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HomeMy WebLinkAbout1722_001�11 A COMMITTEE OF THE WR LE 0 FEBRUARY 26, 1985 1# ROLL CALL The meeting was called to order at 7:31 p.m. Present at the meeting were-, Mayor Carolyn Krause- Trustees Ralph Arthur, P Gerald Farley, Norma Murauskis, and George Van Geem. Absent from the meetinwere Trustees Leo Fioros and Theod gore Wattenberg. Also pres,,e'ln3t, at the meeting were. Vi llage Manager Terrance Bur,,ghl,ard,,, Assistant to the Village Manager Michael Janonis Di�r',,elc,,,tor of Public Works Herbert Weeks, Deputy Director of Public Works Glen Andler, Village Eng ine er Chuck Benc ic , Director of Finance Dav I'd Jepson and Intern Michael Steklac. There were also two persons from the print media 'in attendance. IIm 'MINUTES The Minutes of the Committee of the Whole meeting o.L February 12, 1985 were accepted and filed, IIIa OPENING REMARKS Mayor Carolyn Krause announced that the Committee of the Whole meeting was being televised over cable television and invited citizens who were watching the broadcast to phone in any questions they may have had regarding the Village and its functions, IV* CITIZENS TO BE HEARD There being no citizens present at the meeting desiring to make any presentations before the Committee of the Whole, the Mayor moved on to the next item of bus iness . V 1W 1985-1986 BUDGET HEARINGS A* V * illage Manager Terrance Burghard gave a genera .1''Budget overview in which he stated that the Budget for f iscal year 1985-1986 amounted to some $23.7 million which was an increase of 5.7% over the 1984-1985 Budget. Mr. Burghard also noted that staff ing for the Village was the same as last year and was, in fact, less than 'in previous years Mr. Burghard also reiterated that the Village, on a whole, was in a stable financial positl'on, 10 V W V W 1W 40 Ab ow do W wo waw ............ 0• ow 1W 4W 40 Alt It was noted that Community Development Block.Grant Funds would be used to fund this request. In response to ques- tion�s of the Trustees, representatives from the Park District indicated that once the park had been brought on line, the Park ♦District would ♦be totally responsible for its maintenance and upkeep, The representa�t,�ves trom the Par., District also indicated that they would attempt to provide a minimum level of programming for the children in the area. In' particular, they would look into the possibility of sponsorinprograms in conjunctlon witLml the e propos g d Gir1 Scout summertime programs* It was the consensus of the Committee of the Whole that the request of the River Trails Park Digtrict be granted. C. DirePublic Works Herbert Weeksmad,e a 11 Budge presentation to the Committee of the Whole on the propose Budet for the Public Work& Department. Mr. Weeks' prese gn tation was broken into'four parts representing, the fou opleralting Divisions witnin the Public Works Department Those Divisions are, Streets, Water/Sewer, Parking an Engineering, i The Street' Division, has 14 separate slervice oriented programs at a total- budget of $2.9 million, The maj or addition to the Street Division s Budget was the assumption of. the d.ay-to-day administration of the Refuse Contract, formerly with the Health Department. Other 'Items of note were a requestfor an increase in the residents' contri- bution 'in the Parkway Cost/Share Tree Replacement Program from $15.00 to $50.00. The cost of planting trees now 'f the Village is averages $140* The increase is necessary I to maintain its current plantings of approximately 300 trees per year, dO MA AA A% 910% 0' 9 AN Ak —mail 0 40 S OOP woo • A No r. AN, qp IMP 0 10 w w do 40 "00, do qp r. v 40 id, ob 4v 46 go 'Am% A% 40 4w Ak Ab it 40 AV, op or 0 ow Ap ON do AN, W op 40 A, V AD 4b 40 40 4w w w lop Oft A% 0 40 40 db 0 do 4m M. 41 ow All dF wo D Director of Finance David Jepson gave an overview oil 'DeM t Service and Pension Funds, Mr. Jepson stated that tota de"St service incurred 'by e Village amounted to $914tOO or approximately 3.8% of the Village's proposed Budget. H went on to explain that there were two types of debt, th first being General Obligation Debt backed by the full fait and credit of all property of the Village, and Specia Service Areas which *is supported by property 'in a defii. n e area, General Obligat ion Debt Service amounts to some $551 000 and is made up of three ma *or Bond Issues the f irs t be 'Ing the j 1973 Corporate Purpose Bonds for Flood Control and Sewer Rehab *11 itat ion- the second being the 1974 Corporate Purpose Library, a Mnicipal Building Bond Issue and the third being the 1984 Communications (Computer -Aided Dispatch), Equipment. The average 'interest rate for all General Obligation Issues is a very attractive 5.6%. 9pecial Service Area Debt Serv,ice amounts to some $363,000 and is made up of the foll,owing areas, Special Service Area #1 Prospect Meadows Special Service Area #2 Blackhawk Special Service Area #3 Busse Wille Special Service Area #4 Busse/Wille Special Service Area #5 Lake Michigan Water Special Service Area #5 for Lake Michigan Water acquisition is the largest Special Service Area encompassing all property within the Village except that area wh1ch i S currently serviced by the Citizens Utilities Company. Mr. Jepson reported that the Village is'in a very h,ealthy .d.ebt position witn General Obligation Debt of approximately $3 million.- This amounts to & debt 2,��r, ta of approxi mately $57.00 and a rat 1*0 -2e ,assessed v,a,.,l,,u,e of 0*65%* The Villagef* s *0 G I en, ra 11'f Ob _, 1 11 1 - g 1-0 tion Bondgcurr , e , n I tly have a AA rating by Moody's Investor Service and when this I& considered with the above ratios, it demonstrates the excellent debt position the Village is in. Finance Director David Jepson 'Indicated that Pension cost -A. to the Village for the 1985-1986 Budget year totals $2. m , 11 ion or 11 .4% of the V * 11age I g Budet. Th's figure - 1 3. is som $129,000 less than 1984-1985, Mr. Jepson reported tha three Pension plans provide benefits to Village employees Those Pension plans are: Policements Pension Fund, Fire menis Pension Fund and Illinois Municipal Retirement Fun (IMRF)/Socl*al Security (FICA). ME These Plans are funded generally by the employee and the Village. In the Firemen's Pension Fund, employees contri- bute approximately 7.75% to the Village's 11-66%. Policemen contribute 8.5% to the Village's 10.07% and clerical and administrative staff contribute 11.5% to the Village's The other major contributor to the Pension Fund "is investment income, In the past two years, the Village has undertaken an independent actuarial evaluation of the Policemen s and Firemen s Pension Funds which are administered on a local bas 1* s As of April 30, 1984, the Policemen's Pension Fund is funded at a 99.7% level and the Firemen's Pension Fund 'is at a 179.6% level, These funding levels are well above the State averages for Policemen's and Firemen's Pension Funds, At these funding levels, the estimated 1985 Tax Levy for Pensions will amount to $209,000 for Police and $00.00 for the Firemenis Pension Fund. This is the same as the 1984 Levy as abated, Mr. Jepson indicated that this level of funding 'indicates the commitment of the Village to meet its obligations, I VIa MANAGER'S REPORT I% - Due to the length of time of the televised Budget Hearing, the Manager's Report was deleted, VII. ANY OTHER'BUSINESS Mayor Krause 'Indicated that on Thursday, February 28, Governor Thompson would be meeting at Forest View High School with local government officials to discuss problems that are of a concern to them. The Mayor also *indicated thaL Saturday, March 2, at the regularly scheduled Coffee w *th Council meeting, Representative Phil Crane would be i*n 1 1. attendance to answer questions that the Trustees and public might have. Trustee Farley requested that that would update the Board on Center for Business with an hazardous types of businesses 0 Uenter, ADrURNMENT staff prepare a monthly report tenant changes at Kensingtob eye on determining whether any had moved 'Into the Business 'I There being no further business, the meeting was aajourned at 9: 41 p *m 6 Respectfully submitted, TERRANCE L. BURGHARD Village Manager IN Fire�\ �: °§\ 2�:<:� y\<�`» ..~� Prograll, \ ». / \\\ y« \\yd .- « ... ._. . 7T-- \ 2 ® ior Op'.. altibns Fit# mion \ \ w� .m FiTA,- \_ :` R"PonsO .§. �:\\ » « \ � \ :</_ »§* eumme � f � *� \:ƒ � f°\» ~^^-Val M- Phyokw ^�`.:~�^� � ��\��.�/\�\\>d « \ y . :� :� . _ . mv , � . 2� . . W \: / \mom ©- y : < vd "AMMKLAI._. \ . \ ��� ^% O�� .. . w \° * _ .,�.�� y / � 2 ©<? _ » �2 \.\ / 2 �� . }- � »� : �- (?® a .: / ._- _yyT — -91or --- IMF— I = : M� L7"m- I I 47�6- �A*m 46 F lj� �'