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Among other items, this agenda includes:
Public Hearing for 2023 Property Tax Levy
The Village is holding a Public Hearing Monday night for residents to have the opportunity to comment on the proposed levy. The total proposed increase to the property tax levy for 2023 represents an 8.45% increase over the previous year when applying the formulas set forth in the Property Tax Extension Limitation Law. The total proposed levy is just under $11 million, including approximately $5 million for police and fire pensions and $1.3 million for debt service.
Chipotle Mexican Grill Development
Terraco Incorporated is requesting approval to construct a Chipotle restaurant with drive-through and outdoor patio at 442 South Rand Road. Until recently, a significant portion of the existing three-story office building was leased to Chase Bank, which has since constructed a new bank across the road.
Collective Bargaining Agreements
The Village has been in productive negotiations regarding successor contracts with both the Fraternal Order of Police, Patrol Unit and the International Union of Operating Engineers, Local 150. Members of FOP and Local 150 have accepted new three-year contracts.
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