The Board Review:
The Board of Trustees met on Tuesday, August 11, 2015 and had an agenda which included a presentation by Special Counsel Matt Welch regarding Phase I of Stony Creek Promenade, a Certified Audited Financial Report by Mc Gladrey, new rules for large medical offices, actions on rental properties in Oak Lawn, security camera upgrades and modifications to a family business in operation in Oak Lawn since 1955.
Here are a few highlights from the meeting:
Special Counsel Matt Welch gave a presentation on the recent sale of Phase I of Stony Creek Promenade and answered questions of the board. He stated, “I don’t think you can deny that this has become an anchor of the community and (the Village) turned something that had excessive vacancy into (what is) now a vibrant area...” Also he stated “We are projecting confidently that this loan can be paid off within 15 years,” which is well under the 23 years permitted by state statute.
Every year the Village of Oak Lawn undergoes a highly detailed financial audit. Accounting firm Mc Gladrey attended the Board Meeting to present their findings. They presented an unmodified opinion, which is the highest level of assurance possible. They stated that this is a “good, clean opinion” of Village finances.
This year’s audit began in October of 2014 and concluded in the middle of May, 2015. The final report was presented in July to complete audit process. The Village is seeking a Certificate of Achievement for Excellence in Financial Reporting (CAFR Program) from the Government Finance Officers Association (GFOA) this year.
The Village Board acted on a recommendation from the Planning and Development Commission to require all new medical buildings in excess of 6,000 square feet on 95th Street or Cicero Avenue to require a special use permit. This not only allows for compliance with the 95th Street Corridor Plan, but is a natural incentive for new medical offices to consider locating to 87th Street, Southwest Highway, Pulaski, Ridgeland or 111th Street. This will help keep the center of Oak Lawn vibrant.
The Village Board desires to ensure that all rental properties in Oak Lawn be safe and compliant with local ordinances. Rental properties have grown in number due to the volatility of the real estate market and residents want assurances that these properties are maintained and inspected. The Village’s current inspectors are simply not able to meet the rental inspection needs while continuing their regular work, so an inspection proposal from B & F Construction Code Services, Inc. was accepted and they will begin inspecting rentals immediately.
The service will schedule inspections with the landlord, notify the landlord of the Village requirements, maintain records, review adopted ordinances and local amendments for proper enforcement, completely handle the program from initiating the annual license to the annual inspection, and consult with the Village when needed for a seamless operation.
The Board voted to replace and enhance the video cameras in the municipal center and parking garage. This upgrade is much needed and will easily allow for future enhancements as technology changes.
Gennaro liquors is a well known family business in Oak Lawn. For over six decades, they have been an anchor on 87th and Central. In the past they have modified their business with changing times, and the Village Board approved their request to modify their business again with the addition of a gaming area inside their establishment to offer residents who enjoy gaming an option that is not a traditional bar atmosphere.
Watch the Board Review here: Village of Oak Lawn YouTube Channel