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SAVE THE DATE
WEDNESDAY, NOVEMBER 16 Conference Business Meeting IML President and Vice President to share goals 6:00 p.m. to 9:00 p.m. Embassy Suites, Lombard |
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Please enjoy the November issue of In Brief.
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NOVEMBER CONFERENCE BUSINESS MEETING
This month we have invited the new Illinois Municipal League President, Mayor Raymond D. Muniz, Jr. of St. Jacob and the IML Vice President, Mayor Scott Eisenhauer of Danville as our guest speakers. They will share their goals for the coming year at IML and discuss how we can work together on state-wide common goals. The meeting will be held at the Embassy Suites, 707 E. Butterfield Road, Lombard, on Wednesday, November 16 at 6:00 p.m. Registration is open and reservations are required. For more information, contact Kim Sumner, Member Services and Communications Manager or visit the DMMC website. |
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VETO SESSION
DMMC members will be traveling to Springfield during fall veto session (November 8-10) to once again communicate our priorities to legislators. This is part of the Conference's on-going effort to have a stronger presence in Springfield. For more information on veto session or if you are interested in joining the Conference in Springfield, please contact Executive Director Mark Baloga. |
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DOWNERS GROVE RETURNS TO DMMC
DMMC welcomes the Village of Downers Grove back as a member. The Downers Grove Village Council approved a half-year membership as of November 1, 2011. In addition, Mayor Martin Tully has been appointed as an At-Large member of the Board of Directors. |
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DMMC TURNS GOLDEN: SAVE THE DATE FOR OUR 50TH ANNIVERSARY
DMMC is currently celebrating its 50th year serving the municipalities of DuPage County. Please save the date for our 50th Anniversary Gala, which will be Friday, May 18, 2012 at the Hilton Lisle/Naperville. More information to come. |
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HANOVER PARK AWARDED GRANT FOR POLICE STATION
As a part of the 2010 Illinois State Capital Bill, the Village of Hanover Park has been awarded a $150,000 grant from the Illinois Department of Commerce and Economic Opportunity (IL DCEO) to assist in the construction of the new Police Station.
The new Police headquarters building will provide improved facilities for the department to help them serve the community. In particular, the building will include an Emergency Operation Center and a community room capable of seating 50 people. It will also include a modern firearms range, increased evidence processing and storage capacity, increased jail capacity, and indoor parking for the department's operational vehicles. |
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CORPORATE PARTNERS UPDATE
Welcome to our newest Corporate Partner, NIMEC, which is an electric purchasing co-operative of 140 municipal and other governmental entities.
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. For more information on the Corporate Partners program, contact Suzette Quintell, Operations Director, at (630) 571-0480, ext. 227 or visit the DMMC website. |
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CMAP'S TRANSPORTATION IMPROVEMENT PROGRAM ONLINE PUBLIC TOOLS
CMAP's Transportation Improvement Program (TIP) is the Chicago metropolitan area's agenda for all federally funded and/or regionally significant surface transportation projects. These projects include those funded through STP, SRTS, RTA, ITEP, CMAQ, HSI, HBP, and HPP programs, among others. The TIP Database and interactive map found on CMAP's website are helpful online tools for information and keeping up to date with these projects. To search for specific TIP projects in the CMAP TIP online database, go to http://data.cmap.illinois.gov/tip and select "search projects". From there you may search for projects based on a wide variety of criteria including programming agency, municipality, county, the type of work being completed, funding source, federal fiscal year of programming, and location/street name. The interactive map of TIP projects can be found on the CMAP website. |
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IMET MONTHLY UPDATE
IMET's 1-3 Year Fund has provided strong performance over the last 12 months providing a return to IMET members of 1.07% on a gross of fees basis for the latest one-year period and .79% on a net of fees basis for the latest one-year period. IMET's 1-3 Year Fund invests exclusively in U.S. government-backed securities including Treasuries, Agencies, and Agency mortgage backed securities, only the safest investments permissible under the IL Public Funds Investment Act.
The IMET Convenience Fund (CVF) enhanced rate for September 2011 provided members with an outstanding annualized rate of .28% and 12-month return of .31%. The enhanced rate may change on a daily basis and is posted on IMET's website each day. The CVF has a minimum rate guarantee of the Federal Funds rate through 12/31/12.
The IMET CVF current rate is a blended rate consisting of the Fed Funds rate and a fixed income rate. The IMET Convenience Fund portfolio is comprised of FDIC insured CDs and liquid deposits collateralized at 110% and is managed so as to maintain a stable $1.00 share price. It offers daily liquidity and remains a very good investment option for a diverse investment portfolio providing members with safety, liquidity, and yield.
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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) 2011 DuPage Mayors and Managers Conference |
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