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HomeMy WebLinkAbout6. NEW BUSINESS 04/08/2009 Mount Prospect ~ Mount Prospect Public Works Department INTEROFFICE MEMORANDUM DATE: MARCH 18, 2009 TO: VILLAGE MANAGER MICHAEL E. JANONIS FROM: DIRECTOR OF PUBLIC WORKS SUBJECT: CONSTRUCTIONIREPAIRS OF INFRASTRUCTURE ON STAT IDGHWAYS For many years, the Illinois Department of Transportation has required municipalities, inc1u ng Mount Prospect, to pass resolutions in lieu of surety bonds in order to perform emergency construction work within State of Illinois rights-of-way. The resolution remains in effect for two years. The resolution for the years 2007 and 2008 was passed on March 6, 2007 Attached is the new resolution which will cover us for the years 2009 and 2010. I would greatly appreciate it if you could ask Lisa Angell to schedule it for passage at the April 8, 2009 Village Board meeting. Also, please have Lisa send the signed resolution to me for mailing to IDOT. Thank you. H:\Engineering\Agencies\IDOT\ROWRes09.doc c, RESOLUTION NO. A RESOLUTION IN LIEU OF A SURETY BOND IN ORDER TO PERFORM SPECIFIC CONSTRUCTION WORK WITHIN STATE OF ILLINOIS RIGHTS-OF-WAY WHEREAS, the Village of Mount Prospect, County of Cook, State of Illinois, desires to undertake in the years of 2009 and 2010, the location, construction, operation and maintenance of driveways and street returns, watermains, sanitary and storms sewers, street lights, traffic signals, sidewalk, landscaping etc., on State highways (rights-of-way) within the corporate limits of the Village of Mount Prospect, which by law and/or agreement come under the jurisdiction and control the Department of Transportation of the State of Illinois; and WHEREAS, an individual working permit must be obtained from the Department Transportation of the State of Illinois prior to any of the aforesaid installations being constructed either by the Village of Mount Prospect or by a private person of firm under contract and supervision of the Village of Mount Prospect. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Village of Mount Prospect hereby pledges its good faith and guarantees tha~ all work shall be performed in accordance with conditions of the permit to be granted by the Department of Transportation of the State of Illinois, and to hold the State of Illinois harmless on account of any damages that may occur to persons or property during the prosecution of such work, and assume all liability for damages to persons or property due to accidents or otherwise by reason of the work which is to be performed under the provision of said permit. SECTION TWO: That authorized officials of the Village of Mount Prospect are hereby instructed and authorized to sign said working permit on behalf of the Village of Mount Prospect. SECTION THREE: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of April, 2009. Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk C:\Documents and Settings\dbrown\Local Settings\Temporary Internet Files\OLKI \IDOTWORKPERMITapriI2009-201 O.doc Mowu Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois ~ FROM: MAYOR IRVANA WILKS VILLAGE BOARD OF TRUSTEES MICHAEL E. JANONIS MARCH 31, 2009 NORTHWEST CENTRAL 9-1-1 SYSTEM TO: DATE: RE: Northwest Central Dispatch System received an unsolicited request in July of 2008 from the City of Rolling Meadows to explore the possibility of joining the Agency as a full member and taking over all of its police and fire dispatching obligations. The System's growth policy is based on the financial contributions and operational efficiencies of the perspective member community. The Agency Board indicated that it would consider admission of Rolling Meadows if the following conditions were present: 1. The Agency had available "capacity" in its overall system to serve Rolling Meadows. 2. Rolling Meadows would bear all of the direct costs to make the modification to the system necessary to serve Rolling Meadows. 3. Rolling Meadows' entry would be operationally advantageous to the Agency and its members and Rolling Meadows would contribute their share to the invested "equity" of the Agency. The Board of Directors authorized the Executive Director to undertake an assessment for admitting Rolling Meadows satisfying these objectives. The study found no adverse impact on the System for the admission of the City of Rolling Meadows. Though there is not a significant financial benefit for Rolling Meadows' membership there are interoperable benefits with Rolling Meadows bordering the System's service area on all sides and the fact that the Rolling Meadows Fire Department has automatic response agreements with Arlington Heights and Palatine. This will eliminate the extra steps the Center's Telecommunicators currently have to take to notify Rolling Meadows that they are due to respond ultimately increasing their efficiency. Staff recommended that Rolling Meadows be admitted for membership. The Executive Committee supported staffs recommendation. The Rolling Meadows City Council passed the requisite membership resolutions on March 10, 2009. t)--e; RESOLUTION NO. A RESOLUTION APPROVING AN ADDENDUM OF NEW MEMBERSHIP IN THE NORTHWEST CENTRAL 9-1-1 SYSTEM WHEREAS, the President and Board of Trustees of the Village of Mount Prospect previously authorized entry by said Village into an Agreement to provide for and maintain a joint Enhanced 9-1-1 System known as Northwest Central 9-1-1 System, referred to as "the 9-1-1 System"; and WHEREAS, the City of Rolling Meadows has made application for membership in the 9-1-1 System; and WHEREAS, the 9-1-1 System Board of Directors has unanimously recommended approval of the request for membership made by Rolling Meadows; and WHEREAS, it is believed, the inclusion of an additional community in the 9-1-1 System will prove beneficial to both the 9-1-1 System and the Village of Mount Prospect; and WHEREAS, the new member has agreed to: 1. provide funds for its proportionate share of the cost of operation of the 9-1-1 System; and 2. provide all necessary funds required to add or modify hardware and/or software in order to accommodate the operational needs of the new member and to pay a proportionate share of normal 9-1-1 operational expenses; and 3. pay a proportionate share of debts and liabilities which may be incurred after the effective date of membership; and WHEREAS, the addition of new members to the 9-1-1 System requires approval of an Addendum of New Membership. NOW THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Mount Prospect, pursuant to Article VII, Section 10 of the 1970 Constitution of the State of Illinois; the Emergency Telephone System Act, 50 through ILCS 750/0.01 et seq.; and the Intergovernmental Cooperation Act, 5 ILCS 220/1 through 5 ILCS 220/9: SECTION ONE: That the Village Board of Trustees authorizes the Village of Mount Prospect to enter into an Addendum of New Membership which provides for the addition of the City of Rolling Meadows to the 9-1-1 System. SECTION TWO: That the President is authorized to sign the agreement, being the subject of this Resolution, a copy of said agreement being attached and made a part of as Exhibit "A". SECTION THREE: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of April 2009. Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk H:\CLKO\RES\NWCentraI9-1-1 addendumRESapril2009rollingmeadows.doc NORTHWEST CENTRAL 9-1-1 SYSTEM ADDENDUM OF NEW MEMBERSHIP WHEREAS, the Villages of Arlington Heights, Buffalo Grove, Elk Grove Village and Mount Prospect have previously formed a joint venture to install, operate and maintain an Enhanced 9-1-1 Emergency Telephone System, known as Northwest Central 9-1-1 System (the 9-1-1 System), pursuant to authority granted under terms of Article VII, Section 10 of the 1970 Constitution of the State of Illinois; the Emergency Telephone System Act, 50 ILCS 750/0.01 et seq.; and the Intergovernmental Cooperation Act, 5 ILCS 220/1 through 51LCS 220/9; and WHEREAS, the City of Prospect Heights and the Villages of Hoffman Estates, Inverness, Palatine, Schaumburg and Streamwood have subsequently joined the 9-1-1 System; and WHEREAS, it is believed that the inclusion of an additional community in the 9-1-1 System will prove beneficial to both the 9-1-1 System and the Village; and WHEREAS, the new member has agreed to: 1. provide funds for its proportionate share of the cost of operation of the 9-1-1 System; and 2. provide all necessary funds required to add or modify hardware and/or software in order to accommodate the operational needs of the new member, and to pay a proportionate share of normal 9-1-1 operational expenses; and 3. pay a proportionate share of debts and liabilities which may be incurred after the effective date of membership; and IT IS THEREFORE AGREED by the Village of Mount Prospect to accept the City of Rolling Meadows as a full participating member of the Northwest Central 9-1-1 System, effective upon the approval of all current members and according to terms of the attached Memorandum of Agreement marked Exhibit "A." Dated this day of April, 2009 Irvana K.Wilks Mayor Attest: M. Lisa Angell Village Clerk RESOLUTION NO. A RESOLUTION AUTHORIZING ENTRY INTO AN AMENDED AGREEMENT FOR NORTHWEST CENTRAL DISPATCH SYSTEM WHEREAS, the President and Board of Trustees of the Village of Mount Prospect previously authorized entry of said Village into an Agreement to provide for and maintain a Central Emergency Dispatch operation known as Northwest Central Dispatch System, hereinafter referred to as "NWCDS"; and WHEREAS, NWCDS has proven successful in providing emergency communications services to the Village of Mount Prospect police and fire departments; and WHEREAS, the City of Rolling Meadows has made application for membership in NWCDS; and WHEREAS, the NWCDS Board of Directors has unanimously recommended approval of the membership request of Rolling Meadows; and WHEREAS, it is believed, the inclusion of an additional community in the System will prove beneficial to both the System and the Village of Mount Prospect; and WHEREAS, the addition of new members to NWCDS requires approval of an amended Venture Agreement. NOW THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Mount Prospect, pursuant to Article VII, Section 10 of the 1970 Constitution of the State of Illinois and the Intergovernmental Cooperation Act, 5 ILCS 220/1 through 5 ILCS 220/9: SECTION ONE: That the Board of Trustees do hereby authorize the Village of Mount Prospect to enter into an amended Agreement for Northwest Central Dispatch System which provides for the addition of the City of Rolling Meadows to NWCDS. SECTION TWO: That the President is authorized to sign the agreement, being the subject of this Resolution, a copy of said agreement being attached and made a part of as Exhibit "A". SECTION THREE: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of April 2009. Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk H :\CLKO\ WIN\RESOLUTION\NWCentraIDispatchamendedagreementRESapriI2009roll ingmeadows. doc NORTHWEST CENTRAL DISPATCH SYSTEM VENTURE AGREEMENT THIS AGREEMENT, entered into on the effective date hereinafter set forth, by and between the local governments signatory hereto (and also those which may hereafter become signatory hereto): WIT N E SSE T H: WHEREAS, a Central Dispatching System has existed in Northwestern Cook County and in parts of DuPage, Kane and Lake Counties since 1972; and WHEREAS, such System has been demonstrated to be of great value to its constituent municipalities, the signatories hereto; and WHEREAS, the addition of another municipality to the System will provide for more efficient and economical dispatching of life and property saving services; and WHEREAS, the cost of providing and maintaining a central dispatChing system is probably excessive for anyone of such signatories; and WHEREAS, a centralized police, fire and other emergency dispatching system can adequately serve the needs of all of such signatories; and WHEREAS, Article VII, Section 10 of the 1970 Constitution of the State of Illinois and the Intergovernmental Cooperation Act, 51LCS 220/1 through 220/9, authorize joint exercise be two or more local governments of any power common to them; and WHEREAS, it is the desire of the signatories hereto to jointly provide for and maintain a central dispatching system for their mutual advantage and concern. NOW, THEREFORE, for and in consideration of the premises, the mutual advantages to be derived therefrom and in consideration of the mutual covenants herein contained, it is agreed by and between the parties hereto as follows: 1. Venture Established. Pursuant to the joint powers authorization of the Illinois Constitution and the Intergovernmental Cooperation Act, 5 ILCS 220/1 through 5 ILCS 220/9, the undersigned do hereby federate together in a cooperative venture for the joint and mutual operation of a centralized communications system, to be know as "Northwest Central Dispatch System" (hereinafter designated as NWCDS) which shall consist of all of the local governments which may hereafter become signatory hereto. 2. Bv-Laws. NWCDS shall be subject to and shall be governed by certain By-Laws, a copy of which is attached hereto as Exhibit "A" and by this reference 2 made a part of this Agreement, together with any amendments, which may be made to said By-Laws in the manner and means therein set forth. 3. NWCDS Participation. Each participating local government of the Central Dispatching System (and each local government which may hereafter sign after approval as required by the By-Laws, provided such local governments are eligible to participate pursuant to said By-Laws) is a member of NWCDS and is entitled to the rights and privileges and subject to the obligations of membership, all as provided in said By-Laws. 4. Termination. Any party to this agreement may cease to be a party hereto and may withdraw from participation in NWCDS in the manner and means set forth in said By-Laws. 5. Powers of the Svstem. NWCDS shall have the power in its own name to make and enter into contracts, to employ agents and employees, to acquire, hold and dispose of property, real and personal, and to incur debts, liabilities or obligations necessary for the accomplishment of its purposes, but no such contract, employment, purchase, debt, liability or obligation shall be binding upon or obligate any member except as authorized by the attached By-Laws. NWCDS shall not have the power to eminent domain or the power to levy taxes. 3 6. Amendments. This Agreement may not be amended, except by written agreement and resolution of all the then parties to it. However, the By-Laws attached hereto as Exhibit "A" may be amended from time to time by the method and means provided herein, provided such amendments do not conflict with the terms set forth in this Agreement exclusive of said Exhibit "A". 7. Duration. This Agreement and NWCDS shall continue in effect until rescinded by unanimous consent of the then parties or until terminated in the manner provided in said By-Laws. Upon such termination, the assets remaining shall be disposed of in the manner set forth in the said By-Laws. 8. Enforcement. Each member shall have the right to enforce this Agreement against any other member. If suit is necessary therefore, a defaulting member shall pay reasonable attorney's fees to NWCDS as adjudicated by the Court. 9. Authorization. Prior to execution of this Agreement, each member shall deliver to the other a certified copy of a suitable ordinance or resolution authorizing and directing the execution of this Agreement. 10. Effective Date. This Agreement shall become effective when signed by all of the respective representatives of the Village of Arlington Heights, Village of Buffalo Grove, Village of Elk Grove Village, Village of Hoffman Estates, Village of 4 Inverness, Village of Mount Prospect, Village of Palatine, City of Prospect Heights, City of Rolling Meadows, Village of Schaumburg and Village of Streamwood. IN WITNESS WHEREOF, the undersigned local governments have set their signatures on the respective dates set forth below. This document may be signed in duplicate originals. VILLAGE OF ARLINGTON HEIGHTS By: ATTEST: Date: 5 ATTEST: Date: VILLAGE OF BUFFALO GROVE By: 6 ATTEST: Date: VILLAGE OF ELK GROVE VILLAGE By: 7 ATTEST: Date: VILLAGE OF HOFFMAN ESTATES By: 8 ATTEST: Date: VILLAGE OF INVERNESS By: 9 ATTEST: Date: VILLAGE OF MOUNT PROSPECT By: 10 ATTEST: Date: VILLAGE OF PALATINE By: 11 ATTEST: Date: 12 CITY OF PROSPECT HEIGHTS By: ATTEST: Date: 13 CITY OF ROLLING MEADOWS By: ATTEST: Date: VILLAGE OF SCHAUMBURG By: 14 VILLAGE OF STREAMWOOD By: ATTEST: Date: 15 Northwest Central Dispatch Member Communities .+, s 20 N. Wacker Drive, Ste 1660 Chicago, Illinois 60606-2903 T 3129846400 F 3129846444 15010 S. Ravinia Avenue. Ste 10 Orland Park, Illinois 60462-5353 T 708 349 3888 F 708 349 1506 KLEIN, THORPE & JENKINS, LTD. Attorneys at Law www.ktjlaw.com To: Michael Janonis, Village Manager ~b. ~ +}e09 From: George Wagner. Assistant Village Attorney Date: March 3D, 2008 Re: An Ordinance Amending Chapter m Of The Village Code, Regarding Appeal Procedur Hearings Article 4 of Chapter 10. licenses and Permits, of the Village Code provides a process for the Village Manager to determine if a permit or license should be revoked, suspended or denied. Section 10.403 of that Article provides a process for appealing that decision. which must be presented by the licensee or applicant to the Village Board. In order to expedite and yet afford a meaningful appeal. we suggest that the appeal before the Village Board be limited to the certified official record of the hearing that was held by the Village Manager. A similar process is found in Section 13.3D1(E)(8)(b) of Chapter 13, Alcoholic liquors, which provides that the Illinois liquor Commission's review of the Local liquor Control Commissioner's decisions are based upon the certified official record of the hearing before the Commissioner. cc: Everette M. Hill. Jr.. Village Attorney Chief John Dahlberg Deputy Chief Robert Rzepecki F iManage:227924_1 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 10 OF THE VILLAGE CODE OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS, REGARDING APPEAL PROCEDURES FOR LICENSE HEARINGS BE IT ORDAINED by the President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, pursuant to its home rule powers, as follows: SECTION 1: Subsection B of Section 100403, "APPEAL PROCEDURE", of Article IV, of Chapter 10 of the Mount Prospect Village Code shall be deleted in its entirety and the following two subsections inserted to be and read as follows: B. The village manager shall file with the president and board of trustees the certified official record of the proceedings subject to appeal. C. The president and board of trustees of the village shall set a time and place for a hearing on such appeal and notice of such hearing shall be personally served upon or mailed, postage prepaid, to the appellant at his/her last known address. The only evidence which shall be considered in the review by the president and board of trustees shall be the evidence found in the certified official record of the proceedings before the village manager. The remaining subsections shall be relettered accordingly. SECTION 2: This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this _ day of ,2009. Irvana K. Wilks, Village President ATTEST: Lisa Angell, Village Clerk iManage:230128_1 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTERS 8,13,18 and 23 OF THE VILLAGE CODE OF MOUNT PROSPECT. ILLINOIS BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION 1: Section 8.901, entitled "Definitions," of Chapter 8, entitled "Food and Beverage Tax," shall be amended by deleting definitions "Alcoholic Liquor" and "Alcoholic Liquor Facility" in their entirety and the following definitions inserted to be and read as follows: ALCOHOLIC LIQUOR: Alcoholic beverage or liquor as defined in Chapter 13 of this code. ALCOHOLIC LIQUOR FACILITY: Any establishment licensed under the provisions of Chapter 13 of this code. SECTION 2: Subsection 13.204.1.D.2.b.iv, entitled "Promotion Permit" of Chapter 13, entitled "Alcoholic Liquors" shall be deleted in its entirety and reinserted in its entirety as a new subsection 13.204.1.D.2.a.v to be and read as follows: v. Promotion Permit. A permit allowing a retail establishment to serve alcoholic beverages at a promotional event. Regulations Specific to a Temporary Promotion Permit. (a) The promotion may be held at only one location within the Village. (b) Each day of the promotion shall require a permit. (c) Permits shall not be issued for more than three (3) consecutive days. (d) All alcoholic beverage service and consumption must take place within the area specified in the Permit. (e) There may be no charge of any kind for the alcoholic beverage. (f) No more than two such promotions at a particular premises shall be eligible for such a permit in anyone year period. SECTION 3: Subsection 13.204.1.D.2.b.i., entitled "Permits Requiring an Existing Mount Prospect License," shall be deleted in its entirety and the following subsection inserted to be and read as follows: G iManage 1799171 i. Mount Prospect Caterer's Permit: A permit for the service of alcoholic beverages, at an otherwise unlicensed premises, by a Mount Prospect Class F or Class S-3 Licensee. Regulations specific to a Mount Prospect Caterer's Permit: (a) The caterer may serve alcoholic beverages only at events to which specific persons (not the general public) have been previously invited or at a Village sponsored event. (b) A Mount Prospect Caterer's Permit may be purchased on an annual or daily basis. (c) The permit shall be subject to such other conditions as may be established by the Commissioner. SECTION 4: Paragraph B. of Section 18.502 entitled "Transportation of Alcoholic Liquor; Penalty" of Chapter 18, entitled "Traffic," shall be deleted in its entirety and a new Paragraph B inserted to be and read as follows: B. Except as provided in Section 13.410 of this code, no driver may carry any alcoholic liquor within the passenger area of any motor vehicle within the Village except in the original container and with the seal unbroken. SECTION 5: Paragraph F of Section 18.1813 entitled "Vehicle Seizure and Impoundment" of Chapter 18 entitled "Traffic," shall be deleted in its entirety and a new paragraph F inserted to be and read as follows: F. This section shall not replace or otherwise abrogate any existing state or federal laws or local ordinances pertaining to vehicle seizure and impoundment including, but not limited to, those set forth in section 13.504. SECTION 6: The first sentence of the first paragraph of Section 23.602, entitled "Enhanced Penalties for Violating School or Park Safe Zones," of Chapter 23, entitled "Offenses and Miscellaneous Regulations," shall be deleted and the following new first sentence inserted to be and read as follows: Any person who violates, within two hundred feet (200') of any public, private or parochial school or any public park, including any private property designated and used as a public park (safe zones), Chapter 13, Article V, entitled "Regulations with Respect to Underage Persons,"; section 23.109, "Firearms or Facsimile Weapons," of this chapter; section 23.603, "Possession and Purchase by Minors Prohibited," section 23.604, " Curfew," section 23.606, "Possession "Firearms Regulation with Respect to Schools and Minors," section 23.607, "Vandalism," section 23.608, "Loitering for the Purpose of Causing Street Gang Activity or Recruitment is Prohibited," section 23.609, "Loitering for the Purpose of Illegally Using , Possessing or Selling or Buying Cannabis or Controlled Substances is Prohibited," and section 23.612, "Maintaining Public Nuisances," of this article; or any portion of the Illinois substances abuse act, Illinois cannabis control act or the Illinois criminal code shall in addition to any other penalties be required to perform not less than fifty (50) hours of community service, and if not a iManage 1799171 student at the school the person shall be prohibited from entering the school for a period of two (2) years. SECTION 7: Section 23.613, entitled "Regulations Governing Use of Alcoholic Beverages by and Delivery to Underage Persons," of Chapter 23, entitled "Offenses and Miscellaneous Regulations," shall be deleted in its entirety and the following Section 23.613 inserted to be and read as follows: The regulations governing the use of alcoholic beverages by and delivery to underage persons as set forth in Chapter 13, Article V of this code are incorporated by reference into this article as though fully set forth. SECTION 8: Paragraph H of Section 23.1403 entitled "Nuisance" of Chapter 23 entitled "Offenses and Miscellaneous Regulations," shall be amended by deleting the phrase 13.121, "Entertainment" and the following phrase inserted to be and read as follows: 13.404, "Entertainment" SECTION 9: This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of April, 2009 Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk H:\CLKO\WIN\ORDINANCE2\MP Ord Amd Ch 8,13,14, 18 Appendix A - Housekeepingapril2009.DOC iManage 1799171 Mount Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois FROM: MICHAEL E. JANONIS, VILLAGE MANAGER DIRECTOR OF FINANCE ~. ~}ifI,. 'fIe 01 TO: DATE: MARCH 31,2009 SUBJECT: RESERVATION OF PRIVATE ACTIVITY BOND VOLUME C PURPOSE: To present for Village Board consideration an ordinance that would reserve the Village's 2009 private activity bond volume cap. BACKGROUND: The Internal Revenue Code allows state and local governments to issue tax-exempt debt for the benefit of certain qualified private development projects. These projects include the acquisition or construction of industrial facilities and apartments for low and moderate-income families. The amount of such private activity debt issued in 2009 cannot exceed the equivalent of $90 per resident. The Village's private activity bond volume cap is currently $4,833,990 (based on -a population of 53,711 as estimated by the U.S. Census Bureau at 12/29/08). DISCUSSION: According to the regulations, any volume cap not reserved or committed by a municipality by April 30th is automatically transferred to the State of Illinois. If a community does not have any specific projects that would qualify for the tax exempt financing, it can cede, or transfer, the volume cap to another community. Over the past several years, it has become common for municipalities to transfer their unused volume cap to other municipalities in exchange for a fee. The fee is actually paid by the ultimate beneficiary of the tax-exempt financing. The amount of the fee paid depends upon the economy and the current interest rate environment. The Village has in the past received between 1-2% for the sale of its volume cap. Most recently, the Village sold $1,000,000 worth of 2006 volume cap at 1 %, or $10,000. The balance of the 2006 volume cap was transferred to benefit the "Assist" first-time homebuyer program administered through the City of Aurora. 2008 volume cap was also transferred to benefit the "Assist" program. ~ 2009 Private Activity Bond Volume Cap March 31,2009 Page 2 of 2 The Village has a total of $4,833,990 of private activity bond volume cap it must reserve by April 30th or it will be transferred to the State of Illinois. The Village can choose to hold onto the volume cap atter it is reserved until a project is identified. It may also be able to carry over the cap for up to three years depending on the type of project being considered. There are currently no projects at this time placing a request on the Village's volume cap. RECOMMENDATION: It is recommended the Village Board adopt the attached ordinance reserving the Village's private activity bond volume cap for 2009. /u~P" ~ DAVID O. ERB DIRECTOR OF FINANCE DOE! 1:\Private Activity Bonds\2009\Reservation Cover Memo - April 2009.doc ORDINANCE NO. AN ORDINANCE RESERVING VOLUME CAP IN CONNECTION WITH PRIVATE ACTIVITY BOND ISSUES, AND RELATED MATTERS. Passed and approved by the President and Board of Trustees the _ day of April, 2009. Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the _ day of April, 2009. ORDINANCE No. AN ORDINANCE RESERVING VOLUME CAP IN CONNECTION WITH PRIV ATE ACTIVITY BOND ISSUES, AND RELA TED MATTERS. WHEREAS, the Village of Mount Prospect, Cook County, Illinois (the "Municipality"), is a municipality and a home rule unit of government under Section 6 of Article VII of the 1970 Constitution of the State of Illinois; and WHEREAS, Section 146 of the Internal Revenue Code of 1986, as amended (the "Code "), provides that the Municipality has volume cap equal to $90.00 per resident of the Municipality in each calendar year, which volume cap may be reserved and allocated to certain tax-exempt private activity bonds; and WHEREAS, the Illinois Private Activity Bond Allocation Act, 30 Illinois Compiled Statutes 1998, 345/1 et seq., as supplemented and amended (the "Act "), provides that a home rule unit of government may transfer its allocation of volume cap to any other home rule unit of government, the State of Illinois or any agency thereof or any non-home rule unit of government; and WHEREAS, it is now deemed necessary and desirable by the Municipality to reserve all of its volume cap allocation for calendar year 2009 to be applied toward the issuance of private activity bonds (the "Bonds "), as provided in this Ordinance, or to be transferred, as permitted by this Ordinance; NOw, THEREFORE, Be It Ordained by the President and the Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, as follows: SECTION 1. That, pursuant to Section 146 of the Code and the Act, the entire volume cap of the Municipality for calendar year 2009 is hereby reserved by the Municipality, which shall issue the Bonds using such volume cap, or shall use or transfer such volume cap, without any further action required on the part of the Municipality, and the adoption of this Ordinance shall be deemed to be an allocation of such volume cap to the issuance of the Bonds or such other bonds; provided, that any such transfer shall be evidenced by a written instrument executed by the Mayor or any other proper officer or employee of the Municipality. SECTION 2. That the Municipality shall maintain a written record of this Ordinance in its records during the term that the Bonds or any other such bonds to which such volume cap is allocated remain outstanding. SECTION 3. That the President, the Village Clerk and all other proper officers, officials, agents and employees of the Municipality are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents and certificates as may be necessary to further the purposes and intent of this Ordinance. SECTION 4. That the provisions of this Ordinance are hereby declared to be separable, and if any section, phrase or provision of this Ordinance shall for any reason be declared to be invalid, such declaration shall not affect the remainder of the sections, phrases and provisions of this Ordinance. SECTION 5. That all ordinances, resolutions or orders, or parts thereof, in conflict herewith are, to the extent of such conflict, hereby superseded; and that this Ordinance shall be in full force and effect upon its adoption and approval. AYES: NAYS: ABSENT: day of April, 2009. PASSED and APPROVED this Irvana K. Wilks Mayor ATTEST: [SEAL] M. Lisa Angell Village Clerk H:\CLKO\WIN\ORDINANCE2\Reservation Ordinance - Mount Prospectapril2009.doc Mount Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois FROM: DATE: MICHAEL E. JANONIS, VILLAGE MANAGER FINANCE DIRECTOR ~)~:4 TO: APRIL 2, 2009 SUBJECT: 2009 BUDGET AMENDMENT NUMBER ONE PURPOSE: Present a recommendation that the annual budget be amended for fiscal January 1, 2009 and ending December 31, 2009. BACKGROUND: Ordinance 5721, adopted December 16, 2008, established the annual budget for the year ending December 31, 2009. DISCUSSION: In order to better manage the annual budget, the Village has taken to preparing budget amendments in early Spring and late Fall to account for material variations in revenue and expenditure line items. Many times this is as a result of fluctuations in the economy affecting revenues (either positively or negatively), extraordinary or unanticipated charges for expenditures or the timing of projects causing work to occur over different fiscal periods. A proposed ordinance amending the 2009 Annual Budget is attached for the Board's consideration. In total, we are decreasing our revenue projections by $195,000 and increasing the budget for expenditures by $3,031,914. Amendments to revenues were made to Prior Year Property Taxes in the General, Refuse Disposal and Series 2001 and 2003 Bond Funds. Revenue in these four funds is being reduced by $245,000. The economic slowdown has resulted in an increase in the number of property tax appeals being filed with the County. As a result, prior year tax revenue has been offset by refunds given to property owners. A portion of the reduction in property taxes, $50,000, is offset by an equal amount of expenses in the General Fund as they represent contributions to the Police and Fire Pension Funds. Contributions to the pension funds are based on the amount of property taxes received for that purpose. The Village continues to receive a high level of current year property taxes (97.5%). There are a number of significant expenditure amendments related to capital projects for infrastructure improvements and vehicles and equipment. Infrastructure projects utilizing carryover funds include $477,500 for Water Main Replacement, $334,300 for Water Storage Tank Renovations and $170,000 for Parking Lot Improvements. A carryover for the purchase of an emergency generator totaling $225,000 and replacement Public Works and Fire Department vehicles totaling $516,600 account for the other three significant expenditure amendments. The balance of the amendments to expenditures is either carryovers from the prior year or adjustments to the current year's budget amount. :c 2009 Budget Amendment Number One April2,2009 Page 2 of 2 RECOMMENDATION: It is recommended the Village Board adopt the proposed ordinance amending the 2009 Annual Budget. ~tf/; VL DAVID O. ERB FINANCE DIRECTOR DOE! Copy: Finance Commission Department Directors 1:\Budget 2009\Amendments\Board Memo Amendment #1 - April 2009.doc ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2009 AND ENDING DECEMBER 31,2009 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the _ day of , 2009 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the _ day of , 2009. ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2009 AND ENDING DECEMBER 31, 2009 WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 2342 which sets the finances of the Village under the "Budget Officer System"; and WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an annual budget for the fiscal year commencing January 1,2009 and ending December 31, 2009 was adopted through the passage of Ordinance No. 5721 approved by the Corporate Authorities of the Village of Mount Prospect on December 16, 2008; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have further reviewed certain additions and changes to the aforesaid budget for the fiscal year beginning January 1,2009 and ending December 31,2009; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1,2009 through December 31,2009 Budget Amendment Number One to be in the best interest of the Village of Mount Prospect; and WHEREAS, the Village has now revised the revenue projections or has reserves in each of the Funds in which the budget is being increased adequate in amount to cover the budget changes reflected in Budget Amendment Number One, attached hereto. NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION ONE: That the fiscal year budget for January 1, 2009 through December 31, 2009 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No.1 attached hereto. SECTION TWO: That this ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED this day of ,2009. Irvana K. Wilks Mayor ATTEST M. Lisa Angell Village Clerk H:\CLKO\ WIN\ORDINANCE2\Budget Amendment # 1 Ordinance - April 2009.doc VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2009 through December 31,2009 Revenues Original Amended Revenue Increase Revenue Fund/Program/Classification Account # Account Description Estimate (Decrease) Estimate General Fund (001) Property Taxes 400200 P-Taxes - Prior Year 125,000 (125,000) 0 Property Taxes 400370 P-Taxes - Police Pension PY 25,000 (25,000) 0 Property Taxes 400373 P-Taxes - Fire Pension PY 25,000 (25,000) 0 175,000 (175,000) 0 All other General Fund accounts 41,460,000 0 41 ,460,000 Total General Fund 41,635,000 (175,000) 41,460,000 Refuse Disposal Fund (030) Property Taxes 400200 P-Taxes - Prior Year 50,000 (50,000) 0 50,000 (50,000) 0 All other Refuse Disposal Fund accounts 4,166,000 0 4,166,000 Total Refuse Disposal Fund 4,216,000 (50,000) 4,166,000 Series 2001 8&1, Village Fund (1,80) Property Taxes 400200 P-Taxes - Prior Year 10,000 ( 10,000) 0 10,000 (10,000) 0 All other Series 2001 8&1, Village accounts 385,000 0 385,000 Total Series 2001 8&1, Village Fund 395,000 (10,000) 385,000 Series 2003 8&1, Village Fund (190) Property Taxes 400200 P-Taxes - Prior Year 10,000 (10,000) 0 10,000 (10,000) 0 All other Series 2003 8&1, Village accounts 918,000 0 918,000 Total Series 2003 8&1, Village Fund 928,000 (10,000) 918,000 Total Estimated Revenues Funds being changed 47,174,000 (245,000) 46,929,000 All other Village 8udget accounts 54,382,933 0 54,382,933 Total Estimated Revenues After Changes 101,556,933 (245,000) 101,311,933 1 VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2009 through December 31, 2009 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount General Fund Information Technology Contractual Services 0011104-540046 GIS Application Development 10,000 25,000 35,000 Contractual Services 0011104-540110 Other Professional Services 10,000 45,000 55,000 Contractual Services 0011104-540111 IT System Security 0 40,000 40,000 Contractual Services 0011104-540610 Computer Maintenance 217,385 16,000 233,385 Clerk's Office Contractual Services 0011402-540030 Codification 14,000 5,000 19,000 CD-Economic Development Contractual Services 0012103-540247 Economic Development Program 20,000 35,000 55,000 CD-Building Inspections Contractual Services 0012105-540110 Other Professional Services 0 60,000 60,000 CD-Housing Inspections Contractual Services 0012106-540105 Technical Services 5,000 18,000 23,000 Office Equipment 0012106-650003 Computer EQuipment - New 7,600 22,000 29,600 Human Services-Administration Contractual Services 0013101-540225 Other Services 0 3,300 3,300 Commodities & Supplies 0013101-570080 Other Supplies 1,500 3,300 4,800 Human Services-Nursing Other Employee Costs 0013103-520400 Travel & Meetings 240 3,300 3,540 Police - Admin Employee Benefits 0014101-510300 Police Pension Expense 1,545,000 (25,000) 1,520,000 Fire - Administration Employee Benefits 0014201-510400 Fire Pension Expense 1,525,000 (25,000) 1,500,000 Fire-Operations Other Equipment 0014102-670015 Haz-Mat Equipment 2,500 1,000 3,500 PW-Streets Contractual Services 0015102-540487 Lock Replacement 0 8,900 8,900 Commodities & Supplies 0015105-670060 Salt Spreader Replacement 2,970 2,900 5,870 Contractual Services 0015108-540515 Crack Filling 5,902 5,900 11,802 PW-Forestry Contractual Services 0015202-540645 RR Station Retaining Wall 6,050 7,100 13,150 Other Equipment 0015202-670026 Expand Sprinkler Systems 20,600 14,700 35,300 Contractual Services 0015203-540715 Tree Replacement 83,225 14,400 97,625 Contractual Services 0015203-540729 EAB Reforestation 15,000 15,000 30,000 Contractual Services 0015203-540945 Computer Software 1,000 19,000 20,000 Community & Civic Services Contractual Services 0016104-540962 White Light Installation 48,390 5,100 53,490 3,541,362 319,900 3,861,262 All other General Fund Accounts 38,093,638 0 38,093,638 Total General Fund 41,635,000 319,900 41,954,900 Motor Fuel Tax Fund Traffic Control & Street Lighting Infrastructure 0505405-690058 Traffic Signal Replacement 220,000 28,700 248,700 Street Improvement Projects Infrastructure 0507706-690005 Street Light Improvements 0 18,100 18,100 220,000 46,800 266,800 All other Motor Fuel Tax Fund Accounts 1,846,302 0 1,846,302 Total Motor Fuel Tax Fund 2,066,302 46,800 2,113,102 2 VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2009 through December 31, 2009 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount Community Development Block Grant Fund Accessibility & Neighborhood Improvement infrastructure 0702306-690014 Pedestrian Signals & Crosswalks 210,000 25,000 235,000 210,000 25,000 235,000 All other CDBG Accounts 575,604 0 575,604 Total CDBG Fund 785,604 25,000 810,604 Capital Improvement Fund Village Improvements and Equipment Building Improvements 5107701-640001 Other Public Buildings 120,000 72,800 192,800 Building Improvements 5107701-640040 Wireless Connectivity 0 128,500 128,500 Other Equipment 5107701-670027 Patrol Citation Printing System 0 45,700 45,700 Other Equipment 5107701-670028 BunkerGearLocke~ 0 25,000 25,000 Other Equipment 5107701-670067 Telephone System 0 10,100 10,100 Community Improvement Projects Land Improvements 5107702-620008 Corridor Improvements 50,000 12,800 62,800 Infrastructure 5107702-690005 Residential Street Lights 35,000 40,000 75,000 205,000 334,900 539,900 All other Capital Improvement Fund Accounts 1,004,950 0 1,004,950 Total Capital Improvement Fund 1,209,950 334,900 1,544,850 Downtown Redevelopment Construction Infrastructure 5507703-690065 Brick Sidewalk 35,000 3,400 38,400 35,000 3,400 38,400 All other Downtown Redevelopment Fund Accounts 1,887,250 0 1,887,250 Total Downtown Redevelopment Fund 1,922,250 3,400 1,925,650 Street Improvement Construction Fund Street Improvement Projects Contractual Services 5607706-540530 Pavement Evaluation Study 0 35,000 35,000 Infrastructure 5607706-690005 Streetlight Improvements 120,000 90,600 210,600 Infrastructure 5607706-690103 Parking Lot Improvements 0 170,000 170,000 120,000 295,600 415,600 All other Street Improvement Fund Accounts 2,441,000 0 2,441,000 Total Street Improvement Fund 2,561,000 295,600 2,856,600 Water and Sewer Fund Administration Other Employee Costs 6105501-520600 Uniform Expense 16,750 14,800 31,550 Contractual Services 6105501-540995 Service Charge - Water 443,500 16,500 460,000 Maintenance of Buildings Contractual Services 6105502-540487 Lock Replacement 0 6,200 6,200 Water Supply Maintenance and Repair Distribution Systems 6105504-680001 Tank Repair/Renovation 0 334,300 334,300 Distribution Systems 6105504-680005 Tank Design Engineering 50,000 42,700 92,700 Water Distribution Maintenance & Repair Contractual Services 6105505-540750 Backflow Prevention Program 68,995 41,900 110,895 Other Equipment 6105505-670041 Video Security Cameras 0 112,000 112,000 Other Equipment 6105505-670301 Emergency Generator/Wells 0 225,500 225,500 Other Equipment 6105505-670303 Leak Detection Equipment 0 10,900 10,900 3 VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2009 through December 31, 2009 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount Water and Sewer Fund (cont.) Water Meter Maintenance & Rep/. Contractual Services 6105507-540770 Meter Installation 55,000 14,900 69,900 Other Equipment 6105507-670062 Water Meters 61,500 11,800 73,300 Sanitary Sewer Maintenance & Repair Contractual Services 6105509-540777 Flow Monitoring Analysis 25,000 25,000 50,000 Contractual Services 6105509-540778 Building Sewer Inspection 24,200 14,000 38,200 Water & Sewer System Improvements Contractual Services 6105510-540777 Combined Sewer Improvements 355,000 65,700 420,700 Distribution Systems 6105510-680003 Water Mains Replacement 350,000 477,500 827,500 Distribution Systems 6105510-680010 Sewer Repair/Replacement 1,000,000 67,300 1,067,300 2;449,945 1,481,000 3,930,945 All Other Water and Sewer Fund Accounts 8,584,360 0 8,584,360 Total Water and Sewer Fund 11,034,305 1,481,000 12,515,305 Village Parking System Revenue Fund Village Parking Lot Maintenance Contractual Services 6205110-540990 Service Charge - Parking 22,670 1,330 24,000 Village Parking Lot Maintenance Building Improvements 6205110-640018 Parking Deck Maintenance 6,556 6,500 13,056 29,226 7,830 37,056 All other Village Parking System Revenue Accounts 94;428 0 94;428 Total Village Parking System Revenue Fund 123,654 7,830 131,484 Parking System Revenue Fund Parking Lot Maintenance Contractual Services 6305111-540990 Service Charge - Parking 15,116 884 16,000 15,116 884 16,000 All other Parking System Revenue Accounts 127,903 0 127,903 Total Parking System Revenue Fund 143,019 884 143,903 Vehicle Replacement Fund Motor Equipment Replacement Mobile Equipment 6707709-660115 Replace Public Works Vehicles 639,900 411,600 1,051,500 Mobile Equipment 6707709-660120 Replace Fire Department Vehicles 1,000,000 105,000 1.105,000 1,639,900 516,600 2,156,500 All other Vehicle Replacement Fund Accounts 379,000 0 379,000 Total Vehicle Replacement Fund 2,018,900 516,600 2,535,500 Total Village Budget Funds being changed 63;499,984 3,031,914 66,531,898 All other Village Budget Accounts 33,629;462 0 33,629.462 Total Village Budget after Changes 97,129,446 3,031,914 100,161,360 4 Mmmt Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois TO: MICHAEL E. JANONIS, VILLAGE MANAGER FROM: FINANCE DIRECTOR DATE: APRIL 1, 2009 SUBJECT: ESTABLISHMENT OF A BROKERAGE AND INSTITUTIONAL WITH PMA FINANCIAL NETWORK AND PMA SECURITIES PURPOSE: To present for the Boards consideration a resolution establishing Brokerage an Institutional accounts with PMA Financial Network. BACKGROUND: On March 11, 2009, the Village closed on the Series 2009 General Obligation bonds. Proceeds from the bond issue were placed in the Village's Illinois Funds money market account to begin earning interest. It is now desirable to invest the proceeds in higher yielding certificates of deposit and short-term depository accounts through our financial advisor, PMA Financial Network. The current Illinois Funds interest rate is 0.35%. By moving the funds to certificates of deposits and another short-term liquid investment account, the time and dollar weighted yield is approximately 1.25%. DISCUSSION: In order to begin utilizing PMA to provide investment services through Harris Bank, a resolution permitting PMA to act on behalf of the Village will need to be approved by the Village Board. The resolution must also include the Institutional and Brokerage Account applications required to establish the accounts. Through this arrangement Harris Bank will provide wire transfer, safekeeping, collateral and other investment services to assist PMA in the investment efforts. PMA would be responsible for placing funds into the various investments using staggered maturities to coincide with the payout schedule of the construction projects. The resolution will also acknowledge Deputy Finance Director Lynn Jarog and Finance Director, David Erb as authorized officials with authority to manage investments on behalf of the Village. Section 7.0 of the Village's Investment Policy requires that all investment advisors, brokers/dealers and financial institutions be authorized by the Village Board to provide investment services. Attached to this memo is Exhibit A of the Investment Policy that lists all those authorized to provide these types of service. Both PMA Financial Network and Harris Bank are currently included on this list. J Establishment of PMA Brokerage and Institutional Accounts April 1 , 2009 Page 2 of 2 RECOMMENDA liON: It is recommended the Village Board approve the attached Resolution authorizing the establishment of a brokerage and institutional account with PMA Financial Network and PMA Securities. ,J~~' ~ DAVID O. ERB DIRECTOR OF FINANCE DOEI 1:\Debt & Bonding\PMA Securities Brokerage and Institutional Accounts.doc RESOLUTION NO. A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A BROKERAGE AND INSTITUTIONAL ACCOUNT WITH PMA FINANCIAL NETWORK, INC. AND PMA SECURITIES, INC. WHEREAS, the Village of Mount Prospect will have from time to time the need to invest surplus funds not immediately needed for operations; and WHEREAS, it has been determined by the Village President and Board of Trustees to be in the best interest of the Village to permit its Treasurer to make use of investments which are legal under applicable State statutes and permitted under its own Investment Policy; and WHEREAS, a list of such investments is included in the Village's Investment Policy; and WHEREAS, the President and Board of Trustees deems it to be in the best economic and administrative interest of the Village. for its Treasurer to make use of PMA Financial Networks, Inc. and PMA Securities, Inc. in securing such investments. NOW THEREFORE BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT COOK COUNTY ILLINOIS: SECTION ONE: That the Treasurer shall make use of investments legal under the applicable State statutes and permitted under its own Investment Policy and such Policy be placed in the minutes of the meeting at which this Resolution was adopted; and that when needed, notice of the modifications made to the Policy from time to time be provided by the Treasurer; and SECTION TWO: That monies of this unit of local government may be invested at the discretion of its Treasurer or those acting on behalf of the Treasurer through the intermediary (PMA Securities, Inc. and PMA Financial Network, Inc.); and SECTION THREE: That the Treasurer may acquire guarantees for prompt return of invested and deposited monies; and SECTION FOUR: That attached to this resolution and placed in the minutes of this meeting are the "Institutional Brokerage Account Agreement" and the "Institutional Account Application" as issued by PMA Securities, Inc. and PMA Financial Network, Inc., and SECTION FIVE: That the unit of government may open a depository account and enter into wire transfer agreements, third party surety agreements, safekeeping agreements, collateral agreements and lockbox agreements with Harris N.A. and other Village authorized institutions participating in PMA programs for the purpose of transaction clearing and safekeeping or the purchase of insured certificates of deposit through PMA's Insured CD Program, and PMA Financial Network, Inc. and/or PMA Securities, Inc. are authorized to act on behalf of this entity as its agent with respect to such accounts and agreements; and SECTION SIX: That the Treasurer or those acting on behalf of the Treasurer may execute documents, financial planning contracts, financial advisory contracts and other applicable agreements, as necessary, with PMA Financial Network, Inc., PMA Securities, Inc. The following individuals, or their successors, currently holding the office or position are designated as "Authorized Officials" with full power and authority to effectuate the investment and withdrawal of monies, contracts and agreements on behalf of this unit of local government entity: David O. Erb Name Signature Lynn M. Jarog Name Signature SECTION SEVEN: That this Resolution shall be in full force and effect from and after its passage and approval in the manner provided by the law. AYES: NAYS: ABSENT: PASSED and APPROVED this 8th day of April 2009 Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk H:\CLKO\WIN\RESOLUTION\PMA-Harris Bank Resolution - april2009.doc P~A Financial Network, Inc. Institutional Account Application 1. CLIENT INFORMATION (please print or type) Entity Name to appear on Records I Reports: Legal Entity Name as filed with the IRS (if known): Legal Address: Cily Slate Zip Mailing Address (if different): State Zip City Account Contact: Title: (i.e., person to whom general correspondence, account statements, confirmations, etc. should be addressed) Telephone: (_) Ext: Fax: _C-) E-Mail: Federal Employer Identification Number: _ - (complete enclosed IRS Fonn W-9) 2. LIST OF AUTHORIZED PERSONNEL The folIowing person(s) may withdraw funds and/or issue written, telephonic, or oral instructions to PMA with respect to the transfer of funds of this Entity by wire or otherwise for the purposes of investment: Position Print Name Position Print Name Position Print Name 3. BANK I WIRE TRANSFER INFORMATION Bank Name: City & State: ABA#: Account Name: Account #: Bank Name: City & State: ABA#: Account Name: Account #: Bank Name: City & State: ABA#: Account Name: Account #: 4. AGENT I WIRE TRANSFER AGREEMENT I authorize PMA Financial Network, Inc. to act as our agent and in so acting to execute wire transfers for the purposes of purchasing investments in our name; and further, upon my direction (or that of any authorized person noted above), to execute wire transfers to the above listed account(s). Signature Position Date Mail Completed Application To: PMA Securities, Inc. . 27545 Diehl Road, Suite 100 · Warrenville,lL 60555 Phone: 630-393-9494 · Fax: 630-393-9595 2-17-05 ':"';;:';'.~ ..' :. ;,.... ;.: " ' . ..' ;:;(i~~:33-';:3.:.: P~-A. .' ~,"',;- ~1~ ~'.~->:'~..~".i'~~l~... -"'it., ~~ .~<' r.-i'1"r~~'~t,...f~: '!"~, ..' . ~~/, '(~ Securities, Inc. ,." .......,.,.~ ';.>:.' :~~:;-S:/,,~;l:'~<:_:,':f;:'.::;J:':J~.;(;N;{::,~,:~.:;~~:;t:;H-:{::,,::~:t$."i Institutional Brokerage Account Application 1. CLIENT INFORMATION (please print or type) Entity Name to appear on Records / Reports: Legal Entity Name as filed with the IRS (if known): Legal Address: City Stale lip Mailing Address (if different): Cify State lip Account Contact: Title: (i.e.. person to whom general correspondence. account statements. corifirmations. etc. should be addressed) Telephone: (_> Ext: Fax: (_> E-Mail: Federal Employer Identification Number: (complete enclosed IRS Form W.9) 2. FINANCIAL PROFilE Estimated Liquid Net Worth (based on size of general operating account fund balances): SIess than $1,000,000 S $1,000,001 to $5,000,000 S $5,000,001 to $10,000,000 S greater than $10,000,000 3. INVESTMENT PROFilE (choose at least one): A) Permitted Investments e Applicable State Statute B) AND/OR (check all that apply): e U.S. Treasury Bills, Notes, Bonds, Strips e U.S. Government Agency Discount Notes e U.S. Agency Strips, NotesIBonds e Municipal Securities e Commercial Paper e :5 270 Days Maturity e _ Days Maturity e Rated Al /P 1 by S&P and Moodys e Other (please specify) 4. LIST OF AUTHORIZED PERSONNEL The following person(s) are authorized to perform securities transactions on behalf of this Public Body: Print Name Position Total Invest Exp. Signature Print Name Position Total Invest Exp. Signature Position Total Invest Exp. Signature Print Name Position Total Invest Exp. Signature Print Name I verify the above information to be correct: Signature Position Date Principal Approval Mail Completed Application To: PMA Securities. Inc. · 27545 Diehl Road. Suite 100 . Warrenville.IL 60555 PMA Use Only: 1-31-04 Date Registered Rep Signature Dale Exhibit A VILLAGE OF MOUNT PROSPECT INVESTMENT POLICY LISTING OF AUTHORIZED ADVISORS, BROKERS/DEALERS AND FINANCIAL INSTITUTIONS Authorized Financial Institutions IP Morgan-Chase ABN AMRa-LaSalle Bank Northern Trust Midwest Bank MB Financial Fifth Third Bank Harris Bank Charter One Bank Authorized Investment Broker/Dealers Smith Barney Inc. Northern Trust Co. Fifth Third Bank ABN AMRa-LaSalle Bank Capital Gains Segal Bryant & Hamill PMA Financial Network Mischler Financial Authorized Investment Advisors Becker Burke Associates H:\ACCT\Investments\Investment Policy\Investment Policy Exhibit A - 2007.doc