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9.
EClTFY OF
WEST CHICAGO
WHERE HISTORY & PROGRESS MEET
FINANCE COMMITTEE
THURSDAY, OCTOBER 27, 2022
6:00 P.M. — CITY COUNCIL CHAMBERS
AGENDA
. Call to Order, Roll Call, and Establishment of a Quorum
Approval of Minutes
A. Finance Committee Meeting Minutes of April 28, 2022
. Public Participation / Presentations
Items for Consent
A. Ordinance No. 22-O-0035 — Fourth Quarter Budget Amendment
B. Resolution No. 22-R-0066 — Selection of a Financial Advisor for Debt Issuances
Items for Discussion
A. DuPage Senior Citizens Council — Request for Additional Funding
Unfinished Business
New Business
Reports from Staff
Executive Session (if needed)
10. Adjournment
475 Main Street | T (630) 293-2200 Ruben Pineda
West Chicago, Illinois | F (630) 293-3028 mayor
Wi astchica Nancy M. Smith
60185 www.westchicago.org SITY CLERK
Michael L. Guttman
CITY ADMINISTRATOR

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DRAFT MINUTES-
Pending Approval
MINUTES
FINANCE COMMITTEE
April 28, 2022
1. Call to Order, Roll Call, and Establishment of a Quorum.
Alderman Dimas called the meeting to order at 6:00 p.m. Roll call found Aldermen Dimas,
Chassee, Sheahan, Swiatek and Morano present. Absent: Dettmann and Stout.
Staff in attendance: City Administrator Michael Guttman, Administrative Services Director
Linda Martin, Community Development Director Tom Dabareiner, Public Works Director
Mehul Patel, and Police Chief Colin Fleury.
2. Approval of Minutes
A. Finance Committee Meeting minutes of February 24, 2022
Alderman Swiatek moved and Alderman Chassee seconded a motion to approve the
minutes. Voting Aye: Aldermen Chassee, Dimas, Sheahan, Swiatek and Morano. Voting
Nay: 0. Motion Carried
3. Public Participation / Presentations — None.
4. Items for Consent
A. Resolution No. 22-R-0022 — Side Letter with the FOP — Canine Unit
City Administrator Guttman explained that since the Police Department has obtained a
canine, the Canine Officer is entitled to an annual stipend and the attached Letter of
Agreement is necessary to in order to make the necessary changes.
Alderman Chassee moved and Alderman Morano seconded a motion to approve the item.
Voting Aye: Alderman Chassee, Dimas, Sheahan, Swiatek and Morano. Voting Nay: 0.
Motion Carried
5. Items for Discussion — None
A. Presentation on Issuing Notes for a Proposed Development
City Administrator, Michael Guttman, briefed the Committee on how issuing notes for a TIF-
eligible project benefits the City. He said in this case the developer will front the money for
the TIF-eligible improvements and a portion of the annual property tax increment will repay
the developer until it is paid. By means of comparison, with the issuance of bonds, the City
incurs the debt and then is re-paid by the annual incremental property tax revenue produced by
the TIF District.
Page 1

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DRAFT MINUTES-
Pending Approval
Community Development Director, Tom Dabareiner, noted that a note is more like a traditional
loan and therefore it is less risky to the City.
Questions were fielded and answered. The Finance Committee members expressed support
for the issuance of notes for the 1300 Roosevelt Road Project under the terms and conditions
provided in the staff report.
B. Funding for the DuPage Senior Citizens Council
City Administrator, Michael Guttman, briefed the Committee on the history of grant funding
and how it was previously decided to only fund the Meals on Wheels program with the DuPage
Senior Citizens Council at $10,000.00. He said staff from DuPage Senior Citizens Council has
consistently requested additional funding and City staff is looking for direction on how to
proceed with additional grant funding.
Alderman Chassee said the $10,000.00 was originally to fund the Meals on Wheels program
and it looks like now they are looking for support for a broader portion of its total
programming. She stated that she has interacted with DuPage Senior Citizens Council and has
found services fully inadequate and unresponsive. She is inclined to keep the contribution
amount the same.
Alderman Morano asked about other contributions outside of the City. City Administrator
responded he did not have that information but did say that in 2002, at the time City Council
was able to show that $10,000.00 would go towards seniors in incorporated West Chicago.
Alderman Dimas said she also feels inclined to keep the contribution amount the same but
would like to have a representative from DuPage Senior Citizens Council attend a future
meeting in order to provide additional information.
6. Unfinished Business — None
7. New Business - None
8. Reports from Staff - None
9. Executive Session (if needed) — None
10. Adjournment
Alderman Chassee moved and Alderman Sheahan seconded a motion to adjourn at 6:15
p.m. Voice Vote: All Ayes.
Respectfully submitted,
Josie Aviley
Page 2

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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEMNUMBER: —_ ‘tA.
Ordnance No. 22-0-0035 — Fourth Quarter Budget
Amendment FILE NUMBER:
COMMITTEE AGENDA DATE: 10/27/2022
COUNCIL AGENDA DATE: 11/7/2022
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Please refer to the Exhibit for the explanations.
STAFF RECOMMENDATION:
Staff recommends adoption of Ordinance No. 22-0-0035.
COMMITTEE RECOMMENDATION:

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ORDINANCE NO. 22-0-0035
AN ORDINANCE AMENDING THE ANNUAL BUDGET FOR
THE CITY OF WEST CHICAGO, DUPAGE COUNTY, ILLINOIS
FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2022
AND ENDING DECEMBER 31, 2022 PASSED AND
ADOPTED BY ORDINANCE NO. 21-0-0036 —
FOURTH QUARTER 2022 BUDGET AMENDMENT
WHEREAS, the City of West Chicago has heretofore adopted the annual budget
procedure providing for in 65 ILCS 5/8-2-9.1 through 5/8-2-9.10; and,
WHEREAS, the City of West Chicago has passed Ordinance No. 21-O-0036 passing and
adopting the “2022 Proposed Budget” (ANNUAL BUDGET); and,
WHEREAS, said Ordinance No. 21-O-0036 was filed with the County Clerk of DuPage
County as required by law; and,
WHEREAS, the City of West Chicago desires to revise the ANNUAL BUDGET to
account for the unforeseen expenditures associated with litigation, increased sales taxes
associated with a Sales Tax Rebate Agreement, an employee retirement, collecting judgements
and gaining property maintenance compliance via DuPage County, additional monies for the
Facade Program, additional monies for bond counsel and a financial advisor, and a bookkeeping
error when the Downtown TIF Fund was closed as well as the Commerce Drive Reconstruction
Project not being closed out last Fiscal Year; and,
WHEREAS, 65 ILCS 5/8-2-9.6 provides in part that by a vote of two-thirds of the
corporate authorities then holding office, the annual budget of a municipality may be revised by
deleting, adding to, changing or creating sub-classes within object classes and object classes
themselves, provided no revision increasing the budget shall be made in the event funds are not
available to effectuate the purpose of the revision.
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of West
Chicago, DuPage County, Illinois, in regular session assembled as follows:
SECTION 1. That the ANNUAL BUDGET of the City of West Chicago is hereby
amended as detailed in “Exhibit A”.
SECTION 2. That the City Clerk is authorized and directed to file a certified copy of this
Ordinance with the County Clerk of DuPage County.
SECTION 3. That all ordinances and resolutions, or parts thereof, in conflict with the
provisions of this Ordinance are, to the extent of such conflict, expressly repealed.
Ordinance No. 22-0-0035
Page 1 of 2

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SECTION 4. That this Ordinance shall be in full force and effect from and after its
passage by two-thirds of the corporate authorities and approval and publication in pamphlet form
as provided by law.
PASSED this 3" day of October 2022.
Alderman J. Beifuss Alderman L. Chassee
Alderman J. Sheahan Alderman H. Brown
Alderman A. Hallett Alderman C. Dettmann
Alderman M. Birch-Ferguson Alderman S. Dimas
Alderman C. Swiatek Alderman M. Garling
Alderman R. Stout Alderman J. Short
Alderman J. Morano Alderman J. Jakabcsin
APPROVED as to form:
City Attorney
APPROVED this 3" day of October 2022.
Mayor Ruben Pineda
ATTEST:
Executive Assistant Valeria Perez
PUBLISHED:
Ordinance No. 22-O-0035
Page 2 of 2

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Ordinance No. 22-0-0035
Fourth Quarter 2022 Budget Amendment
Exhibit A
original amended
Sales Tax Rebates Due to Better Than Expected Sales
01-02-07-4375 10,000 65,000 75,000
Litigation Expenses
08-34-53-4809 325,000 - 325,000
01-05-01-4100 125,000 45,000 170,000
HRC Retirement
01-05-01-4020 50,000 90,100 140,100
01-05-01-4050 4,000 6,900 10,900
01-05-01-4056 5,000 8,200 13,200
Bond Counsel and Financial Advisor
17-34-54-4100 50,000 2,500 52,500
17-34-54-4102 20,000 - 20,000
Downtown TIF2 Creation
01-10-28-4100 25,000 13,000 38,000
01-10-28-4225 50,000 38,000 88,000
Collecting Adjudication Judgements and Getting Property Maintenace Code Violations Abated via the Court System
01-10-29-4100 25,000 25,000 50,000
Telephone Expenses
01-05-02-4202 17,500 10,000 27,500
Facade Program
01-10-29-4813 30,000 30,000 60,000
City Museum (Failed to Budget the Other 50% Formerly Being Charged to the TIF Fund)
01-10-30-4225 45,200 44,200 89,400
Commerce Drive Reconstruction Project
16-34-58-4807 62,000 196,500 258,500
Expenditures
General Fund 456,700 20,939,000 21,395,700
Capital Projects Fund 325,000 6,562,900 6,887,900
Motor Fuel Tax Fund 62,000 371,500 433,500
Roosevelt-Fabyan TIF Fund 70,000 22,500 92,500

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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: 4.6.
Resolution No. 22-R-0066 - Selection of a Financial
Advisor for Debt Issuances FILE NUMBER:
COMMITTEE AGENDA DATE: 10/27/2022
COUNCIL AGENDA DATE: 11/7/2022
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Today, the only debt obligations of the City of West Chicago is a low-interest loan from the IEPA
Revolving Loan Fund, which is set to be retired in 2024. The first project on which the chosen financial
advisor would assist is with the issuance of tax-exempt and taxable notes for an industrial project within
an existing TIF District; near final negotiation on a Redevelopment Agreement are occurring now, and the
financial advisor will need to get quickly up to speed to offer guidance prior to City Council consideration
in likely November 2022. Future probable work will include a bond issuance for a mixed-use project in
the newly formed Downtown TIF 2 redevelopment area as well as educating the Finance Committee on
how a debt issuance could help accelerate the funding of larger capital projects, such as a new City Hall
or road improvements in the City’s Industrial Parks (the City has had only one debt issuance over the last
25 years, that being for the construction of a water treatment plant required by the EPA).
In September, staff issues an RFP for a financial advisor for debt issuances; the RFP was sent to six
firms, and three responded. A three person team reviewed the three responses, and each recommends
that the City hire Speer Financial, Inc. to assist the City. That company’s RFP response is attached for
your review. The complete potential scope of work is attached as well.
STAFF RECOMMENDATION:
Approve Resolution No. 22-R-0066 to retain Speer Financial, Inc. as the City’s financial advisor for debt
issuances.
COMMITTEE RECOMMENDATION:

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RESOLUTION NO. 22-R-0066
A RESOLUTION RETAINING SPEER FINANCIAL, INC. AS THE CITY’S
ADVISOR ON MUNICIPAL DEBT ISSUANCES
BE IT RESOLVED by the City Council of the City of West Chicago, in regular
session assembled that the City hereby retains Speer Financial Inc. to assist with
municipal debt issuances per its proposal attached as Exhibit “A” and the scope of work
attached as Exhibit “B”.
APPROVED this 7" day of November 2022.
AYES:
NAYES:
ABSTAIN:
ABSENT:
Ruben Pineda, Mayor
ATTEST:
Valeria Perez, Executive Assistant

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SF Speer Financial, Inc.
INDEPENDENT MUNICIPAL ADVISORS
Financial Advisor Services
Proposal
Presented to:
The City of West Chicago
WEST CHICAGO
Chicago Office: °
ee iene Due: September 30, 2022 by
Suite 2630 1:00pm
Chicago, Illinois 60606
Phone: (312) 346-3700
Fax: (312) 346-8833
www.speerfinancial.com

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Table of
Proposal Content
Cover Letter
1. Company Overview
Organization chart/Anticipated Roles
- YY DN
RePEFENCES oe. ecesceseeeeeeeeeeeseeeeeee
Contents

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I Spect Financial, Inc.
INDEPENDENT MUNICIPAL ADVISORS ESTABLISHED 1954
DANIEL FORBES RAPHALIATA McKENZIE MAGGIE BURGER ANTHONY MICELI MARK JERETINA AARON GOLD
President Senior Vice President Senior Vice President Senior Vice President Senior Vice President Vice President
September 30, 2022
Mr. Michael Guttman
City Administrator
City of West Chicago
475 Main Street
West Chicago, Illinois 60185
Dear Mr. Guttman:
Thank you for the opportunity to submit a statement of qualifications to provide financial advisory services to the City of West Chicago
Illinois (the “City”). While our detailed proposal follows, we would like to highlight several points that may differentiate Speer Financial,
Inc. (“Speer”, “Speer Financial” or the “Firm”) from other firms being considered.
1. Independence — Speer is not affiliated with any broker-dealer nor do we serve in any capacity other than municipal advisor. This enables
Speer to offer unbiased advice solely in your best interests and avoid any conflicts of interest.
2. Personnel — The Speer financing team assigned to the City includes two officers of the Firm. The assigned team has a combined 21 years of
experience with Speer and 28 years of overall experience in public finance. As well as the individuals assigned to the financing team, the City
will have access to each of the officers of Speer should the need arise. This experience with thousands of financings and with a diversity of
clients brings unparalleled depth, breadth and technical expertise to our municipal advisory services.
3. Level of Activity — Speer is the most active financial advisor in Illinois for long-term municipal bond issues in 2021. Speer has held the
number one ranking in Illinois for over 27 years. We advised on 101 of 317 (over 31%) long-term new money issues in Illinois for 2021. In
total, Speer Financial advised on 221 bond sales totaling over $1,561,292,000 in principal amount in 2021. Speer also has a wealth of local
experience including serving as financial advisor to the Villages of Addison, Arlington Heights, Bensenville, Buffalo Grove, Deerfield,
Glencoe, Glendale Heights, Morton Grove, Niles, North Aurora, Northbrook, Skokie, Winnetka and Woodridge, and the Cities of
Batavia, Des Plaines, Elmhurst, Geneva, Highland Park, Lake Forest, Naperville, Warrenville and Wood Dale.
4. Service Level — We are proud of the level of service that we provide to our clients. As municipal advisor, Speer routinely analyzes
refunding opportunities, provides ongoing debt planning services, analyzes ratings and rating agency strategies and provides other ongoing
services as needs arise. During the bond issuance process, Speer manages the issuance process from start to finish, including the preparation
of the official statement or offering document.
6. Technology — We extensively utilize the latest technology, such as in our posting and electronic distribution of information about upcoming
sales on our www.Speerfinancial.com Debt Auction Calendar. Since 1999, www.SpeerAuction.com has served as a platform to competitively
sell 1,548 issues totaling over $12.5 billion.
Thank you for the opportunity to present our background and qualifications. We look forward to serving the City in the years ahead.
Sincerely,
Cla
Anthony Miceli
Senior Vice President
Speer Financial, Inc.
(312) 529-5881
SUITE 2630 * 230 WEST MONROE STREET * CHICAGO, ILLINOIS 60606 * (312) 346-3700 * FAX (312) 346-8833
SUITE 608 ¢ 531 COMMERCIAL STREET * WATERLOO, IOWA 50701 * (319) 291-2077 * FAX (319) 291-8628

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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
1. An overview of your company, including, but not limited to, the company’s legal
name and corporate structure, location of headquarters, technical staff and field
offices, number of years in business providing the requested services, and
litigations and/or bankruptcy filings in the last five years.
BACKGROUND ON FIRM
Speer Financial, Inc. (“Speer” or the “Firm”), founded in 1954, is a nationally recognized, employee-
owned firm of municipal advisors. We are charter members of the National Association of Municipal
Advisors, an industry coalition seeking to develop and promote ethical and professional standards for
municipal advisory firms and their employees. We bring our clients years of experience in the financial
markets. Since 1996, Speer Financial has participated in the planning and sale of over 4,800 municipal
securities issuances for a total par amount of over $25 billion. We routinely handle securities such as:
general obligation bonds, revenue bonds, debt certificates, notes, refunding issues, tax increment
bonds, special assessment bonds and special service area bonds.
Speer Financial works solely with local governments and special districts, and municipal advising is the
Firm's only business. Speer Financial does not underwrite, purchase or sell bonds, nor is the firm
affiliated with any bank, underwriter or investing institution. We are able, therefore, to render
financial advice to clients without bias or conflict of interest. Our services are solely for the benefit
of our governmental clients.
SPEER MISSION STATEMENT
To provide high quality debt advisory and related financial planning services to governmental entities. As
an independent professional organization, Speer is committed to serve its clients’ long-term interests
with honesty, integrity, and distinctive expertise. To enhance the quality of its services, Speer is
committed to the ongoing development of its entire employee team.
LOCATION AND PERSONNEL
Speer maintains its headquarters in Chicago, Illinois and has a satellite office in Waterloo, lowa. The
Firm maintains a staff with varied backgrounds and disciplines which equip the staff to respond promptly
to client questions. Speer only accepts assignments within its staffs expertise and available time. Our
many long-term relationships demonstrate the level of client satisfaction with our services. We base our
recommendations on what a client needs to hear, not on what a client wants to hear.
Key Officers or Managers of the Speer Tenure with Speer
President Daniel D. Forbes 28
Senior Vice President Raphaliata T. McKenzie 25
Senior Vice President Maggie Burger 17
Senior Vice President Anthony Miceli 9
Senior Vice President Mark Jeretina 12
Vice President Aaron Gold 4
Total 95 years
The six officers of Speer Financial have a combined 95 years with the firm. All are owners. Not only are
the officers invested in the success of the firm, but Speer’s three financial analysts have a combined 46
years with the firm. Speer also has a total of four support staff.
SF Speer Financial, Inc. 2
INDEPENDENT MUNICIPAL ADVISORS

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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
While our main business activity is to provide municipal finance consulting services, our professional
staff includes individuals with accounting, banking, economics, legal, planning, and public finance
expertise. While the quality of our people is clearly more important than the quantity, it is important that
the firm you select as your municipal advisor is able to provide prompt and uninterrupted service to you
during periods of vacations, periods of illness and conflicts in schedules. Working with a team assures
you of prompt and professional service.
CLIENT SALES OF SECURITIES
In the last five years, Speer Financial assisted in bringing 1,074 issues to market amounting to over $6.5
billion in principal amount. This large number of issues and par value of securities illustrate Speer’s high
level of expertise and market awareness which has been developed and honed by this high level of
activity.
Speer Financial, Inc.
Numbénloflacnd!salesiby sccurity an Speer Financial, inc.
umber o on es Dy Securi ype
2017-2021 Catan ot a Sales
300 $2,000,000,000 s
$1,800,000,000
$1,600,000,000
‘$4,400,000,000
$1,200,000,000
$1,000,000,000
$00,000,000 +
$00,000,000
$499,000,000 :
2017 2018 2019 2020 2021 ‘Sanne
$o
2017 2018 2019 2020 2021
™ Other* ™ Revenue m General Obligation
*Includes debt certificates, short-term anticipation notes/bonds, SSA and other special district notes and bonds.
Additionally, Speer professionals participate in numerous conference presentations, webinars, municipal
industry gatherings and other continuing education events in order to gain up to date knowledge and
educate our issuer clients of bond industry trends and the changing market environment.
RANKINGS
Below is a summary of the top Illinois municipal advisors of Long Term Municipal New Issues in 2021.
This information is compiled by Refinitiv, an independent information clearinghouse for the municipal
bond industry. In 2021, Speer advised on 101 of the 317 (over 31%) tax exempt and taxable long-term
new money issues brought to market by Illinois issuers.
Top Municipal Advisors for 2021 (By Number of Issues)
State of Illinois
Long-Term Municipal New Issues
Total Excluding Education
Total Average Total
Number Principal Principal Number Principal
Rank Firm of Issues $(000,000) $(000,000) of Issues $(000,000)
1 Speer Financial, Inc. 101 1149.7 11.4 95 978.4
2 PMA Securities Inc. 68 795.6 11.7 12 146.9
3 Acacia Financial Group 39 3381.1 86.7 31 2874.5
4 PEM Financial Advisors LLC 15 1774.1 118.3 10 1471.5
5 Kings Financial Consulting inc 1 68.9 6.3 0 0.0
6 Columbia Capital Management 9 1357.1 150.8 5 1044.2
7 Robert W. Baird & Co Inc. 9 110.9 12.3 9 110.9
8 Kane McKenna Capital Inc. 8 54.7 6.8 8 54.7
9 Longhouse Capital Advisors 8 189.9 23.7 5 59.2
10 Caine Mitter & Associates Inc. 7 461.6 65.9 7 461.6
° °
EF Speer Financial, Inc. 3
INDEPENDENT MUNICIPAL ADVISORS

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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
ILLINOIS MUNICIPAL CLIENTS
Below we list Speer’s current municipal (City and Village) clients throughout the State of Illinois. A
representative listing of certain municipal client references with contact information can be found below.
Speer would happily provide additional references upon request.
Speer Financial, Inc.
Current Illinois Clients as of September 30, 2022
Village of Addison City of Geneva City of McHenry Village of Romeoville
Village of Algonquin Village of Glencoe City of Mattoon City of Rockford
Village of Arlington Heights Village of Glendale Heights Village of Minooka | Village of Roselle
City of Aurora Village of Green Oaks City of Moline Village of Round Lake Park
Village of Bannockburn Village of Gurnee City of Monmouth Village of Schaumburg
Village of Barrington Village of Hanover Park Village of Montgomery Village of Schiller Park
City of Batavia Village of Hazel Crest City of Morrison Village of Shorewood
Village of Bensenville City of Highland Park Village of Morton Grove Village of Skokie
Village of Buffalo Grove Village of Hinsdale City of Naperville Village of South Holland
Village of Burr Ridge Village of Hoffman Estates Village of Niles City of Springfield
Village of Carpentersville | Village of Homewood Village of North Aurora Village of Sugar Grove
Village of Cary Village of Inverness Village of Northbrook Village of Thornton
Village of Clarendon Hills City of Joliet Village of Oak Park Village of University Park
City of Collinsville Village of Lake Bluff City of Oakbrook Terrace _| Village of Vernon Hills
City of Darien City of Lake Forest Village of Olympia Fields Village of Villa Park
City of Decatur Village of Lake in the Hills Village of Palatine Village of Wauconda
Village of Deerfield Village of Lake Zurich City of Palos Heights City of Waukegan
City of Des Plaines Village of Libertyville City of Palos Hills Village of Westchester
City of East Moline City of Lockport City of Palos Park Village of Western Springs
City of Elgin Village of Lombard City of Paris Village of Wheeling
Elk Grove Village Village of Long Grove City of Peoria Village of Winnetka
City of Elmhurst City of Loves Park Village of Pingree Grove City of Wood Dale
Village of Flossmoor Village of Lynwood City of Prospect Heights Village of Woodridge
City of Freeport City of Marengo Village of Riverside United City of Yorkville
City of Galesburg Village of Maywood City of Rock Island City of Zion
LITIGATION AND BANKRUPTCY
Speer is not currently the subject of any litigation, nor has it been the subject of any litigation over the
past five years. There have been no bankruptcy filings by Speer over the past five years.
EF Speer Financial, Inc. 4
INDEPENDENT MUNICIPAL ADVISORS

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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
2. An organization chart or description indicating the anticipated roles and
responsibilities of the project team who would be working with the City.
FINANCING TEAM
Speer will provide a team of finance professionals to serve the City. A financing team provides a
coordinated distribution of responsibilities in the planning and issuance of the City’s securities. The
financing team will be composed of Anthony Miceli, Senior Vice President, and Mark Jeretina,
Senior Vice President. Mr. Miceli will serve as the primary contact to the City, while Mr. Jeretina will
serve as a secondary contact.
The financing team has a combined 21 years with Speer Financial and are a part of the third generation
of owners. Speer’s team approach assures that someone familiar with the City is available at all times.
Our team approach provides us with the extra flexibility to meet with City staff and officials at your
convenience without unnecessary delays. The team approach also enables varied perspectives to
surface in the planning phase and for specialization within the financing team.
Contact information and biographies for each financing team member are listed below.
Mr. Anthony Miceli Anthony F. Miceli, Senior Vice President, Director and Owner.
Senior Vice President Certified Independent Public Municipal Advisor by National
(312) 529-5881 Association of Municipal Advisors. Qualified Municipal Advisor
amiceli@speerfinancial.com Representative (Series 50) and Qualified Municipal Advisor Principal
(Series 54) with the Municipal Securities Rulemaking Board. B.S.,
North Central College, Naperville, IL, with majors in both Finance and Economics. Nearly 15 years of
experience in public financing, previously serving as a Vice President in the public finance department of
a Milwaukee, WI based investment banking and financial services firm. Member of the Illinois
Government Finance Officers Association. Clients include numerous counties, cities, villages, park
districts, schools and other special districts. Has been employed by Speer Financial since 2013.
Mr. Mark Jeretina Mark Jeretina, Vice President, Director and Owner. Certified
Senior Vice President Independent Public Municipal Advisor by National Association of
(312) 529-5887 Municipal Advisors. Qualified Municipal Advisor Representative
mieretina@speerfinancial.com (Series 50) with the Municipal Securities Rulemaking Board. B.S.
DePaul University, Chicago, Illinois with a major in Finance and a
minor in Economics. Prior experience in equity trading and research with a private Chicago based firm.
Member of the Illinois Government Finance Officers Association. Clients include numerous counties,
cities, villages, park districts, schools and other special districts. Has been employed By Speer
Financial since 2010.
Each of the Speer professionals assigned to the City holds a Series 50 municipal advisor license from
the Municipal Securities Rulemaking Board (MSRB) and has completed numerous general obligation
bond, general obligation limited bond, debt certificate and other debt financings.
A Speer Financial, Inc. 5
INDEPENDENT MUNICIPAL ADVISORS

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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
3. Three references from the last five years demonstrating experience working with
municipalities. Include the following information: a description of each project,
client name and contact information including email address, scope of services
delivered by your firm, duration of service and the final fee for each project.
REFERENCE 1 — VILLAGE OF HOFFMAN ESTATES, ILLINOIS Speer was hired as municipal advisor to the
Village of Hoffman Estates in January of 2015 through a request for proposals process. The Village’s
General Obligation Bonds, Taxable Series 2005A were callable beginning December 1, 2015. Speer
and the Village reviewed the Village’s financing plans for the calendar year and the Village decided to
move forward with the refunding of its Series 2005A Bonds immediately with a sale in the spring of 2015
in order to take advantage of the current market and lock in the currently attractive savings levels. The
Village had chosen targeted savings levels that it wanted to achieve in the first ten years in order to
alleviate some potential financial pressure expected to be caused by the State of Illinois.
Speer prepared a detailed timeline, engaged deal participants, assisted the Village in selecting an
underwriting team, coordinated on-site meetings with both Moody's and S&P and assisted the Village in
the preparation of ratings presentation materials. During the week of pricing, market reactions to the
potential default in Greece and a high volume of debt coming to market caused an increase in interest
rates, specifically treasury rates to which taxable bonds are indexed. The transaction was initially
delayed; however, the following week the City of Chicago’s Moody’s rating downgrade to “Ba1” had
widespread effect on investor demand for Illinois issuers, causing credit spreads to widen and potential
savings to deteriorate further. While savings were still above typical refunding thresholds, Speer and the
Village made the decision to pull the transaction and retry the market later in the year.
By mid-summer credit spreads began to decrease and the lead underwriter presented a proposal to
move forward with the transaction at improved interest rates. Speer analyzed the refunding and
determined that the improvement in rates had come in the short end of the yield curve and that the
longer term bonds were still unattractive to refund at this point. Speer recommended that the Village
move forward with the partial refunding of the Series 2005A Bonds, taking advantage of the low short to
medium-term interest rates and creating the near term savings the Village desired. In August of 2015,
the Village issued its $23,415,000 Taxable General Obligation Refunding Bonds, Series 2015A saving
over $1.8 million in debt service worth over $1.6 million on a present value basis or 7.3% of refunded
principal.
Speer continued to monitor the municipal market and the remaining portion of the refunding. In October
of 2015, the Village was able to complete its $21,905,000 Taxable General Obligation Refunding Bonds,
Series 2015C to refund the remaining Series 2005A Bonds. This refunding saved the Village over $1.5
million in debt service worth over $1.1 million on a present value basis or 5.3% of refunded principal.
The decision to split the issues resulted in an additional $1.33 million in savings to the Village versus the
proposed full refunding in the mid-summer of 2015.
Speer has continued to serve the Village of Hoffman Estates since 2015, serving as municipal advisor
on issues in 2016, 2017, 2018 and 2019 for a total par amount of over $62 million.
Most recently, in 2019, Speer assisted the Village with the private placement of its $9,625,850 General
Obligation Bonds, Series 2019. The 2019 Bonds were being issued pursuant to a performance contract
with Siemens. When Siemens first approached the Village with the performance contract, they had
proposed financing the project through a lease agreement with the Village. Speer worked with the
Village in reviewing the lease financing proposals and determined that neither the rates offered nor the
terms offered to the Village were in its best interest. Speer put together a financing plan to privately
place the issuance, in order to move quickly into the market and provide the Village with a low cost of
capital while avoiding the delays of a public sale. The Village received three bids from banks on the
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
direct placement, with the best bid coming in at 2.159%, without any additional costs of rating fees or
underwriting fees.
Rachel Musiala
Director of Finance/Interim Village Manager
Village of Hoffman Estates
1900 Hassell Rd
Hoffman Estates, IL 60169
(847) 843-4802
Rachel.musiala@hoffmanestates.org
REFERENCE 2 — VILLAGE OF NORTHBROOK, ILLINOIS Speer was hired as municipal advisor to the Village
of Northbrook in February of 2016 through an interview process. Since that time, Speer has worked with
the Village on five bond issues with a total aggregate par amount of $61,710,000.
Prior to the 2019 bond issuance, the Village had been placed on negative outlook by Moody’s Investors
Service. The negative outlook by Moody’s was related to the funding levels of the Village’s public safety
pension plans. The Village worked to address Moody's concerns on its pension funding practices by
dedicating a portion of its ambulance fee revenue to public safety pensions, as well as increasing its tax
levy to fund at the Moody's “tread water” level. For the 2019 transaction, Speer worked closely with the
Village to prepare a detailed presentation to Moody's, highlighting the Village’s updated pension funding
practices, as well as the Village’s overall extremely strong credit quality. The Village’s negative outlook
was subsequently removed and its Aaa Moody's rating was affirmed.
The Village competitively sold its $13,255,000 General Obligation Bonds, Series 2019 on October 22,
2019. The Bonds provided for $11.8 million in new money to the Village as well as over $200,000 in
debt service savings through the refunding of an existing series of bonds. The Village received 11 bids
from six bidders through an open auction process, with the best bid at a final rate of 2.49%.
In 2020, Speer assisted the Village with the sale of its $2,025,000 General Obligation Refunding Bonds,
Series 2020. The Bonds were issued to refinance its existing General Obligation Bonds, Series 2011 for
debt service savings. Given the size and term of the transaction, Speer conducted a competitive bid to
local and regional banks, eliminating the need for an official statement, bond rating and underwriter.
The Bonds were successfully sold to Wintrust Bank at a final rate of 1.35%, saving the Village over
$277,000 in total debt service, worth $255,000 in present value savings or 12.7% of refunded principal.
lwona Petryszak
Chief Financial Officer
Village of Northbrook
1225 Cedar Lane
Northbrook, IL 60062
(847) 664-4032
lwona.petryszak@northbrook. il.us
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
REFERENCE 3 — VILLAGE OF BUFFALO GROVE, ILLINOIS Speer has served as municipal advisor to the
Village of Buffalo Grove since 1987. Most recently, Speer served on the Village’s issuance of
$18,530,000 General Obligation Bonds, Series 2022.
In 2019, the Village’s updated capital improvement plan called for a significant investment in the
Village’s infrastructure over the next several years. The Village and Speer had worked closely to create
a debt strategy which allowed the Village the funds it needed for upcoming capital needs, while
balancing out the future debt service impact, keeping a majority of the new debt service supported by
revenue sources other than property taxes. The debt model called for a series of bond issuances over
the next decade, supported by a mixture of water revenues and fixed water fees, motor fuel taxes, TIF
Revenues and facility rent.
For the Village’s 2020 Bonds, the Village and Speer began the issuance process in late 2019 with the
goal of issuing bonds in the first quarter of 2020. In February of 2020, the municipal bond market had
been experiencing all time low interest rates, and the Village was primed to issue in early March. A
week before the issuance, the COVID 19 pandemic swept the municipal market and totally eliminated all
liquidity available to issuers. Speer recommended that the Village pull the sale and monitor the market
until we saw improvement. From March through April, market conditions remained unfavorable for a
bond offering. Speer looked into other avenues for liquidity for the Village, including lines of credit and
private placement options for the bonds. Toward the end of April, investors started to slowly come back
to the municipal bond market and liquidity improved, especially for high credits, such as the Village.
After a small number of issues were successfully priced in the market, we finalized our offering
document and set a sale date of May 4, 2020. Speer worked closely with the Village to monitor the
market and was ready to pull the issuance once again if conditions deteriorated.
On May 4, 2020, the Village competitively sold its $24,000,000 General Obligation Bonds, Series 2020.
The Bonds provided for $26.4 million in new money to the Village. The Village received 47 bids from 10
bidders through an open auction process, with the best bid at a final rate of 2.28%.
The second part of this financing plan was the issuance of $18,530,000 in General Obligation Bonds to
finance the construction of a new public works facility. While the Village worked on securing the land for
the new facility, Speer worked closely with the Village’s finance department on several bond financing
scenarios over the course of a year. With market volatility increasing in 2022, Speer kept the Village
apprised of current rates and expectations. In August of 2022, we found a short window of opportunity
to competitively sell the bonds, while the municipal market was beginning to strengthen and before rates
increased again in September of 2022.
On August 15, 2022, the Village competitively sold its $18,530,000 General Obligation Bonds, Series
2022. The Village received 39 bids from 7 bidders through an open auction process, with the best bid at
a final rate of 3.49%.
Chris Black
Director of Finance
Village of Buffalo Grove
50 Raupp Boulevard
Buffalo Grove, Illinois 60089
(847) 772-4658
cblack@vbg.org
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
REFERENCE — CITY OF NAPERVILLE: In February of 2016, Speer was initially hired as municipal
advisor by the City through a RFP process. Speer’s contract was subsequently extended to the
maximum limit as authorized by the City’s contract, through 2019. In 2020, Speer was again hired by
the City to serve as municipal advisor through a RFP process.
In March of 2016, Speer began working on City’s General Obligation Bonds, Series 2016 (the “2016
Bonds”). The 2016 Bonds were being issued to provide for the refunding of the City’s General
Obligation Bonds, Series 2008 and General Obligation Bonds, Series 2009, and provide for $15 million
in new money for various capital projects. Below we list several notable highlights from our service to
the City on its 2016 Bonds:
e Speer created a detailed financing plan for the issuance of the 2016 Bonds. Separating
each portion of the financing by purpose and payment source.
e Speer worked to smooth the debt service pattern for each payment source, shorten a
portion refinancing and build in a plan for future new money issuances.
e Structured the financing within the amortization goals set by the City.
e Appointed an outside paying agent bank to serve the City, alleviating administrative
burden on the City staff and worked with the City staff to transition prior deals to a paying
agent bank.
e Prepared a full rating presentation for both Moody's and S&P. Organized in person rating
agency meetings in each agency’s office in Chicago.
¢ Competitively sold $61,605,000 General Obligation Bonds, Series 2019 with a final true
interest cost of 2.02% with a twenty year term.
e Over $5 million in present value savings on the refunding portion of the financing.
Speer has continued to serve the City through two extensions of our original contract, issuing bonds in
2017 and 2018, and providing ongoing debt advisory related services as needed.
In 2020, under our new municipal advisory contract, Speer worked with the City on its General
Obligation Bonds, Series 2020. The bonds were issued to finance $16 million in capital projects, and
provide for the refunding of the City’s 2010A, 2010B and 2011 Bonds. The Bonds were successfully
sold in October of 2020, with a true interest cost of 1.76%, resulting in total debt service savings on the
refunding issues of over $2 million.
Rachel Mayer
Director of Finance
City of Naperville
400 South Eagle Street
Naperville, Illinois 60540
(630) 420-6052
mayer@naperville.il.us
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
Seen nn cc
REFERENCE — VILLAGE OF CARPENTERSVILLE: In July of 2019, Speer was hired as municipal advisor by
the Village of Carpentersville through a RFP process. In April of 2020, Speer and the Village kicked off
the General Obligation Refunding Bonds, Series 2020 (the “2020 Bonds”). The 2020 Bonds were being
issued to provide for the refunding of the Village’s Taxable General Obligation Bonds, Series 2010B.
Over the past several years, the Village Board has directed staff to maintain an overall flat debt service
levy. The Village’s existing debt service was continuing to grow, diminishing the tax dollars available to
operations in future years. Speer met with the Village Board and staff to present several
refunding/restructuring options aimed at lowering and leveling annual debt service which is paid by the
property tax levy, allowing for additional dollars for annual operations, under a self-imposed flat tax levy.
In September of 2020, Speer and the Village competitively sold its issuance of $10,995,000 General
Obligation Refunding Bonds, Series 2020. The 2020 Bonds resulted in total savings of $2.2 million,
worth $2.095 million on a present value basis, or 16.5% of refunded par. Debt service was structured to
achieve a flat debt service levy over the life of the Village’s outstanding debt, reducing the annual debt
service levy commitment between $200,000 and $500,000 annually.
Tanya Walker
Assistant Director of Finance
Village of Carpentersville
1200 LW Besinger Drive
Carpentersville, IL 60110
(224) 293-1631
twalker@cville.org
REFERENCE — VILLAGE OF SHOREWOOD: In October of 2019, Speer was hired as municipal advisor by the
Village of Shorewood through an interview process. We began our engagement with the Village by
assisting the Village in the cash defeasance of its only existing debt, the General Obligation Bonds,
Series 2011.
In 2021, Speer worked with the Village on the sale of its General Obligation Bonds, Series 2021 for the
construction of its new public works facility. Speer ran various financing scenarios for the Village’s
consideration over the course of a year. Once the transaction officially kicked off in the spring of 2021,
Speer designated a timeline and distribution list to the working group, prepared the official statement
and began to prepare the Village for the rating agency meeting. Speer adjusted the issuance timeline to
account for changes to the project schedule, timing the issuance of the bonds to the project construction
bids.
On July 27, 2021, the Village sold its $14,200,000 General Obligation Bonds, Series 2022, to provide
$14,875,000 in project proceeds for the construction of the new public works facility. The Village
received 21 bids from 5 bidders through an open auction process, with the best bid at a final rate of
1.798%.
Anne Burkholder
Finance Director
Village of Shorewood
One Towne Center Blvd.
Shorewood, Illinois 60404
(815) 741-7707
aburkholder@vil.shorewood. il.us
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
ADDITIONAL REFERENCES
Below please find six additional client references for similar clients to the City which Speer has recently
served. We are happy to supply additional references upon request.
Speer Financial, Inc.
Client References
Mr. Thomas Kuehne Ms. Dorothy Wisniewski Ms. Debra Nawrocki
Finance Director Director of Finance Chief Financial Officer
Village of Arlington Heights City of Des Plaines City of Elgin
33 S. Arlington Heights Rd 1420 Miner Street 150 Dexter Ct.
Arlington Heights, IL 60005 Des Plaines, IL 60016 Elgin, IL 60120
Phone: (847) 368-5510 Phone: (847) 391-5317 Phone: (847) 931-5624
tkuehne@vah.com dwisniewski@desplaines.org nawrocki_d@cityofelgin.org
Mr. Paul Mehring Ms. Lisa Happ Mr. Brad Wilson
Finance Director Finance Director Finance Director
Village of Palatine Village of Schaumburg City of Wood Dale
200 East Wood Street 101 Schaumburg Ct. 404 North Wood Dale Road
Palatine, IL 60067 Schaumburg, IL 60193 Wood Dale, IL 60191
Phone: (847) 359-9018 Phone: (847) 823-4532 Phone: (630) 766-4900
pmehring@palatine.il.us lhai ci.schaumburg.il.us bwilson@wooddale.com
4. Pricing proposal for services covered by this RFP
Speer has served municipal entities throughout the state of Illinois for over 60 years and we have
done so by providing a high level of service and expertise at a fair price. We welcome the
opportunity to provide our professional services to the City as its municipal advisor.
This proposal is for our professional services only and does not include the expenditure of any funds on
behalf of the City. The City is to pay all of its own ordinary expenses in connection with a bond issue.
These include, but may not be limited to, professional services (attorney, bond counsel, architect,
engineer and auditor), credit enhancement (rating, insurance, letters of credit), delivery (postage,
express mail, fax service), publication/printing fees (official statement, notice of sale, bid forms, report
duplication), bidding vehicles (SpeerAuction.com or SpeerBids.com) and transaction costs (CUSIP,
registration/paying agent).
Our fee for security sales is payable from sale proceeds. Our fee for each sale is calculated as follows:
Municipal Advisory Services: $5,000 plus 2/10 of 1% of the
municipal securities issued in excess
of $1,000,000 up to $10,000,000 and
1/10 of 1% of the municipal securities
issued above $10,000,000.
Our fee is the same for competitive and negotiated sales. Our recommendation on the method of sale is
based on the best interests of the City and is not influenced by our fee. The fee is due upon the sale of
the debt instrument and payable upon receipt of proceeds. Should the debt not be sold, there is no
obligation to pay our fee.
The typical transaction expenses which pass through Speer Financial and are reimbursed by the issuer
are listed above and are estimated as follows:
SB Speer Financial, Inc. ll
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Financial Advisory Proposal:
City of West Chicago, Illinois
September 30, 2022
— eee
POS/OS Printing, Copying, Postage and Delivery: $600 (Assuming a printer is not hired separately)
Auction Platform (Competitive Sales): $2,500-$3,750 (depending on the size of the issue)
Good Faith Escrow Services (Competitive Sale): $250
Term Sheet Posting and Speer Bids
(Private Placement Bond Sales Only): $350
Unlike many of our competitors, Speer has the capability to produce the Official Statement or
offering document for the City and will not charge an additional fee for this service. Many of our
competitors will require the City to hire an outside disclosure counsel to serve in this capacity.
While Speer would never discourage the use of disclosure counsel on a public bond sale, Speer
does not require an issuer engage a disclosure counsel and if engaged, Speer’s production of
the offering document will generally lower the cost of disclosure counsel.
CONTINUING DISCLOSURE SERVICE FEE
At the sole option of the City, Speer can provide bond Continuing Disclosure Services to the City at the
following annual rate:
Annual Preparation of Financial Information and
Filing of Operating Data and Audited Financial
Statements on EMMA: $1,000.00 (waived in the
first year)
EF Speer Financial, Inc. 12
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EXHIBIT “B”
SCOPE OF SERVICES
(1) Consults with the City Council, Finance Committee, City Administrator and Finance Director
from time to time as required, and provides independent financial advice based on the best
interest of the City.
(2) Prepare and delivers presentations designed to facilitate an understanding of public sector
financing and its implications to the City Council and other governing boards as may be
deemed necessary.
(3) Provide guidance to the City on debt issuances included in Redevelopment Agreements.
(4) Manages the debt financing process, including such projects associated with Federal or State
special debt financing programs.
(5) Evaluates the City’s debt structure, financial resources and projected cash flow from revenue
sources to determine borrowing capacity for current and future capital financing requirements.
Regularly evaluates future outstanding debt for refinancing opportunities.
(6) Works with the City’s bond counsel and financing team in recommending size, structure,
amortization schedule, interest payment dates and call features of a debt issue. Presents
information and makes recommendations on timing and method of marketing.
(7) Assists the City in the selection of the financing team, including preparing a list of services
required of an underwriter, trustee, verification agent and other professionals as needed for a
debt issuance.
(8) Prepares, in cooperation with bond counsel, an official statement, notice of sale and bid form,
and distributes them to all prospective underwriters and investors.
(9) In preparation for bond issues, gathers all pertinent financial statistics and economic data, such
as debt repayment schedules, tax rates, and overlapping debt that would affect or reflect on the
City’s ability and willingness to repay its general obligation bonds.
(10) Manages competitive or negotiated sales process. Arranges for advertising and pre-
marketing of bond issues. Represents the City at the bid opening for a public sale and analyze
such bids, identify the most favorable bid and make a recommendation as to award of the bid.
Acts as the City’s agent if bid negotiations are required. After the bid is awarded, prepare an
actual debt service table based on accepted coupon rates.
(11) Assists in obtaining bond ratings for new issues from rating agencies, including ensuring
that they have all the information and data they require to properly evaluate the City’s
creditworthiness. Attends credit rating agency meetings with City representatives.

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(12) Reviews all legal documents associated with debt financing or other related matters.
(13) Prior to the issuance of revenue bonds, determines if coverage ratios are adequate,
appropriate user charges are in place to retire the debt, and estimates revenue flows for projects
to be finalized.
(14) Assists the City in closing the financing, which includes assistance in selecting a bond
printer and in advising the City on the investment of bond proceeds prior to expending such
proceeds.
(15) | Advises the City’s financing team on areas of specific industry knowledge that may affect
the financing and marketing of municipal debt.
(16) Provides support in preparation of the City’s annual audit, which includes gathering all
pertinent financial statistics and economic data, such as debt repayment schedules, tax rates
and overlapping debt.
(17) Helps with the coordination of printing, signing and delivering the bonds.

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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: 5. A.
DuPage Senior Citizens Council — Request for Additional a
Funding FILE NUMBER:
COMMITTEE AGENDA DATE: 4/28/2022
and 10/27/2022
COUNCIL AGENDA DATE:
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE.
ITEM SUMMARY:
Back when | first started working for the City, the City Council annually distributed about $100,000+ in
grants to local agencies like CableCom (this was always a huge debate), WAYS, DuPage Senior Citizens
Council and more. In 2021, staff was directed to end this grant distribution, but for the DuPage Senior
Citizens Council, and $10,000 was to be annually allocated in the Budget for this agency, which staff has
done.
Every year, reps from the Council provide the required end of year report on its activities in West
Chicago, which is included in my monthly/weekly update; each year, there is an ask for more than
$10,000, but staff has kept with the initial direction of only budgeting for the $10,000.
Upon reflection, it would be appropriate for the Finance Committee to affirm or change that direction, and
it shouldn’t be presumed that the status quo would remain. A copy of this year’s summary and ask is
attached. | did not invite reps from the Council to attend the Finance Committee meeting, but will do so if
that is desired for a future meeting.
At its April meeting, the Finance Committee directed staff to invite a representative from the DuPage
Senior Citizens Council to attend its next meeting. Two questions were asked to be answered, which
was done and in the attachment.
STAFF RECOMMENDATION:
Direction to staff as to whether or not more than $10,000 annually should be granted to the DuPage
Senior Citizens Council.
COMMITTEE RECOMMENDATION:

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(1) How did the DSSC spend West Chicago’s $10,000 contribution in 2020 and 2021 during
the height of the pandemic? Our Home Delivered Meals services was deemed an
“essential service” so DSCC never closed. We have remained open throughout the entire
pandemic and in fact, have seen a 40% increase in meal requests due to food insecurity
relating to Covid. We used West Chicago’s contribution as we regularly do, to support
the cost of providing this service.
(2) What is DSSC’s ask of other DuPage County communities over the last ten years and
how much have or are each contributed over this period. DSCC provides each
municipality in DuPage County an overview that shows 1) number of seniors we serve in
their specific community, 2) the revenues we receive from Federal, State funds and client
donations specific to that community, and 3) the resulting cost gap. Most DuPage
communities contribute an amount close to the cost gap i.e. Lombard, Westmont,
Wheaton, Elmhurst, Naperville, one contributes more than the cost gap i.e. Warrenville,
some contribute a token amount, and a few unfortunately do not contribute. Interestingly,
those include the most and lease affluent i.e., Hinsdale, Oak Brook, Addison,
Bensenville.

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fr ouvase Senior @izens Council
y \ Providing Mecks and More...
WL_/ EXPERIENCEN
March 23, 2022
Mayor Rueben Pineda
City of West Chicago
475 Main Street
West Chicago, !L 60185
Dear Mayor Pineda,
Every community has a vulnerable senior population that needs us. These elderly persons have earned
respect and deserve to live with dignity; however, many of them have become frail or otherwise lack the
resources to provide for their own needs and rely on others for help — it is our responsibility to do what
we can to help them.
After two years of maneuvering through the challenges of the Covid-19 Pandemic, we salute you and
the Village of West Chicago for all you have done for the residents.
We are happy to report that as your partner, the DuPage Senior Citizens Council (DSCC) never missed a
beat during these extremely difficult years either. We adjusted our services to accommodate social
distancing and lack of resources. We focused on the 40% increase in the number of older adults
requiring our services to ensure that no West Chicago senior fell through the cracks.
Our Partnership with West Chicago
For over 40 years, DSCC has been serving the needs of seniors in DuPage County with Home Delivered
Meals, Well-Being Checks, Minor Home Repairs, and other needed services. Our dedicated staff and
volunteers meet the needs of seniors in West Chicago day in and day out.
Our Investment in West Chicago
In West Chicago, last year alone, DSCC invested over $113,110 in serving seniors in need. However, that
investment is greater than the amount of funds that are available for West Chicago, which means we
have a shortfall. This shortfall will continue to increase as the aging population increases.
Our Plan
The strategic plan for DSCC includes continued investment in West Chicago so that the growing needs of
the senior population can be met.
Here is how you can help DSCC and seniors in West Chicago:
e@ Continue with your support and investment in DSCC.
@ Become more aware of how DSCC cares for seniors in West Chicago.
@ Get involved with DSCC as a partner and as an advocate.
Agency o
Y
AGINC
Raa ST NN I

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Page |2
As you continue to partner with DSCC, you continue to take an active role in your commitment to your
senior residents. Knowing that DSCC has been consistently supporting West Chicago through the years
should assure you that your financial support has multiplied many times over.
Being a consistent partner with DSCC, you can be assured that seniors who are in need will have access
to our programs and services that will help them live independently in West Chicago. Without proper
funding, the services that seniors depend on will be reduced or eliminated.
Please review our request for funding for continued services for senior residents in West Chicago.
Thank you,
cc: Michael Guttman, City Administrator
Valeria Lopez, Deputy City Clerk/FOIA Officer
Aldermen
encl: Attachment A —Request for Funding & Support Overview
Attachment B — DSCC Services & Statistics - Village of West Chicago

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Page |3
Attachment A
Request for Funding & Support Overview
During the past year, DSCC invested over $113,110 to serve the senior residents in West Chicago.
However, we only received grants, donations, and funding that covered $88,760, leaving us with a
$24,350 deficit for West Chicago.
DSCC historically receives grant awards from Federal and State sources that cover approximately half of
our overall funding. That is why support from municipalities is needed so we can maintain service levels
for the increasing number of seniors and avoid cutting critical life-saving components.
The chart below shows the breakdown of the funding and donations designated for West Chicago
specifically.
Cost Analysis - West Chicago
Senior Residents (60+) All Programs
DSCC Fiscal Year 2021 (10/1/20 - 9/30/21)
Sentors' Donations
$12,670
Cost Gen ’ 11%
$24,350
21%
Federal Funding
$34,550
31%
State Funding
$41,540
37%
Projections for 2022/2023 indicate that more funding is needed to support the seniors we are
currently serving, plus the huge increase of additional seniors needing services.

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West Chicago has supported DSCC in the past. Below is a chart of the support we have received in the
past.
aie Ba
We
FY 2016
FY 2017
FY 2018
FY 2019
FY2020
FY2021
FY2022
FY2023
FY2024
Supporting DSCC/West Chicago Seniors in 2022-2023.
The services that we provide to seniors in West Chicago have been consistent. To continue the service
level and meet the growing needs of the seniors, we are asking for your partnership and
continued/constant financial support.
To help offset the shortfall projected for 2022-2023, we are asking for an increase in support —- we
need your assistance to help fill as much of the $24,350 cost gap as possible.
We truly value the seniors we serve in West Chicago, and we look forward to working closely with you in
2022-2023.
If you have any questions or need additional information, don't hesitate to contact me directly at 630-
620-0804, press 4, then 7; 630-546-0626, cell; or email Marylin.Krolak@DupageSeniorCouncil.org.

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Attachment B
DSCC Services & FY2021 Statistics - Village of West Chicago
DSCC and About Those We Serve
DSCC is a non-profit agency committed to seniors and operates several programs, including the Meals
on Wheels program in DuPage County. Since starting in 1975, our mission has been to promote the
ability of elderly persons to live in dignity with as much independence as possible.
Most of our clients are homebound seniors who live alone, and nearly 99% of them are at or below the
poverty level. DSCC is a safety net for many individuals who might not otherwise eat a meal during the
day, have someone to help with a task or have someone to check in on them. Below are a few of the
services that seniors in West Chicago depend on the most.
DSCC Services
Home Delivered Meals and Shelf Stable Meals
Our Home Delivered- Meals on Wheels program delivers hot/fresh meals each weekday to frail and
homebound seniors in West Chicago by DSCC staff and volunteers. Additional Shelf Stable meals are
delivered monthly. All meals served are balanced, nutritious, and meet special dietary needs such as low
salt, vegetarian, or diabetic. Each meal is equivalent to 1/3 of the Dietary Reference Intake for adults 60
and over.
e We delivered 10,220 meals to 140 unduplicated seniors in West Chicago last year.
Health and Wellness Education
Keeping seniors informed about issues and topics that are relevant to them is important. COVID-19
education was paramount, along with a variety of educational information given directly to seniors
through mailings, direct delivery, and friendly phone calls from our volunteers and staff to our
homebound seniors. As seniors become aware of preventive measures and helpful topics, they stay safe
and improve their health.
e We educated approximately 140 senior residents each month in West Chicago last year
Well Being Checks and Emergency Follow-Ups
Every senior who receives a service from us also receives a Well Being Check, which allows DSCC to
observe any changes in a senior's physical or mental health or physical surroundings. We provide this
service and maintain social distancing protocols. This extra step has resulted in several documented
cases where staff and volunteers have saved lives by finding a fallen or injured senior or uncovered a
dangerous household situation.
When we find a senior is not at home when they should be, our Emergency Follow-Up procedure allows
crucial collaboration between the West Chicago police and fire departments to ensure every senior is
safe and accounted for. These Well Being checks and Emergency Follow-Up procedures provide real
cost-savings to West Chicago compared to the cost to dispatch an EMT service.
e We performed over 7,300 Well Being Checks and Emergency Follow-ups for seniors in West
Chicago last year.

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Friendly Phone Calls & Assistance
Social Isolation and a decline in mental health are currently significant concerns. We converted our
Friendly Visit to a Friendly Phone Call service to help seniors with companionship and socialization
through this difficult year. Seniors sometimes need someone to talk to. Our volunteers take the time to
interact and engage with seniors who could benefit from a friendly call.
e We performed 225 hours of Friendly Phone Calls & Assistance for seniors in West Chicago last
year.
Home Maintenance Program (adjusted to provide social distancing)
Living alone as a senior has its challenges, and everyday tasks can be impossible or dangerous for
seniors. DSCC's Home Maintenance program provides low-cost minor home repairs to assist older
persons with basic home responsibilities associated with daily living. Home repairs include repairing or
replacing leaky faucets or toilets, light fixtures, locks, or deadbolts. Additional services that enhance a
senior's safety and security include installing bath benches, grab bars, and non-slip strips and repairing
and reinforcing walkway steps and stair railings. In cases where homes require larger repair services,
DSCC also offers estimates and provides contractor referrals to seniors. These services help seniors stay
in their homes longer.
e We performed over 15 Minor Home Repairs & Yard Clean Up Services to seniors living in West
Chicago last year.
‘
Due to COVID-19, DSCC adjusted our services to accommodate social distancing and focused on the 40%
increase in the number of older adults that required our help. DSCC provided additional shelf-stable
meals to all of our Meals on Wheels clients and created Drive-Thru Food Events at various locations
throughout DuPage County to reach older adults that were not part of the Home Delivered Meals
service but were prone to food insecurity.