01/04/19881
January 4, 1988
The regular meeting of the Board of Trustees of the Village of
Deerfield was called to order by the Clerk in the Council Chamber of
the Village Hall on Monday, January 4, 1988 at 8:00 P.M. The Clerk
called the roll and announced that the following were
Present: Bernard Forrest, Mayor
James L. Marovitz
Cynthia J. Marty
Harriet E. Rosenthal
Edwin B. Seidman
Vernon E. Swanson
J. Robert York
and that a quorum was present and in attendance. Also present-were
Village Manager Robert Franz and Village Attorney James Stucko.
Trustee Seidman moved, seconded by Trustee Marty, that the minutes of
the previous meeting be approved. Motion carried unanimously.,
Aso
Mayor Forrest read the attached statement regarding Deerfield's
$10,000,000 General Obligation Bond Issue sale. As a result of this
transaction,.the Village has received $428,000 which will be applied to
funding the Street Rehabilitation Program.
PUBLIC HEARING - Jim Bennett, representing Village Cab North,
VILLAGE CAB NORTH appeared before the Board. He stated his company
had received several calls from Deerfield .
residents for cab service and was seeking permission to operate in the
Village. A discussion on the cab situation in Deerfield did not
signify a need for additional service at this time. Petitioner was
advised to return at a later date and come prepared with figures that
indicate a need for additional cab service in the Village.
Trustee Marty moved, seconded by Trustee Marovitz, that the Public
Hearing be closed. Motion carried unanimously.
Trustee Rosenthal moved, seconded by Trustee Swanson, to approve a
Certificate of Public Convenience & Necessity to Village Cab North of
Highwood, Illinois. Motion failed with Trustee Rosenthal casting the
only affirmative vote.
SPECIAL USE /PRD Petitioner wishes to divide subject property into
KENMORE - BUSSCHER two lots, one facing Park Lane and the other
facing Kenmore. Both streets are fully improved
and no variations are requested.
Trustee Seidman moved, seconded by Trustee Marovitz, that the recom-
mendation of the Plan Commission regarding Busscher request for Special
Use / Resubdivision Planned Residential Development- Kenmore between Gordon
and Laurel be approved. Motion carried unanimously.
RESUBDIVISION -
1350 GREENWOOD
Petitioner wishes to divide the property into two
lots, one facing Meadow, the other facing
Greenwood, both fully improved streets.
Trustee Marty moved, seconded by Trustee Rosenthal, that the recommenda-
tion of the Plan Commission regarding resubdivision of property at 1350
Greenwood be approved. Motion carried unanimously.
CONSENT AGENDA
0 -88 -1 ORDINANCE Ordinance amending Municipal Code granting Class
CLASS G LIQUOR G liquor license, Hyatt Hotel.
LICENSE - HYATT HOTEL
1�9�
SPECIAL USE -
REDEVELOPMENT-
JEWETT PARK
SPECIAL USE -
REDEVELOPMENT
TRAIL TREE PARK
Ordinance granting Special Use for Redevelopment
of Jewett Park. First reading.
Ordinance granting Special Use for redevelopment
of Trail Tree Park. First reading.
Trustee Marovitz requested Staff to confirm the placement of proposed
fencing at Trail Tree Park. There appears to be some confusion on the
specific area to be fenced.
Trustee Seidman moved, seconded by Trustee Marovitz, that the Consent
Agenda be approved and the Ordinance adopted. Motion carried by the
following vote:
AYES: Marovitz, Marty, Rosenthal, Seidman, Swanson, York (6)
NAYS: None (0)
NORTRAN SERVICE - NORTRAN Trustee Bob Benton discussed a report on
HACKBERRY ROAD the Hackberry Road bus service. Some residents
have requested termination of this service. A
survey conducted by NORTRAN indicated low ridership on this seqment of
Route 214 and recommended rerouting. Mr. Benton stated that the final
decision regarding this rerouting be made by the Village. Several
residents who attended the NORTRAN meeting in November expressed their
views on terminating the Hackberry Road service. The Board noted that
the issue of mass transportation in Deerfield will have to be faced
again in the future.
Trustee Seidman moved, seconded by Trustee York, that the NORTRAN
service on Hackberry Road be discontinued and Bus Route 214 be rerouted
from the train station west on Deerfield Road to Wilmot Road and south
to Lake -Cook. Motion carried unanimously.
MANPOWER COMMISSION Mayor Forrest announced the following appoint-
ments: Robert Speckman, reappointed Chairman of
the Board of Zoning Appeals; Alvin Silvian, reappointed Chairman of the
Youth Council; Catherine Curtis, reappointed Chairman of Human Relations
Commission; Jesse Rotman, reappointed Chairman of Cable Advisory Board;
Marvin Ehlers, appointed Chairman of Plan Commission.
Trustee Marty moved, seconded by Trustee Rosenthal, that the appoint-
ments be approved. Motion carried unanimously.
DISCUSSION ITEMS Trustee Marovitz inquired if the Village had a
TTD system operating in Deerfield for emergency
purposes. Village Manager Franz indicated he believed there was such a
system in the Village. He would investigate further to confirm this.
There being no further business, upon motion of Trustee Rosenthal,
seconded by Trustee Marty, the meeting adjourned at 8:45 P.M.
ATTEST:
Village Clerk
AP. OVED:
Mayor
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MAYOR ' FOREST' S• STATEMENT. .
DECEMBER, 1987 GENERAL OBLIGATION BOND ISSUE
As you know, last week the' Village completed its-sale of a $10,000,000
General Obligation Bond Issue" 4in order to avail itself of an innovative investment
opportunity. Because of Deerfield's overall strong financial position and bond
credit rating, we are the first municipality in Illinois (and maybe the United
States) to enter into this.type of transaction. Proceeds from the $10,000,000
bond sale were used to purchase Dade County Florida Revenue Bonds which have been
placed in escrow and will be used to pay the principal and interest on the 1987
bonds. The Dade County Revenue Bonds are insured by Municipal Bond Investors
Assurance Corporation and, therefore, are rated "AAA" by Standard & Poor's
Corporation.
As a result of this transaction, the Village has received $428,000 which will
be applied to funding our Street Rehabilitation Program. I commend the Board and
staff for their innovation and foresight in undertaking this unusual'inve-stment
opportunity. Due to the sound financial management principles practiced in
Deerfield, we were able to capitalize on our bonding power and take advantage of
this additional source of revenue.