Village of Schiller Park President and Board of Trustees met April 30.
Here is the minutes provided by the board:
I. CALL TO ORDER:
President Nick Caiafa called the meeting to order at 6:09 P.M.
II. PLEDGE OF ALLEGIANCE
III. ROLL CALL:
Upon a call of the roll by Village Clerk Jos, the following Elected Officials were:
Present: President Nick Caiafa, Trustees: Moses Diaz, Russell Klug, Joan Golembiewski (present by phone), Tom Deegan, Robert Lima (present by phone), Terri Sheridan, and Village Clerk Rosa Jos
Absent: None President Caiafa declared a quorum present.
Also present: Corporate Counsel Joe Montana (present by phone)
IV. PERSONS WISHING TO BE HEARD:
No written public comment received. No one to be heard.
V. DISCUSSION AND ACTION ITEMS:
1. An Ordinance of the Village of Schiller Park, Cook County, Illinois, Identifying and Authorizing the Special Tax Allocation Fund of the New West Gateway Tax Increment Financing District (TIF #4) as Additional Security for the Village of Schiller Park Taxable General Obligation Refunding Bonds, Series 2014A.
Trustee Deegan moved, seconded by Trustee Sheridan to adopt Ordinance No. 20-4224 being "An Ordinance of the Village of Schiller Park, Cook County, Illinois, Identifying and Authorizing the Special Tax Allocation Fund of the New West Gateway Tax Increment Financing District (TIF #4) as Additional Security for the Village of Schiller Park Taxable General Obligation Refunding Bonds, Series 2014A."
Discussion regarding the Ordinance: Trustee Lima noted that the process of consolidating TIF debt is standard practice for municipalities. Corporate Counsel Montana explained in detail the purpose of the Ordinance. Upon roll call the following voted:
Aye: Trustees: Diaz, Klug, Golembiewski, Deegan, Lima, and Sheridan
Absent: None
Nay: None
President Caiafa declared the motion carried.
VII. EXECUTIVE SESSION:
There was no Executive Session.
VIII. ADJOURNMENT: With no further business to conduct, it was moved by Trustee Klug, seconded by Trustee Lima that the Special Board Meeting be adjourned.
Upon roll call the following voted:
Aye: Trustees: Diaz, Klug, Golembiewski, Deegan, Lima, and Sheridan
Absent: None
Nay: None
President Caiafa declared the motion carried and this Special Board Meeting was adjourned at 6:23 P.M.
https://docs.google.com/document/d/1IJy_mSAKeL4cwsoWNC8zW9oZXY0ngmNWbPxBahv2yS8/edit
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