HomeMy WebLinkAbout02/24/2015 COW Agenda
COMMITTEE OF THE WHOLE
A G E N D A
Meeting Location:Meeting Date and Time:
Mount Prospect Village HallTuesday,February 24, 2015
50 S. Emerson7:00 p.m.
I.CALL TO ORDER -ROLL CALL
Mayor Arlene A. Juracek
Trustee Paul HoefertTrustee Steven Polit
Trustee John KornTrustee Richard Rogers
Trustee John MatuszakTrustee Michael Zadel
II.APPROVAL OF MINUTES OF THE COMMITTEE OF THE WHOLE FOR
FEBRUARY 10, 2015
III.CITIZENS TO BE HEARD
IV.REAL ESTATE TRANSFER TAX DISCUSSION
The real estate transfer tax has been in place since 1987 and is assessed upon the
buyer at a rate of $3 per $1000 of sale value. Mount Prospect has always been one
of the few communities that levied the tax upon the buyer. For example, of the 78
communities that levy real estate transfer taxes 60 of those communities levy the tax
upon the seller. Furthermore, of the four neighboring communities that levy the tax in
our immediate area none of them levy the tax upon the buyer.
Beginning in 2009 with provisions mandated as part of the federal act entitled the
Act (Red Flag Rules) and state requirements
Fair and Accurate Credit Transactions
relating to the Act, the process for issuing a real estate
Freedom of Information
transfer tax stamp has become extremely cumbersome. The current process
followed in issuing a transfer stamp has been relatively unchanged since its
inception. Efforts to comply with the new regulations have been integrated into this
existing process. As a result, issuing a transfer stamp has become awkward and
customers may experience unnecessary delays.
After a review of internal procedures, and gathering input from transfer stamp
customers including property owners, real estate agents and attorneys, staff has
identified where changes could be made to the current process to improve efficiency
for the customer without impacting the revenue generated or compromising internal
controls.
Village staff will be on hand to facilitate the discussion regarding a staff
recommendation to change the responsibility of the real estate transfer tax to the
seller.
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Strategic Plan Goal: Governance –
Fiscal Health: Maintain a solid fiscal position through active stewardship of
Village finances.
Quality Service: Provide high-value, relevant municipal services.
V. 2015 COW TOPICS
Staff has compiled the topics submitted by the elected officials, staff, and department
directors to suggest a tentative schedule for the upcoming calendar year. The
proposed schedule is attached along with the topics that were submitted. A couple of
topics will need additional direction to ensure that efficient staff research is
undertaken to present to the Village Board recommendations that are of sufficient
quality to allow for a robust discussion and ultimately direction to staff. Each topic to
be discussed will fall under a particular principle of the Strategic Plan and will be
identified as such as each topic is presented for discussion.
Strategic Plan Goal: Governance –
Leadership: Ensure policies are responsive to changing local and regional
dynamics.
VI.VILLAGE STRATEGIC GOALS UPDATE
Village staff has been integrating the Strategic Goals into overall departmental
objectives within the following areas: 1) Budget; 2) Committee of the Whole topics;
and, 3) Department Director department/staff development plans with measurable
success factors. This integration is being undertaken in a step by step manner so
that as staff becomes more familiar with applying the goals as part of typical
operations such strategic thinking will be routine and part of the natural decision
making process.
This progress has been purposeful as to not overload staff with implementation
processes and all strategic goals and objectives are considered on an equal basis
with no more effort devoted to one particular area of focus over another. This update
is only presented as informational at this stage and if there are areas in which the
Village Board would desire additional effort focused toward any strategic goal staff
would be open for further discussion.
VII.MANAGER’S REPORT
Status
VIII.ANY OTHER BUSINESS
IX.ADJOURNMENT
NOTE:ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A
DISABILITY NEEDS SOME ACCOMMODATION TO PARTICIPATE, SHOULD CONTACT THE
VILLAGE MANAGER'S OFFICE AT 50 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056,
847/392-6000, EXTENSION 5327
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