City Council Minutes 2002 12-10-02 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE UNITED
CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, HELD IN THE CITY
COUNCIL CHAMBERS. 800 GAME FARM ROAD. ON TUESDAY. DECEMBER 10.
2002.
Mayor Prochaska called the meeting to order at 7:00 p.m. and led the Council in the Pledge of
Allegiance.
ROLL CALL
Clerk Milschewski called the roll.
Ward I James Present
Sticka Present
Ward II Burd Present
Kot Present
Ward III Anderson Present
Munns Absent
Ward IV Besco Present
Spears Present
OUORUM
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 THE AGENDA
Mayor Prochaska noted that the presentation for State Representative Tom Cross was going to be
postponed as Representative Cross was unable to attend.
COMMITTEE MEETING DATES
Public Works Committee 6:30 P.M., Monday, December 23, 2002
City of Yorkville Conference Room
800 Game Farm Road
Economic Development Committee 7:00 P.M., Thursday, December 19, 2002
City of Yorkville Conference Room
800 Game Farm Road
Administration Committee 6:30 P.M., Thursday, December 12, 2002
City of Yorkville Conference Room
800 Game Farm Road
Public Safety Committee 6:30 P.M., Wednesday, December 18, 2002
City of Yorkville Conference Room
800 Game Farm Road
PRESENTATION
Speer Financial
Mayor Prochaska turned the floor over to Barbara Chevalier, Vice President of Speer Financial,
for a presentation on the refinancing of City Hall. Ms. Chevalier distributed a letter dated
December 10, 2002 (see attached) regarding a bid from Bernardi Securities, Inc. for the purchase
of Refunding Debt Certificates, Series 2002A being sold by the United City of Yorkville. The
certificates were issued in 1990 and were based on a balloon plan. Bernardi has offered to
purchase the Debt Certificates at a net interest cost of 4.8879% which is very favorable. Speer
Financial recommends the bonds be awarded to them. Also attached to the letter is the debt
service schedule. Ms. Chevalier asked if the Council had any questions.
Alderman Sticka asked what the difference was between a debt certificate and a bond. Ms.
Chevalier explained that for a community to issue bonds there has to be a referendum but this is
not necessary with debt certificates. Also, debt certificates do not require a specific stream of
revenue to be identified but do count against the City's borrowing ability.
Mr. Graff asked when the original debt certificates balloon payment was scheduled and Ms.
Chevalier stated that this was due in 2005. Mr. Graff noted that the rates are locked in for the
term of the certificates.
The Minutes of the Regular Meeting of the Citv Council - December 10, 2002 - uage 2
Mayor Prochaska commented that interest rates are favorable so this is an opportune time to
move forward. The payments for the new debt certificates are only slightly higher. Ms.
Chevalier stated that the payments are about $100,000.00 /year.
There were no further questions or comments.
CITIZEN COMMENTS
None.
PUBLIC HEARINGS
Wetland Protection Ordinance
Mayor Prochaska entertained a motion to go into public hearing for the Wetland Protection
Ordinance. So moved by Alderman Sticka; seconded by Alderman Anderson.
Motion approved by a roll call vote. Ayes -7 Nays -0
Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye
City Attorney Kramer explained that there was a United States Supreme Court decision that
stated that the Army Corp of Engineers does not have jurisdiction over certain wetland areas such
as those not connected to navigable streams, migratory bird paths, etc. In the Yorkville area are
such wetlands which may need to be preserved. This ordinance will establish a uniform policy
and standards for these situations. Attorney Kramer turned the floor over to Becca Cerf of
Conservation Design Forum (CDF) for further information.
Ms. Cerf addressed the Council and distributed an outline for the ordinance. She discussed that
the draft ordinance was developed by using the best of the language from four other ordinances in
effect in Kane, Lake and DuPage Counties as well as the state of Michigan. CDF also tried to be
respectful of developers while drafting the ordinance. The standards for the protection of the
wetlands include buffer requirements, wetland hydrology protection, detention in wetlands,
discharge into the wetlands and the protection of all preserved wetlands. She stated that the
ordinance would require baseline data on all wetland areas and after development occurs the
periodic re- evaluation of the areas. There will also be language regarding wetland quality; i.e.
roadside ditches versus high quality wetlands and will also include the standard requirements for
_. a wetland permit.
The floor was open to public comments or questions.
i
Richard Guerard with Wyndham Deerpoint Homes stated that he had a number of comments for
the Council but he felt it would be more appropriate to address them in a letter form. He asked
the Council to approach the ordinance as if they were willing to apply the regulations in it to the
City itself. He stated that with this in mind, they will see how onerous and expensive the
ordinance can be. He felt that a swale, ditch or anything like it that is man made should never be
considered wetland. He also asked for flexibility with the width of buffers.
There was no further public comments so the floor was opened to the Council.
i
Alderman Sticka asked if someone has already built a structure in an area that is considered a
buffer area would this be a violation. Ms. Cerf stated that the ordinance would not affect
anything currently in place but anything developed after the ordinance's effective date. He asked
if the types of plants helped to designates the quality of wetlands. Ms. Cerf stated that sediments
and nutrients in a wetland change the type of vegetation growing in them. Alderman Sticka
pointed out that Purple Loosestrife is found growing around attractive wetlands areas. He asked
that since this plant is not deemed "valuable" would its presence indicate that the wetland does
not need as much protection as one without the plant. Ms. Cerf indicated that Purple Loosestrife
is evasive, has no natural insect to control it, is not a native plant and wetlands with this plant
loose their value in terms of function. However, this plant can be useful in detention areas which
are a lower quality wetland area.
Mayor Prochaska noted that page 9, #8 of the ordinance refers to the use of buffer areas as
passive recreation areas. He asked Attorney Kramer if this would conflict with the Land Cash
Ordinance. Attorney Kramer did not feel it necessarily conflicted with it. He noted that CDF
was involved in the restoration and creation of a wetland area in the Deerpath Creek development
in Oswego. The Park District did take this as part of their land cash contribution because they
wanted the area preserved. Mayor Prochaska clarified that a buffer area could be offset by credit
towards land cash if it is designed correctly and Attorney Kramer stated that this was correct.
II
The Minutes of the Reeular MeetinLy of the Citv Council - December 10. 2002 - page 3
Alderman Sticka asked if the ordinance addressed any existing situations where a wetland area is
being polluted. Ms. Cerf stated that this falls under the Environmental Protection Agency's
(EPA) jurisdiction and needs to be reported to them. Alderman Sticka stated that the ordinance
was named the United City of Yorkville Wetland Protection Ordinance and he felt it should
protect existing wetlands. Attorney Kramer explained that the intent is to protect wetlands from
the design stage. Alderman Sticka pointed out Section 1.3 of the ordinance and stated that it does
not mention the fact that the ordinance is just for new development. He felt the purpose of the
ordinance should be clarified.
Mayor Prochaska asked if an existing structure that is grand fathered into a wetland area is
destroyed for whatever reason could it be rebuilt. Attorney Kramer noted that language was
taken from the Kane County ordinance which is very restrictive and protects non jurisdictional
wetlands. They put some savings provisions in to address circumstances such as this. The
structure could be rebuilt within the original footprint but if it is changed or expanded the new
ordinance would apply.
Mr. Graff made a clarification that notices regarding this public hearing were sent out to current
developments that will be going before the Plan Commission. He asked in the event written
comments are received how they should be handled. Mayor Prochaska stated that any comments
should be copied to the Council as they are received. Mr. Graff asked Alderman Sticka how he
would like the purpose of the ordinance clarified and Alderman Sticka stated that the first item
under the purpose of the ordinance should be that this addresses new development and does not
pertain to existing wetlands.
i
Alderman James asked if the ordinance was going back to committee and it was decided to send
it back to the Public Works Committee in January for their recommendation of the revised draft.
There were no further comments or discussions.
Mayor Prochaska entertained a motion to close the public hearing for the Wetland Protection
Ordinance. So moved by Alderman Kot; seconded by Alderman James.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
Park and Open Space Developers Policy
Mayor Prochaska entertained a motion to go into public hearing for the Park and Open Space
Developers Policy. So moved by Alderwoman Burd; seconded by Alderman Anderson.
Motion approved by a roll call vote. Ayes -7 Nays -0
Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye
Park and Recreation Director Laura Brown addressed the Council and explained that a policy has
been developed as a guideline for accepting park land from developers. The first section is
definitions of terms. The second is for accepting land /cash donations and lists the variables
depending on the development, land situation, etc. The third section clarifies the minimum
acceptable standards for the donations the Park Board will accept. This section also provides for
resident input for park sites.
The floor was opened for public comments for questions.
Richard Guerard of Wyndham Deerpoint Homes asked the Park Board to consider dry
ponds /detention areas that are under drained and graded properly for recreational areas and give
the developer partial credit towards land cash. He commented that the four bedroom minimum
for single- family homes used to calculate total population should be reconsidered. He felt that
three bedroom homes had less impact on the schools and parks. He also commented that he like
the idea of trail standards but suggested the there should be more flexibility them.
Mayor Prochaska noted that it had been discussed to use a percentage based on an average when
calculating total population. Mr. Graff stated that an analysis was done and it was noticed that
the average of four bedroom homes is well over 50 %. He also stated that other communities
have a 75/25 mix, 75% four bedrooms and 25% three bedrooms and this could be something to
consider. Attorney Kramer agreed that it is more common to have the split.
There were no further public comments or questions.
i
Mayor Prochaska stated that Mr. Guerard's comment regarding detention areas was a good
comment and something to consider.
The Minutes of the Re ular Meeting of the City Council December 10, 2002, 2002 - pale 4
S i
Park Board member Ken Koch commented that it will be good to have a policy in place for future
dealings with developers.
Mr. Graff noted that City Planner Mike Schoppe and some developers are putting comments
together which he will make available to everyone when he receives them. Mayor Prochaska
suggested that the Park Board review the comments and see if they need to adjust the policy. The
City Council agreed.
Alderman James suggested that the policy be change to notate the Land/Cash Ordinance 1996 -03
without the verbiage.
There were no further comments or discussions.
Mayor Prochaska entertained a motion to close the public hearing for the Park and Open Space
Developers Policy. So moved by Alderman Anderson; seconded by Alderwoman Burd.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
2002 Tax Lew
Mayor Prochaska entertained a motion to open the public hearing for the 2002 Tax Levy. So
moved by Alderman Anderson; seconded by Alderwoman Burd.
Motion approved by a roll call vote. Ayes -7 Nays -0
- - - - ticka -a
Anderson -aye, Besco aye, Burd -aye, James aye, Kot aye, Spears aye, e S y
Attorney Kramer stated that this is the time to extend the amount of tax revenues received in the
previous year. If there is an increase from last years extension higher than 5% there needs to be a
truth in taxation hearing. The City is over the 5% in terms of the actual dollars received from real
estates taxes. However, due to the growth of the area, the Equalized Assessed Valuation (EAV)
has grown so the actual tax rate for the city has declined.
Mayor Prochaska noted that the dollar amount that the City is looking to extend is $1,476,592.00
which represents a 17.6% increase over the previous year ($1,255,485.21). He stated that the
expected EAV is $161,800,530.00 for an increase of 19.67 %. The policy has been to take the
increase and work backwards to try and keep the City portion of the real estates taxes from
increasing.
The floor was opened for public comments or questions. There were none.
The floor was opened for Council comments or questions. There were none.
The Mayor noted that the ordinance will come before the Council for a vote and the next City
Council meeting on December 17, 2002.
Mayor Prochaska entertained a motion to close the public hearing for the 2002 Tax Levy. So
moved by Alderman Anderson; seconded by Alderwoman Spears.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
PLANNING COMMISSION /ZONING BOARD OF APPEAL /SIGN REVIEW BOARD,
No report.
i
MINUTES FOR APPROVAL
A motion was ma&by Alderman Anderson to approve the minutes of the City Council meeting
from November 26, 2002: seconded by Alderman James.
Motion approved by a viva voce vote.
A motion was made by Alderman Anderson to approve the minutes of the Committee of the
Whole meeting from October 15, 2002: seconded by Alderwoman Burd.
I
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
Vendor Invoice Register #226 dated December 6, 2002. Checks in the amount of $454,117.78
The Minutes of the Regular Meeting of the Citv Council - December 10, 2002, 2002 - page 5
(vendor), $98,040.54(payroll period ending 11/16/02), for a total of $552,158.32: seconded by
Alderwoman Burd.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
REPORTS
ATTORNEY'S REPORT
Attorney Kramer noted that the closing on the CorLands property along the river would be
December 18, 2002.
MAYOR'S REPORT
Christmas Walk Downtown
Mayor Prochaska reported that the City would have its annual Christmas Walk on December 13,
2002. The Christmas tree will be lit at 6:00 P.M. on the corner of Hydraulic and Bridge Streets.
House Walk and Christmas Walk at Countryside Center
Mayor Prochaska reported that on Saturday, December 14, 2002 Countryside Center will be
having its Christmas Walk and the Yorkville Juniors Women's Club will also have a Christmas
House Walk.
Park Board, Fagade Committee and Human Resource Committee Openings
Mayor Prochaska reported that he has received a letter of resignation from Bill Wedge on the
Park Board and there are now two openings on the Board. Also there are openings on the Fagade
Committee and the Human Resource Committee. Anyone interested in serving on these
committees should contact him.
Letter of Thanks
Mayor Prochaska read a letter of thanks sent to the City from Mr. Brook McDonald of the
Conservation Foundation regarding its support of the Kendall County Forest Preserve District
Referendum.
i
CITY CLERK'S REPORT
- No report.
CITY TREASURER'S REPORT
City Treasurer Allen requested a motion to accept the October 2002 Treasurer Report as
presented. So moved by Alderman Anderson; seconded by Alderman James.
Motion approved by a roll call vote. Ayes -7 Nays -0
Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye
I
Treasurer Allen expressed his concern regarding what he could present in the City Treasurer
report. He stated that when someone has something to say that the Mayor wants to hear he is
willing to listen to them however because he is not willing to say everything the Mayor wants to
hear, he is not able to speak freely. He felt that it was not appropriate for the Mayor to constrain
his statements concerning things not on the agenda. The Mayor noted that when Mr. Allen gives
his Treasurer's Report it is accepted.
CITY ADMINISTRATOR'S REPORT
No report.
FINANCE DIRECTOR'S REPORT
No report.
DIRECTOR OF PUBLIC WORKS REPORT
-- Director Eric Dhuse reported that the was a water main break in front of the Middle School
earlier in the day but it has been repaired.
CHIEF OF POLICE REPORT
Chief Martin reported that there was a break in a wire which controls the railroad crossing on
Route 47 during the night but it was fixed by around 9:30 this morning.
DIRECTOR OF PARKS & RECREATION
Director Laura Brown reported that there will be Christmas caroling in Town Square Park on
December 20, 2002 at 7:00 P.M.
i
i
I
The Minutes of the Regular Meeting of the Citv Council - December 10. 2002.2002 - page 6
COMMUNITY & LIAISON REPORT
Park Board Meeting
Alderman James reported that at the Park Board meeting on December 4, 2002 there was a
presentation by Burbach Aquatics. It was determined that a 12,000 square foot pool would be
needed in the next three to five years. In another ten to fifteen years, a 30, 000 square foot pool
would be needed. It was suggested to have a 15,000 square foot pool on each side of town. They
also identified that six to seven acres would be needed. They presented different options and the
- cost for them. Ms. Brown added that Burbach will be presenting another draft which will include
operation costs along with construction costs in January. The Board will then have a full
document with a comparison analysis, design concept and costs.
Library Board Meeting
Alderman Sticka reported that the Library Board has received preliminary information from the
architect showing potential layouts for the new library. The architects are hoping to make a
presentation to the City Council in February.
COMMITTEE REPORTS
PUBLIC WORKS COMMITTEE REPORT
Grande Reserve - Metro Traffic Studv Contract
A motion was made by Alderman Kot to approve the agreement between Metro Transportation
Group, Inc. and the United City of Yorkville for the traffic engineering services for Grande
Reserve and authorize the City Engineer to sign the agreement. (Note: This study is funded by the
developer MPI); seconded by Alderman Sticka.
Alderman Kot stated that Metro has indicated that they can do more counts at an additional cost
and he asked if the additional cost would be paid for by the developer. Mr. Graff stated that MPI
is committed to pay for all the necessary needs and/or request of the City and they will put up a
deposit to cover the fees..
Motion approved by a roll call vote. Ayes -7 Nays -0
Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye
Revised Route Schedule - Waste Management
A motion was made by Alderman Kot to approve the revised route schedule from Waste
Management for garbage pickup beginning in March 2003; seconded by Alderman Sticka.
i
Alderman Kot commented that Waste Management sent a letter giving a specific date of March 4,
2003 for the new service pickup. Waste Management is committed to doing all the promotion
and advertising in an effort to notify residents of the change.
�
Motion approved by a roll call vote. Ayes -7 Nays -0
Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye
Eastern Fox River Crossing Studv
A motion was made by Alderman Kot to approve the agreement with Smith Engineering
Consultants, Inc. for a feasibility study for the eastern Fox River crossing not to exceed
$26,250.00 and to authorize the City Engineer to sign the agreement; seconded by Alderman
Sticka.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
Water Reports
A motion was made by Alderman Kot to accept the September and October 2002 Water Reports
as presented; seconded by Alderman James.
Motion approved by a viva voce vote.
2002 Snow Plan
A motion was made by Alderman Kot to approve the 2002 Snow Plan as presented by the Public
Works Director; seconded by Alderman Anderson.
I
Alderman Kot commented that the plan was expanded to include any new streets brought into the
City.
I
Motion approved by a roll call vote. Ayes -7 Nays -0
James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye
I
The Minutes of the Regular Meeting of the Citv Council - December 10.2002.2002 —Wage 7
Cannonball Estates Phase I and 11- Letter of Credit Reduction
A motion was made by Alderman Kot to approve the Letter of Credit #3 Reduction for Phase I
and Phase II of Cannonball Estates as recommended by the City Engineer; seconded by Alderman
James.
Motion approved by a roll call vote. Ayes -7 Nays -0
Kot -aye, Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye
Slddsteer & Snow Blower Bid
A motion was made by Alderman Kot to approve the purchase of a skidsteer and snow blower
from Atlas Bobcat in the amount of $15,022.20; seconded by Alderman Sticka.
Motion approved by a roll call vote. Ayes -7 Nays -0
Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye
ECONOMIC DEVELOPMENT COMMITTEE REPORT
(Ordinance) 2002 -51 and 2002 -52 The Highlands Annexation Agreement
A motion was made by Alderman Sticka to approve an ordinance for the annexation and
residential planned unit development zoning for the property commonly known as the Wehrli
parcel approximately 134 acres and to approve an ordinance authorizing the amendment to
annexation agreement, annexation agreement and planned unit development agreement known as
The Highlands Subdivision between the United City of Yorkville and Wyndham Deerpoint
Homes, an Illinois partnership Creek Partners, L.L.C. an Illinois liability company; seconded by
Alderman Besco.
Motion approved by a roll call vote. Ayes -7 Nays -0
Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye
I
Execution of Fox Highland Agreement
A motion was made by Alderman Sticka to approve the Mayor and City Clerk to execute the
amendment to annexation agreement, annexation agreement and planned unit development
agreement known as The Highlands Subdivision between the United City of Yorkville and
Wyndham Deerpoint Homes, an Illinois partnership Creek Partners, L.L.C. an Illinois liability
company and to authorize the Mayor and City Clerk to sign the agreement; seconded by
Alderman Anderson.
i
Motion approved by a roll call vote. Ayes -8 Nays -0
Anderson -aye, Besco -aye, Burd -aye, James -aye,
Kot -aye, Spears -aye, Sticka -aye, Prochaska -aye
PC 2003 -23 Fox River Bluffs: 1% Mile Review
A motion was made by Alderman Sticka to recommend to Kendall County approval of PC 2002-
23 Fox River Bluffs residential subdivision with the following recommendation to comply with
our subdivision control ordinance standards pertaining to the estate zoning classification;
seconded by Alderman Anderson.
Motion approved by a roll call vote. Ayes -7 Nays -0
Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye, Anderson -aye
Building Reports
A motion was made by Alderman Sticka to accept the September 2002 Building Permit Report;
seconded by Alderman Anderson.
I
-- Motion approved by a viva voce vote.
PUBLIC SAFETY COMMITTEE REPORT
Monthly Police Reports
A motion was made by Alderman Anderson to accept the October 2002 Monthly Police Reports;
seconded by Alderwoman Spears.
Motion approved by a viva voce
Request to Add Additional Sergeant's Position
A motion was made by Alderman Anderson to approve the request by the Chief of Police to add
an additional Sergeant's position; seconded by Alderman James.
Alderman Anderson noted that this would be effective after January 1, 2003 and will place a
sergeant on each shift.
i
i
I
The Minutes of the Regular Meeting of the Citv Council - December 10. 2002 - page 8
Motion approved by a roll call vote. Ayes -7 Nays -0
Kot -aye, Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye
ADMINISTRATION COMMITTEE REPORT
Aurora Tourism Contract
A motion was made by Alderwoman Spears to approve the Fourth Amended Intergovernmental
Cooperation Agreement between the cities of Yorkville, Aurora, Plano, and the villages of North
- I Aurora, Sugar Grove and Montgomery, for services with the Aurora Area Convention & Tourism
Council and to authorize the Mayor and City Clerk to sign the agreement; seconded by
Alderwoman Burd.
Mayor Prochaska noted that while the City searches for an alternative, a program should be in
place. Alderman Sticka commented he did not disagree with this but did not feel the contract
needed to be for three years.
I
Motion approved by a roll call vote. Ayes- 5 Nays -2
Spears -nay, Sticka -nay, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye
Sponsorship Proposal for Park Brochure
A motion was made by Alderwoman Spears to approve the sponsorship proposal for the Park and
Recreation Brochure as recommended by the Park and Recreation Board; seconded by Alderman
James.
Motion approved by a roll call vote. Ayes- 7 Nays -0
Spears -aye, Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye
(Ordinance) 2002 -53 Refinancing of Citv Hall
A motion was made by Alderwoman Spears to approve an ordinance authorizing and providing
for a Refunding Loan Agreement for the purpose of refunding an outstanding installment contract
of the United City of Yorkville, and authorizing and providing for the issue of $1,280,000 Debt
Certificates, Series 2002A. Furthermore, authorizing the Mayor, City Clerk, City Treasurer and
Finance Director to execute and sign the documents; seconded by Alderman Anderson.
Motion approved by a roll call vote. Ayes- 7 Nays -0
Sticka -aye, Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye
EXECUTIVE SESSION
Mayor Prochaska entertained a motion to go into executive sessions for the purpose of collective
negotiating for the purpose of negotiating matters between public employers and their employees
or representatives. He asked that the City Adminsitrator, City Clerk, City Attorney, Chief of
Police, City Treasurer and Labor Attorney Bob Smith be included. He stated that there would be
no action taken after the session. So moved by Alderman Anderson; seconded by Alderman
Besco
Motion approved by a roll call vote. Ayes -7 Nays -0
Anderson -aye, Besco -aye, Burd -aye, James -aye, Kot -aye, Spears -aye, Sticka -aye
I
Executive session was entered at 8:20 P.M.
The Council returned to regular session at 9:30 P.M.
ADDITIONAL BUSINESS
None.
ADJOURNMENT
Mayor Prochaska entertained a motion to adjourn. So moved by Alderman Anderson; seconded
by Alderwoman Burd.
Motion approved by a viva voce vote.
Meeting adjourned at 9:30 P.M.
Minutes submitted by:
Jacquelyn Milschewski, ity Clerk
City of Yorkville, Illinois
i
i
II
'I
jl
•�i
i
it
II
I
III
I�
ICI
i�
I r
l
�i
�I
II
it
�I
ICI
.I
l i d
i
II �_
i!
uo 4-.rq�l UOQ—
No
i
SPEER FINANCIAL, INC.
KEVIN W. WCANNA DAVID F. PHILLIPS LARRY P. BURGER
PRESIDENT SR VICE PRESlr*,Ir " VICE PRESIDENT
December 10, 2002
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:
i
PUBLIC' FINANCE CONSULTANTS SINCE 1954
DANIEL D. FORBES BARBARA L_ CHEVALIER
VICE, PRESIDEW VICE. PRE3 LNr
Bernardi Securities, Inc., Chicago, Illinois, has submitted a bid for the purchase of $1,280,000 Refunding Debt
Certificates, Series 2002A being sold by United City of Yorkville, Kendall County, Illinois.
Upon examination, it is our opinion that the bid is favorable to the City and should be accepted. We therefore
recommend that the bonds be awarded to the bidder at the net interest cost of 4.8879 %.
The amounts and rates for each year are as follows:
Year
Principal
Rates
2004
... ...............................
$ 45,000
............................... 2.150%
2005
... ..............:................
50,000
............................... 2.150%
2006
... ...............................
50,000
............................... 3.000%
2007
... ...............................
50,000
............................... 3.000%
2008
... ...............................
50,000
............................... 4.000%
2009
... ...............................
55,000
............................... 4.000%
2010
... ...............................
55,000
............................... 4.000%
2011
... ...............................
60,000
............................... 4.300%
2012
... ...............................
60,000
............................... 4.300%
2013
... ...............................
65,000
............................... 4.550%
2014
... ...............................
65,000
............................... 4.550%
2015
... ...............................
70,000
............................... 4.700%
2016
... ...............................
75,000
............................... 4.700%
2017
... ...............................
80,000
............................... 4.900%
2018
... ...............................
80,000
............................... 4.900%
2019
... ...............................
85,000
............................... 5.000%
2020
... ...............................
90,000
............................... 5.000%
2021
... ...............................
95,000
............................... 5.150%
2022
... ...............................
100,000
............................... 5.150%
Sincerely,
J
Barbara L. Chevalier
Vice President
BLC /rmr
SUITE 4100.ONE NORTH LASALLE STREET - CHICAGO, ILLINOIS 60602 - (312) 346 -3700 • FAX (312) 346 -8833
SUITE 608.531 COMMERCIAL STREET • WATERLOO, IONVA 50701 - (319) 291 -2077 - FAX (319) 291 -8628
CITY OF YORKVILLE
Refunding of Series 1999 /CC
Debt Certificates
DEBT SERVICE SCHEDULE
Date
Principal
Coupon
Interest
Total P +I
FISCAL TOTAL
12/30Y1002
-
-
7/012 003
-
-
30,4,469.83
69.83
30
-
1/012004
45,000.00
2.150%
27,982.50
72,982.50
103,452.33
7/012004
-
-
27,498.75
27,498.75
-
1/012005
50,000 -00
2.150%
27,498.75
77,498.75
104,997.50
71012005
-
-
26,961.25
26,961.25
-
1 /01/2006
50,000.00
1000%
26,961.25
76,961.25
103,922.50
7/012006
-
-
26,211.25
26,211.25
1 /012007
50,000.00
3.000%
26,211.25
76,211 -25
102,422.50
7/012007
-
-
25,461.25
25,461.25
-
1/012008
50,000.00
4.000%
25,461.25
75,461 -25
100,922.50
7 /012008
-
-
24,461.25
24,461.25
-
1/012009
55,000.00
4.000%
24,461.25
79,461.25
103,922.50
7/012009
-
-
23,361.25
23,361.25
1/012010
55,000.00
4.000%
23,361.25
78,361.25
101,722.50
7/0112010
-
-
22,261.25
22,261.25
-
1/012011
60,000.00
4.300%
22,261.25
82,261.25
104,522.50
7 /012011
-
-
20,971.25
20,971.25
-
1 /012012
60,000.00
4.300%
20,971.25
80,971.25
101,942.50
71012012
-
-
19,681.25
19,681.25
-
1/012013
65,000.00
4.550%
19,681.25
84,681.25
104,362.50
7 /012013
-
-
18,202.50
18,202 -50
-
1/012014
65,000.00
4.550%
18,202.50
83,202 50
101,405.00
7/012014
- -
-
16,723.75
16,723.75
-
1/012015
70,000.00
4.700%
16,723.75
86,723.75
103,447.50
7 /012015
-
-
15,078.75
15,076.75
-
1/012016
75,000.00
4.700%
15,078.75
90,078.75
105,157.50
7 /012016
-
-
13,316.25
13,316.25
-
1/012017
80,000.00
4.900%
13,316.25
93,316 -25
106,632.50
7/012017
-
11,356.25
11,356.25
11012018
80,000.00
4.900%
11,356.25
91,356 -25
102,712.50
7/012018
-
-
9,396.25
9,396.25
-
1/01/2019
85,000.00
5.000%
9,396,25
94,396.25
103,792.50
71012019
-
-
7,271.25
7,271.25
-
1 /012020
90,000.00
5.000%
7,271.25
97,271.25
104,542.50
7 1012020
-
-
5,021.25
5,021 -25
-
1/012021
95,000.00
5.150%
5,021.25
100,021.25
105,042.50
7 /012021
-
-
2,575,00
2,575.00
-
1/012022
100,000.00
5.150%
2,575.00
102,575.00
105,150.00
Total
1,280,000.00
-
690,072.33
1,970,072.33
-
YIELD STATISTICS
Accrued Interest from 12/15/2002 to 12/30/2002
Bond Year Dollars... . ......... ...............................
AverageLife........... ....................... ...... ................
Average Coupon ............................... ........ --- ....
Net Interest Cost ( NIC) ..................................... I .......... . ....... _.
True Interest Cost M C) ........................... ...............................
Bond Yield for Arbitrage Purposes ........................ .------------
.. All Inclusive Cost (AIC) .......................... ...............................
........................ 2,331.88
$14,536.89
...................... 11.357 Years
......... 4.7470427%
......................... 4- 8879257%
.......................... 4.8969073%
............ .............. 4.7032071%
5.1101887%
IRS FORM 8038
Net Interest Cost. -- ....................................... ............................... 4.7484228%
Weighted Average Maturity ............................. .................... ....--- -- -- - -- --- -- .. 11.315 Years
Speer Financial, Inc. File = Yorkvi1l.sf- Ser02refdg99City Hall- SINGLE PURPOSE
Public Finance Consultants Since 1954 12/102002 9:43 AM
Page 1
OUTLINE FOR UNITED CITY OF YORKVILLE WETLAND PROTECTION ORDINANCE
1. Protection of Isolated Waters including wetlands
• US Army Corps of Engineers loss of jurisdiction
• State, County & local governments providing protection
2. Why protect isolated wetlands?
Wetland functions include:
- water quality improvement through absorption and filtering
- habitat for wildlife
- assist with floodwaters
- support biodiversity
- provide open space
- create recreational opportunities
3. Language of Yorkville's Wetland Protection Ordinance draws from several other
ordinances.
Standards for protection of wetlands
- Buffer requirements
- Wetland hydrology protection
- Detention in wetlands
- Discharge into wetland
- Protection of all preserved wetlands
• Wetland quality —� degree of protection (roadside ditches vs. high quality
wetlands)
4. Standard requirements for Wetland Permit