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City Council Minutes 2005 03-08-05
MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, HELD IN THE CITY COUNCIL CHAMBERS, 800 GAME FARM ROAD ON TUESDAY, MARCH 8, 2005 Mayor Prochaska called the meeting to order at 7:00 P.M and led the Council in the Pledge of Allegiance. ROLL CALL Clerk Milschewski called the roll. Ward I James Present Sticka Present Ward H Burd Present Kot Present Ward IlI Ohare Present Munns Present Ward IV Besco Present Spears Present Also present: City Clerk Milschewski, City Treasurer Powell. City Administrator Graff, City Attorney Wyeth, Police Chief Martin, Director of Public Works Dhuse, Finance Director Pleckham and Executive Director of Parks & Recreation Brown. QUORUM A quorum was established INTRODUCTION OF GUESTS Mayor Prochaska asked the staff and guests to introduce themselves. He welcomed the guests and asked them to enter their names on the attendance sheet provided. AMENDMENTS TO THE AGENDA Alderman Ohare requested that Item #3, Resolution to Approve Schoppe Scope of Services for the Northwest Land Use Plan Map Revision, be removed from the consent agenda and placed on the regular agenda. At Mayor Prochaska suggestion this item was moved to the Mayor's Report. COMMITTEE MEETING DATES Public Works Committee 7:00 P.M., Monday, March 28, 2005 City of Yorkville Conference Room 800 Game Farm Road Economic Development Committee 7:00 P.M., Thursday, March 17, 2005 City of Yorkville Conference Room 800 Game Farm Road Administration Committee 7:00 P.M., Thursday, April 7, 2005 City of Yorkville Conference Room 800 Game Farm Road Public Safety Committee 6:30 P.M., Monday, March 10, 2005 City of Yorkville Conference Room 800 Game Farm Road Ad Hoc Technology Committee 7:00 P.M., Wednesday, March 16, 2005 City of Yorkville Conference Room 800 Game Farm Road PUBLIC HEARINGS None. CITIZEN COMMENTS None. PRESENTATIONS Blue Star Banner Presentation Carl Strause, commander of the Yorkville American Legion and Chairman of the Blue Star Banner Committee, presented the City Council with a Blue Star Banner to display at City Hall The Minutes of the Regular Meeting of the Citv Council — March 8.2005 - �a e 2 � S � and explained that the banners are displayed when a relative or friend is serving in the Armed Forces during a time of war. He further explained that the Legion is hosting a Blue Star Banner Salute on May 21, 2005 from 11:00 A.M. to 4:30 P.M. which will give residents a chance to meet those serving in the military. He stated that he retired after twenty -eight years in the Air Force so he has written to the Thunderbirds asking them to do a fly over that day. He also explained that anyone interested in obtaining a banner should call him or stop by the legion post. Mayor Prochaska thanked Mr. Strause for the banner and he encouraged the residents of Yorkville to attend the event in May. He also commented that the City's next newsletter would have information regarding the program and he asked the Legion to leave applications for the banner at the City offices. YEDC Annual Report Lynn Dubajic, Executive Director of the Yorkville Economic Development Corporation, presented the YEDC Annual Report (see attached) which covered the following items: • Overall Strategies for 2005 — Focus on raising awareness with developers and commercial real estate brokers; interface with individuals and franchises to fill vacant space in order to create an image of continuous growth; continue to focus on relationships with residential developers and the City to obtain results that meet the quality standards requested. • Action Steps — call on current and prospective businesses; continue to build relationships with local and statewide organizations to further referral sources. • Continuing Partnerships — Working with the Burlington Northern Santa Fe Railroad to develop a new Route 34 logistics corridor from Montgomery, Illinois to Galesburg, Illinois. • Upcoming Highlights and Events — International Council of Shopping Centers; River Valley Workforce Steering and Marketing Committees; Job and Career Fair; Yorkville Business Institute • Real Estate Tax Abatement Program — the YEDC will present the recently approved Kendall County Real Estate Tax Abatement Program to all taxing districts • Targeted Advertising 2005 — Illinois Real Estate Journal; Metro - Chicago Retail Space Guide, etc. Mrs. Dubajic also distributed the program from the Fourth Annual YEDC Meeting (see attached) held on October 20, 2004. She reported that as of March 9, 2005 there will be at 165 or 166 members in the YEDC. She stated that the YEDC hopes to continue to have a great things happen for the community. Alderman Munns asked if Mrs. Dubajic had a goal number for members and she explained that she did not have a goal for the number of members but rather a dollar amount that she would like to raise. She explained to the City Council the levels of membership. Alderman Burd asked if the Board of Directors and Executive Members change year to year or if they were frozen. Mrs. Dubajic explained that the by -laws limit the YEDC to seventeen Board Members and a three year commitment is required from them. She stated that as long as the entity is willing to commit they will be on the Executive Member however the Board member representing them can change. She further explained that officer's change every two years and that at least twelve to fourteen members are in attendance at board meetings. Alderman Burd suggested that the YEDC may want to allow for a rotation so that "new blood" can come into the group to avoid stagnation. Aldermen Sticka and Ohare complimented Mrs. Dubajic on job well done and Mayor Prochaska thanked her for her presentation. CONSENT AGENDA 1. Police Reports for January 2005 2. Building Permit Reports for January 2005 3. Ordinance 2005 -19 — Amending the Water Works Ordinance # 1974 -69 - authorize the Mayor and City Clerk to execute 4. Ordinance 2005 -20 — .Enabling Ordinance to Create Special Service Area for Menard, Inc. — Prairie Meadows Subdivision - authorize the Mayor and City Clerk to execute 5. Bristol - Kendall Fire District Request for Fee Consideration for Permits/Reviews for Building their New Station — authorize waiving the city portion of any fees associated with building their new facility on Kennedy Road and McHugh Road, however, requiringpayment of City "out ofpocket expenses" i The Minutes of the Regular Meeting of the Citv Council — March 8, 2005 — nage 3 Mayor Prochaska entertained a motion to approve the Consent Agenda as amended. So moved by Alderman Ohare; seconded by Alderman James. Motion approved by a roll call vote. Ayes -8 Nays -0 Burd -aye, James -aye, Kot -aye, Munns -aye, Spears -aye, Sticka -aye, Ohare -aye, Besco -ave PLANNING COMMISSION /ZONING BOARD OF APPEAL No report. MINUTES FOR APPROVAL A motion was made by Alderman James to approve the minutes of the Committee of the Whole meetings from October 5, 2004 and February 15, 2005; seconded by Alderman Ohare. Alderman Ohare commented that the minute taker noted on the October 5, 2004 COW minutes that the attorney for Centex refused to sign his name and she stated that she felt this was inappropriate for an attorney to do. Motion approved by a viva voce vote. BILLS FOR APPROVAL A motion was made by Alderman James to approve the paying of the bills listed on the Detailed Board Report dated February 25, 2005 totaling the following amounts: checks in the amount of $608,895.06 (vendors); $3,487.50 (vendors); $154,599.I8 (payroll period ending 2/19/05); for a total of $766,981.76; seconded by Alderman Sticka. Clerk Milschewski noted that the first vender amount is $608,895.08. Motion approved by a roll call vote. Ayes -8 Nays -0 Besco -aye, Burd -aye, James -aye, Kot -aye, Munns -aye, Ohare -aye, Spears -aye, Sticka -aye REPORTS MAYOR'S REPORT Request for Renewal to YEDC Mayor Prochaska entertained a motion to approve the request to renew the Yorkville Economic Development Corporation three year letter of commitment for an annual amount of $45,000.00 which will include 2006, 2007, and 2008. So moved by Alderman Sticka; seconded by Alderman Ohare. Mayor Prochaska noted that the City Council needs to make the commitment now so that it will be included in the budget. He stated that when the YEDC originally began, this membership represented well over 50% of the revenue to the YEDC. This is now down to about 22% and as more members join, the amount for the membership will decrease. Motion approved by a roll call vote. Ayes -7 Nays -0 Present -1 Besco -aye, Burd -aye, James -aye, Kot -aye, Munns -aye, Ohare -aye, Spears present, Sticka -aye Ordinance 2005 -21 Approving Redevelopment Agreement for Countryside Shopping Center Mayor Prochaska entertained a motion to approve an Ordinance approving the Redevelopment Agreement for the Countryside Shopping Center, Yorkville, Illinois and authorize the Mayor and City Clerk to execute all documents. So moved by Alderman Ohare; seconded by Alderman Munns. Motion approved by a roll call vote. Ayes -8 Nays -0 Burd -aye, James -aye, Kot -aye, Munns -aye, Ohare -aye, Spears -aye, Sticka -aye, Besco -aye Ordinance 2005 -22 Countryside Shopping Center TIF Adopt bond Ordinance Mayor Prochaska entertained a motion to approve the adoption of an Ordinance for the issuance of $3,525,000.00 General Obligation Bonds (Alternate Revenue Source) for the Countryside Redevelopment Tax Increment Financing Project and authorize the Mayor and City Clerk to execute all documents. So moved by Alderman James; seconded by Alderman Ohare. i The Minutes of the Regular Meeting of the Citv Council — March 8. 2005 - nage 4 Barbara Chevalier, Vice President of Speer Financial, Inc. distributed a packet of information (see attached) s ummariz ing the bids for the General Obligation Bonds. She briefly went over the information in the packets and explained that the lowest bid was received from Harris Trust and Savings Bank, Chicago, Illinois with an interest rate of 4.1821 %. Speer Financial is recommending that the City accept their bid. Treasurer Powell asked if the bonds were callable and Ms. Chevalier stated that they are callable _. on June 1, 2015. Motion approved by a roll call vote. Ayes -8 Nays -0 James -aye, Kot -aye, Ohare -aye, Munns -aye Spears -aye, Sticka -aye, Besco -aye, Burd -aye Resolution 2004 -15 Approving Schoppe Scope of Service for the Northwest Land Use Plan Map Revision Mayor Prochaska entertained a motion to approving a Resolution for the Schoppe Scope of Service for the Northwest Land Use Plan Map Revision and to authorize the Mayor and City Clerk to execute, subject to collection of sufficient funds from property owners. So moved by Alderman James; seconded by Alderman Ohare. Alderman Ohare stated that she spoke earlier with Administrator Graff and Attorney Wyeth regarding the question of cost for the services which were discussed at the Committee of the Whole meeting. Attorney Wyeth explained to her that the resolution states that the City shall use funds contributed by land owners. She also noted that the resolution refers to Exhibit "A" which is not attached. Attorney Wyeth stated that Exhibit "A" is a copy of the Schoppe agreement as presented at the COW meeting. Mayor Prochaska clarified that the agreement was dated March 23, 2005 and Attorney Wyeth stated that was correct. Motion approved by a roll call vote. Ayes -8 Nays -0 Ohare -aye, Munns -aye, Spears -aye, Sticka -aye, Besco -aye, Burd -aye, James -aye, Kot -aye Mayor Prochaska stated that the services will be to revisit the Comprehensive Plan to see if the request for zoning by the land owners will fit into the Comprehensive Plan. It is not an automatic rezoning of property. 2004 Annual Report Mayor Prochaska went over the 2004 Annual Service Report (see attached). The Mayor touched upon the following highlights: • Intergovernmental Cooperation — Yorkville School District #115, Forest Preserve District, Yorkville - Bristol Sanitary District, etc. • New Subdivision Developments /Approved Final PIats • Development Standards — architectural standards, updated land use plans, etc. • New Business Developments — Menards, Heartland and Prairie Garden Commercial districts, etc. • Human Resource — new hires, retirements, etc. • City Ordinance and Resolution — Route 47 Improvement Resolution, Pollution Control Ordinance, etc. • City Web Page & Technology — installation of T -1 line, e-mail accounts, continue work on the Geographic Information System (GIS) development • Professional Service Agreements - Engineering Enterprises, Inc. (EEI) , Schoppe Design, Smith Engineering, Yas & Fischel Partnership, etc. • Finance — approval of investment and fund balance polices, Standard & Poor's rating, Special Service Areas, etc. • Building & Zoning — annual permits issued • Engineering & Public Works - adoption of the Subdivision Control Ordinance, update of Ward Map, sewer, water and street projects, etc. • Parks & Recreation — secured a $74,000 grant from the Illinois Department of Natural Resources (IDNR), increase in programs, new preschool program, new parks completed, the Riverfront Park shelter built, etc. • Library — issuance of cards increased, attendance at programs up, referendum approved etc. • Public Safety — participation in Polar Plunge, Citizen Police Academy session held, National Night Out, etc, • Goals for 2005 — transportation improvements, control growth, finance, expand quality of life, economic development, administration/staff and public safety. i The Minutes of the Regular Meeting of the City Council — March 8, 2005 - Dag Mayor Prochaska recommended that the Council continue to look at partnerships with other groups such as the Illinois Department of Transportation, Speaker of the House Hastert, the School District and the Forest Preserve District. He also noted that the street program should continue to move forward as well as staffing projects should be considered in the future. Mayor Prochaska opened the floor for comments or questions. Alderman Kot commented that this was a very impressive report. He stated that sometimes the Council does not appreciate the magnitude of what is going on and this report brings it into perspective. Mayor Prochaska noted that a lot is owed to the city staff, he noted that there are many dedicated people working for the City. He stated that many times he gets calls complimenting someone on the staff and that he appreciates what the staff does. Thank You Mayor Prochaska thanked everyone for their words of support during this time of personal loss of his brother who died unexpectedly. ATTORNEY'S REPORT No report. CITY CLERK'S REPORT No report. CITY TREASURER'S REPORT No report. Mayor Prochaska stated that he was glad to see Treasurer Powell back after his back surgery. FINANCE DIRECTOR'S REPORT Director Pleckham reported that signatures cards for the TIF bank account that need signatures of Council members were being passed around. She reported that the City will receive a money market rate of 3.175 %. She also reported that sale information for the Bond Ordinance passed tonight is available under the Council member's mailbox for review. Treasurer Powell complimented Director Pleckham for her work in developing the RFP used for determining which bank would be used as a holding place for the bond issue funds. Alderman Burd asked if the City will be able to have any other TIF's in the community. Mayor Prochaska stated that he researched this and there is no limit to the number of TIF's a community can have, Alderman Burd was concerned because there are other areas of the community that are blighted and they should have the same opportunity. Alderman Burd asked how the TIF's affect the City's debt. Director Pleckham stated that these are alternate bonds which have a debt obligation to the City if the alternate revenue streams such as MFT funds or sales tax revenue become unavailable. Mayor Prochaska stated that Alternate Revenue bonds have a different affect on the City's borrowing rate and debt service obligation. CITY ADMINISTATOR'S REPORT No report. DIRECTOR OF PUBLIC WORKS REPORT Director Dhuse reported that the City is working with EEI and ComEd to get the booster station working. _ CHIEF OF POLICE REPORT No report. EXECUTIVE DIRECTOR OF PARKS & RECREATION REPORT No report. COMMUNITY & LIAISON REPORT Senior Facility Ad -Hoc Committee Alderman Spears reported that the Senior Facility Ad Hoc Committee met. She stared that there was a lot of discussion and that that committee had many ideas. She stated that another meeting was scheduled for Monday, March 14, 2005. Mayor Prochaska added that options for a short- term plan were to be discussed at the next meeting I The Minutes of the Regular Meeting of the Citv Council — March 8. 2005 — nage 6 Kendall County Elder Friendly Summit Alderman Spears reported that there will be a mailing in the next week or so for the Kendall County Elder Friendly Summit which will be held on Monday April 4, 2005 from 9:00 A.M. to 12:00 P.M. at Trinity United Methodist Church. COMMITTEE REPORTS PUBLIC WORKS COMMITTEE REPORT No report. ECONOMIC DEVELOPMENT COMMITTEE REPORT No report. PUBLIC SAFETY COMMITTEE REPORT No report ADMINISTRATION COMMITTEE REPORT Crowe, Chizek and Company LLC 2005/2007 Audit Engagement Contract A motion was made by Alderman James to approve the engagement terms for audit services with Crow, Chizek and Company, LLC for three (3) years with the following fee schedule which will not exceed $25,500.00 for 2005, $26,775.00 for 2006 and $28,100.00 for 2007 and to authorize the City Treasurer to sign the letter; seconded by Alderman Sticka. Motion approved by a roll call vote. Ayes -8 Nays -0 Munns -aye, Ohare -aye, Spears -aye, Sticka -aye Besco -aye, Burd -aye, James -aye, Kot -aye ADDITIONAL BUSINESS Red Cross Alderman Spears asked if any information had been received from the Red Cross regarding the fund raiser for the tsunami victims. Mayor Prochaska stated that he received a letter from the Red Cross which he passed on to Director Brown so she could contact the individual organizing the event. Alderman Spears asked how cash donations were going to be handled. Mayor Prochaska stated that Ms. Brown is working on the details with the Red Cross. Ms. Brown clarified that all checks were to be made out to the Red Cross and the event is not accepting cash donations. Park Board Alderman Besco stated in an effort to streamline the structure of the City government with the position of Park Planner added to the budget and because he felt that the Park Board was antiquated, he asked the City Council to consider disbanding the Park Board as soon as the position of Park Planner is filled. Alderman Munns agreed. Mayor Prochaska recommended that this be placed on the next COW agenda for further discussion and debate. EXECUTIVE SESSION Mayor Prochaska entertained a motion to go into Executive Session for the purpose of discussing the appointment, employment, compensation, discipline, performance, or dismissal of specific employees of the public body or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee of the public body or against legal counsel for the public body to determine its validity. He asked that the City Clerk and City Attorney be included in the session. So moved by Alderman Munns; seconded by Alderman Besco. Motion approved by a roll call vote. Ayes -8 Nays -0 Ohare -aye, Besco -aye, Burd -aye, James -aye Kot -aye, Munns -aye, Spears -aye, Sticka -aye The City Council took a ten minute break and entered into Executive Session at 8:35 P.M. The City Council returned to regular session at 8:41 P.M. No action was taken.. ADJOURNMENT Mayor Prochaska entertained a motion to adjourn. So moved by Alderman Kot; seconded by Alderman Ohare. Motion approved by a viva voce vote. Meeting adjourned at 8:42 P.M. I The Minutes of the Regular Meeting of the Citv Council — March 8. 2005 — nab Minutes submitted by: Jacquelyn Milschewski, City Clerk City of Yorkville, Illinois i CITY COUNCIL MEETING March 8, 2005 PLEASE PRINT NAME: ADDRESS: )ll/ 444.el�. I VIee�; 9 0 1 VA . �S S ►�s� a �, ���c� a� � i .� Dots , v AAw75o.-z /0 6 CCE,�PF l v, oAz7r, U — 26WIPt\6 & SIGNIN ' I I 2005 REPORT TO THE YORKVILLE CITY COUNCIL YORKVILLE ECONOMIC DEVELOPMENT CORPORATION OVERALL STRATEGIES FOR 2005: - Focus on raising awareness with significant regional and national developers, and commercial real estate brokers. - Interface with individuals and franchisees that will provide opportunities to fill current vacant space, or space committed to be built, in order to create the image of our continuous growth. Continue to focus on relationships with residential developers and the City to obtain results that meet the quality of life standard requested and population to support balanced commercial growth. ACTION STEPS: - Continuously call on current Yorkville businesses. - Continuously call on prospective Yorkville businesses. - Implement marketing materials consistent with YEDC goals and objectives, including new marketing techniques and vehicles such as CD ROM, and specialized brochures. - Develop events to showcase velocity of residential development to individuals directly involved with commercial development. - Continue the process of building relationships with local and statewide organizations, to further referral sources. - Continue education processes, which offer opportunities for the business community access to programs, which bolster the business climate. - Develop processes to expose current businesses to perspective customers, through marketing events and techniques. - Participate in local, regional and national events where perspective business clients are present. - Utilize educational opportunities on Economic Development as available. CONTINUING PARTNERSHIPS: Burlington Northern Sante Fe Railroad (BNSF). Through an economic development program with the railroad, and other neighboring communities along Route 34, a new "Route 34 logistics corridor" has been branded. This year the group will be hosting a "Rail Tour" of the corridor in October from Galesburg to Chicago's Union Station; sponsoring a CoreNet Luncheon on Thursday, September 8 th in Chicago; and Site Selector Reception in November. There will also be a direct mail piece with leads supplied by Whittaker Research. i i t YEDC Report March 2005 Page 2 UPCOMING HIGHLIGHTS AND EVENTS: International Council of Shopping Centers: (ICSC) January 19 & 20, 2005 — Alliance Program & Idea Exchange in Chicago (2 Day event with community showcase booth - 5 th year participating) May 22 to 25, 2005 — Spring Convention, LasVegas (4 Day event — 4 th year participating) October 27, 2005 — Chicago Deal Making (1 Day event — 5 th year participating) National Manufacturing Week (McCormick Place): March 7 to 10, 2005 — Will act as State /Local rep (Multiple day event — 4 th year participating) Plastics USA Trade Show (McCormick Place): Sept. 28 to 30, 2005 - Will act as State /Local rep (Multiple day event — 4 th year participating) River Valley Workforce Steering and Marketing Committees: Committee represents Kendall, Kane & DeKalb Counties. It is the goal of this Committee to assist in preparedness and future employment needs of the business community in these three counties. The group works together to help determine which industry sectors are showing growth and decline, current and future workforce supply, education, transportation, and quality of life for the area. "Aiming for Success" Job and Career Fair: Annual Spring event will be held on Tuesday, March 29, 2005 at the Yorkville High School Cafeteria. In 2004 there were 40 businesses that participated with over 400 prospective employee candidates in attendance. This event not only offered employment opportunities, but also workshops on with resume writing, interviewing skills. Yorkville Business Institute: This series of educational workshops will be facilitated by Waubonsee Community College and Aurora University, and be jointly sponsored by the YEDC and Yorkville Area Chamber of Commerce. Topics will focus on sales and marketing, customer service, time management, and operational efficiencies. We are very pleased to say that in 2004 over 100 Yorkville business professionals took part in this very successful series, and 10 individuals were recognized for completing all 4 workshops. Dates for 2005 are Friday February 25 Friday June 3 rd, ,Friday September 9 and Friday December 2nd YEDC Report March 2005 Page 3 Business Assistance Expo: Bringing together over 20 programs that provide a variety of assistance, including low interest loans, grants, workforce training and development to the business community; this Expo has been adopted by other communities looking for ways to reach out to the business community. This year we will also offer a short seminar to all attendees to provide an overview of the programs, with a special focus on small business development. In 2005, the event will take place on Wednesday, May 4th. Summer Outing 2005: This "fun" social event allowed prospective Yorkville businesses an opportunity to get to know current stakeholders. In 2004 we headed for Wrigley Field on August 27 with this year's date confirmed for Friday, September 16 I YEDC Annual Meeting 2005: Our 5 th Annual Meeting will be held on Monday, October 10 at the Yorkville High School Cafeteria. We review and acknowledge the accomplishments for new development and business expansion during the past 12 months. It is also a time to look forward to the upcoming year, and offer "thanks" to the partnerships and relationships that were so important to the Yorkville business community. We are currently coordinating an important keynote speaker for this milestone event. Commercial Broker Tour of Yorkville: The YEDC will host a half -day tour of Yorkville for a select group of commercial real estate brokers who are directly responsible for major national and regional retailers, as empowered site selectors for future locations. This event will begin as a "Road Tour" aboard a deluxe motor coach, be scripted to allow maximum information and highlights, end with a luncheon, and take place in the late summer. REAL ESTATE TAX ABATEMENT PROGRAM: The YEDC will present the recently approved Kendall County Real Estate Tax Abatement Program to all taxing districts affected by development in Yorkville. This program will allow industrial, warehouse, professional office, headquarters and targeted industries to apply for a three to five year graduated real estate tax abatement. The YEDC will inform all taxing bodies when an eligible business is locating in Yorkville, and work with each district to provide necessary information to determine if that district is willing to offer abatement to the end user. YEDC Report March 2005 j Page 4 TARGETED ADVERTISING 2005: "Northern Illinois Real Estate Magazine" — Listing in June and November Economic Development Directories. "Illinois Real Estate Journal" — Quarter page ad in four issues. March, May, September, and November 2005. "Metro- Chicago Retail Space Guide" - Half page color ad in both the Spring and Fall issues. Distributed at ICSC events, and direct mail. Tag ads in both the Spring and Fall issues. "Metro- Chicago Business Park Guide" — Distributed at CoreNet and IRDC events, and direct mail. Tag ads in both the Spring and Fall issues. "Area Development Magazine" — February 2005 issue. Distributed at National Manufacturing Week and other industrial based trade shows, plus direct mail. Also includes Chicago Metro Report, 3 site listings in Fast Facility Section, Annual Midwest States Regional Review, and Banner Ad on Website and CD- Rom. f Y ED Yorkville Economic Development Corporation Ain • i Fourth Annual Meeting Wednesday, October 20th, 2004 Beecher Center • 908 Game Farm Road • Yorkville, IL i UNITED CITY OF YORKVILLE MUNICIPAL SALES TAX REVENUE 2,000,000 -/ 0 1,800,000- 1,600,000 -! eb 1,400,000- 1,200,000 - ��"� 1,000,000 - � 800,000- 600,000- 400,000- 200,000- 0 - FY 99/00 FY 00 /01 FY 01/02 FY 02/03 FY 03/04 *Unaudited UNITED CITY OF YORKVI LLE COMMERCIAL / INDUSTRIAL PROPERTY EQUALIZED ASSESSED VALUES 60,000,000 -i o_o � 50,000,000 - o�` ^� 40,000,000- .10�` cb� �o�^ 30,000,000 — , 20,000,000 10,000,000 0 1999 2000 2001 2002 2003 Yorkville Economic Development Corporation 4th Annual Meeting Program Noon Welcome 12:20PM Full Lunch Buffet Served 12:45PM Introductions: YEDC Chairman, Stan Free United City of Yorkville Mayor, Arthur Prochaska, Jr. YEDC Executive Director, Lynn Dubajic Golden Arrow Awards: Earthmover Credit Union — New Development Peter Lo Destro, D.D.S. — New Development UnionBank — New Development Team Eagle Packaging Systems, Inc. — Business Expansion Accessible Living, Ltd. — Business Expansion / Redevelopment Keynote Speaker: Jack Lavin, Director ` Illinois Department of Commerce & Economic Opportunity 1:30PM Adjourn I i The Yorkville Economic Development Corporation Would like to take this opportunity to share Our Goals & Objectives with you! • Remain focused on the primary mission of commercial & industrial attraction, retention & expansion. • Assist with community preparedness for additional development & expansion. l • Facilitate development of an adequate workforce, to meet the employment needs of Yorkville's industry & business. • Effectively communicate with local industries, businesses, residents, educational & governmental groups. • Create a diversified tax base for Yorkville, while maintaining the challenges of managed growth. • Broaden Yorkville EDC's funding base & mix. To All Yorkville Economic Development Corporation Members and Annual Meeting Sponsors: The Yorkville Economic Development Corporation and the United City of Yorkville have an ambitious set of goals for the upcoming year of 2005. We are continuing our work on attracting a broad spectrum of commercial, service, and industrial users to Yorkville. We will also persist in our work with corporate, academic, and government agencies committed to sustaining an economic development program that creates jobs, and a diversified tax base for Yorkville, while maintaining the challenges of managed growth. Yorkville is a business - oriented community committed to education, healthcare, recreation and overall quality of life. We thank you for your participation in the events that we sponsored during this year. We will continue to reach out to all of you, with new opportunities in the future that will provide educational and training programs, workforce development, financial options and grants, and best practices for the Yorkville business community. It is quite evident that a strong business climate benefits everyone who lives and works in Yorkville. As always, we encourage your input, questions, needs, and concerns on an ongoing basis. It is truly through and with your support and participation we will be able to achieve success in this most important venture. If you are aware of any program that you would like the YEDC to explore, please let us know. Remember that you are always welcome to check with us on any business related topic. We look forward to working with each of you this coming year! Sincerely, Y JX_� Lynn Dubajic Executive Director Yorkville Economic Development Corporation Yorkville Economic Development Corporation Accomplishments & Highlights 2003 -2004 ® On an ongoing basis, made presentations to various local civic, professional and community groups on Economic Development in the community. Ensuring the community is aware of educational opportunities has a far - reaching effect in bolstering the business climate of the community. Continued relationship building with representatives from local, statewide, regional and national groups and organizations, which offer unique opportunities to Yorkville and its diverse and growing business community. ® Moved to new office located at 207 Hillcrest Avenue in Yorkville, during the 2003 Christmas Holiday Season. !� a Sponsored the "YORKVILLE BUSINESS INSTITUTE ", which is a series of four educational workshops. This educational series is a partnership with the Yorkville Area Chamber of Commerce, Aurora University, and Waubonsee Community College. The workshops are available for all YEDC and YACC members at no cost, and focus on issues that are important to all businesses such as marketing, time management, communication skills, strategic planning and goal setting. ® Served as a member of the River Valley Workforce Investment Board, which focuses on the geographical area comprised of Kendall, Kane and DeKalb Counties. This area is in the midst of changes spurred by moderate local growth combined with tremendous regional growth. This Board deals with industries facing critical shortages in the workforce, and focuses on continuous improvement in workforce development in order to strengthen area business and improve overall economic health of the area. ® Participated in the International Council of Shopping Centers "Idea Exchange & Alliance Program ", held in Chicago on February 20 & 25, 2004 as an exhibitor showcasing development opportunities in Yorkville. ® Sponsored Yorkville's "AIMING FOR SUCCESS JOB & CAREER FAIR' on April e, 2004. This event, which was held at the Yorkville High School (new for 2004), saw a total of 39 business participants meet with over 400 perspective employee candidates. Also on hand were training professionals who offered employee candidates educational workshops such as developing resume writing and interviewing skills. This highly successful event will continue to take place on an annual basis. Participated with DCEO (State of Illinois) on an ongoing basis, as a representative of the State at national and international trade shows such as the CoreNet Global Summit on Sunday May 16 2004 at the Hyatt Rivenvalk in Chicago. ® Co-Sponsored an educational seminar on "SSA's" with the United City of Yorkville on April 28 2004. This seminar served as an introduction and explanation of the mechanics of this new financing tool to local realtors and builders, who will be interfacing with SSA's on behalf of their customers and clients. ■ Attended the four -day International Council of Shopping Centers ICSC Spring Convention held May 23` through 26 International PP 9 ( ) P g Y 2004. The event, which took place at the Las Vegas Convention Center, is the largest gathering of real estate and retail professionals in the world. Over 40,000 people attended the Convention including Commercial Developers, Brokers, Retailers and Organizations (such as the YEDC) representing communities. The YEDC utilized this convention to discuss development opportunities with perspective retailers, developers and brokers; and to present information and showcase sites in Yorkville. ® Hosted a special "Open House" event to celebrate and display the YEDC's new office on Thursday June 3` 2004. Over 200 individuals including members, developers, brokers, and well- wishers from throughout the Chicagoland area attended the event. ® The YEDC held its Third Annual Summer Outing on August 27, 2004. A total of 55 individuals enjoyed watching the Chicago Cubs l play the Houston Astros at Wrigley Field. The outing allowed local business and civic leaders, to meet with perspective businesses, developers, and brokers in order to discuss development opportunities in Yorkville. It is the goal of the YEDC to bring the groups together, to provide important and useful information, and to promote the community of Yorkville to those perspective business partners that the YEDC has been working with for the past year. ® Called on over 140 current Yorkville businesses to discuss their needs, issues, and concerns. This establishes an ongoing relationship so that these business owners and decision makers feel the YEDC is a tool and resource for them to use at any time. Currently working with five Yorkville businesses (service, retail and industrial) with plans for expansion in Yorkville. The important relationships formed with local business, allows decision makers to explore options in Yorkville, where needs can be met. ® Called on over 105 developers/brokers, in order to effectively communicate the development opportunities in Yorkville, which will then create vital future endeavors and opportunities. Maintained database to track property and buildings for sale or lease. ® Called on over 110 businesses outside of Yorkville in order to develop relationships for creation of new business to Yorkville. Also established regular contact with these perspective Yorkville businesses. ® Worked with all commercial and industrial developers with issues that occur during development and construction processes. Actively participated with all developers and prospective tenants or prospective out lot purchasers with discussion and information. ® Increased member investors from 115 members to 149 members, which resulted in $23,800 in additional investment dollars to the Corporation. Yorkville Economic Development Corporation Membership As of September 30, 2004 Executive Members And Board of Directors: Castle Bank Yorkville, Stan Free Chairman YEDC United City of Yorkville, Arthur Prochaska, Jr. Vice Chairman YEDC Inland Real Estate, Richard Artman Treasurer YEDC AMG Homes, Inc., Chad Gunderson Secretary YEDC 1 Coldwell Banker Primus Realty, Richard Faltz J Engineering Enterprises, Inc., Jeff Freeman Hamman Property Ventures, Don Hamman HRM Properties & Development, LLC, Harold Oliver MPI Joint Ventures, Arthur Zwemke Old Second Bank - Yorkville, Tom Thomas Provena Mercy Center, Terri Dressel Rush - Copley Medical Center, Nancy Wilson Sexton Companies, Drew Daniels Smith Engineering Consultants, Inc., Jim Hoving UnionBank, Larry Kingston Yorkville Area Chamber of Commerce, Mike Burks Yorkville Community Unit School District #115, Dr. Thomas Engler General Members: Aurora Sign Company, Rick Demski Brenart Eye Clinic, Dr. Nicole Brenart- Zangler Bristol Kendall Fire Protection District, Mike Hitzemann Burks Brothers Drywall, Inc., Michael Burks Burnside Homes, Jeffrey Hyman Cardinal Homes, Inc., Barry Mayworm Caterpillar, Inc., Michael Groff Centex Homes, Kevin Stough Concord Homes Inc., Tom Koenig Dommermuth, Brestal, Cobine & West LTD, John Philipchuck Edward Hospital & Health Services, Sandy Benson FE Wheaton, Jeff Brown Greco - Reggi Yorkville, Barry Reggi H. Linden & Sons Sewer & Water Inc., Linda Linden Harbour Contractors, Inc., Keith Jones Harris Bank, N.A., Ray Gonzalez International Codes Consultants and Inspections, Inc., Barbara Dettmer We would like to thank the membership for their support, participation and investment in Yorkville's business community future. Yorkville Economic Development Corporation Membership As of September 30, 2004 General Members: (continued) J. Alexander Hunt, Inc., Jay A. Keller Kendall County, John Purcell Kimball Hill Homes, Richard J. Young r� Law Office of Daniel J. Kramer, Dan Kramer i ) Law Offices of Dallas Ingemunson, Gregg Ingemunson Lennar Chicago, Inc., Sheri Redmon Martin Plumbing and Heating Company, Tom Martin Meadowbrook Homes, Inc., Aladdin Nassar Meadowvale, Inc., Steve Steinwart Menard, Inc., Jamie Radabaugh Mid - America Investment & Development Company, Tim Bossy Midwest Development LLC, Bruce Sperling Montalbano Homes, Mark Malouf National Shopping Plaza, George Maniates Ocean Atlantic, Mitch LaFave Parkway L.L.C. Commercial & Medical Development, Jim Ratos Property Concepts Inc., Angelo Kleronomos Pulte Homes, Dan Venard Richard Marker Associates, Inc., Clayton Marker Roger's Flooring of Yorkville, LLC, Roger Wanshek Saravanos Properties, L.L.C., Larry Saravanos Schoppe Design Associates, Mike Schoppe SGC Inc., Gary Ciampi Syregelas Properties, Inc., Lobby Syregelas T.J. Adam & Company, Tom Ragauskis Tanglewood Development Corp., Robert Nelson The Windham Group, Carol Ultsch Tim Greyer Builders Inc., Tim Greyer Tucker Development Corp., Fred Heichman UP Development Corporation, Scott Fish Walter E. Deuchler Associates, Inc., John French Weblinx, Inc., Andy Clements William Ryan Homes, Patt Mohapp Wiseman- Hughes Enterprises, Lawrence Vaupel Wrigley Manufacturing, Ron Ream WSPY Radio & TV 30, Beth Pierre Wyndham Deerpoint, Richard Guerard XPAC, Mike Schiltz We would like to thank the membership for their support, participation and investment in Yorkville's business community future. Yorkville Economic Development Corporation Membership As of September 30, 2004 Associate Members: 1st Signature Homes GMAC Real Estate, Nadine Richardson Advanced Physical Medicine of Yorkville, Dr. Brian Berkey Alpha Precision Inc., Jake Brolsma American Family Insurance, Brian Weiss Aurora University, Shawn Green Bay Mortgage, Dan B#ak CARSTAR Yorkville, Dean Fisher Cascade Waterworks Manufacturing Company, Bill Witzel Caywood & Associates, Inc., Mike Burgin Centers for Foot & Ankle Surgery LTD, Dr. Thomas Rappette Century 21 Lemar Realty, Janet Blue Chicago Title Insurance Company, Rich Wagner Chris Mastorakos Chris Valentine Club 47 Health & Fitness, Ron Walker ComEd, Allan Armstrong Crestview Builders Incorporated, Ron Wehrli Designs & Signs by Anderson, Bill Dahl Device Technologies, Inc., Rick Kunzelman Dreyer Medical, John Potter Dynetik, Inc., Erika Beardsley Earthmover Credit Union, Warren "Shoes" Schumacher Edward Jones Investments, Alan Hubbard ERA Tuscany Realty, Gary Cervelli Fox Metro Water Reclamation District, Tom Muth Fox Valley Family YMCA, Becky Morphey Fox Valley Shopping News, Dick Whitfield G.H. Haws & Associates, Scott Haws GRW Enterprises, LLC, Grant Westphal Horton Insurance Agency, Brett Horton Illinois Audio Productions, Chuck Filippi Innovative Information Systems, Inc., Jonathan Smith JML Printing & Graphics, Joe Lorusso John Greene Realtor, Shirley Gombert Kendall County Record, Kathy Farren Kendall Hill Nursery, Kathy Sharp Kendall Printing, Annette Powell Kopy Kat Copier, Inc., John Kaufman Law Office of Melissa Anne Maye, Melissa Anne Maye Law Title Insurance Company, Inc., Peggy Fowler Manpower, Ruth Jones McCue Builders, Inc., Patty Harbin Michael C. Walsh & Associates, P.C., Michael Walsh Midwest Environmental Consulting Services, Inc., Blake Mellecker We would like to thank the membership for their support, participation and investment in Yorkville's business community future. I I Yorkville Economic Development Corporation Membership As of September 30, 2004 Associate Members: (continued) Midwest Executives Real Estate, David Balderas Muellner Construction Inc., Jeff Muellner National City Mortgage, Beth Prickett Net Works Consulting Resources, Inc., Matthew Kaseeska Newlyweds Foods, Dennis Baxter Nicor Gas, Carmen Morales Oak Brook Bank, Philip Olivero Old Coach Works Restorations, Robert Baker Peter Lo Destro, D.D.S., Dr. Peter Lo Destro Pilmer & Barnhart, Attorneys at Law, Bob Pilmer Pond Supplies of America, Gary Wittstock Prime Land Management, LLC, Bill Davis R.G. Romine, Inc., Robert Romine R.C. Wegman Construction Company, Carl Wegman RE /MAX Great American II, Ted Laatz Realty Executives Success, Bruce Steinke Rehannah Enterprises, Inc., Moe Kapadia Saint Joseph Cabinetry & Designs, Greg Millen SBC, Valerie Bruggeman Scott F. Ammons, Inc., Scott F. Ammons State Farm Insurance, Judy Heim Suburban Real Estate Services Inc., Bryan E. Barus TCF National Bank, Sharon Benavides Team Eagle Packaging Systems, Inc., Don Duffy Thomas Alarm Systems, Tom O'Brien Thomas D. Hughes Land Developer, Tom Hughes Thomas W. Grant, Attorney At Law, Tom Grant Valley West Community Hospital, Brad Copple Vesco Reprographic Division of the Straits Co. Inc, Paul Straits Vets Parkway LLC, Peter Kappos Walker Drywall, Inc., Dave Walker Waste Management, Steve Wiegers Waubonsee Community College, Norm Paul Willman & Groesch, Laurel Willman Willson Graphics, Holly Willson Yorkville Dental, Leanore Winn Yorkville Family Practice, Dr. Daniel Sikic Yorkville Kitchen, Bath & Flooring, Inc., Scott Olson Yorkville - Bristol Sanitary District, Ralph Pfister Zeiter- Dickson Insurance, Joel Ottosen We would like to thank the membership for their support, participation and investment in Yorkville's business community future. Biography ®9 @ui? HeVn ®te 4peal?ei?o lack Lavin irect ®r of Illinois Department of Commerce and &@n@m9c Oppor;'RmnMg Jack Lavin, 41, a resident of Chicago's Northwest side for the past sixteen years, has 17 years of experience and a record of job creation and financial management in the Chicago business world and in Illinois state government. He is also an involved community leader, husband and father. He and his wife Kathy have two children: Emily, 8 and Michael, 5. Jack grew up in Elmhurst, in the Chicago suburbs. He graduated from York High School and holds an MBA from the University of Chicago with a specialization in finance and a master's degree in International Relations from the University of Chicago. He also completed a semester of graduate studies at Yonsei University in South Korea. His undergraduate degree, where he finished with magna cum laude honors, is from the University of Illinois at Champaign. Success in business Prior to being named Director of the Illinois Department of Commerce and Economic Opportunity, Jack worked as Chief Financial Officer for Rezko Enterprises, where he was directly responsible for the financial operations, accounting, budgeting, capital planning, banking, new site development and construction of a $100 million dollar company. Rezko Enterprises had over 125 Panda Express and Papa John's Pizza stores primarily in the Midwestern United States. Jack was with Rezko Enterprises for over seven years and helped lead their growth from eight restaurants in 1995 to their current size. Previously, he served in key financial positions at Abbott Laboratories in Puerto Rico and North Chicago, including positions as a financial analyst and cost analyst. Success in government Jack served from 1993 -1995 as Deputy State Treasurer for the State of Illinois, where he was directly responsible for all investment strategies and programs in the Treasurer's $5 billion annual investment portfolio. Prior to that, he was Director of Development Finance for the State Treasurer from 1991 -93. Among Jack's major accomplishments is that he more than tripled the amount of money the State Treasurer invested in economic development from $221 million in 1990 to over $830 million in 1994. The economic development programs he oversaw helped more than 25,000 Illinois families and businesses gain access to credit by investing more than $2 billion in the Illinois economy. These programs helped the office win awards from the National Association of Women Business Owners, the Illinois Coalition for Citizen with Disabilities and the African - American Contractor's Association. During Jack's four years in the State Treasurer's Office, the Treasurer invested money in banks to ensure the banks could make loans to create and expand businesses, including employee - owned, minority -owned and women -owned businesses, and for loans to veterans and rural health clinics. These loans created or retained 7,800 permanent jobs, over 6,000 housing units over 10,000 low -cost, first -time homebuyers' mortgages. During his tenure as Deputy Treasurer, the office won the Government Finance Officers' Association 1994 award for excellence for the Small Business Means Big Business program, which he developed and oversaw. Jack also played a key role in the development and passage of several major bills in the General Assembly to help economic development. Jack wrote, developed and testified on legislation to expand childcare, recycling and worker retraining and create a Capital Access Program in Illinois. In addition, Jack served on the Board of the Prairie State 2000 Authority from 1991 -1995. This Authority was the premier job - training agency for the State of Illinois for retraining already employed workers in the new global economy. YEDC 4TH ANNUAL MEETING SPONSORS: J y O12so -r. . C 11�2"n ) cz C &7-raoanos J10 erlies, LLC p 'goi cs 0ns0_rs.' Comcasl Janerca Jreaol J ara0 Car &)as, J C Jomin(,, 5 12 C. 7z e 90 122 I c12 %OUP L,6 61vo e_r. 6n 012s0 -',S /v Cuslom &yns CounlrJ - 0101.,2 l�urplzr� �nc. eal �slafe no�all��ano��evelopmezzl LL yemcmk Commercla12ea1 Csfale J�c 'Ui4ers1-(el(zll5ocus -Deoelopmenl `.7irsl 3Calional Janvz 011aa)a 3icor -917s .7irsl ,%lace 91?enlal X71TO Jariners, LLC 3oryef- l�e -9Cof .7lozvers ano1 -9:01s Opus Xorlh Gorporalion 3ox Valley 7r-aoiizy Companr� 6 914e .7o�eaJos 5,,i 1 s Jlace Jar & 2eslauranl ,qjoo,1� C,Zeor.. , 01�, Jui4, J onliac, -7,6e J73eacon News eaA6care ofeoelopmenl Jariners 76e ooce Works ✓C.aroelas 2eajrJ Wasle J (Wanayemenl PUBLIC FINANCE CONSULTANTS SINCE 1954 SPEER FINANCIAL, INC. KEVIN W. McCANNA DAVID F. PHILLIPS LARRY P. BURGER DANIEL D. FORBES BARBARA L. CHEVALIER PRESIDENT SR. VICE PRESIDENT VICE PRESIDENT VICEPRESIDENT VICE PRESIDENT March 8, 2005 The Honorable Arthur F. Prochaska, Jr. and Members of the City Council United City of Yorkville Q00 Game Farm Road arkville, Illinois 60560 Dear Mayor Prochaska and City Council Members: Bids were received today for the $3,525,000 General Obligation Bonds (Alternate Revenue Source), Series 2005. There were three bids received which are listed at the bottom of this letter in accordance with the signed bids. Upon examination, it is our opinion that the bid of Harris Trust and Savings Bank, Chicago, Illinois, is the best bid received, and it is further our opinion that the bid is favorable to the City and should be accepted. We therefore recommend that the Bonds be awarded to that bidder at a price of $3,503,321.00, plus accrued interest, being at a true interest rate of 4.1821%. The bidders are listed in alphabetic order as follows: True Account Manaaers Interest Rate Griffin, Kubik, Stephens & Thompson, Inc., Chicago, IL ............................... 4.3877% Harris Trust and Savings Bank, Chicago, IL .............. ............................... 4.1821% Wachovia Bank, National Association, Charlotte, NC .... ............................... 4.2051% Respectfully submitted, j irbara L. Chevalier ` President BLC /rmr Enclosures SUITE 4100.ONE NORTH LASALLE STREET • CHICAGO, ILLINOIS 60602 , (312) 346 -3700 , FAX (312) 346 -8833 SUITE 500.531 COMMERCIAL STREET • WATERLOO, IOWA 50701 • (319) 291 -207.7 • FAX (319) 291 -6787 SPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 SUITE 4100 • ONE NORTH LASALLE STREET • CHICAGO, ILLINOIS 60602 • (312) 346 -3700 • FAX (312) 346 -8833 Insured Investment Rating: Standard & Poor's ... AAA (XL Capital Insured) Underlying Investment Rating: Standard & Poor's ... A- $3,525,000 UNITED CITY OF YORKVILLE Kendall County, Illinois General Obligation Bonds (Alternate Revenue Source), Series 2005 Date of Sale: March 8, 2005 Average Life: 13.069 Years Bond Buyer Index: 4.50 (Based on TIC) True Bidders* Price Maturities Rates Interest ** Harris Trust and Savings Bank, Chicago, IL 99.385% 2009 -2010 3.500% 4.1821% FTN Financial Capital Markets 2011 3.700% $1,926,731.17 Isaak Bond Investments, Inc. 2012 3.850% Northern Trust Securities, Inc. 2013 3.900% The Bankers Bank 2014 -2017 4.000% Bernardi Securities, Inc. 2018 -20 4.200% UMB Bank, N.A. 2022 4.250% Wells Fargo Brokerage Services LLC 2023 4.300% Axelrod Associates, Inc. 2024 4.350% Wachovia Bank, National Association, 99.376% 2009 -2010 3.500% 4.2051% Charlotte, NC 2011 -2018 4.000 % $1,937,066.11 2019 4.125% 2020 4.200% 2021 4.250% 2022 4.300% 2023 4.375% 2024 4.400% Griffin, Kubik, Stephens & Thompson, Inc., 99.381% 2009 -2015 4.000% 4.3877% Chicago, IL 2016 4.100% $2,022,253.98 2017 4.250% 2018 4.300% 2019 4.375% 2020 -2021 4.400% 2022 4.500% 2023 4.600% 2024 4.625% *Syndicate information is provided by the underwriter. The information contained in this report is the most current available. * *The true interest rate reflects the time value of money where dollars spent in early years have a greater weight than dollars spent in a later years. OFFICIAL BID FORM United City of Yorkville March 8, 2005 800 Game Farm Road Speer Financial, Inc. Yorkville, Illinois 60560 Facsimile: (312) 346 -8833 City Council Members: For the $3,525,000 General Obligation Bonds (Alternate Revenue Source), Series 2005, of the United City of Yorkville, Kendall County, Illinois, as described in the annexed Official Notice of Sale, which is expressly made a part of this bid, we will pay you ,. 66 (no less than $3,503,000) plus accrued interest from March 15, 2005, to the date of delivery for Bonds bearing interest as follows (each rate a multiple of 1/8 or 1/20 of 1'%). MATURITIES — DECEMBER 1 $165,000 ............2009 2 9 % $195,000 ..............2014 / 0 % $245,000 ........... 2020 ��o % 170,000 ............ 2010 . Sb % 200,000 .............. 2015 1 /, 0 % 260,000 ........... 2021 r / ..�(� � 175,000 ............ 2011 3' �D '� 210,000 .............. 2016 % 275,000 ........... 2022 fZ�5 $ 180,000 ............2012 220,000 ..............2017 U 285,000 202 185,000 ............2013 .3 225,000 ..............2018 % 300,000 ........... 2024 T % 235,000 .............. 2019 �O % Any consecutive maturities may be aggregated into no more than three term bonds at the option of the bidder, in which case the mandatory redemption provisions shall be on the same schedule as above. Maturities: Term Maturity Maturities: Term Maturity Maturities: Term Maturity The Bonds are to be executed and delivered to us in accordance with the terms of this bid accompanied by the approving legal opinion of Chapman and Cutler LLP, Chicago, Illinois. The City will pay for the legal opinion. The underwriter agrees to apply for CUSIP numbers within 24 hours and pay the fee charged by the CUSIP Service Bureau and will accept the Bonds with the CUSIP numbers as entered on the Bonds. As evidence of our good faith, we enclose herewith a check or Surety Bond payable to the order of the Treasurer of the City in the amount of TWO PERCENT OF PAR (the "Deposit ") under the terms provided in your Official Notice of Sale. Attached hereto is a list of members of our account on whose behalf this bid is made. Form of Deposit Account Manager Information Check One: Name Harris Trust a Savings Bank Certified /Cashier's Check Financial Surety Bond [ j Address v I 4 Amount: $70,500 By The above Certified /Cashier's Check was returned and received City C\-,XC A I, j State /Zip Q �' By: Direct Phone Check Number: FAX Number ( ) IAA,\ —?�F.6 p E -Mail Address The foregoing bid was accepted and the Bonds sold by ordinance of the City on March 8, 2005, and receipt is hereby acknowledged of the good faith Deposit which is being held in accordance with the terms of the annexed Official Notice of Sale. UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS Mayor --------------- - --- -° NOT PART OF THE BID ----------------------- (Calculation of true interest cost) Gross Interest $ / �D 6_ 1 Q /7 Less Premium/Plu iscount $ True Interest Cost $ True Interest Rate % TOTAL BOND YEARS I 46,066.67 II AVERAGE LIFE I 13.069 Years �I MAR 1 2005 YORKVILLE, IL 3 1 05 $3,525,000 UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS G.O. BONDS (ALTRNATIVE REVENUE SOURCE) Bracket 1 U/W Code Name -------------------------------------------------------------------------------- HARRISTR Harris Trust and Savings Bank ---------------------------------------------------------------------------- Manager Bracket 2 U/W Code Name FTNFINAN FTN Financial Capital Markets ISAAKBON Isaak Bond Investments, Inc NORTHERN Northern Trust Securities, Inc. 3 Members ------ - - - - -- I i Bracket 3 U/W Code Name ---------------------------------------------------------------------_----------- BANKERSB The Bankers Bank BERNARDI Bernardi Securities, Inc. U - 9ANKN UMB Bank, N . A. �LV SFMN Wells Fargo Brokerage Services LLC -------------------------------------------------------------------------------- 4 Members Bracket 4 U/W Code Name -------------------------------------------------------------------------------- AXELRODA Axelrod Associates, Inc. -------------------------------------------------------------------------------- 1 Member 9 total members in deal. United City of Yorkville, Kendall County, Illinois $3,525,000 General Obligation (Alternate Revenue Source), Series 2005 Final Debt Service Schedule Part 1 of 2 Date Principal Coupon Interest Total P +I Fiscal Total, 03/15/2005 - - 12/01/2005 101,594.67 101,594.67 101,594.67 06/01/2006 71,433.75 71,433.75 - 12/01/2006 - 71,433.75 71,433.75 142,867.50 06/01/2007 71,433.75 71,433.75 - _ 12/01/2007 71,433.75 71,433.75 142,867.50 06/01/2008 71,433.75 71,433.75 - 12/01/2008 71,433.75 71,433.75 142,867.50 06/01/2009 - 71,433.75 71,433.75 - 12/01/2009 165,000.00 3.500% 71 236,433.75 307,867.50 06/01/2010 - - 68,546.25 68,546.25 - 12/01/2010 170,000.00 3.500% 68,546.25 238,546.25 307,092.50 06/01/2011 - - 65,571.25 65,571.25 - 12/01/2011 175,000.00 3.700% 65,571.25 240,571.25 306,142.50 06/01 /2012 - - 62,333.75 62, 333.75 .._.__.._.... -- ... - ...........- - ......__.- _._.... ...- - _- ........ -- --......_._.......__... ._..._......_...._..._.._.....- .... _...._....._......_......__.._ . _ ........... .- ._....._..--- .....- --- ....... 12/01/2012 180,000.00 3.850% 62,333.75 242,333.75 304,667.50 06/01/2013 - 58,868.75 58,868.75 - 12/01/2013 185,000.00 3.900% 58,868.75 243,868.75 302,737.50 06/01/2014 - - 55,261.25 55,261.25 - 12/01/2014 195,000.00 4.000% 55,261.25 250,261.25 305,522.50 06/01/2015 - - 51,361.25 51,361.25 - 12/0112015 200,000.00 4.000% 51,361.25 251,361.25 302,722.50 06/01/2016 - - 47,361.25 47,361.25 - 12/01/2016 210,000.00 4.000% 47,361.25 257,361.25 304,722.50 06/01/2017 43 161.25 _ .. 43,161.25 _ 12/01/2017 220,000.00 4.000% 43 263,161.25 306,322.50 06/01/2018 - - 38,761.25 38,761.25 - 12/01/2018 225,000.00 4.200% 38,761.25 263,761.25 302,522.50 06/01/2019 - 34,036.25 34,036.25 - ` ! 1 12/01/2019 235,000.00 4.200% 34,036.25 269,036.25 303,072.50 - 06/01/2020 - - 29,101.25 29,101.25 12/01/2020 245,000.00 4.200% 29,101.25 274,101.25 303,202.50 06/01/2021 - - 23,956.25 23,956.25 - 12/01/2021 260,000.00 4.200% 23,956.25 283,956.25 307,912.50 06 /01 /2022 - - ..........._ 18 .. 496.25 18 . , . 49 .. 6 _.. 2 _ 5 _..... .......... ... _ ........ __. - ......_.......__.. _._..._._. -. __. ....__._......._- ....__......._ ....... ............... ........._......- ......_........ - ......__..... -_.... _......._. ...._._........- --..................__ ...__ ................. _..- ........_ .... ......__.........._._.. - - -- 12/01 /2022 275,000.00 4.250% 18,496.25 293,496.25 311,992.50 06/01/2023 - - 12,652.50 12,652.50 12/01/2023 285 4.300% 12,652.50 297,652.50 310,305.00 06/01/2024 - - 6,525.00 6,525.00 - 12 /01/ 2024 300,000.00 4.350 % 6,525.00 306,525.00 .. _ . 313,050.00 o -- --- -- - -- -- — _._...... - - - -- - - - -- -- - ---- 0 Total $3,525,000.00 - $1,905,052.17 $5,430,052.17 Series 2005 -Final I SINGLE PURPOSE 1 3/ 8/2005 1 10:28 AM Speer Financial, Public Finance Consultants Since 1954 Page United City of Yorkville, Kendall County, Illinois $3,525,000 General Obligation (Alternate Revenue Source), Series 2005 Final Debt Service Schedule Part 2 of 2 Yield Statistics Bond Year Dollars $46 066 67 Aver 13 . 069 on .............._....... ....... -- .............. _ ... —.........._........._.... _ ...... _ ... _ ....... _ .... _ ........ -- ......... - ..... ..... ............ .... __....._....._....._.._.....--- Ave-- ------- .._.._._..._._.- - - - -- -... _.._...._......._ 44% rage_C. uP_.... ._._.__.._........_...._._...._ ....._.. -- - -- ....._....._.....__..._._.. -- - -... -- ._.._._... - - -- -- - ..Net Cost Q ._._... _._....._...--__ _..._.._.-- ___._.._.._..__..... TrueInterest Cost (TIC) oses ___.._.__..-...._....._........_.._.._.._____. .__......._.__.._......._._.___ __.__..__.__.._. ___.__._.__.._..__...___.___... - 4.1891648% BondYield for Arbih ag-- _.!P.. - - ___..... _ ..... - - - -- -- ....— ..... -- __ - _- .....- - - - - -- -----_._. ._._....._._....----- -- -- All Inclusive Cost (AIC) 4.1821156% _...._.......__.._...... - - - -- --._._.._.....__..__..._... .................---..._......_..........__._...__......_..........._ _._....._.__........._.__._.... _.._......_...----........-_.--.._..._...._.._._...--- ...__.............._._..._.... - .......- ....._._._.._._._.. IRS Form 8038 Net Interest Cost 4.1354244% _..__....._.__.... -- -- ._._...._....__... .__........_...--- ._..._.... - -- - .._ ._..... - -- — -- ... - - -- - - -- -- -- - - - - -- —._..- -- - ..._.. --- - -- --- -- - - Weighted Average Maturity 13.069 Years I Series 2005 - Final I SINGLE PURPOSE 1 3/ 8/2005 1 10:28 AM Public Speer Financial, Inc. • 1954 Publication date: 15- Feb -2005 Reprinted from RatingsDirect Summary: United City of Yorkville, IL Primary Credit Analyst(s): Ryan M Brady, New York (1) 212 438 -2123; ryan_brady@standardandpoors.com Secondary Credit Analyst(s): Jeffrey Panger, New York (1) 212 -438 -2076; ieff_panger®standardandpoors.com Rationale ; 0 2 e�,ltP.rptiia Y - The 'A -' rating on United City of Yorkville, Ill.'s GO bonds (sales tax alternate "' -mtlQ bnd�s:.(ea),ee revenue source) series 2005, reflects the GO pledge of the city. �is�ajl>�:n:te7evgter "�S7DG dtti D�/1�J2QDu dab: - _,11Q1f2QD9j2D14; The ratings additionally reflect the city's: • Proximity to the strong DuPage County area economy, Af f RMF • Above - average income and wealth levels, and ytstall ng 00'bn_d .(afterriq rev source)` . Sound financial position. p (S►11R9 Qulolaridiho4bot nert» A high debt burden and looming growth pressures offset the above strengths. OUT4Q k: STAJXE The series 2005 bonds are altemate revenue source bonds payable from sales tax revenues. Sales tax revenues must provide for 1.25x debt service on the bonds and all parity alternate revenue source bonds. Additional security is provided by the village's full faith and credit pledge to levy property taxes should the alternate revenue source be insufficient. Yorkville is a non -home rule jurisdiction, situated in Kendall County, southwest of Aurora, III. ('AA' GO rating) and Naperville, III. ('AAA' GO rating). The city has seen relatively significant population increases, due to the combination of the high demand for affordable residential development in the area and numerous annexations. Population grew to 8,749 in 2003 from 6,189 in 2000, a 41.3% increase in three years. The city is poised for considerable development, as growth from Chicago, III. pushes westward. Management estimates that future annexations and continued strong demand for new houses will drive the population to at least 25,000 by 2010. Assessed value (AV) has had solid gains in recent history, growing 22% in fiscal 2003 and fiscal 2002, to a current $201 million. Before fiscal 2002, the tax base had increased an average of 5 %, annually since fiscal 1996. Because the city is non -home rule, it is subject to statutory tax caps, limiting its levy- raising ability net of new construction; however, these limitations are tempered by a rapidly growing tax base. In addition, when the city reaches a population of 25,000, expected within the next five years, the city will achieve home -rule status, increasing taxing and borrowing capacity. Residents commute to jobs in Kane and DuPage counties ('AA' and 'AAA' GO ratings, respectively). Major area employers include: • Harper -Wyman Co., Appliance Control Group, thermostatic controls (1,400 employees); • Waubonsee Community College (750); and • Lyon Metal Products, steel storage equipment (600). Despite access to a wide variety of employment opportunities, the city's unemployment rate typically exceeds state and national averages. In 2003, the city's unemployment rate averaged 8.9 %, which was high compared to the state (6.0 %) and national (6.7 %) levels. Although more recent figures are unavailable for the city, through June 2004, strong employment growth improved the county's unemployment rate (5.8 %), and it is now on par with the nation. Income levels are above average. Median household income levels for Yorkville are 124% and 134% of state and national averages, respectively. An above - average market value per capita ($71,055) paints an accurate picture of the wealth levels in the township, as the tax base is predominantly residential. Outlook The stable outlook reflects the expectation that the city will maintain structural balance as capital needs rise from growth. Finances & Debt The city's financial position remains healthy in light of rapid population growth j that is expected to translate into capital pressures on the city and other local jurisdictions, potentially leading to a higher debt burden as new school, library, and park facilities are built to serve the larger population. At fiscal year -end 2004 (April 30), the unreserved general fund balance stood at $1.4 million, or a sound 23.8% of operating expenditures, up from the previous fiscal year when it totaled $955,000, or 17.4% of operating expenditures. The influx of new residents into the city has increased license, permit, and fee revenues by more than five times over a four -year period to $1.8 million in fiscal 2004 from $342,000 in fiscal 2001. Additionally, sales tax revenues have increased to $1.9 million from $1.0 million over the same time frame. Continual growth of these revenue streams in conjunction with higher -than- anticipated property taxes revenues due to new residential construction has lead management to expect that financial operations will generate a surplus in fiscal 2005, despite state - shared revenue cuts. The city relies on state distributions of sales and income tax revenues (35 %) and property taxes (20 %) as its primary operating revenue sources. Based on 2003 special census results, management expects the city to realize an additional $200,000 of income tax revenues in fiscal 2005, as the state's income tax distribution is population driven. However, despite the city's proactive approach to setting appropriate staffing levels and Improving processes to accommodate heightened service needs, staffing costs are j expected to significantly rise in the future, potentially offsetting gains related to population growth. The city's overall debt burden is high at $7,378 per capita and 10.4% of market value. However, these ratios are somewhat inflated because included is $26.3 million special assessment debt that is not borne by the entire population. If this debt is excluded, overall net debt is significantly lowered to $4,319, or 6.1 %. Debt - service carrying charges are moderate at 8% of expenditures, and amortization of outstanding debt is average, with 45% of outstanding principal maturing within 10 years. The city maintains a six -year (2004 -2009) capital improvement plan (CIP) totaling $54.0 million. The CIP is relatively evenly distributed among water, sewer, and street projects, with the bulk of the projects planned for the first four years. Despite the relatively large size of the CIP, management does not intend to raise the necessary funds through debt financing. Instead, the city is expecting to be able to use monies previously raised through the issuance of debt certificates, future water system connection fees, funding from developers, motor fuel taxes, and a small portion of the general fund balance, to fund various capital projects. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web -based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpGors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. • �rei�c ;aQUrca >af reel kfrrtrl, VYfatz »ad ar r�filn��r[ that -�8�► years �� pr�vf8w ti�1s �1y�t�mia ��► �[���r�aE �r1�tt �'f i � �� , F�atrl�sDitat Vlleti site at tatandardarldpors�fm7rat Published by Standard & Poors, a Nvislon of The M Companies, Inc. Executive offices: 1221 Avenue of the Amaricas, New York, NY 10020. Editorial offices: 55 Water Street, New York, NY 10041. Subscriber services: (1 ) 212438 -7280. Copyright 2005 by The McGraw -Hill Companies, Inc. Reproduction In whole or in part prohibited except by permission. All rights reserved. Information has been obtained by Standard & Poor s from sources believed to be reliable. However, because of the possibility of human of mechanical error by our sources, Standard & Poor's or others, Standard & Poor's does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or the result obtained from the use of such Information. Ratings are statements of opinion, not statements of fact or recommendations to buy, hold, or sell any securities. r e r ix. M *_- a I I I I I PUBLIC FINANCE CONSULTANTS SINCE 1954 SPEER FINANCIAL, INC. KEVIN W. McCANNA DAVID F. PHILLIPS LARRY P. BURGER DANIEL D. FORBES BARBARA L. CHEVALIER PRESIDENT SR. VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT March 8, 2005 Mayor and City Council United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Attention: Ms. Traci Pleckham, Finance Director Re: Coverage Analysis for $3,525,000 General Obligation Bonds (Alternate Revenue Source), Series 2005 Dear Members of the City Council: As you requested, Speer Financial, Inc. has prepared the report attached hereto as Exhibit A. This report is based upon information supplied by the United City of Yorkville (the "City ") as to the revenues from the sales taxes received by the City pursuant to the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailer's Occupation Tax Act (the "Pledged Revenues "). Based solely upon such information and such assumptions, the report demonstrates the sufficiency of the City's Pledged Revenues to provide an amount not less than 1.25 times debt service of the above - referenced bonds (the "Bonds ") as required by the Local Government Debt Reform Act, P.A. 85 -1419, as amended (the "Act "). Speer Financial, Inc. is not a legal or accounting firm, and accordingly does not express any legal or accounting interpretations or conclusions in this report. This report is not a guarantee of the sufficiency of the Pledged Revenues to pay debt service on the Bonds. Speer Financial, Inc. hereby certifies that it is a feasibility analyst having a national reputation for expertise in such matters within the meaning of the Act. Speer Financial, Inc. is a nationally recognized firm of employee -owned municipal finance consultants. Since our founding in 1954, we have participated in the sale of over $13.0 billion in taxable and tax- exempt securities as general obligation bonds, revenue bonds, refunding bonds, tax increment bonds and special service area bonds. Attached hereto as Exhibit B is a list of the bond issues completed by Speer Financial, Inc. in the calendar year 2004. Sincerely, SPEER FINANCIAL, C. r� Barbara L. Chevalier Vice President Enclosures Copy to: Kelly K. Kost, Esq., Chapman and Cutler LLP SUITE 4100.ONE NORTH LASALLE STREET • CHICAGO, ILLINOIS 60602 • (312) 346 -3700 • FAX (312) 346 -8833 SUITE 500.531 COMMERCIAL STREET • WATERLOO, IOWA 50701 a (319) 291 -2077 • FAX (319) 291 -6787 EXHIBIT A -1 United City of Yorkville, Kendall County, Illinois $3,525,000 General Obligation (Alternate Revenue Source), Series 2005 Final Debt Service Schedule Part' of 2 Date Principal Coupon Interest Total P +I Fiscal Total 03/15/2005 - - 12/01/2005 - - 101,594.67 101,594.67 101,594.67 06/01/2006 - - 71,433.75 71,433.75 - 12/01 /2006 - - 71,433.75 71,433.75 142,867.50 06/01/2007 - - 71,433.75 71,433.75 - __....._._..._......._..._...._._ ...— .._ .. ._ . _ . _ ..__ _ . 12/01 /2007 71,433.75 71,433.75 142,867.50 06/01/2008 - 71,433.75 71,433.75 - 12/0l/2008 - - 71,433.75 71,433.75 142,867.50 06/01/2009 - - 71,433.75 71,433.75 - 12/01/2009 165,000.00 3.500% - 71,433.75 236,433.75 307,867.50 06/01/2010 - - 68,546.25 68,546.25 - 12/01/2010 170,000.00 3.500% 68,546.25 238,546.25 307,092.50 06/01/2011 - - 65,571.25 65,571.25 - 12/01/2011 175,000.00 3.700% 65,571.25 240,571.25 306,142.50 06/01/2012 - 62 333.75 .. 62,333.75 - 12/01/2012 180,000.00 3.850% 62,333.75 242,333.75 304,667.50 06/01/2013 - - 58,868.75 58,868.75 - 12/01/2013 185,000.00 3.900% 58,868.75 243,868.75 302,737.50 06/01/2014 - - 55,261.25 55,261.25 - 12/01/2014 195,000.00 4.000% 55,261.25 250,261.25 305,522.50 06/01/2015 - - 51,361.25 51,361.25 - 12/01/2015 200,000.00 4.000% 51,361.25 251,361.25 302,722.50 06/01/2016 - - 47,361.25 47,361.25 - 12/01/2016 210,000.00 4.000% 47,361.25 257,361.25 304,722.50 06 /01 /2017 - - 43,161.25 43,161.25 _.... .......... ......... -- ............._...._._.... _........_._...._.._..._._....- - --._........_..._...__......_.__......._....._......._............__..._..... o .............. ._........._._......_.......... _.._ ..... _..._...__. ......_...__._...._...._._.._.. -....__.._.. ....__._..........._...__. 12/01/2017 220,000.00 4.000% 43,161.25 263,161.25 306,322.50 06/01/2018 - - 38,761.25 38,761.25 - 12/01/2018 225,000.00 4.200% 38,761.25 263,761.25 302,522.50 06/01/2019 - - 34,036.25 34,036.25 - 12/01/2019 235,000.00 4.200% 34,036.25 269,036.25 303,072.50 06/01/2020 - - 29,101.25 29,101.25 - 12/01/2020 245,000.00 4.200% 29,101.25 274,101.25 303,202.50 06/01/2021 - - 23,956.25 23,956.25 - 12/01/2021 260,000.00 4.200% 23,956.25 283,956.25 307,912.50 06/01/2022 - - 18,496.25 18,496.25 - - -... - — 12/01/2022 275,000.00 4.250% 18,496.25 293,496.25 311,992.50 06/01 /2023 - - 12,652.50 12,652.50 - 12/01/2023 285,000.00 4.300% 12,652.50 297,652.50 310,305.00 06/01/2024 - - 6,525.00 6,525.00 - 12/01/2024 300 000.00 4.350 %_ ..__.....__._ .. _. _....__._._6, 525 ;00 306,525.00 ___ -- ...... _ . _ 313,050.00_ Total $3,525,000.00 - $1,905,052.17 $5,430,052.17 Series 2005 - Final I SINGLE PURPOSE 13/ 8/2005 1 11:14 AM Speer Public Consultants Since 1954 .•- EXHIBIT A -1 United City of Yorkville, Kendall County, Illinois $3,525,000 General Obligation (Alternate Revenue Source), Series 2005 Final Debt Service Schedule Part 2 of 2 Yield Statistics Bond Year Dollars _$46,066. _.. __..._..__....__._...- -- ....._.. - -- -- .._... - _..... __....__..._._..._.._.._.. - - ..__.. ._._......_..- ..__...___.._.... - - - - -- ..._.. - _ - - - -- - - -- - - -- - -- - - - - - - -- - — 13.069 Years Average_Life _....- _- ...._.........__...- .._..__ -- --_ _._.__._....----- _...__...._ -_. 4.1354244% .__._........ _......__._...._......._....._ . Average_ Coupon.._ . ..... ........ ...... ........... -- - - - -- _._......_... - - - -- - - ._._......_...__..__...— -- _....__._._._._.._......_.... - - .... - -- ._...__......._._.._.... - -- Net Interest Cost NIC 4.1824845% True Interest Cost (TIC) 4.1821156% _ ... .... ...... _.._.......___......_ _ _._..._ ........ _._.. -- Bond Yield for Arbitrage Purposes _ - _. 4.1191 All Inclusive Cost (AIC) 4.1821 1156% 56% IRS Form 8038 Net Interest Cost 4.1354244% ..... — .._.... _ _......._... Weighted Average Maturity 13.06 ears I i I I Series 2005 - Final I SINGLE PURPOSE 1 3/8/2005 1 11:14 AM Speer Financial, Inc. Public Finance .g Consultants EXHIBIT A -2 United City of Yorkville, Kendall County, Illinois Projected Debt Service Coverage Table Sales Tax Alternate Revenue Source Bonds (This Issue Only) Net Revenue Available Debt Mandatory for Debt Total Service Coverage Remainder Year Service (1) Debt Service(2) Coverage Amounts(3) Available(4) 2005 ............. $1,892,287 $ 101,595 18.63 x $ 126,993 $ 1,765,294 2006 ............. 1,892,287 142,868 13.25 x 178,584 1,713,703 2007 ............. 1,892,287 142,868 13.25 x 178,584 1,713,703 2008 ................ 1,892,287 142,868 13.25 x 178,584 1,713,703 2009 ................ 1,892,287 307,868 6.15 x 384,834 1,507,453 2010 ................ 1,892,287 307,093 6.16 x 383,866 1,508,421 2011 ................ 1,892,287 306,143 6.18 x 382,678 1,509,609 2012 ................ 1,892,287 304,668 6.21 x 380,834 1,511,453 2013 ................ 1,892,287 302,738 6.25 x 378,422 1,513,865 2014 ................ 1,892,287 305,523 6.19 x 381,903 1,510,384 2015 ................ 1,892,287 302,723 6.25 x 378,403 1,513,884 2016 ................ 1,892,287 304,723 6.21 x 380,903 1,511,384 2017 ................ 1,892,287 306,323 6.18 x 382,903 1,509,384 2018 ................ 1,892,287 302,523 6.26 x 378,153 1,514,134 2019 ............. 1,892,287 303,073 6.24 x 378,841 1,513,446 2020 ............. 1,892,287 303,203 6.24 x 379,003 1,513,284 2021 ............. 1,892,287 307,913 6.15 x 384,891 1,507,396 2022 ................ 1,892,287 311,993 6.07 x 389,991 1,502,296 2023 ................ 1,892,287 310,305 6.10 x 387,881 1,504,406 2024 ................ 1,892,287 313,050 6.04 x 391,313 1,500,975 $ 5,430,052 Notes: (1) Based on the City's 2004 fiscal year report. (2) This issue only. (3) Equal to the mandatory 125% rate covenant. (4) Remainder available after deducting mandatory coverage amount. STATEMENT 2 +_ mx - -: EXHIBIT ?13 UNITED CITY OF YORKVILLE, ILLINOIS COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES w For the Year Ended April 30, 2004 GENERAL SPECIAL DEBT CAPITAL TOTAL FUND REVENUE FUNDS SERVICE FUND PROJECTS FUND (MEMORANDUM ONLY) ` REVENUES !_ Property Taxes $ 1,292,378 S 267,876 S - S - S 1,560,254 Sales Tax 1,892,287 - - 1,892,287 Income Tax 408,429 - - - 408,429 Motor Fuel Tax - 199,973 - - 199,973 Utility Tax 459,677 - - - 459,677 -` Other Taxes 506,481 - - 506,481 Sewer Maintenance Fees - 370,229 - - 370,229 Licenses, Permits & Fees 1,776,546 694,901 641,305 3,112,752 Fines 70,808 3,237 - 74,045 Fees for Services - 237,580 - 237,580 Deviation Fees - 336,700 - 336,700 Investment Income 8,161 10,897 - 60,550 79,608 - Other Revenue 8,396 232,195 147,752 - 388,343 Contributions - 12,988 - - 12,988 Connection Fees - 88,040 - 3,290,453 3,378,493 Grants 63,610 236,793 - - 300,403 TOTAL REVENUES 6,486,773 2,691,409 147,752 3,992,308 13,318,242 EXPENDITURES Current: General Government 2,759,717 - 1,149,732 3,909,449 Public Safety 1,754,666 - - - 1,754,666 Streets & Sanitation 1,237,686 108,558 - 4,621,296 5,967,540 Culture & Recreation - 1,120,823 - - 1,120,823 Sewer Maintenance - 159,441 - - 159,441 Capital Outlay - 446,255 - - 446,255 Land Acquisition - 351,928 - - 351,928 Debt Service: Principal - 50,000 593,337 643,337 - Interest - 25,042 165,433 - 190,475 TOTAL EXPENDITURES 5,752,069 2,262,047 758,770 5,771,028 14,543,914 Excess (deficiency) of revenues over expenditures 734,704 429,362 (611,018) (1,778,720) (1,225,672) OTHER FINANCING SOURCES (USES) Debt Proceeds - 46,000 - 11,935,000 11,981,000 Accrued Interest on Bonds - - 9,732 9,732 Premium on Bonds - - - 80,400 80,400 Operating Transfers In 598,178 869,855 618,115 254,874 2,341,022 Proceeds from Sale of Assets - - 140,410 140,410 Operating Transfers Out (906,028) (242,907) - (2,309,695) (3,458,630) TOTAL OTHER FINANCING SOURCES (USES) (307,850) 672,948 618,115 10,110,721 11,093,934 Excess (deficiency) of revenues over expenditures and other sources (uses) 426,854 1,102,310 7,097 8,332,001 9,868,262 I i Fund Balances at beginning of year 1,016,448 1,280,422 8,443 3,134,304 5,439,617 Fund Balances at end of year $ 1,443,302 S 2,382,732 $ 15,540 $ 11,466,305 S 15,307,879 i The accompanying notes to the financial statements are an integral part of this statement. 5 SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES 2004 EXHIBIT B Investment Issue Type of 'Date # of Net/True Interest Rate Last Issuer Ratin Size Securitv of Sale Bidders Low Bid Hiah Bid Maturitv 1 Fox Valley PD, IL N/R 2,139,035 G.O. Limited Tax Park 12 -Jan 6 1.1200% 1.9500% 2004 2 Riverside /Brookfield THSD, IL MIG1 1,500,000 G.O. Limited Tax 13 -Jan 3 1.1203% 1.2470% 2004 3 Cary PD, IL A3 5,000,000 Debt Certificates 15 -Jan 4 4.3580% 4.5882% 2021 4 Downers Grove PD, IL Aaa(Ins) /Aa3 1,560,000 G.O. Refunding 15 -Jan 6 1.3663% 1.7230% 2006 5 Downers Grove PD, IL Aaa(lns) /Aa3 6,425,000 G.O. Ref Alt Rev Park 15 -Jan 4 3.3010% 3.4696% 2019 6 Berkeley, IL AAA(Ins) /A 2,500,000 G.O. 20 -Jan 3 3.8273% 3.9813% 2023 7 Franklin Park, IL N/R 14,865,000 G.O. Alt Rev 20 -Jan Neg 4.8450% 2034 8 Franklin Park, IL N/R 20,135,000 G.O. Ref Alt Rev 20 -Jan Neg 4.0750% 2022 9 Robins, IA N/R 350,000 G.O. Public Safety Facility 20 -Jan 4 3.3369% 3.4865% 2014 10 Lockport Township PD, IL AAA(Ins) /A 4,000,000 G.O. Limited Tax Park 26 -Jan 9 2.5300% 2.7188% 2011 11 Fox Valley PD, IL Al 2,080,000 G.O. Ref Alt Rev 26 -Jan Neg 2.0847% 2008 12 Bartlett PD, IL N/R 190,460 G.O. Limited Tax Park 27 -Jan 5 1.3759% 2.3940% 2004 13 Mt. Prospect PD, IL N/R 2,265,000 ICC Ref 27 -Jan Neg 2.6225% 2009 14 Bloomingdale PD, IL N/R 476,860 G.O. Limited Tax Park 2 -Feb 2 1.4500% 2.5669% 2004 15 Kane FPD, IL AAA(Ins) /AA 45,770,000 G.O. Ref 3 -Feb 6 3.7616% 3.8216% 2020 16 Decatur PD, IL N/R 300,000 G.O. Airport 4 -Feb 3 1.3835% 1.5958% 2004 17 Decatur PD, IL N/R 2,550,650 G.O. Park 4 -Feb 7 1.5460% 1.6834% 2005 18 Coulter, IA N/R 39,000 Spec Asses St Improv 4 -Feb Neg 4.8859% 2013 19 Montrose, IA N/R 470,000 G.O. Sewer Improvement 5 -Feb 4 3.5266% 4.3079% 2019 20 Oak Forest PD, IL N/R 600,000 Debt Certificates 9 -Feb Neg 2.7006% 2009 21 Latimer, IA N/R 505,000 G.O. Corporate Purpose 11 -Feb Neg 4.6258% 2018 22 Winfield PD, IL N/R 350,000 Debt Certificates 17 -Feb 6 2.2200% 3.9328% 2009 23 Glen Ellyn PD, IL N/R 1,185,400 G.O. Limited Tax Park 17 -Feb 7 1.4231% 2.8227% 2005 24 River Trails PD, IL N/R 734,845 G.O. Limited Tax Park 19 -Feb Neg 1.4000% 2004 25 Lisle PD, IL N/R 586,310 G.O. Limited Tax Park 19 -Feb 6 1.4579% 2.8000% 2005 26 Palos Hills, IL AAA(Ins) /A 2,050,000 Debt Certificates 19 -Feb 7 3.0331% 3.1913% 2014 27 Des Plaines PD, IL N/R 2,325,000 G.O. Ref Park 24 -Feb 6 1.4423% 1.6494% 2005 28 Yorkville, IL BBB+ 1,600,000 Debt Certificates 24 -Feb 4 2.9816% 4.3130% 2014 29 Yorkville, IL AAA(Ins) /A- 3,500,000 G.O. (Alt Rev) 24 -Feb 5 3.6147% 4.0125% 2018 30 Beach Park, IL N/R 450,000 SSA No.Two Special Tax 24 -Feb Neg 5.4216% 2013 31 Lombard PD, IL N/R ' 1,454,775 G.O. Limited Tax Park 24 -Feb 5 1.5096% 2005 32 Blue Island PD, IL N/R 163,680 G.O. Limited Tax Park 26 -Feb Neg 2.4100% 2006 33 Gurnee, IL Aa2 /AA+ 3,140,000 G.O. Refunding 1 -Mar Neg 3.2480% 2015 34 Grundy Cry Mem Hosp, IA N/R 4,025,000 Hospital Revenue Bonds 2 -Mar Neg 4.3258% 2011 35 Waukegan, IL Aaa(Ins) /A2 8,245,000 Parking Fees /Sales Tax Rev 15 -Mar 4 3.8691% 3.9868% 2024 36 Waukegan, IL Aaa(Ins) /A1 9,450,000 Taxable G.O. 15 -Mar 10 3.0950% 3.3816% 2008 37 Decatur, IL Aaa(Ins) /A1 12,245,000 G.O. 15 -Mar 4 3.9327% 4.0259% 2025 38 Decatur, IL Aaa(Ins) /Al 29,070,000 G.O. Ref 15 -Mar 5 3.9449% 4.0798% 2025 39 Joliet, IL AAA(Ins) /A+ 25,000,000 WW & Sewerage Rev 16 -Mar 5 3.4783% 3.5611% 2016 40 Elmhurst, IL N/R 17,860,000 Warrant Agreement 23 -Mar Neg 6.0600% 2021 41 W. DesMoines Waterworks, IA Aaa(Ins) /A1 5,415,000 Water Rev Ref 31 -Mar 2 3.6670% 3.7148% 2016 SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES 2004 EXHIBIT B Investment Issue Type of Date # of Net/True Interest Rate Last Issuer Ratin Size Securitv, of Sale Bidders Low Bid Hiah Bid Maturi 42 Bloomingdale PD, IL A+ 4,000,000 G.O. Park (Alt) 5 -Apr 2 4.5939% 4.7990% 2023 43 Matteson, IL Al 1,000,000 G.O. (Sales Tax Alt) 5 -Apr 3 2.7728% 3.0644% 2009 44 Tinley Park PD, IL N/R 935,000 Ref Loan Agreement 7 -Apr 3 2.9700% 3.4809% 2019 45 Evanston /Skokie CCSD #65 Aaa(Ins) 5,810,000 G.O. Ref School 12 -Apr 8 3.0818% 3.2208% 2011 46 Wheeling, IL AAA/AAA(Ins) /AA/AA+ 8,000,000 G.O. 12 -Apr 3 4.3323% 4.4186% 2023 47 Elgin, IL Aaa /AAA(Ins) /Aa2 /AA 11,860,000 G.O. Corporate Purpose 14 -Apr 3 4.3892% 4.5042% 2023 48 Hiawatha, IA N/R 2,160,000 G.O. Capital Loan Notes 14 -Apr 7 3.1808% 3.4910% 2014 49 Sullivan, IL N/R 1,040,000 G.O. WW & Sew Ref Alt 26 -Apr 5 2.2468% 2.8468% 2008 50 Clarendon Hills PD, IL N/R 1,000,000 Debt Certificates 26 -Apr 3 3.6027% 4.4653% 2014 51 Addison, IL AAA/AAA(Ins) /AA/AA+ 7,500,000 G.O. 3 -May 8 3.9060% 4.1177% 2019 52 Arlington Heights, IL Aaa(Ins) /Aa2 20,000,000 G.O. 3 -May 3 4.9218% 4.9766% 2026 53 Round Lake Park, IL N/R 200,000 Debt Certificates 4 -May Neg 3.5000% 2009 54 Union County, IA Aaa(Ins) 5,285,000 G.O. Urban Renewal Ref 4 -May 8 3.7143% 3.8906% 2017 55 Roselle, IL AAA(Ins) /AA 2,050,000 G.O. (Alt Rev) 10 -May 4 4.5425% 4.6523% 2023 56 Oakbrook Terrace, IL N/R 650,000 G.O. 11 -May 3 4.1364% 4.4490% 2016 57 South Barrington, IL N/R 3,155,000 Taxable G.0 13 -May Neg 2.2300% 2007 58 North Fayette CSD, IA N/R 1,470,000 Sales & Servs. Tax Rev 17 -May 2 4.1818% 4.2529% 2013 59 DesPlaines, IL Aaa(Ins) /Aa3 8,400,000 G.O. 17 -May 11 4.1507% 4.3477% 2020 60 DesPlaines, IL Aaa(Ins) /Aa3 8,900,000 Taxable G.O. 17 -May 5 5.6535% 5.8144% 2021 61 Mt. Zion, IL N/R 300,000 G.O. Alt Rev 17 -May Neg 2.9500% 2008 62 Springfield PD, IL N/R 1,600,000 G.O. (Ltd Tax) Park 19 -May 5 3.6527% 4.5395% 2012 63 Sumner, IA N/R 285,000 G.O. Fire Station Notes 19 -May 2 3.4476% 3.5918% 2013 64 Postville, IA N/R 4,520,000 Sewer Rev Bond Anticipation 24 -May Neg 4.5000% 2007 65 Clinton, IA N/R 7,650,000 G.O. Refunding 25 -May 10 2.7442% 2.8812% 2009 66 Lake in the Hills, IL Aa3 905,000 G.O. 27 -May 4 3.8225% 4.0854% 2013 67 Waterloo, IA Aaa(Ins) /A2 9,745,000 G.O. 3 -Jun 5 4.0456% 4.1783% 2019 68 Waterloo, IA Aaa(Ins) /A3 3,825,000 G.O. Taxable 3 -Jun 5 5.5780% 6.0352% 2019 69 Oak Park, IL Aa3 /AA 3,715,000 Taxable G.O. Corp Purpose 7 -Jun 6 5.3026% 5.8187% 2014 70 Oak Park, IL Aaa /AAA(Ins) /Aa3 /AA 11,500,000 G.O. Corporate Purpose 7 -Jun 4 4.7692% 4.8794% 2024 71 Oak Park, IL Aa3 /AA 1,265,000 G.O. Corporate Purpose 7 -Jun 2 3.0937% 3.1650% 2009 72 Oak Park, IL Aa3 /AA 2,740,000 G.O. Refunding 7 -Jun Neg 3.7928% 2012 73 Waukegan PD, IL Aaa(Ins) /A1 9,495,000 G.O. Park (Alt) 8 -Jun 8 3.8791% 4.0001% 2017 74 Central City, IA N/R 745,000 G.O. Corp Purpose Ref 9 -Jun 5 3.7317% 4.1193% 2014 75 Gilbertville, IA N/R 750,000 G.O. Water Improvement 10 -Jun 4 4.8766% 5.0750% 2024 76 La Porte City, IA N/R 600,000 G.O. Capital Loan Notes 15 -Jun 4 3.9713% 4.0985% 2014 77 Manchester, IA N/R 2,375,000 G.O. Corporate Purpose 16 -Jun 5 3.4374% 3.6753% 2014 78 River Trails PD, IL AAA(Ins) /A 1,380,000 G.O. Park (Alt Rev) 17 -Jun 4 4.4235% 4.7125% 2019 79 Riverside, IL Aaa(Ins) /A1 2,060,000 G.O. _ 21 -Jun 7 3.7441% 3.9679% 2014 80 Waterloo, IA N/R 330,000 G.O. Capital Loan Notes 21 -Jun 2 4.4000% 4.9500% 2005 81 Chillicothe CUSD # 321, IL A 1,140,000 G.O. School 22 -Jun 7 2.8740% 3.1872% 2008 82 Roselle, IL AAA(Ins) /AA 1,450,000 G.O. (Alt Rev) 28 -Jun 3 4.3531% 4.7603% 2021 SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES EXHIBIT B 2004 Investment Issue Type of Date # of Net/True Interest Rate Last Issuer Ratin Size Securitv of Sale Bidders Low Bid Hiah Bid Maturitv 83 Bourbonnais Township PD, IL N/R 900,000 G.O. Ltd. Tax Park 28 -Jun N 3.0628% 2009 84 Charleston, IL A 1,500,000 G.O. 6 -Jul 5 4.0628% 4.2101% 2019 85 Tinley Park PD, IL Aaa(Ins) /A2 4,000,000 G.O. Ltd. Tax Park 7 -Jul 11 3.2926% 3.4851% 2014 86 Waterloo, IA Aaa(Ins) 9,595,000 Sewer Rev Ref Taxable 8 -Jul 5 5.0068% 5.2098% 2016 ) ( Aaa Ins 11,640,000 Sewer Rev Ref 8 -Jul 3 3.4251% 3.4353% 2017 87 Waterloo, IA 12 -Jul 3 4.5431 % 4.9343% 2023 88 Villa Park, IL A2 1,650,000 Debt Certificates 2013 89 Aurora, k N/R 7,140,000 Tax Increment Revenue 13 -Jul Neg 5.6600% 90 Yorkville, IL N/R 650,000 Debt Certificates 13 -Jul 2 4.6677% 5.1148% 2012 A + /A1 12,205,000 Variable Rate Spec Tax 14 -Jul Neg 2.0000% 2034 91 Yorkville, IL 4.4700% 2014 92 Goodwill Ind of NE IA, IA N/R 2,500,000 Facitlity Revenue Note 15 -Jul Neg 2023 93 Tremont, IL N/R 1,250,000 Debt Certificates 19 -Jul Neg 4.7332% 94 Bremer County, IA N/R 2,065,000 GO Urban Ren Student Housing 21 -Jul 5 4.1873% 4.5528% 2023 95 Lombard, IL AA- 7,190,000 G.O. Ltd. Tax Debt Certificates 22 -Jul 4 3.2727% 3.4620% 201 4.00248% 4 96 Lombard, IL N/R 175,000 Special Assessment #218 22 -Jul Neg 5. 4.2024% 2021 97 Peru, IL Aaa /AAA(Ins) /A2 4,750,000 G.O. 26 -Jul 8 98 Zion, IL AAA(Ins) 2,200,000 Taxable G.O. Alt Rev 27 -Jul 5 99 Lynwood, IL 5.3990% 5.9146% 2019 N/R 1,500,000 G.O. 27 -Jul Neg 4.5765% 100 Bensenville, IL Aaa (Ins) 4,000,000 G.O. Alt Rev 16-Aug Neg 4.5322% 2023 ) ( 101 Bensenville, IL Aaa Ins 2023 3,500,000 G.O. Alt Rev 16 -Aug Neg 4.9429% 102 Peoria, IL AA 2,875,000 Downtown Redev Park Rev Ref 17 -Aug 4 2.6024% 2.9179% 2009 103 Peoria, IL Aaa /AA(Ins) /Aa3 /AA 5,390,000 G.O. 17 -Aug 4 4.9385% 4.4803% 2025 N/R 160,000 Special Service Area 19 -Aug Neg 2.4550% 2008 104 Hampshire, IL 19 -Au 1 3.6178% 2009 105 Bourbonnais Township PD, IL N/R 250,000 Debt Certificates 9 106 New Trier THSD # 203, IL Aaa 7,998,637 G.O. Ltd. Tax CAB School 23 -Aug 5 3.4740% 3.9970% 2014 107 Lena Community PD, IL N/R 246,870 G.O. Ltd Tax Park 23 -Aug 3 2.5500% 2.9700% 2005 g Neg % 108 Peoria, IL Aaa/AAA(Ins)Aa3 /AA 11,985,000 GO Refunding 31 -Au g 2018 3.9048 3.6788% 2017 109 Elgin, IL Aaa/AAA(Ins) /Aa2/AA 5,485,000 G.O. Refunding 31 -Aug Neg 110 Glendale Heights, IL Aa3 4,135,000 G.O. Refunding 2 -Sep 9 2.5657% 2.8456% 2010 111 Glen Ellyn PD, IL N/R 1,850,000 G.O. Ref. Park 2 -Sep 3 2.2212% 2.2454% 2007 112 Romeoville, IL Aaa /AAA(Ins) /A2 22,025,000 G.O. 3-Sep Neg 4.0319% 2024 2009 113 Warrenville PD, IL N/R 3,450,000 Debt Certificates 8 -Sep Neg 3.0742% N/R 110,000 Debt Certificates, 9 -Sep Neg 3.7165% 2013 114 Lena Community PD, IL 9 -Se Neg 2.2200% 2005 115 Savanna PD, IL N/R 120,000 G.O. Ltd Tax Park P 11 Evanston /Skokie CCSD #65 Aaa(Ins) 9,040,000 G.O. Refunding School 13 -Sep 12 1.8955% 2.1721% 2006 117 Aurora, IL AAA(Ins) /AA 10,000,000 G.O. 14 -Sep 4 4.1045% 4.2142% 2024 118 Lake Villa Township, IL N/R 800,000 Debt Certificates 14 -Sep 3 3.3873% 4.9254% 2014 Aa2 9,995,000 G.O. Refunding 14 -Sep Neg 3.4675% 2013 119 Elgin CCD # 509, IL 16 -Se 1 4.2618% 2011 120 Murphysboro PD, IL N/R 158,915 G.O. Park (Ltd Tax) P 121 Crystal Lake PD, IL A+ 1,500,000 Debt Certificates 16 -Sep 3 4.1140% 4.2810% 2023 122 Crystal Lake PD, IL AA- 479,240 G.O. Ltd Tax Park 16 -Sep 4 1.8824% 2.7311% 2005 Ins 3,305,000 G.O. Ref (Alt Rev) 20 -Sep Neg 3.0487% 2011 Aaa 123 Matteson, IL Aaa(Ins) SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES 2004 EXHIBIT B Investment Issue Type of Date # of Net[True Interest Rate Last Issuer Ratin Size Securitv of Sale Bidders Low Bid Hiah Bid Maturitv 124 Matteson, IL Al 2,930,000 G.O. Ref (Alt Rev) 20 -Sep Neg 3.6357% 2016 125 Mt. Prospect PD, IL N/R 2,500,000 G.O. Ltd Tax Park 22 -Sep 5 2.2082% 2.6177% 2017 126 Matteson, IL N/R 10,000,000 Tax Increment Revenue 23 -Sep Neg 5.0296% 127 Carpentersville, IL Aaa(Ins) 3,280,000 G.O. Ref 5 -Oct Neg 3.4823% 2015 128 Homewood - Flossmoor PD, IL N/R 882,700 G.O. Ltd Tax Park 5 -Oct 4 2.0000% 2.8258% 2005 129 Westchester PD, IL N/R 467,575 G.O. Ltd Tax Park 7 -Oct Neg 2.0000% 130 Minooka, IL N/R 5,850,000 Special Assess Improvement 8 -Oct Neg 6.3750% 2034 131 Pekin PD, IL N/R 495,000 G.O. Limited Tax Park 13 -Oct 4 2.1218% 2.7743% 2006 132 Oak Forest PD, IL N/R 775,000 G.O. Limited Tax Park 14 -Oct 2 2.3398% 3.8500% 2006 133 Addison, IL N/R 2,500,000 G.O. 18 -Oct Neg 3.3680% 2012 134 Lynwood, IL N/R 600,706 Sr Lien Cap Appr Tax Incr Rev 19 -Oct Neg 10.2269% 2015 135 Lynwood, IL N/R 810,000 Jr Lien Cap Appr Tax Incr Rev 19 -Oct Neg 136 Bensenville, IL N/R 225,000 G.O. Ltd. Tax Ref 19 -Oct Neg 2.2902% 2006 137 Sycamore PD, IL N/R 486,160 G.O. Ltd. Tax Park 19 -Oct 7 1.8000% 4.0000% 2005 138 Palos Park, IL N/R 450,000 Water & Sewer Alt Rev. 19 -Oct Neg 3.6404% 2019 139 Lockport, IL AA- 2,480,000 G.O. Refunding 20 -Oct 7 2.5074% 2.7254% 2009 140 Lockport, IL AA- 170,000 G.O. Ltd Tax 20 -Oct 2 2.2040% 2.5705% 2007 141 Hanover Park, IL Aaa /AAA(Ins) /Aa3 /AA- 7,000,000 G.O. 21 -Oct 4 4.1135% 4.2062% 2024 142 Fairfax, IA N/R 700,000 G.O. Wastewater Improvement 25 -Oct 3 4.0310% 4.1424% 2020 143 Clarendon Hills PD, IL N/R 138,000 G.O. 25 -Oct 2 1.9800% 2.4000% 2005 144 Prospect Heights PD, IL N/R 2,215,000 G.O. Refunding Park (Alt Rev) 26 -Oct 2 3.0449% 3.1940% 2010 145 Prospect Heights PD, IL N/R 499,050 G.O. Ltd Tax Park 26 -Oct 4 1.9500% 2.7400% 2005 146 Des Moines, IA Aaa(Ins) /Aa2 /AA+ 6,930,000 Water Revenue 26 -Oct 3 4.0184% 4.1586% 2024 147 Des Moines, IA Aaa(Ins) /Aa2 /AA+ 18,290,000 Water Rev Ref 26 -Oct 4 3.5629% 3.7171% 2017 148 Vinton, IA N/R 940,000 G.O. Corp Purpose Notes 28 -Oct 5 3.5242% 4.0464% 2016 149 Winnebago County, IL Aaa(Ins) /Al 10,000,000 G.O. Alt Rev 28 -Oct 4 4.0969% 4.2173% 2022 150 Winnebago County, IL Aaa(Ins) /A1 4,400,000 G.O. 911 Surcharge Alt Rev 28 -Oct 2 3.8396% 3.8995% 2019 151 Winnebago County, IL Aaa(Ins) /A1 2,600,000 G.O. Debt Certificates 28 -Oct 4 2.3531% 2.5788% 2008 152 Capron, IL N/R 280,000 Debt Certificates, 1 -Nov Neg 3.5048% 2008 153 Capron, IL N/R 3,000,000 G.O. WW & Sew Alt Rev 1 -Nov Neg 4.7726% 2023 154 Freeport PD, IL N/R 850,000 G.O. Ltd Tax Park 2 -Nov 5 2.1500% 2.9500% 2005 155 Dundee Township PD, IL N/R 1,669,475 G.O. Ltd Tax Park O-N 2 v 3 2. 2.66288% 288% 2.8346% 2007 2.6500% 2005 156 Bensenville PD, IL N/R 500,000 G.O. Ltd Tax Park 10 -Nov 157 Itasca PD, IL N/R 395,325 G.O. Ltd Tax Park 11 -Nov Neg 2.0000% 2005 158 Highland Park, IL Aaa 10,175,000 Taxable G.O. Pension Funding 11 -Nov Neg 4.8000% 2034 159 Highland Park, IL Aaa 6,415,000 Taxable G.O. Pension Funding 11 -Nov Neg 4.8000% 2034 160 Hanover Park PD, IL N/R 749,670 G.O. Ltd Tax Park 15 -Nov 4 2.2500% 2.6667% 2005 161 Geneva PD, IL AAA(Ins) /AA- 5,305,000 G.O. Ref 15 -Nov 7 3.6156% 3.7777% 2017 162 Gurnee PD, IL N/R 715,000 G.O. Ltd Tax Park 15 -Nov 5 2.0100% 3.3160% 2005 163 Orland Park, IL Aaa /AAA(ins) /Aa3 /AA 9,815,000 G.O. Ref 15 -Nov 11 3.5788% 3.7561% 2018 164 DesPlaines, IL Aaa(lns) /Aa3 5,550,000 G.O. 15 -Nov Neg 4.1880% 2022 SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES 2004 EXHIBIT B Investment Issue Type of Date # of Net/True Interest Rate Last Issuer Rating Size Securitv of Sale Bidders Low Bid High Bid Maturitv 165 DesPlaines, IL Aaa(Ins) /Aa3 1,030,000 G.O. Ref 15 -Nov Neg 4.1880% 2022 166 DesPlaines, IL Aaa(Ins) /Aa3 2,330,000 G.O. Ref 15 -Nov Neg 4.1880% 2022 167 Riverdale PD, IL N/R 150,000 G.O. Ltd Tax Park 16 -Nov Neg 4.0400% 2007 168 Carbondale CHSD #165, IL AAA/AAA(Ins) 9,875,000 G.O. Ref School 17 -Nov 6 3.7023% 3.8362% 2018 169 Forest Park PD, IL N/R 510,000 G.O. 18 -Nov Neg 2.7026% 2009 170 Hawthorne PD, IL N/R 165,000 G.O. Park 18 -Nov 1 2.6478% 2006 171 St. Charles CUSD #303, IL Aaa(Ins) /A2 4,325,000 Debt Certificates 22 -Nov 3 4.1738% 4.2954% 2024 172 St. Charles CUSD #303, IL Aaa(Ins) /A2 2,300,000 Debt Certificates 22 -Nov 2 3.5825% 3.6994% 2015 173 Chicago Ridge PD, IL N/R 299,555 G.O. Ltd. Tax Park 24 -Nov 2 2.4500% 2.6188% 2005 174 Channahon PD, IL N/R 300,000 Debt Certificates 1 -Dec 4 3.5000% 4.5121% 2013 175 Channahon PD, IL N/R 915,000 G.O. 1 -Dec 5 2.3750% 2.9890% 2005 176 New Lenox PD, IL Aaa(Ins) 6,180,000 G.O. Refunding 1 -Dec 9 3.3594% 3.7257% 2015 177 Cary PD, IL AAA(Ins) /AA- 5,725,000 G.O. Park Refunding (Alt Rev) 2 -Dec 3 3.8929% 3.9207% 2017 178 Cary PD, IL AAA(Ins) /AA- 4,225,000 G.O. Park Refunding (Alt Rev) 2 -Dec 5 3.2352% 3.2727% 2012 179 Cary PD, IL N/R 609,805 G.O. Ltd Tax Park 2 -Dec 6 2.1500% 3.5500% 2005 180 Bloomingdale PD, IL N/R 675,295 G.O. Ltd Tax Park 6 -Dec 2 2.3000% 3.0000% 2005 181 Carbondale CHSD #165, IL AAA/AAA(Ins) 1,005,000 G.O. Ref 6 -Dec 5 3.3492% 3.5089% 2012 182 East Moline, IL Aaa (Ins) 1,315,000 G.O Ref Alt 6 -Dec Neg 3.5441% 2016 183 Elkhart CSD, IN Aaa(Ins) /Aa3 /A1 17,310,000 First Mortgage 7 -Dec 4 4.3417% 4.3838% 2024 184 Vernon Hills, IL AAA/Aaa 3,540,000 G.O. Ref (Alt Rev) 7 -Dec Neg 3.7302% 2018 185 Elmhurst, IL N/R 9,990,000 G.O. Ref 9 -Dec Neg 4.0149% 2021 186 Huntley Area PLD, IL Aaa(Ins) /A2 2,055,000 G.O Ref 13 -Dec 6 2.8386% 3.0821% 2011 187 Minooka, IL N/R 4,150,000 Debt Certificates 13 -Dec Neg 3.5100% 2014 188 Minooka, IL N/R 115,000 Debt Certificates 13 -Dec Neg 3.5100% 2005 189 LaGrange, IL N/R 9,320,000 G.O. Library 13 -Dec Neg 4.0729% 2024 190 Waukegan PD, IL N/R 500,000 G.O. Ltd Tax Park 14 -Dec 6 2.2493% 2.7800% 2005 191 St. Charles PD, IL AA- 3,865,000 G.O. Ltd Park 14 -Dec 3 2.8783% 2.9800% 2011 192 St. Charles PD, IL AA- 1,135,000 G.O. Ltd Park 14 -Dec Neg 2.1000% 2005 193 Aurora, IL AAA(Ins) /AA 7,130,000 G.O. Corp Purpose Ref 14 -Dec 6 3.6526% 3.7278% 2017 194 Montgomery, IL N/R 20,000,000 SSA No. Ten 14 -Dec Neg 3.5000% 2007 195 Freeport, IL AAA(Ins) /A 8,665,000 G.O. Refunding 15 -Dec Neg 4.1404% 2024 196 Waubonsee CCD #516, IL N/R 600,000 Taxable G.O. Ltd Tax 15 -Dec Neg 3.9254% 2006 197 Yorkville, IL N/R 13,000,000 SSA 2004 -104 16 -Dec Neg 6.5000% 2034 198 Mattoon, IL N/R 4,210,000 G.O. (Sewerage Alt Rev) 16 -Dec Neg 3.6600% 2018 199 Mattoon, IL N/R 2,105,000 G.O. (Alt Rev) 16 -Dec Neg 3.7500% 2019 200 Maywood, IL N/R 6,375,000 G.O. TIF 20 -Dec Neg 4.5000% 2013 201 Postville, IA N/R 1,200,000 Water Revenue 22 -Dec Neg 2.9860% 2005 202 Collinsville, IL N/R 4,850,000 Debt Certificates 28 -Dec Neg 5.7500% 2023 The above listing is a full and complete record of Speer Financial's sales of municipal securities for the time period shown. SPEER FINANCIAL, INC. 3/8/2005 CLIENT SALES OF SECURITIES 2004 EXHIBIT B Investment Issue Type of Date # of Net/True Interest Rate Last Issuer Rating Size Securitv of Sale Bidders Low Bid Hiqh Bid Maturi Note: All interest rates are Net Interest Cost (NIC) except where True Interest Cost (TIC) is specified. THSD = Township High School District Ref. = Refunding PBC = Public Building Commission ICC = Installment Contract Certificates Moodv's Ratino Code: High to Low SD = School District (Alt.) = G.O. (Alternate Revenue Source) Bonds Grades: Aaa, Aa, A, Baa PD = Park District (Ins.) = Insured Within Each Non -Aaa Grade: 1, 2, 3 CCD = Community College District DC = Debt Certificates FPD = Forest Preserve District N/R = Not Rated CUSD = Community Unit School District Number Par TVDe of Sale of Issues % Amount % Number of Bidders Negotiated ........................... 72 35.64% 315,101,131 35.80% Competitive .......................... 130 64.36% 565.111.862 64.20% 605 Bidders Total Bond Sales To Date In 200 202 100.00% 880,212,993 100.00% 4.7 Average FOR PRIOR YEAR 2003: Number Par TVDe of Sale of Issues % Amount % Number of Bidders Negotiated ........................... 79 34.80% 369,962,632 35.99% Competitive .......................... 148 65.20% 657,908,683 64.01% 710 Bidders Total Bond Sales In Calendar Ye: 227 100.00% 1,027,871,315 100.00% 4.8 Average UNITED CITY OF YORKVILLE 2004 ANNUAL SERVICE REPORT i r q 1 The goal of the government of the United City of Yorkville is to preserve the quality of life by providing municipal services that are responsive to the needs of the residents and businesses and are reliable, efficient and fiscally responsible. J �► EST. ^ ` _ _ 1836 �e`E United City of Yorkville To learn more about the United City of Yorkville's goals, accomplishments or directions for 2005 visit the city's Web site at www.yorkville.itus or contact the City Administrator at (630) 553 -4350. LETTER FROM THE MAYOR M, tow vp <tE I am delighted to offer you this glimpse at the accomplishments and directions the City has been taking throughout the past year. We're particularly excited about the planning steps we have taken relating to the growth and development for the future of the United City of Yorkville. Updating and expanding the Comprehensive Plan, Zoning Ordinances, and Master Facility Plans will allow us to balance the smart growth initiative while promoting Yorkville's character, viability and charm. The year 2004 was one of important partnerships. These partnerships allowed for the preservation of open space, protected environmentally sensitive areas and helped to meet the future needs of the schools and fire protection. For years, the City Council and staff have worked with state officials to secure improvements to the state highways surrounding Yorkville, including Route 34 and 47. These discussions with DOT are ongoing, and the City Council will remain committed in making these improvements a reality in the upcoming year for the residents. In the coming year, the City Council will continue to work with all of our citizens, to manage the change occurring within our borders, to ensure that our residents will receive the finest services possible that address their health, safety and welfare. The United City of Yorkville has always been a very generous community. I'm proud to be a part of this community and serve as your hometown Mayor. Thank you for your efforts throughout the year in making Yorkville a place to live and work. Yours truly, Art Prochaska, Mayor a qwa yea" to Bm arc week 2 ADMINISTRATION • Land Cash Value Analysis — Amended Land Cash from $58,500 to $73,500 ® Bristol Kendall Fire Department fees were revised from $300 to $1,000 o Champions of Industry Award — 50 best small cities Eldamain Road Jurisdictional transfer INTERGOVERNMENTAL COOPERATION • Formed a three year intergovernmental agreement with Yorkville School District #115 • Formed an intergovernmental agreement with Kendall County Forest Preserve District for the Hoover Outdoor Education Center • Continued the annual cooperation with the Riverfront Festival • Formed a new agreement with the Yorkville Bristol Sanitary District • Support and continued participation with business related events • Agreement established with Illinois Department of Natural Resources regarding the Glen Palmer Dam and the Riverfront Park land ownership and maintenance • Agreement established with Congregational church and Cross Lutheran church for use of facilities for recreation programs. • USGS Joint Funding Agreements to Survey Channel Crossing from Blackberry Creek • Agreement with YBSD for Rob Roy Creek Interceptor • USGS Groundwater Study - Phase II & III — Kendall County • USGS Groundwater Study Shallow Aquifer Study m [iQI EV,'' SUBDIVISION DIVISION DEVELOP ENTS I APPROVED FINAL PLATS • Whispering Meadows Units I & 2 (191 lots) • Grande Reserve Units 1, 2, 3, 4, 5, 6, 7, 8 and 9 (813 lots) • Prairie Meadows (162 Single Family, 268 Multi- Family lots) • Cornerstone (41 Single Family lots) • Raintree Village Units 4, 5, and 6 (292 lots) • Fox Hill Unit 7 POD 10 (13 Lots for Multi- Family) DEVELOP MEM7 S7aKDa RDS • Architectural standards were incorporated within all annexation and development agreements • Revised landscape ordinance, subdivision control ordinance and park and recreation development standards • Approved the greenways and trails plans through Parks Master Plan • Updated and approved the City's land use plans • Initiated the updating of the City's south land plan (approved 2005) 3 NEW BUSINESS DEVELOPMENTS • New Provena /Dreyer Medical Offices • Began F.E. Wheaton expansion - 107,728 square -foot building • Grande Reserve development consortium and Castle Bank agree to build a school / Park on a 20 -acre site east of Kennedy Road. • Kendall County was the 1 0th fastest growing county in the nation over the last three years, according to Census Bureau • Ongoing Downtown Re- development • Continued commercial development along Route 47 • Began construction for I' National Bank of Ottawa • Began Castle Bank expansion • Grand Rental Station opened • Ongoing Menards commercial construction • Ongoing Heartland commercial construction • Ongoing Prairie Garden commercial construction '_' US Postmaster General Jack Potter Speaker of the House Denise Hastert and Yorkville Mayor Art Prochaska attend official ground breaking for new Yorkville Post Office. HUMAN RESOURCE • Hired two full -time Park Maintenance Worker I • Hired full -time Recreation Supervisor • Established the NIU internship program (Undergraduate and Graduate) • Hired part-time Accounting Clerk I • Hired full -time Payroll / Benefits Specialist • DOT testing compliance completed for required staff • Dan Kramer retires after 21 years as City Attorney • John Wyeth appointed as City Attorney • Hired one additional Engineering Technician • Four full -time Public Works employees (water, sewer, streets and office /Administration) • Yorkville Police hired four full -time officers, three part-time officers, canine unit and added a full -time Records Clerk to the personnel roster. 4 CITY ORDINANCE & RESOLUTIONS • Amended the Ethics Ordinance • Resolution of Acknowledgement & Endorsement of the Kendall County Trails & Greenways Plan • Resolution in Support of Illinois Tourism Industry • Resolution for Feasibility Study for Countryside Center Tax Incremental Financing (TIF). • Resolution Recommending Updating of Aldermanic Wards • Route 47 Improvement Resolution also received letters and resolutions of support from Sugar Grove, Piano, Kendall & Grundy Counties, Dwight, Yorkville Chamber of Commerce and Yorkville Economic Development Corporation • Authorizing Execution of an Amendment to PUD for Raintree Village • Authorizing Execution of Annexation Agreement of Gary & Lelalu Maxwell • Intergovernmental agreement for transfer of jurisdiction of Eldamain Road south of Route 34 between COY and Kendall County • Adopted Water Conservation Regulations for the City • Regulating Development in Floodplain Areas • Authorizing Execution of Cornerstone PUD Amendment - Triangle Investments • Amended Land Cash Ordinances (1996-03 and 2003-12) r, FY 2004-2005 Budget • Adopted Pollution Control Ordinance • Amending Title 3, Chapter 3, Article 4, Section (B) of the Liquor Control Ordinance - Allowing sampling and/or tasting of alcoholic liquors by Class B License Holders • Authorizing the Execution of an Annexation Agreement for Tanglewood Trail • Authorizing the Execution of the Third Amendment to the PUD and the rezoning of property Fox Hill Subdivision (Jeanne Dresden, Trustee & DCI- Charrington) • Library Referendum - Providing for and requiring the submission of the proposition of issuing General Obligation Bonds to the voters of the United City of Yorkville at the General Election on 11-02-04 • Annexing Westbury Village - Ocean Atlantic (Undesser Property) • Annexing Properties of Yorkville Hill Landscaping • Annexing Properties of Bailey Meadows • Subdivision Control Ordinance amended and approved • Authorizing the Execution of the Fourth Amendment to PUD Agreement for Fox Hill Subdivision (Jeanne Dresden and DCI-Charrington, Inc.) • Amending Landscape Ordinance 2000-48 • Amending Bristol-Kendall Fire Protection District Development Fees • Annexing Properties of Burnside Construction (Villas at the Preserve) • Establishing back-up Special Tax Service Area for the Villas at the Preserve • Providing for Issuance of Special Service Area 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 • Annexing Properties of Saravanos Properties, LLC, 5 • Planned Unit Development Ordinance • Authorizing the Execution of the First Amendment to PUD Agreement for New Direction Housing Corporation (Yorkville Supportive Living LLC) • 2004 -2005 Tax Levy CITY WEB PAGE & TECHNOLOGY • Installed T- I connection to City Hall and Beecher Community Center • Installed DSL connection to Park and Recreation and Public Works • Expanded email accounts for all employees and departments • Updated the web page to incorporate up -to -date information and meeting minutes • Continued work on Geographic Information System development PROFESSIONAL SERVICE AGREEMENTS • Engineering Enterprises Inc. — Engineering Services (plan review, water works improvements, GIS) • Schoppe Design Associates — Land Planners (Plan and landscaping review, land planning, and park design) • Smith Engineering (transportation study and in -town road program) • International Codes Consultants Inc. (Building and Zoning) • Yas and Fischel Partnership (Municipal Facilities Master Plan and Downtown Vision Plan ) • Walter E. Deuchler Associates — Sanitary Sewer engineering • Burnidge Cassell Associates (Library expansion and design) • Sente -Ruble Bosman -Lee Architects Ltd. (Parks Maintenance Facility planning) • CH Schrader & Associates - Contract for Grant Research Consulting Services • USGS, CEC, EEI Hydrogeology and Water Quality Study for a Potential Development of a Safe Secondary Municipal Water Supply from the Shallow Aquifer within the Northwest Planning Area • IEPA Brownfield Grant Agreement • CEC Proposal for Wetland Mitigation Bank Feasibility Study FINANCE • Approved the Investment and fund balance policies • Continued preparation for GASB 34 compliance • Established and passed two Special service Areas (SSA) bonds for Grande Reserve $12.2 million and $13.2 million • Received an A + /A -1 (long -term / short-term) Standard & Poor's Bond Rating • Funded $1,600,000 Debt Certificated for Com Ed / Hydraulic Sewer Project • Funded $3,500,000 Alternative Revenue Bond for Countryside Interceptor Project • Secured Illinois Tomorrow Corridor Planning Grant for $102,000 6 • Establishment of the Countryside Center Redevelopment TIF District • Alternate Revenue Bond - $3.5 million - Countryside Interceptor • Funded $650,000 Debt Certificate for In -Town Road Program • Debt Certificate - $1.6 million — Com Ed Sewer • Extended Levy rate of .7143 / decreased from 2003 rate of .7895 • Estimated City Equalized Assessed Valuation increase of 45,678,665 • Estimated 2005 tax levy revenue increase of $174,953 • Total estimated tax levy revenue to the City: $1,765,321 UNITED CITY OF YORKVILLE TAX LEVY RATES 1 0.9 0.8 0,7 0B . Cr Ty 0.5 ■ LIBRARY 0.4 0.3 0.2 0. 1 0 2000 2001 2002 2003 2004 YEAR Proposed UNITED CITY OF YORKVILLE EQUALIZED ASSESSED VALUES $300 ON MILLIONS) $250 $200 tip, $150`x`` e� $100 $50 $0 - - 2000 2001 2002 2003 2004 Estimated 7 • Completed and approved 2003 -2004 Audit • Completed and approved 2003 -2004 Treasurer's Report • Developed and approved 2003 -2004 Revised Budget • Developed and approved 2004 -2005 Fiscal Year Budget U nited City of Yorkville Budget 2004/2005 General Fund Summary ■Finance $3,967,465 5% 2% MEngineering $385,870 36% 36% ❑Police $1,881,291 E3Streets & Alleys $3,923,110 ** 17% 4 % ❑Health & Sanitation $493,123 MBuilding & Zoning $137,400 $11,218,480 Total Budget ** * *(Includes $3,310,000 Road Funding & Financing) • Analysis completed / increase approved for increase of Water Connection fees to $2,660 per unit for new homes • Developed 2 -5 year Revenue Forecasting as it relates to new residential development fees -- • Participated in the IPRA and State of Illinois Joint Purchasing programs • Participated in joint training efforts with Kendall County, Plano and Oswego GENERAL FUND REVENUE 7,00%000 g •t # 5 , %Ml %tw o :%00Q 000 z1 on6ma 1,00q=1 0 FY 00!01 FY 07/02 FY 02/03 FY OX04 *FY 04105 Budgeted *Excludes $33 millicn roadfundngffinancing g REAL ESTATE TAX REVENUES 1,400,000 -- e A� 1 ,200,000 r 1,000,000— r 800,000 600,000 400,000 200,000 0 FY 00/01 01102 02/03 03104 04106 Budgeted STATE REVENUES Income Tax Motor Pfau Tax 800,000 --1 300,000- 500,000 250,00. 400,000 200,000 -' 300,000 1 50,000 - 200,000 100,000 100,000 50,000 D FY 00101 01102 02103 03104 04105 D FY 00101 01102 02103 03104 04105 eud8 CudOotod Use Tax 100,000 50,000 0 FY 00 /01 01102 02103 03/04 04105 Budgeted FY 04105 includes 12 months at 8,789 Certified Special Census population 7 1 BUILDING AND ZONING I. Annual Permits issued: 2004 2003 Single family / town homes 472 Single family / town homes 360 2 family residence 3 2 family residence 15 Multi- family 0 Multi- family 7 Commercial 21 Commercial 34 Industrial I Industrial I Miscellaneous 550 Miscellaneous 477 TOTALS 1048 894 II. Plan Reviews • There have been over 1,000 plan reviews completed in 2004. 111. Inspections _� t • Approximately 12,120 inspections have been ! performed in 2004 • Performed 416 hours of property standards field 7 _ inspection surveys throughout the City IV. Zoning • Reviewed over 30 subdivision zoning documents • Provided zoning and flood plain information for 780 requests V. Cross Department Support • Shared commercial and industrial permits for review by the Fire Department • Coordinated restaurant permits with Health Department • Coordinated the issuance of commercial and industrial permits for public safety • Provided code training session and reviews with new builders. VI. Administration • Implemented a MSI computer permit tracking accounting module • Coordinated 336 hours of training and certification for building department staff - i Y h • Maintained the logs and tracking for ' ry'' permits, and certificates of occupancies!,. 10 Grande Rene - fc U",9a2er r G- MGINEE ING PUBLOG V�C>o RCVS o Adopted updated Subdivision Control Ordinance o Annual public sidewalk replacement program / Fox Road • Updated infrastructure asset Capital Improvement Program • Provided construction administration for 31 business and residential developments • Completed over 19 in -house plan review projects • Performed over 4600 JULIE utility locates • Updated zoning map • Updated Alderman ward map updates • New development addressing • Improved the tracking of developer fees and reimbursements • Perform water, sewer, and residential site occupancy inspections • Consultant overview for private development plan review and city- funded projects Sewer Projects • Hydraulic Avenue Interceptor $1.9 million • Purchased property for Countryside and 13ruell Street lift station projects • Began construction of Rob Roy Creek Interceptor $11 million • East and West Main Street sanitary sewer construction $3 million Se Department • h-nptemented and completed annual jetting program for sanitary sewer system • Implemented yearly motor rotation program for all lift stations • Research and recommend specific manhole treatments to prevent inflow and infiltration to certain manholes in the City. Implementation will be spring 2005 • Performed 3 sanitary sewer main repairs • Worked with developer and manufacturer - Kylyn's Ridge lift station on line • Provided technical assistance to contractor's installing sanitary sewer in all new subdivisions • Assisted with plan review and or construction inspection with Bruell St., Heartland Circle, and Countryside lift stations 11 • Installed new 36" concrete storm sewer across Van Emmon St with Water department • Worked with the street department completing the landscaping and shoulder work for the Van Emmon St paving project • Provided field assistance on the Hydraulic Ave. interceptor project • Provided field assistance on the Mill and Van Emmon St water main project • Assisted with the coordination and start up of the new generator at City Hall • Researched and purchased new jetter /vacuum truck $220,000 • Assisted engineering with JULIE locates Water Projects • Completed Route 47 watermain (north tower) • Johnson Street watermain E a • Construction of new well Nos. 7, 8, and 9 • Construction of two water treatment plants • Completion of two water towers totaling 2.75 million gallons • Construction of two water pressure booster /reducer stations • Construction of one water pressure reducing station Well 8 &9 Treatment facility and tower Water Department • Assisted in the review, construction and testing of o 2- booster /pressure reducing stations (Cannonball Tr. And Rt 47 Raintree) o 3- Water towers (North tower, Grande Reserve, Raintree) o 3- Wells (2- Grande Reserve, Raintree) o 2- Treatment facilities (Grande Reserve, Raintree) • Assisted in the emergency repair of Well 3 and existing booster station • Repaired 10 water main breaks with the assistance of all departments • Installed, repaired or replaced 590 water meters and outside readers • Replaced 4 fire hydrants • Installed new water service for Kiwanis Park at Country Hills • Assisted the sewer department installing 36" storm sewer across Van Emmon St. • Provided contractor assistance, sampling and brought in to service all new water mains 12 - - low I - - Street Projects • Cannonball Trail north of Route 34 $ 170,000 • Two annual street maintenance projects - crack filling and asphalt surface treatment • Bristol Ridge Road reconstruction $1.3 million (developer funded) • Corneils Road overlay (joint projectw /Bristol Township) $15,000 • Van Emmon Road overlay (joint project w /Kendall County) $77,000 Street Department o Worked with Sewer Department constructing shoulders and landscaping Van Emmon St paving project o Performed 7 city -wide brush pick ups o Performed 2 city -wide leaf pick ups with the new leaf collector a Performed numerous asphalt patches on problem manholes © Installed storm sewer behind Johnson St. 0 Assisted with the locating of the street lights for the JULIE locates o Worked with ID ®T to improve the traffic signal timing throughout the City o Worked with the Parks Department to install working traffic signals in Rice Park o Coordinated with contractors and developers regarding street lighting and signage in all new subdivisions in regards to placement and ordering !/Taste Management o 6,443 tons of residential refuse 0 1,393 tons of residential recycling 0 104 tons of yard waste 0 3,013 units of residential service 13 YDRKv1LLE ; •: �'-: � I n '4 pgRK6 & RECREATION o 2004 City Golf Outing cr fl ADMINISTRATION / RECREATION • Expanded the Corporate Sponsorship Program and increase revenues and profits for the City Golf Outing, Music Under the Stars & Program Guide • Park Board Member - David Cathey (1998 -2004) retires • Resident Tammy Smock joins Park Board • Secured $74,000 grant from the Illinois Department of Natural Resources for park development • Expanded Youth Soccer by 15% & All Star Sports program. • Introduced new preschool program • Developed Parks job analysis areas • Completed the semi - annual Park Tours • Expanded adult interest programs • Secured Kendall County Youth Service Grant for $2,000 • Athletic Field Reservation Policy Updated PARK DEVELOPMENT • Completed and opened the Beecher Park concession stand • Adopted the updated Parks Master Plan • Windett Ridge subdivision — Provided oversight of bike path construction • Completed development of Kiwanis Park in Country Hills subdivision for $148,000 • Completed development of Rice Park in Rivers Edge subdivision for $150,000. • Secured land for future Gilbert Park for $40,000 • Completed the construction and addition of a shelter at Riverf'ront Park for $50,000 with volunteer services contributed by Mark O'Malley • Sente -Rubel Bosman -Lee (consultant) hired to complete space needs and budget analysis for a proposed new parks maintenance building • Conducted three resident town meetings for new park developments 14 o Completed the naming of new Parks and renaming of some existing parks HIDING SPOT PARK formerly known as PRAIRIE PARK (corner of Park and Freemont Street) In honor of Samantha and Theresa Eberhardt. GILBERT PARK (on the corner of Adrian and Washington Street) In honor of Elsie Louis Gilbert RICE PARK (on Popular Drive in Rivers Edge subdivision) In honor of Virg Rice CRAWFORD PARK & Trail (Rivers Edge Subdivision Park along the Fox River). In honor of Harry L Crawford KMAMS PARK - Country Hills subdivision Country Hills Drive. 11�{ _'� � it f - 1 0j MME PARK - Rivers Edge subdivision 15 LOGRARY 4,301 Library cards issued to residents • 2,799 Children attending programs • 54,604 items checked out • 350 children and 40 adults participated in the summer reading program • 3,659 books interlibrary loan and lent 3,254 books to other libraries • The Library Board presented the referendum for a 34,000 square foot Library Expansion • A referendum for $8.75 million was approved with the construction of the Library Expansion beginning in summer of 2005 . Library EVansion I f forcement To,c], POW K 1 «, United City of Yorkville Park and Recreation and Police participate in the 2 ° annual polar plunge to benefit Special Olympics. 103 plungers raised over $35,000 ' Special Olympics Min °`s PUBLIC SAFETY - Yorkville Police Department • Canine Unit Expanded - YPD added one additional canine unit, K -9 Sammy, assigned to Officer Jeleniewski • Child Safety Seat Inspections /Installations — oncall and 4 scheduled installations 16 i i • Citizen Police Academy — 2 thirteen week session held • Continued to work with Citizens Police Academy Alumni Association • Commendations, Achievements and Appreciation Awards — A total of five Commendations and four Achievement Awards were given to Yorkville Officers this year. One Citizen Appreciation was presented along with one "Saved by the Belt" Award, also. • Continued DARE Program — Kindergarten to 8`' Grade • Began City -wide Emergency Operations Plan — one of three pilot community programs in Illinois. Participated with Regional Institute of Community Policing to prepare a City wide emergency operations plan model. Chief and Mayor presented at Illinois Municipal League and Illinois Association of Chiefs of Police conferences. Plan to be completed in 2005. • Educators Police Academy — The first ever Educators Police Academy was successfully administered in 2004. Teachers, counselors and school staff from Kendall County school districts discussed current issues in regards to gangs, juvenile discipline procedures, and drug and substance abuse, with trained officers and staff from local police departments and support agencies. • Facilitated National Night Out — approximately 250 people attended • Neighborhood Watch — Yorkville Officers increased our Neighborhood Watch groups by a total of 29 groups, giving Yorkville 82 groups city -wide. The officers were quite successful this year in helping citizens with their block parties and keeping neighborhood groups updated."'1Ir N N CO • Provided security at Riverfront Festival • "Story Time" — Yorkville Officers continue to participate in the Yorkville Public Library's "Story ' A Time ", reading stories to children to promote literacy. Shown in the picture to the right is Officer Dave Delaney reading to a group of children. Officers read books two different times with about 10 -15 children at each session. • Total Station — An accident reconstruction tool was purchased and officer Delaney was certified to be an Accident Re- constructionist 17 GOALS FOR 2005 Citywide goals provide broad guidance of what we hope to accomplish, and departmental objectives are the incremental steps necessary to achieve the goals. (Not in order of priority) A. Transportation Improvement • Route 47 improvements • Determine other arterial improvement needs • Look more at alternate river crossings • Transportation for Seniors / Disabled Partner with other groups (i.e. Senior Services) City purchase vehicles to start public transportation program • Pilot Trolley Program B. Control Growth • Encourage retail, manufacturing / industrial Create incentive program • Continue architectural standards • Review development standards • Continue use of development agreements for properties being re -zoned • Review Fees — ongoing • Continued discussion with Montgomery Focus on transportation and land use issues • Complete and accept / approve City Master Facilities plan • Approve south comprehensive plan C. Finance • Create multi -year plan Future revenue sources (i.e. Fees, EVA increases, etc.) Two year budget (approved I year and have 2 nd year concept) • Reduce levy rate (with increase of EAV through new growth) • Maintain fiscal responsibility • Use waster transfer revenue or determine other revenue to pay for Library • Find financing for new public works facility • Improve return on funds (i.e. CD ladder for fund balances, use CD's for reserve land cash) D. Expand Quality of Life • Encourage arts / museums (i.e. development agreements / downtown plan) • Continue to encourage greenways buffers, trails, etc. • Senior facilities Ad hoc committee for Center Encourage senior housing 18 • Continue Scout camp property planning • Continue to expand bike trails • Continue to secure land for regional parks • Continue planning for Municipal pool / water park with possible private /public partnership • Monitor downtown water feature progress • Develop partnership with other service groups and promote educational workshops and seminars E. Economic Development • Bring in waste transfer station • Get urgent care medical facility • Strengthen downtown business environment (Downtown Redevelopment Plan) • Riverfront development — continue looking for possibilities • Develop partnerships with others including private organizations (possible private and public developments). • Develop feasibility of attaining Post Office building downtown — for possible uses • Look at annexing business properties substantially surrounded by the City • Encourage burying utilities when land is developed • Encourage businesses to display the City Flag F. Administration / Staff • In house planning department • Determine needs status for City • Attorney in house / full time • Analyze Building Department for possible in -house and for possible relocation • Determine iob description for an administrative assistant to provide support for Council members G. Public Safety • Develop sidewalk program (safe pedestrian routes) • Implement City Disaster Plan • Determine additional security needs for parks and trails (formation of patrol) • Develop agreement police to allow City to enforce traffic / safety issues on private commercial properties 19