217-351-5288 800-660-7323 classifieds@news-gazette.com

Classified Ads

Vibra-Trim 400

Vibra-Trim 400

Like new, very few hours, with manual; $1,000 Call 217-369-5587


VILLAGE OF IVESDALE

VILLAGE OF IVESDALE

CHAMPAIGN AND PIATT COUNTIES, ILLINOIS

ORDINANCE NO. 2018-10-1

PUBLIC WATER SUPPLY LOAN PROGRAM ORDINANCE

AUTHORIZING LOAN AGREEMENT

VILLAGE OF IVESDALE, ILLINOIS

AN ORDINANCE authorizing the Village of Ivesdale, Champaign and Piatt, Counties, Illinois to borrow funds from the Public Water Supply Loan Program.

PASSED BY THE VILLAGE BOARD AND APPROVED BY THE VILLAGE PRESIDENT OF THE VILLAGE OF IVESDALE, ILLINOIS THIS FIFTEENTH DAY OF OCTOBER, 2018

PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE PRESIDENT AND VILLAGE COUNCIL OF THE VILLAGE OF IVESDALE, CHAMPAIGN AND PIATT COUNTIES, ILLINOIS, THIS FIFTEENTH DAY OF OCTOBER 2018.

VILLAGE OF IVESDALE

CHAMPAIGN AND PIATT COUNTIES, ILLINOIS

ORDINANCE NO. 2018-10-1 October 15, 2018

PUBLIC WATER SUPPLY LOAN

PROGRAM ORDINANCE

AUTHORIZING LOAN AGREEMENT

VILLAGE OF IVESDALE, ILLINOIS

AN ORDINANCE authorizing the Village of Ivesdale, Champaign and Piatt, Counties, Illinois to borrow funds from the Public Water Supply Loan Program.

WHEREAS, the Village of Ivesdale, Champaign and Piatt Counties, Illinois, is a municipality as contemplated under Article VII, Section 7 of the Constitution of the State of Illinois, and the passage of this Ordinance constitutes an exercise of Village's powers and functions as granted in the same; and

WHEREAS, the Village operates its public water supply system (the System) and in accordance with the provisions of 65 ILCS 5/1 1-39 (the “Act”) and other applicable law, and

WHEREAS, the VILLAGE PRESIDENT and VILLAGE BOARD of the VILLAGE ("the Corporate Authorities") have determined that it is advisable, necessary and in the best interests of public health, safety and welfare to improve the System, including the following: the retention of the existing plant and replacement of its process equipment, increasing the capacity from 35 gpm to 50 gpm. Included upgrades follow: replacement of pressure filters, high service pumps, all chemical feed systems, master effluent flow meter and backwash flow meter, plant controls, automated valves refurbishing or replacing existing aerator and detention tank, elevated tank painting, and any other services necessary, useful or advisable to the construction and installation ("the Project"), all in accordance with the plans and specifications prepared by consulting engineers of the Village; which Project has a useful life of twenty years; and

WHEREAS, the estimated cost of construction and installation of the Project, including engineering, legal, financial and other related expenses is $1,000,000.00, and there are insufficient funds on hand and lawfully available to pay these costs; and

WHEREAS, the loan shall bear an interest rate as defined by 35 Ill. Adm. Code 662, which does not exceed the maximum rate authorized by the Bond Authorization Act, as amended, 30 ILCS 305/0.01 et seq., at the time of the issuance of the loan; and

WHEREAS, the principal and interest payment shall be payable semi-annually, and the loan shall mature in 20 years, which is within the period of useful life of the Project; and

WHEREAS, the costs are expected to be paid for with a loan to the Village from the Public Water Supply Loan Program through the Illinois Environmental Protection Agency, the loan to be repaid from revenues of the System, and the loan is authorized to be accepted at this time pursuant to the Act; and

WHEREAS, in accordance with the provisions of the Act, the Village is authorized to borrow funds from the Public Water Supply Loan Program in the aggregate principal amount of $1,000,000.00 to provide funds to pay the costs of the Project; and

WHEREAS, the loan to the Village shall be made pursuant to a Loan Agreement, including certain terms and conditions, between the Village and the Illinois Environmental Protection Agency.

NOW THEREFORE, BE IT ORDAINED BY THE CORPORATE AUTHORITIES OF THE VILLAGE OF IVESDALE, CHAMPAIGN AND PIATT COUNTIES, ILLINOIS, as follows:

SECTION 1. INCORPORATION OF PREAMBLES. The Corporate Authorities hereby find that the recitals contained in the preambles are true and correct, and incorporate them into this Ordinance by this reference.

SECTION 2. DETERMINATION TO BORROW FUNDS. It is necessary and in the best interests of the Village to construct the Project for the public health, safety and welfare, in accordance with the plans and specifications, as described; that the System continues to be operated in accordance with the provision of the Act; and that for the purpose of constructing the Project, it is hereby authorized that funds be borrowed by the Village in an aggregate principal amount (which can include construction period interest financed over the term of the loan) not to exceed $1,000,000.00.

SECTION 3. PUBLICATION. This Ordinance, together with a Notice in the statutory form (attached hereto as Exhibit A), shall be published once within ten days after passage in the News Gazette, a newspaper published and of general circulation in the City, and if no petition, signed by electors numbering 10% or more of the registered voters in the Village with there being 181 registered voters with 18 registered voters constituting 10% thereof, asking that the question of improving the System as provided in this Ordinance and entering into the Loan Agreement therefore be submitted to the electors of the Village, is filed with the Village Clerk within 30 days after the date of publication of this Ordinance and notice, then this Ordinance shall be in full force and effect. A petition form shall be provided by the Village Clerk to any individual requesting one.

SECTION 4. ADDITIONAL ORDINANCES. If no petition meeting the requirements of the Act and other applicable laws is filed during the 30-day petition period, then the Corporate Authorities may adopt additional ordinances or proceedings supplementing or amending this Ordinance providing for entering into the Loan Agreement with the Illinois Environmental Protection Agency, prescribing all the details of the Loan Agreement, and providing for the collection, segregation and distribution of the revenues of the System, so long as the maximum amount of the Loan Agreement as set forth in this Ordinance is not exceeded and there is no material change in the Project or purposes described herein. Any additional ordinances or proceedings shall in all instances become effective in accordance with the Act or other applicable law. This Ordinance, together with such additional ordinances or proceedings, shall constitute complete authority for entering into the Loan Agreement under applicable law.

However, notwithstanding the above, the Village may not adopt additional ordinances or amendments which provide for any substantive or material change in the scope and intent of this Ordinance, including but not limited to interest rate, preference, or priority of any other ordinance with this Ordinance, parity of any other ordinance with this Ordinance, or otherwise alter or impair the obligation of the Village to pay the principal and interest due to the Public Water Supply Loan Program without the written consent of the Illinois Environmental Protection Agency.

SECTION 5. LOAN NOT INDEBTEDNESS OF VILLAGE. Repayment of the loan to the Illinois Environmental Protection Agency by the Village pursuant to this Ordinance is to be solely from the revenue derived from revenue of the system, and the loan does not constitute an indebtedness of the Village within the meaning of any constitutional or statutory limitation.

SECTION 6. APPLICATION FOR LOAN. The Village President of the Village is hereby authorized to make application to the Illinois Environmental Protection Agency for a loan through the Public Water Supply Loan Program, in accordance with the loan requirements set out in 35 Ill. Adm. Code 662.

SECTION 7. ACCEPTANCE OF LOAN AGREEMENT. The Corporate Authorities hereby authorize acceptance of the offer of a loan through the Public Water Supply Loan Program, including all terms and conditions of the Loan Agreement as well as all special conditions contained therein and made a part thereof by reference. The Corporate Authorities further agree that the loan funds awarded shall be used solely for the purposes of the project as approved by the Illinois Environmental Protection Agency in accordance with the terms and conditions of the Loan Agreement.

SECTION 8. RESERVE ACCOUNTS. As long as the Village has outstanding senior bonds that are payable from revenues of the system, the Village shall maintain an account, coverage, and reserves equivalent to the account(s), coverage(s) and reserve(s) required by the outstanding ordinance(s).

SECTION 9. AUTHORIZATION OF VILLAGE PRESIDENT TO EXECUTE LOAN AGREEMENT. The Village President is hereby authorized and directed to execute the Loan Agreement with the Illinois Environmental Protection Agency. The Corporate Authorities may authorize by resolution a person other than the Village President for the sole purpose of authorizing or executing any documents associated with payment requests or reimbursements from the Illinois Environmental Protection Agency in connection with this loan.

SECTION 10. SEVERABILITY. If any section, paragraph, clause or provision of this Ordinance is held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this Ordinance.

SECTION 11. REPEALER. All ordinances, resolutions or orders, or parts thereof, which conflict with the provisions of this Ordinance are, to the extent of such conflict, hereby repealed.

PRESENTED, PASSED, APPROVED AND ADOPTED BY THE VILLAGE PRESIDENT AND VILLAGE BOARD OF THE VILLAGE OF IVESDALE, ILLINOIS, at its regular meeting on this fifteenth day of October, A.D., 2018, by a roll call vote as follows:

Daniel Bates: AYE__x__ NAY____ ABSENT_____

Ted Auth: AYE__x__ NAY____ ABSENT_____

Pam Bailey: AYE__x__ NAY____ ABSENT_____

Justin Cross: AYE____ NAY____ ABSENT__x___

Kimberly Somers: AYE__x__ NAY____ ABSENT_____

Nathan Somers: AYE__x__ NAY____ ABSENT_____

Shawn Tangy: AYE__x__ NAY____ ABSENT_____

APPROVED:

/s/ Daniel Bates

Daniel Bates, President

ATTEST:

/s/ Jennifer Brewer

Jennifer Brewer, Village Clerk

SEAL

PUBLISHED in pamphlet form on October 15, 2018.

RECORDED in the Village Records on October 15, 2018.

Exhibit A

NOTICE OF INTENT TO BORROW FUNDS AND RIGHT TO FILE PETITION

NOTICE IS HEREBY GIVEN that, pursuant to Ordinance Number 2018-10-1, adopted on October 15, 2018, the Village of Ivesdale, Champaign and Piatt Counties, Illinois, intends to enter into a Loan Agreement with the Illinois Environmental Protection Agency in an aggregate principal amount not to exceed $1,000,000.00 and bearing annual interest at an amount not to exceed the maximum rate authorized by law at the time of execution of the Loan Agreement, for the purpose of paying the cost of certain improvement to the public water supply system of the Village. A complete copy of the Ordinance accompanies this notice.

NOTICE IS HEREBY FURTHER GIVEN that if a petition signed by 18 or more electors of the Village (being equal to 10% of the registered voters in the Village), requesting that the question of improving the public water supply system and entering into the Loan Agreement is submitted to the Village Clerk within 30 days after the publication of this Notice, the question of improving the public water supply system of the Village as provided in the Ordinance and Loan Agreement shall be submitted to the electors of the Village at the next election to be held under general election law on April 2, 2019. A petition form is available from the office of the Village Clerk.

/s/ Jennifer Brewer

Jennifer Brewer, Village Clerk

Village of Ivesdale

Champaign and Piatt Counties, Illinois

SEAL

1394358 10/24


Whirlpool Glass Top Stove

Whirlpool Glass Top Stove, clean, $100 obo. 217-469-7630 leave message.


Whirlpool Portable Dishwasher

Whirlpool Portable Dishwasher, 2 years old, excellent condition, $225. ****SOLD****


Wood Splitter

Wood Splitter, DR Power Equip, 6-ton, 110V, 16” Max, Exc Cond. $583 new, ask $325. 352-0932