Raysa will return the contract and attempt to have the lift station included. He will also try to get the Village control of the connections . Mr. Raysa stated we should go through with selling the bonds, and that the contract is passable short of the lift station. President Farrington read the contract. Discussion followed on whether we should have to pay the 6% before the revenues go up that high. Mr. Raysa stated that the interest rate should coincide with the contents of the pre-annexation agreement, and he will try to have the interest rate reduced to 5-1/2%. He stated that he will remodel the contract so that we will have the final sayso so that we can service the area, reduce the interest rate to 5-1/2/, and include the lift station. He will go back to their attornies to have these inclusions approved. In the mean- time, the Board should approve the present contract with the paragraph he will insert. Mr. Weiss of Levitt & Sons informed the Board that the 1 site on which they plan to build their models is not in the v Village of Buffalo Grove. If High School District 214 will annex their property, then the land that Levitt is plan- ning on using could also be annexed. His feelings after attending the last Board meeting of District 214 was that the District was not in any hurry to annex. This puts Ao/' Levitt & Sons into quite a spot. Mr. Weiss proposed that the Village lease Lot B which is currently a school site to Levitt so they may build their models. At the expiration of the lease, Levitt & Sons would remove their model homes or trade another area comparable in size subject to approval . Superintendent Gill of District 21 stated it would be three years at the most before the District would need the land for a school. President Farrington read the new portion of the contract for the waterworks system. It ties in the lift station and gives final authority to the Village. Trustee Weiskopf moved that the contract as amended be approved. The purpose of the contract is to arrange for the method of payment for the installation of a sewer and lift station to service what is commonly known as the Cook County portion of Glen Grove. The motion was seconded by Trustee Lewis . Discussion followed during which Trustee Marsh stated that he does not feel the contract should be executed until the inclusions the Board added are agreed upon by the partnership. Presi- dent Farrington stated the Board should not overlook the purpose for which we are negotiating. We must go into the utility business if we are to govern our own destiny. On roll call the vote was as follows : AYES: Trustees Weiskopf, Wilhelm, Lewis; President Farrington NAYS: Trustee Marsh Trustee Marsh left the meeting at approximately 10:30 P.M. President Farrington stated that the last consideration is obtaining a site for model homes for Levitt & Sons. Mr. Weiss stated that the most reasonable suggestion made tonight is that the Lot known as B be leased to Levitt & Sons for a period of 2 years to be used as a model home site that will not interfere with any school move. At the end of that time, the homes would be removed and it will then be used as a school site. Another answer would be for Levitt to offer another school site so they could keep the first site as a normal home site and continue to sell until the models are sold. Mr. Gill stated that he is not apposed to this idea. It would be more profitable to the builder, but at the same time it should be made profitable to the school district. Mr. Weiss stated that they would like a nominal rental fee. President Farrington stated that since everyone involved was in general accord, Mr. Weiss should take back l , to his office and principals everything that was said to- night. Mr. Farrington further stated that Mr. Weiss should have the contract written and bring it back to the next Board meeting. Mr . Benjamin from Benjamin & Lang announced that they had worked up maturity schedules for the Municipal Building project. There are even levies and end-loaded levies . He stated that there is radical growth expected in the next several years . He estimated that the assessed valu- ation in 1970 would be $21,000,000 .00, and the present taxpayers would benefit from the end-load. He stated that even with the end-load, the first year would be more expen- sive than the other years . His advice would be to use the end-load levy. It was decided by the Board after discussion that the Board prefers the end-load. Mr. Raysa stated that the report from Consoer Townsend should be done in about ten days . Trustee Weiskopf moved that the meeting be adjourned. Trustee Lewis seconded and the vote was unanimous . Respectfully submitted, Deputy Village Clerk TIME: Approx. 11:00 P.M. f/'71f i I �' i i i