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Meeting Name: Finance & Administration Committee Agenda status: Final
Meeting date/time: 8/14/2019 6:00 PM Minutes status: Final  
Meeting location: Village Manager's Conference Room
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
190291 1 Social Media and Board, Committee and Commission TrainingPresentationSocial Media and Board, Committee and Commission Training   Action details Not available
190324 1 2020 Budget Update, 2021 Forecast, Home Rule Overview - PresentationOrdinanceBudget Ordinance for Fiscal Year 2020 Ordinance adopting the Village of Lombard FY 2020 Annual Budget in the amount of $95,085,532.   Action details Not available
190300 1  OrdinanceSix (6) Ordinances Amending Title 5, Chapter 50 of the Lombard Village Code in Regard to Water and Sewer Rates 1. AN ORDINANCE AMENDING TITLE 5, CHAPTER 50, SECTION 50.114 OF THE LOMBARD VILLAGE CODE IN REGARD TO WATER RATES Effective January 1, 2020, this ordinance amends Section 50.114(A) to increase the variable water rate within Village limits by $0.26 each year and outside the Village limits by $0.39 each year, for the next five years (2020-2024). Section 50.114(B) amends the administrative service charge to $5.05 per billing period for the next five years (2020-2024). Section 50.114(C) increases the non-residential cross-connection control program charge by $0.15 each year for the next five years (2020-2024). Section 50.114(D) establishes a flat fixed capital fee of $5.00 per billing period, effective January 1, 2020, and increases this fee by $0.25 each year for the next four years (2021-2024). 2. AN ORDINANCE AMENDING TITLE 5, CHAPTER 50, SECTIONS 50.106(B) AND 50.107 OF THE LOMBARD VILLAGE CODE IN REGARD TO WASTEWATER COLLECTION AND TREATMENT CHARGES Effective JanuaRecommended to the Board of Trustees with condition(s)Pass Action details Not available
190320 1  OrdinanceAmendments to Article XIII, Schedule XII and Schedule XXIII of the Village of Lombard Traffic Code Amendments regarding a rate increase to $2.00 per day for commuter parking and eliminating quarterly parking permits. The Finance and Administration Committee voted unanimously to recommend the amendments.Recommended to the Board of Trustees with condition(s)Pass Action details Not available
190325 1  RequestLong Range Plan (LRP) Reserve Fund - Policy Options Recommendation to approve the proposed distribution of the $1.15 million balance in the LRP Fund through the Waterfall (per Year-End General Fund Reserve Maintenance Policy) for the 2019 LRP amount. The Finance and Administration Committee voted 5-1 to recommend approval of Option 1 - Mirror Policy on Year-End Revenues over Expenditures(Waterfall) as it will help pay down pension liabilities and provide some flexibility for the future if needed.recommended to the Board of Trustees for approvalPass Action details Not available
190326 1  RequestProceeds From Sale of 101 S. Main St. - Policy Options The Finance and Administration Committee recommended a blend of Option 1- Mirror Policy on Year-End Revenues over Expenditures (Waterfall) and Option 7- TIF Replacement/Economic Incentive, which would help pay down pension liabilities and provide some flexibility for the future if needed. The F&A Committee recommended that $1 million of the proceeds go through the Waterfall (Option 1) and the remaining balance will be set aside for potential replacement of current TIF funding and/or to be used for an economic incentive as needed throughout the Village and (Option 7). The Finance and Administration Committee voted unanimously to recommend approval to the Village Board of Trustees.recommended to the Board of Trustees for approvalPass Action details Not available
190298 1  OrdinanceOrdinance Providing for the Levy and Assessment of Taxes for the Fiscal Year beginning January 1, 2019 and ending December 31, 2019 for the Village of Lombard Providing for the levy and assessment of taxes for the fiscal year beginning January 1, 2019 and ending December 31, 2019 in the amount of Ten-Million-Fifty-Two-Thousand-Three Hundred-Seventy-Six Dollars ($10,052,376). Based on the total estimated EAV along with the number of households in Lombard per the most recent census, the Village's share of the tax bill for the average $189,000 household is expected to increase approximately $8.42. For the owner of a $300,000 house, the increase will be approximately $14.21. The Finance and Administration Committee voted unanimously to recommend the statutorily permissible 2019 tax levy to the President and the Board of Trustees.   Action details Not available
190299 1  Information ItemLegislative Updates   Action details Not available