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HomeMy WebLinkAbout07/10/2007 COW agenda COMMITTEE OF THE WHOLE AGENDA Meeting Location: Mount Prospect Village Hall 50 South Emerson Street Meeting Date and Time: Tuesday, July 10, 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 Arlene Juracek Trustee John Korn Trustee Michael Zadel II. ACCEPTANCE OF MINUTES OF COMMITTEE OF THE WHOLE MEETING OF MAY 8, 2007 III. CITIZENS TO BE HEARD IV. 2008-2012 CAPITAL IMPROVEMENTS PLAN In 1997, the Village Board formally adopted its first comprehensive 5-year Capital Improvements Plan (CIP). In previous years, the Village used a number of separate documents in its capital projects planning. While each of these documents was useful in its own right, none offered an overall picture of the Village's capital needs. The establishment of a 5-year Capital Improvements Plan (CIP) provides a comprehensive view of the Village's capital needs for consecutive rolling five-year windows. The proposed 2008-2012 CIP is generally comprised of projects that involve the purchase or construction of long-lived, tangible assets at a cost of $25,000 or more. The total cost of all requests for all years included in the plan is approximately $58.1 million. Many of the requests in the plan are simply continuations of established projects. Others are projects not currently in progress but have been discussed by the Village Board on previous occasions. Some requests are being presented for the first time through the CIP. Given that the CI P is intended to afford a comprehensive view of the Village's capital needs, it is fitting that all of these project requests be included in the proposed plan. Of the $58.1 million of project requests included in the proposed CIP, $38.8 million, or 66.7%, is for the continuation of established projects including approximately $14.9 million for street resurfacing. NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO A TTEND THIS MEETING BUT BECAUSE OF A DISABILITY NEEDS SOME ACCOMMODA TION TO PARTICIPA TE, SHOULD CONTACT THE VILLAGE MANAGER'S OFFICE A T 50 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 847/392-6000, EXTENSION 5327, TDD #847/392-6064 2 A project's inclusion in the CIP does not guarantee its funding and accomplishment. The CIP is a planning document. As such, it is subject to change. The CIP is reviewed and updated on an annual basis. The next CIP will cover the years 2009 through 2013. 2008 project requests included in the proposed CIP amount to $22.6 million, an increase of $8.7 from the first year projects in the 2007-2011 CIP. This is mainly due to the Fire Station #14, Public Works Expansion and Emergency Operations Center projects totaling $11.7 million. Of the $22.6 million proposed for 2008, $9.1 million (40.3%) is for the continuation of established projects including $3.1 million for the street program. It should be noted that approximately $3.7 million in capital projects to be paid from the Capital Improvements Fund scheduled between 2002 and 2007 have been deferred to out years due to a lack of a permanent funding source for such projects. Reserves in this Fund that support mid-level capital projects are expected to be depleted by early 2008. The proposed 2008-2012 CIP was distributed on June 8, 2007 to the Finance Commission and the Village Board. The Finance Commission held a meeting on June 27, 2007 to review the proposed document. Copies of the draft minutes from the Commission's meetings will be provided separately. Once the Committee of the Whole completes its review of the proposed 2008-2012 CIP, it will be presented to the Village Board for formal acceptance on July 17, 2007. Staff will make a presentation on the projects included in the five-year plan and will be on hand to answer questions and facilitate discussion. V. VILLAGE MANAGER'S REPORT VI. ANY OTHER BUSINESS VII. ADJOURNMENT 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. PERSONNEL 51LCS 120/2 (c) (2) - Collective negotiating matters between the public body and its employees or their representatives, or deliberations concerning salary schedules for one or more classes or employees. LAND ACQUISITION 51LCS 120/2 (c) (5) - The purchase or lease of real property for the use of the public body, including meetings held for the purpose of discussing whether a particular parcel should be acquired.