110 E. Walnut Street - Oglesby, Illinois 61348  ·  Phone: 815-883-3389

Special Meeting: January 25, 2010

February 3, 2010 by City Clerk  
Filed under Council Meeting Minutes

A SPECIAL MEETING OF THE OGLESBY CITY COUNCIL WAS HELD ON MONDAY, JANUARY 25, 2010 AT 5:00 P.M. IN THE COUNCIL CHAMBERS.
PRESENT: MAYOR TORRES AND COMMISSIONERS DANEKAS, FINLEY, PORTER, YBORRA.
AT THIS TIME MAYOR TORRES ANNOUNCED THAT THE CITY COUNCIL WILL HOLD A PUBLIC HEARING (BINA NOTICE) ON FEBRUARY 1, 2010 AT 6:30 P.M. AT THE CITY ADMINISTRATIVE BUILDING. THE PURPOSE OF THE HEARING WILL BE TO RECEIVE COMMENTS ON THE PROPOSAL TO SELL BONDS IN THE AMOUNT OF $6,600,000 FOR THE PURPOSE OF FINANCING THE SEPARATION AND RE-ROUTING OF THE STORM AND SANITARY SEWER LINES; EXPANDING THE CAPACITY OF THE EXISTING SEWAGE TREATMENT PLANT; AND CONSTRUCTION OF A NEW WATER TOWER WITHIN THE CITY.
MOVED BY YBORRA SECONDED BY PORTER to place over for public review an ordinance to establish a date for the public hearing for the third amendment to Oglesby TIF I redevelopment project area, plan and projects. AYES: DANEKAS, FINELY, PORTER, YBORRA, MAYOR TORRES. MOTION CARRIED.
MOVED BY YBORRA SECONDED BY PORTER to place over for public review an ordinance authorizing the issuance of Taxable General Obligation Bonds (Alternate Revenue Source), Series 2010 of the City of Oglesby, LaSalle County, Illinois, in an aggregate principal amount not to exceed $6,600,000 for the purpose of financing the costs of certain capital projects within the City and paying for costs related thereto, as amended. AYES: DANEKAS, FINLEY, PORTER, YBORRA, MAYOR TORRES. MOTION CARRIED.
MOVED BY DANEKAS SECONDED BY FINLEY to place over for public review an ordinance approving and authorizing the execution of a professional services agreement for the 2010 amendment to the Oglesby TIF District I redevelopment project area, plan and projects by and between Thomas N. Jacob & Associates, Ltd and the Economic Development Group, Ltd and the City of Oglesby, IL. AYES: DANEKAS, FINLEY, PORTER, YBORRA, MAYOR TORRES. MOTION CARRIED.
MOVED BY PORTER SECONDED BY YBORRA that we do now adjourn. AYES: FINLEY, PORTER, YBORRA, MAYOR TORRES. ABSENT: DANEKAS. MOTION CARRIED. MEETING ADJOURNED.

CITY CLERK