1981-03-03 - Resolution 1981-10 - APPOINTING THE FIRM OF R.V. NORENN AND ACCOCIATES TO ACT AS FINANCIAL CONSULTANT FOR WATER WORKS SYSTEM FINANCING _
RESOLUTION NO. 81 - 10
A RESOLUTION APPOINTING THE FIRM OF R. V. NORENE AND
ASSOCIATES TO ACT AS FINANCIAL CONSULTANT FOR WATER-
WORKS SYSTEM FINANCING
WHEREAS, the Village of Buffalo Grove will be required to develop
both the interim and permanent financing relative to the acquisition and
transmission of Lake Michigan Water from the Northwest Water Commission; and
WHEREAS, as part of this effort , a concise financial program will
have to be developed to secure the necessary funding through the public
marketplace; and
WHEREAS, several financial consultants have been contacted by the
Village of Buffalo Grove regarding a proposed scope of work to be provided
the Village on waterworks system financing.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, THAT:
1) The Village appoint R. V. Norene and Associates of Glenview,
Illinois to act as financial consultants to the Village of Buffalo Grove
regarding the development, analysis, and securing of the required capital
funding for the Village's Lake Michigan water acquisition program.
2) That the proposal dated January 14, 1981 be adopted as the
scope of work to be performed by R. V. Norene and Associates in the overall
implementation and execution of the Village's Lake Michigan water acquisition
program.
AYES: 4 - Marienthal , Stone, Hartstein, Kavitt
NAYES: 0 - None
ABSENT: 2 - O' Reilly, Gerschefske
PASSED: March 2 , 1981 .
APPROVED: March 2 , 1981 .
Village President
ATT E CN
)41A:11/1 .
Village Clerk
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