2007-33RESOLUTION NO. 2007- 33
A RESOLUTION APPROVING TEE VILLAGE OF BUFFALO GROVE
CAPITAL IMPROVEMENT PLAN
FY 2008 THROUGH FY 2012
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 2008 through FY
2012 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 2008
through FY 2012 reviewed by the President and Board of Trustees on Monday,
November 5, 2007 is hereby approved with the understanding that all
projects identified herein shall further be singularly approved during
their respective budget periods.
AYES. 5 - Braiman, Glover, Berman, Kahn, Trilling
NAYES: 0 - None
ABSENT; 1 - Rubin
PASSED: November 19 ,2007
APPROVED: November 19 ,2007.
APPROVED:
IVITAge President
Vil ge Clerk