92-320 RESOLUTION
ACCEPTING PROPOSAL OF CHAPMAN AND CUTLER
TO CALCULATE AND REPORT ARBITRAGE EARNINGS ON
PROCEEDS OF 1991 GENERAL OBLIGATION BOND ISSUE
BE IT RESOLVED THAT THE PROPOSAL OF CHAPMAN AND CUTLER to
perform arbitrage rebate calculation services with respect to
$11,560,000 General Obligation Corporate Purpose Bonds, Series
1991, a copy of which is attached hereto as Exhibit A is
hereby accepted.
BE IT FURTHER RESOLVED that Larry L. Rice, City Manager,
is hereby authorized and directed to execute written
acceptance of said proposal on behalf of the City of Elgin.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
Presented: December 16, 1992
Adopted: December 16, 1992
Vote: Yeas 7 Nays 0
Recorded:
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk