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SAVE THE DATE
WEDNESDAY, JULY 21
DMMC Golf Outing
White Pines Golf Club
Bensenville
WEDNESDAY, SEPT. 15
Conference Business Meeting
Location & Program TBD
THURSDAY, SEPT. 23 - SATURDAY, SEPT. 25
IML Annual Conference
Hilton Chicago |
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Greetings!
Please enjoy the summer issue of In Brief. |
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ANNUAL GOLF OUTING AROUND THE CORNER
The tradition continues, as the 2010 DMMC Annual Golf Outing approaches! We are looking forward to playing at the White Pines Golf Club in Bensenville on Wednesday, July 21. Information on the schedule of the day and pricing can be found on the DMMC website. If you have any last minute questions, please contact Kim Sumner, Member Services and Communications Manager. |
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CALL FOR FY 2011-2016 STP PROJECTS
DMMC announced a call for FY 2011 - 2016 Surface Transportation Program (STP) projects on June 18, 2010. Applications sponsored or co-sponsored by a DuPage municipality will be accepted until 4:00 p.m. on Friday, August 13, 2010. Project requests for up to 70% federal construction funding for highway projects and up to 75% federal construction funding for Transportation Control Measure (TCM) projects will be accepted. Further details including application forms, the DMMC STP Manual and other information can be found on the DMMC website or by contacting Kama Dobbs. |
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IML INNOVATIONS
The Illinois Municipal League is seeking submissions for the "Illinois Innovations and Showcase" to be held at the IML Annual Conference in September. If your community has created a new program, expanded a current program, or just has a great idea and wants to share it, the IML encourages your community to participate in this program. Registration forms are due Friday, August 27, 2010. |
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SALES TAX LEGISLATION
The General Assembly approved legislation that would institute a sales tax exemption for certain school-related items. The exemption is limited to qualified items that are purchased over the 10-day period between August 6-15. Senate Bill 3658 does not remove the base 1.25% tax rate that is shared with local governments. Nor does it affect any additional sales tax imposed by municipalities exercising their home rule powers or by non-home rule municipalities that impose an additional sales tax under a specific statutory grant of authority. The sales tax holiday is estimated to cost the state $40-$60 million. |
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GOVERNOR'S HOMETOWN AWARDS
Applications are now available for the 2010 Governor's Hometown Award. The Department of Commerce and Economic Opportunity has presented this award annually since 1983 to nominate a community's best volunteer projects. The Governor's Hometown Awards Program gives formal recognition to projects that have contributed to their community's quality of life. Awards are made based on population in six categories: Beautification and Sustainability Projects, Parks and Recreation Projects, Memorials and Monuments Projects, History and Historic Preservation Projects, Services and Mentorship Projects, and General Projects. Applications and the latest information are now available on the DCEO website. Nominations must be received by August 2, 2010. For more information, contact Wendy Bell at (217) 558-2838. |
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FEDERAL FUNDS FOR ITEP PROJECTS
On June 21, IDOT announced the availability of about $80 million in federal funds for 2010 Transportation Enhancement (ITEP) projects. ITEP funds can be used for up to 80% of the cost of engineering, land acquisition, and construction of projects in 12 categories that enhance the transportation system, including construction of sidewalks, bicycle lanes and trails, highway beatification, and bicycle and pedestrian safety and educational activities. Although ITEP funds cannot be used as the local match for STP funds, they can be used to fund phases that are not eligible for STP funding.
More information can be found on the ITEP website. If you have any questions, please read the ITEP Guidelines Manual, read the application instructions or contact the District 1 Local Roads office at 847-705-4201. You can also submit questions thru the FAQ section toitep@dot.il.gov. If you have questions that are not answered on the IDOT website, or need assistance completing applications, please contact Kama Dobbs, Transporation Project Manager. |
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CORPORATE PARTNERS
The DMMC Corporate Partners program provides an opportunity for participation by organizations that share a common commitment to the well-being of DuPage County municipalities. Corporate Partners gain high visibility among member communities through such means as meetings, workshops, publications, annual events, and sponsorship opportunities. Visit the DMMC website for more information on the Corporate Partners program. | |
CMAP SEEKS INPUT ON GO TO 2040
The Chicago Metropolitan Agency for Planning has released the draft Go To 2040 Regional Comprehensive Plan. The Plan is intended to guide growth in Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will Counties. It fulfills federal requirements for the region's long range transportation plan and state requirements for an integrated land use and transportation plan. Based on three years of research, discussion, and public input, Go To 2040 also addresses the full range of regional issues, including the environment, economic development, housing, and social services. The full draft and executive summary can be found on the Go To 2040 website. If you have comments on the Plan, please contact Tam Kutzmark by July 21. |
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HOUSING CARAVAN VISITS DUPAGE
DuPage Housing Action Coalition and Housing Action Illinois (HAI) will present a Community Stakeholders Meeting on the Intersection of Affordable Housing and Transportation. The meeting will be held Wednesday, August 18, from 10:00 to 11:30 a.m. at Metropolitan Family Services, 222 E. Willow Ave., Wheaton. The meeting is part of HAI's 2010 Caravan and offers the chance to engage local leaders from nonprofits, businesses, and government in guiding HAI's advocacy, education and technical assistance. The Center for Neighborhood Technology will present their Housing and Transportation Affordability Index. To RSVP, please contact Gianna Baker at (312) 939-6074 ext. 110. |
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UIC PUBLIC ADMINISTRATION OPEN HOUSE
The University of Illinois at Chicago is hosting a Master of Public Administration Summer Open House on Thursday, July 22 from 6:00 to 7:30 p.m. Get your questions answered about the MPA degree, concentrations and careers in PA, admissions requirements and financial aid. For more information, visit the website or call (312) 996-3109. |
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IMET MONTHLY REPORT
IMET's 1-3 Year Fund again produced outstanding returns for May 2010, with a net one-month return of .32 percent (3.84 percent annualized) with gross returns of .35 percent. IMET's gross of fees one year return was 2.25 percent, outperforming the benchmark Barclay's 1-3 Year Government Bond Index return of 2.21 percent for the same period. The IMET Convenience Fund (CVF) continues to provide very competitive short-term rates to IMET members. The average daily yield posted for May 2010, was .26 percent with a one-year yield of .55 percent.
IMET's 1-3 Year Fund is a triple A rated government bond fund invested exclusively in US Government Securities with redemptions settling within 5 business days. The Convenience Fund is fully collateralized at 110% with US Government Securities and provides for same day or next day liquidity. IMET's Funds are approved for both operating and pension funds.
The Illinois Metropolitan Investment Fund (IMET) was developed in July 1996 as a cooperative endeavor to assist Illinois municipalities and public entities with the investment of their intermediate-term dollars. IMET was established as a not-for-profit investment fund under the Intergovernmental Cooperation Act and the Illinois Municipal Code and is sponsored by DuPage Mayors and Managers Conference. For more information, visit www.investIMET.com. |
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Founded in 1962, the DuPage Mayors and Managers Conference is a council of municipal governments representing over 1,000,000 people. A coalition of cities and villages, the Conference works to voice municipal concerns on local, regional, state, and national issues. It also serves its members and the region by fostering intergovernmental cooperation. The Conference is a not-for-profit organization supported by membership dues and grants.
(c) 2010 DuPage Mayors and Managers Conference |
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