2009 Annual Operating and Capital Budget - Village of Huntley
2009 Annual Operating and Capital Budget - Village of Huntley
2009 Annual Operating and Capital Budget - Village of Huntley
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VILLAGE OF HUNTLEY<br />
STREET IMPROVEMENT FUND<br />
(FORMERLY TRANSPORTATION FUND)<br />
The Fund was established in FY2006 as the Transportation Fund to continue<br />
emphasizing the importance <strong>of</strong> major transportation related projects in the <strong>Village</strong>. The<br />
primary revenue source for the fund was the initial $1 million transfer from the General<br />
Fund in FY2006 <strong>and</strong> transportation impact fees collected as a part <strong>of</strong> development<br />
agreements.<br />
Over the course <strong>of</strong> the last three years, two major street improvement projects (East<br />
Main Street Reconstruction Project <strong>and</strong> Haligus Road) have been completed utilizing<br />
dollars from this fund. This year, two major projects totaling $570,000 are proposed.<br />
Street Improvement Fund <strong>2009</strong> Major Projects<br />
• Funds are budgeted in the amount <strong>of</strong> $470,000 for the resurfacing <strong>of</strong> <strong>Huntley</strong>-<br />
Dundee Road from Kreutzer Road to Main Street. The <strong>Village</strong> was successful in<br />
obtaining over 60% <strong>of</strong> the project cost through the McHenry County Council <strong>of</strong><br />
Mayors Special Call for Projects.<br />
• Phase II Engineering for the extension <strong>of</strong> Kreutzer Road from Illinois Route 47 to<br />
West Main Street - $100,000 (combined with $250,000 from <strong>Capital</strong> Project<br />
Fund).<br />
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