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Maywood board approves $667,000 warrant list and three TIF surplus transfers for regional 911 center escrow
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Summary
Trustees approved Warrant List No. 200463 for $667,469.80, received an open-invoices report, and adopted omnibus items including three ordinances transferring TIF surplus funds (totaling $2,766,206) to an escrow for the Eisenhower Emergency Communication Center (Ike 911 Center).
At its Dec. 18, 2018 meeting, the Village of Maywood Board of Trustees approved the warrant list totalling $667,469.80 and received an open-invoices report showing $3,099,030.59 outstanding.
As part of an omnibus motion that passed without recorded opposition among trustees present, the board authorized multiple vendor payments and three ordinances declaring surplus revenue from TIF accounts and transferring the village’s allocated portions to Chicago Title Insurance Company joint order construction escrow No. 18016783LPC. The three TIF transfers listed were: Madison Street TIF surplus $1,000,000; St. Charles Road TIF surplus $1,000,000; and Roosevelt Road TIF surplus $766,206. The funds were identified to be used for the Eisenhower Emergency Communication Center ("Ike 911 Center") project escrow.
Approved vendor payments included health insurance premiums to Blue Cross Blue Shield and water services to the City of Chicago; the omnibus block also included legal-service statements and payments for green infrastructure and sanitary sewer projects. One listed project (40 Madison Street sanitary sewer and driveway improvements) is funded by existing balances in the Madison Street TIF.
The board’s omnibus approval bundled these discrete payments and ordinances into a single motion for efficiency; the meeting record includes the vendor list and surplus amounts as presented in the omnibus packet. No trustee requested recorded roll-call detail for each omnibus line item during the motion as presented.
Staff did not provide a detailed public breakdown during the meeting for how the three TIF surplus transfers will be disbursed from escrow to project invoices; documents referenced in the packet were listed as exhibits to the ordinance.