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Administration Packet 2004 09-09-04 =`QED C/T O United City of Yorkville JiiEST. 1 ��1836 County Seat of Kendall County 800 Game Farm Road ,� U) Yorkville,Illinois 60560 o �1 o Phone:630-553-4350 „:27:„ v. Fax:630-553-7575 E �, AGENDA ADMINISTRATION COMMITTEE MEETING THURSDAY, SEPTEMBER 9,2004 6:30 P.M. CITY CONFERENCE ROOM Presentation: Benefit Presentation by Joe Roberts of Caywood and Associates Old Business: 1. Minutes for Approval/Correction: August 12, 2004 2. Monthly Budget Report for July 2004 3. Monthly Updates: a. Planning Coordinator's Fees Spreadsheet b. Website Status c. Revised Project Financial Tracking Worksheet 4. Payroll Direct Deposit- Update 5. Quarterly Department Vehicle Reports 6. Corporate Counsel Job Description 7. Sick Time /Vacation Time—Employee Pool Policy 8. Wearing Apparel 9. Gift/ Grant Policy New Business: 1. Salary Survey: Mayor, Aldermen, Clerk, and Treasurer 2. Request for Graduate Program for City Administrator 3. Bond Ordinance/Trust Indenture for SSA 2004-104 Grande Reserve Central - Fixed Rate Additional Business: Starting in October, the Administration Committee will be meeting on the first Thursday of every month at 6:30 p.m. Next meeting: Thursday, October 7, 2004 Benefit Administration for the United City of Yorkville presented by Joe Roberts Caywood and Associates, Inc. Review of current Employee Benefit Package Group Health Insurance Group Life Insurance Dental and Vision Self Insured plan IMRF Retirement program Employee funded annuities-Deferred Compensation . 9/9/2004 The Need for Review Employee Satisfaction ■ 68% of employees surveyed nationally rate benefits as the number one reason to move employment; ahead of job satisfaction and overall wages. Need to stay current on benefit package to reduce employee turnover. To avoid future problems with self insurance administration 9/9/2004 Comparisons Private Sector SurroundingMunicipalities • Oswego 9 • Plainfield eld • Montgomery 9 Y • Sugar Grove 9/9/2004 Yorkville vs . Others Health Ins All Life All Dental All-Fully insured plans Vision Oswego, Plainfield, Mont. Retirement All What is missing ? Section 125 Plan All Key Person Life Oswego, Plainfield Deferred Comp Sugar Grove, Oswego, Plainfield- funded for administration . 9/9/2004 m m n ation Reco e Implementation of Section 125 plan to combat potential rising health insurance costs Change from self insured to fully insured for _. a1 vision and dental Key Person life insurance on City Administrator Implement at next fiscal year #.r 9/9/2004 Questions & Discussion Page 1 of 81' T UNITED CITY OF YORKVILLE ADMINISTRATION COMMITTEE MEETING THURSDAY,AUGUST 12,2004 6:30 PM City Hall Conference Room PRESENT: Mayor Art Prochaska (6:45) Treasurer Bill Powell Alderman Paul James Lt. Don Schwartzkopf Alderman Larry Kot City Administrator Tony Graff(6:35) Alderman Joe Besco Finance Director Traci Pleckham(6:38) Alderwoman Wanda Ohare Chief Harold Martin(7:37) GUESTS: None The meeting was called to order at 6:30pm by Chairman Paul James. OLD BUSINESS 1. Minutes for Approval/Correction: July 8,2004& November 13, 2003 Alderman James said he prefer clerical/grammatical corrections be "redlined" ahead of time and turned in during the minute approval portion. If an item needs discussion or clarification, it would be done during the meeting. He suggested that all committees should follow this procedure including the C.O.W. and City Council meetings. Administrator Graff was requested to bring this procedural change to the next C.O.W. Wanda Ohare noted that she was not a committee member as of November 13,though she was present at the meeting. Mr. Powell also noted several changes for the November 13th and July 8th minutes. These revisions will be made. 2. Monthly Updates Ms. Pleckham reported that she hopes to implement the joint billing by the October 1s` billing cycle. 3. Nextel Phone Service Billing Update Mr. James commented that he liked the format. The Police Department now has all Nextel phones according to Ms. Pleckham. Page 2 of 8 It was noted that Eric Dhuse's phone bill was split among sewer,water and administration. Additional standby phones are a possibility since there is only one in the office for use during a power outage or emergencies. Mr. Powell suggested contacting the service provider to check into possible accommodations by the provider, in the event of an emergency. No further action is needed on this item. 4. Payroll/Benefits Specialist Job Description After prior discussion between Mr. Graff and Ms. Pleckham, it was decided that currently this position should be titled Payroll/Benefits Specialist with a Human Resource position being considered at a later date. This new position would handle workman's comp, benefits, new hires, and more. It is in the current budget and was approved at a salary of $45,000. Ms. Pleckham feels the salary could be decreased to about $30,000. The projected hire date is October 1st and the labor attorney will be asked to review the job description. Alderman James noted that all job descriptions should be drafted in the same format and a title is needed on all descriptions. The Specialist will be an hourly position and should report to the Finance Department, according to Mr. Graff. Currently,the Accounting Department handles the Human Resource function. This item will be forwarded to the labor attorney for review and then to C.O.W. NEW BUSINESS 1. Full-time Office Assistant Job Description This position will be assisting in the City Clerk's office and would be titled"Clerk's Office Assistant". That person would report to the City Clerk, by statute, which will be verified with the attorney. The projected date of hire is October 1 . 2. Full-time Janitor Job Description The committee discussed hiring ServiceMaster for full time service. Currently, the cleaning is being done by a part-time person who works about 36-40 hours a week and by ServiceMaster 2 days a week, the ServiceMaster cost being $550 per month. A full time person is not budgeted for at this time. If the current person were hired on a full-time basis, the costs would increase due to benefits. The possibility of 2 part-time janitors was also discussed. Administrator Graff stated that by October 1st,the City must either have a second part time person or reduce the current person's hours to 20 hours a week. Other city department cleaning arrangements were discussed. The library has their custodial work done by ServiceMaster, Public Works employs a person 4-6 hours a Page 3 of 8 month and Parks and Rec has a part time person. Another suggestion was a full-time facilities manager with part time-custodians. Mr. Powell recommended 3 part-time positions, so the third person would be available to cover vacations. Some questions that were raised were: 1. Who would manage the part time persons? 2. Are there persons in the job market to fill the positions? 3. Do part time persons receive any benefits? Administrator Graff also said that some retired persons had inquired about part time work. He said that it would be necessary to have someone manage the work if 3 part time people were hired. Alderwoman Ohare felt a full time position should be offered to the current custodian because of the good job she has done. A facility manager was suggested to be included in next year's budget. Another option discussed was to eliminate ServiceMaster and employ a full time person to manage the custodial work. In the future, another full time person would be needed. Mayor Prochaska suggested examining the possibility of a groundskeeper, which would allow Public Works to devote their time to their duties. In conclusion, it was decided to create a full time position, for which the current part time person could apply, when the position is posted. The salary will be classed in the "general support staff' category. There would be no salary increase at this time, however, that employee would receive benefits. In addition, a plan will be formulated to eliminate ServiceMaster within the next 6 months. 3. Part-time Accounting Clerk I Job Description This position would assist the Finance Department. After employing an intern for the summer, it was determined that extra help is needed in that department, however,this is not a budgeted position. Ms. Pleckham recommended hiring a 20-hour a week person at $10.50 per hour. This position could assist Ms. Pleckham and also provide support for the new Benefits Specialist person. The issue of adequate space for additional personnel was raised. There currently is enough space;however, another full time position would decrease the available space. Mr. Graff also stated that in the future the Utility Billing clerk could possibly move to Public Works since that position interacts closely with that department. Mr. Powell suggested a list of budgeted positions and those being considered, be drafted for the benefit of the C.O.W. The committee agreed that would be helpful and Ms. Pleckham stated she had already begun such a list. This item moves to C.O.W. Page 4 of 8 4. NIU MPA Internship Program It was noted that interns are already included in the budget. MU has a graduate program, which provides a part time employee for 2 years. The former intern(Bart)was accepted into that program in Public Administration. Tasks identified for him by the project coordinator, included master planning, records and database for the Clerk's office and assisting the Administrator. He would also assist with the Brownfield grant. During the summer, Bart did a survey of intern position salaries in the area. No contract from NIU has been received yet,though it is expected. The contract will outline the salary, evaluation process, and will recommend the intern attend conferences and join an intern organization. Treasurer Powell feels this is a"win-win" situation since the City gains a high-energy person at a reasonable salary who will do a great job. It was added by Administrator Graff that Bart had assembled the package for the purchase of office furniture, coordinated that project very well and remained under budget. Funding of this position was discussed next. Administrator Graff recommended a salary of$11.50 per hour for the graduate program. There will not be adequate funds for the full year, so some funds will be taken from an administrative position that was budgeted, but not filled. The internship would begin in September or October. Chief Martin suggested the Police Department could also use his services and could assist in offsetting the salary. The committee recommended moving forward with this program and also will examine the salary and available office space for that person. 5. New Personnel FY 04/05—Cost Analysis Ms. Pleckham is working on a draft,though it is not yet complete. This item moves to C.O.W. 6. First-time Homebuyer—Down Payment Assistance Program Alderman James reported this is a program approved each year with the resolution being addressed in November. Previously, a report had been requested, detailing the number of people taking advantage of this program. Ms. Pleckham will obtain a list of banks, contact information etc. who deal with this program. It was decided to wait until November for approval. Page 5 of 8 7. Drug Testing Procedure Administrator Graff noted that some changes to the D.O.T drug testing policy were made by the attorneys. He further said that D.O.T testing is specific by law, while the Police Department does not do random testing, but only "for cause". Two random tests are done each year in Public Works and Parks. These tests are administered by Provena who will be under contract with the City and who is recognized by D.O.T. Alderman Besco stated he would prefer a more local agency to perform the tests and Administrator Graff said Provena does offer on-site testing for a fee. Attorney Kramer will be asked to review the contract and this item will then move to the next C.O.W. 8. Monthly Budget Report for June 2004 A few items were briefly discussed. Administrator Graff then asked Finance Director Pleckham to make a chart of all funds. Mayor Prochaska noted there is an ordinance that governs these reports, which committees need to see them and whether or not the report needs to be forwarded to C.O.W. 9. IMRF Employer Contribution Rate Ms. Pleckham reported that she had received notification that the City is overfunded. She explained this occurred because the City made more money in investment returns last year and the contribution rate increased to 20%. Alderman James asked if the City could reduce the amount the City sends for IMRF. Administrator Graff added that the recommended goal is---to be funded in 4-5 years for the early retirement program. He also said that the excess could be used to pay off the liability, which will lower the contribution rate. Currently, that rate is 10.2% for each employee and next year 8.14% could be paid. As the recognized agent, Ms. Pleckham has the authority to reduce the rate,but she stated there is sufficient time to forward it to C.O.W. and then City Council, for consensus. This item will be sent to C.O.W. with a recommendation to adopt option#2—using the overfunding to pay off the early retirement. 10. Policy Regarding Disposal of City Property The policy states that any item under $500 original value,may be disposed of with Department Head approval. The committee also recommended that Attorney Kelly Kramer be asked to review the draft. Item#3 of the draft addresses the sale of property to relatives. Clarification will be requested regarding the"blood"relative and "officer" of the City. After review, Administration will bring this item back to committee for • Page 6 of 8 more discussion. Additionally, it was suggested that other departments be notified when City property is to be disposed of. 11. Carpeting Quotes Since the carpet in City offices has buckled due to the floor setting, there was a discussion to determine a solution to the problem. The present carpeting is 4 years old. The Council Chambers does not need to be repaired; however, the conference room, Mayor's office and main office need to be redone. Carpet samples for possible replacement were displayed at the committee meeting. Restretching the present carpeting was discussed as an option, however, it was recommended that it be replaced. Carpet padding was also suggested to reduce the noise and for carpet longevity. One company suggested new underlayment, while another suggested gluing the carpet down. The underlayment was not considered as a viable solution and the carpet cannot be stretched in the future, if it is glued. Another suggestion was felt pads. Administrator Graff pointed out that action needs to be taken for safety reasons and that funds would come from Contingency. Chief Martin agreed with the safety reasons, especially if police officer's weapons were involved. After much discussion, it was decided to fix/patch the carpet in the conference room, Mayor's office and main offices with the non-snag carpeting. An attempt will be made to match the Council Chambers carpet. Those patches will be glued. The carpet in the Police Department will be replaced. Alderman Kot expressed concern that even though the cost would be under $5,000, it's not a budgeted item. Mayor Prochaska said that Council approval would be needed. The committee recommended that estimates be obtained for a future C.O.W meeting for more discussion. The item will then be forwarded to the City Council. 12. Resolution for Feasibility Study for Countryside Center TIF Administrator Graff said that a developer had paid for a feasibility study of this area, which includes the courtyards, theater, 3 buildings and the parking lot. The attorneys who completed the study stated that the area qualified as a TIF district. The developer then asked the City to consider this and move it forward to the public hearing stage. If the TIF is approved, money will be expended, however,the money would be reimbursed upon approval. Mr. Graff further explained that the resolution must be passed for the developer to be able to recapture those dollars. The draft of the resolution has been received. Page 7 of 8 Alderman Kot requested current numbers on the industrial park TIF,the effect it has had etc. He felt it would be good to have this for a historical perspective. The Mayor stated this area has been very successful as a TIF area. The committee recommended this item be moved to C.O.W. 13. City Attorney Job Description —Discussion Mayor Prochaska referred to the sample Corporation Counsel Job Description in the agenda packets. He said the City is in need of a full time attorney. During the time period May 2003 to July 2004, a total of$30,140 was spent from the General Fund for attorney costs. The annual salary for the City Attorney is presently $11,500. Ms. Pleckham also said no fees were included in regards to the bond issues. During the aforementioned time period, a total of$146,000 was spent,not including salary and benefits. Approximately$100,000 of that total was reimbursed. Currently,the City Attorney does not charge for City Council meetings or other incidental discussions. A survey of corporate counsel costs for other towns was completed by Administrator Graff. Alderman Kot asked to review the study. The issue is whether the City needs a full or part time attorney. If a full time attorney is hired, he/she would be a municipal attorney with no other conflicts. Alderman Kot suggested that hiring a large law firm might be advantageous since many areas of expertise would be represented. Mayor Prochaska stated that the City is already utilizing the services of other attorneys, such as labor attorneys etc. Mayor Prochaska further stated that many times, the City Attorney is not readily available for appointments. With the current growth and amount of work, he would like to employ a full time attorney and a possible assistant for next fiscal year. At many City meetings, developers/other interested parties are accompanied by their attorneys, while the City is not represented. Meetings have been abbreviated due to lack of City representation. The Mayor would like to have an attorney available at City Hall for certain hours so meetings can be arranged around that time frame. This need is becoming greater. This issue has been discussed with Attorney Dan Kramer. Attorney Dan Kramer has tried to give Attorney Kelly Kramer more hours to utilize for City business, however, that is not always possible. Administrator Graff said that an attorney is needed to be able to deal with future major developers. Mayor Prochaska also stated that the reimbursables will also increase as a result of the development. Alderwoman Ohare asked if a paralegal could assist with research. Mayor Prochaska replied that a paralegal could be considered, though they cannot give advice. Administrator Graff advised that Attorney Kramer had asked City personnel to cease copying documents, which had not been legally proofed. In addition, Executive Sessions cannot be held without legal approval. Page 8 of 8 According to Mayor Prochaska, an assistant attorney might possibly be hired for less money since they might be younger,just out of school, etc. Alderman Ohare asked if Attorney Dan Kramer could hire another person at his office who could work at the City a couple days a week to minimize costs. The Mayor stated that the statutes would need to be reviewed. He pointed out that when a City Attorney is appointed, it is the actual person who is appointed, not the firm. For example, the City cannot refer to Attorney Kelly Kramer as the City Attorney, she is a representative of the City Attorney. Alderman Kot suggested that a retiree might consider working part time. In conclusion, more information is needed for continued discussion at the next Administration meeting. ADDITIONAL BUSINESS Alderman James suggested a salary survey for the Mayor, Aldermen, City Council and all elected officials. In order to vote on this issue, 120-180 days must be allowed. The exact time frame will be ascertained. It was determined that the Data Guard, discussed at the previous meeting, is used for scanning checks at banks and is not appropriate for City use. It was added that the Technology committee will be looking at document recovery. Alderman Kot questioned what had been resolved regarding the Public Works Director salary survey. According to Alderman Besco,the survey had been flawed due to improper data entry by another municipality. Eric Dhuse will gather some information and the item will return to the Public Works Committee. Treasurer Powell and Finance Director Pleckham drafted a standard proposal form to issue to banks,to be utilized for any bond issues. This form has saved time and many phone calls and the banks are happy with the form. This is for information--no approval is needed. Administrator Graff stated that Mayor Prochaska requested that items from specific committees be addressed at specific C.O.W. meetings. As a result, the Administration meeting would need to be moved to the first Thursday of the month with the time remaining at 6:30pm. This would commence in October. An alternative recommendation by Mayor Prochaska, is that items from Administration would be slated for the first C.O.W. of the each month, unless the issue were time sensitive. It was agreed that the Administration meeting would move to the first Thursday of the month. The meeting was adjourned at 8:50pm. Respectfully submitted by Marlys Young, Minute Taker UNITED CITY OF YORKVILLE BUDGET 2004-2005 GENERAL FUND SUMMARY PERIOD ENDING JULY 31, 2004 25% OF FISCAL YEAR REVENUE/EXPENSE THRU 2004-2005 PERCENT VS. JULY 31, 2004 BUDGET BUDGET AMOUNT a a c F45 l T 63 'b a a`a� rs x <C. pt1 d y t i bft PU m �og TOTAL GENERAL E,^ -s 4. h. , flC's• .. , ,w,,. ; ,.. e .., .,,... .�1 ..u.,,,,, .r... t P,r-w 3. , ,. m.&a..ia GENERAL FUND EXPENSES FINANCE &ADMINISTRATION 715,394 3,967,465 18.03% ENGINEERING 110,559 385,870 28.65% POLICE 482,471 1,881,291 25.65% BUILDING &ZONING 1,480 137,400 1.08% STREETS 261,786 3,923,110 6.67% HEALTH & SANITATION 78,602 493,123 15.94% NIM IFO " �` o4 az - , roa o f c z w a a* v �' AR og .M A .� m'a, 'e .�,�� 'TOTAL GENET AL,FUND EXPENSES , . .'1,650,293 10,788,259 ;r0;47°531454-13:8109- '1530 „-4 9/9/2004 UNITED CITY OF YORKVILLE DETAILED REVENUE & EXPENSE REPORT • AS OF JULY 31, 2004 2.5' 0 General Fund Revenue 1 Finance 3 Engineering 6 Police 7 Building and Zoning 9 Streets and Alleys 10 Health and Sanitation 12 Motor Fuel Tax Fund 13 Municipal Building 15 • Police Equipment Capital 17 Public Works Equipment Capital 19 Parks &Recreation Equipment Capital 21 Sanitary Sewer Improvement& Expansion 23 Water Improvement&Expansion 25 Debt Service Fund 28 Water Operations 30 Sewer Maintenance 34 Land Cash 37 Land Acquisition 41 Parks &Recreation 42 • Library 47 Fox Industrial 51 • • DATE: 09/08/20(7�I UNITED CITY OF YORKVILLE PAGE: 1 TIME: 16:30:14 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED GENERAL REVENUES TAXES 01-000-40-00-3997 IN TOWN ROAD PROGRAM FUNDING 0.00 0.00 620,000.00 0.0 01-000-40-00-3998 MPI BRISTOL RIDGE RD FUNDING 507,738.11 507,738.11 2,690,000.00 18 .8 01-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 104,000.00 0.0 01-000-40-00-4000 REAL ESTATE TAXES 621, 605.10 621, 605.10 1,289,736.00 48.1 01-000-40-00-4001 TOWN ROAD/BRIDGE TAX 49,002.76 49,002.76 95,000.00 51.5 01-000-40-00-4010 PERSONAL PROPERTY TAX 1,074 .39 1,074.39 10,000.00 10.7 01-000-40-00-4020 STATE INCOME TAX 52,461.17 52,461.17 566,891.00 9.2 01-000-40-00-4030 MUNICIPAL SALES TAX 170,752.36 170,752.36 1,953,000.00 8 .7 01-000-40-00-4032 STATE USE TAX 6,823.99 6,823.99 79, 101.00 8.6 01-000-40-00-4040 MUNICIPAL UTILITY TAX 76, 125.74 155,599.53 560,000.00 27.7 01-000-40-00-4041 UTILITY TAX - NICOR 0.00 0.00 26,000.00 0.0 01-000-40-00-4042 UTILITY TAX - CABLE TV 0.00 0.00 48,000.00 0.0 01-000-40-00-4043 UTILITY TAX - TELEPHONE 29,557.88 32, 959.64 220,000.00 14.9 01-000-40-00-4050 HOTEL TAX 1, 639.64 4,873.41 19,000.00 25.6 TOTAL TAXES 1,516,781.14 1, 602,890.46 8,280,728.00 19.3 LICENSES & PERMITS 01-000-41-00-4100 LIQUOR LICENSE 933.64 2, 147.62 22,500.00 9.5 01-000-41-00-4101 OTHER LICENSES 290.00 930.00 3,500.00 26.5 01-000-41-00-4110 BUILDING PERMITS 55, 559.00 252, 919.00 870,000.00 29.0 TOTAL LICENSES & PERMITS 56,782.64 255, 996.62 896,000.00 28.5 CHARGES FOR SERVICES 01-000-42-00-4205 FILING FEES 583.00 3, 803.00 20,000.00 19.0 01-000-42-00-4206 GARBAGE SURCHARGE 126.33 28,536.07 171,590.00 16.6 01-000-42-00-4207 REFUSE STICKERS 0.00 53.00 0.00 100.0 01-000-42-00-4208 COLLECTION FEE - YBSD 0.00 0.00 44, 441.00 0.0 01-000-42-00-4210 DEVELOPMENT FEES 2,330.00 20,353.39 520,000.00 3.9 01-000-42-00-4211 ENGINEERING CAPITAL FEE 0.00 200.00 20,000.00 1.0 TOTAL CHARGES FOR SERVICES 3,039.33 52,945.46 776,031.00 6.8 FINES & FORFEITS P1 DATE: 09/08/ 4 UNITED CITY OFQKVILLE PA• 2 TIME: 16:30:14 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED GENERAL REVENUES FINES & FORFEITS 01-000-43-00-4310 TRAFFIC FINES 5, 938.35 17,930.18 70,000.00 25.6 01-000-43-00-4315 REIMBURSE POLICE TRAINING 0.00 0.00 3,500.00 0.0 01-000-43-00-4320 ORDINANCE FEES 150.00 480.00 2,500.00 19.2 TOTAL FINES & FORFEITS 6,088.35 18,410.18 76,000.00 24.2 MISCELLANEOUS 01-000-44-00-4401 DARE DONATIONS 0.00 0.00 1,000.00 0.0 01-000-44-00-4402 ROB ROY CREEK HYDRAULIC STUDY 0.00 0.00 20,000.00 0.0 01-000-44-00-4410 REIMBURSEMENTS - OTHER GOVTS 0.00 0.00 0.00 0.0 01-000-44-00-4411 REIMBURSEMENTS-POLICE PROTECTN 225.00 1,005.00 2,500.00 40.2 01-000-44-00-4420 SIDWALK CONSTRUCTION 596.48 596.48 5,000.00 11.9 01-000-44-00-4490 MISCELLANEOUS INCOME 269.76 4,360.32 10,000.00 43.6 TOTAL MISCELLANEOUS 1,091.24 5,961.80 38,500.00 15.4 INTERGOVERNMENTAL 01-000-45-00-4505 COPS GRANT - VESTS 0.00 0.00 2,000.00 0.0 01-000-45-00-4510 COPS GRANT 0.00 12,228.92 41,000.00 29.8 01-000-45-00-4521 ICJIA BLOCK GRANT 0.00 0.00 0.00 0.0 TOTAL INTERGOVERNMENTAL 0.00 12,228.92 43,000.00 28.4 INTEREST 01-000-46-00-4600 INVESTMENT INCOME 0.00 360.40 8,000.00 4.5 TOTAL INTEREST 0.00 360.40 8,000.00 4.5 TRANSFERS 01-000-49-00-4915 TRANSFER FROM WATER OPERATIONS 50,000.00 50,000.00 200,000.00 25.0 01-000-49-00-4920 TRANSFER FROM SEWER MAINT. 17,500.00 17,500.00 70,000.00 25.0 01-000-49-00-4925 TRANSFER FROM SAN. SEWER 50,000.00 50,000.00 200,000.00 25.0 I 01-000-49-00-4930 TRANSFER FROM WATER IMPROVE. 50,000.00 50,000.00 200,000.00 25.0 TOTAL TRANSFERS 167,500.00 167, 500.00 670,000.00 25.0 P2 DATE: 09/08/2. UNITED CITY OF YSILLE PAG• 3 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL REVENUES: GENERAL 1,751,282.70 2,116,293.84 10,788,259.00 19.6 FINANCE & ADMINISTRATION EXPENSES PERSONNEL SERVICES 01-110-50-00-5100 SALARIES - MAYOR 0.00 0.00 7,500.00 0.0 01-110-50-00-5101 SALARIES - CITY CLERK 0.00 0.00 3, 600.00 0.0 01-110-50-00-5102 SALARIES - CITY TREASURER 0.00 0.00 3, 600.00 0.0 01-110-50-00-5103 SALARIES - ALDERMAN 0.00 0.00 28,800.00 0.0 01-110-50-00-5104 SALARIES - LIQUOR COMMISSIONER 0.00 0.00 1,000.00 0.0 01-110-50-00-5105 SALARIES - CITY ATTORNEY 884.80 3,096.80 13,500.00 22.9 01-110-50-00-5106 SALARIES - ADMINISTRATIVE 28, 813.92 97,553.58 459,223.00 21.2 01-110-50-00-5136 SALARIES - PART TIME 6,188.20 11,413.45 13,500.00 84 .5 01-110-50-00-5137 SALARIES - OVERTIME 0.00 23.25 1,500.00 1.5 01-110-50-00-5199 MSI PAYROLL 0.00 0.00 0.00 0.0 01-110-50-00-5202 BENEFITS-UNEMPLOY. COMP. TAX 0.00 0.00 9,000.00 0.0 01-110-50-00-5203 BENEFITS - HEALTH INSURANCE 40,137.49 74,125.21 621,000.00 11.9 01-110-50-00-5204 BENEFITS - GROUP LIFE INSURANC 1, 484.01 2,884.14 18,000.00 16.0 01-110-50-00-5205 BENEFITS - DENTAL/VISION ASST 3,398.90 8,173.68 50,000.00 16.3 TOTAL PERSONNEL SERVICES 80,907.32 197,270.11 1,230,223.00 16.0 PROFESSIONAL SERVICES 01-110-61-00-5300 LEGAL SERVICES 157.50 290.00 30,000.00 0.9 01-110-61-00-5304 AUDIT FEES & EXPENSES 0.00 0.00 14, 660.00 0.0 01-110-61-00-5305 ACCOUNTING ASSISTANCE 1,289.75 2,143.75 5,000.00 42.8 01-110-61-00-5307 ACCOUNTING SYSTEM REVIEW 0.00 0.00 0.00 0.0 01-110-61-00-5308 GASB 34 0.00 0.00 15,000.00 0.0 01-110-61-00-5310 EMPLOYEE ASSISTANCE 850.00 850.00 4,500.00 18.8 01-110-61-00-5311 CODIFICATION 0.00 0.00 5,000.00 0.0 01-110-61-00-5314 BUILDING INSPECTIONS 74,970.25 157,973.50 607,500.00 26.0 01-110-61-00-5322 BONDING 0.00 757.00 2,000.00 37.8 TOTAL PROFESSIONAL SERVICES 77,267.50 162,014.25 683, 660.00 23.6 CONTRACTUAL SERVICES P3 DATE: 09/084 UNITED CITY OFFKVILLE PIP 4 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED FINANCE & ADMINISTRATION EXPENSES CONTRACTUAL SERVICES 01-110-62-00-5400 INSURANCE-LIABILITY & PROPERTY 0.00 0.00 125,000.00 0.0 01-110-62-00-5401 CONTRACTUAL SERVICES 5,546.50 6, 678.50 37,300.00 17.9 01-110-62-00-5403 SPECIAL CENSUS 0.00 0.00 0.00 0.0 01-110-62-00-5404 CABLE CONSORTIUM FEE 0.00 0.00 30, 000.00 0.0 01-110-62-00-5406 OFFICE CLEANING 2,527.60 8,182.43 25,000.00 32.7 01-110-62-00-5410 MAINTENANCE - OFFICE EQUIPMENT 126.90 126.90 500.00 25.3 01-110-62-00-5411 MAINTENANCE - COMPUTERS 7,505.57 7,505.57 6,000.00 125.0 01-110-62-00-5412 MAINTENANCE - PHOTOCOPIERS 1, 616.00 3,232.00 19,392.00 16.6 01-110-62-00-5421 WEARING APPAREL 0.00 0.00 0.00 0.0 01-110-62-00-5427 FACADE PROGRAM 2,000.00 2,000.00 20,000.00 10.0 01-110-62-00-5436 TELEPHONE 1,742.63 3,569.42 20,000.00 17.8 01-110-62-00-5437 ACCTG SYSTEM SERVICE FEE 0.00 0.00 7,385.00 0.0 01-110-62-00-5438 CELLULAR TELEPHONE 190.19 315.10 2,300.00 13.7 01-110-62-00-5439 TELEPHONE SYSTEMS MAINTENANCE 0.00 0.00 5,000.00 0.0 TOTAL CONTRACTUAL SERVICES 21,255.39 31, 609.92 297, 877.00 10.6 PROFESSIONAL DEVELOPMENT 01-110-64-00-5600 DUES 349.75 349.75 4,000.00 8.7 01-110-64-00-5601 ILLINOIS MUNICIPAL LEAGUE DUES 0.00 0.00 551.00 0.0 01-110-64-00-5603 SUBSCRIPTIONS 195.00 195.00 400.00 48.7 01-110-64-00-5604 TRAINING & CONFERENCES 1,030.00 1,030.00 6, 000.00 17.1 01-110-64-00-5605 TRAVEL/MEALS/LODGING 691.05 745.05 19,000.00 3.9 01-110-64-00-5607 PUBLIC RELATIONS 1,749.21 2,492.73 11,000.00 22.6 TOTAL PROFESSIONAL DEVELOPMENT 4,015.01 4,812.53 40, 951.00 11.7 OPERATIONS 01-110-65-00-5800 CONTINGENCIES 0.00 9, 130.50 122, 523.00 7.4 01-110-65-00-5802 OFFICE SUPPLIES 524.65 1,506.39 12,000.00 12.5 01-110-65-00-5804 OPERATING SUPPLIES 1,121.21 1,196.91 8,000.00 14.9 01-110-65-00-5808 POSTAGE & SHIPPING 3,199.80 4,216.24 8,000.00 52.7 01-110-65-00-5809 PRINTING & COPYING 62.50 226.91 7,000.00 3.2 01-110-65-00-5810 PUBLISHING & ADVERTISING 481.86 481.86 2,000.00 24.0 01-110-65-00-5844 MARKETING - HOTEL TAX 381.00 381.00 19,000.00 2.0 P4 DATE: 09/08/20 UNITED CITY OF Y . ILLS PAGO5 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL OPERATIONS 5,771.02 17,139.81 178,523.00 9.6 RETIREMENT 01-110-72-00-6500 IMRF PARTICIPANTS 3,189.80 10,834.81 47,754.00 22.6 01-110-72-00-6501 SOCIAL SECURITY & MEDICARE 2,896.62 9, 104.13 37,770.00 24.1 TOTAL RETIREMENT 6,086.42 19, 938.94 85,524.00 23.3 CAPITAL OUTLAY 01-110-75-00-7002 COMPUTER EQUIP & SOFTWARE 287.50 363.99 8,000.00 4.5 01-110-75-00-7003 OFFICE EQUIPMENT 89.99 89.99 4,000.00 2.2 TOTAL CAPITAL OUTLAY 377.49 453.98 12,000.00 3.7 OTHER OPERATING EXPENSES 01-110-78-00-9001 CITY TAX REBATE 83.94 83.94 1,200.00 6.9 01-110-78-00-9002 NICOR GAS 180.59 1, 198.38 20,000.00 5.9 01-110-78-00-9003 SALES TAX REBATE 35,314 .63 37,078.24 333,500.00 11.1 01-110-78-00-9004 MISCELLANEOUS 20.00 20.00 100.00 20.0 01-110-78-00-9005 MERIT/PAY EQUITY 0.00 0.00 89,000.00 0.0 TOTAL OTHER OPERATING EXPENSES 35,599.16 38,380.56 443,800.00 8.6 TRANSFERS 01-110-99-00-9923 TRANSFER TO LIBRARY 0.00 0.00 19,811.00 0.0 01-110-99-00-9925 TRANSFER TO SAN SEWER 37,500.00 37,500.00 150,000.00 25.0 01-110-99-00-9940 TRANSFER TO PARK & RECREATION 189,124 .00 189,124.00 756,496.00 25.0 01-110-99-00-9941 TRANSFER TO PARK/REC CAPITAL 9, 150.00 9, 150.00 36, 600.00 25.0 01-110-99-00-9945 TRANSFER TO MUNICIPAL BLDG 8,000.00 8,000.00 32,000.00 25.0 01-110-99-00-9965 TRANSFER TO DEBT SERVICE 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 243,774 .00 243,774.00 994, 907.00 24 .5 TOTAL EXPENSES: FINANCE & ADMINISTRATION 475,053.31 715,394.10 3,967, 465.00 18.0 ENGINEERING EXPENSES P5 DATE: 09/0804 UNITED CITY OFQKVILLE P110 6 DIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED ENGINEERING PERSONNEL SERVICES 01-150-50-00-5107 SALARIES-EMPLOYEES 18, 924. 64 63, 255.33 235,883.00 26.8 01-150-50-00-5137 SALARIES-OVERTIME 86.32 164.47 500.00 32.8 TOTAL PERSONNEL SERVICES 19,010.96 63,419.80 236,383.00 26.8 CONTRACTUAL SERVICES 01-150-62-00-5401 CONTRACTUAL SERVICES 2,737.45 9,489.71 40,000.00 23.7 01-150-62-00-5409 MAINTENANCE-VEHICLES 679.09 739.08 4,500.00 16.4 01-150-62-00-5410 MAINTENANCE-OFFICE EQUIP 0.00 0.00 2,000.00 0.0 01-150-62-00-5411 MAINTENANCE-COMPUTERS 1, 641.40 2, 640.40 3,500.00 75.4 01-150-62-00-5421 WEARING APPAREL 0.00 186.00 1, 100.00 16.9 01-150-62-00-5438 CELLULAR TELEPHONE 139.33 347.38 2,800.00 12.4 TOTAL CONTRACTUAL SERVICES 5,197.27 13,402.57 53,900.00 24.8 PROFESSIONAL DEVELOPMENT 01-150-64-00-5600 DUES 0.00 0.00 300.00 0.0 01-150-64-00-5604 TRAINING & CONFERENCES 0.00 25.00 2,500.00 1.0 01-150-64-00-5605 TRAVEL EXPENSE 0.00 0.00 1,000.00 0.0 01-150-64-00-5616 BOOKS & PUBLICATIONS 0.00 0.00 200.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 0.00 25.00 4,000.00 0.6 OPERATIONS 01-150-65-00-5801 ENGINEERING SUPPLIES 33.92 897.05 2,000.00 44.8 01-150-65-00-5802 OFFICE SUPPLIES 625.81 763.99 1, 500.00 50.9 01-150-65-00-5809 PRINTING & COPYING 53.50 210.27 1,200.00 17.5 01-150-65-00-5814 STORM WATER SOFTWARE/TRAINING 0.00 1,000.00 5,000.00 20.0 01-150-65-00-5815 ROB ROY CREEK HYDRAULIC STUDY 0.00 0.00 0.00 0.0 01-150-65-00-5820 PICK UP TRUCK 767.00 19, 602.57 40,000.00 49.0 TOTAL OPERATIONS 1,480.23 22, 473.88 49,700.00 45.2 RETIREMENT 01-150-72-00-6500 IMRF PARTICIPANTS 1, 914.40 6,386.35 23,804.00 26.8 01-150-72-00-6501 SOCIAL SECURITY & MEDICARE 1, 454.34 4, 851.65 18, 083.00 26.8 P6 DATE: 09/08/20 UNITED CITY OF YSILLE PACO 7 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL RETIREMENT 3,368.74 11,238.00 41,887.00 26.8 TOTAL EXPENSES: ENGINEERING 29,057.20 110,559.25 385,870.00 28.6 PUBLIC SAFETY/POLICE DEPT. EXPENSES PERSONNEL SERVICES 01-210-50-00-5107 SALARIES - EMPLOYEES 36, 618.34 133,975.66 531,563.00 25.2 01-210-50-00-5131 SALARIES - LIEUTENANT/SERGEANT 38,297.06 126,498.67 446,104.00 28.8 01-210-50-00-5133 SALARIES - COPS 11,212.94 40,139.86 148,496.00 27 .0 01-210-50-00-5134 SALARIES - CROSSING GUARD 0.00 1,725.57 10,000.00 17.2 01-210-50-00-5135 SALARIES - POLICE CLERKS 7,015.70 24, 189.73 100,307.00 24 .1 01-210-50-00-5136 SALARIES - PART TIME 950.63 2, 676.97 20,000.00 13.3 01-210-50-00-5137 SALARIES - OVERTIME 1,797.03 8,732.67 50,000.00 17.4 TOTAL PERSONNEL SERVICES 95,891.70 339, 939.13 1,306, 470.00 26.0 PROFESSIONAL SERVICES 01-210-61-00-5300 LEGAL SERVICES 0.00 0.00 6,300.00 0.0 TOTAL PROFESSIONAL SERVICES 0.00 0.00 6,300.00 0.0 CONTRACTUAL SERVICES 01-210-62-00-5408 MAINTENANCE - EQUIPMENT 1,746.71 1,746.71 8,000.00 21.8 01-210-62-00-5409 MAINTENANCE - VEHICLES 3,952.26 4,424 .95 21,000.00 21.0 01-210-62-00-5410 MAINT-OFFICE EQUIPMENT 330.50 703.12 2,500.00 28.1 01-210-62-00-5411 MAINTENANCE - COMPUTERS 0.00 250.00 2,000.00 12.5 01-210-62-00-5414 WEATHER WARNING SIREN MAINT 0.00 1,820.00 8,000.00 22.7 01-210-62-00-5421 WEARING APPAREL 1, 633.62 2,376.56 20,000.00 11.8 01-210-62-00-5422 COPS GRANT IV - VESTS 1,117 .28 1,117.28 2,500.00 44 .6 01-210-62-00-5423 CLASY GRANT 0.00 0.00 4,000.00 0.0 01-210-62-00-5424 ICJIA-JUVENILE 0.00 0.00 5,000.00 0.0 01-210-62-00-5427 ICJIA BLOCK GRANT 0.00 0.00 0.00 0.0 01-210-62-00-5429 PSYCHOLOGICAL TESTING 0.00 0.00 1,000.00 0.0 01-210-62-00-5430 HEALTH SERVICES 77 .35 307.92 3,000.00 10.2 P7 1111 DATE: 09/08/2004 UNITED CITY OF YORKVILLE PA : 8 DIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED PUBLIC SAFETY/POLICE DEPT. EXPENSES CONTRACTUAL SERVICES 01-210-62-00-5431 LABORATORY FEES 0.00 0.00 1,000.00 0.0 01-210-62-00-5436 TELEPHONE 1,772.09 3,595.14 20,000.00 17.9 01-210-62-00-5438 CELLULAR TELEPHONE 1, 997.64 2,585.75 13,000.00 19.8 01-210-62-00-5440 PAGERS 0.00 0.00 0.00 0.0 01-210-62-00-5441 MTD-ALERTS FEE 0.00 1,056.00 2,300.00 45.9 TOTAL CONTRACTUAL SERVICES 12, 627.45 19,983.43 113,300.00 17.6 PROFESSIONAL DEVELOPMENT 01-210-64-00-5600 DUES 70.00 1,855.00 2,250.00 82.4 01-210-64-00-5603 SUBSCRIPTIONS 0.00 59.95 300.00 19.9 01-210-64-00-5604 TRAINING & CONFERENCE 6,571.52 11,244 .02 16,000.00 70.2 01-210-64-00-5605 TRAVEL EXPENSES 1,300.96 3, 411.72 7,000.00 48.7 01-210-64-00-5606 COMMUNITY RELATIONS 65.57 65.57 5,250.00 1.2 01-210-64-00-5607 POLICE COMMISSION 612.81 2, 140.78 11,000.00 19.4 01-210-64-00-5608 TUITION REIMBURSEMENT 0.00 490.00 14,000.00 3.5 01-210-64-00-5609 POLICE RECRUIT ACADEMY 0.00 0.00 3,500.00 0.0 01-210-64-00-5610 GUN RANGE FEES 56.64 56.64 625.00 9.0 01-210-64-00-5611 SRT FEE 0.00 0.00 2,000.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 8, 677.50 19,323.68 61, 925.00 31.2 OPERATIONS 01-210-65-00-5800 CONTINGENCIES 0.00 0.00 0.00 0.0 01-210-65-00-5802 OFFICE SUPPLIES 494 .93 1,094.31 6,500.00 16.8 01-210-65-00-5804 OPERATING SUPPLIES 1,342.58 1, 642.33 15,750.00 10.4 01-210-65-00-5808 POSTAGE & SHIPPING 6.49 16.48 3,000.00 0.5 01-210-65-00-5809 PRINTING & COPYING 0.00 244.05 4,500.00 5.4 01-210-65-00-5810 PUBLISHING & ADVERTISING 0.00 0.00 1,000.00 0.0 01-210-65-00-5812 GASOLINE 5,038.96 4,997.69 30,000.00 16.6 01-210-65-00-5813 AMMUNITION 0.00 0.00 5, 000.00 0.0 TOTAL OPERATIONS 6,882.96 7, 994.86 65,750.00 12.1 RETIREMENT P8 � • DATE: 09/08/20 UNITED CITY OF YO1ZkVILLE PAGE: 9 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED PUBLIC SAFETY/POLICE DEPT. EXPENSES RETIREMENT 01-210-72-00-6500 IMRF PARTICIPANTS 574 .94 2,023.53 10,101.00 20.0 01-210-72-00-6501 SOCIAL SECURITY & MEDICARE 7,386.77 26,069.73 99, 945.00 26.0 01-210-72-00-6502 POLICE PENSION 66,745.91 66,745.91 207,000.00 32.2 TOTAL RETIREMENT 74,707.62 94,839.17 317,046.00 29.9 CAPITAL OUTLAY 01-210-75-00-7002 COMPUTER EQUIP & SOFTWARE 0.00 0.00 8,500.00 0.0 TOTAL CAPITAL OUTLAY 0.00 0.00 8,500.00 0.0 OTHER OPERATING EXPENSES 01-210-78-00-9004 BIKE PATROL 263.80 390.85 2,000.00 19.5 TOTAL OTHER OPERATING EXPENSES 263.80 390.85 2,000.00 19.5 TRANSFERS 01-210-99-00-9910 TRANSFER TO PD CAPITAL FUND 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 0.00 0.00 0.00 0.0 TOTAL EXPENSES: PUBLIC SAFETY/POLICE DEPT. 199,051.03 482,471.12 1,881,291.00 25.6 BUILDING & ZONING EXPENSES PROFESSIONAL SERVICES 01-220-61-00-5300 LEGAL SERVICES 0.00 0.00 12,000.00 0.0 TOTAL PROFESSIONAL SERVICES 0.00 0.00 12,000.00 0.0 CONTRACTUAL SERVICES 01-220-62-00-5401 CONTRACTUAL SERVICES 562.50 562.50 50,000.00 1.1 01-220-62-00-5430 PLANNING CONSULTANT 0.00 172.50 20,000.00 0.8 P9 1111 )ATE: 09/08/2004 UNITED CITY OF�VILLE PAP 10 LIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ED: GL470OO2.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED 3UILDING & ZONING DCPENSES CONTRACTUAL SERVICES 01-220-62-00-5432 ECONOMIC DEVELOPMENT 0.00 0.00 45,000.00 0.0 TOTAL CONTRACTUAL SERVICES 562.50 735.00 115,000.00 0.6 PROFESSIONAL DEVELOPMENT 01-220-64-00-5600 DUES 0.00 0.00 200.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 0.00 0.00 200.00 0.0 OPERATIONS 01-220-65-00-5804 OPERATING SUPPLIES 167.96 167.96 1,000.00 16.7 01-220-65-00-5809 PRINTING & COPYING 150.00 150.00 700.00 21.4 01-220-65-00-5810 PUBLISHING & ADVERTISING 149.70 149.70 8,000.00 1.8 01-220-65-00-5814 BOOKS & MAPS 257.50 277.50 500.00 55.5 TOTAL OPERATIONS 725.16 745.16 10,200.00 7.3 TOTAL EXPENSES: BUILDING & ZONING 1,287.66 1,480.16 137,400.00 1.0 STREETS EXPENSES PERSONNEL SERVICES 01-410-50-00-5107 SALARIES - EMPLOYEE 11,732.82 40,361.31 156, 643.00 25.7 01-410-50-00-5136 SALARIES - PART TIME 794.50 1, 610.50 5, 500.00 29.2 01-410-50-00-5137 SALARIES - OVERTIME 413.13 2, 646.68 18, 000.00 14.7 TOTAL PERSONNEL SERVICES 12, 940.45 44, 618.49 180,143.00 24 .7 PROFESSIONAL SERVICES 01-410-61-00-5313 ENGINEERING 4, 269.00 4,269.00 120, 000.00 3.5 01-410-61-00-5314 INSPECTIONS & LICENSES 0.00 0.00 100.00 0.0 TOTAL PROFESSIONAL SERVICES 4,269.00 4,269.00 120, 100.00 3.5 P10 DATE: 09/08/20 UNITED CITY OF YORRVILLE PAGE. 11 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED STREETS CONTRACTUAL SERVICES 01-410-62-00-5401 CONTRACTUAL SERVICES 200.00 200.00 2,000.00 10.0 01-410-62-00-5408 MAINTENANCE-EQUIPMENT 215.61 1,183.55 10,000.00 11.8 01-410-62-00-5409 MAINTENANCE-VEHICLES 746.00 575.56 11,000.00 5.2 01-410-62-00-5414 MAINTENANCE-TRAFFIC SIGNALS 3,546.36 4,261.06 12,500.00 34.0 01-410-62-00-5415 MAINTENANCE-STREET LIGHTS 3,231.52 3,983.27 20,500.00 19.4 01-410-62-00-5420 MAINTENANCE-STORM SEWER 0.00 997.18 5,000.00 19.9 01-410-62-00-5421 WEARING APPAREL 0.00 250.67 5,800.00 4.3 01-410-62-00-5434 RENTAL-EQUIPMENT 0.00 0.00 1,000.00 0.0 01-410-62-00-5435 ELECTRICITY 4, 167.49 7,897.43 47,000.00 16.8 01-410-62-00-5438 CELLULAR TELEPHONE 72.27 251.97 2, 600.00 9.6 01-410-62-00-5440 STREET LIGHTING 0.00 0.00 4,500.00 0.0 TOTAL CONTRACTUAL SERVICES 12, 179.25 19, 600.69 121, 900.00 16.0 PROFESSIONAL DEVELOPMENT 01-410-64-00-5604 TRAINING & CONFERENCES 0.00 247.45 5, 600.00 4.4 TOTAL PROFESSIONAL DEVELOPMENT 0.00 247.45 5, 600.00 4.4 OPERATIONS 01-410-65-00-5421 GIS SYSTEM 0.00 0.00 0.00 0.0 01-410-65-00-5800 CONTINGENCIES 0.00 0.00 0.00 0.0 01-410-65-00-5804 OPERATING SUPPLIES 626.77 716.54 9,500.00 7.5 01-410-65-00-5812 GASOLINE 0.00 1,458.55 16,000.00 9.1 01-410-65-00-5815 HAND TOOLS 0.00 260.16 1,500.00 17.3 01-410-65-00-5817 GRAVEL 477.16 477.16 4,000.00 11.9 TOTAL OPERATIONS 1, 103.93 2,912.41 31,000.00 9.3 RETIREMENT 01-410-72-00-6500 IMRF PARTICIPANTS 1,223.09 4,330.87 17,587.00 24.6 01-410-72-00-6501 SOCIAL SECURITY & MEDICARE 989.95 3,413.33 13,780.00 24.7 TOTAL RETIREMENT 2,213.04 7,744.20 31,367.00 24.6 CAPITAL OUTLAY P11 • 4111 DATE: 09/08/2004 UNITED CITY OF YORKVILLE P1111 12 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: GENERAL FUND FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED STREETS EXPENSES CAPITAL OUTLAY 01-410-75-00-5418 MOSQUITO CONTROL 5,501.76 22,006.95 22,000.00 100.0 01-410-75-00-5419 MAINT SUPPLIES - STREET 279.02 655.47 15, 000.00 4.3 01-410-75-00-7004 SAFETY EQUIPMENT 44.92 143.92 1, 000.00 14 .3 01-410-75-00-7099 BRISTOL RIDGE ROAD 117,436.98 117,436.98 2, 690,000.00 4.3 01-410-75-00-7100 STREET REHAB PROJECTS 0.00 10,569.30 150,000.00 7.0 01-410-75-00-7101 IN TOWN ROAD PROGRAM 0.00 30,096.45 500,000.00 6.0 01-410-75-00-7102 TREE & STUMP REMOVAL 1,485.00 1, 485.00 20,000.00 7.4 01-410-75-00-7103 SIDEWALK CONSTRUCTION 0.00 0.00 35,000.00 0.0 TOTAL CAPITAL OUTLAY 124,747.68 182,394.07 3,433,000.00 5.3 TOTAL EXPENSES: STREETS 157, 453.35 261,786.31 3, 923, 110.00 6.6 HEALTH & SANITATION EXPENSES CONTRACTUAL SERVICES 01-540-62-00-5442 GARBAGE SERVICES 39,205.21 78,001.92 489, 123.00 15.9 01-540-62-00-5443 LEAF PICKUP 600.00 600.00 4,000.00 15.0 TOTAL CONTRACTUAL SERVICES 39,805.21 78, 601.92 493,123.00 15.9 TOTAL EXPENSES: HEALTH & SANITATION 39,805.21 78, 601.92 493, 123.00 15.9 TOTAL FUND REVENUES 1,751,282.70 2,116,293.84 10,788,259.00 19.6 TOTAL FUND EXPENSES 901,707.76 1, 650,292.86 10,788,259.00 15.2 FUND SURPLUS (DEFICIT) 849,574.94 466,000.98 0.00 100.0 P12 4111 DATE: 09/08/20L4 UNITED CITY OF YOAICVILLE PAGE: 13 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: MOTOR FUEL TAX FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL $ ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES TAXES 15-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 340,000.00 0.0 15-000-40-00-4060 MOTOR FUEL TAX ALLOTMENTS 18,903.70 62,707.41 256,199.00 24 .4 15-000-40-00-4065 IDOT TRUCK ACCESS GRANT 0.00 0.00 0.00 0.0 TOTAL TAXES 18, 903.70 62,707.41 596,199.00 10.5 INTEREST 15-000-46-00-4600 INVESTMENT INCOME 991.47 991.47 3,000.00 33.0 TOTAL INTEREST 991.47 991.47 3,000.00 33.0 TOTAL REVENUES: 19,895.17 63,698.88 599,199.00 10.6 EXPENSES OPERATIONS 15-000-65-00-5800 CONTINGENCY 0.00 0.00 211, 499.00 0.0 15-000-65-00-5818 SALT 0.00 0.00 37,000.00 0.0 TOTAL OPERATIONS 0.00 0.00 248,499.00 0.0 CAPITAL OUTLAY 15-000-75-00-7007 SIGNS 100. 65 1,162.50 9,700.00 11.9 15-000-75-00-7008 CRACK FILLING 0.00 0.00 30,000.00 0.0 15-000-75-00-7107 CONSTRUCTION ENGINEERING 0.00 0.00 200,000.00 0.0 15-000-75-00-7108 VAN EMMON STREET 0.00 0.00 100,000.00 0.0 15-000-75-00-7110 COLD PATCH 0.00 0.00 4,000.00 0.0 15-000-75-00-7111 HOT PATCH 815.94 1,280.07 7,000.00 18.2 TOTAL CAPITAL OUTLAY 916.59 2,442.57 350,700.00 0.6 TRANSFERS 15-000-99-00-9960 TRANSFER TO FOX IND FUND 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 0.00 0.00 0.00 0.0 P13 DATE: 09/08/2 UNITED CITY OF•VILLE PA0 14 DIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: MOTOR FUEL TAX FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL EXPENSES: 916.59 2,442.57 599, 199.00 0.4 TOTAL FUND REVENUES 19,895.17 63, 698.88 599, 199.00 10.6 DOTAL FUND EXPENSES 916.59 2, 442.57 599, 199.00 0.4 FUND SURPLUS (DEFICIT) 18, 978.58 61,256.31 0.00 100.0 P14 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGES TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.W0W FUND: MUNICIPAL BUILDLING FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 16-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 0.00 0.0 TOTAL CARRY OVER 0.00 0.00 0.00 0.0 CHARGES FOR SERVICES 16-000-42-00-4211 DEVELOPMENT FEES-BUILDING 3,750.00 16,300.00 57,600.00 28 .2 TOTAL CHARGES FOR SERVICES 3,750.00 16,300.00 57, 600.00 28.2 TRANSFERS 16-000-49-00-4901 TRANSFER FROM GENERAL FUND 8,000.00 8,000.00 32,000.00 25.0 TOTAL TRANSFERS 8,000.00 8,000.00 32,000.00 25.0 TOTAL REVENUES: 11,750.00 24,300.00 89, 600.00 27.1 EXPENSES CONTRACTUAL SERVICES 16-000-62-00-5416 MAINT-GENERAL BLDG & GROUNDS 390.00 390.00 5,000.00 7.8 TOTAL CONTRACTUAL SERVICES 390.00 390.00 5,000.00 7.8 CAPITAL OUTLAY 16-000-75-00-7008 ENTRY WAY SIGNS 0.00 0.00 3, 600.00 0.0 16-000-75-00-7200 BLDG IMPROV- BEEHCER/RIVFRNT 300.00 662.41 13,000.00 5.0 16-000-75-00-7202 BLDG IMPROVEMENTS-CITY HALL 0.00 0.00 0.00 0.0 16-000-75-00-7203 BLDG IMPROVEMENTS-PUBLIC WORKS 150.00 577.66 9,000.00 6.4 16-000-75-00-7204 BLDG MAINT - CITY HALL 657.77 4,467.17 5,000.00 89.3 16-000-75-00-7205 BLDG IMPROVEMENTS-LIBRARY 937.13 937.13 4,000.00 23.4 16-000-75-00-7206 LANDSCAPING-PUBLIC BUILDINGS 0.00 0.00 5,000.00 0.0 16-000-75-00-7209 BEECHER PARKING LOT 0.00 0.00 45,000.00 0.0 TOTAL CAPITAL OUTLAY 2,044.90 6, 644.37 84, 600.00 7.8 P15 DATE: 09/08/ 4 UNITED CITY OFOKVILLE PA0 16 LIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.W0W FUND: MUNICIPAL BUILDLING FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED OTHER 16-000-78-00-9009 RESERVE 0.00 0.00 0.00 0.0 TOTAL OTHER 0.00 0.00 0.00 0.0 TOTAL EXPENSES: 2, 434. 90 7,034.37 89, 600.00 7.8 TOTAL FUND REVENUES 11,750.00 24,300.00 89, 600.00 27.1 TOTAL FUND EXPENSES 2, 434.90 7, 034.37 89, 600.00 7.8 FUND SURPLUS (DEFICIT) 9,315.10 17,265.63 0.00 100.0 P1 6 41/1 DATE: 09/08/20 UNITED CITY OF YOVILLE PAGE: 17 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: POLICE EQUIPMENT CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 20-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 40,000.00 0.0 TOTAL CARRY OVER 0.00 0.00 40,000.00 0.0 CHARGES FOR SERVICES 20-000-42-00-4212 DEV FEES - POLICE 5,100.00 22,950.00 99,900.00 22.9 TOTAL CHARGES FOR SERVICES 5, 100.00 22, 950.00 99, 900.00 22.9 MISCELLANEOUS 20-000-44-00-4402 K-9 DONATIONS 0.00 0.00 500.00 0.0 20-000-44-00-4403 IN CAR VIDEO DONATIONS 400.00 1,000.00 2,000.00 50.0 20-000-44-00-4404 DONATIONS 0.00 0.00 0.00 0.0 20-000-44-00-4405 WEATHER WARNING SIREN 0.00 0.00 40,000.00 0.0 20-000-44-00-4431 SALE OF POLICE SQUADS 0.00 0.00 1,000.00 0.0 TOTAL MISCELLANEOUS 400.00 1,000.00 43,500.00 2.2 OTHER OPERATING RECEIPTS 20-000-48-00-4800 LOAN PROCEEDS 0.00 0.00 62,500.00 0.0 TOTAL OTHER OPERATING RECEIPTS 0.00 0.00 62,500.00 0.0 TRANSFERS 20-000-49-00-4901 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 0.00 0.00 0.00 0.0 TOTAL REVENUES: 5,500.00 23,950.00 245, 900.00 9.7 EXPENSES WEAPONS 20-000-65-00-5811 LETHAL/NON-LETHAL WEAPONS 0.00 0.00 6,500.00 0.0 TOTAL WEAPONS 0.00 0.00 6,500.00 0.0 P17 4110 DATE: 09/08/ UNITED CITY OF•KVILLE PA 18 PIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: POLICE EQUIPMENT CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED CAPITAL OUTLAY 20-000-75-00-7001 EQUIPMENT 449.90 979.85 7, 350.00 13.3 20-000-75-00-7003 EXPEDITION AND ACCESSORIES 0.00 0.00 0.00 0.0 20-000-75-00-7005 VEHICLES 18, 224.00 18,224.00 62, 500.00 29.1 20-000-75-00-7006 CAR BUILD OUT 0.00 0.00 23,360.00 0.0 20-000-75-00-7008 NEW WEATHER WARNING SIRENS 0.00 0.00 70,000.00 0.0 TOTAL CAPITAL OUTLAY 18, 673.90 19,203.85 163,210.00 11.7 OTHER 20-000-78-00-9009 RESERVE 9, 999.00 9,999.00 3,038.00 329.1 TOTAL OTHER 9,999.00 9,999.00 3,038.00 329.1 TRANSFERS 20-000-99-00-9965 TRANSFER TO DEBT SERV FUND 18,288.00 18,288.00 73,152.00 25.0 TOTAL TRANSFERS 18,288.00 18,288.00 73, 152.00 25.0 TOTAL EXPENSES: 46,960.90 47,490.85 245,900.00 19.3 DOTAL FUND REVENUES 5,500.00 23,950.00 245, 900.00 9.7 DOTAL FUND EXPENSES 46,960.90 47,490.85 245,900.00 19.3 FUND SURPLUS (DEFICIT) (41, 460.90) (23, 540.85) 0.00 100.0 P18 DATE: 09/08/20 UNITED CITY OF YOR1tVILLEPAGE•9 TIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PUBLIC WORKS EQUIP CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 21-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 140,000.00 0.0 TOTAL CARRY OVER 0.00 0.00 140,000.00 0.0 CHARGES FOR SERVICES 21-000-42-00-4213 DEVELOPMENT FEES-PUBLIC WORKS 15,300.00 68,850.00 279,700.00 24 .6 TOTAL CHARGES FOR SERVICES 15,300.00 68,850.00 279,700.00 24.6 MISCELLANEOUS 21-000-44-00-4430 SALE OF EQUIPMENT 4,282.29 4,282.29 0.00 100.0 TOTAL MISCELLANEOUS 4,282.29 4,282.29 0.00 100.0 TRANSFERS 21-000-49-00-4915 TRANSFER FROM WATER FUND 12,500.00 12,500.00 50,000.00 25.0 21-000-49-00-4920 TRANSFER FROM SEWER FUND 7,500.00 7,500.00 30,000.00 25.0 TOTAL TRANSFERS 20,000.00 20,000.00 80,000.00 25.0 TOTAL REVENUES: 39,582.29 93,132.29 499,700.00 18.6 EXPENSES CAPITAL OUTLAY 21-000-75-00-7005 VEHICLES 32,590.00 32,590.00 100,000.00 32.5 21-000-75-00-7006 F150 PICK UPS 0.00 0.00 0.00 0.0 21-000-75-00-7007 5 YARD DUMP 0.00 0.00 0.00 0.0 21-000-75-00-7008 WATER DEPT PICK UP 0.00 0.00 0.00 0.0 21-000-75-00-7009 1 TON DUMP 0.00 0.00 0.00 0.0 21-000-75-00-7010 POWER BREAKER 0.00 0.00 0.00 0.0 21-000-75-00-7015 SKIDSTEER UPGRAGE 0.00 0.00 4,500.00 0.0 21-000-75-00-7100 BOB CAT EXCHANGE 0.00 0.00 0.00 0.0 21-000-75-00-7107 TRUCK ACCESSORIES 0.00 0.00 5,000.00 0.0 21-000-75-00-7108 AUGER SYSTEM 0.00 0.00 9,000.00 0.0 P19 )ATE: 09/08/2UNITED CITY OF•VILLE PA0 20 DIME: 16:30:15 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ED: GL470002.WOW FUND: PUBLIC WORKS EQUIP CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED F,XPENSES CAPITAL OUTLAY 21-000-75-00-7109 MOWER 0.00 0.00 21,000.00 0.0 21-000-75-00-7120 STREET SWEEPER 0.00 0.00 140,000.00 0.0 21-000-75-00-7130 PUBLIC WORKS BLDG ADDITION 0.00 0.00 90,000.00 0.0 TOTAL CAPITAL OUTLAY 32, 590.00 32, 590.00 369, 500.00 8.8 OTHER 21-000-78-00-9009 RESERVE 35, 557.00 35,557.00 130,200.00 27.3 TOTAL OTHER 35,557.00 35,557.00 130,200.00 27.3 TOTAL EXPENSES: 68,147.00 68,147.00 499,700.00 13.6 DOTAL FUND REVENUES 39,582.29 93, 132.29 499,700.00 18.6 DOTAL FUND EXPENSES 68,147.00 68,147.00 499,700.00 13.6 FUND SURPLUS (DEFICIT) (28,564.71) 24, 985.29 0.00 100.0 P20 II DATE: 09/08/20 UNITED CITY OF YQILLE PAGE•21 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & REC EQUIP CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 22-000-40-00-3999 CARRY OVER BALANCE 0.00 10,000.00 10,000.00 100.0 TOTAL CARRY OVER 0.00 10,000.00 10,000.00 100.0 CHARGES FOR SERVICES 22-000-42-00-4216 PARKS CAPITAL FEE 100.00 100.00 5,000.00 2.0 22-000-42-00-4218 IL CLEAN ENERGY GRANT 4,149.00 4,149.00 0.00 100.0 TOTAL CHARGES FOR SERVICES 4,249.00 4,249.00 5,000.00 84.9 TRANSFERS 22-000-49-00-4930 TRANSFER FRM GENERAL FUND 9, 150.00 9, 150.00 36, 600.00 25.0 22-000-49-00-4935 TRANSFER FROM LAND CASH 0.00 0.00 22,000.00 0.0 TOTAL TRANSFERS 9, 150.00 9,150.00 58, 600.00 15.6 TOTAL REVENUES: 13,399.00 23,399.00 73, 600.00 31.7 EXPENSES OTHER 22-000-65-00-5800 CONTINGENCY 0.00 0.00 0.00 0.0 22-000-65-00-5805 BEECHER LIGHTING 0.00 0.00 0.00 0.0 TOTAL OTHER 0.00 0.00 0.00 0.0 PARKS EXPENSES CAPITAL OUTLAY 22-610-75-00-7005 VEHICLES 0.00 0.00 0.00 0.0 22-610-75-00-7006 PICK UP TRUCK 12, 662.00 12,662.00 28,000.00 45.2 22-610-75-00-7007 SOCCER GOALS 12' REPLACEMENT 2,025.00 2,025.00 2,000.00 101.2 22-610-75-00-7008 SOCCER GOALS 9' 0.00 0.00 2,000.00 0.0 22-610-75-00-7009 COMPUTER WORKSTATIONS 0.00 0.00 7, 000.00 0.0 P21 DATE: 09/08/ 4 UNITED CITY OF RKVILLE PA• 22 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & REC EQUIP CAPITAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED PARKS EXPENSES CAPITAL OUTLAY 22-610-75-00-7010 TOWN SQUARE FOUNTAIN 0.00 0.00 0.00 0.0 22-610-75-00-7011 PLAYER BENCHES 0.00 0.00 2,000.00 0.0 22-610-75-00-7012 RIVERFRONT PLAYGROUND 0.00 0.00 5,000.00 0.0 22-610-75-00-7013 PLAYGROUND REPAIRS 0.00 0.00 5, 000.00 0.0 22-610-75-00-7014 SIGN REPLACEMENTS 0.00 0.00 5,000.00 0.0 22-610-75-00-7015 MOWER 0.00 0.00 15,000.00 0.0 22-610-75-00-7016 BEECHER PATHWAY 0.00 9,480.00 0.00 (100.0) 22-610-75-00-7017 RECREATION EQUIPMENT 0.00 0.00 2, 600.00 0.0 TOTAL CAPITAL OUTLAY 14, 687.00 24,167.00 73, 600.00 32.8 TOTAL EXPENSES: PARKS 14, 687.00 24, 167.00 73, 600.00 32.8 TOTAL FUND REVENUES 13,399.00 23,399.00 73, 600.00 31.7 TOTAL FUND EXPENSES 14, 687.00 24,167.00 73, 600.00 32.8 FUND SURPLUS (DEFICIT) (1,288.00) (768.00) 0.00 100.0 P22 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGE•3 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: SANITARY SEWER IMPROVEMENT FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 37-000-40-00-3999 CARRY OVER 0.00 0.00 12, 692,117.00 0.0 TOTAL CARRY OVER 0.00 0.00 12, 692,117.00 0.0 CHARGES FOR SERVICES 37-000-42-00-4220 CONNECTION FEES 45, 900.00 173, 600.00 1,071,200.00 16.2 37-000-42-00-4221 RIVER CROSSING FEES 1,228.50 6,550.00 12,506.00 52.3 TOTAL CHARGES FOR SERVICES 47,128.50 180,150.00 1,083,706.00 16.6 INTEREST 37-000-46-00-4600 INVESTMENT INCOME 0.00 0.00 15,000.00 0.0 TOTAL INTEREST 0.00 0.00 15,000.00 0.0 OTHER OPERATING RECEIPTS 37-000-48-00-4800 COMED/HYDRAULIC DEBT CERT. 0.00 0.00 0.00 0.0 37-000-48-00-4801 BRUELL ST. DEBT CERT. PROCEEDS 0.00 0.00 0.00 0.0 37-000-48-00-4802 COUNTRYSIDE INTERCEPT. ALT REV 0.00 0.00 0.00 0.0 37-000-48-00-4803 ROB ROY CREEK REVENUE 0.00 0.00 0.00 0.0 TOTAL OTHER OPERATING RECEIPTS 0.00 0.00 0.00 0.0 TRANSFERS 37-000-49-00-4901 TRANSFER FROM GENERAL FUND 37, 500.00 37,500.00 150,000.00 25.0 TOTAL TRANSFERS 37,500.00 37,500.00 150,000.00 25.0 TOTAL REVENUES: 84, 628.50 217, 650.00 13, 940,823.00 1.5 EXPENSES CONTRACTUAL SERVICES 37-000-62-00-5401 CONTRACTURAL/PROFESSIONAL SERV 0.00 390.00 40,000.00 0.9 37-000-62-00-5402 ENG/LGL/CONTINGNCY-COUNTRYSIDE 0.00 7,280.43 515,759.00 1.4 P23 1111 4111 I DATE: 09/08/2004 UNITED CITY OF YORKVILLE PAO 24 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 [D: GL470002.WOW FUND: SANITARY SEWER IMPROVEMENT FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED iXPENSES CONTRACTUAL SERVICES 37-000-62-00-5405 ENG/LGL/CONTINGENCY-BRUELL ST. 0.00 26, 696.55 315,000.00 8.4 37-000-62-00-5406 ENG/LGL/CONTINGENCY-HYDRAULIC 21, 650.00 23,209.88 666, 625.00 3.4 TOTAL CONTRACTUAL SERVICES 21, 650.00 57,576.86 1,537,384.00 3.7 OTHER 37-000-65-00-5421 GIS SYSTEM 0.00 0.00 20, 000.00 0.0 37-000-65-00-5800 CONTINGENCY 0.00 0.00 2,576,138.00 0.0 TOTAL OTHER 0.00 0.00 2,596, 138.00 0.0 CAPITAL OUTLAY 37-000-75-00-7502 HYDRAULIC INTERCEPTOR 4, 324.32 4, 684.32 4,335, 000.00 0.1 37-000-75-00-7503 COUNTRYSIDE INTERCEPTOR 9,078.93 9,208.93 2,933,735.00 0.3 37-000-75-00-7504 BRUELL STREET LIFT STATION 14,455.71 330,561.41 1,475,000.00 22.4 37-000-75-00-7505 ROB ROY CREEK SANITARY 0.00 0.00 0.00 0.0 37-000-75-00-7507 SANITARY JETTER TRUCK 220,375.00 220,375.00 225,000.00 97.9 37-000-75-00-7515 HEARTLAND ONSITE INTERCEPTOR 0.00 0.00 200,000.00 0.0 TOTAL CAPITAL OUTLAY 248,233.96 564,829.66 9,168,735.00 6.1 TRANSFERS 37-000-99-00-9901 TRANSFER TO GENERAL FUND 50,000.00 50,000.00 200,000.00 25.0 37-000-99-00-9965 TRANSFER TO DEBT SERVICE 109, 641.50 109, 641.50 438,566.00 25.0 TOTAL TRANSFERS 159, 641.50 159, 641.50 638, 566.00 25.0 TOTAL EXPENSES: 429, 525.46 782,048.02 13,940,823.00 5.6 TOTAL FUND REVENUES 84, 628.50 217, 650.00 13,940,823.00 1.5 TOTAL FUND EXPENSES 429, 525.46 782,048.02 13,940,823.00 5.6 FUND SURPLUS (DEFICIT) (344,896.96) (564,398.02) 0.00 100.0 P24 11/01111 DATE: 09/08/20 UNITED CITY OF YORRVILLE PAGE: 25 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: WATER IMPROV. EXPANSION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 41-000-40-00-3999 CARRY OVER 0.00 0.00 4,581,458.00 0.0 TOTAL CARRY OVER 0.00 0.00 4,581,458.00 0.0 CHARGES FOR SERVICES 41-000-42-00-4220 CONNECTION FEES 20,325.00 92,085.00 1,460,800.00 6.3 TOTAL CHARGES FOR SERVICES 20,325.00 92,085.00 1, 460,800.00 6.3 INTERGOVERNMENTAL 41-000-45-00-4530 RADIUM GRANT 873,440.16 873,440.16 0.00 100.0 TOTAL INTERGOVERNMENTAL 873,440.16 873,440.16 0.00 100.0 INTEREST 41-000-46-00-4600 INVESTMENT INCOME 0.00 0.00 15,000.00 0.0 TOTAL INTEREST 0.00 0.00 15,000.00 0.0 OTHER OPERATING RECEIPTS 41-000-48-00-4800 LOAN PROCEEDS 0.00 0.00 0.00 0.0 41-000-48-00-4801 IEPA LOAN/CONTRACT B PROCEEDS 0.00 0.00 4,400,000.00 0.0 41-000-48-00-4802 PROCEEDS ON SALE OF ASSETS 0.00 0.00 0.00 0.0 41-000-48-00-4803 LOAN PROCEEDS-CENTRAL ZONE 0.00 0.00 0.00 0.0 TOTAL OTHER OPERATING RECEIPTS 0.00 0.00 4, 400,000.00 0.0 TRANSFERS 41-000-49-00-4915 TRANSFER FROM WATER FUND 17,500.00 17,500.00 70,000.00 25.0 TOTAL TRANSFERS 17,500.00 17, 500.00 70,000.00 25.0 TOTAL REVENUES: 911,265.16 983,025.16 10,527,258.00 9.3 EXPENSES P25 DATE: 09/08/ 04 UNITED CITY OF RKVILLE PAS: 26 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: WATER IMPROV. EXPANSION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED PROFESSIONAL SERVICE 41-000-61-00-5300 LEGAL SERVICES 0.00 0.00 10,000.00 0.0 41-000-61-00-5400 RADIUM COMPLIANCE -CONTRACT B 0.00 0.00 3,662,730.00 0.0 41-000-61-00-5401 ENGINEERING-RADIUM CONTRACT B 7,737.81 8,240.31 476,155.00 1.7 41-000-61-00-5405 PROF. SVCS- RADIUM CONTRACT B 0.00 0.00 261,115.00 0.0 41-000-61-00-5408 CENTRAL ZONE - CONTRACT C 116, 681.93 264,289.93 3, 404,855.00 7.7 41-000-61-00-5410 ENGINEERING-CENTRAL ZONE 31,028.73 388,524.60 91, 360.00 425.2 41-000-61-00-5413 PROFESSIONAL SERV-CENTRALZONE 0.00 0.00 0.00 0.0 41-000-61-00-5414 CONTRACT D SCADA SYSTEM 0.00 1,052.12 0.00 (100.0) 41-000-61-00-5415 USGS GROUNDWATER STUDY 0.00 1,719.00 0.00 (100.0) TOTAL PROFESSIONAL SERVICE 157, 448.47 663,825.96 7,906,215.00 8.3 OTHER 41-000-65-00-5421 GIS SYSTEM 0.00 0.00 30,000.00 0.0 41-000-65-00-5800 CONTINGENCY 89,233.75 93,184.75 901, 437.00 10.3 TOTAL OTHER 89,233.75 93,184.75 931,437.00 10.0 DEBT SERVICE 41-000-66-00-6012 DEBT CERTIFICATE EXPENSES 0.00 0.00 0.00 0.0 TOTAL DEBT SERVICE 0.00 0.00 0.00 0.0 CAPITAL OUTLAY 41-000-75-00-7504 NORTH WATER TOWER-CONTRACT A 947.70 5, 141.46 1,085,243.00 0.4 41-000-75-00-7506 APPLETREE COURT 0.00 0.00 0.00 0.0 41-000-75-00-7515 JOHNSON STREET WATER MAIN 0.00 0.00 40,000.00 0.0 TOTAL CAPITAL OUTLAY 947.70 5,141.46 1,125,243.00 0.4 TRANSFERS 41-000-99-00-9901 TRANSFER TO GENERAL FUND 50,000.00 50,000.00 200,000.00 25.0 41-000-99-00-9965 TRANSFER TO DEBT FUND 91,090.75 91,090.75 364,363.00 25.0 TOTAL TRANSFERS 141,090.75 141,090.75 564,363.00 25.0 P26 DATE: 09/08/200 UNITED CITY OF YO LLE PAGE"7 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: WATER IMPROV. EXPANSION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL EXPENSES: 388,720.67 903,242.92 10,527,258.00 8.5 TOTAL FUND REVENUES 911,265.16 983,025.16 10,527,258.00 9.3 TOTAL FUND EXPENSES 388,720.67 903,242.92 10,527,258.00 8.5 FUND SURPLUS (DEFICIT) 522,544.49 79,782.24 0.00 100.0 P27 II)ATE: 09/08/ 4 UNITED CITY OF RKVILLE PO 28 'IME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 :D: GL470002.WOW FUND: DEBT SERVICE FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED tEVENUES CARRY OVER 42-000-40-00-3999 CARRY OVER 0.00 0.00 50, 000.00 0.0 TOTAL CARRY OVER 0.00 0.00 50,000.00 0.0 MISCELLANEOUS 42-000-44-00-4440 RECAPTURE-WATER/SEWER 3,444.00 8,708.00 75,000.00 11.6 TOTAL MISCELLANEOUS 3, 444.00 8,708.00 75,000.00 11.6 TRANSFERS 42-000-49-00-4901 TRANSFER FROM GENERAL FUND 0.00 0.00 0.00 0.0 42-000-49-00-4910 TRANSFER FROM POLICE EQUIP CAP 18, 288.00 18,288.00 73, 152.00 25.0 42-000-49-00-4920 TRANSFER FROM SEWER FUND 0.00 0.00 0.00 0.0 42-000-49-00-4925 TRANSFER FROM SANITARY SEWER 109, 641.50 109, 641.50 438, 566.00 25.0 42-000-49-00-4930 TRANSFER FROM WATER IMPRV FUND 91,090.75 91,090.75 364, 363.00 25.0 TOTAL TRANSFERS 219,020.25 219,020.25 876,081.00 25.0 TOTAL REVENUES: 222, 464.25 227,728.25 1,001,081.00 22.7 EXPENSES DEBT SERVICE 42-000-66-00-6001 CITY HALL BONDS-PRINCIPAL PMT 0.00 0.00 50,000.00 0.0 42-000-66-00-6002 CITY HALL BONDS - INTEREST PMT 0.00 27,498.75 54,998.00 49.9 42-000-66-00-6003 IRBB-BRUELL ST. INTEREST PMTS 43, 357.50 43, 357.50 86,715.00 50.0 42-000-66-00-6004 IRBB-BRUELL ST. PRINCIPAL PYMT 0.00 0.00 80,000.00 0.0 42-000-66-00-6005 NORTH H2O TOWER INTEREST PYMT 1,017.00 1,017.00 1,017.00 100.0 42-000-66-00-6006 NORTH H2O TOWER PRINCIPAL PYMT 23,983.00 23,983.00 23, 983.00 100.0 42-000-66-00-6007 4.8 MILLION DEBT CERT INT PYMT 0.00 222,787.82 339,363.00 65.6 42-000-66-00-6009 COUNTRYSIDE ALT REV INT PYMT 0.00 39,877.48 100,196.00 39.7 42-000-66-00-6010 COMED/HYDRAULIC INTEREST PYMT 0.00 0.00 35,895.00 0.0 42-000-66-00-6050 LOAN PAYMENT-SANITARY SIPHON 19, 489.99 19,489.99 38, 989.00 49.9 42-000-66-00-6051 LOAN PAYMENT-NORTH WTR/SWR-EDC 0.00 0.00 0.00 0.0 42-000-66-00-6052 LOAN PAYMENT-NORTH WTR/SWR-YNB 0.00 0.00 0.00 0.0 P28 DATE: 09/08/20 UNITED CITY OF YOR'. ILLS PAGE�29 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: DEBT SERVICE FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES DEBT SERVICE 42-000-66-00-6053 LOAN PAYMENT-RIVER CROSSING 0.00 0.00 0.00 0.0 42-000-66-00-6054 LOAN PAYMENT-POLICE SQUAD CAR 24, 109.66 24,109.66 24, 110.00 99.9 42-000-66-00-6055 LOAN PAYMENT-SSES IEPA L171153 0.00 0.00 107,051.00 0.0 42-000-66-00-6056 YNB-POLICE/ADMIN CARS 58,781.10 58,781.10 58,764 .00 100.0 42-000-66-00-6057 IRBB-BRUELL ST. INTEREST PMT 0.00 0.00 0.00 0.0 TOTAL DEBT SERVICE 170,738.25 460, 902.30 1,001,081.00 46.0 TOTAL FUND REVENUES 222, 464.25 227,728.25 1,001,081.00 22.7 TOTAL FUND EXPENSES 170,738.25 460, 902.30 1,001,081.00 46.0 FUND SURPLUS (DEFICIT) 51,726.00 (233,174 .05) 0.00 100.0 P29 • DATE: 09/08/2004 UNITED CITY OF YORKVILLE PAP 30 DIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: WATER OPERATIONS FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 51-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 1,500,000.00 0.0 TOTAL CARRY OVER 0.00 0.00 1,500,000.00 0.0 CHARGES FOR SERVICES 51-000-42-00-4240 BULK WATER SALES 823.57 3,819.70 5,000.00 76.3 51-000-42-00-4241 WATER SALES 4,304 .55 146,707.69 950,000.00 15.4 51-000-42-00-4242 WATER METER SALES 9,075.00 46, 600.00 130,000.00 35.8 51-000-42-00-4243 LEASE REVENUE - H2O TOWER 5,400.00 5,400.00 0.00 100.0 TOTAL CHARGES FOR SERVICES 19, 603.12 202, 527.39 1,085,000.00 18.6 MISCELLANEOUS 51-000-44-00-4490 MISCELLANEOUS INCOME 0.00 0.00 500.00 0.0 TOTAL MISCELLANEOUS 0.00 0.00 500.00 0.0 INTEREST 51-000-46-00-4600 INVESTMENT INCOME 0.00 360.39 6,000.00 6.0 TOTAL INTEREST 0.00 360.39 6, 000.00 6.0 TOTAL REVENUES: 19, 603.12 202, 887.78 2, 591, 500.00 7.8 EXPENSES PERSONNEL 51-000-50-00-5107 SALARIES - EMPLOYEE 12,737.04 47,826.67 217,348.00 22.0 51-000-50-00-5136 SALARIES-PART TIME 896.00 3,422.40 4,000.00 85.5 51-000-50-00-5137 SALARIES - OVERTIME 2, 145.34 8,428.41 27,000.00 31.2 TOTAL PERSONNEL 15,778.38 59, 677.48 248,348.00 24.0 PROFESSIONAL SERVICES 51-000-61-00-5300 LEGAL SERVICES 0.00 0.00 2, 000.00 0.0 P30 DATE: 09/08/20 UNITED CITY OF YOQILLE PAGEQ1 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002 .WOW FUND: WATER OPERATIONS FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES PROFESSIONAL SERVICES 51-000-61-00-5303 JULIE SERVICE 649.60 649.60 5,000.00 12.9 TOTAL PROFESSIONAL SERVICES 649.60 649.60 7,000.00 9.2 CONTRACTURAL SERVICES 51-000-62-00-5401 CONTRACUAL SERVICES 0.00 1,461.13 4,000.00 36.5 51-000-62-00-5407 TREATMENT FACILITIES O&M 0.00 0.00 44,000.00 0.0 51-000-62-00-5408 MAINTENANCE-EQUIPMENT 27.00 1,322.91 10,000.00 13.2 51-000-62-00-5409 MAINTENANCE - VEHICLES 262.03 262.03 10,000.00 2.6 51-000-62-00-5411 MAINTENANCE-COMPUTERS 0.00 0.00 4,000.00 0.0 51-000-62-00-5413 MAINTENANCE-CONTROL SYSTEM 0.00 0.00 4,000.00 0.0 51-000-62-00-5414 TRUCK LETTERING 0.00 0.00 1,000.00 0.0 51-000-62-00-5421 WEARING APPAREL 0.00 545.35 5,500.00 9.9 51-000-62-00-5434 RENTAL - EQUIPMENT 0.00 0.00 1,000.00 0.0 51-000-62-00-5435 ELECTRICITY 8,091.23 15, 687.72 170,000.00 9.2 51-000-62-00-5436 TELEPHONE 1, 900.51 3,897.00 20,000.00 19.4 51-000-62-00-5438 CELLULAR TELEPHONE 241.76 615.55 5,500.00 11.1 TOTAL CONTRACTURAL SERVICES 10, 522.53 23,791.69 279,000.00 8.5 PROFESSIONAL DEVELOPMENT 51-000-64-00-5600 DUES 0.00 257.00 750.00 34 .2 51-000-64-00-5603 SUBSCRIPTINS 0.00 0.00 250.00 0.0 51-000-64-00-5604 TRAINING & CONFERENCES 0.00 105.00 6, 900.00 1.5 51-000-64-00-5605 TRAVEL EXPENSES 2.50 2.50 2,000.00 0.1 TOTAL PROFESSIONAL DEVELOPMENT 2.50 364.50 9, 900.00 3.6 OPERATIONS 51-000-65-00-5800 CONTINGENCIES 0.00 57.63 29,276.00 0.1 51-000-65-00-5804 OPERATING SUPPLIES 1,498.65 4,577.69 44,000.00 10.4 51-000-65-00-5808 POSTAGE & SHIPPING 287.55 1,326.38 11,700.00 11.3 51-000-65-00-5809 PRINTING & COPYING 140.00 280.00 5,000.00 5.6 51-000-65-00-5810 PUBLISHING & ADVERTISING 0.00 0.00 1,000.00 0.0 51-000-65-00-5812 GASOLINE 1,758.72 2,393.71 7,200.00 33.2 P31 )ATE: 09/08/2004 UNITED CITY OF YORKVILLE PA O 32 'IME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ED: GL470002.WOW FUND: WATER OPERATIONS FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES OPERATIONS 51-000-65-00-5815 HAND TOOLS 0.00 0.00 1,000.00 0.0 51-000-65-00-5817 GRAVEL 117.52 117.52 5,000.00 2.3 51-000-65-00-5819 CHLORINE 0.00 0.00 0.00 0.0 51-000-65-00-5820 CHEMICALS 1, 186.78 2,286.06 27,232.00 8.3 51-000-65-00-5821 CATHODIC PROTECTION 0.00 0.00 2,500.00 0.0 51-000-65-00-5822 WATER SAMPLES 240.00 2,220.00 12,000.00 18.5 TOTAL OPERATIONS 5,229.22 13,258.99 145, 908.00 9.0 RETIREMENT 51-000-72-00-6500 IMRF PARTICIPANTS 1,712.48 5,878.73 24, 606.00 23.8 51-000-72-00-6501 SOCIAL SECURITY & MEDICARE 1, 369.46 4,804.09 19,788.00 24.2 TOTAL RETIREMENT 3,081.94 10, 682.82 44,394.00 24.0 CAPITAL OUTLAY 51-000-75-00-7002 COMPUTER EQUIP & SOFTWARE 0.00 0.00 4, 000.00 0.0 51-000-75-00-7004 SAFETY EQUIPMENT 0.00 71.25 2,000.00 3.5 51-000-75-00-7506 METER READERS 0.00 997.50 10, 320.00 9.6 51-000-75-00-7507 HYDRANT REPLACEMENT 0.00 0.00 4,000.00 0.0 51-000-75-00-7508 METERS & PARTS 23, 612.61 36,169.10 130,000.00 27.8 TOTAL CAPITAL OUTLAY 23, 612.61 37,237.85 150,320.00 24.7 OTHER 51-000-78-00-9005 REFUND 0.00 774.00 500.00 154.8 51-000-78-00-9009 RESERVE 0.00 0.00 1, 386, 130.00 0.0 TOTAL OTHER 0.00 774.00 1,386, 630.00 0.0 TRANSFERS 51-000-99-00-9901 TRANSFER TO GENERAL FUND 50,000.00 50,000.00 200,000.00 25.0 51-000-99-00-9930 TRANSFER TO WATER IMPRV FUND 17,500.00 17,500.00 70,000.00 25.0 51-000-99-00-9950 TRANSFER TO PW EQUIP CAPITAL 12,500.00 12,500.00 50,000.00 25.0 TOTAL TRANSFERS 80,000.00 80,000.00 320,000.00 25.0 P32 10 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAG•33 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: WATER OPERATIONS FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL EXPENSES: 138,876.78 226,436.93 2,591,500.00 8.7 TOTAL FUND REVENUES 19, 603.12 202,887.78 2,591,500.00 7.8 TOTAL FUND EXPENSES 138,876.78 226,436.93 2,591,500.00 8.7 FUND SURPLUS (DEFICIT) (119,273.66) (23,549.15) 0.00 100.0 P33 DATE: 09/08/ZTTI)4 UNITED CITY OF TORKVILLE PP 34 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: SEWER MAINTENANCE FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CHARGES FOR SERVICES 52-000-42-00-4250 SEWER MAINTENANCE FEES 188.02 65,774.51 350,000.00 18.7 52-000-42-00-4251 SEWER CONNNECTION FEES 5,300.00 28, 600.00 96,800.00 29.5 TOTAL CHARGES FOR SERVICES 5,488.02 94,374.51 446,800.00 21.1 INTEREST 52-000-46-00-4600 INVESTMENT INCOME 0.00 360.39 10,000.00 3.6 TOTAL INTEREST 0.00 360.39 10,000.00 3.6 TOTAL REVENUES: 5,488.02 94,734.90 456,800.00 20.7 EXPENSES PERSONNEL SERVICES 52-000-50-00-5108 SALARIES-REGULAR 8,794 .56 24,583.36 119,254.00 20.6 52-000-50-00-5136 PART TIME 0.00 0.00 5,000.00 0.0 52-000-50-00-5137 SALARIES-OVERTIME 519.01 2,133.19 12,000.00 17.7 TOTAL PERSONNEL SERVICES 9,313.57 26,716.55 136,254 .00 19.6 CONTRACTUAL SERVICES 52-000-62-00-5401 CONTRACTUAL SERVICES 0.00 50.00 2,000.00 2.5 52-000-62-00-5408 MAINTENANCE-EQUIPMENT 178.06 260.62 8, 500.00 3.0 52-000-62-00-5409 MAINTENANCE-VEHICLES 0.00 0.00 5,000.00 0.0 52-000-62-00-5419 MAINTENANCE-SANITARY SEWER 2,075.00 5,482.07 13,000.00 42.1 52-000-62-00-5421 WEARING APPAREL 0.00 89.67 4, 500.00 1.9 52-000-62-00-5422 LIFT STATION MAINTENANCE 757.44 1, 179.25 15,000.00 7.8 52-000-62-00-5434 RENTAL - EQUIPMENT 0.00 0.00 1,000.00 0.0 52-000-62-00-5435 ELECTRICITY 0.00 0.00 8,900.00 0.0 52-000-62-00-5438 CELLULAR TELEPHONE 53.92 150.69 2,500.00 6.0 TOTAL CONTRACTUAL SERVICES 3,064 .42 7,212.30 60, 400.00 11.9 PROFESSIONAL DEVELOPMENT P34 II DATE: 09/08/20 UNITED CITY OF Y , ILLE PAG•35 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: SEWER MAINTENANCE FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES PROFESSIONAL DEVELOPMENT 52-000-64-00-5604 TRAINING & CONFERENCES 0.00 0.00 1, 900.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 0.00 0.00 1, 900.00 0.0 OPERATIONS 52-000-65-00-5800 CONTINGENCIES 0.00 0.00 10,000.00 0.0 52-000-65-00-5802 OFFICE SUPPLIES 176.53 306.62 2,000.00 15.3 52-000-65-00-5804 OPERATING SUPPLIES 14.98 304 .74 8,000.00 3.8 52-000-65-00-5805 SHOP SUPPLIES 0.00 61.25 2,500.00 2.4 52-000-65-00-5812 GASOLINE 2,780.02 2,780.02 5,900.00 47.1 52-000-65-00-5815 HAND TOOLS 0.00 0.00 1,000.00 0.0 52-000-65-00-5817 GRAVEL 0.00 0.00 2,000.00 0.0 52-000-65-00-5823 SEWER CHEMICALS 0.00 0.00 15,000.00 0.0 TOTAL OPERATIONS 2,971.53 3,452.63 46, 400.00 7.4 RETIREMENT 52-000-72-00-6500 IMRF PARTICIPANTS 724 .06 2,476.51 13,217.00 18.7 52-000-72-00-6501 SOCIAL SECURITY & MEDICARE 550.06 1,881.39 10,423.00 18.0 TOTAL RETIREMENT 1,274.12 4,357.90 23, 640.00 18.4 CAPITAL OUTLAY 52-000-75-00-7002 COMPUTER EQUIP & SOFTWARE 0.00 0.00 2,000.00 0.0 52-000-75-00-7003 OFFICE EQUIPMENT 409.70 409.70 3,000.00 13.6 52-000-75-00-7004 SAFETY EQUIPMENT 0.00 0.00 2,000.00 0.0 TOTAL CAPITAL OUTLAY 409.70 409.70 7,000.00 5.8 OTHER 52-000-78-00-9009 RESERVE 0.00 0.00 81,206.00 0.0 TOTAL OTHER 0.00 0.00 81,206.00 0.0 TRANSFERS P35 DATE: 09/08/ UNITED CITY OF KVILLE PA• 36 DIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: SEWER MAINTENANCE FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES TRANSFERS 52-000-99-00-9901 TRANSFER TO GENERAL FUND 17,500.00 17,500.00 70,000.00 25.0 52-000-99-00-9925 TRANSFER TO SAN SEWER IMPROV. 0.00 0.00 0.00 0.0 52-000-99-00-9950 TRANSFER TO PW EQUIP CAPITAL 7,500.00 7, 500.00 30,000.00 25.0 52-000-99-00-9965 TRANSFER TO DEBT SERVICE FUND 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 25,000.00 25,000.00 100,000.00 25.0 TOTAL EXPENSES: 42, 033.34 67,149.08 456, 800.00 14.6 TOTAL FUND REVENUES 5,488.02 94,734.90 456,800.00 20.7 TOTAL FUND EXPENSES 42,033.34 67,149.08 456,800.00 14.6 FUND SURPLUS (DEFICIT) (36,545.32) 27,585.82 0.00 100.0 P36 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGE•37 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LAND CASH FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 72-000-40-00-3999 CARRY OVER/STARTING BALANCE 0.00 0.00 626,812.00 0.0 72-000-40-00-4700 LAND CASH - OTHER 0.00 353.60 0.00 100.0 TOTAL CARRY OVER 0.00 353.60 626,812.00 0.0 CONTRIBUTIONS 72-000-47-00-4700 OSLAD GRANT 0.00 0.00 74,000.00 0.0 72-000-47-00-4701 GREENBRIAR-LAND CASH 0.00 1,071.00 5,355.00 20.0 72-000-47-00-4702 GREENBRIAR(DUPLEX)-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4703 PRAIRIE GARDEN-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4704 FOX HILL-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4705 COUNTRY HILLS-LAND CASH 2,307.00 5,383.00 15,380.00 35.0 72-000-47-00-4706 COUNTRY HILLS DUPLEX-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4707 FOX HIGHLANDS-LAND CASH 0.00 1,406.00 0.00 100.0 72-000-47-00-4708 FOX HIGHLANDS DUPLEX-LAND CASH 0.00 14,160.00 0.00 100.0 72-000-47-00-4709 SUNFLOWER-LAND CASH 722.00 8,016.00 7,220.00 111.0 72-000-47-00-4710 CIMMERON RIDGE-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4711 BLACKBERRY CREEK-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4712 RIVER'S EDGE-LAND CASH 2, 684.00 7,381.00 20, 130.00 36.6 72-000-47-00-4713 CANNONBALL HILLS-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4714 WOODWORTH-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4715 WHITE OAK UNIT 1&2-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4716 WHITE OAK UNIT 3&4-LAND CASH 0.00 0.00 7,030.00 0.0 72-000-47-00-4717 KYLN'S CROSSING-LAND CASH 0.00 1,662.00 0.00 100.0 72-000-47-00-4718 FOXFIELD(2ND EDITION)-LAND CAS 0.00 0.00 0.00 0.0 72-000-47-00-4719 WILDWOOD-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4720 HEARTLAND-LAND CASH 2,000.00 13,000.00 0.00 100.0 72-000-47-00-4721 COUNTRYSIDE CNTR#9-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4722 KYLN'S RIDGE-LAND CASH 4, 986.00 21, 606.00 66,480.00 32.5 72-000-47-00-4723 HEARTLAND CIRCLE-LAND CASH 0.00 0.00 60,000.00 0.0 72-000-47-00-4724 RAINTREE VILLAGE-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4725 WINDETTE RIDGE-LAND CASH 0.00 0.00 100,000.00 0.0 72-000-47-00-4726 RESERVE @ THE FOX LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4727 GRAND RESERVE-LAND CASH 12, 197.50 12,197.50 220,500.00 5.5 72-000-47-00-4728 BRISBEN RESERVE-LAND CASH 0.00 0.00 0.00 0.0 P37 SPA0 38 DATE: 09/08/2004 UNITED CITY OF YORKVILLE DIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LAND CASH FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CONTRIBUTIONS 72-000-47-00-4729 SCHOOLS-LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4730 CANNONBALL EST/KYLYNS CROSSING 0.00 0.00 0.00 0.0 72-000-47-00-4731 MONTALBANO HOMES LAND CASH 0.00 4,248.00 0.00 100.0 72-000-47-00-4732 RAINTREE VILLAGE LAND CASH 0.00 0.00 0.00 0.0 72-000-47-00-4734 WHISPERING MEADOWS (K. HILL) 0.00 0.00 56, 160.00 0.0 72-000-47-00-4735 PRAIRIE MEADOWS (MENARD RES) 0.00 0.00 286,230.00 0.0 TOTAL CONTRIBUTIONS 24,896.50 90,130.50 918,485.00 9.8 TOTAL REVENUES: 24, 896.50 90, 484.10 1,545, 297.00 5.8 EXPENSES CONTRACTUAL SERVICES 72-000-62-00-5408 MAINTENANCE-EQUIPMENT 0.00 0.00 0.00 0.0 TOTAL CONTRACTUAL SERVICES 0.00 0.00 0.00 0.0 CAPITAL OUTLAY 72-000-75-00-7007 SIGNS 0.00 0.00 0.00 0.0 72-000-75-00-7008 MISC. BALLFIELD EQUIP 0.00 0.00 0.00 0.0 72-000-75-00-7200 BLDG IMPROVE - BEECHER 0.00 0.00 0.00 0.0 72-000-75-00-7201 RIVERFGRONT EQUIP IMPROVEMENT 0.00 0.00 40,000.00 0.0 72-000-75-00-7300 GREENBRIAR 0.00 0.00 6, 000.00 0.0 72-000-75-00-7301 FOX HILL 0.00 0.00 0.00 0.0 72-000-75-00-7302 COUNTRYHILLS 0.00 3,299.15 130, 000.00 2.5 72-000-75-00-7303 FOX HIGHLANDS 0.00 0.00 0.00 0.0 72-000-75-00-7304 SUNFLOWER 0.00 0.00 90,000.00 0.0 72-000-75-00-7305 CIMMERON RIDGE 0.00 0.00 0.00 0.0 72-000-75-00-7306 BLACKBERRY CREEK 0.00 0.00 0.00 0.0 72-000-75-00-7307 RIVERS EDGE 0.00 6,354.44 160,000.00 3.9 72-000-75-00-7308 WOODWORTH 0.00 0.00 0.00 0.0 72-000-75-00-7309 WHITE OAK 0.00 0.00 0.00 0.0 72-000-75-00-7310 WILDWOOD 0.00 0.00 0.00 0.0 72-000-75-00-7311 CANNONBALL ESTATES/KYLIN 0.00 0.00 97, 000.00 0.0 P38 11/1 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGES9 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LAND CASH FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES CAPITAL OUTLAY 72-000-75-00-7312 FOXFIELD 2ND EDITION 0.00 0.00 0.00 0.0 72-000-75-00-7313 HEARTLAND 0.00 0.00 0.00 0.0 72-000-75-00-7314 PRAIRIE GARDENS 0.00 0.00 0.00 0.0 72-000-75-00-7315 BRISBEN 0.00 0.00 0.00 0.0 72-000-75-00-7316 KYLN'S RIDGE 0.00 0.00 0.00 0.0 72-000-75-00-7317 HEARTLAND CIRCLE 0.00 0.00 5,000.00 0.0 72-000-75-00-7318 THE RESERVE 0.00 0.00 0.00 0.0 72-000-75-00-7319 THE HIGHLANDS 0.00 0.00 0.00 0.0 72-000-75-00-7320 BLACKHAWK 0.00 0.00 0.00 0.0 72-000-75-00-7321 CANNBALL HILL/KYLYN'S 0.00 0.00 0.00 0.0 72-000-75-00-7322 BEECHER 0.00 0.00 0.00 0.0 72-000-75-00-7323 BLACKHAWK 0.00 0.00 0.00 0.0 72-000-75-00-7324 TOWN SQUARE 0.00 0.00 10,000.00 0.0 72-000-75-00-7325 VAN EMMON 0.00 0.00 0.00 0.0 72-000-75-00-7326 CORLANDS 0.00 0.00 5,000.00 0.0 72-000-75-00-7327 GRANDE RESERVE PARK DEV. 21,455.45 21,455.45 220,500.00 9.7 72-000-75-00-7328 PRAIRIE MEADOWS (MENARDS RES) 0.00 0.00 5,000.00 0.0 72-000-75-00-7329 ELSIE LOUISE GILBERT PARK 0.00 0.00 55,000.00 0.0 72-000-75-00-7330 WHISPERING MEADOWS (K. HILL) 0.00 0.00 5,000.00 0.0 72-000-75-00-7700 PARK BUILDING 0.00 0.00 0.00 0.0 TOTAL CAPITAL OUTLAY 21,455.45 31,109.04 828,500.00 3.7 OTHER 72-000-78-00-9009 RESERVE 1,760.00 4,799.17 594,797.00 0.8 72-000-78-00-9010 BEECHER CONCESSION STAND 0.00 0.00 0.00 0.0 TOTAL OTHER 1,760.00 4,799.17 594,797.00 0.B TRANSFERS 72-000-99-00-9955 TRANSFER TO PARKS/REC CAP FUND 0.00 0.00 22,000.00 0.0 72-000-99-00-9970 TRANSFER TO LAND ACQUISITION 25,000.00 25,000.00 100,000.00 25.0 TOTAL TRANSFERS 25,000.00 25,000.00 122,000.00 20.4 P39 DATE: 09/08/ UNITED CITY OF 1'4RKVILLE PAI 40 TIME: 16:30:16 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LAND CASH FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL EXPENSES: 48,215.45 60,908.21 1,545,297.00 3.9 TOTAL FUND REVENUES 24,896.50 90,484.10 1,545,297.00 5.8 TOTAL FUND EXPENSES 48,215.45 60,908.21 1,545,297.00 3.9 FUND SURPLUS (DEFICIT) (23,318.95) 29,575.89 0.00 100.0 • P40 4110 DATE: 09/08/20 UNITED CITY OF Y ILLS PAG. 41 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LAND ACQUISITION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 73-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 85, 982.00 0.0 73-000-40-00-4930 COLT FUNDING 0.00 0.00 100,000.00 0.0 TOTAL CARRY OVER 0.00 0.00 185, 982.00 0.0 TRANSFERS 73-000-49-00-4935 TRANSFER FROM LAND CASH 25,000.00 25,000.00 100,000.00 25.0 73-000-49-00-4937 TRANSFER FROM PARKS & REC 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 25,000.00 25,000.00 100,000.00 25.0 TOTAL REVENUES: 25,000.00 25,000.00 285, 982.00 8.7 EXPENSES OTHER 73-000-65-00-5800 CONTINGENCY 0.00 0.00 285,982.00 0.0 73-000-65-00-5805 WEST HYDRAULIC ACQUISITION 0.00 0.00 0.00 0.0 73-000-65-00-5808 GILBERT PARK ACQUISITION 0.00 0.00 0.00 0.0 TOTAL OTHER 0.00 0.00 285, 982.00 0.0 TOTAL FUND REVENUES 25,000.00 25,000.00 285, 982.00 8.7 TOTAL FUND EXPENSES 0.00 0.00 285, 982.00 0.0 FUND SURPLUS (DEFICIT) 25,000.00 25,000.00 0.00 100.0 P41 IIPDATE: 09/084 UNITED CITY OFFRKVILLE P 42 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & RECREATION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES CARRY OVER 79-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 15,000.00 0.0 TOTAL CARRY OVER 0.00 0.00 15,000.00 0.0 CHARGES FOR SERVICES 79-000-42-00-4270 FEES FOR PROGRAMS 20,499.24 36,432.84 93,000.00 39.1 79-000-42-00-4280 CONCESSIONS 2, 677.00 7,883.50 35,000.00 22.5 79-000-42-00-4281 BEECHER BLDG DEPOSITS 75.00 985.00 5,000.00 19.7 79-000-42-00-4282 FARMERS MARKET 80.00 780.00 500.00 156.0 79-000-42-00-4285 VENDING MACHINE INCOME 183.82 217.85 450.00 48.4 79-000-42-00-4286 RENTAL INCOME 600.00 765.00 2,000.00 38.2 79-000-42-00-4287 RENTAL INCOME - SHELTERS 95.00 510.00 300.00 170.0 79-000-42-00-4288 GOLF OUTING REVENUE 0.00 36,251.00 25,000.00 145.0 79-000-42-00-4289 DAY TRIPS 0.00 0.00 0.00 0.0 79-000-42-00-4290 YOUTH/SPECIAL EVENTS 0.00 0.00 0.00 0.0 TOTAL CHARGES FOR SERVICES 24,210.06 83,825.19 161,250.00 51.9 MISCELLANEOUS 79-000-44-00-4400 DONATIONS 1, 665.00 2,565.00 12,000.00 21.3 79-000-44-00-4404 TREE DONATIONS 0.00 300.00 1,200.00 25.0 79-000-44-00-4490 MISCELLANEOUS INCOME 0.00 0.00 0.00 0.0 TOTAL MISCELLANEOUS 1, 665.00 2, 865.00 13, 200.00 21.7 INTERGOVERNMENTAL 79-000-45-00-4540 ILLINOIS FIRST GRANT (4, 149.00) 0.00 0.00 0.0 79-000-45-00-4545 IDNR GRANT 0.00 0.00 0.00 0.0 79-000-45-00-4550 YOUTH SERVICES GRANT 0.00 0.00 3,500.00 0.0 TOTAL INTERGOVERNMENTAL (4,149.00) 0.00 3,500.00 0.0 INTEREST 79-000-46-00-4600 INVESTMENT INCOME 0.00 0.00 1,500.00 0.0 TOTAL INTEREST 0.00 0.00 1,500.00 0.0 P42 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGE.3 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & RECREATION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL $ ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TRANSFERS 79-000-49-00-4901 TRANSFER FROM GENERAL FUND 189,124.00 189,124.00 756, 496.00 25.0 TOTAL TRANSFERS 189,124 .00 189,124 .00 756,496.00 25.0 TOTAL REVENUES: 210,850.06 275,814.19 950, 946.00 29.0 PARKS EXPENSES PERSONNAL SERVICES 79-610-50-00-5107 SALARIES-EMPLOYEES 20, 147.28 63, 176.33 256, 926.00 24.5 79-610-50-00-5136 SALARIES - PART-TIME 7,159.50 24,465.88 45,000.00 54.3 79-610-50-00-5137 SALARIES - OVERTIME 329.43 2,001.05 8,000.00 25.0 TOTAL PERSONNAL SERVICES 27, 636.21 89, 643.26 309, 926.00 28.9 PROFESSIONAL SERVICES 79-610-61-00-5320 MASTER PLAN 0.00 0.00 10,000.00 0.0 TOTAL PROFESSIONAL SERVICES 0.00 0.00 10,000.00 0.0 CONTRACTUAL SERVICES 79-610-62-00-5405 PARK CONTRACTUAL 0.00 2, 606.00 10,000.00 26.0 79-610-62-00-5408 MAINTENANCE-EQUIPMENT 0.00 1,440.27 5,000.00 28.8 79-610-62-00-5417 MAINTENANCE-PARKS 209.84 5,376.15 30,000.00 17.9 79-610-62-00-5421 WEARING APPAREL 0.00 689.76 5,500.00 12.5 79-610-62-00-5425 ILLINOIS FIRST GRANT 0.00 0.00 0.00 0.0 79-610-62-00-5434 RENTAL-EQUIPMENT 0.00 110.00 1,500.00 7.3 79-610-62-00-5438 CELLULAR TELEPHONE 0.00 238.63 5,000.00 4.7 79-610-62-00-5440 LAND DEVELOPER 1, 970.96 6,243.97 35,000.00 17.8 79-610-62-00-5445 LEGAL EXPENSES 0.00 0.00 5,000.00 0.0 TOTAL CONTRACTUAL SERVICES 2, 180.80 16,704.78 97,000.00 17.2 PROFESSIONAL DEVELOPMENT P43 DATE: 09/08/ UNITED CITY OFFKVILLE PA• 94 PIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & RECREATION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED PARKS EXPENSES PROFESSIONAL DEVELOPMENT 79-610-64-00-5602 PROFESSIONAL GROWTH/SUBSCRPT 0.00 0.00 2, 500.00 0.0 79-610-64-00-5605 TRAVEL EXPENSE 0.00 0.00 2,000.00 0.0 79-610-64-00-5612 CONTINUING EDUCATION 0.00 0.00 3,000.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 0.00 0.00 7,500.00 0.0 OPERATIONS 79-610-65-00-5800 CONTINGENCIES 0.00 0.00 0.00 0.0 79-610-65-00-5802 OFFICE SUPPLIES 0.00 0.00 1,000.00 0.0 79-610-65-00-5804 OPERATING SUPPLIES 874.71 1,752.08 20, 000.00 8.7 79-610-65-00-5812 GASOLINE 0.00 0.00 3,000.00 0.0 79-610-65-00-5815 HAND TOOLS 0.00 198.49 2,000.00 9.9 79-610-65-00-5824 CHRISTMAS DECORATIONS 0.00 0.00 5, 000.00 0.0 79-610-65-00-5825 PUBLIC DECORATION 0.00 0.00 2,000.00 0.0 TOTAL OPERATIONS 874.71 1, 950.57 33,000.00 5.9 RETIREMENT 79-610-72-00-6500 IMRF PARTICIPANTS 2,059.45 6,497.45 26, 678.00 24.3 79-610-72-00-6501 SOCIAL SECURITY/MEDICARE 2, 122.20 6,865.70 23,709.00 28.9 TOTAL RETIREMENT 4,181.65 13,363.15 50, 387.00 26.5 CAPITAL OUTLAY 79-610-75-00-7003 OFFICE EQUIPMENT 0.00 0.00 2,000.00 0.0 79-610-75-00-7701 FLOWERS/TREES 0.00 1, 204.53 5, 500.00 21. 9 79-610-75-00-7705 TRANSFER TO LAND ACQUISITION 0.00 0.00 0.00 0.0 TOTAL CAPITAL OUTLAY 0.00 1, 204.53 7, 500.00 16.0 TOTAL EXPENSES: PARKS 34,873.37 122,866.29 515,313.00 23.8 RECREATION EXPENSES P44 DATE: 09/08/20 UNITED CITY OF YO•ILLE PAGE•5 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & RECREATION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED RECREATION PERSONNEL SERVICES 79-650-50-00-5107 EMPLOYEE SALARIES 15,318.28 53, 651.46 195,471.00 27.4 79-650-50-00-5108 CONCESSION STAFF 241.87 3,296.77 16,500.00 19.9 79-650-50-00-5150 SALARIES-INSTRUCTOR CONTRACTUA 8,044.64 16,373.85 35,000.00 46.7 79-650-50-00-5155 SALARIES-RECORDING SECRETARY 0.00 466.25 3,000.00 15.5 79-650-50-00-5156 SALARIES-CUSTODIAL 650.00 650.00 0.00 (100.0) TOTAL PERSONNEL SERVICES 24,254.79 74,438.33 249, 971.00 29.7 PROFESSIONAL SERVICES 79-650-61-00-5321 RECREATION RESEARCH 0.00 0.00 1,000.00 0.0 TOTAL PROFESSIONAL SERVICES 0.00 0.00 1,000.00 0.0 CONTRACTUAL SERVICES 79-650-62-00-5408 MAINTENANCE SUPPLIES 292.49 771.66 6,500.00 11.8 79-650-62-00-5409 MAINTENANCE-VEHICLES 0.00 0.00 1,000.00 0.0 79-650-62-00-5410 MAINTENANCE-OFFICE EQUIPMENT 270.00 1, 596.00 2,500.00 63.8 79-650-62-00-5426 YOUTH SERVICES GRANT EXPENSES 0.00 0.00 3,000.00 0.0 79-650-62-00-5437 TELEPHONE/INTERNET 58.55 199.55 1,500.00 13.3 79-650-62-00-5438 CELLULAR TELEPHONE 0.00 223.26 3,500.00 6.3 79-650-62-00-5445 PORTABLE TOILETS 679.68 1,400.09 5,000.00 28.0 79-650-62-00-5603 PUBLISHING/ADVERTISING 80.40 6,473.40 24,000.00 26.9 79-650-62-00-5605 BOOKS/PUBLICATIONS 0.00 84 .50 750.00 11.2 79-650-62-00-5606 BEECHER DEPOSIT REFUND 1, 100.00 1, 675.00 5,000.00 33.5 TOTAL CONTRACTUAL SERVICES 2,481 .12 12,423.46 52,750.00 23.5 PROFESSIONAL DEVELOPMENT 79-650-64-00-5600 DUES 70.00 70.00 2,500.00 2.8 79-650-64-00-5602 PROFESSIONAL GROWTH/SUBSCRIPT 0.00 90.00 7,300.00 1.2 79-650-64-00-5605 TRAVEL EXPENSE 0.00 0.00 2,000.00 0.0 79-650-64-00-5614 TOURNAMENT FEES 0.00 0.00 0.00 0.0 TOTAL PROFESSIONAL DEVELOPMENT 70.00 160.00 11,800.00 1.3 OPERATIONS P45 ODATE: 09/084 UNITED CITY OFFKVILLE P 46 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: PARKS & RECREATION FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED RECREATION SXPENSES OPERATIONS 79-650-65-00-5800 CONTINGENCIES 0.00 0.00 0.00 0.0 79-650-65-00-5802 OFFICE SUPPLIES 306.41 1, 173.26 6,000.00 19.5 79-650-65-00-5803 PROGRAM EXPENSES 3,194.70 4,732.05 29,300.00 16.1 79-650-65-00-5804 OPERATING SUPPLIES 0.00 76.00 4,000.00 1.9 79-650-65-00-5805 RECREATION EQUIPMENT 0.00 808.15 2, 500.00 32.3 79-650-65-00-5808 POSTAGE & SHIPPING 0.00 1,126.64 5,000.00 22.5 79-650-65-00-5812 GASOLINE 0.00 361.27 800.00 45.1 79-650-65-00-5826 MILEAGE 69.68 69.68 750.00 9.2 79-650-65-00-5827 GOLF OUTING EXPENSES 0.00 19, 166.05 15, 000.00 127.7 79-650-65-00-5828 CONCESSIONS 1,565.29 7,253.97 9,800.00 74 .0 79-650-65-00-5830 YOUTH/SPECIAL EVENTS 0.00 2,990.68 0.00 (100.0) 79-650-65-00-5831 DAY TRIP EXPENSES 0.00 0.00 0.00 0.0 79-650-65-00-5840 SCHOLARSHIPS 0.00 170.00 1, 500.00 11.3 79-650-65-00-5841 PROGRAM REFUND 207.53 770.53 4, 500.00 17.1 TOTAL OPERATIONS 5, 343.61 38, 698.28 79, 150.00 48.8 RETIREMENT 79-650-72-00-6500 IMRF PARTICIPANTS 1, 428.97 5,180.50 18, 101.00 28.6 79-650-72-00-6501 SOCIAL SECURITY/MEDICARE 1, 447. 62 4, 941.14 17, 861.00 27.6 TOTAL RETIREMENT 2,876.59 10,121.64 35, 962.00 28.1 CAPITAL OUTLAY 79-650-75-00-7002 COMPUTER EQUIP & SOFTWARE 1,298.85 1,298.85 5,000.00 25.9 TOTAL CAPITAL OUTLAY 1,298.85 1,298.85 5, 000.00 25.9 TOTAL EXPENSES: RECREATION 36,324.96 137,140.56 435, 633.00 31.4 TOTAL FUND REVENUES 210,850.06 275,814.19 950, 946.00 29.0 TOTAL FUND EXPENSES 71,198.33 260,006.85 950, 946.00 27.3 FUND SURPLUS (DEFICIT) 139, 651.73 15,807.34 0.00 100.0 P46 DATE: 09/08/20 UNITED CITY OF YOILLE PAGE"7 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW • FUND: LIBRARY FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES TAXES 82-000-40-00-3997 CARRY OVER DEVELOPMENT FEES 0.00 0.00 100,000.00 0.0 82-000-40-00-3998 CARRY OVER-MEMORIALS 0.00 0.00 5,000.00 0.0 82-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 0.00 0.0 82-000-40-00-4000 REAL ESTATE TAXES 97,330.95 97,330.95 308,353.00 31.5 82-000-40-00-4010 PERSONAL PROPERTY TAX 1, 150.15 1,324.94 2,500.00 52.9 82-000-40-00-4015 TRANSFER FROM GENERAL FUND 0.00 0.00 19,811.00 0.0 TOTAL TAXES 98,481.10 98,655.89 435,664 .00 22.6 CHARGES FOR SERVICES 82-000-42-00-4211 DEVELOPMENT FEES - BUILDING 8,025.00 14,775.00 20,000.00 73.8 82-000-42-00-4215 DEVELOPMENT FEES-BOOKS 8,025.00 14,775.00 20,000.00 73.8 82-000-42-00-4260 COPY FEES 50.10 267.80 900.00 29.7 82-000-42-00-4261 LIBRARY SUBSCRIPTION CARDS 500.00 3,350.00 8,000.00 41.8 82-000-42-00-4286 RENTAL INCOME 91.00 206.00 1,000.00 20.6 TOTAL CHARGES FOR SERVICES 16, 691.10 33,373.80 49, 900.00 66.8 FINES 82-000-43-00-4330 LIBRARY FINES 192.24 678.51 3,000.00 22.6 TOTAL FINES 192.24 678.51 3,000.00 22.6 MISCELLANEOUS 82-000-44-00-4432 SALE OF BOOKS 51.00 283.06 500.00 56.6 82-000-44-00-4450 MEMORIALS 50.00 703.60 1,500.00 46.9 TOTAL MISCELLANEOUS 101.00 986.66 2,000.00 49.3 INTERGOVERNMENTAL 82-000-45-00-4560 LIBRARY PER CAPITA GRANT 0.00 0.00 7,700.00 0.0 TOTAL INTERGOVERNMENTAL 0.00 0.00 7,700.00 0.0 INTEREST P47 DATE: 09/08 4 UNITED CITY OFFKVILLE 110 48 PIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LIBRARY FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED 2EVENUES INTEREST 82-000-46-00-4600 INVESTMENT INCOME 345.76 502.76 1,500.00 33.5 82-000-46-00-4601 INVESTMENT INCOME-BLDG 0.00 0.00 1,250.00 0.0 TOTAL INTEREST 345.76 502.76 2,750.00 18.2 TOTAL REVENUES: 115,811.20 134,197.62 501,014.00 26.7 EXPENSES PERSONNEL SERVICES 82-000-50-00-5107 SALARIES-EMPLOYEES 10,307.30 37,432.56 180,000.00 20.7 82-000-50-00-5203 GROUP HEALTH INSURANCE 0.00 4,566.16 30,000.00 15.2 82-000-50-00-5204 GROUP LIFE INSURANCE 0.00 163.26 1, 500.00 10.8 82-000-50-00-5205 DENTAL & VISION ASSISTANCE 95.00 95.00 3,500.00 2.7 TOTAL PERSONNEL SERVICES 10, 402.30 42,256.98 215,000.00 19.6 PROFESSIONAL SERVICES 82-000-61-00-5300 LEGAL SERVICES 0.00 0.00 0.00 0.0 82-000-61-00-5322 BONDING 0.00 381.00 1, 400.00 27.2 82-000-61-00-5323 ATTORNEY 0.00 0.00 3,000.00 0.0 TOTAL PROFESSIONAL SERVICES 0.00 381.00 4,400.00 8. 6 CONTRACTUAL SERVICES 82-000-62-00-5401 CONTRACT SERVICES 0.00 0.00 0.00 0.0 82-000-62-00-5407 MAINTENANCE-BLDG/JANITORIAL 290.00 580.00 5,000.00 11.6 82-000-62-00-5410 MAINTENANCE-OFFICE EQUIPMENT 0.00 0.00 3,000.00 0.0 82-000-62-00-5412 MAINTENANCE-PHOTOCOPIER 0.00 0.00 1,000.00 0.0 82-000-62-00-5435 ELECTRICITY 105.94 105.94 2, 500.00 4.2 82-000-62-00-5436 TELEPHONE 26.17 144.37 1,700.00 8.4 TOTAL CONTRACTUAL SERVICES 422.11 830.31 13,200.00 6.2 PROFESSIONAL DEVELOPMENT P48 DATE: 09/08/20 UNITED CITY OF Y•ILLE PAGES9 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.W0W FUND: LIBRARY FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES PROFESSIONAL DEVELOPMENT 82-000-64-00-5603 SUBSCRIPTIONS 33.00 110.10 2,500.00 4.4 82-000-64-00-5604 TRAINING & CONFERENCES 50.00 50.00 1,000.00 5.0 82-000-64-00-5607 PUBLIC RELATIONS 0.00 0.00 650.00 0.0 82-000-64-00-5616 EMPLOYEE RECOGNITION 0.00 39.99 2,000.00 1.9 TOTAL PROFESSIONAL DEVELOPMENT 83.00 200.09 6, 150.00 3.2 OPERATIONS 82-000-65-00-5800 CONTINGENCIES 44 .00 44 .00 4,314 .00 1.0 82-000-65-00-5806 LIBRARY SUPPLIES 938.79 1,528.97 7,000.00 21.8 82-000-65-00-5807 CUSTODIAL SUPPLIES 275.70 406.36 4,000.00 10.1 82-000-65-00-5808 POSTAGE & SHIPPING 0.00 0.00 900.00 0.0 82-000-65-00-5810 PUBLISHING & ADVERTISING 0.00 23.60 300.00 7.8 82-000-65-00-5826 MILEAGE 37.50 37.50 600.00 6.2 82-000-65-00-5832 VIDEOS 0.00 0.00 5,500.00 0.0 82-000-65-00-5833 ALARM MONITORING 509.79 509.79 900.00 56.6 82-000-65-00-5834 LIBRARY PROGRAMMING 296.21 694 .22 9,000.00 7.7 82-000-65-00-5835 LIBRARY BOARD EXPENSES 0.00 0.00 500.00 0.0 82-000-65-00-5836 BOOKS-ADULT 1,272.10 1,272.10 10,000.00 12.7 82-000-65-00-5837 BOOKS-JUVENILE 85.57 85.57 10,000.00 0.8 82-000-65-00-5838 BOOKS-AUDIO 129.16 129.16 6,000.00 2.1 82-000-65-00-5839 BOOKS-REFERENCE 2,110.46 2,110.46 12,000.00 17.5 82-000-65-00-5840 BOOKS-DEVELOPMENT FEE 0.00 6,516.29 70,000.00 9.3 82-000-65-00-5841 MEMORIALS/GIFTS 311.93 311.93 6,500.00 4 .7 82-000-65-00-5842 BLDG-DEVELOPMENT FEES 4,250.00 4,250.00 71,250.00 5.9 TOTAL OPERATIONS 10,261.21 17, 919.95 218,764 .00 8.1 RETIREMENT 82-000-72-00-6500 IMRF PARTICPANTS 661.24 2,296.13 8,000.00 28.7 82-000-72-00-6501 SOCIAL SECURITY/MEDICARE 788.47 2,863.53 13, 500.00 21.2 TOTAL RETIREMENT 1, 449.71 5, 159.66 21,500.00 23.9 CAPITAL OUTLAY P49 DATE: 09/08.4 UNITED CITY OFFRKVILLE POP 50 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: LIBRARY FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED EXPENSES CAPITAL OUTLAY 82-000-75-00-7002 COMPUTER EQUIP & SOFTWARE 0.00 0.00 0.00 0.0 82-000-75-00-7003 AUTOMATION 606.02 1,272.04 22,000.00 5.7 82-000-75-00-7703 BUILDING EXPANSION 0.00 0.00 0.00 0.0 TOTAL CAPITAL OUTLAY 606.02 1,272.04 22,000.00 5.7 TOTAL EXPENSES: 23,224.35 68,020.03 501,014.00 13.5 TOTAL FUND REVENUES 115,811.20 134,197.62 501,014.00 26.7 TOTAL FUND EXPENSES 23,224.35 68,020.03 501,014.00 13.5 FUND SURPLUS (DEFICIT) 92, 586.85 66, 177.59 0.00 100.0 P50 DATE: 09/08/20 UNITED CITY OF Y . ILLE PAGE•1 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: FOX INDUSTRIAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL $ ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED REVENUES TAXES 85-000-40-00-3999 CARRY OVER BALANCE 0.00 0.00 46,000.00 0.0 85-000-40-00-4090 TIF REVENUES 20,022.55 20,022.55 35,000.00 57.2 TOTAL TAXES 20,022.55 20,022.55 81,000.00 24 .7 INTEREST 85-000-46-00-4600 INVESTMENT INCOME 0.00 0.00 1,000.00 0.0 TOTAL INTEREST 0.00 0.00 1,000.00 0.0 TRANSFERS 85-000-49-00-4905 TRANSFER FROM MFT FUND 0.00 0.00 0.00 0.0 TOTAL TRANSFERS 0.00 0.00 0.00 0.0 TOTAL REVENUES: 20,022.55 20,022.55 82,000.00 24.4 EXPENSES DEBT SERVICES 85-000-66-00-6021 FOX IND BOND-PRINCIPAL PMT 0.00 0.00 55,000.00 0.0 85-000-66-00-6022 FOX IND BOND-INT PAYMENT 0.00 12,146.25 24,293.00 49.9 TOTAL DEBT SERVICES 0.00 12,146.25 79,293.00 15.3 CAPITAL OUTLAY 85-000-75-00-7901 FOX INDUSTRIAL - NON MFT 0.00 0.00 0.00 0.0 85-000-75-00-7902 FOX INDUSTRIAL EXPENSES 0.00 0.00 0.00 0.0 TOTAL CAPITAL OUTLAY 0.00 0.00 0.00 0.0 OTHER 85-000-78-00-9007 ADMINSITRATION FEES 214.00 214.00 214 .00 100.0 85-000-78-00-9010 RESERVE-FUTURE BOND PYMTS 0.00 0.00 2, 493.00 0.0 TOTAL OTHER 214 .00 214.00 2,707.00 7.9 P51 11/0 DATE: 09/08.4 UNITED CITY OFFKVILLE P 52 TIME: 16:30:17 DETAILED REVENUE & EXPENSE REPORT F-YR: 05 ID: GL470002.WOW FUND: FOX INDUSTRIAL FOR 3 PERIODS ENDING JULY 31, 2004 FISCAL FISCAL % ACCOUNT JULY YEAR-TO-DATE YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL ACTUAL BUDGET EXPENDED TOTAL EXPENSES: 214.00 12,360.25 82,000.00 15.0 TOTAL FUND REVENUES 20,022.55 20,022.55 82,000.00 24 .4 TOTAL FUND EXPENSES 214.00 12, 360.25 82,000.00 15.0 FUND SURPLUS (DEFICIT) 19,808.55 7, 662.30 0.00 100.0 P52 Zoning Coordinator Monthly Report United City of Yorkville August 2004 Summary Page I Admin. Fox Hill Grande Raintree Theidel Total Reserve Village Correspondence 0.00 0.00 0.00 0.00 0.00 0.00 Reviews/Research 0.00 0.50 0.50 0.25 1.00 2.25 Reports 7.25 1.00 0.00 0.00 0.00 8.25 Meetings 1.00 0.00 0.00 0.00 0.00 1.00 Totall 8.25 1.50 0.50 0.25 1.00 11.50 Page 1 of 1 Printed: 9/2/2004 Zoning Coordinator Monthly Report United City of Yorkville August 2004 Daily Timesheet Day of Grande Raintree Date Admin. Fox Hill Theidel Total Week Reserve Village Sunday 8/1/2004 0.00 0.00 0.00 0.00 0.00 0.00 Monday 8/2/2004 3.25 0.00 0.00 0.00 0.00 3.25 Tuesday 8/3/2004 4.00 0.00 0.00 0.00 0.00 4.00 Wednesday 8/4/2004 0.00 0.50 0.00 0.00 0.00 0.50 Thursday 8/5/2004 0.00 1.00 0.00 0.00 0.00 1.00 Friday 8/6/2004 0.00 0.00 0.00 0.00 0.00 0.00 Saturday 8/7/2004 0.00 0.00 0.00 0.00 0.00 0.00 Sunday 8/8/2004 0.00 0.00 0.00 0.00 0.00 0.00 Monday 8/9/2004 0.00 0.00 0.00 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 0.00 0.00 0.00 -- -- --_ ------__-__ -- - - ----- --- -- ---- - --- - _ --- - --_•- ---._.-------.._.-- Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004 0.00 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.00 0.00 0.00 0.00 0.00 Saturday 8/14/2004 0.00 0.00 0.00 0.00 0.00 0.00 Sunday 8/15/2004 0.00 0.00 0.00 0.00 0.00 0.00 Monday 8/16/2004 0.00 0.00 0.00 0.00 0.00 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.00 0.00 0.00 0.25 0.00 0.25 Thursday 8/19/2004 0.00 0.00 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.00 0.00 0.00 0.00 0.00 Saturday 8/21/2004 0.00 0.00 0.00 0.00 0.00 0.00 Sunday 8/22/2004 0.00 0.00 0.00 0.00 0.00 0.00 Monday 8/23/2004 0.00 0.00 0.00 0.00 0.00 0.00 Tuesday 8/24/2004 0.00 0.00 0.50 0.00 0.00 0.50 Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00 0.00 0.00 0.00 0.001 0.00 Friday 8/27/2004 0.00 0.00 0.00 0.00 1.00 1.00 Saturday 8/28/2004 0.00 0.00 0.00 0.00 0.00 0.00 Sunday 8/29/2004 0.00 0.00 0.00 0.00 0.00 0.00 Monday 8/30/2004 0.00 0.00 0.00 0.00 0.00 0.00 Tuesday 1 8/31/2004 1.00 0.00 0.00 0.00 0.00 1.00 Page 1 of 1 Printed: 9/2/2004 Zoning Coordinator Monthly Report United City of Yorkville August 2004 Admin Day of Week Date Correspondence Reviews/ Reports Meetings Daily Notes/Comments written/oral Research Totals Sunday 8/1/2004 " 0.00 0.00 0.00 0.00 0,00 Work on Monthly timesheet Work on Monthly timesheet Work on Monday 8/2/2004 0.00 0.00 3.25 0.00 3.25 Monthly timesheet Tuesday 8/3/2004 0.00 0.00 4.00 0.00 4.00 Update timesheet Time sheet Timesheet Wednesday 8/4/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/5/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/6/2004 0.00, 0.00 0.00 0.00 0.00 Saturday , 817/2004 . 0.00 0.00 0,00 ' 0.00 0.00 Sunday 8/8/2004 0,00 0.00 0.00 0.00 .0.00 Monday 8/9/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004' 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.001 0.00 0.00 0.00 Saturday 8/14/2004 0.00 0.00 0.00 0.00 0.00 Sunday , 8/15/2004 0.00 0.00_ 0.00"' 0,00 0,00 Monday 8/16/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/19/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/21/2004 0.00 0.00 0.00 = 0,00 0.00 Sunday I 8/22/2004 0.00 0.00 0.00 0,00 0,00 . Monday 1 8/23/2004 0.001 0.00 0.00 0.00 0.00 Tuesday 8/24/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00r 0.00, 0.00 0.00 0.00 Friday 8/27/20041 0.00 0.00 0.00 0.00 0.00 Saturday- 8/28/2004 0.00 0,00 0.00 0.00 0.000 Sunday 8/29/2004 0,00 0.00 0.00 0.00 0.00 Monday 8/30/2004, 0.00 0.001 0.001 0.00 0.00 Tuesday 8/31/2004 0.00 0.00 0.00 1.00 1.00 Mtg w/ Platford Realty group about developing in Yorkville Printed: 9/2/2004 Zoning Coordinator Monthly Report United City of Yorkville August 2004 Fox Hill Day of Week Date Correspondence Reviews/ I Reports Meetings Daily Notes/Comments written/oral , Research Totals Sunday 8/1/2004 0.00 0.00 0.00 0.00 0.00 Monday 8/2/2004 0.00' 0.00 0.001 0.00 0.00 Tuesday 8/3/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/4/2004 0.00 0.50 0.00 0.00 0.50 Review Fox Hill Unit 7 plat Thursday 8/5/2004 0.00 0.00 1.00 0.00 1.00 Fox Hill Unit 7 Final Subdivision Plat report Finalize report Friday 8/6/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/7/2004 0.000.00 0.00 0.00 0.00 Sunday 8/8/2004 0.00 0.00 0.00 0.00 .` 0.00 . _ . Monday 8/9/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.00 0.001 0.00 0.00 Saturday 8/14/2004 0.00 0.00 .0.00 0.00 0.00 Sunday 8/15/2004 0.00 0.00 . 0,00 = 0,00` 0.00 Monday 8/16/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.001 0.00 0.00 0.00 0.00 Thursday 8/19/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.00 0.00 0.00 0.00 Saturday' 8/21/2004 0.00 0.00 0.00 0.00 , .000 . Sunday 8/22/2004 0.00 0.00 0.00 0.00 0.00 Monday 8/23/2004 0.001 0.00 0.00 0.00 0.00 Tuesday 8/24/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/27/2004 0.00 0.00 0.00 0.00 0.00 Saturday' 8/28/2004 0.00 0.00 0.00 ' 0.00 0.00 Sunday 8/29/2004 0,00 0.00 0.00 0.00 0.00 Monday 8/30/2004 0.001 0.00 0.00 0.00 0.00 Tuesday 8/31/2004 0.00 0.001 0.00 0.00 0.00 Printed: 9/2/2004 Zoning Coordinator Monthly Report United City of Yorkville August 2004 Grande Reserve Day of Week Date Correspondence Reviews/ Reports Meetings Daily Notes/Comments I written/oral Research Totals Sunday ;.8/112004 0.00 0.00 0.00 0.00 0.00 Monday 8/2/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/3/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/4/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/5/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/6/2004 0.00 0.001 0.00 0.00 0.001 Saturday , 8/7/2004 0.00 0.00 0.00 0.00 0.00 Sunday 8/8/2004 0.00. 0,00 0.00 0.00 0.00 Monday 8/9/2004 0.001 0.001 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.00 0.00 0.00 0.00 Saturdayy8/14/2004 0.00 0.00 0.00 0.00 0.00 Sunday 8/15/2004 0.00 0.00 _ . 0.00 . 0,00 0.00 Monday 8/16/2004 0.00 0.00, 0.00 0.00 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/19/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/21/2004 0.00 , 0.00 0.00 0.00 0.00 = Sunday 8/22/2004- 0.00 0.00 0,00 0:00. . 0.00 - Monday 1 8/23/2004 0.00 0.00l 0.000.0O 0.00 Tuesday 8/24/2004 0.00 0.50 0.00 0.00 0.50 Research wetlands provisions for Joe Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/27/2004 0.00 0.001 0.00 0.00 0.00 Saturday 8/28/2004 0.00 0.00 0.00 0.00 0.00 Sunday ' 8/29/2004 0.00 0,00 0.00 ` 0.00 :0.00 Monday 8/30/2004 0.00 0.00 0.00' 0.00 0.00 Tuesday 8/31/2004 0.00 0.00 0.00 0.00 t 0.00 Printed: 9/2/2004 • . Zoning Coordinator Monthly Report United City of Yorkville August 2004 Raintree Correspondence Reviews/ Daily Day of Week Date Reports Meetings Notes/Comments written/oral I Research Totals Sunday 8/1/2004 ' 0.00 0.00 0.00 0,00 „0.00 Monday 8/2/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/3/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/4/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/5/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/6/2004 0.00 0.00 0.00 0.0010.00 Saturday 8/7/2004 - 0.00 0.00 0.00 '0.00 0,00 Sunday ' 8/8/2004 0.00 0.00 0.00 0,00 0‘,00, Monday 8/9/2004 0.00 0.00 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.00 0.00 0.0b1 0.00 Saturday' ' 8/14/2004 0.00 ' 0.00 • 0.00 0.00 0.00 Sunday ,`'' ' 8/18/2004 ‘' 0.00 0.00 0,00 - 0.00 0.00 ..... . . , Monday 8/16/2004 0.00 0.00 0.00 0.001 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.00 0.25 0.00 0.00 0.25 Preparation for review Raintree Units 4, 5 & 6 final plat Thursday 8/19/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.25 0.50 0.00 0.75 Review FSP Units 4, 5 & 6Draft memos - FSP Units 4, 5 & 6 Saturday ' s 8/21/2004 '' 0.00 0.00 ' 0,00 0.00 0.00 Sunday ' 8/22/2004 - , 0.00 0.00 ' 0.00 0.00 0.00 Monday 8/23/2004 0.00 0.001 0.00 0.00 0.00 Tuesday 8/24/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/27/2004 0.00 0.00 0.00 0.00 0.00 Saturday " ' ' 8/28/2004 - , ' 0.00 . 0.00 ' 0.00 0.00 0.00 ' • - .,, , ' , - , ‘ Sunday 8/29/2004 ' 0.00 0.00 0.00 , 0.00 0.00 Monday 8/30/2004 0.001 0.00 0.00 0.00 0.00 Tuesday 8/31/2004 0.001 0.00 0.00 0.00 0.00 Printed: 9/2/2004 f Zoning Coordinator Monthly Report United City of Yorkville August 2004 Theidel Day of Week Date Correspondence Reviews/ Reports Meetings Daily Notes/Comments written/oral Research Totals Sunday 8/1/2004 0.00 0.00 0.00 0.00 0.00 Monday 8/2/2004 0.00 0.00 0.00 0.00 0.001 Tuesday 8/3/2004' 0.00 0.00 0.00 0-00 0.00 Wednesday 8/4/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/5/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/6/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/7/2004 0.00 0.00 0.00 0.00 0.00 Sunday 8/8/2004 0.00 0.00 0.00 0,00 0.00 . Monday 8/9/20041 0.001 0.00 0.00 0.00 0.00 Tuesday 8/10/2004 0.00 0.00 0.00 k 0.00 0.00 - - Wednesday 8/11/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/12/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/13/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/14/2004 0.00 0.00 0 0(� 0,00 0.00 ! Sunday. =-" 8/15/2004 0.00 ` 0.00 0.00 0.00 0.00 Monday 8/16/2004 0.00 1 0.00 0.00 0.00 0.00 Tuesday 8/17/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/18/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/19/2004, 0.00 t 0.00 0.00 0.00 0.00 Friday 8/20/2004 0.00 0.00 0.00 0.00 0.00 Saturday 8/2112004 0.00 0.00 0.00 0.00 _ 0.00 Sunday 8/22/2004 0.00 0.00 0.001 _0.00 0.00 Monday 8/23/2004 0.00 0.00 0.00 0.001 0.00 Tuesday 8/24/2004 0.00 0.00 0.00 0.00 0.00 Wednesday 8/25/2004 0.00 0.00 0.00 0.00 0.00 Thursday 8/26/2004 0.00 0.00 0.00 0.00 0.00 Friday 8/27/2004 0.00 1.00 0.00 0.00 1.00 Review Theidel PUD Saturday 8/28/2004 0.00 0.00 0.00 ` 0.00 0.00 Sunday 8/29/2004 0.00 . 0.00 0.00 0.00 0.00 Monday 8/30/2004 0.001 0.00 0.00 0.00 0.00 Tuesday 8/31/20041 0.00 0.00 0.00 0.00 0.00_, Printed: 9/2/2004 Usage Statistics for yorkville.il.us - Last 12 Months Page 1 of 1 Usage Statistics for yorkville.il.us Summary Period: Last 12 Months Generated 07-Sep-2004 06:33 CDT Usage sunnary for yorkville.il.us ity A co kA d i? t. .y ----t T Tr ,,, .....i . Oct Nov Oec Jai-1_221...o Mar r Mai Jun Jul fAZ +: .tes Summary by Month Daily Avg Monthly Totals Month Hits Files Pages Visits Sites KBytes Visits Pages Files Hits Sep 2004 7119 5487 363 119 711 382786 839 2546 38411 49834 Aug 2004 7638 5870 378 138 2513 1598617 4307 11736 181978 236800 Jul2004 3355 2191 152 46 89 19982 46 152 2191 3355 Totals 2001385 5192 14434 222580 289989 Generated by Webalizer Version 2.0.1 http://www.yorkville.il.us:2082/tmp/yorkv3/webalizer/index.html 9/7/2004 PROJECT FINANCIAL TRACKING WORKSHEET PROJECT&DEVELOPER LOCATION PROJECT SIZE ACRES FILE FEES ADMIN FEE FINAL ENG. ENG.SVCS LEGAL/PLANNER MISCELLANEOUS FEES TOTAL RCVD COMMENTS/STATUS PLAT REVIEW FEE DEPOSIT SVC DEPOSIT TO DATE 1 Bailey Meadows:IRED/Mid America SW corner 47&Baseline 189 sfd, 153 t.h.,25.8A Comm. 150 $2,200.00 $10,000.00 $10,000.00 $9500 Flood Study Fees Due(In Agmt) $22,200.00 Annex,Zone,Prelim.Plan Approved 7/13 City Council 1 t_8aW Centex Homes �1&S 01 Galena Rd,'EE Of pd 656crdas 37d#.h, . 597.3 7 180042fl fl00:00 :. _ S Offl_i0 v ,. : , 32 180.°tt0 'r Annex Zoning,:-PDD:94Plan Gcrmmisswrl `?2 3 Bristol Club:Lay-Corn Galena&Cannonball 31 sfd $1,946.50 $9,482.50 $5,000.00 $10,000.00 $250:1.5mi review fee pd $26,679.00 WITHDRAWN 2/11/04 3 >-4 ;, I Caledonia:lrr and B •''' ': . N/Wof.Y C .. 206 sfd ':85.29 $500.00 i _ 10000.4)0 �000�10 ' 227ti FloodFees�3ue � `. �5500:�0 • •:: Amend � PUH: is Approved 4 � � . � 4) Study $ Aran x, g131 P+Pp 5 Cannonball Run Plaza:Jim Ratos S/E side 34&CannonBall 8 commercial lots $0.00 5 6 ChallyPrOp:Wyndham Drpt N/Wcomer 71&Pavrlllon 120 sfd 180.12 - Concept Plan Phase 6 7 Cimarron Ridge:Conover Bldrs. S of 34,E of Cannonball 29 sfd,46 dup.,9.9 A comm. 40.82 $0.00 87%built out 7 8 Corner Stone:TrangIe Investments ''; NM.rmer47&Green&Oreenhrittr' 41sfd,17.9 A Commercial 36.85 $2,010.4141 $500.00 $5,000.00 $S,OOO.flO $••..12,510.00 Final Plat Approved 7/27 City Council 8 9 Country Hills:Dennis Dwyer S/W corner 71&126 138 sfd,34 duplex units 65.6 $27,687.52 Ph2$500.00 $28,187.52 51%built out 9 10 Cour4ryside Center:Tri-Land Properties Countryside commercial re-development $15,000.00 Tif Study deposit pd June 2003 $15,000.00 10 11 Dhuse Prop.:Wiseman Hughes South:Windett Ridge II 141 sfd $500.00 $15,000.00 $15,500.00 Concept Plan Phase 11 12 Evergreen Farm:Tangiewood0ev.(Theis) StE,NIB corners Fox&Pavilion 106 sfd 49 $500,00 $500.00 Concept Plan Phase,9/8 Plan Commission 12 13 Fifth Third Bank-Tucker 34&Marketplace Rte 34&Marketplace $0.00 Development Agreement stage 13 14 Foxfield's 2nd Add.:Barry Niles Teri Ln.Gut de Sac R-2 Zoned 3.44 $0.00 14 I 15 Fox Highlands:Frontier Land Grp. S of 71,E of 47 33 sfd, 84 town.,6 duplexes 34.71 $3,950.00 $40,025.02 $500.00 $11,050.00 $5,000.00 $60,525.02 90% built out 15 16 Fox Hill:Dresden S of 34,E of Eldernain 228 sfd,144 town.,32 duplexes , 287 *billed hourly'` U4,U6$500 Ea $1,000.00 Re-design Concept Review,Final Plat 16 17 Fox Hill:DCI,Unit 7 " " $1,130.00 'billed hourly' $1,000.00 $5,000.00 $5,000.00 $12,130.00 Prelim,Final Plat;9-7-04 COW 17 18 Fox Hill:Primus,Unit 5Ij "billed hourly: $500.00 , $2,390.00 $2,890.00 , 86%built out 18 ' 19 Fox Mill Landing:JCPC Corp. Hydraulic&Mill 20 residential units $1,074.25 $1,000.00 $1686.64 Inspection Fee paid 11/25/02 $3,760.89 19 I 20 Fox River Bluffs:Inland NIB corner Fox&Ilighpoint COUNTY-141 sfd 302.6 $250.00 ' $250.00 Concept,1,5 mi review approved;Annex&Rezone 20 21 Go-Tane Service Station E of 47,S of 34 commercial development 2.14 $500.00 $2,500.00 _ $3,000.00 Annexation,Rezoning Approved 21 22 Grande PI Ga eR M Noff d Reserve= of34,S Kennedy. 7324 s d 394 dup.,;632 i:h. 300 a '!127,3 ': 19 973.00 2 0 d flue, 0 $20,000.00Water r 24. k TrafficBKFD Pd P! Approved;U9 nI PI 11-1 P1 Pts. $ $ 5 k clap. $30,OOO,fl $35k WaYe p l$ 6 St./$258k Plats 01-8 ,F at 0.04 an comm 22 23 Grande Reserve,Line 2 $19.2k Fiscal Impact/$100k H2O Tank/$456,900 Capital Fees $705,673.00 $507,738.11 BRR deposit;U9 Fnl Plat 10/13 Plan Comm 23 24 Greenbriar Ron Wehrli Develop. 'W of Rte 47,N of G'Briar Rd' 166<std,34 duplex units 166 Ph 4$471.36 $500'.00 Ph 4$336.68 . $1,308.04 r 89%built out 24 25 Heartland Circle S of Heartland Sub 250 sfd 129.6 $1,780.00 $92,345.77 $500 Res/Comm $8,200.00 $5,000.00 $1100 Soil Pmt,Deposit;$270 Traffic Study $109,195.77 Final Plat Apprroved;4%built out 25 HeartlandCenter Farmstead&rRt 34 corrlmercial development $305.00 $'1,781.07 $1,122.32 $2500 Bldg:2' $2,500,00' $8,208.38 26 Special Use Permit Approved 7/27 City Council 26 27 Heartland Subdivision S of 34.E of McHugh 186 sfd 133.6 $1,250.00 $34k U1;$23k U2,3 Ph1.2,3$500ea $4590 Unit1 $64,340.00 85%built out 27 28 Hopkin's-Corner(Morrissey) td/w.comer 47&Greenbr Rd 87 townhomes 37.4 I, $1,570.00 $2,000.00 $5,000.00 $8,570.00 28 29 Inland Office Building:Inland 34&Marketplace $500.00 $400.00 $900.001 29 30 Kylyn's Crossing(Cannonball Hill) E of 47,S-of C'BaIl Trail $860.00 $500.00 $1,360,00 30 31 Kylyn's Crossing West (CanEst)AMG S/W corner Faxon,W.C'Ball Trl 111 sfd 56.6 $15,253.45 $500.00 $5,000.00 $20.753.45 92%built out 31 32 Kylyn's Ridge:AMG Homes W of Kytyn's Cr.West 134 sfd ' 69.83 ` $1,963.13 $26,731.97 U1'$500 ea U1,U2 $19,094 Unit 1 $5,000.00 , $8834 Flood Study Fees Pd/$42;735 U1 Vd/S Recapture 32 33 Kylyn's Ridge,Line 2 $20,568.49 $14,389.40 $62,627.25 Unit 2 W/S Recapture $203,144.24 39% Built Out 33 Longford - 34 Lakes:Montalbano w o1 Landmark,Sof McHugh 1 13.6 $10,897.4278% :34 mHuy 1 bkigsl fit t.h. . $500.00 $2,432.50 $5,000.00 ' $9300 iDev.Fee Paid:fit Units x$150 each $28,129:92 built out 35 Menards:Menard,Inc. E of 47,N of Countryside commercial development $151,912.60 waived $5,000.00 _ $156,912.60 Complete 35 36 Northgate:Inland 86 acres NJE corner 47&Galena 58 sfd, 114 t_h. 86 $1,560.00 $4,450.00 $5,000.00 - $11,010.00 _ 36 37 Prairie Gardens:Windham Homes W of 47.E of G'Briar Sub. 56 sfd, 6 Commercial 24.2 $1,633.80 $23,618.08 $500.00 $2,919.00 $5,000.00 $33,670.88 75% built out 37 38 Prairie.Meadows,Menard Inc.' E of 47,S of C'side Pkwy 17.4 sfd,:268 rrrfd 142.2 $3,772,00 $20,000.00 ' $5,000.00 ' $28,772.00 Final Plat:6-9 Plan'Commission 38 39 Raintree Village:Wyndham Drpt Creek,Conco S/W&S.E of Country Hills 404 sfd,238 duplexes 320 $2,000.00 $79,191.36 $500 ea U1-3 $11,050.00 $5,000.00 $24k water system/$96k Hyd.Interceptor Fnl Plats U1-3 approved 39 40 Raintree Village Line 2' Clubhouse: $3568.91 Due $500 U4,5,6 $1571.71 Due,(Clubhouse) $100 Soil,Sed Pint,51k sols,Sed.Deposit Units 1.2,3 ea 4%built out 40 41 Raintree Village,Line 3 $2,651,016.77:front-funded fees,see Admin.Acct $2,873,558.13 Fnl Plat U4,5, 6-9-8-04 Plan Commission 41 42 Reserve at Fox River Apes:PRS Constr. N of MktPtac/McHugh Inter. 132-apts 9.5 , $21,615.99 $15,119.75 $5k Sanitary Flow Meters Deposit '$41,735.74 Under Construction 42 43 River's Edge:S&K Development N of Fox,N&S of R.R. 166 sfd 96.9 $2,364.00 $73,031.14 Ph.2$500.00 $4,731.91 $5,000.00 $85,627.05 58% built out 43 44 Rob Roy Falls:Sexton Developm' N otFox Hill,E of EHamain 120 sfd,174 condo's,2041.h. . 270.6 . $500.00 $500.00 Concept Plan;4-14-04 Plan Commission 44 45 Saravanos Properties,LLC Route 71 &47 A-1 to B-3 2 $250.00 $2,500.00 $2,750.00 Annexation&Zoning;9-8-04 Plan Commission 45 46 Silver Fox:Midwest Devel. S.side Fox Rd,E of Pavillion 187 ski 102.7 $500.00 _ $500.00 Concept plan 46 47 Sunflower Estates Unit 1:Inland NM'corner 47&71 117 sfd total 65.19 $10,758.25 $35,826.21:Ph. 1,2 W/S Recapture $46,584.46 Project totals 54% built out 47 48 Sunflower Estates Unit 2:Inland 117 sfd total $18,841.58 $500.00 $19,341.58 48 49 Sunflower Estates Unit 3:Inland " 117 sfd total $9,903.43 $500.00 $2,664.50 River Xing:$10237.50;W/S Reca:$17839.22 $41,144.65 " _ 49 50 Swanson Ln.Estates:Gordon,'Marcia Bonnier Ln,west to creek 6. d 13.4 Annexation,Zoning,PUD;9-28-04 City Council 50 51 Tanglewood Trails,Tanglewood Dev.Corp E side Highpt.Rd,S of Legion 67 $250.00 $250.00 Annex Agmt Approved 6/8;Concept Plan Stage 51 52'Theid Pulte - et Property:: Homes.:. r�ss of Keened �of 34 321 sfd,263 t.h. 286 4 060,00 500.00 19 500.00 $5,000.00` 29 060:00 Annex,Zoning,Prelim Plan;10-13-04 Plan Commission 52 53 Town Crossing:Rehannah Ent. SM corner 34&C'Ball Trl $1,491.43 $1,200.00 $2,500.00 County Reca:$2173.55;Can.Trl Reca:$2619.41 i $9,984.39 53 Jennifer Woodrick September 2, 2004 PROJECT FINANCIAL TRACKING WORKSHEET PROJECT&DEVELOPER LOCATION PROJECT SIZE ACRES FILE FEES ADMIN FEE FINAL ENG. ENG.SVCS LEGAL/PLANNER MISCELLANEOUS FEES TOTAL RCVD COMMENTS/STATUS PLAT REVIEW FEE DEPOSIT SVC DEPOSIT TO DATE 54 Travel Svc of Yorkville:Cara Behrens 801 N.Bridge Street R-2 to B-2 $200.00 — $1,000.00 $1,200.00 Rezoning Approved 8-24-04 City Council 54 l' Plan:9-7-04O 55 ,., ;: .., � Annex, on PUD,Prelim.P n._ � W 55 Vrltas�a the Presersre.Burnside S.of Rte71�Walsh#.k. ,.$4 duplex units 23.95 ; .. . ! � ' ,. ,.. . e, , 56 Westbury Village:Ocean Atlantic S/W corner 47&Galena 293 sfd,605 mfd;22.7A Comm. 300.66 $5,430.00 $10,000.00 $5,000.00 $25,000 Flood Study Fees Paid Annex,PUD,Prelim.Plan:6-8 City Council 56 57 Westbury Village tine • - $45,430.00 5 58 Whispering Meadows,Fisher Property J/W corner Faxon&C'Bali S of R COUNTY-450 sfd 297.63 $5,450.00 $500.00 J $20,000.00 $15,000.00 5K flow meter,$1100 Soil Sed.Fees $10.5k Flood Study $52,050.00 Final Plat Units 1,2 Appr'd;Annex Agmt Appr'd 58 0 59 9 White[3aks.Crestview Builders N of Fa E of River's Edge94 sfd '143.77 Ph4$7413.49 : $7;;413.49 99%built Out a � 60 Wildwood:Fox Valley Farms Partn. N of 71,E of 47 271 sfd, 160 mfd 187.77 $0.00 PH 1,2 98%built out;balance tbd 60 61.Windett Ridge-Wiseman Hughes 47 B L�{an 277sfd 163, $1,fl0$1,000A.10 $123307;55 '. $540.00 $20,000.{#0 . $$,000.00: $421cHyd Ave.Interceptor,School&San.Pmt fees FinalPlatU1 Approved 51 62 Windett Ridge-Line 2 $41,550 Mun.bldg fee,$33,932.50 River Crossing $1,023,680.50 Weather Siren:$12,264.15 Paid 62 63 '(BC Unit 1:inland W of 47,N of R.R. $2,385.00 - $500.00 $2,109.00 $2,500.00: 1 $7,494.00 Complete 63 64 YBC Unit 2:Inland $2,806.50 $500.00 $2,040.50 _ $5,347.00 10%built out 64 65 YBC tlntt 3;Inland $500.00 $3,04250 } $3,542.50 10%built out 65 66 YMP/Jewel:Tucker Development S of 34,W of Marketplace commercial development $500.00 $34,836.26 $800.00 $5,000.00 $41,136.26 Phase I Complete 66 67 York.Hit Landscaping:Ortega,Ba a es 8591 Route 126 5.07 acres Annex.Fee waived. : $0.00 Annexation,Zoning:6-22.City Council 67 68 Yorkville Snr.Apts,New Directions S/W corner 47,Greenbriar 50 apts 3.48 $250.00 $2,500.00 $2,500.00 $5,250.00 PUD Agreement Approved 68 Reserve at the Fox River Apts will not be charged a final plat fee,as this is not a subdivision.There are plat of easements only for this development TOTAL **In lieu of an upfront Administration Fee,Fox Hill opted to pay hourly for Engineering Services. $4,784,796.72 Page One $1,192,543.75 Page Two $5,977,340.47 Combined Total Jennifer Woodrick September 2, 2004 08/18/2004 14 :22 FAX 630 553 5764 DANIEL J. KRAMER 002/002 J2 �D ,a 0 United City of Yorkville County Seat of Kendall County esr. 1e38 • 800 Game Farm Road %.a = f`f Yorkville,Illinois 60560 O a,.) t i O Phone:630-553-4350 Fa 2 Fax;630-553-7575 August 18,2004 Traci Pleckham United City of Yorkville • • . 800 Game Farm Road RE: Old Second National Bank—Yorkville—ACH Agreement Dear Traci: Please be advised that I have reviewed the above referenced agreement and find it in an acceptable form. If you have any questions please feel free to contact me. • Veryy yo s, • DanJ. er Attorney at Law • DJK/pdc • Encl. AUG. 3.2004 10:32AM OLD SECOND NO.004 P.2 -- AUTOMATED CLEARING HOUSE AGREEMENT This Agreement is made on July 29 ,2004 ,by and between The United City of Ynrkvllle (the"Company")and Old Second Bank Yorkville,of Yorkville, Illinois(the"Bank"). RECITALS A. The Company desires to initiate Entries through the Bank for(i)deposit of funds to accounts of other parties maintained at the Bank and/or at other Participating Depository Financial Institutions, and/or (ii) the payment of funds from third parties'accounts at Participating Depository Financial Institutions to the Company's account(s)at the Bank, B. The Bank is a Participating Depository Financial Institution, and is willing to act as an Originating Depository Financial Institution with respect to Entries by the company,but only on the terms and conditions stated below. AGREEMENTS 1. Comnlia>!ce with Rules end Laws;Limitation on ACH Files, 1.1 The Company shall at all times comply with the Operating Rules (the "Rules") of the National Automated Clearing House Association ("DACHA"), both as they now exist and as they may be amended, modified or supplemented from time to time, The Company acknowledges receipt of a copy of the Rules. The Bank will inform the Company of revisions to the Rules of which the Bank has knowledge. 1.2 The terms of this Agreement shall in no way limit the Company's obligation to comply with the Rules. In some places,this Agreement refers to or summarizes certain Rules;however, those references to specific Rules do not mean or imply that the Company is excused from complying with any of the other Rules that are not specifically mentioned herein. 1.3 The Company specifically acknowledges that it may not originate any Entry that does not comply with the laws of the United States. This prohibition includes, but is not limited to, laws and regulations of the U.S. Treasury Department's Office of Foreign Asset Control ("OFAC") relating to transactions and/or Receivers (as defined below)that are the subject of economic sanctions or embargo programs or other similar restrictions. 1.4 The Company further specifically acknowledges that only the ACH files of the type identified on Schedule A will be accepted by the Bank for processing, subject to such modifications as may be agreed upon between the Company and the Bank pursuant to Section 25.3. 2. Definitions;Ceastruction. 2.1 General Definitions. When they are used in this Agreement,the following terms have the meanings indicated: (a) ACH means Automated Clearing House,and includes any Automated Clearing Douse Operator. (b) Authorized ACH Representative means the employees or agents of the Company who are authorized to add, amend, and delete Entries and/or files on behalf of the Company and to provide instructions, requests and other communications to the Bank that are binding on the Company, as identified on Schedule B. (c) Business Day means a day on which the Bank is open to the public for carrying on substantially all of its business, other than a Saturday, Sunday or Federal Reserve Holiday. (d) Entry and Entries have the meaning provided in the Rules, and also mean the data received from the Company under this Agreement,from which the Bank prepares Entries. (e) Debit Entry means an Entry for the payment of funds from the account of a Receiver, I AUG. 3.2004 10:32AM OLD SECOND NO.004 P.3 (f) Credit Entry means an Entry for the deposit of funds to the account of a Receiver, (g) On-Us Entry means an Entry to or from a Receiver's account maintained at the Bank. (h) Effective Entry Date means the settlement date with respect to a particular Entry. (i) ODFI means Originating Depository Financial Institution. (j) RDFI means Receiving Depository Financial Institution. (k) Receiver means a party whose account(s)at the Bank or an l&DFI is/are credited or debited by means of Entries submitted by the Company. (1) Company Account means a depository account maintained by the Company at the Bank for the purpose,among others,of funding and receiving Entries. (m) ACH Processing Limits means the maximum amount of credit that the Bank will provide to the Company for settlement of Entries on any one day,as set forth in Schedule A and adjusted from time to time. (a) Schedule refers to the schedules attached hereto which are made a part of this Agreement. 2.2 Definitions from the Rules. Any terms that are not specifically defined in this Agreement shall have the meanings provided in the Rules. 2.3 Time, In this Agreement,all references to time are Central Time. 3, Processing, Transmittal and Settlement of Entries by the Bank. Subject to the provisions of Sections 4, 5 and 7, the Bank shall(a)process Entries received from the Company in accordance with the procedures and requirements set forth in this Agreement and the Rules; (b)as an ODFI,transmit such Entries to an ACH processor selected by the Bank in its sole discretion;and(c)settle such Entries as provided in the Rules. 4. Prerequisites to the Bank's Duty. 4.1 Prerequisites Identified. The Bank shall not be obligated to process, transmit or settle Entries unless all the following requirements and conditions have first been satisfied or are waived by the Bank,in its sole discretion: (a) Delivery Reanirements. The Company or its data processor has delivered the Entries to the Bank in compliance with the formatting and other requirements set forth in Schedule A. (b) ACH Processing Limit. The total dollar amount of the Entries delivered by the Company to the Bank for settlement on any one day do not exceed the pre-approved ACH Processing Limits. (c) Receiver Authorization. The Company has obtained from each Receiver an authorization to initiate one or more Entries to the Receiver's account. Such authorization must(a) have been obtained before the Company initiated the first Entry to that Receiver's account; (b) remain valid and not revoked at the time of each subsequent Entry; (c) relate to a Receiver whose arrangement with the Company has not been terminated; (d) be immediately available for inspection by the Bank upon its request; and (e) otherwise comply with the Rules. (d) Deadlines. The Entries must have been received by the Bank before the cut-off time on the applicable deadline, For Consumer Debit and Credit Entries,the deadline is at least two(2)Business Days prior to the Effective Entry Date of such Entries. For Corporate Debit and Credit Entries,the deadline is at least one (1) Business Day prior to the Effective Entry Date of such Entries, The cut-off time for Entries processed by magnetic tape is 2:00 p,m. Central Time. For Entries processed by electronic transmission,the cut-off time is 2:00 p.m.Central Time. In addition,the Effective Entry Date for each Entry must be not more than 10 Calendar Days after receipt of the Entry by the Bank. 2 AUG. 3.2004 10:33AM OLD SECOND NO.004 P.4 (e) Sufficient Funds. At the time of receipt from the Company of Credit Entries,the Company must have sufficient collected funds available in the Company Account to pay all Credit Entries that will be settled on any particular Effective Entry Date, together with all Adjustment Entries, fees and other amounts that the Company is obligated to pay the Bank under this Agreement. (f) Adherenen to Processing Calendars. Entries must be received by the Bank on the dates indicated on the current ACH Processing Calendar on file with the Bank for the specific type of Entries being processed. The Company must submit ACH Processing Calendars to the Bank for a 12-month period upon the inception of this Agreement,and at least annually thereafter. (g) ACH Open. The ACH must be open for business on the Business Day that Entries are delivered to the Bank. 4.2 No Implied or Mandatory Waivers, Waiver of any of the prerequisites identified above shall always remain completely discretionary with the Bank. Waiver by the Bank of a prerequisite with respect to one or more Entries on one or more occasions shall not create a requirement or give rise to a presumption of future waivers with respect to other Entries. The Bank shall never be obligated to waive any of the prerequisites based on a pattern or practice of waivers, or based on any verbal agreements, understandings or representations that such waivers would be made. 5. On-Us Entries. Except as provided in Section 7,the Bank will credit or debit the Receiver's account for the amount of an On-Us Entry on the Effective Entry Date,if all requirements of Sections 4.1,n.through 4.1.e.are satisfied. 6. Processing of Late Entries. If the Company delivers Entries to the Bank that fail to meet one or more of the deadlines in Section 4,14., the Bank will use reasonable efforts to transmit such Entries to the ACH by its next available deposit deadline. In the case of On-Us Entries received after the applicable deadline,the Bank will use reasonable efforts to debit or credit the Receiver's account in the amount of such Entry on the next Business Day following the Effective Entry Date. 7. Reiectlon of Entries 7.1 Authority to Reject; Notification. The Bank may reject any Entry for any reason. The Bank shall notify the Company of such rejection by no later than the Business Day after the Effective Entry Date for a rejected Entry. 7.2 No Liability for Rejection. The Bank shall not be liable to the Company for(a)the rejection of en Entry,(b)the Company's failure to receive or delay in receiving notice given by the Bank, (c)the Banks choice of one means of notification rather than another, or(d) the failure to give notice of the rejection to the Company at an earlier time than provided herein, The Bank shall not be required to pay the Company interest or any other losses relating to a rejected Entry. 8. Cancellation or Amendment of Entric. The Company shall have no right to cancel or amend an Entry after it has been delivered to the Bank. Any request for cancellation or amendment of an Entry must be accompanied by a Reversal/Cancellation Request form and signed by an Authorized ACH Representative. If such a request is received by the Bank before the affected Entry has been transmitted to the ACH (or, in the case of an On-Us Entry, before the Receiver's account has been credited or debited), the Bank will use reasonable efforts to cancel or amend the Entry as requested,but the Bank shall have no liability if the cancellation or amendment is not affected. 9. Reversals of Entries. 9.1 General Procedure. Upon proper and timely request by the Company, the Bank will use reasonable efforts to effect a reversal of an Entry or File. To be "proper and timely," the request must (a)be made within five (5) Business Days of the Effective Entry Date for the Entry or File to be reversed; (b) be accompanied by a Reversal/Cancellation Request form, signed by an Authorized ACH Representative; and (c) comply with all of the Rules. In addition, if the Company requests reversal of a Debit Entry or Debit File, it shall concurrently deposit into the Company Account an amount equal to that Entry or File. 9.2 No Liability; Reimbursement to the Bank. Under no circumstances shall the Bank be liable for interest or related losses if the requested reversal of an Entry is not effected. The Company shall reimburse the Bank for any 3 AUG. 3.2004 10:33AM OLD SECOND NO.004 P.5 expenses,losses or damages it incurs in effecting or attempting to effect the Company's request for reversal of an Entry. 10. Notice of Returned Entries. The Bank shall notify the Company of the receipt of an Entry returned by the ACH no later than one(1)Business Day after the Bank's receipt of the returned Entry. Unless otherwise agreed to in writing,the Bank shall have no obligation to re-execute or retransmit a returned Entry. 11, Provisional Credit. For any Debit Entry originated on behalf of the Company,the Bank shall have the right to defer any corresponding credit to the Company Account until the Bank receives final settlement for the Debit Entry. Any credit provided prior to final settlement shall be provisional only. Upon receiving notice that final settlement of a Debit Entry has not occurred, the Bank shall have the right to immediate repayment of such credit from the Company. In addition, upon receiving notice that any Debit Entry has been returned or rejected, the Bank shall have the right to immediate payment from the Company to the extent it has previously received credit for the returned or rejected Debit Entry. 12. Company's Relationship With Receivers. 12.1 Credit Entries Are Provisional. Under the Rules, a Credit Entry is a provisional payment by the RDFI to the Receiver until the RDFI receives final settlement for the Credit Entry. The Company acknowledges that it has received, reviewed and agrees to be bound by that Rule. Accordingly, if a final settlement is not received with respect to a Credit Entry initiated by the Company, the RDFI will be entitled to a refund of the amount it has credited to the Receiver's account,with the result that the Company will not be deemed to have paid the Receiver for the amount of the Credit Entry. 12.2 Receiver's Richt to Refund of Debit Entry. Under the Rules, a Receiver has the right under certain circumstances to obtain a refund of funds debited from the Receiver's account pursuant to a Debit Entry, The RDFI, in turn, has the right to obtain payment of the amount of that Debit Entry from the Bank, as ODFI, by transmitting an adjustment Entry in the amount of such refund (an "Adjustment Entry"). The Company acknowledges that it has received, reviewed and agrees to be bound by the Rules governing refunds of Debit Entries and application of Adjustment Entries. The Company further agrees to pay the Bank the amount of any Adjustment Entry upon its receipt by the Bank. With respect to a refunded On-Us Debit Entry, the Company will immediately pay the Bank the amount of such refund, 12.3 Prenotification. The Company may deliver to the Bank a prenotification in a format and in the medium set forth in Schedule A and/or prescribed by the Rules, to be transmitted to the RDFI at which a Receiver's account is held,within the time limits set forth in the Rules. If the Company receives notice that such prenotification has been rejected by the RDFI within the prescribed period,the Company shall not initiate any corresponding Entry until the cause for rejection has been corrected and another prenotification has been submitted to and accepted by the RDFI. 12.4 Company's Notice of Chanes to Consumer Receivers. (a) If the amount of a Debit Entry to a Receiver's account varies in amount from the previous Debit Entry relating to the same authorization or pre-authorized amount, the Company shall send the Receiver written notice of the amount of such Debit Entry and its Effective Entry Date. The notice must be sent at least ten (10) Calendar Days before the Effective Entry Date of the Debit Entry. However, such notice is not required if the Receiver has previously been notified of its right to receive such notice and has elected to receive such notice only when the Debit Entry does not fall within a specified range of amounts or varies from the most recent Debit Entry by more than an agreed amount. (b) If the Company makes any change in the scheduled Effective Entry Date of one or more Debit Entries, the Company shall send the Receiver a written notice of the new Effective Date, Such notice must be sent at least seven (7) Calendar Days before the Effective Entry Date of the first Debit Entry to be effected by the change. (c) The notice requirements in this Section 12.4 apply only to the extent mandated by the Rules, and only to Receivers who are entitled to such notices under the Rules. In the event of any inconsistency between this Section 12.4 and the Rules,the provisions of the Rules shall govern. 4 RUG. 3.2004 10 33A OLD SECOND NO.DD4 P.6 13. Inconsistent Entries. 13.1 InyonsistencvBetween Name and Account Number. If an Entry transmitted by the Bank to an RDFI describes the Receiver inconsistently by name and account number,the RDF!might make payment solely on the basis of the account number,even if it identifies a party different from the named Receiver. The Company understands and acknowledges that its obligations to pay the amount of the Entry are not excused by such circumstances, 13,2 ipnsistencsv Between RDFI Name and Transit/Routing Number. If an Entry describes the RDFI inconsistently by name and transit/routing number,the Entry might be received by an RDFI on the basis of the transit/routing number even if it identifies an RDFI different from the named RDFI. Such RDFI might process the Entry on the basis of the account number contained therein, The Company understands and acknowledges that its obligations to pay the amount of the Entry are not excused by such circumstances. 14. Security Procedures. 14.1 Purpose of Security Procedures. The Company agrees that the purpose of Schedule B is to verify the authenticity of the Entries submitted to the Bank in the name of the Company and not to detect an error in the content of any Entry, No security procedure for the detection of such errors has been agreed upon by the Company and the Bank. 14.2 Protection of Security Procedures. (a) The Company has the sole responsibility to establish and maintain procedures to adequately safeguard against unauthorized Entries; provided, however, that the Company shall, at a minimum, comply with the security procedures set forth in Schedule C. (b) The Company warrants that no individual will be allowed to initiate Entries in the absence of proper supervision and safeguards,and the Company will take responsible steps to maintain the confidentiality of any passwords, codes, security devices and related instructions provided by the Bank in connection with the services agreed to hereunder. If the Company believes or suspects that any security information or instructions are known or have been accessed by unauthorized persons, the Company shall notify the Bank immediately. (c) The Company may add or delete any Authorized ACH Representatives) at any time by a properly executed amendment to Schedule B,which shall be effective on the second Business Day following the Bank's receipt of it, The Company must immediately provide a revised Schedule B to the Bank as changes occur which require that Authorized ACH Representatives be added or deleted in order to ensure continued security. 14.3 Marmetic Tapes. All magnetic tapes must be accompanied by a properly executed ACH Transmittal Register, The ACH Transmittal Register must be signed by an Authorized ACH Representative, 14.4 Unauthorized Entries. An Entry (including a request for cancellation or amendment of any Entry) or other communication delivered to the Bank that purports to have been submitted or authorized by the Company in accordance with the Rules shall be effective and binding upon the Company even if the Entry was not in fact authorized by the Company, provided the Bank has accepted the Entry in compliance with Schedule B and has acted in good faith. 14.5 Authorized Entries. If an Entry received by the Bank was submitted or authorized by the Company, it shall be effective as the Company's Entry, whether or not (a)the Bank complied with Schedule B with respect to that Entry,(b)that Entry was erroneous in any respect,(c)the error,if any,could have been detected by the Bank,or (d)the Bank processed,transmitted or settled the Entry even though one or more of the prerequisites of Section 4 were not satisfied. 14.6 Notice to the Bank and Receivers. If the Company discovers an erroneous or unauthorized Entry,the Company will immediately notify the Bank and the affected Receiver(s). Upon receiving such notice, the Bank will use reasonable efforts on behalf of the Company to correct the Entry in a manner consistent with the Rules. If the 5 AUG. 3.2004 10:33AM OLD SECOND NO.004 P.7 Company fails to notify the Bank or the affected Receiver of an erroneous Entry,the Company will be liable for any losses the Bank may incur. 15. The Company's Account at the Bank. 15.1 Credit Entries. On any particular day, the Company shall have sufficient collected funds available in the Company Account to pay the amount of all Credit Entries originated by the Company for which that day is the Effective Entry Date,together with all Adjustment Entries,fees and other amounts that the Company is obligated to pay the Bank under this Agreement. 15.2 Debit Entries. The Company shall at times have sufficient collected funds in the Company Account to pay the amount of all returned or reversed Debit Entries,in addition to the amounts stated in Section 15.1. 15.3 Right of Setoff: Other Remedies. The Bank may, without prior notice, obtain payment of any amount due and payable to it under this Agreement by debiting the Company Account or any other account maintained by the Company with the Bank or any of its affiliates, and may also credit the Company Account for any amount to which the Company is entitled under this Agreement, If there are insufficient funds available in the Company Account or any such other accounts to pay any amount that the Company owes to the Bank under this Agreement, the Company shall pay any amounts due immediately upon demand, If the Company fails to pay when demanded, the Bank may exercise any remedies or rights it has under this Agreement and/or applicable law. 15.4 Account Statements; Notices of Entries. In accordance with the Rules,the Bank is not required to and will not provide the Company or Receiver(s) with notice of the receipt or execution of individual Entries. Entries and other debits and credits to the Company Account will only be reflected on the periodic statement for the Company Account. The Company must notify the Bank within a reasonable time (not more than 15 days after the Bank mailed or otherwise made the periodic statement available)of any unauthorized or erroneous Entries or any other discrepancy or error on the periodic statement. After this time the statement will be conclusively presumed to be correct, The Bank shall not be liable for any interest or related issues resulting from the Company's failure to give such notice. 16, Company's Representation and Warranties. For each Entry that the Company delivers to the Bank, the Company represents and warrants that; (a) the Entry complies with the terms of this Agreement and the Rules; (b) there has not been and shall not later be any breach of any warranty by the Company as an Originator; (c) the Company has not breached any warranty contained in this Agreement or the Rules; and (d) the Entry complies With all local, state and federal regulations, including but not limited to Regulation E - The Electronic Fund Transfer Act, the Uniform Commercial Code,and all OFAC regulations and policies. 17. Payment for Bank Services. The Company shall pay fees to the Bank for the services provided by the Bank under this Agreement in accordance with rate schedules, which may change from time to time. Such charges do not include payment of any sales, use, excise, value added, utility, or other similar taxes relating to the services provided for under this Agreement, all of which shall be the sole responsibility of the Company. Fee schedules may be changed by the Bank upon thirty(30)Calendar Days'prior notice to the Company. 18. Liability of The Bank; Limitations of Liability. 18.1 Performance of the Bank. The Bank shall be responsible only for performing the services it expressly agrees to perform in this Agreement,subject to all of the limitations provided herein, 18.2 No Liability for Acts/Omissions of Others. The Bank shall not be responsible or liable for (a) any acts or omissions of the Company, including without limitation, the amount, accuracy, timeliness of delivery or Receiver authorization of any Entry delivered by the Company, or(b)any acts or omissions of any other person, including without limitation, NACHA, any Federal Reserve Financial Institution, any ACii or transmission or communications facility,any data processor company,any Receiver or any RDFI. No such person or entity shall be deemed the Bank's agent. 18.3 No Liability Regarding Unsecured E-Mail Transmis)ions, While Old Second National Bank will use commercially reasonable efforts to direct emails to the addressee, the Company hereby acknowledges that there 6 AUG. 3.2004 10:34AM OLD SECOND NO.004 P.8 are risks inherent in the transmission of information,including without limitation financial information,to and/or from Old Second National Bank via unsecured e-mail. Said risks include without limitation the risk that third parties may intercept and view this information. The Company hereby accepts any and all risks resulting from, associated with, and/or arising out of the transmission of information via unsecured email and hereby releases Old Second National Bank from any liability resulting therefrom, This release shall be continuing and shall cover any and all emails sent and/or received. 18,4 Limit on Damages. The Bank shall be liable only for direct damages caused by its gross negligence in performing agreed-upon services. In no event shall the Bank be liable for any consequential,special,punitive,or indirect loss or damage, which the Company may incur or suffer in connection with this Agreement, including without limitation, any loss or damage from subsequent wrongful dishonor resulting from the Bank's acts or omission in performing its services under this Agreement. 18.5 Uncontrollable Events; Contrary Laws. The Bank shall not be responsible for any failure to act or delay in acting if such failure is caused by legal constraint, the interruption of transmission or communications facilities, computer malfunction or equipment failure, war, emergency conditions, or other circumstances beyond the Bank's reasonable control. In addition,the Bank shall be excused from any failure to transmit or any delay in transmitting an Entry if such transmittal would, in the Bank's reasonable estimation, result in the Bank having violated any policy or provision of any present or future risk control program of the Federal Reserve,or any Rule or regulation of any other governmental or regulatory authority. 18.5 interest. Subject to the foregoing provisions of this Section,in the event the Bank is found to be liable for any direct damages caused by gross negligence, any liability which the Bank may have for loss of interest for an error or delay in performing its services hereunder shall be calculated by using a rate equal to the Average Federal Ftmds Rate of the Federal Reserve Bank of New York for the period involved. 19. Indempifcation. The Company shall defend, indemnify,and hold harmless the Bank,and its officers, directors,agents, and employees,from and against any and all actions,costs,claims,losses,damages,or expenses,including attorney's fees and expenses,resulting from or arising out of(a)any breach of any of the agreements,representations or warranties of the Company contained in this Agreement or (b) any act or omission of the Company or any other person acting on the Company's behalf;including but not limited to the parties described in Section 18,2, 20. Termination. 20.1 BY the Bank. The Bank may terminate this Agreement at any time without reason by notifying the Company. ° The Bank may terminate this Agreement without notification if the Company breaches any of its obligations under this Agreement or the Rules. 20,2 By the Company. The Company may terminate this Agreement at any time upon ten(10)Business Days'prior written notice to the Bank. 20.3 Affect of Termination, Termination of this Agreement shall not affect any of the Bank's rights or the Company's obligations hereunder with respect to any Entries initiated by the Company prior to such termination. Termination of this Agreement does not relieve the Company of its obligations under Sections 17, 19, 21 or 22 of this Agreement,which shall remain enforceable by the Bank. 21. Confidentiality. The Company acknowledges that it will have access to certain confidential information regarding the Bank's execution of Entries,related security procedures,and the services contemplated by this Agreement. The Company shall not disclose any confidential information of the Bank and shall use such confidential information only in connection with the transactions contemplated by this Agreement. 22. Treatment pr Taes and Records. 22.1 Retention by the Company. The Company shall retain every Receiver authorization, and all other documents relating to any Entries submitted or made pursuant to such authorization, for a period of two(2)years after the authorization is terminated. 7 AUG. 3.2004 1034R OLD SECOND NO.004 P.9 22,2Bank Access to Documents and Records, On request by the Bank for any reason, the Company shall make available any Receiver authorizations or other documents in its possession relating to Entries originated by the Company and processed by the Bank. 22.3 Other Records Use by the Bank. All magnetic tapes,Entries, security procedures and records used by the Bank for transactions contemplated by this Agreement shall be and remain the property of the Bank. The Bank may, in its sole discretion,make such information available upon the Company's request. The Company shall pay the Bank for any expenses it incurs in making such information available to the Company, or to a third party at the Company's request. 23. Instructions agd Notices. 23.1 Bank Entitled to Rely. The Bank shall be entitled to rely and act upon any verbal or written notice, response, request or other communication believed by the Bank to be genuine and provided by an Authorized ACH Representative whose name is set forth in Schedule B. Any such communication shall be deemed to be genuine and to be provided by such person on the Company's behalf. 23.2 No General Duty, Except as otherwise expressly provided in this Agreement,the Bank shall not be required (a) to act upon any notice or instruction received from the Company or any other person, or(b)to provide notice or advice to the Company or any other person with respect to any matter. 23.3 Data Processor as Company's Agent. Each data processor identified on Schedule A shall be deemed to be the agent of the Company. Any Entry or other information or communication that the Bank receives from or transmits to such data processor shall be deemed to have been received from or transmitted to the Company, 23.4 Means pf otice to the Bank. Except as otherwise provided herein,any notice to the Bank under this Agreement must be in writing and either faxed,delivered by messenger or express carrier,or sent by U.S.mail,to the Bank at 37 S. River Street,Aurora,IL 60506, Attn: Transaction Processing Department,unless the Bank provides the Company with a substitute address in writing. Any notice shall be deemed given to the Bank when it is actually received by the Bank. 23.5 Means and Meaning of Notification by the Bank, Whenever this Agreement provides for the Bank to "notify" the Company or give "notification" or "notice" to the Company,that requirement may be satisfied by telephone, facsimile, electronic transmission(including "e-mail"), messenger or express carrier delivery, or the U.S. mail. Notification shall be deemed given to the Company (a)in the case of telephone communication,upon verbally conveying the required information to an employee of the Company or by leaving a voice-mail or other recorded message;(b)in the case of facsimile or electronic transmission,upon transmission of the regpired information by the Bank;and(c)in the case of writing,upon its receipt at the Company's place of business. 24. Financial Information. The Bank may from time to time request financial information from the Company in order to evaluate a continuation of services under this Agreement and/or adjustment of the ACH Processing Limits, The Company agrees to provide the requested financial information immediately, of the type and in the form required by the Bank. If the Company refuses to provide the requested financial information, or if the Bank concludes in its sole discretion that the credit risk of the Company is unacceptable, the Bank may terminate this Agreement as provided in Section 20. 25. General Provisions, 25.1 Entire Aareemenl. This Agreement and the Schedules attached hereto constitute the entire agreement between the Bank and the Company,and supersede all prior agreements or understandings, written or verbal. In the event there is any inconsistency between this Agreement and the Bank's Terms and Conditions for Deposit Accounts or the Depository Agreement,the terms of this Agreement shall govern, 25.2 Amendment by the Bank. Except as provided in Section 17,the Bank may amend this Agreement from time to time upon written notice to the Company. In the event that performance of services under this Agreement would result in a violation of any present or future statute, regulation or governmental policy to which the Bank is subject,then this Agreement shall be amended to the extent necessary to comply with such statute,regulation or policy. Alternatively, the Bank may terminate this Agreement if it deems such action necessary or appropriate 8 AUG. 3.2004 10:34AM OLD SECOND NO.004 P.10 under the circumstances. The Bank shall have no liability to the Company as a result of any such violation, amendment or termination. 253 No Other Modifications. Except as provided in Sections 17 and 25,2, this Agreement may only be modified or amended by writing, signed by both parties. Any practices or course of dealings between the Bank and the Company, or any procedures or operational alterations used by them, shall na constitute a modification of this Agreement or the Rues,nor shall they be construed as an amendment to this Agreement or the Rules, 25.4 Assignment_Bindina on Parties and Successors, The Company may not assign its interest or rights under this Agreement without the prior written consent of the Bank, and any purported assignment in violation of this Section shall be void. This Agreement shall be binding upon and effective for the benefit of the parties hereto and their respective legal representatives, successors and permitted assigns. This Agreement is not for the benefit of any other person or entity, and no other person or entity shall have any rights against the Bank or the Company hereunder, 25.5 Fee Schedule. For the services to be provided by the Bank to the Company hereunder,the Company shall pay to the Bank, upon receipt of an invoice therefor, fees in accordance with the Fee Schedule attached hereto as Schedule D. The Bank may change its fees from time to time upon notice to the Company. 25.6 Headings. The headings used in this Agreement are for convenience only, and shall not be construed as part of the parties'agreements and understandings. 25.7 Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Illinois. For Customer: Old Second Bank-Yorkville Company: The United City of Yorkville Name: Arthur F_ Prochaska Yr. Name: Josh Arntzen Title: Mayor Title: Retail Sales Officer Signature: Signature: Date: Date: 9 AUG. 3.2004 10:34AM OLD SECOND NO.004 P.11 . SCHEDULE A ACH File Profile(s)&Prncessine Limits ACH File Profile(s) Content(Prenotes and Entries)of the media must comply with the NACHA format. *Type of File: Enter payroll,tax payments,customer debits or funds transfer *Funding Acct Number: Enter the account#from which funds are drawn for payroll or tax payment batches or ala if not applicable *Fee Acct Number: Enter The account number to which processing fees are charged, *Max File Dollar Amt: Enter the maximum dollar amount of this type of file for any one given transmission(The total dollar amount of the file). *Max Record Dollar Amt; Enter the maximum dollar amount of any one individual record entry for any one given transmission. *Company's Fed Tax ID: Enter the company's Federal Tax Identification Number for this file. * Denotes required. 8 Type of File Funding Acct Number _Fee Acct Number Max File$Amtl Max Record$Amt Comp.Tax ID# O Magnetic Tape ❑ Telephone Transmission ❑ PC Transmission ❑ Internet Upload • Type of File Funding Acct Number Fee Acct Number Max File$Amt Max Record$Amt Corn .Tax IDIi O Magnetic Tape ❑ Telephone Transmission 0 PC Transmission 0 Internet Upload Type of File Funding Acct Number Fee Acct Number Max File$Amt Max Record S Amt Comp,Tax 1D# ❑ Magnetic Tape 0 Telephone Transmission ❑ PC Transmission 0 Internet Upload DAILY_ACH PROCESSING LIMITS DESIGNATED DATA PROCESSOR The total dollar amount of Entries transmitted by Company to the Complete this section only if your company authorizes Bank that will settle on any one day shall not exceed the a third-party processor or accounting rum to process Processing Limits listed below. ACH transactions on your behalf. FED Tax ID Total Daily ACH Processing Limit Company: # $ Name: # _ $ Title: # $ Signature: Date: For Customer: Old Second Bank-Yorkville Company: The United City of Yorkville Name: Arthur F.Prochaska Yr. Name: Josh Arntzen Title: Mayor Title: Retail Sales Officer Signature: Signature: Date: Date: 10 AUG. 3.2004 10:34AM OLD SECOND NO.004 P.12 SCHEDULE B Authorized ACH Representatives Authorized ACH Representative The undersigned certifies that the individuals listed below are the Authorized ACH Representatives of this Company. These ACH Representatives are authorized to add,amend, and delete entries and/or files, The Company has the responsibility for establishing and maintaining procedures to adequately safeguard against the unauthorized initiation of Entries. Name: Telephone: Signature: (Please Print Clearly or Type) x x x Emergency Contacts Below are key contracts for the Bank to call in the event of a processing emergency. Name: Department: Daytime Telephone: Evening Telephone: (8 a.tn, to S p.m.,CT) (S p.m.to 12 midnight,CT) Company Information Company Address: 800 Game Farm Road City: Yorkville State: IL Zip:60560 Telephone#: 630.553.4350 Fax#: 630-553-7575 Modem#: (required for computer transmission) For Customer; Old Second Bank-Yorkville Company: The United City of Yorkville Name: Arthur F.Prochaslca Jr. Name: Josh Arntzen Title: Mayor Title; Retail Saes Officer Signature: Signature: Date: Date: 11 AUG. 3.2004 10:34AM OLD SECOND NO.004 P.13 SCHEDULE C Security Procedures Company shall disclose the direct telephone number of the Bank's ACH System only to employee(s) responsible for data transmission. Company shall disclose its secret access code only to the employee(s)responsible for data transmission, Company shall disclose its secret password(s)only to employee(s)responsible for data transmission. Company is responsible for maintaining(changing)its password(s)on a regular basis or in the event of employee termination. Only the following authorized Company employees)are to transmit Entries to the Bank. Only the following authorized Company employee(s)are permitted to request deletion of transmitted Entries to the Bank. Company is to notify the Bank immediately upon its knowledge of any unauthorized personnel who may have gained access to the Bank's transmission phone number,Company's access code(s)or Company's password(s). For Customer: Old Second Bank-Yorkville Company: The United City of Yorkville Name: Arthur P.Prochaska Jr. Name: Josh Arntzen Title: Mayor Title; Retail Sales Officer Signature: Signature: Date: Date: 12 AUG. 3.2004 10:34AM OLD SECOND N0.004 P.14 SCHEDULE D Fee Schedule Computer Transmission: Software Licensing/Start Up Fee $150.00 at) Additional Software Training(if needed) $ 20.00 per hour Q Touch Tone Telephone Transmission: / Start Up Fee $ 25.00 Iv / P Internet Upload: ((( Start Up Fee $ 25.00 Pv Per Transmission $ 2.00 surcharge to Per Transmission fees below Per Transmission/Pile Fees: Per Transmission or File—PPD (i.e.Payroll Direct Deposit,Customer Direct Debit) $ 5.00 Per Transmission or File—CCD (i.e.Federal Tax Payments,Cash Concentration) $ 1.00 Per Transaction Originated $ ,10 Per Prenotification Originated $ .10 Electronic Lockbox: Start Up Fee $150.00 Website Customization/Linking per quote Per Transmission Received per quote For Customer: Old Second Bank-Yorkville Company: The United City of Yorkville Name: Arthur F,Prochaska Jr. Name: Josh Arntzej Title: Mayor Title: Retail Sales Officer Signature: Signature: Date: Date: 13 AUG. 3.2004 10:35AM OLD SECOND N0.004 P.15 • OLD SECOND—BUSINESS ACH SETUP FORM Company Name: _ Address: City: State: Zip: Company Tax ID#: Primary Contact: Telephone#: Modem#: Fax#: E-mail; Company will submit info via Touch-tone phone Modem _ Internet Upload Funding Account#: Checking or Savings(Circle one) Fee Account#: _ Checking or Savings(Circle one) PLEASE ATTACH YOUR TRANSACTION SETUP FORM AND YOUR ACH PROCESSING SCHEDULE IF COM?ANY IS SUBMITTING INFORMATION VIA TOUCH-TONE TELEPHONE. * *******s*a«*s4.*******it********4.***e*svorbw*******iMoms****************+44%****M.p*********,****4,oploryiw BANK USE ONLY ********R****s*t******************************sww************* R***a**t*No********t********M************+4, COMPANY ID#: ACCESS CODE: _ IDENTIFICATION PASSWORD: POSTING PASSWORD: PER FILE LIMIT: $ PER TRANSACTION LIMIT: $ **REQUIRED*" ACCOUNT OFFICER: 14 UNITED CITY OF YORKVILLE Memo To: Administration Committee From: Tony Graff, Ci ministrat CC: Mayor Prochaska, Aldermen, & Staff Date: 9/1/04 Re: Administration Vehicle Report for June,July, & August 2004 This is a summary report for the vehicle usage for the Administration vehicle: June,July&August 2004 1,725 miles(28,943 odometer reading) Note: Three trips were made out of the area. a. GFOA conference in Milwaukee(Traci Pleckham)(284 miles) b. Leadership Conference at U of I,Urbana(Tony Grafi)(242 miles) c. IDOT meeting Bloomington(Tony Grafi)(210 miles) Maintenance/Inspection work was completed for brakes at Midas Muffler shop at a costs of $553.06 on 7/28/04. 1 MIDAS AUTO SERVICE EXPERTS invoice#2009894 ' + � is ' 224 ROUTE 34 Date . 7128/04 stlYORKVILLE, IL 60560 Page: 1 630-553-9355 Center: Customer: YORKVILLE, POLICE Vehicle : 2002 CHEV IMPALA Address : 804 GAME FARM RD License : M134659 Othe : City: YORKVILLE, IL 60560- VIN : 2G1WF52E929306632 Phone 1 : ( 630 ) 553-4340 Ext: Engine : 3.4 Trans : AUTO Phone 2 : ( 630 ) 514-6572 Ext: CELL Mileage : 27961 Othe Op Tech Description Labor Parts Subtotal OH gum Part Number Part Description Reason for Replacement Price Estimate Approvals: Original Approval Date: 7/28/2004 12:42:00 PN Reason: FRT AND REAR BRAKES Amount: $553.06 Auth By: TONY YORKVILLE POLICE Contacted By Phone Phone: (630) 553-4340 By: GLENN 19 00 17 MIDAS 45 POINT BRAKE INSPECTION includes= 0.00 Road test vehicle; remove. all 4 wheels; measure and record brake rotors, brake pads and brakes shoe thickness and brake drums diameter, inspect brake hydraulic system_ 11 00 17 INSTALL MIDAS BRAKE PADS 160.00 19.90 179.90 3 1.00 AZBP1716M MIDAS VSD METALLIC B DOES NOT MEET DESIGN SPECIFICATIONS 9.95 N/S war# YY0113470716 4 1.00 A3991717 MIDAS VSD METALLIC B CLOSE TO THE END OF USEFUL LIFE 9.95 N/S Warll YY0116283817 11 00 17 BRAJtE LABOR 67.20 30S_96 373.16 2 2.00 AZ550345 CARREEPER ROTOR CLOSE TO THE END OF USEFUL LIFE 169.98 4 2.00 191155039 CARKEEPER ROTOR CLOSE TO THE END OF USEFUL LIFE 135.98 Experience The Midas Touch install protective coverings on steering wheel,seats and floor mats Inspect lighting system, Inspect tires and adjust tire pressure Check oil level and Perform Midas Courtesy Check Inspection • ( 5 G_ Ceti C — inn - • DONE WARRANTY INFORMATION Labor: $227.20 Midas International Corporation issues written warranties on mufflers,catalytic converters,shock absorbers, Parts : $325.86 strut assemblies,strut cartridges,brake shoes and pads,and variable rate springs. The warranty terms for Sublet: $0.00 these products are stated on separate printed warranty certificates issued to you,together with the invoice, Other Fees: $0.00 upon the purchase of the appropriate warranted product. The terms of all warranties are in the Midas SHOP SUPPLY $0.00 Warranty Binder on display in each Midas location. All other products and workmanship are warranted for ninety(90)days from the date of installation. There Subtotal : $553.06 are no other warranties issued by Midas International Corporation. Sales Tax: $0.00 This warranty gives you specific legal rights;you may also have other rights which vary from state to state. Paid By: Total : $553.06 On Account Warranty work will be performed at any Midas location in the USA or Canada offering the warranted product Pay Ref: Paid: $0.00 of service.For the address of your nearest Midas location,sec the Yellow pages of the local telephone Due: $553.06 directory or write Midas Consumer Relations, 1300 Arlington Heights Road,Itasca,IL.60143. I hereby authorize you and/or your agents to contact me regarding the products and services provided at Midas. Thank You For Your Patronage! coop/a OUR...,,, / wa Yo ►k(�� ii II S „.) I._ ___:,-1; YORKVILLE POLICE DEPARTMENT CHIEF OF POLICE 804 Game Farm Road Phone (630) 553-4340 Harold 0.Martin III Yorkville,Illinois 60560 Fax (630) 553-1141 Date July 7, 2004 To: Chief Harold 0. Martin III From: S/Sergeant Ron Diederich Reference: Monthly Mileage Report During June 2004, the Yorkville Police Department logged a total of 21,179 miles. Individual squad miles are: Monthly Current Reassign / Squad Vehicle Squad Usage MilesMiles Replace Date M-1 2001 Ford Crown Victoria Patrol / K-9 1,649 ,79 906 2006/2007 M-2 1996 Chevrolet Caprice Administration 648 135,005 =: 2005/2006 M-3 1998 Ford Crown Victoria Administration 281 '120,909 " ”. 2003/2004 M-4 2002 Chevrolet Impala Patrol 2,114 54,103':` 2005/2006 M-5 1998 Ford Crown Victoria Administration 368 115;458 2003/2004 M-6 2003 Chevrolet Impala Chief 479 15,095 ' 2007/2008 M-7 2001 Ford Crown Victoria DARE 0 =,68,140 2009/2010 M-8 2004 Ford Crown Victoria Patrol 2,530 30;042 2007/2008 M-9 2000 Ford Crown Victoria Lieutenant 702 64,310 2008/2009 M-10 1991 Ford Thunderbird DARE 184 125,873 2004/2005 M-11 2003 Ford Crown Victoria Patrol 2,751 41,527 2006/2007 M-12 1999 Ford Expedition Patrol /Trucks 777 50,747 2007/2008 M-13 2001 Ford Crown Victoria Patrol / K-9 1,055 41,878 2010/2011 M-14 2003 Ford Crown Victoria Patrol 2,412 ;52,636 2005/2006 M-15 2004 Ford Crown Victoria Patrol Sergeant 1,247 14,921 2007/2008 M-16 2004 Ford Expedition Patrol Sergeant 1,853 6,831 2008/2009 Respectfully, L., wroillp.,...000,„..T y S/Sgt. Ron Diederich `eOOPt�ti OUR fro,. Yo ►rr�i tliii I R �Hi 44 KV I�},- E �O`:DED 1N 4 YORKVILLE POLICE DEPARTMENT CHIEF OF POLICE 804 Game Farm Road Phone (630) 553-4340 Harold O.Martin III Yorkville,Illinois 60560 Fax (630) 553-1141 Date: August 22, 2004 To: Chief Harold O. Martin III From: S/Sergeant Ron Diederich Reference: Monthly Mileage Report During July 2004, the Yorkville Police Department logged a total of 18,738 miles. Individual squad miles are: Monthly ° :.-Current ._ Reassign/ Squad Vehicle Squad Usage Miles ' Miles Replace Date M-1 2001 Ford Crown Victoria Patrol/ K-9 2,150 '82,056 '' 2006/2007 M-2 1996 Chevrolet Caprice Administration 520 135,525 2005/2006 M-3 1998 Ford Crown Victoria Administration 667 121,576 , ' 2003/2004 M-4 2002 Chevrolet Impala Patrol 1,327 55,430 2005/2006 M-5 1998 Ford Crown Victoria Administration 418 115,876n:. 2003/2004 M-6 2003 Chevrolet Impala Chief 991 16,086 2007/2008 M-7 2001 Ford Crown Victoria DARE 0 68,140 2009/2010 M-8 2004 Ford Crown Victoria Patrol 3,540 33,582 2007/2008 M-9 2000 Ford Crown Victoria Lieutenant 838 65148 2008/2009 M-10 1991 Ford Thunderbird DARE 97125,970 2004/2005 M-11 2003 Ford Crown Victoria Patrol 2,091 43,618 =, 2006/2007 M-12 1999 Ford Expedition Patrol/Trucks 853 51,600 2007/2008 M-13 2001 Ford Crown Victoria Patrol / K-9 146 -42,024 2010/2011 M-14 2003 Ford Crown Victoria Patrol 1,728 54,364 2005/2006 M-15 2004 Ford Crown Victoria Patrol Sergeant 1,244 16 165- 2007/2008 M-16 2004 Ford Expedition Patrol Sergeant 2,128 , 8,959 2008/2009 Respectfully, i S/Sgt. Ronald E. Diederich #203 fn a UNITED CITY OF YORKVILLE Illimaz ,,11011111111 To: Tony Graff, City Administrator ,,t _. Imam o lIllIllIllIl From: Joe Wywrot, CityEngineer ;Nµ O,... -- Subject: Engineering Department-Vehicle Usage Esimi 0,4 111111101 Date: September 1, 2004 a . iiIIIii o��W Below find the status of the Engineering Department vehicles: a 1987 Chevrolet Pickup °'N Odometer reading- 123,916 miles tilignici-imil Major maintenance work in past month-none I 11111111 W 111111111 1996 Lumina Sedan Odometer reading- 166,609 miles Major maintenance work in past month-none 1998 Dodge Dakota Pickup Odometer reading—76,449 miles Major maintenance work in past month-none 2004 Ford F150 Pickup Odometer reading-3438 miles re Major maintenance work in past month-none !Mw 2z Per Section IV.A.12 of the Yorkville Vehicle Policy, please place this item on the next - 2 " I M ,7 N 'n�^ a d Administration Committee agenda. If you have any questions regarding this matter, please 011101411 N N 5mg li _1� 10 411 Eo see me. 00 aln �j N S S � W /7y! LLOLLVy tft MVQ QHcyiYnt^) W W zg C/�'��1/ t/ NLL ww com commITLI 00a(DR zZ 000 O��.. F FF-1-^000 p0 LL=LLLL L. 252===oweu.LL ZW =xOMW y)W 111 g 1 ��OQ,00Nll Dviii O1 g OjIlil Zd1Irci I AIz W =_Q0 g040g000Q0Q0 J ^mW Z ZZZZZZ W W= }Yq❑qC��030000d'�'a'�Q'a' y)> JJ 0~000OOR,T.r wwwoQg=�,9 �� 22maimaimilliHM1111 LLZU..)LLLILU LLZZZZZZc, o �r » 2 I— uN Q Cc: Liz D'Anna, Deputy City Clerk Z . . wi N l7QU)m^W O,-NIhQ W m^W M O U)- 2 }}}}}}} }}}}}}}}}} z}} AIM PARK AND RECREATION DEPARTMENT Quarterly Vehicle Use Report Month June -August Year 2004 Vehicle Year Cumulative Mileage Replace Year Pick up Truck Ford F-350 1999 24850 2005 2000 19640 2007 Pick up truck Ford F350 2003 7130 2008 Pick up truck Ford F 350 One ton Dump Truck 2003 6974 2008 Pick up Truck 2003 6589 2008 Ford F 150 GMC Safari 2000 8904 2007 8 passenger Van Pick up Truck Ford 2004 416 2009 Chevy Impala 2003 5400 2008 Submitted by „cs0 ClTI s • T k4 ESt UNITED CITY OF YORKVILLE Peort° CORPORATION COUNSEL —JOB DESCRIPTION Department: Administration Reports to: Mayor Status: Exempt Position Description Overview Under administrative directions of the Mayor, serves as legal counsel for the United City of Yorkville; advises and represents the City in legal actions; researches legal questions and drafts ordinances, resolutions, and legal opinions; supervises [Assistant City Attorneys and—comment: will the City have asst. attys on staff?! clerical staff. Essential Job Functions 1. Advise City Council, boards and commissions, department heads, and other City staff members on legal procedures and the legal ramifications of management decisions. 2. Draft ordinances, resolutions, and legal opinions upon the request of the Mayor, members of the City Council, or department heads. 3. Prepare written legal opinions based upon questions submitted to the City Administrator for legal evaluation. 4. Instruct City staff members on legal procedures. 5. Monitor case law and legislative developments to assess impact on City. 6. Represent the City in litigation to which it is a party, including injunction proceedings, challenges to City ordinances, City code violations and other civil actions. 7. Prepares complaints or statements of charges against employees which the City wishes to discipline. 8. Meets with citizens concerning legal problems in which city is involved. 9. Reviews and drafts all legal agreements with governmental agencies, consultants, service providers. Also drafts contracts for purchase or sale of property, etc. 10. Acts as office administrator and assigns work of assistant counsel. 11. Complies with all personnel safety rules and regulations, both written and verbal. 12. Performs other related duties as directed. Requirements 1. Thorough knowledge of local ordinances, State laws, and established precedents. 2. Thorough knowledge of court procedures and rules of evidence. 3. Ability to research questions regarding points of law and to draft appropriate responses. 4. Ability to draft ordinances, resolutions, and other legal documents. 5. Ability and skill in preparing and trying cases. 6. Ability to communicate effectively both orally and in writing. 7. Requires the skills in the use of standard office machinery, personal computers, 110-key calculators), and familiarity with (spread sheet (Excel) and( word processing (Word) software (comment: does the City anticipate that these will be used in attorney work?J. 8. Ability to establish and maintain satisfactory working relationships with City officials, attorneys, and other professionals, law enforcement officials, and the general public. 9. Ability to • . • . • : • • • . . maintain confidentiality of information. Experience and Education 1. License to practice law in the State of Illinois 2. Five years experience as a licensed attorney, preferably in municipal law and litigation. 3. Valid Drivcr's i icense.[This does not need to be removed, but the City will need to be prepared to explain why this is a required qualification for the job.] The duties listed above are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to the position. The job description does not constitute an employment agreement between the employer and requirements of the job change. I . 4.10 CITL r vas o9 UNITED CITY OF YORKVILLE �— azo LE V'eCORPORATION COUNSEL—JOB DESCRIPTION lecl Department: Administration Reports to: Mayor Status: Exempt Position Description Overview Under administrative directions of the Mayor, serves as legal counsel for the United City of Yorkville; advises and represents the City in legal actions; researches legal questions and drafts ordinances, resolutions, and legal opinions; supervises (Assistant City Attorneys and—comment: will the City have asst. attys on staff?! clerical staff. Essential Job Functions 1. Advise City Council, boards and commissions, department heads, and other City staff members on legal procedures and the legal ramifications of management decisions. 2. Draft ordinances, resolutions, and legal opinions upon the request of the Mayor, members of the City Council, or department heads. 3. Prepare written legal opinions based upon questions submitted to the City Administrator for legal evaluation. 4. Instruct City staff members on legal procedures. 5. Monitor case law and legislative developments to assess impact on City. 6. Represent the City in litigation to which it is a party, including injunction proceedings, challenges to City ordinances, City code violations and other civil actions. 7. Prepares complaints or statements of charges against employees which the City wishes to discipline. 8. Meets with citizens concerning legal problems in which city is involved. 9. Reviews and drafts all legal agreements with governmental agencies, consultants, service providers. Also drafts contracts for purchase or sale of property, etc. 10. Acts as office administrator and assigns work of assistant counsel. 11. Complies with all personnel safety rules and regulations, both written and verbal. 12. Performs other related duties as directed. Requirements 1. Thorough knowledge of local ordinances, State laws, and established precedents. 2. Thorough knowledge of court procedures and rules of evidence. 3. Ability to research questions regarding points of law and to draft appropriate responses. 4. Ability to draft ordinances, resolutions, and other legal documents. 5. Ability and skill in preparing and trying cases. 6. Ability to communicate effectively both orally and in writing. 7. Requires the skills in the use of standard office machinery, personal computers, 110-key calculators], and familiarity with [spread sheet (Excel) and] word processing (Word) software [comment: does the City anticipate that these will be used in attorney work?]. 8. Ability to establish and maintain satisfactory working relationships with City officials, attorneys, and other professionals, law enforcement officials, and the general public. 9. Ability to maintain confidentiality of information. Experience and Education 1. License to practice law in the State of Illinois 2. Five years experience as a licensed attorney, preferably in municipal law and litigation. 3. V—,-alitl-;Tr-i 's-Licca c.[This does not need to be removed, but the City will need to be prepared to explain why this is a required qualification for the job.] The duties listed above are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if work is similar, relate;.. : a logical assignment to the position. The job description does not constitute an employment agreement between the employer and requirements of the job change. so �� ®� United City of Yorkville Memo a , 800 Game Farm Road EST% _ 'd' 1836 Yorkville, Illinois 60560 Telephone: 630-553-4350 ®,A -. `p Fax: 630-553-7575 KefIda Con.til S <`E ,�)1 Subject: Handbook Policy Drafts The following is a draft policy document for a Sick Leave Pool. All regular full-time employees who have a catastrophic illness are eligible to apply to the Voluntary Sick Leave Donation Program. A catastrophic illness or injury is one that is expected to incapacitate the employee for an extended period of time, provided taking extended time off work creates a financial hardship for the employee. Stipulations include: a) exhaustion of all personal sick leave, vacation,holiday, and comp time days b) exhaustion of or ineligibility for extra sick leave for hardship and dire emergency Applicant produces a written request for donations to their Department Head. The request must estimate the amount of time the employee expects to be absent. Donors will notify the Human Resources clerk as to the amount of time donated, and what type of leave they wish to donate (sick, vacation, holiday, etc.) The name of the donor will be kept anonymous. There will be no limit placed on the maximum amount of time an individual can donate, except that the donor must still have 30 days of sick leave time left after the donation has been approved. Bart Olson UNITED CITY OF YORKVI]LLE Salary Survey for Elected or Appointed Officials Salary per Municipality Position Salary month Notes Estimated Batavia Population-25,000 Mayor $19.08/hr $1,908 Paid per hour,not to exceed$1,908 per month Aldermen $180/meeting $720 Estimated 4 meetings per month Clerk $5,000/year $417 Treasurer $600/year $50 Chanahon Population-9,218 Mayor $7,920/year+$240/meeting $1,140$7,200/year for Mayor position,$720/year for liquor commissioner,and $120/meeting for each title,estimated 2 meetings per month Aldermen $60/meeting $120 Estimated 2 meetings per month Clerk $250/month+$60/meeting $370 Estimated 2 meetings per month Treasurer $0 $0 No Treasurer,Finance Director takes the responsibilities Geneva Population-19,515 Mayor $15,000/year $1,250 Aldermen $150/meeting $600 Estimated 4 meetings per month Clerk $300/month $300 IML Website Treasurer $167/monthly $167 Minooka Population-3,971 Mayor $10,000/year $833 Aldermen $60/board meeting+$25/committee meeting $170 2 board and 2 committee meetings per month Clerk $18.27/hr $1,516 Part-Time,based on 1000 hours/year Treasurer $18.27/hr $1,516 Part-Time,based on 1000 hours/year Montgomery Population-7,109 Mayor $800 $800 IML Website Aldermen $500 $500 IML Website Clerk $500 $500 IML Website Treasurer Awaiting returned Phone Call... Morris Population-11,928 Mayor $58,000/year $4,833 Full-time,3 year contracts,increases 3%every year Aldermen $4,200/year $350 Clerk $52,000/year $4,333 Full-time Treasurer $3,400/year $283 North Aurora Population-10,585 Mayor $550/month $550 IML Website Aldermen $400/month $400 IML Website Clerk $275/month $275 IML Website Treasurer $150/month $150 k;' U N JITIED CITY OF YORK V I ILILJE Salary Survey for Elected or Appointed Officials Salary per Municipality Position Salary month Notes Estimated Oswego Population-18,000 Mayor $4,200/year+$50/meeting $550 $2,100/year each mayor and liquor corn.,and 4 meetings per month Aldermen $50/meeting $200 Estimated 4 meetings per month Clerk $4,200/year $350 Clerk gets$46,000/year,only$4200 for being"City Clerk" Treasurer $0 $0 Office is incorporated into Finance Dir.,no additional salary Plainfield Population-13,038 Mayor $1,125 $1,125 IML website Aldermen $50/meeting $150 Estimated 2-3 meetings per month Clerk $4,208 $4,208 Treasurer $2,500/year $208 Plano Population-5,633 Mayor $7,900/year+$50/meeting $858 $6400/year for mayor,$1500 for liquor corn.,and 4 meetings per month Aldermen $300 $300 IML Website Clerk $367 $367 IML Website Treasurer $5,600/year+$50/meeting $667 Estimated 4 meetings per month Sandwich Population-6,509 Mayor $417 $417 IML Website Aldermen $267 $267 IML Website Clerk $1,833 $1,833 IML Website Treasurer $2,000/year $167 Shorewood Population-7,686 Mayor $150/month+$275/meeting $975$275/meeting is for Mayor title,$150/month is for liquor commissioner, estimated 3 meetings per month Aldermen $175/meeting $525 Estimated 3 meetings per month Clerk $150/meeting $450 Estimated 3 meetings per month Treasurer $0 $0 No Treasurer Sugar Grove Population-5,418 Mayor $7,600/year $633 Includes liquor commissioner fees Aldermen $3,600/year $300 Clerk $5,000/year $417 Treasurer $0 $0 This is incorporated into Finance Dir.,no additional salary Yorkville Population-8,749 Mayor $8,500/year $708 Aldermen $3,600/year $300 Clerk $3,600/year $300 Treasurer $3,600/year $300 ` -- - Salary for Mayor Salary for Mayor(Without Morris) �. $6,000 - --- ---- $z.50O ------- - -- $50Oo' ---'-----'-----• -�--------�---�--'- $2oOO �� --�- ��- ---�� --��--�____-_'__-__-__ . '•'_ $4.O0O '--------'----------'---------'------''— : ::: i : 1. -- — ' : ::: ' � _ ___ _ �sno ��--�-- -•- --'�`---- --^--- $O . . . $0 . . . . . 0 5000 10000 15000 20000 25000 30000 0 5000 10000 15000 20000 25000 30000 Population Population - Aldermen Clerk $800$700 --------------------'- � '----�---'---� --------�---�-�----� - -� --• -' ��- ' $5,000 ------ - --$600 $4,000$*.00o • . $3.080 *300 _ $2,000 • -------------'--_ ----' $200 __-__'-______��•____�__ _�___��_. _ ~ � • �1.000 --- • ---�----��- �----�- ----�--� $100 -�,-'-------------�-------------- w* .. •• � • . • $0 � . .� . . . $0 • ' 0 5000 10000 15000 20000 25000 30000 0 5000 10000 15000 20000 25000 30000 Population Population ____ Clerk(Exlcuding Morris and Plainfield) Treasurer *2.000 $1.600 -- -- • $1.8O0 ----'---'-'�----'--------' - -� -- - ' - $1.400 ---- $1o�O -- ---- — - - - ' - --•---�---' $12OO ---��--'-�-�-� -'------_---___-____--_______ $1,400 ------------�------- -�— - ' $1,000 -------- ___ _-_____-_-- $1,0OO --'----------'-----------��- ----- �� - --- $000 — �--- - --- ---�------'�-----'--------- $800 $000 • $600 $400 $400 ' --_-_• .. * $000 • • --___ � �~�~~_~~~ _ $zno $0 . . . . . $O 0 5000 10000 15000 20000 25000 30000 0 5000 10000 15000 20000 25000 30000 Population Population Aldermen - Population 5,000 - 20,000 $900.00 $800.00 ,_ $700.00 . $600.00 - _ . _ • •. $500.00 $400.00 - . . • $300.00 • . . . • . . . • . $200.00 $100.00 - __ ___ • . $0.00 5000 7000 9000 11000 13000 15000 17000 19000 Population Aldermen $1,400.00 $1,200.00 $1,000.00 • • • $800.00 • • • •• $600.00 •._. __ ._ • • • • •• • • • $400.00 • i• • _ • • • • • • • • ••••• 4► • • ••• « • • • • • $200.00 _ ._ _.._...•..._._. •• • • • • • S. • • •• • •••• • $0.00 r I 0 20000 40000 60000 80000 100000 120000 140000 Population Clerk - Population 5,000 - 20000 $6,000.00 • $5,000.00 • • • • $4,000.00 ♦ • ♦ • • $3,000.00 • • • • • • $2,000.00 • $1,000.00 • • • • • • • • $0.00 5000 7000 9000 11000 13000 15000 17000 19000 Clerk $9,000.00 $8,000.00 • $7,000.00 $6,000.00 • • $5,000.00 .• . • • • • • • • • • • $4,000.00 • • • • • • $3,000.00 - ••_• ._ - • • • +i •••• • • $2,000.00 ,, • • •• • • • • • • •• • » • $1,000.00 • • • • -:•• • • • • $0.00 0 20000 40000 60000 80000 100000 120000 140000 160000 Population Mayor - 5,000 - 20,000 $6,000.00 $5,000.00 $4,000.00 - _ _ • $3,000.00 $2,000.00 -- $1 ,000.00 • • • • • • • • , •. • •• • • • • $0.00 - I 5000 7000 9000 11000 13000 15000 17000 19000 Population Mayor $9,000.00 _____ __ ____________ __ $8,000.00 $7,000.00 $6,000.00 $5,000.00 • - $4,000.00 - __ $3,000.00 $2,000.00 - • $1 ,000.00 - • • . 71 . • • . . • . . $0.00 - I I 0 20000 40000 60000 80000 10000 12000 14000 16000 0 0 0 0 Population UNITED CITY OF YORKVILLE Memo To: Mayor&Administration Committee From: Tonyff Date: 9/9/04 Re: Request for Enrollment to Graduate Program at NIU This is a request to enroll in the Master of Public Administration Degree program at Northern Illinois University. At this time, I am classified as a student at large and I am currently enrolled is a class titled Public Budgeting and Financial Management (see attached syllabus). The cost per class is estimated to be $900. At this time, the current budget could support 2 - classes this year. This request is following the Employee Manual procedure as outlined in Section 8.6b Education & Training as stated subject to budget approval and Mayor and City Council approval(attached). 1 United City of Yorkville Employee Manual Final 02-10-04 Section 8.5 Uniform Allowance The City shall provide uniforms for all full-time and eligible part-time employees, required to wear uniforms. Replacement shall be provided, as authorized by the Department Head. The specifics of uniform style shall be defined in Departmental Policy and approved by the City Council. Section 8.6 Education and Training a The City shall pay all expenses including wages at "regular" pay, travel, and training fees for any full-time or approved part-time employees enrolling in "required" training courses. b. All requests by an employee for the enrollment to a college degree or certificate program must be submitted by the Department Head to the Mayor and City Council for approval. Then all courses related to the program shall be eligible for payment subject to budget approval. This provision shall be subject to change and does not entitle any employee the exclusive right to receive approval. Furthermore, the employee shall provide a grade or transcript to the Department Head upon the completion of each course. Any revisions or change requested by the employee to the approved program must be submitted to the Department Head for approval prior to the revision or change. c. The City may pay all expenses of an elective course. An elective course is one that may benefit the City by added knowledge, but is not directly related to City operations. d. The tuition and fees only (no books or materials) of an elective or required course will be paid through direct billing from the appropriate school. The employee will sign the payroll deduction form prior to the enrollment of the course stipulating to the following provisions will apply: if a grade of a C-average or better is attained upon the completion of the course the class will be considered complete and paid for by the City. If less than a C-average is attained, the employee will be required to pay back 100% of the tuition and fees to the City through a payroll deduction as stipulated within the payroll deduction sign off form or direct payment to the City. e. All Department Heads will complete the Off-Premises Training Hours Worked Agreement form (Appendix N) for all employees who attend training outside the Chicago Metropolitan area. f. If arrangements can be made with company or institutions that are more advantageous to the City, efforts will be made to benefit from those arrangements. Employees taking off- shift classes that are required shall be paid at their regular rate of pay, including mileage. g. When seminars are deemed in the best interest of the City by the Department Head and the appropriate City Council Committee, only Committee approval is needed to send an employee to the seminar and pay expenses incurred. However, if the seminar or conference is stated within the narrative of the budget this constitutes approval. 33 MPA PROGRAM REQUIREMENTS Course Requirements The MPA degree will normally require the completion of 39-53 semester hours of approved graduate study. The distribution of hours is as follows: - 21 semester hours of core courses (required of everyone) - 15 semester hours of specialized course work, to be divided between an area of specialization and electives of individual interest (required of everyone) - 2-8 semester hours of PSPA 595: Internship in Public Administration (required of those students without "appropriate professional experience.") - 3-9 semester hours of PSPA 599, Public Sector Research (hours awarded toward completion of the starred paper) Core Courses: 21 semester hours There are 21 semester hours of public management core courses which must be completed by each MPA student. These courses are: PSPA 500 - Scope and Dynamics of Public Administration Examines the history of public administration and the basic issues which confront it, including administrative responsibility and ethics, and the formulation and implementation of public policy. PSPA 501 -Data Analysis in Public Administration Examines techniques for the collection, manipulation, interpretation, and presentation of data and information in public policy/management processes, and demonstrates applications of the techniques using micro-computer technology. PSPA 504-Public Program Evaluation Methods An examination of the techniques of policy analysis and evaluation and their application to selected policy areas, including a discussion of experimental, quasi-experimental, and other evaluative tools. Requires project. PRQ.PSPA 501. PSPA 505 - Organization Theory and Behavior A survey of selected theory and research on organizations relevant to public administration, with a focus on key organizational functions and ways of defining and responding to organizational problems. PRQ. PSPA 500. PSPA 509 - Public Personnel Management An examination of techniques, methods, and policies concerning the management of personnel in public and quasi-public organizations. PSPA 510 -Public Budgeting and Financial Management An examination of the techniques and methods of public budgeting and financial administration. PSPA 512 -Information Management and Decision Support In Public Organizations An introduction to concepts and skills concerning the management of information technology,in the public sector. Coverage of topics related to managing computers and using software (including, spreadsheets and data base management systems) to support the decisionmaking process. Areas of Specialization: 15 semester hours In addition to the public policy/management core, students must also complete the requirements of one of the following areas of specialization, thus developing expertise in a specialized field of academic and professional interest. Public Administration-a general study of public administration, focusing principally on organization theory, administrative analysis, and the problems endemic to large federal and state agencies or specific areas of administration, such as human resources. Course Requirements: a) PSPA 420-American Public Policy b) PSPA 595 -Internship in Public Administration* c) Twelve additional semester hours of approved graduate study. Urban Management and Development- an analysis of urban problems, especially the political and administrative problems of city management and community organization activities. Course Requirements: a) PSPA 530-Local and Metropolitan Government b) one of the following courses: -PSPA 531-Urban Planning and Zoning -PSPA 532-Problems of Municipal Administration ' -PSPA 535-Economic Development c); PSPA 595 -Internship in Public Administration* d) Nine additional semester hours of approved graduate study. Comparative and Developmental Administration- a thorough study of the economic and social problems of developmental administration, and an examination of bureaucratic functioning in other cultures. Course Requirements: a) one of the following courses: -PSPA 571 -Readings in Comparative Public Administration -PSPA 572-Administrative Problems of Less Developed Countries b) two of the following: -POLS 432 -Public Administration in Southeast Asia -POLS 521 - Comparative Public Policy - POLS 533T-International Biotechnology Policy." -POLS 568 -Seminar in the Political Economy of Developing Areas -POLS 584-Political Economy of International Relations -POLS 571 or 572,if not counted under (a) c) Six additional hours of approved graduate study. These courses may be from those listed above, but not counted under (a) or (b). Fiscal Administration-a critical examination of techniques and problems in the field of fiscal management, budgetary policy, and political economy. Course Requirements: a) ACCY 557- Accounting for Public Administration b) PSPA 552-Public Sector Revenue Management c) PSPA 595-Internship in Public Administration* d) Nine additional semester hours of approved graduate study. Human Services Administration-an intensive review of fundamental problems involved in the development and administration of programs in social services, mental health, developmental disabilities, health planning, work force planning, aging, youth services and related topics. Course Requirements: a) PSPA 526-Social Policy b) PSPA 595 -Internship in Public Administration* c) Twelve additional semester hours of approved graduate study. Internship requirement may be waived for appropriate professional experience. Internships: 2-8 semester hours The administrative internship is a required component of the MPA program at Northern Illinois University,for which the student also receives academic credit toward the MPA degree. The MPA internship is a paid internship experience, generally served for the full two years of the student's academic program. Interns are the employees of the public or quasi-public agencies for which they work and they receive work assignments from their supervisors at the agencies. These assignments provide"appropriate professional experience" which augments the academic program of courses. Students who enter the MPA program mid-career, or with "appropriate professional experience", may be eligible to have this requirement waived. "Appropriate professional experience" is defined as at least two years of administrative full-time work experience in the student's area of interest in the MPA program. Whether the student meets this criteria will be determined by the Graduate School upon recommendation of the MPA Coordinator, after consultation with the student's work supervisor. If approved by the Graduate School, the internship requirement will be waived and the student's required number of credit hours will be reduced; mid-career students may be also asked to participate in intern meetings and activities of special interest to the student, or when deemed appropriate by the Director. PSPA 595 -Internship in Public Administration A pre-professional experience composed of three elements: 1) administrative or staff service in a public or quasi-public agency;2) seminar meetings consisting of student presentation and action exercises;and 3) presentations by practicing public administrators and scholars in the field of public affairs. PRQ: consent of department. Starred Paper Requirement: 3-9 semester hours Each MPA student is responsible for preparing a research paper of exceptional quality, called a starred paper, for completion of their MPA degree. The starred paper is a culminating research/analysis presentation,based upon an approved research design and original field research,which is expected to be of professional,publishable quality. Students usually address practical problems faced in their internships or places of employment, although they may explore other topics of relevance to the field after consultation with an appropriate faculty member. Students must work with a faculty advisor on the paper until it is approved. Once having started starred paper work,students are required to maintain continuous enrollment in PSPA 599, including summer terms, until the paper has been completed and approved and the student's comprehensive examinations have been passed. PSPA 599 -Public Sector Research Research and writing related to the completion of the starred paper requirement for the MPA degree. To be taken for 3 hours upon first enrollment and 1 hour per term thereafter until the successful completion of the Comprehensive Examination. May be repeated to a maximum of 12 hours. PRQ: PSPA 504 or consent of department Comprehensive Examination Each MPA Student must pass a two-day, essay comprehensive examination. A student must have completed the minimum number of semester hours of approved graduate study, exclusive of internship hours, be carrying no incompletes (except for PSPA 599), have a grade point average above 3.0, and have completed the starred paper to be eligible to sit for comprehensive examinations. Financial Aid Financial Aid is typically rendered to full-time MPA students through internships,graduate assistantships and fellowships. Most MPA students serve internships. All interns receive a tuition waiver from the university and are paid by the agencies for which they work. Since most MPA interns work in their agencies for the entire two years of study,they normally pay no tuition during the course of the MPA program. Interns must still pay all student fees and are responsible for books. Revised 2/8/01 Master of Public complete the program within three to four Administration years. Students may take courses at any Graduate7" one site or at a combination of sites. The M.P.A. program at :_Seti°els WWI" Courses meet on weekday evenings or on NIU is ranked in the top 202 Saturdays and are scheduled to allow 15 percent of M.P.A. �. students to enroll in two classes per programs in the United semester. States. It was among the first programs nationwide to be fully accredited by the Financial Aid National Association of Schools of Public Affairs and Administration (NASPAA). A pioneer in the development of intern Additionally, the M.P.A. program has been ships in local government management, nationally recognized and honored for its the M.P.A. program provides a unique "overall excellence in preparing persons combination of classroom study with on for careers in city management" by the the-job professional growth and experi- International City/County Management ence. Full-time students take a regular Association (ICMA). schedule of graduate classes while working part-time in a paid, entry-level The M.P.A. program offers an integrated professional experience. Wages are course of study incorporating both theory determined and paid by the employer. - and practice. The public policy/manage- The university waives tuition and out-of- ment core, required of all students, state fees for all interns. promotes applied problem-solving and ethical administrative practices. The Full-time students in the M.P.A. program curriculum is noted for the strength of its are placed in internships routinely paying appeal to both pre career students $9,000-$16,000 for part-time professional looking for entry-level management work. Internships are usually not available positions and mid-career executives for international students. looking for opportunities for intellectual The university's Student Financial Aid growth and career enhancement. Office offers Federal Stafford Loans, M.P.A. courses are available in several fellowships, and scholarships. formats and at various locations to meet the differing needs of both pre profes Application and Admission sional and mid-career students. Prerequisites for admission to the program • Full-time, on-campus students enroll in are 9 semester hours in the social sci three courses each semester and spend ences, including at least one course in 20 hours per week in an internship with a U.S. government and at least 3 semester governmental agency. Typically, these hours of undergraduate work in math students complete the program in 21 ematics or statistics, or other evidence of months. On-campus M.P.A. courses meet competence in skills of quantitative once a week, in the late afternoon or analysis. evening. Application for admission to the M.P.A. • Mid-career professionals are able to program is made directly to the Graduate pursue graduate study on a part-time School. A completed application consists basis in several locations, including of the Graduate School application form, Chicago suburbs. Students usually statement of career goals, three letters of recommendation, transcripts from all undergraduate and graduate institutionsAili , attended, and official test scores on the - .' 14, A Graduate Record Examinations (GRE) 3 , - - �- General Test. The Division of Public Administration has .t F -i. 7--_--,,,,. the following recommended early applica- ,a14- tion dates: Fall or Summer term—March 1 Spring term—October 1 3. Three letters of recommendation, preferably two letters from previous These dates are recommended so that instructors who can judge the student's full-time students can start their internship ability to do graduate work and one _• search in a timely fashion with the hope of from a public administrator or previous internship placement by the beginning ofemployer who can judge the student's the term for which they have been admitted. potential as a future administrator; and 4. A statement of career goals no more The Graduate School application dead- than two pages long. - lines are: Y Performance in previous graduate-level =: Fall—June 1 course work as well as public service Spring—November 1 work experience will also be considered in Summer—April 1 admissions decisions. Each application is v The M.P.A. program will continue to evaluated and compared to all other accept applications per the Graduate applications for a given semester, and the 's School deadlines until the program is most qualified applicants are admitted. filled. Current admission guidelines prefer: Program of Study 1. Undergraduate grade point average of The M.P.A. degree requires the comple- at least 3.00 (on a 4.00 scale); tion of a minimum of 39 semester hours of 2. Satisfactory score (a minimum of 500) approved graduate study. Course work is in each of the three areas tested on the taken both in the public policy/manage- °' GRE; ment core and in a selected specializa- tion. i'" n"11" i.... '1,':V .,, iTF Public Policy/Management Core '�11 - ., (24 semester hours) .,t a; ; • Scope and Dynamics of Public _ rt — A Administration A -` • Data Analysis in Public Administration ,, w • Public Program Evaluation Methods P' �`� �� • Organization Theory and Behavior 4 0 • Public Personnel Management ir- i • Public Budgeting and Financial w , , � ,_, Management �u° ��,41i`f5' , t • Information Management and Decision s - Support in Public Organizations 4v . � ,,- _ .•..M .., „- . _. - • Public Sector Research — — a Program specializations The University (a minimum of 15 semester hours) Established in 1895, Northern Illinois • Urban Management University is a major state institution of • Fiscal Administration approximately 23,000 students, with a • Human Services Administration graduate student body of nearly 6,500. • Public Management and Leadership Located in DeKalb, 65 miles west of • Comparative and Developmental Chicago and 35 miles southeast of Administration Rockford, NIU is ideally situated near Internship requirement for pre-service more than 3,000 government agencies students (1-3 semester hours). within which students can gain internship Each student is responsible for preparing and practical learning experience. NIU's a research paper of exceptional quality research facilities are excellent. They (starred paper). In the starred paper, include a library of over 1.6 million vol students usually address practical prob umes and immediate computer access to lems faced in their internships or places of other major library collections in the state. employment. The starred paper must be DeKalb's university community offers a full completed before the student is eligible to schedule of cultural and athletic activities. sit for the Comprehensive Examination. A community with a population of Prior to graduation, each M.P.A. student approximately 40,000, the DeKalb area is must pass a Comprehensive Examination large enough to have varied services and covering both the core curriculum and the entertainment while still offering the student's specialization. warmth, security, and affordability of small-town living. . ; xTT '-� - Iggi'''''':114*. lax Woodstock Rockford 23 x eU5 3 ,,NIU-florid d me Belvidere f 4 -',71`.:,, / 3L Co.'$§`�} o lk+`n -' ", $' _ BY 8165 , :,. N .� ,44 Algo s ° . �4 .�es' ''�` Rockford VP -•'i'` ai " .? s ",, • '' Airport ------ 0 Va 39 23 ® ' Minority Fellowship NIU Sycamore Program © Main campus® Rochelle DeKalb East-West Tdlway1111111111 % Minority candidates are encouraged to ----- © cel apply to the Rhoten A. Smith fellowship N program. This program requires all recipients, admitted as full-time students, 10 NIP ._...4 to intern at public agencies for 20 hours a week while attending school. However, the student may be paid a special stipend by the university, which also includes a Sandwich waiver of tuition and out-of-state fees. , 7 , SIr �ar4,,!#..^ ,..,4 _ Cis ��yl t '� e'as��` :�§ ti.puY l kn c ,*g r4s t rs �r .c- ^xNi•�i . gra my t K � `"' },i 5.0 '2.�a=/tea :.�E i�.' �i..."# { Jt d _ . ,. , . , .. , . c • , , it...or.„.k-,,,,,,ii..$•rti.R.k.ri-wiokkiti,,,),:e,iyelkiv--,..,,z, br..,,i ,.-1,__,•__:. ,k4A.1„„ a , „air 44-- , .s4, ,,-. i, % 'lam, t,..4 , d , , , . . ..,...,.t41:4,,,,,,',elyeit - -.2.4-- -..?. ,,-q:.,:.,-, 1/4,,-...-,.i',,,,, -,,.--,-..4,10",-.44' '''''''....V.-',..i.--°' ... ''ty, '- :,4 f: i ....L.1 i. � -,--,,,--!,,,,----(1:-- ' l � r 7d E. o h'e tF�' a) .°G�z • iKiit..9 i4�e s --" �# �� ■� � � `" ESL*` 4�' ., <°�- 111.111 ,6,1,1.-,vi, *' ,F WI 4 F! Y ..,,,b7,3 vCt .... .G�� + ss 6 '4, 8 `d % J �a°Ufa r< 1 �t a !S°ra cel..„,:::.....r ..,..,11.'..4=., " y" m , caro fir, i. �E-lk i -to p a d`p? are s , g - 1 • •.:,• _.. dr fi� �� x ,Z � rt r aim f'� 6 S ��b i,.,xe �x a �r>'d P t'x,rr" x9;p.�Irk ;r - �i 'moi�.� 5• , ,' tz wig t'is 2 4, �, z;N' 0r'x.40, �``i� F 'E ' " i. i �r t .r7� �` t st ems'" 4E .�.� s ''''''"''''''''r i 1,,. • 1 � W:i.g2.r:) k,6 g 4'',' .414-„,�1�f'1 1�' ',4 g,;.,`f y . rv "F ?'" �7ft k f d ,3 rt';,rd ny. .�a:aw'4J* ' 'a weak cr'. 3'4$' �+r anar° ,w c +,.,.a a t [a1, t s. -,0-A�.,v".r.°� i4a ' r r t.- �, t nes iR . ' 9. r �{of 4�. ,d ,7 rr sa ..',h �� '' ...? . I 1 @ � ',,,-.411:.'44,.`44.4. -,...,,,,,....,,w,.� 1 � ''.'_' x,s r x < _4 >w��`1.N! .2.s i��+r..'�:?zw..��a°a'E''..�1 i. �'_""� �-.. fw'As'�: Northern's M.P.A. Graduates Pursue Careers in Public, Private, and Nonprofit Sectors The M.P.A. program offers an integrated course of study incorporating both theory and practice. The public policy/management core, required of all students, promotes applied problem-solving and ethical administrative practices.The curriculum appeals to both pre-career students looking for entry- level management positions and mid-career executives looking for opportunities for intellectual growth and career enhancement. The M.P.A. program teaches skills that can be readily applied to a variety of work environments.As can be seen from the following chart, M.P.A. graduates pursue careers in many employment sectors. Employment of NIU M.P.A. Alumni College/University Nonprofit 8.2% Organization _ , 13.2% State Government 5% \ 3 - � ji.A1,k Federal Govenment 3.6% yam \Other 2.5% Private 14144,V5._t Sectori � F; 22.4% g ' � .tv r.i ' *a � F7 Local ` ""•' Government 45% • For more information about the M.P.A.program contact: M.P.A. Coordinator Division of Public Administration Northern Illinois University DeKalb,IL 60115-2854 Telephone: (815) 753-6149 FAX: (815) 753-2539 Also visit our website: www.niu.edu/pub_ad/paweb.html Recycled paper Northern Illinois University is an equal opportunity institution and does not discriminate on the basis of race,color,religion,sex,age,marital status,national origin,disability,or status as a disabled or Vietnam-era veteran.The Constitution and Bylaws of Northern Illinois University afford equal treatment regardless of political views or affiliation,and sexual orientation. Produced by the Northern Illinois University Offices of Publications and Document Services. Printed by authority of the State of Illinois. www.niu.edu 3/06 22052D Blackboard Learning System TM(Release 6) Page 1 of 3 COURSES >PUB BUDGET FIN MGMT >COURSE INFORMATION Syllabus PSPA 510 Public Budgeting and Financial Management Fall 2004 Instructor: Larry Maholland Class Times: Thursday 6:30—9:10 Office phone: (630)377-4425 Home phone: (630) 584-7049 Email: Imaholland@stcharlesil.gov Purpose The purpose of this course is to examine public budgeting and finance. Through readings and exercises students will learn about broad concepts and how those concepts are practically applied. Assignments completed outside of class and in-house discussions will enhance students'presentation and analytical thinking skills. Emphasis will be placed on local budgeting systems with additional information on state and national systems. Required Texts Aronson, J. Richard and Eli Schwartz(eds.) 1996. Management Policies in Local Government Finance, 4th Edition. Washington, DC: ICMA Bland, Richard L. and Irene S. Rubin, 1997. Budgeting:A Guide for Local Governments. Washington, DC: ICMA Gauthier, Steven J. An Elected Officials Guide to Fund Balance and Net Assets. Chicago: Government Finance Officers Association. Midterm and Final Examination There will be a midterm and final exam. Each exam will be worth 25 percent of the final course grade. The midterm examination will cover approximately one-half of the class. Examine questions will consist of problems, short answer or essay on topics discussed in class and further clarified by reading assignments.The final examination will cover the material discussed after the midterm. Make- up exams will only be permitted in extreme emergencies. Other Assignments Students will analyze various forms of budget and financial information from their community as well as case studies that I will provide. The purpose of these activities is to build applied knowledge and develop analytical skills. Students will prepare the assignments as if the information is being presented to the City Manager and City Council.Assignments will be primarily graded on presentation and analytical skills. These exercises will account for 25 percent of the final course grade. Class Participation We share responsibility for your education. The class will maximize its ability to learn when all students share their opinions, questions and concerns.Attending class is, of course, is a perquisite to participation. Basis for Calculating Course Grade Letter grades will be based on the standard 10 percent scale(e.g., 90% =A, 80% = B, 70% = C, etc.) The following components are criteria for calculating the course grade. Mid-term 25% Final 25% Class Assignments 25% Participation 25% Emailed assignments will not be accepted unless the student is given prior approval by the instructor. http://webcourses.niu.edu/bin/common/content.pl?action=LIST&course id=_49881_1&ren... 9/9/2004 Blackboard Learning System TM(Release 6) Page 2 of 3 CLASS SCHEDULE Week 1: Introduction,Values and basic Concepts—August 26 Bland and Rubin: Chapter 1 Aronson and Schwartz: Chapter 1 Week 2: Budget Processes and Decision-making—September 2 Bland and Rubin: Chapter 2 Assignment 1: Flowchart and Describe Budget Process Week 3: Budget Preparation,Justifications and Police—September 9 Bland and Rubin, Chapter 3.4 Week 4: Budget Reform, Formats and Performance Measures—September 16 Bland and Rubin: Chapter 5, 8 Assignment 2: Budget Process—Procedures and Forms Week 5: Budget Formats continued and Public Participation—September 23 Week 6: Overview of Revenues—September 30 Aronson and Schwartz: Chapter 4 pgs. 87-95 Aronson and Schwartz: Chapter 8 and 9 Assignment 3:Automated Reading& Contracted Snowplowing Analysis Week 7: Revenues cont. and Revenues Forecasting—October 7 Aronson and Schwartz: Chapter 5 Assignment 4: Forecast Property Tax&Sales Tax Week 8: Midterm—October 14 Week 9: Financial Control and Public Accounting—October 21 Bland and Rubin: Chapter 6 Aronson and Schwartz: Chapter 7 Assignment 5—Incentive Analysis Week 10:Accounting Continued—October 28 Bring in CAFR Bring Copies of Periodic Budget Reports—Staff&Council Week 11: Understanding Financial Condition—November 4 Bring in CAFR Assignment 6: Complete CAFR Analysis Week 12: Capital Budgeting—November 11 Bland and Rubin: Chapter 7 Aronson and Schwartz: Chapter 17 Assignment 7:Ambulance Cooperative Week 13: Bonds and Debt Management—November 18 Aronson and Schwartz: Chapter 12 Week 14: Pension Funds and Collective Bargaining—November 25 Aronson and Schwartz: Chapter 13 and 16 Bring CAFR"Notes"section related to pensions Week 15: Purchasing, Risk Management, and Cash Management—December 2 Aronson and Schwartz: Chapter 14 and 15 Week 16: Final—December 9 Class Guidelines http://webcourses.niu.edu/bin/conimon/content.pl?action=LIST&course id= 49881_1&ren... 9/9/2004 UNITED CITY OF YORKVILLE KENDALL COUNTY STATE OF ILLINOIS ORDINANCE NUMBER 2004- AN ORDINANCE PROVIDING FOR ISSUANCE OF UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS SPECIAL SERVICE AREA NUMBER 2004-104 CENTRAL GRANDE RESERVE SPECIAL TAX BONDS, SERIES 2004 (MPI GRANDE RESERVE PROJECT) ADOPTED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE KENDALL COUNTY STATE OF ILLINOIS The day of October, 2004 Published in pamphlet form by authority of the City Council of the United City of Yorkville, Kendall County, Illinois this day of , 2004. 011.561091.2 ORDINANCE NO.2004- AN ORDINANCE PROVIDING FOR ISSUANCE OF UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS SPECIAL SERVICE AREA NUMBER 2004-104 CENTRAL GRANDE RESERVE SPECIAL TAX BONDS, SERIES 2004 (MPI GRANDE RESERVE PROJECT) BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS: Section 1. Findings and Declarations. It is found and declared by the City Council of the United City of Yorkville, Kendall County, Illinois (the "City") as follows: a. The City has previously established Special Service Area Number 2004-104 Central Grande Reserve described more fully in Exhibit A to this Ordinance (the "Special Service Area") pursuant to Ordinance Number 2004-_ adopted on , 2004 (the "Establishing Ordinance") [as amended by Ordinance No. adopted on , 2004], the provisions of the Special Service Area Tax Law, 35 ILCS 200/27-5 et seq., as amended (the "Special Service Area Act") and the provisions of Section 7 of Article VII of the 1970 Constitution of the State of Illinois, and has otherwise complied with all other conditions precedent required by the Special Service Area Act. b. It is necessary and in the best interests of the City to provide at this time special services benefiting the Special Service Area consisting of the acquisition, construction and installation of public improvements including, but not limited to, engineering, soil testing and appurtenant work, mass grading and demolition, storm water management facilities, storm drainage systems and storm sewers, site clearing and tree removal, public water facilities, sanitary sewer facilities, erosion control measures, roads, streets, curbs, gutters, street lighting, traffic controls, sidewalks, equestrian paths and related street improvements, and equipment and materials necessary for the maintenance thereof, public parks, park improvements, bicycle paths, landscaping, wetland mitigation and tree installation, costs for land and easement acquisitions relating to any of the foregoing improvements, required tap-on and related fees for water or sanitary sewer services and other eligible costs. The City presently estimates the total cost of these Special Services together with costs of borrowing money for that purpose, funding administrative expenses and providing for necessary debt service reserves and capitalized interest (collectively, the "Costs of the Special Services") to be approximately c. The City does not have sufficient funds on hand or available from other sources with which to pay the costs of the Special Services. d. It is in the best interests of the City to issue not to exceed $ principal amount of its Special Service Area Number 2004-104 Central Grande Reserve 011.561091.2 Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) (the "Bonds") as provided in this Ordinance, to pay or provide funds for a portion of the Costs of the Special Services. e. The borrowing of the sum of not to exceed $ and the issuance of the Bonds in that amount are for purposes constituting special services in the Special Service Area under the Special Service Area Act. f. After due publication of a notice as required by the Special Service Area Act, a public hearing to consider the establishment of the Special Service Area, the issuance of the Bonds for the purpose of paying the costs of the Special Services and the manner in which the Bonds are proposed to be retired and the proposed tax levy, was held on March 23, 2004 at 7:00 p.m. No objection petition has been filed with respect to the establishment of the Special Service Area or the issuance of the Bonds within the period of time allowed pursuant to the Special Service Area Act. Section 2. Issuance of Bonds. The City shall borrow the sum of not to exceed $ by issuing the Bonds as provided in this Ordinance. The Bonds which shall be designated "United City of Yorkville, Kendall County, Illinois Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project)," and shall be issued for the purpose of providing a portion of the funds needed for the Costs of the Special Services. The Bonds shall be issued pursuant to the powers of the City pursuant to Section 7 of Article VII of the 1970 Constitution of the State of Illinois; the Special Service Area Act; and the Local Government Debt Reform Act, 30 ILCS 350/1 et seq. (the "Debt Act"). Section 3. Approval of Documents. There have been submitted to the City Council forms of the following documents relating to the issuance of the Bonds: a. a form of Trust Indenture (the "Indenture") between the City and LaSalle Bank National Association, as Trustee, to be dated as of November 1, 2004, which form of Indenture is attached as Exhibit B to this Ordinance; b. a form of Bond Purchase Agreement (the "Bond Purchase Agreement") among the City, ABN AMRO Financial Services, Inc. and William Blair & Company, L.L.C., as Underwriters (collectively, the "Underwriter"), and MPI-2 Yorkville Central LLC (the "Developer") to be dated as of the date the offer of the Underwriter to purchase the Bonds is accepted by the City, which form of Bond Purchase Agreement is attached as Exhibit C to this Ordinance; c. a form of Public Improvement Agreement between the City and the Developer, which form of Public Improvement Agreement is attached as Exhibit D to this Ordinance; d. a form of the preliminary Limited Offering Memorandum (the "Limited Offering Memorandum") used by the Underwriter in its initial offering of the Bonds, which form of Limited Offering Memorandum is attached as Exhibit E to this Ordinance; 2 011.561091.2 e. a form of the Agreement for Consulting Services by and between the Developer, David Taussig & Associates, Inc. ("Taussig") and the City which form of Agreement for Consulting Services is attached as Exhibit F to this Ordinance; and f. a form of the Agreement for Administration Services between David Taussig & Associates, Inc. and the City which form of Agreement for Administration Services is attached as Exhibit G to this Ordinance. Such documents are approved as to form and substance and the Mayor and the City Clerk of the City are authorized and directed to execute and deliver and/or authorize the use of such documents on behalf of the City in the forms submitted with such additions, deletions and completions of the same (including the establishment of the terms of the Bonds within the parameters set forth in this Ordinance) as the Mayor and the City Clerk deem appropriate; and when each such document is executed, attested, sealed and delivered on behalf of the City, as provided herein, each such document will be binding on the City; from and after the execution and delivery of each such document, the officers, employees and agents of the City are hereby authorized, empowered and directed to do all such acts and things and to execute all such additional documents as may be necessary to carry out, comply with and perform the provisions of each such document as executed; and each such document shall constitute, and hereby is made, a part of this Ordinance, and a copy of each such document shall be placed in the official records of the City, and shall be available for public inspection at the office of the City Clerk. Either the Mayor or City Clerk is authorized and directed, subject to the terms of the Bond Purchase Agreement as executed, to execute the final Limited Offering Memorandum in substantially the form of the preliminary Limited Offering Memorandum presented hereto with such changes, additions or deletions as they deem appropriate to reflect the final terms of the Bonds, the Indenture and other matters. Section 4. Bond Terms. The Bonds shall be issued as provided in the Indenture and shall be issued in the principal amount of not to exceed $ , shall be dated, shall mature, shall bear interest at the rates (not to exceed in any year [eight] percent ([8]%) per annum) and shall be subject to redemption at the times and prices as set forth in the Indenture, and shall be sold to the Underwriter at a purchase price of not less than % of the principal amount of the Bonds with an original issue discount of not to exceed % of the principal amount of the Bonds, all as set forth in the Bond Purchase Agreement. The execution and delivery of the Bond Purchase Agreement by the Mayor and the City Clerk shall evidence their approval of the terms of the Bonds set forth above. Section 5. Execution and Delivery of Bonds. The Mayor and the City Clerk are authorized and directed to execute and deliver the Bonds and, together with other Authorized Officers (as defined in the Indenture), to take all necessary action with respect to the issuance, sale and delivery of the Bonds, all in accordance with the terms and procedures specified in this Ordinance and the Indenture. The Bonds shall be delivered to the Trustee who is directed to authenticate the Bonds and deliver the Bonds to the Underwriter upon receipt of the purchase price for the Bonds. The Bonds shall be in substantially the form set forth in the Indenture. Each Bond shall be executed by the manual or facsimile signature of the Mayor and the manual or facsimile 3 011.561091.2 signature of the City Clerk and shall have the corporate seal of the City affixed to it (or a facsimile of that seal printed on it). The Mayor and the City Clerk(if they have not already done so) are authorized and directed to file with the Illinois Secretary of State their manual signatures certified by them pursuant to the Uniform Facsimile Signatures of Public Officials Act, as amended, which shall authorize the use of their facsimile signatures to execute the Bonds. Each Bond so executed shall be as effective as if manually executed. In case any officer of the City whose signature or a facsimile of whose signature shall appear on the Bonds shall cease to be such officer before authentication and delivery of any of the Bonds, that signature or facsimile signature shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. No Bond shall be valid for any purpose unless and until a certificate of authentication on that Bond substantially in the form set forth in the bond form in the Indenture shall have been duly executed by the Trustee. Execution of that certificate upon any Bond shall be conclusive evidence that the Bond has been authenticated and delivered under this Ordinance. Section 6. Bonds are Limited Obligations; Levy of Special Tax; Pledge. The Bonds shall constitute limited obligations of the City, payable from the Special Taxes (as defined below) to be levied on all taxable real property within the Special Service Area as provided below. The Bonds shall not constitute the general obligations of the City and neither the full faith and credit nor the unlimited taxing power of the City shall be pledged as security for payment of the Bonds. There are hereby levied Special Taxes upon all taxable real property within the Special Service Area in accordance with the Special Tax Roll and Report(as defined below) sufficient to pay and discharge the principal of and interest on the Bonds at maturity or mandatory sinking fund redemption dates and to pay interest on the Bonds for each year at the interest rates set forth in Section 2.4 of the Indenture (assuming an interest rate of[81% per annum) and to pay for the Administrative Expenses (as defined in the Indenture) of the City and Kendall County, if any, for each year including specifically the following amounts for the following years (the "Special Taxes"): An Amount Sufficient Year of Levy to Produce the Sum of: 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 4 011.561091.2 An Amount Sufficient Year of Levy to Produce the Sum of: 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Pursuant to the Special Tax Roll established by the Special Tax Roll and Report prepared for the Special Service Area (the "Special Tax Roll and Report"), the Special Taxes shall be computed, extended and collected in accordance with the Special Tax Roll and Report, and divided among the taxable real property within the Special Service Area in accordance with the terms of the Establishing Ordinance and the Special Tax Roll and Report. It shall be the duty of the City and the City hereby covenants, annually on or before the last Tuesday of December for each of the years 2004 through 2032 to calculate or cause the Consultant appointed pursuant to the Indenture to calculate the Special Tax Requirement (as defined in the Indenture); to amend the Special Tax Roll pursuant to Section VIII of the Special Tax Roll and Report; to adopt an ordinance approving the amount of the current calendar year's Special Tax Requirement and to abate the Special Taxes levied pursuant to this Ordinance to the extent the taxes levied pursuant to this Ordinance exceed the Special Tax Requirement as calculated by the City pursuant to the Establishing Ordinance and the Special Tax Roll and Report; and provide the County tax collector of Kendall County the amended Special Tax Roll. On or before the last Tuesday of January for each of the years 2005 through 2033 the City shall notify the Trustee and the Notice Beneficial Owners (as defined in the Indenture) of the amount of the Special Tax Requirement and the amount of the Special Taxes to be abated. The City shall take all actions which shall be necessary to provide for the levy, extension, collection and application of the taxes levied by this Ordinance, including enforcement, of such taxes as provided by law but only as set forth in Section 7(a) below. The Special Taxes levied as provided above shall be deposited in the Bond and Interest Fund created pursuant to the Indenture and are appropriated to and are irrevocably pledged to and shall be used only for the purposes set forth in Section 7.1 of the Indenture. Section 7. Special Covenants. The City covenants with the holders of the Bonds from time to time outstanding that it (i) will take all actions which are necessary to be taken (and 5 011.561091.2 avoid any actions which it is necessary to avoid being taken) so that interest on the Bonds will not be or become included in gross income for federal income tax purposes under existing law, including without limitation the Internal Revenue Code of 1986, as amended (the "Code"); (ii) will take all actions reasonably within its power to take which are necessary to be taken (and avoid taking any actions which are reasonably within its power to avoid taking and which are necessary to avoid) so that the interest on the Bonds will not be or become included in gross income for federal income tax purposes under the federal income tax laws as in effect from time to time; and (iii) will take no action or permit any action in the investment of the proceeds of the Bonds, amounts held under the Indenture or any other funds of the City which would result in making interest on the Bonds subject to federal income taxes by reason of causing the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code, or direct or permit any action inconsistent with the regulations under the Code as promulgated and as amended from time to time and as applicable to the Bonds. The Mayor, City Clerk, City Treasurer and other Authorized Officers of the City are authorized and directed to take all such actions as are necessary in order to carry out the issuance and delivery of the Bonds including, without limitation, to make any representations and certifications they deem proper pertaining to the use of the proceeds of the Bonds and other moneys held under the Indenture in order to establish that the Bonds shall not constitute arbitrage bonds as so defined. The City further covenants with the holders of the Bonds from time to time outstanding that: a. it will take all actions, if any, which shall be necessary in order further to provide for the levy, extension, collection and application of the Special Taxes imposed by or pursuant to this Ordinance or the Establishing Ordinance, including enforcement of the Special Taxes by providing the County of Kendall with such information as is deemed necessary to enable it to include the property subject to the delinquent tax in the County Collector's annual tax sale and in the event the tax lien is forfeited at such tax sale by instituting foreclosure proceedings all in the manner provided by law; provided, however, that the obligation to institute any foreclosure action shall only arise in the event the City makes the determination that the proceeds from each foreclosure action have a commercially reasonable expectation of exceeding the costs thereof; b. it will not take any action which would adversely affect the levy, extension, collection and application of the Special Taxes, except to abate the Special Taxes to the extent permitted by the Special Tax Roll and Report and as provided in this Ordinance; and c. it will comply with all present and future laws concerning the levy, extension and collection of the Special Taxes; in each case so that the City shall be able to pay the principal of and interest on the Bonds as they come due and replenish the Reserve Fund to the Reserve Requirement and it will take all actions necessary to assure the timely collection of the Special Taxes, including without limitation, the enforcement of any delinquent Special Taxes as described in paragraph(a) above. Section 8. Additional Authority. The Mayor, the City Clerk and the other officers of the City are authorized to execute and deliver on behalf of the City such other documents, 6 011.561091.2 agreements and certificates and to do such other things consistent with the terms of this Ordinance as such officers and employees shall deem necessary or appropriate in order to effectuate the intent and purposes of this Ordinance, including without limitation to make any representations and certifications they deem proper pertaining to the use of the proceeds of the Bonds in order to establish that the Bonds shall not constitute arbitrage bonds as defined in Section 7 above. Section 9. Filing of Ordinance. The City Clerk is directed to file a certified copy of this Ordinance, and an accurate map of the Special Service Area, with the County Clerk of Kendall County. Section 10. Severability. If any section, paragraph, clause or provision of this Ordinance (including any section, paragraph, clause or provision of any exhibit to this Ordinance) shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other sections, paragraphs, clauses or provisions of this Ordinance (or of any of the exhibits to this Ordinance). Section 11. Repealer; Effect of Ordinance. All ordinances, resolutions and orders or parts of ordinances, resolutions and orders in conflict with this Ordinance are repealed to the extent of such conflict. The City Clerk shall cause this Ordinance to be published in pamphlet form. This Ordinance shall be effective upon its passage and publication as provided by law. PASSED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS this day of , 2004. VOTING AYE: VOTING NAY: ABSENT: ABSTAINED: NOT VOTING: APPROVED: Mayor ATTEST: City Clerk 7 011.561091.2 N 0) O CO O 0 am 0 • • rM-F U N O O O O 0 C, rn 0 CO r+• e-t- N m O_ (D O Exhibit F 011.561091.2 N O O O O TRUST INDENTURE Between UNITED CITY OF YORKVILLE,ILLINOIS and LASALLE BANK NATIONAL ASSOCIATION, as Trustee Dated as of November 1, 2004 $ UNITED CITY OF YORKVILLE, KENDALL COUNTY,ILLINOIS SPECIAL SERVICE AREA NUMBER 2004— 104 CENTRAL GRANDE RESERVE SPECIAL TAX BONDS, SERIES 2004 (MPI GRANDE RESERVE PROJECT) 011.553839.4 Table of Contents Page ARTICLE I STATUTORY AUTHORITY AND DEFINITIONS 3 Section 1.1 Authority for this Indenture. 3 Section 1.2 Agreement for Benefit of Owners of the Bonds. 3 Section 1.3 Definitions 3 ARTICLE II BOND DETAILS 11 Section 2.1 Purpose of Issuance; Amount of Series 2004 Bonds. 11 Section 2.2 Form; Denominations;Numbers 11 Section 2.3 Date of Series 2004 Bonds; CUSIP Identification Numbers. 12 Section 2.4 Maturities; Interest Rates. 12 Section 2.5 Interest 12 Section 2.6 Form of Series 2004 Bonds; Execution; Authentication. 12 Section 2.7 Payment of the Bonds. 13 Section 2.8 Appointment of Trustee. 13 Section 2.9 Registration of Bonds; Persons Treated as Owners 13 Section 2.10 Global Form; Securities Depository. 14 ARTICLE III ADDITIONAL BONDS 15 Section 3.1 Authority to Issue Additional Bonds. 15 Section 3.2 Conditions to Issuance of Additional Bonds. 15 Section 3.3 Limitation on Use of Proceeds 17 ARTICLE IV REDEMPTION OF SERIES 2004 BONDS 17 Section 4.1 Mandatory Sinking Fund Redemption 17 Section 4.2 Optional Redemption. 18 Section 4.3 Mandatory Redemption Upon Condemnation, Completion Date and Change in Density. 18 Section 4.4 Special Mandatory Redemption from Optional Prepayment of Special Taxes. 19 Section 4.5 Redemption Provisions;Notice of Redemption. 20 Section 4.6 Purchase in Lieu of Redemption 21 ARTICLE V APPLICATION OF PROCEEDS 21 Section 5.1 Application of Proceeds. 21 ARTICLE VI SECURITY FOR THE BONDS 21 Section 6.1 Limited Obligations. 21 Section 6.2 Levy of Special Taxes 22 ARTICLE VII FUNDS AND ACCOUNTS 23 Section 7.1 Bond and Interest Fund. 23 Section 7.2 Reserve Fund. 25 011.553839.4 Section 7.3 Improvement Fund. 25 Section 7.4 Administrative Expense Fund 26 Section 7.5 Rebate Fund. 26 Section 7.6 Investment of Funds 27 ARTICLE VIII COVENANTS AND AGREEMENTS OF THE CITY 27 Section 8.1 Tax Covenants. 27 Section 8.2 Levy and Collection of Taxes. 28 Section 8.3 Proper Books and Records. 29 Section 8.4 Against Encumbrances 29 Section 8.5 No Continuing Disclosure Undertaking 29 Section 8.6 Additional Information. 30 Section 8.7 Public Infrastructure Agreement 30 ARTICLE IX DEFAULTS AND REMEDIES 30 Section 9.1 Events of Default. 30 Section 9.2 Remedies. 31 Section 9.3 Notice of Default 31 Section 9.4 Termination of Proceedings by Trustee 32 Section 9.5 Right of Bondholders to Control Proceedings. 32 Section 9.6 Right of Bondholders to Institute Suit. 32 Section 9.7 Suits by Trustee 32 Section 9.8 Remedies Cumulative. 33 Section 9.9 Waiver of Default. 33 Section 9.10 Application of Moneys After Default. 33 ARTICLE X TRUSTEE 34 Section 10.1 Appointment of the Trustee. 34 Section 10.2 Performance of Duties. 34 Section 10.3 Instruments Upon Which Trustee May Rely. 35 Section 10.4 Trustee not Responsible for Recitals and Other Matters. 36 Section 10.5 Trustee May Acquire Bonds. 36 Section 10.6 Qualification of Trustee. 36 Section 10.7 Resignation or Removal of Trustee and Appointment of Successor. 37 Section 10.8 Concerning the Successor Trustee. 38 Section 10.9 Monthly Statements. 38 ARTICLE XI SUPPLEMENTAL INDENTURES 39 Section 11.1 Supplemental Indentures Not Requiring Consent of Bondholders 39 Section 11.2 Supplemental Indentures Requiring Consent of Bondholders. 40 Section 11.3 Supplemental Indenture to Modify this Indenture. 41 Section 11.4 Trustee May Rely Upon Opinion of Counsel Re: Supplemental Indenture. 41 Section 11.5 Notation 41 Section 11.6 Opinion of Bond Counsel. 41 ii 011.553839.4 ARTICLE XII DEFEASANCE 42 Section 12.1 Defeasance. 42 ARTICLE XIII MISCELLANEOUS 43 Section 13.1 Severability. 43 Section 13.2 Notices. 44 Section 13.3 Holidays. 45 Section 13.4 Execution of Counterparts. 45 Section 13.5 Applicable Law. 45 Section 13.6 Immunity of Officers, Employees, Elected Officials of City. 45 EXHIBITS Exhibit A Legal Description of Special Service Area Exhibit B Form of Series 2004 Bond Exhibit C Form of Satisfaction of Tax Lien Exhibit D Form of Disbursement Request Exhibit E Form of Continuing Disclosure Agreement 011.553839.4 TRUST INDENTURE THIS TRUST INDENTURE (the "Indenture") is made and entered into as of May 1, 2004, by and between the United City of Yorkville, Illinois, a municipal corporation organized and existing under and by virtue of the Constitution and laws of the State of Illinois (the "City"), and LaSalle Bank National Association, a national banking association, as Trustee (the "Trustee"). WITNESSETH: WHEREAS, by Ordinance Number 2004- - adopted on September 14, 2004 as amended by an Ordinance adopted on , 2004 (collectively, the "Establishing Ordinance") the City has established the"United City of Yorkville Special Service Area Number 2004-104 Central Grande Reserve" as further described in Exhibit A to this Indenture (the "Special Service Area"); and WHEREAS, pursuant to Ordinance Number adopted on , 2004 (the "Bond Ordinance") and pursuant to the Special Service Area Tax Law, 35 ILCS 200/27-5 et seq. (the "Special Service Area Act") it was determined in the best interests of the City to issue not to exceed $ principal amount of the United City of Yorkville Special Service Area Number 2004-104 Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) (the "Series 2004 Bonds") for the purpose of providing a portion of the funds needed for costs of the Special Services (defined below); and WHEREAS, the Bond Ordinance authorized the Mayor and City Clerk to establish certain specific terms of the Series 2004 Bonds by executing and delivering a Bond Purchase Agreement with the Purchaser(defined below); and WHEREAS, pursuant to the terms so established the City will issue $ principal amount of Series 2004 Bonds upon the terms specified in this Indenture; and WHEREAS, this Indenture also authorizes the issuance of certain Additional Bonds (as defined herein) to complete the Special Services, which Additional Bonds will have a series designation, will be in an aggregate principal amount and shall have such other terms as are set forth in a Supplemental Indenture (as defined herein); and WHEREAS, it is in the public interest and for the benefit of the City, the Special Service Area and the owners of the Bonds that the City enter into this Indenture to provide for the issuance of the Bonds, the disbursement of proceeds of the Bonds, the deposit of the special taxes levied pursuant to the Bond Ordinance securing the Bonds, and the administration and payment of the Bonds; and WHEREAS, all things necessary to cause the Bonds, when executed by the City and issued as provided in the Special Service Area Act, the Local Government Debt Reform Act (as defined below), the Bond Ordinance and this Indenture, to be legal, valid and binding and special obligations of the City in accordance with their terms, and all things necessary to cause the creation, authorization, execution and delivery of this Indenture and the creation, authorization, 011.553839.4 execution and issuance of the Bonds, subject to the terms of this Indenture, have in all respects been duly authorized; NOW, THEREFORE, THIS TRUST INDENTURE WITNES SETH: GRANTING CLAUSES That the City in consideration of the premises, the acceptance by the Trustee of the trusts created hereby and the purchase and acceptance of the Bonds by the owners thereof, and of the sum of one dollar, lawful money of the United States of America, to it duly paid by the Trustee at or before the execution and delivery of these presents, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, in order to secure the payment of the principal of, premium, if any, and interest on the Bonds according to their tenor and effect, and to secure the performance and observance by the City of all the covenants expressed or implied herein and in the Bonds, does hereby pledge and assign, and grant a security interest in, the following (the "Trust Estate") to LaSalle Bank National Association, as Trustee, and its successors in trust and assigns forever, for the securing of the performance of the obligations of the City hereinafter set forth; GRANTING CLAUSE FIRST All right, title and interest of the City in and to the Special Taxes and any monies held under this Indenture by the Trustee, including the proceeds of the Bonds and the interest, profits and other income derived from the investment thereof other than amounts held by the Trustee in the Administrative Expense Fund and the Rebate Fund; GRANTING CLAUSE SECOND All funds, monies, property and security and any and all other rights and interests in property whether tangible or intangible from time to time hereafter by delivery or by writing of any kind, conveyed, mortgaged, pledged, assigned or transferred as and for additional security hereunder for the Bonds by the City or by anyone on its behalf or with its written consent to the Trustee, which is hereby authorized to receive any and all such property at any and all times and to hold and apply the same subject to the terms hereof; TO HAVE AND TO HOLD, all and singular the Trust Estate, whether now owned or hereafter acquired, unto the Trustee and its respective successors in said trust and assigns forever; IN TRUST NEVERTHELESS, upon the terms and trust herein set forth for the equal and proportionate benefit, security and protection of all present and future owners of the Bonds from time to time issued under and secured by this Indenture without privilege, priority or distinction as to the lien or otherwise of any of the Bonds over any of the other Bonds (except as otherwise provided herein); PROVIDED, HOWEVER, that if the City, its successors or assigns, shall pay, or cause to be paid, the principal of, premium, if any, and interest on the Bonds due or to become due 2 011.553839.4 thereon, at the times and in the manner mentioned in the Bonds according to the true intent and meaning thereof, and shall cause the payments to be made on the Bonds as required under this Indenture, or shall provide, as permitted hereby, for the payment thereof by depositing with the Trustee the entire amount due or to become due thereon and shall cause to be kept, performed and observed all of its covenants and conditions pursuant to the terms of this Indenture, and shall pay or cause to be paid all sums of money due or to become due in accordance with the terms and provisions hereof, then upon the final payment thereof, this Indenture and the rights hereby granted shall cease, determine and be void; otherwise this Indenture is to be and remain in full force and effect. THIS INDENTURE OF TRUST FURTHER WITNESSETH, and it is expressly declared, that all Bonds issued and secured hereunder are to be issued, authenticated and delivered and all said property, rights and interests, and amounts hereby assigned and pledged are to be dealt with and disposed of under, upon and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes as herein expressed, and the City has agreed and covenanted, and does hereby agree and covenant with the Trustee and with the respective owners of the Bonds as follows: ARTICLE I STATUTORY AUTHORITY AND DEFINITIONS Section 1.1 Authority for this Indenture. This Indenture is entered into pursuant to the powers of the City pursuant to Part 6 of Section 7 of Article VII of the 1970 Constitution of the State of Illinois and pursuant to the respective provisions of the Special Service Area Act, the Local Government Debt Reform Act and the Bond Ordinance. Section 1.2 Agreement for Benefit of Owners of the Bonds. The provisions, covenants and agreements to be performed by or on behalf of the City under this Indenture shall be for the equal benefit, protection and security of the Bondholders except as otherwise expressly provided herein. All of the Bonds, without regard to the time or times of their issuance or maturity, shall be of equal rank without preference, priority or distinction of any of the Bonds over any other of the Bonds, except as expressly provided in or permitted by this Indenture. The Trustee may become the owner of any of the Bonds in its own or any other capacity with the same rights it would have if it were not the Trustee. Section 1.3 Definitions. Unless the context otherwise requires, the terms defined in this Section 1.3 shall, for all purposes of the Indenture, of any Supplemental Indenture, and of any certificate, opinion or other document mentioned in this Indenture, have the meanings specified below. All references in this Indenture to "Articles," "Sections" and other subdivisions are to the corresponding Articles, Sections or subdivisions of this Indenture, and the words "herein," "hereof," "hereunder" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or subdivision of this Indenture. "Additional Bonds" means any series of Bonds other than the Series 2004 Bonds issued under this Indenture pursuant to Article III. 3 011.553839.4 "Administrative Expenses" means the following actual or reasonably estimated costs permitted in accordance with the Special Service Area Act and directly related to the administration of the Special Service Area and the Bonds as determined by the City or the Consultant on its behalf: the costs of computing the Special Taxes and of preparing the annual Special Taxes collection schedules; the costs of collecting the Special Taxes (whether by the City, the County or otherwise), the costs of remitting the Special Taxes to the Trustee; the costs of the Trustee and any fiscal agent (including its legal counsel) in the discharge of the duties required of it under this Indenture or any trustee or fiscal agent agreement; the costs of the Rebate Consultant; the costs of the City or its designee in complying with disclosure requirements of applicable federal and state securities laws and of the Special Service Area Act, including, but not limited to, public inquiries regarding the Special Taxes; any termination payments owed by the City in connection with any guaranteed investment contract, forward purchase agreement or other investment of funds held under this Indenture; the costs of obtaining or maintaining a rating on the Bonds; the costs associated with the release of funds from any escrow account or fund held under this Indenture; and amounts advanced by the City for any other administrative purposes of the Special Service Area, including the costs of computing Special Tax prepayment amounts, recordings related to the prepayment, discharge or satisfaction of Special Taxes; the costs of commencing foreclosure and pursuing collection of delinquent Special Taxes and the reasonable fees of legal counsel of the City or the Trustee incurred in connection with any of the foregoing. "Administrative Expense Fund" means the fund by that name established pursuant to Section 7.4 of this Indenture. "Authorized Denomination" means (i) initially denominations of $100,000 and integral multiples of$1,000 in excess thereof and (ii) denominations of$5,000 and integral multiples of $1,000 in excess thereof from and after such time as the conditions set forth in Section 2.2 of this Indenture have been complied with for the exchange of Bonds in minimum denominations of $5,000. "Authorized Newspaper" means a financial newspaper of general circulation in the Borough of Manhattan, City and State of New York (including, at such times as they are published, The New York Times, The Wall Street Journal and The Bond Buyer) which is customarily published at least once a day for at least five (5) days (other than legal holidays) in each calendar week,printed in the English language. "Authorized Officer" means the Mayor, the Finance Director, the City Treasurer or any other officer designated as such pursuant to a certificate of the Mayor delivered to the Trustee. "Beneficial Owner" means, when the Bonds are in a book-entry system, any person who acquires a beneficial ownership interest in a Bond held by DTC. For purposes of the Sections of this Indenture requiring notice to or communications with Beneficial Owners (including, without limitation, Section 10.9) the Trustee, the Bond Registrar and the City shall be entitled to treat as Beneficial Owners only such persons or entities that provide notice of their beneficial ownership of the Bonds in writing to the Trustee and the City at least three Business Days prior to the date upon which any notice or communication must be given by the Trustee, the Bond Registrar or the City under this Indenture. Such notice shall be in form together with evidence of beneficial 4 011.553839.4 ownership satisfactory to the Trustee, the Bond Registrar and the City and shall include the name of the Beneficial Owner, the address of the Beneficial Owner(which shall also include a delivery address if a post office box is given) and the principal amount of Bonds in which the Beneficial Owner has a beneficial ownership interest. The Trustee, the Bond Registrar and the City may rely on any notice so given until such time as it is revoked or amended by subsequent written notice to the Trustee and the City. The Beneficial Owners of the Bonds are acknowledged to be the Notice Beneficial Owners until the Trustee, the Bond Registrar and the City are notified to the contrary. "Bond and Interest Fund" means the fund by that name established pursuant to Section 7.1 of this Indenture. "Bond Registrar" means LaSalle Bank National Association and its successors or assigns. "Bondholder" means the person in whose name such Bond is registered in the bond register maintained by the Bond Registrar. "Bonds" means the Series 2004 Bonds and any Additional Bonds authorized to be issued by Article III hereof and issued pursuant to a Supplemental Indenture. "Business Day" means a day on which banks in Chicago, Illinois, and New York, New York are open to transact business. "City"means the United City of Yorkville, Kendall County, Illinois. "Code" means the Internal Revenue Code of 1986, as amended. "Completion Date"has the meaning set forth in Section 7.3 of this Indenture. "Concept Plan" has the meaning set forth in the Special Tax Report. "Consultant" means David Taussig & Associates, Inc. and its successors and assigns or any other firm selected by the City to assist it in administering the Special Service Area and the extension and collection of Special Taxes pursuant to the Special Tax Report. "Consulting Services Agreement" means the Agreement For Consulting Services between the City and the Consultant. "Corporate Authorities" means the City Council of the City. "County"means Kendall County, Illinois. "Defeasance Securities" means any bond or other obligations which, as to both principal and interest, constitute direct obligations of, or the timely payment of which are unconditionally guaranteed by, the United States of America, and any certificates or any other evidences of an ownership interest in obligations or in specified portions thereof(which may consist of specified portions of the interest thereon) of the character described in this definition. 5 011.553839.4 "Depository Participant" shall have the meaning given that term in Section 2.10 of this Indenture. "Developer" means MPI-2 — Central LLC, an Illinois limited liability company and its successors and assigns. "Disbursement Request" means a request from the City signed by an Authorized Officer requesting a disbursement of amounts held in the Improvement Fund. "DTC"means The Depository Trust Company,New York, New York. "Establishing Ordinance" means Ordinance Number adopted on September 14, 2004 as amended by Ordinance No. adopted on , 2004 by the Corporate Authorities. "Event of Default" shall have the meaning given that term in Section 9.1 of this Indenture. "Foreclosure Proceeds" means the proceeds of any redemption or sale of property in the Special Service Area sold as the result of a foreclosure action of the lien of the Special Taxes. "Government Securities" means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of the United States of America and all securities and obligations, the prompt payment of principal of and interest on which is guaranteed by a pledge of the full faith and credit of the United States of America. "Improvement Fund" means the fund by that name established pursuant to Section 7.3 of this Indenture. "Indenture" means this Trust Indenture dated as of November 1, 2004 between the City and the Trustee, as amended and supplemented from time to time. "Indirect Participant" shall have the meaning given that term in Section 2.10 of this Indenture. "Interest Payment Date" means, with respect to the Bonds, March 1 and September 1 of each year, commencing, with respect to the Series 2004 Bonds, on March 1, 2005. "Letter of Representations" means the Blanket Issuer Letter of Representations dated from the City to DTC, as amended from time to time. "Local Government Debt Reform Act" means the Local Government Debt Reform Act, 30 ILCS §350/1 et seq., as amended. "Maximum Parcel Special Tax" shall have the meaning given that term in the Special Tax Report. 6 011.553839.4 "Notice Beneficial Owners" means any Beneficial Owners of the Bonds owning $500,000 or more aggregate principal amount of the Bonds who have given written notice to the Trustee that they are a Notice Beneficial Owner. "Parcel" shall have the meaning given that term in the Special Tax Report. "Penalty" shall have the meaning given that term in Section 8.1(c) of this Indenture. "Preliminary Plat"has the meaning set forth in the Special Tax Report. "Public Infrastructure Agreement" means the Public Infrastructure Agreement between the Developer and the City. "Purchase Contract" means the Bond Purchase Agreement dated , 2004 among the Purchaser, the City and the Developer. "Purchaser" means LaSalle Capital Markets, A Division of ABN AMRO Financial Services, Inc. and William Blair & Company, L.L.C. "Qualified Investments" means, to the extent permitted by then applicable Illinois law, the following: (a) bonds, notes, certificates of indebtedness, treasury bills or other securities which are guaranteed by the full faith and credit of the United States of America as to principal and interest; (b) bonds, notes, debentures, or other similar obligations of the United States of America or its agencies, including (i) federal land banks, federal intermediate credit banks, banks for cooperative, federal farm credit banks, or any other entity authorized to issue debt obligations under the Farm Credit Act of 1971 (12 U.S.C. 2001 et seq.); (ii) the federal home loan banks and the federal home loan mortgage corporation; and (iii) any other agency created by Act of Congress; (c) interest bearing obligations of any county, township, city, village, incorporated town, municipal corporation or school district, which obligations are registered in the name of the City or held under a custodial agreement at a bank, if such obligations at the time of purchase are in one of the two highest general classifications established by a rating service of nationally recognized expertise in rating bonds of states and their political subdivisions; (d) interest bearing certificates of deposit, interest bearing savings accounts, interest bearing time deposits, or other investments constituting direct obligations of any bank as defined by the Illinois Banking Act which are insured by the Federal Deposit Insurance Corporation; (e) repurchase agreements of government securities which are subject to the Government Securities Act of 1986. The government securities, unless registered or 7 011.553839.4 inscribed in the name of the City, shall be purchased through banks or trust companies authorized to do business in the State of Illinois; (f) repurchase agreements (other than those described in clause (e) of the definition of"Qualified Investments") meeting the following requirements: (i) the securities, unless registered or inscribed in the name of the City, are purchased through banks or trust companies authorized to do business in the State of Illinois; (ii) an Authorized Officer after ascertaining which firm will give the most favorable rate of interest, directs the custodial bank to "purchase' specified securities from a designated institution. The "custodial bank" is the bank or trust company, or agency of government, which acts for the City in connection with repurchase agreements involving the investment of funds by the City. The State Treasurer may act as custodial bank for the City; (iii) a custodial bank must be a member bank of the Federal Reserve System or maintain accounts with member banks. All transfers of book-entry securities must be accomplished on a Reserve Bank's computer records through a member bank of the Federal Reserve System. These securities must be credited to the City on the records of the custodial bank and the transaction must be confirmed in writing to the City by the custodial bank; (iv) trading partners shall be limited to banks or trust companies authorized to do business in the State of Illinois or to registered primary reporting dealers; (v) the security interest must be perfected; (vi) the City must enter into a written master repurchase agreement which outlines the basic responsibilities and liabilities of both buyer and seller; (vii) the repurchase agreement shall be for periods of 330 days or less; (viii) the Authorized Officer must inform the custodial bank in writing of the maturity details of the repurchase agreement; (ix) the custodial bank must take delivery of and maintain the securities in its custody for the account of the City and confirm the transaction in writing to the City. The custodial undertaking shall provide that the custodian takes possession of the securities exclusively for the City; that the securities are free of any claims against the trading partner; and any claims by the custodian are subordinate to the City's claims to rights to those securities; (x) the obligations purchased by the City may only be sold or presented for redemption or payment by the fiscal agent bank or trust company 8 011.553839.4 holding the obligations upon the written instruction of the City or Authorized Officer; and (xi) the custodial bank shall be liable to the City for any monetary loss suffered by the City due to the failure of the custodial bank to take and maintain possession of such securities; (g) short-term obligations of corporations organized in the United States with assets exceeding $500,000,000 if(i) such obligations are rated at the time of purchase in one of the three highest rating categories by at least two standard rating services and which mature not later than 180 days from the date of purchase, (ii) such purchases do not exceed 10% of the corporation's outstanding obligations and (iii) no more than one- third of the City's funds are invested in short-term obligations of such corporation as evidenced by a certificate from an Authorized Officer; and (h) money market mutual funds registered under the Investment Company Act of 1940 as amended invested solely in obligations listed in paragraph (a) and (b) above and in agreements to repurchase such obligations; together with such other investments as shall from time to time be lawful for the investment of City funds and shall be approved by the holders of fifty-one percent (51%) of aggregate principal amount of Bonds outstanding. "Rebate Consultant" means an entity selected by the City expert in the calculation of rebate amounts pursuant to Section 148 of the Internal Revenue Code of 1986, as amended. If at any time the Rebate Consultant resigns or is removed, and the City shall not have appointed a successor within 30 days, the Rebate Consultant shall be an entity selected by the Trustee. "Rebate Fund" means the fund by that name established pursuant to Section 7.5 of this Indenture. "Rebate Requirement" shall have the meaning given that term in Section 8.1(b) of this Indenture. "Record Date"means the fifteenth day of the month preceding an Interest Payment Date. "Reserve Fund" means the fund by that name created pursuant to Section 7.2 of this Indenture. "Reserve Fund Credit" shall have the meaning given that term in Section _ of the Special Tax Report. "Reserve Requirement" means as of any particular date of calculation, an amount equal to the sum of all amounts established as Series Reserve Requirements in this Indenture and any Supplemental Indenture authorizing Additional Bonds. The Trustee may rely on a certificate from the City or the Consultant which states the Reserve Requirements as of the date of this certificate. 9 011.553839.4 "Series Reserve Requirements" means with respect to the Series 2004 Bonds the Series 2004 Reserve Requirement and with respect to Additional Bonds the amount established by a Supplemental Indenture as the reserve requirement for such Additional Bonds while the Bonds are outstanding and which shall equal the lesser of(i) 10% of the stated principal amount of the issue, (ii) the maximum annual principal and interest requirements on the issue or (iii) 125% of the average annual principal and interest requirements on the issue, as adjusted for prepayments as set forth in Section 7.1 of this Indenture. "Series 2004 Bonds" means the City's Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) in the aggregate principal amount of$ "Series 2004 Capitalized Interest Account" means the account by that name established pursuant to Section 7.1 of this Indenture. "Series 2004 Costs of Issuance Account" means the account by that name established pursuant to Section 7.3 of this Indenture. "Series 2004 Improvement Account" means the account by that name established pursuant to Section 7.3 of this Indenture. "Series 2004 Reserve Requirement" shall have the meaning given that term in Section 7.2 of this Indenture. "Special Redemption Account" means the account by that name established pursuant to Section 7.1 of this Indenture. "Special Service Area" means United City of Yorkville Special Service Area Number 2004-104 Central Grande Reserve, described more fully in Exhibit A to this Indenture. "Special Service Area Act" means the Special Service Area Tax Law, 35 ILCS §200/27-5 et seq., as amended. "Special Services" means the improvements benefiting the Special Service Area consisting of engineering, soil testing and appurtenant work, mass grading and demolition, storm water management facilities, storm drainage systems and storm sewers, site clearing and tree removal, public water facilities, sanitary sewer facilities, erosion control measures, roads, streets, curbs, gutters, street lighting, traffic controls, sidewalks, equestrian paths and related street improvements, and equipment and materials necessary for the maintenance thereof, public parks, park improvements, bicycle paths, landscaping, wetland mitigation and tree installation, costs for land and easement acquisitions relating to any of the foregoing improvements, required tap-on and related fees for water or sanitary sewer services and other eligible costs to serve the Special Service Area. Special Services are referred to as the Public Improvements in the Public Infrastructure Agreement. "Special Taxes" means the taxes levied by the City on all taxable real property within the Special Service Area pursuant to the Special Tax Roll and this Indenture. 10 011.553839.4 "Special Tax Report" means the United City of Yorkville Special Service Area Number 2004-104 Central Grande Reserve Special Tax Roll and Report prepared by the Consultant. "Special Tax Requirement" means the "Special Tax Requirement" as defined in the Special Tax Report, provided that credit may be given for any amounts on deposit in the Funds and Accounts created by this Indenture and available to pay the Special Tax Requirement. "Special Tax Roll" means the special tax roll for the payment of the Bonds established and amended from time to time pursuant to the Special Tax Report. "Supplemental Indenture" means an indenture adopted by the Corporate Authorities of the City as provided in Article XI hereof which amends or supplements this Indenture. "Tax Agreement" or "Tax Agreements" means the Tax Compliance Certificate and Agreement of the City dated the date of issuance and delivery of the Series 2004 Bonds, as amended from time to time. "Trustee" means LaSalle Bank National Association, Chicago, Illinois and its successors and assigns. ARTICLE II BOND DETAILS Section 2.1 Purpose of Issuance; Amount of Series 2004 Bonds. The sum of $ shall be borrowed by the City pursuant to the Special Service Area Act and the Local Government Debt Reform Act for the purpose of funding a portion of the costs of the Special Services, including the costs of the City in connection with the issuance of the Series 2004 Bonds, deposits to the Reserve Fund and the Administrative Expense Fund and interest on the Series 2004 Bonds through 1, 200 . In evidence of such borrowing, Series 2004 Bonds in the aggregate principal amount of $ shall be issued as provided in this Indenture. The total principal amount of bonds that may be issued pursuant to this Indenture is Section 2.2 Form; Denominations; Numbers. The Series 2004 Bonds shall be issued only in fully registered form without coupons initially in the denominations of $100,000 and integral multiples of $1,000 in excess of that sum. At such time as the Developer certifies in writing to the City and the Trustee that (i) not less than a combined total of 1,245 single family homes, townhomes and duplexes have been sold and conveyed to homeowners, or (ii) a combined total of 1,245 single family homes, townhomes and duplexes have been sold and conveyed to homeowners and no Additional Bonds have been issued, Bonds may be exchanged for new Bonds of the same aggregate principal amount and maturity in minimum denominations of$5,000 and integral multiples of$1,000 in excess thereof. Prior to any such exchange the City shall have executed a Continuing Disclosure Agreement substantially in the form of Exhibit E hereto with such changes thereto as are deemed necessary by the City and its counsel in order to comply with federal securities laws including Rule 15c2-12 promulgated by the Securities and Exchange Commission as in effect on the date of such exchange or any successor thereto. The 11 011.553839.4 Series 2004 Bonds shall be designated "Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project)" and shall be numbered consecutively from R-1 upward but need not be authenticated or delivered in consecutive order. Section 2.3 Date of Series 2004 Bonds; CUSIP Identification Numbers. The Series 2004 Bonds shall be dated as of the date of delivery of the Series 2004 Bonds to the Purchaser upon original issuance. CUSIP identification numbers shall be imprinted on the Series 2004 Bonds, provided that any failure on the part of the City or the Trustee to use such CUSIP numbers in any notice to any Bondholders shall not constitute an Event of Default or any violation of the City's contract with such Bondholders and shall not impair the effectiveness of such notice. Section 2.4 Maturities; Interest Rates. The Series 2004 Bonds shall mature and become payable on March 1 in the years and in the amounts and shall bear interest at the rates set forth below: Year Amount Interest Rate 2034 $ Section 2.5 Interest. The Series 2004 Bonds shall bear interest at the rate set forth in Section 2.4 payable on the Interest Payment Dates in each year with the first Interest Payment Date being March 1, 2005. Interest on the Series 2004 Bonds shall be calculated on the basis of a 360 day year composed of twelve 30-day months. Each Bond shall bear interest from the Interest Payment Date next preceding the date of authentication of such Bond unless (i) it is authenticated on an Interest Payment Date, in which event it shall bear interest from such date of authentication, or (ii) it is authenticated prior to an Interest Payment Date and after the close of business on the Record Date preceding such Interest Payment Date, in which event it shall bear interest from such Interest Payment Date, or (iii) it is authenticated prior to the Record Date preceding the first Interest Payment Date, in which event it shall bear interest from its dated date; provided, however, that if at the time of authentication of a Bond, interest is in default on such Bond, such Bond shall bear interest from the Interest Payment Date to which interest had previously been paid or made available for payment on such Bond. Section 2.6 Form of Series 2004 Bonds; Execution; Authentication. The Series 2004 Bonds shall be in substantially the form set forth in Exhibit B to this Indenture. Each Bond shall be executed by the manual or facsimile signature of the Mayor and the manual or facsimile signature of the City Clerk and shall have the corporate seal of the City affixed to it (or a facsimile of that seal printed on it). The Mayor and the City Clerk (if they have not already done so) are authorized and directed to file with the Illinois Secretary of State their manual signatures certified by them pursuant to the Uniform Facsimile Signatures of Public Officials Act, as amended, which shall authorize the use of their facsimile signatures to execute the Bonds. Each Bond so executed shall be as effective as if manually executed. In case any officer of the City whose signature or a facsimile of whose signature shall appear on the Bonds shall cease to be such officer before authentication and delivery of any of the Bonds, that signature or facsimile signature shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. 12 011.553839.4 No Bond shall be valid for any purpose unless and until a certificate of authentication on that Bond substantially in the form set forth in the bond form in Exhibit B to this Indenture shall have been duly executed by the Trustee appointed by this Indenture as authenticating agent of the City. Execution of that certificate upon any Bond shall be conclusive evidence that the Bond has been authenticated and delivered under this Indenture. Section 2.7 Payment of the Bonds. The Bonds shall be payable in lawful money of the United States at the office of the Trustee. The principal of each Bond shall be payable at maturity upon presentment of the Bond at the office of the Trustee. Interest on each Bond shall be payable on each Interest Payment Date by check or draft of the Trustee mailed to the person in whose name that Bond is registered on the books of the Bond Registrar at the close of business on the Record Date. During such time as the Bonds are registered so as to participate in a securities depository system with DTC, principal of and interest and redemption premium on each Bond shall be payable by wire transfer pursuant to instructions from DTC. Section 2.8 Appointment of Trustee. LaSalle Bank National Association is appointed Trustee and Bond Registrar for the Bonds. Section 2.9 Registration of Bonds; Persons Treated as Owners. The Bonds shall be negotiable, subject to the following provisions for registration and registration of transfer. The City shall maintain books for the registration of the Bonds at the office of the Bond Registrar. Each Bond shall be fully registered on those books in the name of its owner, as to both principal and interest. Transfer of each Bond shall be registered only on those books upon surrender of that Bond to the Bond Registrar by the registered owner or his or her attorney duly authorized in writing together with a written instrument of transfer satisfactory to the Bond Registrar duly executed by the registered owner or his or her duly authorized attorney. Upon surrender of a Bond for registration of transfer, the City shall execute, the Trustee shall authenticate, and the Bond Registrar shall deliver, in the name of the transferee, one or more new Bonds of the same aggregate principal amount and of the same maturity as the Bond surrendered. Bonds may be exchanged, at the option of the registered owner, for an equal aggregate principal amount of Bonds of the same maturity of any other Authorized Denominations, upon surrender of those Bonds at the office of the Bond Registrar with a written instrument of transfer satisfactory to the Bond Registrar duly executed by the registered owner or his or her duly authorized attorney. In all cases in which the privilege of exchanging or transferring Bonds is exercised, the City shall execute, the Trustee shall authenticate, and the Bond Registrar shall deliver, Bonds in accordance with the provisions of this Indenture. All Bonds surrendered in any exchange or transfer shall be canceled immediately by the Bond Registrar. For every exchange or registration of transfer of Bonds, the City or the Bond Registrar may make a charge sufficient to reimburse it for any tax, fee or other governmental charge, other than one imposed by the City, required to be paid with respect to that exchange or registration of transfer, and payment of that charge by the person requesting exchange or registration of transfer shall be a condition precedent to that exchange or registration of transfer. No other charge may 13 011.553839.4 be made by the City or the Bond Registrar as a condition precedent to exchange or registration of transfer of any Bond. The Bond Registrar shall not be required to exchange or register the transfer of any Bond following the close of business on the 15th day of the month preceding any Interest Payment Date on such Bond, nor to transfer or exchange any Bond after notice calling such Bond for redemption has been mailed, nor during a period of 15 days next preceding mailing of a notice of redemption of any Bonds. The City, the Trustee and the Bond Registrar may treat the registered owner of any Bond as its absolute owner, whether or not that Bond is overdue, for the purpose of receiving payment of the principal of or interest on that Bond and for all other purposes, and neither the City, the Bond Registrar nor the Trustee shall be affected by any notice to the contrary. Payment of the principal of and interest on each Bond shall be made only to its registered owner, and all such payments shall be valid and effective to satisfy the obligation of the City on that Bond to the extent of the amount paid. Section 2.10 Global Form; Securities Depository. It is intended that the Bonds be registered so as to participate in a securities depository system with DTC, as set forth herein. The Bonds shall be initially issued in the form of a single fully registered Bond for each of the maturities as established in Section 2.4 of this Indenture with respect to the Series 2004 Bonds and as established in a Supplemental Indenture with respect to any Additional Bonds. Upon initial issuance, the ownership of the Bonds shall be registered in the name of Cede & Co., or any successor thereto, as nominee for DTC. The City and the Trustee are authorized to execute and deliver such letters to or agreements with DTC as shall be necessary to effectuate the securities depository system of DTC, including the Letter of Representations. With respect to Bonds registered in the name of Cede & Co., as nominee of DTC, the City, the Bond Registrar and the Trustee shall have no responsibility or obligation to any broker-dealer, bank or other financial institution for which DTC holds Bonds from time to time as securities depository (each such broker-dealer, bank or other financial institution being referred to herein as a "Depository Participant") or to any person on behalf of whom such a Depository Participant holds an interest in the Bonds (each such person being herein referred to as an "Indirect Participant"). Without limiting the immediately preceding sentence, the City, the Bond Registrar and the Trustee shall have no responsibility or obligation with respect to (a) the accuracy of the records of DTC, Cede & Co., or any Depository Participant with respect to the ownership interest in the Bonds, (b) the delivery to any Depository Participant or any Indirect Participant or any other person, other than a registered owner of a Bond, of any notice with respect to the Bonds, including any notice of redemption or (c) the payment to any Depository Participant or Indirect Participant or any other person, other than a registered owner of a Bond, of any amount with respect to principal of, premium, if any, or interest on, the Bonds. Notwithstanding the foregoing, the City, the Bond Registrar and the Trustee shall have those obligations and responsibilities set forth in this Indenture with respect to Beneficial Owners and Notice Beneficial Owners who have provided notice of their beneficial ownership to the City, the Bond Registrar and the Trustee as set forth in the definition of Beneficial Owner. While in the securities depository system of DTC, no person other than Cede & Co., or any successor thereto, as nominee for DTC, shall receive a Bond certificate with respect to any Bond. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and 14 011.553839.4 subject to the provisions of this Indenture with respect to the payment of interest by the mailing of checks or drafts to the registered owners of Bonds at the close of business on the record date applicable to any interest payment date, the name "Cede & Co." in this Indenture shall refer to such new nominee of DTC. In the event that (a) the Trustee determines that DTC is incapable of discharging its responsibilities described herein and in the Letter of Representations, (b) the Letter of Representations shall be terminated for any reason or (c) the City determines that it is in the best interests of the Beneficial Owners of the Bonds that they be able to obtain certificated Bonds, the City shall notify DTC of the availability through DTC of Bond certificates and the Bonds shall no longer be restricted to being registered in the name of Cede & Co., as nominee of DTC. At that time, the City may determine that the Bonds shall be registered in the name of and deposited with a successor depository operating a securities depository system, as may be acceptable to the City or such depository's agent or designee, and if the City does not select such alternate securities depository system then the Bonds may be registered in whatever name or names registered owners of Bonds transferring or exchanging Bonds shall designate, in accordance with the provisions hereof. Notwithstanding any other provisions of this Indenture to the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal of, premium, if any, and interest on the Bonds and all notices with respect to the Series shall be made and given, respectively, in the manner provided in the Letter of Representations. ARTICLE III ADDITIONAL BONDS Section 3.1 Authority to Issue Additional Bonds. The City may issue Additional Bonds in an amount not to exceed $ , to be established in a Supplemental Indenture,to pay for additional special services as permitted by the Special Service Area Act. Any Additional Bonds shall be on a parity with the Series 2004 Bonds with respect to the Special Taxes and the amounts on deposit in the Bond and Interest Fund, the Reserve Fund and the Improvement Fund; provided, that nothing herein shall prevent payment of principal of and interest on any series of Additional Bonds from being otherwise secured and protected from sources or by property or instruments not applicable to the Series 2004 Bonds. Section 3.2 Conditions to Issuance of Additional Bonds. Before the Trustee shall authenticate and deliver any Additional Bonds, the Trustee shall receive the following items: (a) Original executed counterparts of any amendments or supplements to this Indenture entered into in connection with the issuance of the Additional Bonds, which are necessary or advisable, in the opinion of bond counsel, to provide that the Additional Bonds will be issued in compliance with the provisions of this Indenture and which shall set forth the following information: (i) the Series Reserve Requirement for such series of Additional Bonds; (ii) the authorized principal amounts; (iii) interest rates or method of determining the interest rates; (iv) the denominations; (v) the redemption provisions and 15 011.553839.4 prices, (vi) the amounts to be deposited from the proceeds of such Additional Bonds in the Funds and Accounts created and established by this Indenture and any Supplemental Indenture; and (vii) any other provisions deemed advisable by the City not in conflict with the provisions of this Indenture. The principal payment dates for any series of Additional Bonds shall be March 1 of the year or years set forth in the applicable Supplemental Indenture. (b) A bond ordinance of the City with respect to the Additional Bonds. (c) A request and authorization to the Trustee on behalf of the City, signed by the Mayor or other authorized official, to authenticate and deliver the Additional Bonds to, or on the order of, the purchaser thereof upon payment to the Trustee of the amount specified therein (including without limitation, any accrued interest), which amount shall be deposited as provided in the applicable Supplemental Indenture. (d) The written opinion of counsel, who may be counsel for the City, reasonably satisfactory to the Trustee, to the effect that: (i) the documents submitted to the Trustee in connection with the request then being made comply with the requirements of this Indenture; (ii) the issuance of the Additional Bonds has been duly authorized; and (iii) all conditions precedent to the delivery of the Additional Bonds have been fulfilled. (e) A written opinion of bond counsel (who also may be the counsel to which reference is made in paragraph (d)), to the effect that: (i) when executed for and in the name and on behalf of the City and when authenticated and delivered by the Trustee, those Additional Bonds will be valid and legal special limited obligations of the City in accordance with their terms and will be secured hereunder equally and on a parity with all other Bonds at the time outstanding hereunder as to the Special Taxes and amounts on deposit in the Bond and Interest Fund, the Reserve Fund and the Improvement Fund; and (ii) the issuance of the Additional Bonds will not result in the interest on the Series 2004 Bonds or any other Bonds outstanding immediately prior to that issuance the interest on which is excluded from gross income of the owners thereof,becoming includable in gross income for purposes of federal income taxation. (f) A certificate from the Consultant demonstrating that after giving effect to the issuance of the Additional Bonds there shall have been levied Special Taxes in an amount at least equal to 110%of the principal of and interest on the Bonds plus estimated Administrative Expenses less estimated investment earnings on the Reserve Fund for all Bonds outstanding for each calendar year through the final maturity of the Bonds. (g) A certificate from each of the City and the Developer (i) certifying that it has no knowledge of any Default under this Indenture and (ii) certifying that either (a) not less than a total of single family homes, townhomes and duplexes are under contract to be sold to parties unrelated to the Developer [and that a non-refundable deposit of not less than percent ( %) of the purchase price of each such home that is under contract has been deposited with the Developer.]; or (b) a national homebuilder whose securities are traded on a national securities exchange has purchased property within the Area and has requested the issuance of the 16 011.553839.4 Additional Bonds to finance the development of such Area; or (c)the Bondholders shall have consented to the issuance of the Additional Bonds. The certificate of the City with respect to clause (ii) above may be based on representations from the Developer. (h) Evidence, satisfactory to the Purchaser and the City, which may be in the form of financial statements, equity commitments, or loan commitments, demonstrating that the Developer has cash, marketable securities, outside equity or bank loans equal to at least$ When (i) the documents listed above have been received by the Trustee, and (ii) the Additional Bonds have been executed and authenticated, the Trustee shall deliver the Additional Bonds to or on the order of the purchaser thereof, but only upon payment to the Trustee of the specified amount (including without limitation, any accrued interest) set forth in the request and authorization to which reference is made in paragraph (c) above. Section 3.3 Limitation on Use of Proceeds. No proceeds of Additional Bonds shall be disbursed pursuant to Section 7.3 hereof until such time as (i) sewer capacity is sufficient to adequately address the needs of the Special Service Area, and (ii) all Parcels within the Special Service Area are the subject of a plat of subdivision properly recorded with the County of Kendall. ARTICLE IV REDEMPTION OF SERIES 2004 BONDS Section 4.1 Mandatory Sinking Fund Redemption. The Series 2004 Bonds are subject to mandatory sinking fund redemption and final payment at a price of par plus accrued interest, without premium, on March 1, of the years and in the amounts as follows: Year Amount 2007 $ 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 17 011.553839.4 Year Amount 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 The City covenants that it will redeem the Series 2004 Bonds pursuant to the mandatory sinking fund redemption requirements for the Series 2004 Bonds to the extent amounts are on deposit in the Bond and Interest Fund. Proper provision for mandatory redemption having been made, the City covenants that the Series 2004 Bonds so selected for redemption shall be payable upon redemption and taxes have been levied and will be collected as provided herein and in the Bond Ordinance for such purposes. Section 4.2 Optional Redemption. The Series 2004 Bonds are subject to optional redemption prior to maturity at the option of the City, in whole or in part, on any date on or after March 1, 2014, at a redemption price (expressed as a percentage of the principal amount of the Series 2004 Bonds to be redeemed), as set forth below, plus accrued and unpaid interest to the date of redemption: Redemption Dates Redemption Prices March 1, 2014 through February 28, 2015 102% March 1, 2015 through February 29, 2016 101 March 1, 2016 and thereafter 100 Any optional redemption of Series 2004 Bonds in part shall be applied, to the extent possible, to reduce pro rata the amount of Series 2004 Bonds required to be redeemed by mandatory sinking fund redemption pursuant to Section 4.1 of this Indenture, and so as to maintain the proportion of principal maturing in each year to the total original principal amount of Series 2004 Bonds. Section 4.3 Mandatory Redemption Upon Condemnation, Completion Date and Change in Density. 18 011.553839.4 (a) The Series 2004 Bonds, are subject to mandatory redemption on any Interest Payment Date, in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from amounts in the Bond and Interest Fund consisting of the proceeds received by the City in connection with a condemnation of any of the Special Services or any other property dedicated to, or owned by, the City within the Special Service Area and allocable to the Series 2004 Bonds as determined by the Consultant and which proceeds are not used by the City to rebuild the Special Services. (b) The Series 2004 Bonds are subject to redemption on any Interest Payment Date, in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from amounts transferred from the Improvement Fund to the Bond and Interest Fund as described in Section 7.3 hereof. (c) The Series 2004 Bonds are subject to mandatory redemption on any Interest Payment Date, in whole or in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, in the event of a mandatory prepayment of the Special Taxes upon a reduction in the Maximum Parcel Special Tax as a result of a change in the expected number of single family lots, townhome lots or duplex lots to be built within the Special Service Area as set forth in the final plat or plots of subdivision approved by the City or any other event that reduces the total of the Maximum Parcel Special Tax as described in, and in the amounts set forth in, Section B of Exhibit D to the Special Tax Report. Any mandatory redemption of the Series 2004 Bonds pursuant to this Section 4.3 shall be applied, to the extent possible, to reduce pro rata the amount of Series 2004 Bonds required to be redeemed by mandatory sinking fund redemption pursuant to Section 4.1 of this Indenture and so as to maintain the proportion of principal maturing in each year to the total original principal amount of the Series 2004 Bonds. Section 4.4 Special Mandatory Redemption from Optional Prepayment of Special Taxes. The Series 2004 Bonds are also subject to mandatory redemption at any time, in part, from amounts available for disbursement from the Special Redemption Account pursuant to Section 7.1(e) and from amounts transferred from the Reserve Fund to the Special Redemption Account pursuant to Section 7.1(e), at a redemption price (expressed as a percentage of the principal amount of the Series 2004 Bonds to be redeemed), as set forth below, together with accrued interest on such Series 2004 Bonds to the date fixed for redemption: Redemption Dates Redemption Prices On or prior to February 28, 2014 103% March 1, 2014 through February 28, 2015 102 19 011.553839.4 March 1, 2015 through February 29, 2016 101 March 1, 2016 and thereafter 100 Any special mandatory redemption of the Series 2004 Bonds pursuant to this Section 4.4 shall be applied, to the extent possible, to reduce pro rata the amount of Series 2004 Bonds required to be redeemed by mandatory sinking fund redemption pursuant to Section 4.1 of this Indenture and so as to maintain the proportion of principal maturing in each year to the total original principal amount of Series 2004 Bonds. Section 4.5 Redemption Provisions; Notice of Redemption. If less than all the Series 2004 Bonds of any maturity are to be redeemed on any redemption date, the Bond Registrar appointed in this Indenture shall assign to each Series 2004 Bond of the maturity to be redeemed a distinctive number for each $1,000 of principal amount of that Series 2004 Bond. The Bond Registrar shall then select by lot from the numbers so assigned, using such method as it shall deem proper in its discretion, as many numbers as, at $1,000 per number, shall equal the principal amount of Series 2004 Bonds of that maturity to be redeemed; provided that following any redemption, no Series 2004 Bond shall be outstanding in an amount less than the minimum Authorized Denomination except as necessary to effect the mandatory sinking fund redemption of Series 2004 Bonds as provided in Section 4.1 hereof. Notice of the redemption of any Series 2004 Bonds, which by their terms shall have become subject to redemption, shall be given to the Notice Beneficial Owners and the registered owner of each Series 2004 Bond or portion of a Series 2004 Bond called for redemption not less than 30 or more than 60 days before any date established for redemption of Series 2004 Bonds, by the Bond Registrar, on behalf of the City, by first class mail sent to the registered owner's last address, if any, appearing on the registration books kept by the Bond Registrar. All notices of redemption shall include at least the designation, date and maturities of Series 2004 Bonds called for redemption, CUSIP Numbers, if available, and the date of redemption. In the case of a Series 2004 Bond to be redeemed in part only, the notice shall also specify the portion of the principal amount of the Series 2004 Bond to be redeemed. The mailing of the notice specified above to the Notice Beneficial Owners and the registered owner of any Series 2004 Bond shall be a condition precedent to the redemption of that Series 2004 Bond, provided that any notice which is mailed in accordance with this Indenture shall be conclusively presumed to have been duly given whether or not the owner received the notice. The failure to mail notice to the owner of any Series 2004 Bond, or any defect in that notice, shall not affect the validity of the redemption of any other Series 2004 Bond for which notice was properly given. Any notice of optional redemption may also state (and shall state if the City shall so direct) that the redemption is conditioned on receipt of moneys for such redemption by the Trustee on or prior to the redemption date; if such moneys are not received, the redemption of the Bonds for which notice was given shall not be made. In the event of any revocation of notice of optional redemption, the Trustee shall send notice of such revocation to the registered owners of the Bonds within three (3)Business Days after such proposed redemption date. 20 011.553839.4 Section 4.6 Purchase in Lieu of Redemption. In lieu of redemption as provided in this Article IV or as provided in a Supplemental Indenture with respect to Additional Bonds, moneys in the Bond and Interest Fund may be used and withdrawn by the City for the purchase of outstanding Series 2004 Bonds, at public or private sale as and when, and at such prices (including brokerage and other charges) as the City may provide, but in no event may Series 2004 Bonds be purchased at a price in excess of the principal amount of such Series 2004 Bonds, plus interest accrued to the date of purchase and any premium which would otherwise be due if such Series 2004 Bonds were to be redeemed in accordance with this Indenture. ARTICLE V APPLICATION OF PROCEEDS Section 5.1 Application of Proceeds. The proceeds of the sale of the Series 2004 Bonds in the amount of$ , which is net of underwriter's discount in the amount of$ , shall be applied as follows immediately upon receipt of the purchase price: (a) Capitalized interest in the amount of$ shall be deposited in the Series 2004 Capitalized Interest Account of the Bond and Interest Fund. (b) The amount of$ shall be deposited in the Reserve Fund. (c) The amount of $ shall be deposited in the Administrative Expense Fund. (d) The amount of$ shall be deposited in the Series 2004 Costs of Issuance Account of the Improvement Fund. (e) The balance of the proceeds of sale of the Series 2004 Bonds ($ ) shall be deposited in the Series 2004 Improvement Account of the Improvement Fund and applied at the direction of the City to the payment of a portion of the costs of the Special Services. All amounts received upon the sale of the Series 2004 Bonds, together with all interest and other investment earnings on those amounts, are appropriated and set aside for the purposes for which the Series 2004 Bonds are being issued as set forth in this Indenture. ARTICLE VI SECURITY FOR THE BONDS Section 6.1 Limited Obligations. The Bonds shall constitute limited obligations of the City, payable from the Special Taxes and other moneys deposited in the Funds and Accounts established pursuant to Article VII other than the Administrative Expense Fund and the Rebate Fund. The Bonds shall not constitute general obligations of the City and neither the full faith and credit nor the unlimited taxing power of the City shall be pledged as security for payment of the Bonds. 21 011.553839.4 Section 6.2 Levy of Special Taxes. (a) Pursuant to the Bond Ordinance there have been levied Special Taxes upon all taxable real property within the Special Service Area subject to the Special Taxes sufficient to pay and discharge the principal of the Bonds at maturity or mandatory sinking fund redemption dates and to pay interest on the Bonds for each year at the interest rates set forth in Section 2.4 of this Indenture, to pay the estimated Administrative Expenses of the City for each year and to replenish the Reserve Fund to an amount equal to the Reserve Requirement. (b) The City Clerk has been directed to file a certified copy of the Bond Ordinance, and an accurate map of the Special Service Area, with the County Clerk of the County of Kendall. The Special Taxes shall be computed, extended and collected in accordance with the Special Tax Report and the Special Tax Roll, and divided among all taxable real property within the Special Service Area in accordance with the terms of the Establishing Ordinance and the Special Tax Report. It shall be the duty of the City and the City hereby covenants, annually on or before the last Tuesday of December for each of the years 2005 through 2032 to calculate or cause the Consultant to calculate the Special Tax Requirement; to amend the Special Tax Roll pursuant to Section VII E of the Special Tax Report and provide the County tax collector with the amended Special Tax Roll; to adopt an ordinance approving the amount of the current calendar year's Special Tax Requirement and abating the Special Taxes levied pursuant to the Bond Ordinance to the extent the taxes levied pursuant to the Bond Ordinance exceed the Special Tax Requirement as calculated by the City pursuant to the Establishing Ordinance and the Special Tax Report. On or before the last Tuesday of January for each of the years 2006 through 2033 the City shall notify the Trustee who shall notify the Notice Beneficial Owners of the amount of the Special Tax Requirement and the amount of the Special Taxes to be abated. The City shall take all actions which shall be necessary to provide for the levy, extension, collection and application of the taxes levied by the Bond Ordinance, including enforcement of such taxes by providing the County with such information as is deemed necessary to enable the County to include any property subject to delinquent Special Taxes in the County Collector's annual tax sale and in the event the tax lien is forfeited at such tax sale, by institution of foreclosure proceedings as provided by law; provided, however, that the obligation to institute any foreclosure action against any taxpayer, other than a taxpayer owning at least 5% of the property in the Special Service Area, shall only arise in the event the City makes the determination that the proceeds from the foreclosure action have a commercially reasonable expectation of exceeding the costs thereof. The City covenants that to the extent necessary to enforce a prepayment it will adopt a supplemental levy ordinance in the event of a mandatory prepayment of the Special Taxes due to a change in density pursuant to Section VII G of the Special Tax Report caused by a change in the expected number of single family lots or townhome lots or duplex lots as set forth in the Concept Plan, Preliminary Plat or final plat of subdivision approved by the City, to the extent that the mandatory prepayment amount calculated pursuant to the terms of Exhibit B to the Special Tax Report exceeds the 22 011.553839.4 Special Taxes levied for the year in which the prepayment is due pursuant to the Bond Ordinance. (c) Upon receipt by the Trustee of any prepayment of Special Taxes in an amount calculated by the Consultant as being required pursuant to the Special Tax Report to satisfy the lien on a Parcel within the Special Service Area, the City and the Trustee shall execute a Satisfaction of Tax Lien substantially in the form of Exhibit C hereto, appropriately completed and the Trustee shall deliver the Satisfaction of Tax Lien to the City for filing with the Recorder of Deeds of Kendall County, Illinois. The City shall deliver a copy of each such Satisfaction of Tax Lien to the property owner of record and a copy of the recorded Satisfaction of Tax Lien to the Trustee. ARTICLE VII FUNDS AND ACCOUNTS Section 7.1 Bond and Interest Fund. (a) There is hereby created and established with the Trustee a separate and special fund of the City established exclusively for paying principal of, interest on and redemption premium on the Bonds and which shall be designated as "The Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Bond and Interest Fund" (the "Bond and Interest Fund"). When collected, the Special Taxes and the Foreclosure Proceeds, including any interest and penalties collected in connection with such Special Taxes or Foreclosure Proceeds, shall be placed in the Bond and Interest Fund. The City may provide for the County to transmit directly to the Trustee for deposit to the Bond and Interest Fund any Special Taxes collected by the County. In addition, proceeds received by the City in connection with a condemnation of any of the Special Services or any other property owned by or dedicated to the City within the Special Service Area and allocable to the Bonds as determined by the Consultant which is not used to rebuild the Special Services shall be deposited in the Bond and Interest Fund. Moneys deposited in the Bond and Interest Fund and investments of the Bond and Interest Fund shall never be commingled with or loaned to any other funds of the City. All interest and other investment earnings on the Bond and Interest Fund shall become, when received, a part of the Bond and Interest Fund. When the amount of condemnation proceeds deposited to the Bond and Interest Fund equals $5,000 or more, such amount shall be used to redeem Bonds pursuant to Section 4.3 of this Indenture on the next Interest Payment Date. Any amounts representing condemnation proceeds which remain on deposit in the Bond and Interest Fund for a continuous period of thirty (30) months and which will not be used to redeem the Bonds on the next Interest Payment Date in accordance with Section 4.3 and this section shall be used to pay debt service on the Bonds on the next Interest Payment Date. (b) Amounts deposited in the Bond and Interest Fund are appropriated for and irrevocably pledged to, and shall be used solely for the purpose of,paying the principal of and interest and redemption premium on the Bonds, or for transfers to the Reserve Fund 23 011.553839.4 or the Administrative Expense Fund as permitted by paragraph (c) of this Section 7.1 and by Section 7.2. (c) At any time after September 1 but in no event later than December 1 of each year, the Trustee shall determine the amount needed to pay principal of and interest and redemption premium on the Bonds on the next succeeding Interest Payment Date. After the Trustee has determined that sufficient amounts are on deposit in the Bond and Interest Fund to pay principal of, interest on and redemption premium due on the Bonds on the next succeeding Interest Payment Date, the Trustee shall notify the City and the Consultant of any excess amounts on deposit in the Bond and Interest Fund, and, at the written direction of the City, shall transfer an amount from the Bond and Interest Fund to the Administrative Expense Fund which the City has determined will be adequate, together with other amounts in the Administrative Expense Fund or reasonably expected to be transferred to or deposited in such Fund, to pay all Administrative Expenses during the succeeding calendar year. After making such transfer to the Administrative Expense Fund any excess amounts on deposit in the Bond and Interest Fund shall be transferred to the Reserve Fund to the extent necessary to replenish the Reserve Fund to the Reserve Requirement and thereafter any remaining excess shall be retained in the Bond and Interest Fund and applied to pay principal and interest coming due on the Bonds on the second succeeding Interest Payment Date; provided, however, that investment earnings on amounts on deposit in the Bond and Interest Fund on or prior to March 1, 2007 shall be transferred to the Series 2004 Improvement Account of the Improvement Fund and thereafter retained in the Bond and Interest Fund. Written notice of each such transfer shall promptly be given to the Notice Beneficial Owners. (d) There is hereby created within the Bond and Interest Fund established with the Trustee a separate account designated the "Series 2004 Capitalized Interest Account." Amounts deposited in the Series 2004 Capitalized Interest Account shall be used and shall be applied for such purpose without any further authorization or direction solely for the purpose of paying interest on the Series 2004 Bonds first coming due and shall be applied by the Trustee for such purpose without any further authorization or direction. Investment earnings on amounts on deposit in the Series 2004 Capitalized Interest Account shall be transferred to the Series 2004 Improvement Account of the Improvement Fund. (e) There is hereby created within the Bond and Interest Fund established with the Trustee a separate account designated the "Special Redemption Account." Amounts deposited in the Special Redemption Account shall be applied to the redemption of Bonds pursuant to Section 4.4 or 4.3(c) of this Indenture as applicable. All prepayments of the Special Taxes made in accordance with the Special Tax Report shall be deposited in the Special Redemption Account. Moneys in the Special Redemption Account shall be used exclusively to redeem Bonds pursuant to Section 4.4 or Section 4.3(c), as applicable, or to pay debt service on the Bonds pursuant to this Section 7.1. In the event of any prepayment of the Special Taxes, prior to giving notice of the redemption of Bonds in accordance with Section 4.4 or Section 4.3(c) of this Indenture, as applicable, the Trustee shall transfer from the Reserve Fund to the Special Redemption Account an amount equal to the Reserve Fund Credit upon the direction of the Consultant 24 011.553839.4 in accordance with the Special Tax Report. When the amount on deposit in the Special Redemption Account equals or exceeds $1,000, such amount shall be used to redeem Bonds on the next Interest Payment Date in accordance with Section 4.4 or Section 4.3(c), as applicable. On each such Interest Payment Date, the Trustee shall withdraw from the Special Redemption Account and pay to the owners of the Bonds the amounts to redeem the Bonds pursuant to Section 4.4 or Section 4.3(c). Notwithstanding the foregoing, any amounts contained in the Special Redemption Account for a continuous period of thirty (30) months and which will not be used to redeem Bonds on the next Interest Payment Date in accordance with the immediately preceding sentence and Section 4.4 or Section 4.3(c), as applicable, shall be used to pay debt service on the Bonds on the next Interest Payment Date. Any amounts contained in the Special Redemption Account on the final maturity date of the Bonds shall be used to pay outstanding debt service on the Bonds. Section 7.2 Reserve Fund. There is hereby created and established with the Trustee a separate and special fund of the City which shall be designated as "The Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Reserve Fund" (the "Reserve Fund"), which must be maintained in an amount equal to the Reserve Requirement. The Series 2004 Reserve Requirement shall be an amount equal to $ as adjusted for prepayments pursuant to Section 7.1(e). Amounts deposited in the Reserve Fund shall be used solely for the purpose of(i) making transfers to the Bond and Interest Fund to pay the principal of, including mandatory sinking fund payments, and interest and any premium on, all Bonds when due, in the event that moneys in the Bond and Interest Fund are insufficient therefor, (ii) making any transfers to the Bond and Interest Fund if the balance in the Reserve Fund exceeds the amount required to redeem all Bonds then outstanding, or (iii) if the amount then on deposit in the Reserve Fund is at least equal to the Reserve Requirement, for transfer in accordance with the next paragraph, provided that no moneys shall be transferred from the Reserve Fund pursuant to clause (i) of this sentence without the written consent of the Notice Beneficial Owners owning a majority of the beneficial interests in the Bonds, if such Notice Beneficial Owners exist. On the Business Day prior to each Interest Payment Date, moneys in the Reserve Fund in excess of the Reserve Requirement shall be transferred by the Trustee from the Reserve Fund to the Series 2004 Improvement Account of the Improvement Fund on or prior to March 1, 2007 and thereafter to the Bond and Interest Fund to be used for the payment of interest on Bonds on the next following Interest Payment Date. Section 7.3 Improvement Fund. There is hereby created and established with the Trustee a separate and special fund of the City which shall be designated as "The Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Improvement Fund" (the "Improvement Fund") and a separate account within the Improvement Fund designated the "Series 2004 Improvement Account"). Moneys in the Improvement Fund shall be disbursed solely for the payment of the cost of acquiring, constructing, installing and performing the Special Services. Subject to Section 3.3 hereof, disbursements from the Improvement Fund shall be made by the Trustee upon receipt of a Disbursement Request of the City substantially in the form attached as Exhibit D to this Indenture executed by an Authorized Officer which shall (i) set forth the amount required to be disbursed, the purpose for which the disbursement is to be made, that such Special Services have been completed in accordance with the terms of the Public 25 011.553839.4 Infrastructure Agreement, that the disbursement is for the payment of a Special Service, and payment instructions to the Trustee for the amount to be disbursed; and (ii) certify that no portion of the amount then being requested to be disbursed was set forth in any previous request for disbursement. On the date on which a certificate of an Authorized Officer of the City is delivered certifying that the Special Services have been completed (the "Completion Date"), the Trustee shall transfer all amounts remaining in the Series 2004 Improvement Account of the Improvement Fund to the Bond and Interest Fund to be applied to the redemption of the Series 2004 Bonds pursuant to Section 4.3(b) hereof provided, however, that any amounts transferred to be applied to the redemption of Series 2004 Bonds which do not equal $1,000 or an integral multiple of$1,000 may be applied to pay interest owing on the Series 2004 Bonds on the next succeeding Interest Payment Date; and provided further, however, that upon written direction of an Authorized Officer an amount specified by the City may be transferred to the Series 2004 Capitalized Interest Account upon delivery to the Trustee of an opinion of Bond Counsel to the effect that the transfer of such amounts will not adversely affect the exclusion from gross income of interest on the Bonds for federal income tax purposes and is permitted under Illinois law. All investment earnings on amounts on deposit in the Series 2004 Account of the Improvement Fund prior to the Completion Date shall be retained therein to pay the costs of the Special Services. There is hereby created within the Improvement Fund established with the Trustee a separate account designated the "Series 2004 Costs of Issuance Account." Amounts deposited in the Series 2004 Costs of Issuance Account shall be used solely for the purpose of paying costs incurred in connection with the issuance of the Series 2004 Bonds. Disbursements from the Series 2004 Costs of Issuance Account shall be made by the Trustee upon receipt of a request of the City which shall (i) set forth the amount required to be disbursed, the purpose for which the disbursement is to be made, that the disbursement is a proper expenditure from the Series 2004 Costs of Issuance Account, and payment instructions to the Trustee for the amount to be reimbursed; and (ii) certify that no portion of the amount then being requested to be disbursed was set forth in any previous request for disbursement. On the date which is six (6) months after the date of issuance of the Series 2004 Bonds, the Trustee shall transfer all amounts remaining in the Series 2004 Costs of Issuance Account to the Series 2004 Improvement Account of the Improvement Fund. Section 7.4 Administrative Expense Fund. There is hereby created and established with the Trustee a separate and special fund of the City which shall be designated as "The Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Administrative Expense Fund" (the "Administrative Expense Fund"). Amounts in the Administrative Expense Fund shall be withdrawn by the Trustee and paid to the City or its order upon receipt by the Trustee of a written request from an Authorized Officer stating the amount to be withdrawn, that such amount is to be used to pay an Administrative Expense, and the nature of such Administrative Expense. On or prior to March 1, 2007 investment earnings on amounts on deposit in the Administrative Expense Fund shall be transferred by the Trustee to the Improvement Fund and thereafter shall be retained in the Administrative Expense Fund. Section 7.5 Rebate Fund. There is hereby created and established with the Trustee a separate and special fund of the City which shall be designated as "The Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Rebate Fund" (the "Rebate Fund"), into which there shall be deposited as necessary investment earnings in the Bond and 26 011.553839.4 Interest Fund and the Reserve Fund to the extent required so as to maintain the tax exempt status of interest on the Bonds. All rebates, special impositions or taxes for such purpose payable to the United States of America(Internal Revenue Service) shall be payable from the Rebate Fund. Section 7.6 Investment of Funds. Moneys on deposit in Funds and Accounts established hereunder may be invested from time to time in Qualified Investments pursuant to directions from the City to the Trustee provided that moneys on deposit in the Special Redemption Account shall be invested in Qualified Investments having a maturity of 180 days or less. Except as otherwise expressly provided herein, earnings or losses on such investments shall be attributed to the Fund or Account for which the investment was made. In the event that the Trustee does not receive directions from the City to invest funds held hereunder, the Trustee shall invest such funds in a money market fund which invests in (i) short-term securities issued or guaranteed by the United States Government, its agencies or instrumentalities and/or (ii) repurchase agreements relating to such securities. The Trustee is hereby authorized to execute purchases and sales of Qualified Investments through the facilities of its own trading or capital markets operations or those of any affiliated entity. The Trustee shall send statements to the City on a monthly basis reflecting activity in the account for the preceding month. Although the City recognizes that it may obtain a broker confirmation or written statement containing comparable information at no additional cost, the City hereby agrees that confirmations of Qualified Investments are not required to be issued by the Trustee for each month in which a monthly statement is rendered. ARTICLE VIII COVENANTS AND AGREEMENTS OF THE CITY Section 8.1 Tax Covenants. (a) The City covenants with the holders of the Bonds from time to time outstanding that it (i) will take all actions which are necessary to be taken (and avoid any actions which it is necessary to avoid being taken) so that interest on the Bonds will not be or become included in gross income for federal income tax purposes under existing law, including without limitation the Code; (ii) will take all actions reasonably within its power to take which are necessary to be taken (and avoid taking any actions which are reasonably within its power to avoid taking and which are necessary to avoid) so that interest on the Bonds will not be or become included in gross income for federal income tax purposes under the federal income tax laws as in effect from time to time; and (iii) will take no action or permit any action in the investment of the proceeds of the Bonds, amounts in the Bond and Interest Fund or any other funds of the City which would result in making interest on the Bonds subject to federal income taxes by reason of causing the Bonds to be "arbitrage bonds" within the meaning of Section 148 of the Code, or direct or permit any action inconsistent with the regulations under the Code as promulgated and as amended from time to time and as applicable to the Bonds. The Mayor, City Clerk and City Treasurer are authorized and directed to take such action as is necessary in order to carry out the issuance and delivery of the Bonds including, without limitation, to make any representations and certifications they deem proper pertaining to the use of the 27 011.553839.4 proceeds of the Bonds and moneys in the Funds and Accounts established hereunder in order to establish that the Bonds shall not constitute arbitrage bonds as so defined. (b) The City further covenants as follows with respect to the requirements of Section 148(f) of the Code, relating to the rebate of "excess arbitrage profits" (the "Rebate Requirement") to the United States: (c) Unless an applicable exception to the Rebate Requirement is available to the City, the City will meet the Rebate Requirement. (i} Relating to applicable exceptions, the City shall make such elections under the Code as it shall deem reasonable and in the best interests of the City. If such election may result in a"penalty in lieu of rebate" as provided in the Code, and such penalty is incurred (the "Penalty"), then the City shall pay such Penalty. (ii) The City shall cause to be established, at such time and in such manner as it shall deem necessary or appropriate hereunder, the Rebate Fund for the Bonds, and the City shall further, not less frequently than annually, cause to be transferred to the Rebate Fund the amount determined to be the accrued liability under the Rebate Requirement or Penalty. The City shall cause to be paid to the United States, without further order or direction from the Corporate Authorities, from time to time as required, amounts sufficient to meet the Rebate Requirement or to pay the Penalty. (iii) Interest earnings in the Bond and Interest Fund and the Reserve Fund are hereby authorized to be transferred, without further order or direction from the Corporate Authorities, from time to time as required, to the Rebate Fund for the purposes herein provided; and proceeds of the Bonds, investment earnings or amounts on deposit in any of the other funds and accounts created hereunder and any other funds of the City are also hereby authorized to be used to meet the Rebate Requirement or to pay the Penalty, but only if necessary after application of investment earnings as aforesaid and only as appropriated by the Corporate Authorities. Section 8.2 Levy and Collection of Taxes. The City covenants with the holders of the Bonds from time to time outstanding that: (a) it will take all actions, if any, which shall be necessary, in order further to provide for the levy, extension, collection and application of the taxes levied by this Indenture and the Bond Ordinance including enforcement of the Special Taxes as described in clause (c) below; (b) it will not take any action which would adversely affect the levy, extension, collection and application of the taxes levied by this Indenture and the Bond Ordinance, except to abate those taxes to the extent permitted by this Indenture and the Special Tax Report; 28 011.553839.4 (c) it will comply with all requirements of the Special Service Area Act, the Bond Ordinance and other applicable present and future laws concerning the levy, extension and collection of the taxes levied by this Indenture and the Bond Ordinance; in each case so that the City shall be able to pay the principal of and interest on the Bonds as they come due and replenish the Reserve Fund to the Reserve Requirement and it will take all actions necessary to assure the timely collection of the Special Taxes, including without limitation, the enforcement of any delinquent Special Taxes by providing the County of Kendall with such information as is deemed necessary to enable the County to include any property subject to delinquent Special Taxes in the County Collector's annual tax sale and in the event the tax lien is forfeited at such tax sale, by the commencement and maintenance of an action to foreclose the lien of any delinquent Special Taxes all in the manner provided by law; provided, however, that the obligation to institute any foreclosure action against any taxpayer other than a taxpayer owning at least five percent (5%) of the property in the Special Service Area shall only arise in the event the City makes the determination that the proceeds from the foreclosure action have a commercially reasonable expectation of exceeding the costs thereof; and (d) in the event the City approves any change in the plat of subdivision which changes the density of the Special Service Area or otherwise becomes aware of a change in density, it will provide prompt written notice to the Consultant of such fact and the circumstances resulting in the change in density. Section 8.3 Proper Books and Records. The City will keep, or cause the Trustee to keep, proper books of record and accounts, separate from all other records and accounts of the City, in which complete and correct entries shall be made of all transactions relating to the deposits to and expenditure of amounts disbursed from the Funds and Accounts created hereunder and the Special Taxes. Such books of record and accounts shall at all times during business hours be subject to the inspection of the holders of not less than ten percent (10%) of the principal amount of the Bonds then outstanding, or their representatives authorized in writing. The City, or the Trustee on behalf of the City, upon written request will mail to the Purchaser, the Developer and any Notice Beneficial Owner any information relating to the Bonds,the Special Service Area or the Special Services, including, but not limited to, the annual audits of the Funds and Accounts established under this Indenture for each and every year. Section 8.4 Against Encumbrances. The City will not encumber, pledge or place any charge or lien upon any of the Special Taxes or other amounts pledged to the Bonds superior to, on a parity with, or junior to, the pledge and lien created in this Indenture for the benefit of the Bonds, except as permitted by, or specifically set forth in,this Indenture. Section 8.5 No Continuing Disclosure Undertaking. Based upon the fact that the Series 2004 Bonds are being initially issued in minimum denominations of$100,000 and that the Purchaser has advised the City of its intention (as further described in the Limited Offering Memorandum dated , 2004, relating to the Series 2004 Bonds) to offer the Series 2004 Bonds to 35 or fewer sophisticated investors, the offering and sale of the Series 2004 Bonds is exempt from the provisions of Rule 15c2-12, in effect as of the date of this Indenture, promulgated under the Securities and Exchange Act of 1934, as amended. 29 011.553839.4 Section 8.6 Additional Information. The City agrees to provide to the Trustee (i) each of the reports, certificates and other information required to be delivered by the Developer to the City pursuant to Section 6.1 of the Public Infrastructure Agreement, (ii) a report or reports not later than December 31 in each year commencing December 31, 2005, which may be prepared by the Consultant, setting forth the Special Tax Requirement for the current year and the immediately succeeding year and the amount of taxes to be abated for the current year, the current year's collection of taxes, delinquencies, tax sales, foreclosures, the Special Service Area's equalized assessed valuation, the estimated new value-to-lien ratio and the current ad valorem property tax rate(s), and (iii) a copy of the annual audited financial statements of the City. Section 8.7 Public Infrastructure Agreement. The City agrees to take all actions which are necessary to be taken to enforce the City's rights and to satisfy the City's obligations under the Public Infrastructure Agreement. ARTICLE IX DEFAULTS AND REMEDIES Section 9.1 Events of Default. "Events of Default" under this Indenture are as follows: (a) Default shall be made by the City in the payment of the principal of or premium, if any, on any Bond when and as the same shall become due and payable, either at maturity or by proceedings for redemption or otherwise. (b) Default shall be made by the City in the payment of any installment of interest on any Bond when and as such installment of interest shall become due and payable. (c) The City shall (1) commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy, insolvency or other similar law, (2) make an assignment for the benefit of its creditors, (3) consent to the appointment of a receiver of itself or of the whole or any substantial part of its property, or (4) be adjudicated a bankrupt or have entered against it any order for relief in respect of any involuntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy, insolvency or other similar law and such order shall continue in effect for a period of 60 days without stay or vacation. (d) A court of competent jurisdiction shall enter an order,judgment or decree appointing a receiver of the City, or of the whole or any substantial part of its property, or approving a petition seeking reorganization of the City under the Federal bankruptcy laws or any other applicable Federal or state law or statute and such order,judgment or decree shall not be vacated or set aside or stayed within 60 days from the date of the entry thereof. 30 011.553839.4 (e) Under the provisions of any other law for the relief or aid of debtors, any court of competent jurisdiction shall assume custody or control of the City or of the whole or any substantial part of its property, and such custody or control shall not be terminated or stayed within 60 days from the date of assumption of such custody or control. (f) The City shall default in the due and punctual performance of any other of the covenants, conditions, agreements and provisions contained in the Bonds, the Bond Ordinance or in this Indenture on the part of the City to be performed, and such default shall continue for 30 days after written notice specifying such default and requiring the same to be remedied shall have been given to the City by the Trustee (which may give such notice whenever it reasonably determines that such a default exists and shall give such notice at the written request of the holders of not less than 25% in principal amount of the Bonds then outstanding). Section 9.2 Remedies. Upon the occurrence of an Event of Default the Trustee may, and upon the written request of the holders of 25% in principal amount of the outstanding Bonds affected by the Event of Default and upon being indemnified as provided in Section 10.2(i) hereof shall, proceed to protect and enforce its rights and the rights of the holders of the Bonds by a suit, action or special proceeding in equity or at law, by mandamus or otherwise, either for the specific performance of any covenant or agreement contained herein or in aid or execution of any power herein granted or for any enforcement of any proper legal or equitable remedy as the Trustee, being advised by counsel, shall deem most effective to protect and enforce the rights aforesaid. During the continuance of an Event of Default, all moneys received by the Trustee under this Indenture from the City or from any other source shall be applied by the Trustee in accordance with the tennis of Section 9.10 hereof. Upon the occurrence of an Event of Default described in Section 9.1(a) or fb) of this Indenture, which occurs during such time as amounts remain on deposit in the Improvement Fund, upon the written request of the holders of 25% in principal amount of the outstanding Bonds, the Trustee shall transfer any amounts on deposit in the Improvement Fund to the Bond and Interest Fund to be applied by the Trustee in accordance with Section 9.10 hereof; provided that such transfer may only occur in the event the City has provided written notice to the Trustee that the Developer has abandoned construction of the Special Services and the City has elected not to complete the Special Services. Any judgment against the City shall be enforceable only against the amounts pledged pursuant to this Indenture. There shall not be authorized any deficiency judgment against any assets of, or the general credit of, the City. The Bonds shall not be subject to acceleration upon the occurrence of an Event of Default. Section 9.3 Notice of Default. The Trustee shall, within 10 days after the Trustee receives notice or obtains knowledge of the occurrence of an Event of Default, mail to the City, the Developer, the Notice Beneficial Owners and the Bondholders at the address shown on the registration books of the City maintained by the Bond Registrar, notice of all Events of Default 31 011.553839.4 known to the Trustee unless such Events of Default shall have been cured before the giving of such notice. Section 9.4 Termination of Proceedings by Trustee. In case any proceedings taken by the Trustee on account of any Event of Default shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case the City, the Trustee and the Bondholders shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies and powers of the Trustee shall continue as though no such proceeding had been taken. Section 9.5 Right of Bondholders to Control Proceedings. Anything in this Indenture to the contrary notwithstanding, the holders of a majority in principal amount of the Bonds then outstanding shall have the right, by an instrument in writing executed and delivered to the Trustee, to direct the method and place of conducting all remedial proceedings to be taken by the Trustee hereunder in respect of the Bonds; provided that such direction shall not be otherwise than in accordance with law and the Trustee shall be indemnified to its satisfaction against the costs, expenses and liabilities to be incurred therein or thereby. Section 9.6 Right of Bondholders to Institute Suit. No holder of any of the Bonds shall have any right to institute any suit, action or proceeding in equity or at law for the execution of any trust hereunder, or for any other remedy hereunder or on the Bonds unless such holder previously shall have given to the Trustee written notice of an Event of Default as hereinabove provided, and unless also the holder, or holders, of 25% in principal amount of the outstanding Bonds affected by the Event of Default shall have made written request of the Trustee after the right to exercise such powers, or right of action, as the case may be, shall have accrued, and shall have afforded the Trustee a reasonable opportunity either to proceed to exercise the powers hereinbefore granted, or to institute such action, suit, or proceeding in its name; and unless, also, there shall have been offered to the Trustee security and indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee shall have refused or neglected to comply with such request within a reasonable time; and such notification, request and offer of indemnity are hereby declared in every such case, at the option of the Trustee, to be conditions precedent to the execution of the powers and trusts of this Indenture or for any other remedy hereunder; it being understood and intended that no one or more holders of the Bonds shall have any right in any manner whatever by his or their action to affect, disturb or prejudice the security of this Indenture, or to enforce any right hereunder, except in the manner herein provided, and that all proceedings at law or in equity shall be instituted, had and maintained in the manner herein provided and for the equal benefit of all holders of the outstanding Bonds. Nothing in this Section 9.6 contained shall, however, affect or impair the right of any Bondholder, which is absolute and unconditional, to enforce the payment of the principal of and interest on the Bondholder's Bonds out of the Bond and Interest Fund, or the obligation of the City to pay the same, out of the Bond and Interest Fund, at the time and place in the Bonds expressed. Section 9.7 Suits by Trustee. All rights of action under this Indenture, or under any of the Bonds, enforceable by the Trustee, may be enforced by it without the possession of any of 32 011.553839.4 the Bonds or the production thereof at the trial or other proceeding relative thereto, and any such suit, or proceeding, instituted by the Trustee shall be brought in its name for the ratable benefit of the holders of the Bonds affected by such suit or proceeding, subject to the provisions of this Indenture. Section 9.8 Remedies Cumulative. No remedy herein conferred upon or reserved to the Trustee or to the Bondholders is intended to be exclusive of any other remedy or remedies, and each and every remedy shall be cumulative, and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute. Section 9.9 Waiver of Default. No delay or omission of the Trustee or of any Bondholder to exercise any right or power shall be construed to be a waiver of any such default, or an acquiescence therein; and every power and remedy given by this Article IX to the Trustee and the Bondholders, respectively, may be exercised from time to time, and as often as may be deemed expedient. Section 9.10 Application of Moneys After Default. The City covenants that if an Event of Default shall happen and shall not have been remedied, the Trustee shall apply moneys, securities and funds on deposit in the Funds and Accounts established pursuant to Article VII or received by the Trustee pursuant to any right given or action taken under the provisions of this Section as follows and in the following order: (a) To the payment of the reasonable and proper charges, expenses and liabilities of the Trustee, the Bond Registrar and any paying agent, including the fees and expenses of outside counsel for the Trustee, the Bond Registrar and any paying agent and the payment of Administrative Expenses owed to the City or the Consultant. (b) To the payment of the principal and interest then due on the Bonds as follows: (i) first, to the payment to the persons entitled thereto of all interest then due or payable on the Bonds in the order of the maturity of such installments; and (ii) second, to the payment to the persons entitled thereto of the unpaid installments of principal of any of the Bonds which have become due in the order of the maturity of such installments. Whenever moneys are to be applied by the Trustee pursuant to the provisions of this paragraph, such moneys shall be applied by the Trustee at such times, and from time to time, as the Trustee in its sole discretion shall determine, having due regard for the amount of such moneys available for application and the likelihood of additional moneys becoming available for such application in the future. The deposit of such moneys with the paying agent, or otherwise setting aside such moneys, in trust for the proper purpose, shall constitute proper application by the Trustee; and the Trustee shall incur no liability whatsoever to the City, to any Bondholder or to any other person for any delay in applying any such funds, so long as the Trustee acts with reasonable diligence, having due regard to the circumstances, and ultimately applies the same in accordance with such provisions of this Indenture as may be applicable at the time of application 33 011.553839.4 by the Trustee. Whenever the Trustee shall exercise such discretion in applying such funds, it shall fix the date (which shall be an Interest Payment Date unless the Trustee shall deem another date more suitable) upon which such application is to be made and upon such date interest on the amounts of principal paid on such date shall cease to accrue. The Trustee shall give such notice as it may deem appropriate of the fixing of any such date and of the endorsement to be entered on each Bond on which payment shall be made, and shall not be required to make payment to the holder of any unpaid Bond until such Bond shall be presented to the Trustee for appropriate endorsement, or some other procedure deemed satisfactory by the Trustee. ARTICLE X TRUSTEE Section 10.1 Appointment of the Trustee. The Trustee hereunder is hereby constituted and appointed as the trustee of an express trust hereby created for the Bondholders. The further rights and duties of the Trustee are set forth in this Article X. Section 10.2 Performance of Duties. The Trustee shall perform such duties and only such duties as are specifically set forth in this Indenture, using such care as a corporate trustee ordinarily would use in performing trusts under a corporate indenture or trust or depositary agreement. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: (a) The duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. (b) In the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificate or opinion furnished to the Trustee conforming to the requirements of this Indenture; but in the case of any such certificate or opinion which by any provision hereof is specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not it conforms to the requirements of this Indenture. (c) The Trustee shall not be liable for any error of judgment made in good faith by a responsible officer or officers of the Trustee unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts. (d) The Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the holders of not less 34 011.553839.4 than a majority (or such larger percentage as is otherwise specifically required by the terms hereof) in aggregate principal amount of all the Bonds at the time outstanding. (e) None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur individual financial liability in the exercise of any of its rights or powers. (f) At any and all reasonable times, upon first providing 48 hours' notice to the City, the Trustee, and its duly authorized agents, attorneys, experts, engineers, accountants and representatives, shall have the right fully to inspect any and all of the books, papers and records of the City pertaining to the Special Services and the Bonds, and to take such memoranda from and in regard thereto as may be desired. (g) The Trustee shall not be required to give any bond or surety in respect of the execution of the trusts and powers granted by this Indenture or otherwise in respect of the premises. (h) Notwithstanding anything elsewhere in this Indenture contained, the Trustee shall have the right, but shall not be required, to demand, in respect of the withdrawal of any cash or any action whatsoever within the purview of this Indenture, any showings, certificates, opinions, appraisals or other information or corporate action or evidence thereof, in addition to that by the terms hereof required as a condition of such action by the Trustee, reasonably necessary to establish the right of the City to the withdrawal of any cash or the taking of any other action by the Trustee. (i) Before taking any action under Section 9.2, the Trustee may require that a satisfactory indemnity bond or other security satisfactory to it be furnished by the party requesting that the Trustee take such action for the reimbursement of all expenses to which it may be put and to protect it against all liability, except liability which is adjudicated to have resulted from the negligence or willful default of the Trustee in connection with any action so taken. (j) All moneys received by the Trustee or any paying agent shall, until used or applied or invested as herein provided, be held in trust for the purposes for which they were received. (k) The Trustee may execute any of the trusts or powers hereof and perform any of its duties by or through attorneys, agents, receivers, or employees and shall not be answerable for the conduct of the same if appointed with due care hereunder. Section 10.3 Instruments Upon Which Trustee May Rely. Except as otherwise provided in paragraph (b) hereof: (a) The Trustee may rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties. 35 011.553839.4 1 (b) Any notice, request, direction, election, order or demand of the City mentioned herein shall be sufficiently evidenced by an instrument signed in the name of the City by its Mayor or its City Clerk (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Corporate Authorities may be evidenced to the Trustee by a copy thereof certified by the City Clerk under the City seal. (c) The Trustee may consult with reputable counsel (who may but need not be counsel for the City) and the opinion of such counsel shall be full and complete authorization and protection in respect of any action taken or suffered by it hereunder in good faith and in accordance with the opinion of such counsel. (d) Whenever in the administration of the trusts under this Indenture, the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by a certificate of the City; and such certificate of the City shall, in the absence of negligence or bad faith on the part of the Trustee, be full warranty to the Trustee for any action taken or suffered by it under the provisions of this Indenture upon the faith thereof. Section 10.4 Trustee not Responsible for Recitals and Other Matters. The Trustee shall not be responsible in any manner whatsoever for the correctness of the recitals herein or in the Bonds (except the Trustee's certificate of authentication thereon), all of which are made by the City solely; and the Trustee shall not be responsible or accountable in any manner whatsoever for or with respect to the validity or execution or sufficiency of this Indenture, or of any indenture supplemental hereto, or of the Bond Ordinance or the Bonds, or the sufficiency of the taxes levied to pay the principal of and interest on the Bonds, or for the security afforded hereby or for the validity of any securities at any time held hereunder, and the Trustee makes no representation with respect thereto. The Trustee shall not be accountable for the use or application by the City of the proceeds of any Bonds authenticated and delivered hereunder, or for the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture. Section 10.5 Trustee May Acquire Bonds. The Trustee and its officers and directors may acquire and hold, or become the pledgee of, Bonds and may otherwise deal with the City in the manner and to the same extent and with like effect as though it were not Trustee hereunder. Section 10.6 Qualification of Trustee. There shall at all times be a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States or any state thereof, authorized under such laws to exercise corporate trust powers, having a combined capital, surplus and undivided profits of at least $50,000,000, and subject to supervision or examination by federal or state authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of any supervising or examining authority above referred to, then for the purposes of this paragraph the combined capital, surplus and undivided profits of such corporation shall be deemed to be its combined capital, surplus and undivided profits as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the 36 011.553839.4 provisions of this paragraph, the Trustee shall resign immediately in the manner and with the effect specified in Section 10.7. Section 10.7 Resignation or Removal of Trustee and Appointment of Successor. (a) The Trustee may at any time resign by giving written notice to the City, the Developer, each Notice Beneficial Owner, and the Bondholders by first class mail to the names and addresses shown on the list maintained by the Bond Registrar. Upon receiving such notice of resignation, the City shall promptly appoint a successor Trustee by an instrument in writing executed by order of the City. If no successor Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee, or any Bondholder who has been a bona fide holder of a Bond or Bonds for at least six months may, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor Trustee. (b) In case at any time any of the following shall occur: (i) The Trustee shall cease to be eligible in accordance with the provisions of Section 10.6 and shall fail to resign after written request therefor by the City, by any Notice Beneficial Owner or by any Bondholder who has been a bona fide holder of a Bond or Bonds for at least six months, or (ii) The Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, the City may remove the Trustee and appoint a successor Trustee by an instrument in writing executed by order of the City or any Bondholder may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor Trustee. (c) The holders of a majority in aggregate principal amount of all the Bonds at the time outstanding may at any time remove the Trustee and appoint a successor Trustee by an instrument or concurrent instruments in writing signed by such Bondholders. Such successor Trustee shall be a corporation authorized under applicable laws to exercise corporate trust powers, may be incorporated under the laws of the United States or of any State within the United States. Such successor Trustee shall satisfy the minimum combined capital, surplus and undivided profits requirement set forth in Section 10.6. (d) The City, subject to the approval of the holders of a majority in aggregate principal amount of all the Bonds at the time outstanding, may at any time remove the 37 011.553839.4 Trustee and appoint a successor Trustee by an instrument in writing signed by the City and accompanied by an instrument or concurrent instruments in writing signed by such Bondholders approving such removal and appointment. (e) Any resignation or removal of the Trustee and appointment of a successor Trustee pursuant to any of the provisions of this Section 10.7 shall become effective upon acceptance of appointment by the successor Trustee as provided in Section 10.8. Section 10.8 Concerning the Successor Trustee. Any successor Trustee appointed as provided in Section 10.7 shall execute, acknowledge and deliver to the City and to its predecessor Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts, duties and obligations of its predecessor in the trusts hereunder, with like effect as if originally named as Trustee herein; but nevertheless on the written request of the City or the request of the successor Trustee, the Trustee ceasing to act shall execute and deliver an instrument transferring to such successor Trustee, upon the trusts herein expressed, all the rights, powers and trusts of the Trustee so ceasing to act. Upon request of any such successor Trustee, the City shall execute any and all instruments in writing more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and duties. Any Trustee ceasing to act shall nevertheless be entitled to receive the amounts due it as compensation, reimbursement, expenses and indemnity afforded to it by this Article X. No successor Trustee shall accept appointment as provided in this Section 10.8 unless at the time of such acceptance such successor Trustee shall be eligible under the provisions of Section 10.6. Upon the acceptance of appointment by a successor Trustee as provided in this Section 10.8, the City shall mail a copy of such notice to each person whose name appears as an owner of Bonds on the list maintained by the Bond Registrar and each Notice Beneficial Owner. If the City fails to mail such notice within 10 days after acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice to be mailed at the expense of the City. Any banking association or corporation into which the Trustee may be merged, converted or with which the Trustee may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any banking association or corporation to which all or substantially all of the corporate trust business of the Trustee shall be transferred, shall succeed to all the Trustee's rights, obligations and immunities hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. Section 10.9 Monthly Statements. The Trustee shall provide the Purchaser, the Consultant, the Developer and the City, or their designees, a monthly statement, commencing on 1, 2005, itemizing all moneys received by it and all payments made by it under this Indenture during the preceding monthly period and annual reports relating to the Funds and Accounts created under this Indenture and such other information relating to the Bonds and the 38 011.553839.4 Funds and Accounts maintained by the Trustee under this Indenture as the Purchaser, the Developer and the City shall reasonable request. The Trustee shall also provide to (i) each Notice Beneficial Owner(until such time as it is not a Beneficial Owner) and (ii) each other Beneficial Owner upon written request the following: (a) copies of the monthly statements described above; (b) Copies of all notices or reports given to the City by the Trustee under this Indenture; (c) Copies of all notices given by the Trustee to, or requests for consent requested by the Trustee from, the Bondholders; (d) Notices or reports given by the City to the Trustee pursuant to this Indenture and the audited financial statements delivered to the Trustee pursuant to Section 8.6 of this Indenture; (e) Any report, notice or communication given by the Developer to the City pursuant to the Public Infrastructure Agreement, if any, and pursuant to this Indenture including, but not limited to, information delivered to the Trustee pursuant to Section 8.6 of this Indenture; (f) Any notice required to be given to the Beneficial Owners under this Indenture; (g) Copies of all amendments and supplements to this Indenture; and (h) The name and telephone number of the officer of the Trustee who will provide information required to be delivered pursuant to this Section 10.9, if different than the name and telephone number set forth in Section 13.2 hereof. ARTICLE XI SUPPLEMENTAL INDENTURES Section 11.1 Supplemental Indentures Not Requiring Consent of Bondholders. The City by the Corporate Authorities, and the Trustee from time to time and at any time, subject to the conditions and restrictions in this Indenture contained, may pass and accept an indenture or indentures supplemental hereto, which indenture or indentures thereafter shall form a part hereof, for any one or more of the following purposes: (a) To add to the covenants and agreements of the City in this Indenture contained, other covenants and agreements thereafter to be observed or to surrender, restrict or limit any right or power herein reserved to or conferred upon the City; (b) To provide for the issuance of Additional Bonds as set forth in Article III of this Indenture; 39 011.553839.4 (c) To grant to or confer upon the Trustee for the benefit of the owners of the Bonds any additional rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the owners or the Trustee; (d) To modify, amend or supplement this Indenture in such manner as to permit, if presented, the qualification of this Indenture under the Trust Indenture Act of 1939 or any similar federal statute then in effect or under any state blue sky law; and (e) To surrender any right, power or privilege reserved to or conferred upon the City by the terms of this Indenture, provided that the surrender of such right,power or privilege is not contrary to or inconsistent with the covenants and agreements of the City contained in this Indenture. Any supplemental indenture authorized by the provisions of this Section 11.1 may be executed by the City, by the Corporate Authorities, and by the Trustee without the consent of any Notice Beneficial Owners or the registered owners of any of the Bonds at the time outstanding, but only upon receipt of an opinion of bond counsel if requested pursuant to the provisions of Section 11.6, notwithstanding any of the provisions of Section 11.2, but the Trustee shall not be obligated to accept any provision of such supplemental indenture to the extent that it affects the Trustee's own rights, duties or immunities under this Indenture or otherwise. Section 11.2 Supplemental Indentures Requiring Consent of Bondholders. With the consent (evidenced as provided herein) of the Notice Beneficial Owners and the registered owners of not less than a majority in aggregate principal amount of the Bonds, respectively, at the time outstanding, but only upon receipt of an opinion of bond counsel if requested pursuant to the provisions of Section 11.6, the City, by the Corporate Authorities may pass, and the Trustee may accept from time to time and at any time an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this indenture or of any supplemental indenture; provided that no such modification or amendment shall extend the maturity or reduce the principal of or the interest rate on or otherwise alter or impair the obligation of the City to pay the principal, interest or redemption premium, if any, at the time and place and at the rate and in the currency provided therein of any Bond without the express consent of the registered owner of such Bond or permit the creation of a preference or priority of any Bond or Bonds over any other Bond or Bonds, except as otherwise provided in Article III with respect to Additional Bonds, or reduce the percentage of Bonds, respectively, required for the affirmative vote or written consent to an amendment or modification, or deprive the registered owners of the Bonds (except as aforesaid) of the right to payment of the Bonds, from the Special Taxes and the Foreclosure Proceeds without the consent of the registered owners of all the Bonds (as the case may be) then outstanding. Upon receipt by the Trustee of a certified copy of such Indenture and upon the filing with the Trustee of evidence of the consent of Bondholders as aforesaid, the Trustee shall accept such supplemental indenture, but the Trustee shall not be obligated to accept any provision of such supplemental indenture to the extent that it affects the Trustee's own rights, duties or immunities under this Indenture or otherwise. 40 011.553839.4 It shall not be necessary for the consent of the Bondholders under this paragraph to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof Promptly after the passage by the City and the acceptance by the Trustee of any supplemental indenture pertaining to the Bonds pursuant to the provisions of this paragraph, the City shall mail a notice by first class mail to the Bondholders, setting forth in general terms the substance of such supplemental indenture, and that the supplemental indenture has been consented to by the requisite percentage of the Bondholders. Any failure of the City to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. Section 11.3 Supplemental Indenture to Modify this Indenture. Upon the execution of any supplemental indenture pursuant to the provisions of this Article XI, and upon receipt of the opinion of bond counsel if required by the provisions of Section 11.6, this Indenture shall be modified and amended in accordance therewith and the respective rights, duties and obligations under this Indenture of the City, the Trustee and all registered owners of Bonds, outstanding thereunder shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modification and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. Section 11.4 Trustee May Rely Upon Opinion of Counsel Re: Supplemental Indenture. The Trustee may receive an opinion of counsel as conclusive evidence that any supplemental indenture executed pursuant to the provisions of this Article XI complies with the requirements of this Article XI. Section 11.5 Notation. Bonds authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article XI may bear a notation, in form approved by the Trustee, as to any matter provided for in such supplemental indenture, and if such supplemental indenture shall so provide, new Bonds, so modified as to conform, in the opinion of the Trustee and the Corporate Authorities, to any modification of this Indenture contained in any such supplemental indenture, may be prepared by the City, authenticated by the Trustee and delivered without cost to the registered owners of the Bonds then outstanding, upon surrender for cancellation of such Bonds in equal aggregate principal amounts. Section 11.6 Opinion of Bond Counsel. Prior to the adoption of a supplemental indenture executed pursuant to the provisions of this Article XI the Trustee shall give written notice by mail to the Developer, the Notice Beneficial Owners and the registered owners of all Bonds Outstanding at the addresses as set forth in the Register of the Bonds held by the Bond Registrar of the substance of the proposed supplemental indenture. If within 10 days of the Trustee's mailing such notice any Notice Beneficial Owner or registered owner of the Bonds requests that an opinion of bond counsel be delivered to the effect that such supplemental indenture will not adversely affect the exclusion from gross income of interest on the Bonds for federal income tax purposes, such supplemental indenture shall not become effective until such opinion has been delivered to the Trustee. 41 011.553839.4 ARTICLE XII DEFEASANCE Section 12.1 Defeasance. (a) If the City shall pay or cause to be paid, or there shall otherwise be paid, to the Bondholders of all Bonds the principal or redemption price, if applicable, and interest due or to become due thereon, at the times and in the manner stipulated therein and in this Indenture, then the pledge of the Trust Estate, and all covenants, agreements and other obligations of the City to the Bondholders, shall thereupon cease, terminate and become void and be discharged and satisfied. In such event, the Trustee shall cause an accounting for such period or periods as shall be requested by the City to be prepared and filed with the City and, upon the request of the City, shall execute and deliver to the City all such instruments as may be desirable to evidence such discharge and satisfaction, and the Trustee shall pay over or deliver to the City all moneys or securities held pursuant to this Indenture which are not required for the payment of principal or redemption price, if applicable, of and interest on the Bonds. If the City shall pay or cause to be paid, or there shall otherwise be paid, to the Bondholders of any outstanding Bonds the principal or redemption price and interest due or to become due thereon, at the times and in the manner stipulated therein and in this Indenture, such Bonds shall cease to be entitled to any lien, benefit or security under this Indenture, and all covenants, agreements and obligations of the City to the Bondholders of such Bonds shall thereupon cease, teuiiinate and become void and be discharged and satisfied. (b) Bonds or interest installments for the payment or redemption of which moneys shall have been set aside and shall be held in trust by the Trustee (through deposit by the City of funds for such payment or redemption or otherwise) at the maturity or redemption date thereof shall be deemed to have been paid within the meaning and with the effect expressed in subsection (a) of this Section 12.1. In addition, any Outstanding Bonds shall, prior to the maturity or redemption date thereof, be deemed to have been paid within the meaning and with the effect expressed in subsection (a) of this Section 12.1 upon compliance with the provisions of subsection(c) of this Section 12.1. (c) Subject to the provisions of subsection (d) of this Section 12.1, any Outstanding Bonds shall, prior to the maturity or redemption date thereof, be deemed to have been paid within the meaning and with the effect expressed in subsection (a) of this Section 12.1 if: (i) in case any of said Bonds are to be redeemed on any date prior to their maturity, the City shall have given to the Trustee irrevocable instructions accepted in writing by the Trustee to give as provided in Section 4.5 notice of redemption of such Bonds on said date; (ii) there shall have been deposited with the Trustee either moneys in an amount which shall be sufficient or Defeasance Securities, the principal of and the interest on which when due will provide moneys which, together with the 42 011.553839.4 moneys, if any, deposited with the Trustee at the same time, shall be sufficient, to pay when due the principal or redemption price, if applicable, and interest due and to become due on said Bonds on or prior to the redemption date or maturity date thereof, as the case may be; and (iii) in the event said Bonds do not mature, are not by their terms subject to redemption or, under the plan of refunding applicable thereto, are not to be redeemed, in each case, within the next succeeding ninety (90) days, the City shall have given the Trustee in form satisfactory to it irrevocable instructions to give, as soon as practicable, by first-class mail, postage prepaid, to the owners of such Bonds at their last addresses appearing on the books of the City kept at the office of the Bond Registrar a notice that the deposit required by (ii) above has been made with the Trustee and that said Bonds are deemed to have been paid in accordance with this Section 12.1 and stating such maturity or redemption date upon which moneys are to be available for the payment of the principal or redemption price, if applicable, on said Bonds. (d) Anything in this Indenture to the contrary notwithstanding, any moneys held in trust for the payment and discharge of any of the Bonds which remain unclaimed for one year after the date when such Bonds have become due and payable, either at their stated maturity dates or by call for earlier redemption shall be repaid to the City, as its absolute property and free from trust, and the Trustee shall thereupon be released and discharged, with respect thereto and the Bondholders shall look only to the City for the payment of such Bonds; provided, however, that before being required to make any such payment to the City, the Trustee shall, at the expense of the City, (i) give to the owners of such Bonds as to which any moneys remain unclaimed, by first class mail, postage prepaid, at the last address of such owners appearing on the books of the City kept at the office of the Bond Registrar and (ii) cause to be published one time in an Authorized Newspaper, a notice that said moneys remain unclaimed and that, after a date named in said notice, which date shall be not less than thirty (30) days after the date of the publication of such notice, the balance of such moneys then unclaimed will be returned to the City. (e) Upon the payment or defeasance of all outstanding Bonds as provided in this Article XII, the Trustee and the City shall execute a Satisfaction of Tax Lien substantially in the form of Exhibit C hereto for all Parcels for which a satisfaction of tax lien has not previously been delivered and the City shall file or cause to be filed such Satisfaction of Tax Lien with the Recorder of Deeds of Kendall County, Illinois. ARTICLE XIII MISCELLANEOUS Section 13.1 Severability. If any provision of this Indenture shall be held or deemed to be illegal, inoperative or unenforceable under applicable law or interpreted in such manner as to be prohibited by or be held invalid under such law, such provision shall be ineffective to the 43 011.553839.4 extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Indenture. Section 13.2 Notices. Except as otherwise provided in this Indenture, all notices, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when personally delivered or mailed by certified mail, postage prepaid, or when sent by telecopy(receipt confirmed by telephone) or telegram, addressed as follows: If to the City: United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Attention: Mayor Telephone: (630) 553-4350 Telecopier: (630) 553-7575 If to the Trustee: LaSalle Bank National Association 135 South LaSalle Street, Suite 1960 Chicago, Illinois 60674-9135 Attention: Corporate Trust Telephone: (312) 904-2571 Telecopier: (312) 904-2236 If to the Developer: MPI-2 - Central LLC 6880 North Frontage Road Suite#100 Burr Ridge, Illinois 60527 Attention: Anthony Pasquinelli Telephone: (630) 455-5400 Telecopier: (630) 455-2591 If to the Purchaser: LaSalle Capital Markets, A Division of ABN AMRO Financial Services, Inc. 181 West Madison Street, Suite 3200 Chicago, Illinois 60602 Attention: Public Finance Telephone: 312-904-5752 Telecopier: 312-904-7727 44 011.553839.4 Section 13.3 Holidays. If any date for the payment of an amount hereunder or the taking of any other action required or permitted to be taken hereunder, is not a Business Day, then such payment shall be due, or such action shall or may be taken, as the case may be, on the first Business Day thereafter with the same force and effect as if done on the nominal date provided in this Indenture. Section 13.4 Execution of Counterparts. This Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. Section 13.5 Applicable Law. This Indenture shall be governed by and construed in accordance with the internal laws of the State of Illinois. Section 13.6 Immunity of Officers, Employees, Elected Officials of City. No recourse shall be had for the payment of the principal of or premium, if any, or interest on any of the Bonds or for any claim based thereon or upon any obligation, covenant or agreement contained in this Indenture or any agreement supplemental hereto, against any past, present or future president, trustee or other officer, director, member, employee, attorney or agent of the City, or any incorporator, officer, director, member, trustee, employee or agent of any successor corporation or body politic, as such, either directly or through the City or any successor corporation or body politic, under any rule of law or equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise, and all such liability of any such incorporators, officers, directors, trustees, members, employees or agents, as such, is hereby expressly waived and released as a condition of and consideration for the execution of this Indenture and the issuance of any of the Bonds. 45 011.553839.4 IN WITNESS WHEREOF, the United City of Yorkville, Illinois has caused these presents to be signed in its name and on its behalf by its Mayor and its corporate seal to be hereunto affixed and attested by its City Clerk and to evidence its acceptance of the trusts hereby created LaSalle Bank National Association has caused these presents to be signed in its name and on its behalf by its Authorized Officer, its official seal to be hereunto affixed and the same to be attested by its Authorized Officer, all as of the day and year first above written. UNITED CITY OF YORKVILLE, ILLINOIS By: Mayor [SEAL] Attest: By: City Clerk LASALLE BANK NATIONAL ASSOCIATION, as trustee By: Authorized Officer [SEAL] Attest: By: Authorized Officer 46 011.553839.4 EXHIBIT A UNITED CITY OF YORKVILLE SPECIAL SERVICE AREA NUMBER 2004-104 CENTRAL GRANDE RESERVE LEGAL DESCRIPTION A-1 011.553839.4 EXHIBIT B UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTY OF KENDALL UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS SPECIAL SERVICE AREA NUMBER 2004-104 CENTRAL GRANDE RESERVE SPECIAL TAX BOND SERIES 2004 (MPI GRANDE RESERVE PROJECT) Bond No. Principal Amount: $ Date of Bond: , 2004 Interest Rate: CUSIP: Date of Maturity: Registered Owner: Cede & Co. The United City of Yorkville, Kendall County, Illinois (the "City"), for value received, promises to pay to the Registered Owner specified above or registered assigns, upon presentation and surrender of this bond at the office of LaSalle Bank National Association, Chicago, Illinois, as Trustee (the "Trustee") the Principal Amount of this bond specified above on the Date of Maturity specified above and to pay the Registered Owner of this bond interest on that sum at the Interest Rate per year specified above from the Date of Bond specified above to the Date of Maturity specified above, payable semiannually on March 1 and September 1, with the first interest payment date being March 1, 2005. Interest shall be computed on the basis of a 360-day year of twelve 30-days months. Interest on this bond shall be payable on each interest payment date by check or draft of the Trustee mailed to the person in whose name this bond is registered at the close of business on the 15th day of the month preceding such interest payment date. During such time as this bond is registered so as to participate in a securities depository system with The Depository Trust Company ("DTC"), principal of and interest on this Bond shall be payable by wire transfer pursuant to instructions from DTC. The principal of, interest on and redemption premium on this bond are payable in lawful money of the United States of America. No interest shall accrue on this bond after its Date of Maturity unless this bond shall have been presented for payment at maturity and shall not then have been paid. This bond is one of an authorized issue of bonds in the aggregate principal amount of $ . This bond and the issue of which it is a part (together, the "Series 2004 Bonds") are issued pursuant to the provisions of the "Special Service Area Tax Law," 35 ILCS §200/27-5 et seq., as amended, and the provisions of the Local Government Debt Reform Act, 30 ILCS §350/1 et seq., as amended, and the principal of and interest on the Series 2004 Bonds are payable from special taxes (the "Special Taxes") levied on all taxable real property within the B-1 011.553839.4 United City of Yorkville Special Service Area Number 2004-104 Central Grande Reserve (the "Special Service Area") pursuant to a special tax roll. Additional Bonds on a parity with the Series 2004 Bonds may be issued as provided in the Indenture (as defined below) which shall also be secured by the Special Taxes. The Series 2004 Bonds are being issued for the purpose of paying a portion of the costs of special services to be provided to the Special Service Area, all as more fully described in an ordinance adopted by the Mayor and Board of Trustees of the City on , 2004 (the "Bond Ordinance") and a Trust Indenture dated as of November 1, 2004 between the City and the Trustee (the "Indenture"), to all the provisions of which the holder by the acceptance of this bond assents. Terms not otherwise defined herein shall have the meanings ascribed to such terms in the Indenture. The Series 2004 Bonds, together with the interest thereon, are limited obligations of the City, payable solely from the collection of the Special Taxes and other moneys deposited in certain Funds and Accounts established pursuant to the Indenture. For the prompt payment of the principal of and interest on this bond the Special Taxes are hereby irrevocably pledged. THE SERIES 2004 BONDS DO NOT CONSTITUTE GENERAL OBLIGATIONS OF THE CITY AND NEITHER THE FULL FAITH AND CREDIT NOR THE UNLIMITED TAXING POWER OF THE CITY SHALL BE PLEDGED AS SECURITY FOR THE PAYMENT OF THE SERIES 2004 BONDS. The Series 2004 Bonds are subject to mandatory sinking fund redemption and final payment at a price of par plus accrued interest, without premium, on March 1, of the years and in the amounts as follows: Year Amount 2007 $ 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 B-2 011.553839.4 Year Amount 2027 2028 2029 2030 2031 2032 2033 2034 The City covenants that it will redeem the Series 2004 Bonds pursuant to the mandatory sinking fund redemption requirements for the Series 2004 Bonds to the extent amounts are on deposit in the Bond and Interest Fund. The Series 2004 Bonds are also subject to optional redemption prior to maturity at the option of the City, in whole or in part, on any date on or after March 1, 2014, at a redemption price (expressed as a percentage of the principal amount of the Bonds to be redeemed), as set forth below, plus accrued and unpaid interest to the date of redemption: Redemption Dates Redemption Prices March 1, 2014 through February 28, 2015 102% March 1, 2015 through February 29, 2016 101 March 1, 2016 and thereafter 100 Any optional redemption of Series 2004 Bonds shall be applied, to the extent possible, to reduce pro rata the amount required to be redeemed by mandatory sinking fund redemption pursuant to the Indenture, and so as to maintain the proportion of principal maturing in each year to the total original principal amount of Series 2004 Bonds. The Series 2004 Bonds, are also subject to mandatory redemption on any interest payment date, in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from amounts in the Bond and Interest Fund consisting of the proceeds received by the City in connection with a condemnation of any of the special services or any other property owned by or dedicated to the City within the Special Service Area and allocable to the Series 2004 Bonds as determined by the Consultant and which proceeds are not used by the City to rebuild the Special Services. The Series 2004 Bonds are subject to redemption on any Interest Payment Date, in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, from amounts transferred from the Improvement Fund to the Bond and Interest Fund. B-3 011.553839.4 The Series 2004 Bonds are subject to mandatory redemption on any Interest Payment Date, in whole or in part, at a redemption price equal to the principal amount to be redeemed, together with accrued interest to the date fixed for redemption, without premium, in the event of a mandatory prepayment of the Special Taxes upon a reduction in the Maximum Parcel Special Tax as a result of a change in the expected number of single family lots, townhome lots or duplexes to be built within the Special Service Area or any other event that reduces the total of the Maximum Parcel Special Tax as described in, and in the amounts set forth in, Section C.1 of the Special Tax Report(as defined in the Indenture). The Series 2004 Bonds are also subject to mandatory redemption on any interest payment date, in part, from amounts available for disbursement from the Special Redemption Account and from amounts transferred from the Reserve Fund to the Special Redemption Account in connection with prepayments of the Special Taxes, at a redemption price (expressed as a percentage of the principal amount of the Series 2004 Bonds to be redeemed), as set forth below, together with accrued interest on such Series 2004 Bonds to the date fixed for redemption: Redemption Dates Redemption Prices On or prior to February 28, 2014 103% March 1, 2014 through February 28, 2013 102 March 1, 2015 through February 29, 2016 101 March 1, 2016 and thereafter 100 Any mandatory redemption of the Series 2004 Bonds in part from proceeds from condemnation, proceeds transferred from the Improvement Fund to the Bond and Interest Fund or prepayments of the Special Taxes shall be applied to reduce pro rata the amount of Series 2004 Bonds required to be redeemed by mandatory sinking fund redemption pursuant to the Indenture, and so as to maintain the proportion of principal maturing in each year to the total original principal amount of Series 2004 Bonds. If less than all the Series 2004 Bonds of any maturity are to be redeemed on any redemption date, the Bond Registrar named below will assign to each Series 2004 Bond of the maturity to be redeemed a distinctive number for each $1,000 of principal amount of that Series 2004 Bond. The Bond Registrar will then select by lot from the numbers so assigned, using such method as it shall deem proper in its discretion, as many numbers as, at $1,000 per number, shall equal the principal amount of Series 2004 Bonds of that maturity to be redeemed; provided that following any redemption, no Series 2004 Bonds shall be outstanding in an amount less than the minimum Authorized Denomination except as necessary to effect the mandatory sinking fund redemption of Series 2004 Bonds as provided in the Indenture. B-4 011.553839.4 Notice of the redemption of any Series 2004 Bonds, which by their terms shall have become subject to redemption, will be given to the Notice Beneficial Owners, as defined in the Indenture, and the registered owner of each Series 2004 Bond called for redemption in whole or in part not less than 30 or more than 60 days before any date established for redemption of Series 2004 Bonds, by the Bond Registrar, on behalf of the City, by registered or certified mail sent to the registered owner's last address, if any, appearing on the registration books kept by the Bond Registrar. All notices of redemption shall include at least the designation, date and maturities of Series 2004 Bonds called for redemption, CUSIP Numbers, if available, and the date of redemption. In the case of a Series 2004 Bond to be redeemed in part only, the notice will also specify the portion of the principal amount of the Series 2004 Bond to be redeemed. The mailing of the notice specified above to the registered owner of any Series 2004 Bond will be a condition precedent to the redemption of that Series 2004 Bond, provided that any notice which is mailed in accordance with the Indenture will be conclusively presumed to have been duly given whether or not the owner received that notice. The failure to mail notice to the owner of any Series 2004 Bond, or any defect in that notice, shall not affect the validity of the redemption of any other Series 2004 Bonds. This bond is negotiable, subject to the following provisions for registration and registration of transfer. The City maintains books for the registration and registration of transfer of Series 2004 Bonds at the office of the Trustee, as Bond Registrar. This bond is fully registered on those books in the name of its owner, as to both principal and interest, and transfer of this bond may be registered on those books upon surrender of this bond to the Bond Registrar by the registered owner or his or her attorney duly authorized in writing together with a written instrument of transfer satisfactory to the Bond Registrar duly executed by the registered owner or his or her duly authorized attorney. Upon surrender of this bond for registration of transfer, a new bond or bonds in the same aggregate principal amount and of the same maturity will be issued to the transferee as provided in the Indenture. This bond may be exchanged, at the option of the Registered Owner, for an equal aggregate principal amount of bonds of the same maturity of any other Authorized Denominations, upon surrender of this bond at the office of the Bond Registrar with a written instrument of transfer satisfactory to the Bond Registrar duly executed by the Registered Owner or his or her duly authorized attorney. For every exchange or registration of transfer of this bond, the City or the Bond Registrar may make a charge sufficient to reimburse it for any tax, fee or other governmental charge, other than one imposed by the City, required to be paid with respect to that exchange or registration of transfer, and payment of that charge by the person requesting exchange or registration of transfer shall be a condition precedent to that exchange or registration of transfer. No other charge may be made by the City or the Bond Registrar as a condition precedent to exchange or registration of transfer of this bond. The Bond Registrar shall not be required to exchange or register the transfer of any Series 2004 Bond following the close of business on the 15th day of the month preceding any interest payment date on such Series 2004 Bond, nor to transfer or exchange any Series 2004 Bond after notice calling such Series 2004 Bond for redemption has been mailed, nor during a period of 15 days next preceding mailing of a notice of redemption of any Series 2004 Bonds. B-5 011.553839.4 The City, the Trustee and the Bond Registrar may deem and treat the registered owner of this bond as its absolute owner, whether or not this bond is overdue, for the purpose of receiving payment of the principal of or interest on this bond and for all other purposes, and neither the City, the Bond Registrar nor the Trustee shall be affected by any notice to the contrary. Payment of the principal of and interest on this bond shall be made only to its registered owner, and all such payments shall be valid and effective to satisfy the obligation of the City on this bond to the extent of the amount paid. All conditions which by law must have existed or must have been fulfilled in the issuance of this bond existed and were fulfilled in compliance with law. Provision has been made for the levy, collection and segregation of the Special Taxes sufficient to pay and discharge the principal of this bond at maturity and to pay interest on this bond as it falls due. The issuance of the Series 2004 Bonds by the City will not cause the City to exceed or violate any applicable limitation or condition respecting the issuance of bonds imposed by the law of the State of Illinois or by any indenture, ordinance or resolution of the City. The Series 2004 Bonds are issued for purposes for which the City is authorized by law to issue bonds including but not limited to the payment of a portion of the costs of the special services to be provided to the Special Service Area, making deposits to a reserve fund, administrative expense fund and a capitalized interest account, and paying costs of the City in connection with the issuance of the Series 2004 Bonds. This bond shall not be valid for any purpose unless and until the certificate of authentication on this bond shall have been duly executed by the Trustee. B-6 011.553839.4 IN WITNESS WHEREOF, the United City of Yorkville, Kendall County, Illinois, by its City Council, has caused this bond to be executed by the manual or facsimile signature of its Mayor and attested by the manual or facsimile signature of its City Clerk and has caused its corporate seal to be affixed to this bond (or a facsimile of its seal to be printed on this bond), all as of the Date of Bond specified above. UNITED CITY OF YORKVILLE, ILLINOIS By: Mayor (SEAL) ATTEST: City Clerk B-7 011.553839.4 Date of Authentication: This bond is one of the bonds described in the Indenture authorizing the issuance of $ United City of Yorkville, Kendall County, Illinois Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project). LASALLE BANK NATIONAL ASSOCIATION, as Trustee By: Authorized Signatory For Value Received, the undersigned sells, assigns and transfers to this bond and all rights and title under this bond, and irrevocably constitutes and appoints attorney to transfer this bond on the books kept for registration of this bond. Dated: B-8 011.553839.4 EXHIBIT C (The Above Space For Recorder's Use Only) This Document was prepared by and after recording return to: [Insert name and address of Trustee] SATISFACTION OF TAX LIEN The undersigned duly elected and acting Mayor of the United City of Yorkville, Kendall County, Illinois (the "City"), in consideration of the receipt of the sum of $ , hereby acknowledges and certifies that special taxes levied and to be extended in accordance with the Special Tax Roll approved by the Mayor and City Council of the City pursuant to Ordinance No. (the "Establishing Ordinance") are paid and the lien of such taxes satisfied with respect to the following lots in the City's Special Service Area Number 2004-104 Central Grande Reserve (the "SSA") legally described on Exhibit A attached hereto: Lot PIN The undersigned further certifies that pursuant to Section_ of the Special Tax Roll and Report of attached to and incorporated in the Establishing Ordinance as Exhibit E (the "Special Tax Report"), upon payment of the prepayment amount as calculated pursuant to the Special Tax Report, the Special Taxes which were prepaid shall not be levied on the Parcel for which the prepayment was made. Pursuant to Section _ of the Special Tax Report, the City shall amend the Special Tax Roll each calendar year to reflect the Maximum Parcel Special Tax. Dated: UNITED CITY OF YORKVILLE By: Title: C-1 011.553839.4 Approved by: DAVID TAUSSIG & ASSOCIATES, INC. By: Title: The Trustee hereby acknowledges receipt of the sum of$ LASALLE BANK NATIONAL ASSOCIATION, as trustee By: Title: C-2 011.553839.4 STATE OF ILLINOIS ) ) SS. COUNTY OF ) I, , a Notary Public in and for such County and State aforesaid, do hereby certify that , personally known to me to be the Mayor of the United City of Yorkville, Illinois, whose name is subscribed to the foregoing Satisfaction, appeared before me this day in person and acknowledged that as such officer he signed and delivered the foregoing Satisfaction as such officer of the United City of Yorkville, Illinois, as his free and voluntary act, and as the free and voluntary act and deed of such City, for the uses and purposes therein set forth. Given under my hand and notarial seal, this day of , Notary Public Commission expires: C-3 011.553839.4 EXHIBIT D DISBURSEMENT REQUEST TO: LaSalle Bank National Association, Trustee Chicago, Illinois Attention: Corporate Trust RE: $ United City of Yorkville Kendall County, Illinois Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) Amount Requested: Total Disbursements to Date: 1. Each obligation for which a disbursement is hereby requested is described in reasonable detail in Schedule I hereto together with the name and address of the person, firm, or corporation to whom payment is due, which may include the Developer for reimbursement of amounts expended, and any other payment instructions. 2. The bills, invoices, or statements of account for each obligation referenced in Schedule I are attached hereto as Schedule II. 3. The Issuer hereby certifies that: a. This written requisition is for payment of costs in connection with the issuance of the above-referenced Series 2004 Bonds and the specific purpose for which this request is made is described in Schedule I. b. The disbursement is for payment of a Special Service. c. Such Special Service has been completed in accordance with the terms of the Public Infrastructure Agreement. d. Payment instructions sufficient to make the requested payment are set forth in Schedule I. e. No portion of the amount being requested to be disbursed was set forth in any previous request for disbursement. D-1 011.553839.4 4. All capitalized terms herein shall have the meanings assigned to them in the Trust Indenture for the above-referenced Series 2004 Special Tax Bonds dated as of November 1, 2004 by and between the United City of Yorkville, Kendall County, Illinois and LaSalle Bank National Association, as Trustee. By: Authorized Officer D-2 011.553839. EXHIBIT E CONTINUING DISCLOSURE AGREEMENT UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS SPECIAL SERVICE AREA NUMBER 2004-104 CENTRAL GRANDE RESERVE SPECIAL TAX BONDS, SERIES 2004 (MPI GRANDE RESERVE PROJECT) This Continuing Disclosure Agreement (the "Agreement") is executed and delivered by the United City of Yorkville, Kendall County, Illinois (the "City") and with its principal office at as Dissemination Agent (the "Dissemination Agent") in connection with the issuance by the City of $ aggregate principal amount of Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) (the "Bonds"). The Bonds are being issued pursuant to a Trust Indenture dated as of November 1, 2004 between the City and LaSalle Bank National Association, as trustee (the "Indenture"). The City and the Dissemination Agent covenant and agree as follows: Section 1. Purpose of the Agreement. This Agreement is being executed and delivered by the City and the Dissemination Agent for the benefit of the holders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with S.E.C. Rule 15c2-12(b)(5). Section 2. Definitions. In addition to the definitions set forth in the Indenture, which apply to any capitalized term used in this Agreement unless otherwise defined in this Section, the following capitalized terms shall have the following meanings: "Annual Report" shall mean any Annual Report provided by an Obligated Person pursuant to, and as described in, Sections 3 and 4 of this Agreement. "Beneficial Owner" shall mean any person which (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of any Bonds for federal income tax purposes. "Disclosure Representative" shall mean the City Administrator or his or her designee, or such other officer or employee as the City shall designate in writing to the Dissemination Agent from time to time. "Dissemination Agent" shall mean initially or any successor Dissemination Agent appointed by the City pursuant to Section 7 of this Agreement to serve as Dissemination Agent and which has filed with the City a written acceptance of such designation. "Listed Events" shall mean any of the events listed in Section 5 of this Agreement. 011.553839.4 "National Repository" or "NRMSIR" shall mean any Nationally Recognized Municipal Securities Information Repository for purposes of the Rule, The National Repositories currently approved by the Securities and Exchange Commission are set forth in Exhibit A. "Obligated Person" shall mean the City. "Participating Underwriter" shall mean any of the original underwriters of the Bonds and any remarketing agent approved in writing by the City who is retained by the City to remarket the Bonds and who is required to comply with the Rule in connection with the remarketing of the Bonds. "Repository" shall mean each National Repository and each State Repository. "Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. "State Repository" shall mean any public or private repository or entity designated by the State of Illinois as a state repository for the purpose of the Rule and recognized as such by the Securities and Exchange Commission. As of the date of this Agreement, there is no State Repository. Section 3. Provision of Annual Reports. (a) Within 210 days after the end of each fiscal year of the Obligated Person (which currently ends ), commencing with the first fiscal year after the Rule becomes applicable to the Bonds, the Obligated Person shall, or shall cause the Dissemination Agent to, provide to each Repository,. an Annual Report which is consistent with the requirements of Section 4 of this Agreement. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Agreement, provided that the audited financial statements of the Obligated Person may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the Obligated Person's fiscal year changes, it shall give notice of such change in the same manner as for a Listed Event under Section 5 of this Agreement. (b) Not later than ten (10) business days prior to the date required in subsection (a), the Obligated Person shall provide the Annual Report to the Dissemination Agent. If the Obligated Person is unable to provide to the Repositories an Annual Report by the date required in subsection (a), the Dissemination Agent shall send a notice to the State Repository, if any, and to each National Repository or the Municipal Securities Rulemaking Board in substantially the form attached as Exhibit B. E-2 011.553839.4 (c) The Dissemination Agent shall: (i) determine each year, prior to the date for providing the Annual Report the name and address of each National Repository and State Repository, if any, and (ii) file a report with the Obligated Person certifying that the Annual Report has been provided pursuant to this Agreement, stating the date it was provided and listing all the Repositories to which it was provided. Section 4. Content of Annual Reports. The City's Annual Report shall contain or incorporate by reference the following items: (a) The City's audited financial statements for the prior fiscal year, prepared in accordance with generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards (1988 Revision), issued by the Comptroller General of the United States. The City may from time to time, in order to comply with federal or State legal requirements, modify the basis upon which its financial statements are prepared. Notice of any such modification shall be provided to (i) either each NRMSIR or the Municipal Securities Rulemaking Board and (ii) the State Repository, if any, and shall include a reference to the specific federal or State law or regulation describing such accounting basis. If the City's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3.(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. If a change is made to the basis on which financial statements are prepared, the annual financial information for the year in which the change is made shall present a comparison between the financial statements or information prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. Such comparison shall include a qualitative and, to the extent reasonably feasible, quantitative discussion of the differences in the accounting principles and the impact of the change in the accounting principles on the presentation of the financial information. (b) The Annual Report shall include financial information and operating data relating to the City updating the financial information and operating data presented in the Limited Offering Memorandum dated , 2004 relating to the Bonds (the "Offering Memorandum") under the following captions (provided, however, that the updating information may be provided in such format as the City deems appropriate; and provided further, that if a new disclosure document is prepared at or prior to the time the Rule becomes applicable to the Bonds, the City and the Participating Underwriters, who are subject to the Rule, may select such other financial information and operating data presented in such disclosure document in addition to, or in lieu of, the information described below): E-3 011.553839.4 "DEBT SERVICE REQUIREMENTS— — Expected Special Taxes and Debt Service Coverage" [adjusted to reflect actual debt service and debt service reserve earnings] "SECURITY AND SOURCE OF PAYMENT FOR THE BONDS— — Representative Property Taxes" "THE CITY— — Number of Residential Building Permits" - Equalized Assessed Value" If the City changes its fiscal year, the City shall send, or cause to be sent, notice of such change to (A) either each NRMSIR or the Municipal Securities Rulemaking Board and(B) the National Repository, if any. (c) The Annual Report shall include a copy of the Trustee's annual report pursuant to Section 10.9 of the Indenture showing the Special Taxes received, and all disbursements from the Funds and Accounts administered by the Indenture, including the balances in all Funds and Accounts relating to the Bonds and the Special Services as of the end of such fiscal year. (d) The Annual Report shall include a copy of the semi-annual reports regarding collection of taxes, delinquencies, tax sales and foreclosures delivered by the Consultant pursuant to Section 4.1 of the [Consulting Services Agreement] for the prior fiscal year. Any or all of the items listed above may be incorporated by specific reference to other documents, including official statements of debt issues of the City or related public entities, which have been submitted to each of the Repositories or the Securities and Exchange Commission. If the document incorporated by reference is a final official statement, it must be available from the Municipal Securities Rulemaking Board. The City shall clearly identify each such other document so incorporated by reference. The City will also provide, or cause to be provided, in a timely manner, to (i) either each NRMSIR or the Municipal Securities Rulemaking Board and (ii) the National Repository, if any, notice of a failure to satisfy the requirements of this Section. Section 5. Reporting of Significant Events. (a) Pursuant to the provision of this Section 5, the Dissemination Agent shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material: E-4 011.553839.4 (i) Principal or interest payment delinquencies, (ii) Non-payment related defaults, (iii) Modification to rights of owners of the Bonds, (iv) Optional, contingent or unscheduled calls of the Bonds, (v) Defeasances, (vi) Rating Changes, (vii) Adverse tax opinions or events affecting the tax-exempt status of the Bonds, (viii) Unscheduled draws on any reserve fund for the Bonds reflecting financial difficulties, (ix) Unscheduled draws on any credit enhancements reflecting financial difficulties, (x) Substitution of any credit or liquidity facility providers or their failure to perform, (xi) Release, substitution or sale of property (other than the sale of homes in the ordinary course) securing repayment of the Bonds. (b) The Dissemination Agent shall, within one business day of obtaining actual knowledge of the occurrence of any of the Listed Events, contact the Disclosure Representative, inform such person of the event and request that the City promptly notify the Disseminating Agent in writing whether or not to report the event pursuant to subsection (f). (c) Whenever the Obligated Person obtains knowledge of the occurrence of a Listed Event, whether because of notice from the Dissemination Agent pursuant to subsection (b) or otherwise, the Obligated Person shall as soon as possible determine if such event would be material under applicable federal securities laws. (d) If the Obligated Person determines that knowledge of the occurrence of a Listed Event would be material under applicable federal securities laws, the Obligated Person shall promptly notify the Dissemination Agent in writing. Such notice shall instruct the Dissemination Agent to report the occurrence pursuant to subsection (f). (e) If in response to a request under subsection (b), the City determines that the Listed Event would not be material, the City shall so notify the Dissemination Agent in writing and instruct the Dissemination Agent not to report the occurrence pursuant to subsection(f). E-5 011.553839.4 (f) If the Dissemination Agent has been instructed by the City to report the occurrence of a Listed Event, the Dissemination Agent shall file a notice of such occurrence with the State Repository, if any, and the Municipal Securities Rulemaking Board or each National Repository. Notwithstanding the foregoing, notice of Listed Events described in subsections (a)(4) and (5) need not be given under this subsection any earlier than the notice, if any, of the underlying event is given to holders of affected Bonds pursuant to the Indenture. Section 6. Termination of Reporting Obligation. The Obligated Person's obligations under this Agreement shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the Obligated Person shall give notice of such termination in the same manner as for a Listed Event under Section 5. Section 7. Dissemination Agent. The Obligated Person may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Agreement and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. The Dissemination Agent shall not be responsible in any manner for the content of any notice or report prepared by an Obligated Person pursuant to this Agreement. Section 8. Amendment; Waiver. Notwithstanding any other provision of this Agreement, the Obligated Person and the Dissemination Agent may amend this Agreement (and the Dissemination Agent shall agree to any amendment so requested by the Obligated Person), and any provision of this Agreement may be waived, provided that the following conditions are satisfied: (a) If the amendment or waiver relates to the provisions of Section 3(a), 4, or 5(a), it may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature or status of an obligated person with respect to the Bonds; (b) The undertaking, as amended or taking into account such waiver, would not in the opinion of nationally recognized bond counsel or counsel expert in federal securities law in and of itself cause the undertakings therein to violate the Rule, taking into account any subsequent change in or official interpretation of the Rule. In the event of any amendment or waiver of a provision of this Agreement, the Obligated Person shall describe such amendment in the next Annual Report, and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Obligated Person. Section 9. Additional Information. Nothing in this Agreement shall be deemed to prevent the Obligated Person from disseminating any other information, using the means of dissemination set forth in this Agreement or any other means of communication, or including any other information in any Annual Report or notice of occurrence of a Listed Event, in E-6 011.553839.4 addition to that which is required by this Agreement. If the Obligated Person chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Agreement, the Obligated Person shall have no obligation under this Agreement to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event. Section 10. Default. If the Obligated Person or the Dissemination Agent fails to comply with any provision of this Agreement, the Dissemination Agent or any holder or Beneficial Owner of Bonds may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the Obligated Person or the Dissemination Agent to comply with its obligations under this Agreement. A default under this Agreement shall not be deemed a default under the Indenture and the sole remedy under this Agreement in the event of any failure of the Obligated Person or the Dissemination Agent to comply with this Agreement shall be an action to compel performance. Section 11. Duties, Immunities and Liabilities of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Agreement and the Obligated Person, to the extent permitted by law, agrees to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which it may occur arising out of or in the exercise or performance of its powers and duties hereunder, including the costs and expenses (including attorneys fees) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent's negligence or willful misconduct. The obligations of the Obligated Person under this Section shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. Section 12. Beneficiaries. This Agreement shall inure solely to the benefit of the Obligated Person, the Dissemination Agent, the Participating Underwriter and the holders and Beneficial Owners of the Bonds, and shall create no rights in any other person or entity. Section 13. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but such counterparts shall together constitute but one and the same instrument. [The rest of this page is intentionally left blank.] E-7 011.553839.4 Date: , 200_. UNITED CITY OF YORKVILLE By: Title: , as Dissemination Agent By: Title: E-8 011.553839.4 EXHIBIT A Nationally Recognized Municipal Securities Information Repositories approved by the Securities and Exchange Commission as of the date of this Agreement: Bloomberg Municipal Repository P.O. Box 940 Princeton,New Jersey 08542-0940 Internet address: MUNIS@bloomberg.doc (609) 279-3200 FAX (609) 279-5962 Thomson NRMSIR Attn.: Municipal Disclosure 395 Hudson Street; 3rd Floor New York, New York 10014 Internet address: Disclosure@muller.com (212) 807-3814 FAX (212) 989-9292 Kenny Information Systems, Inc. 65 Broadway, 16th Floor New York, New York 10006 (212) 770-4595 FAX (212) 797-7994 DPC Data, Inc. One Executive Drive Fort Lee,NJ 07024 (201) 346-0701 FAX (201) 947-0107 011.553839.4 EXHIBIT B NOTICE OF FAILURE TO FILE ANNUAL REPORT Name of Obligated Person: United City of Yorkville, Kendall County, Illinois Name of Bond Issue: $ Special Service Area Number 2004-104 Central Grande Reserve Special Tax Bonds, Series 2004 (MPI Grande Reserve Project) Date of Issuance: , 2004 NOTICE IS HEREBY GIVEN that as an Obligated Person under Rule 15c2- 12(b)(5) has not provided an Annual Report with respect to the above-named Bonds as required by the Indenture authorizing the issuance of the Bonds. The Obligated Person anticipates that the Annual Report will be filed by Dated: Dissemination Agent By: Title: 011.553839.4