HomeMy WebLinkAbout07/09/2002 COW agendaCOMMITTEE OF THE WHOLE
AGENDA
Meeting Location:
Mt. Prospect Park District Community Center
1000 West Central Road
Meeting Date and Time:
Tuesday, July 9, 2002
7:00 p.m.
II.
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
ACCEPTANCE OF MINUTES OF COMMITTEE OF THE WHOLE MEETING OF
JUNE 11, 2002
CITIZENS TO BE HEARD
2003-2007 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 2003-2007 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 $45.2 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 $45.2 million of project requests included in the proposed CIP,
about $25 million (or 55%) is for the continuation of established projects including approximately $15.6
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 '100 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 2004 through 2008.
Special attention should be given to the projects requested for 2003. 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 2003 project request included in the final 2003-2007 CIP, the CIP should
serve as a "pre-budget" for capital items. The 2003 project requests included in the proposed CIP
amount to $15.3 million. Of this amount, $5.2 million (or 34%) is for the continuation of established
projects including $3.2 million for the Street Program.
The proposed 2003-2007 CIP was distributed on June 7, 2002 to the Finance Commission and the
Village Board. The Finance Commission held a meeting on June 27 to reviewthe 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 2003-2007 CIP, it will be presented to
the Village Board for formal acceptance on July 16, 2002.
VILLAGE MANAGER'S REPORT
ANY OTHER BUSINESS
VII. ADJOURNMENT