Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee reviews capital plan and deep-tunnel stormwater project; staff flags reimbursement and cash-flow risk
Summary
Committee discussed a $3.9 million deep-tunnel stormwater project split between a county/state award and village funds, potential reimbursement delays through the state program, and staff recommended holding a $300,000 sanitary-sewer line pending bid results and reimbursement timing.
Lake Bluff Finance Committee members on Feb. 10 reviewed the draft 15-year capital program and spent most of the session on a proposed deep-tunnel stormwater project and related cash-flow implications.
Staff said Lake County has awarded approximately $2.7 million for the viaduct storm-sewer project but will retain roughly $300,000 for administration, leaving about $2.4 million available for construction if the village meets program requirements. Jeff (project staff) told the committee that the county expects to obtain the money from a state grant program administered by the Illinois Department of Commerce and Economic Opportunity (DECEO), and that DECEO reimburses grantees quarterly rather than monthly.
Jeff said that if the village meets the program’s…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
