2002-48•
RESOLUTION NO. 2002- 48
A RESOLUTION APPROVING THE VILLAGE OF BUFFALO GROVE
CAPITAL Ib1PR0VEMZNT PLAN
FY 2003 -2004 THROUGH FY 2007 -2008
WHEREAS, the Capital Improvement Plan (CIP) is a tool that will assist the
Village in its future capital implementation and financing strategies; and
WHEREAS, the CIP will cover a five -year period and is intended to be an
annually updated, reviewed and approved budgetary document allowing the Village
Board maximum flexibility to modify, add or delete from the Plan on an annual
basis any and all projects not meeting the goals and objectives of the overall
capital development strategies of the Village; and
WHEREAS, pending final comments, the Plan for the period FY 2003 -2004
through FY 2007 -2008 can be considered for approval.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS that:
Section 1. The Capital Improvement Plan for the period covering FY 2003-
2004 through FY 2007 -2008 reviewed by the President and Board of Trustees
on Monday, December 2, 2002 is hereby approved with the understanding that
all projects identified herein shall further be singularly approved during
their respective budget periods.
AYES: 4 - Braiman, Glover. Berman,_ rz:ling
NAYES: 1 - Johnson.
ABSENT: 1 - Kahn
PASSED: December 16 ,2002
APPROVED: December 16 ,2002.
APPROVED:
lage President
Vill Clerk