HomeMy WebLinkAbout2006-12-14 Special Meeting MinutesMorton Grove, Illinois
December 14, 2006
The President and Board of Trustees of the Village of Morton Grove, Cook County,
Illinois met at a special meeting at the Richard T. Flickinger Municipal Center, 6101 Capulina
Avenue, Morton Grove, Illinois, on December 14, 2006, at 6:00 o'clock P.M. The meeting was
called to order and there was present Richard Krier, Village President, presiding, and the
following Trustees: Georgianne Brunner, Daniel DiMaria, Roy Kogstad (arrived at 6:10 P.M.),
Rita Minx, Dale Senensky, and Daniel Staackmann; no Trustees were absent. Clerk Carol A.
Fritzshall was also present.
The President informed the Clerk and the Board of Trustees of the Village (the `Board")
that a Public Hearing was to be held at 6:00 P. M. on December 14, 2006, before the Board
concerning the intention of the Village of Morton Grove, Cook County, Illinois, to issue its
Variable Rate Demand Revenue Bonds in a principal amount not to exceed thirty million dollars
($30,000,000) for the purpose of financing costs of acquisition, construction, and equipping of
the Illinois Holocaust Museum and Education Center and related facilities (the "ProjecP') to be
owned by the Holocaust Memorial Foundation of Illinois, Inc., an Illinois not-for-profit
corporation (the `Borrower', and located in Skokie, Illinois. All who appeared at such meeting
were given an opportunity to express their views for or against the proposal.
Obligator's Counsel Howard J. Swibel introduced the project and presented a PowerPoint
presentation.
Statements in favor of the proposal were made by the following individuals:
Sam Harris, a holocaust survivor
Richard Hirschhaut, Illinois Holocaust Museum and Education Center
Larry Suffredin, Cook County Commissioner
Laura Burke, Village resident
John Thill, Village resident
Mr. Lee, Village resident
Christy Krier, Village resident
Objections to the proposal were made by the following individuals:
Patrick Kansoer, Village resident
David Conrad, Village resident
Joe Borst, Village resident
Wilma Wendt, Village resident
Special Counsel to the Village, Janet Goetz Hoffman, of the law firm Katten Muchin
Zavis Rosenman, answered questions from the Board. Mr. Swibel also answered questions from
the Board as did Frank Paul from KeyBanc Capital Markets.
Trustee Brunner moved to adjourn the Public Hearing, the motion was seconded by
Trustee Minx and approved unanimously pursuant voice vote at 7:58 P. M.
The Special Meeting resumed and President Krier announced the Board would consider,
as a second reading, the adoption of the Ordinance 06-46 entitled "Authorizing the Issuance and
Sale by the Village of Morton Grove, Cook County, Illinois of Not to Exceed $30,000,000
Cultural Facility Variable Rate Demand Revenue Bonds. Series 2006 (Illinois Holocaust
Museum and Education Center Proiect) for the Pumose of Financing Costs of Acquiring.
Constructing and Equipping the Illinois Holocaust Museum and Education Center and Related
Facilities in Skokie. Illinois: Authorizing the Execution and Deliverv of an Indenture of Trust to
Secure the Bonds, a Loan Agreement Under Which the Proceeds of the Bonds will be Loaned to
Holocaust Memorial Foundation of Illinois, Inc., a Tax Exemption Certificate and Agreement
Pertaining to the Tax Exemption of the Bonds, and a Bond Purchase Agreement Providing for
the Purchase and Sale of Said Bonds: Authorizing the Deliverv of an Official Statement Relating
to Said Bonds; and Related Matters" (the "Ordinance").
Trustee Brunner moved the ordinance be adopted. The motion was seconded by Trustee
Minx. After due consideration of the Ordinance by the Board, the Village President put the
question to a vote and upon the roll being called, the following voted:
Trustee Brunner Aye
Trustee DiMaria Nay
Trustee Kogstad Nay
Trustee Minx Aye
Trustee Senensky Aye
Trustee Staackmann Nay
Clerk Fritzshall announced there was a tie and Richard Krier, Village President then
voted Aye.
Whereupon the Village Clerk declared Ordinance 06-46 duly adopted, and the Village
President, upon his approval thereto in open session as evidence of his approval caused it to be
attested under seal by the Village Clerk and declared it to be in full force and effect.
Trustee Minx then moved to adjourn the regular meeting, the motion was seconded by
Trustee Brunner and passed unanimously pursuant to a voice vote. The meeting subsequently
adjourned at 8:46 P. M.
Richard Krier, Village President
Attest:
(Seal)
Carol A. Fritzshall, Village Clerk