On the Agenda: Village Council Meeting (4/3)
Tonight's meeting, in brief.
•Marsha Giesler, 2012 Fire and Life Safety Educator of the Year.
On the Consent Agenda
•A motion awarding nearly $5.5 million to Austin Tyler Construction for the Knottingham Subdivision road reconstruction and water main replacement project.
On the Active Agenda
•A motion authorizing a salary increase for the Village Attorney.
•An ordinance amending certain water rates.
From the Manager's Report
•Standard & Poor’s Affirms AA+ Bond Rating – Standard & Poor’s indicated today that the Village has retained its bond rating of AA+. S&P completed the bond rating as part of the Village’s 2012 bond issuance process. The Village hosted S&P staff members on Thursday, March 21. After answering questions and reviewing the Village’s overall financial position, Long Range Financial Plan and Strategic Plan, staff provided a short tour of the Village. S&P officials indicated that the Village received the top possible score on management and noted that the Village’s financial planning efforts and budget decisions were major reasons for this score. The rating of AA+ is the second highest rating that can be achieved. The Village was not awarded the highest rating, AAA, due to demographic factors beyond the Village’s direct control such as resident income levels and housing values.