Schaumburg adopts 1-, 5-year capital plans
Road improvements and a winding-down emerald ash borer response program top the list of Schaumburg's $39.8 million capital improvement plan for the budget year beginning May 1, 2016.
Village trustees Tuesday signed off on the staff-recommended plan for the next five years, with the stipulation that the need and funding for each proposed project would be looked at in greater detail before its individual approval.
The availability of grant funding becomes progressively less concrete over the five years, but officials stressed specifics for 2016-17.
The village's portion of next year's projects is projected to cost $29.5 million after an expected $10.3 million in reimbursements and grants.
The street repair program for next year costs $5.5 million. Bond funding is proposed for eight specific projects, most of which are for design, but also include construction on Springinsguth Road from its south end to Irving Park Road and on Wiley Road from Plum Grove to Tower.
The emerald ash borer program will cost $995,000 with the decreasing number of ash tree removals balancing with the now increasing amount of new plantings. The reforestation process is expected to continue to 2023.
The village itself will spend about $7.4 million next year on improvement projects within the North Schaumburg tax increment finance district between Algonquin Road and the Jane Addams Memorial Tollway. One such project will be the $3.3 million Meacham Road interchange.
For the replacement of water meter transmitters, Schaumburg expects to spend $1.35 million during each of the next three years and then $700,000 in 2019.
Also next year, the village plans to fill in street-lighting gaps along parts of Meacham, Old Schaumburg, Wise, Irving Park, Algonquin and Golf roads that would increase its ComEd billing by about $16,000 but require less maintenance than older streetlights during the first 10 years.