HomeMy Public PortalAboutResolution 1146.7
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March 18, 1996
A MOTION TO PASS RESOLUTION #
1146
In recognition that the Village of Plainfield must be able to provide initial and matching
funding in order to receive Federa11V1oney such as STP Grants;
And that the Board of Trustees of Plainfield has applied for, and have resolved to,
provide such matching funding, in order to take advantage of this available Federal Funding;
And that the current state of the budget of the Village of Plainfield does not adequately
provide the excess funding needed to take advantage of the Federal Funding;
And that while the Utility Tax as imposed is not universally supported by the whole
Board of Trustees;
It is understood that the Utility Tax was imposed with the understanding that it would be
used primarily for the seven herein outlined projects:
Van-Dyke rd from Rt 126 to 135th street,
Fort Beggs re-alignment with Roberts Rd.,
Rt 30 Economic Development Corridor,
Phase One Study for 143rd from Rt 30 to I-55
DuPage River Bridge Crossing Study
Implementation of Downtown Revitalization Projects
Pedestrian Bridge over the DuPage River;
And that the Utility Tax with a reserve guaranteed by the Sales Tax, can provide the
stable funding necessary for matching the Federal Grants, if an Alternate Bond is sold;
And that the rate of interest for bonds is at a historic low;
And that the citizens of Plainfield can farce a referendum by action, or allow this Bond
Sale to proceed after 31 days in the event of no action;
We hereby direct the village attorney to write an ordinance providing far such Bond Sale
with the amount and term being left blank;
That we vote on such ordinance after a public hearing at the next meeting.
YES NO
Dement x
Heimerdinger A b s e n t
Lambert x
Rock X
Smolich - _ ~
-.-. Stalzer - ~, ~
APPROVED THISw18th DAY OF MARCH, 1996
PASSED „THIS 1$th DAY OF MARCH, 1996 , ~--'-`
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ATTEST : = ~. .~.,~~
.ILLAGE PRESIDENT