1994-15RESOLUTION NO. 94- 15
A RESOLUTION APPROVING THE FY94 -95 THROUGH
FY98 -99 CAPITAL IMPROVEMENT PLAN
WHEREAS, the Capital Improvement Plan (CIP) is a tool that will assist the Village
in its future capital financing strategies; and,
WHEREAS, the CIP covers a five -year period and is intended to be an annually
reviewed and approved budget document allowing the Village Board maximum flexibility
to modify, add or delete from the program on an annual review basis; and,
WHEREAS, the CIP, attached as Exhibit A, covers the period FY94 -95 through
FY98 -99, has been previously reviewed by the Village Board.
THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS that the Capital Improvement Plan for the period covering FY94 -95 through
FY98 -99 is hereby approved with the understanding that all projects a part thereof shall
be singularly approved during their respective budget periods.
AYES: 5- Marfenthal. Reid-.- Kahn, Rubin. Braiman
NAYES: 0 - None
ABSENT: 1 - Hendricks
PASSED: March 21, 1994 APPROVED: March 21, 1994
ATTEST:
_�-
Villagbtl.erk
SIDNEY -H'. MATHIAS
Village President