C. Village Board

APPROVED SPECIAL MEETING OF THE LAKE ZURICH BOARD OF TRUSTEES 70 EAST MAIN ST. MONDAY, NOVEMBER 10, 2008 1. CALL TO ORDER AND ROLL CALL Meeting was called to order at 8:56 pm. Present were Village President Tolomei, Trustees Branding, Callahan, McAvoy, and Poynton. Excused: Trustees Johnson and Taylor. Also present were Village Administrator Vitas and Village Finance Director Zochowski. 2. Consideration of an Ordinance approving conversion of a line of credit to a promissory note or similar debt instrument and extension of that instrument for a one-year period. MOTION made by Trustee Callahan, seconded by Trustee Poynton, to approve a an Ordinance approving conversion of a line of credit to a promissory note or similar debt instrument and extension of that instrument for a one-year period. (Assign ORD. #2008-11-589) AYES: 4 Trustees Branding, Callahan, McAvoy, and Poynton NAYS: 0 MOTION CARRIED 3. ADJOURNMENT MOTION was made by Trustee McAvoy, seconded by Trustee Branding, to adjourn. Voice vote, all in favor. MOTION CARRIED Meeting adjourned at 8:58 pm. Respectfully submitted by: Janet McKay, Recording Secretary Approved by: _______________________ 11/17/08 President John G, Tolomei