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2011-26x Resolution No. 2011 -26 RESOLUTION FOR PARTICIPATION IN STATE OF ILLINOIS FEDERAL SURPLUS PROPERTY PROGRAM WHEREAS, the Village of Buffalo Grove has limited fiscal resources available for the procurement of heavy -duty construction equipment, vehicles, commodities, and other property; and WHEREAS, the State of Illinois' Federal Surplus Property Program offers a variety of surplus property at approximately 5 -25 percent of the acquisition value, effectively reducing program costs by acquiring items that have been used to their life expectancy or property that must be replaced for safety or economic reasons; and WHEREAS, the Village of Buffalo Grove agrees to the following terms and conditions: to use the surplus property only in the official program which it represents; and upon receipt, agrees to place the surplus property into use within one year; and it agrees that the property shall be used for a period of one year (certain items, eighteen months); that it agrees it will not sell, loan, trade or tear down the property without written consent from the State of Illinois; and WHEREAS, the Village of Buffalo Grove understands that surplus property must be used in an authorized program and that personal use or non -use of surplus property is not allowed; NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Buffalo Grove, Lake and Cook Counties, Illinois do hereby consent and decree that the Village of Buffalo Grove is authorized to participate in the State of Illinois Federal Surplus Property Program. Ayes: 6 — Berman Trilling Sussman Terson Stein Ottenheimer Nayes: 0 -None Absent: 0 -None Passed: July 11, 2011. Approved: July 11, 2011 ini ATTEST: Villag erk