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HomeMy WebLinkAbout03/27/2007 COW agenda iY<~i;.~~ I '",<'<' ~'---,""~,' ~ ' ( I~ ''>' \~\ \ i ~ ,7 ;'ri ~1 ,. ;lliUltgtaf~auat'ruSJ1'rl <:: ~~~~ ' ~> COMMITTEE OF THE WHOLE AGENDA Meeting Location: Mount Prospect Village Hall 50 South Emerson Street Meeting Date and Time: Tuesday, March 27,2007 7:00 p.m. I. CALL TO ORDER - ROLL CALL Mayor Irvana K. Wilks Trustee Timothy Corcoran Trustee Richard Lohrstorfer Trustee Paul Hoefert Trustee Michaele Skowron Trustee John Korn Trustee Michael Zadel II. ACCEPTANCE OF MINUTES OF MARCH 13, 2007 III. CITIZENS TO BE HEARD IV. 2007 CAPITAL IMPROVEMENT PROJECT OVERVIEW As the construction season approaches, Mount Prospect will undertake its annual Capital Improvement Program (CIP). This year's projects include improvements to the Village's streets, sidewalk, watermain sewers, and traffic signals. This work represents the necessary upkeep of our critical infrastructure. Village Engineer Jeff Wulbecker will provide his annual CIP overview. V. FLOODPLAIN ORDINANCE MODIFICATIONS Periodically changes to the Village's Floodplain Regulations are required to stay compliant with the National Flood Insurance Program, Staff will present current revisions that are required now and future revisions that will be necessary within the next year. The trigger for these changes is revisions to the maps that are used to regulate the floodplain areas. Recent changes to these maps will require immediate action from the Board. Future revisions to the floodplain maps for all of Cook County are anticipated within the next year and will prompt code modifications when they become effective. Staff has taken this opportunity to review our entire code and will recommend additional changes to the code at the time of these future revisions. NO TE: ANY INDIVIDUAL WHO WOULD LIKE TO A TTEND THIS MEETING BUT BECAUSE OF A DISABILITY NEEDS SOME ACCOMMODA TlON TO PARTlCIPA TE, SHOULD CONTACT THE VILLAGE MANAGER'S OFFICE AT 50 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 847/392-6000, EXTENSION 5327, TDD #847/392-6064. VI. E.PAY OPTIONS The Village currently allows payment of utility bills through a bank lockbox (by mail) or at the front counter at Village Hall. There are also two night-drop boxes available for customers to leave payments after regular business hours. Increasingly, the Finance Department is receiving requests from customers asking for the ability to make payments over the internet or have the payment taken directly from a checking or savings account. The Chase Pay Connexion program being presented offers our utility customers the ability to pay for service 24/7 from any computer with access to the internet. The user can make a one-time payment or become a registered user which provides additional benefits. In addition to the e-pay alternative, a companion program is recommended that will automatically debit a customers account on the bill due date. Providing additional alternatives to the existing payment options for Mount Prospect utility customers has multiple benefits. Improved customer service is achieved by allowing the customer to make a payment by a method and at a time most convenient. The Village benefits by improved work processing and increased cash flow by removing the collection float. Staff will make a presentation on the e-pay programs and will be on hand to answer questions and facilitate discussion. VII. POLICE/FIRE PENSION FUND ANALYSIS In February 2007, the Illinois Municipal League (IML) released a study on the funding status of the Downstate and Suburban Police, Fire and IMRF pension systems, The study was done in response to concerns regarding the fiscal condition of the downstate and suburban funds and how ongoing benefits will be funded, Included in the aggregate results of the study are each of the state's local police and fire funds. In addition, the study reviewed individual police and fire pension funds for impact to their respective tax levies. The study also included an analysis of the consolidated state-wide IMRF pension fund. Results indicate that the fiscal condition of the IMRF pension is strong. As such, the main focus of this discussion will be on the police and fire pensions. The IML study analyzed all of the downstate police and fire pension funds over a 17 -year period from 1987 to 2004. The source of the data is from the Illinois Department of Financial and Professional Regulation (IDFPR). Results of the study were published in a 53-page report entitled Fiscal Analysis of the Downstate Police, Fire and IMRF Pension Systems. In addition to the 53-page report, the IML prepared two separate documents that report the Key Findings of the study and provide a brief Fiscal Analysis. Staff will be on hand to discuss the results of the study and to answer questions and facilitate discussion. Staff will also report on the condition of the Village's police and fire pensions, VIII. VILLAGE MANAGERS REPORT . STATUS IX. ANY OTHER BUSINESS X. ADJOURNMENT MAYOR Irvana K. Wilks Mount Prospect TRUSTEES Timothy J. Corcoran Paul Wm. Hoefert A. John Kom Richard M. Lohrstorfer Michaele W. Skowron Michael A. Zadel Phone: (847)392-6000 Fax: (847)392-6022 TDD: (847) 392-6064 VILLAGE MANAGER Michael E. Janonis VILLAGE CLERK M. Lisa Angell Village of Mount Prospect 50 South Emerson Street Mount Prospect, Illinois 60056 o R D E R OF BUS I N E S S SPECIAL MEETING Meeting Location: Mount Prospect Village Hall 50 South Emerson Street Mount Prospect, Illinois 60056 Meeting Date and Time: Tuesday March 27, 2007 6:00 P.M. I. CALL TO ORDER II. ROLL CALL Mayor Irvana K. Wilks Trustee Timothy Corcoran Trustee Richard Lohrstorfer Trustee Paul Hoefert Trustee Michaele Skowron Trustee A. John Korn Trustee Michael Zadel III. CLOSED SESSION PERSONNEL 5 ILCS 120/2 (c) (1) - The appointment, employment, compensation, discipline, performance, or dismissal of specific employees of the public body, including hearing testimony on a complaint lodged against an employee to determine its validity. IV. ADJOURNMENT ***** ANY INDIVIDUAL WITH A DISABILITY WHO WOULD LIKE TO ATTEND THIS MEETING SHOULD CONTACT THE VILLAGE MANAGER'S OFFICE AT 50 SOUTH EMERSON STREET, 847/392-6000, TDD 847/392-6064.