LOCATION: Central Library Conference Room

BOARD MEMBERS PRESENT: Mr. Frankel, Mrs. Froehlich, Mr. Lyons, Mrs. Miller, Mrs. Scott and Mr. Sesso

BOARD MEMBERS ABSENT: Mrs. Jonen

OTHERS PRESENT: Mr. Rankens, Mr. Madden, Mr. Ericson, Ms. Peterson, Mr. Miller, Mrs. Jones and Ms. Teasdale

TIME MEETING BEGAN:
7:30 p.m.

Pledge of Allegiance

Public Comments

Board Comments.
Mrs. Miller reported on the opening of the Schaumburg exhibit at the Chicago Historical Society. Several library Board and staff members attended the reception last Saturday. She also reported on an exhibit at the Hoffman Estates Village Hall that includes many local artists. She commented that on September 18th she would be attending a hearing at the Hoffman Estates Village Hall on the Governor’s vetoes. She would be giving a statement relating to cuts in the per capita grants and the funding of the Illinois State Library.
Mr. Frankel reported that on Sunday October 7th there would be an open house at the library for the Director’s 40th anniversary.

Minutes.
It was moved by Mrs. Miller and seconded by Mr. Sesso that:
The minutes of August 20, 2007 be approved.
Motion passed unanimously.

Report on Library Investments.
Larry Rankens of Mischler Financial Group, the firm responsible for library investments, then spoke. He first distributed a report giving background on the investments that the library presently has. He noted that basically the library invests in government securities. Mr. Frankel mentioned that only highly rated investment are allowed and that the library has an investment policy prepared by the attorney.
There was then a discussion about the fact that the Cook County Treasurer has not released tax bills. This has resulted in the library borrowing a substantial amount of money from the Working Cash Fund. If the delay continues, some additional securities will have to be sold. Mr. Frankel noted that the borrowing has reduced the amount of interest that the library will be collecting. Mrs. Miller suggested that Timothy Schneider, a suburban member of the Cook County Board, be contacted to explain the issues relating to the late distribution of taxes in the county.

Public Library Association Conference.
The Public Library Conference will be held in Minneapolis March 25th through March 29th. Mrs. Miller said that she plans to attend this conference and recommends that other trustees consider attending. Several expressed interest. Mr. Madden said that hotel reservations need to be placed now since hotels in the downtown area will fill up fast. Mrs. Miller also noted that she is on several ALA committees and plans to attend the American Library Association Midwinter Meeting.

Presentation by John Ericson and Amy Peterson.
John Ericson and Amy Peterson then discussed the library services demonstration that they have been presenting both within and outside of the library at locations such as the train station, the Farmer’s Market and various business expos. Mr. Frankel said that this is a wonderful example of marketing and he commended them for their outreach activities.

Staff Reports.
A report on visits to the Library’s web page had been prepared by Mr. Madden. The book Standards for Illinois Public Libraries was distributed to each trustee.

North Suburban Library System.
Mrs. Scott reported that there was no August meeting and the September meeting will be next week. She plans to attend. She also did an update on the Trustee training seminars offered by the system.

Treasurer’s Report.
Mr. Frankel noted that almost no income has been received and that it is still too early in the fiscal year to have a good overview of expenses.
It was moved by Mr. Frankel and seconded by Mrs. Froehlich that:
$908,354.99 be transferred from the Working Cash Fund to the Operating Fund.
Roll call vote:
   Mrs. Froehlich     Yes
   Mr. Sesso     Yes
   Mr. Lyons     Yes
   Mr. Frankel     Yes
   Mrs. Miller     Yes
   Mrs. Scott     Yes

Tax Objections for 2000 and 2001.
The Board had discussed this matter last month and had asked for a review of how other taxing districts handle similar tax objections. The common practice is to negotiate a settlement since the costs of going to court can be substantial. The Board agreed that the best way to handle this matter is to negotiate a settlement.

Per Capita Grant.
It was moved by Mrs. Miller and seconded by Mr. Frankel that:
The per capita grant application be approved.
Roll call vote:
   Mrs. Froehlich     Yes
   Mr. Sesso     Yes
   Mr. Lyons     Yes
   Mr. Frankel     Yes
   Mrs. Miller     Yes
   Mrs. Scott     Yes

The Safety Committee worked hard on revising all of the safety procedures that were a part of this grant application.

School District #54.
It was moved by Mr. Lyons and seconded by Mr. Frankel that:
A request from school District #54 to use the entire Rasmussen Room on October 9th and November 29th be approved.
Motion passed unanimously.

Executive Session.
Mrs. Scott reported that there was no need to hold an executive session.

Adjournment.
It was moved by Mr. Lyons and seconded by Mrs. Miller that:
The meeting adjourn.
Motion passed unanimously.

Time of Adjournment.
8:25 p.m.