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HomeMy WebLinkAboutCity Council Packet 2004 02-24-04 J 0, United City of Yorkville �p EST. ®�1836 County Seat of Kendall County 800 Game Farm Road ,� ++ f/1 Yorkville, Illinois 60560 AGENDA O ( O Phone:630-553-4350 LICS n = Fax:630-553-7575 li NeMeP Courcy CITY COUNCIL.MEETING �`4LE `w CITY COUNCIL CHAMBERS 7:00 PM Tuesday, February 24,2004 Call to Order: 7:00 p.m. Pledge of Allegiance: Roll Call by Clerk: WARD I WARD II WARD III WARD IV Rich Sticka Valerie Burd Marty Munns Joe Besco Paul James Larry Kot Wanda Ohare Rose Aim Spears Establishment of Quorum: Introduction of Guests: Amendments to Agenda: Committee Meeting Dates: Public Works Committee Meeting: Ad-hoc: Technology Committee 7:00 p.m., Monday, March 22, 2004 To Be Announced City Hall Conference Room Economic Development Committee: 7:00 p.m., Thursday, March 18, 2004 City Hall Conference Room Administration Committee Meeting: 6:30 p.m., Thursday, March 11, 2004 City Hall Conference Room Public Safety Committee Meeting: 6:30 p.m., Thursday, February 26, 2004 City Hall Conference Room Public Hearings: 1. Pollution Control Ordinance Citizen Comments: Presentations: 1. Kevin McCanna of Speer Financial - Countryside and Hydraulic Bond Sale Update City Council Meeting Agenda February 24, 2004 Page 2 Consent Agenda 1. School Facility Planning— Scope of Services by Mike Schoppe—authorize in an amount not to exceed $9500.00 2. Resolution Creating the Position of Community Relations Manager—authorize Mayor and City Clerk to execute 3. SPS Service Support Agreement—authorize Finance Director to execute in an amount not to exceed $9000.00 4. Ordinance Abating the Tax Heretofore Levied for the Year 2002 to Pay Debt Service on$625,000 Alternate Revenue Source Series 2002 Bond- authorize Mayor and City Clerk to execute 5. Resolution Approving the Revised Job Description of the Part-time Office Assistant - authorize Mayor and City Clerk to execute Plan Commission/Zoning Board of Appeals: Minutes for Approval(Corrections and Additions): Minutes of City Council—February 10, 2004 Minutes of Committee of the Whole—June 17, 2003 Bill payments for approval from the current Bill List (Corrections and Additions): Checks total these amounts: $ 648,764.40 (vendors) $ 126,856.69 (payroll period ending 2/11/04) $ 775,621.09 (total) Reports: Mayor's Report: 1. Proclamation for Peace Corps Week—March 1-7, 2004 2. Certificate of Recognition to Mary K. Sanders, Peace Corps Volunteer 3. FY 04/05 Budget Presentation at the March 2nd Committee of the Whole Meeting Attorney's Report: City Clerk's Report: City Treasurer's Report: City Council Meeting Agenda February 24, 2004 Page 3 Reports (con't): City Administrator's Report: Finance Director's Report: Director of Public Works Report: Chief of Police Report: Executive Director of Parks&Recreation Report: Community&Liaison Report: Committee Reports: Public Works Committee Report: 1. No Report. Economic Development Committee Report: 1. No Report. Public Safety Committee Report: 1. No Report Administration Committee Report: 1. Alternate Revenue Bond - 3.5 Million Countryside Interceptor 2. Debt Certificate - 1.6 Million Corn Ed Sewer 3. Proposing Ordinances for Grande Reserve SSA a. SSA Number 2004-103 for North Grande Reserve b. SSA Number 2004-104 for Central Grande Reserve c. SSA Number 2004-105 for South Grande Reserve d. SSA Number 2004-106 for Total Grande Reserve Additional Business: Executive Session: 1. For the appointment, employment, compensation, discipline, performance, or dismissal of specific employees. 2. For the purchase or lease of real property for the use of the public body. Adjournment: City Council Meeting Agenda February 24, 2004 Page 4 COMMIT FEES, MEMBERS ANT)RESPONSIBILITIES F/Y 2003 —2004 PUBLIC WORKS; Committee Departments Liaisons Chairman: Alderman Besco Water and Sewer Park Board Vice-Chair: Alderman Munns Streets and Alleys YB SD Committee: Alderman Sticka Sanitation and Waste Committee: Alderman Kot 1CONOMIC DEVELOPMENT; Committee Departments Liaisons Chairman: Alderman Sticka Planning&Building& Zoning Chamber of Commerce Vice Chair: Alderwoman Burd Business&Economic Dev. Kendall County Econ. Dev. Committee: Alderwoman Ohare Plan Commission Committee: Alderman Besco Bristol Plan Commission Yorkville Econ. Dev. Corp. Aurora Area Convention& Tourism Council Downtown Re-development 'PUBLIC SAFETYI Committee Departments Liaisons Chairman: Alderman Kot Police Human Resource Comm. Vice Chair: Alderwoman Ohare Schools School District Committee: Alderwoman Spears Public Relations KenCom Committee: Alderman James ;ADMINISTRATION; Committee Departments Liaisons Chairman: Alderwoman Spears Finance Metra Vice Chair: Alderman James Public Properties Library Committee: Alderwoman Burd Personnel Cable Consortium Committee: Alderman Munns City Council Meeting Agenda February 24, 2004 Page 5 IAD-HOC: TECHNOLOGY; Committee Chairman: Alderman Munns Vice Chair: Alderman Kot Committee: Alderman Sticka Committee: Alderwoman Ohare CITY OF YORKVILLE POLLUTION CONTROL FACILITY SITING ORDINANCE Section 1. DEFINITIONS Whenever the following terms are used in this Chapter, they shall have the meanings respectively ascribed to them as hereinafter provided: ACT: "The Environmental Protection Act,"415 Illinois Compiled Statutes 5/1 et seq. APPLICANT: Any person, partnership, firm, association, corporation, Municipal corporation or unit of local government, company or organization of any kind that files a request for siting approval pursuant to this Chapter. CITY: City of Yorkville, Kendall County, Illinois. CITY CLERK: The Yorkville City Clerk. CITY COUNCIL: The Yorkville City Council. FACILITY: A new pollution control facility as defined in the Act. PETITION: The application filed by the applicant requesting site approval for a facility. In addition, all other words used in this Chapter and defined in the Act shall have the same definitions and meanings as set forth in the Act. Section 2. NOTICE OF REQUEST FOR SITING APPROVAL A. No later than 14 days before the date on which the county board or governing body of the municipality receives a request for site approval, the applicant shall cause written notice of such request to be served either in person or by registered mail, return receipt requested, on the owners of all property within the subject area not solely owned by the applicant, and on the owners of all property within 250 feet in each direction of the lot line of the subject property, said owners being such persons or entities which appear from the authentic tax records of the Kendall County; provided, that the number of all feet occupied by all public roads, streets, alleys and other public ways shall be excluded in computing the 250 feet requirement; provided further, that in no event shall this requirement exceed 400 feet, including public streets, alleys and other public ways. B. Such written notice shall also be served upon members of the General Assembly from the legislative district in which the proposed facility is located and shall be published in a newspaper of general circulation. C. Such notice shall state the name and address of the applicant, the location of the proposed site, the nature and size of the development, the nature of the activity proposed, the probable life of the proposed activity, the date when the request for site approval will be submitted, and a description of the right of persons to comment on such request as hereafter provided. Section 3. APPLICATION FOR SITING APPROVAL A. A minimum of fifteen(15) complete copies of requests for siting approval, including fifteen(15) copies of all site plans, exhibits and maps, shall be delivered to the office of the City Clerk. Upon receipt of any such request for siting approval, the City Clerk shall date stamp same and immediately deliver eight(8) copies of the request for siting approval to the City Council, one copy to the City Administrator, one copy to the Director of Public Works, one copy to the City Engineer, and one copy to the office of the City Attorney. B. A copy of the request for siting approval shall be made available for public inspection in the office of the City Clerk, and members of the public shall be allowed to obtain a copy of the request for siting approval or any part thereof upon payment of the actual cost of reproduction. All copying requests shall be fulfilled by the City Clerk within a reasonable time from the time of the request and otherwise in conformance with the Freedom of Information Act. C. Requests for siting approval shall include the following: 1. A written petition on eight and one-half inches by eleven inches (8 1/2"x 11") paper which sets forth: a. The identification of the applicant and owner and, if the proposed site is owned in a trust, the beneficiary(ies). b. The legal description of the proposed site and a street address or some other reasonable description of where the proposed site is located. c. A description of the proposed facility, its operation and the expected longevity thereof. d. The area to be served by the proposed facility and a statement of the needs in such area for such a facility. e. The expected types, amounts and methods of treatment or storage of all wastes proposed for the site and the origins of these wastes. f. The monitoring plans, including background analyses for ground water, surface water and air. g. The plans for closure of the site and continued monitoring thereafter. h. Reasons supporting approval of the request. i. A prayer for siting approval. 2. The request for a permit made to the Illinois Environmental Protection Agency, if any such request has been made. 3. A site plan showing details of the proposed facility including, but not limited to: a. Cross-sections; b. All existing wells within five hundred feet (500') of the site; c. All monitoring wells; d. Fences,buildings and other structures; e. Roads, entrances and driveways; and f. Core sample locations on and within two hundred feet (200') of the site. 4. A detailed topographic survey of the subject site and the surrounding area within five hundred feet (500') which indicates land use and, if applicable, the boundary of the 100-year flood plain. 5. A statement of the plan of operation for the proposed facility including, but not limited to, the following: 2 a. Method of landfilling, incineration, composting,resource recovery or other process; b. Hours of operation; c. Personnel and their training; d. Litter, vector, dust and odor control; e. Surface drainage and erosion control; f. Fire control; and g. Corrective actions for spills and other operational accidents. 6. A statement or report of traffic impact regarding the proposed site including the anticipated number of vehicles and their size, weight and direction of movement. 7. All studies, maps,reports, permits or exhibits which the applicant desires the City to consider at the public hearing, including all documents submitted to the Illinois Environmental Protection Agency pertaining to the proposed facility. 8. Certificates of insurance, from companies having a Best rating of A VI or better, verifying the insurance policies carried by the applicant to cover accidents such as fires, explosions, nonsudden accidental occurrences and pollution impairment. 9. If the site is a proposed hazardous waste facility, a copy of the Resource Conservation Recovery Act Contingency Plan. 10. A statement describing the past operating experience of the applicant (and any subsidiary, parent corporation or subsidiary of the parent corporation) in the field of solid waste management. 11. A statement citing the past record of convictions of admissions of violations of the applicant(and any subsidiary, parent corporation or subsidiary of the parent corporation). Said statement shall include,but not be limited to, a citation of the applicable statute or ordinance violated, a brief written summary of the violation or conviction and the penalty imposed. 12. Proof of notice given by an applicant pursuant to section 5/39.2(6) of the Act. a. A dollar($ ) application fee in the form of a certified or cashier's check to cover notice costs, court reporter costs, transcription costs, City consultant costs and other expenses incurred by the City in conducting the review of the request for siting approval, the subsequent public hearing and the siting approval decision; provided, however, that any portion of the application fee that remains unexpended at the conclusion of the siting approval decision shall be returned to the applicant. b. In the event that, at any time prior to the conclusion of the siting approval decision, the City has expended such sums as to reduce the balance of the application fee to a figure less than dollars ($ ), the applicant will be notified in writing with a list of expenses incurred. The applicant would then have fourteen(14) days to deposit with the City Clerk, an additional dollars($ ) in the form of a certified or cashier's check. Any portion of the fees, including any additional fees that remain unexpended at the conclusion of the siting approval decision, shall be returned to the applicant. 13. The pages of the application and all exhibits submitted to the City shall be consecutively numbered. 3 D. An application for siting approval may not be filed which is substantially the same as a request which was disapproved pursuant to a finding against an applicant under any of criteria of subsection 9B of this Chapter within the preceding two (2) years. E. No application for siting approval shall be deemed to have been filed or accepted for filing unless all of the requirements of this Chapter applicable thereto shall have been met, and the City Clerk shall not give a receipt or other indication of filing until such time as it is determined by the Department of Public Works that the application complies with the requirements of this Chapter, specifically, subsection C of this Section. Within twenty one (21) days after delivery of an application, the City Clerk shall advise the applicant either: 1. That the application is complete and that it has been accepted for filing, designating the date of filing; or 2. That the application is not complete, specifying wherein it is deficient. The acceptance of the application by the City Clerk is a pro forma acceptance. The applicant is solely responsible for providing sufficient technical information to meet its burden of proving the criteria cited in section 5/39.2(a) of Act, as may be amended from time to time. The City Clerk shall cause to have published no later than thirty(30) days after the date of filing of the application a black border notice stating that such application and supporting evidence are available in the City Clerk's office for public inspection. F. In order to give members of the public an opportunity to make informed written comment pursuant to section 5/39.2(c) of the Act and to give members of the public and departments of the City an opportunity to prepare adequately and fairly for the public hearing hereinafter described, the applicant must fully comply with all application requirements as set forth in subsection C hereof. Failure to submit any required information with the application shall render such required information inadmissible at said public hearing. G. At any time prior to the completion by the applicant of the presentation of the applicant's factual evidence and an opportunity for cross-examination by the City Council and any participants, the applicant may file not more than one amended application upon payment of additional fees in the sum of dollars ($ ); provided, however, that the time limitations for final action by the City Council shall be extended for an additional period of ninety(90) days. H. Other amendments may be made if, in the opinion of the City Council, any such proposed amendment is nonsubstantive and a majority of the City Council allows such amendments. Section 4. REVIEW OF APPLICATION A. Upon receipt of a copy of a request for siting approval, the Director of Public Works shall notify the following of such receipt: 1. Department of Zoning Appeals. 2. Plan Commission. 3. Budget Officer. 4. Building Inspector. 4 5. All City consultants. B. The Department of Public Works shall be the Department responsible for coordinating review of the request for siting approval by those mentioned above and is authorized to call meetings and set deadlines for the submittal of reports and recommendations. C. Those mentioned above are authorized to prepare and submit reports and recommendations in response to the request for siting approval. Preliminary reports, reports, studies, exhibits and any written comments concerning the appropriateness of the proposed site that the City departments and consultants desire to submit for the record at the public hearing shall be filed with the City Clerk no later than ten(10) days in advance of the date set for public hearing. In the event that the tenth day prior to the date set for public hearing falls on a Saturday, Sunday or holiday, the next working day shall be considered the day that such information shall be filed. Copies of such information shall be available for public inspection in the office of the City Clerk. Members of the public shall be allowed to obtain copies of such information upon payment of the actual cost of reproduction. D. Those mentioned above may attend the public hearing and may ask such questions as needed to assist in reaching their recommendations. E. The City departments and consultants retained by the City are authorized to present testimony at the public hearing as hereinafter described. Section 5. INFORMATION FROM OTHER PARTIES All reports, studies, exhibits or other evidence or copies thereof, other than testimony, which any person, other than the applicant, desires to submit for the record at the public hearing must be filed with the City Clerk at least ten(10) days before the public hearing. In the event that the tenth day prior to the date set for public hearing falls on a Saturday, Sunday or holiday, the next working day shall be considered the day that such information must be filed. Copies of such information shall be available for public inspection in the office of the City Clerk. Members of the public shall be allowed to obtain copies of such information upon payment of the actual cost of reproduction. Section 6. PUBLIC HEARING A. When Held: 1. No sooner than ninety(90)but no later than one hundred twenty (120) days from the date of filing of the request for siting approval with the City Clerk, a public hearing shall be held by the City Council. 2. Within twenty(20) working days of the date a request for siting approval is accepted for filing, the City Council shall determine the date, time and location of said public hearing, but in any event, the public hearing must be scheduled to commence no sooner than ninety(90) days but no later than one hundred twenty (120) days from the date the request for siting approval was accepted for filing by the City Clerk. 5 B. Notice of Hearing: The City Council shall notify the City Clerk of the date upon which such hearing shall be held and shall request the City Clerk to cause notice of such hearing to be made as follows: 1. Publish two (2) legal notices in a newspaper of general circulation published in the County of the proposed facility. One such notice shall be published no later than sixty(60) days from the date of filing of an application, and one such notice shall be published no later than seventy five (75) days from the date of filing of an application. Such notices shall consist of the following: a. The name and address of the applicant. b. The owners of the site and, in case ownership is in a land trust,the names of the beneficiaries of said trust. c. The legal description of the site. d. The street address of the property and, if there is no street address applicable to the property, a description of the site with reference to location, ownership or occupancy or in some other manner that will reasonably identify the property to residents of the neighborhood. e. The nature and size of the proposed development. f. The nature of the activity proposed. g. The probable life of the proposed activity. h. The time and date of the public hearing. i. The location of the public hearing. j. A statement that all copies of evidence other than oral testimony to be submitted at the public hearing must be filed with the City Clerk at least ten (10) days before the public hearing. 2. Certified mail to all members of the general assembly from the district in which the proposed site is located. 3. Certified mail to the Illinois Environmental Protection Agency. 4. Certified mail to the County of Kendall and all municipalities within one and one- half(1 1/2)miles of the proposed facility. 5. Public hearing notice in a newspaper of general circulation published as a display at least once during the week preceding the public hearing. Such notice shall consist of all items described in subsection B1 above except for items lc and lj. C. Hearing Procedures: 1. The Mayor shall preside over the public hearing and shall make any decisions concerning the admission of evidence and the manner in which the hearing is conducted, subject to this Chapter. The Mayor shall make all decisions and rulings in accordance with fundamental fairness. The Mayor may exclude irrelevant, immaterial, incompetent or unduly repetitious testimony or other evidence. No ruling of the Mayor shall be appealable. 2. The applicant for siting approval shall have the burden of going forward with evidence of the suitability of the site location for the proposed use. 3. Any person appearing at such public hearing shall have the right to give testimony and comment on the suitability of the site location for the proposed use. Any 6 person shall have the right to be represented by an attorney at said public hearing. Such persons shall have the right of reasonable cross-examination. 4. Conduct of the public hearing shall be as follows: a. Call to order. b. Recognition of the applicant and identification of the request for siting approval. c. Recognition of fees, notices and dates of filing of the request for siting approval. d. Recognition of the City staff and consultants and other parties wishing to testify and any other reports, exhibits,maps or documents of record as filed pursuant to this Chapter. All parties, including members of the public, intending to testify or cross-examine must sign in or submit written notification of said intent to the City Clerk on or before the first day of the public hearing. Should the public hearing extend beyond one day, additional parties or members of the public, not of record as of the first day of the public hearing, will not be allowed to present testimony or cross-examine. e. The applicant, the City and other parties may make an opening statement. f. The City Council shall then hear testimony and receive evidence from the applicant and/or any witnesses the applicant may wish to call. Upon the close of the applicant's testimony, other parties may offer expert witnesses and evidence they may wish to present. These other parties may or may not be represented by counsel. Upon the close of the applicant's and other parties' testimony and evidence, the City may present any witnesses and evidence it wishes to present. g. All witnesses shall testify under oath. Testimony may include the use of exhibits. All witnesses shall be subject to reasonable questioning, as follows: direct, cross-examination, redirect, recross, etc. After all parties have presented testimony, reasonable rebuttal, sur-rebuttal, etc., may be allowed at the discretion of the Mayor. h. Should any issues, facts, data or other evidence arise during the course of the public hearing which were not apparent or reasonably foreseeable by a party from the request for siting approval as filed with the City Clerk, such situation may constitute grounds for a recess in the public hearing for a period not to exceed five (5) working days. i. Summary statements by applicant, other parties and the City, subject to limitations as imposed by the Mayor. j. Rebuttal statement, if any,by the applicant, subject to limitations as imposed by the Mayor. k. Hearing closed. Section 7. PUBLIC COMMENT A. The City Clerk shall receive written comment from any person concerning the appropriateness of the proposed site. Upon receipt of any such written comment, the City Clerk 7 shall date stamp and shall file such written comment and the postmarked envelope in which such comment was received. B. Copies of such written comments shall be made available for public inspection in the office of the City Clerk, and members of the public shall be allowed to obtain a copy of any written comment upon payment of the actual cost of reproduction. C. Any written comment received by the City Clerk or postmarked not later than thirty(30) days after the close of the public hearing shall be made part of the record of the public hearing as hereinafter described, and the City Council shall consider any such timely written comments in making its final determination concerning said siting request. In the event that the thirtieth day falls on a Sunday or a Federal holiday, the next day on which mail is delivered shall be considered the thirtieth day for purposes of this subsection. Section 8. RECORDS KEPT A. The City Clerk shall be responsible for keeping the records of said hearing. The record shall consist of the following: 1. The request for siting approval as described in subsection 3C hereof. 2. Proof of notice as described in subsection 6B hereof. 3. Written comments filed by the public and received by the City Clerk or postmarked within thirty (30) days of the close of the hearing. 4. All reports, studies, exhibits or documents received into evidence at the public hearing. 5. The transcript of the public hearing. 6. Findings of fact and recommendation of the City Council. 7. The resolution containing the final decision of the City Council. B. The City Clerk shall be responsible for certifying all copies of the record of the public hearing. Section 9. SITING APPROVAL DECISION A. After the public hearing and any continuation thereof, the City Council shall hold a public review meeting for purposes of establishing findings of fact and a recommendation concerning the siting approval request. Any findings of fact and recommendation shall be supported by the record. A written resolution thereof shall be presented to the City Council within one hundred seventy (170) days from the City Clerk's acceptance of the filing of the siting approval request. B. In making its recommendation on the request for siting approval, the City Council shall base its decision on the following criteria: 1. The facility is necessary to accommodate the waste needs of the area it is intended to serve; 2. The facility is so designed, located and proposed to be operated that the public health, safety and welfare will be protected; 8 3. The facility is located so as to minimize incompatibility with the character of the surrounding area and to minimize the effect on the value of the surrounding property; 4. The facility is located outside the boundary of the 100-year flood plain; 5. The plan of operations for the facility is designed to minimize the danger to the surrounding area from fire, spills or other operational accidents; 6. The traffic patterns to or from the facility are so designed as to minimize the impact on existing traffic flows; 7. If the facility will be treating, storing or disposing of hazardous waste, an emergency response plan exists for the facility which includes notification, containment and evacuation procedures to be used in case of an accidental release; 8. If the facility will be located within a regulated recharge area, any and all applicable requirements specified by the Illinois Pollution Control Board for such area have been met; and 9. If a solid waste management plan was previously adopted for Kendall County prior to the filing of the Petition, the facility is consistent with that plan. C. The City Council shall consider as evidence the previous operating experience and past record of convictions or admissions of violations of the applicant(and any subsidiary, parent corporation or subsidiary of the parent corporation) in the field of solid waste management when considering criteria in subsection B2 and B5 of this Section. D. The City Council shall consider the record from the public hearing and shall make a determination concerning a siting approval request within one hundred eighty (180) days from the City Clerk's acceptance of the filing of the siting approval request. The City Council may conditionally approve any request for siting approval;provided, such conditions are not inconsistent with regulations promulgated by the Illinois Pollution Control Board. E. No determination by the City Council of a siting approval request may be reconsidered. F. A local siting approval granted under this Chapter shall expire at the end of 2 calendar years from the date upon which it was granted, unless the local siting approval granted under this Chapter is for a sanitary landfill operation, in which case the approval shall expire at the end of 3 calendar years from the date upon which it was granted, and unless within that period the applicant has made application to the Illinois Environmental Protection Agency for a permit to develop the site. In the event that the local siting decision has been appealed, such expiration period shall be deemed to begin on the date upon which the appeal process is concluded. G. Siting approval obtained pursuant to this Chapter is transferable and may be transferred to a subsequent owner or operator. In the event that siting approval has been transferred to a subsequent owner or operator, that subsequent owner or operator assumes and takes subject to any and all conditions imposed upon the prior owner or operator by City Council pursuant to this Section. However, any such conditions imposed pursuant to this Chapter may be modified by agreement between the subsequent owner or operator and the appropriate county board or governing body. Further, in the event that siting approval obtained pursuant to this Chapter has 9 been transferred to a subsequent owner or operator,that subsequent owner or operator assumes all rights and obligations and takes the facility subject to any and all terms and conditions of any existing host agreement between the prior owner or operator and the appropriate county board or governing body. Section 10. ADMINISTRATION OF FEES AND COSTS A. Upon termination of any proceedings under this Chapter, a final accounting and summary of all authorized expenditures and reimbursements shall be presented to the City Council. B. Any portion of an application fee not required for reimbursement to the City for costs and expenses incurred by the City under this Chapter shall be returned to the applicant. Should there be costs and/or expenses in excess of the amount paid by the applicant in the application fee, the applicant shall bear any and all additional costs. C. In order to properly administer the application fee received with respect to this Chapter, the City Collector is hereby authorized and directed to receive and hold such application fees for administration subject to the review and approval of the City Council. D. In order to expedite payment of all bills incurred as a result of administering this Chapter, all bills and questions concerning billing should be directed to the City Collector. C:\TEMP\Yorkville siting ordinance(v1).DOC 10 COUNTY OF KENDALL ) ) ss STATE OF ILLINOIS ) RESOLUTION NO. 2004 - A RESOLUTION CREATING THE POSITION OF COMMUNITY RELATIONS MANAGER IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS WHEREAS, the UNITED CITY OF YORKVILLE, through it's City Council, Mayor and City Staff, after careful consideration have found and deemed it necessary for the benefit of the UNITED CITY OF YORKVILLE to create the position of Community Relations Manager; and WHEREAS, the job position for Community Relations Manager will have the duties and responsibilities as set forth in the attached job description; and NOW, THEREFORE, BE IT RESOLVED BY THE UNITED CITY OF YORKVILLE THAT THE POSITION OF COMMUNITY RELATIONS MANAGER IS HEREBY CREATED. That said position will be directed by and report directly to the Mayor. The job description for Community Relations Manager is attached hereto and is made part hereof as Exhibit "A". The hiring of a person to fill the position of Community Relations Manager should be subject to all probationary rules and regulations as set out in the current Employee Manual. Repealer: All ordinances, resolutions or orders, or parts thereof, in conflict with the provisions of this resolution are to the extent of such conflict hereby repealed, and this ordinance shall be in full force and effect forthwith upon its adoption. Effective Date: This resolution shall become effective on the day of , 2004. PAUL JAMES MARTY MUNNS RICHARD STICKA WAND OHARE VALERIE BURD ROSE SPEARS LARRY KOT JOSEPH BESCO Page 1 of 2 APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this day of , A.D. 2004. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois, this day of , A.D. 2004. CITY CLERK Page 2 of 2 Revised 2/18/04 COMMUNITY RELATIONS MANAGER—POSITION DESCRIPTION Department: Administration Reports to: Mayor Status: Exempt Positions Supervised: None Salary Range: 30,000-45,000 Position Description Overview Serves as liaison between the City and community and responds to inquiries and complaints from citizens. Develops and releases press releases, newsletters and other written communications, video, and audio-visual productions to enhance public knowledge of City activities. Administers and implements the City's Cable Television Franchises. Acts as liaison with public access corporations, consultants, city staff franchised cable companies and residents to develop and maintain timely, efficient and effective cable communications within the City. Must possess ability to maintain strict confidentiality. Essential Job Functions 1. Consults with the Mayor, Department Heads, stakeholders in the Downtown/Central Business District, and other business areas within the city concerning City special events and issues that are non-development. 2. Investigates feasibility and impact of events for the city. 3. Works with City departments, community organizations, and other parties involved in implementation of events. 4. Consults with the Risk Manager to determine liability and special needs for City special events. 5. Attends and participates in meetings to address community issues concerning City special events. 6. Writes and/or edits copy for press releases, local newspaper columns, brochures, newsletters, Internet/Intranet sites, scripts and other promotional information. 7. Acts as a liaison between the City and community organizations, boards, commissions or local governments as assigned. 8. Designs, edits, and produces flyers, brochures, newsletters, inserts, posters and other promotional materials. 9. Plans/Monitors execution of City communication plans for individual department projects re: new services programs and facilities. Also executes special events and coordinates related exhibits and displays. 10. Serves as City's information representative concerning telecommunications-related activities. 11. Responsible for media relation policy and is the City's main liaison/spokesperson to local and regional media. In addition, serves as City liaison to community organizations and other Yorkville entities, such as YEDC and YACC. 12. Oversees audio/visual preparation and coordination for city meetings, department focus groups, other in-house meetings and special event receptions as directed by the Mayor. 13. Prepares and compiles reports/memos concerning communication issues, budget, staff selection and performance as directed. 14. Performs all other related duties as assigned. Basic Requirements-Knowledge, Skills and Abilities Skills in problem solving, preparing and writing letters, press releases and promotional aids. Knowledge of the organization, operation and purpose of a municipality. Knowledge of the principles and practices of public relations and the techniques of graphics preparation, displays and visual aids. Knowledge of the principles of photography, videotaping and procedures. Knowledge of Cable communications field and ability to interpret and apply applicable Federal, State and local laws, rules and regulations regarding cable systems. Knowledge of modern office methods,procedures and equipment. Ability to interpret and apply City policies, procedures, rules and regulations. Ability to deal effectively with the press and to establish and maintain effective working relationships with various community, business and special interest groups. Ability to administer, implement and monitor municipal contracts. Ability to supervise, train and evaluate assigned staff. 1. Ability to operate required office equipment in order to send and receive information with necessary optical, auditory and manual dexterity. 2. Ability to walk, stand, or sit for an hour or more at a time. 3. Ability to lift or carry objects weighing more than 20 pounds. 4. Ability to push or pull supply carts, equipment or machines. 5. Ability to proofread and check documents for errors. 6. Ability to use a keyboard to enter, retrieve or transform words or data. 7. Ability to closely examine computer screen or written reports. 8. Ability to read, comprehend, and speak English and be able to demonstrate twelfth grade reading skills. 9. Ability to identify and distinguish colors. Minimum Education, Experience and Certification Requirements Bachelor's degree in Communications, Journalism, Public Relations, Public Administration, Business or related field required. Three to five years experience in public relations, cable television administration, or related field, preferably in a government agency, required. Combination of education and related experience may be considered in lieu of degree. Valid state of Illinois Class D Driver's License required. COUNTY OF KENDALL ) )ss STATE OF ILLINOIS ) RESOLUTION NO.2004- RESOLUTION APPROVING THE REVISED JOB DESCRIPTION FOR THE POSITION OF PART-TIME OFFICE ASSISTANT FOR THE UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS WHEREAS, it is important for the UNITED CITY OFYORKVILLE to maintain job descriptions for the various positions within the CITY, and WHEREAS,a revised job description has been recommended for the position of Part-time Office Assistant,and has been reviewed,and approved by the City Council. NOW THEREFORE, upon motion duly made,seconded,and approved by a majority of those voting, be it resolved that the attached job description incorporated herein by preference for the position of Part-time Office Assistant be adopted. REPEALER: All ordinances,resolutions or orders,or parts thereof, in conflict with the provisions of this ordinance are to the extent of such conflict hereby repealed, and this resolution shall be in full force and effect forthwith upon its adoption. PAUL JAMES MARTY MUNNS RICHARD STICKA WANDA OHARE VALERIE BURD ROSE SPEARS LARRY KOT JOSEPH BESCO APPROVED by me,as Mayor of the United City of Yorkville, Kendall County,Illinois, this day of ,A.D. 2003. MAYOR PASSED by the City Council of the United City of Yorkville, Kendall County,Illinois, this day of ,A.D. 2003. CITY CLERK Page 1 of 1 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED CITY HELD IN HE CITY ILLINOIS,F YOR1CVILLE,10ENDALL COUNTY, DRAFT COUNCIL CHAMBERS, GAME FARM ROAD ON TUESDAY,FEBRUARY 10,2004. Mayor Prochaska called the meeting to order at 7:03 P.M and led the Council in the Pledge of Allegiance. ROLL CALL Clerk Milschewski called the roll. Ward I James Present Sticka Present Ward II Burd Present Kot Present Ward III Munns Present(until 9:00) Ohare Present Ward IV Besco Absent Spears Present Also present: City Clerk Milschewski,City Attorney Kelly Kramer,Police Chief Harold Martin, Director of Public Works Dhuse,Executive Director of Parks&Recreation Laura Brown and Finance Director Pleckham QUORUM A quorum was established. INTRODUCTION OF GUESTS Mayor Prochaska welcomed guests and asked those present to enter their name on the attendance sheet provided. AMENDMENTS TO flit,AGENDA Mayor Prochaska asked that Item#2 of the Consent Agenda,Eldamain Road Jurisdictional Transfer,be moved to the agenda under The Public Works Committee Report as the Attorney Kramer has noted a minor change to the document. COMMITTEE MEETING DATES Public Works Committee 7:00 P.M.,Monday,February 23,2004 City of Yorkville Conference Room 800 Game Farm Road Economic Development Committee 7:00 P.M.,Thursday,February 19,2004 City of Yorkville Conference Room 800 Game Farm Road Administration Committee 7:00 P.M.,Thursday,February 12,2004 City of Yorkville Conference Room 800 Game Farm Road Public Safety Committee 6:30 P.M.,Thursday,February 26,2004 City of Yorkville Conference Room 800 Game Farm Road Ad Hoc Technology Committee 6:30 P.M.,Wednesday,February 11,2004 City of Yorkville Conference Room 800 Game Farm Road PUBLIC HEARINGS None. CITIZEN COMMENTS Rob Lehmann with Moose Lodge#2371 presented Chief Martin with a box of Tommy Moose dolls for police officers to give to children in distress. Mayor Prochaska and Chief Martin thanked Mr.Lehmann and the Moose Lodge for their generosity. The Minutes of the Regular Meeting of the City Council—February 10,2004-page 2 PRESENTATIONS YEDC Year End Report Lynn Dubajic,the Executive Director of the Yorkville Economic Development Corporation, presented the YEDC's Year End Report to the Council. Please see attached report. Items covered by her presentation were: o Overall Strategies for 2004 o Action Steps o New Partnerships o Upcoming Highlights and Events o Targeted Advertising 2004 o YEDC Marketing Committee 2004 o YEDC Surveys in 2004 o New YEDC Office Also included in Mrs.Dubajic's information was a chart of 2004 real estate transactions in the area,the YEDC newsletter and information on their third annual meeting held on October 15, 2003. Alderman Sticka complimented the YEDC on their professionalism which has grown since the YEDC was started. There were no other comments from the Council. Mayor Prochaska thanked Mrs.Dubajic for her presentation. CONSENT AGENDA 1. Sprintcom Lease Agreement -authorize the Mayor and City Clerk to execute 2. Treasurer's Reports for May,June,July,August and September 2003 3. Yorkville Youth Baseball/Softball Association Agreement 2004-authorize the Mayor to execute 4. Fox Mill Landing—acceptance of public utilities for maintenance 5. Request to Hire One Full-time Engineering Technician—subject to approval of the revised budget 6. Water Report for November 2003 7. Route 34 and Game Farm Road Traffic Signal Change Order#4—accept decrease of $3248.53 and authorize the City Engineer to execute 8. York Meadows Plat of Easements- authorize the Mayor and City Clerk to execute 9. 101 E.Somonauk Sidewalk Agreement—authorize City Administrator to execute 10. Rob Roy Creek Flood Study Supplemental Agreement—motion for notice to proceed,deferred payment of May 1,2004 agreed upon by Engineering Enterprises, Inc. (EEI) 11. Police Reports for December 2003 12. Updated Vehicle Policy Mayor Prochaska entertained a motion to approve the Consent Agenda as amended. So moved by Alderman Sticka;seconded by Alderwoman Ohare. Motion approved by a roll call vote. Ayes-7 Nays-0 Burd-aye,James-aye,Kot-aye,Munns-aye,Spears-aye,Sticka-aye,Ohare-aye PLANNING COMMISSION/ZONING BOARD OF APPEAL No report. MINiTTES FOR APPROVAL A motion was made by Alderwoman Spears to approve the minutes of the City Council meeting from January 27,2004;seconded by Alderwoman Burd. Motion approved by a viva voce vote. BILLS FOR APPROVAL A motion was made by Alderwoman Spears to approve the paying of the bills listed on the Detailed Board Report dated January 29,2004 totaling the following amounts:checks in the amount of$496,622.20(vendor);$128,219.47(payroll period ending 1/28/04)for a total of $624,841.67;seconded by Alderwoman Burd. Motion approved by a roll call vote. Ayes-7 Nays-0 Burd-aye,James-aye,Kot-aye,Munns-aye,Ohare-aye,Spears-aye,Sticka-aye The Minutes of the Regular Meeting of the City Council—February 10,2004-page 3 REPORTS MAYOR'S REPORT President's Day Holiday and COW Packets Mayor Prochaska reported that due to the President's Day Holiday,Committee of the Whole meeting packets were being prepared early and would be distributed on February 12,2004. Swearing-in of New Police Officer Mayor Prochaska swore in new Patrol Officer Andrew Jeleniewski. Mayor Prochaska,Chief Martin,and Police Commissioner Bob Johnson welcomed him to the United City of Yorkville. Appointment to the Fire&Police Commission Mayor Prochaska reported that one of the founding members of the Fire&Police Commission, Jim Jensen,has elected to retire from the Commission to pursue his education. Mayor Prochaska thanked him for his service to the United City of Yorkville. Mayor Prochaska entertained a motion to approve the appointment Mike Anderson to the Fire& Police Commission. So moved by Alderman Kot;seconded by Alderwoman Ohare. Motion approved by a roll call vote. Ayes-7 Nays-0 Ohare-aye,Spears-aye,Sticka-aye,Burd-aye,James-aye,Kot-aye,Munns-aye Mayor Prochaska swore in Mike Anderson,and along with Police Chief Martin and Police Commissioner Bob Johnson,welcomed him to the Fire&Police Commission. Mayor's Annual Report Mayor Prochaska read his February 10,2004 Address to the City Council. Please see attached copy. Mayor Prochaska entertained a motion to accept his address. So moved by Alderman Sticka; seconded by Alderwoman Ohare. Motion approved by a viva voce vote. ATTORNEY'S REPORT Ratification of Griesmann's Easement Attorney Kelly Kramer reported that the negotiations with the Griesmann's have come to a close. It was brought to the attorney's attention by the Griesmanns that due to the readjustment of another easement being obtained in the area,the City was going to need forty-five additional feet of easement from them. Based on a prorated formula($1.39/square foot),the cost of the easement was increased by$1,900.00. During the original negotiations,no one reviewed the actual plat of easement. When it was reviewed,it became apparent that the additional footage was needed. The terms of the temporary easement were negotiated that if the temporary easement was needed it would be addressed when the construction begins. The engineering department feels confident that the work can be done within the permanent easement. Attorney Kramer asked the City Council to ratify the easement agreement and authorize the disbursement of funds to the Griesmanns. The total funds are now$31,900.00. Alderwoman Ohare asked if the dollar amount of the easement would change if the extra footage is needed upon construction. Attorney Kramer stated that the$31,900.00 is for the permanent easement however the charge for the temporary easement could be anywhere from$5,000.00 to $7,500.00 depending on the size of the temporary easement needed. The motion is for the permanent easement agreement which includes the language and cost for the temporary easement if needed. Administrator Graff clarified that the agreement includes language for the cost of an additional temporary easement if needed however the contractor doing the work will be responsible for this cost if they feel they cannot perform the work in the space of the permanent easement. They will bid the work knowing that they may have to fund the temporary easement. Mayor Prochaska entertained a motion to ratify the Griesmann easement agreement and authorize the disbursement of$31,900.00. So moved by Alderman Sticka;seconded by Alderwoman Ohare. The Minutes of the Regular Meeting of the City Council—February 10,2004-page 4 Alderman Sticks clarified that there is a possibility that the temporary easement may be needed for an additional$7,500.00. He noted that because of this possibility any potential bidder is going to include$7,500.00 into the bid which means that the City may be paying for an easement that won't be used. Administrator Graff stated that the need for the easement could be specified in the bid. The contractor should know if they can do the work within the allotted easement. Motion approved by a roll call vote. Ayes-7 Nays-0 Sticka-aye,Burd-aye,James-aye,Kot-aye,Munns-aye,Ohare-aye,Spears-aye CITY CLERK'S REPORT No report. CITY TREASURER'S REPORT No report. CITY ADMINISTATOR'S REPORT Water Works System Improvement Projects and Radium Compliance Update Administrator Graff gave an update regarding the Water Radium Compliance Violation Notice. He distributed a handout prepared by Engineering Enterprises,Inc.(EEI). Please see attached. He stated that he is still hopeful that the City will be eligible for an Illinois Environmental Protection Agency(IEPA)loan however this will extend the project out about four or five months for a projected completion date of Spring of 2006. He explained the criteria for the TEPA loan and the back-up bond funding if the City does not qualify for the loan. He stated that Finance Director Pleckham and Kevin McCanna from Speer Financial will present finance options to the City Council. Mayor Prochaska stated that he asked Mrs.Pleckham and Mr.McCanna to investigate loan information because the TEPA loan is not guaranteed. He did not want to wait until Fall 2004 to find out that the City is not eligible and then have to start the bond process at that point. Also, current bond rates are competitive at around 4%for a ten year issue. Mayor Prochaska asked Alderwoman Spears if this item could be placed on the Administration Committee meeting agenda for March and she agreed. Alderwoman Ohare asked for clarification on the two options presented by EEI in the handout. Administrator Graff explained that Option#1 is the compliance schedule if the IEPA loan is obtained with an estimated completion date of Spring 2006. Option#2 is the schedule if bond funding is used and the estimated completion date is Fall 2005. FINANCE DIRECTOR'S REPORT No report. DIRECTOR OF PUBLIC WORKS REPORT No report. CHIEF OF POLICE REPORT Chief Martin reported that he is currently researching grants to be used toward an evidence van. He found a$20,000.00 grant that can be used toward the purchase however the grant is highly competitive and he needs to submit by February 20,2004. It was the consensus of the Council that Chief Martin to proceed with the submittal. EXECUTIVE DIRECTOR OF PARKS&RECREATION REPORT No report. COMMUNITY&LIAISON REPORT Lobby Day Alderwoman Burd reported that Lobby Day for the Aurora Area Convention and Visitors Bureau will be February 19,2004. The Bureau is inviting anyone interested in going to Springfield to come along with them as their guest and interested parties should R.S.V.P.by February 13,2004. She stated that she went last year and found it to be a very interesting and enjoyable experience meeting with the state legislators. Yorkville-Bristol Sanitary District Meeting Administrator Graff reported that he attended the YBSD meeting on February 9,2004. He reported that they have accepted the City's offer for a joint meeting on March 8,2004. He also reported that the tentative meeting date for the joint meeting of the City and School Board is March 15,2004. The Minutes of the Regular Meeting of the City Council—February 10,2004-pane 5 COMMITTEE REPORTS PUBLIC WORKS COMMITTEE REPORT Eldamain Road Jurisdictional Transfer Agreement A motion was made by Alderman Munns to approve the intergovernmental agreement for the jurisdictional transfer of Eldamain Road;seconded by Alderman Sticka. Attorney Kramer stated that there was a change to the agreement specifying right-in/right-out access to the commercial site on Eldamain Road. Motion approved by a roll call vote. Ayes-7 Nays-0 Burd-aye,James-aye,Kot-aye,Munns-aye,Ohare-aye,Spears-aye,Sticka-aye Ordinance 2004-07 Authorizing Execution of the Eldamain Road Jurisdictional Transfer Agreement A motion was made by Alderman Munns to approve an ordinance authorizing the execution of the intergovernmental agreement for the jurisdictional transfer of Eldamain Road and direct the City Clerk to forward the documents to the appropriate governmental entities;seconded by Alderman Sticka. Attorney Kramer stated that the ordinance was done at the request of IDOT. She was contacted by Fran Klaus,the Kendall County Highway Department Director who requested that after execution the City Clerk forward the documents to the Kendall County Clerk for recording and to the Illinois Department of Transportation in order to complete the process. Original documents will be filed with IDOT. Motion approved by a roll call vote. Ayes-7 Nays-0 Burd-aye,James-aye,Kot-aye,Munns-aye,Ohare-aye,Spears-aye,Sticka-aye ECONOMIC DEVELOPMENT COMMITTEE REPORT No report. PUBLIC SAFETY COMMITTEE REPORT No report. ADMINISTRATION COMMITTEE REPORT Ordinance 2004-08 Revision of the 2003-2004 Fiscal Budget A motion was made by Alderman James to approve an ordinance approving the revisions of the 2003-2004 Fiscal Budget;seconded by Alderman Sticka. Motion approved by a roll call vote. Ayes-6 Nays-1 Kot-aye,Munns-aye,Ohare-aye,Spears-nay,Sticka-aye,Burd-aye,James-aye Resolution 2004-02 Employee Manual A motion was made by Alderman James to approve a resolution approving the Employee Manual;seconded by Alderman Sticka. Alderwoman Burd commented that the document is a resolution however wording in Items#3 and#4 indicate it is an ordinance. She also noted that Item#3 repeals any ordinance that is in conflict with the provisions of this document.She stated that she wanted to know what ordinances in the City code were being repealed. She also had concerns that a resolution was repealing ordinances. Attorney Kramer clarified that the document is a resolution and that the use of the word"ordinance"is incorrect in Item#4 and should be changed to"resolution". She stated that Item#3 could be deleted and she also clarified that a resolution could repeal ordinances. She explained that ordinances are designed to be permanent whereas resolutions are more flexible to change. There was further discussion of existing ordinances that are in conflict with the resolution and the Employee Manual. Alderman Sticka noted that if Item#3 is deleted from the document the whole manual would not be worth anything.After further discussion,it was decided to leave Item #3 in the document and to change the wording to state"Any Ordinance or Resolution or parts thereof in conflict with the provisions of this Resolution...". Alderman Sticks withdrew his second and Alderman James withdrew his motion. The Minutes of the Regular Meeting of the City Council—February 10,2004-page 6 A motion was made by Alderman James to approve a resolution approving the Employee Manual as corrected;seconded by Alderman Sticka. Motion approved by a roll call vote. Ayes-5 Nays-2 Munns-aye,Ohare-aye,Spears-nay,Sticka-aye,Burd-nay,James-aye,Kot-aye ADDITIONAL BUSINESS Mayor Prochaska reported that the City had been invited to participate in the annual bowl-a-thon for Big Brothers/Big Sisters on February 28,2004 at the bowling alley in Plano. The City's team is schedule to begin at 4:30 and Big Brothers/Big Sisters are asking for a suggested donation of $75.00. Anyone interested in bowling should contact him. EXECUTIVE SESSION Mayor Prochaska entertained a motion to go into executive session to discuss the purchase or lease of real property for the use of the public body. He asked that the City Clerk,City Administrator and City Attorney be included in the session. He also noted that there would not be any action taken after the session. So moved by Alderman Sticks;seconded by Alderman Kot. Motion approved by a roll call vote. Ayes-7 Nays-0 Ohare-aye,Burd-aye,Kot-aye,Munns-aye,Spears-aye,Sticka-aye The regular session broke at 8:27 P.M.The Council took a ten minute break. The City Council returned to regular session at 9:15 P.M ADJOURNMENT Mayor Prochaska entertained a motion to adjourn. So moved by Alderman Kot;seconded by Alderman Sticks. Motion approved by a viva voce vote. Meeting adjourned at 9:16 P.M. Minutes submitted by: Jacquelyn Milschewski, City Clerk City of Yorkville,Illinois Page 1 of 7 DEAFT UNITED CITY OF YORKVILLE COMMITTEE OF THE WHOLE JUNE 17, 2003 7:00 P.M. ELECTED OFFICIALS PRESENT: Mayor Art Prochaska Alderman Larry Kot Alderman Joe Besco Alderwoman Wanda Ohare Alderwoman Valerie Burd Alderwoman Rose Spears Alderman Paul James Alderman Richard Sticka City Treasurer Bill Powell CITY STAFF PRESENT: City Administrator Tony Graff City Attorney Dan Kramer Public Works Director Eric Dhuse Finance Director Traci Pleckham Police Lieutenant Don Schwartzkopf City Planner Mike Schoppe Director of Parks & Recreation Laura Brown GUESTS: See attached list. PRESENTATION Parks Master Plan Mike Schoppe and John Vann from Schoppe Design Associates presented the 2003 Parks &Recreation Master Plan. Items covered in the presentation were: • Introduction— goals of the plan, community history, mission statement, planning process, recommendations • Park Descriptions& Classifications—park land classifications, categories of open space, national facility standards • Park System Analysis—city demographics, park facility standards, park acreage standards, spatial analysis standards, neighborhood analysis, community survey, executive summary, summary of findings • Park System Recommendations—park development, park prototypes, recreational offerings/facilities, neighborhood parks/playgrounds, competitive athletics, skate parks, winter sports, family aquatic center, golf course/driving ranges, bicycle/walking/jogging paths, passive recreation space/natural areas, outdoor music/festival spaces, school/park sites, potential park land acquisition, infrastructure/maintenance • Existing Parks Survey and Enhancement Recommendations— general recommendations for existing parks, new developments in progress • Bicycle and Pedestrian Planning—creating a bicycle friendly Yorkville, bicycle trail standards, trial types • Implementation Plan and Funding—priorities (parks/playgrounds, trails, park enhancements, land acquisition), 5-year capital funding plan for parks, grants, sponsorships/partnerships, other resources Page 2 of 7 After the presentation there was discussion with the Council regarding: o The potential greenway map in Section 3 of the master plan identifying corridors for trails or open space. Areas were identified that were worthy of preservation and/or of creating the greenway with input from Kendall County, the Illinois Department of Natural Resources (IDNR), the Soil& Water Conservation Service and the Conservation Foundation. o The master plan is a planning document that will be updated yearly based on needs, development, etc. The plan will also be used when applying for grants and to insure that existing parks are kept up. o Neighborhood parks in the older areas of the city and in Countryside—the plan doesn't specifically address this however the West Hydraulic Park is in the older area of the City. o Tennis courts—these are usually located near junior high schools and high schools however as new parks are developed, neighborhood residents will be asked for input and if tennis courts are highly recommended they may be installed. o A band shell and outdoor musical activities. Aldermen Sticka and James complimented the plan. PUBLIC WORKS COMMITTEE Mill Street Public Sidewalk Repairs At the June 3, 2003 Committee of the Whole (COW) meeting it was discussed that, at the request of the School District, the City would build a sidewalk from Route 126 to Walter Street this year and the next year the School District would run a sidewalk along Route 126 before the new school opens. The City is looking for a written agreement from the School District stating that they will install the Route 126 sidewalk before the City installs the Mill Street sidewalk. At this time, the City has not received anything in writing from the School District. Mayor Prochaska asked staff to check into this so it could move forward. Savitski Property—Letter of Credit Director of Public Works Eric Dhuse reported that City Engineer Joe Wywrot submitted a memo stating that the Savitski Letter of Credit expires on June 30, 2003 and an extension is needed. Attorney Dan Kramer stated that if there is no extension by the June 24, 2003 City Council meeting, the City will take action to call the existing letter of credit. The Council agreed to this action. ECONOMIC DEVELOPMENT COMMITTEE PC 2002-27 Fisher Property—Annexation and Zoning Attorney Kramer reported that a public hearing date has been set for July 8, 2003 for the annexation and zoning. He stated that Richard Young from Kimball Hill Homes, John Philipchuck, the attorney for Kimball Hill Homes, and Administrator Graff are working on a few small problems. He turned the floor over to Mr. Young. Page 3 of 7 Mr. Young gave an overview of the development. The Fisher property consists of 306 acres at Faxon Road and Cannonball Trail. The development will have 450 homes, a school/park site and a trail system running north and south and linking the park and neighborhoods. The zoning is a straight zoning rather than a Planned Unit Development (PUD). Alderman Sticka reported that the Plan Commission unanimously approved the annexation and zoning. There will be a public hearing at the July 8, 2003 City Council meeting. Public Infrastructure Agreement for United City of Yorkville SSA 2003-100 (The Highlands/Raintree Village) Attorney Kramer reported that the agreement is for the improvements that the developer will provide in the Special Service Area(SSA). Attorney Kramer and Christopher Knight, who is the bond counsel, are reviewing the documentation. He noted that a public hearing will be held regarding the name change from The Highlands to Raintree Village. The engineers have reviewed the SSAs. Also noted was that the SSAs will not be administered by the City. The SSA ordinances will come before the City Council at the July 27, 2003 meeting. Ordinance Adopting the International Residential Code for One & Two Family Dwellings—Scriveners Error Attorney Kramer reported that an ordinance was needed to make a correction to the name of the code. This item was placed on the June 24, 2003 City Council meeting consent agenda. PC 2002-16 Menard's Residential Annexation Agreement Attorney Kramer reported that part of this property was previously annexed and zoned however additional property has now been purchased. This is an annexation of the new property and an amendment of the original PUD. The main issue to be resolved is how to blend the fees between the two sections. Attorney Kramer stated that he is concerned that retaining the old fees on the old lots and implementing the new fees on the new lots could cause administrative problems. There are two options to address this. The first is to average the old and new fees into a new fee applicable to the entire development so the total amount is the same if not more. The other is to charge the new, higher fees to the single-family residences and have the townhomes remain under the fees that were applicable when the property was annexed. Mr. Graff noted that all but six lots of the single-family homes are under the new annexation and PUD. By using this method, the schools and parks will collect the new higher fees on the high impact development. The second option was proposed to Menards however the developer is currently looking at both options. Once this is addressed, the annexation agreement can be completed. Page 4 of 7 If the fee problem can be resolved in time, this will be placed on the June 24, 2003 City Council meeting regular agenda. Fifth Third Bank Development Agreement Mr. Graff reported that this item was discussed several month ago when the development agreement was worked out with Fifth Third Bank. Attorney Kramer stated that this was voted on and John Donahue signed for Tucker Development however the City wanted the additional signature from Fifth Third because they were party to the actual development agreement. No action was needed on this item. PUBLIC SAFETY COMMITTEE Purchase of Replacement Vehicles with Loan Package Alderman Kot reported that this item was at the last COW meeting where the question arose regarding financing. Mrs. Pleckham stated that she received bids and is recommending that the City finance the $46,000.00 for the vehicles through Yorkville National Bank for a two-year term at a rate of 3.15%. She stated that she discussed this with Chief Martin and they agree that the two-year term can be handled under the budget. There is no prepayment penalty. This item was placed on the June 24, 2003 City Council meeting consent agenda. ADMINISTRATION COMMITTEE Employee Manual Mr. Graff noted revisions to the approval process for new employees and the workplace inspection. There was discussion by the Council regarding the work place inspection;the clarification of an administrative inspection versus a criminal inspection was discussed. There was a lengthy discussion on the removal of the provision for employees to have a City Council dismissal hearing. Mr. Graff stated that the provision was deleted upon the recommendation of the labor attorney. After much discussion,the Council requested a written explanation of the labor attorney's recommendation. They asked Attorney Kramer to contact the labor attorney for this. Alderman Besco questioned Section 3.9 B regarding a conflict of interest of an employee holding an elected office. He asked for clarification if it meant holding office in the United City of Yorkville or any city. Attorney Kramer clarified that it pertained just to the United City of Yorkville. This item will be brought back to the July 1, 2003 COW meeting. Debt Certificate—$4.8 Million—Water Improvements Mrs. Pleckham gave an update on the sale for the $4.8 million debt certificates which will be held on Tuesday, June 24, 2003. Alderwoman Spears stated that the Administration Committee approved the debt certificate. Page 5 of 7 This item was placed on the June 24, 2003 City Council meeting regular agenda. Ordinance Declaring Compliance with Prevailing Wage Act Alderwoman Spears reported that this is the standard ordinance that is approved every year and the Committee was recommending it. This item was placed on the June 24, 2003 City Council meeting consent agenda. Senior Citizen Refuse Rate Proposal Mrs. Pleckham reported that a senior citizen refuse rate was included in the 2002/2003 budget however no formal action was taken. The new senior citizens rate will be $.50/month. Alderman Kot asked that the wording regarding the discount be clarified as it was confusing in the draft. This was recommended by the Administration Committee. This item was placed on the June 24, 2003 City Council meeting consent agenda. Utility Audit Proposal Alderwoman Spears reported that there are several companies available to audit utility income to determine if there have been any utility billing discrepancies. Mrs. Pleckham received proposals from three companies and is recommending that Troy&Banks be used. The contract is for one year and is renewable annually. The fee for the service is 50% of what they save the City in the first year and 50% of what they recoup in past billing. The Village of Elgin has previously used the firm and was contacted for references. They stated that the service saved them$40,000.00. The other company's fees where for 50% of what is saved over the next five years. This was placed on the June 24, 2003 City Council meeting consent agenda. SSA For South Raintree Village (The Highlands) Mrs. Pleckham reported that these are the first two documents for Raintree Village South SSA;the proposing ordinance and the resolution of intent. Raintree Village has been split into two areas and this SSA is for funds to be utilized for public improvements in one portion of the development. Attorney Kramer is in the process of reviewing the documents and stated that there were a few minor changes needed; most concerning the name change of the development. This was placed on the June 24, 2003 City Council meeting regular agenda. Request to Appoint a Temporary Position: Full-time General Office Staff- Receptionist Mr. Graff requested permission to appoint Mary Mizera to the temporary position of full- time receptionist. He stated that the current Employee Manual states that a part-time position can be hired by a department head however a temporary position cannot. The manual states that the Mayor and City Council have to concur with the temporary assignment. He stated that he would like Mrs. Mizera to be the temporary full-time receptionist for at least six months or until the office staff is restructured. Mrs. Mizera Page 6 of 7 will receive an increase in pay during this time. After six months, Mrs. Mizera is aware that she will go back to being a part-time receptionist with her current pay. It was the consensus of the Council it to appoint her the temporary full-time receptionist. PARK BOARD Park& Recreation Service Report for 2002/2003 Alderman James reported that the Park Board has positively recommended the Park& Recreation Service Report for 2002/2003. The report identifies their mission statement, goals and objectives and highlights accomplishment for the year. This is an information only item. Oslad Grant Resolution Executive Director of Parks&Recreation Laura Brown reported that the Park Board is asking for permission to submit two grant applications. One grant is for a new park development for the River's Edge Park and the other is for land acquisition that will be applied to the West Hydraulic property. Both are matching grants with a deadline of July 1, 2003. A resolution is needed giving approval to proceed. The notification for the grants will be in October with two years to actually do the construction of the parks. The grants are rated by service areas, uniqueness, population and previous grants issued. Ms. Brown further explained how the grants work and the Council discussed the cost of matching the grants. Funds are available in the Land Cash and Land Acquisition Funds. This item was placed on the June 24, 2003 City Council meeting consent agenda. Truck Bid Opening Alderman James reported that this purchase was approved by the City Council on May 13, 2003. Scott Sleezer went out for bid and he has now identified the vehicle and the bid. He is looking for approval to purchase a two-wheel pick-up truck for $12,447.00 from River Oaks Ford. Funds are available in the Parks Capital Fund. This item was placed on the June 24, 2003 City Council meeting consent agenda. ADDITIONAL BUSINESS Aurora Area Convention and Visitors Bureau Website Survey Alderwoman Burd reported that she spoke with Sue Vos with the Aurora Area Convention and Visitors Bureau and they are in the process of putting a survey on their website. Ms. Vos suggested that the City might be able to use this so she suggested that Ms. Brown contact Ms. Vos regarding this. United City of Yorkville Website Alderwoman Ohare asked what the status was on the City's website. Alderman James stated that there is a website for the Council to go to see a draft of the website. Mrs. Pleckham gave the website address to the Council. There was no other additional business. Page 7 of 7 EXECUTIVE SESSION Mayor Prochaska entertained a motion to go into executive session for the purpose of the collective negotiation matters between public employers and their employees or representatives. He asked that Attorney Dan Kramer, City Treasurer Powell and minute taker Cindy Green be included in the session. So moved by Alderman Kot; seconded by Alderman Besco. Motion approved by a viva voce vote. A five minute break was taken and the executive session was entered at 9:15 P.M. The Council returned to regular session and the COW meeting was adjourned at 11:30 P.M. Minutes taken by Cindy Green Transcribed by Jackie Milschewski, City Clerk `,4`tia Co.), ® United City of Yorkville Memorandum @f i 800 Game Farm Road EST 41 ._„,*-7- 1836 Yorkville, Illinois, 60560 �-6 ill �\ Telephone: 630-553-4350 \s,„.. Fax: 630-553-7575 KEnda Ca., 0. 49<L E `V‘ 1 Date: February 20, 2004l`; To: Mayor Prochaska ` , From: Traci Pleckham - Finance Director,_) CC: Administrator Graff Subject: 2004/2005 Budget Schedule The following is a tentative schedule for the 2004/2005 Fiscal Year Budget: 03/02/04 COW Draft Budget Presentation & Discussion 03/16/04 COW Budget Review/Discussions (if necessary) Request for Public Hearing notice to be published in the 04/01/04 Kendall County Record. On 04/01/04 the proposed budget will be available for public viewing. 04/13/04 City Council Public Hearing 04/20/04 COW Budget Review/Discussions (if necessary) 04/27/04 City Council Budget Approved 02/19/2004 09.38 FAX 630 553 5764 DANIEL J. KRAMER [11002/002 ..M) Co. 0 United City of Yorkville fid` EST. • 111.- 11196County Seal of Kendall County 11V� BOO Game Farm Road () Yorkville.Illinois 60560 ■� 0 Phone;630-553-4350 '9 �r Fax:630-553.7575 4-LE `Nv February 19, 2004 Traci Pleckham United City of Yorkville 800 Game Farm Rd. Yorkville, IL 60560 VIA FAX: 553-7575 Re: $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B Dear Traci: Please be advised that I have reviewed the Speer Financial, Inc. Official Statement forwarded to us on the $3,500,000 General Obligation (Alternate Revenue Source) Bond Proposal. The Official Statements and Notice of Sale conform to the applicable Federal and State Regulations for issuance, and are in confirmation of the Attorney's Bond Opinion Letters we have received from Bond Counsel. We have previously provided our Bond Opinion Letter as City Attorney on this issue and agree with the information contained therein. I believe they have done an excellent preparation and presentation of the issue, and would recommend as suggested in the Speer Financial,Inc. letter that we hand deliver copies to all of our local banking institutions to see if they would like to participate in a bid to purchase the same. Should you have any questions, please feel free to contact me. Very truly yours, "(49. lauuk Daniel J. Kramer Attorney at Law DJK/lgc �I� 02/19/2004 09:39 FAX 630 553 5764 DANIEL J. KRAMER t 002/002 United City of Yorkville EST, � 1838 County Seat of Kendall County 800 Game Farm Road U) Yorkville,Illinois 60560 Q p Phone:630-553-4350 p 2 Fax 630-553-7575 February 19, 2004 Traci Pleckham United City of Yorkville 800 Game Farm Rd. Yorkville, IL 60560 VIA FAX: 553-7575 Re: $1,600,000 Debt Certificates, Series 2004A Dear Traci: Please be advised that I have reviewed the Speer Financial, Inc. Official Statement forwarded to us on the $1,600,000 Debt Certificate Proposal. The Official Statements and Notice of Sale conform to the applicable Federal and State Regulations for issuance, and are in confirmation of the Attorney's Bond Opinion Letters we have received from Bond Counsel. We have previously provided our Bond Opinion Letter as City Attorney on this issue and agree with the information contained therein. I believe they have done an excellent preparation and presentation of the issue, and would recommend as suggested in the Speer Financial, Inc. letter that we hand deliver copies to all of our local banking institutions to see if they would like to participate in a bid to purchase the same. Should you have any questions, please feel free to contact me. Very truly yours, 1 :nj 2 . Xr1.rn Daniel J. Kramer f2r" Attorney at Law DJK11gc ______ eo cli. © United City of Yorkville Memorandum .,i ,, 1 3 '� 800 Game Farm Road EST I" _ s36 Yorkville, Illinois, 60560 -1 Telephone: 630-553-4350 1-41 --v- -`a Fax: 630-553-7575 Kailit Ca.> %� 11<tEev`*. Date: February 20, 2004 I, To: Mayor & City Council From: Traci Pleckham - Finance Director ,,, CC: Treasurer Powell Subject: Grande Reserve SSA Proposing Ordinance Exhibits The following are the Grande Reserve North, Central and South legal descriptions (Exhibit 1) and corresponding maps (Exhibit 2) to be included with the Grande Reserve SSA Proposing Ordinances that were distributed at the 2/17/04 Committee of the Whole meeting. (The Total Grande Reserve Proposing Ordinance includes all 3 legal descriptions as Exhibit 1.) GRANDE RESERVE NORTH REGION THAT PART OF THE SOUTHEAST QUARTER OF SECTION 11, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID SOUTHEAST QUARTER; THENCE WESTERLY ALONG THE NORTH LINE OF SAID SOUTHEAST QUARTER 2029.92 FEET TO THE EAST LINE OF LOT 5 OF SAID SECTION 11; THENCE SOUTHERLY ALONG SAID EAST LINE 1469.90 FEET TO THE CENTERLINE OF MILL ROAD; THENCE SOUTHEASTERLY ALONG SAID CENTERLINE 1039.40 FEET TO A TRACT OF LAND CONVEYED TO COMMONWEALTH EDISON COMPANY BY TRUSTEE'S DEED RECORDED JUNE 28, 1973 AS DOCUMENT 73-3089; THENCE NORTHEASTERLY ALONG SAID NORTHERLY LINE 1062.36 FEET TO THE EAST LINE OF SAID SOUTHEAST QUARTER; THENCE NORTHERLY ALONG SAID EAST LINE 1489.22 FEET TO THE POINT OF BEGINNING IN BRISTOL TOWNSHIP, KENDALL COUNTY, ILLINOIS. ALSO: THAT PART OF THE SOUTHEAST QUARTER OF SECTION 2, PART OF THE NORTHEAST QUARTER OF SECTION 11 AND PART OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID SECTION 2; THENCE SOUTH 89 DEGREES 28 MINUTES 21 SECONDS EAST ALONG THE NORTH LINE OF SAID SECTION 12, 99.96 FEET; THENCE SOUTH 2 DEGREES 26 MINUTES 28 SECONDS EAST 2654.27 FEET TO A POINT ON THE SOUTH LINE OF THE NORTHWEST QUARTER OF SAID SECTION 12, 236.28 FEET EAST OF THE SOUTHWEST CORNER OF SAID NORTHWEST QUARTER; THENCE NORTH 89 DEGREES 28 MINUTES 58 SECONDS WEST ALONG SAID SOUTH LINE 236.28 FEET TO THE SOUTHWEST CORNER OF SAID NORTHWEST QUARTER; THENCE NORTH 89 DEGREES 31 MINUTES 16 SECONDS WEST ALONG THE SOUTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 11, 2028.27 FEET TO THE EXTENSION SOUTHERLY OF THE EASTERLY LINE OF LOT 1 OF STORYBOOK HIGHLANDS, A SUBDIVISION IN SAID SECTION 11; THENCE NORTH 1 DEGREE 06 MINUTES 53 SECONDS EAST ALONG SAID EXTENDED LINE 1030.0 FEET; THENCE SOUTH 89 DEGREES 06 MINUTES 37 SECONDS EAST 239.40 FEET; THENCE NORTH 1 DEGREE 06 MINUTES 53 SECONDS EAST 872.93 FEET TO THE CENTERLINE OF CANNONBALL TRAIL; THENCE NORTH 66 DEGREES 09 MINUTES 20 SECONDS EAST ALONG SAID CENTERLINE 898.31 FEET; THENCE NORTHEASTERLY ALONG SAID 1 CENTERLINE, BEING ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 2290.82 FEET, A DISTANCE OF 495.34 FEET; THENCE NORTH 53 DEGREES 46 MINUTES EAST ALONG SAID CENTERLINE 654.29 FEET TO THE EAST LINE OF SAID SECTION 2; THENCE SOUTH 0 DEGREES 30.MINUTES 10 SECONDS WEST ALONG SAID EAST LINE 262.54 FEET TO THE POINT OF BEGINNING, IN THE TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS. ALSO: THAT PART OF THE SOUTH HALF OF SECTION 11, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SECTION 11; THENCE SOUTH 0 DEGREES 57 MINUTES 0 SECONDS WEST 442 FEET TO THE NORTH LINE OF THE RIGHT OF WAY OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD; THENCE NORTH 75 DEGREES 17 MINUTES 0 SECONDS EAST 1728 FEET ALONG SAID RIGHT OF WAY LINE TO THE SOUTH LINE OF SECTION 11; THENCE SOUTH 89 DEGREES 53 MINUTES 0 SECONDS EAST 1001.25 FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF SAID SECTION 11; THENCE NORTH 89 DEGREES 54 MINUTES 0 SECONDS EAST 1339.5 FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 11; THENCE NORTH 0 DEGREES 40 MINUTES 0 SECONDS EAST 977.5 FEET TO THE CENTERLINE OF THE HIGHWAY; THENCE NORTH 74 DEGREES 15 MINUTES 0 SECONDS WEST 727.2 FEET ALONG SAID CENTERLINE; THENCE NORTH 79 DEGREES 10 MINUTES 0 SECONDS WEST 2877.4 FEET ALONG SAID CENTERLINE TO THE CENTERLINE OF A NORTH AND SOUTH HIGHWAY; THENCE SOUTH 7 DEGREES 7 MINUTES 0 SECONDS EAST 364.8 FEET ALONG THE CENTER OF SAID NORTH AND SOUTH HIGHWAY; THENCE NORTH 89 DEGREES 47 MINUTES 0 SECONDS WEST 503.33 FEET TO THE WEST LINE OF SAID SECTION 11; THENCE SOUTH 0 DEGREES 52 MINUTES 0 SECONDS WEST ALONG SAID WEST LINE 1327.6 FEET TO THE POINT OF BEGINNING (EXCEPT THAT PART OF RIGHT OF WAY OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD RUNNING THROUGH SECTION 11 AFORESAID, AND ALSO EXCEPT THAT PART LYING WESTERLY OF THE CENTERLINE OF KENNEDY ROAD, AND ALSO EXCEPT THAT PART LYING SOUTHERLY OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD RUNNING THROUGH SECTION 11 AFORESAID), IN THE TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS. 2 GRANDE RESERVE CENTRAL REGION THAT PART OF THE SOUTHEAST QUARTER OF SECTION 11, THAT PART OF SECTION 14, AND THAT PART OF THE NORTH HALF OF SECTION 23, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF KENNEDY ROAD WITH THE SOUTHERLY LINE OF THE BURLINGTON NORTHERN RAILROAD RIGHT-OF-WAY THROUGH SAID SECTION 14; THENCE NORTH 73 DEGREES 14 MINUTES 21 SECONDS EAST ALONG SAID SOUTHERLY LINE 1239.61 FEET TO THE NORTH LINE OF THE NORTHWEST QUARTER OF SAID SECTION 14; THENCE NORTH 88 DEGREES 04 MINUTES 00 SECONDS EAST, ALONG SAID NORTH LINE, 610.29 FEET TO THE NORTHEAST CORNER OF SAID NORTHWEST QUARTER; THENCE NORTH 87 DEGREES 54 MINUTES 03 SECONDS EAST ALONG THE SOUTH LINE OF SAID SOUTHEAST QUARTER OF SECTION 11, A DISTANCE OF 1329.33 FEET TO THE WEST LINE OF THE SOUTHEAST QUARTER OF SAID SOUTHEAST QUARTER; THENCE NORTH 01 DEGREES 21 MINUTES 20 SECONDS WEST ALONG SAID WEST LINE, 511.01 FEET TO SAID SOUTHERLY LINE OF THE BURLINGTON NORTHERN RAILROAD; THENCE NORTH 73 DEGREES 14 MINUTES 21 SECONDS EAST, ALONG SAID SOUTHERLY LINE, 837.66 FEET TO THE CENTERLINE OF MILL ROAD; THENCE SOUTH 74 DEGREES 18 MINUTES 13 SECONDS EAST ALONG SAID CENTERLINE 546.02 FEET TO THE EAST LINE OF SAID SOUTHEAST QUARTER OF SECTION 11; THENCE SOUTH 01 DEGREE 19 MINUTES 08 SECONDS EAST ALONG SAID EAST LINE, 556.17 FEET TO THE SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER; THENCE SOUTH 01 DEGREE 19 MINUTES 08 SECONDS EAST ALONG THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 14, A DISTANCE OF 1122.0 FEET; THENCE SOUTH 87 DEGREES 45 MINUTES 51 SECONDS WEST, 438.0 FEET TO THE NORTHEAST CORNER OF LYNWOOD SUBDIVISION, EXTENSION FOUR; THENCE SOUTH 87 DEGREES 45 MINUTES 51 SECONDS WEST, ALONG THE NORTHERLY LINE OF SAID LYNWOOD SUBDIVISION, EXTENSION FOUR, 1168.80 FEET TO THE NORTHWEST CORNER THEREOF; THENCE SOUTH 01 DEGREE 46 MINUTES 18 SECONDS EAST, ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION, EXTENSIONS FOUR AND FIVE, 1173.80 FEET TO AN IRON STAKE; THENCE SOUTH 01 DEGREE 47 MINUTES 49 SECONDS EAST, 3 ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION, EXTENSION FIVE, 376.25 FEET TO AN IRON STAKE; THENCE SOUTH 02 DEGREES 01 MINUTES 46 SECONDS EAST ALONG THE WESTERLY LINES OF LYNWOOD SUBDIVISION, EXTENSIONS FIVE AND SIX, 1950.62 FEET TO AN IRON STAKE; THENCE SOUTH 01 DEGREE 51 MINUTES 08 SECONDS EAST, ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION, EXTENSION SIX, 879.29 FEET TO THE CENTERLINE OF U. S. ROUTE NO. 34; THENCE SOUTH 45 DEGREES 14 MINUTES 47 SECONDS WEST ALONG SAID CENTERLINE 878.60 FEET; THENCE NORTH 37 DEGREES 07 MINUTES 26 SECONDS WEST, 2106.30 FEET; THENCE NORTH 47 DEGREES 17 MINUTES 26 SECONDS WEST, 1500.85 FEET TO THE CENTERLINE OF KENNEDY ROAD AND THE EASTERNMOST CORNER OF A TRACT DESCRIBED IN A QUIT CLAIM DEED TO GEORGE AND GLENNA PATTERSON, HUSBAND AND WIFE, RECORDED AS DOCUMENT NO. 72- 375 ON JANUARY 25, 1972; THENCE NORTH 25 DEGREES 56 MINUTES 49 SECONDS EAST ALONG SAID CENTERLINE 236.34 FEET; THENCE NORTHEASTERLY AND NORTHERLY, A RADIUS OF 800.0 FEET; AN ARC DISTANCE OF 419.10 FEET; THENCE NORTH 04 DEGREES 04 MINUTES 07 SECONDS WEST ALONG SAID CENTERLINE 531.06 FEET; THENCE NORTH 05 DEGREES 06 MINUTES 07 SECONDS WEST ALONG SAID CENTERLINE 1866.0 FEET TO THE POINT OF BEGINNING IN BRISTOL TOWNSHIP, KENDALL COUNTY, ILLINOIS AND CONTAINING 372.223 ACRES. ALSO: THAT PART OF SECTIONS FOURTEEN (14), FIFTEEN (15)AND TWENTY- THREE (23), ALL IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE LAKE UNIT NO. 1 RECORDED AS DOCUMENT#71-215; THENCE NORTH 60 DEGREES 17 MINUTES 26 SECONDS EAST, 724.86 FEET ALONG THE CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A 1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY 631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43 DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES 21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE TO A POINT; THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST 1776.45 FEET TO A POINT; THENCE SOUTH 52 DEGREES 21 MINUTES 00 SECONDS WEST 1343.89 FEET TO A POINT IN THE CENTERLINE OF 4 . o _ BRISTOL ROAD; THENCE NORTH 37 DEGREES 39 MINUTES 00 SECONDS WEST 1778.85 FEET ALONG SAID CENTERLINE TO THE POINT OF BEGINNING. ALSO: THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY ROAD),AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE LAKE UNIT NO. 1, RECORDED AS DOCUMENT#71-215; THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST 1778.85 FEET ALONG THE CENTERLINE OF BRISTOL ROAD FOR THE POINT OF BEGINNING; THENCE NORTH 52 DEGREES 21 MINUTES 00 SECONDS EAST 1343.89 FEET TO A POINT; THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST 1645.23 FEET TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34; THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 1350.80 FEET ALONG SAID CENTERLINE OF ILLINOIS ROUTE 34 TO THE INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD; THENCE NORTH 37 DEGREES 39 MINUTES 00 SECONDS WEST 1781.63 FEET ALONG SAID CENTERLINE OF BRISTOL ROAD TO THE POINT OF BEGINNING. ALSO: THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE LAKE UNIT NO. 1, RECORDED AS DOCUMENT#71-215; THENCE NORTH 60 DEGREES 17 MINUTES 26 SECONDS EAST 724.86 FEET ALONG THE CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A 1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY 631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43 DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES 21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE FOR THE POINT OF BEGINNING; THENCE CONTINUE NORTH 27 DEGREES 15 MINUTES 21 SECONDS EAST 551.92 FEET ALONG SAID CENTERLINE TO A POINT; 5 THENCE SOUTH 45 DEGREES 56 MINUTES 15 SECONDS EAST 150t96 FEET ALONG AN EXISTING FENCE LINE TO A POINT; THENCE SOUTH 35 DEGREES 48 MINUTES 56 SECONDS EAST 2104.69 FEET ALONG SAID FENCE LINE TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34; THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 652.28 FEET ALONG SAID CENTERLINE TO A POINT; THENCE NORTH 37 DEGREES 39 MINUTES 00 SECONDS WEST 3421.68 FEET TO THE POINT OF BEGINNING. ALSO: THAT PART OF THE SOUTH HALF OF SECTION 11 AND PART OF THE NORTHWEST QUARTER OF SECTION 14, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SECTION 11; THENCE SOUTH 0 DEGREES 57 MINUTES 0 SECONDS WEST 442 FEET TO THE NORTH LINE OF THE RIGHT OF WAY OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD; THENCE NORTH 75 DEGREES 17 MINUTES 0 SECONDS EAST 1728 FEET ALONG SAID RIGHT OF WAY LINE TO THE SOUTH LINE OF SECTION 11; THENCE SOUTH 89 DEGREES 53 MINUTES 0 SECONDS EAST 1001.25 FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF SAID SECTION 11; THENCE NORTH 89 DEGREES 54 MINUTES 0 SECONDS EAST 1339.5 FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 11; THENCE NORTH 0 DEGREES 40 MINUTES 0 SECONDS EAST 977.5 FEET TO THE CENTERLINE OF THE HIGHWAY; THENCE NORTH 74 DEGREES 15 MINUTES 0 SECONDS WEST 727.2 FEET ALONG SAID CENTERLINE; THENCE NORTH 79 DEGREES 10 MINUTES 0 SECONDS WEST 2877.4 FEET ALONG SAID CENTERLINE TO THE CENTERLINE OF A NORTH AND SOUTH HIGHWAY; THENCE SOUTH 7 DEGREES 7 MINUTES 0 SECONDS EAST 364.8 FEET ALONG THE CENTER OF SAID NORTH AND SOUTH HIGHWAY; THENCE NORTH 89 DEGREES 47 MINUTES 0 SECONDS WEST 503.33 FEET TO THE WEST LINE OF SAID SECTION 11; THENCE SOUTH 0 DEGREES 52 MINUTES 0 SECONDS WEST ALONG SAID WEST LINE 1327.6 FEET TO THE POINT OF BEGINNING; EXCEPT THAT PART LYING NORTHERLY OF THE SOUTHERLY RIGHT OF WAY LINE OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD AFORESAID IN THE TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS. • 6 GRANDE RESERVE SOUTH REGION THAT PART OF SECTIONS 15, 22 AND 23, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE POINT OF INTERSECTION OF THE NORTH AND SOUTH CENTERLINE OF SAID SECTION 15 WITH THE TANGENT OF THE CENTERLINE OF STATE AID ROUTE 20 AS ESTABLISHED BY INSTRUMENT RECORDED MAY 12, 1952 AS DOCUMENT 125479;THENCE WESTERLY ALONG SAID TANGENT 185.32 FEET; THENCE SOUTH 17 DEGREES 20 MINUTES 0 SECONDS EAST TO THE CENTERLINE OF SAID STATE AID ROUTE 20; THENCE SOUTH 17 DEGREES 20 MINUTES 0 SECONDS EAST 1303.46 FEET FOR THE POINT OF BEGINNING; THENCE NORTH 17 DEGREES 20 MINUTES 0 SECONDS WEST 113.8 FEET; THENCE SOUTH 77 DEGREES 08 MINUTES 0 SECONDS WEST 428.4 FEET; THENCE NORTH 17 DEGREES 28 MINUTES 0 SECONDS WEST 1370.9 FEET TO THE CENTERLINE OF STATE AID ROUTE 20; THENCE NORTH 81 DEGREES 05 MINUTES 0 SECONDS WEST ALONG SAID CENTERLINE 254.26 FEET TO A POINT 194.7 FEET EASTERLY AS MEASURED ALONG SAID CENTERLINE OF THE NORTHEAST CORNER OF ERICKSON'S SUBDIVISION; THENCE SOUTHERLY PARALLEL WITH THE EASTERLY LINE OF SAID ERICKSON'S SUBDIVISION, 462 FEET; THENCE WESTERLY PARALLEL WITH THE CENTERLINE OF SAID ROAD 194.7 FEET TO THE EASTERLY LINE OF SAID SUBDIVISION; THENCE SOUTHERLY ALONG SAID EASTERLY LINE TO THE SOUTHEAST CORNER OF SAID SUBDIVISION; THENCE WESTERLY ALONG THE SOUTHERLY LINE OF SAID SUBDIVISION AND SAID LINE EXTENDED 1785.3 FEET TO A POINT ON THE WEST LINE OF THE SOUTHWEST QUARTER OF SAID SECTION 15; THENCE SOUTH 0 DEGREES 55 MINUTES 0 SECONDS EAST ALONG SAID WEST LINE 904 FEET; THENCE NORTH 88 DEGREES 03 MINUTES 0 SECONDS EAST 1629 FEET; THENCE SOUTH 36 DEGREES 11 MINUTES 0 SECONDS EAST 2187 FEET; THENCE SOUTH 39 DEGREES 18 MINUTES 0 SECONDS EAST 3776.7 FEET TO THE CENTERLINE OF U. S. ROUTE 34; THENCE NORTHEASTERLY ALONG SAID CENTERLINE 1353 FEET TO THE SOUTHWEST CORNER OF UNIT THREE, RIVER RIDGE; THENCE NORTHWESTERLY ALONG THE SOUTHWESTERLY LINE OF SAID UNIT THREE, RIVER RIDGE AND ALONG THE SOUTHWESTERLY LINE OF UNIT TWO, RIVER RIDGE 2686 FEET TO THE NORTHWEST CORNER OF SAID UNIT TWO, RIVER RIDGE; THENCE NORTHEASTERLY ALONG THE NORTHWESTERLY LINE OF SAID UNIT TWO, RIVER RIDGE AND ALONG THE NORTHWESTERLY LINE OF UNIT 7 ONE, RIVER RIDGE 824.42 FEET TO THE CENTERLINE OF STATE AID ROUTE 20; THENCE NORTHWESTERLY ALONG SAID CENTERLINE 1886.5 FEET TO A LINE DRAWN NORTH 69 DEGREES 10 MINUTES 0 SECONDS EAST FROM THE POINT OF BEGINNING; THENCE SOUTH 69 DEGREES 10 MINUTES 0 SECONDS WEST 1084.7 FEET TO THE POINT OF BEGINNING, IN THE TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS. EXCEPT FROM SAID PARCEL THAT PART LYING NORTHERLY OF THE FOLLOWING DESCRIBED LINE: COMMENCING AT THE SOUTHWEST CORNER OF STRUKEL'S PARADISE LAKE UNIT 1; THENCE NORTHWESTERLY ALONG THE SOUTHWESTERLY LINE OF SAID STRUKEL'S PARADISE LAKE UNIT 1, BEING THE CENTERLINE OF BRISTOL RIDGE ROAD, ON A BEARING OF NORTH 37 DEGREES 10 MINUTES 58 SECONDS WEST WHICH IS THE BASIS OF BEARINGS FOR THE DESCRIPTION OF THIS LINE, A DISTANCE OF 230.00 FEET; THENCE SOUTH 52 DEGREES 49 MINUTES 02 SECONDS WEST 50.00 FEET; THENCE SOUTH 67 DEGREES 14 MINUTES 17 SECONDS WEST 361.39 FEET; THENCE NORTH 58 DEGREES 13 MINUTES 13 SECONDS WEST 139.28 FEET; THENCE SOUTH 84 DEGREES 25 MINUTES 29 SECONDS WEST 152.64 FEET; THENCE SOUTH 40 DEGREES 17 MINUTES 18 SECONDS WEST 92.20 FEET; THENCE SOUTH 40 DEGREES 43 MINUTES 21 SECONDS WEST 71.59 FEET; THENCE NORTH 70 DEGREES 52 MINUTES 22 SECONDS WEST 180.28 FEET; THENCE SOUTH 68 DEGREES 04 MINUTES 20 SECONDS WEST 570.09 FEET; THENCE NORTH 83 DEGREES 13 MINUTES 28 SECONDS WEST 194.49 FEET; THENCE NORTH 80 DEGREES 06 MINUTES 46 SECONDS WEST 293.64 FEET; THENCE SOUTH 79 DEGREES 22 MINUTES 56 SECONDS WEST 178.89 FEET; THENCE SOUTHWESTERLY ALONG THE ARC OF A CURVE CONCAVE TO THE SOUTH, HAVING A RADIUS OF 180.00 FEET, HAVING A CHORD BEARING OF SOUTH 82 DEGREES 25 MINUTES 09 SECONDS WEST, A DISTANCE OF 306.52 FEET, THENCE SOUTHWESTERLY 94.34 FEET, MORE OR LESS, TO A POINT IN THE WESTERLY LINE OF SAID PARCEL, SAID POINT BEING 1,100.00 FEET NORTHWESTERLY OF THE CENTERLINE OF KENNEDY ROAD AS MEASURED ALONG SAID WESTERLY LINE, FOR THE TERMINUS OF SAID LINE. 8 '71, c, r m 7 r l --') C- k,: :11,!'....'-::::::: ; \I . --1 'i, '' ,.- _ _ l �„ :md.,n� I rnriv ._r._ ' 1 '� �y`:, y.', I . \ llE S6'i� .44if- : \ ^s� CTT„- it l ' ti.. it 11 l - LLLLLL-i.1 i i=2 7 i 'l`ltL�( - ' �}� �� -:.::.:11),_' '''-'-'1:.!' � � �'� � �--.1:.-7'a.:1 n4--;,0,',1-'..;,.:;" :i"'\ "r' 1\� ,x _ ��- ..� L�L i'L'1'Lt_1_L'LZ.1'c1 ) �-_, ��`'�dI.�LL��L� �� '`c�,.• �,� /ll • � � ���:�1�'` �'�� ' �y�=k� ��� LL � L r , . --� �'.L.��lLll_(L�47,-/i...4://,.. ��� ���� .,. , � �I 1` I Iavl L� T o';',3,\'',7,:-,?5.`,':.:'.-/ ti � .�L T`` \� k,,`� �� -'k/-4X-.,R,.\-L\ \``1 .'. r .I :,"::::::.::'''-''`j:-:;',::.',::-';:::-.'"::2:'::::E — i .`; �� ::-,t1'1,'.:::'.-1:1'.A'R , • i S p,.�":,:l.-1, ��L`� �_1 /11L� '<�l � `�� L \�'L�1t1'L/c�` ��(i`<' I�T �ILL���S��,'. 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' ' ,,- s-N, <'',4 ...ft--,-, <-‘ - 5--,:',-.-- .--,-/ '5.-'-' ' ' - , ,.•:•:„,- . ,-;\•,,,, ,," , _______--- /...., ,x----‘,„, ,-,„• <<:<,<,-, '..-;151,,ST, i ' . //a fq.!,:7,cf•'''' - , ;„,:<„,.>5.I ..i t-,,_,'•,M.e.xxsc •' c• \ .:•,.. , \ •-...:4",1:i-F-i'.T7Ea.-: v*t- ,7 i--.1%;-ii'L':"S',2'jcc, - ''.;,e-' z' ' ''y ,,.e.:;!•:1 i,,,;tv.,:,--" .1-11A1" ›,''', e ,'' -'' ' \ , >>1 ,'":,`''' c-•>•••••x.- , ,..Ais.,-„--,,,i,,,, „:„..,••••• t; •',, ',:i-1- /-•• .-°' .., . ,.._ • .,,,• ,...,..-, Memorandum To: Mayor& City Council From: Kim King Date: 2/23/2004 irldor Re: Revised Bill List totals for 2/24/04 The payment to Kendall County in the amount of$15,542.88 has to be voided and re-issued in the amount of$7,770.62. This is the final payment amount due for the EDC Loan. This will revise the bill list as follows: REVISED A/P VENDORS = $640,992.14 PAYROLL = $126,856.69 TOTAL REVISED DISBURSEMENTS = $767,848.83 I apologize for any confusion this may have caused. 1 FASPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 KEVIN W.McCANNA DAVID F.PHILLIPS LARRY P.BURGER DANIEL D.FORBES BARBARA L.CHEVALIER PRESIDENT SR.VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT February 24, 2004 The Honorable Arthur F. Prochaska, Jr. and Members of the City Council United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Dear Mayor Prochaska and City Council Members: Bids were received today for the $1,600,000 Debt Certificates, Series 2004A. There were four bids received which are listed at the bottom of this letter in accordance with the signed bids. Upon examination, it is our opinion that the bid of Old Second Bank- Yorkville, Yorkville, Illinois, is the best bid received, and it is further our opinion that the bid is favorable to the City and should be accepted. We therefore recommend that the Certificates be awarded to that bidder at a price of $1,600,000.00, plus accrued interest, being at a true interest rate of 2.9816%. True Account Managers Interest Rate Bernardi Securities, Inc., Chicago, IL 4.3130% Griffin, Kubik, Stephens &Thompson, Inc., Chicago, IL 4.0470% Harris Trust and Savings Bank, Chicago, IL 3.6304% Old Second Bank -Yorkville, Yorkville, IL 2.9816% Respectfully submitted, Kevin W. McCanna President KWM/rmr Enclosures SUITE 4100•ONE NORTH LASALLE STREET•CHICAGO,ILLINOIS 60602•(312)346-3700•FAX(312)346-8833 SUITE 608.531 COMMERCIAL STREET•WATERLOO,IOWA 50701•(319)291-2077•FAX(319)291-8628 SPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 SUITE 4100•ONE NORTH LASALLE STREET•CHICAGO,ILLINOIS 60602•(312)346-3700•FAX(312)346-8833 Investment Rating: Standard & Poor's ... BBB+ $1,600,000 UNITED CITY OF YORKVILLE Kendall County, Illinois Debt Certificates, Series 2004A Date of Sale: February 24, 2004 Average Life: 6.640 Years Bond Buyer Index: 4.50 (Based on TIC) Bidders* Price Maturities Rates Interest Old Second Bank-Yorkville, Yorkville, IL 100.000% 2005 1.400% 2.9816% 2006 1.700% $319,179.53 2007 2.050% 2008 2.300% 2009 2.550% 2010 2.800% 2011 3.150% 2012 3.250% 2013 3.450% 2014 3.600% Harris Trust and Savings Bank, Chicago, IL 100.085% 2005 2.000% 3.6304% First Tennessee/Kansas City 2006-2007 2.900% $388,176.75 Wachovia Capital Markets 2008 3.200% Kirlin Securities, Inc. 2009 3.400% Ruan Securities 2010 3.500% Southwest Securities 2011 3.750% 2012-2014 4.000% Griffin, Kubik, Stephens &Thompson, Inc., 102.688% 2005 3.000% 4.0470% Chicago, IL 2006 3.500% $440,141.81 2007-2008 4.000% 2009-2012 4.500% 2013-2014 5.000% Bernardi Securities, Inc., Chicago, IL 100.002% 2005 4.950% 4.3130% 2006-2007 5.000% $458,397.83 2008 4.350% 2009 3.700% 2010 4.000% 2011 4.100% 2012 4.200% 2013 4.400% 2014 4.500% *Syndicate information is provided by the underwriter. The information contained in this report is the most current available. 02/24/2004 10:11 FAX 6308920170 OSNB TRUST 0 003 OFFICIAL BID FORM United City of Yorkville February 24,2004 800 Game Farm Road Speer Financial,Inc. Yorkville,Illinois 60560 Facsimile:(312)346-8833 City Council Members: For the$1,600,000 Debt Certificates,Series 2004A, of the United City of Yorkville,Kendall County,Illinois, as described in the annexed Official Notice of Sale,which is expressly made a part of this bid, we will pay you S / 6.-rf( 006-- (no less than par)plus accrued interest from March 1,2004,to the date of delivery for Certificates bearing interest as glows(ea6h tate a multiple of 1/8 or 1/20 of 1%). MATURITIES—DECEMBER 30 5135,000 2005 gs $160,000 2010 0` 0% • 140,000 2006 `/7U k 170,000 2011 3,1s% 145,000 2007r,2 % 175,000 2012 3025-% 150,000 2008 ,7-?,/)k 180,000 2013 2,4E% 155,000 2009 1 a5( 190,000 2014 340% . The Certificates are to be executed and delivered to us in accordance with the terms of this bid accompanied by the approving legal opinion of Chapman and Cutler LLP, Chicago, Illinois. The City will pay for the legal opinion. The underwriter agrees to apply for CUSIP numbers within 24 hours and pay the fee charged by the CUSIP Service Bureau and will accept the Certificates with the CUSIP numbers as entered on the Certificates. As evidence of our good faith, we enclose herewith a check or Surety Bond payable to the order of the Treasurer of the City in the amount of TWO PERCENT OF PAR (the "Deposit") under the terms provided in your Official Notice of Sale. Attached hereto is a list of members of our account on whose behalf this bid is made. Form of Deposit Account Manager Information Bidders Option Insurance r Check One: cd J P anti /3 E VOrk-t4/ltv 4-4 btd 4 - a o s Name t(cC t�� , c ei We have purchased Ce Cashiers Check'[] insurance from: _ Financial Surety Bond [] Address 3 7 `ST /8 ' -✓ 14- (Check One) r l ( i'u'4 r 2,000 CAJ t/'t ��,�_ �Q outU: $3 ,000 __, 7 13y r`dwkt[ Q!—f f./i'rrfct.as✓ AMBAC The above Certified/Cashier's FC*^ Check was returned and received City c ,t—r—er State/Zip tIC 6GCO(o FSA (� / MBIA By: Direct Phone(G 3p ) t5 SC[i c0'7 67 7 / r� Maturities:(Check One) Check Number: FAX Number(b 3 O ) 6 ga - 0/7o Years All E-Mail Address j h 1 n 4-01,"N O Ci R rt C eitp,C n.l The foregoing bid was accepted and the Certificates sold by ordinance of the City on February 24, 2004, and receipt is hereby acknowledged of the good faith Deposit which is being held in accordance with the terms of the annexed Official Notice of Sale. UN1TED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS Mayor NOT PART OF THE BID ___Lcalcula ion of true interest cosr Gross Interest $ Less Premium $ l True Interest Cost $ True Interest Rate 9(& 7o 7p/ TOTAL CERTIFICATE YEARS 10,623.89 AVERAGE LIFE 6.640 Years United City of Yorkville, Kendall County, Illinois $1,600,000 Debt Certificates, Series 2004A **Final** Debt Service Schedule Date Principal Coupon Interest Total P+l Fiscal Total 03/01/2004 - - - - - 12/30/2004 - - 35,894.53 35,894.53 35,894.53 06/30/2005 - - 21,608.75 21,608.75 - 12/30/2005 135,000.00 1.400% 21,608.75 156,608.75 178,217.50 06/30/2006 - - 20,663.75 20,663.75 _ - 12/30/2006 _ — 140,000.00 1.700% 20,663.75 160,663,75 181,327.50 06/30/2007 - - 19,473.75 19,473.75 - 12/30/2007 145,000.00 2.050% 19,473.75 164,473.75 183,947.50 06/30/2008 - - 17,987.50 17,987.50 - 12/30/2008 150;000.00 2,300% 17,987.50 167,987.50 _ 185,975.00 - ____ —06/30/2009— - -.__...___._. ---- 16,262.50 16,262.50 - �� 12/30/2009 155,000.00 2.550% 16,262.50 171,262.50 187,525.00 06/30/2010 - - 14,286.25 14,286.25 - 12/30/2010 160,000.00 2.800% 14,286.25 174,286.25 188,572.50 06/30/2011 - - 12,046.25 ,4— 12,046.25 - 12/30/2011 170,000.00 3.150% 12,046.25 182,046.25 194,092.50 06/30/2012 - - 9,368.75 9,368.75 - 12/30/2012 175,000.00 3.250% 9,368.75 184,368.75 193,737.50 06/30/2013 - - 6,525.00 6,525.00 - -_.12/_30/2013 —— ___ 180,000.00____—_3.450°_/° —_ _6,525.00 __--_ 186,525.00 __— __ _ 193,050.00_ _ 06/30/2014 _ - - 3,420.00 3,420.00 — - 12/30/2014 190,000.00 3.600% 3,420.00 193,420.00 196,840.00 Total $1,600,000.00 - $319,179.53 $1,919,179.53 - Yield Statistics Bond Year Dollars — $10,623.89 Average Life—_ __._.---------.—.------------ 6:640 Years Average Coupon 10043568% Net Interest Cost(NIC) 3.0043568% True Interest Cost TIC __�-- 2.9816701% Bond Yield for Arbitrage Purposes 2.9816701% All Inclusive Cost A1C 2.9816701% IRS Form 8038 Net Interest Cost 3.0043568% Weighted Average Maturity 6.640 Years Series 2004A-Bid Check I SINGLE PURPOSE 12/24/2004 I 10:07 AM Speer Financial, Inca Public Finance Consultants Since 1954 Page 1 [11-Feb-2004] United City of Yorkville, Illinois; Appropriation, Appropriation; Tax Secu... Page 1 of 3 STANDARD RATINGSD RECT &POOR S Research: Return to Regular Format United City of Yorkville, Illinois; Appropriation, Appropriation; Tax Secured, General Obligation Publication date: 11-Feb-2004 Credit Analyst: Michael Zinman, New York(1)212-438-2037;Jeffrey Panger, New York(1)212-438-2076 Credit Profile US$1.6 mil debt certs ser 2004A dtd 03/01/2004 due 12/30/2005-2014 BBB+ Sale date:24-FEB-2004 US$3.5 mil GO wtr&swr bnds (alternate rev source) ser 2004B dtd 03/01/2004 due 12/30/2005-2018 A- Sale date:24-FEB-2004 AFFIRMED $2.899 mil. United City of Yorkville debt certs cap apprec bnds ser 2002 dtd 08/29/2002 due 05/01/2004-2021 AA/BBB+(SPUR) OUTLOOK: STABLE E Rationale The 'A-'rating on United City of Yorkville, III.'s general obligation water and sewer bonds (alternate revenue source), series 2004B, reflects the general obligation (GO)pledge of the city. The 'BBB+' rating on United City of Yorkville, III.'s debt certificates, series 2004A, reflects the city's covenant to make payments payable from any funds legally available and annually appropriated by the city, through an installment contract between the city and city treasurer. The ratings additionally reflect the city's: • Proximity to the strong DuPage County area economy, • Above-average income and wealth levels, and • Sound financial position. A high debt burden and looming growth pressures offset the above strengths. The 2004B bonds are structured as alternate revenue source bonds,secured by the city's pledge of several revenue streams and by its general obligation pledge to make up any deficiencies with unlimited property taxes. Property taxes will be abated only if the city has adequate funds on hand to pay debt service. The 2004A bonds are secured by the city's covenant to make payments payable from any funds legally available and annually appropriated by the city, through an installment contract between the city and city treasurer. Yorkville is a nonhome rule jurisdiction, situated in Kendall County, southwest of Aurora, Ill. ('AA' GO rating) and Naperville, Ill. ('AAA'GO rating). The city has seen relatively significant population increases, due to the combination of the high demand for affordable residential development in the area �. ..� .� .\.�� ..i.��.-. .. \t \t /\/�/ f'\ .. \T t • 1 1 nfll fl Il) /1//1A11A [11-Feb-2004] United City of Yorkville, Illinois; Appropriation, Appropriation; Tax Secu... Page 2 of 3 and numerous annexations. Population has grown from 6,189 in 2000 to 8,749 in 2003, a 41.3% increase in three years. The city is poised for considerable development, as growth from Chicago, Ill. pushes westward. Management estimates that future annexations and continued strong demand for new houses will drive the population to nearly 13,000 by 2006.Assessed value (AV)has had solid gains in recent history, growing 22% and 15% in fiscal 2003 and fiscal 2002, respectively, to a current $165 million. Prior to fiscal 2002, the tax base had increased 5.8%on average, annually since fiscal 1996. Residents commute to jobs in Kane and DuPage counties ('AA'and 'AAA' GO ratings, respectively). Major area employers include: • Harper-Wyman Co., Appliance Control Group, thermostatic controls (1,400 employees); • Waubonsee Community College,education (750); and • Lyon Metal Products, steel storage equipment(600). Despite access to a wide-variety of employment opportunities, the city's unemployment rate typically exceeds state and national averages. In 2002, the city's unemployment rate averaged 8.2%, which was high compared to the state (6.1%)and nation (5.8%). Although more recent figures are unavailable for the city,through June 2003, the county's unemployment rate (7.3%) also exceeded that of the state (6.7%) and nation (6.1%). Income levels are above average. Median household income levels for Yorkville are 117% and 129% of state and national averages, respectively. An above-average market value per capita ($80,060) paints an accurate picture of the wealth levels in the township, as the tax base is predominantly residential. The city's financial position remains healthy in light of rapid population growth that is expected to translate into capital pressures on the city and other local jurisdictions, potentially leading to higher debt burden as new school, library, and park facilities are built to serve the larger population. At fiscal year- end 2003 (April 30), the unreserved general fund balance stood at$955,000, or a sound 17.4% of operating expenditures, up from the previous fiscal year when the unreserved general fund balance totaled $704,000 (restated), or 17.1% of operating expenditures. The influx of new residents in the city has lead to the tripling of license, permit, and fee revenues over a three-year period from $342,000 in fiscal 2001 to $1.1 million in fiscal 2003. Additionally, sales tax revenues have increased from $1.0 million to$1.5 million over the same time frame. Continual growth of these revenue streams in conjunction with higher-than-anticipated property taxes revenues due to new residential construction has lead management to expect that financial operations will generate a surplus in fiscal 2004, despite state-shared revenue cuts. The city relies on state distributions of sales and income tax revenues (41%)and property taxes (29%) as its primary operating revenue sources. Based on 2003 special census results, management expects the city to realize an additional $200,000 of income tax revenues in fiscal 2005, as the state's income tax distribution is population driven. However, despite the city's pro-active approach to setting appropriate staffing levels and improving processes to accommodate heightened service needs, staffing costs are expected to significantly rise in the future, potentially offsetting gains related to population growth. M Outlook The stable outlook reflects the expectation that the city will maintain balanced financial operations as capital needs rise from growth. Debt The city's overall debt burden is high at$3,941 per capita and 6.9% of market value. Debt-service carrying charges are moderate at 8%of expenditures,while amortization of outstanding debt is slow as only 35% will have matured within 10 years. The city maintains a six-year(2004-2009)capital improvement plan (CIP)totaling $51.0 million. The plan is relatively evenly distributed among water, sewer and street projects,with the bulk of the projects planned for the first four years (see chart below). Despite the relatively large size of the CIP, management does not intend to raise the necessary funds [11-Feb-2004] United City of Yorkville, Illinois;Appropriation, Appropriation; Tax Secu... Page 3 of 3 through debt financing. Instead, the city is expecting to be able to use monies previously raised through the issuance of debt certificates, future water system connection fees, funding from developers, motor fuel taxes, and a small portion of the general fund balance,to fund various capital projects. Proceeds from the 2004B bonds will go towards funding various water system improvements while proceeds from the 2004A debt certificates will finance various sewer system projects. jimage Copyright©1994-2004 Standard&Poor's,a division of The McGraw-Hill Companies. - Themcoruw-li1 r All Rights Reserved.Privacy Policy r:a` ��• �" FASPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 KEVIN W.McCANNA DAVID F.PHILLIPS LARRY P.BURGER DANIEL D.FORBES BARBARA L.CHEVALIER PRESIDENT SR.VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT February 24, 2004 The Honorable Arthur F. Prochaska, Jr. and Members of the City Council United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Dear Mayor Prochaska and City Council Members: Bids were received today for the $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B. There were five bids received which are listed at the bottom of this letter in accordance with the signed bids. Upon examination, it is our opinion that the bid of Banc One Capital Markets, Inc., Chicago, Illinois, is the best bid received, and it is further our opinion that the bid is favorable to the City and should be accepted. We therefore recommend that the Bonds be awarded to that bidder at a price of $3,500,030.30, plus accrued interest, being at a true interest rate of 3.6147%. True Account Managers Interest Rate Banc One Capital Markets, Inc., Chicago, IL 3.6147% Griffin, Kubik, Stephens & Thompson, Inc., Chicago, IL 4.0125% Harris Trust and Savings Bank, Chicago, IL 3.6706% Old Second Bank- Yorkville, Yorkville, IL 3.7940% UBS Financial Services Inc., Chicago, IL 3.6769% Respectfully submitted, Acr Kevin W. McCanna President KW M/rmr Enclosures SUITE 4100•ONE NORTH LASALLE STREET•CHICAGO,ILLINOIS 60602•(312)346-3700•FAX(312)346-8833 SUITE 608•531 COMMERCIAL STREET•WATERLOO,IOWA 50701 •(319)291-2077•FAX(319)291-8628 SPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 SUITE 4100•ONE NORTH LASALLE STREET•CHICAGO,ILLINOIS 60602•(312)346-3700•FAX(312) 346-8833 Insured Investment Rating: Standard & Poor's ... AAA (MBIA Insured) Underlying Investment Rating: Standard & Poor's ... A- $3,500,000 UNITED CITY OF YORKVILLE Kendall County, Illinois General Obligation Bonds (Alternate Revenue Source), Series 2004B Date of Sale: February 24, 2004 Average Life: 10.268 Years Bond Buyer Index: 4.50 (Based on TIC) Bidders* Price Maturities Rates Interest Banc One Capital Markets, Inc., Chicago, IL 100.001% 2005-2007 2.500% 3.6147% A.G. Edwards &Sons, Inc. 2008-2009 2.750% $1,306,503.35 2010-2012 3.000% 2013-2015 3.500% 2016-2018 4.000% Harris Trust and Savings Bank, Chicago, IL 100.002% 2005 2.800% 3.6706% First Tennessee/Kansas City 2006 2.900% $1,323,894.72 Wachovia Capital Markets 2007 3.000% Kirlin Securities, Inc. 2008-2010 3.100% Ruan Securities 2011-2014 3.550% Southwest Securities 2015 3.650% 2016 3.750% 2017 3.900% 2018 4.000% UBS Financial Services Inc., Chicago, IL 100.028% 2005-2006 2.250% 3.6769% Citigroup Global Markets, Inc. 2007-2008 2.500% $1,329,296.06 2009-2010 3.000% 2011-2012 3.250% 2013 3.300% 2014 3.500% 2015-2018 4.000% *Syndicate information is provided by the underwriter. The information contained in this report is the most current available. SPEER FINANCIAL, INC. Page 2 of 2 $3,500,000 UNITED CITY OF YORKVILLE Kendall County, Illinois General Obligation Bonds (Alternate Revenue Source), Series 2004B Bidders* Price Maturities Rates Interest Old Second Bank -Yorkville, Yorkville, IL 100.000% 2005 1.400% 3.7940% 2006 1.700% $1,344,090.85 2007 2.050% 2008 2.300% 2009 2.550% 2010 2.800% 2011 3.150% 2012 3.250% 2013 3.450% 2014 3.600% 2015 3.800% 2016 3.950% 2017 4.200% 2018 4.300% Griffin, Kubik, Stephens & Thompson, Inc., 100.000% 2005-2008 2.500% 4.0125% Chicago, IL 2009 3.000% $1,452,429.13 2010 3.250% 2011-2012 3.500% 2013-2014 3.750% 2015-2016 4.250% 2017-2018 4.500% *Syndicate information is provided by the underwriter. The information contained in this report is the most current available. BANK ONE Fax:3127329282 Feb 23 2004 7:26 P. 01 OFFICIAL BID FORM United City of Yorkville February 24,2004 800 Game Farm Road Speer Financial, Inc. Yorkville, Illinois 60560 Fauinule: (312)346-88.33 City Council Members: For the 53,500,000 General Obligation Bonds (Alternate Revenue Source). Series 2004B. of the United City of Yorkville, Kendall Cou ry, Illinois, as described in the annexed Official Notice of Sale, which is expressly made a part of this bid, we will pay you Soo i7jT. ' 00 (no less than par) plus accrued interest from March 1, 2004. to the date of delivery for Bonds bearing interest as follows(each rate a multiple of 1/8 or 1/20 of 1%). / 5O°/0 30 •' 0 MATURITIES-DECEMBER 30 S120,000 2005 o2'5-° % $170,000 2012 1% J •07) 125,000 2006 Z5-5% 280,000 2013 3-CO % 135,000 2007 'CD % 375,000 2019 '3'56 ti 140,000 2008 2-35 % 195,000 201 5'3 145,000 2009 �' � 410,000 2016-37W- 155,000 016-155,000 2010 -3'01 435,000 2017 Y.co 150,000 2011 t9'el) 955,000 2018 V-610 % The Bonds are to be executed and delivered to us in accordance with the terms of this bid accompanied by the approving legal opinion of Chapman and Cutler LLP, Chicago, Illinois. The City will pay for the legal opinion. The underwriter agrees to apply for CUSIP numbers within 24 hours and pay the fes charged by the CUSIP Service Bureau and will accept the Bonds with the CUSIP numbers as entered on the Bonds. As evidence of our good faith, we enclose herewith a check or Surety Bond payable to the order of the Treasurer of the City in the amount of TWO PERCENT OF PAR (the "Deposit") under the terms provided in your Official Notice of Sale. Attached hereto is a list of members of our account on whose behalf this bid is made. Form of Deposit Account Manager Information Check One: Name 'A.'- : Cli 11/1 C. h• Certified/Cashier's Check [] Financial Surety Bond Address ( = yam„_ pLA 2s Amount: $70.000 By �1 The above Certified/Cashier's Check was returned and received City r.44,1 C.4',o State/Zip L By: Direct Phone Check Number: FAX Number( 311 ) 71,2- 12.4 E-Mail Address The foregoing bid was accepted and the Bonds sold by ordinance of the City on February 24, 2004, and receipt is hereby acknowledged of the good faith Deposit which is being held in accordance with the terms of the annexed Official Notice of Sale. UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS Mayor NOT PART OF THE BID (Calculation qf true interest cost) Gross Interest i%'S ( 3O6(S33* (i Less Premium`) S mer 90` •U -True) rest-Cost S f-3 / (, -.706 503. 3s- True Interest Rate � 3 6(Y-7 TOTAL BOND YEARS $35.936.94 AVERAGE LIFE 10.268 Years United City of Yorkville, Kendall County, Illinois $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B **Final** Debt Service Schedule Part 1 of 2 Date Principal Coupon Interest Total P+I Fiscal Total 03/01/2004 - - - - - 06/30/2004 - - 39,877.40 39,877.40 - 12/30/2004 - - 60,318.75 60,318.75 100,196.15 06/30/2005 - - 60,318.75 60,318.75 - 12/30/2005 120,000.00 2.500%—_� 60,318.75 180,318.75 —,— 240,637.50 06/30/2006 - 58,818.75 58,818.75 - 12/30/2006 125,000.00 2.500% 58,818.75 183,818.75 242,637.50 06/30/2007 - - 57,256.25 57,256.25 - 12/30/2007 135,000.00 2.500% 57,256.25 192,256.25 249,512.50 06/30/2008 - - 55,568.75 55,568.75 - 12/30/2008 140,000.00 2.750% 55,568.75 195,568.75 251,137.50 06/30/2009 - - 53,643.75 53,643.75 - 12/30/2009 145,000.00 2.750% 53,643.75 198,643.75 252,287.50 06/30/2010 - - 51,650.00 51,650.00 - 12/30/2010 155;000.00 3.000% — 51,650.00 206,650.00 258,300.00 06/30/2011 - - 49,325.00 49,325.00 - 12/30/2011 160,000.00 3.000% 49,325.00 209,325.00 258,650.00 06/30/2012 - - 46,925.00 46,925.00 - 12/30/2012 170,000.00 3.000% 46,925.00 216,925.00 263,850.00 06/30/2013 - - 44,375.00 44,375.00 12/30/2013 280,000.00 3.500% 44,375.00 324,375.00 368,750.00 06/30/2014 - - 39,475.00 39,475.00 - 12/30/2014 375,000.00 3.500% 39,475.00 414,475.00 453,950.00 06/30/2015 - - 32,912.50 32,912.50 - 12/30/2015 395,000.00 3.500% 32,912.50 427,912.50 460,825.00 06/30/2016 - - 26,000.00 26,000.00 - 12/30/2016 410,000.00 4.000% 26,000.00 436,000.00 462,000.00 06/30/2017 - - 17,800.00 17,800.00 - 12/30/2017 435,000.00 4.000% 17,800.00 452,800.00 470,600.00 06/30/2018 - - 9,100.00 9,100.00 - 12/30/2018 455,000.00 4.000% 9,100.00 464,100.00 473,200.00 Total $3,500,000.00 - $1,306,533.65 $4,806,533.65 - Series 2004B-Bid Check I SINGLE PURPOSE 12/24/2004 I 10:12 AM • Speer Financial, Inca Public Finance Consultants Since 1954 Page 7 United City of Yorkville, Kendall County, Illinois $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B **Final** Debt Service Schedule Part 2 of 2 Yield Statistics Bond Year Dollars $35,936.94 Avee Life _-_ 10.268 Years Average Coupon 3.6356281% Net Interest Cost(NIC) 3.6355438% True Interest Cost(TIC) 3.6147812% Bond Yield for Arbitrage Purposes _ 3.6148845% All Inclusive Cost(Ala _— 3.6147812% IRS Form 8038 Net Interest Cost 3.6356281% Weighted Average Maturity 10.268 Years Series 2004B-Bid Check I SINGLE PURPOSE I 2/24/2004 110:12 AM Speer Financial, Inc. Public Finance Consultants Since 1954 Paget FASPEER FINANCIAL, INC. PUBLIC FINANCE CONSULTANTS SINCE 1954 KEVIN W.McCANNA DAVID F.PHILLIPS LARRY P.BURGER DANIEL D.FORBES BARBARA L.CHEVALIER PRESIDENT SR.VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT February 24,2004 Mayor and City Council United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Attention: Ms. Traci Pleckham,Finance Director Re: Coverage Analysis for$3,500,000 General Obligation Bonds(Alternate Revenue Source), Series 2004B Dear Members of the City Council: As you requested, Speer Financial,Inc.has prepared the report attached hereto as Exhibit A. This report is based upon information supplied by the United City of Yorkville(the"City")as to the revenues from the taxes imposed under the Income Tax Act and the revenues produced by the Water and Sewerage System of the City(the"Pledged Revenues"). Based solely upon such information and such assumptions,the report demonstrates the sufficiency of the City's Pledged Revenues to provide an amount not less than 1.25 times debt service of the above-referenced bonds(the"Bonds")as required by the Local Government Debt Reform Act,P.A. 85-1419,as amended(the"Act"). Speer Financial,Inc.is not a legal or accounting firm, and accordingly does not express any legal or accounting interpretations or conclusions in this report. This report is not a guarantee of the sufficiency of the Pledged Revenues to pay debt service on the Bonds. Speer Financial,Inc.hereby certifies that it is a feasibility analyst having a national reputation for expertise in such matters within the meaning of the Act. Speer Financial,Inc. is a nationally recognized fu-m of employee-owned municipal finance consultants. Since our founding in 1954,we have participated in the sale of over$13.0 billion in taxable and tax-exempt securities as general obligation bonds,revenue bonds, refunding bonds,tax increment bonds and special service area bonds. Attached hereto as Exhibit B is a list of the bond issues completed by Speer Financial,Inc. in the calendar year 2003. Sincerely, SPEER FINANCIAL,INC. Kevin W.McCanna President Enclosures Copy to: Kelly K.Kost,Esq.,Chapman and Cutler LLP SUITE 4100•ONE NORTH LASALLE STREET•CHICAGO,ILLINOIS 60602•(312)346-3700•FAX(312)346-8833 SUITE 608.531 COMMERCIAL STREET•WATERLOO,IOWA 50701•(319)291-2077•FAX(319)291-8628 • United City of Yorkville, Kendall County, Illinois R X H ZR T T k-1 $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B **Final** Debt Service Schedule Part 1 of 2 Date Principal Coupon Interest Total P+I Fiscal Total 03/01/2004 - - - - - 06/30/2004 - - 39,877.40 39,877.40 - 12/30/2004 - - 60,318.75 60,318.75 100,196.15 06/30/2005 - - 60,318.75 60,318.75 - 12/30/2005 120,000.00 2,500% 60,318.75 180,318.75 240,637.50 06/30/2006 - 58,818.75 58,818.75 - 12/30/2006 125,000.00 2.500% 58,818.75 183,818.75 242,637.50 06/30/2007 - - 57,256.25 57,256.25 - 12/30/2007 135,000.00 2.500% 57,256.25 192,256.25 249,512.50 06/30/2008 - - 55,568.75 55,568.75 - 12/30/2008 140,000.00 2.750% 55,568.75 195,568.75 251,137.50 06/30/2009 - - 53,643.75 53,643.75 - 12/30/2009 145,000.00 2.750% 53,643.75 198,643.75 252,287.50 06/30/2010 - - 51,650.00 51,650.00 - 12/30/2010 155,000.00 3.000% 51,650.00 206,650.00 258,300.00 06/30/2011 - - 49,325.00 49,325.00 - 12/30/2011 160,000.00 3.000% 49,325.00 209,325.00 258,650.00 06/30/2012 - - 46,925.00 46,925.00 - 12/30/2012 170,000.00 3.000% 46,925.00 216,925.00 263,850.00 06/30/2013 - - 44,375.00 44,375.00 - 12/30/2013 280,000.00 3.500% 44,375.00 324,375.00 368,750.00 06/30/2014 - - 39,475.00 39,475.00 - 12/30/2014 375,000.00 3.500% 39,475.00 414,475.00 453,950.00 06/30/2015 - 32 912.50 32 912.50 - 12/30/2015 __. 395,000.00 3,500% 32,912.50 427,912.50 _—_ 460,825.00 06/30/2016 - - 26,000.00 26,000.00 - 12/30/2016 410,000.00 4.000% 26,000.00 436,000.00 462,000.00 06/30/2017 - - 17,800.00 17,800.00 - 12/30/2017 435,000.00 4.000% 17,800.00 452,800.00 470,600.00 06/30/2018 - - 9,100.00 9,100.00 - 12/30/2018 455,000.00 4.000% 9,100.00 464,100.00 473,200.00 Total $3,500,000.00 - $1,306,533.65 $4,806,533.65 - Series 20048-Bid Check I SINGLE PURPOSE 1 2/242004 I 10:18 AM Speer Financial, Inc. Public Finance Consultants Since 1954 Page 1 • • United City of Yorkville,Kendall County, Illinois $3,500,000 General Obligation Bonds (Alternate Revenue Source), Series 2004B **Final** Debt Service Schedule Part 2 of 2 Yield Statistics Bond Year Dollars $35,936.94 Averpge Life 10.268 Years Average Coupon _ 3.6356281% Net Interest Cost(Nig) 3.6355438% True Interest Cost(TIC) _ _ 3.6147812% Bond Yield for Arbitrage Purposes u _ 3.6148845% All Inclusive Cost(AIC) 3.6147812% IRS Form 8038 Net Interest Cost 3.6356281% Weighted Average Maturity 10.268 Years Series 2004B-Bid Check I SINGLE PURPOSE 2/24/2004 1 10:18 AM Speer Financial, Inc. Public Finance Consultants Since 1954 Page 2 EXHIBIT A-2 United City of Yorkville, Kendall County, Illinois General Obligation Bonds, Series 2004B (Alternate Revenue Source) Debt Service Coverage Calendar Pledged Debt Service Year Revenues(1) Series 2004B Coverage 2004 $ 863,084 $ 100,196 8.61 X 2005 863,084 240,637 3.59 X 2006 863,084 242,637 3.56 X 2007 863,084 249,512 3.46 X 2008 863,083 251,137 3.44 X 2009 863,084 252,287 3.42 X 2010 863,084 258,300 3.34 X 2011 863,084 258,650 3.34 X 2012 863,084 263,850 3.27 X 2013 863,084 368,750 2.34 X 2014 863,084 453,950 1.90 X 2015 863,084 460,825 1.90 X 2016 863,084 462,000 1.87 X 2017 863,084 470,600 1.83 X 2018 863,084 473,200 1.82 X Note: (1) Revenues consist of$402,578 Income Taxes and $460,506 revenues from the Water and Sewerage System as reported in the City's audited financial statements for fiscal year ended April 30, 2003. EXHIBIT A-3 United City of Yorkville, Kendall County, Illinois General Obligation Bonds, Series 2004B (Alternate Revenue Source) Sources of Pledged Revenues Income Taxes $ 460,506 Water and Sewerage System 402,578 Total $ 863,084 Sources of pledged revenues based on the City's audited financial statements for its fiscal year ended April 30, 2003. 7 F EXHIBIT A-4 A EXHIBIT 3 UNITED CITY OF YORKVILLE, ILLINOIS t s GENERAL FUND it SCHEDULE OF REVENUES - BUDGET (BUDGETARY BASIS) AND ACTUAL For the Year Ended April 30, 2003 Variance Favorable " Budget Actual (Unfavorable) REVENUES t Property Taxes Real Estate Taxes S 1,038,757 S 1,036,545 $ (2,212) Personal Property Replacement Taxes 10,800 8,421 (2,379) Township Road & Bridge Taxes 85,000 80,906 (4,094) Total Property Taxes 1,134,557 1,125,872 (8,685) Sates Tax 'm Municipal Sales Taxes 1,375,000 1,520,080 145,080 Income Tax Illinois State Income Taxes 452,416 402,578 (49,838) Utility Tax �< t.: Municipal Utility Taxes 525,000 475,638 (49,362) Other Taxes NICOR Franchise Fees 23,000 22,628 (372) r Photo Processing Sales Taxes 4,828 1,792 (3,036) Use Tax 64,160 54,433 (9,727) Cable TV Franchise Taxes 40,000 24,549 (15,451) Telephone Franchise Taxes 100,000 218,883 118,883 Hotel Taxes 16,500 17,208 708 Reimbursements - Other Governments 19,875 19,000 (875) Reimbursements - Police Protection 1,850 1,838 (12) Total Other Taxes 270,213 360,331 90,118 Licenses Permits & Fees Development Fees - Public Work 335,000 355,544 20,544 Liquor Licenses 18,000 15,105 (2,895) 9 Other Licenses 1,800 1,050 (750) Building Permits 560,000 586,345 26,345 Filing Fees 40,000 36,688 (3,312) Garbage Surcharge 139,302 114,764 (24,538) Collection Fees - YBSD 15,000 15,000 - Sidewalk Construction 1,000 1,671 671 Total Licenses, Permits & Fees 1,110,102 1,126,167 16,065 Fines Traffic Fines 70,000 70,928 928 City Ordinance Fines 4,000 3,275 (725) Total Fines 74,000 74,203 203 f Investment Income Working Cash Interest 2,100 1,864 (236) Investment Income 8,400 9,006 606 '' Total Investment Income 10,500 10,870 370 36 EXHIBIT A-5 r EXHIBIT 24 (CONTINUED) j UNITED CITY OF YORKVILLE, ILLINOIS WATER OPERATING FUND STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS BUDGET (BUDGETARY BASIS) AND ACTUAL For The Year Ended April 30, 2003 Variance Favorable I Budget Actual (Unfavorable) Travel Expenses S 2,000 $ 2,343 $ (343) Publishing/Advertising 1,550 742 808 Printing/Copying 2,500 4,448 (1,948) Subscriptions 250 194 56 Postage/Shipping 10,000 10,874 (874) Telephone 15,500 17,083 (1,583) Cellular Phones 6,000 6,258 (258) JULIE Service 4,500 3,950 550 Contingency 9,250 5,220 4,030 Computer & Software 3,100 - 3,100 Accounting System Review 25,000 25,000 - Total Administration 91,500 90,657 843 Total operating expenses 1,089,498 589,776 499,722 Operating income 191,177 450,146 258,969 NONOPERATING REVENUES (EXPENSES) Investment Income 14,000 10,360 (3,640) Other Revenue 500 - (500) Total Nonoperating revenues (expenses) 14,500 10,360 (4,140) Income before operating transfers 205,677 460,506 254,829 OPERATING TRANSFERS Operating Transfers In - 228,702 228,702 Operating Transfers Out (205,677) (205,677) - Total operating transfers (205,677) 23,025 228,702 Net Income $ - 483,531 $ 483,531 Retained Earnings at beginning of year 1,428,776 Retained Earnings at end of year 5 1,912,307 67 SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last Issuer Rating Size Security of Sale Bidders Low Bid Hitt Bid Maturity 1 Winnetka,IL Aaa 3,190,000 G.O.Ref(Sales Alt.Rev.Source) 7-Jan 9 3.1761% 3.4464% 2014 2 Palos Heights,IL(Public Library) Aaa(lns) 5,000,000 G.O.Library 7-Jan 7 4.0063% 4.1717% 2022 3 Bensenville PD,IL N/R 660,000 Debt Certificates 8-Jan Neg. 4.8727% 2022 4 Northwest Water Commission Aaa/AAA(Ins) 20,970,000 Water Revenue Refunding 8-Jan Neg. 3.1111% 2013 5 Lake County,IL Aaa/AAA(Ins) 2,500,000 Debt Certificates 14-Jan 9 2.0147% 2.2458% 2007 6 Waubonsee CCD#516,IL Aaa/AAA(Ins)/A1/AA- 4,035,000 G.O. . 15-Jan 8 2.5365% 2.8349% 2008 1 7 Waubonsee CCD#516,IL Aaa/AAA(Ins)/A1/AA- 25,957,903 G.O.Capital Appreciation 15-Jan 4 5.0832% 5.1782% 2020 8 Round Lake,IL N/R 12,600,000 SSA#1 Special Tax 15-Jan Neg. 6.7000% 2033 9 Black Hawk County,IA N/R 915,000 Revenue Refunding. 15-Jan 5 3.8000% 5.4900% 2012 10 Monmouth,IL Aaa(Ins) 10,000,000 . G.O. 21-Jan 10 3.6331% 3.7868% 2018 11 Waukegan,IL Aaa(Ins)/A1 9,430,000 Taxable G.O.Ref 21-Jan 9 3.1376% 3.3412% 2007 12 Bensenville,IL Aaa(Ins) 1,122,071 G.O.Capital Appreciation Alt Rev 21-Jan Neg. 5.5106% 2022 13 Bensenville,IL Aaa(Ins) 1,950,000 Waterworks&Sewerage Rev Ref 21-Jan Neg. 3.5330% 2014 14 Elgin 509 Kane PBC,IL AAA(Ins)/AA- 16,525,000 CC facilities Rev Ref. 22-Jan Neg. 3.0540% 2010 15 Elgin,IL Aa2/AA 15,625,000 G.O.Refunding 22-Jan Neg. 3.8700% 2016 16 Wheeling,IL AAAA+ 4,595,000 G.O.Refunding 27-Jan 9 2.2861% 2.4440% 2011 17 Bensenville,IL N/R 1,500,000 Taxable G.O.Debt Certificates 4-Feb Neg. 4.7900% 2008 18 Bensenville,IL N/R 1,000,000:. G.O.Debt Certificates 4-Feb Neg. 3.9400% 2013 19 Elmwood CUSD#322 Aaa(Ins) 790,000 G.O.School 10-Feb 7 2.2702% 2.6194% 2008 20 Elmwood CUSD#322 Aaa(Ins) 2,020,000 G.O.School 10-Feb 3 4.9181% 5.0315% 2016 21 North Aurora,IL AAA(Ins) 1,770,000 G.O.Alt Rev 10-Feb 8 2.9554% 3.1140% 2012 22 St.Charles PD,IL N/R 750,000 G.O.Limited 11-Feb 5 1.2500% 2.0830% 2003 23 Fox Valley PD,IL N/R 2,138,190 G.O.Ltd Tax Park 11-Feb Neg. 1.2000% 2003 24 Kingsbury PD,IL. N/R 210,000 G.O.Park 13-Feb 4 2.1126% 3.7500% 2005 25 Walker,IA N/R 117,000 G.O.Capital Loan 13-Feb Neg. 3.7262% 2012 26 Des Plaines PD,IL N/R 3,820,000 G.O.Refunding 18-Feb 8 1.4787% 2.0123% 2005 27 Dysart,IA N/R 600,000 Electric Revenue Notes 19-Feb 4 3.5040% 4.1126% 2013 28 Decatur PD,IL N/R 460,000 G.O.Airport 19-Feb 7 1.7585% 2.9732% 2006 29 Decatur PD,IL N/R 2,185,000 G.O.Park 19-Feb 9 1.3203% 2.3570% 2004 30 Pecatonica PLD,IL N/R 270,000 Debt Certificates 20-Feb 3 4.5860% 5.1500% 2013 31 River Trails PD,IL ' N/R ' 734,595 G.O.Ltd Tax Park . 20-Feb Neg. 1.4500% 2003 32 Glenbard Township HSD 87, IL N/R 2,995,000 G.O. 24-Feb Neg. 3.8445% 2017 33 Fairfax,IA - N/R 465,000 G.O.Corporate Purpose Notes 25-Feb 4 3.2139% 3.4469% 2013 34 Ottumwa,IA Aaa(Ins) 11,000,000 G.O. 26-Feb 2 3.8696% 4.0578% 2014 35 Northwest Sub Mun JAWA,IL Aaa/AAA(Ins)/Aa3/AA- 46,240,000 Water Supply System Rev Ref 26-Feb 8 3.7325% 3.8723 2015 36 Green Oaks,IL N/R 1,950,000 . Special Service Area No. 10 26-Feb Neg. 5.0248% 2022 37 Moline SD#40,IL A2/Aaa(Ins) 2,000,000 G.O.School 10-Mar 7 3.0760% 3.2144% 2014 38 Harwood Heights,IL A+/AAA(Ins) 3,500,000 G.O. 13-Mar 6 3.4410% 3.6177% 2018 39 Oakbrook Terrace,IL Aaa(Ins) 3,020,000 G.O.Ref 13-Mar Neg. 3.0527% 2016 40 Buffalo Grove,IL Aa1/AA+ 2,600,000 G.O.Corporate Purpose 17-Mar 5 2.9280% 3.1382% 2013 41 Oak Park,IL Aaa/AAA(Ins)/Aa3/AA 4,500,000 G.O.Corporate Purpose 17-Mar 4 4.1814% 4.2629% 2023 42 Mattoon,IL Aaa(Ins) 6,180,000 G.O.Waterworks Ref Alt Rev 18-Mar 5 3.1456% 3.2304% 2015 43 Elkhart CSD,Ind A1/Aa3/Aaa(Ins) 11,155,000 First Mortgage 25-Mar 4 4.5066% 4.6372% 2022 44 Cambridge,IL N/R 1,000,000 G.O.Alternate Revenue Source 31-Mar Neg. 4.7756% 2022 45 Hiawatha,IA N/R 1,980,000 G.O.Capital Loan Notes 2-Apr 6 3.0219% 3.3222% 2013 46 Peotone,IL AAA(Ins) 3,245,000 G.O.Refunding 7-Apr 6 3.5952% 3.8041% 2015 47 La Porte City,IA N/R 600,000 G.O.Capital Loan Notes 8-Apr 7 3.2755% 4.4327% 2013 48 Bensenville,IL N/R 1,500,000 G.O.Debt Certificates 15-Apr Neg. 4.0303% 2012 49 Knox County,IL Aaa(Ins) 7,390,000 G.O.Ref(Sales Alt.Rev.Source) 16-Apr Neg. 3.6562% 2018 50 Lombard,IL N/R 525,000 SSA#2 Unitd Ad Valorem Tax Ref 17-Apr Neg. 3.0840% 2012 SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last Issuer Rating Size Security of Sale Bidders Low Bid High Bid Maturity 51 Galesburg,IL Al/Aaa(Ins) 4,000,000 Taxable G.O. 21-Apr 3 5.2212% 5.8319% 2023 52 Dunkerton,IA N/R 225,000 G.O.Capital Loan Notes 21-Apr 4 3.5646% 3.8048% 2013 53 Cary PD,IL N/R 780,000 G.O.Alternate Revenue Source 21-Apr 3 2.9200% 3.6200% 2013 54 Cary PD,IL N/R 920,000 G.O.Alternate Revenue Source 21-Apr 2 4.3032% 4.8322% 2022 55 Elgin,IL Aaa/AAA(Ins)/Aa2/AA 3,700,000 G.O.Corporate Purpose 23-Apr 6 4.1933% 4.3146% 2022 56 Burr Ridge,IL - Aa2 5,650,000 G.O.Refunding 28-Apr 10 3.1805% 3.3323% 2016 • 57 Dundee Township PD,IL' • .. - - N/R 7,415,000'• G.O.Park Alt Rev - - 29-Apr Neg. 3.8800% 2014 58 Loves Park,IL Aaa(Ins)/A1 3,875,000 G.O.Ref Alt(Waterworks Alt Rev) 5-May 8 3.1450% 3.2255% 2015 59 Palos Hills,IL A 2,210,000 Debt Certificates 5-May 3 3.9267% 4.2420% 2022 - 60 Lineville-Clio CSD,IA N/R 980,000 G.O.School Facility 7-May 2 4.4967% 4.7913% 2023 61 Western Dubuque,IA A 11,000,000 • School Infrastructure/Tax Revenue 12-May 2 3.7460% 3.8070% 2013 62 Warrenville PD,IL N/R 335,000 - G.O.Refunding 15-May 3 1.7867% 2.2000% 2006 63 Warrenville PD,IL N/R :445,000' G.O.Ltd Tax(Capital Appre)Park 15-May ` 2 4.1071% 4.6811% 2017 64 Grundy County,IA N/R 890,000 G.O.Ref Capital Loan Notes 27-May 5 2.1765% 2.6034% 2010 65 Elkhart CSD,Ind N/R 13;700,000' Tax Anticipation Time Warrants 27-May 4 1.1055% 1.4888% 2003 , 66 Waverly-Shell Rock CSD,IA= N/R 2,270,000 G.O.Refunding 28-May 8 2.1063% 2.3156% 2009 67 Wheaton,IL Aal 825,000;` Taxable G.O.Refunding 2-Jun Neg. 2.6879% 2007 68 Wheaton,IL Aal 10,000,000 G.O.Refunding 2-Jun Neg. 2.9610% 2018 69 Hampshire,IL N/R 1,500,000 Debt Certificates 4-Jun Neg. 4.2550% 2020 70 Kane County FPD,IL AAA(Ins)/AA 38;000,000 G.O.Limited Tax 9-Jun 4 3.4771% 3.7008% 2020 71 Waterloo,IA A2 870,000" G.O.Taxable 9-Jun 4 4.7370% 6.2695% 2015 72 Waterloo,IA N/R 385,000' G.O.Capital Loan 9-Jun 2 3.1500% 3.2258% 2004 73 Villa Park,IL Aaa(Ins) 4,140,000 G.O.Refunding 9-Jun Neg. 2.9466% 2015 74 Elgin CCD#509,IL Aaa(Ins)/Aa3 13,000,000 G.O. 10-Jun 4 3.9663% 4.1955% 2022 75 Waterloo,IA Aaa(Ins) 8,825,000 G.O. 10-Jun 8 2.6736% 2.7502% 2018 76 Lake in the Hills,IL Al 925,000 G.O.Limited Tax 12-Jun 3 3.7261% 4.0730% 2023 77 Bensenville,IL N/R 2,500,000 Taxable G.O.Debt Certificates 17-Jun Neg. 4.7796% 2013 78 Crystal Lake PD,IL N/R 590,000 Debt Certificates 19-Jun 4 2.8717% 3.5353% 2012 79 Wauconda,IL N/R 6,280,000. SSA#1 20-Jun Neg. 6.6250% 2033 80 Wheeling,IL AAA/AAA(Ins)/AA/AA 2,250,000 G.O. 23-Jun 6 3.3001% 3.5201% 2018 81 Wheeling,IL AAA/AAA(Ins)/AA/AA 1,155,475 G.O.(Capital Appreciation) 23-Jun 3 4.7039% 4.8184% 2022 82 Granite CUSD#9,IL N/R 5,000,000. Debt Certificates 24-Jun Neg. 4.1301% 2017 83 Yorkville,IL AA(Ins) 4,800,000 Debt Certificates 24-Jun Neg. 4.7938% 2022 84 Chicago Ridge PD,IL N/R 3,405,000 Installment Contract Ltd Tax Ref 25-Jun Neg. 4.0175% 2022 85 Dysart,IA N/R 1,375,000 0.0 25-Jun 3 3.7870% 4.3182% 2023 86 ACCA AAA/AAA(Ins)/AA-/A+ 7,670,000' • Taxable Rev Ref 25-Jun Neg. 3.0406% 2010 87 Peoria County,IL Aaa(Ins)/A2 7,025,000 G.O. 26-Jun Neg. 2.7388% 2012 88 Bensenville Park District,IL N/R 665,000 . Debt Certificates 9-Jul 3 4.7992% 5.0389% 2022 89 Winnebago,IL Al 1,945,000 G.O.Alt Ref 10-Jul 6 2.8504% 4.3690% 2012 90 Minooka,IL N/R 7,495,000. Special Assess Improvement 10-Jul Neg. 6.6250% 2033 91 Hinsdale,IL AAA/AAA 4,000,000 G.O.Alt Rev 15-Jul 10 2.6486% 2.9457% 2013 92 Coulter,IA N/R 70,000 Road Use Tax Rev Notes 16-Jul Neg. 3.3888% 2013 93 Coulter,IA N/R 195,000 G.O.Street Improvement Notes 16-Jul Neg. 2.9889% 2013 94 Round Lake,IL N/R 1,500,000 Debt Certificates 21-Jul Neg. 4.8487% 2021 95 Round Lake,IL N/R 1,250,000 Taxable Debt Certificates 21-Jul Neg. 4.2293% 2009 96 Round Lake,IL N/R 3,000,000 G.O.(Alternate Revenue Source) 21-Jul Neg. 4.0329% 2021 97 Woodbine,IA N/R 1,530,000 G.O.Corporate Purpose Notes 22-Jul 4 3.8985% 4.6281% 2018 98 Peoria,IL Aaa/AAA/Aa3/AA 4,110,000 G.O. 22-Jul 2 4.4519% 4.4908% 2023 99 Woodridge,IL Aaa/AAA(Ins) 3,790,000 G.O.Corporate Purpose Refunding 24-Jul Neg. 3.4927% 2016 100 Woodridge,IL Aaa/AAA(Ins) 4,280,000 Taxable General Obligation Ref. 24-Jul Neg. 4.8510% 2016 ` 9 SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last Issuer Rating Size Security of Sale Bidders Low Bid High Bid Maturity, 101 Dyersville,IA N/R 895,000 G.O.Refunding 28-Jul 7 2.6770% 4.7654% 2010 102 East Moline,IL Aaa/AAA(Ins)/A3 3,600,000 G.O.Utility Tax Alt Rev 4-Aug 4 4.3564% 4.5979% 2023 103 East Moline,IL Aaa/AAA(Ins)/A3 1,400,000 G.O.Tax Incre,Lic.Perm.Alt Rev 4-Aug 4 4.3564% 4.5979% 2023 104 Des Plaines,IL Aaa(Ins)/Aa2• 6,915,000 Taxable G.O. 4-Aug 6 5.1433% 5.4689% 2021 105 Des Plaines,IL Aaa(Ins)/Aa3 7,835,000 G.O. 4-Aug 7 4.0668% 4.1866% 2021 106 Forest Park PD,IL A- 1,500,000 G.O.Park Alt Rev 7-Aug 5 4.5887% 5.1861% 2022 107 Collinsville,IL N/R 1,355,000: . G.O.Refunding 11-Aug 7 2.8611% 3.2430% 2013 108 Collinsville,IL N/R 715,000 G.O.Refunding Alt Rev 11-Aug 7 2:8611% 3.2430% 2013 109 Lake County,IL Aaa/AAA(Ins)/Aa2/AA+ 11;594,225!:.Water&Sewer System Revenue 11-Aug 3 5.3363% 5.3954% 2021 110 Lake County,IL Aaa/AAA(Ins)/Aa2/AA+ 3,405,000 Water"&Sewer System Revenue 11-Aug 6 3.7261% .3.8549% 2012 111 Winnebago County,IL Aaa(Ins)/A1 • 1,340,000 G.O.(State Income Tax Alt Rev) 14-Aug 1 4.2268% 2015 112 Winnebago County,IL Aaa(Ins)/A2 • 900,000 ` G.O.Cty Nursing Hm.Tax Alt Rev 14-Aug 3 - 2.7021% 2.9759% 2008 113 Waukegan,IL. Aaa(Ins)/A1 25;738,655•-G.O. 14-Aug 3. 5.2323%a. 5.3566% 2022 114 Round Lake Park,IL Aaa(Ins) 600,000 G.O.Refunding 19-Aug Neg. .2.7476% 2009 115 Round Lake Park,IL Aaa(Ins) 980,000 G.O.Ref Waterworks Alt Rev 19-Aug Neg. 2.9991% 2010 1 116 Des Plaines,IL. Aa2 • 2,390,000 • G.O.Corp Pupose Refunding 20-Aug 8 2.2190%. 2.4950% • 2008 117 Lombard,IL AA 4,550,000. G.O.Limited Tax Debt`Certificates 21-Aug 7 2.6983% 2.8998% 2010 118 Lena Comm PD,IL N/R .248,000: G.O.Limited Tax Park • 21-Aug 3 2.1000% 3.1800% 2004 119 Lansing BWL,MI Aa3/AA-/Aaa/AAA(Ins):- 29,830,000 Water Supply System Rev Ref 25-Aug 9 4.7971% 4.8787% 2026 120 Peru,IL Aaa(Ins) 980,000 G.O.Library 25-Aug Neg. 3.8091%` 2015 121 Peru,IL ' Aaa(Ins) ' 1,440,000 G.O.Refunding 25-Aug Neg. 3.1732% ' 2011 122 Hawthorne Woods,IL A 2,925,000 ' SSA#1 unitd Ad Valorem Tax 25-Aug Neg. 4.9460% 2022 123 Hawthorne Woods,IL A 2,925,000 SSA#2 unitd Ad Valorem Tax 25-Aug Neg. 4.9460% 2022 124 Hawthorne Woods,IL A 2,925,000 , SSA#3 unitd Ad Valorem Tax 25-Aug Neg. 4.9460% 2022 125 Aurora,IL AAA(Ins)/AA 1,450,000 G.O.Library 26-Aug 3 4.5448% 4.7615% 2022 126 Aurora,IL AAA(Ins)/AA 31,860,000 G.O.Refunding 26-Aug 5 3.7084% 3.8253% 2018 127 Peoria,IL Aa3/AA '5,485,000 G.O. 26-Aug Neg. 3.2268% 2011 128 Independence,IA Aaa(Ins) 5,035,000: Sewer Rev Improvement&Ref 27-Aug 6 4.2051% 4.2935% 2023 129 South Holland,IL Aaa(Ins)/A3 1,500,000 Taxable G.O. 2-Sep 9 4.1226% 4.4500% 2008 130 South Holland,IL Aaa(Ins)/A3 . 2,665,000 G.O.Refunding 2-Sep 10 3.1020% 3.3193% 2011 131 East Moline,IL Aaa/AAA(Ins)/A3 1,310,000 ..G.O.Refunding Alt Rev' 2-Sep Neg. 3.7766% 2015 132 Winnebago County,IL Aaa(Ins)/A1 '= 25,000,000 G.O.(Public Safety Tax Alt Rev) 4-Sep 4 4.8619% 4.9360% 2022 133 Gurnee,IL AA+ 1,775,000 G.O.Refunding 8-Sep Neg. 2.3906% 2007 134 Villa Park,IL A2 1,600,000 Debt Certificates 8-Sep 3 4.4495% 4.7715% 2022 135 Savanna PD,IL N/R 120,000 G.O. 8-Sep 4 1.9800% 3.1500% 2004 136 Yorkville,IL N/R 7,042,750 Special Service Area No.2003-100 8-Sep Neg. 6.8750% 2033 137 Yorkville,IL N/R 6,796,500 Special Service Area No.2003-101 8-Sep Neg. 6.8750% 2033 138 Winfield PD,IL N/R 1,205,000 G.O.Refunding Alt Rev 9-Sep 2 2.7796% 3.9818% 2010 139 Dyersville,IA N/R 600,000 G.O.Corp Purpose Loan Notes 15-Sep 5 3.6174% 4.2693% 2014 140 Kankakee Valley PD,IL N/R 1,815,000 Debt Certificates 15-Sep 2 4.0890% 4.1162% 2015 141 Franklin Park,IL N/R 650,250 G.O. 15-Sep 1 3.9587% 2012 142 Geneva PD,IL AAA(Ins) 8,440,000 G.O.Refunding Alt Rev 15-Sep 8 3.1819% 3.2831% 2016 143 Orland Park,IL Aa3/AA 14,570,000 G.O.Refunding 16-Sep Neg. 4.1295% 2019 144 Glen Ellyn PD,IL N/R 850,000 G.O.Limited Tax Park 16-Sep 3 2.8432% 3.4280% 2009 145 Mattoon,IL N/R 1,550,000 Taxable G.O.Alt.Rev 16-Sep 4 4.5419% 4.9204% 2013 146 Robins,IA N/R 820,000 G.O.Corporate Notes 17-Sep 5 3.5067% 3.9700% 2014 147 Crystal Lake PD,IL N/R 392,490 G.O.Limited Tax Park 18-Sep 3 1.6000% 2.4610% 2004 148 Winfield,IL Aaa(Ins)/A1 6,500,000 G.O.Alt Rev 18-Sep 9 4.1394% 4.2633% 2025 149 Glendale Heights,IL Aaa(Ins) 9,995,000 G.O.Refunding 18-Sep 8 2.6295% 2.7613% 2012 150 Minooka,IL N/R 5,910,000 Special Assessment Improvement 19-Sep Neg. 6.8750% 2033 SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last issuer Rating Size Security of Sale Bidders Low Bid High Bid Maturity 151 Des Plaines,IL Aa3 4,545,000 Taxable G.O.Corp Purpose 19-Sep Neg. 4.3592% 2011 152 Western Springs,IL Aaa(Ins)/Aa3 4,000,000 G.O.Utility Tax Alt Rev 22-Sep 6 3.4655% 3.6232% 2017 153 Western Springs,IL Aa3 640,000 G.O.Ref.Alt Rev 22-Sep 2 2.6367% 2.8593% 2010 154 Western Springs,IL Aa3 430,000 Taxable G.O.Ref Alt Rev 22-Sep 2 4.0283% 4.2097% 2010 155 Western Springs,IL Aaa(Ins)/Aa3 2,000,000 WW&Sewerage Alt Rev 22-Sep 4 3.9395% 4.1153% 2020 156 Western Springs,IL Aaa(Ins)/Aa3 2,285,000 G.O.Ref(WW&Sewerage Alt Rev; 22-Sep 4 3.1722% 3.3404% 2014 157 Elmhurst,IL N/R 10,000,000 G.O.Refunding 22-Sep Neg. 3.9652% 2019 158 Tripoli,IA N/R 755,000 Care Facility Revenue 22-Sep Neg. 4.2500% 2013 159 Mt.Prospect PD,IL N/R 2,500,000 G.O.Limited Tax Park 24-Sep 3 1.8226% 1.9636% 2006 160 Mt.Prospect PD,IL N/R 3,800,000 Debt Certificates 24-Sep 3 3.8388% 4.3885% 2015 161 Elkhart CSD,Ind N/R 32,765,000 First Mortgage Refunding 26-Sep Neg. 3.7185% 2015 162 Charleston,IL Aaa(Ins) 9,155,000 G.O.WW&Sewerage 30-Sep 9 3.7909% 3.8898% 2022 163 Round Lake,IL N/R 3,570,000 Special Service Area#3 30-Sep Neg. 164 Round Lake,IL N/R 5,040,000 Special Service Area#4 30-Sep Neg. 165 Boone,IA AAA(Ins) 2,400,000 G.O.Capital Loan Notes 30-Sep 7 3.3963% 4.3965% 2016 166 Cary,IL 1,605,000 Waterworks&Sewerage Rev Ref 1-Oct Neg. 3.3665% 2015 I 167 Homewood Flossmoor PD,IL N/R 887,900 G.O.Limited Tax Park 7-Oct 4 1.5000%. 2.4807% 2004 168 Pekin PD,IL N/R 487,000 G.O.Limited Tax Park 8-Oct 3 2.0259% 2.4693% 2005 169 Central City,IA N/R 950,000 G.O.Street Improvement Notes 8-Oct 4 3.2993% 3.6083% 2014 170 Vinton,IA N/R 1,390,000 G.O.Corporate Purpose Notes 9-Oct 4 3.6309% 4.6829% 2018 171 Clinton,IA N/R 630,000 G.O.Essential Corp Purpose Tax 14-Oct 7 4.2324% 5.8474% 2013 172 Clinton,IA Al 2,800,000 G.O. 14-Oct 7 3.4802% 3.6969% 2015 173 Tinley Park PD,IL N/R 621,335 G.O.Limited Tax Park 15-Oct 3 1.7500% 2.0586% 2004 174 Tinley Park PD,IL N/R 77,100 Taxable G.O.Limited Tax Park 15-Oct 2 2.9000% 3.5000% 2004 175 Forest Park PD,IL N/R 512,000 G.O. 16-Oct Neg. 1.6970% 2006 176 Round Lake,IL A- 4,250,000 Debt Certificates 20-Oct Neg. 5.1401% 2022 177 Sycamore PD,IL N/R 484,030 G.O.Limited Tax Park 21-Oct 5 1.3500% 2.1109% 2004 178 Batavia PD,IL AAA/A 3,700,000 G.O.Ref Park(Alt Rev) 21-Oct 8 3.1658% 3.3883% 2014 179 Bensenville,IL Aaa(Ins) 200,000 G.O.Ref 21-Oct Neg. 3.0890% 2008 180 Bensenville,IL Aaa(Ins) 2,200,000 G.O.(WW&Sewerage Alt Rev) 21-Oct Neg. 4.8827% 2021 181 Bensenville,IL Aaa(Ins) 1,000,000 G.O.Debt Certificates 21-Oct Neg. 4.9117% 2022 182 Schaumburg SD 54,IL N/R 50,435,000 G.O.Ref School 21-Oct Neg. 2.4832% 2009 183 Dixon USD#170,IL Aaa/AAA(Ins)/A3/A 2,510,000 G.O.Ref 22-Oct 8 3.4917% 3.6192% 2014 184 Chicago Ridge PD,IL N/R 298,600 G.O.Ltd Tax Park 22-Oct 2 1.7000% 2.0800% 2004 185 Oak Forest PD,IL N/R 775,000 G.O.Ltd Tax Park 23-Oct 3 1.5994% 2.0655% 2005 186 Lake County,IL Aaa/AAA(Ins)/Aa2/AA+ 20,790,000 Water Sewer System Rev Ref 27-Oct Neg. 5.5000% 2011 187 Prospect Heights PD,IL N/R 501,660 G.O.Ltd Tax Park 28-Oct 2 1.7000% 2.0817% 2004 188 Westchester PD,IL N/R 470,595 G.O.Ltd Tax Park 3-Nov Neg. 1.5000% 2004 189 Riverside,IL Aaa(Ins) 2,500,000 WW&Sewerage Alt Rev 3-Nov 5 4.3808% 4.4376% 2023 190 Matteson,IL Aaa(Ins)/A1 4,345,000 G.O.Ref(Alt Rev) 3-Nov 9 3.4082% 3.5478% 2015 191 Freeport PD,IL N/R 825,000 G.O.Ltd Tax Park 4-Nov 5 1.9238% 2.8700% 2004 192 Rock Falls,IL N/R 700,000 G.O.Taxable 4-Nov Neg. 4.9550% 2012 193 Sumner Comm Hosp, IA N/R 450,000 Hospital Rev 4-Nov Neg. 4.0000% 2015 194 Dundee Township PD, IL N/R 1,670,500 G.O.Ltd Tax Park 5-Nov 3 1.4340% 2.5090% 2004 195 Hampshire,IL N/R 865,000 G.O.Ref Alt Rev 6-Nov Neg. 4.0084% 2015 196 Prospect Heights PD,IL N/R 845,511 G.O.Ref CAB(Alt Rev) 11-Nov Neg. 4.0278% 2014 197 Bensenville PD,IL N/R 500,000 G.O.Ltd Tax Park 12-Nov 2 2.1609% 2.8466% 2006 198 Urbana,IA N/R 910,000 G.O.Corp Purpose Loan Notes 12-Nov 4 4.1160% 4.2904% 2019 199 Hanover Park PD,IL N/R 754,020 G.O.Ltd Tax Park 17-Nov 2 1.7000% 2.5639% 2004 200 Rochester CUSD#3A,IL Aaa(Ins) 8,000,000 G.O.School Building 17-Nov 3 3.6384% 3.7445% 2016 d SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last Issuer Rating Size Securityof Sale Bidders Low Bid High Bid Maturity 201 Oak Park,IL Aa3/AA 1,925,000 G.O.Corp Purpose Ref 17-Nov 5 2.2080% 2.5495% 2009 202 Batavia PD,IL N/R 800,000 G.O.Ltd Tax 18-Nov 2 1.9524% 1.9960% 2006 203 Joliet,IL AAA(Ins)/A+ 10,000,000 Waterworks&Sewerage Rev 18-Nov 5 3.9756% 4.3639% 2019 204 Parkersburg,IA N/R 350,000 G.O.Corp Purpose Loan Notes 18-Nov 2 3.0225% 3.7412% 2014 205 Hawthorne PD,IL N/R 163,000 G.O.Park 20-Nov 3 2.0759% 2.7687% 2005 206 Cary PD, IL N/R 615,300 G.O.Ltd Tax Park 20-Nov 3 1.2000% 2.0643% 2004 207 St.Charles CUSD#303,IL Al 850,000 G.O.Refunding 24-Nov 4 2.1177% 2.3942% 2008 208 Bartlett PD,IL N/R 559,500 G.O.Ltd Tax Park 25-Nov 4 2.2078% 2.9500% 2006 209 Minooka,IL AAA(Ins)/A- 5,100,000 G.O.Alt Rev 25-Nov 5 4.1663% 4.2424% 2023 210 Batavia CUSD 101, IL Aaa(Ins) 4,200,000 G.O.Ref 25-Nov 4 3.1542% 3.3979% 2012 211 Hawthorn Woods 610,000 SSA#1 Special Tax 26-Nov Neg. 4.4032% 2004 212 Hawthorn Woods 610,000 SSA#2 Special Tax 27-Nov Neg. 4.4032% 2004 213 Hawthorn Woods 610,000 SSA#3 Special Tax 28-Nov Neg. 4.4032% 2004 214 Bloomingdale PD,IL N/R 203,805 G.O.Ltd Tax Park 1-Dec Neg. 1.6000% 2004 215 Homewood Flossmoor PD,IL A+ 3,500,000 G.O.Park Alt Rev 2-Dec 2 4.1865% 4.5176% 2023 216 Virden Sanitary District,IL N/R 800,000 Sewerage Ref Rev 2-Dec Neg. 2010 217 Hanover Park PD,IL Aaa(Ins) 6,050,000 G.O.Park Alt Rev 8-Dec 2 4.1516% 4.2683% 2022 218 Highland Park Aaa 9,000,000 G.O. 8-Dec 8 3.1900% 3.2773% 2015 219 Elgin CCD#509,IL Aa3/AA 8,000,000 G.O. 9-Dec 5 1.8490% 2.2861% 2006 220 Elkhart CSD,Ind N/R 8,500,000 Tax Anticipation Time Warrants A 9-Dec 5 1.2994% 3.2300% 2004 221 Elkhart CSD,Ind N/R 9,000,000 Tax Anticipation Time Warrants B 9-Dec 5 1.2850% 3.2300% 2004 222 Arlington Heights,IL AAA(Ins)/Aa2 2,600,000 G.O.Refunding 15-Dec Neg. 3.4874% 2016 223 Arlington Heights,IL AAA(Ins)/Aa2 3,330,000 G.O.Refunding 15-Dec Neg. 3.5196% 2016 224 Arlington Heights,IL Aa2 2,765,000 G.O.Refunding 15-Dec Neg. 1.1907% 2005 225 Itasca PD,IL N/R 398,865 G.O.Ltd.Tax Park 15-Dec Neg. 1.2000% 2004 226 St.Charles PD, IL N/R 1,302,490 0.0 Ltd.Tax Park 16-Dec 4 1.3750% 2.5000% 2004 227 Matteson,IL Al 2,250,000 G.O.Utility Tax Alt Rev 29-Dec Neg. 4.2850% 2023 Totals The above listing is a full and complete record of Speer Financial's sales of municipal securities for the time period shown. Percentages Note: All interest rates are Net Interest Cost(NIC)except where True Interest Cost(TIC)is specified. THSD=Township High School District Ref.=Refunding PBC=Public Building Commission ICC=Installment Contract Certificates Moody's Rating Code: High to Low SD=School District (Alt.)=G.O.(Alternate Revenue Source)Bonds Grades: Aaa,Aa,A,Baa PD=Park District (Ins.)=Insured Within Each Non-Aaa Grade: 1,2,3 CCD=Community College District DC=Debt Certificates FPD=Forest Preserve District N/R=Not Rated CUSD=Community Unit School District Number Par Type of Sale of Issues % Amount %o Number of Bidders Negotiated 79 34.80% 369,962,632 35.99% Competitive 148 65.20% 657,908,683 64.01% 710 Bidders Total Bond Sales To Date In 2003 227 100.00% 1,027,871,314 100.00% 4.8 Average FOR PRIOR YEAR 2002: Number Par SPEER FINANCIAL, INC. 2/9/2004 CLIENT SALES OF SECURITIES 2003 EXHIBIT B Investment Issue Type of Date #of Net Interest Rate Last Issuer Rating Size Security of Sale Bidders Low Bid High Bid Maturity Type of Sale of Issues %o _ Amount % Number of Bidders Negotiated 83 38.50% 644,329,624 47.41% Competitive 131 61.50% 713,400,212 52.59% 662 Bidders Total Bond Sales In Calendar Year 2002 214 100.00% 1,357,729,836 100.00% 5.1 Average