1997-42RESOLUTION NO. 97- 42
A RESOLUTION APPROVING THE VILLAGE OF BUFFALO GROVE
CAPITAL IMPROVEMENT PLAN
FY 1998 -1999 THROUGH FY 2002 -2003
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 1998 -1999
through FY 2002 -2003 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 1998-
1999 through FY 2002 -2003 is hereby approved with the understanding that
all projects identified herein shall further be singularly approved during
their respective budget periods.
Section 2. Those projects identified for FY 1998 -1999 will be integrated
into the operating budget for that period within the appropriate fund
group(s) and all projects identified for FY 1998 -1999 will be considered
as part of the formal overall review process of the budget document so
submitted.
AYES: 5 - Marienthal, Reid, Rubin, Braiman, Glover
NAYES: 0 - None
ABSENT: 1 - Hendricks
PASSED: December 15 ,1997.APPROVED: December 15 ,1997.
Oro -
Vilq4ge Clerk.