05/25/1960SPECIAL MEETING BOARD OF TRUSTEES
May 25, 1960
The special meeting of the Board was called to order at 8:05 by the
Clerk in the absence of the President. Mr. Arno Wehle was duly appointed by
unanimous vote as President Pro Tem and assumed this position. In the absence
of Mrs. Catherine Price, Clerk to the Board, Mr. Stilphen was unanimously voted
appointed acting clerk for the evening. Roll Call of the members indicated that
those present were as follows:
Mr. Aberson, Mr. Curto, Mr. Peterson, Mr. Petesch, Mr. Porter, Mr. Wehle
those absent: Mr. Koss.
Bids for the construction of Wilmot Road using MFT funds were accepted.
Those bidding and the amount of their bid are listed as follows:
Mr. Petesch explained the captaincy situation in the Police Department
giving the background information in connection therewith. The letter from the
Police Commissioners.was read regarding the appointment of Mr. David Petersen to
the position of Captain in accordance with the action of the Board in creating a
vacancy. It was moved that the appointment be received and that Mr. Petersen begin
his duties at once. This was duly seconded and voted unanimously.
The acceptance of bids on the Sewer Bond Issue was discussed at length,
two bids having been submitted to thetBoard in accordance with their request of
the previous evening. It was stated by Attorney Matthews that it was the custom
of the Village to require the successful bidder to pay for the printing of the
bonds and the approving opinion by Chapman and Cutler. President Pro Tem Wehle
stated that the Board reserves the right to accept or reject any or all bids as
the best interest of the Village indicates. It was further stated that if the
figures received this evening were acceptable the Board could legally accept the
bid. Mr. Aberson pointed out several aspects of the bid situation relative to the
adverse publicity the Village has received causing a slowing of the sale of Village
bonds and recommended that under present conditions it would be best to have a
negotiated sale and that these bids should not be opened. Considerable discussion
ensued and Mr. Aberson moved that the bids not be opened and be returned. This was
duly seconded by Mr. Peterson. A roll call vote indicated that Mr. Aberso n and
Mr. Peterson voted in favor of the motion; Mr. Curto, Mr. Porter, Mr. Petesch, and
Mr. Wehle voted against and the motion was declared lost.
The bids were opened and were found to be as follows:
John Nuveen and Company (principal)
Predicated on an "A`.' Moody-!'s rating
Predicated on a BAA " "
Scott and Kegley Inc. (principal)
Predicated on an "A" Moody"s rating
Predi-cated on a BAA " "
(check in the amount of $10,500 security included)
Average rate of 4.12271%,
If 11 11 4.3923 %O
(check in the amount of $10,500 included security)
Average rate of 4.19%
11 11 11 4.42'/0
The motion to receive the bids for study was made, duly seconded, and passed.
The
Skokie Valley Asphalt Company $138,696.06 Macadam alt.
86,557.56
(bid
security in the amount
of $12,500.00 enclosed)
The
Eric Bolander Const. Company $131,809.07 " "
83,000.00
C0
(bid
security in the amount
of $14,000.00 enclosed)
RZ111
The
E.A.Meyer Construction
Company $139,391.07 " "
811518.25
(bid
security in the amount
of $14,000.00 enclosed)
The motion was
made and seconded and
unanimously voted that the bids be received and
referred to the
engineer (Greengard)
and the State Highway people for study
and
recommendation
to the Board.
Mr. Petesch explained the captaincy situation in the Police Department
giving the background information in connection therewith. The letter from the
Police Commissioners.was read regarding the appointment of Mr. David Petersen to
the position of Captain in accordance with the action of the Board in creating a
vacancy. It was moved that the appointment be received and that Mr. Petersen begin
his duties at once. This was duly seconded and voted unanimously.
The acceptance of bids on the Sewer Bond Issue was discussed at length,
two bids having been submitted to thetBoard in accordance with their request of
the previous evening. It was stated by Attorney Matthews that it was the custom
of the Village to require the successful bidder to pay for the printing of the
bonds and the approving opinion by Chapman and Cutler. President Pro Tem Wehle
stated that the Board reserves the right to accept or reject any or all bids as
the best interest of the Village indicates. It was further stated that if the
figures received this evening were acceptable the Board could legally accept the
bid. Mr. Aberson pointed out several aspects of the bid situation relative to the
adverse publicity the Village has received causing a slowing of the sale of Village
bonds and recommended that under present conditions it would be best to have a
negotiated sale and that these bids should not be opened. Considerable discussion
ensued and Mr. Aberson moved that the bids not be opened and be returned. This was
duly seconded by Mr. Peterson. A roll call vote indicated that Mr. Aberso n and
Mr. Peterson voted in favor of the motion; Mr. Curto, Mr. Porter, Mr. Petesch, and
Mr. Wehle voted against and the motion was declared lost.
The bids were opened and were found to be as follows:
John Nuveen and Company (principal)
Predicated on an "A`.' Moody-!'s rating
Predicated on a BAA " "
Scott and Kegley Inc. (principal)
Predicated on an "A" Moody"s rating
Predi-cated on a BAA " "
(check in the amount of $10,500 security included)
Average rate of 4.12271%,
If 11 11 4.3923 %O
(check in the amount of $10,500 included security)
Average rate of 4.19%
11 11 11 4.42'/0
The motion to receive the bids for study was made, duly seconded, and passed.
26
There being no further business, it was moved, seconded and voted that the
meeting stand adjourned until the next Wesnesday evening, June lst, at which
time action will be taken on the bond bids received and such other business as may
come before the Board. However, immediately thereafter it was moved and seconded
and voted that the Board re- convene. It was then moved, seconded and voted that
the "Good Faith" check of the Scott Kegley Company and associates be returned since
they were not the low bidders. The Board then having no further business adjourned
to the June lst time designated in their previous vote.
ATTEST:
Acting Clerk
APPROVED:-
President Pro Tem
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