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Trustee reviews ordinance changing promissory-note terms to finance property purchase
Summary
At the June 25 Stone Park Board meeting Trustee Marco A. Gutierrez reviewed Ordinance 24-13, described as an amendment authorizing General Obligation Promissory Notes to finance a property purchase and to modify note terms; the minutes record the review but do not show a vote.
Trustee Marco A. Gutierrez presented the Village's Aged Trial Balance through June 25, 2024 and reviewed Ordinance 24-13, an amendment authorizing the issuance of General Obligation Promissory Notes to finance the purchase of property and to modify certain terms of those notes.
The review appeared on the finance report; the minutes do not record a motion or vote on Ordinance 24-13 during the June 25 meeting. No additional fiscal details, such as the note principal, interest rate changes, repayment schedule or purchaser information, were specified in the excerpted minutes.
The minutes list the ordinance by number and purpose but provide no immediate procedural outcome. The board's next steps and whether the ordinance will return for a formal vote were not specified in the record provided.
