Resolution 2001-19 u �
STATE OF ILLINOIS )
)SS. '
COUNTY OF KENDALL )
RESOLUTION 01- _
RESOLUTION AUTHORIZING THE PURCHASE OF TWO SQUAD CARS AND
AUTHORIZING THE MAYOR TO SIGN A
PROMISSORY NOTE WITH YORKVILLE NATIONAL BANK
WHEREAS, the City Council of the United City of Yorkville, the Mayor, and the Chief of
Police have determined it necessary to obtain two (2) new squad cars for the City Police; and
WHEREAS, the City desires to borrow funds from the Yorkville National Bank in order to
finance said automobile purchases; and
WHEREAS, the City Council has determined that it is in the best interest of the City to
u refinance an existing loan at the Yorkville National Bank, that being loan number 14713;
NOW THEREFORE BE IT RESOLVED BY THE UNITED CITY OF YORKVILLE,upon
motion duly made, seconded, and approved by a majority of those Alderman voting,the Mayor and
City Clerk are hereby authorized to sign the Promissory Note in the amount of$79,000.00 with the
Yorkville National Bank for the purpose of purchasing the two(2)new squad cars for the City Police
at 4.97%interest payable$20,000 on December 1, 2001, $32,929.18 on December 1,2002 and final
payment of$32,929.18 and any other unpaid balance of principal and interest is due on December.
1, 2003 and refinancing loan number 14713 at the same bank.
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PASSED and APPROVED by the City Council of the United City of Yorkville, Kendall
County, Illinois this day of_-� , A.D. 2001.
PAUL JAMES C MARTY MUNNS �
RICHARD STICKA ( MIKE ANDERSON
VALERIE BURD ROSE SPEARS
LARRY KOT JOSEPH BESCO
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this
day of , A.D. 2000.
MAYOR -
ATTEST: =
ITY OLERK
Prepared by:
Law Offices of Daniel J. Kramer
I I 07 S. Bridge Street
Yorkville, Illinois 60560
630.553.9500
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