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Administration Packet 2012 04-19-12 CI T y $ o United City of Yorkville &, -%% 800 Game Farm Road EST. 1836 Yorkville, Illinois 60560 '- Telephone: 630-553-4350 0 — o` Fax: 630-553-7575 <�E AGENDA ADMINISTRATION COMMITTEE MEETING Thursday, April 19, 2012 6:00 p.m. City Hall Conference Room Citizen Comments: Minutes for Correction/Approval: February 16, 2012 New Business: 1. ADM 2012-15 Monthly Budget Report for February and March 2012 2. ADM 2012-16 Monthly Treasurer's Report for February and March 2012 3. ADM 2012-17 Cash Statement for January and February 2012 4. ADM 2012-19 Countryside Development a. Discussion on Countryside TIF Fund b. Status of Attracting a Developer to Countryside 5. ADM 2012-20 Fixed Asset Policy 6. ADM 2012-21 Veolia Contract Extension 7. ADM 2012-22 Resolution Authorizing the Transfer of Motor Fuel Tax Funds to a New Account with the Illinois Metropolitan Investment Fund (IMET) 8. ADM 2012-23 Fund Balance Policy 9. ADM 2012-24 Copier RFP–Vendor Selection Old Business: 1. ADM 2012-40 Employee Manual Revision Additional Business: UNITED CITY OF YORKVILLE WORKSHEET ADMINISTRATION COMMITTEE Thursday, April 19, 2012 6:00 PM City Hall Conference Room --------------------------------------------------------------------------------------------------------------------------------------- CITIZEN COMMENTS: --------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------- MINUTES FOR CORRECTION/APPROVAL: --------------------------------------------------------------------------------------------------------------------------------------- 1. February 16, 2012 ❑ Approved ❑ As presented ❑ With corrections --------------------------------------------------------------------------------------------------------------------------------------- NEW BUSINESS: --------------------------------------------------------------------------------------------------------------------------------------- 1. ADM 2012-15 Monthly Budget Report for February and March 2012 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 2. ADM 2012-16 Monthly Treasurer's Report for February and March 2012 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 3. ADM 2012-17 Cash Statement for January and February 2012 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 4. ADM 2012-19 Countryside Development Discussion ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 5. ADM 2012-20 Fixed Asset Policy ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 6. ADM 2012-21 Veolia Contract Extension ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 7. ADM 2012-22 Resolution Authorizing the Transfer of Motor Fuel Tax Funds to a New Account with the Illinois Metropolitan Investment Fund(IMET) ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 8. ADM 2012-23 Fund Balance Policy ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 9. ADM 2012-24 Copier RFP—Vendor Selection ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- OLD BUSINESS: --------------------------------------------------------------------------------------------------------------------------------------- 1. ADM 2011-40 Employee Manual Revision ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- ADDITIONAL BUSINESS: --------------------------------------------------------------------------------------------------------------------------------------- 0 CIP Reviewed By: Agenda Item Number J� 6 Legal ❑ Minutes EST. 1&36 Finance El Engineer ❑ Tracking Number Gy City Administrator El r� 9 _© Public Works ❑ Agenda Item Summary Memo Title: Minutes of the Administration Committee—February 16, 2012 Meeting and Date: Administration Committee 4/19/12 Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Committee Approval Submitted by: Minute Taker Name Department Agenda Item Notes: DRAFT UNITED CITY OF YORKVILLE ADMINISTRATION COMMITTEE MEETING Thursday,February 16, 2012 6:00pm City Hall Conference Room COMMITTEE MEMBERS IN ATTENDANCE: Chairman Rose Spears Alderman Carlo Colosimo Alderman George Gilson Absent: Alderman Marty Munns OTHER CITY OFFICIALS IN ATTENDANCE: Bart Olson, City Administrator Bill Powell, City Treasurer Meghan Ostreko, Human Resources Manager GUESTS: Matt Seng, Fox Highlands The meeting was called to order at 6:00pm by Chairman Rose Spears. Citizen Comments: None Minutes for Correction/Approval - January 19, 2012 The minutes were approved as presented. New Business: 1. ADM 2012-08 Monthly Budget Report for January 2012 Alderman Gilson noted that many of the department Professional Services category are very high and asked Mr. Olson for input. Mr. Olson said that the high water and sewer professional services are tied to liens and he will research the others. He also added that the City"bundled"4-5 line items into Professional Services. He said that the department heads are aware they need to underspend on other categories. Mr. Olson pointed out that $201,000 in sales taxes shown for January resulted from October consumer sales. He said he had projected the taxes to be higher, however, he said that is the time period the City learned Pro Build would be closing. The City is budgeting for a $175,000 loss for next year based on what Pro Building had contributed in a year. 1 Discussion of budget report by page: Page 4: The overall inspection costs should decrease based on the hiring of a new employee. Page 8: Alderman Gilson noted the water operations "Publishing and Advertising"was 118% over budget with a charge of$119 in November and December. This cost was for a help wanted ad. "Repair and Maintenance" is 238% over budget due to pump repairs and Mr. Olson will determine other contributing factors. Page 10: The concessions are at 122% for revenues and expenses are at 61%with Alderman Gilson questioning why the numbers are so disproportionate. It is thought that the concessions are purchased in March and April. Profit margins are being carefully watched. Page 11: Parks repairs at $48,000 are for 6-7 trucks and mowers, since equipment is not being replaced frequently. Operating supplies are at 91% due to park maintenance. Page 12: Parks and Rec "rental/lease" expenses are at 81% and this includes the rec center rental payment. Alderman Gilson asked for a summary of the Countryside TIF. Mr. Olson replied the revenue is generated from one parcel and is held in a bank account where it accrues. There is also an existing debt service schedule, existing loan payments and legal and administrative fees. Mr. Gilson asked if the revenues will ever meet the expenditures. Administrator Olson said if development occurs prior to year 2023, the debt service could most likely be met and mostly recouped. This will be discussed next month. The Countryside property should be a focus for the Council according to Alderman Colosimo. It has also been a priority for Lynn Dubajic of YEDC. Mr. Gilson asked about the YEDC budget problems and that fact that a startup fee is still being paid to YEDC. The budget issues stem from some businesses having closed, moved or pulled their memberships at YEDC. 2. ADM 2012-09 Monthly Treasurer's Report for January 2012 Treasurer Powell reported the following: Beginning Balance: $6,172,614 Revenues for month: $1,245,087 Expenditures: $1,228,811 Ending Balance: $9,343,403 (at 72% of the budget) This report moves forward to the consent agenda. 3. ADM 2012-10 Cash Statement for December 2011 This is a month-to-month report of the City bank accounts. Castle Bank is down due to transfer of money to IMET. 4. ADM 2012-11 SSA Refinancing Alderman Gilson said he brought this item forth as a result of a Raintree citizen inquiry. The citizen informed him that 7% interest is being paid for the SSA and he suggested refinancing for a better rate. Bart said he does not have an update yet from the bond 2 underwriter. He said a buyer must be found for the loan, but he said perhaps portions of finished subdivisions could be packaged together for a better rate. He said an analysis of each subdivision needs to be done for the packaging. Notices also need to be sent to the homeowners for permission. Mr. Olson hopes further action can be taken next month. 5. ADM 2012-12 Non-home Rule Sales Tax —Business Disclosure Authorization Administrator Olson said this authorization allows certain City staff members to have access to the confidential sales tax records for local businesses. The information will be used for modeling purposes and to insure sales taxes are paid on time. This authorization must be approved by the Council, so it will move forward to the consent agenda and will require the Mayor's signature. 6 ADM 2012-13 Cell Phone Usage During Meetings Chairman Spears said 2 Council members had requested this item to be on the agenda. This is regarding the use of cell phones during Council meetings. Mr. Olson suggested drafting a policy to be part of the procedural ordinance or simply to ask persons not to use the cell phones. Alderman Colosimo said he was reluctant to codify this action and that he only had an issue if the Open Meetings Act was violated in some manner. Alderman Gilson said he favored codifying. Mr. Powell suggested language stating"city business should not be conducted during city meetings". Mr. Colosimo also suggested asking the Mayor to make an announcement that elected officials should not be using cell phones or texting during the meetings. It was decided to ask the Mayor to make an announcement. Alderman Spears also requested a large sign instructing people to turn cell phones off during the Council meetings. 7. ADM 2012-14 Copier RFP The existing lease for the copier expires at the beginning of November and the city is asking for only 6 copiers at this time. Fewer are needed because departments have been combined and more scanning is used. Advertisements will be placed and the RFP will need Council approval. This moves to the consent agenda. Old Business 1. ADM 2011-40 Employee Manual Revision —Sections 5 & 6 Ms. Ostreko said Section 5 discusses separation from the company while Section 6 pertains to personnel practices. She pointed out information on page 89, Section 5.7. where she clarified language regarding service credit if employees are laid off vs. resigning. Regarding Section 6, Alderman Colosimo asked if the City has a policy pertaining to smoking in city vehicles. Ms. Ostreko said it is not allowed and is part of State law. The definition of a City vehicle was also discussed. Alderman Colosimo questioned if it includes trucks, lawnmowers, backhoes etc. He said there should be a written policy that should include definitions of City vehicles and equipment. He also commented there is a 3 "public image"to be considered if employees are smoking while using this equipment. Mr. Olson added that he has received negative comments regarding "smoking while driving" and it is a matter of public perception. Ms. Ostreko also addressed changes regarding random drug testing for non-DOT employees. In 2007 there was a legal opinion from the labor attorney advising against random testing for non-DOT employees and she will flag it for the current attorney to review. Alderman Colosimo said it should be allowed and Alderman Gilson agreed saying private corporations conduct this testing and the City should be able to as well. Matching vacation time for Public Works union employees and non-union workers was reviewed. The Public Works schedule moves the wait time from 6 years of service to 5 years of service to reach the next vacation time level. Vacation time will be based on the years completed, determined by the date of hire. The Labor Attorney will review the manual and Ms. Ostreko would like the manual approved by May 1St for implementation. The committee thanked Ms. Ostreko for completing the numerous revisions. Additional Business: Chairman Spears asked for a follow-up report on the UPS discussion from last month. The UPS store has signed up for an account and the City is now taking City packages there for processing. There will be a cost-savings by not having UPS pickups at the City Hall. There was no further business and the meeting was adjourned at 6:55pm. Minutes transcribed by Marlys Young, Minute Taker 4 Reviewed By: Agenda Item Number 4 ' �► Legal ❑ NB #1 Finance ■ EST. -�` _ ti W36 Engineer ❑ �:--- g Tracking Number �! City Administrator ■ Consultant ❑❑ ADM 2012-15 ALE Agenda Item Summary Memo Title: Budget Report for February and March 2012 Meeting and Date: Administration Committee 4/19/12 Synopsis: February and March budget reports and income statements. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Discussion Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %ofFiacal Year 1% 17% 25°/n 33% 42% 50% 58% 67% 75% R3 Year-to-Date ANNUAL ACCOUNTNUMBER DESCRIPTION May-11 June-1 July-11 August-11 September-11 October-11 November-11 December-11 January-12 Februan-12 Totals BUDGET "/o of BudgeC GENERAL FUND REVENUES 01-000-40-00-4000 1 PROPERTY TAXES-CORPORATE LEVY 366,362 754,059 28,630 281,365 743,499 66,066 42,265 2,282,246 2,290,964 99.62% 01-000-40-00-4010 PROPERTY TAXES-POLICE PENSION 57,847 119,062 4,521 44,426 117,395 10,431 6,673 - 360,356 375,000 96.09% 01-000-40-00-4012 PROPERTY TAXES-FOX INDUSTRIAL - - - - - - - - 67,334 - 67,334 - 0.00% 01-000-40-00-4030 MUNICIPAL SALES TAX 169,093 210,574 209,931 225,649 247,713 227,536 226,355 222,449 201,136 197,871 2,138,306 2,550,000 83.86% 01-000-40-00-4040 ELECTRIC UTILITY TAX - 136,433 - - 141,597 - - 182,519 - - 460,549 591,600 77.85% 01-000-40-00-4041 NATURAL GAS UTILITY TAX - 102,673 - - 37,606 - - 29,711 26,744 - 196,734 290,700 67.68% 01-000-40-00-4043 TELECOMMUNICATIONS TAX 39,597 40,525 44,672 41,132 41,314 41,029 41,820 40,859 40,552 42,875 414,375 535,500 77.38% 01-000-40-00-4044 TELEPHONE UTILITY TAX 3,303 - 1,626 1,607 1,588 3,117 - 1,515 1,499 1,483 15,737 - 0.00% 01-000-40-00-4045 CABLE FRANCHISE FEES 56,358 - - 57,242 - - 58,018 - - 9,347 180,966 204,000 88.71 01-000-40-00-4050 HOTEL TAX 2,934 4,014 6,018 5,900 5,018 6,542 4,124 2,643 3,420 3,027 43,640 30,600 142.62% 01-000-40-00-4060 AMUSEMENT TAX 181 252 780 90,372 624 162 24,790 - 909 70 118,140 134,000 88.16% 01-000-40-00-4065 ADMISSIONS TAX - - - - - - 190,627 - - - 190,627 190,000 100.33% 01-000-40-00-4070 BUSINESS DISTRICT TAX 18,453 25,565 23,787 24,471 27,616 23,037 22,407 25,315 22,054 26,967 239,672 300,000 79.89% 01-000-40-00-4075 AUTO RENTAL TAX 687 909 800 651 772 807 930 793 829 769 7,947 7,140 111.30% 01-000-40-00-4080 PARA-MUTUEL TAX 2,733 3,793 - 1,811 4,447 1,706 1,655 1,672 1,669 1,546 21,033 15,000 140.22% 01-000-41-00-4100 STATE INCOME TAX - 142,890 193,873 156,645 101,008 - 130,850 90,021 169,172 - 984,460 1,340,000 73.47% 01-000-41-00-4105 LOCAL USE TAX 19,635 21,844 20,408 19,884 21,970 17,584 20,942 15,883 19,973 20,112 198,236 210,000 94.40% 01-000-41-00-4110 ROAD&BRIDGE TAX 28,104 54,613 2,193 22,098 52,838 4,128 2,921 - - - 166,896 164,296 101.58% 01-000-41-00-4120 PERSONAL PROPERTY REPLTAX 3,033 - 2,114 529 - 3,530 - 510 2,173 - 11,889 13,000 91.45% 01-000-41-00-4160 FEDERAL GRANTS 176 - 5,447 - 2,858 - 498 1,757 10,736 9,200 116.69% 01-000-41-00-4170 STATE GRANTS 3,876 1,650 590 390 - 6,506 - 0.00% 01-000-41-00-4182 MISC INTERGOVERNMENTAL - - - - - - 1,077 1,077 2,000 53.87% 01-000-42-00-4200 LIQUOR LICENSE 1,010 938 1,325 245 - 50 100 825 44 4,537 40,000 11.34% 01-000-42-00-4205 OTHER LICENSES&PERMITS 623 194 269 10 269 2,775 - - - 80 4,219 3,000 140.63% 01-000-42-00-4210 BUILDING PERMITS 21,392 9,173 12,816 9,503 36,108 13,637 10,025 7,276 3,087 (617) 122,400 122,400 100.00% 01-000-42-00-4220 FILING FEES - - - - - - - - - - - 250 0.00% 01-000-43-00-4310 TRAFFIC FINES 14,457 6,470 4,875 5,495 5,427 6,953 4,249 4,210 5,056 5,758 62,948 95,000 66.26% 01-000-43-00-4320 ADMINISTRATIVE ADJUDICATION 1,816 1,791 1,625 2,445 1,870 1,888 2,456 1,054 2,802 2,029 19,776 30,000 65.92% 01-000-43-00-4325 POLICE TOWS 8,000 7,500 5,000 5,500 5,500 9,000 8,500 5,500 8,000 6,750 69,250 90,000 76.94 01-000-44-00-4400 GARBAGE SURCHARGE 124 203,755 98 205,203 191 205,290 119 206,170 26 205,198 1,026,175 1,175,000 87.33% 01-000-44-00-4405 COLLECTION FEE-YBSD - - - - - - - - - - - 123,932 0.00% 01-000-44-00-4474 POLICE SPECIAL DETAIL 350 - - - - - - - - 350 5,000 7.00% 01-000-44-00-4475 OFFENDER REGISTRATION FEES 105 55 160 - 0.00% 01-000-45-00-4500 INVESTMENT EARNINGS 3 89 301 310 384 553 466 752 579 533 3,971 2,000 198.56% 01-000-46-00-4601 REIMB-LEGAL EXPENSES 6,032 1,043 1,140 1,090 8,976 2,672 324 4,746 555 522 27,100 12,000 225.83% 01-000-46-00-4604 REIMB-ENGINEERING EXPENSES 5,488 - 1,513 966 - 7,967 - 0.00% 01-000-46-00-4650 REIMB-TRAFFIC SIGNAL - - - - - - 28,582 - - - 28,582 15,000 190.54% 01-000-46-00-4668 REIMB-COBRA CONTRIBUTIONS 2,362 3,934 - 2,200 2,200 3,543 2,200 1,756 1,756 19,952 20,000 99.76% 01-000-46-00-4669 REUVIB-RETIREE CONTRIBUTIONS 3,475 4,429 4,428 4,428 5,380 2,942 3,894 4,847 2,942 3,894 40,658 50,000 81.32% 01-000-46-00-4670 REIMB-EMP INS CONTRIBUTIONS 8,166 8,023 7,408 7,498 7,379 8,368 7,309 7,402 7,287 7,339 76,175 190,000 40.09% 01-000-46-00-4671 REIMB-LIFE INSURANCE 325 320 280 270 270 311 253 267 267 267 2,830 4,800 58.96% 01-000-46-00-4672 REIMB-LIBRARY INSURANCE 7,657 7,228 7,934 - 15,868 7,934 7,934 7,934 7,934 7,934 78,355 - 0.000 01-000-46-00-4680 REIMB-LIABILITY INSURANCE - 706 22,083 508 - 1,818 896 - 195 - 26,206 5,000 524.13 01-000-46-00-4681 REIMB-WORKERS COMP 18,853 - - - - - - 18,853 - 0.00% 01-000-46-00-4685 REIMB-CABLE CONSORTIUM 19,505 - - - - 19,039 - - - - 38,544 40,000 96.36% 01-000-46-00-4690 REIMB-MISCELLANEOUS 416 703 296 1,952 454 2,605 375 396 884 1,712 9,795 4,000 244.87% 01-000-48-00-4820 RENTALINCOME 1,100 545 630 655 970 545 610 655 600 760 7,070 9,000 78.56% 01-000-48-00-4845 DONATIONS 50 - - - - - - - - - 50 2,000 2.50% 01-000-48-00-4850 MISCELLANEOUS INCOME - - (13) 1,693 - 16 0 195 - 1,891 5,000 37.83% 01-000-49-00-4951 TRANSFER FROM WATER 7,655 7,655 7,655 7,655 7,655 7,655 7,655 77655 7,655 7,655 76,553 91,863 83.33% 01-000-49-00-4952 ITRANSFER FROM SEWER 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 69,204 83,045 83.33% 01-000-49-00-4972 ITRANSFER FROM LAND CASH 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 16,737 20,084 83.33% 01-000-49-00-4984 ITRANSFER FROM LIBRARY DVLP - - - - - 328,644 - - - 500 329,144 332,500 98.99% TOTAL REVENUES:GENERAL FUND 901,625 1,889 075 630,030 1,243,931 1 652 500 1,044,652 873 711 886,276 617,447 567,666 10,306,913 11.823.874 87.17 ADMINISTRATION EXPENDITURES 01-110-50-00-5001 SALARIES-MAYOR 860 925 860 825 825 860 860 825 825 825 8,490 11,000 77.18% 01-110-50-00-5002 SALARIES-LIQUOR COMM 83 83 83 83 83 83 83 83 83 83 833 1,000 83.34% 01-110-50-00-5003 SALARIES-CITY CLERK 777 742 642 742 642 642 777 742 742 742 7,187 9,000 79.85 01-110-50-00-5004 SALARIES-CITY TREASURER 500 500 400 500 500 500 500 500 500 400 4,800 6,500 73.85% 01-110-50-00-5005 SALARIES-ALDERMAN 4,175 4,200 4,145 4,000 3,900 4,280 4,145 3,800 3,800 4,000 40,445 50,320 80.38% 01-110-50-00-5010 SALARIES-ADMINISTRATION 14,330 14,537 18,100 18,100 27,149 18,099 18,099 19,567 18,099 18,114 184,195 195,000 94.46% 1 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 Nmember-11 December-11 January-12 February-12 Totals BUDGET %of Budget 01-110-50-00-5020 OVERTIME - ;1,4 113 119 - 138 660 - - - 1,030 575 179.20% 01-110-52-00-5212 RETIREMENT PLAN CONTRIBUTION 1,735 2,187 2,184 3,023 2,212 2,249 2,293 2,183 2,194 22,102 25,000 88.41% 01-110-52-00-5214 FICA CONTRIBUTION 1,434 1,690 1,692 2,324 1,710 1,750 1,780 1,668 1,677 17,171 20,106 85.40% 01-110-54-00-5412 TRAINING&CONFERENCES - 25 605 620 27 72 22 1,710 3,000 57.00% 01-110-54-00-5415 TRAVEL&LODGING - 1,565 1,565 - 0.00% 01-110-54-00-5423 PUBLIC RELATIONS - - - - 150 0.00% 01-110-54-00-5426 PUBLISHING&ADVERTISING 6 - 10 151 13 87 235 - - 502 2,000 25.11% 01-110-54-00-5430 PRINTING&DUPLICATION 292 753 - 668 326 512 371 770 569 4,260 6,750 63.11% 01-110-54-00-5440 TELECOMMUNICATIONS 596 1,052 1,062 1,195 1,306 1,174 1,186 1,179 1,209 9,960 21,200 46.98% 01-110-54-00-5451 CODIFICATION - - - - - 2,483 - 500 919 3,902 8,000 48.78% 01-110-54-00-5452 POSTAGE&SHIPPING 142 3,197 (579) 117 117 196 185 76 159 3,611 14,000 25.79% 01-110-54-00-5462 PROFESSIONAL SERVICES 2,210 2,051 1,878 1,001 2,963 105 (929) 916 1,660 11,854 11,000 107.76% 01-110-54-00-5473 KENDALL COUNTY PARATRANSIT 11,775 11,775 30,000 39.25% 01-110-54-00-5480 UTILITIES j15'4 764 657 612 814 678 1,183 986 1,703 1,919 9,315 28,000 33.27% 01-110-54-00-5485 RENTAL&LEASE PURCHASE 143 143 143 143 143 143 143 143 143 1,430 - 0.00% 01-110-54-00-5488 OFFICE CLEANING - 1,196 1,196 1,196 1,196 2,392 1,196 1,046 1,196 10,614 14,400 73.71% 01-110-54-00-5490 DUES&SUBSCRIPTIONS 6,174 230 592 95 - 1,179 - 2,600 114 12,368 16,600 74.51% 01-110-56-00-5610 OFFICE SUPPLIES 2,295 166 191 564 103 700 1,453 587 700 6,829 15,000 45.52% 01-110-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - - - - - - - 850 0.00% 01-110-56-00-5640 REPAIR&MAINTENANCE - - - - - - - 69 - 69 100 69.00% TOTAL EXPENDITURES:ADMINISTRATION 37,236 37,692 33,350 44,995 37,553 39,304 34,488 49,264 36,643 376,0N 489,55i 76.81 FINANCE EXPENDITURES 01-120-50-00-5010 SALARIES&WAGES 12,812 13,604 12,812 12,812 19,218 12,812 12,812 15,084 12,812 12,812 137,592 175,000 78.62% 01-120-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,233 1,308 1,233 1,247 1,856 1,247 1,247 1,463 1,264 1,264 13,362 17,500 76.35% 01-120-52-00-5214 FICA CONTRIBUTION 967 1,028 974 985 1,473 985 985 1,159 985 985 10,528 13,005 80.95% 01-120-54-00-5412 TRAINING&CONFERENCES - - - - - - - 195 95 185 475 2,000 23.75% 01-120-54-00-5414 AUDITING SERVICES 2,000 12,000 13,000 11,000 6,800 - - - 44,800 45,000 99.56% 01-120-54-00-5415 TRAVEL&LODGING - - - - - 70 45 91 206 1,000 20.63% 01-120-54-00-5430 PRINTING&DUPLICATING - - 500 0.00% 01-120-54-00-5440 TELECOMMUNICATIONS 45 45 45 45 45 45 45 45 45 405 600 67.50% 01-120-54-00-5452 POSTAGE&SHIPPING 107 5 112 500 22.38% 01-120-54-00-5460 DUES&SUBSCRIPTIONS 80 - 35 - - - - - 170 195 480 850 56.47% 01-120-54-00-5462 PROFESSIONAL SERVICES 1,847 1,945 56 290 78 1,138 2,598 11,359 155 3,370 22,836 42,000 54.37% 01-120-54-00-5485 RENTAL&LEASE PURCHASE 143 1,615 879 143 143 143 143 1,543 143 143 5,038 15,000 33.59% 01-120-54-00-5495 OUTSIDE REPAIR&M MNTENANC - - - - 250 - - - - - 250 1,800 13.89% 01-120-56-00-5610 OFFICE SUPPLIES 343 128 136 - 270 97 297 525 1,796 2,500 71.84% 01-120-56-00-5630 SMALL TOOLS&EQUIPMENT - - 250 0.00% 01-120-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 797 485 1,282 2,500 51.29% 01-120-56-00-5640 REPAIR&MAINTENANCE 500 0.00% TOTAL EXPENDITURES:FINANCE 17,082 19,888 18,161 27,766 36,063 27,646 25,427 31,015 16,012 20,101 239,162 320,505 74.62% COMMUNITY RELATIONS EXPENDITURES 01-130-54-00-5426 PUBLISHING&ADVERTISING 333 333 333 100.00% TOTAL EXPENDITURES:COMMUNITY RELATIONS 333 333 333 100.00 ENGINEERING EXPENDITURES 01-150-50-00-5010 SALARIES&WAGES 12,929 55,188 10,006 78,123 172,000 45.42% 01-150-50-00-5020 OVERTIME - - - - 500 0.00% 01-150-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,230 5,248 952 - - - - - - ]13 7,430 16,500 45.03% 01-150-52-00-5214 FICA CONTRIBUTION 960 4,193 765 5,918 13,236 44.71 01-150-54-00-5412 TRAINING&CONFERENCES - - - - 2,250 0.00% 01-150-54-00-5415 TRAVEL&LODGING - 3 3 400 0.80% 01-150-54-00-5430 PRINTING&DUPLICATING 38 139 109 286 1,500 19.07 01-150-54-00-5440 TELECOMMUNICATIONS 104 103 207 2,200 9.39% 01-150-54-00-5452 POSTAGE&SHIPPING 23 23 500 4.50% 01-150-54-00-5460 DUES&SUBSCRIPTIONS - - - - 1,200 0.00% 01-150-54-00-5462 PROFESSIONAL SERVICES - 508 1,098 98 - - 198 - 1,901 32,550 5.84% 01-150-54-00-5485 RENTAL&LEASE PURCHASE 137 137 137 137 137 137 137 137 137 1,365 - 0.00% 01-150-54-00-5495 OUTSIDE REPAIR&MAINTENANC - 27 - - - - - 27 1,500 1.81% 01-150-56-00-5600 WEARING APPAREL - 100 0.00% 01-150-56-00-5610 OFFICE SUPPLIES 7 7 1 1,000 0.70% 01-150-56-00-5622 ENGINEERING SUPPLIES 1,500 0.00% 2 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-ll Ortober-11 November-11 December-11 January-12 February-12 Totals BUDGET %of Budget 01-150-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - - - - - - - - 500 0.00% 01-150-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 4,550 0.00% 01-150-56-00-5640 REPAIR&MAINTENANCE 1,000 0.00% 01-150-56-00-5645 BOOKS&PUBLICATIONS 150 0.00% TOTAL EXPENDITURES:ENGINEERING 15,255 65,450 13,199 257 249 137 334 137 137 137 95,290 253,136 37.64% POLICE EXPENDITURES 01-210-50-00-5010 1 SALARIES-POLICE OFFICERS 87,672 95,900 85,295 78,245 120,451 88,252 87,352 90,619 91,379 94,073 919,238 1,250,000 73.54% 01-210-50-00-5012 SALARIES-LIEUT/SERGEANTS/CHIEF 44,835 49,174 51,592 46,735 66,038 44,215 44,847 47,283 47,230 44,988 486,937 610,000 79.83% 01-210-50-00-5013 SALARIES-POLICE CLERKS 11,204 15,227 7,747 8,715 14,557 9,468 9,411 9,922 9,423 9,300 104,973 120,000 87.48% 01-210-50-00-5014 SALARIES-CROSSING GUARD 1,110 583 - - 1,193 1,029 1,110 931 611 1,055 7,621 20,000 38.10% 01-210-50-00-5015 PART-TIME SALARIES 6,068 3,090 4,155 2,990 5,923 2,928 2,837 3,423 2,562 2,777 36,754 39,000 94.24% 01-210-50-00-5017 CADETPROGRAM 875 1,375 1,247 1,231 - - - - 1,208 63 5,999 13,500 44.43% 01-210-50-00-5020 OVERTIME 6,970 6,898 12,214 6,859 14,226 8,799 6,903 7,062 12,074 1,403 83,409 75,000 111.21% 01-210-52-00-5212 IRETIREMENT PLAN CONTRIBUTIO 1,075 1,417 624 742 1,290 1 860 860 860 871 874 9,471 15,900 59.57% 01-210-52-00-5213 EMPLOYER CONTRI-POL PEN 57,847 119,062 4,521 44,426 117,395 10,431 6,673 - - - 360,356 375,000 96.09% 01-210-52-00-5214 FICA CONTRIBUTION 11,692 12,762 11,978 10,642 16,444 11,377 11,201 11,716 12,125 11,288 121,224 170,000 71.31% 01-210-54-00-5410 TUITION REIMBURSEMENT - - - - 1,510 - - - - - 1,510 2,800 53.93% 01-210-54-00-5411 POLICE COMMISSION 563 - - 581 590 1,219 2,242 24 9,614 185 15,017 15,000 100.11% 01-210-54-00-5412 TRAINING&CONFERENCES 50 920 150 (230) 495 - 418 2,295 3,178 - 7,276 12,000 60.64% 01-210-54-00-5415 TRAVEL&LODGING 183 1,264 83 946 195 (332) 1,057 2,150 19 226 5,792 10,000 57.92% 01-210-54-00-5426 PUBLISHING&ADVERTISING - - - 1 I - - - - - - 11 200 5.60% 01-210-54-00-5430 PRINTING&DUPLICATING 87 143 120 74 111 70 761 1,437 954 3,758 4,500 83.52% 01-210-54-00-5440 TELECOMMUNICATIONS 1,757 1,748 1,927 3,077 2,892 2,908 1,856 1,874 1,915 19,954 36,500 54.67% 01-210-54-00-5452 POSTAGE&SHIPPING 11 81 26 259 (60) 47 - - 35 - 399 3,000 13.30% 01-210-54-00-5460 DUES&SUBSCRIPTIONS 90 80 (20) 210 50 - 100 25 170 360 1,065 1,350 78.89% 01-210-54-00-5462 PROFESSIONAL SERVICES 85 598 1,034 141 300 228 990 3,428 320 7,124 4,000 178.10% 01-210-54-00-5466 LEGAL SERVICES - - - - - - - - - - - 10,000 0.00% 01-210-54-00-5467 ADMIN ADJ-HEARING OFFICER 325 1,400 2,260 975 2,100 1,000 1,600 1,518 564 1,950 13,692 15,000 91.28% 01-210-54-00-5469 NEW WORLD LIVE SCAN - - - - - 8,949 - - - - 8,949 15,000 59.66% 01-210-54-00-5472 KENDALL CO.JUVE PROBATION - - 2,389 2,389 3,000 79.62% 01-210-54-00-5484 MDT-ALERTS FEE 3,330 - - - - 3,330 - - - - 6,660 6,660 100.00% 01-210-54-00-5485 RENTAL&LEASE PURCHASE 277 277 352 427 352 352 352 352 352 352 3,445 - 0.00% 01-210-54-00-5495 OUTSIDE REPAIR&MAINTENANC 1,125 2,537 2,810 2,610 8,411 2,901 928 3,851 3,300 752 29,225 51,000 57.30% 01-210-56-00-5600 WEARING APPAREL 375 - 1,290 611 725 2,795 685 8,369 1,190 208 16,248 10,000 162.48% 01-210-56-00-5610 OFFICE SUPPLIES - 91 196 245 269 422 95 359 393 2,071 4,000 51.77% 01-210-56-00-5620 OPERATING SUPPLIES 13 787 148 550 54 4 95 318 4 220 2,192 8,000 27.40% 01-210-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - 55 312 70 300 - 628 - 1,365 7,000 19.50% 01-210-56-00-5640 REPAIR&MAINTENANCE 1,554 576 875 - 1,171 - 4,175 12,250 34.08% 01-210-56-00-5669 GREAT PROGRAM - - - - - 3,000 0.00% 01-210-56-00-5670 COMMUNITY RELATIONS 45 25 70 500 14.02% 01-210-56-00-5673 NEIGHBORHOOD WATCH 1,531 0.00% 01-210-56-00-5674 CITIZENS POLICE ACADEMY - 1,839 0.00% 01-210-56-00-5678 COMPLIANCE CHECKS - - - M2178497637 - - 7 - 7 500 1.41% 01-210-56-00-5690 SUPPLIES-GRANT REIMBURSABL 69 - 3,030 - - - - 1,215 4,314 4,200 102.72% 01-210-56-00-5695 GASOLINE 7,814 7,028 6,531 6,368 5,861 5,410 5,324 6,657 58,466 85,000 68.78% 01-210-56-00-5696 AMMUNITION - - - - - - - 1,189 1,189 2,000 59.45% TOTAL EXPENDITURES:POLICE 235,690 324,292 196,183 386,292 207,365 188,466 201,000 211,348 182 740 2 352 343 3 018 230 77.94 COMMUNITY DEVELOPMENT EXPENDITURES 01-220-50-00-5010 ISALARIES&WAGES 17,750 26,622 11,148 8,690 20,292 15,444 15,078 13,960 13,479 12,924 155,387 240,000 64.74% 01-220-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,688 2,532 1,060 826 1,807 1,298 1,268 1,298 1,295 1,246 14,318 27,275 52.50% 01-220-52-00-5214 FICA CONTRIBUTION 1,279 1,958 831 643 1,523 1,155 1,127 1,041 1,007 961 11,522 17,260 66.75% 01-220-54-00-5412 TRAINING&CONFERENCES - - - - - 480 79 - 305 180 1,044 1,200 87.00% 01-220-54-00-5415 TRAVEL&LODGING 21 226 - 16 264 700 37.66% 01-220-54-00-5426 PUBLISHING&ADVERTISING - - 64 - - - - - - 64 150 42.40% 01-220-54-00-5430 PRINTING&DUPLICATING 38 60 - 109 74 115 110 39 56 600 1,500 39.99% 01-220-54-00-5440 TELECOMMUNICATIONS 109 108 112 111 187 1 150 148 148 151 1,226 1,500 81.71% 01-220-54-00-5452 IPOSTAGE&SHIPPING - - 63 - - - - - - 63 500 12.53% 01-220-54-00-5459 INSPECTIONS 680 - 7,061 6,128 7,701 1,120 1,270 1,190 910 26,060 20,000 130.30% 01-220-54-00-5460 DUES&SUBSCRIPTIONS 422 453 - - - - - 75 125 1,075 1,500 71.67% 01-220-54-00-5462 PROFESSIONAL SERVICES - - 562 94 - - 656 6,000 10.93% 01-220-54-00-5466 LEGAL SERVICES 101 44 846 101 856 635 2,583 6,400 40.36% 3 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %ofFiacal LYea 17% 25°/n 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May June-11 July-11 August-I1 September-I I October-11 November-11 December-11 January-12 February-12 Totals BUDGET %of Budget 01-220-54-00-5485 RENTAL&LEASE PURCHASE t37 137 137 137 137 137 137 137 137 1,365 - 0.007 01-220-54-00-5486 ECONOMIC DEVELOPMENT - - - - - - 45,000 - 45,000 45,000 100.00% 01-220-56-00-5610 OFFICE SUPPLIES 16 52 67 3 20 158 500 31.61% 01-220-56-00-5620 OPERATING SUPPLIES 79 29 233 242 13 258 854 3,000 28.48%01-220-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - 125 0.00% 01-220-56-00-5635 COMPUTER EQUIPMENT&SOFTWA 2,500 0.0001-220-56-00-5645 BOOKS&PUBLICATIONS - 394 50 444 500 88.88 TOTAL EXPENDITURES:COMMUNITY DEVELP 32 614 13 920 19,003T 30189 27 384 19 544 17,976 63,530 17 668 262,68 375 610 69.93 PUBLIC WORKS-STREET OPERATIONS EXPENDITURES 01-410-50-00-5010 ISALARIES&WAGES 18,990 19,377 19,377 19,377 30,015 19,377 19,377 19,377 19,377 19,377 204,017 270,000 75.56% 01410-50-00-5020 OVERTIME - - - 71 89 - 239 744 1,855 1,974 4,971 15,000 33.14% 01-410-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,806 1,843 1,843 1,849 2,863 1,843 1,865 1,913 2,047 2,058 19,930 30,000 66.43% 01410-52-00-5214 FICA CONTRIBUTION 1,408 1,438 1,438 1,443 2,251 1,438 1,457 1,493 1,578 1,589 15,532 23,500 66.10% 01-410-54-00-5412 TRAINING&CONFERENCES - - - - - - - - - - - 2,000 0.00% 01-410-54-00-5440 TELECOMMUNICATIONS 198 196 205 204 192 200 195 217 246 1,855 4,020 46.13% 01-410-54-00-5455 MOSQUITO CONTROL 6,500 - - - - - - - - 6,500 7,000 92.86% 01-410-54-00-5458 TREE&STUMP REMOVAL 400 - 2,275 300 - 1,825 1,225 - t96838 6,025 10,000 60.25% 01-410-54-00-5462 PROFESSIONAL SERVICES 84 46 20 66 20 109 - 600 1,045 1,000 104.51% 01-410-54-00-5480 UTILITIES 5,199 6,868 6,988 3,865 3,605 4,144 4,200 9,276 47,504 80,000 59.38% 01-410-54-00-5485 RENTAL&LEASE PURCHASE 33 540 33 33 33 33 182 33 33 985 1,000 98.54% 01-410-54-00-5495 OUTSIDE REPAIR&MAINTENANC 275 845 1,486 3,969 2,826 1,675 14,190 30,000 47.30% 01-410-56-00-5600 WEARING APPAREL 93 144 174 259 126 228 260 316 84 1,858 5,000 37.16% 01-410-56-00-5620 OPERATING SUPPLIES 34 1,632 1,564 949 377 766 647 22 257 6,763 9,500 71.19% 01-410-56-00-5626 HANGING BASKETS 1,832 209 - - - - - 2,041 2,000 102.06% 01-410-56-00-5630 SMALL TOOLS&EQUIPMENT (64) - - - - - 29 161 1,750 9.19% 01-410-56-00-5640 REPAIR&MAINTENANCE 2,780 1,251 2,192 3,281 945 1,342 4,473 665 18,075 36,500 49.52% 01-410-56-00-5656 PROPERTY&BUILDING MAINT 1,238 664 2,471 1,241 115 611 2,416 652 13,758 30,000 45.86% 01-410-56-00-5695 GASOLINE 2,886 1,279 2,914 4,062 2,185 1,685 3,235 1,293 23,404 33,600 69.65% 01-410-60-00-6041 SIDEWALK CONSTRUCTION - - 734 135 - - - - 869 4,000 21.73% TOTAL EXP:PUBLIC WORKS-STREET OPS 22:4 46,299 34,940 42,626 50,392 34,715 36,769 41,318 37,962 389 484 595,870 65.36 PW-HEALTH&SANITATION EXPENDITURES 01-540-54-00-5442 1 GARBAGE SERVICES 100,361 - 200,660 99,975 100,018 99,803 99,438 99,352 98,707 898,312 1,195,000 75.17% 01-540-54-00-5443 JLEAFPICKUP 600 1 - - 4,320 4,920 1 6,000 1 82.00% TOTAL EXPENDITURES:PW HEALTH&SAN 100,361 600 200,660 99,975 100,018 99,803 99,438 103,672 98,707 E 903,232 1201 000 75.21 ADMINISTRATIVE SERVICES EXPENDITURES 01-640-50-00-5092 IPOLICE SPECIAL DETAIL WAGES 350 - - - - - - - - 350 5,000 7.00% 01-640-52-00-5216 GROUP HEALTH INSURANCE 201,872 113,613 97,253 97,135 88,841 90,913 12,522 171,646 19,716 187,396 1,080,906 1,204,000 89.78% 01-640-52-00-5222 GROUP LIFE INSURANCE 1,275 1,237 1,252 1,035 1,161 1,166 1,162 1,145 1,158 1,133 11,725 26,000 45.10% 01-640-52-00-5223 DENTAL&VISION INSURANCE 15,474 9,695 7,432 8,431 7,952 7,784 839 15,310 839 14,804 88,559 114,000 77.68% 01-640-52-00-5224 EMPLOYEE ASSISTANCE - - - - - - - - - - - 150 0.00% 01-640-52-00-5230 UNEMPLOYMENT INSURANCE 12,508 - 18,762 - 18,762 - 8,584 - 25,339 83,954 60,000 139.92% 01-640-52-00-5231 LIABILITY INSURANCE 49,629 53,504 10,470 10,470 53,504 - 10,470 18,913 79,023 13,056 299,039 339,200 88.16% 01-640-54-00-5456 CORPORTATE COUNSEL - 11,046 8,493 9,889 14,193 5,708 8,150 3,544 5,491 3,613 70,125 130,000 53.94% 01-640-54-00-5461 LITIGATION COUNSEL - 65 10,719 10,750 8,255 3,809 12,890 6,528 7,566 60,581 60,000 100.97% 01-640-54-00-5462 PROFESSIONAL SERVICES 450 5,843 - 2,160 40,486 11,150 444 25 (50,668) 9,890 50,000 19.78% 01-640-54-00-5463 SPECIAL COUNSEL - 135 5,785 495 270 1,080 2,448 1,960 3,300 15,472 25,000 61.89% 01-640-54-00-5465 ENGINEERING SERVICES - - - - - 15,732 13,353 136,575 19,340 29,448 214,447 - 0.00% 01-640-54-00-5475 CABLE CONSORTIUM FEE - 19,039 19,620 - - - 19,508 - 58,167 85,000 68.43% 01-640-54-00-5479 COMMUNITY RELATIONS 440 - - - - - - - 440 - 0.00% 01-640-54-00-5481 HOTEL TAX REBATE 3,612 5,416 5,310 4,516 5,888 3,711 2,379 3,078 33,911 27,540 123.13% 01-640-54-00-5491 CITY PROPERTY TAX REBATE 1,532 - - - - 1,532 1,050 145.89% 01-640-54-00-5492 SALES TAX REBATE - 322,675 168,802 - 1,720 170,364 11,649 375 675,585 900,000 75.07% 01-640-54-00-5493 BUSINESS DISTRICT REBATE 23,787 24,471 27,616 23,037 22,407 25,315 22,054 26,967 195,654 300,000 65.22% 01-640-54-00-5494 ADMISSIONS TAX REBATE - 104,845 - - - 104,845 114,000 91.97% 01-640-54-00-5499 BAD DEBT - - - - - - - - - - - 1,250 0.00% 01-640-56-00-5625 REIMBURSEABLE REPAIRS - 2,655 255 2,910 5,000 58.19% 01-640-70-00-7799 CONTINGENCIES - - - - - - - - 52,075 52,075 64,617 80.59% 01-640-99-00-9923 ITRANSFER TO CITY WIDE CAPIT 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 104,167 125,000 83.33% 01-640-99-00-9942 TRANSFER TO DEBT SERVICE 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 86,450 103,740 83.33% 01-640-99-00-9979 TRANSFER TO PARK&RECREATION 61,059 61,059 61,059 61,059 61,059 61,059 65,059 61,059 61,059 61,059 614,592 732,710 83.88% 4 UNITED CITY OF YORKVELLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-ll October-11 November-11 December-11 3anuary-12 February-12 Totals BUDGET %of Budget 01-640-99-00-9982 TRANSFER TO LIBRARY OPS - - - - - 328,644 - - - 500 329,144 332,500 98.99% TOTAL EXPENDITURES:ADMIN SERVICES 361,328 275,608 268,125 591,593 475,870 622,480 277,70fi 653,664 269,790 398,357 4,194,520 4,805,757 87.28""/0 TOTAL FUND REVENUES 901,625 1 1,889 075 630,030 1 1,243,931 1,652 500 1,044 652 873,711 886,276 1 617,447 567,666 10,306 913 11,823,874 87.17 TOTAL FUND EXPENDITURES 698,195 902,080 582,820 1,134,222 1,124 024 1,057 297 687,353 1,079,036 1 751,715 796,320 8,813 062 11,059,992 79.68 FUND SURPLUS(DEFICIT) 203,430 986,995 47,210 109,709 1 528,476 (12,645)1 186,358 (192,760)1 134,268 228,654 1,493 851 1 763,882 FOX HILL SSA REVENUES I1-000-40-00-4011 1PROPERTY TAXES-FOX HILL SSA 599 1,272 64 576 1,126 88 60 3,786 3,786 100.00% I1-000-45-00-4500 JPNVESTMENT EARNINGS m 01 1 1 1 1 1 1 11 1 1 I 1 1 1 I ON 6 0.00% TOTAL REVENUES:FOX HILL SSA 599 1 1,273 1 64 1 577 1 1,127 1 89 1 61 1 1 1 1 0 3,792 3,786 1 100.16% FOX HILL SSA EXPENDITURES 11-111-54-00-5495 1 OUTSIDE REPAIR&MAINTENANC 6141 767 1 6141 6141 767 1 6141 307 1 0 4,295 1 3,8041 112.92% TOTAL FUND REVENUES 599 1 1,273 M 577`, 61 1 1 1 0 3,792 3,786 1 100.16 TOTAL FUND EXPENDITURES 614 4 614 307 4,295 3,804 112.92 FUND SURPLUS(DEFICIT) 599 659 =,M11. 553)1 (3001 1 1 0 C501 08A SUNFLOWER SSA REVENUES 12-000-40-00-4012 PROPERTY TAXES-SUNFLOWER SSE 1,362 1 2,284 118 1 1,391 1 1,9371 84 1 354 1 - - - 7,530 1 7,530 100.00% 12-000-45-00-4500 JINVESTMENT EARNINGS m 01 I 1 1 1 1 1 I 1 1 1 1 1 01 01 ON 7 - 0.00% TOTAL REVENUES:SUNFLOWER SSA m 1,362 1 2,284 1 1201 1,392 1 1,9381 85 1 355 1 0 1 01 ON 7,537 1 7,530 100.10 SUNFLOWER SSA EXPENDITURES 12-112-54-00-5495 1 OUTSIDE REPAIR&MAINTENANC - 1-309 650 1 1,309 1 1,3091 1,439 1 520 1 385 1 6,921 1 9,078 76.24% TOTAL FUND REVENUES 1,362 2,284 120 1,392 1,938_ 85 355 0 0 _ 0 7,537 7,530 100.10 TOTAL FUND EXPENDITURES 1,3091 650 1,3091 Y I 520 385 6,921 9,078 76.24 FUND SURPLUS DEFICIT 1,362 975 530 83 4w,'111 .165 385 0 616 (1,548)1 MOTOR FUEL TAX REVENUES 15-000-41-00-4112 IMOTORFUELTAX 34,752 34,093 31,723 36,973 36,308 32,528 36,140 38,180 35,591 V88447731'482421 355,000 98.74% 15-000-41-00-4113 NOT HIGH GROWTH - - - - - - - - 39,197 20,000 195.99% 15-000-41-00-4172 ILLINOIS JOBS NOW PROCEEDS 73,122 - 142,000 51.49% 15-000-45-00-4500 INVESTMENT EARNINGS 29 28 24 25 26 28 51 69 69 1,000 41.71% 15-000-46-00-4605 REIMB-OLD JAIL/DWTWN PARKIN - 493,000 0.00% 15-000-46-00-4690 REIMB-MISCELLANEOUS - - - - - - - - - - 0.00% TOTAL REVENUES:MOTOR FUEL TAX 34 781 34,122 31,747 110,120 36,334 32,556 36,191 38,249 74,857 1,011,000 46.67 MOTOR FUEL TAX EXPENDITURES 15-155-56-00-5618 ISALT !V28,200 - - - - - - 39,614 - 32,334 71,948 220,000 32.70% 15-155-56-00-5619 SIGNS 1,426 1,966 999 348 27 362 160 5,286 18,000 29.37% 15-155-56-00-5632 PATCHING - - - - - - - 50,000 0.00% 15-155-56-00-5633 COLD PATCH - - - 1,431 1.009 2,310 4,750 10,600 44.81% 15-155-56-00-5634 HOT PATCH 1,728 2,729 3,044 988 2,045 750 - - 11,284 13,000 86.80% 15-155-60-00-6072 DOWNTOWN PARKING LOT - 875 _ _ _ 875 55,000 1.59% 15-155-60-00-6073 GAME FARM ROAD PROJECT 4,400 6,400 19,177 7,970 1,940 68,086 150,000 45.39% 15-155-60-00-6075 RIVER ROAD BRIDGE PROJECT - 102 920 (1,022) 25,000 1 0.00% 15-155-60-00-6079 IROUTE 47 EXPANSION 2,379 1 7,859 1 36,855 1 - 47,093 1 119,400 1 39.44% TOTAL FUND REVENUES 34,781 34,122 1 31,747 1 110,1201 36,334 32,556 36,191 1 38,249 74,857 1 42,884 471,841 1,011,000 46.67% TOTAL FUND EXPENDITURES 28,200 6,128 10,555 5,010 2,861 24,051 1 18,956 1 77,748 1 1,0091 34,804 M 209,322 1 661,000 1 31.67 FUND SURPLUS DEFICIT 6,581 27,993 21,192 105,110 33,472 8,505 1 17,235 (39,499)1 73,848 1 8,080 E 262,519 1 350,000 5 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %ofFiacal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% R3 Year-to-Date I ANNUAL ACCOUNTNUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 Februar,12 Totals BUDGET %of Budget MUNICIPAL BUILDING REVENUES 16-000-42-00-4214 DEVELOPMENT FEES OSU 300 750 300 2J00 300 300 5,700 5,250 108.57% TOTAL REVENUES:MUNICIPAL BUILDING 1,050 300 750 300 2,700 300 300 5,700 5,250 108.57% TOTAL FUND REVENUES 1,0,0 300 300 2,700 300 300 TOTAL FUND EXPENDITURES _ FUND SURPLUS. DEFICIT 1,050 300 300 2,700 300 300 POLICE CAPITAL REVENUES 20-000-42-00-4214 IDEVELOPMENT FEES 1,800 300 1,500 450 5,250 450 450 10,200 10,500 97.14% 20-000-42-00-4217 WEATHER WARNING SIREN FEES - - - - - 1170 - 6,000 0.00% 20-000-43-00-4315 DUI FINES 1,127 323 261 136 18 455 155 158 93 2,846 - 0.00% 20-000-43-00-4316 ELECTRONIC CITATION FEE - 184 54 60 70 62 78 46 58 682 - 0.00% 20-000-43-00-4340 SEIZED VEHICLE PROCEEDS - - - 1,585 - 1,585 5,000 31.70%20-000-45-00-4500 INVESTMENT EARNINGS 5 4 4 4 4 4 4 7 7 49 - 0.00% 20-000-48-00-4880 SALE OF FIXED ASSETS 1,200 - - - 12,700 - - 13,900 - 0.00%TOTAL REVENUES:POLICE CAPITAL 4 132 812 1 819 650 5,341 971 14 972 211 158 29,262 21,5007 136.10 POLICE CAPITAL EXPENDITURES 20-200-54-00-5462 1PROFESSIONAT SERVICES 95 - - - - 2,350 - 2,445 1,500 163.00% 20-200-54-00-5495 JOUTSIDE REPAIR&MAINTENANC - - - - - - - - - - - 10,000 0.00% 20-200-56-00-5620 OPERATING SUPPLIES 2,500 0.00% 20-200-60-00-6060 EQUIPMENT 20,000 0.00% 20-200-60-00-6070 IVEHICLES 20,000 0.00% TOTAL FUND REVENUES E 4,132 812 1,819 650 5,341 971 14,972 211 158 195 E 29,262 21,500 136.10 TOTAL FUND EXPENDITURES E 95 2,350 2,445 54,000 4.53 FUND SURPLUS EFICIT 4,037 812 1 1,819 1 650 j 5,341 j 971 1 1 14,972 2139 1581 195 E 26,817 32 500 PUBLIC WORKS CAPITAL REVENUES 21-000-42-00-4214 IDEVELOPMENT FEES 900 3,500 1,150 12,350 1,150 1,150 - - 24,600 24,500 100.41% 21-000-44-00-4418 MOWING INCOME 3,430 2,193 713 (494) 1,790 676 (2,250) (188) 6,290 7,900 79.62% 21-000-45-00-4500 INVESTMENT EARNINGS 2 2 2 2 2 2 2 2 2 20 - 0.00% 21-000-48-00-4850 MISCELLANEOUS INCOME - - - - - - - - 0.00% 21-000-48-00-4880 SALE OF FIXED ASSETS - - - - - - - - - - 0.00% 21-000-49-00-4922 TSFR FROM PARK&REC CAPI!U5,114 292 292 292 292 292 292 292 292 292 2,917 3,500 83.33% TOTAL REVENUES:PW CAPITAL REVENUES 4,624 1 5 986 2,1,7 12,149 3 234 2119 1955 106 293 33 827 35 900 94.23 PUBLIC WORKS CAPITAL EXPENDITURES 21-211-54-00-5462 1PROFESSIONAL SERVICES 980 49 294 245 323 235 98 352 - 2,576 1,800 143.11% 21-211-54-00-5485 RENTAL&LEASE PURCHASE - 4,000 - - 4,000 4,500 88.89% 21-211-56-00-5620 OPERATING SUPPLIES - 2,000 0.00% 21-211-60-00-6060 EQUIPMENT 2,000 0.00% 21-211-60-00-6070 VEHICLES - - - - - - - 0.00% 21-211-92-00-8000 PRINCIPLE PAYMENT-PWBUILDING 4,587 2,312 2,324 2-336 2,348 2,360 2,373 2,385 2,397 2,410 25,832 28,254 91.43% 21-211-92-00-8050 INTEREST PAYMENT-PWBUILDING 9,129 4,546 4,534 4,522 4,510 4,498 4,485 4,473 4,461 4,448 49,606 54,041 91.79% TOTAL FUND REVENUES 5,114 4,624 5,986 2,157 12,149 1 3,234 2,119 1955 106 293 33,827 35,900 94.23 TOTAL FUND EXPENDITURES 13,716 7,838 6,907 7,152 11,103 1 7,181 7,093 6,956 1 7,210 6,858 M 82,013 92,595 88.57 FUND SURPLUS EFICIT 8,602 3,214 921 4,995 1,046 3,947 4,974 8,911 (7,104)1 6,565 48186 (56,695) 6 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(cash Basis) %of Fiscal Year 8% 17% 25°%n 33% 42% 50% 58% 67 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION Mav-11 June-11 July-11 August-11 September-11 October-11 November-] December-11 January-12 Pebruary-12 Totals BUDGET %of Budget PARK&RECREATION CAPITAL REVENUES 22-000-42-00-4215 1 PARKS CAPITAL FEES 250 - - 500 - - 950 - - 50 1,750 1,750 100.00% 22-000-45-00-4500 JINVES TMENT EARNINGS 8 8 8 10 37 37 35 38 38 35 254 80 317.43% 22-000-46-00-4690 REIMBURSEMNT-MISCELLANEOU - - 10,702 - 10,702 - 0.00% 22-000-48-00-4880 1 SALE OF FIXED ASSETS - 900 900 1,000 90.00% TOTAL REVENUES:PARK&RECREATION CAPITAL 258 8 8 1,410 37 10,739 985 38 38 85 13,606 2,830 480.78 PARK&RECREATION CAPITAL EXPENDITURES 22-222-60-00-6012 ICRAWFORD PARK TRAIL - - - - - - - - - - - - 0.00% 22-222-60-00-6035 RAINTREE PARK - - - - - - - - - - - 120,000 0.00% 22-222-60-00-6042 BASEBALL FIELD CONSTRUCTION - - - - - - - - - - - - 0.00% 22-222-60-00-6060 EQUIPMENT - - - - - - - 0.00% 22-222-99-00-9921 TRANSFER TO PW CAPITAL 292 292 292 292 292 292 292 292 292 292 2,917 3,500 83.33% TOTAL FUND REVENUES 258 8 8 1,410 37 10,739 985 1 38 1 38 85 13,606 2,830 1 480.78% TOTAL FUND EXPENDITURES 292 292 j 292 292 1 292 292 292 1 292 1 292 292 2,917 123,500 1 2.36% FUND SURPLUS DEFICIT 33) 284 (284) 1,118 (254) 10,447 694 254 254 206 10,689 120,670 CITY-WIDE CAPITAL REVENUES 23-000-41-00-4170 STATE GRANTS - - - - - - - - - - 231,000 0.00% 23-000-42-00-4210 BUILDING PERMITS - - - - - - - - - 1,541 1,541 17,600 8.76% 23-000-42-00-4213 ENGINEERING CAPITAL FEES 500 500 100 1,700 100 100 - 3,000 3,000 100.00% 23-000-42-00-4214 DEVELOPMENT FEES - 85 - 700 1,700 500 4,289 755 8,029 20,000 40.14% 23-000-42-00-4222 ROAD CONTRIBUTION FEE 4,000 - 6,000 - 12,000 - - 22,000 20,000 110.00% 23-000-45-00-4500 INVESTMENT EARNINGS 2 2 2 3 13 13 13 13 13 13 87 - 0.00% 23-000-46-00-4690 REIMB-MISCELLANEOUS 4,469 3,560 - 1,549 - - - 9,578 - 0.00% 23-000-49-00-4901 TRANSFER FROM GENERAL 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 0,417 10,417 104,167 125,000 83.33 TOTAL REVENUES:CITY-WIDE CAPITAL 19 388 14,064 16 919 12 769 25 829 11029 14 818 10 430 11,185 11971 148 402 416.600 1 35.62 CITY-WIDE CAPITAL EXPENDITURES 23-230-60-00-6070 1 VEHICLES - 4,000 0.00% 23-230-60-00-6092 ISAFE ROUTE TO SCHOOL PROJECT - 1 1,049 1 1,171 1 (2,073)1 9481 3,780 E 4,8741 231,000 2.11% 23-230-97-00-8000 jPRfNCIPLE PMT-CLARK PRPTY 125,000 125,000 1 125,000 1 100.00% TOTAL FUND REVENUES 19,388 14,064 16,919 1 12,769 25,829 11,029 14,818 10,430 1 11,185 11,971 148,402 1 416,600 35.62% TOTAL FUND EXPENDITURES 125 000 1,049 1 1,171 2,073 948 1 3,780 E 129,874 1 360,000 _16,08/, FUND SURPLUS EFICIT VA 14,064 1 16,919 1 12,769 1 25,8291 9,981 1 13,647 1 12,502 1 10,237 1 8,191 N 18,527 1 56,600 DEBT SERVICE REVENUES 42-000-40-00-4006 1PROPERTY TAXES-2005A BOND 51,906 106,836 4,056 39,864 105,340 9,360 5,988 - - - 323,350 324,179 99.74% 42-000-42-00-4208 IRECAPTURE FEES-WATER&SEWE 200 50 125 50 400 50 50 - - 925 - 0.00% 42-000-45-00-4500 INVESTMENT EARNINGS 0 12 39 40 50 72 62 2 2 2 281 - 0.00% 42-000-49-00-4901 TRANSFER FROM GENERAL 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 86,450 103,740 83.33% 42-000-49-00-4985 1 TRANSFER FROM FOX IND TIFF - - - - - 78,563 214 - - - 78,777 - 0.00% TOTAL REVENUES:DEBT SERVICE 60,752 115,542 12,866 48,599 114,434 96,690 14,959 8,647 8,647 8,647 489,782 427,919 114.46% DEBT SERVICE EXPENDITURES 42-420-54-00-5498 IPAYING AGENT FEES - - - 375 - - - - 37i - 749 750 99.87% 42-420-81-00-8000 PRINCIPLE PAYMENT-2004C - 95,000 - 95,000 95,000 100.00% 42-420-81-00-8050 INTEREST PAYMENT-2004C 4,370 4,370 8,740 8,740 100.00% 42-420-82-00-8000 PRINCIPLE PAYMENT-2005A - 195,000 195,000 195,000 100.00% 42420-82-00-8050 INTEREST PAYMENT-2005A - 64,589 - 64,589 129,179 129,179 100.00% TOTAL FUND REVENUES 60,752 115,542 12,866 48,599 1 114,4341 96,690 14,959 8,647 1 8,647 8,647 489,782 427,919 114.46% TOTAL FUND EXPENDITURES 68,959 375 358,959 375 428,668 428,669 100.00 FUND SURPLUS DEFICIT 60,752 46,583 12,866 48,225 1 114,4341 96,690 1 14,959 350,313 8,273 1 8,647 E 61,115 750 7 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67"i, 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION Mav-11 June-11 July-11 August-11 September-11 October-11 Nmember-11 December-11 January-12 February-12 Totals BUDGET %of Budget WATER FUND REVENUES 51-000-40-00-4007 1 PROPERTY TAXES-2007A BOND 21,434 44,117 1,675 16,461 43,499 3,865 2,473 - 133,524 133,866 99.74% 51-000-44-00-4424 WATER SALES 3,611 287,381 2,266 331,018 3,507 293,000 (4,586) 293,672 3,943 250,893 1,464,704 1,674,750 87.46% 51-000-44-00-4425 BULK WATER SALES - 950 - - - - (771) - - - 179 500 35.88% 51-000-44-00-4430 WATER METER SALES 3,405 780 2,235 875 8,550 875 1,360 18,080 25,000 72.32 51-000-44-00-4440 WATER INFASTRUCTURE FEE 305 115,440 137 115,635 587 115,871 196 116,454 103 115,958 580,686 600,000 96.78% 51-000-44-00-4450 WATER CONNECTION FEE 16,710 7,400 10,640 5,030 34,290 5,030 5,030 - - 84,130 125,000 67.30% 51-000-45-00-4500 INVESTMENT EARNINGS 4 9 19 21 35 22 21 18 21 36 205 2,000 10.27% 51-000-46-00-4690 REIMB-MISCELLANEOUS - - - - - 1,340 - 430 1,771 - 0.00% 51-000-48-00-4821 IBAD DEBT RECOVERY - - - - 3,517 - - - - - 3,517 - 0.00% 51-000-48-00-4822 IRENTAL INCOME-WATER TOWER 311 2,524 2,524 2,524 4,738 2,524 4,324 4,324 4,324 4,391 32,509 50,000 65.02% 51-000-48-00-4850 IMISCELLANEOUS INCOME - - - - 63 - - 63 - 0.00% 51-000-49-00-4952 1 TRANSFER FROM SEWER 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 69,886 83,863 83.33% TOTAL REVENUES:WATER FUND 52 768 465,589 26,486 478,553 105,711 429,579 15,035 421,887 15,380 378 266 2,389,255 2 694 979 88.66 WATER OPERATIONS EXPENSES 51-510-50-00-5010 ISALARIES&WAGES 26,985 27,920 27,335 26,064 46,015 20,542 17,556 19,932 22,337 23,356 258,041 365,000 70.70% 51-510-50-00-5020 OVERTIME - - 95 22 1,130 741 1,542 424 632 1,825 6,412 12,000 53.43% 51-510-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 2,566 2,655 2,609 2,481 4,483 2,024 1,816 1,936 2,214 21 427 25,212 37,500 67.23% 51-510-52-00-5214 FICA CONTRIBUTION 1,984 2,055 2,018 1,915 3,497 1,559 1,405 1,497 1,688 1,854 19,470 28,200 69.04% 51-510-54-00-5412 TRAINING&CONFERENCES - - - 330 - - - - - - 330 2,000 16.50% 51-510-54-00-5415 TRAVEL&LODGING - - 278 - - 278 1,600 17.36% 51-510-54-00-5426 PUBLISHING&ADVERTISING - 934 - - 119 119 1,172 1,000 117.20% 51-510-54-00-5429 WATER SAMPLES 4,236 - 33 25 - - - - - 4,294 14,000 30.67% 51-510-54-00-5430 PRINTING&DUPLICATING - - 12 3 - 8 8 31 2,500 1.23% 51-510-54-00-5440 TELECOMMUNICATIONS 1,453 1,446 1,495 1,998 1,558 1,550 1,555 1,545 1,619 14,219 24,500 58.04% 51-510-54-00-5452 POSTAGE&SHIPPING 3,226 583 2,760 269 1,695 683 287 1,986 316 11,805 22,000 53.66% 51-510-54-00-5460 DUES&SUBSCRIPTIONS 435 - - - - - 107 - - 542 1,250 43.39% 51-510-54-00-5462 PROFESSIONAL SERVICES 783 1,411 1,650 2,281 1,331 3,103 272 481 1,360 12,672 6,000 211.20% 51-510-54-00-5466 LEGAL SERVICES - - - - - - - - - - 2,000 0.00% 51-510-54-00-5480 UTILITIES 11,508 23,852 23,444 16,943 19,367 21,987 19,242 4,935 36,839 178,116 304,500 58.49% 51-510-54-00-5483 JULIE SERVICES 1,780 - - - 1,645 - - - - 3,426 3,500 97.88% 51-510-54-00-5485 RENTAL&LEASE PURCHASE 33 33 37 33 33 29 33 33 33 33 330 1,000 33.00% 51-510-54-00-5495 OUTSIDE REPAIR&MAfNTENANCI 485 181 684 16 37 238 1,208 2,665 5,514 10,000 55.14% 51-510-54-00-5499 BAD DEBT - - - - - - - - - - 6,000 0.00% 51-510-56-00-5600 WEARING APPAREL 93 255 174 259 275 228 106 448 209 174 2,222 5,000 44.44% 51-510-56-00-5620 OPERATING SUPPLIES 793 2,563 1,969 489 433 712 2,840 425 1,953 12,179 20,500 59.41% 51-510-56-00-5630 SMALL TOOLS&EQUIPMENT 64 (64) - 29 75 - 10 114 2,000 5.68% 51-510-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - 265 - - - 90 205 560 1,600 35.00% 51-510-56-00-5638 TREATMENT FACILITY SUPPLIES 20 16,563 17,190 28,518 23,630 16,675 15,706 31,220 9,274 21,323 180,120 240,000 75.05% 51-510-56-00-5640 REPAIR&MAINTENANCE 59 3,335 3 - 1,665 1,694 531 53 151 - 7,492 9,500 78.86% 51-510-56-00-5664 METERS&PARTS 1,452 465 439 2,326 5,884 1,860 2,367 151 5,653 2,181 22,777 46,000 49.52% 51-510-56-00-5695 GASOLINE - 2,886 1,278 2,914 4,062 2,239 1,685 5,824 1,293 3,866 26,047 35,700 72.96% 51-510-60-00-6079 ROUTE 47 EXPANSION - - - - - - - - - - - 96,000 0.00% 51-510-75-00-7502 GRANDE RESERVE COURT ORDER 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 229,888 275,868 83.33% 51-510-83-00-8000 PRINCIPLE PAYMENT-2007A - - - - - - - 10,000 - - 10,000 10,000 100.00% 51-510-83-00-8050 INTEREST PAYMENT-2007A - 61,933 61,933 123,866 123,866 100.00% 51-510-85-00-8000 PRINCIPLE PMT-2002 CAP APPREC 285,000 - - 285,000 285,000 100.00% 51-510-86-00-8000 PRINCIPLE PMT-2003 DEBT CERT - - - - - 0.00% 51-510-86-00-8050 INTEREST PMT-2003 DEBT CERT 16,575 16,575 33,150 33,150 100.00% 51-510-87-00-8000 PRINCIPLE PAYMENT-2006A - 70,000 70,000 70,000 100.00% 51-510-87-00-8050 INTEREST PAYMENT-2006A 44,253 44,253 88,506 88,506 100.00% 51-510-88-00-8000 1PRINCIPLE PAYMENT-2005C - 90,000 90,000 90,000 100.00% 51-510-88-00-8050 INTEREST PAYMENT-2005C 38,863 - 38,863 - 77,725 77,725 100.00% 51-510-89-00-8000 PRINCIPLE PAYMENT-IEPA 156300 - 42,534 - 43,066 85,600 85,600 100.00% 51-510-89-00-8050 INTEREST PAYMENT-IEPA 156300 - - - 19,981 - - - - - 19,449 39,430 39,430 100.00% 51-510-99-00-9901 TRANSFER TO GENERAL 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 76,553 91,863 83.33% TOTAL FUND REVENUES 52,768 465,589 26,486 478,553 105,711 429,579 15,035 421,887 15,380 378,266 2,389,255 2 694 979 88.66% TOTAL FUND EXPENSES E 353,135 268,835 112,610 189,554 144,283 104,587 101,585 448,522 84,809 195,172 M 2,003 091 2,571,858 77.88% FUND SURPLUS DEFICIT (300,367)1 196,755 1 (86,124)1 288,999 (38,572)1 324,992 (86,550)1 26,635 69,428 183,094 E 386,164 1 123,121 8 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% R3 Year-to-Date ANNUAL ACCOUNTNUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 Oetober-11 November-11 December-11 January-12 I'd bruan-12 Totals BUDGET "/o of Budget SEWER FUND REVENUES 52-000-40-00-4009 IPROPERTY TAXES-2004B BOND 41,414 85,240 3,236 31,806 84,046 7,468 4,778 257,989 258,650 99.74% 52-000-40-00-4013 PROPERTY TAXES-2005D BOND 221,914 456,751 17,342 170,429 450,354 40,018 25,601 1,382,408 1,385,950 99.74% 52-000-40-00-4014 PROPERTY TAXES-2008 BOND 17,627 36,281 1,378 13,538 35,773 3,179 2,034 - - 109,809 110,090 99.74% 52-000-44-00-4435 SEWER MAINTENANCE FEES 184 123,655 79 123,755 254 123,734 107 123,964 73 124,324 620,130 714,000 86.85% 52-000-44-00-4455 SW CONNECTION FEES-OPS 800 400 600 200 1,400 200 200 - - 3,800 5,000 76.00% 52-000-44-00-4456 SW CONNECTION FEES-CAPITAL 7,200 3,600 5,400 1,800 12,600 1,800 1,800 34,200 30,000 114.00% 52-000-44-00-4457 SW CONNECTION FEES-ROB ROY 294,000 - - - - - 278,000 572,000 600,000 95.3306 52-000-45-00-4500 INVESTMENT EARNINGS 63 1 129 1 316 1 322 365 488 1 412 1 89 86 66 0 2,336 1,800 129.77% 52-000-46-00-4690 IREIMB-MISCELLANEOUS 155 - - - 155 0.00% TOTAL REVENUES:SEWER FUND 583,357 706,056 28,351 341,850 584,793 176,886 312,931 124,053 159 124,390 E 2,982,827 3 105 490 96.05 SEWER OPERATIONS EXPENSES 52-520-50-00-5010 SALARIES&WAGES 18,877 30,792 18,877 14,258 21,387 17,710 11,042 11,042 11,043 11,042 166,072 256,000 64.87% 52-520-50-00-5020 OVERTIME 76 - - 49 - - - - - - 125 2,000 6.23% 52-520-52-00-5212 RETIREMENT PLAN CONTRIBUTION 1,802 2,928 1,795 1,361 2,034 1,684 1,050 1,050 1,064 1,064 15,834 25,000 63.34% 52-520-52-00-5214 FICA CONTRIBUTION 1,391 2,297 1,401 1,051 1,584 1,204 826 826 826 826 12,233 20,230 60.47% 52-520-54-00-5412 TRAINING&CONFERENCES - - - - - - - - - - - 500 0.00% 52-520-54-00-5415 TRAVEL&LODGING - - - - - - - - - - 500 0.00% 52-520-54-00-5440 TELECOMMUNICATIONS - 129 127 133 132 125 130 127 127 131 1,162 1,800 64.57% 52-520-54-00-5462 PROFESSIONAL SERVICES 45 237 46 604 56 144 35 2,727 153 4,049 5,000 80.98% 52-520-54-00-5480 UTILITIES 1,331 1,278 1,322 1,296 1,146 1,477 1,837 1,688 3,150 14,525 40,000 36.31% 52-520-54-00-5485 RENTAL&LEASE PURCHASE 33 33 33 33 33 33 33 33 33 33 330 1,000 33.00% 52-520-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - 243 684 - 541 52 26 313 1,859 4,000 46.47% 52-520-56-00-5600 WEARING APPAREL 93 144 174 259 126 228 270 152 244 174 1,864 2,500 74.56% 52-520-56-00-5610 OFFICE SUPPLIES 44 - - - - - 450 - 24 519 2,000 25.93 52-520-56-00-5613 LIFT STATION MAINTENANCE 702 1,000 2,241 3,153 7,227 - - - - 14,322 15,000 95.48% 52-520-56-00-5620 OPERATING SUPPLIES 425 558 806 419 154 146 122 161 359 3,149 4,500 69.97% 52-520-56-00-5630 SMALL TOOLS&EQUIPMENT 64 462 - - - (64) - - - 26 488 2,500 19.52% 52-520-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - 70 - - - - - 70 1,200 5.83% 52-520-56-00-5640 REPAIR&MAINTENANCE 119 905 1 459 232 137 60 778 523 3,214 25,000 12.85% 52-520-56-00-5695 GASOLINE 2,886 1,278 2,914 4,062 2,185 1,685 3,235 1,293 3,866 23,404 27,300 85.73% 52-520-56-00-5699 BAD DEBT - - - - - - - - - 1,500 0.00% 52-520-60-00-6079 ROUTE 47 EXPANSION - - 24,600 0.00% 52-520-75-00-7500 LENNAR-RAINTREESWR RECAP 30,996 30,996 30,996 100.00% 52-520-84-00-8000 PRINCIPLE PAYMENT-2004B - - 160,000 160,000 160,000 100.00% 52-520-84-00-8050 INTEREST PAYMENT-2004B 49,325 49,325 98,650 98,650 100.00% 52-520-90-00-8000 PRINCIPLE PAYMENT-2003IRRB - - 95,000 95,000 95,000 100.00% 52-520-90-00-8050 INTEREST PAYMENT-2003IRRB 35,071 - 35,071 70,142 70,143 100.00% 52-520-91-00-8000 PRINCIPLE PAYMENT-2004A - 170,000 170,000 170,000 100.00% 52-520-91-00-8050 INTEREST PAYMENT-2004A 12,046 12,046 24,093 24,093 100.00% 52-520-92-00-8000 PRINCIPAL 2011 REFUNDING - - - - - - - - - - - - 0.00% 52-520-92-00-8050 INTEREST 2011 REFUNDING 66,281 66,281 - 0.00 52-520-93-00-8000 PRINCIPLE PAYMENT-2005D - - - - 1,000,000 0.00% 52-520-93-00-8050 INTEREST PAYMENT-2005D 192,975 139,371 332,346 385,950 86.11 52-520-94-00-8050 INTEREST PAYMENT-2008 REF 55,045 - 39,755 - 94,800 110,090 86.11 52-520-95-00-8000 PRINCIPLE PAYMENT-IEPA 01300 - 18,155 - 18,480 36,635 36,635 100.00% 52-520-95-00-8050 INTEREST PAYMENT-IEPA 01300 1,335 - 1,010 2,345 2,344 100.06% 52-520-96-00-8000 PRINCIPLE PAYMENT-IEPA 115300 42,883 - 42,883 86,329 49.67% 52-520-96-00-8050 JINTEREST PAYMENT-IEPA 115300 - - - 10,642 - - - - - - 10,642 20,721 51.36% 52-520-99-00-9901 TRANSFER TO GENERAL 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 69,204 83,045 83.33% 52-520-99-00-9952 ITRANSFER TO WATER 6,989 6,989 6,989 6,989 1 6,989 6,989 6,989 6,989 6,989 6,989 69,886 83,863 83.33% TOTAL FUND REVENUES 583,357 706,056 28,351 341,850 584 793 176,886 312,931 124,053 159 124,390 2,982,827 3,105,490 96.0.5% TOTAL FUND EXPENSES 67,241 365 636 96,134 92,152 49,952 45,829 210,516 490,583 183,482 35 595 1,637,120 2,919 989 56.07% FUND SURPLUS DEFICIT 516,117 1 340,420 67,783 249,698 1 534,841 1 131,057 1 102,415 366,530 183,323 88,795 E 1,345,707 1 185,501 9 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(cash Basis) %of Fiscal Year 8% 17% 25°%n 33% 42% 50% 58% 67"i, 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION Mav-11 June-11 July-11 August-11 September-11 October-11 November-] December-11 January-12 Pe6ruary-12 Totals BUDGET %of Budget LAND CASH REVENUES 72-000-41-00-4170 1 STATE GRANTS 400,000 400,000 400,000 100.00% 72-000-47-00-4702 WHISPERIN G MEADOWS(K HILL) - - - 0.00% 72-000-47-00-4703 JAUTUMN CREEK 3,077 - 2,051 1,026 11,281 1 1,026 1,026 - - - 19,486 20,000 97.43% 72-000-47-00-4704 IBLACKBERRY WOODS - - - - - - 500 0.00% TOTAL REVENUES:LAND CASH 3,077 2,051 1,0261 11,281 1 1,026 1,026 400,000 419,486 420,500 99.76% LAND CASH EXPENDITURES 72-720-60-00-6032 IMOSIER HOLDING COSTS 11,000 - 11,000 11,000 100.00% 72-720-60-00-6036 RAINTREE VILLAGE 0 78,878 3,173 54,417 49,658 958 11,545 18,497 3,746 15,131 236,003 270,000 87.41% 72-720-60-00-6044 HOPKINS PARK - - - - - - - - 0.00% 72-720-60-00-6045 RIVERFRONT PARK - - - - - - - 0.00% E�E 72-720-99-00-9901 TRANSFER TO GENERAL 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 16,737 20,084 83.33% TOTAL FUND REVENUE'S 3,077 2,051 1,026 11,281 1,026 1,026 400,000 419,486 420,500 99.76% TOTAL FUND EXPENDITURES 80,552 4,847 56,091 62,331 2,632 13,219 20,170 5.419 16,805 1,674 263,740 301,084 87.60 FUND SURPLUS EFICIT 77,475 (4,847) (54,040) (61,306) 8,650 12,193 19145 (5,419) 383,195 (1,674) 155,746 119,416 PARK&RECREATION REVENUES 79-000-44-00-4402 SPECIAL EVENTS - 1,320 20 - 885 3,800 510 400 - 6,935 - 0.00% 79-000-44-00-4403 CHILD DEVELOPMENT 5,557 3,653 400 6,089 5,727 2,193 2,404 4,580 4,829 2,473 37,903 0.00% 79-000-44-00-4404 ATHLETICS AND FITNESS 18,466 12,412 29,027 7,343 2,074 29,295 3,445 2,867 2,060 12,900 119,888 - 0.00% 79-000-44-00-4440 PROGRAM FEES 26,232 3,125 3,092 495 240 1,784 7,685 180 3,342 46,174 180,000 25.65% 79-000-44-00-4441 CONCESSION REVENUE 14,297 16,042 3,906 613 1,838 - - - 36,696 30,000 122.32% 79-000-44-00-4443 HOMETOWN DAYS 4,250 350 3,660 12,242 70,352 10,107 100,960 135,000 74.79% 79-000-45-00-4500 INVESTMENT EARNINGS 12 14 10 9 7 8 15 20 21 19 135 300 45.00% 79-000-46-00-4690 REIMB-MISCELLANEOUS 2,916 70 - 350 - - - - - 3,336 - 0.00% 79-000-48-00-4820 IRENTAL IN COME 38,944 400 1,250 (300) (1,764) (590) 250 250 250 15,250 53,940 86,000 62.72% 79-000-48-00-4825 PARK RENTALS 14,374 6,681 (215) 1,026 1,500 1,477 35 - - - 24,878 - 0.00% 79-000-48-00-4846 SPONSORSHIPS/DONANTIONS 490 200 - 804 315 220 270 670 630 - 3,599 11,200 32.13% 79-000-48-00-4850 MISCELLANEOUS INCOME 18 486 1,376 180 638 40 - - - 846 3,584 500 716.70% 79-000-49-00-4901 TRANSFER FROM GENERAL 61,059 61,059 61,059 61,059 61,059 61,059 65,059 61,059 61,059 61,059 614,592 732,710 83.88% TOTAL REVENUES:PARK&RECREATION 186,615 105,812 1 103,585 89,909 142,870 109,392 1 79,673 69,846 69,029 1 95,888 0 1,052,618 1 75,710 89.53% PARKS DEPARTMENT EXPENDITURES 79-790-50-00-5010 ISALARIES&WAGES 28,371 27,641 27,664 28,899 42,348 29,096 27,789 27,749 27,699 27,699 294,956 370,000 79.72% 79-790-50-00-5015 PART-TIME SALARIES 763 4,309 4,698 4,204 2,961 - - - - - 16,934 17,000 99.61% 79-790-50-00-5020 OVERTIME - - - - - - 30 - - - 30 3,000 1.00% 79-790-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 2,698 2,629 2,631 2,763 4,042 2,781 2,660 2,653 2,685 2,685 28,225 37,730 74.81 F. 79-790-52-00-5214 FICA CONTRIBUTION 2,164 2,379 2,411 2,479 3,407 2,172 2,076 2,069 2,067 2,068 23,292 30,000 77.64% 79-790-54-00-5412 TRAINING&CONFERENCES - 100 - - - - 1,535 - 935 - 2,570 2,600 98.85% 79-790-54-00-5415 TRAVEL&LODGING - 144 - - 144 750 19.24% 79-790-54-00-5440 TELECOMMUNICATIONS 323 251 191 349 315 288 329 329 (73) 2,302 3,780 60.91% 79-790-54-00-5462 PROFESSIONAL SERVICES - 49 - 46 245 183 - - 186 709 4,500 15.76% 79-790-54-00-5466 LEGAL SERVICES - - 555 416 196 (196) - 416 185 - 1,573 4,000 39.31% 79-790-54-00-5485 RENTAL&LEASE PURCHASE 178 178 25 320 178 178 178 178 221 (1,424) 211 2,500 8.42% 79-790-56-00-5600 WEARING APPAREL - 336 317 155 155 229 320 124 581 862 3,080 4,100 75.13% 79-790-56-00-5610 OFFICE SUPPLIES 47 - - - 75 - - 171 - 293 300 97.72% 79-790-56-00-5620 OPERATING SUPPLIES 3,417 604 379 3,021 2,018 4,540 572 286 99 14,936 22,500 66.38% 79-790-56-00-5630 SMALL TOOLS&EQUIPMENT 10 34 30 183 - 240 70 566 2,250 25.16% 79-790-56-00-5635 ICOMPUTER EQUIPMENT&SOFTW - - - - - - - 500 0.00% 79-790-56-00-5640 jREPAfR&MAINTENANCE 1 11,588 6,051 11075 1,818 1,434 11,227 1,257 7,323 1,884 43,657 48,000 90.95% TOTAL EXPENDITURES:PARKS DEPT 34,174 52,947 45,267 40,914 58,520 38,378 51,152 35,348 42,723 34 056 433,480 553 510 78.31% RECREATION DEPARTMENT EXPENDITURES 79-795-50-00-5010 1 SALARIES&WAGES 14,458 16,152 H2,1151,004 2 22,037 14,692 15,442 14,692 14,692 14,692 156,238 190,000 82.23% 79-795-50-00-5015 PART-TIME SALARIES 1,406 637 0 1,745 1,385 1,703 1,649 949 1,275 13,880 25,000 55.52% 79-795-50-00-5020 OVERTIME - - - - - - - - - 300 0.00% 79-795-50-00-5045 CONCESSION WAGES 2,868 3,059 2,217 - - - - - 10,665 12,500 85.32% 79-795-50-00-5046 PRE-SCHOOL WAGES 3,410 1,557 10 3,033 1,795 1,970 1,930 1,690 1,890 17,298 25,000 69.19% 79-795-50-00-5052 INSTRUCTORS WAGES 1,195 2,182 4 1,498 1,611 1,618 482 511 1,082 13,297 25,000 53.19% 79-795-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,768 1,939 7 2,581 1,702 1,827 1,728 1,675 1,732 18,211 22,000 82.78%79-795-52-00-5214 FICA CONTRIBUTION 1,763 1,794 2 2,255 1,427 1,523 1 1,371 1,286 1,370 15,594 20,000 77.97% 10 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-ll October-11 November-11 December-11 January-12 February-12 Totals BUDGET %of Budget 79-795-54-00-5412 TRAINING&CONFERENCES - - - - 150 - - - 220 - 370 2,000 18.50% 79-795-54-00-5415 TRAVEL&LODGING - - 10 10 1,000 1.00% 79-795-54-00-5426 PUBLISHING&ADVERTISING - - 8,289 - - - 8,304 - 192 16,786 27,000 62.17% 79-795-54-00-5440 TELECOMMUNICATIONS 253 251 224 268 (133) 163 227 249 655 2,157 4,300 50.17% 79-795-54-00-5447 SCHOLARSHIPS - - - - - - - - 143 143 1,000 14.307/. 79-795-54-00-5452 POSTAGE&SHIPPING - - 177 800 - 147 800 - 257 - 2,181 8,000 27.27% 79-795-54-00-5462 PROFESSIONAL SERVICES 2,278 5,479 18,245 6,521 3,995 4,827 4,947 4,005 4,669 6,757 61,721 47,000 131.32% 79-795-54-00-5480 UTILITIES - 1,811 1,014 965 749 338 752 614 - 1,419 7,663 22,000 34.83% 79-795-54-00-5485 RENTAL&LEASE PURCHASE - 25 - - 20 25 - - 1,663 1,733 4,500 38.51 79-795-54-00-5490 DUES&SUBSCRIPTIONS - - - 162 1,100 - 1,262 1,500 84.13% 79-795-54-00-5495 OUTSIDE REPAIR&MAINTENANC 106 - - - 106 1,000 10.57% 79-795-54-00-5496 PROGRAM REFUNDS 480 1,005 1,452 1,480 1,156 329 288 203 751 950 8,094 7,000 115.62% 79-795-56-00-5602 HOMETOWN DAYS SUPPLIES 1,629 - 34,015 19,098 23,528 6,612 - 100 - - 84,982 100,000 84.98% 79-795-56-00-5606 PROGRAM SUPPLIES 2,500 2,797 2,359 851 3,350 624 3,857 5,542 96 7,856 29,831 55,000 54.24% 79-795-56-00-5607 CONCESSION SUPPLIES 1,561 4,882 4,832 215 - 35 - - 350 11,875 18,000 65.97% 79-795-56-00-5610 OFFICE SUPPLIES 120 70 - 158 63 33 427 116 - 988 3,000 32.93% 79-795-56-00-5620 OPERATING SUPPLIES 966 1,121 244 969 438 400 747 80 80 111 5,156 5,500 93.74% 79-795-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - - - - - - 2,000 0.00% 79-795-56-00-5635 COMPUTER EQUIPMENT'&SOFTWARE - - 1,446 - - 1,446 500 289.20% 79-795-56-00-5640 REPAIR&MAINTENANCE 34 (34) 179 111 399 19 139 847 2,000 42.33 79-795-56-00-5645 BOOKS&PUBLICATIONS - - - - - 100 0.00 79-795-56-00-5690 SUPPLIES-GRANT REIMBURSABL 500 79-795-56-00-5695 IGASOLINE - 44 1 81 84 72 340 135 1 31 31 818 3,000 27.28 TOTAL EXPENDITURES:RECREATION DEPT 36,403 44,816 87,084 59,580 69,313 1 37,739 36,249 1 41,576 28,275 1 42 316 483 350 635,700 76.03 TOTAL FUND REVENUES 186,615 1 105,812 103,585 89,909 142,870 1 109,392 79,673 69,846 69,029 95,888 1,052 618 1,175710 89.53 TOTAL FUND EXPENDITURES 70,577 1 97,763 132,351 100,494 127,833 1 76,117 87,401 76,924 70,998 76,373 M 916,830 1,189,210 77.10 FUND SURPLUS(DEFICIT) 116,039 1 8,049 (28,767)1 (10,585A 15,038 1 33,275 (7 2729)1 (7,078A 7,969) 19,515 E 135,788 13 500 RECREATION CENTER REVENUES 80-000-44-00-4440 1PROGRAM FEES 7,814 4,553 2,680 9,804 7,313 6,771 13,391 7,895 9,507 9,900 79,627 125,000 63.70% 80-000-44-00-4441 CONCESSION REVENUE 975 900 813 868 704 602 643 855 1,057 1,128 8,543 12,500 68.34% 80-000-44-00-4444 MEMBERSHIP FEES 42,167 41,211 36,594 36,534 36,527 35,059 37,103 41,121 45,357 38,722 390,395 410,000 95.22% 80-000-44-00-4445 GUEST FEES 580 723 776 518 598 601 696 771 789 931 6,983 3,500 199.51 80-000-44-00-4446 SWIM CLASS FEES 5,577 6,106 2,744 2,472 1,136 874 1,164 1,585 2,417 2,604 26,678 35,000 76.22% 80-000-44-00-4447 PERSONAL TRAINING FEES 336 816 308 1,044 - 36 52 257 1,439 - 4,288 15,000 28.59% 80-000-44-00-4448 TANNING SESSION FEES 575 129 160 108 115 70 123 198 253 190 1,921 2,500 76.829'. 80-000-48-00-4820 RENTAL WCOME 6 1 31 1 299 174 1 1,118 1 2,049 1 1,106 919 2,396 1 3,522 11,619 1 5,000 232.37% 80-000-48-00-4845 IDONATIONS 0 230 295 1 - 1 135 100 1 - 760 1 2,000 38.00% 80-000-48-00-4850 MISCELLANEOUS INCOME 37 32 5 17 6 22 1 5 37 4 164 500 32.70% TOTAL REVENUES:RECREATION CTR REVENUES E 58,296 1 54,501 1 44,378 1 51,834 1 47,517 1 54,413 53,706 63,251 57,000 530,978 611000 86.90 RECREATION CENTER EXPENSES 80-800-50-00-5010 ISALARIES&WAGES 2,631 4,509 2,000 2,000 3,000 2,000 2,000 2,000 2,000 2,000 24,140 34,200 70.58% 80-800-50-00-5015 PART-TIME SALARIES 7,934 8,337 6,533 6,872 10,009 6,037 6,688 6,502 6,611 6,410 71,932 98,000 73.40% 80-800-50-00-5020 OVERTIME - - - - - - - - - 500 0.00% 80-800-50-00-5046 PRE-SCHOOL WAGES 4,092 105 86 148 4,710 3,335 3,271 3,120 2,456 3,385 24,707 35,000 70.59% 80-800-50-00-5052 INSTRUCTORS WAGES 3,555 4,350 4,488 5,394 6,351 2,940 4,680 2,786 4,175 4,217 42,935 65,000 66.05% 80-800-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,043 956 562 504 1,038 737 856 798 703 922 8,119 10,000 81.19% 80-800-52-00-5214 FICA CONTRIBUTION 1,382 1,318 1,003 1,107 1,849 1,103 1,281 1,110 1,174 1,233 12,559 17,708 70.92% 80-800-54-00-5415 TRAVEL&LODGING - - - - - - 200 0.00% 80-800-54-00-5426 PUBLISHING&ADVERTISING - - - 192 192 1,500 12.80% 80-800-54-00-5440 TELECOMMUNICATIONS 394 358 363 369 (230) 242 288 298 279 2,360 3,600 65.55% 80-800-54-00-5447 SCHOLARSHIPS - - - - - - - 900 0.00% 80-800-54-00-5452 POSTAGE&SHIPPING 600 0.00% 80-800-54-00-5462 PROFESSIONAL SERVICES 853 3,090 1,553 1,064 868 922 1,556 807 841 878 12,432 17,700 70.24% 80-800-54-00-5480 UTILITIES - 3,746 3,657 5,388 4,135 123 6,220 736 3,606 8,499 36,110 49,000 73.69% 80-800-54-00-5485 RENTAL&LEASE PURCHASE 36,198 18,198 19,050 18,698 18,764 18,581 18,765 18,698 18,741 18,798 204,493 226,500 90.28% 80-800-54-00-5490 IDLES&SUBSCRIPTIONS - - - 114 - - - - - - 114 200 57.20% 80-800-54-00-5495 JOUTSfDE REPAIR&MAINTENANC - - 361 447 - - 527 315 35,096 36,746 21,200 173.33% 80-800-54-00-5496 PROGRAMREFUNDS 318 664 434 693 133 333 436 450 305 338 4,103 5,500 74.60% 80-800-54-00-5497 PROPERTY TAX PAYMENT 30,751 - 30,751 - 61,503 53,680 114.57% 80-800-56-00-5606 1PROGRAM SUPPLIES 37 611 1,307 307 935 826 3,976 260 779 781 9,818 17,000 57.76% 11 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-I1 September-11 October-11 November-11 December-11 January-12 February-12 Totals BUDGET %of Budget 80-800-56-00-5607 CONCESSION SUPPLIES - 889 468 879 238 251 534 319 281 1,140 4,998 6,300 79.34% 80-800-56-00-5610 OFFICE SUPPLIES - 37 46 158 - 75 427 116 - 33 892 2,600 34.29% 80-800-56-00-5620 OPERATING SUPPLIES 287 270 957 296 291 990 519 582 1,296 670 6,158 6,200 99.33% 80-800-56-00-5630 SMALL TOOLS&EQUIPMENT - 6,300 50 80-800-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - 1,000 - - 1,000 1,000 100.00% 80-800-56-00-5640 REPAIR&MAINTENANCE 362 701 996 422 318 119 547 1,984 5,449 11,000 49.54% 80-800-56-00-5645 BOOKS&PUBLICATIONS - - - - - - - - 50 0.00 80-800-56-00-5695 IGASOLINE 44 81 1 84 72 - I - 282 300 93.84% TOTAL FUND REVENUES 58 296 54 501 44,378 51,834 47,517 46,083 54,413 53,706 63,251 57,000 530,978 611 000 86.90% TOTAL FUND EXPENSES 89 079 47 882 74,394 1 45,514 53,184 39,339 1 51,570 1 39,100 44,126 56,853 M 571,041 691,738 82.55 FUND SURPLUS DEFICIT 30,783 6,620 (30,016)1 6,320 5,667 6,744 1 2,843 1 14,606 1 19,124 29,854 40,063 80,738 LIBRARY OPERATIONS REVENUES 82-000-40-00-4005 1PROPERTY TAXES-LIBRARY 108,080 222,457 8,329 82,993 219,338 19,487 12,461 - - 673,145 675,000 99.73% 82-000-40-00-4012 PROPERTY TAXES-FOX IND TIE - - - - - - - - 19,331 19,331 - 0.00% 82-000-41-00-4120 PERSONAL PROPERTY TAX 755 700 175 1,170 169 720 3,690 5,000 73.79% 82-000-41-00-4170 STATE GRANTS - - - - - - 17,231 - - 17,231 17,200 100.18% 82-000-42-00-4211 DEVELOPMENT FEES-BOOKS 875 - - 2,175 - 3,975 250 - - 325 7,600 8,000 95.00% 82-000-43-00-4330 LIBRARY FINES 1,397 1,377 1,053 1,310 1,052 990 980 527 1,069 995 10,749 13,000 82.69% 82-000-44-00-4401 LIBRARY SUBSCRIPTION CARDS 1,306 1,234 627 1,313 1,457 424 515 592 865 1,265 9,597 8,000 119.96% 82-000-44-00-4422 COPY FEES 320 332 347 263 328 258 171 183 321 264 2,787 3,000 92.89% 82-000-44-00-4440 PROGRAM FEES 20 23 - 20 - - 47 - - - 110 2,000 5.50% 82-000-45-00-4500 INVESTMENT EARNINGS 1 7 10 9 13 20 19 27 35 83 225 250 90.08% 82-000-48-00-4820 RENTAL INCOME 111 140 185 320 217 489 151 112 167 261 2,153 1,500 143.53% 82-000-48-00-4824 DVD RENTAL INCOME 441 601 458 560 387 434 444 348 415 420 4,507 4,000 112.68% 82-000-48-00-4832 MEMORIALS 1,000 400 - 1,120 161 1,065 - 130 411 110 4,396 - 0.00% 82-000-48-00-4850 MISCELLANEOUS INCOME 7 40 72 62 133 130 17 48 110 490 668 0.007/. 82-000-48-00-4881 SALE OF BOOKS - - - 0.00% 82-000-49-00-4901 TRANSFER FROM GENERAL 328,644 - - 500 329,144 332,500 0.00% TOTAL REVENUES:LIBRARY 113,557 227,366 11,780 90,321 223,086 357,086 15,055 19,366 23,442 4,273 1,085,333 1 069 450 101.49 01 LIBRARY OPERATIONS EXPENDITURES 82-820-50-00-5010 SALARIES&WAGES 18,661 19,302 18,707 18,707 28,060 18,707 18,707 18,707 18,707 18,707 196,970 241,000 81.73% 82-820-50-00-5015 PART-TIME SALARIES 16,163 14,802 14,474 15,031 21,905 14,819 14,414 13,869 12,786 14,420 152,683 193,000 79.11% 82-820-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,775 1,836 1,779 1,779 2,669 1,779 1,779 1,779 1,803 1,803 18,780 22,500 83.47% 82-820-52-00-5214 FICA CONTRIBUTION 2,608 2,553 2,483 2,525 3,767 2,509 2,478 2,436 2,354 2,485 26,200 40,000 65.50% 82-820-52-00-5216 GROUP HEALTH INSURANCE - 7,295 7,295 - 14,590 7,295 7,295 7,295 7,295 7,295 65,655 87,975 74.63% 82-820-52-00-5222 GROUP LIFE INSURANCE 63 63 127 63 63 63 63 63 570 1,000 37.02% 82-820-52-00-5223 DENTAL&VISION INSURANCE 575 575 1,151 575 575 575 575 575 5,179 6,950 74.52% 82-820-54-00-5412 TRAINING&CONFERENCES - - - - - - 0.00% 82-820-54-00-5415 TRAVEL&LODGING 77 77 500 15.30% 82-820-54-00-5423 PUBLIC RELATIONS - 0.00% 82-820-54-00-5426 PUBLISHING&ADVERTISING - - - - - - - 100 0.00% 82-820-54-00-5440 TELECOMMUNICATIONS 694 705 699 700 702 709 724 724 16,7312 6,387 8,500 75.14% 82-820-54-00-5452 POSTAGE&SHIPPING - - - - - - 27 225 2,000 11.25% 82-820-54-00-5460 DUES&SUBSCRIPTIONS - - (234) 195 - 2,286 4,010 995 7,447 14,000 53.19% 82-820-54-00-5462 PROFESSIONAL SERVICES 1,746 1,960 2,444 2,820 1,638 1,349 2,922 1,484 23,076 29,000 79.57% 82-820-54-00-5466 LEGAL SERVICES - - - - - - - - - - 2,000 0.00% 82-820-54-00-5468 AUTOMATION 7 4,247 214 7 3,393 16,956 3,385 28,210 30,000 94.03% 82-820-54-00-5480 UTILITIES 582 276 283 236 614 540 1,086 1,364 4,981 15,000 33.21% 82-820-54-00-5485 RENTAL&LEASE PURCHASE - - - - - - - - - 0.00% 82-820-54-00-5495 OUTSIDE REPAIR&MAINTENANC - 139 1,594 444 - 1,394 192 3,764 4,000 94.09% 82-820-56-00-5610 OFFICE SUPPLIES 1.053 - 433 644 674 191 174 440 3,609 8,000 45.12% 82-820-56-00-5620 OPERATING SUPPLIES 631 579 248 469 238 706 308 - 3,179 9,000 35.32% 82-820-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - - - - - - - - - 0.00% 82-820-56-00-5640 REPAIR&MAINTENANCE - - 0.00% 82-820-56-00-5671 LIBRARY PROGRAMMING 162 8 9 45 225 2,000 11.23% 82-820-56-00-5676 EMPLOYEE RECOGNITION - - 0.00% 82-820-56-00-5680 ADULTBOOKS 0.00% 82-820-56-00-5681 JUVENILE BOOKS 0.00% 82-820-56-00-5682 REFERENCE BOOKS 12 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 Totals BUDGET %of Budget 82-820-56-00-5683 AUDIO BOOKS 0.007 82-820-56-00-5684 COMPACT DISCS&OTHER MUSIC 0.00% 82-820-56-00-5685 DVD'S - - - 115 - - 354 469 2,000 23.44% 82-820-56-00-5686 BOOKS-DEVELOPMENT FEES 143 - 905 807 473 157 95 425 3,005 8,000 37.56% 82-820-56-00-5698 MEMORIALS&GIFTS 453 485 154 374 881 400 244 242 3,234 - 0.00% 82-820-56-00-5699 MISCELLANEOUS 38 - - 38 250 15.29% 82-820-70-00-7799 CONTINGENCIES - 30 94 124 1,000 12.35% 82-820-99-00-9984 TRANSFER TO LIBRARY DVLP - - - 332,519 - - 332,519 332,500 100.01 TOTAL FUND REVENUES E 113,557 1 227,366 11,780 90,321 223,086 357,086 15,055 19,366 1 23,442 4,273 1,085,333 1 1,069,450 101.49 TOTAL FUND EXPENDITURES M 39,207 1 50,713 49,851 378,509 78,445 52,219 56,487 54,402 1 67,044 59,728 M 886,603 1 1,060,275 83.62 FUND SURPLUS EFICIT 74,351 1 176,654 (38,0701 288,187 144,641 1 304,867 41,432)1 (35,0301 f43,60 1 55,455 198,730 1 9,175 LIBRARY DEBT SERVICE REVENUES 83-000-40-00-4015 1PROPERTYTAXES 115,416 1 237,557 1 8,894 1 88,627 1 234,227 1 20,810 1 13,307 1 - 718,839 1 720,800 1 99.73% 83-000-45-00-4500 JINVESTMENTEARNfNGS 8 1 6 1 81 13 1 25 1 40 1 32 1 7 140 1 - 0.00% TOTAL REVENUES:LIBRARY DEBT SERVICE 115,416 237,565 8,900 88,635 234,240 20,836 13,347 32 7 718,978 720,800 99.73 LIBRARY DEBT SERVICE EXPENDITURES 83-830-83-00-8000 PRINCIPLE PAYMENT-2005B - - - - - - - 175,000 175,000 175,000 100.00% 83-830-83-00-8050 INTEREST PAYMENT-2005B 158,063 158,063 316,125 316,125 100.00% 83-830-84-00-8000 PRINCIPLE PAYMENT-2006 - - - 175,000 175,000 175,000 100.00% 83-830-84-00-8050 INTEREST PAYMENT-2006 - 27,338 - TOTAL FUND REVENUES 115,416 237,565 8,900 88,635 234,240 20,836 13,347 32 7 718,978 720,800 99.75 TOTAL FUND EXPENDITURES 185,400 535,400 720,800 720,800 100.00 FUND SURPLUS(DEFICIT) 115,416 52,165 8,900 88,635 234,240 20,836 13,347 1 (535,368) 7 (1,822) - LIBRARY CAPITAL REVENUES 84-000-42-00-4212 ID EVELOPMENTFEES 875 - - 2,175 - 3,975 250 325 7,600 8,000 95.00% 84-000-45-00-4500 JINVESTMENT EARNINGS 13 12 13 14 14 4 - - 71 500 14.13% 84-000-49-00-4982 ITRANSFER FROM LIBRARY OPS - - 332,519 - - - 332,519 332,500 100.01% TOTAL REVENUES:LIBRARY CAPITAL 888 12 13 334,708 14 3,979 250 325 340,189 341,000 209.13 LIBRARY CAPITAL EXPENDITURES 84-840-60-00-6020 IBUILDINGS AND STRUCTURES 3,130 7,835 1 - 10,965 1 4,000 274.13% 84-840-99-00-9901 1 TRANSFER TO GENERAL - 328,644 500 329,144 1 332,500 98.99% TOTAL FUND REVENUES 888 1 12 13 334,708 14 1 3,979 325 340,189 341,000 99.76% TOTAL FUND EXPENDITURES 3,1301 7,835 1 328,644 500 340,109 336 500 101.07 FUND SURPLUS(DEFICIT) m 888 (3,118)1 13 1 334,708 1 (7,821) (324,665) (175) 80 4,500 FOX INDUSTRIAL TIF REVENUES 85-000-40-00-4085 1PROPERTY TAXES-FOX IND 0 22,1141 111,3271 6,311 1 9,005 1 103,412 1 1,045 1 5,837 1 259,052 1 - 0.00 85-000-45-00-4500 1 INVESTMENT EARNINGS m 15 1 21 1 45 1 47 1 47 1 55 1 45 1 275 1 - 0.00% TOTAL REVENUES:FOX INDUSTRIAL TIF m 22,130 1 111,3491 6,356 1 9,052 1 103,459 1 1,1001 5,882 1 259,327 1 0.00 FOX INDUSTRIAL TIF EXPENDITURES 85-850-54-00-5420 JADMINISTRATIVE FEES - 214 - 907 74 1,138 1,232 3,565 0.00% 85-850-56-00-5619 SIGNS - 6,050 11,236 (6,050) 11,236 0.00% 85-850-98-00-8000 PRINCIPLE PAYMENT-2002 - - 70,000 70,000 0.00% 85-850-98-00-8050 INTEREST PAYMENT-2002 3,391 - 3,391 6,783 0.00% 85-850-99-00-9942 TRANSFER TO DEBT SERVICE - 78,563 214 - 78,777 0.00% 85-850-99-00-9999 TIE LIQUIDATION TRANSFER - - 658,757 658,757 0.00% TOTAL FUND REVENUES m 22,130 111,349 6,356 9,052 103,459 1,100 5,882 259,327 0.00% TOTAL FUND EXPENDITURES M 3,391 1 214 907 1 74 1 85,750 1 86,074 1 652,707 1 829,116 1 0.00% FUND SURPLUS(DEFICIT) m 18,738 1 111,135 1 6,356 1 8,145 103,385 1 (84,651) (80,191) (652,707) (569,790) 13 UNITED CITY OF YORKVH,LE BUDGET REPORT FOR THE PERIOD ENDING FEBRUARY 29,2012 ACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% R3 Year-to-Date ANNUAL ACCOUNTNUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 Februan-12 Totals BUDGET "/o of BudgeC COUNTRYSIDE TIF REVENUES 87-000-40-00-4087 PROPERTYTAXES-CNTRYSDE - 4,188 1 0 - 1 0 4,188 1 6,250 1 67.02% 87-000-45-00-4500 lRqVEST7vffiNT EARNINGS 37 1 106 1 288 1 288 285 273 223 307 237 218 E 2,261 4,000 56.53% TOTAL REVENUES:COUNTRYSIDE TIF 37 106 288 288 285 4,461 223 307 237 218 6,450 10,250 123.55% COUNTRYSIDE TIF EXPENDITURES 87-870-54-00-5420 JADMfNISTRATfVE FEES 93 1 - 185 1 409 1 - 6871 1,0001 68.67% 87-870-54-00-5498 PAYING AGENT FEES 400 0.00 87-870-80-00-8000 PRINCIPLE PAYMENT-2005 175,000 175,000 175,000 100.00% 87-870-80-00-8050 INTEREST PAYMENT-2005 65,571 - - - - - 65,571 - - - 131,143 131,143 100.00% TOTAL FUND REVENUES 37 106 288 285 4,461 1 223 307 237 218 6,450 10,250 62.92 TOTAL FUND EXPENDITURES 65,571 93 185 1 240,980 306,829 307,543 99.77 FUND SURPLUS(DEFICIT) E (65,535)1 13 1 288 285 4,276 1 (240,757)1 307 1 1 237 1 1 218 E (300,379) (297,293) DOWNTOWN TIF REVENUES 88-000-40-00-4088 PROPERTY TAXES-DOWNTOWN TIM 4,450 1 38,640 1 1,232 1 923 1 19,054 1 1,688 1 1,821 1 - 67,807 1 88,550 1 76.58% 88-000-45-00-4500 lRqVESTMENT EARNINGS E 61 71 15 1 15 1 15 1 19 1 161 9 1 91 7 E 119 0.00% TOTAL REVENUES:DOWNTOWN TIF 4,455 1 38,647 1 1,2471 939 1 19,069 1 1,7071 1,8371 9 1 9 1 7 E 67,926 1 88,550 1 76.71 DOWNTOWN TIF EXPENDITURES 88-880-54-00-5420 JADMfNISTRATIVE FEES - 879 370 555 1,314 1,203 779 (4,782) - 317 1,500 21.11% 88-880-54-00-5466 IL EGAL SERVICES - - - - - - 5,097 1,967 7,063 10,000 70.63% 88-880-60-00-6000 1PROJECT COSTS - - - 10,000 0.00% 88-880-60-00-6079 IROUTE 47 EXPANSION - - - - - - - - - 515,340 0.00% TOTAL FUND REVENUES 4,455 38,647 1,2471 939 1 19,069 1,707 1 1,837 1 9 9 7 E 67,926 88,550 76.71 TOTAL FUND EXPENDITURES 879 1 370 1 0 555 1 1,3141 1,203 1 1 779 1 315 1,967 M 7,380 1 536,840 1 1.371 FUND SURPLUS EFICI 4,455 37,769 877 384 17,755 1 504 1,058 1 (3001 9 (1,960) 60,546 448 290 14 UNITED CITY OF YORKVILLE STATEMENT OF REVENUES,EXPENDITURES AND TRANSFERS For the Period Ending February 29,2012 %of February YTD YTD to FY 2012 Actual Actual Budget Budget GENERAL FUND(01) Revenues Local Taxes Property Taxes - 2,709,935 101.6% 2,665,964 Municipal Sales Tax 197,871 2,138,306 83.9% 2,550,000 Non-Home Rule Sales Tax - - 0.0% - Electric Utility Tax 460,549 77.8% 591,600 Natural Gas Tax - 196,734 67.7% 290,700 Telecommunications/Telephone Utility Tax 44,358 430,112 80.3% 535,500 Cable Franchise Fees 9,347 180,966 88.7% 204,000 Hotel Tax 3,027 43,640 142.6% 30,600 Amusement Tax 70 118,140 88.2% 134,000 Admissions Tax - 190,627 100.3% 190,000 Business District Tax 26,967 239,672 79.9% 300,000 Auto Rental Tax 769 7,947 111.3% 7,140 Para Mutuel Tax 1,546 21,033 140.2% 15,000 Total Taxes 283,957 6,737,660 89.7% 7,514,504 Intergovernmental State Income Tax - 984,460 73.5% 1,340,000 Local Use Tax 20,112 198,236 94.4% 210,000 Road&Bridge Tax - 166,896 101.6% 164,296 Personal Property Replacement Tax 1,757 11,889 91.5% 13,000 Other Intergovernmental 1,077 18,319 163.6% 11,200 Total Intergovernmental 22,946 1,379,800 79.4% 1,738,496 Licenses and Permits Liquor Licenses 44 4,537 11.3% 40,000 Building Permits (617) 122,400 100.0% 122,400 Other Licenses&Permits 80 4,219 129.8% 3,250 Total Licenses&Permits (493) 131,156 79.2% 165,650 Fines and Forfeits Traffic Fines 5,758 62,948 66.3% 95,000 Administrative Adjudication 2,029 19,776 65.9% 30,000 Police Tows 6,750 69,250 76.9% 90,000 Total Fines and Forfeits 14,537 151,975 70.7% 215,000 Charges for Services Garbage Surcharge 205,198 1,026,175 87.3% 1,175,000 Collection Fee-YBSD - - 0.0% 123,932 Other Services 55 510 10.2% 5,000 Total Charges for Services 205,253 1,026,685 78.7% 1,303,932 Investment Earnings 533 3,971 198.6% 2,000 Reimb/Miscellaneous/Other Financing Sources Reimb-Legal Expenses 522 27,100 225.8% 12,000 Reimb-Engineering Expenses - 7,967 0.0% - Reimb-Traffic Signal - 28,582 190.5% 15,000 Reimb-Health Ins Contributions 21,190 217,971 82.3% 264,800 Other Reimbursements 1,712 93,398 190.6% 49,000 Rental Income 760 7,070 78.6% 9,000 Miscellaneous Income - 1,942 27.7% 7,000 Transfers In 16,749 491,638 93.2% 527,492 Total Miscellaneous 40,933 875,667 99.0% 884,292 Total Revenues and Transfers 567,666 10,306,913 87.2% 11,823,874 15 UNITED CITY OF YORKVILLE STATEMENT OF REVENUES,EXPENDITURES AND TRANSFERS For the Period Ending February 29,2012 %of February YTD YTD to FY 2012 Actual Actual Budget Budget GENERAL FUND(01) Expenditures Administration 36,643 376.018 76.8% 489.551 Salaries 24,164 246,980 90.3% 273,395 Benefits 3,870 39,273 87.1% 45,106 Contractual Services 7,910 82,866 53.4% 155,100 Supplies 700 6,898 43.2% 15,950 Finance 20,101 239.162 74.6% 320,505 Salaries 12,812 137,592 78.6% 175,000 Benefits 2,249 23,889 78.3% 30,505 Contractual Services 4,029 74,602 68.3% 109,250 Supplies 1,010 3,078 53.5% 5,750 Community Relations - 333 100.0% 333 Salaries - 0.0% - Benefits - 0.0% - Contractual Services 333 100.0% 333 Supplies - - 0.0% - Engineering 137 95.290 37.6% 253.136 Salaries - 78,123 45.3% 172,500 Benefits - 13,348 44.9% 29,736 Contractual Services 137 3,812 9.1% 42,100 Supplies - 7 0.1% 8,800 Police 182,740 2,352,343 77.9% 3,018,230 Salaries 152,255 1,561,521 76.1% 2,052,500 Overtime 1,403 83,409 111.2% 75,000 Benefits 12,161 491,050 87.5% 560,900 Contractual Services 7,014 126,266 66.5% 190,010 Supplies 9,907 90,097 64.4% 139,820 Community Development 17,668 262,681 69.9% 375,610 Salaries 12,924 155,387 64.7% 240,000 Benefits 2,207 25,840 58.0% 44,535 Contractual Services 2,209 79,998 94.7% 84,450 Supplies 328 1,457 22.0% 6,625 PW-Street Ops&Sanitation 140,674 1,292,716 71.9% 1,796,870 Salaries 19,377 204,017 75.6% 270,000 Overtime 1,974 4,971 33.1% 15,000 Benefits 3,647 35,462 66.3% 53,500 Contractual Services 105,560 981,337 73,5% 1,336,020 Supplies 10,117 66,060 55.8% 118,350 Capital Outlay - 869 21.7% 4,000 Administrative Services 398,358 4,194,521 87.3% 4,805,757 Salaries - 350 7.0% 5,000 Benefits 241,728 1,564,183 89.7% 1,743,350 Contractual Services 23,680 1,440,651 85.1% 1,693,840 Supplies 255 2,910 58.2% 5,000 Contingencies 52,075 52,075 80.6% 64,617 Transfers Out 80,621 1,134,353 87.7% 1,293,950 Total Expenditures and Transfers 796,321 8,813,063 79.7% 11,059,992 Variance (228,655) 1,493,850 763,882 * February represents 83%of the fiscal year 16 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION SL May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-I1 January-12 February-12 March-12 Totals BUDGET %of Budget GENERAL FUND REVENUES 01-000-40-00-4000 PROPERTY TAXES-CORPORATE LEVY 366,362 754,059 28,630 281,365 743,499 66,066 42,265 2,282,246 2,290,964 99.62% 01-000-40-00-4010 PROPERTY TAXES-POLICE PENSION 57,847 119,062 4,521 44,426 117,395 10,431 6,673 - 360,356 375,000 96.09% 01-000-40-00-4012 PROPERTY TAXES-FOX INDUSTRIAL - - - - - - - - 67,334 - - 67,334 - 0.00% 01-000-40-00-4030 MUNICIPAL SALES TAX 169,093 210,574 209,931 225,649 247,713 227,536 226,355 222,449 201,136 197,871 241,599 2,379,905 2,550,000 93.33% 01-000-40-00-4040 ELECTRIC UTILITY TAX - 136,433 - - 141,597 - - 182,519 - - 131,300 591,849 591,600 100.04% 01-000-40-00-4041 NATURAL GAS UTILITY TAX - 102,673 - - 37,606 - - 29,711 26,744 - 65,454 262,188 290,700 1 90.19% 01-000-40-00-4043 TELECOMMUNICATIONS TAX 39,597 40,525 44,672 41,132 41,314 41,029 41,820 40,859 40,552 42,875 37,531 451,905 535,500 84.39% 01-000-40-00-4044 TELEPHONE UTILITY TAX 3,303 - 1,626 1,607 1,588 3,117 - 1,515 1,499 1,483 1,457 17,194 - 0.00% 01-000-40-00-4045 CABLE FRANCHISE FEES 56,358 - - 57,242 - - 58,018 - - 9,347 45,321 226,286 204,000 110.92% 01-000-40-00-4050 HOTEL TAX 2,934 4,014 6,018 5,900 5,018 6,542 4,124 2,643 3,420 3,027 3,200 46,840 30,600 153.07% 01-000-40-00-4060 AMUSEMENT TAX 181 252 780 90,372 624 162 1 24,790 - 909 70 290 118,430 134,000 88.38% 01-000-40-00-4065 ADMISSIONS TAX - - - - - - 190,627 - - - - 190,627 190,000 100.33% 01-000-40-00-4070 BUSINESS DISTRICT TAX 18,453 25,565 23,787 24,471 27,616 23,037 22,407 25,315 22,054 26,967 42,873 282,546 300,000 94.18% 01-000-40-00-4075 AUTO RENTAL TAX 687 909 800 651 772 807 930 793 829 769 891 8,837 7,140 123.77% 01-000-40-00-4080 PARA-MUTUEL TAX 2,733 3,793 - 1,811 4,447 1,706 1,655 1,672 1,669 1,546 - 21,033 15,000 140.22% 01-000-41-00-4100 STATE INCOME TAX - 142,890 193,873 156,645 101,008 - 130,850 90,021 169,172 1 - 137,624 1,122,084 1,340,000 83.74% 01-000-41-00-4105 LOCAL USE TAX 19,635 21,844 20,408 19,884 21,970 17,584 20,942 15,883 19,973 20,112 30,735 228,971 210,000 109.03% 01-000-41-00-4110 ROAD&BRIDGE TAX 28,104 54,613 2,193 22,098 52,838 4,128 2,921 - - - - 166,896 164,296 101.58% 01-000-41-00-4120 PERSONAL PROPERTY REPL TAX 3,033 - 2,114 529 - 3,530 - 510 2,173 - 607 12,496 13,000 96.13% 01-000-41-00-4160 FEDERAL GRANTS 176 - 5,447 - 2,858 - 498 1,757 987 11,722 9,200 127.42% 01-000-41-00-4170 STATE GRANTS 3,876 1,650 590 390 - - - 6,506 - 0.00% 01-000-41-00-4182 MISC INTERGOVERNMENTAL - - - - - 1,077 - 1,077 2,000 53.87% 01-000-42-00-4200 LIQUOR LICENSE 1,010 938 1,325 245 - 50 100 825 44 7,550 12,087 40,000 30.22% 01-000-42-00-4205 OTHER LICENSES&PERMITS 623 194 269 10 269 2,775 - - - 80 374 4,593 3,000 153.11% 01-000-42-00-4210 BUILDING PERMITS 21,392 9,173 12,816 9,503 36,108 13,637 10,025 7,276 3,087 (617) - 122,400 122,400 100.00% 01-000-42-00-4220 FILING FEES - - - - - - - - - - - - 250 0.00% 01-000-43-00-4310 TRAFFIC FINES 14,457 6,470 4,875 5,495 5,427 6,953 4,249 4,210 5,056 5,758 7,081 70,029 95,000 73.71% 01-000-43-00-4320 ADMINISTRATIVE ADJUDICATION 1,816 1,791 1,625 2,445 1,870 1,888 2,456 1,054 2,802 2,154 2,643 22,544 30,000 75.15% 01-000-43-00-4325 POLICE TOWS 8,000 7,500 5,000 5,500 5,500 9,000 8,500 5,500 8,000 6,750 7,500 76,750 90,000 85.28% 01-000-44-00-4400 GARBAGE SURCHARGE 124 203,755 98 205,203 191 205,290 119 206,170 26 205,198 164 1,026,338 1,175,000 87.35% 01-000-44-00-4405 COLLECTION FEE-YBSD - - - - - 123,932 0.00% 01-000-44-00-4474 POLICE SPECIAL DETAIL - 350 - - 350 5,000 7.00% 01-000-44-00-4475 OFFENDER REGISTRATION FEES 105 55 - 160 - 0.00% 01-000-45-00-4500 INVESTMENT EARNINGS 3 89 301 310 384 553 466 752 579 533 583 4,554 2,000 227.72% 01-000-46-00-4601 REIMB-LEGAL EXPENSES 6,032 1,043 1,140 1,090 8,976 2,672 324 4,746 555 522 739 27,839 12,000 232.00% 01-000-46-00-4604 REIMB-ENGINEERING EXPENSES 5,488 - 1,513 966 - 3,561 11,528 - 0.00% 01-000-46-00-4650 REIMB-TRAFFIC SIGNAL - - - - - - 28,582 - - - - 28,582 15,000 190.54% 01-000-46-00-4668 REIMB-COBRA CONTRIBUTIONS - 2,362 3,934 - 2,200 2,200 3,543 2,200 1,756 1,756 1,225 21,177 20,000 105.89% 01-000-46-00-4669 REIMB-RETIREE CONTRIBUTIONS 3,475 4,429 4,428 4,428 5,380 2,942 3,894 4,847 2,942 3,894 4,847 45,505 50,000 91.01% 01-000-46-00-4670 REIMB-EMP INS CONTRIBUTIONS 8,166 8,023 7,408 7,498 7,379 8,368 7,309 7,402 7,287 7,339 7,660 83,835 190,000 44.12% 01-000-46-00-4671 REIMB-LIFE INSURANCE 325 320 280 270 270 311 253 267 267 267 267 3,097 4,800 64.52% 01-000-46-00-4672 REIMB-LIBRARY INSURANCE 7,657 1 7,228 7,934 - 15,868 7,934 7,934 7,934 7,934 7,934 7,479 85,834 - 0.00% 01-000-46-00-4680 REIMB-LIABILITY INSURANCE - 706 22,083 508 - 1,818 896 - 195 - - 26,206 5,000 524.13% 01-000-46-00-4681 REIMB-WORKERS COMP 18,853 - - - - - - - 18,853 - 0.00% 01-000-46-00-4685 REIMB-CABLE CONSORTIUM 19,505 - - - - 19,039 - - - - - 38,544 40,000 96.36% 01-000-46-00-4690 1 REIMB-MISCELLANEOUS 416 703 1 296 1 1,952 454 1 2,605 1 375 396 884 1,712 283 10,077 4,000 251.94% 01-000-48-00-4820 1 RENTAL INCOME 1,100 545 630 655 1 970 545 6101 655 1 600 1 760 1 890 7,960 9,000 88.44% 1 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 01-000-48-00-4845 DONATIONS 50 - - - - - 50 2,000 2.50% 01-000-48-00-4850 MISCELLANEOUS INCOME - - (13) 1,693 - 16 0 - 195 - - 1,891 5,000 37.83% 01-000-49-00-4951 TRANSFER FROM WATER 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 7,655 84,208 91,863 91.67% 01-000-49-00-4952 TRANSFER FROM SEWER 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 76,125 83,045 91.67% 01-000-49-00-4972 TRANSFER FROM LAND CASH 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 18,410 20,084 91.67% 01-000-49-00-4984 1 TRANSFER FROM LIBRARY DVLP - - - - - 328,644 - - - 500 - 329,144 332,500 98.99% TOTAL REVENUES:GENERAL FUND 901,625 1 1,889,075 1 630,030 1 1,243,931 1 1,652,500 1 1,044,652 1 873,711 1 886,276 1 617,447 1 567,791 808,962 11,116,000 11,823,874 94.01% ADMINISTRATION EXPENDITURES 01-110-50-00-5001 SALARIES-MAYOR 860 925 860 825 825 860 860 825 825 825 825 9,315 11,000 84.68% 01-110-50-00-5002 SALARIES-LIQUOR COMM 83 83 83 83 83 83 83 83 83 83 83 917 1,000 91.67% 01-110-50-00-5003 SALARIES-CITY CLERK 777 742 642 742 642 642 777 742 742 742 742 7,928 9,000 88.09% 01-110-50-00-5004 SALARIES-CITY TREASURER 500 500 400 500 500 500 500 500 500 400 500 5,300 6,500 81.54% 01-110-50-00-5005 SALARIES-ALDERMAN 4,175 4,200 4,145 4,000 3,900 4,280 4,145 3,800 3,800 4,000 4,000 44,445 50,320 88.32% 01-110-50-00-5010 SALARIES-ADMINISTRATION 14,330 14,537 18,100 18,100 1 27,149 18,099 18,099 19,567 18,099 18,114 27,236 211,431 195,000 108.43% 01-110-50-00-5020 OVERTIME - - 113 119 - 138 660 - - - 110 1,140 575 198.34% 01-110-52-00-5212 RETIREMENT PLAN CONTRIBUTION 1,735 1,843 2,187 2,184 3,023 2,212 2,249 2,293 2,183 2,194 3,093 25,195 25,000 100.78% 01-110-52-00-5214 FICA CONTRIBUTION 1,434 1,446 1,690 1,692 2,324 1,710 1,750 1,780 1,668 1,677 2,354 19,525 20,106 97.11% 01-110-54-00-5412 TRAINING&CONFERENCES - 339 25 - 605 620 27 72 - 22 99 1,809 3,000 60.30% 01-110-54-00-5415 TRAVEL&LODGING - - - 1,565 - - - - 1,565 - 0.00% 01-110-54-00-5423 PUBLIC RELATIONS - - - - - - - 150 0.00% 01-110-54-00-5426 PUBLISHING&ADVERTISING 6 - 10 151 13 87 235 - - 228 730 2,000 36.52% 01-110-54-00-5430 PRINTING&DUPLICATION 292 753 - 668 326 512 371 770 569 282 4,542 6,750 67.29% 01-110-54-00-5440 TELECOMMUNICATIONS 596 1,052 1,062 1,195 1,306 1,174 1,186 1,179 1,209 1,377 11,337 21,200 53.47% 01-110-54-00-5451 CODIFICATION - - - - - 2,483 - 500 919 - 3,902 8,000 48.78% 01-110-54-00-5452 POSTAGE&SHIPPING 142 3,197 (579) 117 117 196 185 76 159 3,473 7,084 14,000 50.60% 01-110-54-00-5462 PROFESSIONAL SERVICES 2,210 2,051 1,878 1,001 2,963 105 (929) 916 1,660 433 12,287 11,000 111.70% 01-110-54-00-5473 KENDALL COUNTY PARATRANSIT - - - - - - - 11,775 - - 11,775 30,000 39.25% 01-110-54-00-5480 UTILITIES - 764 657 612 814 678 1,183 986 1,703 1,919 1,563 10,878 28,000 38.85% 01-110-54-00-5485 RENTAL&LEASE PURCHASE 143 143 143 143 143 143 143 143 1 143 143 143 1,573 - 0.00% 01-110-54-00-5488 OFFICE CLEANING - - 1,196 1,196 1,196 1,196 2,392 1,196 1,046 1,196 1,196 11,810 14,400 82.01% 01-110-54-00-5490 DUES&SUBSCRIPTIONS 1,384 6,174 230 592 95 - 1,179 - 2,600 114 - 12,368 16,600 74.51% 01-110-56-00-5610 OFFICE SUPPLIES 70 2,295 166 191 564 103 700 1,453 587 700 353 7,181 15,000 47.88% 01-110-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - - - - - - - - - 850 0.00% 01-110-56-00-5640 1 REPAIR&MAINTENANCE - - - - - - 69 - - 69 100 69.00% TOTAL EXPENDITURES:ADMINISTRATION 25,492 37,236 37,692 33,350 44,995 37,553 39,304 34,488 1 49,264 36,643 48,090 424,108 4899551 86.63% FINANCE EXPENDITURES 01-120-50-00-5010 SALARIES&WAGES 12,812 13,604 12,812 12,812 19,218 12,812 12,812 15,084 12,812 12,812 19,218 156,810 175,000 89.61% 01-120-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,233 1,308 1,233 1,247 1,856 1,247 1,247 1,463 1,264 1,264 1,882 15,243 17,500 87.10% 01-120-52-00-5214 FICA CONTRIBUTION 967 1,028 974 985 1,473 985 985 1,159 985 985 1,473 12,000 13,005 92.27% 01-120-54-00-5412 TRAINING&CONFERENCES - - - - - - - 195 95 185 30 505 2,000 25.25% 01-120-54-00-5414 AUDITING SERVICES 2,000 12,000 13,000 11,000 6,800 - - - - 44,800 45,000 99.56% 01-120-54-00-5415 TRAVEL&LODGING - - - - 70 45 91 206 1,000 1 20.63% 01-120-54-00-5430 PRINTING&DUPLICATING - - 500 0.00% 01-120-54-00-5440 TELECOMMUNICATIONS 45 45 45 45 45 45 45 45 45 45 450 600 75.00% 01-120-54-00-5452 POSTAGE&SHIPPING - 107 5 - - - 112 500 22.38% 01-120-54-00-5460 DUES&SUBSCRIPTIONS 80 - 35 - - - - 170 195 - 480 850 56.47% 01-120-54-00-5462 1PROFESSIONAL SERVICES 1,847 1,945 56 290 78 1,138 1 2,598 11,359 155 3,370 81 22,917 42,000 54.56% 2 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-I1 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 01-120-54-00-5485 RENTAL&LEASE PURCHASE 143 l,(>15 879 143 143 143 143 1,543 143 143 143 5,181 15,000 34.54% 01-120-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - - 250 - - - - 250 1,800 13.89% 01-120-56-00-5610 OFFICE SUPPLIES 343 128 136 - 270 97 297 525 9 1,805 2,500 72.21% 01-120-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - - - - - 250 0.00% 01-120-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 797 485 1,282 2,500 51.29% 01-120-56-00-5640 IREPAIR&MAINTENANCE - I - 500 1 0.00% TOTAL EXPENDITURES:FINANCE 1 17,082 19,888 18,161 27,766 36,063 27,646 25,427 31,015 16,012 20,101 22,880 262,042 320,505 1 81.76% COMMUNITY RELATIONS EXPENDITURES 01-130-54-00-5426 1PUBLISHING&ADVERTISING - 333 333 333 1 100.00% TOTAL EXPENDITURES:COMMUNITY RELATIONS - 333 - - - - 333 333 100.000/0 ENGINEERING EXPENDITURES 01-150-50-00-5010 SALARIES&WAGES 12,929 55,188 10,006 78,123 172,000 45.42% 01-150-50-00-5020 OVERTIME - - - - 500 0.00% 01-150-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,230 5,248 952 7,430 16,500 45.03% 01-150-52-00-5214 FICA CONTRIBUTION 960 4,193 765 5,918 13,236 44.71% 01-150-54-00-5412 TRAINING&CONFERENCES - - - - 2,250 0.00% 01-150-54-00-5415 TRAVEL&LODGING - - 3 3 400 0.80% 01-150-54-00-5430 PRINTING&DUPLICATING 38 139 109 286 1,500 19.07% 01-150-54-00-5440 TELECOMMUNICATIONS 104 103 - 207 2,200 9.39% 01-150-54-00-5452 POSTAGE&SHIPPING - - 23 23 500 4.50% 01-150-54-00-5460 DUES&SUBSCRIPTIONS - - - - - - 1,200 0.00% 01-150-54-00-5462 PROFESSIONAL SERVICES - 508 1,098 98 - - 198 263 - - - 2,164 32,550 6.65% 01-150-54-00-5485 RENTAL&LEASE PURCHASE 137 137 137 137 137 137 137 137 137 137 137 1,502 0.00% 01-150-54-00-5495 OUTSIDE REPAIR&MAINTENANC - 27 - - - - - - - - - 27 1,500 1.81% 01-150-56-00-5600 WEARING APPAREL - - 100 0.00% 01-150-56-00-5610 OFFICE SUPPLIES 7 7 1,000 1 0.70% 01-150-56-00-5622 ENGINEERING SUPPLIES 1,500 0.00% 01-150-56-00-5630 SMALL TOOLS&EQUIPMENT 500 0.00% 01-150-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 4,550 0.00% 01-150-56-00-5640 REPAIR&MAINTENANCE 1,000 0.00% 01-150-56-00-5645 BOOKS&PUBLICATIONS - - 150 0.00% TOTAL EXPENDITURES:ENGINEERING 15,255t-- 5 255 65,450 13,199 257 249 137 334 399 137 137 137 95,689 253,136 37.80% POLICE EXPENDITURES 01-210-50-00-5010 SALARIES-POLICE OFFICERS 87,672 95,900 85,295 78,245 120,451 88,252 87,352 90,619 91,379 94,073 134,963 1,054,201 1,250,000 84.34% 01-210-50-00-5012 SALARIES-LIEUT/SERGEANTS/CHIEF 44,835 49,174 51,592 46,735 66,038 44,215 44,847 47,283 47,230 44,988 66,912 553,849 610,000 90.79% 01-210-50-00-5013 SALARIES-POLICE CLERKS 11,204 15,227 7,747 8,715 14,557 9,468 9,411 9,922 9,423 9,300 13,960 118,933 120,000 99.11% 01-210-50-00-5014 SALARIES-CROSSING GUARD 1,110 583 - - 1,193 1,029 1,110 931 611 1,055 9,960 17,580 20,000 87.90% 01-210-50-00-5015 PART-TIME SALARIES 6,068 3,090 4,155 2,990 5,923 2,928 2,837 3,423 2,562 2,777 (3,915) 32,839 39,000 84.20% 01-210-50-00-5017 CADET PROGRAM 875 1,375 1,247 1,231 - - - 1,208 63 315 6,314 13,500 46.77% 01-210-50-00-5020 OVERTIME 6,970 6,898 12,214 6,859 14,226 8,799 6,903 7,062 12,074 1,403 3,387 86,795 75,000 115.73%° 01-210-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,075 1,417 624 742 1,290 860 860 860 871 874 1,307 10,779 15,900 67.79% 01-210-52-00-5213 EMPLOYER CONTRI-POL PEN 57,847 119,062 4,521 44,426 117,395 10,431 6,673 - - - - 360,356 375,000 96.09% 01-210-52-00-5214 FICA CONTRIBUTION 11,692 12,762 11,978 10,642 16,444 11,377 11,201 11,716 12,125 11,288 16,658 137,881 170,000 81.11% 01-210-54-00-5410 TUITION REIMBURSEMENT - - - - 1,510 1 - - - - - 1,510 2,800 53.93% 01-210-54-00-5411 POLICE COMMISSION 563 581 590 1,219 2,242 24 9,614 185 98 15,115 15,000 100.76% 01-210-54-00-5412 TRAINING&CONFERENCES 50 920 150 (230) 495 - 418 2,295 3,178 - 850 8,126 12,000 67.72% 3 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-I1 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 01-210-54-00-5415 TRAVEL&LODGING 183 1,264 83 946 195 (332) 983 2,150 19 226 156 5,875 10,000 58.75% 01-210-54-00-5426 PUBLISHING&ADVERTISING - - - 11 - - - - - - - 11 200 5.60% 01-210-54-00-5430 PRINTING&DUPLICATING 87 143 120 74 111 70 761 1,437 954 111 3,870 4,500 85.99% 01-210-54-00-5440 TELECOMMUNICATIONS 1,757 1,748 1,927 3,077 2,892 2,908 1,856 1,874 1,915 1,925 21,879 36,500 59.94% 01-210-54-00-5452 POSTAGE&SHIPPING 11 81 26 259 (60) 47 - - 35 - 20 419 3,000 13.98% 01-210-54-00-5460 DUES&SUBSCRIPTIONS 90 80 (20) 210 50 - 100 25 170 360 240 1,305 1,350 96.67% 01-210-54-00-5462 PROFESSIONAL SERVICES 85 598 1,034 141 300 228 990 3,428 320 103 7,227 4,000 180.67% 01-210-54-00-5466 LEGAL SERVICES - - - - - - - - - - - - 10,000 0.00% 01-210-54-00-5467 ADMIN ADJ-HEARING OFFICER 325 1,400 2,260 975 2,100 1,000 1,600 1,518 564 1,950 1,800 15,492 15,000 103.28% 01-210-54-00-5469 NEW WORLD LIVE SCAN - - - - - 8,949 - - - - 1,995 10,944 15,000 72.96% 01-210-54-00-5472 KENDALL CO.JUVE PROBATION - - 2,389 - 2,389 3,000 79.62% 01-210-54-00-5484 MDT-ALERTS FEE 3,330 - - - - 3,330 - - - - - 6,660 6,660 100.00% 01-210-54-00-5485 RENTAL&LEASE PURCHASE 277 277 352 427 352 352 352 352 352 352 352 3,797 - 0.00% 01-210-54-00-5495 OUTSIDE REPAIR&MAINTENANCI 1,125 2,537 2,810 2,610 8,411 2,901 928 3,851 3,300 752 4,363 33,588 51,000 65.86% 01-210-56-00-5600 WEARING APPAREL 375 - 1,290 611 725 2,795 685 8,369 1,190 208 188 16,436 10,000 164.36% 01-210-56-00-5610 OFFICE SUPPLIES - 91 196 245 269 - 422 95 359 393 110 2,181 4,000 54.52% 01-210-56-00-5620 OPERATING SUPPLIES 13 787 148 550 54 4 169 318 4 220 102 2,368 8,000 29.60% 01-210-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - 55 312 70 300 - 628 - - 1,365 7,000 19.50% 01-210-56-00-5640 REPAIR&MAINTENANCE 1,554 576 875 - 1,171 - 215 4,390 12,250 35.83% 01-210-56-00-5669 GREAT PROGRAM - - - - - - 3,000 0.00% 01-210-56-00-5670 COMMUNITY RELATIONS 45 25 70 500 14.02% 01-210-56-00-5673 NEIGHBORHOOD WATCH - 1,531 0.00% 01-210-56-00-5674 CITIZENS POLICE ACADEMY - 1,839 0.00% 01-210-56-00-5678 COMPLIANCE CHECKS - - 7 - 7 500 1.41% 01-210-56-00-5690 SUPPLIES-GRANT REIMBURSABL 69 - - 3,030 - - - - 1,215 - 4,314 4,200 102.72% 01-210-56-00-5695 GASOLINE 7,814 7,028 7,473 6,531 6,368 5,861 5,410 5,324 6,657 5,667 64,133 85,000 75.45% 01-210-56-00-5696 1AMMUNITION - - - - - - - - - 1,189 34 1,223 2,000 61.13% TOTAL EXPENDITURES:POLICE 235,690 324,292 196,183 218,967 386,i92 207,365 188,466 201,000 211348 182 740 261,875 2,614,218 3,018 230 86.61% COMMUNITY DEVELOPMENT EXPENDITURES 01-220-50-00-5010 SALARIES&WAGES 17,750 26,622 11,148 8,690 20,292 15,444 15,078 13,960 13,479 12,924 19,948 175,334 240,000 73.06% 01-220-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,688 2,532 1,060 826 1,807 1,298 1,268 1,298 1,295 1,246 1,923 16,241 27,275 59.55% 01-220-52-00-5214 FICA CONTRIBUTION 1,279 1,958 831 643 1,523 1,155 1,127 1,041 1,007 961 1,484 13,006 17,260 75.35% 01-220-54-00-5412 TRAINING&CONFERENCES - - - - - 480 79 - 305 180 100 1,144 1,200 95.33% 01-220-54-00-5415 TRAVEL&LODGING 21 226 - 16 288 551 700 78.75% 01-220-54-00-5426 PUBLISHING&ADVERTISING - - 64 - - - - - - - 64 150 1 42.40% 01-220-54-00-5430 PRINTING&DUPLICATING 38 60 - 109 74 115 110 39 56 87 687 1,500 45.81% 01-220-54-00-5440 TELECOMMUNICATIONS 109 108 112 111 187 150 148 148 151 152 1,378 1,500 91.86% 01-220-54-00-5452 POSTAGE&SHIPPING - - 63 - - - - - - 26 88 500 17.67% 01-220-54-00-5459 INSPECTIONS 680 - 7,061 6,128 7,701 1,120 1,270 1,190 910 - 26,060 20,000 130.30% 01-220-54-00-5460 DUES&SUBSCRIPTIONS 422 453 - - - - - 75 125 - 1,075 1,500 71.67% 01-220-54-00-5462 PROFESSIONAL SERVICES - - 562 94 - - 59 715 6,000 11.91% 01-220-54-00-5466 LEGAL SERVICES - 101 44 846 - 101 - - 856 635 21 2,604 6,400 40.69% 01-220-54-00-5485 RENTAL&LEASE PURCHASE 137 137 137 137 137 137 137 137 137 137 137 1,502 - 0.00% 01-220-54-00-5486 ECONOMIC DEVELOPMENT - - - - - - - - 45,000 - - 45,000 45,000 100.00% 01-220-56-00-5610 1OFFICE SUPPLIES 16 52 67 3 - 20 158 500 31.61% 01-220-56-00-5620 OPERATING SUPPLIES 79 29 233 1 242 13 258 1,943 2,798 3,000 1 93.25% 01-220-56-00-5630 SMALL TOOLS&EQUIPMENT 125 0.00% 01-220-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 2,500 0.00% 4 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 01-220-56-00-5645 1 BOOKS&PUBLICATIONS 394 50 - 444 500 88.88% TOTAL EXPENDITURES:COMMUNITY DEVELP 20,854 32,614 13,920 19,003 30,189 27,384 19,544 17,976 63,530 17,668 26,168 288,849 375,610 76.90°/ PUBLIC WORKS-STREET OPERATIONS EXPENDITURES 01-410-50-00-5010 SALARIES&WAGES 18,990 19,377 19,377 19,377 30,015 19,377 19,377 19,377 19,377 19,377 29,065 233,081 270,000 86.33% 01-410-50-00-5020 OVERTIME - - - 71 89 - 239 744 1,855 1,974 1,445 6,416 15,000 42.78% 01-410-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,806 1,843 1,843 1,849 2,863 1,843 1,865 1,913 2,047 2,058 2,941 22,871 30,000 76.24% 01-410-52-00-5214 FICA CONTRIBUTION 1,408 1,438 1,438 1,443 2,251 1,438 1,457 1,493 1,578 1,589 2,281 17,814 23,500 75.80% 01-410-54-00-5412 TRAINING&CONFERENCES - - - - - - - - - - 140 140 2,000 7.00% 01-410-54-00-5440 TELECOMMUNICATIONS 198 196 205 204 192 200 195 217 246 215 2,069 4,020 51.47% 01-410-54-00-5455 MOSQUITO CONTROL 6,500 - - - - - - - - - 6,500 7,000 92.86% 01-410-54-00-5458 TREE&STUMP REMOVAL 400 - 2,275 300 - 1,825 1,225 - - - 6,025 10,000 60.25% 01-410-54-00-5462 PROFESSIONAL SERVICES 84 46 20 66 20 109 - 600 100 45 1,090 1,000 109.01% 01-410-54-00-5480 UTILITIES 5,199 6,868 6,988 3,865 3,605 4,144 4,200 9,276 3,359 3,243 50,747 80,000 63.43% 01-410-54-00-5485 RENTAL&LEASE PURCHASE 33 540 33 33 33 33 182 33 33 33 33 1,018 1,000 101.84% 01-410-54-00-5495 OUTSIDE REPAIR&MAINTENANC 275 - 845 1,486 3,969 2,826 1,675 - 3,115 4,232 18,422 30,000 61.41% 01-410-56-00-5600 WEARING APPAREL 93 144 174 259 126 228 260 316 84 174 191 2,049 5,000 40.97% 01-410-56-00-5620 OPERATING SUPPLIES 34 1,632 1,564 949 377 766 647 22 257 515 211 6,974 9,500 73.41% 01-410-56-00-5626 HANGING BASKETS 1,832 209 - - - - - - - - 2,041 2,000 102.06% 01-410-56-00-5630 SMALL TOOLS&EQUIPMENT 64 (64) - - - - - - 29 132 79 240 1,750 13.73% 01-410-56-00-5640 REPAIR&MAINTENANCE 2,780 1,251 2,192 3,281 945 1,342 4,473 665 1,146 438 18,513 36,500 50.72% 01-410-56-00-5656 PROPERTY&BUILDING MAINT 66 1,238 664 2,471 1,241 115 611 2,416 1 652 4,284 227 13,984 30,000 46.61% 01-410-56-00-5695 GASOLINE 2,886 1,279 2,914 4,062 2,185 1,685 3,235 1,293 3,866 1,846 25,250 33,600 75.15% 01-410-60-00-6041 SIDEWALK CONSTRUCTION - - - 734 135 - - - - - - 869 4,000 21.73% TOTAL EXP:PUBLIC WORKS-STREET OPS 22,494 46,299 1 34,940 42,626 50,392 34,715 36,769 41,318 37,962 41,968 46,631 436,115 595,870 73.19% PW-HEALTH&SANITATION EXPENDITURES 01-540-54-00-5442 IGARBAGE SERVICES - 100,361 200,660 99,975 100,018 99,803 99,438 99,352 98,707 98,621 996,933 1,195,000 83.43% 01-540-54-00-5443 ILEAFPICKUP - 600 4,320 4,920 6,000 82.00% TOTAL EXPENDITURES:PW HEALTH&SAN 100,361 600 200,660 99,975 100,018 99,803 99,438 103,672 98,707 98,621 1,001,853 1201,000 83.42% ADMINISTRATIVE SERVICES EXPENDITURES 01-640-50-00-5092 POLICE SPECIAL DETAIL WAGES - 350 - - - - - - - - - 350 5,000 7.00% 01-640-52-00-5216 GROUP HEALTH INSURANCE 201,872 113,613 97,253 97,135 88,841 90,913 12,522 171,646 19,716 191,443 107,870 1,192,823 1,204,000 99.07% 01-640-52-00-5222 GROUP LIFE INSURANCE 1,275 1,237 1,252 1,035 1,161 1,166 1,162 1,145 1,158 1,133 1,158 12,883 26,000 49.55% 01-640-52-00-5223 DENTAL&VISION INSURANCE 15,474 9,695 7,432 8,431 7,952 7,784 839 15,310 839 14,804 8,033 96,592 114,000 84.73% 01-640-52-00-5224 EMPLOYEE ASSISTANCE - - - - - - - - - - - - 150 0.00% 01-640-52-00-5230 UNEMPLOYMENT INSURANCE 12,508 - 18,762 - - 18,762 - 8,584 - 25,339 - 83,954 60,000 139.92% 01-640-52-00-5231 LIABILITY INSURANCE 49,629 53,504 10,470 10,470 53,504 - 10,470 18,913 79,023 13,056 9,451 308,490 339,200 90.95% 01-640-54-00-5456 CORPORTATE COUNSEL - 11,046 8,493 9,889 14,193 5,708 8,150 3,544 5,491 3,613 2,739 72,863 130,000 56.05% 01-640-54-00-5461 LITIGATION COUNSEL - 65 10,719 10,750 8,255 3,809 - 12,890 6,528 7,566 3,557 64,139 60,000 106.90% 01-640-54-00-5462 PROFESSIONAL SERVICES 450 5,843 - 2,160 - 40,486 11,150 444 25 (50,668) 22,923 32,814 50,000 65.63% 01-640-54-00-5463 SPECIAL COUNSEL - 135 5,785 - 495 270 1,080 2,448 1,960 3,300 - 15,472 25,000 61.89% 01-640-54-00-5465 ENGINEERING SERVICES - - - - 15,732 13,353 75,255 19,340 29,448 34,943 188,070 - 0.00% 01-640-54-00-5475 CABLE CONSORTIUM FEE - 19,039 19,620 - - - 19,508 - - 58,167 85,000 68.43% 01-640-54-00-5479 COMMUNITY RELATIONS 440 - - - - - - - 440 - 0.00% 01-640-54-00-5481 HOTEL TAX REBATE 3,612 5,416 5,310 4,516 5,888 3,711 2,379 3,078 2,724 36,635 27,540 133.03% 01-640-54-00-5491 CITY PROPERTY TAX REBATE 1,532 - 1,532 1,050 145.89% 01-640-54-00-5492 ISALESTAXREBATE 322,675 1 168,802 1 - 1,720 1 170,364 1 11,649 375 1 167,269 E 842,854 1 900,000 1 93.65% 5 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 01-640-54-00-5493 BUSINESS DISTRICT REBATE 23,787 24,471 27,616 23,037 22,407 25,315 22,054 26,967 42,873 238,527 300,000 79.51% 01-640-54-00-5494 ADMISSIONS TAX REBATE - - - - 104,845 - - - - 104,845 114,000 91.97% 01-640-54-00-5499 BAD DEBT - - - - 1,250 0.00% 01-640-56-00-5625 REIMBURSEABLE REPAIRS 2,655 255 2,910 5,000 58.19% 01-640-70-00-7799 CONTINGENCIES - - - - - - - - - 52,075 - 52,075 64,617 80.59% 01-640-99-00-9923 TRANSFER TO CITY WIDE CAPIT 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 114,583 125,000 91.67% 01-640-99-00-9942 TRANSFER TO DEBT SERVICE 8,645 8,645 1 8,645 1 8,645 1 8,645 1 8,645 1 8,645 1 8,645 1 8,645 1 8,645 1 8,645 95,095 103,740 91.67% 01-640-99-00-9979 ITRANSFER TO PARK&RECREATION 61,059 61,059 61,059 61,059 61,059 61,059 65,059 61,059 61,059 61,059 61,059 675,651 732,710 92.21% 01-640-99-00-9982 TRANSFER TO LIBRARY OPS - - - - - 328,644 - - - 500 - 329,144 332,500 98.99% TOTAL EXPENDITURES:ADMIN SERVICES 361,328 275,608 268,125 591,593 475,870 622,480 277,706 592,344 269,790 402,404 483,661 4,620,908 4,805,757 96.15% TOTAL FUND REVENUES 901,625 1,889,075 630,030 1,243,931 1,652,500 1,044,652 873,711 886,276 617,447 567,791 808,962 11,116,000 11,823,874 94.01% TOTAL FUND EXPENDITURES 698,195 902,080 582,820 1,134,222 1 1,124,024 1,057,297 1 687,353 1,017,979 751,715 800,367 1 988,062 9,744,114 1 11,059,992 1 88.10% FUND SURPLUS(DEFICIT) 203,430 986,995 47,210 109,709 1 528,476 1 (12,645)1 186,358 131,703 134,268 (232,576) (179,100)M 1,371,886 1 763,882 FOX HILL SSA REVENUES 11-000-40-00-4011 PROPERTY TAXES-FOX HILL SSA JL 599 1,272 64 576 1,126 88 60 3,786 3,786 100.00% 11-000-45-00-4500 1 INVESTMENT EARNINGS 01 1 1 1 1 1 1 1 1 0 6 - 0.00% TOTAL REVENUES:FOX HILL SSA 599 1 1,273 64 577 1,127 89 61 1 ( 0 3,792 3,786 100.16% FOX HILL SSA EXPENDITURES 11-111-54-00-5495 1 OUTSIDE REPAIR&MAINTENANC - 614 1 767 1 614 1 614 1 767 1 614 1 307 1 510 4,346 1 3,804 1 114.26% TOTAL FUND REVENUES 599 1 273 64 577 1,127 89 61 1 1 0 - 3,792 3,786 100.16% TOTAL FUND EXPENDITURES 614 767 1 614 614 1 767 614 307 - - 51 4,346 3,804 114.26% FUND SURPLUS DEFICIT 599 659 (703) (37)1 513 1 (678) 553 (306)1 1 1 0 1 (51) 554 18 SUNFLOWER SSA REVENUES 12-000-40-00-4012 1 PROPERTY TAXES-SUNFLOWER SS 1,362 2,284 118 1,391 1,937 84 354 7,530 7,530 100.00% 12-000-45-00-4500 JINVESTMENT EARNINGS 0 1 1 1 1 1 1 0 0 0 0 7 - 0.00% TOTAL REVENUES:SUNFLOWER SSA 1 1,362 2,284 120 1,392 1,938 85 355 0 0 0 0 7,537 7,530 100.10% SUNFLOWER SSA EXPENDITURES 12-112-54-00-5495 1 OUTSIDE REPAIR&MAINTENANC - 1,309 1 650 1 1,309 1 1,309 1 1,439 1 520 1 385 1 510 6,972 1 9,078 1 76.80% TOTAL FUND REVENUES 1,362 2,284 120 1,392 1,938 85 1 355 0 1 0 1 0 1 ON 7,537 1 7,530 1 100.10%, TOTAL FUND EXPENDITURES E - 1,309 650 1,309 1,309 1,439 1 520 385 51 N 6,972 1 9,078 1 76.80% FUND SURPLUS EFICIT 1,362 1 975 530 83 1 629 1,354 165 (385)1 0 1 0 1 (51) 565 1,548 MOTOR FUEL TAX REVENUES 15-000-41-00-4112 MOTOR FUEL TAX 34,752 34,093 31,723 36,973 36,308 32,528 36,140 38,180 35,591 34,224 34,880 385,392 355,000 108.56% 15-000-41-00-4113 MFT HIGH GROWTH - - - - - - - 39,197 - - 39,197 20,000 195.99% 15-000-41-00-4172 ILLINOIS JOBS NOW PROCEEDS 73,122 - 73,122 142,000 51.49% 15-000-45-00-4500 INVESTMENT EARNINGS 29 28 24 25 26 28 51 69 69 68 77 494 1,000 49.41% 15-000-46-00-4605 REIMB-OLD JAIL/DWTWN PARKIN - - - 4931 000 0.00% 15-000-46-00-4690 IREIMB-MISCELLANEOUS 8,593 1 19,500 28,093 - 0.00% TOTAL REVENUES:MOTOR FUEL TAX 34,781 34,122 1 31,747 110,120 36,334 32,556 1 36,191 38,249 74,857 42,884 54,456 526,297 1,011,000 52.06% 6 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION I May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget MOTOR FUEL TAX EXPENDITURES 15-155-56-00-5618 SALT - - - - 39,614 32,334 1,551 73,499 220,000 33.41% 15-155-56-00-5619 SIGNS 1,426 1,966 999 348 27 362 160 962 6,248 18,000 34.71% 15-155-56-00-5632 PATCHING - - - - - 47,093 - - - 47,093 50,000 94.19% 15-155-56-00-5633 COLD PATCH - - - - - 1,431 - 1,009 2,310 1,105 5,855 10,600 55.23% 15-155-56-00-5634 HOT PATCH 1,728 2,729 3,044 988 2,045 750 - - - 11,284 13,000 86.80% 15-155-60-00-6072 IDOWNTOWN PARKING LOT 875 - 875 1 55,000 1 1.59% 15-155-60-00-6073 GAME FARM ROAD PROJECT 28,200 4,400 6,400 - 19,177 7,970 1,940 68,086 150,000 45.39% 15-155-60-00-6075 RIVER ROAD BRIDGE PROJECT - - - 102 920 (1,022)1 25,000 0.00% 15-155-60-00-6079 ROUTE 47 EXPANSION - - - - - 2,379 7,859 (10,238)1 119,400 0.00% TOTAL FUND REVENUES 34,781 34,122 31,747 110,120 36,334 32,556 36,191 38,249 74,857 42,884 54,456 526,297 1,011,000 52.06% TOTAL FUND EXPENDITURES 28,200 6,128 10,555 5,010 2,861 24,051 18,956 77,748 1,009 34,804 3,617 212,940 661,000 32.21% FUND SURPLUS DEFICIT 6,581 27,993 21,192 105,110 33,472 8,505 1 17,235 39,499 73,848 1 8,080 1 50,839 E 313,358 1 350,000 MUNICIPAL BUILDING REVENUES 16-000-42-00-4214 IDEVELOPMENT FEES 1,050 300 750 300 2,700 300 300 - - 1,800 7,500 5,250 142.86% 16-000-42-00-4216 IBUILD PROGRAM PEMITS - - - - - - - 150 150 - TOTAL REVENUES:MUNICIPAL BUILDING 1,050 300 750 300 2,700 300 300 1,950 7,650 5,250 145.71% TOTAL FUND REVENUES 1,050 300 750 300 2,700 300 300 1,950 7,650 5,250 145I TOTAL FUND EXPENDITURES - - - - - - - - - FUND SURPLUS EFICIT 1,050 300 750 300 2,700 300 300 - 1,950 7,650 5,250 POLICE CAPITAL REVENUES 20-000-42-00-4214 DEVELOPMENT FEES 1,800 300 1,500 450 5,250 450 450 3,450 13,650 10,500 130.00% 20-000-42-00-4217 WEATHER WARNING SIREN FEES - - - - - - - - - 6,000 0.00% 20-000-43-00-4315 DUI FINES 1,127 323 261 136 18 455 155 158 93 119 365 3,211 - 0.00% 20-000-43-00-4316 ELECTRONIC CITATION FEE - 184 54 60 70 62 78 46 58 70 - 682 - 0.00% 20-000-43-00-4340 SEIZED VEHICLE PROCEEDS - - - - - 1,585 - - 750 2,335 5,000 46.70% 20-000-45-00-4500 INVESTMENT EARNINGS 5 41 41 4 41 4 4 71 71 61 3 53 - 0.00% 20-000-48-00-4880 SALE OF FIXED ASSETS 1,200 - - 12,700 2,500 16,400 - 0.00% TOTAL REVENUES:POLICE CAPITAL 4,132 812 1,819 650 5,341 971 14,972 211 1 158 1951 7 069 36,331 21,500 168.98% POLICE CAPITAL EXPENDITURES 20-200-54-00-5462 PROFESSIONAL SERVICES 95 - - - - - - 2,350 - - 202 2,647 1,500 176.47% 20-200-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - - - 10,000 0.00% 20-200-56-00-5620 OPERATING SUPPLIES 2,500 0.00% 20-200-60-00-6060 EQUIPMENT 20,000 0.00% 20-200-60-00-6070 VEHICLES - - - - - - 20,000 0.00% TOTAL FUND REVENUES 4,132 812 1,819 650 5,341 971 14,972 211 1 158 195 1 7,069 E 36,331 1 21,500 168.98% TOTAL FUND EXPENDITURES M 95 1 - 2,350 - 202 E 2,647 1 54,000 1 4.90% FUND SURPLUS DEFICIT 4,037 812 1,819 650 5,341 1 971 1 14,972 1 (2,139)1 158 1 195 1 6,867 E 33,684 1 (32,500) 7 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION & I May-11 June-11 July-11 August-11 September-11 October-11 November-I1 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget PUBLIC WORKS CAPITAL REVENUES 21-000-42-00-4214 DEVELOPMENT FEES 4,400 900 3,500 1,150 12,350 1,150 1,150 8,150 32,750 24,500 133.67% 21-000-42-00-4216 BUILD PROGRAM PERMITS - - - - - - - - 700 700 - 0.00% 21-000-44-00-4418 MOWING INCOME 419 3,430 2,193 713 (494) 1,790 676 (2,250) (188) - 6,290 7,900 79.62% 21-000-45-00-4500 INVESTMENT EARNINGS 3 2 2 2 2 2 2 2 2 2 1 21 - 0.00% 21-000-48-00-4850 MISCELLANEOUS INCOME - - - - - - - - - 0.00% 21-000-48-00-4880 SALE OF FIXED ASSETS - - - - - - - - - - - 0.00% 21-000-49-00-4922 TSFR FROM PARK&REC CAPITAL 292 292 292 292 292 292 292 292 292 292 292 3,208 3,500 91.67% TOTAL REVENUES:PW CAPITAL REVENUES m 5,1141 4,624 1 5,9861 2,1571 12,1491 3,234 2,119 1,955 106 293 9,143 E 42,969 1 35,900 119.69% PUBLIC WORKS CAPITAL EXPENDITURES 21-211-54-00-5462 PROFESSIONAL SERVICES - 980 49 294 245 323 235 98 352 - 2,576 1,800 143.11% 21-211-54-00-5485 RENTAL&LEASE PURCHASE - - - 4,000 - - - 4,000 4,500 88.89% 21-211-56-00-5620 OPERATING SUPPLIES - - 2,000 0.00% 21-211-60-00-6060 EQUIPMENT 2,000 0.00% 21-211-60-00-6070 VEHICLES I - - - - - - - - - - - - - 0.00% 21-211-92-00-8000 1PRINCIPLE PAYMENT-PW BUILDING 4,587 1 2,3121 2,324 1 2,336 1 2,348 1 2,360 1 2,373 1 2,3851 2,397 1 2,410 25,832 28,254 91.43% 21-211-92-00-8050 INTEREST PAYMENT-PW BUILDING 9,129 4,546 4,534 4,522 4,510 4,498 4,485 4,473 4,461 4,448 49,606 1 54,041 91.79% TOTAL FUND REVENUES m 5,1141 4,624 1 5,986 1 2,1571 12,149 1 3,234 1 2,119 1,955 1061 293 1 9,143 E 42,969 1 35,900 1 119.69% pf I TOTAL FUND EXPENDITURES E 13,7161 7,838 1 6,907 1 7,152 1 11,103 1 7,181 1 7,093 1 6,956 1 7,2101 6,858 1 - m 82,013 1 92,595 1 88.57% FUND SURPLUS EFICIT 8,602 3,214 921 4,995 1,046 3,947 (4,974)1 8,911 7,104 6,565 9,143 39,044 56,695 PARK&RECREATION CAPITAL REVENUES 22-000-42-00-4215 PARKS CAPITAL FEES 250 - 500 - - 950 50 - 1,750 1,750 100.00% 22-000-45-00-4500 INVESTMENT EARNINGS 8 8 8 10 37 37 35 38 38 35 38 292 80 364.38% 22-000-46-00-4690 REIMBURSEMNT-MISCELLANEOU - - 10,702 - 10,702 - 0.00% 22-000-48-00-4880 SALE OF FIXED ASSETS - 900 - - 900 1,000 90.00% TOTAL REVENUES:PARK&RECREATION CAPITAL 258 8 8 1,410 37 10,739 985 38 38 85 38 13,644 2,830 482.11% PARK&RECREATION CAPITAL EXPENDITURES 22-222-60-00-6012 CRAWFORD PARK TRAIL - - - - - - 0.00% 22-222-60-00-6035 RAINTREE PARK 120,000 0.00% 22-222-60-00-6042 BASEBALL FIELD CONSTRUCTION - 0.00% 22-222-60-00-6060 EQUIPMENT - - - - - - - - - - - 0.00% 22-222-99-00-9921 TRANSFER TO PW CAPITAL 292 292 292 292 292 292 292 292 292 292 292 3,208 3,500 91.67% TOTAL FUND REVENUES 258 8 8 1,410 37 10,739 985 38 38 1 85 38 13,644 2,830 482.11% TOTAL FUND EXPENDITURES 292 292 292 292 292 292 292 292 292 1 292 292 3,208 123,500 2.60% FUND SURPLUS DEFICIT (33) (284) (284)1 1,118 (254)j 10,447 1 694 1 (254) (254) (206) (254)M 10,435 120,670 CITY-WIDE CAPITAL REVENUES 23-000-41-00-4170 STATE GRANTS - - - - - - - - - 231,000 0.00% 23-000-42-00-4210 BUILDING PERMITS - - - - - - 1,541 27,412 28,954 17,600 164.51% 23-000-42-00-4213 ENGINEERING CAPITAL FEES 500 500 100 1,700 100 100 - - 1,100 4,100 3,000 136.67% 23-000-42-00-4214 DEVELOPMENT FEES - 85 - 700 1,700 500 4,289 755 - 8,029 20,000 40.14% 23-000-42-00-4216 BUILD PROGRAM PERMIT I - 3,160 3,160 - 0.00% 8 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 23-000-42-00-4222 ROAD CONTRIBUTION FEE 4,000 - 6,000 - 12,000 8,000 30,000 20,000 150.00% 23-000-45-00-4500 INVESTMENT EARNINGS 2 2 2 3 13 13 13 13 13 13 13 100 - 0.00% 23-000-46-00-4690 REIMB-MISCELLANEOUS 4,469 3,560 - 1,549 - - - - - - - 9,578 - 0.00% 23-000-49-00-4901 TRANSFER FROM GENERAL 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 10,417 114,583 125,000 91.67% TOTAL REVENUES:CITY-WIDE CAPITAL 19,388 14,064 16,919 12,769 25,829 11,029 14,818 10,430 11,185 11,971 50,102 198,504 416,600 47.65% CITY-WIDE CAPITAL EXPENDITURES 23-230-60-00-6070 VEHICLES - - - - - - - - - - - - 4,000 0.00% 23-230-60-00-6092 SAFE ROUTE TO SCHOOL PROJECT - 1,049 1,171 (2,073) 948 3,780 456 5,330 231,000 2.31% 23-230-97-00-8000 PRINCIPLE PMT-CLARK PRPTY 125,000 - - - - - - - - - - 125,000 125,000 100.00% TOTAL FUND REVENUES 19,388 14,064 16,919 12,769 25,829 11,029 14,818 10,430 11,185 11,971 50,102 198,504 416,600 47.65% TOTAL FUND EXPENDITURES 125,000 - - 1,049 1,171 1 (2,073)1 948 1 3,780 456 E 130,330 1 360,000 1 36.20% FUND SURPLUS DEFICIT 105,612 14,064 1 16,919 1 12,769 25,829 9,981 13,647 12,502 10,237 8,191 49,646 E 68,174 56,600 DEBT SERVICE REVENUES 42-000-40-00-4006 PROPERTY TAXES-2005A BOND 51,906 106,836 4,056 39,864 105,340 9,360 5,988 - - - - 323,350 324,179 99.74% 42-000-42-00-4208 RECAPTURE FEES-WATER&SEWE 200 50 125 50 400 50 50 - - - 300 1,225 - 0.00% 42-000-45-00-4500 INVESTMENT EARNINGS 0 12 39 40 50 72 62 2 2 2 1 282 - 0.00% 42-000-49-00-4901 TRANSFER FROM GENERAL 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 8,645 95,095 103,740 91.67% 42-000-49-00-4985 TRANSFER FROM FOX IND TIFF I - - - - 78,563 214 - - - - 78,777 - 0.00% TOTAL REVENUES:DEBT SERVICE 60,752 115,542 12,866 48,599 114,434 96,690 14,959 8,647 8,647 8,647 8,946 498,729 4279919 116.55% DEBT SERVICE EXPENDITURES 42-420-54-00-5498 PAYING AGENT FEES - - - 375 - - - 375 - - 749 750 99.87% 42-420-81-00-8000 PRINCIPLE PAYMENT-2004C - - 95,000 - 95,000 95,000 100.00% 42-420-81-00-8050 INTEREST PAYMENT-2004C 4,370 4,370 8,740 8,740 100.00% 42-420-82-00-8000 PRINCIPLE PAYMENT-2005A - 195,000 195,000 195,000 100.00% 42-420-82-00-8050 INTEREST PAYMENT-2005A 64,589 - - - - - 64,589 - - - 129,179 129,179 100.00% TOTAL FUND REVENUES 60,752 1 115,542 1 12,8661 48,599 1 114,4341 96,690 1 14,959 1 8,647 1 8,647 1 8,647 1 8,946 E 498,729 1 427,919 1 116.55% TOTAL FUND EXPENDITURES 68,959 375 - I - 358,959 1 375 1 - I - m 428,668 1 428,669 1 100.00% FUND SURPLUS(DEFICIT) 60,752 1 46,583 12,866 1 48,225 114,434 1 96,690 1 14,959 1 (350,313)1 8,273 1 8,647 1 8,946 E 70,061 1 (750) WATER FUND REVENUES 51-000-40-00-4007 PROPERTY TAXES-2007A BOND 21,434 44,117 1,675 16,461 43,499 3,865 2,473 - - - 133,524 133,866 99.74% 51-000-42-00-4216 BUILD PROGRAM PERMITS - - - - - - - - - - 3,990 3,990 - 0.00% 51-000-44-00-4424 WATER SALES 3,611 287,381 2,266 331,018 3,507 293,000 (4,586) 293,672 3,943 250,928 2,569 1,467,309 1,674,750 87.61% 51-000-44-00-4425 BULK WATER SALES - 950 - - - - (771) - - - 150 329 500 65.88% 51-000-44-00-4430 WATER METER SALES 3,405 780 2,235 875 8,550 875 1,360 - - - 5,345 23,425 25,000 93.70% 51-000-44-00-4440 WATER INFASTRUCTURE FEE 305 115,440 137 115,635 587 115,871 196 116,454 103 115,958 106 580,792 600,000 96.80% 51-000-44-00-4450 WATER CONNECTION FEE 16,710 7,400 10,640 5,030 34,290 5,030 5,030 - - - 23,650 107,780 125,000 86.22% 51-000-45-00-4500 INVESTMENT EARNINGS 4 9 19 21 35 22 21 18 21 36 29 234 2,000 11.70% 51-000-46-00-4690 REIMB-MISCELLANEOUS - - - - - 1,340 - 430 - 1,771 - 0.00% 51-000-48-00-4821 BAD DEBT RECOVERY - - - 3,517 - - - - - 3,517 - 0.00% 51-000-48-00-4822 RENTAL INCOME-WATER TOWER 311 2,524 2,524 2,524 4,738 2,524 4,324 4,324 4,324 4,391 4,391 36,900 50,000 73.80% 51-000-48-00-4850 IMISCELLANEOUS INCOME m - 63 1 - 63 1 - 0.000/0 9 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 J June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 51-000-49-00-4952 1 TRANSFER FROM SEWER 6,989 6,9891 6,989 1 6,989 1 6,989 1 6,989 1 6,989 1 6,989 1 6,989 1 6,989 1 6,989 76,874 83,863 91.67% TOTAL REVENUES:WATER FUND 52,768 465,589 26,486 478,553 105,711 429,579 15,035 421,887 15,380 378,301 47,218 2,436,509 2,694,979 90.41% WATER OPERATIONS EXPENSES 51-510-50-00-5010 SALARIES&WAGES 26,985 27,920 27,335 26,064 46,015 20,542 17,556 19,932 22,337 23,356 39,554 297,594 365,000 81.53% 51-510-50-00-5020 OVERTIME - - 95 22 1,130 741 1,542 424 632 1,825 1,009 7,421 12,000 61.84% 51-510-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 2,566 2,655 2,609 2,481 4,483 2,024 1,816 1,936 2,214 2,427 3,910 29,122 37,500 77.66% 51-510-52-00-5214 FICA CONTRIBUTION 1,984 2,055 2,018 1,915 3,497 1,559 1,405 1,497 1,688 1,854 3,017 22,488 28,200 79.74% 51-510-54-00-5412 TRAINING&CONFERENCES - - - 330 - - - - - - 330 2,000 16.50% 51-510-54-00-5415 TRAVEL&LODGING - - - 278 - - 278 1,600 17.36% 51-510-54-00-5426 PUBLISHING&ADVERTISING - 934 - - 119 119 1,172 1,000 117.20% 51-510-54-00-5429 WATER SAMPLES 4,236 - 33 25 - - - - - - 4,294 14,000 30.67% 51-510-54-00-5430 PRINTING&DUPLICATING - - - - 12 3 - - 8 8 39 70 2,500 2.80% 51-510-54-00-5440 TELECOMMUNICATIONS 1,453 1,446 1,495 1,998 1,558 1,550 1,555 1,545 1,619 1,634 15,853 24,500 64.71% 51-510-54-00-5452 POSTAGE&SHIPPING 3,226 583 2,760 269 1,695 683 287 1,986 316 1,964 13,769 22,000 62.59% 51-510-54-00-5460 DUES&SUBSCRIPTIONS 435 - - - - - 107 - - - 542 1,250 43.39% 51-510-54-00-5462 PROFESSIONAL SERVICES 783 1,411 1,650 2,281 1,331 3,103 272 481 1,360 2,472 15,144 6,000 252.40% 51-510-54-00-5466 LEGAL SERVICES - - - - - - - - - - - 2,000 0.00% 51-510-54-00-5480 UTILITIES 11,508 23,852 23,444 16,943 19,367 21,987 19,242 4,935 36,839 23,638 201,754 304,500 66.26% 51-510-54-00-5483 JULIE SERVICES 1,780 - - - 1,645 - - - - - 3,426 3,500 97.88% 51-510-54-00-5485 RENTAL&LEASE PURCHASE 33 33 37 33 33 29 33 33 33 33 33 363 1,000 36.30% 51-510-54-00-5495 OUTSIDE REPAIR&MAINTENANCI 485 181 684 16 37 238 1,208 2,665 2,174 7,688 10,000 76.88% 51-510-54-00-5499 BAD DEBT - - - - - - - - - - - 6,000 0.00% 51-510-56-00-5600 WEARING APPAREL 93 255 174 259 275 228 106 448 209 174 508 2,730 5,000 54.59% 51-510-56-00-5620 OPERATING SUPPLIES 793 2,563 1,969 489 433 712 2,840 425 1,953 814 12,992 20,500 63.38% 51-510-56-00-5630 SMALL TOOLS&EQUIPMENT 64 (64) - - - 29 - 75 - 10 107 220 2,000 11.02% 51-510-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - 265 - - - 90 205 - 560 1,600 35.00% 51-510-56-00-5638 TREATMENT FACILITY SUPPLIES 20 16,563 17,190 28,518 23,630 16,675 15,706 31,220 9,274 21,323 27,341 207,461 240,000 86.44% 51-510-56-00-5640 REPAIR&MAINTENANCE 59 3,335 3 - 1,665 1,694 531 53 151 - 11 7,503 9,500 78.98% 51-510-56-00-5664 METERS&PARTS 1,452 465 439 2,326 5,884 1,860 2,367 151 5,653 2,181 783 23,560 46,000 51.22% 51-510-56-00-5695 GASOLINE - 2,886 1,278 2,914 4,062 2,239 1,685 5,824 1,293 3,866 1,846 27,893 35,700 78.13% 51-510-60-00-6079 ROUTE 47 EXPANSION - - - - - - - - - - - - 96,000 0.00% 51-510-75-00-7502 GRANDE RESERVE COURT ORDER 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 22,989 252,876 275,868 91.67% 51-510-83-00-8000 PRINCIPLE PAYMENT-2007A - - - - - - - 10,000 - - - 10,000 10,000 100.00% 51-510-83-00-8050 INTEREST PAYMENT-2007A - 61,933 61,933 123,866 123,866 100.00% 51-510-85-00-8000 PRINCIPLE PMT-2002 CAP APPREC 285,000 - - 285,000 285,000 100.00% 51-510-86-00-8000 PRINCIPLE PMT-2003 DEBT CERT - - - - - 0.00% 51-510-86-00-8050 INTEREST PMT-2003 DEBT CERT 16,575 16,575 33,150 33,150 100.00% 51-510-87-00-8000 PRINCIPLE PAYMENT-2006A - - 70,000 70,000 70,000 100.00% 51-510-87-00-8050 INTEREST PAYMENT-2006A 44,253 - 44,253 88,506 88,506 100.00% 51-510-88-00-8000 PRINCIPLE PAYMENT-2005C - 90,000 90,000 90,000 100.00% 51-510-88-00-8050 INTEREST PAYMENT-2005C 38,863 - 38,863 77,725 77,725 100.00% 51-510-89-00-8000 PRINCIPLE PAYMENT-IEPA 156300 - 42,534 - 43,066 85,600 85,600 100.00% 51-510-89-00-8050 INTEREST PAYMENT-IEPA 156300 - - - 19,981 19,449 39,430 1 39,430 1 100.00% 51-510-99-00-9901 1 TRANSFER TO GENERAL 7,655 7,655 7,655 7,655 1 7,655 7,655 7,655 7,655 7,655 7,655 7,655 84,208 91,863 91.67% TOTAL FUND REVENUES _ 52,768 465,589 26,486 1 478,553 1 105,711 1 429,579 1 15,035 1 421,887 1 15,380 1 378,301 1 47,218 2,436,509 2,694,979 90.41% TOTAL FUND EXPENSES 353,135 268,835 112,610 1 189,554 1 144,283 1 104,587 1 101,585 1 448,522 1 84,809 1 195,172 1 141,497 2,144,589 2,571,858 83.39% FUND SURPLUS DEFICIT 300,367 196,755 86,124 288,999 38,572 324,992 86,550 26,635 69,428 183,129 94,279 291,920 1 123,121 10 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget SEWER FUND REVENUES 52-000-40-00-4009 PROPERTY TAXES-2004B BOND 41,414 85,240 3,236 31,806 84,046 7,468 4,778 257,989 258,650 99.74% 52-000-40-00-4013 PROPERTY TAXES-2005D BOND 221,914 456,751 17,342 170,429 450,354 40,018 25,601 1,382,408 1,385,950 99.74% 52-000-40-00-4014 PROPERTY TAXES-2008 BOND 17,627 36,281 1,378 13,538 35,773 3,179 2,034 - 109,809 110,090 99.74% 52-000-42-00-4216 BUILD PROGRAM PERMITS - - - - - - - - - 2,000 2,000 - 0.00% 52-000-44-00-4435 SEWER MAINTENANCE FEES 184 123,655 79 123,755 254 123,734 107 123,964 73 124,324 98 620,228 714,000 86.87% 52-000-44-00-4455 SW CONNECTION FEES-OPS 800 400 600 200 1,400 200 200 1 - - 1,000 4,800 5,000 1 96.00% 52-000-44-00-4456 SW CONNECTION FEES-CAPITAL 7,200 3,600 5,400 1,800 12,600 1,800 1,800 9,000 43,200 30,000 144.00% 52-000-44-00-4457 SW CONNECTION FEES-ROB ROY 294,000 - - - - - 278,000 - 572,000 600,000 95.33% 52-000-45-00-4500 INVESTMENT EARNINGS 63 129 316 322 365 488 412 89 86 66 38 2,374 1,800 131.87% 52-000-46-00-4690 REIMB-MISCELLANEOUS 155 - - - - - - - - - 155 - 0.00% TOTAL REVENUES:SEWER FUND 583,357 706,056 28,351 341,850 584,793 176,886 312,931 124,053 159 124,390 12,136 2,994 963 3,1059490 96.44% SEWER OPERATIONS EXPENSES 52-520-50-00-5010 SALARIES&WAGES 18,877 30,792 18,877 14,258 21,387 17,710 11,042 11,042 11,043 11,042 18,153 184,225 256,000 71.96% 52-520-50-00-5020 OVERTIME 76 - - 49 - - - - - - - 125 2,000 6.23% 52-520-52-00-5212 RETIREMENT PLAN CONTRIBUTION 1,802 2,928 1,795 1,361 2,034 1,684 1,050 1,050 1,064 1,064 1,750 17,584 25,000 70.33% 52-520-52-00-5214 FICA CONTRIBUTION 1,391 2,297 1,401 1,051 1,584 1,204 826 826 826 826 1,365 13,598 20,230 67.22%° 52-520-54-00-5412 TRAINING&CONFERENCES - - - - - - - - - - - - 500 0.00% 52-520-54-00-5415 TRAVEL&LODGING - - - - - - - - - - - 500 0.00% 52-520-54-00-5440 TELECOMMUNICATIONS 129 127 133 132 125 130 127 127 131 134 1,296 1,800 71.99% 52-520-54-00-5462 PROFESSIONAL SERVICES 45 237 46 604 56 144 35 2,727 153 1,572 5,621 5,000 112.42% 52-520-54-00-5480 UTILITIES 1,331 1,278 1,322 1,296 1,146 1,477 1,837 1,688 3,150 2,168 16,693 40,000 41.73% 52-520-54-00-5485 RENTAL&LEASE PURCHASE 33 33 33 33 33 33 33 33 33 33 33 363 1,000 36.30% 52-520-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - 243 684 - 541 52 26 313 1,088 2,947 4,000 73.68% 52-520-56-00-5600 WEARING APPAREL 93 144 174 259 126 228 270 152 244 174 606 2,470 2,500 98.82% 52-520-56-00-5610 OFFICE SUPPLIES 44 - - - - 450 - 24 - 519 2,000 25.93% 52-520-56-00-5613 LIFT STATION MAINTENANCE 702 1,000 2,241 3,153 7,227 - - - - 403 14,725 15,000 98.17% 52-520-56-00-5620 OPERATING SUPPLIES 425 558 806 419 154 146 122 161 359 368 3,517 4,500 78.15% 52-520-56-00-5630 SMALL TOOLS&EQUIPMENT 64 462 - - - (64) - - - 26 79 567 2,500 22.69% 52-520-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - 70 - - - - - - 70 1,200 5.83% 52-520-56-00-5640 REPAIR&MAINTENANCE 119 905 1 459 232 137 60 778 523 1,819 5,032 25,000 20.13% 52-520-56-00-5695 GASOLINE 2,886 1,278 2,914 4,062 2,185 1,685 3,235 1,293 3,866 1,846 25,250 27,300 92.49% 52-520-56-00-5699 BAD DEBT - - - - - - - - - - - 1,500 0.00% 52-520-60-00-6079 ROUTE 47 EXPANSION - - 24,600 0.00% 52-520-75-00-7500 LENNAR-RAINTREE SWR RECAP 30,996 - 30,996 30,996 100.00% 52-520-84-00-8000 PRINCIPLE PAYMENT-2004B - - 160,000 160,000 160,000 100.00% 52-520-84-00-8050 INTEREST PAYMENT-2004B 49,325 49,325 - 98,650 98,650 100.00% 52-520-90-00-8000 PRINCIPLE PAYMENT-2003IRRB - - - 95,000 95,000 95,000 100.00% 52-520-90-00-8050 INTEREST PAYMENT-2003IRRB 35,071 - 35,071 70,142 70,143 100.00% 52-520-91-00-8000 PRINCIPLE PAYMENT-2004A - - 170,000 - 170,000 170,000 100.00% 52-520-91-00-8050 INTEREST PAYMENT-2004A 12,046 12,046 24,093 24,093 100.00% 52-520-92-00-8000 PRINCIPAL 2011 REFUNDING - - - - 0.00% 52-520-92-00-8050 INTEREST 2011 REFUNDING 66,281 66,281 - 0.00% 52-520-93-00-8000 PRINCIPLE PAYMENT-2005D - - - 1,000,000 0.00% 52-520-93-00-8050 INTEREST PAYMENT-2005D 192,975 139,371 332,346 385,950 86.11% 52-520-94-00-8050 INTEREST PAYMENT-2008 REF 55,045 39,755 - 94,800 110,090 86.11% 11 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 52-520-95-00-8000 PRINCIPLE PAYMENT-IEPA 01300 18,155 18,480 36,635 36,635 100.00% 52-520-95-00-8050 INTEREST PAYMENT-IEPA 01300 1,335 - 1,010 - 2,345 2,344 100.06% 52-520-96-00-8000 PRINCIPLE PAYMENT-IEPA 115300 - 42,883 - 43,066 85,949 86,329 99.56% 52-520-96-00-8050 INTEREST PAYMENT-IEPA 115300 - - - 10,642 - - - - - - 19,449 30,091 20,721 145.22% 52-520-99-00-9901 TRANSFER TO GENERAL 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 6,920 76,125 83,045 91.67% 52-520-99-00-9952 TRANSFER TO WATER 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 6,989 76,874 83,863 91.67% TOTAL FUND REVENUES 583,357 1 706,056 1 28,351 341,850 584,793 176,886 312,931 124,053 159 124,390 12,136 E 2,994,963 3,105,490 96.44% TOTAL FUND EXPENSES 67,241 1 365,636 1 96,134 92,152 49,952 1 45,829 1 210,5161 490,583 1 183,482 1 35,595 1 107,808 E 1,744,928 1 2,919,989 1 59.76% FUND SURPLUS DEFICIT) 516,117 1 340,420 67,783 249,698 1 534,841 1 131,057 1 102,415 366,530)1 (183,323)1 88,795 1 (95,672)M 1,250,035 1 185,501 LAND CASH REVENUES 72-000-41-00-4170 1 STATE GRANTS - - - - - - 400,000 - 400,000 400,000 100.00% 72-000-47-00-4702 WHISPERING MEADOWS(K HILL) - - - - - - - - - - 0.00% 72-000-47-00-4703 AUTUMN CREEK 3,077 2,051 1,026 11,281 1,026 1,026 7.179 26,665 20,000 133.32% 72-000-47-00-4704 BLACKBERRY WOODS - - - - - - - - 500 0.00% TOTAL REVENUES:LAND CASH 3,077 2,051 1,0-2-6- 11,281 1,026 1,026 400,000 7,179 426,665 420,500 101.47% LAND CASH EXPENDITURES 72-720-60-00-6032 MOSIER HOLDING COSTS - - - 11,000 - - - - - - 11,000 11,000 100.00% 72-720-60-00-6036 RAINTREE VILLAGE 78.878 3,173 54,417 49,658 958 11,545 18,497 3,746 15,131 24 236,027 270,000 87.42% 72-720-60-00-6044 HOPKINS PARK - - - - - - - - - - 0.00% 72-720-60-00-6045 RIVERFRONT PARK - - - - - - - - - - - - 0.00% 72-720-99-00-9901 TRANSFER TO GENERAL 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 1,674 18,410 20,084 91.67% TOTAL FUND REVENUES 3,077 - 2,051 1,026 11,281 1,026 1,026 - 400,000 - 7,179 426,665 420,500 101.47% TOTAL FUND EXPENDITURES 80,552 4,847 56,091 62,331 2,632 13,219 20,170 5,419 16,805 1,674 1,698 265,438 301,084 88.16% FUND SURPLUS DEFICIT (77,475) (4,847)1 (54,040) 61,300 8,650 1 (12,193)1 (19,145)1 (5,419)1 383,195 1 (1,674)1 5,481 E 161,227 1 1199416 PARK&RECREATION REVENUES 79-000-44-00-4402 SPECIAL EVENTS - 1,320 20 - 885 3,800 510 400 - - - 6,935 - 0.00% 79-000-44-00-4403 CHILD DEVELOPMENT 5,557 3,653 400 6,089 5,727 2,193 2,404 4,580 4,829 2,473 3,469 41,372 0.00% 79-000-44-00-4404 ATHLETICS AND FITNESS 18,466 12,412 29,027 7,343 2,074 29,295 3,445 2,867 2,060 12,900 3,588 123,476 - 0.00% 79-000-44-00-4440 PROGRAM FEES 26,232 3,125 3,092 495 240 1,784 7,685 - 180 3,342 2,118 48,292 180,000 26.83% 79-000-44-00-4441 CONCESSION REVENUE 14,297 16,042 3,906 613 1,838 - - - - - 36,696 30,000 122.32% 79-000-44-00-4443 HOMETOWN DAYS 4,250 350 3,660 12,242 70,352 10,107 1 100,960 135,000 74.79% 79-000-45-00-4500 INVESTMENT EARNINGS 12 14 10 9 7 8 15 20 21 19 20 155 300 51.63% 79-000-46-00-4690 REIMB-MISCELLANEOUS 2,916 70 - 350 - - - - - - - 3,336 - 0.00% 79-000-48-00-4820 RENTAL INCOME 38,944 400 1,250 (300) (1,764) (590) 250 250 250 15,250 275 54,215 86,000 63.04% 79-000-48-00-4825 PARK RENTALS 14,374 6,681 (215) 1,026 1,500 1,477 35 - - - 2,250 27,128 - 0.00% 79-000-48-00-4846 SPONSORSHIPS/DONANTIONS 490 200 - 804 315 220 270 670 630 - 580 1 4,179 11,200 37.31% 79-000-48-00-4850 MISCELLANEOUS INCOME 18 486 1,376 180 638 40 - - - 846 252 3,836 500 767.10% 79-000-49-00-4901 TRANSFER FROM GENERAL 61,059 61,059 61,059 61,059 61,059 61,059 65,059 61,059 61,059 61,059 61,059 E 675,651 732,710 92.21% TOTAL REVENUES:PARK&RECREATION 186,615 105,812 103,585 89,909 142,870 109,392 79,673 69,846 69,029 95,888 73,611 E 1,126,230 1,175,710 95.79% PARKS DEPARTMENT EXPENDITURES 79-790-50-00-5010 ISALARIES&WAGES 28,371 1 27,641 1 27,664 1 28,899 1 42,348 1 29,096 1 27,789 1 27,749 1 27,699 1 27,699 1 41,549 0 336,505 1 370,000 1 90.95% 12 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-1 1 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 I March-12 Totals BUDGET %of Budget 79-790-50-00-5015 PART-TIME SALARIES 763 4,309 4,698 4,204 2,961 - - 16,934 17,000 99.61% 79-790-50-00-5020 OVERTIME - - - - - - 30 - - - 20 50 3,000 1.67% 79-790-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 2,698 2,629 2,631 2,763 4,042 2,781 2,660 2,653 2,685 2,685 4,022 32,247 37,730 85.47% 79-790-52-00-5214 FICA CONTRIBUTION 2,164 2,379 2,411 2,479 3,407 2,172 2,076 2,069 2,067 2,068 3,122 26,414 30,000 88.05% 79-790-54-00-5412 TRAINING&CONFERENCES - 100 - - - - 1,535 - 935 - 30 2,600 2,600 100.00% 79-790-54-00-5415 TRAVEL&LODGING - - - - - 144 - - - 188 332 750 44.31% 79-790-54-00-5440 TELECOMMUNICATIONS 323 251 191 349 315 288 1 329 329 (73) 337 2,640 3,780 69.84% 79-790-54-00-5462 PROFESSIONAL SERVICES - 49 - 46 245 183 - - 186 45 754 4,500 16.76% 79-790-54-00-5466 LEGAL SERVICES - - 555 416 196 (196) - 416 185 - - 1,573 4,000 39.31% 79-790-54-00-5485 RENTAL&LEASE PURCHASE 178 178 25 320 178 178 178 178 221 (1,424) - 211 2,500 8.42% 79-790-56-00-5600 WEARING APPAREL - 336 317 155 155 229 320 124 581 862 575 3,655 4,100 89.15% 79-790-56-00-5610 OFFICE SUPPLIES 47 - - - 75 - - 171 - - 293 300 97.72% 79-790-56-00-5620 OPERATING SUPPLIES 3,417 604 379 3,021 2,018 4,540 572 286 99 7,144 22,080 22,500 98.13% 79-790-56-00-5630 SMALL TOOLS&EQUIPMENT - 10 34 - 30 183 - 240 70 165 731 2,250 32.51% 79-790-56-00-5635 COMPUTER EQUIPMENT&SOFTW - - - - - - - - - - - 500 0.00% 79-790-56-00-5640 REPAIR&MAINTENANCE - 11,588 6,051 1,075 1,818 1,434 11,227 1,257 7,323 1,884 2,625 46,282 48,000 96.42% TOTAL EXPENDITURES:PARKS DEPT 34,174 52,947 45,267 40,914 58,520 38,378 51,152 35,348 42,723 34,056 59,821 493,301 553,510 89.12% RECREATION DEPARTMENT EXPENDITURES 79-795-50-00-5010 SALARIES&WAGES 14,458 16,152 14,692 14,692 22,037 14,692 15,442 14,692 14,692 14,692 25,872 182,109 190,000 95.85% 79-795-50-00-5015 PART-TIME SALARIES 1,406 637 1,773 1,360 1,745 1,385 1,703 1,649 949 1,275 2,121 16,002 25,000 64.01% 79-795-50-00-5020 OVERTIME - - - - - - - - - - - - 300 0.00% 79-795-50-00-5045 CONCESSION WAGES 2,868 3,059 2,522 - 2,217 - - - - - - 10,665 12,500 85.32% 79-795-50-00-5046 PRE-SCHOOL WAGES 3,410 1,557 13 10 3,033 1,795 1,970 1,930 1,690 1,890 3,055 20,353 25,000 81.41% 79-795-50-00-5052 INSTRUCTORS WAGES 1,195 2,182 2,115 1,004 1,498 1,611 1,618 482 1 511 1,082 2,618 15,915 25,000 63.66% 79-795-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,768 1,939 1,712 1,547 2,581 1,702 1,827 1,728 1,675 1,732 3,016 21,227 22,000 96.49% 79-795-52-00-5214 FICA CONTRIBUTION 1,763 1,794 1,563 1,242 2,255 1,427 1,523 1,371 1,286 1,370 2,472 18,066 20,000 90.33% 79-795-54-00-5412 TRAINING&CONFERENCES - - - - 150 - - - 220 - 120 490 2,000 24.50% 79-795-54-00-5415 TRAVEL&LODGING - - - - - 10 348 358 1,000 35.83% 79-795-54-00-5426 PUBLISHING&ADVERTISING - - 8,289 - - - 8,304 - 192 - 16,786 27,000 62.17% 79-795-54-00-5440 TELECOMMUNICATIONS 253 251 224 268 (133) 163 227 249 655 228 2,386 4,300 55.48% 79-795-54-00-5447 SCHOLARSHIPS - - - - - - - - 143 42 185 1,000 18.50% 79-795-54-00-5452 POSTAGE&SHIPPING - - 177 800 - 147 800 - 257 - - 2,181 8,000 27.27% 79-795-54-00-5462 PROFESSIONAL SERVICES 2,278 5,479 18,245 6,521 3,995 4,827 4,947 4,005 4,669 6,757 3,916 65,637 47,000 139.65% 79-795-54-00-5480 UTILITIES - 1,811 1,014 965 749 338 752 614 - 1,419 809 8,472 22,000 38.51% 79-795-54-00-5485 RENTAL&LEASE PURCHASE - 25 - - 20 25 - - 1,663 210 1,943 4,500 43.17% 79-795-54-00-5490 DUES&SUBSCRIPTIONS - - - 162 1,100 - - 1,262 1,500 84.13% 79-795-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - - 106 - - - - - - - 106 1,000 10.57% 79-795-54-00-5496 PROGRAM REFUNDS 480 1,005 1,452 1,480 1,156 329 288 203 751 950 715 8,809 7,000 125.84% 79-795-56-00-5602 HOMETOWN DAYS SUPPLIES 1,629 - 34,015 19,098 23,528 6,612 - 100 - - - 84,982 1 100,000 84.98% 79-795-56-00-5606 PROGRAM SUPPLIES 2,500 2,797 2,359 851 3,350 624 3,857 5,542 1 96 7,856 4,286 34,117 55,000 62.03% 79-795-56-00-5607 CONCESSION SUPPLIES 1,561 4,882 4,832 215 - 35 - - 350 - 11,875 18,000 65.97% 79-795-56-00-5610 OFFICE SUPPLIES 120 70 - 158 63 33 427 116 - 150 1,138 3,000 37.93% 79-795-56-00-5620 OPERATING SUPPLIES 966 1,121 244 969 438 400 747 80 80 1 1 1 87 5,243 5,500 95.32% 79-795-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - - - - - - - 2,000 0.00% 79-795-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - 1,446 - 1,446 500 289.20% 79-795-56-00-5640 REPAIR&MAINTENANCE 34 (34) 179 111 99 19 139 52 899 2,000 44.95% 79-795-56-00-5645 BOOKS&PUBLICATIONS - - - - 100 0.00% 79-795-56-00-5690 SUPPLIES-GRANT REIMBURSABLI 1.00% 13 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of iscalYear 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date I ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET I %of Budget 79-795-56-00-5695 IGASOLINE - 44 1 81 1 84 1 72 1 340 1 - 135 1 31 31 1 42 860 1 3,000 1 28.67% TOTAL EXPENDITURES:RECREATION DEPT 36,403 44,816 87,084 59,580 69,313 37,739 36,249 41,576 28,275 42,316 50,160 533,511 635,700 83.92% TOTAL FUND REVENUES 186,615 105,812 103,585 89,909 142,870 109,392 79,673 69,846 69,029 95,888 73,611 1,126,230 1,175,710 95.79% TOTAL FUND EXPENDITURES 70,577 97,763 132,351 100,494 127,833 76,117 87,401 76,924 70,998 76,373 109,981 1,026,811 1,189,210 86.34% FUND SURPLUS EFICIT 116,039 1 8,049 28,767 10,585 15,038 1 33,275 7,729 7,078 1,969 19,515 36,370 99,418 13,500 RECREATION CENTER REVENUES 80-000-44-00-4440 PROGRAM FEES 7,814 4,553 2,680 9,804 7,313 6,771 13,391 7,895 9,507 9,900 11,188 90,815 125,000 72.65% 80-000-44-00-4441 CONCESSION REVENUE 975 900 813 868 704 602 643 855 1,057 1,128 1,117 9,660 12,500 77.28% 80-000-44-00-4444 MEMBERSHIP FEES 42,167 41,211 36,594 36,534 36,527 35,059 37,103 41,121 45,357 38,722 37,252 427,647 410,000 104.30% 80-000-44-00-4445 GUEST FEES 580 723 776 518 598 601 696 771 789 931 1,210 8,193 3,500 234.09% 80-000-44-00-4446 SWIM CLASS FEES 5,577 6,106 2,744 2,472 1,136 874 1,164 1,585 2,417 2,604 2,507 29,185 35,000 83.39% 80-000-44-00-4447 PERSONAL TRAINING FEES 336 816 308 1,044 - 36 52 257 1,439 - 622 4,910 15,000 32.73% 80-000-44-00-4448 TANNING SESSION FEES 575 129 160 108 115 70 123 198 253 190 255 2,176 2,500 87.02% 80-000-48-00-4820 RENTAL INCOME 6 31 299 174 1,118 2,049 1,106 919 2,396 3,522 888 12,507 5,000 250.13% 80-000-48-00-4845 DONATIONS 230 - - 295 - - 135 100 - - - 760 2,000 38.00% 80-000-48-00-4850 MISCELLANEOUS INCOME 37 1 32 1 5 1 17 1 6 1 22 1 1 5 37 4 1 90 253 1 500 1 50.60% TOTAL REVENUES:RECREATION CTR REVENUES 58,296 54,501 44,378 51,834 47,517 46,083 54,413 53,706 63,251 57,000 55,128 586,105 611,000 95.93% RECREATION CENTER EXPENSES 80-800-50-00-5010 SALARIES&WAGES 2,631 4,509 2,000 2,000 3,000 2,000 2,000 2,000 2,000 2,000 3,000 27,140 34,200 79.36% 80-800-50-00-5015 PART-TIME SALARIES 7,934 8,337 6,533 6,872 10,009 6,037 6,688 6,502 6,611 6,410 9,945 81,877 98,000 83.55%° 80-800-50-00-5020 OVERTIME - - - - - - - - - - - - 500 0.00% 80-800-50-00-5046 PRE-SCHOOL WAGES 4,092 105 86 148 4,710 3,335 3,271 3,120 2,456 3,385 4,865 29,571 35,000 84.49% 80-800-50-00-5052 INSTRUCTORS WAGES 3,555 4,350 4,488 5,394 6,351 2,940 4,680 2,786 4,175 4,217 6,825 49,759 65,000 76.55% 80-800-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,043 956 562 504 1,038 737 856 798 703 922 1,368 9,487 10,000 94.87% 80-800-52-00-5214 FICA CONTRIBUTION 1,382 1,318 1,003 1,107 1,849 1,103 1,281 1,110 1,174 1,233 1,893 14,451 17,708 81.61% 80-800-54-00-5415 TRAVEL&LODGING - - - - - - - - - - - - 200 0.00% 80-800-54-00-5426 PUBLISHING&ADVERTISING - - - - - - - - 192 - 192 1,500 12.80% 80-800-54-00-5440 TELECOMMUNICATIONS 394 358 363 369 (230) 242 288 298 279 281 2,640 3,600 73.34% 80-800-54-00-5447 SCHOLARSHIPS - - - - - - - - - - - 900 0.00% 80-800-54-00-5452 POSTAGE&SHIPPING - - - - - - - - - - - - 600 0.00% 80-800-54-00-5462 PROFESSIONAL SERVICES 853 3,090 1,553 1,064 868 922 1,556 807 841 878 955 13,387 17,700 75.63% 80-800-54-00-5480 UTILITIES - 3,746 3,657 5,388 4,135 123 6,220 736 3,606 8,499 2,298 38,408 49,000 78.38% 80-800-54-00-5485 RENTAL&LEASE PURCHASE 36,198 18,198 19,050 18,698 18,764 18,581 18,765 18,698 18,741 18,798 18,730 223,222 226,500 98.55% 80-800-54-00-5490 DUES&SUBSCRIPTIONS - - - 114 - - - - - - - 114 200 57.20% 80-800-54-00-5495 OUTSIDE REPAIR&MAINTENANC - - 361 447 - - - 527 315 35,096 794 37,540 21,200 177.07% 80-800-54-00-5496 PROGRAM REFUNDS 318 664 434 693 133 333 436 450 305 338 328 4,431 5,500 80.56% 80-800-54-00-5497 PROPERTY TAX PAYMENT 30,751 - 30,751 - - - - - - - - 61,503 53,680 114.57% 80-800-56-00-5606 PROGRAM SUPPLIES 37 611 1,307 307 935 826 3,976 260 779 781 612 10,431 17,000 61.36% 80-800-56-00-5607 CONCESSION SUPPLIES - 889 468 879 238 251 534 319 281 1,140 669 5,667 6,300 89.95% 80-800-56-00-5610 OFFICE SUPPLIES - 37 46 158 - 75 427 116 - 33 - 892 2,600 34.29% 80-800-56-00-5620 OPERATING SUPPLIES 287 270 957 296 291 990 519 582 1,296 670 224 6,382 6,200 102.93% 80-800-56-00-5630 SMALL TOOLS&EQUIPMENT - - - - - - - - - - - - 6,300 0.00% 80-800-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE - - - - 1,000 - - - - 1,000 1,000 100.00% 80-800-56-00-5640 REPAIR&MAINTENANCE 362 701 996 422 318 119 547 1,984 1,927 7,376 11,000 1 67.06% 80-800-56-00-5645 BOOKS&PUBLICATIONS - - - - - - 30 30 50 59.90% 14 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION JL May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 80-800-56-00-5695 IGASOLEIIE 44 1 81 1 84 1 72 282 300 1 93.84% TOTAL FUND REVENUES 58,296 54,501 44,378 1 51,834 1 47,517 46,083 54,413 53,706 63,251 57,000 55,128 586,105 611,000 95.93% TOTAL FUND EXPENSES 89,079 47,882 74,394 1 45,514 1 53,184 39,339 51,570 39,100 44,126 86,853 54,742 625,783 691,738 90.47% FUND SURPLUS EFICIT (30,783)1 6,620 (30,016)1 6,320 1 (5,667)1 6,744 1 2,843 1 14,606 1 19,124 1 (29,854) 386 39,677 (80,738) LIBRARY OPERATIONS REVENUES 82-000-40-00-4005 PROPERTY TAXES-LIBRARY 108,080 222,457 8,329 82,993 219,338 19,487 12,461 - - - 673,145 675,000 99.73% 82-000-40-00-4012 PROPERTY TAXES-FOX IND TIF - - - - - - - - 19,331 - 19,331 - 0.00% 82-000-41-00-4120 PERSONAL PROPERTY TAX 755 700 175 1,170 169 720 201 3,891 5,000 77.82% 82-000-41-00-4170 STATE GRANTS - - - - - - 17,231 - - - 17,231 17,200 100.18% 82-000-42-00-4211 DEVELOPMENT FEES-BOOKS 875 - - 2,175 - 3,975 250 - - 325 - 7,600 8,000 95.00% 82-000-43-00-4330 LIBRARY FINES 1,397 1,377 1,053 1,310 1,052 990 980 527 1,069 995 1,044 11,793 13,000 90.72% 82-000-44-00-4401 LIBRARY SUBSCRIPTION CARDS 1,306 1,234 627 1,313 1,457 424 515 592 865 1,265 373 9,970 8,000 124.62% 82-000-44-00-4422 COPY FEES 320 332 347 263 328 258 171 183 321 264 203 2,990 3,000 99.66% 82-000-44-00-4440 PROGRAM FEES 20 23 - 20 - - 47 - - - - 110 2,000 5.50% 82-000-45-00-4500 INVESTMENT EARNINGS 1 7 10 9 13 20 19 27 35 83 87 312 250 124.96% 82-000-48-00-4820 RENTAL INCOME 111 140 185 320 217 489 151 112 167 261 320 2,473 1,500 164.87% 82-000-48-00-4824 DVD RENTAL INCOME 441 601 458 560 387 434 444 348 415 420 518 5,025 4,000 125.63% 82-000-48-00-4832 MEMORIALS 1,000 400 - 1,120 161 1,065 - 130 411 110 1,723 6,119 - 0.00% 82-000-48-00-4850 MISCELLANEOUS INCOME 7 40 72 62 133 130 17 48 110 49 48 716 0.00% 82-000-48-00-4881 SALE OF BOOKS 0.00% 82-000-49-00-4901 TRANSFER FROM GENERAL 328,644 500 329,144 332,500 0.00% TOTAL REVENUES:LIBRARY 113,557 227,366 11,780 90,321 223,086 357,086 15,055 19,366 23,442 4,273 4,518 1,089,851 1,069,450 101.910% LIBRARY OPERATIONS EXPENDITURES 82-820-50-00-5010 SALARIES&WAGES 18,661 19,302 18,707 18,707 28,060 18,707 18,707 18,707 18,707 18,707 28,060 225,030 241,000 93.37% 82-820-50-00-5015 PART-TIME SALARIES 16,163 14,802 14,474 15,031 21,905 14,819 14,414 13,869 12,786 14,420 20,404 173,087 193,000 89.68% 82-820-52-00-5212 RETIREMENT PLAN CONTRIBUTIO 1,775 1,836 1,779 1,779 2,669 1,779 1,779 1,779 1,803 1,803 2,705 21,485 22,500 95.49% 82-820-52-00-5214 FICA CONTRIBUTION 2,608 2,553 2,483 2,525 3,767 2,509 2,478 2,436 2,354 2,485 3,648 29,848 40,000 74.62% 82-820-52-00-5216 GROUP HEALTH INSURANCE - 7,295 7,295 - 14,590 7,295 7,295 7,295 7,295 7,295 6,893 72,548 87,975 82.46% 82-820-52-00-5222 GROUP LIFE INSURANCE 63 63 - 127 63 63 63 63 63 63 634 1,000 63.35% 82-820-52-00-5223 DENTAL&VISION INSURANCE 575 575 - 1,151 575 575 575 575 575 523 5,702 6,950 82.04% 82-820-54-00-5412 TRAINING&CONFERENCES - - - - - - - - - - - 0.00% 82-820-54-00-5415 TRAVEL&LODGING 77 41 118 500 23.55% 82-820-54-00-5423 PUBLIC RELATIONS - - 0.00% 82-820-54-00-5426 PUBLISHING&ADVERTISING - - - - - - - - - - - 100 0.00% 82-820-54-00-5440 TELECOMMUNICATIONS 694 705 699 700 702 709 724 724 732 728 7,115 8,500 83.70% 82-820-54-00-5452 POSTAGE&SHIPPING - - - - - - 27 - 198 11 236 2,000 11.78% 82-820-54-00-5460 DUES&SUBSCRIPTIONS - - (234) 195 - 2,286 4,010 995 195 - 7,447 14,000 53.19% 82-820-54-00-5462 PROFESSIONAL SERVICES 1,746 1,960 2,444 2,820 1,638 1,349 2,922 1,484 6,712 1,101 24,177 29,000 83.37% 82-820-54-00-5466 LEGAL SERVICES - - - - - - - - - - - 2,000 0.00% 82-820-54-00-5468 AUTOMATION 7 4,247 214 7 3,393 - 16,956 3,385 - 28,210 30,000 94.03% 82-820-54-00-5480 UTILITIES 582 276 283 236 614 540 1,086 1,364 1,785 6,766 15,000 45.11% 82-820-54-00-5485 RENTAL&LEASE PURCHASE - - - - - - - - - - - 0.00% 82-820-54-00-5495 OUTSIDE REPAIR&MAINTENANC - 139 1 1,594 1 444 11394 192 3,764 1 4,000 94.09% 82-820-56-00-5610 OFFICE SUPPLIES 1,053 433 644 674 191 174 440 - 3,609 8,000 45.12% 82-820-56-00-5620 OPERATING SUPPLIES 631 579 248 469 238 706 308 994 4,173 9,000 46.37% 15 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget 82-820-56-00-5635 COMPUTER EQUIPMENT&SOFTWARE 0.00% 82-820-56-00-5640 REPAIR&MAINTENANCE - - - 0.00% 82-820-56-00-5671 LIBRARY PROGRAMMING 162 8 9 45 225 2,000 11.23% 82-820-56-00-5676 EMPLOYEE RECOGNITION - - - 0.00% 82-820-56-00-5680 ADULT BOOKS - 0.00% 82-820-56-00-5681 JUVENILE BOOKS - 0.00% 82-820-56-00-5682 REFERENCE BOOKS - 0.00% 82-820-56-00-5683 AUDIO BOOKS 0.00% 82-820-56-00-5684 COMPACT DISCS&OTHER MUSIC - - - - - 0.00% 82-820-56-00-5685 DVD'S - - - 115 - - 354 277 746 2,000 37.28% 82-820-56-00-5686 BOOKS-DEVELOPMENT FEES 143 - 905 807 473 157 95 425 632 3,637 8,000 45.46% 82-820-56-00-5698 MEMORIALS&GIFTS 453 485 154 374 881 400 244 242 349 3,583 - 0.00% 82-820-56-00-5699 MISCELLANEOUS 38 1 - - - - - - - - 38 250 15.29% 82-820-70-00-7799 CONTINGENCIES 30 94 124 1,000 12.35% 82-820-99-00-9984 TRANSFER TO LIBRARY DVLP 332,519 - 332,519 332,500 100.01% TOTAL FUND REVENUES 113,557 227,366 11,780 90,321 223,086 357,086 15,055 19,366 23,442 4,273 4,518 1,089,851 1,069,450 101.91% TOTAL FUND EXPENDITURES 39,207 50,713 49,851 378,509 78,445 52,219 56,487 54,402 67,044 59,728 68,215 954,818 1,060,275 90.05% FUND SURPLUS EFICIT 74,351 1 176,654 38,071 288,187 144,641 1 304,867 41,432 35,036 43,601 55,455 63,697 135,033 1 9,175 LIBRARY DEBT SERVICE REVENUES 83-000-40-00-4015 IPROPERTY TAXES 115,416 237,557 8,894 88,627 234,227 20,810 13,307 718,839 720,800 99.73% 83-000-45-00-4500 1INVESTMENT EARNINGS - 8 6 8 13 25 40 32 7 - 140 - 0.00% TOTAL REVENUES:LIBRARY DEBT SERVICE 115,416 237,565 8,900 88,635 234,240 20,836 13,347 32 7 - 718,978 720,800 99.73% LIBRARY DEBT SERVICE EXPENDITURES 83-830-83-00-8000 1PRINCIPLE PAYMENT-2005B - - 175,000 175,000 175,000 100.00% 83-830-83-00-8050 INTEREST PAYMENT-2005B 158,063 158,063 316,125 316,125 100.00% 83-830-84-00-8000 PRINCIPLE PAYMENT-2006 - 175,000 175,000 175,000 100.00% 83-830-84-00-8050 INTEREST PAYMENT-2006 - 27,338 27,338 54,675 54,675 100.00% TOTAL FUND REVENUES E 115,4161 237,565 1 8,9001 88,635 1 234,240 1 20,836 1 13,347 1 32 7 A 718,978 720,800 99.75% TOTAL FUND EXPENDITURES - 185,400 - - - - - 535,400 720,800 720,800 100.00% FUND SURPLUS(DEFICIT) 115,416 52,165 8,900 88,635 234,240 20,836 13,347 (535,368) 7 - (1,822) - LIBRARY CAPITAL REVENUES 84-000-42-00-4212 DEVELOPMENT FEES 875 - - 21175 - 3,975 250 325 7,600 8,000 95.00% 84-000-45-00-4500 INVESTMENT EARNINGS 13 12 13 14 14 4 - - 0 71 500 14.13% 84-000-49-00-4982 TRANSFER FROM LIBRARY OPS - 332,519 - - - 332,519 332,500 100.01% TOTAL REVENUES:LIBRARY CAPITAL 888 12 13 334 708 14 3,979 250 325 0 340,189 341,000 209.13% LIBRARY CAPITAL EXPENDITURES 84-840-60-00-6020 IBUILDINGS AND STRUCTURES 3,130 - 7,835 1 - 10,965 1 4,000 1 274.13% 84-840-99-00-9901 1 TRANSFER TO GENERAL - I I - 328,644 500 329,144 332,500 98.99% TOTAL FUND REVENUES 888 1 12 1 13 1 334,708 14 1 3,979 250 - 325 0 340,189 341,000 99.76% TOTAL FUND EXPENDITURES 3,1301 - 7,835 1 328,644 1 - - 500 340,109 336,500 101.07% FUND SURPLUS(DEFICIT) 0 888 1 (3,118)1 13 1 334,708 1 (7,821) (324,665) 250 1 (175) 0 1 80 4,500 16 UNITED CITY OF YORKVILLE BUDGET REPORT FOR THE PERIOD ENDING MARCH 31,2012 itACTUALS BY MONTH(Cash Basis) %of Fiscal Year 8% 17% 25% 33% 42% 50% 58% 67% 75% 83% 92% Year-to-Date ANNUAL ACCOUNT NUMBER DESCRIPTION May-11 June-11 July-11 August-11 September-11 October-11 November-11 December-11 January-12 February-12 March-12 Totals BUDGET %of Budget FOX INDUSTRIAL TIF REVENUES 85-000-40-00-4085 IPROPERTY TAXES-FOX IND 22,1141 111,3271 6,311 1 9,005 1 103,4121 1,0451 5,837 1 259,052 1 0.00% 85-000-45-00-4500 JINVESTMENT EARNINGS 151 21 1 45 1 47 1 47 1 55 1 45 1 275 1 0.00% TOTAL REVENUES:FOX INDUSTRIAL TIF 22,1301 111,3491 6,356 1 9,052 1 103,459 1 1,1001 5,882 1 259,327 1 0.00% FOX INDUSTRIAL TIF EXPENDITURES 85-850-54-00-5420 ADMINISTRATIVE FEES - 214 - 907 74 1,138 1,232 3,565 0.00% 85-850-56-00-5619 SIGNS - - - 6,050 11,236 (6,050) 11,236 0.00% 85-850-98-00-8000 PRINCIPLE PAYMENT-2002 - - 70,000 - - 70,000 0.00% 85-850-98-00-8050 INTEREST PAYMENT-2002 3391 - 3,391 - - 6,783 0.00% 85-850-99-00-9942 TRANSFER TO DEBT SERVICE - 78,563 214 - 78,777 0.00% 85-850-99-00-9999 1 TIF LIQUIDATION TRANSFER 658,757 1 658,757 020% TOTAL FUND REVENUES 22,130 1 111,349 1 6,356 1 9,052 1 103,459 1 1,100 1 5,882 1 i - - 259,327 - 0.00% TOTAL FUND EXPENDITURES 3,391 214 907 74 1 85,750 1 86,074 1 652,707 1 829,116 - 0.00% FUND SURPLUS(DEFICIT) 18,738 111,135 6,356 1 8,145 103,385 1 (84,651) (80,191) (652,707) - - (5699790) - COUNTRYSIDE TIF REVENUES 87-000-40-00-4087 IPROPERTY TAXES-CNTRYSDE - - - - - 4,188 0 - 4,188 6,250 67.02% 87-000-45-00-4500 1 INVESTMENT EARNINGS 37 106 288 288 285 273 223 307 237 218 235 2,496 4,000 62.41% TOTAL REVENUES:COUNTRYSIDE TIF 37 106 288 288 285 4,461 223 307 237 218 235 6,685 10,250 129.42% COUNTRYSIDE TIF EXPENDITURES 87-870-54-00-5420 JADMINISTRATIVE FEES 93 - - - 185 409 - - - - 687 1,000 68.67% 87-870-54-00-5498 PAYING AGENT FEES - - - 375 375 400 93.63% 87-870-80-00-8000 PRINCIPLE PAYMENT-2005 - 175,000 - 175,000 175,000 100.00% 87-870-80-00-8050 INTEREST PAYMENT-2005 65.571 - - - - - 65,571 - - - - 131,143 131,143 100.00% TOTAL FUND REVENUES 37 106 288 1 288 285 1 4,461 1 223 1 307 1 237 1 218 1 235 6,685 1 10,250 1 65.22% TOTAL FUND EXPENDITURES m 65,571 1 93 - 1851 240,980 1 - - I - 1 375 E 307,204 1 307,543 1 99.89% FUND SURPLUS(DEFICIT) E (6-5,535)j 13 1 288 1 288 1 285 1 4,276 1 (240,757)1 3117 237 1 218 1 (139) (300,519) (297,293) DOWNTOWN TIF REVENUES 88-000-40-00-4088 IPROPERTY TAXES-DOWNTOWN TI 4,450 38,640 1,232 923 19,054 1,688 1,821 67,807 88,550 76.58% 88-000-45-00-4500 1 INVESTMENT EARNINGS 6 7 15 15 15 1 19 1 161 9 9 7 4 123 - 0.00% TOTAL REVENUES:DOWNTOWN TIF 4,455 38,647 1,247 939 19,069 1 1,707 1 1,8371 9 9 7 4 67,930 88,550 76.71% DOWNTOWN TIF EXPENDITURES 88-880-54-00-5420 ADMINISTRATIVE FEES - 879 370 555 1,314 1,203 779 (4,782) - 49 366 1,500 24.38% 88-880-54-00-5466 LEGAL SERVICES - - - - - - 5,097 1,967 3,127 10,190 10,000 101.90% 88-880-60-00-6000 PROJECT COSTS - - 36 36 10,000 0.36% 88-880-60-00-6079 ROUTE 47 EXPANSION - - - - - - - - - 515,340 0.00% TOTAL FUND REVENUES 4,455 1 38,647 1 1,247 1 939 1 19,069 1 1,707 1 1,837 9 9 1 7 1 4 67,930 1 88,550 1 76.71% TOTAL FUND EXPENDITURES E - 879 370 555 1,314 1 1,203 1 779 315 1 1,967 1 3,212 10,591 1 536,840 1 1.97% FUND SURPLUS DEFICIT 4,455 37,769 877 384 17,755 1 504 1 1,058 1 (306) 9 1 (1,960) (3,208)M 57,339 1 (448,290) 17 UNITED CITY OF YORKVILLE STATEMENT OF GENERAL FUND REVENUES, EXPENDITURES AND TRANSFERS For the Period Ending March 31, 2012 * % of March YTD YTD to FY 2012 Actual Actual Budget Budget Revenues Local Taxes Property Taxes - 2,709,935 101.6% 2,665,964 Municipal Sales Tax 241,599 2,379,905 93.3% 2,550,000 Non-Home Rule Sales Tax - - 0.0% - Electric Utility Tax 131,300 591,849 100.0% 591,600 Natural Gas Tax 65,454 262,188 90.2% 290,700 Telecommunications/Telephone Utility Tax 38,987 469,099 87.6% 535,500 Cable Franchise Fees 45,321 226,286 110.9% 204,000 Hotel Tax 3,200 46,840 153.1% 30,600 Amusement Tax 290 118,430 88.4% 134,000 Admissions Tax - 190,627 100.3% 190,000 Business District Tax 42,873 282,546 94.2% 300,000 Auto Rental Tax 891 8,837 123.8% 7,140 Para Mutuel Tax - 21,033 140.2% 15,000 Total Taxes 569,914 7,307,574 97.2% 7,514,504 Intergovernmental State Income Tax 137,624 1,122,084 83.7% 1,340,000 Local Use Tax 30,735 228,971 109.0% 210,000 Road&Bridge Tax - 166,896 101.6% 164,296 Personal Property Replacement Tax 607 12,496 96.1% 13,000 Other Intergovernmental 987 19,306 172.4% 11,200 Total Intergovernmental 169,953 1,549,753 89.1% 1,738,496 Licenses and Permits Liquor Licenses 7,550 12,087 30.2% 40,000 Building Permits - 122,400 100.0% 122,400 Other Licenses &Permits 374 4,593 141.3% 3,250 Total Licenses & Permits 7,924 139,080 84.0% 165,650 Fines and Forfeits Traffic Fines 7,081 70,029 73.7% 95,000 Administrative Adjudication 2,643 22,544 75.1% 30,000 Police Tows 7,500 76,750 85.3% 90,000 Total Fines and Forfeits 17,224 169,323 78.8% 215,000 18 UNITED CITY OF YORKVILLE STATEMENT OF GENERAL FUND REVENUES, EXPENDITURES AND TRANSFERS For the Period Ending March 31, 2012 * % of March YTD YTD to FY 2012 Actual Actual Budget Budget Charges for Services Garbage Surcharge 164 1,026,338 87.3% 1,175,000 Collection Fee - YBSD - - 0.0% 123,932 Other Services - 510 10.2% 5,000 Total Charges for Services 164 1,026,848 78.8% 1,303,932 Investment Earnings 583 4,554 227.7% 2,000 Reimb/Miscellaneous/Other Financing Sources Reimb - Legal Expenses 739 27,839 232.0% 12,000 Reimb - Engineering Expenses 3,561 11,528 0.0% - Reimb - Traffic Signal - 28,582 190.5% 15,000 Reimb - Health Ins Contributions 21,478 239,449 90.4% 264,800 Other Reimbursements 283 93,681 191.2% 49,000 Rental Income 890 7,960 88.4% 9,000 Miscellaneous Income - 1,942 27.7% 7,000 Transfers In 16,249 507,887 96.3% 527,492 Total Miscellaneous 43,200 918,867 103.9% 884,292 Total Revenues and Transfers 808,962 11,116,000 94.0% 11,823,874 Expenditures Administration 48,090 424,108 86.6% 489,551 Salaries 33,496 280,476 102.6% 273,395 Benefits 5,448 44,721 99.1% 45,106 Contractual Services 8,794 91,661 59.1% 155,100 Supplies 353 7,250 45.5% 15,950 Finance 22,880 262,042 81.8% 320,505 Salaries 19,218 156,810 89.6% 175,000 Benefits 3,354 27,243 89.3% 30,505 Contractual Services 299 74,901 68.6% 109,250 Supplies 9 3,087 53.7% 5,750 Community Relations - 333 100.0% 333 Salaries - - 0.0% - Benefits - - 0.0% - Contractual Services - 333 100.0% 333 Supplies - - 0.0% - 19 UNITED CITY OF YORKVILLE STATEMENT OF GENERAL FUND REVENUES, EXPENDITURES AND TRANSFERS For the Period Ending March 31, 2012 * % of March YTD YTD to FY 2012 Actual Actual Budget Budget Engineering 137 95,689 37.8% 253,136 Salaries - 78,123 45.3% 172,500 Benefits - 13,348 44.9% 29,736 Contractual Services 137 4,211 10.0% 42,100 Supplies - 7 0.1% 8,800 Police 261,875 2,614,218 86.6% 3,018,230 Salaries 222,194 1,783,715 86.9% 2,052,500 Overtime 3,387 86,795 115.7% 75,000 Benefits 17,965 509,015 90.7% 560,900 Contractual Services 12,014 138,205 72.7% 190,010 Supplies 6,315 96,486 69.0% 139,820 Community Development 26,168 288,849 76.9% 375,610 Salaries 19,948 175,334 73.1% 240,000 Benefits 3,407 29,247 65.7% 44,535 Contractual Services 870 80,867 95.8% 84,450 Supplies 1,943 3,400 51.3% 6,625 PW- Street Ops & Sanitation 145,251 1,437,967 80.0% 1,796,870 Salaries 29,065 233,081 86.3% 270,000 Overtime 1,445 6,416 42.8% 15,000 Benefits 5,222 40,685 76.0% 53,500 Contractual Services 106,528 1,087,864 81.4% 1,336,020 Supplies 2,992 69,052 58.3% 118,350 Capital Outlay - 869 21.7% 4,000 Administrative Services 483,661 4,620,909 96.2% 4,805,757 Salaries - 350 7.0% 5,000 Benefits 126,512 1,694,742 97.2% 1,743,350 Contractual Services 277,028 1,656,359 97.8% 1,693,840 Supplies - 2,910 58.2% 5,000 Contingencies - 52,075 80.6% 64,617 Transfers Out 80,121 1,214,474 93.9% 1,293,950 Total Expenditures and Transfers 988,062 9,744,115 88.1% 11,059,992 Variance (179,100) 1,371,886 763,882 * March represents 92%of the fiscal year 20 0 CIP Reviewed By: Agenda Item Number J� a► Legal ❑ NB #2 W36 EST. Finance ■ Engineer ❑ Tracking Number Gy City Administrator El r� �! �© Consultant El ADM 2012-16 Agenda Item Summary Memo Title: Treasurer's Report for February and March 2012 Meeting and Date: Administration Committee 4/19/12 Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: UNITED CITY OF YORKVILLE TREASURER'S REPORT-for the period ended February 29,2012 Cash Basis %of %of Projected BGh Fund February Revenues YTD February Expenses YTD Ending Fund Balance Revenues YTD Revenues Budget Budget Expenses YTD Expenses Budget Budget Balance General Fund 01-General (271,900) 567,666 10,306,913 11,823,874 87% 796,321 8,813,063 11,059,992 80% 1,221,950 Special Revenue Funds 15-Motor Fuel Tax 640,399 42,884 471,841 1,011,000 47% 34,804 209,322 661,000 32% 902,918 79-Parks and Recreation 231,558 95,888 1,052,618 1,175,710 90% 76,373 916,830 1,189,210 77% 367,346 72-Land Cash (388,625) - 419,486 420,500 100% 1,674 263,740 301,084 88% (232,879) 85-Fox hidustrial TIF 569,790 - 259,327 - 0% - 829,116 - 0% - 87-Countryside TIF 2,178,550 218 6,450 10,250 63% - 306,829 307,543 100% 1,878,171 88-Downtown TIF 209,760 7 67,926 88,550 77% 1,967 7,380 536,840 1% 270,306 11-Fox Hill SSA 17,942 0 3,792 3,786 100% - 4,295 3,804 113% 17,439 12-Sunflower SSA 11,922 0 7,537 7,530 100% 6,921 9,078 76% 12,538 Debt Service Fund 42-Debt Service 8,653 8,647 489,782 427,919 114% 428,668 428,669 100% 69,768 Capital Funds 16-Municipal Building (587,024) - 5,700 5,250 109% - - - - (581,324) 22-Park and Recreation Capital 51,443 85 13,606 2,830 481% 292 2,917 123,500 2% 62,132 20-Police Capital 194,947 195 29,262 21,500 136% - 2,445 54,000 5% 221,764 21-Public Works Capital 108,743 293 33,827 35,900 94% 6,858 82,013 92,595 89% 60,557 23-City-Wide Capital 652 11,971 148,402 416,600 36% 3,780 129,874 360,000 36% 19,180 Enterprise Funds* 51-Water 695,723 378,266 2,389,255 2,694,979 89% 195,172 2,003,091 2,571,858 78% 1,081,887 52-Sewer 2,377,831 124,390 2,982,827 3,105,490 96% 35,595 1,637,120 2,919,989 56% 3,723,537 80-Recreation Center (195,087) 57,000 530,978 611,000 87% 86,854 571,041 691,738 83% (235,151) Library Funds 82-Library Operations 317,336 4,273 1,085,333 1,069,450 101% 59,728 886,603 1,060,275 84% 516,066 83-Library Debt Service - - 718,978 720,800 100% - 720,800 720,800 100% (1,822) 84-Library Capital - 325 340,189 341,000 100% 500 340,109 336,500 101% 80 Total Funds 6,172,614 1,292,109 21,364,030 23,993,918 89% 1,299,915 18,162,180 23,428,475 78% 9,374,464 As Treasurer of the United City of Yorkville,I hereby attest,to the best of my knowledge,that the information contained in this Treasurer's Report is accurate as of the date detailed herein. Further information is available in the Finance Department. William Powell,Treasurer Prepared by the Finance Department *Fund Balance Equivalent UNITED CITY OF YORKVILLE TREASURER'S REPORT-for the period ended MARCH 31,2012 Cash Basis %of %of Projected BGN Fund Revenues YTD Expenses YTD Ending Fund Balance March Revenues YTD Revenues Budget Budget March Expenses YTD Expenses Budget Budget Balance General Fund 01-General (271,900) 808,962 11,116,000 11,823,874 94% 988,062 9,744,115 11,059,992 88% 1,099,986 Special Revenue Funds 15-Motor Fuel Tax 640,399 54,456 526,297 1,011,000 52% 3,617 212,940 661,000 32% 953,757 79-Parks and Recreation 231,558 73,611 1,126,230 1,175,710 96% 109,981 1,026,812 1,189,210 86% 330,976 72-Land Cash (388,625) 7,179 426,665 420,500 101% 1,698 265,438 301,084 88% (227,398) 85-Fox Industrial TIF 569,790 - 259,327 - 0% - 829,116 - 0% - 87-Countryside TIF 2,178,550 235 6,685 10,250 65% 375 307,204 307,543 100% 1,878,031 88-Downtown TIF 209,760 4 67,930 88,550 77% 3,212 10,591 536,840 2% 267,099 11-Fox Hill SSA 17,942 0 3,792 3,786 100% 51 4,346 3,804 114% 17,388 12-Sunflower SSA 11,922 0 7,537 7,530 100% 51 6,972 9,078 77% 12,488 Debt Service Fund 42-Debt Service 8,653 8,946 498,729 427,919 117% 428,668 428,669 100% 78,714 Capital Funds 16-Municipal Building (587,024) 1,950 7,650 5,250 146% - - - - (579,374) 22-Park and Recreation Capital 51,443 38 13,644 2,830 482% 292 3,208 123,500 3% 61,878 20-Police Capital 194,947 7,069 36,331 21,500 169% 202 2,647 54,000 5% 228,630 21-Public Works Capital 108,743 9,143 42,969 35,900 120% - 82,013 92,595 89% 69,699 23-City-Wide Capital 652 50,102 198,504 416,600 48% 456 130,330 360,000 36% 68,826 Enterprise Funds* 51-Water 695,723 47,218 2,436,509 2,694,979 90% 141,497 2,144,589 2,571,858 83% 987,643 52-Sewer 2,377,831 12,136 2,994,963 3,105,490 96% 107,808 1,744,928 2,919,989 60% 3,627,866 80-Recreation Center (195,087) 55,128 586,104 611,000 96% 54,742 625,783 691,738 90% (234,766) Library Funds 82-Library Operations 317,336 4,518 1,089,851 1,069,450 102% 68,215 954,818 1,060,275 90% 452,369 83-Library Debt Service - - 718,978 720,800 100% - 720,800 720,800 100% (1,822) 84-Library Capital - 0 340,189 341,000 100% - 340,109 336,500 101% 80 Total Funds 6,172,614 1,140,696 22,504,885 23,993,918 94% 1,480,258 19,585,428 23,428,475 84% 9,092,070 As Treasurer of the United City of Yorkville,I hereby attest,to the best of my knowledge,that the information contained in this Treasurer's Report is accurate as of the date detailed herein. Further information is available in the Finance Department. William Powell,Treasurer Prepared by the Finance Department *Fund Balance Equivalent 0 CIP Reviewed By: Agenda Item Number J� a► Legal ❑ NB #3 W36 EST. Finance ■ Engineer ❑ Tracking Number Gy City Administrator ■ r� �! �© Consultant E] ADM 2012-17 Agenda Item Summary Memo Title: Cash Statements for January and February 2012 Meeting and Date: Administration Committee 4/19/12 Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: UNITED CITY OF YORKVILLE CASH AND INVESTMENT SUMMARY-as of January 31,2012 CASH Cash-Operations Cash-Special Purpose IL Funds IL Funds Operations Aurora Special Purpose Grand Old Second Castle E-Pay Acct IMET Totals Old Second Castle IMET Earthmovers Totals Totals General Fund 01-General (2,590,593) 2,035 1 2,407,313 (181,244) 1,906 - 15,726 123 17,754 (163,490) Special Revenue Funds 15-Motor Fuel Tax 39,197 - - 39,197 - 820,889 - - 820,889 860,086 72-Land Cash (231,047) (231,047) - - (231,047) 85-Fox Industrial TIF - - - - - 87-Countryside TIF 214,826 969,189 1,184,016 693,936 693,936 1,877,952 88-Downtown TIF 272,266 - 272,266 - - 272,266 11-Fox Hill SSA 17,438 17,438 17,438 12-Sunflower SSA 12,538 12,538 12,538 Debt Service Fund 42-Debt Service 61,121 61,121 61,121 Capital Funds 16-Municipal Building (581,324) (581,324) (581,324) 20-Police Capital 219,120 219,120 219,120 21-Public Works Capital 66,871 66,871 - - 66,871 23-City-Wide Capital 10,896 10,896 55,845 55,845 66,741 Enterprise Funds 51-Water 574,613 4,067 1 80,000 658,681 - - 658,681 52-Sewer 2,566,760 1,248 - 2,568,008 2,568,008 Agency Funds 90-Developer Escrow 161,366 - 161,366 161,366 95-Escrow Deposit 199,831 5,026 - - 204,857 - - - - - 204,857 Total City Funds 1,013,879 12,376 2 3,456,502 4,482,760 695,842 820,889 71,571 123 1,588,424 6,071,184 Distribution% 1670% 0.20% 0.00% 5693% 11.46% 13.52% 1.18% 0.00% Library Funds 82-Library Operations 172,315 - 79,820 - 252,135 - - 328,661 - 328,661 580,796 83-Library Debt Service (1,829) 7 (1,822) - - - (1,822) 84-Library Capital - - - 255 - 255 255 Totals 170,485 - 79,827 250,313 255 328,661 328,916 579,229 Distribution% 29.43% 13.78% 0.04% 56.74% Park and Recreation Funds 79-Parks and Recreation - 402,282 - 402,282 - - 25 25 402,307 22-Park&Rec Capital 62,037 62,037 147,885 147,885 209,922 80-Recreation Center (199,746) (199,746) - - - (199,746) Totals 264,572 264,572 147,885 25 147,910 412,482 Distribution% 64.14% 35.85% 0.01% UNITED CITY OF YORKVILLE CASH AND INVESTMENT SUMMARY-as of February 29,2012 CASH Cash-Operations Cash-Special Purpose IL Funds IL Funds Operations Aurora Special Purpose Grand Old Second Castle E-Pay Acct IMET Totals Old Second Castle IMET Earthmovers Totals Totals General Fund 01-General (2,913,224) 14,248 1 2,407,841 (491,134) 2,225 - 15,729 123 18,077 (473,057) Special Revenue Funds 15-Motor Fuel Tax 8,593 - - 8,593 - 859,573 - - 859,573 868,166 72-Land Cash (232,799) (232,799) - - (232,799) 85-Fox Industrial TIF - - - - - 87-Countryside TIF 214,832 969,402 1,184,234 693,936 693,936 1,878,170 88-Downtown TIF 270,306 - 270,306 - - 270,306 11-Fox Hill SSA 17,439 17,439 17,439 12-Sunflower SSA 12,538 12,538 12,538 Debt Service Fund 42-Debt Service 69,768 69,768 69,768 Capital Funds 16-Municipal Building (581,324) (581,324) - (581,324) 20-Police Capital 219,315 219,315 219,315 21-Public Works Capital 60,307 60,307 - - 60,307 23-City-Wide Capital 19,074 19,074 55,857 55,857 74,932 Enterprise Funds 51-Water 616,127 28,287 1 80,018 724,433 - - 724,433 52-Sewer 2,596,508 8,683 - 2,605,191 2,605,191 Agency Funds 90-Developer Escrow 156,843 - 156,843 156,843 95-Escrow Deposit 202,003 34,959 - - 236,962 - - - - - 236,962 Total City Funds 736,307 86,177 2 3,457,261 4,279,747 696,161 859,573 71,586 123 1,627,443 5,907,190 Distribution% 12.46% 1.46% 0.00% 58.53% 11.78% 14.55% 1.21% 0.00% Library Funds 82-Library Operations 116,781 - 79,826 - 196,607 - - 328,734 - 328,734 525,341 83-Library Debt Service (1,829) 7 (1,822) - - - (1,822) 84-Library Capital - - - 80 - 80 80 Totals 114,952 - 79,834 194,786 80 328,734 328,814 523,599 Distribution% 21.95% 15.25% 0.02% 62.78% Park and Recreation Funds 79-Parks and Recreation - 421,396 - 421,396 - - 25 25 421,422 22-Park&Rec Capital 61,798 61,798 147,917 147,917 209,715 80-Recreation Center (228,914) (228,914) - - - (228,914) Totals 254,281 2549281 147,917 25 147,942 4029223 Distribution% 63.22% 3677% 0.01% CIP Reviewed By: K 0 Legal Agenda Item Number 06 Finance NB #4 ESL -� 1836 Engineer ❑ City Administrator 0 .4 �� ; � y Human Resources El Tracking Number � wn sw © Community Development �_ Police ❑ ADM 2012-19 Public Works ❑ Agenda Item Summary Memo Title: Countryside Development Meeting and Date: Administration—April 19, 2012 Synopsis: Discussion of Countryside TIF Fund and status of attracting a developer to Countryside. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Discussion and direction Submitted by: Bart Olson Administration Name Department Agenda Item Notes: Memorandum To: Administration Committee EST. -�` Yid 1s36 From: Bart Olson, City Administrator -- � � CC: Date: March 9, 2012 C<wrMY Sad �LE ��' Subject: Countryside TIF Summary Discussion of available alternatives for the Countryside Center project, and TIF fund. Background This item was last discussed, briefly, at the February Administration Committee meeting, and prior at the City Council meeting on January 24th in a budget presentation. The purpose of this agenda item is to discuss the available alternatives for the Countryside Center redevelopment project, and for the Countryside TIF fund. The Countryside TIF fund budget, debt service schedule, TIF ordinance, and TIF redevelopment agreements (one in 2005, another in 2008) are attached for your use. Attorney Orr and YEDC Director Lynn Dubajic will be on hand at the meeting to answer questions. The issue The most pressing issue with the Countryside project is articulated in the budget narrative memo: "We are expected to be upside down on this bond in FY 18 (no bond proceeds left to pay debt service scheduled through 2024. This poses a significant drain on cash-flow each year from 2013 until 2024. If this bond could be refinanced, or if we could find a developer to generate property tax increment within the TIF district, this would eliminate our FY 18 event horizon and would improve cashflow." This cash outflow is illustrated on the summary page of the Countryside TIF fund budget. The budget has an annual deficit of $300,000 and the fund balance approaches $0 in FY 17. This assumes though, that absolutely nothing changes with the property between now and 2017. Our options In order to accurately discuss options, it is important to understand the mechanisms of the TIF district—which is why Attorney Orr will be present at the meeting to give everyone a brief "TIF 10 1." In short, the fund has deficits because we issued a bond and incurred a debt obligation, and do not have a TIF revenue stream. The TIF revenue stream is not present because the center was demolished as part of the original TIF agreement. It should be noted that even if the Center would not have been physically torn down, that the economic downturn and vacancy rate (even prior to the downturn)would have likely resulted in a minimal property tax increment—and we would still be studying the same options. Although, if the Center hadn't been torn down, we may not have issued the bond. The first option is to take no action. We would continue to pay the yearly debt service with bond proceeds,until eventually running out of proceeds after the FY 18 payment. At that point,we would still have 7 years of debt service payments to make at $300,000 per year. These payments would have to be made with funds from another budget. This option is should be considered if we think that a developer will develop the site without TIF funds before FY 19, or if we are comfortable with paying 7 years of debt service (—$2.1 million) from 2019 through 2025. The second option is to refinance. Assuming that we could find a bond buyer for the refinancing, we could stretch the existing debt obligation much farther out, incurring additional interest but making the yearly payments much cheaper than they are currently. This option should be considered if we think the property is likely to never be developed and we would prefer to pay less each year but more in total. This option could be considered if we think the property could be developed without TIF funds, but at some point in the next 5-15 years, and we think we could get an extension on our TIF district. In that scenario, refinancing would allow us to decrease the yearly debt obligation and make the payments each year with whatever property taxes are generated on site. That scenario would also require us to extend the TIF district past its current expiration in 2028, which can only be done by the state legislature. The third option is to develop the property with TIF funds. The original TIF agreement in 2005 required the developer to build 80,000 square feet of retail space, prior to distribution of TIF funds. The revised TIF agreement in 2008 increased that requirement to 166,000 square feet. This option would require us to find the equilibrium between what we want on the property vs. what can be built in the current economy for the amount of TIF funds we have left (currently $1.8 million). Lynn Dubajic is prepared to discuss the local economy and potential uses for the site that would meet our requirements. Lowering our requirements in the agreement and inducing someone to build on the property would result in incremental TIF revenues,which we could then use to pay down the yearly obligation. For this scenario, it is recommended that the issue be sent to the Economic Development Committee for further discussion. Of course, there are always other options—which may include a combination of some of the above. Staff will be prepared to discuss all options at the meeting. Countryside TIF Fund (87) The Countryside TIF was created in February of 2005,with the intent of constructing a future retail development at Countryside Center. This TIF is located at the northwest corner of US Route 34 and IL Route 47. FY 2012 FY2013 FY2010 FY2011 Adopted FY2012 Proposed FY2014 FY2015 FY2016 FY2017 Actual Actual Budget Projected Budget Projected Projected Projected Projected Revenue Taxes 6,250 6,372 6,250 4,188 4,500 4,500 4,500 4,500 4,500 Investment Earnings 8,223 3,134 4,000 2,000 2,000 2,000 2,000 2,000 2,000 Total Revenue 14,472 9,506 10,250 6,188 6,500 6,500 6,500 6,500 6,500 Expenditures Contractual Services 999 1,622 1,400 1,375 1,375 1,375 1,375 1,375 1,375 Debt Service 307,868 307,093 306,143 306,143 304,668 302,738 305,523 302,723 304,723 Total Expenditures 308,867 308,715 307,543 307,518 306,043 304,113 306,898 304,098 306,098 Surplus(Deficit) (294,394) (299,209) (297,293) (301,330) (299,543) (297,613) (300,398) (297,598) (299,598) Ending Fund Balance 2,477,758 2,178,550 1,883,380 1,877,220 1,577,677 1,280,064 979,666 682,068 382,470 $3000 Fund Balance $2,000 a $1,000 �e $0 61 FY 2010 FY 2011 FY 2012 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Account Description Actual Actual Budget Projected Proposed Projected Projected Projected Projected Countryside TIF 87-000-40-00-4087 PROPERTY TAXES-COUNTRYSIDE TIF 6,250 6,372 6,250 4,188 4,500 4,500 4,500 4,500 4,500 87-000-45-00-4500 INVESTMENT EARNINGS 8,223 3,134 4,000 2,000 2,000 2,000 2,000 2,000 2,000 Revenue 14,472 9,506 10,250 6,188 6,500 6,500 6,500 6,500 6,500 87-870-54-00-5420 ADMINISTRATIVE FEES 999 1,248 1,000 1,000 1,000 1,000 1,000 1,000 1,000 87-870-54-00-5498 PAYING AGENT FEES - 375 400 375 375 375 375 375 375 Debt Service-2005 Bond 87-870-80-00-8000 PRINCIPLE PAYMENT 165,000 170,000 175,000 175,000 180,000 185,000 195,000 200,000 210,000 87-870-80-00-8050 INTEREST PAYMENT 142,868 137,093 131,143 131,143 124,668 117,738 110,523 102,723 94,723 Expenditures 308,867 308,715 307,543 307,518 306,043 304,113 306,898 304,098 306,098 Surplus(Deficit) (294,394) (299,209) (297,293) (301,330) (299,543) (297,613) (300,398) (297,598) (299,598) Fund Balance 2,477,758 2,178,550 1,883,380 1,877,220 1,577,677 1,280,064 979,666 682,068 382,470 802.21% 705.68% 612.40% 610.44% 515.51% 420.92% 319.22% 224.29% 124.95% 62 UNITED CITY OF YORKVILLE,ILLINOIS Countryside TIF Fund Long-Term Debt Requirements Alternate Revenue Source Bonds 2005 April 30,2011 Date of Maturity December 1,2024 Authorized Issue $3,525,000 Interest Rates 3.50%-4.35% Interest Dates June 1st and December 1st Principal Maturity Dates December 1st Payable at BNY Midwest Trust Company Purpose Countryside TIF CURRENT AND FUTURE PRINCIPAL AND INTEREST REQUIREMENTS Debt Service Requirements Interest Due on Fiscal Year Principal Interest Totals June 1 Amount Dec. 1 Amount 2011 -2012 $ 175,000 131,143 306,143 2011 65,572 2011 65,572 2012-2013 180,000 124,668 304,668 2012 62,334 2012 62,334 2013-2014 185,000 117,738 302,738 2013 58,869 2013 58,869 2014-2015 195,000 110,523 305,523 2014 55,261 2014 55,261 2015-2016 200,000 102,723 302,723 2015 51,361 2015 51,361 2016-2017 210,000 94,723 304,723 2016 47,361 2016 47,361 2017-2018 220,000 86,323 306,323 2017 43,161 2017 43,161 2018-2019 225,000 77,523 302,523 2018 38,761 2018 38,761 2019-2020 235,000 68,073 303,073 2019 34,036 2019 34,036 2020-2021 245,000 58,203 303,203 2020 29,101 2020 29,101 2021 -2022 260,000 47,913 307,913 2021 23,956 2021 23,956 2022-2023 275,000 36,993 311,993 2022 18,496 2022 18,496 2023-2024 285,000 25,305 310,305 2023 12,653 2023 12,653 2024-2025 300,000 13,050 313,050 2024 6,525 2024 6,525 $ 3,190,000 1,094,897 4,284,897 547,448 547,448 103 ORDINANCE NoQDM% IU-.4 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, APPROVING A TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN FOR THE PROPOSED TAX INCREMENT REDEVELOPMENT AREA WHEREAS, the Mayor and City Council (the " Corporate Authorities ") of the United City of Yorkville, Kendall County, Illinois (the "Municipality") , have heretofore determined that the stable economic and physical development of the Municipality is endangered by the presence of blighting factors as often manifested by progressive and advanced deterioration of structures, by a lack of physical maintenance of such structures, by obsolete and inadequate infrastructure, by obsolete platting, and by deleterious land use and layout, with a resulting decline of the Municipality which impairs the value of private investments and threatens the sound growth and the tax base of the Municipality and the taxing districts having the power to tax real property in the Municipality (the " Taxing Districts") and threatens the health, safety, morals and welfare of the public; and, WHEREAS, the Corporate Authorities have heretofore determined that in order to promote and protect the health, safety, morals and welfare of the public, blighted conditions in the Municipality need to be eradicated and redevelopment of the Municipality be undertaken in order to remove and alleviate adverse conditions, encourage private investment, and, restore and enhance the tax base of the Municipality and the Taxing Districts; and, WHEREAS, the Municipality has heretofore caused to be conducted an eligibility study to determine whether the proposed U.S. Route 34 & I11. Route 47 (Countryside Shopping Center) (the "Proposed Area ") qualifies as a "redevelopment project area" pursuant to the ggIllttii�nois Tax Awfly, MIN OTL FEB 18 2005 44 County Clerk edm ( Kgntlall County Increment Allocation Redevelopment Act, as amended (the "Act") , 65 ILCS 5/ 11-74.4-1 et seq. ; and, WHEREAS, the Municipality has heretofore evaluated various lawfully available programs to provide such assistance and has determined that the use of tax increment allocation financing is necessary to achieve the redevelopment goals of the Municipality for the Proposed Area; and, WHEREAS, the Municipality was advised in June, 2004, that the Proposed Area qualifies as a "redevelopment project area" under Section 11-74.4-3 of the Act; and, WHEREAS, it is therefore concluded by the Corporate Authorities that the Proposed Area remains qualified as a "redevelopment project area" under Section 11-74.4-3 of the Act as of the date hereof; and, WHEREAS , the Municipality has further caused the preparation of and made available for public inspection a proposed redevelopment project and plan (" Project and Plan") for the Proposed Area; and, WHEREAS, the Project and Plan sets forth in writing the program to be undertaken to accomplish the objectives of the Municipality and includes estimated redevelopment project costs proposed for the Proposed Area, evidence indicating that the Proposed Area on the whole has not been subject to growth and development through investment by private enterprise, an assessment of the financial impact of the Proposed Area on or any increased demand for services from any taxing district affected by the Plan and any program to address such financial impact or increased demand, the sources of funds to pay costs, the nature and term of the obligations to be issued (if any) , the most recent equalized assessed valuation of the Proposed Area, an estimate as to the 2 equalized assessed valuation after redevelopment, the general land uses to apply in the Proposed Area, and a commitment to fair employment practices and the Project and Plan accordingly complies in all respects with the requirements of the Act; and, WHEREAS, pursuant to Section 11-74.4-5 of the Act, the Corporate Authorities by a Resolution adopted the 28' day of September, 2004, called a public hearing (the " Hearing") relative to the Project and Plan and the designation of the Proposed Area as a redevelopment project area under the Act and fixed the time and place for such Hearing, being the 23`" day of November at 7:00 p.m. , at the City Hall, 800 Game Farm Road, Yorkville, Illinois; and, WHEREAS, due notice in respect to such Hearing was given pursuant to section 11-74.4- 5 of the Act, said notice, together with a copy of the Project and Plan, was sent to the Department of Commerce and Community Affairs of the State of Illinois by certified mail ; to the Taxing Districts on September 29, 2004, by hand deliver; by publication on November 4, 2004, and November 11 , 2004; and, by mail to taxpayers within the Proposed Area on November 2, 2004; and, WHEREAS, the Municipality has heretofore convened a Joint Review Board as required by and in all respects in compliance with the provisions of the Act; and, WHEREAS, the Joint Review Board has met at the times and as required by the Act and has reviewed the public record, planning documents and a form of proposed ordinance approving the Project and Plan; and, WHEREAS, the Joint Review Board has adopted by a majority vote an advisory, non- binding recommendation that the Municipality proceed to implement the Project and Plan and to designate the Proposed Area as a redevelopment project area under the Act; and, 3 WHEREAS, the Joint Review Board based its decision to approve the proposal on the basis of the Proposed Area and Project and Plan satisfying the Plan requirements, the eligibility criteria defined in Section 11-74.4-3 of the Act, and the objectives of the Act; and, WHEREAS, the Municipality held the Hearing on November 23 , 2004, at the City Hall, 800 Game Farm Road, Yorkville, Illinois; and WHEREAS, at the Hearing, any interested person or Taxing District was permitted to file with the Municipal Clerk written objections and was heard orally in respect to any issues embodied in the notice of said Hearing, and the Municipality heard and determined all protests and objections at the Hearing; and, WHEREAS, the Hearing was adjourned on the 23`d day of November, 2004; and, WHEREAS, the Project and Plan set forth the factors which cause the Proposed Area to be a "blighted" area as defined by the Act for improved and vacant areas, and the Corporate Authorities have reviewed the information concerning such factors presented at the Hearing and have reviewed other studies and are generally informed of the conditions in the Proposed Area which could cause the area to be "blighted" ; and, WHEREAS, the Corporate Authorities have reviewed evidence indicating that the Proposed Area on the whole has not been subject to growth and development through investment by private enterprise and have reviewed the conditions pertaining to lack of private investment in the Proposed Area to determine whether private development would take place in the Proposed Area as a whole without the adoption of the proposed Project and Plan; and, WHEREAS, the Corporate Authorities have reviewed the conditions pertaining to real property in the Proposed Area to determine whether contiguous parcels of real property and 4 improvements thereon in the Proposed Area would be substantially benefitted by the proposed Project improvements; and, WHEREAS, the Corporate Authorities have made an assessment of any financial impact of the Proposed Area on or any increased demand for services from any taxing district affected by the Project and Plan and any program to address such financial impact or increased demand; and, WHEREAS, the Corporate Authorities have reviewed the proposed Project and Plan and also the existing comprehensive plan for development of the Municipality as a whole to determine whether the proposed Project and Plan conform to the comprehensive plan of the Municipality. NOW, THEREFORE, BE IT ORDAINED by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1 . Findings. The Corporate Authorities hereby make the following findings: (a) The Proposed Area is legally described in Exhibit A attached hereto and incorporated herein as if set out in full by this reference. The map of the Proposed Area is depicted in Exhibit B attached hereto and incorporated herein as if set out in full by this reference. (b) There exist conditions which cause the Proposed Area to be subject to designation as a redevelopment project area under the Act and to be classified as a "blighted" area as defined in Section 11-74.4-3 of the Act. (c) The Proposed Area on the whole has not been subject to growth and development through investment by private enterprise and would not be 5 reasonably anticipated to be developed without the adoption of the Project and Plan. (d) The Project and Plan conform to the comprehensive plan for the development of the Municipality as a whole. (e) As set forth in the Project and Plan and in the testimony at the public hearing, the estimated date of completion of the Project is no later than December 31 , 2028, and the estimated date of the retirement of any obligation incurred to finance redevelopment project costs as defined in the Project and Plan is no later than the year 2028 . (f) The parcels of real property in the Proposed Area are contiguous, and only those contiguous parcels of real property and improvements thereon which will be substantially benefitted by the proposed Project and Plan improvements are included in the Proposed Area. Section 2. Exhibits Incorporated by Reference. The Project and Plan which were the subject matter of the public hearing held on the 23`a day of November, 2004, are hereby adopted and approved. A copy of the Project and Plan is set forth in Exhibit C attached hereto and incorporated herein as if set out in full by this reference. Section 3. Invalidity of Any Section . If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. 6 Section 4. Superseder and Effective Date. All ordinances, resolutions, motions or orders in conflict herewith be, and the same hereby are, repealed to the extent of such conflict, and this Ordinance shall be in full force and effect immediately upon its passage by the Corporate Authorities and approval as provided by law. PASSED this" day o 2005. APPROVED: Mayor AYES:_ NAYS: "— ABSENT: Attest: yor lledif5 ord Exhibit A Legal Description EXHIBIT "A° LEGAL DESCRIPTION LOT 7 (EXCEPT THAT PART DESCRIBED AS FOLLOWS; COMMENCING AT THE MOST EASTERLY SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST ALONG SOUTHERLY LINE, 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF BEGINNING; THENCE SOUTH 80 DEGREES 58 MINUTES 11 SECONDS EAST ALONG SAID SOUTHERLY LINE 209.0 FEET TO A SOUTHEAST CORN€R OF SAID LOT 7; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG AN EASTERLY LINE OF SAID LOT 71 90.0 FEET; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST, 140.35 FEET; THENCE SOUTH 70 DEGREES 02 MINUTES 02 SECONDS WEST, 185. 15 FEET TO THE POINT OF BEGINNING; AND ALSO EXCEPTING THAT PART AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTHERNMOST LINE OF LOT 6 OF THE RESUBDIVISION OF PART OF BLOCK 1 , COUNTRYSIDE CENTER, UNIT NO. 1 WITH THE WESTERLY LINE OF ILLINOIS ROUTE NO. 47; THENCE SOUTH 69 DEGREES 58 MINUTES 14 SECONDS WEST ALONG SAID SOUTHERNMOST LINE 230.45 FEET TO THE SOUTHERNMOST CORNER OF SAID LOT 6; THENCE SOUTH 19 DEGREES 57 MINUTES 46 SECONDS EAST 192 ,30 FEET; THENCE NORTH 70 DEGREES 02 MINUTES 14 SECONDS EAST 141 .82 FEET TO SAID WESTERLY LINE; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WESTERLY LINE 211 .98 FEET TO THE POINT OF BEGINNING) OF THE RESUBDIVISION OF PART OF BLOCK 1 . COUNTRYSIDE CENTER, UNIT NO. 1 , AND ALSO THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERNMOST CORNER OF LOT 6 IN SAID RESUBIDVISION; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG THE EAST LINE OF SAID LOT 7 211 .98 FEET FOR THE POINT OF BEGINNING; THENCE SOUTH 85 DEGREES '15 MINUTES 00 SECONDS EAST, 136,94 FEET TO THE EAST LINE OF SAID ILLINOIS ROUTE 47; THENCE SOUTH 02 DEGREES 08 MINUTES 48 SECONDS WEST ALONG SAID EAST LINE, 397.70 FEET; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG SAID EAST LINE, 191 .78 FEET; THENCE NORTH 85 DEGREES 15 MINUTES 00 DEGREES WEST, 150.00 FEET TO THE,WEST LINE OF SAID ILLINOIS ROUTE 47; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WEST LINE, 589.05 FEET TO THE POINT OF BEGINNING. IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS. 4 6090 R �o Chet ENGINEERING ENTERPRISES, INC. G:1PublicftrkvilIO2D0«YO0437 COuMrysido COnIMDOMEXHIBIT.doc SUGAR GROVE, IL Exhibit B Map Exhibit B i i I, Countrys"de Parkway I i I Block: 104 Parcel: 015 1, 2,3,4, 5, 6*17*, 8*, 9* 0 0 I to m a L (U NotIl err C tU U � u m Project Area Boundary 3,4, 5* Blight Factors: 1 . Obsolescence 2. Deterioration U 3. Presence if structures S Route 34 below minimum code 4. Excessive vacancies 5. Declining or lagging equalized assessed value6. Lack of community planning 8. Environmental remediation 9. Excessive land coverage/overcrowding * Indicates factor present to a limited extent Rqure 4 tribution of Blight Factors US Route 34 & Illinois Route 47 Yorkville, Tax Increment Financing Redevelopment Project Area URS 0 TRAP Exhibit C Plan US ROUTE 34 & IL ROUTE 47 (COUNTRYSIDE SHOPPING CENTER) TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN UNITED CITY OF YORKVILLE September 17, 2004 Prepared by: URS•TPAP US ROUTE 34 & IL ROUTE 47 (COUNTRYSIDE SHOPPING CENTER) TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AND PLAN UNITED CITY OF YORKVILLE This Redevelopment Plan is subject to review and comment and may be revised after comment and hearing. September 17, 2004 Prepared by: URS•TPAP TABLE OF CONTENTS I. INTRODUCTION................................................................................................................................ 1 A. Tax Increment Financing .............................................................................................................. 3 B. US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project and Plan .................................................................................................. 3 II. LEGAL DESCRIPTION..................................................................................................................... 6 IH. PROJECT AREA ELIGIBILITY CONDITIONS........................................................................... 8 A. Surveys and Analyses Conducted ................................................................................................. 8 B. Summary of Findings .................................................................................................................... 8 IV. REDEVELOPMENT GOALS AND POLICIES ........................................................................... 10 A. General Goals .............................................................................................................................. 10 B. Redevelopment Objectives.......................................................................................................... 10 V. REDEVELOPMENT PROJECT,.........................0.....&.................................................................... 12 A. Overall Redevelopment Concept ................................................................................................ 12 B. Generalized Land Use Plan.......................................................................................................... 12 C. Development and Design Objectives .......................................................................................... 14 D. Redevelopment Improvements and Activities ............................................................................. 15 E. Redevelopment Project Costs ...................................................................................................... 17 F. Sources of Funds to Pay Redevelopment Project Costs .............................................................. 20 G. Issuance of Obligations ............................................................................................................... 21 H. Valuation of the Project Area...................................................................................................... 22 VI. LACK OF GROWTH AND DEVELOPMENT THROUGH INVESTMENT BY PRIVATE ENTERPRISE ....................................................................................................................................23 VII. FINANCIAL IMPACT...................................................................................................................... 24 VIII. DEMAND ON TAXING DISTRICT SERVICES..........................................................................25 IX. CONFORMITY OF THE REDEVELOPMENT PLAN AND PROJECT TO THE COMPREHENSIVE PLAN FOR THE DEVELOPMENT OF THE CITY ASA WHOLE .................................................................................................................................... 26 X. PHASING AND SCHEDULING...................................................................................................... 27 XI. PROVISIONS FOR AMENDING THE REDEVELOPMENT PLAN.......................................28 XH. COMMITMENT TO FAIR EMPLOYMENT PRACTICES AND AFFIRMATIVE ACTION PLAN ................................................................................................................................................... 29 XHL IMPACT ON INHABITED RESIDENTIAL UNITS.................................................................... 30 FIGURES AND EXIMITS FIGURE1 : PROJECT AREA BOUNDARY ...................................................................................... 7 FIGURE2: LAND-USE PLAN ......................................................................................................... 13 EXHIBIT I REDEVELOPMENT PROJECT COSTS EXHIBIT II US ROUTE 34 & IL ROUTE 47 (COUNTRYSIDE SHOPPING CENTER) TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AREA ELIGIBILITY STUDY I. INTRODUCTION This document, entitled US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project and Plan, is to serve as a redevelopment plan (the "Redevelopment Plan") for a commercial area in the central part of the United City of Yorkville (the "City"). The redevelopment project area generally includes the buildings and property constituting Countryside Shopping Center located in the northwest quadrant of the intersection of US Route 34 and IL Route 47. The area is subsequently referred to in this document as the US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area (the 'Project Area"). The Project Area is illustrated in Figure 1 (Project Area Boundary) and legally described in Section lI of this Redevelopment Plan. The United City of Yorkville and the US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area The United City of Yorkville is located in the Fox River Valley of Kendall County approximately 45 miles southwest of Chicago. The City includes land on both sides of the Fox River and is generally bounded by unincorporated portions of Kendall County with the neighboring communities of Montgomery to the north, Oswego to the east, and Plano to the west. Yorkville was originally settled south of the Fox River in 1832 as an agricultural business center with a downtown district along the Fox River. Growth of the community was reinforced by the county seat designation in 1859, the Chicago Burlington and Quincy railroad route established through Yorkville in 1870, and the incorporation of the town in 1887. Based on shared circumstances and vision, the towns of Yorkville and Bristol (the town to the north of the Fox River) combined to form the United City of Yorkville in 1957. Since 1960, the City has steadily grown to its current population of approximately 9,000 persons and is poised for future growth. As regional growth of the Chicago metropolitan area proceeds southwestward, the City has focused its planning efforts on guiding development to assure a compatible and efficient balance of land uses reflective of the City's small town heritage but also responsive to contemporary development opportunities. Yorkville's downtown was the only business district in the City up until the early 1970s when the City annexed a large area at the intersection US Route 34 and IL Route 47 known as Countryside Center. The annexation provided for the development of the Countryside Shopping Center (the "Shopping Center") and the surrounding residential subdivision stemming from two primary arterials of the growing City. With nearly 158,000 square feet of space, the Shopping Center served as a community-scale center configured as an inward-oriented cluster of three buildings plus an outlot cinema building surrounded by large accessory parking areas and potential for more outlot development. Over the past three decades, additional retail and commercial businesses have been developed along the intersecting corridors of US Route 34 and IL Route 47 in a pattern that US Route 34 & IL Route 47 (Countryside Shopping Center) page 1 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 has been traditionally auto-oriented to include strip retail centers, big box uses and businesses with drive-thru facilities. As newer development has emerged at this location, the Countryside Shopping Center has encountered competition from sites and buildings that have been constructed according to the most up-to-date market tastes for commercial and retail development. Various aspects of the Shopping Center have become increasingly obsolete, including its distinctive layout that hampers visibility, access and a sustainable mix of retail tenants since contemporary requirements for size, configuration, parking, and co-tenanting desires are difficult to achieve. In recent years, the retail mix of the Shopping Center has declined significantly and vacancies have been a chronic problem resulting in lagging income and a corresponding lack of investment in maintenance, rehabilitation or more substantial renovations. Over the past few years, the City has recognized the need to revitalize or redevelop the Shopping Center in order to achieve the overall goal of sustaining and growing the US Route 34 & IL Route 47 area as a regional shopping destination. The obsolescence of the buildings as well as the costs associated with acquisition of existing buildings/leases, demolition and environmental remediation have been barriers to redevelopment. As part of its strategy to revitalize the Shopping Center and stimulate private investment for retail and commercial uses, the City engaged URS•TPAP to investigate whether the approximately 20.2-acre Project Area qualifies as a "blighted area," under the Illinois Tax Increment Allocation Redevelopment Act (the "Act'). URS•TPAP surveyed the area identified by the City and referred to as the Project Area to document any blighted area factors that may exist within the Project Area. URS•TPAP documented these factors in a study entitled, "US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area Eligibility Study" (the "Eligibility Study"), which is included as Exhibit II to this report. Characteristic conditions in the Project Area include extensive, long-term vacancies, deteriorated buildings and site improvements, obsolescence due to size, layout and configuration, buildings below minimum local code standards, a declining and lagging equalized assessed valuation and need for environmental remediation. Overall, the Project Area has not been subject to growth and development through investment by private enterprise and is not reasonably anticipated to be redeveloped without the efforts and leadership of the City. The Redevelopment Plan summarizes the analyses and findings of URS•TPAP's work, which, unless otherwise noted, is the responsibility of URS•TPAP. The City is entitled to rely on the findings and conclusions of this Redevelopment Plan in designating the Project Area as a redevelopment project area under the Act. URS•TPAP has prepared this Redevelopment Plan and the Eligibility Study with the understanding that the City would rely: 1) on the findings and conclusions of the Redevelopment Plan and the related Eligibility Study in proceeding with the designation of the Project Area and the adoption and implementation of the Redevelopment Plan, and 2) on the fact that URS•TPAP has obtained the necessary information so that the Redevelopment Plan and the related Eligibility Study will comply with the Act. US Route 34 & IL Route 47 (Countryside Shopping Center) page 2 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September I7, 2004 A. Tax Increment Financing In January 1977, TIF was made possible by the Illinois General Assembly through passage of the Tax Increment Allocation Redevelopment Act. The Act is found in Illinois Compiled Statutes, Chapter 65, Act 5, Section 11-74.4-1 et seg. , as amended. The Act provides a means for municipalities, after the approval of a redevelopment plan and project, to redevelop blighted, conservation, or industrial park conservation areas and to finance redevelopment project costs (sometimes referred to as "Project Costs" or "Redevelopment Project Costs") with incremental property tax revenues. "Incremental Property Tax" or "Incremental Property Taxes" are derived from the increase in the current equalized assessed valuation ("EAV") of real property within the Project Area over and above the "Certified Initial EAV" of the real property. Any increase in EAV is then multiplied by the current tax rate which results in Incremental Property Taxes. A decline in current EAV does not result in a negative Incremental Property Tax. To finance Project Costs, a municipality may issue obligations secured by estimated Incremental Property Taxes to be generated within the Project Area. In addition, a municipality may pledge towards payment of such obligations any part or any combination of the following: (a) net revenues of all or part of any redevelopment project; (b) taxes levied and collected on any or all property in the municipality; (c) the full faith and credit of the municipality; (d) a mortgage on part or all of the redevelopment project; or (e) any other taxes or anticipated receipts that the municipality may lawfully pledge. Tax increment financing does not generate tax revenues by increasing tax rates. This financing mechanism allows the municipality to capture, for a certain number of years, the new tax revenues produced by the enhanced valuation of properties resulting from the municipality's redevelopment program, improvements and activities, various redevelopment projects, and the assessment and reassessment of properties. All taxing districts continue to receive property taxes levied on the initial valuation of properties within the redevelopment project area. Additionally, taxing districts can receive distributions of excess Incremental Property Taxes when annual Incremental Property Taxes received exceed principal and interest obligations for that year and redevelopment project costs necessary to implement the redevelopment plan have been paid and such excess amounts are not otherwise pledged, earmarked or designated for future usage on other redevelopment projects. Taxing districts also benefit from the increased property tax base after redevelopment project costs and obligations are paid and the Project Area's term has expired or has been terminated. B. US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project and Plan As evidenced in Section VI, the Project Area as a whole has not been subject to growth and development through private investment. Furthermore, it is not reasonable to expect that the Project Area will be redeveloped without the use of TIF. This Redevelopment Plan has been prepared in accordance with the provisions of the Act and is intended to guide improvements and activities within the Project Area in order to stimulate private US Route 34 & IL Route 47 (Countryside Shopping Center) page 3 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 investment. The goal of the City, through the implementation of this Redevelopment Plan, is that the entire Project Area be revitalized on a comprehensive and planned development basis in order to ensure that private investment in rehabilitation and new development occurs: 1 . On a coordinated rather than piecemeal basis to ensure that the land use, pedestrian access, vehicular circulation, parking, service and urban design systems are functionally integrated and meet present-day principles and standards; 2. On a reasonable, comprehensive and integrated basis to ensure that blighted area factors are prevented or eliminated; 3. Within a reasonable and defined time period so that the area may contribute productively to the economic vitality of the City; and The Redevelopment Plan sets forth the overall Redevelopment Project to be undertaken to accomplish the above-stated goal. During the implementation of the Redevelopment Project, the City may, from time to time, (i) undertake or cause to be undertaken public improvements and activities as described in Section V of this Redevelopment Plan and (ii) enter into redevelopment agreements with private entities to construct, rehabilitate, renovate or restore private improvements on one or several parcels (collectively referred to as "Redevelopment Project"). This Redevelopment Plan specifically describes the Project Area and sets forth the blight factors that qualify the Project Area for designation as a blighted area as defined in the Act. Section II of the Redevelopment Plan contains the Project Area description and map depicting the boundaries of the Project Area. Successful implementation of this Redevelopment Plan requires that the City utilize Incremental Property Taxes and other resources in accordance with the Act to stimulate the comprehensive and coordinated development of the Project Area. Only through the utilization of TIF will the Project Area develop on a comprehensive and coordinated basis, thereby eliminating the blighted area factors, which have precluded development of the Project Area by the private sector. The use of Incremental Property Taxes will permit the City to direct, implement, and coordinate public improvements and activities to stimulate private investment within the Project Area. These improvements, activities and investments will benefit the City, its residents, and all taxing districts having jurisdiction over the Project Area. The anticipated benefits include: • An increased property tax base arising from new private development; • An increased sales tax base arising from new private development for contemporary retail uses; • A revitalized/redeveloped anchor location within one of the City's primary commercial districts; • An increase in full-time employment opportunities for existing and future residents of the City; and US Route 34 & IL Route 47 (Countryside Shopping Center) page 4 Tae Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 • Elimination of problem conditions in the Project Area as well as general physical improvement and upgrading of properties. US Route 34 & IL Route 47 (Countryside Shopping Center) page 5 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September ] 7, 2004 II. LEGAL DESCRIPTION The boundaries of the Project Area have been carefully drawn to include only real property and improvements substantially benefited by the proposed Redevelopment Project to be undertaken as part of this Redevelopment Plan. The boundaries of the Project Area are generally coterminous with the property assigned the 2003 tax parcel number 02-28- 104-015 plus adjacent right-of-way along IL Route 47. The Project Area boundaries are shown in Figure 1 , Project Area Boundaly, and legally described below. LOT 7 (EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE MOST EASTERLY SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST ALONG SOUTHERLY LINE, 309.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF BEGINNING; THENCE SOUTH 80 DEGREES 58 MINUTES 11 SECONDS EAST ALONG SAID SOUTHERLY LINE 209.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG AN EASTERLY LINE OF SAID LOT 71 90.0 FEET; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST, 140.35 FEET; THENCE SOUTH 70 DEGREES 02 MINUTES 02 SECONDS WEST, 185.15 FEET TO THE POINT OF BEGINNING; AND ALSO EXCEPTING THAT PART AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE SOUTHERNMOST LINE OF LOT 6 OF THE RESUBDIVISION OF PART OF BLOCK 1 , COUNTRYSIDE CENTER, UNIT NO. 1 WITH THE WESTERLY LINE OF ILLINOIS ROUTE NO. 47; THENCE SOUTH 69 DEGREES 58 MINUTES 14 SECONDS WEST ALONG SAID SOUTHERNMOST LINE 230.45 FEET TO THE SOUTHERNMOST CORNER OF SAID LOT 6; THENCE SOUTH 19 DEGREES 57 MINUTES 46 SECONDS EAST 192.30 FEET; THENCE NORTH 70 DEGREES 02 MINUTES 14 SECONDS EAST 141 .82 FEET TO SAID WESTERLY LINE; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WESTERLY LINE 211 .98 FEET TO THE POINT OF BEGINNING) OF THE RESUBDIVISION OF PART OF BLOCK 1 , COUNTRYSIDE CENTER, UNIT NO. 1 , AND ALSO THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERNMOST CORNER OF LOT 6 IN SAID RESUBDDVISION; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG THE EAST LINE OF SAID LOT 7 211 .98 FEET FOR THE POINT OF BEGINNING; THENCE SOUTH 85 DEGREES 15 MINUTES 00 SECONDS EAST, 136.94 FEET TO THE EAST LINE OF SAID ILLINOIS ROUTE 47; THENCE SOUTH 02 DEGREES 08 MINUTES 48 SECONDS WEST ALONG SAID EAST LINE, 397.70 FEET; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG SAID EAST LINE, 191 .78 FEET; THENCE NORTH 85 DEGREES 15 MINUTES 00 DEGREES WEST, 150.00 FEET TO THE WEST LINE OF SAID ILLINOIS ROUTE 47; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WEST LINE, 589.05 FEET TO THE POINT OF BEGINNING. IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS. US Route 34 & IL Route 47 (Countryside Shopping Center) page 6 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 Countryside Parkway I� ► tr ► r Block: 104 Parcel: 015 r` �t m 0 0 J T (Q Y ► 0 aft u t6 a U US Route 34 ® a Project Area Boundary Figure 1 Project Area Boundary InswWOMTRITTIMMM TOM Tax Increment Financing Redevelopment Project Area UPS • TPAP III. PROJECT AREA ELIGIBILITY CONDITIONS The conditions summarized in this section are described in detail in a separate report, entitled US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area Eligibility Study (the "Eligibility Study"). The Eligibility Study, prepared by URS•TPAP, presents the defmition, application and extent of the blighted area factors in the Project Area. The Eligibility Study is attached as Exhibit II to this Redevelopment Plan. The Project Area conditions documented in this section are based on surveys and analyses conducted for the City by URS•TPAP. Based on the definitions set forth in the Act, the Project Area is found to be eligible for (i) classification as an improved "blighted area" and (ii) designation as a redevelopment project area. A. Surveys and Analyses Conducted The summary of findings for the Project Area is based upon surveys and analyses conducted by URS•TPAP. The surveys and analyses conducted include: 1 . Exterior survey of the condition and use of each building; 2. Field survey of environmental conditions covering streets, sidewalks, lighting, traffic, parking facilities, landscaping, fences and walls, and general property maintenance; 3 . Analysis of existing uses and their relationships to the surroundings; 4. Comparison of current land use to the current zoning ordinance and the current zoning map; 5. Comparison of surveyed buildings to existing codes of the City; 6. Analysis of original and current platting and building size and layout; 7. Analysis of vacant portions of sites and buildings; 8. Analysis of original and current platting, air photos and building size and layout; 9. Review of previously prepared plans, studies and data; 10. Review of Kendall County Assessor records for assessed valuations and equalization factors for the Project Area for assessment years 1997 to 2003. A Summary of Findings Under the TIF Act, if an area is improved (i.e. contains buildings or site improvements), it may be found to be eligible as a "blighted area" based on the finding that industrial, commercial, and residential buildings or improvements are detrimental to the public safety, health, or welfare because of a combination of five or more of thirteen factors, each of which is (i) present, with that presence documented, to a meaningful extent so that a municipality may reasonably find that the factor is clearly present within the intent of the Act and (ii) reasonably distributed throughout the improved part of the redevelopment project area. US Route 34 & IL Route 47 (Countryside Shopping Center) page 8 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 Based on surveys, inspections and analyses of the Project Area as identified above, the Project Area qualifies as a blighted area. The blighted area findings are summarized as follows: • Five of the thirteen factors set forth in the Act for a blighted area are present to a meaningful extent and reasonably distributed in the Project Area, including obsolescence, deterioration, excessive vacancies, structures below minimum code standards, and declining or lagging equalized assessed valuation. • An additional four factors, including lack of light ventilation or sanitary facilities, environmental remediation and lack of community planning, are present to a more limited extent but support the overall finding of eligibility as a blighted area. • The Project Area includes only real property and improvements thereon substantially benefited by the proposed redevelopment project activities and improvements. US Route 34 & IL Route 47 (Countryside Shopping Center) page 9 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 IV. REDEVELOPMENT GOALS AND POLICIES Comprehensive and coordinated investment in new public and private improvements and facilities is essential for the successful redevelopment of the Project Area and the elimination of conditions that have impeded redevelopment of the Project Area in the past. Redevelopment of the Project Area will benefit the City through improvements in the physical environment, an increased tax base, new commercial opportunities, new jobs and job training opportunities and an increase in the vitality of the Project Area. This section identifies the general goals and objectives for redevelopment of the Project Area. Section V of this Redevelopment Plan describes the overall redevelopment concept for the Project Area, specific design and development goals and redevelopment activities that the City intends to undertake to achieve the redevelopment goals and objectives presented in this Section. A. General Goals Listed below are the general goals for redevelopment of the Project Area. These goals provide overall focus and direction for this Redevelopment Plan. 1 . An environment within the Project Area that will contribute more positively to the health, safety and general welfare of the City, and preserve or enhance the value of properties within and adjacent to the Project Area. 2. Elimination of the factors that qualified the Project Area as a blighted area. 3. An increased real estate tax base for the City and other taxing districts having jurisdiction over the Project Area. 4. Redevelopment of the Project Area in accordance with the Redevelopment Plan, the Comprehensive Plan and contemporary development needs and standards. 5. New commercial development to expand the sales tax and employment base of the City. B. Redevelopment Objectives Listed below are the redevelopment objectives which will guide planning decisions regarding redevelopment within the Project Area. 1 . To reduce or eliminate the conditions which qualify the Project Area as a blighted area and eliminate the influences and manifestations of physical and economic deterioration and obsolescence. 2. Create an environment and provide incentives that stimulate private investment in new construction. 3. Encourage a high-quality appearance of buildings and sites and encourage high standards of design. US Route 34 & IL Route 47 (Countryside Shopping Center) page 10 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 4. Encourage coordinated redevelopment of parcels and structures in order to achieve efficient building design and unified off-street parking and service facilities. 5 . Where appropriate, provide adequate screening and buffering improvements between different land uses. 6. Redevelop underutilized and obsolete sites. US Route 34 & IL Route 47 (Countryside Shopping Center) page 11 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 V. REDEVELOPMENT PROJECT This section presents the Redevelopment Project anticipated to be undertaken by the City and by private entities in furtherance of this Redevelopment Plan. The Redevelopment Project described in this Redevelopment Plan and pursuant to the Act includes: • the overall redevelopment concept and goals; • the land use plan; • development and design objectives; • a description of redevelopment improvements and activities; • estimated redevelopment project costs; • a description of sources of funds to pay estimated redevelopment project costs; • a description of obligations that may be issued; and • identification of the most recent EAV of properties in the Project Area and an estimate of future EAV. A. Overall Redevelopment Concept and Land Use Plan The Project Area should be revitalized and redeveloped as a cohesive, distinctive, and active shopping area with commercial and retail uses that contribute to the vitality of the US Route 34 and IL Route 47 district and provide for the needs of residents, businesses, and visitors. The Project Area should provide employment opportunities and consist of new commercial development that provides contemporary space for retail, restaurant, and service businesses and other uses allowed in the City's commercial district. The Project Area should be served by a street system, parking facilities, access points and public infrastructure that provide safe and convenient access to and circulation within the Project Area for vehicles, pedestrians and bicycles, as appropriate. The Project Area should also be characterized by cohesive urban .design features that organize and provide focus to the Project Area, including quality building materials; pedestrian amenities; distinctive lighting, signage and landscaping; and other appropriate site amenities. Figure 2, Land Use Plan, identifies the land uses to be in effect upon adoption of this Redevelopment Plan. This Redevelopment Plan and the Redevelopment Project described herein conform to the land-use development policies and standards for the City as set forth in the City's 2002 Comprehensive Plan. As indicated in this figure, the Project Area should be designated for commercial uses. US Route 34 & IL Route 47 (Countryside Shopping Center) page 12 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 Countryside Parkway Block; 104 Pa�cel: '0'15 rr 0 0 0 J CIO CU ^L LL U US Route 34 s n s Project Area Boundary Commercial Figure 2 Land Use Plan Tax Increment Financing Redevelopment Project Area URS TPAP B. Development and Design Objectives Listed below are specific development and design objectives that will assist the City in directing and coordinating public and private improvement and investment within the Project Area in order to achieve the general goals and objectives identified in Section Nof this Redevelopment Plan. • Promote quality new commercial developments in the Project Area. • Encourage land use arrangements that buffer adjacent residential neighborhoods from more intensive uses, traffic patterns and other impacts. • Ensure that private development and redevelopment improvements to sites and streetscapes are consistent with public improvement goals and plans for the US Route 34 and IL Route 47 corridors. • Ensure that design, access, parking and circulation in the Project Area enhances the overall commercial environment of the US Route 34 and IL Route 47 corridors and is compatible with adjacent developments. • Promote the use of landscaping and attractive fencing to screen dumpsters, waste collection areas, loading and service areas, and the perimeter of parking lots and other vehicular use areas. • Provide adequate screening and buffering between different land uses. • Ensure high quality and harmonious architectural, signage and landscape design throughout the Project Area. • Promote the use of architectural treatments and landscaping around all sides of new buildings to add visual interest. • Ensure that all commercial parking areas are paved, striped, lighted, well maintained and properly drained. • Upgrade utilities and infrastructure, as required. • As appropriate, install improvements related to traffic engineering and controls, including improvements related to access, ingress, egress, movement, parking and signalization. • Where feasible and appropriate, improve street surface conditions, sidewalks, curbs and gutters, and street lighting. US Route 34 & IL Route 47 (Countryside Shopping Center) page 14 Tax Increment Financing Redevelopment Project and Plan United City of I orlwille September 17, 2004 C. RedevelopmewInTrovements and Activities The City proposes to achieve its redevelopment goals and objectives for the Project Area through the use of public financing techniques including, but not limited to, tax increment financing, to undertake some or all of the activities and improvements authorized under the Act, including the activities and improvements described below. The City also maintains the flexibility to undertake additional activities and improvements authorized under the Act, if the need for activities or improvements changes as redevelopment occurs in the Project Area. The City may enter into redevelopment agreements with public or private entities for the furtherance of this Redevelopment Plan. Such redevelopment agreements may be for the assemblage of land; the construction, rehabilitation, renovation or restoration of improvements or facilities; the provision of services; or any other lawful purpose. Redevelopment agreements may contain terms and provisions, which are more specific than the general principles set forth in this Redevelopment Plan 1. Analysis, Administration, Studies, Surveys, Legal, Marketing, etc. The City may undertake or engage professional consultants, engineers, architects, attorneys, etc. to conduct various analyses, studies, surveys, administration or legal services to establish, implement and manage the Redevelopment Plan. The City may also undertake the cost of marketing sites within the Project Area to prospective businesses, developers and investors. 2. Property Assembly, Site Preparation and Environmental Remediation Property acquisition and land assembly by the private sector or public entities in accordance with this Redevelopment Plan will be encouraged by the City. To meet the goals and objectives of this Redevelopment Plan, the City may acquire and assemble any and all property within the Project Area. Land assemblage by the City may be by purchase, exchange, donation, lease, or eminent domain and may be for the purpose of: (a) sale, lease or conveyance to private developers or other public bodies; or (b) sale, lease, conveyance or dedication for the construction of public improvements or facilities. Furthermore, the City may require written redevelopment agreements with developers before acquiring any properties. As appropriate, the City may devote acquired property to temporary uses until such property is scheduled for disposition and development. Property assembly may also include demolition of buildings, site preparation, and site improvements that serve as an engineered barrier to ground level or below ground level environmental contamination. 3. Provision of Public Works or Improvements The City may provide public improvements and facilities that are necessary to service the Project Area in accordance with the Redevelopment Plan and the Comprehensive Plan. Public improvements and facilities may include, but are not limited to, improvements to streets, sidewalks, utilities and traffic control infrastructure. US Route 34 & IL Route 47 (Countryside Shopping Center) page 15 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 4. Relocation In the event that residents, active businesses or other occupants are displaced by the public acquisition of property, they may be relocated and may be provided with financial assistance and advisory services. Relocation services will be provided in accordance with City policy and the Act. 5, Job Training and Related Educational Programs Programs designed to increase the skills of the labor force that would take advantage of the employment opportunities within the Project Area may be implemented. 6. Building Rehabilitation The City may reimburse all or a portion of the costs incurred by property or business owners that undertake building rehabilitation projects in furtherance of the objectives of this Redevelopment Plan. 7, Interest Subsidies Funds may be provided to redevelopers for a portion of interest costs incurred by a rede- veloper related to the construction, renovation or rehabilitation of a redevelopment project provided that: (a) such costs are to be paid directly from the special tax allocation fund established pur- suant to the Act; (b) such payments in any one year may not exceed 30 percent of the annual interest costs incurred by the redeveloper with respect to the redevelopment project during that year; (c) if there are not sufficient funds available in the special tax allocation fund to make an interest payment, then the amounts so due shall accrue and be payable when suffi- cient funds are available in the special tax allocation fund; (d) the total of such interest payments paid pursuant to the Act may not exceed 30 per- cent of the total (i) cost paid or incurred by a redeveloper for a redevelopment project plus (ii) redevelopment project costs excluding any property assembly costs and any relocation costs incurred by the City pursuant to the Act; and (e) the cost limits set forth in this paragraph in subparagraphs (b) and (d) above shall be modified to permit payment of up to 75 percent of interest costs incurred by a rede- veloper for the financing of rehabilitated or new housing units for low-income house- holds and very low-income households, as defined in Section 3 of the Illinois Afford- able Housing Act. US Route 34 & IL Route 47 (Countryside Shopping Center) page 16 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 A Redevelopment Project Costs The various redevelopment expenditures which are eligible for payment or reimbursement under the Act are reviewed below. Following this review is a list of estimated redevelopment project costs that are deemed necessary to implement this Redevelopment Plan (the "Redevelopment Project Costs"). Eligible Redevelopment Project Costs Redevelopment Project Costs include the sum total of all reasonable or necessary costs incurred, estimated to be incurred, and any costs incidental to this Redevelopment Plan pursuant to the Act. Such costs may include, without limitation, the following: (1) Costs of studies, surveys, development of plans and specifications, implementation and administration of the redevelopment plan including but not limited to, staff and professional service costs for architectural, engineering, legal, financial, planning or other services, provided that no charges for professional services are based on a percentage of the tax increment collected except that on and after November 1 , 1999, no contracts for professional services, excluding architectural and engineering services, may be entered into if the terms of the contract extend beyond a period of 3 years. In addition, "redevelopment project costs" shall not include lobbying expenses; (2) The cost of marketing sites within the redevelopment project area to prospective businesses, developers, and investors; (3) Property assembly costs, including but not limited to, acquisition of land and other property, real or personal, or rights or interests therein, demolition of buildings, site preparation, site improvements that serve as an engineered barrier addressing ground level or below ground environmental contamination, including, but not limited to parking lots and other concrete or asphalt barriers, and the clearing and grading of land; (4) Costs of rehabilitation, reconstruction or repair or remodeling of existing public or private buildings, fixtures, and leasehold improvements; and the cost of replacing an existing public building if pursuant to the implementation of a redevelopment project the existing public building is to be demolished to use the site for private investment or devoted to a different use requiring private investment; (5) Costs of the construction of public works or improvements; except that on and after November 1 , 1999, redevelopment project costs shall not include the cost of constructing a new municipal public building principally used to provide offices, storage space, or conference facilities or vehicle storage, maintenance, or repair for administrative, public safety, or public works personnel and that is not intended to replace an existing public building as provided under paragraph (3) of subsection (g) of Section 11 -74.4-3 unless either (i) the construction of the new municipal building implements a redevelopment project that was included in a US Route 34 & IL Route 47 (Countryside Shopping Center) page 17 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 redevelopment plan that was adopted by the municipality prior to November 1 , 1999 or (ii) the municipality makes a reasonable determination in the redevelopment plan supported by information that provides the basis for that determination, that the new municipal building is required to meet an increase in the need for public safety purposes anticipated to result from the implementation of the redevelopment plan; (6) Costs of job training and retraining projects, including the cost of "welfare to work" programs implemented by businesses located within the redevelopment project area; (7) Financing costs including, but not limited to, all necessary and incidental expenses related to the issuance of obligations and which may include payment of interest on any obligations issued hereunder including interest accruing during the estimated period of construction of any redevelopment project for which such obligations are issued and for a period not exceeding 36 months following completion and including reasonable reserves related thereto; (8) To the extent the municipality by written agreement accepts and approves the same, all or a portion of a taxing district's capital costs resulting from a redevelopment project necessarily incurred or to be incurred in furtherance of the objectives of the redevelopment plan and project; (9) Relocation costs to the extent that a municipality determines that relocation costs shall be paid or is required to make payment of relocation costs by federal or state law; (10) Payment in lieu of taxes as defined in the Act; (11) Costs of job training, retraining, advanced vocational education or career education, including but not limited to courses in occupational, semi-technical or technical fields leading directly to employment, incurred by one or more taxing districts, provided that such costs (i) are related to the establishment and maintenance of additional job training, advanced vocational education or career education programs for persons employed or to be employed by employers located in a redevelopment project area; and (ii) when incurred by a taxing district or taxing districts other than the municipality, are set forth in a written agreement by or among the municipality and the taxing district or taxing districts, which agreement describes the program to be undertaken including but not limited to, the number of employees to be trained, a description of the training and services to be provided, the number and type of positions available or to be available, itemized costs of the program and sources of funds to pay for the same, and the term of the agreement. Such costs include, specifically, the payment by community college districts of costs pursuant to Sections 3-37, 3-38, 3-40, and 3-40. 1 of the Public Community College Act (as cited in the Act) and by school districts of costs pursuant to Sections 10-22.20a and 10-23.3a of the School Code (as cited in the Act); US Route 34 & IL Route 47 (Countryside Shopping Center) page 18 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 (12) Interest costs incurred by a redeveloper related to the construction, renovation or rehabilitation of a redevelopment project provided that: a) such costs are to be paid directly from the special tax allocation fund estab- lished pursuant to the Act; b) such payments in any one year may not exceed 30 percent of the annual inter- est costs incurred by the redeveloper with regard to the redevelopment project during that year; c) if there are not sufficient funds available in the special tax allocation fund to make the payment pursuant to this provision, then the amounts so due shall accrue and be payable when sufficient funds are available in the special tax al- location fund; d) the total of such interest payments paid pursuant to the Act may not exceed 30 percent of the total: (i) cost paid or incurred by the redeveloper for such rede- velopment project, plus (ii) redevelopment project costs excluding any prop- erty assembly costs and any relocation costs incurred by a municipality pursu- ant to the Act; and e) Up to 75 percent of the interest cost incurred by a redeveloper for the financ- ing of rehabilitated or new housing units for low-income households and very low-income households, as defined in Section 3 of the Illinois Affordable Housing Act. (13) Unless explicitly provided in the Act, the cost of construction of new privately- owned buildings shall not be an eligible redevelopment project cost; (14) An elementary, secondary, or unit school district's increased costs attributable to assisted housing units will be reimbursed as provided in the Act; and (15) Up to 50 percent of the cost of construction, renovation and/or rehabilitation of all low- and very low-income housing units (for ownership or rental) as defined in Section 3 of the Illinois Affordable Housing Act. If the units are part of a residential redevelopment project that includes units not affordable to low- and very low-income households, only the low- and very low-income units shall be eligible for benefits under the Act. (16) After November 1 , 1999, none of the redevelopment project costs enumerated in this subsection shall be eligible redevelopment project costs if those costs would provide direct financial support to a retail entity initiating operations in the redevelopment project area while terminating operations at another Illinois location within 10 miles of the redevelopment project area but outside the boundaries of the redevelopment project area municipality. For purposes of this paragraph, termination means a closing of a retail operation that is directly related to the opening of the same operation or like retail entity owned or operated by more than 50% of the original ownership in a redevelopment project area but it US Route 34 & IL Route 47 (Countryside Shopping Center) page 19 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 does not mean closing an operation for reasons beyond the control of the retail entity, as documented by the retail entity, subject to a reasonable finding by the municipality that the current location contained inadequate space, had become economically obsolete, or was no longer a viable location for the retailer or serviceman. If a special service area has been established pursuant to the Special Service Area Tax Act, [35 ILCS 235/0.01 et. seq.] then any tax increment revenues derived from the tax imposed pursuant to the Special Service Area Tax Act may be used within the redevelopment project area for the purposes permitted by the Special Service Area Tax Act as well as the purposes permitted by the Act. Estimated Redevelopment Project Costs A range of redevelopment activities and improvements will be required to implement this Redevelopment Plan. The activities and improvements and their estimated costs are set forth in Exhibit I of this Redevelopment Plan. All estimates are based on 2004 dollars. Funds may be moved from one line item to another or to an eligible cost category described in this Redevelop- ment Plan at the City's discretion. To the extent that municipal obligations have been issued to pay for such Redevelopment Project Costs prior to, and in anticipation of, the adoption of TIF, the City shall be reimbursed from Incremental Property Taxes for such Project Costs. Redevelopment Project Costs described in this Redevelopment Plan are intended to provide an upper estimate of expenditures. Within this upper estimate, adjustments may be made in line items without amending this Redevelopment Plan. In the event the Act is amended by the General Assembly after the date of the approval of this Redevelopment Plan by the City to (a) include new eligible redevelopment project costs, or (b) expand the scope or increase the amount of existing eligible redevelopment project costs (such as, for example, by increasing the amount of incurred interest costs that may be paid under 65 ILCS 5/1 -74.4-3(q)(11)), this Redevelopment Plan shall be deemed to incorporate such additional, expanded or increased eligible redevelopment project costs under the Redevelopment Plan to the extent permitted by the Act. In the event of such amendment(s) to the Act, the City may add any new eligible redevelopment project costs as a line item in Exhibit I or otherwise adjust the line items in Exhibit I without amendments to this Redevelopment Plan, to the extent permitted by the Act. Increases in estimated total Redevelopment Project Costs of more than five percent, after adjustment for inflation from the date of the Redevelopment Plan adoption, are subject to the Redevelopment Plan amendment procedures as provided under the Act. E. Sources of Funds to Pay Redevelopment Project Costs Funds necessary to pay for Redevelopment Project Costs and secure municipal obligations issued for such costs are to be derived primarily from Incremental Property Taxes. Other sources of funds which may be used to pay for Redevelopment Project Costs or secure municipal obligations are land disposition proceeds, state and federal grants, investment income, private financing and other US Route 34 & IL Route 47 (Countryside Shopping Center) page 20 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 legally permissible funds the City may deem appropriate. The City may incur Redevelopment Project Costs, which are paid for from funds of the City other than Incremental Property Taxes, and the City may then be reimbursed for such costs from Incremental Property Taxes. Also, the City may permit the utilization of guarantees, deposits and other forms of security made available by private sector developers. Additionally, the City may utilize revenues, other than State sales tax increment revenues, received under the Act from one redevelopment project area for eligible costs in another redevelopment project area that is either contiguous to, or is separated only by a public right-of-way from, the redevelopment project area from which the revenues are received. The Project Area may, in the future, be contiguous to or separated by only a public right-of-way from other redevelopment project areas created under the Act. The City may utilize net Incremental Property Taxes received from the Project Area to pay eligible redevelopment project costs, or obligations issued to pay such costs, in other contiguous redevelopment project areas or redevel- opment project areas separated only by a public right-of-way, and vice versa. The amount of revenue from the Project Area, made available to support such contiguous redevelopment project areas, or those separated only by a public right-of-way, when added to all amounts used to pay eligible Redevelopment Project Costs within the Project Area, shall not at any time exceed the total Redevelopment Project Costs described in this Redevelopment Plan. The Project Area may become contiguous to, or be separated only by a public right-of-way from, redevelopment project areas created under the Industrial Jobs Recovery Law (65 ILCS 5/11 -74.6- 1, et seq.). If the City finds that the goals, objectives and financial success of such contiguous redevelopment project areas or those separated only by a public right-of-way are interdependent with those of the Project Area, the City may determine that it is in the best interests of the City and in furtherance of the purposes of the Redevelopment Plan that net revenues from the Project Area be made available to support any such redevelopment project areas. The City therefore proposes to utilize net incremental revenues received from the Project Area to pay eligible redevelopment project costs (which are eligible under the Industrial Jobs Recovery Law referred to above) in any such areas and vice versa. Such revenues may be transferred or loaned between the Project Area and such areas. The amount of revenue from the Project Area so made available, when added to all amounts used to pay eligible Redevelopment Project Costs within the Project Area or other areas as described in the preceding paragraph, shall not at any time exceed the total Redevelopment Project Costs described in Exhibit I of this Redevelopment Plan. F. Issuance of Obligations The City may issue obligations secured by Incremental Property Taxes pursuant to Section 11- 74.4-7 of the Act. To enhance the security of a municipal obligation, the City may pledge its full faith and credit through the issuance of general obligation bonds. Additionally, the City may provide other legally permissible credit enhancements to any obligations issued pursuant to the Act. All obligations issued by the City pursuant to this Redevelopment Plan and the Act shall be retired within twenty (20) years of their date of issuance, and no later than December 31 of the year in which the payment to the municipal treasurer is to be paid with respect to ad valorem taxes levied in the twenty-third calendar year after the year in which the ordinance approving the Project Area US Route 34 & IL Route 47 (Countryside Shopping Center) page 21 Tae Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 and credit through the issuance of general obligation bonds. Additionally, the City may provide other legally permissible credit enhancements to any obligations issued pursuant to the Act. All obligations issued by the City pursuant to this Redevelopment Plan and the Act shall be retired within twenty (20) years of their date of issuance, and no later than December 31 of the year in which the payment to the municipal treasurer is to be paid with respect to ad valorem taxes levied in the twenty-third calendar year after the year in which the ordinance approving the Project Area and the Redevelopment Plan was adopted, such ultimate retirement date occurring on December 31 , 2028. In addition to paying Redevelopment Project Costs, Incremental Property Taxes may be used for the scheduled retirement of obligations, mandatory or optional redemptions, establishment of debt service reserves and bond sinking funds and any other lawful purpose. To the extent that Incremental Property Taxes are not needed for these purposes, any excess Incremental Property Taxes shall then become available for distribution annually to taxing districts having jurisdiction over the Project Area in the manner provided by the Act. G. Valuation of the Project Area 11 Most Recent EAV of Properties in the Project Area The most recent EAV of the single tax parcel in the Project Area is estimated to total $1 ,553,330. This EAV is based on the 2003 assessed valuation and is subject to verification by the County Clerk. After verification, the final figure shall be certified by the County Clerk of Kendall County, Illinois. This certified amount shall become the Certified Initial EAV from which all Incremental Property Taxes in the Project Area will be calculated by Kendall County. The Project Area's only parcel has 2003 tax parcel number of 02-28-104-015 and, as stated above, its 2003 EAV is $1,553,330. 2. Anticipated Equalized Assessed Valuation By the year 2028 and following the completion of the Redevelopment Plan and Project, the EAV of the Project Area is estimated to total approximately $8.5 million. This estimate is based on several key assumptions, including: 1) redevelopment of the Project Area will occur in a timely manner; 2) demolition of existing buildings and new construction of approximately 175,000 square feet of retail space; 3) the EAV of new developments in the Project Area will grow at the rate of 2.0 percent per annum; and 4) a state equalization factor of 1 .0000 is used in all years to calculate estimated EAV. US Route 34 & IL Route 47 (Countryside Shopping Center) page 22 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 77, 2004 VI. LACK OF GROWTH AND DEVELOPMENT THROUGH INVESTMENT BY PRIVATE ENTERPRISE As described in Section III of this Redevelopment Plan, the Project Area as a whole is adversely impacted by the presence of numerous blighted area factors, which represent impediments to sound growth and development. Specific findings regarding lack of growth and development through investment by private enterprise include: • The Project Area buildings and site improvements exhibit various levels of deterioration due to lack of maintenance and repair; • Various components of the Project Area buildings are below code standards and have not been corrected through upgrade and rehabilitation; • In the past two years, the equalized assessed valuation of the Project Area has declined and in five of the six years between 1997 and 2003, the growth rate of the total equalized assessed valuation ("EAV") of the Project Area lagged behind the growth rate in the total EAV of the balance of the City as a whole (total EAV of the City less total Project Area EAV). • The average annual growth rate in the total EAV of the Project Area over the past six years (1997 to 2003) was only 3.7% compared to a rate of 14. 1% for the balance of the City as a whole (a rate over three times that of the Project Area). • Despite a strong commercial market location in the City, retailers have progressively vacated or rejected the option of locating in the Shopping Center (evidenced by a chronic vacancy rate, declining retail mix and current vacancy rate of nearly 50%)--resulting in reduced Shopping Center income and lack of ongoing leasehold improvements. In summary, the Project Area as a whole is eligible as a redevelopment project area, based on eligibility for a blighted area. The meaningful presence and reasonable distribution of blighted area conditions are detrimental to the public safety, health, and welfare of the City and provide evidence to support the finding that the Project Area on the whole has not been subject to growth and development through investment by private enterprise and would not reasonably be anticipated to be developed without the adoption of this Redevelopment Plan for the Project Area. US Route 34 & IL Route 47 (Countryside Shopping Center) page 23 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 VII. FINANCIAL IMPACT Without the adoption of this Redevelopment Plan and TIF, the Project Area is not reasonably expected to be redeveloped by private enterprise. In the absence of City-sponsored redevelopment initiatives there is a prospect that blighted area conditions will continue to exist and spread, and the Project Area on the whole and adjacent properties will become less attractive for new development, redevelopment and rehabilitation of existing buildings. In the absence of City-sponsored redevelopment initiatives, erosion of the assessed valuation of property in and outside of the Project Area could lead to a continued reduction of real estate tax revenue to all taxing districts. Section V of this Redevelopment Plan describes the comprehensive Redevelopment Project proposed to be undertaken by the City to create an environment in which private investment can occur. The Redevelopment Project will be staged over a period of years consistent with local market conditions and available financial resources required to complete the various redevelopment improvements and activities as well as the Redevelopment Project set forth in this Redevelopment Plan. Successful implementation of this Redevelopment Plan is expected to result in new private investment in rehabilitation of viable existing buildings and new construction on a scale sufficient to eliminate deteriorating problem conditions and to return the area to a long-term sound condition. The Redevelopment Project is expected to have both short- and long-tern positive financial impacts on the taxing districts affected by the Redevelopment Plan. In the short-term, the City's effective use of TIF can be expected to stabilize existing assessed values in the Project Area, thereby stabilizing the existing tax base for local taxing agencies. In the long-term, after the completion of all redevelopment improvements and activities, the Redevelopment Project and the payment of all Redevelopment Project Costs and municipal obligations, the taxing districts will benefit from any enhanced tax base which results from the increase in EAV caused by the Redevelopment Project. US Route 34 & IL Route 47 (Counhyside Shopping Center) page 24 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 VIII. DEMAND ON TAXING DISTRICT SERVICES The Redevelopment Plan provides for commercial and retail development activity within the Project Area. The exact quantity and type of new development is not known at this time. It is anticipated that redevelopment projects implemented as part of the Redevelopment Project and Plan may cause increased demand for services or capital improvements on some of the taxing districts. The Project Area is comprised of property located within one tax code. The taxing agencies that currently levy taxes against property in the Project Area are: Kendall County, Bristol Township, United City of Yorkville, Waubonsee Junior College 516, Yorkville Bristol Sanitary District, Bristol Kendall Fire District, Kendall County Forest Preserve, Yorkville School District 115, and the Yorkville Library District. It is possible that the replacement of underutilized properties with new commercial/retail development will increase the demand for services such as police protection, sanitary collection, sanitary and storm sewage treatment, etc. However, it is expected that any increase in demand for City and other impacted taxing districts' services can be adequately handled by existing services and facilities. Therefore, at this time, no special programs are proposed for potentially impacted taxing districts. Should demand increase so that it exceeds existing service and program capabilities, the City will work with the affected taxing district to determine what, if any, program is necessary to provide adequate services. US Route 34 & IL Route 47 (Countryside Shopping Center) page 25 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 IX. CONFORMITY OF THE REDEVELOPMENT PLAN AND PROJECT TO THE COMPREHENSIVE PLAN FOR THE DEVELOPMENT OF THE CITY AS A WHOLE This Redevelopment Plan and the Redevelopment Project described herein conform to the comprehensive plan for the City as a whole as set forth in the City's 2002 Comprehensive Plan. US Route 34 & IL Route 47 (Countryside Shopping Center) page 26 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 X. PHASING AND SCHEDULING A phased implementation strategy will be utilized to achieve comprehensive and coordinated redevelopment of the Project Area. It is anticipated that City expenditures for Redevelopment Project Costs will be carefully staged on a reasonable and proportional basis to coincide with Redevelopment Project expenditures by private developers and the receipt of Incremental Property Taxes by the City. The estimated date for completion of Redevelopment Projects is no later than December 31 of the year in which the payment to the City treasurer as provided in the Act is to be made with respect to ad valorem taxes levied in the twenty-third calendar year following the year in which the ordinance approving the Project Area is adopted (i.e., assuming City Council approval of the Project Area and Redevelopment Plan in 2004, by December 31, 2028). US Route 34 & 1L Route 47 (Countryside Shopping Center) page 27 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 XI. PROVISIONS FOR AMENDING THE REDEVELOPMENT PLAN This Redevelopment Plan may be amended pursuant to the Act. USRoute 34 & IL Route 47 (Countryside Shopping Center) page 28 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 XII. COMMITMENT TO FAIR EMPLOYMENT PRACTICES AND AFFIRMATIVE ACTION PLAN The City is committed to and will affirmatively implement the following principles with respect to the Redevelopment Plan: A) The assurance of equal opportunity in all personnel and employment actions with respect to the Redevelopment Plan, including, but not limited to: hiring, training, transfer, promotion, discipline, fringe benefits, salary, employment working conditions, termination, etc., without regard to race, color, religion, sex, age, handicapped status, national origin, creed or ancestry. B) This commitment to affirmative actions will ensure that all members of the protected groups are sought out to compete for all job openings and promotional opportunities. In order to implement these principles for this Redevelopment Plan, the City shall require and promote equal employment practices and affirmative action on the part of itself and its contractors and vendors. In particular, parties engaged by the City shall be required to agree to the principles set forth in this section. US Route 34 & IL Route 47 (Countryside Shopping Center) page 29 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 XIIL IMPACT ON INHABITED RESIDENTIAL UNITS As set forth in the Act, if the redevelopment plan for a redevelopment project area would result in the displacement of residents from 10 or more inhabited residential units, or if the redevelopment project area contains 75 or more inhabited residential units and a municipality is unable to certify that no displacement will occur, the municipality must prepare a housing impact study and incorporate the study in the redevelopment project plan. The Project Area contains no inhabited residential units. Given that this Redevelopment Plan would not result in the displacement of residents from 10 or more inhabited residential units and the Project Area does not contain 75 or more inhabited residential units, the completion of a housing impact study is not required under the Act. US Route 34 & IL Route 47 (Countryside Shopping Center) page 30 Tax Increment Financing Redevelopment Project and Plan United City of Yorkville September 17, 2004 EXHIBIT I : US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area Estimated Redevelopment Project Costs ELIGIBLE EXPENSE ESTIMATED COST Analysis, Administration, Studies, Surveys, Legal, Marketing etc. $250,000 Property Assembly including Acquisition, Site Prep and Demolition, Environmental Remediation $5,000,000 Public Works & Improvements, including streets and utilities and public facilities[" $1,000,000 Interest Subsidies $500,000 Rehabilitation of existing buildings, fixtures and leasehold improvements $250,000 Relocation Costs $ 100,000 Job Training and Vocational Education $ 100,000 TOTAL REDEVELOPMENT PROJECT COSTS $792009000 123131 ['1 This category may also include paying for or reimbursing (i) an elementary, secondary or unit school district's increased costs attributed to assisted housing units, and (ii) capital costs of taxing districts impacted by the redevel- opment of the Project Area. As permitted by the Act, to the extent the City by written agreement accepts and ap- proves the same, the City may pay, or reimburse all, or a portion of a taxing district's capital costs resulting from a redevelopment project necessarily incurred or to be incurred within a taxing district in furtherance of the objectives of the Redevelopment Plan. 121 Total Redevelopment Project Costs exclude any additional financing costs, including any interest expense, capi- talized interest and costs associated with optional redemptions. These costs are subject to prevailing market condi- tions and are in addition to Total Redevelopment Project Costs. 131 Increases in estimated total Redevelopment Project Costs of more than five percent, after adjustment for inflation from the date of the Redevelopment Plan adoption, are subject to the Redevelopment Plan amendment procedures as provided under the Act The amount of the total Redevelopment Project Costs that can be incurred in the Project Area will be reduced by the amount of redevelopment project costs incurred in contiguous redevelopment project areas, or those separated from the Project Area only by a public right-of-way, that are permitted under the Act to be paid, and are paid, from Incremental Property Taxes generated in the Project Area, but will not be reduced by the amount of redevelopment project costs incurred in the Project Area which are paid from Incremental Property Taxes generated in contiguous redevelopment project areas or those separated from the Project Area only by a public right-of-way. Total Redevelopment Project Costs listed above are expected to be paid for with Incremental Property Taxes, how- ever, additional funding from other sources such as federal, state, county, or local grant funds may be utilized to supplement the City's ability to finance Redevelopment Project Costs identified above. EXHIBIT II : US ROUTE 34 & IL ROUTE 47 (COUNTRYSIDE SHOPPING CENTER) TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AREA ELIGIBILITY STUDY US ROUTE 34 & IL ROUTE 47 (COUNTRYSIDE SHOPPING CENTER) TAX INCREMENT FINANCING REDEVELOPMENT PROJECT AREA ELIGIBILITY STUDY United City of Yorkville, Illinois Prepared by URS•TPAP September 17, 2004 TABLE OF CONTENTS I. EXECUTIVE SUMMARY .............................................................................. I IL BASIS FOR REDEVELOPMENT ................................................................... 4 III. THE PROJECT AREA ................................................................................... 5 IV. ELIGIBILITY SURVEY AND ANALYSIS .................................................... 7 V. ELIGIBILITY CONCLUSIONS ..................................................................... 19 APPENDIX — I "United City of Yorkville memorandum and Report of Inspections, 500-546 Countryside Center, February 10, 2004" LIST OF FIGURES Figure 1 : Project Area Boundary Map ............................................................................................. 3 Figure2: Existing Buil ding-Use ....................................................................................................... 6 Figure 3 : Exterior Survey Form........................................................................................................ 8 Figure 4: Distribution of Blight Factors ......................................................................................... 20 LIST OF TABLES Table 1 : Growth in EAV of the Project Area vs. the City of Yorkville.............................................................. ............................................................ 18 L EXECUTIVE SUMMARY The purposes of this report entitled US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project Area Eligibility Study (the 'Eligibility Study") are to: (i) document the conservation factors that are present within the US Route 34 & IL Route 47 (Countryside Shopping Center) Redevelopment Project Area (the 'Project Area") in the United City of Yorkville (the "City"), and (ii) conclude whether the Project Area qualifies for designation as a blighted area within the definitions set forth in the Tax Increment Allocation Redevelopment Act (the "Act"). The Act is found in Illinois Compiled Statutes, Chapter 65, Act 5, Section 11- 74.4-1 et. seq., as amended. The findings and conclusions contained in this Eligibility Study are based on surveys, documentation, and analyses of physical conditions within the Project Area. The City is entitled to rely on the findings and conclusions of this Eligibility Study in designating the Project Area as a redevelopment project area under the Act. URS•TPAP has prepared this Eligibility Study and the related US Route 34 & IL Route 47 (Countryside Shopping Center) Tax Increment Financing Redevelopment Project and Plan (the 'Redevelopment Plan") with the understanding that the City would rely on (i) the findings and conclusions of this Eligibility Study and the related Redevelopment Plan in proceeding with the designation of the Project Area as a redevelopment project area under the Act, and (ii) the fact that URS•TPAP has obtained the necessary information so that the Eligibility Study and the related Redevelopment Plan will comply with the Act. The determination of whether the Project Area qualifies for designation as a blighted area pursuant to the Act is made by the City after careful review and consideration of the conclusions contained in this Eligibility Study. The Project Area is approximately 20.2 acres and is located in the northwest quadrant of the intersection of US Route 34 and IL Route 47. It is comprised of a large single tax parcel that contains an outlot cinema building and a cluster of three buildings organized around an open pedestrian landscaped court. The buildings are surrounded by accessory parking. The boundaries of the Project Area are generally coterminous with the property assigned 2003 tax parcel number 02-28-104-015 plus adjacent right-of-way of IL Route 47. The boundaries of the Project Area are shown on Figure 1 , Project Area Boundary. Existing conditions in the Project Area include extensive long-term vacancies, deteriorated buildings and site improvements, obsolescence based on size, configuration and layout, buildings below minimum local code standards, a declining and lagging equalized assessed valuation, and a need for environmental remediation. These conditions, combined with the general lack of private investment in the area have led the City to initiate the Eligibility Study. The City engaged URS•TPAP to analyze conditions in the Project Area to determine whether the Project Area qualifies for designation as a "redevelopment project area" based on criteria for a "blighted area" contained in the Act. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 1 Eligibility Study Yorkville, Illinois — September 17, 2004 Eligibility Evaluation The approach taken to evaluate the presence of eligibility factors within the Project Area is listed below. • Survey the Project Area to document the physical conditions of buildings and site improvements. • Document and analyze existing land uses and their relationships with one another, and the size, configuration and layout of buildings and parcels. • Review supporting secondary and previously prepared plans and documents, including the zoning ordinance and code violations anlaysis. • Tabulate and map the extent and distribution of blighted factors that exist within the Project Area. • Evaluate the extent and distribution of eligibility factors within the Project Area, and conclude whether the extent and distribution of the factors are sufficient to qualify the area for designation as a redevelopment project area. Summary Conclusions Based on the definitions set forth in the Act, the Project Area is found to be eligible for (i) classification as a "blighted area" and (ii) designation as a redevelopment project area. Specifically, • The Project Area is over 1 '/z acres; • 5 of the 13 blighted area factors, including "obsolescence," "deterioration," "structures below minimum code standards," "excessive vacancies," and "declining or lagging equalized assessed valuation" are present to a meaningful extent and are reasonably distributed throughout the Project Area; • An additional four factors are present to a more limited extent, including "lack of light, sanitation or sanitary facilities," "excessive land coverage and overcrowding of structures and community facilities," "environmental remediation," and "lack of community planning", and support the overall blighted area finding; and • The Project Area includes only real properly and improvements thereon substantially benefited by the proposed redevelopment project improvements. These conclusions are made on the basis that blighted area factors are (i) present to a meaningful extent and (ii) reasonably distributed throughout the Project Area. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 2 Eligibility Study Yorkville, Illinois — September 17, 2004 Countryside Parkway I � p � l Block: 104 Parcel: 015 v 0 0 X J CU C Y � Il � ll ci C U us Route 34 s n s Project Area Boundary Figure 1 Project Area Boundary Tax Increment Financing Redevelopment Project Area URS TPAP II. BASIS FOR REDEVELOPMENT A. Introduction The Illinois General Assembly made two key findings in adopting the Real Property Tax Increment Allocation Redevelopment Act: 1 . That there exist in many municipalities within the State blighted and conservation areas; and 2. That the eradication of blighted areas and the treatment and improvement of conservation areas by redevelopment projects are essential to the public interest. These findings were made on the basis that the presence of blight or conditions which lead to blight are detrimental to the safety, health, welfare and morals of the public. To ensure that the exercise of these powers is proper and in the public interest, the Act also specifies certain requirements which must be met before a municipality can proceed with implementing a redevelopment project. One of these requirements is that the municipality must demonstrate that each prospective redevelopment project qualifies either as a 'blighted area" or as a 'conservation area" or combination thereof, within the definitions set forth in the Act (Section 11-74.4-3, as amended). The definitions pertaining to blighted areas are paraphrased below. B. Eligibility of a Blighted Area A blighted area may be either improved or vacant. If the area is improved, it may be found to be eligible as a blighted area based on the finding that industrial, commercial, and residential buildings or improvements are detrimental to the public safety, health, or welfare because of a combination of 5 or more of the following 13 factors, each of which is (i) present, with that presence documented, to a meaningful extent so that a municipality my reasonably find that the factor is clearly present within the intent of the Act and (ii) reasonably distributed throughout the improved part of the redevelopment project area: 1 . Dilapidation, 2. Obsolescence, 3. Deterioration, 4. Presence of structures below minimum code standards, 5. Illegal use of individual structures, 6. Excessive vacancies, 7. Lack of ventilation, light, or sanitary facilities, 8. Inadequate Utilities, 9. Excessive land coverage and overcrowding of structures and community facilities, 10. Deleterious land-use or lay-out, 11 . Environmental remediation, 12. Lack of community planning, 13 . Total EAV is declining or not keeping pace with the growth in the EAV for the balance of the City. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 4 Eligibility Study Yorkville, Illinois — September 17, 2004 III. THE PROJECT AREA The Project Area encompasses an area of approximately 20.2 acres on a single tax parcel, containing the Countryside Shopping Center (the "Shopping Center") and a separate theatre building on the same property. The Shopping Center leases approximately 158,000 of space. The Shopping Center consists of a cluster of three buildings with the largest building on the north which contains approximately 64,270 square feet of space configured for 10 tenant spaces; the west building contains approximately 52,500 square feet of space configured for 15 tenant spaces; and the east building contains approximately 29,900 square feet of space configured for 11 tenant spaces. The three buildings form a perimeter around a central open and landscaped pedestrian area. A service drive and perimeter parking areas surround the buildings. An 11,150 square foot cinema building is located to the southeast of the primary Shopping Center buildings (the cinema operation is closed). The Project Area is characterized by excessive vacancies, obsolescence, deterioration, code violations, declining equalized assessed valuation and a general lack of maintenance throughout the site. Sixteen of the 36 tenant spaces are vacant. Of the existing tenants, only a few are considered retail in nature. Several tenants include private, public or semi-public office uses. Over the past couple of years, several tenants have been on short-term or month-to-month leases. Figure 2, Existing Building Use, identifies existing uses within the Project Area. Outlots with a variety of freestanding commercial establishments are located adjacent to (but outside of) the Project Area along US Route 34 and IL Route 47. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 5 Eligibility Study Yorkville, Illinois — September 17, 2004 Countryside Parkway Block: 104 Parcel: 015 0 0 X • J O (6 ssu � u L a c U Project Area Boundary US Route 34 Retail Service FTM Public/Semi-Public 0 Vacant Space Figure 2 Existing Building Use IMIMMIT179M � • Tax Increment Financing Redevelopment Project Area URS • TPAP IV. ELIGIBILITY SURVEY AND ANALYSIS FINDINGS An analysis was completed for each of the blight factors listed in the Act based on existing conditions in the Project Area to determine whether any of the factors are present, and if so, to what extent and in what locations. Surveys and analyses included: 1 . Exterior survey of the condition and use of each building; 2. Field survey of environmental conditions covering streets, sidewalks, lighting, traffic, parking facilities, landscaping, fences and walls, and general property maintenance; 3. Analysis of existing uses and their relationships; 4. Comparison of surveyed buildings to local codes of the City; 5. Review of the City of Yorkville code audit report and environmental report. 6. Analysis of original and current platting and building size and layout; 7. Analysis of the assessed valuation of properties over the past five years; and 8. Review of previously prepared plans, studies and data. A. Building Condition Analysis In August 2003, URS•TPAP documented physical conditions by means of an exterior survey of all buildings and properties. Noted during the inspections were structural deficiencies and occupancies of individual buildings and related environmental deficiencies in the Project Area. Summarized below is the process used for assessing building conditions in the Project Area, the standards and criteria used for evaluation, and the findings as to the existence of dilapidation or deterioration of structures. A copy of the Building Condition Survey Manual: Methods and Criteria for Evaluating Structures, which details the methodology used when completing the field survey work, will be provided to the City and filed with the official document. Figure 3, Exterior Survey Form, illustrates the building condition survey form used to record building conditions and eligibility factors. 1. Building Components Evaluated During the field survey, each component of a subject building was examined to determine whether it was in sound condition or had minor, major or critical defects. Building components examined were of two types: Primary Structural These include the basic elements of any building: foundation walls, load bearing walls and columns, roof and roof structure. Secondary Components These are components generally added to the primary structural components and are necessary parts of the building, including porches and steps, windows and window units, doors and door units, chimneys, and gutters and downspouts. US Route 34 & Illinois Route 47 (Counhyside Shopping Center) Redevelopment Project Area page 7 Eligibility Study Yorkville, Illinois — September 17, 2004 a a r I i I V e 3 � scg 5 . a' u I � a o. I s u E' I eF o OCIC .7 9 I I oo I ewR ❑ T F ON w ! ` a o ¢ m LL S L c v O m r Criteria for Classifying Defects for Building Components Each primary and secondary component was evaluated separately as a basis for determining the overall condition of individual buildings. This evaluation considered the relative importance of specific components within a building and the effect that deficiencies in components will have on the remainder of the building. 2 Building Component Classifications The four categories used in classifying building components and systems and the criteria used in evaluating structural deficiencies are described below. Sound Building components which contain no defects, are adequately maintained, and require no treatment outside of normal maintenance as required during the life of the building. Deficient - Requiring Minor Repair Building components which contain minor defects (loose or missing material or holes and cracks over a limited area) which may or may not be corrected through the course of normal maintenance but could be significant depending on the size of the building or number of buildings in a large complex. Buildings with minor defects clearly indicate a lack of or a reduced level of maintenance. Minor defects have limited effect on either primary or secondary components and the correction of such defects may be accomplished by the owner or occupants of either average size residences or smaller commercial buildings. Minor defects are not considered in rating a building as structurally substandard. Deficient - Requiring Major Repair Building components which contain major defects over a widespread area and would be difficult to correct through normal maintenance. Buildings in the major deficient category would require replacement or rebuilding of components or significant upgrading of larger buildings or complexes of buildings by people skilled in the building and maintenance trades. Critical Building components which contain major defects so extensive that the building is classified as substandard (dilapidated) and the cost of and degree of repair would be excessive or unfeasible. Examples of such major defects are bowing, sagging, or settling to any or all exterior component causing the structure to be out-of-plumb, or broken, loose or missing material and deterioration over a widespread area. 3. Final Building Rating After completion of the exterior and interior building condition survey, each individual building was placed in one of four categories based on the combination of defects found in various primary and secondary building components. Each final rating is described below. Sound Sound buildings kept in a standard condition, presently requiring no maintenance. Buildings so classified have less than one minor defect. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 9 Eligibility Study Yorkville, Illinois — September 17, 2004 Deficient Deficient buildings contain defects which collectively are either not easily correctable through normal maintenance or require contracted skills to accomplish the level of improvements as part of maintenance or correction of defects. The classification of major or minor reflects the degree or extent of defects found during the survey of the building. Minor Buildings classified as minor deficient require minor repairs, i.e, the buildings have at least one minor defect, beyond normal maintenance, in one of the primary components or in the combined secondary components but contain less than one major defect. Manor Buildings classified as major deficient require major repairs, i.e., the buildings have at least one major defect in either one of the primary components or in the combined secondary components, but contain less than one critical defect. Substandard Structurally substandard buildings contain defects which are so serious and so extensive that the building must be removed. Buildings classified as structurally substandard have two or more major defects on any of the primary or secondary components. Minor deficient and major deficient buildings are considered to be the same as deteriorating buildings as referenced in the Act; substandard buildings are the same as dilapidated buildings. The words building and structure are presumed to be interchangeable. B. Presence of Blighting Factors Summarized below are the conclusions of the surveys and analyses completed for each blighting factor based on existing conditions within the Project Area. The conclusions indicate whether the factor is found to be present within the Project Area, and the relative extent to which the factor is present. A factor noted as 'hot present" indicates either that no information was available or that no evidence could be documented as part of the various surveys and analyses which would indicate its presence. A factor noted as "present to a limited extent' indicates that the factor is present, but the distribution or impact of the factor is limited. Finally, a factor noted as "present to a major extent' indicates that the factor is present throughout major portions of the Project Area, and that the presence of such conditions has a major adverse impact or influence on adjacent and nearby development. 1. Dilapidation As defined in the Act, "dilapidation " refers to an advanced state of disrepair or neglect of necessary repairs to the primary structural components of buildings or improvements in such a combination that a documented building condition analysis determines that major repair is required or the defects are so serious and so extensive that the buildings must be removed. The condition of all buildings was determined based on findings of an exterior survey of each building group within the Project Area, as described earlier in this Eligibility Study. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 10 Eligibility Study Yorkville, Illinois — September 17, 2004 Of the three building groups and the theatre, most indicate limited deterioration or defects. Conclusion The results of the analysis indicate that the factor of "dilapidation " is not present in the area 2. Obsolescence As defined in the Act, "obsolescence " refers to the condition or process of falling into disuse. Structures have become ill suited for the original use. In making findings with respect to buildings, it is important to distinguish between functional obsolescence, which relates to the physical utility of a structure, and economic obsolescence, which relates to a property's ability to compete in the market place. Functional Obsolescence Structures historically have been built for specific uses or purposes. The design, location, height and space arrangement are intended for a specific occupancy at a given time. Buildings become obsolescent when they contain characteristics or deficiencies which limit the use and marketability of such buildings. The characteristics may include loss in value to a property resulting from an inherent deficiency existing from poor design or layout, improper orientation of a building on site, etc., which detracts from the overall usefulness or desirability of a property. Economic Obsolescence. Economic obsolescence is normally a result of adverse conditions which cause some degree of market rejection and, hence, depreciation in market values. Typically, buildings classified as dilapidated and buildings which contain vacant space are characterized by problem conditions which may not be economically curable, resulting in net rental losses and/or depreciation in market value. Site improvements, including sewer and water lines, public utility lines (gas, electric and telephone), roadways, parking areas, parking structures, sidewalks, curbs and gutters, lighting, etc., may also evidence obsolescence in terms of their relationship to contemporary development standards for such improvements. Factors of this obsolescence may include inadequate utility capacities, outdated designs, etc. Obsolete buildings contain characteristics or deficiencies which limit their long-term sound use or re-use. Obsolescence in such buildings is typically difficult and expensive to correct. Obsolete building types have an adverse effect on nearby and surrounding development and detract from the physical, functional and economic vitality of the area. Obsolescence, as a factor, should be based upon the documented presence and reasonable distribution of buildings and site improvements evidencing such obsolescence. The following characteristics of obsolescence are found to be present. Built in 1972, the Shopping Center's site design and buildings are considered economically and functionally obsolete. Vacancies are one indicator of this obsolescence. Another indicator of obsolescence is the declining presence of retailers, which shows that the Shopping Center does not US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 11 Eligibility Study Yorkville, Illinois — September 17, 2004 offer competitive space for current retail demands. Kendall County Health and Human Services occupied an anchor of one building and recently moved out and a Senior Services Center anchors another building. The third building has only one anchor space, which is vacant. Aside from the few retailers that remain, the Shopping Center is dominated by service uses and not-for-profit office and community spaces. Physical characteristics contributing to obsolescence include relatively small "anchor" spaces; poor visibility of various sections of the Shopping Center from the arterials; poor sight lines from pedestrian paths to, from and around the center; difficult and inadequate loading and service amenities; and parking that is not convenient for quick stop shopping--particularly to the smaller inline spaces. The factor of obsolescence is present to a meaningful extent and reasonably distributed throughout the shopping center. Conclusion The results of the analysis indicate that the factor of "obsolescence " is present to a meaningful extent and reasonably distributed throughout the Project Area. 3. Deterioration As defined in the Act, "deterioration " refers to, with respect to buildings, defects including, but not limited to, major defects in the secondary building components such as doors, windows, porches, gutters and downspouts, and fascia. With respect to surface improvements, the condition of roadways, alleys, curbs, gutters, sidewalks, off-street parking, and surface storage areas evidence deterioration, including, but not limited to, surface cracking, crumbling, potholes, depressions, loose paving material, and weeds protruding through paved surfaces. Based on the definition given by the Act, deterioration refers to any physical deficiencies or disrepair in buildings or site improvements requiring treatment or repair. • Deterioration may be evident in basically sound buildings containing minor defects, such as lack of paint, loose or missing materials, or holes and cracks over limited areas. This deterioration can be corrected through normal maintenance. • Deterioration which is not easily correctable and cannot be accomplished in the course of normal maintenance may also be evident in buildings. Such buildings may be classified as minor deficient or major deficient buildings, depending upon the degree or extent of defects. This would include buildings with defects in the secondary building components (e.g., doors, windows, porches, gutters and downspouts, fascia materials, interior walls, ceilings, stairs etc.), and defects in primary building components (e.g., foundations, frames, roofs, floors, load-bearing walls or building systems, etc.), respectively. Within the Project Area, deterioration is highlighted as follows: Deterioration of Buildings The analysis of building deterioration is based on the survey methodology and criteria described in the preceding section entitled 'Building Condition Analysis" (see page 11 ). Of the total 4 buildings within the Project Area, all are classified as deteriorating. As noted in the following summary, building and structure deterioration exists in the Project Area. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 12 Eligibility Study Yorkville, Illinois — September 17, 2004 Exterior Survey The conditions of the buildings within the Project Area were determined based on observable components and the degree and distribution of minor and major defects. Components of each building found in deteriorating conditions are noted on the field survey forms previously referenced in the report and will be made available to the City. Of the total 4 buildings: 0 buildings were classified as structurally sound; 4 buildings were classified as minor deficient (deteriorating); 0 buildings were classified as major deficient (deteriorating); and 0 buildings were classified as substandard (dilapidated). While deterioration and related defects noted on the exterior were considered to be of a minor degree or extent relative to the large complex on various components, corrective action as part of a restoration or improved maintenance effort would be extensive due to the size of the center with three large complexes of building groups. Deterioration was noted as follows: • Shake cedar roof shingles deteriorated, mildewed around dormers and limited areas of the complex • Rusted light fixtures under sidewalk canopies • Rusted electrical circuit panels • Brick pier damage around loading area • Dented and damaged downspouts and gutters • Deteriorated and broken or missing vertical boards at garbage enclosures • Signs of roof seepage from stained or missing ceiling tile where visible • Caulking missing or loose on most windows • Pointing of masonry needed around parapet walls Deterioration of Parking and Site Surface Areas and Improvements Site improvements, including landscaping, planters, retaining walls, sidewalks under canopies, benches and shelters exhibit widespread deterioration with cracked, loose or missing materials. The perimeter roadway and parking areas are severely deteriorated with cracked and loose asphalt pavement, many sections with weed growth protruding through the surfaces. Conclusion "Deterioration " is present to a meaningful extent and reasonably distributed throughout the Project Area. 4. Illegal Use of Individual Structures As defined in the Act, "illegal use of individual structures " refers to the use of structures in violation of applicable federal, State, or local laws, exclusive of those applicable to the presence ofstructures below minimum code standards. No uses or businesses of the Project Area were noted to be of an illegal activity. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 13 Eligibility Study Yorkville, Illinois — September 17, 2004 Conclusion The results of the analysis indicate that the factor of "illegal uses of individual structures " is not found to be present throughout the Project Area 5. Structures Below Minimum Code Standards As defined in the Act, the `presence of structures below minimum code standards " refers to all structures that do not meet the standards of zoning, subdivision, building, fire, and other governmental codes applicable to property, but not including housing and property maintenance codes. As referenced in the definition above, the principal purposes of governmental codes applicable to properties are to require buildings to be constructed in such a way as to sustain safety of loads expected from the type of occupancy; to be safe for occupancy against fire and similar hazards; and/or to establish minimum standards essential for safe and sanitary habitation. Structures below minimum code standards are characterized by defects or deficiencies that threaten health and safety. A detailed code audit of all buildings and stores was conducted by the City of Yorkville Building Department on February 10, 2004. The inspections revealed extensive non-code compliance and violations in building, fire, electrical, plumbing and HVAC as well as ADA (American Disability Act) requirements exhibited by masonry wall deterioration, lack of fire suppression, electrical hazards between the roof deck and finished ceilings, and insufficient roof system. These conditions are present to a meaningful extent and reasonably distributed throughout the center. See Appendix I, "United City of Yorkville memorandum and Report of Inspections, 500-546 Countryside Center, February 10, 2004" at the end of this report. Conclusion The results of the analysis, based on the City Inspection Report, is that the factor of "structures below minimum code standards " is present to meaningful extent and reasonably distributed throughout the Project Area 6. Excessive Vacancies As defined in the Act, "excessive vacancies " refers to the presence of buildings that are unoccupied or under-utilized and that represent an adverse influence on the area because of the frequency, extent, or duration of the vacancies. Each of the three building groups is currently between 30 to 50 percent vacant. This vacancy pattern has persisted over the past few years. Currently, according to the latest leasing record, 15 of 36 stores are vacant, including one or more anchor spaces in each of the retail buildings. Vacant anchor spaces have a strong negative impact on the ability of inline stores to remain viable. Of the total 157,892 square feet of space in the Shopping Center, 75,061 square feet (47.5 percent) is vacant, including the theatre building. Several remaining tenants have been located in the Shopping Center with only a month-to-month lease contributing to a pattern of turnover and US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 14 Eligibility Study Yorkville, Illinois — September 17, 2004 vacancy. The degree and length of vacancy within the Shopping Center has been sustained, extensive and chronic over the past few years. Conclusion The factor of "excessive vacancies " is present to a meaningful extent and reasonably distributed throughout the Project Area 7. Excessive Land Coverage and Overcrowding of Structures and Community Facilities As defined in the Act, "excessive land coverage and overcrowding of structures and community facilities " refers to the over-intensive use of property and the crowding of buildings and accessory facilities onto a site. Examples of problem conditions warranting the designation of an area as one exhibiting excessive land coverage are: the presence of buildings either improperly situated on parcels or located on parcels of inadequate size and shape in relation to present-day standards of development for health and safety and the presence of multiple buildings on a single parcel. For there to be a finding of excessive land coverage, these parcels must exhibit one or more of the following conditions: insufficient provision for light and air within or around buildings, increased threat of spread offire due to the close proximity of buildings, lack of adequate or proper access to a public right-of-way, lack of reasonable required off-street parking, or inadequate provision for loading and service. The four buildings of the Shopping Center are situated on one tax parcel along with attendant surface parking lots. An exterior survey of loading and service areas flags problems with access for several tenants. The building coverage and configuration of stores either limits or inhibits adequate loading due to the lack of rear access to all stores. Most of the smaller storefronts face the interior pedestrian court area and are accessible only by the pedestrian ways on the interior of the complex. Conclusion The factor of "excessive land coverage and overcrowding of structures and community facilities " is present at least to a limited extent in portions of the Project Area. 8. Lack of Ventilation, Light, or Sanitary Facilities As defined in the Act, lack of ventilation, light, or sanitary facilities refers to the absence of adequate ventilation for light or air circulation in spaces or rooms without windows, or that require the removal of dust, odor, gas, smoke, or other noxious airborne materials. Inadequate natural light and ventilation means the absence or inadequacy of skylights or windows for interior spaces or rooms and improper window sizes and amounts by room area to window area ratios. Inadequate sanitay facilities refers to the absence or inadequacy of garbage storage and enclosure, bathroom facilities, hot water and kitchens, and structural inadequacies preventing ingress and egress to and from all rooms and units within a building. The City's code inspection report (see Appendix I) indicates inadequate ventilation in rooms with heating fixtures and inadequate facilities such as a lack of hot water and plumbing problems related US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 15 Eligibility Study Yorhnille, Illinois — September 17, 2004 to the sanitary requirements in a number of bathrooms and related fixtures throughout the Project Area. Conclusion The factor of "lack of ventilation, light or sanitary facilities " is present to limited extent. 9. Inadequate Utilities As defined in the Act, "inadequate utilities " refers to underground and overhead utilities such as storm sewers and storm drainage, sanitary sewers, water lines, and gas, telephone, and electrical services that are shown to be inadequate. Inadequate utilities are those that are: (i) of insufficient capacity to serve the uses in the redevelopment project area, (ii) deteriorated, antiquated, obsolete, or in disrepair, or (iii) lacking within the redevelopment project area. No existing utility system problems have been identified or brought forth as part of the surveys and analysis. However, upgrading of existing sanitary, storm and water systems may be required in conjunction with new development. Conclusion "Inadequate utilities " are not sufficiently documented as being present in the Project Area. 10. Deleterious Land-Use or Layout As defined in the Act, "deleterious land-use or layout" refers to the existence of incompatible land-use relationships, buildings occupied by inappropriate mixed-uses, or uses considered to be noxious, offensive, or unsuitable for the surrounding area. No incompatible relationships between uses can be considered as having an improper impact within the complex. Conclusion "Deleterious land-use or layout " is not present. 11. Lack of Community Planning As defined in the Act, "lack of community planning " means that the proposed redevelopment project area was developed prior to or without the benefit or guidance of a community plan. This means that the development occurred prior to the adoption by the municipality of a comprehensive or other community plan or that the plan was not followed at the time of the area 's development. This factor must be documented by evidence of adverse or incompatible land-use relationships, inadequate street layout, improper subdivision, parcels of inadequate shape and size to meet contemporary development standards, or other evidence demonstrating an absence of effective community planning. US Route 34 & Illinois Route 47 (Counhyside Shopping Center) Redevelopment Project Area page 16 Eligibility Study Yorkville, Illinois — September 17, 2004 The center was built in 1972--a few of years before Yorkville adopted its first comprehensive plan in 1974. In general, comprehensive plans are intended for long-range land use recommendations and establish official policy guides for future growth and development on a community-wide basis. They generally are not intended to provide guidelines for a single site development such as US Route 34 & IL Route 47. The siting of the Shopping Center at the intersection of two arterials is consistent with generally sound community land use principles. The access and layout of the shopping center also appears consistent with development standards of the time, but as is indicated above in the discussion of obsolescence, the site layout of the center is problematic relative to today' s standards. Because the community did not have a plan in place at the time of its development, "lack of community planning" is at least present to a limited extent. Whether the community undertook sufficient analysis of market viability over the near, immediate and long-term at the time of development in order to relate its scale and function to existing and/or planned residential or other development is unclear. Planning practices/tools at the time of development as well as the early history of the Shopping Center's performance and viability might provide additional evidence of the absence of effective community planning. Conclusion "Lack of community planning " as a factor is present to a limited extent throughout the Project Area 12. Environmental Remediation As defined in the Act, "environmental remediation " means that the area has incurred Illinois Environmental Protection Agency or United States Environmental Protection Agency remediation costs for, or a study conducted by an independent consultant recognized as having expertise in environmental remediation has determined a need for, the clean-up of hazardous waste, hazardous substances, or underground storage tanks required by State or federal law, provided that the remediation costs constitute a material impediment to the development or redevelopment of the redevelopment project area. Based on the Phase I Environmental Assessment prepared by LFR Levin•Fricke and dated June 28, 2002, it appears that the need for environmental remediation is present at least to a limited extent throughout the Shopping Center. Hazardous material inside the complex (asbestos) and a UST (underground storage tank) associated with the cleaners are cited as issues requiring remediation. Conclusion The factor of "environmental remediation " is present to a limited extent in the Project Area 13. Declining or Lagging Equalized Assessed Valuation As defined in the Act, a "declining or lagging equalized assessed valuation " means that the total EAV of the proposed redevelopment project area has declined for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the balance of the municipality for 3 of the last 5 calendar years for which information is available or is increasing at an annual rate that is less than the Consumer Price Index for All Urban US Route 34 & Illinois Route 47 (Counhyside Shopping Center) Redevelopment Project Area page 17 Eligibility Study Yorkville, Illinois — September 17, 2004 Consumers published by the United States Department of Labor or successor agency for 3 of the last 5 calendar years for which information is available. Table 1 : Growth of the Project Area vs. the City of Yorkville Proposed Route 34 and Route 47 TIF Redevelopment Project Area Total EAV of the City of Yorkville (excluding Total EAV of the Year Project Area) % change Project Area % change 1997 989087,469 19295,904 1998 103,4729718 5.50/. 1,295,904 0.0% 1999 109,116,164 5.5% 11295,904 0.0% 2000 116,367,823 6.6% 112959904 0.0% 2001 133,394,743 14.6% 1,8079000 39.4% 2002 1639091,454 22.3% 1,6669600 -7.8% 2003 1999768,005 22.5% 19553,330 -6.8% In five of the six years between 1997 and 2003, the growth rate of the total equalized assessed valuation of the Project Area lagged behind the growth rate in the total EAV of the balance of the City as a whole (total EAV of the City less total Project Area EAV). Conclusion The factor of "declining or lagging equalized assessed valuation " is present to a meaningful extent and reasonably distributed throughout the Project Area. USRoute 34 & Illinois Route 47 (Counoyside Shopping Center) Redevelopment Project Area page 18 Eligibility Study Yorkville, Illinois — September 17, 2004 V. ELIGIBILITY CONCLUSIONS The Project Area meets the requirements of the Act for designation as an "improved blighted area." There is a meaningful presence and a reasonable distribution of five of the thirteen factors listed in the Act. These include: 1 . Obsolescence 2. Deterioration 3. Excessive vacancies 4. Structures below minimum code standards 5. Declining or lagging EAV Additionally, there are four (4) factors present to a lesser degree and include: 1 . Excessive land coverage and overcrowding of structures and community facilities 2. Lack of ventilation, light or sanitary facilities 3. Environmental remediation 4. Lack of community planning The distribution and summary of blight factors is indicated in Figure 4, Distribution of Blight Factors. The conclusion of the Eligibility Study is that the Project Area is in need of redevelopment to ensure that it will contribute to the long-term physical, economic, and social well-being of the City. The presence of blighting factors in the Project Area indicates that the Project Area has not been subject to sound growth and development through investment by private enterprise, and is not reasonably anticipated to be redeveloped without public action. US Route 34 & Illinois Route 47 (Countryside Shopping Center) Redevelopment Project Area page 19 Eligibility Study Yorkville, Illinois — September 17, 2004 Countryside Parkway , sallow , Block: 104 Parcel: 015 r` 1, 2131415, 6*, 7*r8*, 9* (D 0 X Q) m C0 m Y N Q. r✓ C N U s Project Area Bounda Blight Factors: 1 . Obsolescence 2. Deterioration 3. Structures below V 3 minimum code standards Route 34 4. Excessive vacancies 5. Declining or lagging equalized assessed value 6. Lack of community planning 7. Lack of light, ventilation, and sanitary facilities 8. Environmental remediation 9. Excessive land coverage/overcrowding * Indicates factor present to a limited extent Figure 4 Distribution of Blight Factors 'N ; '"M JAPIM M71 Tax Increment Financing Redevelopment Project Area URS • TPAP APPENDIX I: "UNITED CITY OF YORKVILLE MEMORANDUM AND REPORT OF INSPECTIONS, 500-546 COUNTRYSIDE CENTER, FEBRUARY 10, 2004" ? United City of Yorkville esr. 1 7836 County Seat of Kendall County - 1 ` 800 Game Farm Road < co Yorkville, Illinois 60560 O O Phone: 630-553-4350 Fax: 630-553-7575 Report of Inspections 500-546 Countryside Center February 10 , 2004 Following is a report of inspections made of the Countryside Center located at 500-546 Countryside Center, Yorkville, Illinois: BUILDING INSPECTION: All buildings involved had four (4) common deficiencies: a. Masonry wall deterioration b. No fire suppression C. Electrical hazards between roof deck and finished ceilings d. Insufficient,roof system Building No. i (units 511 -524) Flat roof design has corrugated steel pan deck over steel bar joists ; roof covering materials are unknown. M Original gravel ballust material has been removed. No fire suppression system installed Trash incinerator located at northwest corner is accessible to the public, with openings to the unit itself causing a safety hazard. Multiple areas of brick parapet walls show visible signs of deterioration at mortar joints, loose wall coping and flashing materials. M All units revealed visible signs of past or present roof leaks. Wet spray cellulose insulation applied to bottom of roof deck is falling in various areas throughout the building. The structural beam support located at the exterior wall appears to be masonry block only with no structural columns . 1 511 Countryside: • 12 inch masonry wall has 8 inch CMU and 4 inch brick veneer lateral separations and stress cracks, vertical displacement at various areas of south, west and north walls. • Floor covering throughout appears to be vinyl asbestos floor tile. The roof top HVAC system has various sections of ductwork disconnected or removed. 518 Countryside: • Storage area above kitchen and utility area are without fire suppression system. Storage area above kitchen/utility area is accessed from a non-fire rated wood pull down ladder system. 100 gallon gas fired water heater located in approximately 5 ' x 5 ' room does not have the required net area for combustion make-up air. Room is accessed through a non-rated door assembly. Building No. 2 (units 532-546 - Approximate age 32 years) • Flat roof design has corrugated steel pan deck over steel bar joists. The roof covering is unknown. The gravel ballust has been removed. • No fire suppression system installed. • Trash incinerator located at east wall is accessible to the public creating a safety hazard. Multiple areas of brick parapet walls show signs of deterioration_ • Roof to wall flashing missing above roof canopy at southwest corner. • Two units showed visible signs of active roof leaks. • Wet spray cellulose insulation applied to bottom of roof deck is falling from better than 50% of the building. • Over 50% of the roof area on this building is deteriorated and actively leaking. What appears to be mold is evident in various areas throughout the building. • Structural beam support at exterior walls appear to be masonry block only — no structural columns. 532 Countryside: Active roof leak • Concrete masonry wall unit at east wall has stress cracks under steel beam down to footing. Entire wall has visible signs of moisture penetration and efflorescence and vertical displacement of CMU' s. 2 538 Countryside: • Active roof leak • Floor covering appears to be vinyl asbestos floor tile. Building No. 3 (units 500-509 approximately age 32 years) • Flat roof design • Open wiring to unit signage • Loading dock at southwest comer has flashing missing above roof canopy. • Parapet wall at northeast comer has cracked brick. • Unit wall separation at exterior wall comer (unit 503 to main building) Trash incinerator located at north wall is accessible to the public creating a public safety problem. • Service corridor on north end of building houses main sprinkler system with no RPZ valve. Service corridor has high voltage electrical panels that are unlocked and accessible. • Structural beam support at exterior walls appear to be masonry block only with no structural columns. 501 Countryside: • Wet spray cellulose insulation has dropped from roof deck. 502 Countryside: • Wet spray cellulose insulation has dropped. 503 Countryside: (Laundromat) • Appliance service room has open air shafts to roof. • Dryer exhaust ductwork is inadequately attached in two areas with no visible service access to vertical ductwork. Cedar shake roof covering has missing materials and overall condition is greatly deteriorated. 3 ELECTRICAL INSPECTIONS : 546 Countryside: • Openings in panel board must be closed. • Face plates must be installed on switches and receptacles 542 Countryside: • GFCI required in bathroom • Lay in fixtures must be secured to ceiling grid. 540 Countryside: • Panel boards and disconnects are not allowed in bathroom or closest. • Lay in fixtures must be secured to ceiling grid. • Recess lights must be secured to ceiling grid, not just laying on ceiling tiles. • Bonding of water and gas piping required. • GFCI required in bathrooms. All low voltage wiring must be secured to building structure; not laying on top of ceiling grid. 538 Countryside: • NM cable not allowed in this type of construction. • NM cable not allowed above drop ceiling grid. • Ceiling must be installed with listed fan boxes and secured to building structure. • GFCI required in bathroom. • All open J boxes and unused openings in boxes must be closed. • Secure low voltage wiring to building structure and remove all unused wiring. 536 Countryside: • Lay in fixtures must be secured to ceiling grid. All low voltage wiring must be secured to building structure not lying on top of drop ceiling grid. • Bonding of water and gas piping required. - GFCI required in bathroom • All open J boxes and unused openings must be closed. 4 534 Countryside: NM cable not allowed above drop ceiling. • Open J boxes and unused openings in boxes must be closed. • Lay in fixtures must be secured to ceiling grid. • GFCI required in bathroom • Bonding of water and gas required. 533 Countryside: • NM cable not allowed in this type of construction or above drop ceilings. • All open J boxes and unused openings in boxes must be closed. • GFCI required in bathroom. • Bonding of water and gas required. 532 Countryside: Open 277/480v panel boards must be covered. • Equipment grounds must be installed in flex transformer. All open J boxes and unused openings must be closed. • GFCI required in bathroom. • Bonding of water and gas piping required. • Flex cables over 6' not allowed. 524 Countryside: • GFCI required in bathroom. Laying flour fixtures must be secured to ceiling grid and building structure. 522 Countryside: • GFCI required in bathrooms. • Panel board not allowed in closet. - • Laying floor fixtures must be secured to ceiling grid and building structures. • EM lights required. 5 518 Countryside: • Disconnects require grounding and bonding. • Telephone board required to be grounded. • . All cables must be secured above drop ceiling. • Disconnect switch required at water heater. • Open T Boxes and unused openings in boxes must be closed. • Laying in flour fixtures must be secured to ceiling grid and building structure. 517 Countryside: • NM cable not allowed in this type of construction. • NM cable not allowed above drop ceiling. • Illuminated exit signs required. • Emergency lights required. • Lay in floor fixtures are required to be secured to ceiling grid and building structure. Listed ceiling fan boxes required and secured to building structure. Open wiring above ceiling must be closed. Unused cables must be removed above ceiling. 516 Countryside: Open 7 boxes and openings in boxes required to be closed. All unused cables must be removed. • Ceiling fans required to be secured to building structure and installed on listed fan boxes. Illuminated exit signs required. 514 Countryside: NM cable to 50a receptacle not allowed above drop ceiling grid. NM not allowed in this type of construction. 514 A — Exit signs and emergency lighting required. 513 Countryside: Lay in fixtures not secured to ceiling grid or building structure. Cables and open wiring lying on top of ceiling grid is not allowed. 6 511 Countryside: • Open J boxes tom out. • No exit signs at fire exits. • Panel boards not protected from forklift traffic. • Class II wiring mixed with line voltage. • Panel boards and main distribution panel not labeled or identified. • 120v and 208v mixed with 277v 480v. • 480v panel boards not identified. • All ceiling mounted furnaces required to have disconnect switches. Exit and emergency lighting not operative. Overhead lighting not secured to building structure. • Lay in fixtures not secured to ceiling grid. Equipment grounds required in flex feed on all transformers. • All transformers must have proper ventilation — minimum of 6" from all walls and obstructions. Three or more circuits feeding through floor fixtures are not allowed. Public Restroom: • Exits signs are required. Emergency lights are not operating. Maintenance Garage: Exposed NM cable not allowed in this type of construction. Open J boxes must be closed and unused openings in boxes must be sealed. • Open conductor wire not allowed to run from fixture to fixture. 7 PLUMBING INSPECTIONS 546 Countryside: • Restroom in bad condition; sink is ready to fall off the wall. 544 Countryside: Restroom in good working condition. • Not handicapped accessible. 542 Countryside: Restroom is in good condition Not handicapped accessible. 540 Countryside: One restroom in fair condition. 538 Countryside: One restroom functions properly One restroom has a non-working toilet and a leaking sink. No hot water. 536 Countryside: • One restroom in fair condition. • Utility sink by water heater appears to have an un-vented trap. • Water heater tap valve has a plastic drop tube extra unused gas cock not plugged. Restroom is not handicapped accessible. 534 Countryside: One restroom in good condition • Not handicapped accessible. 533 Countryside: One restroom in good condition. • Not handicapped accessible. 8 524 Countryside: • No gas cock on water heater gas pipe. • Fixture stop handle leg broke off in main restroom. 523 Countryside: Restroom toilet not working properly. • Sink is inoperative • No hot water 522 Countryside: • Fixture stop handle is broke. • No hot water 520 Countryside: . • All restroom fixtures need overhaul. 518 Countryside: Triple bowl sink drain in kitchen - indirect waste splashes on floor. 517 Countryside: • No hot water, • Laundry sink in bathroom drain leaks. 516 Countryside: Pop-up assembly on restroom sink is disconnected. 514 Countryside: No Plumbing 513 Countryside: • Restroom has no hot water. • Toilet does not flush properly • Aerators need to be replaced. 511 Countryside: Men' s Restroom 9 • Pop-up assembly on sink faucet is broken. Faucet assembly needs to be replaced. • Toilet sink broken. Women' s Restroom • Restroom sink faucet leaks around handle. • On the west side, disconnected plumbing leaves open drains. Restrooms in loft • Faucet aerations are bad. • Toilet tank cover missing. • Open drain on removed sink by water meter. • There is an illegal cross connection on the water heater above janitor' s closet — the valve is broken off for outside hydrant. Martial Arts Studio • One restroom in working condition • Not handicapped accessible Community Restroom: • No water on at toilet and sinks • Urinal leaks at trap Maintenance Shop : • No hot water • Toilet does not flush properly. Respectfully Submitted By: William A. Dettmer, Code 0 icial 10 ORDINANCE No. 2005-a.k ORDINANCE APPROVING THE REDEVELOPMENT AGREEMENT FOR THE COUNTRYSIDE CENTER, YORKVILLE, ILLINOIS BE IT ORDAINED, by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, that the Redevelopment Agreement for the Countryside Center, Yorkville, Illinois, by and among the United City of Yorkville, a municipal corporation, T-L Countryside, LLC, a Delaware limited liability company and Tri-Land Properties, Inc., an Illinois corporation, is hereby approved and the Mayor and the City Clerk are hereby authorized to execute and deliver said Agreement and undertake any and all actions necessary to implement or cause the implementation of all provisions contained therein PASSED this day of 2005. APPROVED: <e-14,ZfZ f Mayor /// Attest: ,M yurkviIlemoust side,ord REDEVELOPMENT AGREEMENT FOR THE COUNTRYSIDE CENTER, YORKVILLE, ILLINOIS THIS AGREEMENT dated as of the '-":K_ day of March 2005, by and among the United City of Yorkville, Kendall County, Illinois, a municipal corporation (hereafter the "City"), T-L Countryside LLC, a Delaware limited liability company (hereafter "T-L") and Tri-Land Properties, Inc., an Illinois corporation (hereafter "Tri-Land; T-L and Tri-Land and their permitted successors in interest are, as the context requires, sometimes collectively referred to herein as the "Developer"). WITNESSETH: WHEREAS, by Ordinance No. 2005-IOA adopted by the Mayor and City Council of the City (the "Corporate Authorities") on February 8, 2005, a Tax Increment Financing Redevelopment Project and Plan for the US Route 34 and Illinois Route 47 (Countryside Shopping Center) (hereinafter the "Redevelopment Plan") was approved, which Redevelopment Plan covered an area of approximately 20 acres, legally described on Exhibit A attached hereto and made a part hereof, the boundary of which is depicted on Exhibit B also attached hereto and made a part hereof, currently improved as a commercial shopping center with approximately 158,000 square feet of retail space (the "Center"); and, WHEREAS, by Ordinances No. 2005- 10B and No. 2005-IOC adopted by the Corporate Authorities on February 15, 2005, the City respectively designated the Center as a "redevelopment project area" and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.) (hereinafter referred to as the "Act"); and, WHEREAS, pursuant to the Act, the City desires to enter into a Redevelopment Agreement with a Developer who is the contract purchaser of the Center, which Redevelopment Agreement shall provide for the redevelopment of the Center, including, at a minimum, the following: (a) Acquisition of the Center; (b) Demolition of existing structures which are obsolete for current retail purposes; (c) Reconfiguration of the Center from an interior-oriented mall to an exterior-oriented community shopping center and attendant reconfigurations of adjoining roadways and means of access, including reconfiguration of parking fields; and, (d) Reconstruction of no less than a total of 80,000 square feet of retail space (collectively the "Project"). WHEREAS, in order to induce the Developer to proceed with the Development, the City is prepared to issue tax exempt bonds in the amount sufficient to provide net proceeds equal to Three Million Dollars ($3,000,000) after funding a reserve for capitalized interest as required by law and payment of all bond issuance costs, which net proceeds shall be available to assist with the redevelopment of the Center; and, WHEREAS, as further inducement to the Developer, the City is also prepared to reimburse the Developer for additional redevelopment costs in an amount not to exceed Two Million Two Hundred Thousand Dollars ($2,200,000) through the issuance of a note payable to the order of T-L in accordance with the terms and conditions as hereinafter set forth; and, WHEREAS, pursuant to the Illinois Municipal Code, 65 ILCS 5/1 -1-1 , et seq., (the "Code") as from time to time amended, and more specifically, Sec. 8-11 -20 (the "Aef'), the Corporate Authorities are empowered to enter into economic incentive agreements or redevelopment agreements relating to the development or redevelopment of land within the City's corporate limits by which the City agrees to share or rebate a portion of any retailer's occupation taxes received by the City pursuant to the Illinois Retailers' Occupation Tax Act (35 ILCS 120/1 et seq.) ("Sales Taxes") as a direct result of such development or redevelopment; and, 2 WHEREAS, before entering into such agreement to share or rebate Sales Taxes, the City must find that the property subject to the agreement, if vacant, has been vacant for at least a year; or, any building located thereon demolished within the last year did not meet applicable building codes, or was underutilized; or, the property, if developed, supports buildings which do not meet current codes or are underutilized; and, WHEREAS, in addition to the foregoing, the law also requires that the City to determine that as a direct result of the agreement, the City will benefit through the retention or creation of j ohs; the strengthening of the commercial environment within the City; the enhancement of its tax base; and, the Project will serve as a catalyst for the commercial development of adjacent areas; and, WHEREAS, it has been determined by the City and reported in the eligibility report included in the Redevelopment Plan, that the Center has been vacant and has been underutilized for years and the City shall benefit through the creation of jobs, development of adjacent areas and enhancement of its tax base; and, WHEREAS, despite the ideal location of the Center at a major commercial intersection at Route 47 and Route 34, vacancies remain significant and no progress has been made in connection with its redevelopment and, therefore, the City has determined that, but for its assistance pursuant to the Code, adoption of the Redevelopment Plan and this Redevelopment Agreement, the Center would continue to deteriorate and vacancies would increase; and, WHEREAS, T-L is a single purpose entity formed for the purpose of acquiring fee simple title to the Center, whose member will be an affiliate of Tri-Land, and Tri-Land will be the Manager of T-L and also the property manager appointed by T-L to manage, lease and redevelop the Center. NOW, THEREFORE, for and in consideration of the premises and the mutual covenants 3 hereinafter set forth, the parties agree as follows: Section I. Incorporation. The representations and recitations set forth in the preambles hereto are material to this Redevelopment Agreement and are hereby incorporated into and made a part of this Redevelopment Agreement as though fully set forth in this Section I and said representations and recitations constitute the understandings of the City and the Developer. Section H. Acquisition and Demolition of the Center. A. T-L hereby covenants and agrees to acquire fee simple title to the Center within 30 days following the closing of the sale of the bonds, and to deliver proof of such acquisition to the City. B. Following the acquisition of the Center by T-L, the Developer shall exercise diligent efforts to terminate all existing tenancies and occupancy agreements encumbering the Center, and upon vacation of the Center by all tenants and occupants, to commence and thereafter diligently prosecute to completion the demolition of all buildings in the Center and the demolition of such other improvements as Developer deems appropriate, including the abatement of asbestos and other hazardous materials, and prepare the site for redevelopment and reconstruction (the "Demolition Work'). C. Commencing with the execution of this Redevelopment Agreement and until redevelopment of the Center is completed and the Center is fully occupied with retail tenants or other tenants suitable for occupancy in a retail shopping center, the Developer shall conduct a marketing program for the Center in accordance with prudent and acceptable shopping center management standards. 4 Section IIL Bond Issuance. A. On or before March 31 , 2005, the City covenants and agrees to issue alternate revenue bonds in a gross amount sufficient to provide net proceeds equal to Three Million Dollars ($3,000,000) after funding a reserve for capitalized interest as required by law and payment of all bond issuance costs, for the purpose of financing certain redevelopment project costs as permitted by the Act (the "Bonds"). The City shall pledge all Incremental Taxes (as hereinafter defined) derived from the Project, the City's Sales Tax revenue, and the City's full faith and credit as security therefor and shall distribute the proceeds from the Bonds after payment of all costs of issuance and reserve for debt service only as hereinafter provided. B. All of the bond proceeds after payment of costs of issuance shall be held in an escrow by the City, and amounts to be used for debt service payments for the first three years shall be separated and held in a separate account, as specified in the ordinance approving the issuance of the Bonds. C. The City agrees to disburse to the Developer the sum of$500,000 from the proceeds of the Bonds as reimbursement of the cost of the Demolition Work within 30 days after the following events have occurred: (i) issuance of a demolition permit by the City for the Demolition Work; (ii) completion of the Demolition Work; and, (iii) delivery to the City of evidence of the costs of the Demolition Work, including supporting invoices, accompanied by a certificate of completion executed by Tri-Land stating that the Demolition Work has been satisfactorily completed. Section IV.. Developer's Obligations as a Condition to Further Reimbursement — Developer's Note. 5 A. In order to receive the balance of Bond proceeds available for further reimbursement for the costs of the Project, on or before the third anniversary of the date of the Bonds, the Developer shall have delivered to the City the following: (i) a budget itemizing all costs to complete the Project, including but not limited to, acquisition, site preparation, demolition, Project design, engineering, infrastructure, construction of new structures, landscaping and signage (the "Project Budget"); (ii) either (a) a signed lease or proof of a closed sale to a retailer for the purpose of constructing and operating an "anchor" retail store containing at least 60,000 square feet of leasable floor area l�us a firm commitment from the Developer to the City to construct at least 25,000 square feet of new retail space in conjunction with the construction of the anchor store for use by tenants not currently occupying the Center or (b) a signed lease or proof of a closed sale to a retailer for the purpose of constructing and operating an "anchor" retail store containing at least 80,000 square feet of leasable floor area; (iii) evidence of the City's approval of the site plan for the Center that is incorporated into the terms of the lease or sale transaction entered into with the anchor retail store referred to in Section W.A. (ii) above; and, (iv) evidence of issuance by the City of any required permit for preparation of the site in accordance with such approved site plan (all of the foregoing hereinafter collectively termed the "Initial Requirements"). B. In the event the Initial Requirements are satisfied on or before the third anniversary date from the date of the Bonds, the City shall distribute Two Million Five Hundred Thousand Dollars ($2,500,000) of the proceeds from the sale of the Bonds to the Developer as partial reimbursement for the cost of acquisition of the Center or for other expenses of the Project to be incurred by the Developer which are eligible project costs under the Act and which permit the Bonds to retain their tax exempt status under the U.S. Internal Revenue Code. Distribution by the City to the Developer pursuant to this paragraph B shall be made within thirty (30) days of receipt by the 6 City of proof of satisfaction of the Initial Requirements. C. In the event the Initial Requirements are satisfied on or before the third anniversary date from the date of the Bonds, the City shall pay additional reimbursement to the Developer for a portion of the cost of the acquisition of the Center in the amount of Two Million Two Hundred Thousand Dollars ($2,200,000), subject to reduction in accordance with Section IV.D. below, such obligation to be evidenced by the City's promissory note in such principal amount substantially in the form attached hereto as Exhibit C (the "Developer 's Note"), bearing interest equal to the rate of interest being paid from time to time by Developer to the holder of the first mortgage lien on the Center or portion thereof owned by T-L or its successor in interest, which Developer' s Note shall be deemed an obligation issued by the City pursuant to the Act. The Developer's Note shall not constitute a general obligation of the City, nor shall the Developer's Note be secured by the full faith and credit of the City. Principal and interest on the Developer's Note shall be payable solely from (i) Incremental Taxes (as hereinafter defined) to the extent such Incremental Taxes are not needed to pay the annual debt service on the Bonds and which, under the terms of the ordinance authorizing issuance of the Bonds, are therefore available to the City for purposes other than payment of such annual debt service on the Bonds (the "Excess Real Estate Tax Increment'); and, (ii) a portion of the excess of Incremental Sales Taxes (as hereinafter defined) to the extent such Incremental Sales Taxes are not needed to pay annual debt service on the Bonds and which, under the terms of the ordinance authorizing issuance of the Bonds, are therefore made available to the City for purposes other than payment of annual debt service on the Bonds (the "Excess Sales Tax Increment'). D. In the event the Initial Requirements are satisfied after the second anniversary and on or before the third anniversary date of the date of the Bonds, the Developer's Note shall be reduced 7 in the amount of $ 15,000 for each calendar month or portion of a calendar month that elapsed after the second anniversary date of the Bonds up to the date the Initial Requirements are satisfied. In the event the Initial Requirements are not satisfied on or before the third anniversary date of the Bonds, this Redevelopment Agreement shall terminate and all of its provisions shall be null and void. E. The indebtedness evidenced by the Developer's Note shall be payable in annual installments, due on February 1st of each year or such later date that is within thirty (30) days of receipt by the City of all Incremental Sales Taxes for the prior calendar year, during the term of this Redevelopment Agreement, from the following sources and no other sources: (i) 100% of the Excess Real Estate Tax Increment; >l l� (ii) 80% of the Excess Sales Tax Increment generated through December 31 , 2013 and received by the City, and 50% of the Excess Sales Tax Increment generated during each calendar year or partial calendar year after December 31 , 2013 until the earlier of: (i) payment in full of the Developer' s Note; or (ii) the expiration or earlier termination of this Redevelopment Agreement, provided that if any amount of Excess Sales Tax Increment that would be applicable to payment of the Developer's Note is generated prior to the expiration or earlier termination of this Redevelopment Agreement but is received by the City thereafter, the City's obligation to apply such amount to repayment of the Developer's Note shall survive the expiration or earlier termination of this Redevelopment Agreement, unless terminated pursuant to Section XX of this Redevelopment Agreement. The Developer's right to receive payments pursuant to the Developer's Note is subject to the condition that the Developer pay all real estate taxes lawfully assessed against the portion of the Center owned by the Developer that are then due and payable or past due. The City shall be entitled to withhold, without additional interest, installments otherwise due pursuant to the Developer's Note until such time as all such real estate taxes then due and payable, including past due amounts, have been paid, whereupon the City shall promptly pay all withheld installments to the Developer. 8 Section Y. Findings of the City Pursuant to the Code. The City has determined that the redevelopment ofthe Center shall further the redevelopment and development within its major commercial areas; that without the assistance hereinafter set forth, a redevelopment of the Center would not be undertaken; that the Developer meets high standards of creditworthiness and financial strength; that the Project shall enhance the tax base of the City; and that all of the conditions required by the Code as hereinabove stated exist at the Center. Section VI. Term. Unless earlier terminated pursuant to Section IV.D or .Section XX, the term of this Redevelopment Agreement shall commence on the date of execution and end December 31 , 2028 (the "Termination Date"). Section VII. Provisions and Definitions -- Tax Increment and Sales Tax Increment. A. As used in this Redevelopment Agreement, "Incremental Taxes" shall mean the amount of ad valorem taxes, if any, paid in respect of the Center and its improvements which is attributable to the increase in the equalized assessed value of the Center and its improvements, over the initial equalized assessed value of the Center. As used in this Redevelopment Agreement, "Incremental Sales Taxes " shall mean the amount of Sales Tax revenue received by the City and derived from the Center. As used herein, the terms "Sales Tax" and "Sales Taxes " mean, collectively, the Illinois Use Tax, the Illinois Service Use Tax, the Illinois Service Occupation Tax, the Illinois Retailers' Occupation Tax and similar taxes hereafter imposed in connection with the sale of services or the sale or rental of goods. B. Promptly upon execution of this Redevelopment Agreement, the City shall establish 9 the "T-L Sub Account" into which the City shall make the deposits as hereinafter described. During the term of this Redevelopment Agreement, the City shall deposit all Incremental Taxes into the "Special Tax Allocation Fund" (as such fund is established under and defined in the Act), and, to the extent there is Excess Real Estate Tax Increment remaining in the Special Tax Allocation Fund from time to time, the City shall promptly transfer such Excess Real Estate Tax Increment into the T-L Sub-Account. The City shall also deposit all Excess Sales Tax Increment into the T-L Sub Account as hereinafter provided. The City hereby pledges to the Developer all funds in the T-L Sub Account and grants to Developer a first priority security interest in all funds deposited therein to secure payment of amounts due or to become due under the Developer Note. C. In order to calculate the Incremental Sales Taxes, the Developer (and any transferee of all or a portion of the Center) and the City shall cooperate to provide the City access to the sales tax data of those retail business that are located in the Center. The City and the Developer (and any transferee of all or a portion of the Center) shall jointly exercise reasonable efforts to establish a system with the Illinois Department of Revenue to arrange for the receipt of such information. Additionally, the Developer (and any transferee of all or a portion of the Center) shall provide or cause to be provided to the City appropriate completed Illinois Department of Revenue sales tax returns, or powers of attorney to obtain the data reported thereon, for each such retail business. The Developer (and any transferee of all or a portion of the Center) shall exercise commercially reasonable efforts to include such provisions in each of its leases for property within the Center as may be necessary in to enable the Developer (and any transferee of all or a portion of the Center) to comply with the terms of this paragraph. Prior to the end of each calendar quarter during the term of this Redevelopment Agreement, the Developer (and any transferee of all or a portion of the Center) 10 shall prepare and deliver to the City a written report of the amount of Incremental Sales Taxes that should have been received by the City. To the extent such Incremental Sales Taxes received by the City are not required to pay debt service on the Bonds for the debt service payments due the following twelve months, such Incremental Sales Taxes are hereby deemed Excess Sales Tax Increment. Each calendar year during the term of this Redevelopment Agreement, on or before the date the annual installment is due and payable on the Developer's Note as provided in Section N.E., the City shall deposit all Excess Incremental Sales Taxes to be used to pay the Developer's Note into the T-L Sub Account as hereinabove provided. D. In the event that the Developer (or any transferee of all or a portion of the Center) shall fail to deliver or cause to be delivered the aforementioned Sales Tax documentation and then the Developer (and any transferee of all or a portion of the Center) agrees to provide alternate documentation to the City as soon as reasonably possible in the form of an audit of sales of an individual retailer or in such other form reasonably acceptable to the City. The obligation ofthe City to make payments of either principal or interest on the Developer's Note from Excess Incremental Sales Taxes shall be subject to the City's receipt of information necessary to make a reasonable calculation of the amount of Incremental Sales Taxes as stated above. Section VIII. No Liability of City to Others for Developer's Expenses. The City shall have no obligation to pay costs of the Project or to make any payments to any person other than the Developer, nor shall the City be obligated to pay any contractor, subcontractor, mechanic, or materialman providing services or materials to the Developer for the redevelopment of the Center. Section IX. Time; Force Majeure. 11 Time is of the essence of this Redevelopment Agreement, provided, however, a party shall not be deemed in material breach of this Redevelopment Agreement with respect to any obligations of this Redevelopment Agreement on such party's part to be performed if such party fails to timely perform the same and such failure is due in whole or in part to any strike, lock-out, labor trouble (whether legal or illegal), civil disorder, weather conditions, wet soil conditions, failure or interruptions of power, restrictive governmental laws and regulations, condemnations, riots, insurrections, acts of terrorism, war, fuel shortages, accidents, casualties, floods, earthquakes, fires, acts of God, epidemics, quarantine restrictions, freight embargoes, acts caused directly or indirectly by the other party (or the other party's agents, employees or invitees) or similar causes beyond the reasonable control of such party ("Force Majeure"). If one of the foregoing events shall occur or either party shall claim that such an event shall have occurred, the party to whom such claim is made shall investigate same and consult with the party making such claim regarding the same and the party to whom such claim is made shall grant any extension for the performance of the unsatisfied obligation equal to the period of the delay, which period shall commence to run from the time of the commencement of the Force Majeure; provided that the failure of performance was reasonably caused by such Force Majeure. Section X. Conveyance or Assignment of the Center. T-L may not sell, transfer, assign or otherwise convey all or any portion of its interest in the Center (any of the foregoing being herein defined as a "Transfer') during the term of this Redevelopment Agreement without the prior written consent of the City, which consent shall not be unreasonably withheld or delayed or conditioned. Notwithstanding the provisions of the 12 immediately preceding sentence, the City agrees that it will not withhold its consent to any proposed Transfer (i) of all or any portion of the Center to a retail store operator that will operate a retail store in the Center containing at least 60,000 square feet of floor area or to any transferee that is an Affiliate (as hereinafter defined) of such retail store operator, (ii) to any Affiliate of Tri-Land, (iii) to a transferee who either (a) directly or indirectly through an Affiliate, has substantial and demonstrable experience in the operation or management of retail shopping centers similar in size to, or greater in size than, the Center or (b) as a condition precedent to the closing of the Transfer, will enter into a management agreement (a copy of which shall be delivered to the City) with Tri-Land or another entity having substantial and demonstrable experience in the operation or management of retail shopping centers similar in size to, or greater in size than, the Center, and will continuously keep the Center under the management of such management company or one or more successors with the foregoing qualifications. In all instances, it shall be a condition of the City's obligation to consent to a proposed Transfer that the proposed transferee execute a document in form and substance reasonably satisfactory to the City that evidences such transferee's agreement to be bound by the terms and provisions of this Redevelopment Agreement during such transferee's period of ownership of the Center or any portion thereof, including, without limitation, the obligation to provide to the City, or arrange for the provision to the City of, sales tax data of those retail businesses located in the portion of the Center owned by such transferee as described in Section VII. The Developer's Note may be assigned by the Developer in connection with any Transfer made in accordance with the provisions of this Section X. As used in this Redevelopment Agreement, an "Affiliate " means, with respect to any person or entity, any person or entity directly or indirectly, through one (1) or more intermediaries, controlling, controlled by or under common control with 13 such person or entity. Anything set forth herein to the contrary notwithstanding, T-L or any permitted successor my freely grant mortgages on the Center at any time and from time to time without the consent of the City. Section XI. Developer's Indemnification. The Developer shall indemnify and hold harmless the City, its agents, officers and employees (individually an "Indemnitee " and collectively the "Indemnitees ') from and against any and all obligations, losses, damages, penalties, actions, claims, suits, liabilities, judgments, costs and expenses (including reasonable attorney's fees and disbursements of counsel for such Indemnitees) which may arise directly or indirectly from (i) the failure of the Developer to comply with any of the terms, covenants or conditions set forth in this Redevelopment Agreement, (ii) the Developer's failure to pay general contractors, subcontractors or materialmen in connection with improvements to the Center funded with the proceeds of the Bonds or the Developer's Note or (iii) the existence of any material misrepresentation or omission on the part of the Developer in this Redevelopment Agreement or any other document related to this Redevelopment Agreement that is the result of information supplied or omitted to be supplied by the Developer, or (iv) bodily injury, death or property damage caused by the alleged or actual negligence, recklessness or willful misconduct of the Developer or any of its officers, managers, agents employees, contractors subcontractors or agent or employee thereof (so long as such contractor, subcontractor or agent or employee is hired by the Developer). The Developer shall, at its own cost and expense, appear, defend and pay all charges of attorneys, costs and other expenses arising therefrom or incurred in connection therewith. If any judgment shall be rendered against the City, its agents, officers, officials or employees in any such action, the Developer shall, at its own expense, satisfy and discharge the same. This paragraph shall 14 not apply, and the Developer shall have no obligation whatsoever, with respect to any acts of negligence or reckless or willful misconduct on the part of the City or any of its officers, agents, employees or contractors. Section MI. Waiver. Any party to this Redevelopment Agreement may elect to waive any remedy it may enjoy hereunder, provided that no such waiver shall be deemed to exist unless the parry waiving such right or remedy does so in writing. No such waiver shall obligate such party to waive any right or remedy hereunder, or shall be deemed to constitute a waiver of other rights and remedies provided said party pursuant to this Redevelopment Agreement. Section XUL Severability. If any section, subsection, term or provision of this Redevelopment Agreement or the application thereof to any party or circumstance shall, to any extent, be invalid or unenforceable, the remainder of said section, subsection, term or provision of this Redevelopment Agreement or the application of same to parties or circumstances other than those to which it is held invalid or unenforceable, shall not be affected thereby. Section XIY. Notices. All notices, demands, requests, consents, approvals or other instruments required or permitted by this Redevelopment Agreement shall be given in writing at the addresses set forth below, and shall be executed by the party or an officer, agent or attorney of the parry, and shall be given by any of the following means: (i) personal service, (ii) telecopy or facsimile, (iii) deposit with a commercial overnight courier, such as FedEx, for delivery on the next business day, freight prepaid or (iv) deposit with the United States Postal Service as certified mail, return receipt requested. Any 15 notice demand, request, consent or approval sent pursuant to (A) either clause (i) or (ii) shall be deemed received when sent, if sent by 5 :00 p.m. on a business day, otherwise on the next business day or (B) clause (iii) shall be deemed given on the next business day following deposit with the courier or (C) clause (iv) on the third (3`d) day from and including the date of posting. Any of the following addresses may be changed by notice given to the other parties in the same manner provided above. To the Developer: Tri-Land Properties, Inc. One Westbrook Center, Suite 520 Westchester, Illinois 60154-5764 Attention: Hugh D. Robinson Facsimile: 708 5318217 T-L Countryside LLC One Westbrook Center, Suite 520 Westchester, Illinois 60154-5764 Attention: Hugh D. Robinson Facsimile: 708 5318217 With a copy to: Jeffrey D. Warren Burke, Warren, MacKay & Serritella, P.C. 330 North Wabash, 22nd Floor Chicago, Illinois 60611 -3607 Facsimile: 312 840 7900 To the City: United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Attention: City Administrator Facsimile: 630.553 .7575 With a copy to: Kathleen Field Orr Kathleen Field Orr & Associates One South Wacker Drive, Suite 1990 Chicago, Illinois 60606 Facsimile: 312 382 2124 16 Section Xl! Successors in Interest. This Redevelopment Agreement shall be binding upon and inure to the benefit of the parties to this Redevelopment Agreement and their respective successors and assigns. Section XVI. No Joint Venture, Agency or Partnership Created. Neither anything in this Redevelopment Agreement nor any acts of the parties to this Redevelopment Agreement shall be construed by the parties or any third person to create the relationship of a partnership, agency, or joint venture between or among such parties. Section XVII. Warranties and Covenants of the Developer. A. The Developer hereby represents and warrants that as of the date hereof, T-L is a duly organized and validly existing limited liability company organized under the laws of the state of Delaware and is duly authorized to transact business in the state of Illinois, and Tri-Land is a duly organized and validly existing corporation organized under the laws of, and in good standing under, the laws of the state of Illinois. B. The Developer covenants and agrees to comply with all applicable zoning ordinances and regulations, building code, fire code and all other City ordinances, resolutions and regulations with respect to the redevelopment and operation of the Center. C. With respect to the redevelopment and operation of the Center, the Developer hereby covenants and agrees to comply with all applicable laws, rules and regulations of the State of Illinois, the United States and all agencies of each of them having jurisdiction over it. Section XVIIL Additional Covenants of City. A. The City covenants and agrees to comply with all provisions and requirements of the Act and the Code with respect to all matters relating to this Redevelopment Agreement. 17 B. The City will waive any requirement for the payment of water, sewer, and other utility "tap-on" or connection fees and charges to the City with respect to the Center, and will cooperate with the Developer's efforts to obtain similar waivers from other governmental agencies and bodies that may impose such fees or charges. C. The City will waive all impact fees, building permit fees and other fees with respect to the redevelopment of the Center, provided, however, this waiver shall not relieve the Developer from any obligation to reimburse the City for the reasonable fees of any consultants paid by the City in connection with the review of approval of plans submitted to the City for its approval by the Developer. D. The City acknowledges and agrees that the Center currently has adequate storm water management measures in place. The City further agrees that unless the redevelopment of the Center materially increases the amount of storm water run-off generated by the Center, no further storm water management measures shall be required, and in the event there is a material increase in the amount of storm water run-off generated as a result of the redevelopment of the Center and additional storm water management measures are required, such additional measures shall be implemented in accordance with the use of Best Management Practices in the most cost effective manner possible under the circumstances. E. The City will actively support and cooperate with the Developer's request to the Illinois Department of Transportation for direct access driveways to and from the Center from Route 47 to the extent such request is supported by a traffic analysis prepared by a recognized traffic engineering consultant. F. The City shall, within ten (10) days following request in writing from the Developer, 18 execute, acknowledge and deliver to Developer a statement in writing addressed to the Developer, or any prospective mortgagee purchaser, certifying: that this Redevelopment Agreement is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications); that the Developer is not, to the City's knowledge, in default under this Redevelopment Agreement (or, there is a known default, specifying same) and any other matters reasonably requested by the Developer. Section XIX No Discrimination — Construction. The Developer for itself and its successors and assigns agrees that in the construction of the improvements at the Center provided for in this Redevelopment Agreement the Developer shall not discriminate against any employee or applicant for employment because of race, color, religion, sex or national origin. The Developer shall take affirmative action to require that applicants are employed and that employees are treated during employment, without regard to their race, creed, color, religion, sex or national origin. Such action shall include, but not be limited to, the following: employment upgrading, demotion or transfer; recruitment or recruitment advertising and solicitations or advertisements for employees; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Developer agree to post in conspicuous places, available to employees and applicants for employment, notices, which may be provided by the City, setting forth the provisions of this nondiscrimination clause. Section XX. Remedies — Liability. A. If, in the City's judgment, the Developer is in material default of this Redevelopment Agreement, the City shall provide the Developer with a written statement indicating in adequate detail any failure on the Developer's part to fulfill its obligations under this Redevelopment 19 Agreement. Except as required to protect against further damages, the City may not exercise any remedies against the Developer in connection with such failure until thirty (30) days after giving such notice. If by its nature such default cannot reasonably be cured within such thirty (30) day period, such thirty (3 0) day period shall be extended for such time as is reasonably necessary for the curing of the same, so long as the Developer diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement. A default not cured as provided above shall constitute a breach of this Redevelopment Agreement. Any failure or delay by the City in asserting any of its rights or remedies as to any default or alleged default or breach shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach. B. If the Developer materially fails to fulfill its obligations under this Redevelopment Agreement after notice is given by the City and any cure periods described in paragraph A above have expired, or if the Developer is in material default under the purchase agreement for the acquisition of the Center, the City may elect to terminate this Redevelopment Agreement or exercise any right or remedy it may have at law or in equity, including the right to specifically enforce the terms and conditions of this Redevelopment Agreement. If any voluntary or involuntary petition or similar pleading under any section or sections of any bankruptcy or insolvency act shall be filed by or against the Developer, or any voluntary or involuntary proceeding in any court or tribunal shall be instituted to declare the Developer insolvent or unable to pay the Developer's debts (and, in the case of an involuntary proceeding such proceeding is not vacated or dismissed within 60 days of being filed), or the Developer makes an assignment for the benefit of its creditors, or a trustee or receiver is appointed for the Developer or for the major part of the Developer's property, the City may elect, to 20 the extent such election is permitted by law and is not unenforceable under applicable federal bankruptcy laws, but is nor required, with or without notice of such election and with or without entry or other action by the City, to forthwith terminate this Redevelopment Agreement. C. If, in the Developer's judgment, the City is in material default ofthis Redevelopment Agreement, the Developer shall provide the City with a written statement indicating in adequate detail any failure on the City's part to fulfill its obligations under this Redevelopment Agreement. The Developer may not exercise any remedies against the City in connection with such failure until thirty (30) days after giving such notice. If by its nature such default cannot reasonably be cured within such thirty (30) day period, such thirty (30) day period shall be extended for such time as is reasonably necessary for the curing of the same, so long as the City diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement. A default not cured as provided above shall constitute a breach of this Redevelopment Agreement. Any failure or delay by the Developer in asserting any of their rights or remedies as to any default or any alleged default or breach shall not operate as a waiver of any such default or breach of shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach. D. In addition to any other rights or remedies, a party may institute legal action against the other party to cure, correct or remedy any default, or to obtain any other remedy consistent with the purpose of this Redevelopment Agreement, either at law or in equity, including, but not limited to the equitable remedy of an action for specific performance; provided, however, no recourse under or upon any obligation contained herein or for any claim based thereon shall be had against the City, its officers, agents, attorneys, representatives or employees in any amount or in excess of any specific 21 sum agreed to be paid by the City hereunder, and no liability, right or claim at law or in equity shall be attached to or incurred by the City, its officers, agents, attorneys, representatives or employees in any amount in excess of any specific sums agreed by the City to be paid hereunder and any such claim is hereby expressly waived and released as a condition of and as consideration for the execution of this Redevelopment Agreement by the City. Notwithstanding the foregoing, in the event either party shall institute legal action against the other parry because of a breach of any Redevelopment Agreement or obligation contained in this Redevelopment Agreement, the prevailing party shall be entitled to recover all costs and expenses, including reasonable attorneys' fees, incurred in connection with such action. E. The rights and remedies of the parties are cumulative and the exercise by a party of one or more of such rights or remedies shall not preclude the exercise by it, at the same time or different times, of any other rights or remedies for the same default or for any other default by the other party. Section )W. Amendment. This Redevelopment Agreement, and any exhibits attached to this Redevelopment Agreement, may be amended only in a writing signed by all the parties with the adoption of any ordinance or resolution of the City approving said amendment, as provided by law, and by execution of said amendment by the parties or their successors in interest. Except as otherwise expressly provided herein, this Redevelopment Agreement supersedes all prior Redevelopment Agreements, negotiations and discussions relative to the subject matter hereof. Section IWI. Counterparts. This Redevelopment Agreement may be executed in two or more counterparts, each of which 22 shall be deemed an original but all of which together shall constitute one and the same instrument. [Signature page follows] 23 IN WITNESS WHEREOF,the parties hereto have caused this Redevelopment Agreement to be executed by their duly authorized officers on the above date at Yorkville,Illinois. United City of Yorkville, an Illinois municipal corporation By: Mayor Attest: M erk Tri-Land Properties,hic.,an Illin corporation j By: chazd F.Dube,President T-L Countryside LLC,a Delaware limited liability company, By: Tri-Land Properti , Inc., its Manager, By: / chard F. Dube,President 24 STATE OF ILLINOIS ) SS. COUNTY OF COOK ) 1, nia (' ti 9lr . a Notary Public in and for said County, in the State aforesaid, do hereby certify that Richard F. Dube, the President of Tri-Land Properties, Inc., an Illinois corporation and the Manager of T-L COUNTRYSIDE LLC, a Delaware limited liability company, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such President appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act and as the free and voluntary act of said Manager, for the uses and purposes therein set forth. GIVEN under my hand and notarial seal,this—0)day of March, 2005. 0 016dL K Seal 6 rd nna L Knox �r v-///�� [Notary Public Stele of Illinois Notary Public ormr"alon€)*ae 06/22/06 (SEAL) STATE OF ILLINOIS ) SS. COUNTY OF COOK // ) I, ' t4 a 1. . ll ld 2 a Notary Public in and for said County, in the State aforesaid, do hereby certify that Richard F. Dube, the President of Tri-Land Properties, Inc., an Illinois corporation who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such President appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act for the uses and purposes therein set forth. GIVEN under my hand and notarial seal,this hV I day of March,2005. n MNotary Public Illinois 06/22/06 STATE OF ILLINOIS ) ) SS. COUNTY OF KeL OJj ) 1, F 2ODAi X (Oklilka a Notary Pyblic in and for said County, in the State aforesaid,do hereby certify that PAt Lf ! i f e ' or of The United City of Yorkville, an Illinois municipal corporation, and _ ,. LC V U 1 se K6,, ; (; the City Clerk of The United City of Yorkville,who are personally wn t e to be the same persons whose names are subscribed to the foregoing instrument as such Mayor and City Clerk,appeared before me this day in person and acknowledged that they signed, attested and delivered the said instrument as their own free and voluntary act for the uses and purposes therein set forth. GIVEN under my hand and notarial seal,thhisi/�/W(day of March, 2005. V y Notary Pub (SEAL) (SEAL) A.L"Rnnn '*Y Puhlic.5FS(e o!Illinois ,. ,',Cmnmissiun Gxpires ID i0-2pp(.fF Exhibit A Legal Description Exhibit A LEGAL DESCRIPTION The boundaries of the Project Area have been carefully drawn to include only real property and improvements substantially benefited by the proposed Redevelopment Project to be undertaken as part of this Redevelopment Plan. The boundaries of the Project Area are generally coterminous with the property assigned the 2003 tax parcel number 02-28-104-015 plus adjacent right-of-way along IL Route 47. The Project Area boundaries are shown in Figure 1 , Project Area Boundwy, and legally described below. LOT 7 (EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE MOST EASTERLY SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST POINT OFOBEGNNING: THENCE SOUTH 80 DEGREES 58 SOUTHEAST UTES 11 SECONDS EAST ALONG SAID SOUTHERLY LINE 209.0 FEET TO A SOUTHEAST CORNER OF SAID LOT 7; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90.0 FEET; THENCE NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST, 140.35 FEET; THENCE SOUTH 70 DEGREES 02 MINUTES 02 SECONDS WE 185.15 FEET TO THE POINT OF BE(3I NING; AND ALSO EXCEPTING THAT PART AS FOLLOWS: BEGINNING AT THE INTE CTIO OF THE SOUTHERNMOST LINE OF LOT 6 OF THE RESUBDIVISION OF PART OF BWCK 1 , COUNTRYSIDE CENTER, UNIT NO. 1 WITH THE WESTERLY LINE OF ILLINOIS ROUTE NO. 47; THENCE SOUTH 69 DEGREES 58 MINUTES 14 SECONDS WEST ALONG SAID SOUTHERNMOST LINE 230.45 FEET TO THE SOUTHERNMOST CORNER OF SAID LOT 6; THENCE SOUTH 19 DEGREES 57 MINUTES 46 SECONDS' EAST 192.30 FEET; THENCE NORTH 70 DEGREES 02 MINUTES 14 SECONDS EAST 141 .82 FEET TO SAID WESTERLY LINE; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WESTERLY LINE 211 .98 FEET TO THE POINT OF BEGINNING) OF THE RESUBDMSION OF PART OF BLOCK 1 , COUNTRYSIDE CENTER, UNIT NO. 1 , AND ALSO THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERNMOST CORNER OF LOT 6 IN SAID RESUBIDVISION; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG THE EAST LINE DEGREES 15 MINUTES 0 SECONDS EASTO 36 E FEET To THE GEAST LINE OF SAID ILLINOIS ROUTE 47; THENCE SOUTH 02 DEGREES 08 MINUTES 48 SECONDS WEST ALONG SAID EAST LINE, 397.70 FEET; THENCE SOUTH 04 DEGREES 45 MINUTES 00 SECONDS WEST ALONG SAID EAST LINE, 191 .78 FEET; THENCE NORTH 85 DEGREES 15 MINUTES 00 DEGREES WEST, 150.00 FEET TO THE WEST LINE OF SAID ILLINOIS ROUTE 47; THENCE NORTH 04 DEGREES 45 MINUTES SECONDS OF ST ALONG SAID WEST LINE3 L COUNTY,9.05 FEE TO THE POINT OF BEGINNING. IN THE UNITED Exhibit B Project Area Boundary Exhibit B j Countryside Parkway I i i i i I i Block: 104 Parcel: 015 v 112, 3,4,516; 7*, 8*, 9* a 3 O i d U) � i i O 3 CO CL n N � efta c a) U i I m a r. Project Area Boundary 3, 4, 5* Blight Factors: 1. Obsolescence U 2. Deterioration 3. Presence if structures ROV t@ 34 below minimum code 4. Excessive vacancies 5. Declining or lagging equalized assessed values. Lac community planning s. Environmental remediation 9. Excessive land coveragelovercrowding * Indicates Factor present to a limited extent um 4 . l tribution of Blight Factors 0 US Route 34 & Illinois Route 47 Yorkville, Tax Increment Financing Redevelopment Project Area URS • TPAP Exhibit C DEVELOPER'S NOTE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS SPECIAL TAX INCREMENT REVENUE NOTE Date Amount WHEREAS, pursuant to its powers and in accordance with the requirements of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11 -74.4 et seq. (the "Act"), the Corporate Authorities of the United City of Yorkville, designated a Redevelopment Project Area and approved a Redevelopment Plan for the redevelopment of the Redevelopment Project Area; and, WHEREAS, pursuant to its powers and in accordance with the requirements of the Act, the Corporate Authorities of the United City of Yorkville approved tax increment allocation financing for the purpose of implementing the Redevelopment Plan for the Redevelopment Project Area; and, WHEREAS, pursuant to the Illinois Municipal Code, 65 ILCS 5/1-1 -1 , et seq. (the "Code") and more specifically, Sec. 8-11 -20, the Corporate Authorities of the United City of Yorkville have agreed to share its retailer' s occupation taxes received by the City from the Redevelopment Project Area pursuant to the Illinois Retailer's Occupation Tax Act (35 ILCS 120/1 et seq.) ("Sales Taxes") as hereinafter provided; and, WHEREAS, on the City, T-L Countryside LLC ("T-L ') and Tri-Land Properties, Inc. ("Tri-Land') entered into a certain Redevelopment Agreement (the "Redevelopment Agreement"); and, WHEREAS, pursuant to the Redevelopment Agreement, the City has agreed to reimburse the T-L for Redevelopment Project Costs (as defined by the Act) incurred by the Developer in connection with or as a result of the redevelopment of the Redevelopment Project Area. NOW, THEREFORE, the City, by and through the Corporate Authorities, covenants and agrees as follows: 1 . Incorporation of recitals and definitions of terms. The foregoing recitals are incorporated into this Developer's Note as if they were fully set forth in this Section 1 . All capitalized terms, unless otherwise specifically defined herein, shall have the meanings given them in the Redevelopment Agreement. 1 2. Promise to pay. Subject to the limitations contained in the Redevelopment Agreement, the City promises to pay to the order of the Developer, in accordance with the terms of this Developer's Note, the principal sum of$2,200,000, together with interest on the balance of such principal sum outstanding from time to time at the rate of interest rate provided for in Section IV of the Redevelopment Agreement. 3. Pledge of and lien on, Incremental Taxes. THIS NOTE SHALL BE PAYABLE FROM AND SECURED BY A PLEDGE OF, AND LIEN ON, INCREMENTAL REAL ESTATE TAXES AND SALES TAXES RECEIVED BY THE CITY FROM THE PROJECT (COLLECTIVELY "INCREMENTAL TAXES") BUT ONLY TO THE EXTENT SUCH INCREMENTAL TAXES ARE NOT REQUIRED TO PAY DEBT SERVICE ON CERTAIN BONDS ALL AS SET FORTH IN THE REDEVELOPMENT AGREEMENT. SUCH PAYMENT, PLEDGE AND LIEN SHALL BE SUBJECT TO ALL PR1OR PLEDGES OF INCREMENTAL TAXES, PURSUANT TO, AND ALL TERMS AND CONDITIONS AS SET FORTH IN. THE REDEVELOPMENT AGREEMENT. 4. Payments. The indebtedness evidenced by this Developer' s Note shall be payable in annual installments, due on February 1 it of each year or such later date that is within thirty (3 0) days of receipt by the City of all Incremental Sales Taxes (as defined in the Redevelopment Agreement for the prior calendar year, during the tern of the Redevelopment Agreement, from the following sources and no other sources: (i) 100% of the Excess Real Estate Tax Increment (as defined in the Redevelopment Agreement); plus (ii) 80% of the Excess Sales Tax Increment (as defined in the Redevelopment Agreement) generated through December 31 , 2013 and received by the City, and 50% of the Excess Sales Tax Increment generated during each calendar year or partial calendar year after December 31 , 2013 through and including December 31 , 2028 (the "Maturity Date"). The Developer's right to receive payments pursuant to this Developer's Note is subject to the condition that the Developer pay all real estate taxes lawfully assessed against the portion of the Center owned by the Developer that are then due and payable or past due. The City shall be entitled to withhold, without additional interest, installments otherwise due pursuant to this Developer's Note until such time as all such real estate taxes then due and payable, including past due amounts, have been paid, whereupon the City shall promptly pay all withheld installments hereunder to the Developer. 5 . Place ofpayment. Payments made under this Developer's Note by the City shall be made by check payable to the order of the Developer and mailed to the Developer at such address as the Developer may designate in writing from time to time. 2 6. Limited obligation ofthe City. THIS DEVELOPER'S NOTE IS NOT SECURED BY THE FULL FAITH AND CREDIT OF THE CITY AND IS NOT PAYABLE OUT OF THE CITY'S GENERAL REVENUE FUND. THIS DEVELOPER' S NOTE CONSTITUTES A LIMITED OBLIGATION OF THE CITY, AND ALL PAYMENTS DUE UNDER THIS DEVELOPER'S NOTE SHALL BE PAYABLE SOLELY FROM INCREMENTAL TAXES THAT ARE AVAILABLE FOR SUCH PURPOSE UNDER THE PROVISIONS OF THE REDEVELOPMENT AGREEMENT. FAILURE OF THE CITY TO REIMBURSE THE DEVELOPER FOR REDEVELOPMENT PROJECT COSTS DUE TO INSUFFICIENT FUNDS GENERATED FROM THE REDEVELOPMENT PROJECT AREA SHALL NOT BE DEEMED A DEFAULT OF THIS DEVELOPER' S NOTE ON THE PART OF THE CITY. 7. Default. If Incremental Taxes are available to make any payment required by this Developer' s Note, and if the City thereafter fails to make such payment, the City shall be deemed to be in default under this Developer's Note. After any default, The Developer may bring an action in any court of competent jurisdiction to enforce payment of this Developer's Note, provided that the Developer shall have first given the City notice of its intent to bring such action and thirty (30) days to cure any such default. Failure of the Developer to exercise its right to bring an action to remedy a default hereunder shall not constitute a waiver of its right to bring an action to remedy any subsequent default. 8. Miscellaneous. (a) If any provision of this Developer's Note is found by a court of competent jurisdiction to be in violation of any applicable law, and if such court should declare such provision to be unlawful, void or unenforceable as written, then it is the intent of the City and the Developer that such provision shall be given full force and effect to the fullest possible extent that is legal, valid and enforceable, that the remainder of this Developer's Note shall be construed as if such unlawful, void or unenforceable provision was not contained herein, and that the rights, obligations and interests of the City and the Developer shall continue in full force and effect. (b) Any notice, request, demand, instruction or other document to be given or served hereunder shall be addressed, delivered and deemed effective as provided in the Redevelopment Agreement. 3 (c) The provisions of this Developer's Note shall not be deemed to amend the provisions of the Redevelopment Agreement in any respect. To the extent of any conflict or inconsistency between the provisions of the Redevelopment Agreement and the provisions of this Developer's Note, the Redevelopment Agreement shall in all instances supersede and control. This Developer's Note is executed as of the date first written above. United City of Yorkville, an Illinois municipal corporation By. Mayor Attest: M rk 4 STATE OF ILLINOIS ) ) ss,. COUNTY OF KENDALL, ) Ordinance No. 2008- 13 ORDINANCE APPROVING THE REDEVELOPMENT AGREEMENT FOR THE COUNTRYSIDE CENTER, YORKVILLE, ILLINOIS WHEREAS, by Ordinance No. 2005- 10A adopted by the Mayor and City Council of the City (the "Corporate Authorities") on February 8, 2005, a Tax Increment Financing Redevelopment Project and Plan for the US Route 34 and Illinois Route 47 (Countryside Shopping Center) (hereinafter the "Redevelopment Plan") was approved, which Redevelopment Plan covered an area of approximately 20 acres legally described therein, as of said date being improved as a commercial shopping center with approximately 158,000 square feet of retail space on approximately 18 acres of land owned by the Developer plus approximately two acres of adjacent right of way within State Route 47 (the "Center"); and, WHEREAS, by Ordinance No. 2005-IOB and No. 2005- IOC adopted by the Corporate Authorities on February 15, 2005, the City designated the Center as a "redevelopment project area" and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILLS 5/11 -4.4- 1 e seq.) (hereinafter referred to as the "Act'); and, WHEREAS, pursuant to the Act, the City entered into a Redevelopment Agreement with the Developer which Redevelopment Agreement provided for the redevelopment of the Center, including, at a minimum, the demolition of the existing structures, reconfiguration of the Center and adjoining roadways, and construction of no less than 80,000 square feet of retail space; and, WHEREAS, in order to induce the Developer to proceed with the Development, the City issued tax exempt alternative revenue bonds in an amount which provided net proceeds of Three Million Dollars ($3 ,000,000) after funding for capitalized interest and payment of all bond issuance costs, which net proceeds were to be available to assist with the redevelopment of the Center (the "Bond Proceeds"); and, WHEREAS, as further inducement to the Developer, the City was also prepared to reimburse the Developer for additional redevelopment costs through the issuance of a note payable to the order of T-L in accordance with the terms and conditions as set forth in said Redevelopment Agreement; and, WHEREAS, the Developer undertook the demolition of existing structures and received $500,000 of the Bond Proceeds from the City, however, despite the best efforts of the Developer, the redevelopment of the Center in accordance with the approved concept plan did not proceed and it became apparent that a new concept for development would be required in order to attract viable retail businesses; and, WHEREAS, the Developer has presented a new concept plan for a "town center" to include a retail project of one story specialty retail shops, full and limited service dining establishments; entertainment and hospitality uses; with pedestrian walkways; extensive plantings; and, resting areas; and, WHEREAS, the new concept plan includes incorporation of green roof elements, use of low volatile organic compound materials, insulation which meets or exceeds energy codes and the use energy management systems; and, WHEREAS, in order to proceed, in addition to incentives granted in 2005, the Developer has requested designation of the Center as a "business District' under the Business District Development and Redevelopment Act (65 ILLS 5/11 -743 et seq.) and the issuance of bonds as permitted by the Act, all as set forth in the Redevelopment Agreement as presented to this City Council; and, WHEREAS, the City recognizes that the development of the Center is of vital importance to the City given its strategic location near the intersection of two primary commercial corridors of the City and therefore is prepared to utilize the economic incentives available pursuant to the Act, the Economic Incentive Act and the Business District Act, in order to induce the Developer to incur extraordinary costs to create an outdoor lifestyle center as its town center, including a mix of full and limited service dining and specialty retailers within a unique pedestrian environment. NOW, THEREFORE, BE IT ORDAINED, by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, that the Redevelopment Agreement for the Countryside Center, Yorkville, Illinois, by and between the United City of Yorkville, a municipal corporation, and T-L Countryside, LLC, a Delaware limited liability company, as presented to this meeting is hereby approved and the Mayor and the City Cleric are hereby authorized to execute and deliver said Agreement and undertake any and all actions necessary to implement or cause the implementation of all provisions contained therein Passed by the City Council of the United City of Yorkville, Kendall County, Illinois, this 12`x' day of August, 2008, ROBYN SUTCLIFF JOSEPH BESCO Lt— ARDEN JOE PLOCHER WALLY WERDERICH c GARY GOLINSKI vim_ MARTY MUNNS ROSE SPEARS v�(U BOB ALLEN APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this _ 104'p'-day of QUA a�_ A.D, 2008. Mayor Attest: Ci rl o REDEVELOPMENT AGREEMENT FOR THE COUNTRYSIDE CENTER, YORKVILLE, ILLINOIS THIS AGREEMENT dated as of the _Q� clay of kx t , 2008, by and among the United City of Yorkville, Kendall County, Illinois, a municipal corporation (hereafter the "City") and T-L, Countryside LLC, a Delaware limited liability company (hereafter the "Developer").. WITNESSETH : WHEREAS, by Ordinance No 2005- 10A adopted by the Mayor and City COUncil of the City (the "Cwpoi°ate authorities") on February 8, 2005 , a Tax Increment Financing Redevelopment Project and Plan for the US Route 34 and Illinois Route 47 (Countryside Shopping Center) (hereinafter the "Redevelopment Plan") was approved, which Redevelopment Plan covered an area of approximately 20 acres legally described on Exhibit a attached hereto and made a part hereof, the boundary of which is depicted on Exhibit B also attached hereto and made a part hereof, as of said date being improved as a commercial shopping center with approximately 158,000 square feet of retail space on approximately 18 acres of land owned by the Developer plus approximately two acres of adjacent right of way within State Route 47 (the "Center"); and, WHEREAS, by Ordinance No 2005- 1OB and No 2005- 10C adopted by the Corporate Authorities on February 15 , 2005 , the City designated the Center as a "redevelopment project area" and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILLS 5/11 -744- 1 et seq.) (hereinafter referred to as the "act'); and, WHEREAS, pursuant to the Act, the City entered into a Redevelopment Agreement with the Developer which Redevelopment Agreement provided for the redevelopment of the Center, 05392\00547\475743 5 including, at a minimum, the demolition of the existing structures, reconfiguration of the Center and adjoining roadways, and construction of no less than 80,000 square feet of retail space; and, WHEREAS, in order to induce the Developer to proceed with the Development, the City issued tax exempt alternative revenue bonds in an amount which provided net proceeds of Three Million Dollars ($3 ,000,000) after finding for capitalized interest and payment of all bond issuance costs, which net proceeds were to be available to assist with the redevelopment of the Center (the "Brand Proceeds"); and, WHEREAS, as of the date hereof, there is approximately Two Million Eight Hundred and Eighteen Thousand Ten Dollars and Sixty Cents ($2,818,010.60) in the aggregate on deposit in the City's Special Tax Allocation Fund, Bond Fund and Project Fund from the Bond Proceeds; and, WHEREAS, as further inducement to the Developer, the City was also prepared to reimburse the Developer for additional redevelopment costs through the issuance of a note payable to the order of T-L in accordance with the terms and conditions as set forth in said Redevelopment Agreement; and, WHEREAS, the Developer undertook the demolition of existing structures and received $500,000 of the Bond Proceeds from the City, however, despite the best efforts of the Developer, the redevelopment of the Center in accordance with the approved concept plan did not proceed and it became apparent that a new concept for development would be required in order to attract viable retail businesses; and, WHEREAS, pursuant to the Illinois Municipal Code, 65 ILCS 5/ 1 - 1 - 1 , et seq., (the "Code") as from time to time amended, and more specifically, Sec 8- 11 -20 (the "Econonnic Incentive Act"), the Corporate Authorities are empowered to enter into economic incentive 05392\005417\475743.5 2 agreements or redevelopment agreements relating to the development or redevelopment of land within the City's corporate limits by which the City is authorized to rebate, share and/or pledge a portion of any retailer' s occupation taxes received by the City pursuant to the Illinois Retailers' Occupation Tax Act (35 ILCS 120/1 et wq as a direct result of such development or redevelopment; and, WHEREAS, the Developer has recluested that the Center° be designated a "Business District" in accordance with the Business District Development and Redevelopment Act (65 ILCS 5/ 11 -74, 3 et seg.) (the "Business District Act") pursuant to which the City is authorized to adopt a development or redevelopment plan and impose a business district retailers ' occupation tax and a business district service occupation tax ("Business Disarict Taxes") to pay business district project costs including the planning, execution and implementation of an approved business dish°ict plan; and, WHEREAS, design elements of the new concept plan presented by the Developer is an outdoor lifestyle center and which includes resting places, pedestrian-friendly medians, raised crosswalks, advanced stop lines, wide and raised sidewalks, on-street parking, multiple fountains, pavers, planters, and themed way directional signage (the "Concept Plan "); and, WHEREAS, the Developer has agreed to use commercially reasonable efforts to design and construct the Project to include light pollution reducing and high efficiency luminaires, to incorporate select green roof elements into the constrnetion of the roof to reduce heat island effects, to use low volatile organic compound materials, to design and construct the walls, roof and windows with an insulation value that meets or exceeds state energy codes, to encourage occupants of the Project to use energy management systems and has agreed to promote the use of recycled content building materials; and, 05392\10547\475743 5 3 WHEREAS, the City recognizes that the development of the Center is of vital importance to the City given its strategic location near the intersection of two primary commercial corridors of the City and therefore is prepared to utilize the economic, incentives available pursuant to the Act, the Economic Incentive Act and the Business District Act, in order to induce the Developer to incur extraordinary costs to create an outdoor lifestyle center as its town center, including a mix of frill and limited service dining and specialty retailers within a unique pedestrian environment. NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter° set forth, the parties agree as follows: Section L Statements of C/ttderstanding and Mtttttal Agt•eenteitt A. The Center has been designated by the City as a Redevelopment Project Area pursuant to the Act, which designation has not been amended or repealed and the redevelopment of the Center remains eligible for the benefits pursuant to the Act as may be approved by the City B, Under the Economic Incentive Act, in order to qualify for a sharing or rebate of all or a portion of Sales Taxes derived from the Center, the City must find that the property subject to the sharing or rebate agreement, if vacant, has been vacant for at least a year, or if a building had been located thereon, such building had been demolished within the last year and did not meet applicable building codes; or, such building was underutilized; or, the property, if developed, supports buildings which do not meet current codes or are underutilized; and, as a direct result of any economic incentive agreement, the City will benefit through the retention or creation of jobs; the strengthening of its commercial environment; the enhancement of its tax 05392\00547\475743 5 4 base; and the development will serve as a catalyst for the commercial development of adjacent areas C, In order to utilize the benefits available under the Business District Act, it is necessary that the City undertake and approve a specific plan for a business district (which plan must be in conformance with the City' s comprehensive plan) after no less than two (2) public hearings and findings of blight thereby requiring a development program . The City is prepared to proceed with a study to determine the Center's eligibility for the designation as a Business District and the preparation of a plan to supplement the Redevelopment Plan and a program to create a business district centered around a town center It is hereby agreed by the parties hereto that any commitments by the City for imposition of Business District Taxes pursuant to the Business District Act as hereinafter set forth is subject to the Center's eligibility and designation as a Business District. D. It is understood and agreed that prior to the submittal of a Final Plan for development, the Developer shall undertake all procedures as required pursuant to Chapter 13 of the City's Zoning Ordinance to rezone the Center as a Planed Unit Development E. The representations and recitations set forth in the preambles hereto are material to this Agreement and are hereby incorporated into and made a part hereof as though fully set forth in this Section I and said representations and recitations constitute the understandings of the City and the Developer. Section H. Development Program, A Commencing with the execution of this Agreement and until redevelopment of the Center is completed and the Center is fully occupied, the Developer shall conduct a 05392\00547\475743 5 5 marketing and leasing program for the Center to attract businesses suitable for occupancy in the Center. B _ Within thirty (30) days of the execution of this Agreement, the Developer shall submit to the City the Concept Plan for the Center which shall, at a minimum, include the following (hereinafter the "Project") : 1 . A one-story pedestrian oriented town center with no less than 166,000 square feet of building area designed for retail businesses such as full and limited serving dining, retail specialty shops, and entertainment or hospitality uses; 2 Construction of a new entranceway to the Center, including installation of a traffic signal and widening of Route 47 as necessary; 1 Improvements to Countryside and Center Parkways; and, 4. Site amenities including brick accented parking and walkway areas with a fountain, extensive plantings and resting areas. C.. Within thirty (30) clays of the execution of this Agreement, the Developer shall submit to the City its best estimate of a budget for the Project, excluding: any operating deficits incurred through calendar year 2008; acquisition loan interest; previously reimbursed demolition costs; deferred management and T1F subsidy fees owed by Developer to Tri-Land Properties, Inc ("Tri-Land"); financing fees owed by Developer to Tri-Land; or any costs incurred by Developer associated with the raising of equity. D. On or before June 1 , 200% the Developer shall have submitted to the City an application to rezone the Center as a Planned Unit Development as required by the City Code of Ordinances, including Chapter 13 thereof. 05392\00547\475743 5 6 E. On or before March 31 , 2010, the Developer shall have (i) submitted to the City a Final Plan for the redevelopment of the Center and the other components of the Project which shall conform to the approved Concept Plan and provide for no less than 166,000 total square feet of retail space, (ii) procured executed leases for no less than 60,000 square feet of retail space and (iii) committed to construct an additional 25,000 square feet of tenant space consistent with the Final Plan . Section III, City 's Commitments A. The City agrees to assist with the costs to be incurred by the Developer in connection with the widening and improvements to Route 47 including installation of a traffic signal and construction of a new entranceway from Route 47 into the Center (collectively the "Route 47 Improvements") in an amount equal to the lesser of 50% of the total cost of the Route 47 Improvements or $550,000 on the following terms: I . Construction of the Route 47 Improvements shall commence as soon as reasonably practicable after approval of the plan and design by the Illinois Department of Transportation and be prosecuted diligently to completion in accordance with such approved plan and design. 2. Payment shall be made by the City from the balance of the Bond Proceeds Two Million Eight Hundred and Eighteen Thousand Ten Dollars and Sixty Cents ($2,818,010.60) to the Developer within thirty (30) days of receipt of a request for payment, which request must be accompanied by an itemized list of all costs, invoices therefor and, as applicable, waiver of all lien rights from all contractors and subcontractors. 05392\00547\475743 5 7 B. At the request of the Developer on or before March 31 , 2010, the City shall undertake the establishment of a Business District pursuant to the Business District Act and authorize the imposition of Business District Taxes in the amount of 1 % of the selling price of tangible personal property; I % of the price of sales of' service; or I % of the value of a transfer of tangible personal property on the following terms : I Receipt of verification by Kane, McKenna & Associates, Inc., or another qualified consultant approved by the City that the Center is eligible for designation as a Business District under the Business District Act; and, 2 The Business District Taxes shall be deposited into a separate fund as determined by the City, consistent with the Business District Act and used for the purposes and in the amounts set forth in Section IV hereof. C. The City further agrees to pay or rebate to the Developer and/or pledge as security for the TIP Bonds (as hereinafter defined) 50% of the Sales Taxes generated from the retail businesses operating at the Center in accordance with the terms and conditions set forth in Section IV hereof based upon the following findings: 1 . The property had been and remained vacant for at least one year; 2. The Project is expected to create job opportunities within the City; 3 , The Project will serve to further the development of adjacent areas; 4. That without incentives including the Sales Tax Rebate herein set forth, the Project would not proceed; 5 , That the Developer meets the high standards of creditworthiness and financial strength by warranting that the Developer has contributed no less than 10% of the total cost of the Project; 05392\00547W75743 5 8 6. That the Project will strengthen the commercial sector of the City; 7 . That the Project will enhance the tax base of the City; and, 8_ That this Agreement to share, rebate or pledge Sales Taxes is in the best interest of the City Section IV. Disb ibution of Bond Proceeds to the Developer. A. On March 15, 2005, the City issued the United City of Yorkville, Kendall County, Illinois, $3 ,525,000 General Obligation Bonds (Alternate Revenue Source), Series 2005 (the "Allernale Revenue Bonds") to which it pledged and hereby restates its pledge of all Incremental Real Estate Taxes (as hereinafter defined) derived from the Redevelopment Project Area and the rebate of 50% of the Sales Taxes derived from the Project. The City realized $3,000,000 in Bond Proceeds from the issuance of the Alternate Revenue Bonds after payment of all costs of issuance and capitalized interest and distributed $500,000 of the Bond Proceeds to the Developer as reimbursement for a portion of the cost of demolition of structures which were located at the Center. B. The City hereby agrees to utilize the balance of the Bond Proceeds from the Alternate Revenue Bonds to fund its obligation to assist with the cost of the Route 47 hnprovements pursuant to the terms and conditions as set forth in Section Ill A hereof in an amount not to exceed $550,000 Provided the Developer has satisfied the conditions set forth in Sections ILD and III, the City agrees to distribute the remaining balance of the Bond Proceeds from the Alternate Revenue Bonds less such sums as deemed necessary to provide for 125% of the debt service requirements until the combination of the projected Business District Taxes, Incremental Real Estate Taxes (as hereinafter defined) and 50% of the Sales Taxes to be generated by the Center 05392\0051;7\475743 5 9 shall be sufficient to make all futui°e debt service payments on the Alternative Revenue Bonds based upon a feasibility report delivered to the City by the Developer and prepared by Kane, McKenna & Associates, Inc, or another consultant approved by the City . Distribution of such remaining balance of Bond Proceeds shall be solely for eligible Redevelopment Project Costs. To the extent any portion of the remaining Bond Proceeds that are held in reserve by the City to pay debt service on the Alternate Revenue Bonds are not so applied, such Bond Proceeds shall be distributed to the Developer. C . For purposes of this Agreement, "Redevelopment Project Costs" shall mean and include all costs defined as "redevelopment project costs" in Section 11 -74.4-3(q) of the TIP Act which are eligible for reimbursement under the TIF Act, including land acquisition costs. The parties acknowledge that the determination of Redevelopment Project Costs and qualification for reimbursement under this Agreement ar*e subject to the TIF Act, all amendments to the TIF Act both before and after the date of this Agreement, and all administrative rules and judicial interpretations rendered during the tern of this Agreement. The City has no obligation to the Developer to attempt to modify said rules or decisions but will cooperate with the Developer in obtaining approval of Redevelopment Project Costs. D. For purposes of this Agreement, "Incremental Real Estate Taxes" shall mean the amount of ad valorem taxes, if any, paid in respect of the Center and its improvements which is attributable to the increase in the equalized assessed value of the Center and its improvements over the initial equalized assessed value of the Center as determined by the County Assessor in accordance with the TIF Act , Section V. Issuance of TIF Bonds. 0539210054A475743 5 10 A After provision is made for the annual payment of the debt service due on the Altemate Revenue Bonds, the City shall pledge the balance of all Incremental Real Estate Faxes, the Business District Taxes and 50% of the Sales Taxes to the payment of bonds to be issued in an amount sufficient to provide net proceeds after payment of all costs of issuance, capitalized interest for the maximum period permitted by law and fund a debt service reserve, in an amount not to exceed a sum (the "Additional Subsidy ") calculated as (i) eleven million eight hundred seventy thousand seven hundred thirty six dollars ($ 11 ,870,736) (the "Alla.xinium Total Subsidy ") minus (ii) the total amount distributed to Developer under Section IV.B (the "TIF Bonds"). Issuance of said TIF Bonds shall be contingent upon satisfaction of the conditions set forth in Sections 11 D and III and the Developer' s ability to procure a TIF Bonds purchaser. All costs of issuance of the TIF Bonds are payable from the proceeds thereof provided, however, in the event the TIP Bonds are not sold, the Developer shall indemnify the City for any and all costs incurred by it in connection with any preparation to prepare the documentation to proceed with the issuance of said TIF Bonds . B . The TIF Bonds shall be due and payable on or before December 31 , 2029, as provided for in the Act, and shall be subordinate in all respects to the Alternate Revenue Bonds and conditioned upon the ability of the Developer to market and sell such TIF Bonds . C, Proceeds of the TIF Bonds shall be used to reimburse the Developer for Redevelopment Project Costs in accordance with the procedures set forth in Section VIII hereof and all the terms and conditions as may be imposed pursuant to a trust indenture to be executed by the City in connection with the issuance of the TIF Bonds Section VI. Issuance of Developer 's Note 05392V00547A475743 5 11 A Upon satisfaction of the conditions set forth in Sections I1 D and III, the City shall pay additional reimbursement to the Developer for redevelopment Project Costs in an amount not to exceed the excess of (i) the Additional Subsidy over (ii) the net proceeds of the IIF Bonds actually distributed to the Developer pursuant to Section V, plus interest, such obligation to be evidenced by the City's promissory note or notes, after approval of a Request for Reimbursement as provided in Section VIII. The note shall be in the form attached hereto as Exhibit C (the "Developer 's Nole"), hearing interest equal to the rate of interest being paid from time to time by Developer to the holder of the first mortgage lien on the Center, which Developer' s Note shall be deemed an obligation issued by the City pursuant to the Act , The Developer' s Note shall not constitute a general obligation of the City, nor shall the Developer 's Note be secured by the full faith and credit of the City., Principal and interest on the Developer's Note shall be payable solely from the Special Tax Allocation Fund ("STAF") and special sales tax fund ("STFUND") as hereinafter established after payment of the annual debt service on the Alternate Revenue Bonds and the TIF Bonds. Said Developer Note shall be subordinate in all respects to the Alternate Revenue Bonds and the TIF Bonds In no event shall amounts paid to the Developer under Section IV B, Section V and this Section VI exceed, in the aggregate, the Maximum Total Subsidy plus interest on the Developer' s Note , THE TIF BONDS AND TFIE DEVELOPER' S NOTE ARE LIMITED OBLIGATIONS OF THE CITY PAYABLE SOLELY FROM THE FUNDS PLEDGED HEREUNDER OF INCREMENTAL REAL ESTATE TAXES, 50% OF THE SALES TAXES AND TLIE BUSINESS DISTRICT TAXES AND ARE NOT BE TO BE SECURED BY THE FULL FAITH AND CREDIT OF THE CITY. Section VII. Establishment of the STAF and STFUND. 05392\00547\475743 .5 12 A In connection with the establishment and ongoing administration of the Redevelopment Project Area, the City has established the STAF pursuant to the requirements of the TIF Act into which the City shall deposit all Incremental Real Estate Taxes generated by the Redevelopment Project Area Furthermore, the City has established a special sales tax fund into which the City shall deposit 50% of all Sales Taxes received Prom the Redevelopment Project Area and all of the Business District Taxes received from the Business District at the Center (the "STFUND"). All deposits in the STAF are hereby pledged as follows: 1 First, to the payment of all principal and interest on the Alternative Revenue Bonds, which amounts shall be set aside upon receipt to ensure sufficient finds lot the amounts due for the next succeeding semi-annual payment; 2 Second, to the payment of the TIF Bonds as mandated by a trust indenture approved and executed by the City; 3 . Third, to the payment of interest due and owing on any outstanding Developer's Note; and, 4, Fourth, to the payment of outstanding Principal on the Developer 's Note. B. To the extent finds are insufficient in the STAF to pay any of the foregoing, the STFUND shall be applied by the City to pay any deficiency in the amounts due in the same order as the deposits to the STAF. C . Upon termination of this Agreement or after payment of all principal and interest on all outstanding Alternate Revenue Bonds and cancellation thereof, payment in full of all principal and interest on all outstanding TIF Bonds and cancellation thereof, and payment of 05392\00547\475743 5 13 principal and interest on the Developer's Note, all amounts deposited into the STAF and the STFUND shall be utilized by the City in accordance with all applicable laws . Section VIII. Reimbursement of Redevelopment Project Costs. To establish a right of reimbursement for Redevelopment Project Costs under this Agreement, whether from the Bond Proceeds or in order to cause the City 10 issue its Developer's Note the Developer shall submit to the City a written statement in the form attached to this Agreement as Exhibi! D (a "Request ,for Reimbursement") setting forth the amount of reimbursement requested and the specific Redevelopment Project Costs for which reimbursement is sought . Each Request for Reimbursement shall be accompanied by such bills, contracts, invoices, lien waivers or other evidence as the City shall reasonably require to evidence the right of the Developer to reimbursement under this Agreement. The City shall have thirty (30) days after receipt of any Request for Reimbursement from the Developer to recommend to the City Treasurer approval or disapproval of such Request and, if disapproved, to provide the Developer, in writing and in detail, an explanation as to why the City is not prepared to recommend such reimbursement, The only reasons for disapproval of any expenditure for which reimbursement is sought shall be that (i) it is not an eligible Redevelopment Project Cost under the TIF Act; (ii) inadequate documentation has been provided to substantiate such expenditure; (iii) it was not incurred and completed by the Developer in accordance with all applicable City Code requirements and the provisions of this Agreement, including without limitation, all approved permits; or, (iv) an amount equal to the Maximum Total Subsidy (plus interest on the Developer's Note) has been distributed to the Developer. The parties acknowledge that the determination of Redevelopment Project Costs and qualification for reimbursement under this Agreement are subject to the TIF Act, all amendments to the TIP Act 05392\00547\475743 5 14 both before and after the date of this Agreement, and all administrative rules and ,judicial interpretations rendered during the term of this Agreement fhe City has no obligation to the Developer to attempt to modify said rules or decisions but will cooperate with the Developer in obtaining approval of Redevelopment Project Costs. C Request for Reimbursement of Redevelopment Project Costs from the Bond Proceeds or the proceeds from the sale of the TIF Bonds shall be made no more frequently than monthly After such scans have been distributed, Request for Reimbursement of Redevelopment Project Costs shall be made no more frequently than semi-annually. Section IX. Further Undertakings on the Part of Developer. The Developer covenants and agrees that the Project shall result in a total investment of no less than $40,277, 763 , including $2,400,000 for improvements to adjoining public, roads. Section X. Term Unless earlier terminated pursuant to Section .XXIV, the term of this Redevelopment Agreement shall commence on the date of execution and end December 31 , 2029 (the "TIF Termination Date"), except for the Business District designation and benefits provided thereunder, which shall terminate on the termination date established by its governing ordinance. Section .XI. Verification of Tax Increment A. The Developer shall use its best efforts to cooperate with the City in obtaining copies of its real estate tax bills payable in 2008, and paid in each subsequent year during the term of this Redevelopment Agreement. B . In order to calculate the Incremental Sales Taxes, the Developer (and any transferee of all or a portion of the Center) and the City shall cooperate to provide the City access to the sales tax data of those retail business that are located in the Center The City and the 05392\00547\475743 5 15 Developer (and any transferee of all or a portion of the Center) shall jointly exercise reasonable efforts to establish a system with the Illinois Department of Revenue to arrange for the receipt of such information. Additionally, the Developer (and any transferee of all or a portion of the Center) shall provide or cause to be provided to the City appropriate completed Illinois Department of' Revenue sales tax returns, or powers of attorney to obtain the data reported thereon, for each such retail business. The Developer (and any transferee of all or a portion of the Center) shall exercise commercially reasonable efforts to include such provisions in each of its leases for property within the Center as may be necessary in to enable the Developer (and any transferee of all or a portion of the Center) to comply with the terms of this paragraph. To the extent such Incremental Sales Taxes received by the City are not required to pay debt service on the Alternate Revenue and TIF Bonds for the debt service payments due the following twelve months, such Incremental Sales Taxes are hereby deemed Excess Sales Tax Increment. Each calendar year during the term of this Redevelopment Agreement, on or before the date the annual installment is due and payable on the Developer's Note as provided in Section Vl, the City shall deposit all Excess Incremental Sales Taxes to be used to pay the Developer' s Note into the STFUND provided in Section VII. Section XII. No Liability of City,for Others for Developer 's Expenses. The City shall have no obligation to pay costs of the Project or to make any payments to any person other than the Developer, no shall the City be obligated to pay any contractor, subcontractor, mechanic, or materialman providing services or materials to the Developer for the development of the Project. Section XIII. Time; Force Majeure. Time is of the essence of this Redevelopment Agreement, provided, however, a party shall not be deemed in material breach of this Redevelopment Agreement with respect to any 05392V00547A475743 5 16 obligations of this Redevelopment Agreement on such party' s part to be performed if such party fails to timely perform the same and such failure is due in whole or in part to any strike, lock-out, labor trouble (whether legal or illegal), civil disorder, weather conditions, wet soil conditions, failure or interruptions of power', restrictive govenmmental laws and regulations, condemnations, riots, insurrections, acts of terrorism, war, fuel shortages, accidents, casualties, floods, earthquakes, fires, acts of God, epidemics, quarantine restrictions, freight embargoes, acts caused directly or indirectly by the other party (or the other party ' s agents, employees or invitees) or similar causes beyond the reasonable control of such party ("Face Alajewe") If one of the foregoing events shall occur or either party shall claim that such an event shall have occurred, the party to whom such claim is made shall investigate same and consult with the party malting such claim regarding the same and the party to whorm such claim is made shall grant any extension for the performance of the unsatisfied obligation equal to the period of the delay, which period shall commence to run from the time of the commencement of the Force Majeure; provided that the failure of performance was reasonably caused by such Force Majeure, Section X[V. Coirveyance or Assigrnnreat of'tlte Center . The Developer may not sell, transfer, assign or otherwise convey all or any portion of its interest in the Center (any of the foregoing being herein defined as a " Tram fer ") during the term of this Redevelopment Agreement without the prior written consent of the City, which consent shall not be unreasonably withheld or delayed or conditioned. Notwithstanding the provisions of the immediately preceding sentence, the City agrees that it will not withhold its consent to any proposed Transfer (i) of all or any portion of the Center to an occupant that will operate a business in the Center or to any transferee that is an Affiliate (as hereinafter defined) of such business operator, (ii) to any Affiliate of Developer, (iii) to a transferee who either (a) directly or 05392\00547\475743 5 17 indirectly through an Affiliate, has substantial and demonstrable experience in the operation or management of retail shopping centers similar in size to, or greater in size than, the Center or (b) as a condition precedent to the closing of the Transfer, will enter into a management agreement (a copy of which shall be delivered to the City) with Developer or another entity having substantial and demonstrable experience in the operation or management of retail shopping centers similar in size to, or greater in size than, the Center, and will continuously keep the Center under the management of such management company or one or more successors with the foregoing qualifications In all instances, it shall be a condition of the City's obligation to consent to a proposed Transfer that the proposed transferee execute a document in form and substance reasonably satisfactory to the City that evidences such transferee's agreement to be bound by the terms and provisions of this Redevelopment Agreement during such transferee' s period of ownership of the Center or any portion thereof, including, without limitation, the obligation to provide to the City, or arrange for the provision to the City of, sales tax data of those retail businesses located in the portion of the Center owned by such transferee as described in Section VII The Developer's Note may be assigned by the Developer in connection with any Transfer made in accordance with the provisions of this Section X. As used in this Redevelopment Agreement, an "Affiliate " means, with respect to any person or entity, any person or entity directly or indirectly, through one ( 1 ) or more intermediaries, controlling, controlled by or under common control with such person or entity. Anything set forth herein to the contrary notwithstanding, the Developer or any permitted successor° my freely grant mortgages on the Center at any time and from time to time without the consent of tile City, Section XV Developer 's Indemnification 05392\00547\475743 5 18 The Developer shall indemnify and hold harmless the City, its agents, officers and employees (individually an "bzdenmilee " and collectively the "bulenn7itees ") from and against any and all obligations, losses, damages, penalties, actions, claims, suits, liabilities, judgments, costs and expenses (including reasonable attorney ' s fees and disbursements of counsel for such Indemnitees) which may arise directly or indirectly from ( i) the failure of the Developer to comply with any of the terms, covenants or conditions set forth in this Redevelopment Agreement, (ii) the Developer's failure to pay general contractors, subcontractors or matedalmen in connection with improvements to the Center funded with the proceeds of the Bonds or the Developer's Note or ( iii) the existence of any material misrepresentation or omission on the part of the Developer in this Redevelopment Agreement or any other document related to this Redevelopment Agreement that is the result of information supplied or omitted to be supplied by the Developer, or (iv) bodily injury, death or property damage caused by the alleged or actual negligence, recklessness or willful misconduct of the Developer or any of its officers, managers, agents employees, contractors subcontractors or agent or employee thereof (so long as such contractor, subcontractor or agent or employee is hired by the Developer) The Developer shall, at its own cost and expense, appear, defend and pay all charges of attorneys, costs and other expenses arising therefrom or incurred in connection therewith. If any judgment shall be rendered against the City, its agents, officers, officials or employees in any such action, the Developer shall, at its own expense, satisfy and discharge the same. This paragraph shall not apply, and the Developer shall have no obligation whatsoever, with respect to any acts of negligence or reckless or willful misconduct on the part of the City or any of its officers, agents, employees or contractors Section XVL Waiver. 05392\005417\475743 5 19 Any party to this Redevelopment Agreement may elect to waive any remedy it may enjoy hereunder, provided that no such waiver shall be deemed to exist unless the party waiving such right or remedy does so in writing No such waiver shall obligate such party to waive any right or remedy hereunder, or shall be deemed to constitute a waiver of other rights and remedies provided said party pursuant to this Redevelopment Agreement. Section XV7L Sever-ability If any section, subsection, term or provision of this Redevelopment Agreement or the application thereof to any party or circumstance shall, to any extent, be invalid or unenforceable, the remainder of said section, subsection, term or provision of this Redevelopment Agreement or the application of same to parties or circumstances other than those to which it is held invalid or unenforceable, shall not be affected thereby. Section XV777. Notices . All notices, demands, requests, consents, approvals or other instruments required or permitted by this Redevelopment Agreement shall be given in writing at the addresses set forth below, and shall be executed by the party or an officer, agent or attorney of the party, and shall be given by any of the following means: (i) personal service, (ii) telecopy or facsimile, (iii) deposit with a commercial overnight courier, such as FedLx, for delivery on the next business day, freight prepaid or (iv) deposit with the United States Postal Service as certified mail, return receipt requested. Any notice demand, request, consent or approval sent pursuant to (A) either clause (i) or (ii) shall be deemed received when sent, if sent by 5 :00 p.m, on a business day, otherwise on the next business day or (B) clause (iii) shall be deemed given on the next business day following deposit with the courier or (C) clause (iv) on the third (3'd) day from and including 05392\00547\475743 5 70 the date of posting. Any of the following addresses may be changed by notice given to the other parties in the same manner provided above . To the Developer: Tri-Land Properties, Inc_ One Westbrook Center, Suite 520 Westchester, Illinois 60154-5764 Attention : Hugh D Robinson Facsimile: 708 , 531 8217 T-L, Countryside LLC One Westbrook Center, Suite 520 Westchester, Illinois 60154-5764 Attention: Hugh D Robinson Facsimile: 708 531 ,8217 1117th a copy to: Jeffrey D. Warren Burke, Warren, MacKay & Serritella, 11 C. 330 North Wabash, 22nd Floor Chicago, Illinois 60611 -3607 Facsimile : 312 840 7900 To the City: United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Attention: City Administrator Facsimile: 630 553 ,7575 With a copy to Kathleen Field Orr Kathleen Field Orr & Associates 180 North Michigan Avenue, Suite 1040 Chicago, Illinois 60601 Facsimile: 312,382.2127 Section XIX. Successors in Interest , This Redevelopment Agreement shall be binding upon and inure to the benefit of the parties to this Redevelopment Agreement and their respective successors and assigns. Section XX. No Joint Venture, Agency or Partnership Created. 05392\00547\4175743 5 21 Neither anything in this Redevelopment Agreement nor any acts of the parties to this Redevelopment Agreement shall be construed by the parties or any third person to create the relationship of a partnership, agency, or ,joint venture between or among such parties Section XVI. Warranties and Covenants of the Developer . A. The Developer hereby represents and warrants that as of the (late hereof, T-L is a drily organized and validly existing limited liability company organized under the laws of the state of Delaware and is duly authorized to transact business in the state of Illinois, and Tri-Land is a duly organized and validly existing corporation organized under the laws of, and in good standing under the laws of the state of Illinois_ B. The Developer covenants and agrees to comply with all applicable zoning ordinances and regulations, building code, fire code and all other City ordinances, resolutions and regulations with respect to the redevelopment and operation of the Center. C With respect to the redevelopment and operation of the Center, the Developer hereby covenants and agrees to comply with all applicable laws, rules and regulations of the State of Illinois, the United States and all agencies of each of them having jurisdiction over it. Section XXIL Additional Covenanis of City. A The City covenants and agrees to comply with all provisions and requirements of the Act and the Code with respect to all matters relating to this Redevelopment Agreement . B. The City will waive any requirement for the payment of water, sewer, and other utility "tap-on" or connection fees and charges to the City with respect to the Center, and will cooperate with the Developer's efforts to obtain similar waivers from other governmental agencies and bodies that may impose such fees or charges. 05392\00547\475743 5 22 C The City will waive all impact fees, building permit fees and other fees with respect to the redevelopment of the Center, provided, however, this waiver shall not relieve the Developer from any obligation to reimburse the City for the reasonable fees of any consultants paid by the City in connection with the review of approval of plans submitted to the City for its approval by the Developer_ D The City acknowledges and agrees that the Center curd°ently has adequate storm water management measures in place. The City further agrees that unless the redevelopment of the Center materially increases the amount of stor°n3 water run-off generated by the Center, no further storm water management measures shall be required, and in the event there is a material increase in the amount of storm water run-off generated as a result of the redevelopment of the Center and additional storm water management measures are required, such additional measures shall be implemented in accordance with the use of Best Management Practices in the most cost effective manner possible under the circumstances, L. The City will actively support and cooperate with the Developer's request to the Illinois Department of Transportation for direct access driveways to and fiom the Center from Route 47 to the extent such request is supported by a traffic analysis prepared by Smith Engineering Consultants, Inc. or another recognized traffic engineering consultant acceptable to the City Engineer, P. The City shall, within ten ( 10) days following request in writing from the Developer, execute, acknowledge and deliver to Developer a statement in writing addressed to the Developer, or any prospective mortgagee purchaser, certifying: that this Redevelopment Agreement is unmodified and in hill force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications); that the Developer 05392\00547\475743 5 23 is not, to the City's knowledge, in default under this Redevelopment Agreement (or, there is a known default, specifying same) and any other matters reasonably requested by the Developer Section XXIIL No Disci°iminatt'on — Cottsb•ttction . The Developer for itself and its successors and assigns agrees that in the construction of the improvements at the Center provided for in this Redevelopment Agreement the Developer shall not discriminate against any employee or applicant for employment because of race, color, religion, sex or national origin The Developer shall take affirmative action to require that applicants are employed and that employees are treated during employment, without regard to their race, creed, color, religion, sex or national origin. Such action shall include, but not be limited to, the following: employment upgrading, demotion or transfer; recruitment or recruitment advertising and solicitations or advertisements for employees; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Developer agree to post in conspicuous places, available to employees and applicants for employment, notices, which may be provided by the City, setting forth the provisions of this nondiscrimination clause. Section XXIV. Remedies — Liability, A. If, in the City's ,judgment, the Developer is in material default of this Redevelopment Agreement, the City shall provide the Developer with a written statement indicating in adequate detail any failure on the Developer' s part to fulfill its obligations under this Redevelopment Agreement. Except as required to protect against further damages, the City may not exercise any remedies against the Developer in cormection with such failure until thirty (30) days after giving such notice. Iff by its nature such default cannot reasonably be cured within such thirty (30) day period, such thirty (30) clay period shall be extended for such time as 05392\00547\475743 5 24 is reasonably necessary for the curing of the same, so long as the Developer diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement A default not cured as provided above shall constitute a breach of this Redevelopment Agreement_ Any failure or delay by the City in asserting any of its rights or remedies as to any default or alleged default or, breach shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach B . If the Developer materially fails to fulfill its obligations under this Redevelopment Agreement after notice is given by the City and any cure periods described in paragraph A above have expired, or if the Developer is in material default under the purchase agreement for the acquisition of the Center, the City may elect to terminate this Redevelopment Agreement or exercise any right or remedy it may have at law or in equity, including the right to specifically enforce the terms and conditions of this Redevelopment Agreement. If any voluntary or involuntary petition or similar pleading under any section or sections of any bankruptcy or insolvency act shall be filed by or against the Developer, or any voluntary or involuntary proceeding in any court or tribunal shall be instituted to declare the Developer insolvent or unable to pay the Developer' s debts (and, in the case of an involuntary proceeding such proceeding is not vacated or dismissed within 60 days of being filed), or the Developer makes an assignment for the benefit of its creditors, or a trustee or receiver is appointed for the Developer or for the major part of the Developer' s property, the City may elect, to the extent such election is permitted by law and is not unenforceable under applicable federal bankruptcy laws, but is not required, with or without notice of such election and with or without entry or other action by the City, to forthwith terminate this Redevelopment Agreement- 05392\00547\475743 5 25 C If, in the Developer' s judgment, the City is in material default of this Redevelopment Agreement, the Developer shall provide the City with a written statement indicating in adequate detail any failure on the City's part to fulfill its obligations under this Redevelopment Agreement. The Developer may not exercise any remedies against the City in connection with such failure until thirty (30) clays after giving such notice . If by its nature such default cannot reasonably be cured within such thirty (30) day period, such thirty (30) day period shall be extended for such time as is reasonably necessary for the curing of the same, so long as the City diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement. A default not cured as provided above shall constitute a breach of this Redevelopment Agreement . Any failure or delay by the Developer in asserting any of their rights or remedies as to any default or any alleged default or breach shall not operate as a waiver of any such default or breach of shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach . D In addition to any other rights or remedies, a party may institute legal action against the other party to cure, correct or remedy any default, or to obtain any other remedy consistent with the purpose of this Redevelopment Agreement, either at law or in equity, including, but not limited to the equitable remedy of an action for specific performance; provided, however, no recourse under or upon any obligation contained herein or for any claim based thereon shall be had against the City, its officers, agents, attorneys, representatives or employees in any amount or in excess of any specific sum agreed to be paid by the City hereunder, and no liability, right or claim at law or inequity shall be attached to or incurred by the City, its officers, agents, attorneys, representatives or employees in any amount in excess of 05392\00547\475743 5 26 any specific sums agreed by the City to be paid hereunder and any such claim is hereby expressly waived and released as a condition of and as consideration for the execution of this Redevelopment Agreement by the City, E. The rights and remedies of the parties are cumulative and the exercise by a party of one or more of such rights or remedies shall not preclude the exercise by it, at the same time or- different times, of any other rights or remedies for the same default or for any other default by the other party. Section XXV Anren(lnrent. This Redevelopment Agreement, and any exhibits attached to this Redevelopment Agreement, may be amended only in a writing signed by all the parties with the adoption of any ordinance or resolution of the City approving said amendment, as provided by law, and by execution of said amendment by the parties or their successors in interest Except as otherwise expressly provided herein, this Redevelopment Agreement supersedes all prior Redevelopment Agreements, negotiations and discussions relative to the subject matter hereof, Section XXV7. Counterparts . This Redevelopment Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument [Signature page Jollouls] 05392koo547\475743 5 27 IN WITNESS WHEREOF, the parties hereto have caused this Redevelopment Agreement to be executed by their duty authorized officers on the above date at Yorkville. Illinois. United City of Yorkville, an Illinois municipal corporation By: —11 luj Mayor Altesi : T-L Countryside LLC, a Delaware limited liability compcmy, Tri-Land Properties, jrfc , its M ger, i iBy: Rieh `h . ube, President ,art 05392\00547\475743 5 28 STATE OF ILLINOIS ) ) SS . COUNTY OF COOK ) 17 J A C4 U E L�% /Q R . Ih u ,s I L.- a Notary Public in and for said County, in the State aforesaid, do hereby certify that Richard F. Dube, the President of Tri-Land Properties, Fire , an Illinois corporation and the Manager of T-L, COUNTRYSIDE LLC, a Delaware limited liability company, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such President appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his own free and voluntary act and as the free and voluntary act of said Manager, for the uses and purposes therein set forth GIVEN under my hand and notarial seal, this )-S" k day of August, 2008 OFFICIAL SEAL JACQUELYN R MUSIL ` NOTARY PUBLIC - STATE OF ILLINOIS - MY COMMISSION EXPIRES:09l24110 No ,a 'y PO, lic (SEAL,) STATE- OF ILLINOIS ) ) SS COUNTY OF ICE^ND ALL ) I, mleahak? ; eb a Notary Public in and for said County, in the State aforesai , do hereby certify that Lqlr yr rvoC the Mayor of The United City of Yorkville, an Illinois municipal corporation, and Gi</a PC�e_4t> the City Clerk of The United City of Yorkville, who are personally kn6jwn t me to be the same persons whose names are subscribed to the foregoing instrument as such Mayor and City Clerk, appeared before me this day in person and acknowledged that they signed, attested and delivered the said instrument as their own free and voluntary act for the uses and purposes therein set forth , GIVEN under my hand and notarial seal, this d "day of f( 2008 OFFICIAL SEAL MEGHAN GEHR Notary R lic NOTARY PUBLIC � STATE ;IF ILLINOIS PAY COMMISSION EXPIRES 11116111 (SEAL) Lshibil A LEGAL (DESCRIPTION LOT 7 (EXCEPT THAT PART DESCRIBED AS FOLLOWS : COMMENCING AT II-lE MOST EASTERLY SOUTHEAST CORNER. OF SAID LOT 7; THENCE, NORTH 80 DEGREES 58 MINUTES 11 SECONDS WEST ALONG A SOUTHERLY LINE OF SAID LOT 7) 309 0 FELT TO A SOUTHEAST CORNER OF SAID LOT 7 FOR A POINT OF BEGINNING; THENCE SOUTH 80 DEGREES 58 MINUTES 1 I SECONDS EAST ALONG SAID SOUTHERLY LINE 309 .0 FEET TO A SOUTHEAST CORNTER OF SAID LOT 7; THENCE NORTH 04 DEGREES, 45 MINUTES EAST ALONG AN EASTERLY LINE OF SAID LOT 7, 90. 0 FEET; THENCE NORTH 80 DEGREES 58 MINUTES 1 I SECONDS WEST 140.35 FEET; TFIE.NCE SOUTH 70 DEGREES 02 MINUTES 02 SECONDS WEST 185 15 FEET TO THE POINT OF BEGINNING; AND ALSO EXCEPTING THAT PART DESCRIBED AS FOLLOWS : BEGINNING AT THE INTERSECTION OF THE SOUTHERNMOST LINE OF LOT 6 OF SAID RE.SUBDIVISION WITH THE WESTERLY LINE OF ILLINOIS ROUTE NO 47; THENCE SOUTH 69 DEGREES 58 MINUTES 14 SECONDS WEST ALONG SAID SOUTHERNMOST LINE 230 45 FEET TO THE SOUTHERNMOST CORNER OF SAID LOT 6; THENCE SOUTH 19 DEGREES 57 MINUTES 46 SECONDS EAST 192 30 FEET; THENCE. NORTH 70 DEGREES 02 MINUTES 14 SECONDS EAST 141 82 FEET TO SAID WESTERLY I INE; THENCE NORTH 04 DEGREES 45 MINUTES 00 SECONDS EAST ALONG SAID WESTERLY LINE 2I 1 .98 FEET TO THE POINT OF BEGINNING) OF THE RESUBDIVISION OF PART OF BLOCK 1 , COUNTRYSIDE CENTER, UNIT NO. I , YORKVIL.LE, ILLINOIS, AND ALSO THAT PART OF CENTER PARKWAY LYING NORTHERLY OF THE NORTH RIGHT OF WAY LINE OF U. S ROUTE 34 AND SOUTHERLY OF THE NORTH RIGHT OF WAY LINE OF COUNTRYSIDE PARKWAY, AND ALSO TFIAT PART OF COUNTRYSIDE PARKWAY LYING EASTERLY OF THE WEST RIGHT OF WAY LINE OF CENTER PARKWAY AND WESTERLY OF THE WEST RIGHT OF WAY LINE OF ILLINOIS ROUTE 47, AND ALSO THAT PART OF ILLINOIS ROUTE 47 LYING SOUTHERLY OF A LINE. THAT IS 70.0 FEET SOUTHERLY OF AND CONCENTRIC WITH THE SOUTH RIGHT OF WAY LINE: OF COUNTRYSIDE PARKWAY EXTENDED EASTERLY, AND NORTHERLY OF A LINE THAT IS 60.0 SOUTHERLY OF AND PARALLEL. WITH TLIE MOST EASTERLY SOUTHERLY LINE OF SAID L.OT 7 EXTENDED EASTERLY, IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, 1L.LTNOIS F_xhihil B J� S YORKV ILLE BUSINESS DISTRICT �2 SEC GROUP, INSE E[plroerinp COinIN m1NdspMpt..,yu(COUNTRYSIDE CENTER BUSINESS DISTRICT) °° ° Cdp Mr [G, ff C'Ln,gnw0 L= rs49' PARKWAY R-=400' \ 56,04' Sl� 0 06 a I \ 56T5 41 L=41. 53' in - \ R=25. 0' � u` I r y i 26 ,x. 0 p4 L=59.49:. ' 010,216 R=aBb' � . d 5UE3JEGT 07 0.02 0 Pi?.OPERTY w t=32 2 ' fy R=32:0' " 3 \ ,214.64 W moo° I . N1406 O9 19D s5' J wo S89 ey 16'1I " N8DS8 rY "w/ — .� a ° 216. 95' 85 15 ,.W I N 510 02 02 I ro 3"" _ i 2 VB0LT500"W ccl" I ---.,. _ � 211.pI • v I-------_- v _ i I � I U 4 BUSINESS DISTRICT AREA YORKVILLE BUSINESS DISTRICT #2 (COUNTRYSIDE CENTER BUSINESS DISTRICT) RMAMS p;ill AYM pT: =M�� + p ESGNED pT NCN 1 Exhibit C DEVELOPER'S NOTE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS SPECIAL TAX INCREMENT REVENUE NOTE. Date Anmrtnt WHEREAS, pursuant to its powers and in accordance with the requirements of the Tax Increment Allocation Redevelopment Act, 65 ILLS .5/11 -74.4 et seq (the "Act"), the Corporate Authorities of the United City of Yorkville, designated a Redevelopment Project Area and approved a Redevelopment Plan for the redevelopment of the Redevelopment Project Area; and, WHEREAS, pursuant to its powers and in accordance with the requirements of the Act, the Corporate Authorities of the United City of Yorkville approved tax increment allocation financing for the purpose of implementing the Redevelopment Plan for the Redevelopment Project Area; and, WHEREAS, pursuant to the Illinois Municipal Code, 65 ILLS 5/1 - 1 -1 , et ,seq. (the "Code") and more specifically, See , 8- 11 -20, the Corporate Authorities of the United City of Yorkville have agreed to share its retailer' s occupation taxes, service occupation taxes, use taxes and service use taxes received by the City from the Redevelopment Project Area pursuant to the Illinois Retailers' Occupation Tax Act (35 ILCS 120/ 1 et seq ,), Service Occupation Tax Act (35 ILLS 115/1 et seq, ), Use Tax Act (35 ILCS 105/ 1 et seq ), and Service Use Tax Act (35 ILCS 110/1 et :seq_ ) (collectively "Sales Taxes") and also business district retailers' occupation taxes and business district service occupation taxes received by the City from the Business District within the Redevelopment Project Area pursuant to the Business District Development and Redevelopment Act (65 ILCS 5/ 11 -743 et seq.) ("Business District Taxes"); and WHEREAS, on the City and T-L Countryside LLC ( "T- L ") entered into a certain Redevelopment Agreement (the "Redevelopment Agreement"); and, WHEREAS, pursuant to the Redevelopment Agreement, the City has agreed to reimburse the T-L for Redevelopment Project Costs (as defined by the Act) incurred by the Developer in connection with or as a result of the redevelopment of the Redevelopment Project Area. NOW, THEREFORE, the City, by and through the Corporate Authorities, covenants and agrees as follows: 05392\00547\475743 3 I Incorporation of recitals and definitions of terms . The foregoing recitals are incorporated into this Developer' s Note as if they were fiilIy set forth in this Section I All capitalized terms, unless otherwise specifically defined herein, shall have the meanings given them in the Redevelopment Agreement 2. Promise to pall Subject to the limitations contained in the Redevelopment Agreement, the City promises to pay to the order of the Developer, in accordance with the terms of this Developer's Note, the principal sum of $ , together with interest on the balance of such principal sum outstanding from time to time at the rate of interest rate provided for in Section VI of the Redevelopment Agreement 3 Pledge of and lien orr, hacreinental Taxes . THIS NOTE SHALL. BE PAYABLE FROM AND SECURED BY A PLEDGE OF, AND LIEN ON , INCREMENTAL REAL ESTATE TAXES, SALES TAXES AND BUSINESS DISTRICT TAXES RECEIVED BY THE CITY FROM THE PROJECT (COLLECTIVEL,Y "INCREMENTAL TAXES") BUT ONLY TO THE EXTENT SUCH INCREMENTAL TAXES ARE NOT REQUIRED TO PAY DEBT SERVICE ON CERTAIN BONDS ALL AS SET FORTFI IN THE REDEVELOPMENT AGREEMENT. SUCFI PAYMENT, PLEDGE AND LIEN SHALL BE SUBJECT TO ALL, PRIOR PLEDGES Oh INCREMENTAL TAXES, PURSUANT TO, AND ALL TERMS AND CONDITIONS AS SET FORTH 1N, TLIE REDEVELOPMENT AGREEMENT 4, Payments. The indebtedness evidenced by this Developer's Note shall be payable in annual installments, due on February I st of each year or such later date that is within thirty (30) days of receipt by the City of all Incremental Sales Taxes (as defined in the Redevelopment Agreement for the prior calendar year, during the term of the Redevelopment Agreement, from the following sources and no other sources: (i) 100% of the Excess Real Estate Tax Increment (as defined in the Redevelopment Agreement); plus (ii) 50% of the Excess Sales Tax Increment (as defined in the Redevelopment Agreement) generated during each calendar year or partial calendar year until December 31 , 2029 (the "A4crtin°ily Date") (iii) 100% of the Business District Taxes (as defined in the Redevelopment Agreement) generated during each calendar year or partial calendar year until the Maturity Date 5 . Place of payment Payments made under this Developer' s Note by the City shall be made by check payable to the order of the Developer and mailed to the Developer at such address as the Developer may designate in writing from time to time. 6. Limited obligation of the City, THIS DEVELOPER'S NOTE IS NOT SECURED BY THE FULL FAITH AND CREDIT OF THE CITY AND IS NOT PAYABLE OUT OF TLIE 05392\00547\475743 5 CITY ' S GENERAL, REVENUE FUND . THIS DEVELOPER ' S NOTE CONSTITUTES A LIMITED OBLIGATION OF THE CITY, AND ALL, PAYMENTS DUE UNDER THIS DE.VEL,OPER' S NOTE SHALL, BE PAYABLE SOLELY FROM INCREMENTAL, TAXES AND BUSINESS DISTRICT TAXES THAT ARE- AVAILABLE FOR SUCH PURPOSE UNDER THE PROVISIONS OF ] HE REDEVELOPMENT AGREEMENT FAILURE OF THE CITY TO REIMBURSE THE DEVELOPER FOR REDEVELOPMENT PROJECT COSTS DUE TO INSUFFICIENT FUNDS GENERATED FROM THE. RE- DEVEL,OPME•NT PROJECT AREA AND THE BUSINESS DISTRICT SHALL, NOT BE DEEMED A DEFAULT OF 1-1-1IS DEVELOPER' S NOTE ON THE PART OF THE CITY. 7 Dgfault. If Incremental Taxes and Business District Taxes are available to make any payment required by this Developer' s Note, and if the City thereafter fails to make such payment, the City shall be deemed to be in default under this Developer's Note After any default, The Developer may bring an action in any court of competent jurisdiction to enforce payment of this Developer' s Note, provided that the Developer shall have first given the City notice of its intent to bring such action and thirty (30) days to cure any such default. Failure of the Developer to exercise its right to bring an action to remedy a default hereunder shall not constitute a waiver of its right to bring an action to remedy any subsequent default. 8 miscellaneous, (a) If any provision of this Developer's Note is found by a court of competent jurisdiction to be in violation of any applicable law, and if such court should declare such provision to be unlawful, void or unenforceable as written, then it is the intent of the City and the Developer that such provision shall be given full force and effect to the fullest possible extent that is legal, valid and enforceable, that the remainder of this Developer' s Note shall be construed as if such unlawful, void or unenforceable provision was not contained herein, and that the rights, obligations and interests of the City and the Developer shall continue in full force and effect . (b) Any notice, request, demand, instruction or other document to be given or served hereunder shall be addressed, delivered and deemed effective as provided in the Redevelopment Agreement. (c) The provisions of this Developer' s Note shall not be deemed to amend the provisions of the Redevelopment Agreement in any respect. To the extent of any conflict or inconsistency between the provisions of the Redevelopment Agreement and the provisions of this Developer's Note, the Redevelopment Agreement shall in all instances supersede and control [Signature page follows] 3 05392\00547\475743 5 This Developer' s Note is executed as of the date first written above.. United City of Yorkville, an Illinois ❑ unicipal corporation By: Mayor A!!e s/ City Clerk 4 05392\00547475743 5 Exhibit D REQUEST FOR REIMBURSEMENT City of Yorkville Yorkville, Illinois 61490-9999 Ile: Redevelopment Agreement by and among the City of Yorkville, Kendall County, Illinois, an Illinois municipal corporation ; T-L Countryside LLC, a Delaware limited liability company Dear Sir: and Tri-Land Properties, Inc., an Illinois corporation (the "Developer") You are requested to approve the disbursement of funds from the Sub-Account(s) established by the City of Yorkville pursuant to the Agreement described above in the amount(s), to the persons) and for the purpose(s) set forth in this Request for Reimbursement I Request for Reimbursement No 2 Payment Due to: 3 Amount to be Disbursed: 4 The amount requested to be disbursed pursuant to this Request for Reimbursement will be used to pay Redevelopment Project Costs as defined in the Agreement and as listed on the Schedule to this Request for Reimbursement 5 The undersigned certifies that: (i) the amounts included in 3 above were made or incurred or financed and were necessary for the project and were made or incurred in accordance with the construction contracts, plans and specifications heretofore in effect; (ii) the amounts paid or to be paid, as set forth in this Request for Reimbursement, represents a part of the funds due and payable for Redevelopment Project Costs; (iii) the expenditures for which amounts are requisitioned represent proper Redevelopment Project Costs identified in the Agreement, have not been included in any previous Request for Reimbursement, have been properly recorded on the Developer's books and are set forth on the attached Schedule, with paid invoices attached for all sums for which reimbursement is requested; (iv) the moneys requisitioned are not greater than those necessary to meet obligations due and payable or to reimburse the Developer for his funds actually advanced for Redevelopment Project Costs; (v) the amount of Redevelopment Project Costs to be reimbursed in accordance with this Request for Reimbursement, together with all amounts reimbursed to the Developer Pursuant to the Agreement, is not in excess of $ 11 ,870,736; (vi) the Developer is not in default under the Agreement and nothing has occurred to the knowledge of the Developer that, with the passage of time or the giving of notice or both, would cause Developer to be in default of its obligations under the Agreement 6. Attached to this Request for Reimbursement is Schedule It together with copies of invoices or bills of sale and Mechanic's Lien Waivers covering all items for which reimbursement is being requested . T-L. Countryside L L.C, a Delaware corporation Date. By: Fri-Land Properties, file , an Illinois corporation Date By: APPROVED: City of Yorkville, an Illinois municipal corporation 05392\00547\475743 5 Reviewed By: Agenda Item Number 6 Legal ❑ NB #5 Finance ■ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number m Human Resources F-1 C�"Sad `=Q Community Development ❑❑ ADM 2012-20 Police ALE ��' Public Works ❑ Agenda Item Summary Memo Title: Fixed Asset Policy Meeting and Date: Administration—April 19, 2012 Synopsis: Revision to City's 2003 Fixed Asset Policy. See attached memo. Council Action Previously Taken: Date of Action: June 2003 Action Taken: Approval of current policy, Item Number: Type of Vote Required: Majority Council Action Requested: Approval Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: Memorandum To: Administration Committee EST. 1 _ 1836 From: Rob Fredrickson, Finance Director O 6 Date: March 8, 2012 Boa, =p Subject: Proposed Capital Asset Policy Revisions KantlaElCOUnry <LE Please see attached for the City's revised Capital(Fixed)Asset Policy. This is the first time that the policy has been revised since it was initially created in June of 2003. As stated in the attached document, the purpose of the Capital Asset Policy is to provide control and accountability over the City' capital assets (property, infrastructure,machinery&equipment,vehicles, etc.), and to provide guidance for financial reporting purposes. Most of the changes in the revised policy have to do with how the with how the information is presented. Besides these format adjustments, other changes include: • A"Definitions" section has been added to the revised policy, identifying and explaining commonly used capital asset accounting terminology. • The revised policy states that new capital assets will be depreciated using the half-year convention, instead of the full-month convention(current policy-pg.3). The half-year convention treats all fixed asset additions as if they were placed into service at the middle of the year and is the predominant convention used in tax accounting. In practice,the City already uses the half- year convention, due to its efficiency and simplicity. Therefore,it is recommended that the City's procedures regarding the depreciation of capital asset additions be revised, so that the policy compliments what is actually being done in practice. • The useful lives for all capital asset categories have been condensed. In addition,the useful lives of machinery&equipment,vehicles and software have been expanded to encompass the actual useful lives of the City's assets for those categories. United City of Yorkville Capital Asset Policy INTRODUCTION Purpose The purpose of this capital asset policy is to provide control and accountability over capital assets,and to gather and maintain information needed for the preparation of financial statements. Overview This policy is herein established to safeguard and address the United City of Yorkville's investment in property, which comprises a significant resource. This policy is meant to ensure compliance with various accounting and financial reporting standards including Generally Accepted Accounting Principles (GAAP), and Governmental Accounting, Auditing, and Financial Reporting(GAAFR). Furthermore, this policy is meant to reflect the United City of Yorkville's desire to meet the reporting requirements set forth in the Governmental Accounting Standards Board (GASB) Statement No. 34. Specifically, the GASB Statement No. 34 states that governments should provide additional disclosures in their summary of significant accounting policies including the policy for capitalizing assets and for estimating the useful lives of those assets which is used to calculate the depreciation expense. The Statement also requires disclosure of major classes of assets, beginning and end-of-year balances, capital acquisition, sales/dispositions, and current- period depreciation expense. Definitions Accumulated Depreciation — The total reduction in value over time of an asset since its acquisition,which is recorded for financial statement purposes. Acquisition Cost/Value — Assets should be recorded and reported at their historical costs, which include the vendor's invoice, freight charges, initial installation cost, modifications, attachments, accessories or apparatus necessary to make the asset usable and render it into service. Historical costs also include ancillary charges such as site preparation costs and professional fees. Additions — Newly acquired assets or modifications to existing assets. Modifications include capital outlays that increase the capacity, the useful life or efficiency of the asset. A change in capacity increases the level of service provided by an asset. A change in efficiency maintains the same service level,but at a reduced cost. Appraised Value — The estimated value of an asset based on the expertise of a qualified independent appraiser. Building—A roofed, enclosed facility intended for the permanent or temporary shelter of persons, animals,plants or equipment. Building Improvements — Capital costs that increase the value of a building. A building improvement should be capitalized as betterment and recorded as an addition of the value of the existing building if the expenditure for the improvement is at the capitalization threshold. The depreciable life of the improvement is calculated separately from the original building cost. 1 Capital Asset—A permanent item with a useful life that extends beyond one year, which is held for purposes other than investment or resale. Capital assets include land,land improvements other than buildings, infrastructure, buildings, machinery, equipment, vehicles and services necessary to the construction of infrastructure which are of long-term value. Construction in Progress — An asset that is comprised of the substantially incomplete construction costs of,typically, a road or building. Date Placed in Service—The date at which the capital asset becomes available for use. Depreciation — A method for allocating the acquisition cost/value of capital assets over time. GAAP requires that the value of capital assets must be written off as an expense ("depreciation expense") over the useful life of the asset. Disposition—The final status of an asset when it is removed from the capital asset accounts and is no longer physically located on the Government's property, e.g.,upon sale, scrap,or donation. Half-Year Convention —A depreciation convention that treats all property placed into service (or disposed of) during the fiscal year as being placed into service (or disposed of) at the midpoint of that year. Infrastructure—Assets that are long-lived capital assets that normally are stationary in nature and can be preserved for a significantly greater number of years than most capital assets. They include highways, ramps, bridges, retaining walls, parking lots, and sidewalks that the Government has purchased/constructed/accepted to fulfill its mission. Improvements other than Buildings — A modification to an outside area, other than repairs, e.g., sidewalks,parking lots,utility lines,fences. IT Equipment - All computerized and auxiliary automated equipment used in information handling, storage and retrieval and all voice, video, data communications and other communications systems equipment and controls. Land— The surface or crust of the earth, which can be used to support structures, and may be used to grow crops, grass, shrubs and trees. Land is characterized as having an unlimited life (indefinite) and is not depreciated. Land Improvements — Betterments, site preparation and site improvements (other than building and infrastructure)that ready land for its intended use. The costs associated with improvements to land are added to the cost of the land and are not depreciated. Leasehold Improvements — Construction of new buildings or improvements made to existing structures by the Government or its lessee, who has the right to use these leasehold improvements over the term of the lease. The improvements will revert to the lessor (Government) upon expiration of the lease. Moveable equipment or office furniture that is not attached to the leased property is not considered a leasehold improvement. Leased Equipment — Leased equipment should be capitalized (Capital Lease) if the lease agreement meets any one of the following four criteria: • The lease transfers ownership of the property to the lessee (Government)by the end of the lease. • The lease contains a bargain purchase option. • The lease term is 75 percent or more of the estimated economic life of the leased property. • The present value of the minimum lease payments at the inception of the lease, excluding executory costs, equals at least 90 percent of the fair value of the leased property. 2 Machine (Machinery) — any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of human tasks. Maintenance — Activities related to the repair and upkeep of an asset, with the intent of preserving the asset's original useful life and function. Costs associated with maintenance are not capitalized. Market Value — The cost to acquire an item in its current condition through an arm's length transaction. Also referred to as"fair market value"or"fair value". Net Book Value — The difference between the acquisition cost and accumulated depreciation. At the time of acquisition book value equals acquisition cost/value. Renovation — Construction activity that changes and/or improves the function of all or part of a facility. Scrap Equipment — An item that can be discarded as worthless or broken down into parts for disposal or salvage. Surplus Equipment—An item or items that are no longer needed or required. Useful Life — The period over which a capital asset has utility to the Government in performing the function for which it was purchased. Vehicles—Automobiles and trucks. This asset category includes any additions needed to allow a vehicle to perform its function such as a plow being added to a pickup truck to enable it to move snow. Each vehicle addition will have a separate asset number. INVENTORY,VALUING,CAPITALIZING AND DEPRECIATION Capital Asset Inventory Responsibility for control of capital assets will rest with the operating department wherein the asset is located. The Finance Department shall ensure that such control is maintained by establishing an inclusive capital asset inventory schedule. Asset purchases, which fall below the capitalization threshold,will not be included in the capital asset inventory. Each department will be responsible for notifying the Finance Department regarding fixed asset additions, disposals and transfers. The Department Head, or their designee, shall provide the Finance Department with the following information: • Asset Description—A description of the asset(serial#,model#,VIN#, etc.) • Asset Classification (Land and Land Improvements, Building and Building Improvements,Vehicles,Machinery and Equipment, and Infrastructure Assets) • Department name and physical location of asset • Date asset was purchased/acquired • Cost of Asset • Method of acquisition(purchased or donated) • Estimated useful life The capital asset inventory list will be maintained by the Finance Department, and will be periodically reviewed by each applicable City Department Head, or their designee. 3 Valuing Capital Assets Capital assets should be valued at historical cost, plus those costs necessary to place the asset in its location (i.e. freight, installation charges.) In the absence of historical cost information, a realistic estimate will be used. Donated assets will be recorded at their estimated current fair market value. Capitalizing When to Capitalize Assets: Assets are capitalized at the time of acquisition. To be considered a capital asset for financial reporting purposes an item must be at or above the capitalization threshold (refer to schedule on page 5) and have a useful life of at least two years. Assets Not Capitalized: Capital assets below the capitalization threshold (refer to schedule on page 5) but warranting "control" shall be inventoried at the departmental level and an appropriate list will be maintained. Capital Assets should be capitalized if they meet the following criteria: • Tangible • Useful life of more than one year(benefit more than a single fiscal period) • Cost exceeds designated threshold(refer to schedule on page 5) Routine repairs and maintenance, e.g., intermittent pavement repairs and pothole patching, are not capitalized but instead charged as an expense in the current fiscal period. Capital Assets include the following major classes of assets: Land and Land Improvements — Capitalized value is to include the purchases price plus costs such as legal and filing fees; improvements such as parking lots, fences, and pedestrian bridges. Building and Building Improvements—Costs include purchase price plus costs such as legal fees and filing fees; improvements include structures and all other property permanently attached to, or an integral part of the structure. These costs include re- roofing, electrical/plumbing, carpet replacement and HVAC. Vehicles—Costs include purchase price plus costs such as title&registration. Machinery and Equipment — Assets included in this category are heavy equipment, traffic equipment, generators, office equipment and phone systems. Infrastructure Assets — Infrastructure Assets are long-lived capital assets that are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets. Depreciation Depreciation is computed on a straight-line method. Additions or improvements to existing fixed assets will only be capitalized if the cost either enhances the asset's functionality or extends the asset's useful life. All capital asset additions will be depreciated using the half-year convention. Projects in process will be added to the asset base as the projected expenses are incurred. However,the project will first need to meet its individual asset class threshold. 4 Capital Assets Useful Lives and Thresholds are as follows: Useful Capitalization Life Threshold Land(including Right-of-Way) N/A $ 25,000 Land Improvements N/A 25,000 Buildings 10-50 Years 35,000 Building Improvements 10-20 Years 25,000 Machinery&Equipment 5-75 Years 5,000 Vehicles 5-15 Years 5,000 Software 2-5 Years 25,000 Infrastructure—Street& Storm Sewer 10-75 Years 50,000 Infrastructure—Water& Sewer 10-75 Years 75,000 OTHER Disposal of Capital Assets When a capital asset is disposed of, sold, or retired, its cost and accumulated depreciation are removed from the City's capital asset accounts and a gain or loss, if any, is recognized. An asset is removed from the capital asset accounts when it is determined that the asset is no longer operable, has been replaced, or is no longer available for use. Retirement may consist of sale, scrap or donation of the asset. The disposal of any capital asset must follow the procedures established by the City Council. In addition, all capital asset retirements, and related documentation,must be reported to the Finance Department. Lost or Stolen Property When suspected or known losses of inventoried assets occur, the Department responsible for the assets should conduct a search for the missing property. The search should include transfer to another department, storage, scrapping and surplus property. If the missing property is not found, the department must report the loss to the City Administrator. 5 CITY OF YORKV ELLE FIXED ASSET & CAPITALIZATION POLICY NNE 2003 OVERVIEW This capitalization policy is designed to provide a guideline for the financial management of the City of Yorkville's capital assets. The policy has been developed.to address requirements of the Governmental Accounting Standards Board-(GASB) Statement No. 34 to ensure compliance with generally accepted accounting principles (GAAP). Capital assets include infrastructure, land, land improvements, site improvements, buildings and improvements, vehicles, machinery, equipment and other tangible and intangible assets that have a useful life beyond a single reporting period. Capital assets should be reported at historical cost, which includes the amount paid for the asset as well as all costs associated with placing the asset in service. This may include engineering fees, architectural fees, site preparation, freight, etc. When the value paid for the asset cannot be determined, the asset's fair market value at the time of acquisition will determine the cost. INFRASTRUCTURE Infrastructure assets will include such assets as roads, sidewalks, streetlights, drainage systems, water systems and sewer systems. Included in this category will also be subsystems and networks of these systems. A network of assets is composed of all assets that provide a particular type of service for a government. A subsystem of a network is composed of all assets.that make up a similar portion or segment of a network of assets. For example, all,the roads of the City would be considered the street network, while the streetlights would be a subsystem of a street network. Capitalization of infrastructure shall include costs that are above the capitalization threshold and extend the useful life, increase the capacity and / or the efficiency of the infrastructure. General maintenance and repair projects shall not be capitalized. Capital infrastructure costs would include all labor, material, professional services, insurance and other indirect costs to construct the asset and put it into service. LAND AND IMPROVEMENTS The total asset value for land shall include the acquisition cost and all costs to prepare the land for its intended use, such as excavating, grading, drainage, landscaping, etc. The cost of the land shall include the purchase price as well as all associated costs, such as legal fees, title searches and any other closing costs. Land acquired through eminent domain proceedings should be reported at the settlement amount up to the fair value of the land. Amounts paid in excess of the fair valuie should be expensed. All right-of-way assets of the City, including the land under roadways, should be recorded as land and not be depreciated. Any easements purchased by the City should be reported as intangible assets and amortized over a period not to exceed 40 years. Land improvements are the non-depreciable costs and betterments of preparing the land for its intended use. An example of a land improvement is leveling and grading- Site improvements are the depreciable costs and betterments affixed to land that generally add to its value and functionality. Examples of site improvements include, but are not limited to, temporary structures, access roads, parking lots, fencing, lighting (e.g., lights in parking lots, lights along walkways), tunnels that connect buildings, gas, electricity or steam transmission lines, and campsites. BUIILDINGS AND IMPROVEMENTS The total asset value for buildings shall be the total cost of acquisition or construction. This will include all labor, material, professional services to construct the building as well as insurance and any other indirect costs incurred during construction. Capitalization of building improvements shall include costs that are above the capitalization threshold and extend the useful life, increase the capacity and / or the efficiency of the building. General maintenance, and repair projects shall not be capitalized. EQUIPMENT The asset value of the equipment will be determined by the acquisition cost of the equipment plus any additional costs such as freight, insurance, prep charges and any other charges associated with placing the asset in service. -Equipment assets are typically moveable, 'non-consumable property. Equipment could include vehicles, furniture and Fixtures, office equipment, computers, etc. SOFTWARE The cost of software shall include the purchase price as well as the cost associated with the installation and implementation of the software. This may include travel, training, third party development and employee payroll costs directly involved with the installation. CONTRIBUTED CAPITAL Contributed capital are capital assets that have been donated or contributed to the City by either private developers, in the case of land or infrastructure for a new subdivision, or by other companies, individuals or governments. The value of contributed capital shall be recorded at the fair market value at the time of the contribution. These assets should be reported in the appropriate assets categories (e.g., land, infrastructure, etc.). DISPOSAL OF CAPITAL ASSETS Any disposal of capital assets by any City Department must be reported in detail to the Accounting Department immediately or as soon as reasonably possible. Information needed to record a disposal includes the asset description, make, model, serial number, date of acquisition, original cost, salvage value (if any) as well as any proceeds received from the disposition. An .asset disposal form provided by the Accounting Department will be used to'request/report the disposal of any fixed asset. CAPITALIZATION THRESHOLD The following capitalization threshold , table will apply when determining the capitalization of an asset. CAPITAL ASSET CATEGORY CAPITALIZATION THRESHOLD Land (including Right-of-Way) $25,000 Land Improvements $20,000 Site Improvements $20,000 Buildings $50,000 Building Improvements $25,000 Equipment $5,000 Software $25,000 Infrastructure By Individual Network Listed Below Street Network $50,000 Water Net-work $75,000 Sanitary Sewer Network $75,000 Storm Sewer Network 1 $50,000 DEPRECIATION Depreciation is a method of allocating the cost of an asset over its estimated useful life, rather than deducting the cost as an expense in the year of acquisition. Generally, at the end of an asset's life, the sum of the amounts charged for depreciation in each accounting period (accumulated depreciation) will equal the original cost less the expected salvage value (if any). Capital assets will be depreciated over their estimated useful lives. The straight-line method of depreciation will be used using a fall month convention. For example, one month's worth of depreciation expense would be recognized on an asset acquired on April 18 based on the City's fiscal year-end of April 30. Land and land improvements should not be depreciated. To calculate depreciation the following factors must be known: • The date the asset was placed in service • The cost or acquisition value • The salvage value (usually$0) • The estimated useful life • The depreciation method (straight-line rnethod) ESTIMATED USEFUL LIVES The following table will apply for depreciation depending on the capital asset category: CAPITAL ASSET CATEGORY ESTIMATED USEFUL LIFE (IN YEARS) Land(including Right-of-Way) Not Depreciated Land Improvements Not Depreciated Site Improvements 3-50 Buildings 10-50 Building Improvements 10-20 Equipment 3-10 Software 2-7 Infrastructure 10-75 (See Detailed Information Below) INFRASTRUCTURE USEFUL LIVES Streets: 3040 years with periodic maintenance Bike Trails: 30-40 years with periodic maintenance Storm Sewers: Open Channels or ditches: 20-25 years with periodic maintenance Sewer Mains: 50-60 years Retention Ponds: 20-25 years before dredging is necessary Pump Stations: 25-30 years Water: Wells: 20-25 years Water Mains: 50-60 years Water Towers: 60-75 years with periodic painting and cleaning Water Plant: 25-30 years Sanitary Sewers: Sewer Mains: 50-60 years Pump Stations: 25-30 years Treatment Plant: 25-30 years If a significant capital or infrastructure asset is estimated to be still in use after its established useful life, the City should revise the asset's useful life to estimate the actual number of years the asset will remain in use. This new revised useful life should be treated as a change in accounting estimate and applied to all on going calculations of depreciation. With a change in accounting estimate, there is no retroactive affect caused by the change. FMD ASSETS vs. INVENTORY CONTROL Assets that are valued below the capitalization threshold but above S 1,D00 in value will warrant control and shall be inventoried at the department level. An appropriate list of these assets will be maintained by each department and copies will be provided to the Accounting Department. Information maintained should include asset description, location, make, model, serial number and/or any other information deemed necessary for control. Such inventory items could include computers, printers, copiers, power tools, chain saws, small construction equipment, mowers, fire equipment, etc. MANAGEMENT RESPONSIBILITY The Accounting Department shall be responsible for the accounting for capital asset inventories, both initially and pdriodically in subsequent years. The Accounting Department will ensure that the capital asset Iedger will be updated annually to reflect additions, retirements, and transfers to reflect the new annual capital asset balance for financial reporting purposes and the annual depreciation calculations. CfTy Reviewed By: X06 Legal Agenda Item Number Finance El NB #6 EST. -� __ti 1838 Engineer ❑ City Administrator 0 : Human Resources ❑ Tracking Number Community Development ❑ Police ❑ ADM 2012-21 Public Works ❑ Agenda Item Summary Memo Title: Veolia contract extension Meeting and Date: Administration—April 19, 2012 Synopsis: See attached memo. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Approval Submitted by: Bart Olson Administration Name Department Agenda Item Notes: Memorandum To: Administration Committee EST. -�` Yid W3s From: Bart Olson, City Administrator -- � � CC: Date: March 9, 2012 C<wrMY Sad Subject: Veolia Contract Extension ALE Summary Extension of a solid waste refuse collection contract with Veolia. Background The City's current refuse contract expires on April 30, 2012. Because we have partnered with the Village of Oswego for a joint RFP, I do not expect the RFP process to wrap up before mid-Summer. Accordingly, Veolia has agreed to extend our current contract through July, at current prices. Recommendation Staff recommends approval of the contract. First Amendment to the Contract for the United City of Yorkville Garbage, Refuse, Recyclables & Yard Waste Collection between The United City of Yorkville and Veolia ES Solid Waste Midwest, LLC This First Amendment("First Amendment") to the Refuse, Recyclables & Landscape Waste Collection & Disposal Services Agreement, dated May 1St, 2006 (the "Agreement"), by and between the United City of Yorkville, a municipal government of the State of Illinois (hereinafter the "City") and Veolia ES Solid Waste Midwest,LLC, a Wisconsin limited liability company(hereinafter the "Contractor") is made this 15th day of March, 2012 (the "Effective Date"). WHEREAS, the City and Contractor have previously entered into an agreement for municipal solid waste, recycling and landscape waste services provided to the City by the Contractor; and WHEREAS, the City and Contractor desire to extend and amend certain of the terms and conditions of that Agreement to be effective January 1St, 2012; NOW, THEREFORE, for good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged, the parties agree to amend the Agreement as follows: 1. 62. Term of Contract. The Agreement is amended by adding the following paragraph to the end of Section 62.1 to allow for a short extension to the contract and shall read as follows: "Unless earlier terminated, as hereinafter provided, the term of this Agreement may be extended from April 30, 2012 through July 31, 2012 at the request of the City. After July 31, 2012 contract may be extended on a month to month basis by mutual consent of the parties. The Agreement shall continue in full force and effect until July 31, 2012 and any Page 1 of 2 subsequent extension periods unless terminated for cause or earlier as provided for herein." Except as otherwise amended herein, all terms and conditions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF,the parties have executed this Agreement as of the date and year first above written. Veolia ES Solid Waste Midwest, LLC United City of Yorkville,IL By: By: Name: Name: Title: Title: Page 2 of 2 Reviewed By: Agenda Item Number 6 Legal ❑ NB #7 Finance EST. -� __ti 1838 Engineer ❑ -- City Administrator ❑ Tracking Number m Human Resources F-1 C�"Sad `=Q Community Development ❑❑ ADM 2012-22 Police ALE ��' Public Works ❑ Agenda Item Summary Memo Title: Resolution Authorizing Transfer of MFT Funds to New IMET Account Meeting and Date: Administration—April 19, 2012 Synopsis: See attached memo. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: Memorandum To: Administration Committee EST. 1 _ 1836 From: Rob Fredrickson, Finance Director O 6 Date: April 2, 2012 9 Subject: Illinois Metropolitan Investment Fund(IMET) MFT Account KantlaElCOUnry <LE Currently,the City has a separate account at Castle Bank for motor fuel tax(MFT) funds received from the State of Illinois. This account is presently yielding an annual interest rate of 10 basis points- 0.0010%. It is the recommendation of staff that this account at Castle Bank be closed and that the monies be transferred to a new account at Illinois Metropolitan Investment Fund(IMET),which is currently yielding an annualized interest rate of 27 basis points—0.0027%. Please note that these funds would be held at IMET in a separate account and would not be comingled with operating funds. In addition,by moving these funds to IMET the City will be able to earn approximately three times more in interest income,without sacrificing liquidity or incurring additional risk. RESOLUTION NO. 2012- A RESOLUTION AUTHORIZING THE TRANSFER OF MOTOR FUEL TAX FUNDS TO A NEW ACCOUNT WITH THE ILLINOIS METROPOLITAN INVESTMENT FUND Whereas, the City Council approved Resolution No. 2000-19 on August 10, 2009 that created a NOW checking account for the City's motor fuel tax funds at Castle Bank; and, Whereas, the City Administrator has requested that the above account be closed and the existing motor fuel tax funds from that account be transferred to a new account with the Illinois Metropolitan Investment Fund. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1. That the City Administrator is hereby authorized to close and transfer the motor fuel tax funds from the existing Castle Bank account into a new account with the Illinois Metropolitan Investment Fund. Section 2. That the authorized signatories for the above Illinois Metropolitan Investment Fund account shall be the Mayor, City Treasurer, City Administrator and Finance Director and that two (2) signatories shall be required to approve and sign each check for withdrawal from that account. Section 3. That Resolution No. 2000-19 be and is hereby repealed. Section 4. This Resolution shall be in full force and effect upon its passage and approval as provided by law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , A.D. 2012. CITY CLERK 1 ROSE ANN SPEARS DIANE TEELING GEORGE GILSON JR. JACKIE MILSCHEWSKI CARLO COLOSIMO MARTY MUNNS CHRIS FUNKHOUSER LARRY KOT Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this day of 2012. MAYOR 2 Reviewed By: Agenda Item Number 6 Legal ❑ NB #8 Finance ■ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number m Human Resources F-1 C�"Sad `=Q Community Development ❑❑ ADM 2012-23 Police ALE ��' Public Works ❑ Agenda Item Summary Memo Title: Fund Balance Policy Meeting and Date: Administration—April 19, 2012 Synopsis: Revision to City's Fund Balance Policy in order to comply with GASB54 by April 30, 2012. Council Action Previously Taken: Date of Action: 12/01/2004 Action Taken: Current fund balance policy effective. Item Number: Type of Vote Required: Majority Council Action Requested: Approval Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: Memorandum EST -,l Isas To: Administration Committee From: Rob Fredrickson, Finance Director p� az 2p� Date: April 12, 2012 Kentlal COUnTy ALE Subject: Fund Balance Policy In February 2009, the Governmental Accounting Standards Board(GASB) issued Statement No. 54,Fund Balance Reporting and Governmental Fund Type Definitions, which will change the way fund balance is reported in the annual financial reports. To give a little background, fund balance is the difference between assets and liabilities in a governmental fund (all of the City's funds except the Water, Sewer and Rec Ctr are governmental funds). Because governmental funds only report current assets (cash and investments,receivables, inventory and prepaid expenses) and current liabilities (accounts payable, wages payable, escrow deposits and deferred revenue), fund balance is an approximate measure of liquidity, and is similar to the "net working capital" of a private business. Prior to GASB 54, fund balance was either reserved or unreserved. Reserved fund balance was not available for appropriation because those funds had already been spent(in the form of prepaid expenses) or were reserved for such items as debt service or capital projects. Unreserved fund balance could either be designated or undesignated. Designated unreserved fund balance was available for appropriation,but had limits as to how the funds could be used as imposed by the City Council. Undesignated unreserved fund balance was available for use, with no external or internal restrictions. Please see Attachment A, which is an excerpt from the 2011 CAFR, showing the old fund balance presentation of the City's governmental funds. Under GASB 54, fund balance is broken down into five components, which are identified and briefly explained below: • Nonspendable Fund Balance—funds that cannot be spent because of their form—i.e. prepaid expenses. • Restricted Fund Balance—funds that are subject to externally enforceable legal restrictions—e.g., motor fuel and property taxes. • Committed Fund Balance—funds whose use is constrained by the City's highest level of decision making (i.e., City Council). These are formal restrictions (passed by ordinance) and would require the same action to remove the restriction. • Assigned Fund Balance—these are funds whose intended use is established by Council or management without a formal action. • Unassigned Fund Balance—total fund balance in the General Fund that cannot be classified in any of the four categories mentioned above. Only the General Fund can have positive unassigned fund balance. However, other governmental funds would report any negative fund balance as unassigned as well. Please note that due to differing governmental fund purposes and structures,not all funds will have all five components of fund balance. In addition, GASB 54 has no impact on how the City's enterprise funds (Water, Sewer and Rec Ctr) are shown for financial reporting purposes. In order to be in compliance with generally accepted accounting principles (GAAP), the City must pass a fund balance policy that is compliant with GASB 54 by April 30, 2012. Attachment B gives an example of how the General Fund's new fund balance components may look if GASB 54 had been previously implemented. Please note that this example is for illustrative purposes only, and does not reflect management's assertions of actual fiscal year ending 2012 fund balance for the General Fund. UNITED CITY OF YORKVILLE,ILLINOIS Governmental Funds Balance Sheet April 30,2011 Nonmajor Total General Library Governmental Governmental Fund Fund Funds Funds Assets Cash and Cash Equivalents $ 349,841 4,029,552 4,379,393 Receivables Property Taxes Receivable 2,749,964 1,395,800 324,179 4,469,943 Intergovernmental Receivables 1,576,444 347,407 1,923,851 Accounts Receivable 488,780 755 5,424 494,959 Utility Taxes Receivable 239,106 239,106 Interfund Receivables 100,000 585,713 685,713 Prepaid Items 136,917 8,487 145,404 Total Assets $ 5,291,211 1,746,396 5,300,762 12,338,369 Liabilities Accounts Payable $ 531,957 23,229 134,516 689,702 Retainage Payable 3,201 3,201 Accrued Payroll 75,382 10,031 14,515 99,928 Deferred Revenue 3,180,412 1,395,800 352,373 4,928,585 Other Liabilities 198,074 219,421 417,495 Interfund Payables 1,577,286 1,328,026 2,905,312 Total Liabilities 5,563,111 1,429,060 2,052,052 9,044,223 Fund Balances Reserved for Prepaid Items 136,917 8,487 145,404 Capital Purposes 2,736,585 2,736,585 Debt Service 578,443 578,443 Unreserved,Undesignated Reported In General Fund (408,817) (408,817) Special Revenue Funds 317,336 511,567 828,903 Capital Project Funds (586,372) (586,372) Total Fund Balances (271,900) 317,336 3,248,710 3,294,146 Total Liabilities and Fund Balances $ 5,291,211 1,746,396 5,300,762 12,338,369 See accompanying Notes to the Financial Statements. 17 GASB 54 Implementation Attachment B Based on General Fund Balance Sheet as ofApril 12, 2012 (Cash Basis) Assets Receivables 4,877,190.23 Prepaid Expense 67,472.76 Total Assets 4,944,662.99 Liabilities Payables 884.74 Payroll W/H 5,120.86 Accrued Wages Payable 71,345.19 Due to Other Funds 622,838.08 Escrow Deposits 162,512.37 Deferred Revenue 3,180,412.38 Total Liabilities 4,043,113.62 Fund Balance Nonspendable 67,472.76 Equal to prepaid expenses above Restricted 8,050.45 Levied$52,850.45 for Audit Expenses, but only paid$44,800 Committed - Assigned 332,500.00 Interfund transfer from Library Capital-to be used for Game Farm Rd Project in future fiscal periods Unassigned 493,526.16 Fund balance in excess of the above categories Total Fund Balance 901,549.37 UNITED CITY OF YORKVILLE FUND BALANCE POLICY Purpose A Fund Balance Policy establishes a minimum level at which the projected end-of-year fund balance should observe, as a result of the constraints imposed upon the resources reported by the governmental funds. This policy is established to provide financial stability, cash flow for operations, and the assurance that the United City of Yorkville will be able to respond to emergencies with fiscal resiliency. More detailed fund balance financial reporting and the increased disclosures will aid the user of the financial statements in understanding the availability of resources. It is the City's philosophy to support long-term financial strategies, where fiscal sustainability is its first priority, while also building funds for future growth. It is essential to maintain adequate levels of funds balance to mitigate current and future risks and to ensure tax rates. Fund balance levels are also crucial consideration in long-term financial planning. Credit rating agencies carefully monitor levels of fund balance and unassigned fund balance in the General Fund to evaluate the City's continued creditworthiness. Definitions Governmental Funds The fund balance will be composed of three primary categories: 1) Nonspendable Fund Balance — portion of a Governmental Fund's fund balance that are not available to be spent, either in the short-term or long-term, or through legal restrictions (e.g., inventories, prepaid items, land held for resale and endowments). 2) Restricted Fund Balance—portion of a Governmental Fund's fund balance that are subject to external enforceable legal restrictions (e.g., grantor, contributor and property tax levies). 3) Unrestricted Fund Balance—is made up of three components: A) Committed Fund Balance — the portion of a Governmental Fund's fund balance with self-imposed constraints or limitations that have been placed at the highest level of decision making through formal City Council action. The same action is required to remove the commitment of fund balance. B) Assigned Fund Balance — the portion of a Governmental Fund's fund balance to denote an intended use of resources but with no formal City Council action. C) Unassigned Fund Balance — available expendable financial resources in a governmental fund that is not the object of tentative management plan. Some funds are funded by a variety of resources, including both restricted and unrestricted (committed, assigned and unassigned). Flow of Funds The United City of Yorkville assumes that the order of spending fund balance is as follows: restricted, committed, assigned,unassigned. 1 Authority Governmental Funds Committed Fund Balance — A self-imposed constraint on spending the fund balance must be approved by ordinance or resolution of the City Council. Any modifications or removal of the self-imposed constraint must use the same action used to commit the fund balance. Formal action to commit fund balance must occur before the end of the fiscal year. The dollar amount of the commitment can be determined after year end. Assigned Fund Balance — An informal, self-imposed constraint on spending the fund balance based on the City's intent to use fund balance for a specific purpose. The Budget Officer will determine if a portion of fund balance should be assigned. Minimum Unrestricted Fund Balance Levels Governmental Funds General Fund Purpose—Is a major fund and the general operating fund of the United City of Yorkville. It is used to account for all activities that are not accounted for in another fund. Contingency Fund—A Contingency Fund shall maintain a reserve balance of 3 to 5% of the ensuing year's appropriations budget (excluding interfund transfers) and will be included as a separate line item in the General Fund expenditure budget. The contingency fund shall be used to satisfy unforeseen expenditures, and may included amounts outside of the 3 to 5% range mentioned above, at the discretion of management and/or the City Council. For amounts less than $5,000, the Budget Officer may authorize use of these funds upon approval by the Mayor. Use of contingency funds in excess of $5,000, requires approval by the City Council. Fund Balance — Unrestricted fund balance targets should represent no less than 15% of the annual General Fund appropriations budget. Balances in excess of 50% of the annual General Fund appropriations budget are to be transferred to other funds or to capital projects at the discretion of the City Council. Special Revenue Fund Purpose - Used to account for and report the proceeds of specific revenue sources that are legally restricted or committed to expenditures for specified purposes other than debt service or capital projects. Financing— Special revenue funds are provided by a specific annual property tax levy or other restricted and/or committed revenue source. Financing may also be received from charges for services, etc. Fund Balance — Derived from property taxes (or another restricted revenue source); therefore, legally restricted. The portion of fund balance derived from property taxes will be legally restricted. The remaining fund balance amount (restricted and/or committed) will vary and be adjusted annually with the adoption of the annual budgets for these funds. 2 Debt Service Fund Purpose—Established to account for financial resources that are restricted, committed, or assigned to expenditure for principal and interest. Financing — The municipality levies an amount or transfers in an amount close to the principal and interest that is anticipated to be paid. Fund Balance — Derived from property taxes; therefore, legally restricted. Any fund balance accumulation should be at maximum the amount of the subsequent fiscal year's principal and interest payments. Capital Projects Fund Purpose - Established to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays including the acquisition or construction of capital facilities and other capital assets, excluding those types of capital related outflows financed by proprietary funds. Financing— Debt financing, grants, licenses and permits and interfund transfers are used to finance projects. Fund Balance — Considered segregated for maintenance, construction and/or development; therefore, considered committed, restricted, or assigned depending on the intended source and use of the funds. Proprietary Funds Proprietary funds include enterprise and internal service funds. Enterprise Fund Purpose —For financial reporting purposes, and Enterprise Fund is established to account for and report financial resources at are invested in capital assets, net of related debt, restricted, or unrestricted for future spending related to the fund. The focus of enterprise fund measurement is based upon determination of operating income, changes in net assets, financial position, and cash flows. The generally accepted accounting principles applicable are those similar to businesses in the private sector. Enterprise funds are required to account for operations for which a fee is charged to external users for goods or services and the activity (a) is financed with debt that is solely secured by a pledge of the net revenues, (b) has third party requirements that the cost of providing services, including capital costs, be recovered with fees and charges or (c) establishes fees and charges based on a pricing policy designed to recover similar costs. Financing — User fees, debt financing, and/or grants are used to finance operations, capital outlay and improvements, and debt service retirements. Fund Balance Equivalent — For financial reporting purposes, the equity portion of a proprietary (enterprise or internal service) fund's balance sheet is comprised of "Net Assets", which is equal to total fund assets less total fund liabilities. Net Assets are comprised of three primary components: 1.) Invested in Capital Assets, Net of Related Debt (i.e., amounts capitalized as capital assets, less the outstanding debt related to the 3 acquisition of said assets); 2.) Restricted Net Assets relate to bond covenant reserves as outlined in the bond ordinance; and 3.) Unrestricted Net Assets. For budgetary purposes management has chosen to deviate from the traditional full accrual presentation of enterprise funds, and instead uses a modified accrual approach. This modified accrual approach converts net assets into a "fund balance equivalent", by excluding long-term assets and liabilities. It is management's assertion that the modified accrual approach is preferable for budgetary purposes, because it more accurately reflects the funds ability to satisfy short-term obligations (operations, capital outlay and debt service) in current and subsequent fiscal years. Fund Balance Equivalency targets for enterprise funds should be maintained at no less than 25% of the annual appropriations budget. Other Considerations In establishing the above policies for unrestricted fund balance levels, the United City of Yorkville considered the following factors: • The predictability of the City's revenues and the volatility of its expenditures (i.e., higher levels of unrestricted fund balance may be needed if significant revenue sources are subject to unpredictable fluctuations or if operating expenditures are highly volatile). • The City's perceived exposure to significant one-time outlays (e.g., disasters, immediate capital needs, state budget cuts). • The potential drain upon General Fund resources from other funds as well as the availability of resources in other funds (i.e., deficits in other funds may require a higher level of unrestricted fund balance be maintained in the General Fund, just as, the availability of resources in other funds may reduce the amount of unrestricted fund balance needed in the General Fund). • Liquidity (i.e., a disparity between when financial resources actually become available to make payments and the average maturity of related liabilities may require that a higher level of resources be maintained). • Commitments and assignments (i.e., governments may wish to maintain higher levels of unrestricted fund balance to compensate for any portion of unrestricted fund balance already committed or assigned by the government for a specific purpose). If any of the above factors change, the City should readdress current unrestricted fund balance levels to ensure amounts are appropriate. 4 UNITED CITY OF YORKVILLE FUND BALANCE RESERVE CONTINGENCY FUND POLICY Purpose To maintain the City's credit rating,meet seasonal cash flow shortfalls,provide for unexpected contingencies,and continue to provide city services by establishing an unrestricted reserve balance in the City's General Corporate Fund,hereafter called the General Fund,as well as in the Water Operating and Sewer Maintenance Funds. Objectives Establishment of a short-term Contingency Fund to be used for emergency and contingency needs for the City's General,Water Operating, and Sewer Maintenance Funds. The Contingency Fund is intended to protect and maintain the Fund Balance reserve. Establishment of a Fund Balance reserve to be used for unanticipated reductions in state,development or other anticipated revenues as well as emergency and contingency expenditure needs. Policy Contingency Fund:The Contingency Fund shall maintain a reserve cash balance between 3 to 5%of the ensuing year's budgeted operating expenditure amount. This fund shall be used to meet month-to-month operating expenses in anticipation of forthcoming revenues or to fund unforeseen expenditures.For amounts$5000.00 or less,the City Staff may authorize the use of these funds upon notification to the Treasurer and approval by the Mayor.Use of contingency funds exceeding$5000.00 requires approval by the City Council. The Contingency Fund shall be funded each year at the time of budget approval. This will be accomplished by establishing and maintaining a separate line item in the fiscal budget. Fund Balance:The Fund Balance Reserve shall maintain a balance of 15%to 25 %of the ensuing fiscal year's budgeted operating expenditure amount. This reserve shall be used to meet annual cash requirements as a result of an unanticipated reduction in state,development,or other anticipated revenues as well as emergency and contingency expenditure needs after the ensuing fiscal year's budget has been approved. Consideration of a reduction in projected expenditures shall be evaluated prior to use of Fund Balance Reserve funds.Use of Fund Balance Reserves may reflect a change in budgeting policy in future years and therefore requires the approval of the City Council. The City shall attempt to accumulate the Fund Balance Reserve over a 5-year period by reserving up to 5%per year through the budget process.If the Fund Balance Reserve levels cannot be achieved within a five-year period, City Council action will be required to reduce the Fund Balance Reserve amount, 1 reduce expenditures,increase revenues, or extend the allotted time. Any excess Fund Balance Reserves shall be included in the next fiscal year budget.Excess Fund Balance Reserves under this policy are actual undesignated fund balance dollars available on the year-end financial statements. Delegation of Authority Oversight of the Fund Balance Reserve/Contingency Fund Policy is delegated to the City Treasurer.Day to day management and administrative responsibility for the Policy is delegated to the City Finance Director. Reporting Fund Balance Reserves and Contingency Funds will be monitored on the monthly Treasurer's report and adjusted during the Annual and Semi-annual budget process. Implementation This policy will be effective as of Dec 1,2004. 2 0 CIP Reviewed By: Agenda Item Number J� $ 06 Legal ❑ NB #9 Finance ESL -� 1836 Engineer ❑ -_� City Administrator ■ Tracking Number .4 City y Human Resources El� wn sw _© Community Development ❑ ADM 2012-24 � Police F-1 Public Works ❑ Agenda Item Summary Memo Title: Copier RFP—Vendor Selection Meeting and Date: Administration—April 19, 2012 Synopsis: See attached memo. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Approval Submitted by: Rob Fredrickson Finance Name Department Agenda Item Notes: Memorandum To: Administration Committee EST. -,l 1836 From: Rob Fredrickson, Finance Director .4 y Date: April 12, 2012 � az 2p� Subject: Copier RFP Kentlal COUnTy C(,E �yv Upon review of the Request for Proposal (RFP) submissions from seven vendors, it is the recommendation of staff that the City accept the proposal from McGrath Office Equipment to meet the City's copier equipment needs. All of the requirements in the RFP were meet or exceeded in their submission. In addition to being the low cost provider, McGrath offers a high level of service and quality equipment. Due to the rapid rate at which technology changes, staff recommends that the City opt for the 36-month (3 year) leasing term. The McGrath Office Equipment proposal has been attached for your review. McGrath Fax1 815/942-8103 416 Liberty St. Office Equipment, Inc. Morris,IL 60450 March 21, 2012 United City Of Yorkville 800 Game Farm Road Yorkville, IL 60560 Attn: Mr. Rob Fredrickson-Finance Director Dear Rob: Thank you for considering McGrath Office Equipment and Savin as a possible vendor for your future office equipmement needs. McGrath Office Equipment is in our 70 year of servicing the office needs of our community. We have hundreds of existing customers, several of which have needs similar to yours. Feel free to contact any of our exisitng customers including: Rick Kaczanko,Village of Plainfield IT Director, 815-230-2053 Dick Kopczick, City of Morris Mayor, 815-942-5438 Saratoga Grade School,Kathy Perry Superintendant , 815-942-2128 The following pages are completed copies of Appendix A from your RFP. The top of the page shows the location of each unit. The middle of the page shows the make/model of my recommendation. The bottom chart is completed as per your directions. All of this proposed equipment meets or exceeds your requirements. If you need brochures,feel free to visit www.savin.com or simply call me and I can send you what you need. There will be no charge for installation of this equipment. The maintenance contract will be billed monthly and added to the lease rate. Calls for service and supplies can be done over the internet. McGrath's will work closely with the City to make an easy return of existing equipment to the current leasing company. The City will have the option at any time of purchasing at FMV the leased equipment. Billing will be done directly through McGrath Office Equipment on a monthly basis. We accept Cash, Check,Credit Cards,or Direct Deposit within 30 days of invoice. Extended grace periods are available as necessary. Installation/training of the above equipment will be completed within 48 hours of original start date. ce C s org McGrath Office Equipment, Inc. Copy Print Fax Scan Furniture Supplies McGrath Fax: 815/942-8103 416 Liberty St. Office Equipment, Inc. Morris, IL 60450 March 21, 2012 In March of 1936, J.L. McGrath left his position as a typewriter service technician with the Underwood Typewriter Company to begin his own business. In the early days, his inventory consisted of one typewriter at a time until he sold enough to stock multiple typewriters. With the help of his wife Irene, his business gradually grew to the point of handling most of the typewriter business in Will and Grundy Counties. In 1960, J.L. and Irene's daughter Priscilla married Robert Borgstrom. When Robert finished his service in the U.S. Navy in 1964, he and Priscilla returned to Joliet to take over the family business. In 1965 Robert opened a branch of McGrath Office Equipment in downtown Morris. Jim Provancal was hired to manage the Morris store, while Robert continued to handle the Will County business from the Joliet store. Today McGrath Office Equipment is managed by the four sons of Robert and Priscilla. Bob Jr. and Mark manage the Joliet office at 710 West Jefferson St. Chris and Jeff manage the location on Liberty Street in downtown Morris. Stop in at 416 Liberty St. and you'll see how McGrath's has grown from a true "Mom and Pop" store to an affordable supplier of everything for the office. As the typewriter business has changed over the past 75 years, so has McGrath Office Equipment. Today McGrath Office Equipment supplies area businesses with copy equipment—full color and black & white, as well as printing, faxing, and scanning equipment all supported by factory and network trained service personnel. Additionally, McGrath's has become the area's leader in office furniture. Call Chris today at 815-942-4173 or visit www.mcgrathoffice.com they'll present you with a free analysis of your office needs. From special pricing on office machines and office supplies to a complete furniture layout of your office, McGrath Office Equipment continues to provide everything for the office since 1936. Copy Print Fax Scan Furniture Supplies ADMIN endix A United City of Yorkville App 800 Game Farm Road Yorkville, Illinois, 60560 t� N Telephone: 630-553-4350 Fax: 630-553-7575 kE Copier Equipment Request for Proposal - Cost Summary Worksheet One fww to be completed per nmke/model proposed b) mdor,and milinted with AFP. Admen X X X X 2500 ISk - . Police 1 X X . X X 2500 lok Poliee2 - X - 1000 A Caam Or X X X 2500 3k Puldie Works X 1000 Ik, gam•Center X X X 1000 14k List make/model of proposed eouioment: Savin C5502 MaintenanceContrWPrice - alm'enL ( lease list as rice/month 7cizt i�tr(bcas� 36-month lease 48-month lease 60.month lease 314 260 220 75 75 75 Cost for features as ouWned on Page S of RFP,or supplies(excluding paper)not covered under maintenance contract: 36-mouth lease 48-month lease 4z-Month h lease Included in Feature or Supplies ksa.rl rams. priceabow? m oea4 t+sawr.�J W--ftw '-j peeos0.renl,.r,we) YorN Color Machine 230 190 160 Y Hole Punch 9 7 6 Y Stapler Finisher 45 35 30 Y Fax 15 14 12 Y Large Capacity Tray 15 14 12 Y . 045 per Color Copies Page 6 of 6 McGrath Office Equipment,Inc. 710 West Jefferson St. J011eto 14 60435 POLICE 1 United City of Yorkville A ppen=xA P 800 Game Farm Road EME -' ` Yorkville, Illinois, 60560 < . =< y Telephone: 630-553-4350 `' �2° Fax: 630-553-7575 <4E Copier Equipment Request for Proposal - Cost Summary Worksheet One jot2n to be completed per atake/ntodel proposed b},vendor,and rentnted lvlth RFP. Admix X X X R 2300 13k - Police 1 X X . X X 2500 lok Polke2 X 1000 3k Cana Dylp 2300 3k Public works X 1000 lk Pt Center x X X low 14k List makelmodel of proposed cauipmert• Savin C5502 - �- Maintenance Contract Price ritxlmonth ati t:ase 36-month lease I 49-month lease 60-month lease 314 260 220 50 50 50 Cost for features as outlined on Page 5 of RFP,or supplles O'clading paper)not mrered under maintenance contract: 36-month lease 48-month lease 60-month lease IOCiO to Feature or Supplies t.sreta«„e7a. maam0«m40.- priceobow? M-.km :M) or N) Color Machine 230 190 160 Hole Punch 9 7 6 Y Stapler Finisher 45 35 30 Y Fax 15 14 12 Y Large Capacity Tray 15 14 12 Y . 045 per Color Copies Page 6 of 6 McGrath Office Equipment, Inc. 710 West Jefferson St. Joliet, IL 60435 POLICE 2 F United City of Yorkville Appendix A w 800 Game Farm Road Yorkville, Illinois, 60560 <r y Telephone: 630-553-4350 Fax: 630-553-7575 �n4E Copier Equipment Request for Proposal - Cost summary Worksheet one joim to be canpleted per 5rakekmodel proposed b),i e idor,and returned ivlth RFP. Rom pdn- X X X X 2500 Isk . Police 1 X X . X X 2500 Ifac Po1ke2 X Io00 3k C.�, X X X 25M 3k .Pu6lie wod:s X 1000 Ik lice.Center X --T-X 1500 14k List makelmodel of pronosed equipment: Savin MP5002SP Maintenance Contract Price on'tlt'g �'" gpUl` easeN. 36-month lease I 48-mamth lease I 60-month lease 168 141 . 50 1 122 20 20 20 Cost for features as outlined on Page 5 of RFP,on supplles(escludingpoper)not mrtred under maintenance contract. 36-mouth lease 48-month]ee 60 month(ease hcludedm as Feature or Supplies -ftp. pricenbove? wm«a te;«vs.K.l rn eams,ceron•.�a ree�aM> .M) or N) Black & White Machine 140 119 103 Y Stapler Finisher 25 20 17 Y Console 3 2 . 50 2 Y Page 6of6 McGrath Office Equipment, Inc. 710 West Jefferson St. Joliet, IL 60435 COMM DVLP o2�, C1pr� United City of Yorkville Appendix A 800 Game Farm Road Emn Yorkville, Illinois, 60560 Telephone: 630-553-4350 Fax: 630-553-7575 Copier Equipment Request for Proposal - Cost summary Worksheet One form to be coa)pleted per ntakelniodel proposed b),)Odor,and lehnned ivlth BFF. 7 Adrnm X X X X 2500 15k rolire 1 X X . X X asap log Polke2 - X 1000 3k C.,Dr X X X 2500 3k - Public works X 1000 Ik Itea tenor X X X 1000 14k List make/model of proposed eauipment• Savin C5502 _- - - - - '• ^� "Y--'�" Maintenance Contract Price (please list as ricdmonth - tli.�ease am`t4eas 36-month lease I 48-month lean I 60-month lease 299 T 234 . 50 198 20 20 20 Cost for features as outlined on Page 5 of RFP,or supplies(escludtng paper)not covered under maintenance contract. 36-month Iease 48-month lease 6amonth lease Included in Feature or Supplies priceabove7 m naw,e�.ovr.n..l � ca�+m•.«•.) ro•. -*Mmrr..r-) or N) Color Machine 230 190 160 y Hole Punch 9 35 30 y Stapler Finisher 45 7 6 y Large Capacity Tray 15 2 . 50 2 y . 045 Per Color Copies Page 6 of 6 McGrath Office Equipment, Inc. 710 West Jefferson St. Joliet, IL 60435 PUBLIC WORKS endix A ��D C1Ty� United City of Yorkville App : P 800 Game Farm Road 'Ism Yorkville, Illinois, 60560 =r_ h Telephone: 630-553-4350 Fax: 630-553-7575 Copier Equipment Request for Proposal - Cost Summary Worksheet One john to be completed per nwke/model proposed b)•mdor,and mhawed Ivlth RFP. 77 pdoua X X X X 2300 13k 171ZI X X . X X 2300 10k Polke2 X I000 3k Conan DAD X X X 2300 3k PuNio Works X 1000 Ik lice.ceater X X X 1000 14k List make/model of proposed eouipmeD Savin MP5002SP Maintenance Contract Price - - - (please list as price/month) `7sa5:e; - .on' ease, 36-month lease 4 rn mw lean 6o-month lease 168 141. 50 122 20 20 20 Cost for features as outlined on Page 5 of RFP,or supplies(eseluding paper)not covered under maiutenance contract: 36-month lease 48-month lease 60-month lease eluded in Feature or Supplies price above? or N) Black & White Machine 140 119 103 Y Stapler Finisher 25 20 17 Y Console 3 2 . 50 2 Y Page 6 of 6 McGrath Office Equipment, Inc. 710 West Jefferson St. Joliet, IL 60435 REC. CENTER ��v cfpr Appendix A United City of Yorkville �< P 800 Game Farm Road E` j- W% Yorkville, Illinois, 60560 Kr y Telephone: 630-553-4350 Fax: 630-553-7575 �l(E NH Copier Equipment Request for Proposal - Cost Summary Worksheet One form to be coorpleted per nmkebnodel proposed b),vendor,and r,unwed udth RFR Admen X X X X 2300 15k - Polkel X X . X X 2300 IOk Palice2 X 1000 3k Conan Dylp X X X 2300 3k Pub ie Wads X 1000 Ik l-- ttemecater X X X 1000 14k List make/model of proposed equipment: Savin C5502 Maintenance Contract Price ( lease list as rice/month =�icy ` modtlt sz 36-month lease I 4 8-month lease 60-month lease 287 234 . 50 198 70 70 7n Cost for features as outlined on Page 5 of RFP,or supplies(excluding paper)not covered under matutenance contract: 36-month lean 49-month lease 60-month lease Included in Feature or Supplies w�Pe.row tes ksa rd«a6yo. mame0aou201- price above? M.-km .M) or N) Color Machine 230 190 160 Y Stapler Finisher 45 35 30 Hole Punch 9 7 6 Y Console 3 2 . 50 2 Y . 045 Per Color Copies Page 6 of 6 McGrath Office Equipment, Inc. 710 West Jefferson St. Joliet, IL 60435 36 - Month Lease Monthly Cost Annualized Cost McGrath Office Equipment $ 2,162.00 $ 25,944.00 Digital Business Technologies $ 2,250.20 $ 27,002.40 Proven Business Systems $ 2,302.65 $ 27,631.74 Gordon Flesch Company $ 2,452.68 $ 29,432.10 Konica Minolta $ 2,549.75 $ 30,597.00 KKC Imaging Systems Toshiba $ 2,672.16 $ 32,065.86 COTG Proposal $ 2,688.55 $ 32,262.65 KKC Imaging Systems Canon $ 3,031.64 $ 36,379.62 1 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color COTG Proposal B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler and fax included in Admin 9301 12,750 2,250 $ 451.00 $0.028/pg. Tier 3 25% $0.055/pg. lease price. Hole puncher$18. 609.98 7,319.78 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$18/mth. Police 1 9301 10,000 - $ 451.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler,fax included. 528.00 6,336.00 Included in lease-up to 17,000 Police 2 Xerox 515OPT 3,000 - $ 171.00 pages. Stapler included. 171.00 2,052.00 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$18/mth. Comm Dvlp 9301 2,700 300 $ 451.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler included. 493.70 5,924.37 Included in lease-up to 17,000 PW Xerox 515OPT 1,000 - $ 171.00 pages. Stapler included. 171.00 2,052.00 B/W-Tier 1$0.0059/pg. Color-25% Hole puncher$18/mth. Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler included. 2,100 Rec Ctr 9301 7,000 7,000 $ 451.00 $0.028/pg. Tier 3 25% $0.055/pg. capacity. 714.88 8,578.50 Totals $ 2,688.55 $ 32,262.65 2 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Digital Business Technologies Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$12/mth. Stapler Admin Digital Color Copier 12,750 2,250 $ 249.00 Color $20/mth. Fax$14/mth. 484.00 5,808.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$12/mth. Stapler Police 1 Digital Color Copier 10,000 - $ 249.00 Color $20/mth. Fax$14/mth. 355.00 4,260.00 Sharp MX-503N Police 2 Digital Copier 3,000 - $ 181.00 $.006/page B/W Stapler$20/mth. 219.00 2,628.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$12/mth. Stapler Comm Dvlp Digital Color Copier 2,700 300 $ 249.00 Color $20/mth. 312.20 3,746.40 Sharp MX-503N PW Digital Copier 1,000 - $ 181.00 $.006/page B/W Stapler$20/mth. 207.00 2,484.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$12/mth. Stapler Rec Ctr Digital Color Copier 7,000 7,000 $ 249.00 Color $20/mth. 673.00 8,076.00 Totals $ 2,250.20 $ 27,002.40 3 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Gordon Flesch Company Cannon Hole puncher,stapler&fax Admin imageRunner 5051 12,750 2,250 $ 400.00 $0.0045/page B&W-$0.043/pg color included in price 554.13 6,649.50 Cannon Hole puncher,stapler&fax Police 1 imageRunner 5051 10,000 - $ 400.00 $0.0045/page B&W-$0.043/pg color included in price 445.00 5,340.00 Cannon Police 2 imageRunner 4051 3,000 - $ 175.00 $0.0045/page B&W Stapler included in price. 188.50 2,262.00 Cannon Hole puncher&stapler Comm Dvlp imageRunner 5051 2,700 300 $ 382.00 $0.0045/page B&W-$0.043/pg color included in price 407.05 4,884.60 Cannon PW imageRunner 4051 1,000 - $ 175.00 $0.0045/page B&W Stapler included in price. 179.50 2,154.00 Cannon Hole puncher&stapler Rec Ctr imageRunner 5051 7,000 7,000 $ 346.00 $0.0045/page B&W-$0.043/pg color included in price. 678.50 8,142.00 Totals $ 2,452.68 $ 29,432.10 4 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Konica Minolta $8.50/mth hole puncher. Konica Minolta $25/mth stapler. $18.50/mth Admin Bizhub C552(Color) 12,750 2,250 $ 305.50 $0.005/page B&W-$0.05/pg color for fax. 533.75 6,405.00 $8.50/mth hole puncher. Konica Minolta $25/mth stapler. $18.50/mth Police 1 Bizhub C552(Color) 10,000 - $ 305.50 $0.005/page B&W-$0.05/pg color for fax. 407.50 4,890.00 Konica Minolta Police 2 Bizhub 552 3,000 - $ 223.50 $0.005/page B&W $25/mth stapler. 263.50 3,162.00 Konica Minolta $8.50/mth hole puncher. Comm Dvlp Bizhub C552(Color) 2,700 300 $ 305.50 $0.005/page B&W-$0.05/pg color $25/mth stapler. 367.50 4,410.00 Konica Minolta PW Bizhub 552 1,000 - $ 223.50 $0.005/page B&W $25/mth stapler. 253.50 3,042.00 Konica Minolta $8.50/mth hole puncher. Rec Ctr Bizhub C552(Color) 7,000 7,000 $ 305.50 $0.005/page B&W-$0.05/pg color $25/mth stapler. 724.00 8,688.00 Totals $ 2,549.75 $ 30,597.00 5 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color KKC Imaging Systems Toshiba E Studio Hole puncher,stapler&fax included Color-$0.058/pg.&B&W- Admin 5540C(Color) 12,750 2,250 $ 378.30 in lease price $0.0067/pg. 594.23 7,130.70 Canon IRC 5051 Hole puncher,stapler&fax included B&W-$0.012/pg. $0.0625 Admin (Color) 12,750 2,250 $ 421.95 in lease price color/pg. 715.58 8,586.90 Toshiba E Studio Color-$0.058/pg.&B&W- Police 1 5540C(Color) 10,000 - $ 378.30 Hole puncher&fax included in price. $0.0067/pg. 445.30 5,343.60 Canon IRC 5051 B&W-$0.012/pg. $0.0625 Police 1 (Color) 10,000 $ 423.41 Hole puncher&fax included in price. color/pg. 543.41 6,520.92 Police 2 Canon IR 4051 3,000 $ 218.25 Stapler included in lease price. B&W copies$0.009/pg. 245.25 2,943.00 Toshiba E Studio Police 2 556 3,000 $ 224.07 Stapler included in lease price. B&W$0.0067/pg. 244.17 2,930.04 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 Comm Dvlp (Color) 2,700 300 $ 363.75 lease price color/pg. 414.90 4,978.80 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Comm Dvlp 5540C(Color) 2,700 300 $ 334.65 lease price $0.0067/pg. 370.14 4,441.68 PIN Canon IR 4051 1,000 - $ 218.25 Stapler included in lease price. B&W copies$0.009/pg. 227.25 2,727.00 Toshiba E Studio PIN 556 1,000 - $ 224.07 Stapler included in lease price. B&W$0.0067/pg. 230.77 2,769.24 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 Rec Ctr (Color) 7,000 7,000 $ 363.75 lease price color/pg. 885.25 10,623.00 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Rec Ctr 5540C(Color) 7,000 7,000 $ 334.65 lease price $0.0067/pg. 787.55 9,450.60 Canon Totals $ 3,031.64 $ 36,379.62 Toshiba Totals $ 2,672.16 $ 32,065.86 6 - 0.00 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color McGrath Office Equipment Hole puncher,stapler,large capacity tray&fax included in Admin Savin C5502 12,750 2,250 $ 314.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 479.00 5,748.00 Hole puncher,stapler,large capacity tray&fax included in Police 1 Savin C5502 10,000 - $ 314.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 364.00 4,368.00 Stapler&console included in Police 2 Savin MP5002SP 3,000 - $ 168.00 B&W-$0.005/pg. lease price. 183.00 2,196.00 Hole puncher,stapler,large capacity tray included in lease Comm Dvlp Savin C5502 2,700 300 $ 299.00 B&W-$0.005/pg. Color$0.045/pg. price. 326.00 3,912.00 Stapler&console included in PW Savin MP5002SP 1,000 - $ 168.00 B&W-$0.005/pg. lease price. 173.00 2,076.00 Hole puncher,stapler included Rec Ctr Savin C5502 7,000 7,000 $ 287.00 B&W-$0.005/pg. Color$0.045/pg. in lease price. 637.00 7,644.00 Totals $ 2,162.00 $ 25,944.00 7 36-Month Copier Make/Model Average Volumes Lease 36-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Proven Business Systems Stapler included in price. Fax $11.88/mth. Hole puncher Admin Toshiba 5540 12,750 2,250 $ 312.98 Color-$0.045/pg. B&W-$0.0035 $11.88/mth. 482.62 5,791.38 Stapler included in price. Fax $11.88/mth. Hole puncher Police 1 Toshiba 5540 10,000 - $ 312.98 Color-$0.045/pg. B&W-$0.0035 $11.88/mth. 371.74 4,460.88 Police 2 Toshiba 556 3,000 - $ 211.06 B&W-$0.0035 Stapler included in price. 221.56 2,658.72 Stapler included in price. Hole Comm Dvlp Toshiba 5540 2,700 300 $ 312.98 Color-$0.045/pg. B&W-$0.0035 puncher$11.88/mth. 347.81 4,173.72 PW Toshiba 556 1,000 - $ 211.06 B&W-$0.0035 Stapler included in price. 214.56 2,574.72 Stapler included in price. Hole Rec Ctr Toshiba 5540 7,000 7,000 $ 312.98 Color-$0.045/pg. B&W-$0.0035 puncher$11.88/mth. 664.36 7,972.32 Totals $ 2,302.65 $ 27,631.74 8 48 - Month Lease Monthly Cost Annualized Cost Proven Business Systems $ 1,883.35 $ 22,600.14 McGrath Office Equipment $ 1,884.00 $ 22,608.00 Digital Business Technologies $ 1,988.20 $ 23,858.40 Gordon Flesch Company $ 2,077.68 $ 24,932.10 Konica Minolta $ 2,210.75 $ 26,529.00 KKC Imaging Systems Toshiba $ 2,305.58 $ 27,666.90 COTG Proposal $ 2,468.55 $ 29,622.65 KKC Imaging Systems Canon $ 2,636.88 $ 31,642.50 9 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color COTG Proposal B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler and fax included in Admin 9301 12,750 2,250 $ 381.00 $0.028/pg. Tier 3 25% $0.055/pg. lease price. Hole puncher$15. 536.98 6,443.78 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$15/mth. Police 1 9301 10,000 - $ 381.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler,fax included. 455.00 5,460.00 Police 2 Xerox 5150PT 3,000 - $ 122.00 $85/mth-up to 17,000 pages. Stapler included. 207.00 2,484.00 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$15/mth. Comm Dvlp 9301 2,700 300 $ 381.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler included. 420.70 $ 5,048.37 PW Xerox 515OPT 1,000 - $ 122.00 $85/mth-up to 17,000 pages. Stapler included. 207.00 $ 2,484.00 B/W-Tier 1$0.0059/pg. Color-25% Hole puncher$15/mth. Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler included. 2,100 Rec Ctr 9301 7,000 7,000 $ 381.00 $0.028/pg. Tier 3 25% $0.055/pg. capacity. 641.88 7,702.50 Totals $ 2,468.55 $ 29,622.65 10 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Digital Business Technologies Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$9/mth. Stapler Admin Digital Color Copier 12,750 2,250 $ 208.00 Color $16/mth. Fax$12/mth. 434.00 5,208.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$9/mth. Stapler Police 1 Digital Color Copier 10,000 - $ 208.00 Color $16/mth. Fax$12/mth. 305.00 3,660.00 Sharp MX-503N Police 2 Digital Copier 3,000 - $ 152.00 $.006/page B/W Stapler$16/mth. 186.00 2,232.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$9/mth. Stapler Comm Dvlp Digital Color Copier 2,700 300 $ 208.00 Color $16/mth. 264.20 3,170.40 Sharp MX-503N PW Digital Copier 1,000 - $ 152.00 $.006/page B/W Stapler$16/mth. 174.00 2,088.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$9/mth. Stapler Rec Ctr Digital Color Copier 7,000 7,000 $ 208.00 Color $16/mth. 625.00 7,500.00 Totals $ 1,988.20 $ 23,858.40 11 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Gordon Flesch Company Cannon Hole puncher,stapler&fax Admin imageRunner 5051 12,750 2,250 $ 320.00 $0.0045/page B&W-$0.043/pg color included in price 474.13 5,689.50 Cannon Hole puncher,stapler&fax Police 1 imageRunner 5051 10,000 - $ 320.00 $0.0045/page B&W-$0.043/pg color included in price 365.00 4,380.00 Cannon Police 2 imageRunner 4051 3,000 - $ 140.00 $0.0045/page B&W Stapler included in price. 153.50 1,842.00 Cannon Hole puncher&stapler Comm Dvlp imageRunner 5051 2,700 300 $ 306.00 $0.0045/page B&W-$0.043/pg color included in price 331.05 3,972.60 Cannon PW imageRunner 4051 1,000 - $ 140.00 $0.0045/page B&W Stapler included in price. 144.50 1,734.00 Cannon Hole puncher&stapler Rec Ctr imageRunner 5051 7,000 7,000 $ 277.00 $0.0045/page B&W-$0.043/pg color included in price. 609.50 7,314.00 $ 2,077.68 $ 24,932.10 12 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Konica Minolta $7/mth hole puncher. Konica Minolta $20.50/mth stapler. Admin Bizhub C552(Color) 12,750 2,250 $ 251.00 $0.005/page B&W-$0.05/pg color $15.25/mth for fax. 470.00 5,640.00 $7/mth hole puncher. Konica Minolta $20.50/mth stapler. Police 1 Bizhub C552(Color) 10,000 - $ 251.00 $0.005/page B&W-$0.05/pg color $15.25/mth for fax. 343.75 4,125.00 Konica Minolta Police 2 Bizhub 552 3,000 - $ 182.75 $0.005/page B&W $20.50/mth stapler. 218.25 2,619.00 Konica Minolta $7/mth hole puncher. Comm Dvlp Bizhub C552(Color) 2,700 300 $ 251.00 $0.005/page B&W-$0.05/pg color $20.50/mth stapler. 307.00 3,684.00 Konica Minolta PW Bizhub 552 1,000 - $ 182.75 $0.005/page B&W $20.50/mth stapler. 208.25 2,499.00 Konica Minolta $7/mth hole puncher. Rec Ctr Bizhub C552(Color) 7,000 7,000 $ 251.00 $0.005/page B&W-$0.05/pg color $20.50/mth stapler. 663.50 7,962.00 $ 2,210.75 $ 26,529.00 13 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color KKC Imaging Systems Toshiba E Studio Hole puncher,stapler&fax included Color-$0.058/pg.&B&W- Admin 5540C(Color) 12,750 2,250 $ 304.70 in lease price $0.0067/pg. 520.63 6,247.50 Canon IRC 5051 Hole puncher,stapler&fax included B&W-$0.012/pg. $0.0625 Admin (Color) 12,750 2,250 $ 339.30 in lease price color/pg. 632.93 7,595.10 Toshiba E Studio Color-$0.058/pg.&B&W- Police 1 5540C(Color) 10,000 - $ 304.20 Hole puncher&fax included in price. $0.0067/pg. 371.20 4,454.40 Canon IRC 5051 B&W-$0.012/pg. $0.0625 Police 1 (Color) 10,000 $ 339.30 Hole puncher&fax included in price. color/pg. 459.30 5,511.60 Police 2 Canon IR 4051 3,000 $ 175.50 Stapler included in lease price. B&W copies$0.009/pg. 202.50 2,430.00 Toshiba E Studio Police 2 556 3,000 $ 180.18 Stapler included in lease price. B&W$0.067/pg. 200.28 2,403.36 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 Comm Dvlp (Color) 2,700 300 $ 292.50 lease price color/pg. 343.65 4,123.80 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Comm Dvlp 5540C(Color) 2,700 300 $ 269.10 lease price $0.0067/pg. 304.59 3,655.08 PIN Canon IR 4051 1,000 - $ 175.50 Stapler included in lease price. B&W copies$0.009/pg. 184.50 2,214.00 Toshiba E Studio PIN 556 1,000 - $ 180.18 Stapler included in lease price. B&W$0.0067/pg. 186.88 2,242.56 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 Rec Ctr (Color) 7,000 7,000 $ 292.50 lease price color/pg. 814.00 9,768.00 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Rec Ctr 5540C(Color) 7,000 7,000 $ 269.10 lease price $0.0067/pg. 722.00 8,664.00 Canon Totals $ 2,636.88 $ 31,642.50 Toshiba Totals $ 2,305.58 $ 27,666.90 14 - 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color McGrath Office Equipment Hole puncher,stapler,large capacity tray&fax included in Admin Savin C5502 12,750 2,250 $ 260.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 425.00 5,100.00 Hole puncher,stapler,large capacity tray&fax included in Police 1 Savin C5502 10,000 - $ 260.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 310.00 3,720.00 Stapler&console included in Police 2 Savin MP5002SP 3,000 - $ 141.50 B&W-$0.005/pg. lease price. 156.50 1,878.00 Hole puncher,stapler,large capacity tray included in lease Comm Dvlp Savin C5502 2,700 300 $ 234.50 B&W-$0.005/pg. Color$0.045/pg. price. 261.50 3,138.00 Stapler&console included in PW Savin MP5002SP 1,000 - $ 141.50 B&W-$0.005/pg. lease price. 146.50 1,758.00 Hole puncher,stapler included Rec Ctr Savin C5502 7,000 7,000 $ 234.50 B&W-$0.005/pg. Color$0.045/pg. in lease price. 584.50 7,014.00 Totals $ 1,884.00 $ 22,608.00 15 48-Month Copier Make/Model Average Volumes Lease 48-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Proven Business Systems Stapler included in price. Fax $10.12/mth. Hole puncher Admin Toshiba 5540 12,750 2,250 $ 236.49 Color-$0.045/pg. B&W-$0.0035 $10.12/mth. 402.61 4,831.26 Stapler included in price. Fax $10.12/mth. Hole puncher Police 1 Toshiba 5540 10,000 - $ 236.49 Color-$0.045/pg. B&W-$0.0035 $10.12/mth. 291.73 3,500.76 Police 2 Toshiba 556 3,000 - $ 159.67 B&W-$0.0035 Stapler included in price. 170.17 2,042.04 Stapler included in price. Hole Comm Dvlp Toshiba 5540 2,700 300 $ 236.49 Color-$0.045/pg. B&W-$0.0035 puncher$10.12/mth. 269.56 3,234.72 PW Toshiba 556 1,000 - $ 159.67 B&W-$0.0035 Stapler included in price. 163.17 1,958.04 Stapler included in price. Hole Rec Ctr Toshiba 5540 7,000 7,000 $ 236.49 Color-$0.045/pg. B&W-$0.0035 puncher$10.12/mth. 586.11 7,033.32 Totals $ 1,883.35 $ 22,600.14 16 60 - Month Lease Monthly Cost Annualized Cost Proven Business Systems $ 1,646.05 $ 19,752.54 McGrath Office Equipment $ 1,692.00 $ 20,304.00 Digital Business Technologies $ 1,776.20 $ 21,314.40 Gordon Flesch Company $ 1,867.68 $ 22,412.10 Konica Minolta $ 1,962.25 $ 23,547.00 KKC Imaging Systems Toshiba $ 2,047.48 $ 24,569.70 COTG Proposal $ 2,122.55 $ 25,470.65 KKC Imaging Systems Canon $ 2,360.98 $ 28,331.70 17 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color COTG Proposal B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler and fax included in Admin 9301 12,750 2,250 $ 308.00 $0.028/pg. Tier 3 25% $0.055/pg. lease price. Hole puncher$12. 460.98 5,531.78 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$12/mth. Police 1 9301 10,000 - $ 308.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler,fax included. 379.00 4,548.00 Police 2 Xerox 5150PT 3,000 - $ 101.00 $85/mth-up to 17,000 pages. Stapler included. 186.00 2,232.00 B/W-Tier 1$0.0059/pg. Color-25% Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Hole puncher$12/mth. Comm Dvlp 9301 2,700 300 $ 308.00 $0.028/pg. Tier 3 25% $0.055/pg. Stapler included. 344.70 4,136.37 PW Xerox 515OPT 1,000 - $ 101.00 $85/mth-up to 17,000 pages. Stapler included. 186.00 2,232.00 B/W-Tier 1$0.0059/pg. Color-25% Hole puncher$12/mth. Xerox ColorQube Tier 1 $0.0059/pg. Tier 2 50% Stapler included. 2,100 Rec Ctr 9301 7,000 7,000 $ 308.00 $0.028/pg. Tier 3 25% $0.055/pg. capacity. 565.88 6,790.50 Totals $ 2,122.55 $ 25,470.65 18 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Digital Business Technologies Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$8/mth. Stapler Admin Digital Color Copier 12,750 2,250 $ 174.00 Color $14/mth. Fax$7/mth. 392.00 4,704.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$8/mth. Stapler Police 1 Digital Color Copier 10,000 - $ 174.00 Color $14/mth. Fax$7/mth. 263.00 3,156.00 Sharp MX-503N Police 2 Digital Copier 3,000 - $ 127.00 $.006/page B/W Stapler$14/mth. 159.00 1,908.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$8/mth. Stapler Comm Dvlp Digital Color Copier 2,700 300 $ 174.00 Color $14/mth. 227.20 2,726.40 Sharp MX-503N PW Digital Copier 1,000 - $ 127.00 $.006/page B/W Stapler$14/mth. 147.00 1,764.00 Sharp MX-5110N $.006/page B/W and $.05/page for Hole punch-$8/mth. Stapler Rec Ctr Digital Color Copier 7,000 7,000 $ 174.00 Color $14/mth. 588.00 7,056.00 Totals $ 1,776.20 $ 21,314.40 19 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Gordon Flesch Company Cannon Hole puncher,stapler&fax Admin imageRunner 5051 12,750 2,250 $ 275.00 $0.0045/page B&W-$0.043/pg color included in price 429.13 5,149.50 Cannon Hole puncher,stapler&fax Police 1 imageRunner 5051 10,000 - $ 275.00 $0.0045/page B&W-$0.043/pg color included in price 320.00 3,840.00 Cannon Police 2 imageRunner 4051 3,000 - $ 120.00 $0.0045/page B&W Stapler included in price. 133.50 1,602.00 Cannon Hole puncher&stapler Comm Dvlp imageRunner 5051 2,700 300 $ 264.00 $0.0045/page B&W-$0.043/pg color included in price 289.05 3,468.60 Cannon PW imageRunner 4051 1,000 - $ 120.00 $0.0045/page B&W Stapler included in price. 124.50 1,494.00 Cannon Hole puncher&stapler Rec Ctr imageRunner 5051 7,000 7,000 $ 239.00 $0.0045/page B&W-$0.043/pg color included in price. 571.50 6,858.00 $ 1,867.68 $ 22,412.10 20 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Konica Minolta $6/mth hole puncher. Konica Minolta $17/mth stapler. $12.75/mth Admin Bizhub C552(Color) 12,750 2,250 $ 211.00 $0.005/page B&W-$0.05/pg color for fax. 423.00 5,076.00 $6/mth hole puncher. Konica Minolta $17/mth stapler. $12.75/mth Police 1 Bizhub C552(Color) 10,000 - $ 211.00 $0.005/page B&W-$0.05/pg color for fax. 296.75 3,561.00 Konica Minolta Police 2 Bizhub 552 3,000 - $ 153.50 $0.005/page B&W $17/mth stapler. 185.50 2,226.00 Konica Minolta $6/mth hole puncher. Comm Dvlp Bizhub C552(Color) 2,700 300 $ 211.00 $0.005/page B&W-$0.05/pg color $17/mth stapler. 262.50 3,150.00 Konica Minolta PW Bizhub 552 1,000 - $ 153.50 $0.005/page B&W $17/mth stapler. 175.50 2,106.00 Konica Minolta $6/mth hole puncher. Rec Ctr Bizhub C552(Color) 7,000 7,000 $ 211.00 $0.005/page B&W-$0.05/pg color $17/mth stapler. 619.00 7,428.00 $ 1,962.25 $ 23,547.00 21 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color KKC Imaging Systems Toshiba E Studio Hole puncher,stapler&fax included Color-$0.058/pg.&B&W- Admin 5540C(Color) 12,750 2,250 $ 252.20 in lease price $0.0067/pg. 468.13 5,617.50 Canon IRC 5051 Hole puncher,stapler&fax included B&W-$0.012/pg. $0.0625 Admin (Color) 12,750 2,250 $ 281.31 in lease price color/pg. 574.94 6,899.22 Toshiba E Studio Color-$0.058/pg.&B&W- Police 1 5540C(Color) 10,000 - $ 252.20 Hole puncher&fax included in price. $0.0067/pg. 319.20 3,830.40 Canon IRC 5051 B&W-$0.012/pg. $0.0625 Police 1 (Color) 10,000 $ 281.30 Hole puncher&fax included in price. color/pg. 401.30 4,815.60 Police 2 Canon IR 4051 3,000 $ 145.50 Stapler included in lease price. B&W copies$0.009/pg. 172.50 2,070.00 Toshiba E Studio Police 2 556 3,000 $ 149.38 Stapler included in lease price. B&W$0.067/pg. 169.48 2,033.76 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 Comm Dvlp (Color) 2,700 300 $ 242.52 lease price color/pg. 293.67 3,524.04 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Comm Dvlp 5540C(Color) 2,700 300 $ 223.10 lease price $0.0067/pg. 258.59 3,103.08 PIN Canon IR 4051 1,000 - $ 145.57 Stapler included in lease price. B&W copies$0.009/pg. 154.57 1,854.84 Toshiba E Studio PIN 556 1,000 - $ 149.38 Stapler included in lease price. B&W$0.0067/pg. 156.08 1,872.96 Canon IRC 5051 Hole puncher,stapler included in B&W-$0.012/pg. $0.0625 RecCtr (Color) 7,000 7,000 $ 242.50 lease price color/pg. 764.00 9,168.00 Toshiba E Studio Hole puncher,stapler included in Color-$0.058/pg.&B&W- Rec Ctr 5540C(Color) 7,000 7,000 $ 223.10 lease price $0.0067/pg. 676.00 8,112.00 Canon Totals $ 2,360.98 $ 28,331.70 Toshiba Totals $ 2,047.48 $ 24,569.70 22 - - 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color McGrath Office Equipment Hole puncher,stapler,large capacity tray&fax included in Admin Savin C5502 12,750 2,250 $ 220.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 385.00 4,620.00 Hole puncher,stapler,large capacity tray&fax included in Police 1 Savin C5502 10,000 - $ 220.00 B&W-$0.005/pg. Color$0.045/pg. lease price. 270.00 3,240.00 Stapler&console included in Police 2 Savin MP5002SP 3,000 - $ 122.00 B&W-$0.005/pg. lease price. 137.00 1,644.00 Hole puncher,stapler,large capacity tray included in lease Comm Dvlp Savin C5502 2,700 300 $ 198.00 B&W-$0.005/pg. Color$0.045/pg. price. 225.00 2,700.00 Stapler&console included in PW Savin MP5002SP 1,000 - $ 122.00 B&W-$0.005/pg. lease price. 127.00 1,524.00 Hole puncher,stapler included Rec Ctr Savin C5502 7,000 7,000 $ 198.00 B&W-$0.005/pg. Color$0.045/pg. in lease price. 548.00 6,576.00 Totals $ 1,692.00 $ 20,304.00 23 60-Month Copier Make/Model Average Volumes Lease 60-Month Maint Contract Other Features Monthly Cost Annualized Cost B&W Color Proven Business Systems Stapler included in price. Fax $8.36/mth. Hole puncher Admin Toshiba 5540 12,750 2,250 194.04 Color-$0.045/pg. B&W-$0.0035 $8.36/mth. 356.64 4,279.62 Stapler included in price. Fax $8.36/mth. Hole puncher Police 1 Toshiba 5540 10,000 - 194.04 Color-$0.045/pg. B&W-$0.0035 $8.36/mth. 245.76 2,949.12 Police 2 Toshiba 556 3,000 - 131.20 B&W-$0.0035 Stapler included in price. 141.70 1,700.40 Stapler included in price. Hole Comm Dvlp Toshiba 5540 2,700 300 194.04 Color-$0.045/pg. B&W-$0.0035 puncher$8.36/mth. 225.35 2,704.20 PW Toshiba 556 1,000 - 131.20 B&W-$0.0035 Stapler included in price. 134.70 1,616.40 Stapler included in price. Hole Rec Ctr Toshiba 5540 7,000 7,000 194.04 Color-$0.045/pg. B&W-$0.0035 puncher$8.36/mth. 541.90 6,502.80 Totals $ 1,646.05 $ 19,752.54 24 Reviewed By: Agenda Item Number 4 ' �► Legal ❑ OB #1 Finance ❑ EST. -�` _ ti W36 Engineer ❑ �:--- g Tracking Number �! City Administrator ■ =t� Consultant ❑ ADM 2011-40 LE ��' Human Resources ■ Agenda Item Summary Memo Title: Employee Manual Revision Meeting and Date: Administration Committee—04/19/2012 Synopsis: Council Action Previously Taken: Date of Action: 02/10/2004 Action Taken: Approval of current employee manual. Item Number: Type of Vote Required: Council Action Requested: Discussion Submitted by: Meghan Ostreko Human Resources Name Department Agenda Item Notes: Labor attorney review of the revised employee manual was not complete at the time of packet creation. A verbal update will be provided at the meeting.