WHEREAS, The Village of Vernon Hills’ President and Board of Trustees desire to make improvements to the Nike Base property;
WHEREAS, representatives of the Village, Park District and School Districts have formulated a redevelopment plan for the Nike Base Property;
Whereas, the following payments are needed to complete the Village’s portion of the Vernon Hills Athletic Complex:
Stage 1A - $1,000,000.00
Stage 1B - $250,000.00
NOW THEREFORE BE IT RESOLVED BY THE VILLAGE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF VERNON HILLS, LAKE COUNTY, ILLINOIS:
That the Finance Director is authorized to wire transfer $1,250,000.00 to Chicago Title and Trust Company for the stage 1A & 1B projects at the Vernon Hills Athletic Complex.
Dated this 1st day of July, 2003.
Adopted by roll call vote as follows:
ABSENT AND NOT VOTING: