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HomeMy WebLinkAbout6. NEW BUSINESS 12/17/02 illage of Mount Prospect Community Development Department MEMORANDUM )MMUNITY DEV~ TO: MICHAEL E. JANONIS, VILLAGE MANAGER FROM: WILLIAM J. COONEY J-R., DIRECTOR OF C( DATE: DECEMBER 12, 2002 SUBJECT: REQUESTS FOR EXTENSION OF 6B INCENTIVE PROGRAM As outlined in the attached letters, Cummins-Allison Corporation and Illinois Superconductor have requested that the Village approve an extension of their Cook County Class 6B Tax Incentive for their facilities in the Kensington Business Center. As you may recall, the Village approved their initial requests for participation in the 6B Program in 1994. These requests are a result of the County's new regulations that allow for the extension of the 6B Program for an additional 12-year period (resulting in a total period of 20 years for reduced property assessments). The extension of the 6B Incentive Program, however, requires support from the Village in the form of an Inducement Resolution. The 6B Incentive Program is offered by Cook County and provides real estate tax incentives for developing new industrial facilities, rehabilitating existing industrial structures and reusing industrial buildings that have been vacant for a minimum of two years. The program entitles properties to a reduced rate of assessment over a 10- year period, resulting in assessment rates of 16% for the first 8 years, 23% for the 9th year, and 30% for the l0th year. In absence of the incentive program (or following completion of the program) the County's standard assessment rate of 36% would apply. The 6B Program was established to help compensate for Cook County's high property tax burden by offsetting some of the initial property taxes for new or mdeveloped industrial properties. The theory is that the initial 10- year period would help even the playing field and that an initial sacrifice by the various taxing bodies would result in an overall property tax base increase in the future. It is important to note that the property tax savings enjoyed by the 6B Program participants is offset by higher property taxes for other properties within Mount Prospect. The County recently amended the Class 6B Program to allow for the 10-year extensions in their continued effort to maintain its industrial base. Staff recently met with representatives from the local school and park districts to ascertain their opinions on the Class 6b extension requests. It was noted that the extensions would not have any impact on the tax base of these taxing districts due to the way that the County Assessor's Office views the incremental assessed value. Since the Assessor doesn't consider the growth in assessed value that would be realized when the Class 6b incentive expires as "new growth", the districts that are affected by tax caps do not benefit from this increase in assessed value. The general consensus of the various districts was to consider the Class 6b extensions on a case-by-case basis. The two current requests require action by the Village before the end of the calendar year, therefore the Village Board must make a final determination at their December 17, 2002 meeting. Please forward this memorandum and attachments for their review and consideration, Staffwill be present at that meeting to answer any questions related to this matter. William J{ Cooney Jr./ MZ Rosenman September 1 §. 2002 BY Facsimi D Wdliam Cooney, Director Mount Prospect Community DeYelopment 1 O0 South Emerson Street Mourn ?rospecL Illinois 60056 Ciasa' 6B lacennve Renewal Reques; f[hnois Supercond~tctor Corporazzon 451 Kingston Court, Mount Prospecz. [L Permanent Index Number: 03-35-200-065-8002 Dear Mr. Cooney: ,~s you are aware, the above-capnoned property is currently enrolled in The Cook County Assessor's Office Class 6B Incentive Program_ The incentive on the subject properly ~s scheduled to expire in 2003. Illinois Superconductor Corporation is currently seeking to have the incentive renewed. Accordingly, we requesI that tbe Village of Motmt Prospect approve the incentive renewal by approving an ordinance or resolution in support thereof, Thc deadline for the Class 6b renewal is December 31, 2002. We appreciate your nmely response to ot~r request. If you have any quesnons regarding ttus matter, please do not hesitate to Very u'uly you.rs, Thomas E. Sween~y TES:ms 89-18-82 15:56 RECEIVED FROM: P.02 I CUMMINS CUMMI NS-ALLISON CORP. Executive Offices 891 Feehanville Drive Mt. Prospect, IL 60056 October 22, 2002 Facsimile: 847/299-4940 Telephone: 847/299-9550 Mr. Gerald Farley Mayor of Mount Prospect 100 South Emerson Avenue Mt. Prospect, IL 60056 Subject: Class 6B Property Tax Exemption for 891 Feehanville Drive, Mt. Prospect, Illinois Dear Mayor Farley: Thank you for taking time to assemble your staff including Michael E. Janonis and William Cooney, for a meeting with Cummins-Allison. I sincerely appreciate our meeting with you to discuss the challenges and issues facing Cummins-Allison as an enterprise. Within this correspondence I will attempt to communicate the issues facing Cummins-Allison including an explanation as to why we believe it is necessary for an extension of the Class 6B property tax exemption on a port!on of our property. Cummins-Allison maintains our manufacturing facilities in the Kensington Business Center. Cummins owns and operates four different facilities within this business center. Our total real estate taxes due the State of Illinois in 2002 is in the amount of $525,164. Approximately 8 years ago, one of our facilities at 89~1 Feehanvi!!e was granted a 6B tax exemption for real estate by the village when Cummins built an addition at the 891 Feehanville facility. This tax reduction will end in the very near future. We have requested an extension to the exemption, which is alloWable and often granted by local municipalities. Therefore, we are hopeful that the Village of Mount Prospect will support our request for an extension. Cummins is not asking for a 6B tax exemption application to all of our properties. In fact, only 14% ($71,933 divided by $525,164) of our total real estate taxes in Mount Prospect fall under the Class 6B incentive plan. We are only asking for the exemption to continue on this 14% of our total real estate tax base, Furthermore, of that 6B exemption, only 10% (.837% divided by 8~532O/o) of th6 200~ C00~Ounty tax rate is allocated specifically to the Village of Mt. Prospect. The County of Cook gets .545% and we have been informed by the county that they would not oppose the approval. In reviewing the history of Class 6B, there were various incentive pedods assigned to the Class 6B incentive plan over the years, depending upon entry date into the plan. The period of the exemptions ranged from a minimum of 8 years at 16%, with no gradual increase to the 36% in year 9, to a maximum of 10 years at 16%, with 2 years of the 23% and 30% reduced assessment levels before it increased to the 36% in year 13. Cummins fell under the least advantageous 8-year pedod, and therefore would be Page Two: returning to the 36% level a full 4 years earlier than new recipients under the current 12- year plan. Therefore, our request for a continuation of the 6B exemption on only 14% of our assessed tax basis we believe is a fair, reasonable and balanced request. It is worth noting that the exemption granted Cummins has been very beneficial to Mount Prospect and Cummins. When Cummins first came to Mount Prospect in 1981, our total employment at the facility was about 80 employees and total company sales were $35 million. Around 1994, at the time of our original 6B application our total real estate taxes were $124,430 (on our original 891 building without the addition), and Illinois sales taxes were $153,706 on sales of $1,956,275. We had about 150 employees in Mount Prospect at that time; total company sales were about $50 million. Today, Cummins employs close to 300 employees in Mount Prospect. Cummins will pay real estate taxes of $525,164 and Illinois sales taxes of $218,067 on sales of $2,453,321 within Illinois. Our total worldwide sales have grown to $100 million. Cummins sincerely desires to stay in the Mount Prospect area. We wish to be a responsible long-term member of the community and contribute to Mount Prospect's expansion and growth, as well as support the municipal services, the school district, the police, fire and other important local services. The extension of the Class 6B property tax exemption for the 891 Feehanville building will help Cummins to continue to prosper and grow. We are heavily into the research and development of some promising new technologies. We believe these technologies will be successful, and over the next 8 years we estimate that our total worldwide sales could double again and reach $200 million. Furthermore, if successful our total employment in the Mount Prospect facility would grow to in excess of 600 employees. Many of these employees live in the Mt. Prospect area. Other neighboring communities such as Arlington Heights, Palatine and the City of Chicago will also benefit from our growth in empleyment. ' Because the USA is a high cost manufacturing country, Cummins focuses solely on the design and production of new technology patented products that cannot be so easily replicated by manufacturers in other countries. However, our cost to continue this strategy is significant. For example, currently on our total worldwide sales of $100 million per year, we spend between $12 million to $15 million a year on R&D efforts alone. This is necessary for Cummins to remain competitive in the world economy we face today. In a like manner, our capital expenditures and support of new buildings, new machinery within our facilities, tooling investments for new products are in the range of $10 million per year. Another $2 million a year is spent on patent work, including the writing of patents, the defense of our patents, and the application of our patents around the world, which permits 2 Page Three: Cummins to develop markets for export of our products particularly into Western Europe. Therefore, Cummins expends a significant amount of money in capital each year to sustain production here in the United States. Over the last several years, Cummins has received visits from Lake County, Illinois, as well as a number of states including Virginia, Kentucky, North Carolina, South Carolina, and Wisconsin, offering incentives for Cummins to move manufacturing to their respective county or states. I have even been visited at our facilities in Mount Prospect by several govemors who have made persona! appeals for Cummins to move to their state.- The significant reduction in real estate taxes offered through these incentives is most appealing. We are not asking the Village and State of Illinois to match these incentives, which would require a very significant reduction to our real estate taxes. We are simply asking the Village to balance interests and help Cummins where you can through the 6B exemption extension. Cummins employs 700 people in the USA. Many suppliers in the Chicago area fabricate components for Cummins. Total aggregate employment at our Chicago area suppliers is around 7,000 people. Should Cummins be forced to move our facilities, at a future date we would have to seek new suppliers at our new production location. This could have an adverse impact upon the 7,000 jobs at our suppliers in the Chicago area. We do not wish to move, but the taxes in Cook County make it increasingly difficult to remain. Ten years ago there were four U.S..based manufacturers in Cummins industry, which is the production of coin and currency processing machines utilized by banks and other institutions to count, sort and authenticate money at high speeds: The four U.S. manufacturers supplied 80% of the total U.S. market demand. These U.S. manufacturers had plants located in the states of Wisconsin, Illinois and Pennsylvania. The total aggregate employment was about 3,000 people operating 6 different manufacturing facilities, each in excess of 100,000 sq.ft. Today, only Cummins-Allison remains as a U.S. based manufacturer in our industry. The other U.S. manufacturers have gone out of business or have been acquired by foreign manufacturers. The high cost of operating manufacturing in the USA forced the other three U.S. companies to shut down U.S. production or sell out to a foreign company. When the U.S. companies were acquired by the foreign manufacturers, the U.S. production was shut down. Today, only the Cummins manufacturing facility remains in the United States. Cummins is under constant pricing pressure from these foreign manufactures and any assistance the Village can give Cummins in reduction to real estate taxes would be helpful. We face unique pressures as a manufacturer Page Four: because our competitors' market is anywhere in the world, so our costs including tax burdens, cannot be in excess of our competitors located in other parts of the wodd. As a result of our industry's shift in production from the United States to locations in other countries Cummins is the sole remaining U.S, manufacturer-supplying product for about 30% of the total U.S. market requirement. The other 70% is now supplied by foreign manufacturers. With the cooperation of the Village, we can sustain our production here in the United States, and, in fact, increase our market share in the United States as well as our exports to other parts of the wodd. If we are successful with this strategy we will indeed see employment double again here at Cummins in the next 8 years, but we must have a reasonable cost basis from which to operate. You may have read articles in the Wall Street Journal, Business Week, Time or Newsweek reporting the fact that capital goods manufacturers in the USA cannot increase their prices. In fact, capital goods manufacturer are having to decrease their pdces. This is a result of excess capacity around the world. Manufacturers in Europe, Japan and now China are dumping products in the United States. For example, in Cummins industry the Japanese manufacturer sell their equivalent product in Japan for three times the value of what they sell the same product here in the United states. The European manufacturers in our industries sell their products for twice as much in Europe as they do in the United States. Add to this the fact that the Japanese market is closed to Cummins-Allison basically around covert and overt agreements as well as security issues and we have limited penetration in Europe where we can only sell our patented products. This price pressure is not unique to Cummins. Many U.S. manufacturers face this same pressure. At the same time U.S. capital goods manufacturers are being faced with significant increase in certain cost, including the cost of'healthcare; which is now accelerating at more than 18% to 20% per year. We have to find ways to absorb this cost because we cannot raise our prices to our customers. In a like manner, insurance rates are being increased significantly to manufacturers due to the crisis of September 11 over one year ago. The reserves of many insurance companies were depleted and by law premiums have been raised significantly to compensate and rebuild the reserves. Therefore, increases in any types of taxes, including income and property taxes are very difficult for Cummins or any U.S. manufacturer to absorb at this point in time. Simply stated, it is very difficult for Cummins to absorb additiOnal coSts in this economic environment. If Cummins attempts to raise our prices to our banking customers, they will simply stop buying machines from Cummins and purchase it from foreign manufactures who will offer it at a lower price. 4 Page Five: Cummins must compete against manufacturers based in countries such as Mexico, Brazil, and China where the tax burden, wages, and benefits are substantially lower than in the USA. (In fact, China and Mexico would provide property tax and other tax relief incentives if a U.S. manufacturer will move there) If Mount Prospect elects not to support the 6B extension and Cummins is burdened with ever increasing taxes, at some point we will have no choice but to leave Mount Prospect in order to preserve our survival. We wish to stay and be a part of the community, and pay our taxes, but we need tax relief when it is in the Village's power to grant such relief. We are all too familiar with the closing of factories such as the Motorola cell phone facility in Harvard, Illinois where thousands of US jobs were lost. Motorola has moved the cell phone production to China. Many jobs were lost at the former AM production facility in Mount Prospect, Illinois. In the late 1970s, 2,300 employees worked at the AM facility in Mount Prospect. U.S. Robotics and 3 COM later followed with fewer employees, both have now vacated the building. We at Cummins wish to remain a US based manufacturer. We do not want to move production to Mexico or China, butwe are going to need YoUr cooperation to help us remain here in the USA. Large public companies like Levi, Maytag, General Electric, Emerson, General Motors, Ford, Rubbermaid, Samsonite, Raleigh Bicycles, 'Murray, Cooper Tools, and many other smaller companies are closing U.S. factories and moving thousands of jobs to Mexico and China. As you may know, 1.8 million US manufacturing jobs were moved from the United States to areas such as Mexico and China just during the last 24 months. Issues such as high property taxes make it increasingly difficult for U.S. companies to .maintain manufacturing .in the United States. We hope that the Village is able to provide some tax relief to Cummins. We believe our request is fair and balanced. If our costs continue to accelerate Cummins at some point in time will have no alternative but to relocate to Lake County or another state in the United States, or move our manufacturing facilities outside of the United States altogether. We recognize it is the sole jurisdiction and responsibility of our elected officials in government to determine taxes and tax policies. In a like manner, it is our responsibility to inform governments of situations in the marketplace which dictates the level of tax burden Cummins can carry as a company and still survive. We trust this information will enable the Village to make equitable taxing policy decisions that will foster and encourage commerce in Mount Prospect. age Six: Cummins management is available to answer queStions and address issues of concern from the Village Trustees. Thank you for your concern, it has been a pleasure to be a part of the Mount Prospect community. Sincerely, CUMMINS-ALLiSON CORP. William J. Chairman W J J/ss 10-9~02mayormtprospect 1~11~2 RESOLUTION NO. A RESOLUTION IN SUPPORT OF ILLINOIS SUPERCONDUCTOR MAKING APPLICATION FOR AN EXTENSION OF A COOK COUNTY CLASS 6bTAX ABATEMENT WHEREAS, the Village of Mount Prospect encourages community development to provide for economic growth and career opportunities; and WHEREAS, through property tax incentives offered by Cook County, various opportunities exist for new businesses to become established in Mount Prospect, Cook County;, and WHEREAS, without the Cook County property tax incentives, Mount Prospect is at a competitive disadvantage with the neighboring counties of Lake and DuPage in attracting and retaining industrial development; and WHEREAS, Illinois Superconductor, has requested the Village of Mount Prospect to support their application for an extension of their Class 6b real property classification at 451 Kingston Court; and WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their request is in the best interest of the economic development in the Village of Mount Prospect. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby support and consent to the application of Illinois Superconductor, located at 451 Kingston Court, for an extension of a Class 6b Property Classification from Cook County, which allows a 16% assessment level for the first 10 years, 23% in the 11th year and 30% in the 12th year for the property legally described as follows: Lot 6 in Kensington Business Center Resubdivision Twenty Five, North half of Section 35, Township 42 North, Range 11, East of the Third Principal Meridian, Cook County, Illinois, according to the plat thereof recorded February 1, 1989 in the Office of the Registrar of Titles as Document LR-3, 770, 802, all in Cook County, Illinois Permanent Index Numbe~. 03-35-200-054. SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased employment and economic development and this proposed development is in furtherance of this goal. The Beard of Trustees of the Village of Mount Prospect further finds that this incentive is necessary for development to occur on the Subject Property. Illinois Superconductor Page 2/2 SECTION THREE: That development of the property is subject to compliance with all requirements of the I-1 (Light Industrial) District and development standards of the Kensington center for Business. SECTION FOUR: 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 , .2002. ATTEST: Gerald b Fadey Mayor Velma W. Lowe Village Clerk 12/10/02 RESOLUTION NO. A RESOLUTION IN SUPPORT OF CUMMINS ALLISON CORPORATION MAKING APPLICATION FOR AN EXTENSION OF A COOK COUNTY CLASS 6bTAX ABATEMENT WHEREAS, the Village of Mount Prospect encourages community development to provide for economic growth and career opportunities; and WHEREAS, through property tax incentives offered by Cook County, vadous opportunities exist for new businesses to become established in Mount Prospect, Cook County;, and WHEREAS, without the Cook County property tax incentives, Mount Prospect is at a competitive disadvantage with the neighboring counties of Lake and DuPage in attracting and retaining industrial development;, and WHEREAS, Cummins Allison Corporation, has requested the Village of Mount Prospect to support their application for an extension of their Class 6b real property classification at 891 Feehanvi!!e Drive; and WHEREAS, the corporate authorities of the Village of Mount Prospect believe that their request is in the best interest of the economic development in the Village of Mount Prospect. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the Mayor and Board of Trustees of the Village of Mount Prospect do hereby support and consent to the application of Cummins Allison Corporation, located at 891 Feehanville Drive, for an extension of a Class 6b Property Classification from Cook O County, which allows a 16 ~ assessment level for the first 10 years, 23% in the 11th year and 30% in the 12th year for the property legally described as follows: Lot 310-B in Kensington Business Center Resubdivision VII of Lot 310 in Kensington Center Phase Three-A, being a part of the Northwest % and the Northeast % of Section 35, Township 42 North, Range 11, East of the Third Principal Meridian, Cook County, Illinois, according to the plat thereof recorded May 4, 1981 as document No. 25859082 Permanent Index Numbers: 03-35-102-025 03-35-102-026 SECTION TWO: That the Village of Mount Prospect supports industrial growth, increased employment and economic development and this proposed development is in furtherance of this goal. The Board of Trustees of the Village of Mount Prospect further finds that this incentive is necessary for development to occur on the Subject Property. Cummins Allison Page 2/2 SECTION THREE: That d~velopment of the property is subject to compliance with all requirements of the I-1 (Light Industrial) Distdct and development standards of the Kensington Center for Business. SECTION FOUR: 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 ,2002, ATTEST: Gerald L. Fadey Mayor Velma W. Lowe Village Clerk Mount Prospect Public Works Department INTEROFFICE MEMORANDUM TREEQTYUSA TO: FROM: DATE: SUBJECT: VILLAGE MANAGER MICHAEL E. JANONIS PROJECT ENGiNEER DECEMBER 12, 2002 MFT RESOLUTIONS - 2003 Attached are the following: · Resolution for Improvement by Municipality Under the Illinois Highway Code (BLR 4103) in the amount of $1,192, 000.00 for this year's street resurfacing program. The bid opening is scheduled for February, 2003. Resolution for Maintenance of Streets and Highways by Municipality Under the Illinois Highway Code (BLR 4123) in the amount of $1,201,726.00. This Resolution is required by the Illinois Department of Transportation before the Village can expend Motor Fuel Tax funds for general maintenance operations. Included in this Resolution are the following: AecountNo. PageNo. 1. 0505105-570540 222 2. 0505405-540660 246 3. 0505405-550220 246 4. 0505405-690058 246 5. 0507706-540530 302 6. 0507706-540540 302 7. 0507706-540545 302 8. 0505104-540515 221 9. 0505104-540535 221 10. 0507706-690005 302 11. 0507706-690099 302 12. 0507706-690096 302 Item Budget Salt & Calcium Chloride $112,520 Traffic Signal Maintenance $153,000 · Electric-N.W. Highway $90,850 Traffic Signal Replacement $140,000 * Pavement Evaluation Study $3,370 Pavhment Testing $10,200 Resurfacing Testing $82,800 Crack Filling $44,990 Pavement Markings $40,000 Street Light Improvements $147,903 * Bridge Rehabilitation $360,000 * NW Hwy. Resurfacing $16,093 · $1,201,726 · Includes 2002 Carryover Amounts: Traffic Signal Maintenance, Gregory & Rt 83, Owen & Central $78,000 Traffic Signal Replacement, Rt 83 $125,000 Bridge Rehabilitation $260,000 Resurfacing, NW Hwy. $16,093 Street Lights, Rt 83 & Central $28,600 AGE 2 MFT RESOLUTIONS - 2003 DECEMBER 12, 2002 These Resolutions are required by the Illinois Department of Transportation before the Village can expend Motor Fuel Tax funds. I recommend that the Village Board adopt these resolutions at the Village Board Meeting on December 17, 2002. I concur with the above recommendation. (31en"'l~. Andler, Pul~lic Works Director Cc: Village Clerk Velma Lowe Illinois Department of Transportation Resolution for Improvement by Municipality Under the Illinois Highway Code Construction BE IT RESOLVED, by the Mayor and Board of Trustees of the Council or President and Board of Trustees Village of Mount Prospect Illinois City, Town or Village that the following described street(s) be improved under the Illinois Highway Code: Name of Thoroughfare I Route I From I To 2003 Resurfacing Program : (various locations) BE IT FURTHER RESOLVED, 1. That the proposed improvement shall consist of Pavement removal, 1.5" bit. concrete binder course and a 1.5" bit. concrete surface course curb and gutter replacement, Bituminous and PCC driveway repairs, PCC sidewalk replacement, drainage structure repairs and parkway restoration and other appurtenant work. and shall be constructed (varies) wide and be designated as Section 03-00141-00-RS 2. That there is hereby appropriated the (additional [] Yes [] No) sum of One Million One Hundred Ninety Two Thousand and 00/100 Dollars ( $1,192,000.00 ) for the improvement of said section from the municipality's allotment of Motor Fuel Tax funds. 3. That work shall be done by Contract ; and, Specify Contract or Day Labor BE IT FURTHER RESOLVED, that the Clerk is hereby directed to transmit two certified copies of this resolution to the district office of the Department of Transportation. APPROVED Date Department of Transportation District Engineer I, VelmaW. Lowe Clerk in and for the Village of Mount Prospect City, Town or Village County of Cook , hereby certify the foregoing to be a true, perfect and complete copy of a resolution adopted by the Mayor and Board of Trustees Council or President and Board of Trustees at a meeting on December 17, 2002 IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this day of (SEAL) Village Clerk City, Town or Village BLR 4103 (Rev. 11/00) Illinois Department of Transportation Resolution for Maintenance of Streets and Highways by Municipality Under the Illinois Highway Code BE IT RESOLVED, by the Mayor and Board of Trustees of the (Council or President and Board of Trustees) Village of Mount Prospect , IHinois, that there is hereby (City, Town or Village) (Name) appropriated the sum of $1,201,726.00 of Motor Fuel Tax funds for the purpose of maintaining streets and highways under the applicable provisions of the Illinois Highway Code from January 1, 2003 to December 31, 2003 BE IT FURTHER RESOLVED, that only those streets, highways, and operations as listed and described on the approved Municipal Estimate Of Maintenance Costs, including supplemental or revised estimates approved in connection with this resolution, are eligible for maintenance with Motor Fuel Tax funds during the period as specified above. BE IT FURTHER RESOLVED, that the Clerk shall, as soon a practicable after the close of the period as given above, submit to the Department of Transportation, on forms furnished by said Depadment, a certified statement showing expenditures from and balances remaining in the account(s) for this period; and BE IT FURTHER RESOLVED, that the Clerk shall immediately transmit two certified copies of this resolution to the district office of the Department of Transportation, at Schaumburg , Illinois. I, Velma W. Lowe Clerk in and for the of Mount Prospect , County of Cook Vii[age (City, Town or Village) hereby certify the foregoing to be a true, perfect and complete copy of a resolution adopted by the Mayor and Board of Trustees (Council or President and Board of Trustees) at a meeting on December 17, 2002 Date IN TESTIMONY WHEREOF, I have hereunto set my hand and seal this day of (SEAL) Village Clerk (City, Town or Village) APPROVED Department of Transportation Distdct Engineer BLR 4123 (Rev. 6/2000) ount Prospect Public Works Department INTEROFFICE MEMORANDUM TO: FROM: DATE: SUBJECT: VILLAGER MANAGER MICHAEL E. JANONIS VILLAGE CLERK VELMA LOWE VILLAGE ENGINEER DECEMBER 9, 2002 MENARDS 750 EAST RAND ROAD Attached please find the Vi[Lase Board Approval and Acceptance form for the subject project. The project has been satisfactorily completed and I recommend approval of this Project. PLease place this in tine for inc[u~i0n at the December !7, 2002 ViLtase Board Meetin§. Cc: GLen R. AndLer, PubLic Works Director X:\fites\engineer\dev\boardacc\Menardsmm ILLAGE BOARD ACCEPTANCE OF PUBLIC IMPROVEMENT AND/OR PRIVATE IMPROVEMENT APPROVAL PROJECT: ~IE, NARDS LOCATION: 750 East Rand Road DATE: December 9; 2002 STAFF APPROVAl, ENGINEERING DRAWINGS APPROVED: PLAT OF SUBDMSION RECEIVED: PLAT OF SUBDIVISION RECORDED: AS BUILT PLANS REVIEWED AND APPROVED: PUBLIC WORKS APPROVAL: COMMUNITY DEVELOPMENT APPROVAL: FIRE DEPARTMENT APPROVAL: ENGINEER CLERK CLERK ENGINEER PUB.WKS.DIR. COMM.DEV. DIR. FIRE PREVENTION PI[RI,IC IMPROVEMqg, NT,q FOR ACCEPTANCE'BYVII,I,Ac~F. WATER MAIN N/A SANITARY SEWER N/A STORM SEWER N/A ROADWAYS Complete SIDEWALKS Complete STREET LIGHTS N/A PARKWAY TREES 2 PARKWAY LANDSCAPING Complete PRIVATE IMPROVF, ME, NTS APPROVED WATER MAIN SANITARY SEWER STORM SEWER DETENTION FAC1LITY ROADWAY PARKING LOTS SITE LIGHTING LANDSCAPING Fl,iildlng Service Complete Complete N/A Complete Complete Complete APPROVED BY THE BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, THIS DAY OF. _, 2002. Village Clerk ount Prospect Public Works Department INTEROFFICE MEMORANDUM TO: FROM: DATE: SUBJECT: VILLAGER MANAGER MICHAEL E. JANONIS VILLAGE CLERK VELMA LOWE VILLAGE ENGINEER DECEMBER 9, 2002 SUNRISE PLAZA 905 EAST RAND ROAD Attached please find the ViLLage Board Approval and Acceptance form for the subject project. The project has been satisfactorily completed and I recommend approval of this project. PLease place this in Line for inclusion at the December 17, 2002 ViLLage Board Meeting. CC: GLen R. AndLer, PubLic Works Director X:\fites\engineer\dev\boardacc\Sunrisemm ILLAGE BOARD ACCEPTANCE OF pUBLIC IMPROVEMENT AND/OR PRIVATE IMPROVEMENT APPROVAL PROJECT: SI~NRISF, PI,AZA LOCATION: 905 East Rand Roaci DATE: December 9> 2002 STAFF APPROVAl, ENGINEERING DRAWINGS APPROVED: PLAT OF SUBDIVISION RECEIVED: PLAT OF SUBDIVISION RECORDED: AS BU1LT PLANS REVIEWED AND APPROVED: PUBLIC WORKS APPROVAL: COMMUNITY DEVELOPMENT APPROVAL: FDLE DEPARTMENT APPROVAL: ENGINEER CLERK CLERK ENGINEER PUB.WKS.DIR. COMM.DEV. DIR. FIRE PREVENTION PUBT,IC IMPROVE, MI~,,NTS FOR ACCEPTANCE BY VII,I,AGE WATER MA/N N/A SANITARY SEWER N/A STORM SEWER N/A ROADWAYS N/A SIDEWALKS N/A STREET LIGHTS N/A PARKWAY TREES .~I PARKWAY LANDSCAPING Complete PRIVATE IMPROVE~IVEENTS APPROVED WATER MAIN SANITARY SEWER STORM SEWER ROADWAY PARKING LOTS SITE LIGHTING LANDSCAPING [hfilcling Service Ftnilcllng ~qervlce Com~tfl~e N/A Complete Complete APPROVED BY THE BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, THIS DAY OF. ,2002. Village Clerk