HomeMy WebLinkAbout07/10/2001 COW agenda COMMITTEE OF THE WHOLE
AGENDA
Meeting Location: Meeting Date and Time:
Mount Prospect Senior Center Tuesday, July 10, 2001
50 South Emerson Street 7:30 p.m.
I. CALL TO ORDER - ROLL CALL
Mayor Gerald L. Farley
Trustee Timothy Corcoran Trustee Michaele Skowron
Trustee Paul Hoefert Trustee Irvana Wilks
Trustee Richard Lohrstorfer Trustee Michael Zadel
ii. ACCEPTANCE OF MINUTES OF APRIL 24, 2001
iii. CITIZENS TO BE HEARD
IV. 2002-2006 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 2002-2006 CIP is generally comprised of projects which 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 $55.1 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 CIP 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 $55.1 million of project requests included in the proposed CIP,
about $31 million (or 56%) is for the continuation of established projects including approximately $16
million for street resurfacing.
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 A T lO0 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056,
847/392-6000, EXTENSION 5327, TDD #847/392-6064.
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 2003 through 2007.
Special attention should be given to the projects requested for 2001. Those are the projects, which
would potentially be included in the Village=s next annual operating budget. Although the Village
Board may decide not to fund a 2002 project request included in the final 2002-2006 CIP, the CIP
should serve as a ^pre-budget for capital items. The 2002 project requests included in the proposed
CIP amount to $21.7 million. Of this amount, $7.3 million (or 34%)is for the continuation of established
projects including $3 million for the Street Program.
The proposed 2002-2006 CIP was distributed on May 25, 2001 to the Finance Commission and on
June 29 to the Village Board. The Finance Commission held a meeting on June 28 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 2002-2006 CIP,
it will be presented to the Village Board for formal acceptance on July 17, 2001.
V. ANY OTHER BUSINESS
VI. MANAGER=S REPORT
VII. ADJOURNMENT
H:\GEN\Cow~genda\071001 COW CIP Agenda.doc