Village of Lombard Legistar System

Trustee Kenneth Florey-Chairperson

Trustee Rick Soderstrom-Alternate Chairperson

Edward Murphy, Bill Ware, David Wellehan,

James Hogan, Mary Cation, Jim Castaldo

Staff Liaison: Leonard J. Flood

Call to Order and Roll Call

Mary Cation, Edward Murphy, David Wellehan and Jim Castaldo

James W. Hogan and Bill Ware

Staff Present: Bill Lichter, Tim Sexton

Public Participation

It was moved by Murphy, seconded by Wellehan, to approve the minutes of

January 18, 2005 and February 21, 2005. The motion carried by the following vote:

Cation, Murphy, Wellehan and Castaldo

Update on 2006 Insurance Renewal

The Village's Risk Management Consultant, Mike Nugent, reviewed his memo and

spreadsheet for the 2006 insurance renewal. He indicated that there would be an

impact on the renewal from state legislation on workers compensation that was recently

passed. Also, Mr. Nugent informed the Committee that a Request for Proposals was

done for claims administration. He will be receiving these proposals and will review

them with staff. There were questions as to whether there were any other options for

the Village. Mr. Nugent informed them that at this time there are no other realistic

options. Discussion followed.

Revisions to the Village of Lombard Purchasing Manual

A report was presented by Tim Sexton on the proposed changes to the Purchasing

Manual. There were questions regarding the dollar level of approvals. Clarification was

provided by staff. Discussion followed.

It was moved by Murphy, seconded by Cation, that this matter be recommended

to the Board of Trustees for approval including all staff revisions to the Village of

Lombard Purchasing Manual. The motion carried by the following vote:

Cation, Murphy, Wellehan and Castaldo

Enactment No: Resolution 30-06

Recommendation of the Finance Committee to place a Non-Home Rule Sales Tax

Referendum question on a future ballot.

Village Manger Bill Lichter made a PowerPoint presentation to the Committee on the

Village's financial condition and the need for a long-term source of additional revenue.

There was discussion of the impact that the property tax cap has had and will have in

the future on the Village. There was also discussion of the possible referenda that could

be placed on a ballot, and in particular the non-home rule sales tax.

There was additional discussion regarding the referendum. The Committee

unanimously agreed that the Village should consider hiring a consultant to assist in

organizing an educational campaign on the referendum. There was also concern

whether there would be enough time prior to the March 21, 2006 election to conduct this

educational campaign. Bill Lichter informed the Committee that staff would research this

and inform the Board on these issues.

It was moved by Wellehan, seconded by Murphy, that this matter be

Recommended to the Board of Trustees for approval of the staff recommendation

to seek a 0.5% non-home rule sales tax through a referendum. The motion carried

by the following vote:

A. Budget Calendar

Tim Sexton reviewed the budget calendar with the Committee.

B. Sales Tax

Tim Sexton reviewed the current sales tax report with the Committee. Discussion

followed.