1985-11-18 - Resolution 1985-63 - FIRST AMENDMENT TO BOND RESOLUTION AUTHORIZING $1,800,00 VBG, IL INDUSTRIAL DEVELOPMENT REVENUE BONDS (DELICE DE FRANCE, INC. PROJECT)PRESIDENT AND BOARD OF TRUSTEES
OF THE
VILLAGE OF BUFFALO GROVE
RESOLUTION NO. 8s_63
FIRST AI,IENDTIIENT TO
BOND RESOLUTION AUTHORIZING
$r,800,000
VILLAGE OF BUFFALO GROVE, ILLINOIS
INDUSTRIAL DEVELOPI,IENT REVENUE BONDS
(DELICE DE FRANCE, INC. PROJECT)
WEEREAS, on October 21, 1985 this body adoptedlution authorizing the issuance of S1,800,000 Village ofGrove, Illinois Industrial Development Revenue Bonds (De
France, Inc. Project) (the "Bonds"); and
a reso-
Buf fa 1olice de
WIIEREAS, said resolution set forthfor the Bonds; and
the naturity schedule
WHEREAS, Delice de f'rance, Inc. (the "Borrower" ) andthe purchaser of the Bonds have informed the Village of Buffalo
Grove (the "Issuer") that they desire a different maturity schedulefor the Bonds, and have requested that the Issuer anend saidresolutioni and
!{IIEREAS, given the purposes of the financing and the
involvement of the Issuer thereerith, this body is willing so to
acconmodate the Borrower and said purchaser; and
WHEREAS, pursuant to federal tax 1atr, the Issuer' as a
home rule unit, is assigned a limit on the aggregate principal
amount of tax-exempt Private activity bonds that it may issue,
and is empowered to allocate such limit to specific bond issues;
NOW, THEREFORE, BE IT RESOLVED, that Resolution No. 85-
55 of the President and Board of Trustees of the viltage of Buffalo
c.oue, entitled "Bond Resolution Authorizing $1,800,000 Village of
auffaio Grove, Illinois Industrial Development Revenue Bonds
(DeIice de Francer Inc. Project)" (the "Bond Resolution") is
hereby amended as folloers:
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1. Ihe lilaturity Table appearing in paragraph 4 of the
Bond Resolution shalL be amended to read as follot s:
Principal titatur i ty
Date
Pr incipal
Amount
be added to the Bond
There isf Section
May 1,
November 1,
May 1,
November I,
I{ay I,
Novenber 1,
May L,
November 1,
!{ay I,
November 1,
titay 1,
November 1,
uay 1,
November 1,
llay 1,
November 1,llay 1 ,
November 1,
L987
1987
19 88
19 88
1989
r989
1990
1990
19 91
19 91
L992
L992
199 3
1993
1994
199 4
199 5
1995
s 62,500
62,500
62,5O0
62,500
62,50O
52,500
125,000
r25,000
125,000
I25,000
125,000
125,000
125,000
125, 000
125,000
125,000
87,500
87,500
2. A new paragraph 20 sha1lResolution, reading as fo1lons :
Private Activit Bond Allocation.20.
hereby a l locate to the Bon Sr or PurPoses o103(n) of the Internal Revenue Code of 1954, as amended,
S1,800,000 of the fssuer's portion of the State ceiling
on private activity bonds. The Chief Municipal Officer
and the Clerk, or either of them, are authorized to
execute and deliver such documents as may be necessaryor appropriate to effectuate or evidence such allocation,including, rrithout limitation, a certification of no
consideration for such allocat ion.
The foregoing resolution of the President
Trustees of the Village of Buffalo Grove, Illinois,
approved and recorded on November L8, 1985.
and Board of
was adopted,
a7
PreS ent
1
erc
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8*^!r."*
I, Janet !tl. Sirabian, being first duly st{orn, do hereby
depose and certify that I am the duly elected, qualified and actingClerk of the Village of Buffalo crove, in the Counties of Lakeand Cook, State of I1linois, and as such I have in ny possession,or have access to, the complete corporate records of said Village
and of its President and Board of Trusteesi that I have carefully
compared the transcript hereto attached with the aforesaid cor-porate recordsi that said transcript hereto attached is a true,correct and complete copy of all the corporate records in reta-tion to the adoption of Resolution No. 85-63 entitled:
2. Said resolution was on the agenda for said meeting
and public notice thereof was given not less than 24 hours priorto the commencement of said meeting in conpliance with Section
42.02 of. Chapter L02 of the Illinois Revised Statutes, includingrwithout limitation, by posting on the bulletin board in the VillageIIa1l, and by notice to those news media who have filed a rrritten
request for notice of meetings.
3. Said meeting was ca1led to order by Verna L. Clayton,
President, who chaired the meeting. Upon ro11 I noted and recorded
that the following trustees tere present:
Marien!ha1 , O'Rei1ly, Reid, Shlelds, Kowalski
and that the following trustees were abEent:
Glover
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CERTIFICATIONS BY CLERK
FIRST AIITEND}IENT TO
BOND RESOLUTION AUTHORIZING
91,800,000
VILLAGE OF BUPFALO GROVE, ILLINOIS
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(DELICE DE FRANCE, INC. PROJECT)
I do hereby further depose and certify as follows:
1. Said resolution nas considered for adoption by the^-President and Board at a meeting held in the Village HaII at 7:3o
P.ltl. on November 18, 1985. Said meeting was a regular meeting-oEthe Board of Trustees and was held in open session in compliancewith Sections 41 - 46 of Chapter 102 of the Illinois Revised
Statutes.
I noted and recorded that a quorum eas present. Various matters
and business were taken up during the course of the meetingwithout intervention of any closed session. One of the matters
taken up was said resolution rrhich sas introduced and its adop-
t ion rras moved by Trustee Marienrhal , and seconded by
Trustee o I Reillv Following discussion and after alltrustees rho deEi iEd Eo tlo so had expressed their views for or
against said resolution, the question was ca11ed and upon ro11
being ca1Ied and the continued presence of a quorurn being noted,the recorded vote rras as folfows:
Nay :
Abstain:
the seal
1985.
gned my namelEth day of
and aff ixed
Novembe r ,
5 - Marlenthal, 0rReil1y, Reid, Shields, Kowalski
0 - None
ABSENT: 1 - Glover
Whereupon the President declared said resolution adopted,
and I so recorded it.
IN WITNESS }II{EREOF, I have siof the Village hereto on this
lMunicipal Seal I Clerk
ILLINOIS
cooK
Subscribed and srrorn to before me this dayr the date
last above rrr i t ten.
Nota r y Pu tcy corunission exPires:Mareh 6, 1989
lNotarial Sea L l
@'),.il It. N/a.Hd.t^,
STATE OF
COUNTY OF
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