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/ V .egoI Notice AN ORDINANCE determining the financing of a new library building and equipment for the McHenry- Nunda Public Library District, McHenry County, Illinois and authorizing the issuance of an installment note and the execution of a mortgage in connection therewith, WHEREAS, pursuant to the provisions of "The Illinois Public Library District Act," approved and effective July 17, 1967, as aihended (the "Act"), library districts maybe established and < libraries may be established, equipped and. maintained pur­ suant to the Act; and WHEREAS, The Board of Library Trustees (the "Board") of the McHenry-Nunda Public Library District, McHenry County, Illinois (tne "District"), is the owner of the hereinafter described real property (the "Site"); and WHEREAS, the Board has heretofore determined to improve the Site by the erection thereon of a new building to be used as a library for the District, and to equip the same, and has heretofore approved plans and specifications (the "Plan") submitted by K. M. Schaefer, McHenry, Illinois, for the construction of and equipping of a building on the Site (such con­ struction and equipping hereinafter referred to as the "Project"); and WHEREAS, the estimated cost of completion of the Project is ap- approximately $160,000. and it is necessaiy that the Board determine the funds that will be available to pay said cost of financing the Project; and WHEREAS, the Board has caused notice of these proceedings and of the meeting at which financing the Project was to be discussed to be duly given, all in ac­ cordance with the Act; and WHEREAS, the Board has heretofore accumulated funds to accomplish the Project in the amount of $40,000, which funds are legally available to pay a portion of the cost of the Project; and WHEREAS, it is necessary at this time that the Board deter­ mine the amount that will be available from accumulations and the amount to be raised from a bond issue, by annual certification, or by a mortgage and determine the term, not exceeding 20 years, over which they shall spread the collection of the costs of the Project, and make a record of their proceedings; and WHEREAS, pursuant to the Act if the Board deems it best in order to provide and secure the necessary money to finance the Project they may at any time borrow money and execute a mortgage on the Site for an amount nbt ex­ ceeding 75 percent of the value thereof as im­ proved by the Project and shall determine and certify, by ordinance, the amount of the mortgage, and the amount of principal and interest to be retired each year for a specified number of years; and WHEREAS, the Board has heretofore determined and does hereby determine it best in order to provide and secure the necessary money to finance the Project that the District borrow the sum of $120,000 and as evidence of such indebtedness execute its installment note (the "Note") in the principal amount of $120,000, dated August 15,1983, bearing interest at the rate of ten percent (10 % ) per annum, payable on September 20,1983, and on the 20th day of each month thereafter until paid, and to secure the Note, execute a mortgage (the on the the First National Bank of McHenry, McHenry, Illinois (the "Bank ), has heretofore agreed io loan the Dsitnct the sum of $120,000 and as evidence of said in­ debtedness to purchase the Note secured by the Mortgage (said Note and said Mortgage together hereinafter sometimes referred to as the "Security Documents"): NOW, THEREFORE, Be It Ordained by The Board of Library Trustees of the McHenry-Nunda Public Library District, McHenry County, Illinois, as follows: Section l. That the preambles of this or­ dinance be, and the same hereby are, in­ corporated in the text hereof as if set out herein in full. Section 2. That the Plan for the Project as presently on file at the public library operated by the District be, and the same hereby is, approved. section 3. That the total cost of the project is not less than $160,000 and that it is in the best interest of the District that $40,000 of said cost be paid with funds heretofore accumulated by the District and legally available / therefor and that $120,000 of said cost be paid with funds obtained by the issuance, execution and delivery of the Security Documents, all in ac-. cordance with the provisions of the Act, it being hereby expressly found that said amount of $120,000 does not exceed 75 percent of the value of the hereinafter described Site as im­ proved by the Project. Section 4. That the Note shall be in the principal amount of $120,000, be dated August 15, 1983, bear interest at the rate of ten percent (10 % ) per annum, be payable in annual installments of '$1,289.54 on Sep­ tember 20,1983, and the 20th day of each month thereafter until paid, with a final installment due and payable August 20,1998, m substantially the form submitted to the meeting at which this Ordinance was adopted (which form is hereby ordered to be identified by the signature of the Secretary and is or­ dered to be tiled with the permanent minutes of said meeting) and that the Board does hereby determine and certify that the total amount of principal thereof and interest thereon to be retired each year shall be as follows: Section 9. That the contract with the Bank for the issuance, execution and delivery of the ' Security Documents heretofore entered into shall be, and the same hereby is. ratified, approved and confirmed, it being hereby expressly ffeind that no person holding any office of the District, either bj is in -any manner in­ terested* either directly or indirectly, in his or her own name or the name of any other person, association, trust or corporation, in said contract. Section 10. That from the amounts received upon the issuance, execution and delivery of the Security Documents, all prin­ cipal proceeds shall be. deposited into the $120,000 Installment Note Project Fund (The "Project Fund"); hereby created, and disbursements shall be made from the Project Fund only for the purposes for which the Security Documents are being issued, executed and delivered, as set forth in the preceding text, including expenses or issuance thereof or otherwise incidental thereto or to the Project, and for which the principal proceeds are hereby ap­ propriated. Accrued interest, if any, received from the execution, issuance and delivery of the Security Documents shall be and hereby is appropriated for the purpose of paying first interest due on the Security Documents and, to that end, is hereby ordered deposited into the $120,000 Security Documents Fund (the "Note Fund") which fund shall be used solely and only for the payment of principal and interest on the Security Documents. Project is ex­ pected to proceed with due diligence to completion, (e) no portion of the acquisitions or improvements constituting a part of the Project has been or is expected to be sold ' or otherwise disposed of in whole or in material part prior to the last maturity of the Security Documents. "Material part" means (i) land, or (ii) any im­ provement, or (iii) personal property or fixtures in excess of that which is expected to be sold, traded in or discarded upon wearing out or becoming ob- mrdmtm (f) The District will receive par plus accrued interest, if any. from the sale of the Security Documents. . (g) Except for the Note Fund, the District has not created or established and will not create or establish any sinking fun, reserve fund or any other similar fund to provide for the payment of the security Documents. The Note Fund has been established and will be funded in a manner primarily to achieve a proper matching of revenues and debt service, and will be depleted at least annually to an amount not in excess of one- twelfth the particular annual debt service on YEAR 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1996 PRINCIPAL $ 1,172.72 3,761.03 4,154.86 4,589.93 5,070.56 5,601.51 6,188.06 6,836.03 7,551.86 8,342.68 9,216.22 10,181.27 11,247.39 "Mima' JkPM* Tyr-,-1 INTEREST $ 977.55 11,713.45 11,319.62 10,884.55 10,403.92 9,872.97 9,286.42 8,638.45 7.922.62 7,131.85 6,258.26 5,293.21 4,227.09 3,049-34 *T*yr r»T Section 5. That there be executed the Mortgage in substantially tne form submitted to the meeting at which this Ordinance was adopted (which form is hereby ordered to be identified by the signature of Hie Secretay and is order to be filed with the per­ manent minutes of said meeting), on the site, legally described as follows: Lots 4, 5, 6, 7, 8, 9 and 10 in Block 13 in Lilymoor, being a Sub­ division of the Southwest Quarter of Sec­ tion 32. Township 45 North. Range 9 East of the Third Principal \ Meridian, ac- cording to the Plat thereof recorded April 10. 1928 as Document No. 82909, in Book 6 of Plats, pages 46 and 47, in McHenry County, Illinois. Section 6. That the forms, terms and provisions of the Security Documents be, and the same hereby are, in all respects approved and that the officials of the District be, and the same hereby aflre. authorized, empowered and directed to execute, attest and deliver the Security Documents to the purchasers thereof, their execution and delivery thereof to constitute conclusive evidence erf their a] proval of any and changes therein from the forms of the Security Documents before tnis meeting, and that said dfficals be, and the same hereby are, empowerea. authorized and directed to do all such acts and things and to execute all such documents as may be necessary to cary out and comply with the provisions of the Security Documents as executed. Section 7. That the money so obtained from the issuance, execution and delivery of the Security Documents shall be used ex­ clusively for the Project as provided in the Plan. Section 8. That hereafter the Board shall, in each suc­ ceeding , annual ap­ propriation ordinance, include the amount certified and due hereunder for payments on the Security Documents and shall include such amount in the annual library tax levy. Moneys available for payment of the Security Documents shall be deposited into the Note Fund and shall be used solely and only for paying the Security Documents. Interest received from deposits therein shall be retained in the Note Fund for payment of the Security Documents on the in­ stallment payment date next after such interest is received. Section 11. That the B o a r d h e r e b y represents and certifies as follows with respect to the Security Documents: (a) The District has heretofore incurred, or within six months after delivery of the Security Documents ex­ pects to incur, substantial binding obligations with respect to the Project to be paid for with money received from the sale of the Security Documents, said -t BALANCE $116,993.57 115,066.25 110,911.38 106,321.45 101,250.90 95,649.38 89,461.32 82,625.29 75,073.43 66,730.80 57.514.58 47,333.31 36,085.92 23,660.78 '9,934:57 .00 ,',v {..'.A fie s obligations comprising binding contracts for work on the Project in not less than the amount of $3,000, such sum being not less than 2Vz percent of that portion1 of the Project to be financed , with proceeds of the Security Documents. (b) Over $102,000 (being an amount equal to 85 per­ cent) of the money derived f r o m t h e issuance, execution and delivery Of the Security Documents and deposited in the Project Fund will be expended on or before Dec. 15, 1983, for the Brers Project, said date being within three years following the date of issue of the Security Documents. (c) All of the principal proceeds of Security Documents will be used, needed and expended for the purpose of paying tne cost of the Project. (d) Work on the the Security Documents. Money deposited in the Note Fund will be spent within a 13-month period beginning on the date <n deposit, and in­ vestment ear­ nings in the Note Fund will be spent within a 1- year period beginning on the date of receipt, (h) The foregoing statements of expectation are based upon the following facts and estimates: (1) Amounts shown as to be received will be received pur­ suant to contract of sale. (2) Amounts paid or to be paid into various funds and accounts h a v e b e e n directed to be paid into said funds and ac- c o u n t s b y authority hereof. (3) The an­ ticipated dates of expenditure of money in the Project Fund derived from the sale of the Security Documents and the amount to be spent on or before such dates is based upon consultation with K. M, Schaefer, M(Henry Illinois, the architect- engineer charged with responsible supervision of the be* of the knowledge and belief of the District, there are n o f a c t s , estimates or circumstances t h a t w o u l d materially c h a n g e t h e conclusions and representations set out in this section and such expectations hereinabove v set o u t a r e reasonable. (j) The District has not been notified of any l i s t i n g o r proposed listing of it by the In­ ternal Revenue Service as a bond issuer whose , arbitrage cer­ tifications may not be relied upon. The District also certifies and further covenants with the purchasers and holders of said Security Documents from time to time outstanding that so long as any of said Security Documents remain outstanding, moneys on deposit in any fund or account in connection with said Security Documents, whether or not such moneys were derived from the proceeds of the sale of said Security Documents or from any other source, will not be used in a manner which will cause such Security Documents to be "ar­ bitrage bonds" within the meaning of Section 103(c) erf the Internal Revenue Code of 1954, as amended, and any lawful regulations promulgated thereunder, including Treas. Reg- SSI.103-13, 1.103-14 and 1.103.15 (1979) as the same presently exist, or may from time to time hereafter be amended, supplemented or revised. The District reserves the right, however, to make any investment of such moneys permitted by state law if. when and to the extent that said Section 103(c) or regulations promulgated thereunder shall be repealed or relaxed or shall be held void by final decision of a court of co mp e t e n t jurisdiction, but only if any investment made by virture of such repeal, relaxation or decision would not, in the opinion of counsel of recognized competence in such matters, result in making the interest on said Security Documents subject to f e d e r a l i n c o m e taxation; o i - : > * * Section 12. That tius ordinance shall be published within twenty (20) days after passage in the McHenry Plaindealer, being a newspaper published in and having a general circulation within the District. Section 13. That all ordinances, resolutions and orders, or parts thereof, in conflict herewith are, to the extent of such conflict, hereby repealed, and this ordinance shall be in full force and effect upon its passage and publication as provided by law. Adopted this 15th day of August, 1983. • Frank E. Colomer, 1 President. The Board of Library Trustees, McHenry-Nunda Public Library District, McHenry County, Illinois (SEAL) Attest: Edna Mueller, Secretary, The Board of Library Trustees, McHenry- Nunda Public Library District, McHenry County, Illinois (Pub. Aug. 19,1983) No. 830371 Legal Notice NOTICE TO CONTRACTORS 1. TIME AND PLACE OF OPENING BIDS: Sealed proposals for the improvements * described below will be received at the office of: The Nunda Township' Road District 3518 Bay Road Crystal Lake, Illinois 60014 until 10:00 a.m., CDT, Friday, August 26,1963. 2. INSTRUCTIONS TO BIDDERS: Plans, specifications, and contract documents may be obtained from t h e C o n s u l t i n g Engineers. Charles W. Greengard Associates, Inc., 231 Old Half Day Road, Lincolnshire, P.O. Box 151, Prairie View, Illinois 60069, upon deposit of twenty- five dollars ($25). All plans and specifications shall be returned to the Engineer in good condition at the time of receiving bids. The amount of deposit to be refunded is as follows: A) To Bidders - 100 percent refund for first set of plans and specifications returned prior to bid opening. No refund for extra sets. B) To Non-Bidders - 50 percent refund for first set of plans and specifications returned prior to bid opening. No refund for extra sets. Bidders bidding as subcontractors are entitled to plan deposit refunds in accordance with A and B above. 3. PREQUALIFICATION OF BIDDERS: All bidders will submit a resume of similar projects performed, enumerated as to location, type of work, approximate com­ pletion date, and supervising engineering or ar­ chitectural firm. Ad­ ditionally, all bidders will submit a list of equipment owned by or available to them for the efficient pursuance of the project. 4. REJECTION OF BIDS: The township Road Commissioner reserves the right to reject any or all bids and bidders and to waive all technicalities. 5. LOCATION OF WORK: Lily Lake Road from River Road north approximately 2,000 feet in Nunda Township, McHenry County, Illinois. 6. DESCRIPTION OF WORK: Reconstruction of approximately 2,000 lineal feet of Township roadway. 7._Bidder's Bonds will be accepted as bid f (Uiii MS*"* -w 8. COMPLETION DATE: Work to be substantially completed by November 15, 1983. (Pub. Aug. 17,19 & Aug. 24,1983) No. 830365 Legal Notice IN THE CIRCUIT COURT OF THE NINETEENTH JUDICIAL CIRCUIT McHENRY COUNTY, WOODSTOCK, ILLINOIS PERCY WILSON ) MORTGAGE ) AND FINANCE ) CORPORATION, ) Plaintiff, -vs- ERICR PICKELL, JANICE L. PICKELL, his wife, and UNKNOWN OWNERS, Defendants. No. 83CH223 The requisite affidavit for publication having been filed, notice is hereby given you, ERIC R. PICKELL, JANICE L. PICKELL, his wife, a n d U N K N O W N OWNERS. Defendants in the above-entitled suit, that the said suit has been commenced in the Circuit Court of the Nineteenth Judicial Circuit, McHenry County, IL. by the said Plaintiff against you described as follows to wit: Lot 9 in Block 14 in Holiday Hills Unit No. 1, a Subdivision of part of the North­ west Quarter of Section 17, and part of Fractional Section 18, Township 44 North, Range 9. East of the Third Principal Meridian, ac­ cording to the Plat thereof recorded May 10, 1955 as Document No. 292377 in Book 12 of Plats, Page < 24, in McHenry County, Illinois. Commonly known as: 1502 West Pine Street, McHenry, IL., 60050. and which said mor­ tgage was made by ERIC R. PTPKELL. JANICE L. PICKELL, his wife to PERCY WILSON MORTGAGE A N D F I N A N C E CORPORATION as m o r t g a g e e a n d recorded in the Office of Recorder of Deeds, McHenry County, Illinois as Document No. 839158. And for other relief, that summons was duly issued out of the said Court against you as provided by law, and that the saia suit is now pending. Now therefore, unless you, the said above- named defendants, file your answer to the Complaint in the said suit or otherwise make your appearance therein, in tne office of the Clerk of the Circuit Court of the the Nineteenth Judicial Circuit McHenry County, Illinois, in the City of Woodstock, Illinois, on or before the 13th day of Sept., 1983. default may be entered against you at anytime after that day and a decree entered in ac­ cordance with the prayer of said Com­ plaint. Dated Aug. 5, 1983 Vernon W. Kays, Jr., Clerk of the Circuit Court CODILIS AND ASSOCIATES Attorney for Plaintiff 1S. 376 Summit Avenue, Suite 2A Oakbrook Terrace, Illinois 60181 (312) 629-8444 (Pub. Aug. 12,19 & Aug. 26,1983) No. 830355 Legal Notice STATE OF ILLINOIS COUNTY OF McHENRY IN THE CIRCUIT COURT OF THE 19TH JUDICIAL DISTRICT McHENRY COUNTY -- WOODSTOCK, ILLINOIS FIRST FEDERAL ) SAVINGS OF ) CHICAGO ) ) the SOFT WATER RENTAL 9", •NO installation charge •NEW fully automatic softeners •TWO year option to buy with •FULL rental fee deducted •ONE phone call can answer fgftt any questions v 312-259-3393 SOft\ ARLINGTON SOFT WATER CO. PLAINTIFF ) VS ) ) STEPHEN L. ) WILEY;LYNDA ) S.WILEY; ) COLUMBIA ) NATIONAL ) BANK OF ) CHICAGO, ) AS TRUSTEE ) U-T-A TR. NO. ) 1270; THE ) UNITED ) STATE OF ) AMERICA ) c-o Joan Laser; ) UNKNOWN ) OWNERS; ) ) DEFENDANTS ) NO. 83 CH 153 NOTICE OF JUDICIAL SALE PURSUANT TO J U D G M E N T O F FORECLOSURE PUBLIC NOTICE IS HEREBY GIVEN that pursuant to a Judgment of Foreclosure ana Sale entered by said Court in the above entitled cause on August 5, 1983, I, Sheriff or Associate Judge of McHenry County, Illinois, will on September30,1983, at-in M c H e n r y C o u n t y Courthouse, Courtroom No. 308, Woodstock. Illinois, at 9:00 a.m., sell at public auction and sale to the highest bidder for cash, all and singular, the following described real estate mentioned in said Judgment, situated in the County of McHenry, State of Illinois, or so much thereof as shall be sufficient to satisfy said Judgment, to wit: Loi d in Block 13 in Eastwood Manor Unit No. 4 being a Sub­ division of part of the Southeast Suarter of Sec-on 25, Township 45 North, Range 8 East of the Third Principal Meridian, ac­ cording to the P l a t t h e r e o f recorded October 19, 1960 as Document No. 376558, in Book 14 of Plats, page 63, i n M c H e n r y County, Illinois. COMMONLY KNOWN AS: 1214 North Hillside Lane McHenry, Illinois 60050 Together with all buildings and im­ provements thereon, and the tenements, hereditaments ana appurtenances thereunto belonging. DATED: August 5, 1983 Vernon W. Kays, Jr. Clerk of the Court 2200 North Seminary Woodstock, Illinois 60098 (Published in The McHenry Plaindealer on Aug. 12,19 & 26,1983) No. 830359 Legal Notice STATE OF ILLINOIS COUNTY OF McHENRY IN THE CIRCUIT COURT OF THE 19TH JUDICIAL DISTRICT McHENRY COUNTY - WOODSTOCK, ILLINOIS ADVANCE MORTGAGE CORPORATION PLAINTIFF VS RONALD HERMAN BOSSE; NANCY J. BOSSE; STATE BANK OF WOODSTOCK, AS TRUSTEE, U-T-A TR. No. 2511; DES PLAINES NATIONAL BANK; UNKNOWN OWNERS; MCGLADREY HENRICKSON & CO.; DEFENDANTS NO. 83 CH 174 \ •» NOTE OF JUDICIAL SALE PURSUANT TO J U D G E M E N T O F FORECLOSURE PUBLIC NOTICE IS HEREBY GIVEN that pursuant to a Judgment of Foreclosure ana Sale entered by said Court in the above entitled cause on August 5, 1983, I, Sheriff or Associate Judge of McHenry County, Illinois, will on September 16,1983, at-in M c H e n r y C o u n t y Courthouse, Courtroom No. 308, Woodstock. Illinois, at9:00 a.m., sell at public auction and sale to the highest bidder for cash all and singular, the following described real estate mentioned in said Judgment, situated in the County of McHenry, State of Illinois, or so much thereof as shall be sufficient to satisfy said Judgment, to wit: Lot 6 in Sunnyside Estates Unit No. 6, a Subdivision of part of the North­ west Quarter of S e c t i o n 1 8 , T o w n s h i p 4 5 North, Range 9, East of the Third Principal Meridian, ac­ cording to the P l a t t h e r e o f recorded June 7, 1973 as Document No. 595567 in McHenry County, Illinois. COMMONLY KNOWN AS: 1804 W. Church McHenry, 111. 60050 Together with all buildings and im­ provements thereon, and the "tenements, h e r e d i t a m e n t s a n a appurtenances thereunto belonging. DATED: August 5, 1983 Vernon W. Kays, Jr., Clerk of the Court 2200 North Seminary Woodstock, Illinois (Published in The McHenry Plaindealer on Aue. 12,19 & 26,1983) Wo. 830360 Legal Notice NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN by the Board of Education of School District Number 156, in the County of McHenry. State of Illinois, that tentative budget for said District for the rear beginning 1983 will be on and conveniently available to public in­ spection at 3926 W. Main S t r e e t , M c H e n r y . Illinois, in this School District from and after 8 o'clock a.m., on the 22nd day of August, 1963. Notice is further hereby given that a public hearing on said budget will be held at 7:30 o'clock p.m. on the 20th day of September, 1983, at 3926 Vf. Main Street, McHenry, Illinois, in this School District Number 156, in the County of McHenry, State of Illinois. (Pub. Aug. 19,1983) No. 830373 SAFETY HINTS BY SECRETARY OF STATE JIM EDGAR Many people think they have the right-of- way every time they cross a street. However, pedestrians must yield to vehicle traffic in certain situations. Here are some examples: 1--Pedestrians must obey traffic signals and walk lights, and use the right half of the c r o s s w a l k w h e n practical. When the steady yeltow signal appears, pedestrians are not allowed to cross the street unless directed by a pedestrian-control signal or a police of­ ficer. 2--Pedestrians who cross at any place other than a marked or un­ marked crosswalk at an intersection must yield the right-of-way to all vehicles. 3--Pedestrians are not allowed to walk on a road or highway if there is a sidewalk next to it. If there is no sidewalk, they should walk on a s h o u l d e r a s f a r a s possible from- the edge of the road. If there is no sidewalk or shoulder they should walk in the road as close as possible to the edge. If it is a two- way road, they should walk on the left side and step off when a vehicle appears. 4--reuestrians are prohibited from hit­ chhiking. Conviction may result in up to a year in prison and a fine not to exceed $1,000. If you have any questions about the Secretary of State's office, please feel free to use our toll-free telephone number (800- 252-8980).(A copy of the Rules of the Road will be sent to you upon request. Write to Jim Edgar, Secretary of State, Springfield, 111. 62756.) CONSUMER VCHECKUST Hold (he Salt Almost all of us con­ sume more salt than we really need. The body can normally get along just fine with less than a fo­ urth of a teaspoon a day. There is no problem with excess salt in many peo­ ple. The kidneys Alter it out safely. It seems that some people are inclin­ ed to develop high blood pressure and extra salt becomes a contributing factor. The safest gener­ al rule is to cut back. v AFFORDABLE DENTAL CARE Dentures ExtractiftM Relining | Repairs MmM--n " or Rebuilding j Rellnes tail' CmmMmk Sam* Day j Rebaslng «« Raat Canals i Partial* CONSULTATION Crowns DENTAL LAB WORK DONS ON PREMISES DENTISTS AND DENTUR1STS Rapairs From $14 Whil* U Wait $<Kool Orlvi a Hwy i« 500 School Dr.--Fox River Grovo 312-439-0041 V V s 0