===== PDF PAGE 39 ===== [Extraction: OCR (rendered-page OCR)] CITY OF WEST CHICAGO FINANCE COMMITTEE AGENDA ITEM SUMMARY ITEM TITLE: AGENDA ITEM NUMBER: _@.4#.+ 2. Resolution No. 25-R-0020 — IMRF ERI Program FILE NUMBER: Resolution No. 25-R-0021 — Amortization Schedule COMMITTEE AGENDA DATE: 03/03/2025 COUNCIL AGENDA DATE: 03/17/2025 STAFF REVIEW: SIGNATURE APPROVED BY CITY ADMINISTRATOR: SIGNATURE ITEM SUMMARY: During early conversations about the State’s elimination of the grocery tax, one of the options available to the City to help address the approximately $425,000 shortfall is to approve an early retirement incentive, replacing any vacated positions at salaries/benefits at least 80% of what they are today. While it is clear that this Program will save the City money in the long-run, the amount will not be known until the organization knows who, if anyone, will take advantage of this Program. If the Program is adopted, management will be talking with any eligible employees about the details to gauge interest in participation. Attached is more information about the Program, including a Resolution setting the one-year window at June 1, 2025 through June 1, 2026, as well as a Resolution establishing an amortization schedule; staff is recommending that a ten-year schedule be adopted, with the City Council always able to pay any outstanding amounts earlier. The City approved the same Program in 2002, with six employees taking advantage of the Program at that time, and also with the City paying off its responsibility earlier than the chosen ten-year window. STAFF RECOMMENDATION: Consideration of Resolution Nos. 25-R-0020 and 25-R-0021. COMMITTEE RECOMMENDATION: The Finance Committee recommends approval of Resolution Nos. 25-R-0020 and 25-R-0021. ===== PDF PAGE 40 ===== [Extraction: OCR (rendered-page OCR)] ORDINANCE NO. 25-0-0007 Trem # &.5, AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF WEST CHICAGO - CHAPTER 3, SECTION 3-12 (C) INCREASING CLASS C-4 (THE PRIDE OF WEST CHICAGO) LIQUOR LICENSE WHEREAS, the Illinois Liquor Control Act, 2351LCS 5/4-1 et seg., authorizes municipalities to determine the kind and classification of liquor licenses; and WHEREAS, the City Council of the City of West Chicago has determined that it is appropriate to amend the Class C-4 Liquor License category (The PRIDE of West Chicago) by increasing the number of licenses from 1 to 2. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST CHICAGO, ILLINOIS, INREGULAR SESSION ASSEMBLED AS FOLLOWS: SECTION 1. That Section 3-12 (c) “Records, number of licenses” is hereby amended as follows: "(c) There shall be no more than the following number of licenses issued for each class: SECTION 2. 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. SECTION 3. That this Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. PASSED this 17" day of March 2025. Alderman D. Beebe Alderman J. Sheahan Alderman A. Hallett Alderman M. Birch Ferguson Alderman J. Smith, Jr. Alderman R. Stout Alderman J. Morano Ordinance 25-O-0007 Page 1 of 2 Alderman L. Chassee Alderman H. Brown Alderman C,. Dettmann Alderman S. Dimas Alderman C. Swiatek Alderman J. Short Alderman John F. Banas ===== PDF PAGE 41 ===== [Extraction: OCR (rendered-page OCR)] APPROVED as to form: City Attorney APPROVED this 17" day of March 2025. Mayor Ruben Pineda ATTEST: Valeria Perez, Executive Office Manager PUBLISHED: Ordinance 25-O-0007 Page 2 of 2