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Bellwood Village Board considers bond-issue ordinance

City

At a recent meeting, the Bellwood Board of Trustees considered an ordinance to allow the issuance of general obligation bonds.

Along with the mayor of Bellwood, the board of trustees acts as the village’s corporate authority and exercises municipal powers that have not been specifically delegated to another office or board in the municipality. Bellwood’s six trustees form the legislative body. They are elected from the village at large to four-year terms.

Below is the agenda for this meeting, as provided by the board.

VILLAGE OF BELLWOOD

REGULAR BOARD MEETING AGENDA

JULY 20, 2016

The Village Board of the Village of Bellwood will conduct a regular board meeting on Wednesday, July 20, 2016, at 6:00 p.m. in the Village Board Room at 3200 Washington Boulevard, Bellwood, IL 60104-1984 for the purposes of considering the following agenda:

1 Call to Order

2 Roll Call: Mayor Pasquale, Trustees Ciavattone, Murphy, Holman, Robinson, Delgado, Nightengale

3 Pledge of Allegiance

4 Approve the Board Meeting Agenda

5 Presentations – Swearing In

6 Approve Minutes of last Regular Board Meeting

7 Committee Reports

a Administration – Trustee Robinson, Chairman; Trustee Ciavattone, Member,

i Departmental Report,

ii Item D - The Village of Bellwood is required to annually performs an audit of the financial records of the village the findings of which are adopted and published,

b Public Safety – Trustee Delgado, Chairman; Trustee Nightengale, Member,

i Departmental Report,

ii No items appear on the consent agenda,

c Finance – Trustee Nightengale, Chairman; Trustee Holman, Member,

i Authorize payment of bills,

ii Ratify investments,

iii Item A - The Ordinance provides for the issuance of bonds to allow for the Village to refinance existing debt,

d Community Development – Trustee Murphy, Chairman; Trustee Robinson, Member,

i Departmental Report,

ii Item B - The Planning Commission conducted a public hearing regarding

Petitioner’s request for zoning relief and as a result of which has unanimously approved and recommended Petitioner’s request to the Village Board for consideration,

iii Item E - The agreement engages the company for the purpose of providing certain financial services including but not limited to underwriting services pertaining to the Village’s issuance of its 2016 general obligation bonds in order to refinance existing debt,

iv Item C - The Resolution referenced herein allows for a Class 6b which grants the owner a reduction in real estate taxes for a thirteen-year period, Cook County provides municipalities with the ability to provide said real estate tax incentives in order to minimize the number of vacant, dilapidated and blighted property within their respective communities,

e Quality of Life – Trustee Holman, Chairman; Trustee Murphy, Member,

i Departmental Report,

ii Item F - The agreement provides for certain telecommunication services at various village locations,

f Public Works – Trustee Ciavattone, Chairman; Trustee Delgado, Member,

i Departmental Report,

ii No items appearing on the consent agenda,

g Ad Hoc Committees:

i Traffic Safety – Trustee Nightengale, Chairman; Trustee Holman, Member,

ii Other

8 Department Head Reports

9 Presentation of Items from Consent Agenda

10 Consent Agenda

a An Ordinance Providing for the Issuance of General Obligation Refunding Bonds of the Village of Bellwood, Cook County, Illinois, in One or More Series and in the Aggregate Principal Amount of Not to Exceed $45,000,000 and Providing for the Levy of a Direct Annual Tax Sufficient to Pay the Principal of and Interest on the Bonds,

b An Ordinance Granting a Conditional Use for the Property Commonly Referred to as 230 Mannheim Road, Bellwood, Illinois 60104,

c A Resolution Approving a Class 6b Real Estate Tax Incentive for the Property Commonly Referred to as 2150 Madison Avenue, Bellwood, Cook County, Illinois, 60104,

d A Resolution Adopting the Findings of the Annual Financial Report for Year Ending December 31, 2015,

e A Resolution Approving and Authorizing the Execution of an Agreement by and between the Village of Bellwood and George K. Baum & Company,

f A Resolution Approving and Authorizing the Execution of an Agreement by and between the Village of Bellwood and Call One Inc., and

g Miscellaneous Community Requests/Items

11 Action on Consent Agenda

a Any items to be removed from the Consent Agenda

i Discussion on removed items

ii Action on removed items

b Place items on the Consent Agenda

c Approve Consent Agenda

12 Mayor’s Report

a General Information

b Other Business

13 New Business

14 Unfinished Business

15 Public Comment

16 Adjournment

NOTE: The Village of Bellwood acting in compliance with the Americans with

Disabilities Act (ADA), requests that any persons with disabilities who have questions about the accessibility of the meeting or facility, contact Lena M. Moreland, Village Clerk, at (708) 547-3500, extension 1100, to allow us to make reasonable accommodations with the facility for these individuals

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