1981-03-02 - Resolution 1981-11 - ACCEPTING THE FIRM OF ASHAM, LINCOLN & BEALE AS BOND COUNSEL FOR VBG RESOLUTION NO. 81 - 11
A RESOLUTION ACCEPTING THE FIRM OF ( SHAM, LINCOLN, & BEALE
AS BOND COUNSEL FOR THE VILLAGE OF BUFFALO GROVE
WHEREAS, the Village of Buffalo Grove will be issuing either general
obligation or revenue bond debt to finance both its contribution to the
Northwest Water Commission and future system improvements relative to the
acquisition of Lake Michigan water; and
WHEREAS, to properly prepare and market such debt issues, it will
be necessary for the Village to retain a reputable bond counsel with expertise
in municipal security issuance.
NOW, THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, THAT:
1 ) The Village appoint (sham, Lincoln, & Beale of Chicago, Illinois
to act as bond counsel to the Village of Buffalo Grove regarding the develop-
ment and issuance of debt financing relative to all aspects of the Lake
Michigan water acquisition program.
2) That the letter dated February 24, 1981 be adopted as the outline
of services to be performed by Isham, Lincoln, & Beale in these endeavors.
AYES: 4 - Marienthal , Stone, Hartstein, Kavitt
NAYES: 0 - None
ABSENT: 2 - O'Reilly, Gerschefske
PASSED: March 2 , 1981 .
APPROVED: March 2 , 1981 .
Village President
ATTEST:
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