Village of Fox River Grove

The Board reviewed the monthly financial report, discussing the money market balance and interest rates. A motion was passed to approve a monthly transfer of funds to the IPOPIF for investment purposes. Investment performance reviews from Verus Advisory and State Street were examined. The Board received reminders regarding Statements of Economic Interest and Affidavits of Continued Eligibility, and reviewed trustee training updates. New business included the adoption of a resolution designating authorized agents and account representatives for the IPOPIF State Street Enterprise Cash Flow Module, and a status update on the IPOPIF compliance audit. Additionally, the Board received legal updates regarding Article 3 Pension Funds.

The commission held a public hearing for Zoning Case 2026-01 regarding a property at 206 N. River Road. The discussion focused on four specific variance and waiver requests, including the placement of an air conditioning condenser in an interior side yard, the timing for removing an unpermitted garage expansion, and modifications to conditions concerning garage height and setback encroachments. The commission heard public comments from local residents, some expressing support for the home improvements and others raising concerns about property values and code compliance. Following the discussion, the commission voted to recommend approval for all four requests with specific conditions.

The Board of Trustees reviewed the monthly financial report and approved outstanding invoices for legal and professional services. Key actions included establishing a new Cash Management Policy for account balances and setting repeat monthly withdrawal instructions for 2026. The Board also reviewed investment performance reports, designated a security administrator for IDOI, and discussed trustee training requirements. Additionally, the Board approved the 2026 cost of living adjustments for pensioners and certified election results for active member positions on the Board. Legislative updates regarding Article 3 pension funds were provided by legal counsel.

The meeting included an update on a community garden project during the public comment session. Reports from the Village President and Trustees covered an upcoming ribbon cutting ceremony, a recent community event, and inquiries regarding park signage maintenance. The Board approved the consent agenda, which encompassed resolutions regarding ROW construction and MFT maintenance, an award for landscape maintenance services, a property purchase agreement, and fee waivers for the local AMVETS organization. Additionally, the Board conducted a public hearing concerning the fiscal year budget.

The Board approved the consent agenda, which included accounts payable, the treasurer's report, a business capital assistance program grant agreement for All Ways Art Gallery, the award of a bid for the road resurfacing program, and a construction engineering services agreement. A brief discussion occurred regarding an accounts payable line item for police department ticket stock paper, noting recent price increases.