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2008-36I t 0 1 • RESOLUTION NO. 2008- 36 d A RESOLUTION APPROVING THE VILLAGE OF BUFFALO GROVE CAPITAL IMPROVEMENT PLAN FY 2009 THROUGH FY 2013 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 2009 through FY 2013 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 2009 through FY 2013 reviewed by the President and Board of Trustees on Monday, October 20, 2008 is hereby approved with the understanding that all projects identified herein shall further be singularly approved during their respective budget periods. AYES: 4 — Braiman, Berman, Kahn, Trilli NAYES: 0 — None ABSENT: 2 — Glover, Rubin PASSED: November 3 ,2008 APPROVED: November 3 .2008. APPROVED: Vill ge President Villa Jerk