Geneva Public LIbrary District recently announced a resolution to support the building of a new library building.
This is the resolution as provided by Geneva Public Library District:
WHEREAS, The board of library trustees (the "Library board") of the Geneva public library district, Kane County, Illinois (the "District"), has found and determined and does hereby find and determine that it is necessary and in the best interests of the district, in order to operate an efficient public library system, to erect a building to be used as a library on District-owned property, improve said property, including parking and furnish necessary equipment for said library building (collectively, the "project"); and WHEREAS, the library board has retained the architectural firm of StudioGC, Chicago, Illinois, and has directed said firm to develop and prepare a plan and an estimate of cost for the project (such plan and estimate of cost being respectively referred to herein as the "plan" and the "estimate") for examination by and approval of the library board; and
WHEREAS, the library board has examined the plan and the estimate; and
WHEREAS, the library board has considered the various methods of financing the project and the term over which the retirement of the indebtedness shall be spread;
Now, Therefore, be it and it is hereby resolved by the Board of library trustees of the Geneva public library district, Kane county, Illinois, as follows;
Section 1. That the plan and estimate be and the same are hereby approved.
Section 2. That the plan and estimate as prepared for the library board and approved by the same be placed on file with the librarian for the district at the Geneva Public LIbrary building and be thereby made conveniently available for public inspection.
Section 3. That the library board does hereby determine that the amount of $24,900,000 is needed for the project and that of said sum, $-0- will be available form accumulations and $24,900,000 shall be raised by the issuance of bonds of the district.
Section 4. That the library board has determined and does hereby determine that said bonds be spread over a period not to exceed twenty (20) years from the date of issuance of said bonds.
Section 5. That a public meeting be held on the 22nd day of November, 2016 at 7:00 P.M., at which meeting the financing of the project shall be determined.
Section 6. That notice of said public meeting shall be given (i) by publication in the Daily Herald, the same being a newspaper published and circulated in the district and (ii) by posting at the library building, in each case not less than 30 days before the day of said meeting; and there are not any municipal libraries or township libraries which lie entirely or partially within the district which will be affected.
Section 7. That the notice so published and posted shall be in substantially the following form:
Resolution 2017-2
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