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Board of Trustees

Regular Meeting

Rantoul, IL · April 7, 2026

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Agenda

Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business 1. Call to Order 2. Roll Call 3. Joint Mayoral Proclamation Child Abuse Prevention Month 4. Approval of Agenda 5. Public Participation Citizens wishing to address the Village Board with respect to any item of business listed on the agenda, or any matter not appearing on the agenda, are asked to sign up on the public participation form, and submit it to the Village Clerk prior to the meeting. Comments will be limited to three minutes for each speaker. 6. Items from the Mayor (A) Mayor's Youth Council Recognition 7. Items from Trustees 8. Items from the Clerk All Minutes are draft versions until approved during the Regular Board Meeting. The Village is required to post the approved minutes on the website within ten days of approval. (A) Minutes of the March 3, 2026 Board Study Session (B) Minutes of the March 10, 2026 Board Meeting 9. Items from Human Resources (A) Village Applicant Demographics Report (B) Career Opportunities 10. Items from Comptroller 11. Items from Police Department (A) Item of Information: ▪ School Speed Zone Area Expansion 12. Items from Fire Department 13. Items from Airport (A) Purchase of a Self-Service Aviation Fuel Dispensing System for the Rantoul National Aviation Center from United Petroleum Service in the amount of $198,345.95, with a Contingency Fund of $20,000.00 Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business 14. Items from Community Planning & Development (A) Contract for Partial Roof Replacement at 735 Pacesetter Drive (Hangar 1) with Sentry Roofing, Inc. in the amount of $302,416.00 (B) Downtown Reconstruction & Streetscaping Project Update 15. Items from Parks & Recreation (A) Purchase of Connecting Concrete Sidewalks and Pads for the Rantoul Family Sports Complex from Mid-Illinois Concrete & Excavation Inc. in the amount of $74,805.00 16. Items from Public Works (A) Construction Contract for the Wastewater Treatment Plant Improvements Project, Phase II with Grunloh Building, Inc. in the amount of $8,103,385.00 (B) Service Agreement for the Waste Water Treatment Plant Public Safety Training Facility Site Construction with Stark Excavating, Inc in the amount of $687,199.00 (C) Purchase of 20,000 feet of 15kV Underground Cable for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $605,200.00, with a $42,300.00 Contingency Fund (D) Purchase of four Steel Poles for the Electric Department Proposed Prospect Substation Project from MVA Power, Inc. in the amount of $97,410.30, with a $4,870.00 Contingency Fund (E) Purchase of Bus, Arrestors, and Insulators for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $56,961.26, with a $2,800.00 Contingency Fund (F) Purchase of a 2026 Ford F-450 Truck Chassis for the Public Works Gas Division from Shields Auto Center in the amount of $58,315.00, with a $1,000.00 Contingency Fund 17. Items from the Administrator (A) Ordinance Authorizing the Issuance and Delivery of General Obligation Refunding Bonds (B) Loan for a Self-Serve Aviation Fuel Dispensing System for the Rantoul National Aviation Center from the Bank of Rantoul for a Not-to-Exceed amount of $225,000.00, with a payback over five years at a rate of 3.975% (C) Resolution Outlining Expenditures in Fiscal Year 2026-27 Committed Funds (D) Resolution Authorizing Transfer of Fiscal Year 2026-27 Funds Regarding a Negative Fund Balance (E) Fiscal Year 2026-27 Budget Discussion Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business (F) Items of Information: ▪ Aquatic Center Swim Lessons ▪ Recreation Fee ▪ Pothole Filling Machine 18. Items from Counsel 19. Announcements (A) Public Hearing - GFL Environmental Transfer Station April 17, 2026 | 9:00am (B) EAA Young Eagles Rally - FREE! April 18 | 9:00 - 11:00am Rantoul National Aviation Center Register at eaachapters.org (C) Senior Rambles Trip to The Pottery Place Wednesday, April 29 | 11:45am - 2:45pm Call 217-893-5700 to Register (D) Village of Rantoul Clean-up Day Saturday, May 16 | 8:00am to Noon Must Provide a Copy of Utility Bill 20. Items for Closed Session (A) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 6, to consider the setting of a price for sale or lease of property owned by the public body (B) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 11, to consider litigation, when an action against, affecting, or on behalf of the particular public body, has been filed and is pending before a court, or when the public body finds that an action is probable or imminent, in which case the basis for the finding shall be recorded and entered into the minutes of the closed meeting (C) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 1, to consider the appointment, employment, compensation, discipline, performance, or dismissal of specific employees, or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee. 21. Adjournment

Packet

Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business 1. Call to Order 2. Roll Call 3. Joint Mayoral Proclamation Child Abuse Prevention Month 4. Approval of Agenda 5. Public Participation Citizens wishing to address the Village Board with respect to any item of business listed on the agenda, or any matter not appearing on the agenda, are asked to sign up on the public participation form, and submit it to the Village Clerk prior to the meeting. Comments will be limited to three minutes for each speaker. 6. Items from the Mayor (A) Mayor's Youth Council Recognition 7. Items from Trustees 8. Items from the Clerk All Minutes are draft versions until approved during the Regular Board Meeting. The Village is required to post the approved minutes on the website within ten days of approval. (A) Minutes of the March 3, 2026 Board Study Session (B) Minutes of the March 10, 2026 Board Meeting 9. Items from Human Resources (A) Village Applicant Demographics Report (B) Career Opportunities 10. Items from Comptroller 11. Items from Police Department (A) Item of Information: ▪ School Speed Zone Area Expansion 12. Items from Fire Department 13. Items from Airport (A) Purchase of a Self-Service Aviation Fuel Dispensing System for the Rantoul National Aviation Center from United Petroleum Service in the amount of $198,345.95, with a Contingency Fund of $20,000.00 Page 1 of 212 Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business 14. Items from Community Planning & Development (A) Contract for Partial Roof Replacement at 735 Pacesetter Drive (Hangar 1) with Sentry Roofing, Inc. in the amount of $302,416.00 (B) Downtown Reconstruction & Streetscaping Project Update 15. Items from Parks & Recreation (A) Purchase of Connecting Concrete Sidewalks and Pads for the Rantoul Family Sports Complex from Mid-Illinois Concrete & Excavation Inc. in the amount of $74,805.00 16. Items from Public Works (A) Construction Contract for the Wastewater Treatment Plant Improvements Project, Phase II with Grunloh Building, Inc. in the amount of $8,103,385.00 (B) Service Agreement for the Waste Water Treatment Plant Public Safety Training Facility Site Construction with Stark Excavating, Inc in the amount of $687,199.00 (C) Purchase of 20,000 feet of 15kV Underground Cable for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $605,200.00, with a $42,300.00 Contingency Fund (D) Purchase of four Steel Poles for the Electric Department Proposed Prospect Substation Project from MVA Power, Inc. in the amount of $97,410.30, with a $4,870.00 Contingency Fund (E) Purchase of Bus, Arrestors, and Insulators for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $56,961.26, with a $2,800.00 Contingency Fund (F) Purchase of a 2026 Ford F-450 Truck Chassis for the Public Works Gas Division from Shields Auto Center in the amount of $58,315.00, with a $1,000.00 Contingency Fund 17. Items from the Administrator (A) Ordinance Authorizing the Issuance and Delivery of General Obligation Refunding Bonds (B) Loan for a Self-Serve Aviation Fuel Dispensing System for the Rantoul National Aviation Center from the Bank of Rantoul for a Not-to-Exceed amount of $225,000.00, with a payback over five years at a rate of 3.975% (C) Resolution Outlining Expenditures in Fiscal Year 2026-27 Committed Funds (D) Resolution Authorizing Transfer of Fiscal Year 2026-27 Funds Regarding a Negative Fund Balance (E) Fiscal Year 2026-27 Budget Discussion Page 2 of 212 Rantoul Village Board of Trustees Regular Study Session April 7, 2026 6:00 PM Order of Business (F) Items of Information: ▪ Aquatic Center Swim Lessons ▪ Recreation Fee ▪ Pothole Filling Machine 18. Items from Counsel 19. Announcements (A) Public Hearing - GFL Environmental Transfer Station April 17, 2026 | 9:00am (B) EAA Young Eagles Rally - FREE! April 18 | 9:00 - 11:00am Rantoul National Aviation Center Register at eaachapters.org (C) Senior Rambles Trip to The Pottery Place Wednesday, April 29 | 11:45am - 2:45pm Call 217-893-5700 to Register (D) Village of Rantoul Clean-up Day Saturday, May 16 | 8:00am to Noon Must Provide a Copy of Utility Bill 20. Items for Closed Session (A) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 6, to consider the setting of a price for sale or lease of property owned by the public body (B) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 11, to consider litigation, when an action against, affecting, or on behalf of the particular public body, has been filed and is pending before a court, or when the public body finds that an action is probable or imminent, in which case the basis for the finding shall be recorded and entered into the minutes of the closed meeting (C) Motion to enter into closed session pursuant to 5 ILCS 120/2 (C) 1, to consider the appointment, employment, compensation, discipline, performance, or dismissal of specific employees, or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee. 21. Adjournment Page 3 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Joint Mayoral Proclamation DEPARTMENT: Administration DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 4 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Child Abuse Prevention Month DEPARTMENT: Administration DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Joint Proclamation - Child Abuse Prevention Month SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 5 of 212 rotlamation bp tbe ;fflapors of tbe �illage of Rantoul, the �tties of �bampaign anb Wrbana, anb the �bampaign �ountp �xecutibe WHEREAS, The well-being of children is essential to the strength and future of our community, and all children deserve to grow up in safe, stable, and nurturing environments; and WHEREAS, Child abuse and neglect remain serious concerns affecting children and families, and prevention requires the shared commitment of individuals, families? organizations, and government; and WHEREAS, Communities across the nation observe April as Child Abuse Prevention Month to raise awareness of the importance of supporting families, and preventing child abuse and neglect before it occurs; and WHEREAS, Local organizations including the Community Service Center, Crisis Nursery, Children's Advocacy Center, CASA (Court Appointed Special Advocates), and United Way work year-round to support children and families, and promote safe, healthy childhoods. NOW, THEREFORE, I, Samuel Hall, III, Mayor of the Village of Rantoul, along with Mayor Deborah Frank Feinen, Mayor DeShawn Williams, and County Executive Steve Summers, do hereby proclaim April 2026 as Child Abuse Prevention Month in Champaign County encouraging community members to work together to strengthen families, support caregivers, and help ensure every child grows up safe, healthy, and hopeful. Jin witness tubereof, 31 babe bereunto set mp banb tbis 7tb bap of �pril in tbe �ear of �ur llorb, two tbousanb anb ttuentp-six. �� �J� Deborah Frank Feinen DeShawn Williams Mayor, City of Champaign Mayor, City of Urbana ?>...J------- Samuel Hall, III Steve Summers Mayor, Village of Rantoul Executive, Champaign County Page 6 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Public Participation DEPARTMENT: DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 7 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Mayor's Youth Council Recognition DEPARTMENT: Administration DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 8 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Items from the Clerk DEPARTMENT: DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 9 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Minutes of the March 3, 2026 Board DEPARTMENT: Administration Study Session DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. March 3 Study Session Minutes - draft SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 10 of 212 RANTOUL VILLAGE BOARD OF TRUSTEES REGULAR STUDY SESSION MARCH 3, 2026 LOUIS B. SCHELLING MEMORIAL BOARD ROOM RANTOUL MUNICIPAL BUILDING, 333 S. TANNER, RANTOUL, IL A Regular Study Session of the Board of Trustees of the Village of Rantoul was held at at 6:00 P.M. Mayor Hall called the proceeding to order. Roll Call The Clerk called the roll, finding the following members were physically present: Mayor Hall, Trustees Workman, Crider, Wilson, Graham, Robertson and Haines – 7. The following representatives of Village departments were also present: Scott Eisenhauer, Administrator; Tony Brown, Police Chief; Angela Schultz, Comptroller; Andy Graham, Assistant Recreation Director; Chad Isley, Assistant Public Works Director; Chris Milliken; Community Planning and Development; Debbie Sage, Human Resources; Tana Ward, Executive Assistant, Audio/Visual; David Wesner, Attorney, Hank Gamel, Deputy Clerk and Janet Gray, Village Clerk Chad Smith, Fire Chief joined the meeting in progress. Approval of Agenda Trustee Crider moved to approve the agenda. Trustee Wilson seconded the motion. On a roll call vote: YEAS: Crider, Wilson, Graham, Robertson, Haines and Workman – 6. NAYS: None – 0. The motion carried 6-0. Public Participation Mayor Hall opened the public comment portion of the meeting per the Open Meetings Act. A. Chris Powers suggested that the Board send out the meeting agendas to every household in the Village as not everyone is on Facebook. He thanked Gary Wilson for driving the ambulance when he went to the hospital. Presentations A. Human Relations Committee Chairman Jeremy Dixon introduced the other members to the Board: Atha Winston, Larissa Smith, Tracy Williams and Niki Pettit. 1 Page 11 of 212 B. Base Developers Sarah Share and Rob Stern addressed the Board regarding the development of The Beacon in the glass building at 803 & 813 Enterprise. They have been interested in the building since 2022. Ron Gregurich said that after working with Flyover Studios he is bringing his business to Rantoul. The group is also interested in renovating an old Barracks into the Base Camp Hotel with 140 suites. Future plans include a diner, a laundry, a Speak Easy in the basement and outdoor games. Sarah Cayce and Laura Cayce were also present to answer questions from the Board. Items from the Mayor A. The Mayor welcomed members of the Youth Council. There will be a presentation next month. B. Appointment to the Human Relations Committee C. Appointment to the Loan Review Committee Items from Trustees A. Trustee Crider said she sent a photo regarding a camera that needed repair. The Administrator contacted Flock for repair. She also sent a picture of new curbing that is crumbling. The Assistant Public Works Director has contacted the contractor. This will be an item on the final punch list. B. Trustee Robertson asked if the budget had funds to purchase the machine that Wendell Goldston mentioned to fix the streets. The Administrator said it is not in the budget presented tonight. The Assistant Public Works Director is getting bids on this equipment. C. Trustee Robertson asked when the Village would conduct a night study of the street lights. The Administrator and Assistant Public Works Director will work on that project. D. Trustee Robertson asked if that instead of having Public Work employees or a company paint the lines in the streets, couldn’t the Village hire area youth to do the painting. The Administrator addressed some of the concerns and legal requirements. There is money in the budget to have the street painting done this year. E. Trustee Haines thanked the Police Department for their response to a 911 call last week. The family involved appreciated the Department’s support. Items from Clerk A. Minutes of February 3, 2026 Study Session B. Minutes of February 10, 2026 Board Meeting C. General Primary Election is March 17, 2026. Voting is at the Rantoul Youth Center, the Gathering Place (First United Methodist Church) or any Champaign County Voting Center. Early voting is at the Bennett Center (March 3-16) and Rantoul Youth Center (March 9-16). These minutes will go to the Board for approval. 2 Page 12 of 212 Items from Human Resources A. Village Applicant Demographics Report and Career opportunities were listed in the Board Packet. B. Currently conducting training for the Sports Center employees, doing interviews for the pool positions next week. C. Have positions open in Public Works: Lineman, Street System Operators and Chief of Wastewater. D. Need more swim lesson instructors and two swim team coaches. E. There are 19 life guards returning and 18 interviews have been set up. Items from Comptroller No items to report. Items from Police Department No items to report. Items from Fire Department A. The Department received a Grant from the County Board to purchase two chest compression machines to deliver CPR. That gives the Department a total of four machines. Items from Community Planning and Development A. The Department is requesting the approval of a contract with JJ Residential Landscaping, LLC in the amount of $62,465.00 for Spring 2026 Grant-Funded Tree Plantings. The trees will be planted at various locations in the community and planting will begin in about 30 days. The trees will be planted on public parkways. B. The Department is requesting the approval of a Small Business Program Loan for Timberline, LLC in the amount of $150,000.00 for a Banquet Facility/Event Center at 224 Wheat Avenue. The building will be the collateral for the loan with the Village taking a second position to a bank loan. The applicants have received loan program funds in the past and have repaid those with no issues. The Loan Review Committee is recommending the approval of this application. C. Chris Milliken gave an update on the Rental Housing Registration & Rental Inspection Program. The program was adopted in 2006 to maintain and improve the residential rental housing stock in the Village by providing for inspections and enforcement of the Property Maintenance Code. The annual registration forms will be mailed out this week. The goal is to inspect every unit every three years. Items A and B will go to the Board for Approval. Items from the Parks and Recreation No items to report. 3 Page 13 of 212 Items from Public Works A. The Department is requesting the approval for the purchase of one 2500 kVA Pad-Mount Transformer from Integrated Power Services in the amount of $74,995.00 for the proposed expansion of Electric Service to Maverick Pipe. Integrated Power Services was the lowest bidder with the shortest lead time of 3 to 6 weeks. This is a budgeted item. B. The Department is requesting the approval for the purchase of 15,000 feet of 350 MCM Aluminum Wire from Brownstown Electric Supply in the amount of $94,200.00 for the proposed expansion of Electric Service to Maverick Pipe, with a contingency fund of $9,400.00. Brownstown was the lowest bidder with the shortest lead time. This is a budgeted item. C. The Department is requesting the approval for the purchase three Overhead Transmission Disconnect Switches from Fletcher-Reinhardt in the amount of $129,390.00 for the Electric Department proposed Prospect Substation Project, with a contingency fund of $6,500.00. BHMG Engineers recommends awarding this contract. This is a budgeted item. D. The Department is requesting the approval of an Engineering Services Agreement with Donohue & Associates in an amount not-to-exceed $356,680.00 for the Water Distribution System Project Phase I Design and Bidding. These construction engineering fees will be funded out of the Water Reserve Fund. This is a reimbursable expense from the IEPA loan. E. The Department is requesting the approval of an Engineering Services Agreement with Donohue & Associates, Inc. in an amount not-to-exceed $298,855.00 for the Water Treatment Plant Project Phase I Design and Bidding. This engineering agreement will be funded out of the Water Reserves Fund. This is a reimbursable expense from the IEPA loan. F. The Department is requesting the approval of an Ordinance authorizing and approving a Loan Agreement from the Public Water Supply Loan Program - Water Distribution System Improvements. This agreement would authorize the Village to borrow $6,700,000.00. G. The Department is requesting the approval of an Ordinance authorizing and approving a Loan Agreement from the Public Water Supply Loan Program - Water Treatment Improvements. This agreement would authorize the Village to borrow $6,700,000.00. These items will go to the Board for approval. Items from Administrator A. The Administrator is requesting the approval of an Ordinance Supplementing and Amending Chapter 4, Article II of the Village Code Regarding Liquor Licenses (Class B, Class EF). This Ordinance would create a class B, Beauty Salon, Spa or Barbershop license allowing the sale of beer or wine, without charge to the patrons. This sale is only permitted in conjunction with the purchase or potential purchase of goods or services offered by said licensee. This Ordinance would also create a Class EF, Event Facility license allowing sale by the drink for consumption on the premises during a pre-scheduled event. Video gaming would 4 Page 14 of 212 be prohibited with both the Class B and Class EF license. Trustee Robertson asked that the changes be put before the Board in separate Ordinances. B. The Administrator is requesting the approval of an Ordinance adopting a revised License, Permit, and Service Fees, and Administrative Penalties Schedule. This Ordinance provides fees for the new liquor licenses, a fee for lapsed State of Illinois Liquor Licenses, a fee for daily impoundment of animals and a fee for application for amendment, a special use or variance. These fees will be effective immediately after approval. C. The Administrator presented the Fiscal Year 2026-27 Budget. The Administrator thanked Angela Schultz, Comptroller and the Department Heads. This is a balanced budget. Items A and B will go to the Board for Approval. Items from Counsel No items to Report Announcements A. Trustee Crider acknowledge the annual report provided by the Police Dept. B. The World's Shortest St. Patrick's Day Parade will be Saturday, March 14 from 11:00 am - 1:00 pm on Sangamon Avenue, Downtown Rantoul. C. The Tuskegee Airmen / Women’s Air Force Service Pilots Traveling Exhibit will be March 16-17 at 10:00 am - 4:00 pm at the Rantoul National Aviation Center. The exhibit is Free. D. A Senior Luncheon will be Thursday, March 19 at 11:30 am at the Rantoul Recreation Department. Call 217-893-5700 to RSVP. E. A Public Hearing for the Fiscal Year 2026-27 Annual Budget will be Tuesday, April 7, 2026 at 5:45 pm F. A Public Hearing for the GFL Environmental Transfer Station will be April 17, 2026 at 9:00 am in the Village Board Room. Closed Session Trustee Robertson move to enter into closed session A. pursuant to 5 ILCS 120/2 (C) 1, to consider the appointment, employment, compensation, discipline, performance, or dismissal of specific employees, or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee AND B. pursuant to 5 ILCS 120/2 (C) 2, to consider collective negotiating matters between the public body and its employees or their representatives, or deliberations concerning salary schedules for one or more classes of employees AND C. pursuant to 5 ILCS 120/2 (C) 6, to consider the setting of a price for sale or lease of property owned by the public body 5 Page 15 of 212 Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Graham, Robertson and Haines – 6. NAYS: None -0. Motion carried 6-0 The Board entered into Closed session at 7: 52 pm. The Board returned to Open session at 8:23 pm. Meeting Adjourned The Mayor adjourned the meeting at 8:23 pm. Respectfully submitted, Janet E. Gray, MMC Village Clerk Approved ____________________________ Samuel E. Hall, III Village President ATTEST: ___________________________ Janet E. Gray, MMC Village Clerk I, Janet E. Gray, Village Clerk of the Village of Rantoul, Illinois, do hereby certify that the foregoing minutes are a true and correct copy of the Study Session of the Board of Trustees held March 3, 2026 as the same appears on the records of the Village now in my custody and keeping. ____________________________ Janet E. Gray, MMC Village Clerk 6 Page 16 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Minutes of the March 10, 2026 DEPARTMENT: Administration Board Meeting DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. March 10 Board Meeting Minutes - draft SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 17 of 212 RANTOUL VILLAGE BOARD OF TRUSTEES REGULAR BOARD MEETING MARCH 10, 2026 LOUIS B. SCHELLING MEMORIAL BOARD ROOM RANTOUL MUNICIPAL BUILDING, 333 S. TANNER, RANTOUL, IL A Regular Meeting of the Board of Trustees of the Village of Rantoul was held at 6:00 P.M., President Hall presiding. President Hall called the meeting to order. Invocation & Pledge of Allegiance Pastor Mark Wilkerson, Maranatha Baptist Church opened the meeting in prayer. Following the invocation, Trustee Wilson led the audience in recitation of the Pledge of Allegiance. Roll Call The Clerk called the roll, finding the following members were physically present: Mayor Hall, Trustees Workman, Crider, Wilson, Graham, Robertson and Haines – 7. The following representatives of Village departments were also present: Scott Eisenhauer, Administrator; Tony Brown, Police Chief; Angie Schultz, Comptroller; Andy Graham, Assistant Recreation Director; Chris Milliken; Community Planning and Development; Bob Coverdale, Airport Manager; Tana Ward, Executive Assistant, Audio/Visual; David Wesner, Attorney and Janet Gray, Village Clerk Approval of Agenda Trustee Graham moved to amend the agenda by removing Item #23 Ordinance 2819 – Class B Alcoholic license from the agenda. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. Trustee Graham moved to approve the agenda for the meeting, as amended. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. 1 Page 18 of 212 Public Participation Mayor Hall opened the public comment portion of the meeting per the Open Meetings Act. A. Rita Ray had addressed the Board at an earlier time about flashing lights at cross walks on Maplewood and said the lights were work on south Maplewood. However, there were no lights on north Maple by Christian Life Church. She would also like to see something done about the pot holes on Harmon Drive and Veteran’s Parkway. A. Consent Agenda Approval of Consent Agenda Items by Omnibus Vote A. Appointment of Christopher Maldonado to the Human Relations Committee B. Appointment of Joseph Robinson to the Loan Review Committee C. Bills and Monthly Financial Reports D. Minutes of Regular Study Session February 3, 2026. E. Minutes of Regular Board Meeting February 10, 2026. Trustee Crider moved to approve the Consent Agenda items by omnibus vote. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: NAYS: None – 0. The motion carried 6-0. B. Consideration of Bids, Contracts & Other Items of Expenditure Trustee Workman moved to authorize and approve a Contract for the Spring 2026 Grant-Funded Tree Plantings at various locations in the Community with JJ Residential Landscaping, LLC in the amount of $62,465.00. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Graham, Robertson and Haines – 6. NAYS: None – 0. The motion carried 6-0. Trustee Wilson moved to authorize and approve a Small Business Program Loan for Timberline Grove, LLC for a Banquet Facility/Event Center at 224 Wheat Avenue in the amount of $150,000.00. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. 2 Page 19 of 212 Trustee Wilson moved to authorize and approve the purchase of one 2500 kVA Pad-Mount Transformer for the proposed expansion of Electric Service to Maverick Pipe from Integrated Power Services in the amount of $74,995.00. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. Trustee Workman moved to authorize and approve the purchase of 15,000 feet of 350 MCM Aluminum Wire for the proposed expansion of Electric Service to Maverick Pipe from Brownstown Electric Supply in the amount of $94,200.00, with a contingency fund of $9,400.00. Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Graham, Robertson and Haines – 6. NAYS: None – 0. The motion carried 6-0. Trustee Wilson moved to authorize and approve the purchase Three Overhead Transmission Disconnect Switches for the Electric Department proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $129,390.00, with a contingency fund of $6,500.00. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. Trustee Workman moved to authorize and approve an Engineering Services Agreement for the Water Treatment Plant Project Phase I Design and Bidding with Donohue & Associates, Inc. in the not-to-exceed amount of $298,855.00 Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Graham, Robertson and Haines – 6. NAYS: None – 0. The motion carried 6-0. Trustee Workman moved to authorize and approve an Engineering Services Agreement for the Water Distribution System Project Phase I Design and Bidding with Donohue & Associates, Inc. in the not-to-exceed amount of $356,680.00. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Graham, Robertson and Haines – 6. NAYS: None – 0. The motion carried 6-0. 3 Page 20 of 212 Trustee Wilson moved to authorize and approve the Agreement with the International Union of Operating Engineers, Local 399. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. C. Consideration of Ordinances & Resolutions Ordinance No. 2821 AN ORDINANCE AUTHORIZING AND APPROVING A LOAN AGREEMENT FROM THE PUBLIC WATER SUPPLY LOAN PROGRAM (WATER TREATMENT IMPROVEMENTS) Trustee Graham moved to pass Ordinance No. 2821. Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. Ordinance No. 2822 AN ORDINANCE AUTHORIZING AND APPROVING A LOAN AGREEMENT FROM THE PUBLIC WATER SUPPLY LOAN PROGRAM (WATER DISTRIBUTION SYSTEM IMPROVEMENTS) Trustee Graham moved to pass Ordinance No. 2822. Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. Ordinance No. 2823 AN ORDINANCE AUTHORIZING AND APPROVING AN AGREEMENT FOR THE SALE OF REAL ESTATE OWNED BY THE VILLAGE OF RANTOUL, ILLINOIS (100 WEST BORMAN DRIVE, 101 WEST NEAL DRIVE) Trustee Graham moved to pass Ordinance No. 2823. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. 4 Page 21 of 212 Ordinance No. 2824 AN ORDINANCE AUTHORIZING AND APPROVING AN AGREEMENT FOR THE SALE OF REAL ESTATE OWNED BY THE VILLAGE OF RANTOUL, ILLINOIS (803 ENTERPRISE DRIVE, 813 ENTERPRISE DRIVE) Trustee Graham moved to pass Ordinance No. 2824. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. Ordinance No. 2825 AN ORDINANCE AUTHORIZING AND APPROVING AN AGREEMENT FOR THE SALE OF REAL ESTATE OWNED BY THE VILLAGE OF RANTOUL, ILLINOIS (101-109 WEST BORMAN DRIVE) Trustee Wilson moved to pass Ordinance No. 2825. Trustee Workman seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. Ordinance No. 2818 AN ORDINANCE SUPPLEMENTING AND AMENDING CHAPTER 4, ARTICLE II OF THE VILLAGE CODE IN CONNECTION WITH LIQUOR LICENSES (CLASS EF) Trustee Graham moved to pass Ordinance No. 2818. Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Graham, Robertson, Haines, Workman, Crider and Wilson – 6. NAYS: None – 0. The motion carried 6-0. Ordinance No. 2819 This item was removed from the agenda. Ordinance No. 2820 AN ORDINANCE TO READOPT, RATIFY, AND REAFFIRM THE LICENSE, PERMIT, AND SERVICE FEES, AND ADMINISTRATIVE PENALTIES SCHEDULE WITH AMENDMENTS Trustee Wilson moved amended the fee schedule attached to Ordinance No. 2820 by removing lines item 4-31-(2) the fee for a Class B license. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Wilson, Graham, Robertson, Haines, Workman and Crider – 6. NAYS: None – 0. The motion carried 6-0. 5 Page 22 of 212 Trustee Crider moved to pass Ordinance No. 2820 as amended. Trustee Wilson seconded the motion. On a Roll Call vote: YEAS: Crider, Wilson, Graham, Robertson, Haines and Workman - 6. NAYS: None – 0. The motion carried 6-0. D. Other Business E. Public Announcements A. The World's Shortest St. Patrick's Day Parade will be Saturday, March 14 from 11:00 am - 1:00 pm on Sangamon Avenue, Downtown Rantoul. B. The Tuskegee Airmen / Women’s Air Force Service Pilots Traveling Exhibit will be March 16-17 at 10:00 am - 4:00 pm at the Rantoul National Aviation Center. The exhibit is Free. C. The General Primary Election is March 17. Citizens may vote at the Gathering Place (First United Methodist Church), the Rantoul Youth Center and any Champaign County Voting Center. Early Voting is March 9 – 16 at the Rantoul Youth Center. D. A Senior Luncheon will be Thursday, March 19 at 11:30 am at the Rantoul Recreation Department. Call 217-893-5700 to RSVP. E. A Public Hearing for the Fiscal Year 2026-27 Annual Budget will be Tuesday, April 7, 2026 at 5:45 pm F. A Public Hearing for the GFL Environmental Transfer Station will be April 17, 2026 at 9:00 am in the Village Board Room. F. Closed Session Trustee Robertson moved to enter into closed session in pursuant to 5 ILCS 120/2 (C) 6, to consider the setting of a price for sale or lease of property owned by the public body. Trustee Crider seconded the motion. On a Roll Call vote: YEAS: Workman, Crider, Wilson, Robertson and Haines – 5. NAYS: None –Graham - 1. The motion carried 5-1. The Board entered into Closed session at 6:37 pm. The Board returned to Open session at 7:07 pm. G. Adjournment There being no further business to come before the Board, Trustee Crider moved to adjourn the meeting. Trustee Robertson seconded the motion. On a Roll Call vote: YEAS: Crider, Wilson, Graham, Robertson and Haines – 5. NAYS: Workman – 1. The motion carried 5-1. 6 Page 23 of 212 The Meeting adjourned at 7:08 pm. Janet E. Gray, MMC Village Clerk Approved ____________________________ Samuel E. Hall, III Village President ATTEST: ___________________________ Janet E. Gray, MMC Village Clerk I, Janet E. Gray, Village Clerk of the Village of Rantoul, Illinois, do hereby certify that the foregoing minutes are a true and correct copy of the Regular Meeting of the Board of Trustees held March 10, 2026 as the same appears on the records of the Village now in my custody and keeping. ____________________________ Janet E. Gray, MMC Village Clerk 7 Page 24 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Village Applicant Demographics DEPARTMENT: Administration Report DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. HR Report - March 2026 SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 25 of 212 Open Positions for Village of Rantoul March 2026 Position Census Report Experienced Police 2021 Police Officer Officer Race Number Percentage Number Percentage White 61.5% 9 90% 0 0% African American 19.6% 0 0% 0 0% Asian 1.6% 0 0% 0 0% Native Hawiian/Pacific Islander 0.0% 0 0% 0 0% Hispanic/Latino 12.7% 0 0% 0 0% American Indian 0.3% 0 0% 0 0% Two or More Races 16.2% 1 10% 0 0% Unknown 0.0% 0 0% 0 0% Gender Male 46.8% 6 60% 0 0% Female 53.2% 4 40% 0 0% Unknown 0.0% 0 0% 0 0% Total Applications Population Estimate, 07/01/2021 12,119 10 0 Open / Filled Full Time Position Full Time Position Police Police Position Census Report Chief of Operations - 2021 Director of Electric Wastewater Race Number Percentage Number Percentage White 61.5% 1 100% 4 17% African American 19.6% 0 0% 2 8% Asian 1.6% 0 0% 0 0% Native Hawiian/Pacific Islander 0.0% 0 0% 0 0% Hispanic/Latino 12.7% 0 0% 0 0% American Indian 0.3% 0 0% 0 0% Two or More Races 16.2% 0 0% 0 0% Unknown 0.0% 0 0% 18 75% Gender Male 46.8% 1 100% 6 25% Female 53.2% 0 0% 0 0% Unknown 0.0% 0 0% 18 75% Total Applications Population Estimate, 07/01/2021 12,119 1 24 Open / Filled Full Time Position Full Time Position Electric Public Works Page 26 of 212 Open Positions for Village of Rantoul March 2026 Position Census Report Street & Systems 2021 2026 Aquatic Positions Operator Race White 61.5% 68 51% 14 73% African American 19.6% 26 19% 3 16% Asian 1.6% 0 0% 0 0% Native Hawiian/Pacific Islander 0.0% 2 1% 0 0% Hispanic/Latino 12.7% 13 10% 0 0% American Indian 0.3% 0 0% 0 0% Two or More Races 16.2% 13 10% 2 11% Unknown 0.0% 12 9% 0 0% Gender Male 46.8% 43 33% 18 95% Female 53.2% 81 60% 1 5% Unknown 0.0% 10 7% 0 0% Total Applications Population Estimate, 07/01/2021 12,119 134 19 Open / Filled Seasonal Position Full Time Position Recreation Public Works Position Census Report 2021 Gas Tech Utility Clerk Race White 61.5% 4 80% 19 52% African American 19.6% 1 13% 6 17% Asian 1.6% 0 0% 0 0% Native Hawiian/Pacific Islander 0.0% 0 0% 0 0% Hispanic/Latino 12.7% 0 0% 5 14% American Indian 0.3% 0 0% 0 0% Two or More Races 16.2% 0 0% 1 3% Unknown 0.0% 0 0% 5 14% Gender Male 46.8% 4 80% 2 6% Female 53.2% 1 20% 30 83% Unknown 0.0% 0 0% 4 11% Total Applications Population Estimate, 07/01/2021 12,119 5 36 Open / Filled Full Time Position Full Time Position Public Work Public Works Page 27 of 212 Open Positions for Village of Rantoul March 2026 Position Census Report New Hires / Rehires 2021 Total Applicants March 2026 Race White 61.5% 119 52% 8 61% African American 19.6% 38 17% 4 31% Asian 1.6% 0 0% 0 0% Native Hawiian/Pacific Islander 0.0% 2 1% 0 0% Hispanic/Latino 12.7% 18 8% 1 8% American Indian 0.3% 0 0% 0 0% Two or More Races 16.2% 17 7% 0 0% Unknown 0.0% 35 15% 0 0% Gender Male 46.8% 80 35% 6 46% Female 53.2% 117 51% 7 54% Unknown 0.0% 32 14% 0 0% Total Applications Population Estimate, 07/01/2021 12,119 229 13 Open / Filled Application Totals New Hires / Rehires How did the applicant find out about the open position? Village of Rantoul 46 Facebook 38 Indeed 37 Other 31 Friend 30 Relative 18 Blank 29 Page 28 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Career Opportunities DEPARTMENT: Administration DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Open Positions SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 29 of 212 Page 30 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Item of Information: DEPARTMENT: Police Department ▪ School Speed Zone Area Expansion DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chief Tony Brown Scott Eisenhauer Page 31 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Items from Airport DEPARTMENT: Administration DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 32 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of a Self-Service Aviation DEPARTMENT: Administration Fuel Dispensing System for the Rantoul National Aviation Center from United Petroleum Service in the amount of $198,345.95, with a Contingency Fund of $20,000.00 DATE: April 7, 2026 AMOUNT: $198,345.95 - United Petroleum Service $6,600.00 - Concrete Pad $1,000.00 - Internet/WiFi $18,535.13 - 9% Contingency $224,581.11 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. 100LL AvGas Self-Serve Justification 2. Annual Aviation Fuel Sales 2020- 2025 3. Fuel Farm Photos 4. RNAC Site Plan 5. United Petroleum Service Quote 6. QTpod M4000 Brochure 7. PMC Fuel Dispenser SUMMARY HIGHLIGHTS: This Agenda Item provides for the purchase and installation of a new system that will allow for self-service dispensing and purchase of aviation gasoline at the Rantoul National Aviation Center. The proposal includes all hardware required to bring the two current bulk storage tanks (100LL AvGas and JetA fuel) up to the current safety code. The current system, which is 30 years old, does not allow for pilots to refuel their airplanes independently of the Airport Manager. This greatly restricts sales of fuel, and is very much out of step with current general aviation trends. Nearly every airport in our region offers self-service fuel. We expect that fuel sales will increase dramatically, providing revenue to justify the investment in the system. Further, increasing airplane traffic at the airport will increase local revenue at restaurants and hotels, as pilots will Page 33 of 212 more frequently choose to make the Village of Rantoul a destination. Furthermore, this system will allow one of the two aviation fuel trucks currently in use to be removed from service, resulting in a reduction in maintenance costs. Both trucks are over 30 years old and nearing end of life. The Self-Service Aviation Fuel Dispensing System vendor has been highly recommended and endorsed by the Village’s airport consultant, Mr. Jeff Olson of Hanson Professional Services. The vendor has significant prior experience with aviation fuel systems. The Airport Manager has been working with the vendor since September 2025, to ensure that a system that meets the needs of the airport for the foreseeable future, but also at a reasonable cost is specified. A Contingency Fund of 9% ($18,535.13) is requested for unforeseen requirements particular to the legacy system at the Airport. RECOMMENDED ACTION: Authorize the purchase of a new Self-Service Aviation Fuel Dispensing System in the amount of $198,345.95 with a contingency fund of $20,000.00 for any unforeseen requirements. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Bob Coverdill Scott Eisenhauer Page 34 of 212 Village of Rantoul National Aviation Center 6 Aviation Center Dr Rantoul Rantoul, IL 61866 Rantoul, IL 61866 Phone: 217.892.6895 Cell: 217-649-4558 Aviation Fuel (100LL) System Upgrade to Include Self Service Option February 23, 2026 Robert Coverdill Airport Manager The Rantoul National Aviation Center (RNAC) seeks to upgrade the currently installed aviation fuel system to include Self Service for 100LL AvGas, which will allow pilots to fuel their airplanes independently from ground support crew. 100LL is the type of fuel used in most general aviation airplanes. The current situation is that 100LL AvGas is dispensed from a 1200-gallon tanker truck directly to the customer’s airplane. This requires a Village employee (typically the airport manager or someone in Public Works as backup) to be on site to handle the transaction. It includes driving the truck to the location of the airplane, making proper connections, dispensing fuel, and making the credit card charges via the POS system in the airport office. While the current system is adequate, most general aviation pilots tend to be active on weekends and evenings when RNAC is not staffed. The RNAC is missing out on a huge opportunity to increase revenue (and profits) because there is no staff person on site during non-business hours to dispense/sell fuel. Most general aviation airports have long ago converted to Self-Serve fuel. Not only does it increase sales dramatically, but it also reduces cost because a fuel truck no longer is required (obviating maintenance and insurance costs), and refueling is safer as it is done in a controlled environment at the designated fuel station. And since no airport staff are required, wages do not have to be paid to sell AvGas. At RNAC Av Fuel sales (both 100LL and JetA) have been steady or increasing when data are analyzed from 2020- 2025. The chart below shows that the trends are very solid (tabular data are shown at end). In the 6-year window analyzed, over 50,000 gallons of 100L and 75,000 gallons of JetA were sold. In 2025 alone, nearly 10,000 gallons of 100LL were sold. This translates to nearly $725,000 in gross revenue and a profit of around $250,000 based up current markup. 100LL sales are projected to increase in the next few years based upon the increased level of general aviation activity, an increase in the number of airplanes based at RNAC, and the expected increase of business traffic. The addition of Ag Air Imaging LLC headquarters, a flight instruction program (Arends Aviation), and the full occupancy of the T-hangars with actively flying planes is driving fuel sales. In the past, 40% of the hangars were either used only to store items, or The Village of Rantoul Public Works Department, 200 West Grove Rantoul, IL 61866, Phone: 217-892-6526 Fax: 217-892-6527 http://www.village.rantoul.il.us Page 35 of 212 were vacant. Active airplanes buy gas. The likelihood of new business development adjacent to the airport in 2026 and beyond (further increasing demand for JetA) is very good. An increase of JetA sales in 2026 and future years of up to 100% is not unreasonable, even without a Self Serve option. (To reduce installation cost, JetA fuel will remain full-service, truck based.) The availability of 100LL Self-Serve fuel will dramatically increase the sales volume. Based upon activity by pilots at other nearby airports that offer Self-Serve fuel, it is safe to project a 200-300% increase within 1-2 years. Once RNAC is established as a reliable airport at which self-serve gas is available, along with an airport courtesy car to allow local trips to restaurants or sporting events, the volume of transient general aviation traffic will grow. Another factor that enters into this is the plan to increase the number of airplanes based at RNAC. Over the next 2-4 years, 20 additional T-hangars are anticipated, in addition to 4 large general aviation hangars by a private developer. There is also much interest in building 5 corporate size hangars (60’ x 60’) which can house business jets, turboprops, or multiple GA airplanes. An aviation maintenance shop is also being recruited, which will further increase traffic and fuel sales. The proposal for the installation of self-serve fuel system is $219,935. This is for the equipment required to bring the existing bulk storage tanks for 100LL and JetA into compliance (new electrical and safety components), dispensing equipment, credit card sales equipment, and infrastructure work at the site. The $200,000 loan necessary for installation will be serviced by expected increased fuel sales revenue/profit. It is also vital for the continued growth of the RNAC to preserve access to future FAA/IDOT funding, which will be based upon actual traffic count at the airport. Page 36 of 212 Annual, Cumulative 30000 25000 20000 15000 10000 5000 0 2020 2021 2022 2023 2024 2025 100 LL JET A Annual Aviation Fuel Sales 2020—2025 (gallons) Annual Aviation Fuel Sales 2020-2025 (Monthly Detail) Page 37 of 212 Rantoul Fuel Farm Overhead View Page 38 of 212 Existing AV Fuel Loading Area Page 39 of 212 Existing Control Hardware Page 40 of 212 Existing Electrical Contactors Page 41 of 212 Page 42 of 212 United Petroleum Service 128 Millwell Dr. Maryland Heights, MO 63043 (314) 241-3767; (314) 241-3771 (FAX) Quote Number: 260056 rev. 2 4/1/2026 Customer/Bill To: Site Address: Bob Coverdill Rantoul National Aviation Center Rantoul National Aviation Center 6 Aviation Center Drive 6 Aviation Center Drive Rantoul, IL 61866 Rantoul, IL 61866 Quote Expires on: 5/1/2026 100LL AvGas Reel & Credit Card Payment System Please find enclosed, the proposal developed for your project based on our understanding of your needs at this time. We appreciate the opportunity to submit this proposal for your consideration. Included in this quotation are descriptions and prices for equipment at your jobsite and terms, exclusions and conditions. If the equipment quoted or the scope of work differs from your specifications, we will be happy to modify this proposal as required. Thank you for the opportunity to be of service to you. We at United Petroleum Service sincerely appreciate your business. If there is any additional information that you should like concerning this quotation, please do not hesitate to call me at (314) 241 3767. Sincerely, Adam Cole Page 43 of 212 United Petroleum Service 128 Millwell Dr. Maryland Heights, MO 63043 (314) 241-3767; (314) 241-3771 (FAX) Quote #: 260056 rev. 2 Scope of Work 1 Provide and Install AvGas100LL dispensing aviation single wrap hose reel with 1 1/2" hose, and Static grounding reel. 2 Piping from Velcon Filter outlet connection to nozzle stand to be stainless steel. 3 Piping between nozzle outlet piping to reel to be stainless steel. 4 Updated two three phase motor controllers to Guardian Series controllers and outdoor Nema cabinet box. 5 Two Emergency off buttons to be installed at dispenser location. Existing buttons at electric panel to be wired up correctly to kill all site fueling. 6 Qtpod Wireless Wi-Fi card payment system with Multidisplay to be installed for fuel sales. (Site currently has Arrow Energy Credit Card processing ) 7 Provide and install one Veeder Root registers with pulser to connect to Qtpod for fuel dispensing trackability. 8 Others to pour 24' x 20' concrete pad for dispenser and reels and bollards 9 Trenching from electrical service to storage tank to be performed for electrical conduits and wiring. 10 Apply final seeding and straw to back fill areas. Page 2 of 6 Page 44 of 212 United Petroleum Service 128 Millwell Dr. Maryland Heights, MO 63043 (314) 241-3767; (314) 241-3771 (FAX) Notes/Exclusions * Applicable taxes are not included. * All pricing to be confirmed at the time of quote acceptance. * We strive to provide accurate estimates based on the best available information at the time of quoting. However, final costs may vary due to factors such as material costs, labor costs, taxes, or other unforeseen circumstances. * Quote is based on pricing for subs, rentals and backfill at the time of quote preparation. These prices will be confirmed at the start of the project. Any increases on these fees will be passed along to the customer. * Estimated shipping and handling costs are included in this quote; however, actual charges will be calculated at the time of shipment and billed accordingly. Any variance between the estimated and actual shipping costs will be the responsibility of the buyer. * The quoted prices exclude all tariffs, duties, import or export taxes, and other regulatory fees unless specifically stated otherwise. Any such additional costs imposed by government agencies will be the responsibility of the buyer. * United Petroleum reserves the right to suspend all petroleum-related services and operations in the event that the customer's account becomes delinquent. Such suspension may remain in effect until the outstanding balance is paid in full or satisfactory payment arrangements are made. * Quote excludes any environmental fees. * Quote excludes concrete. All concrete work to be performed by others. * OSFM permit fee included in this Quote. Any additional permits required will be reciprocated back to customer at cost plus 10%. Page 3 of 6 Page 45 of 212 United Petroleum Service 128 Millwell Dr. Maryland Heights, MO 63043 (314) 241-3767; (314) 241-3771 (FAX) Total: $198,345.95 *Applicable Taxes are Excluded TERMS: TBD Upon New Customer Form Submittal I hereby acknowledge that I have read and understand the notes/exclusions and agree to the terms listed within this quotation. Initial: __________ Approved By: Printed Name ______________________________ Date ____________ Signature ______________________________ Title ____________________ NOTICE TO OWNER: Failure of this contractor to pay those persons supplying material or services to complete this contract can result in the filing of a mechanics lien on the property which is the subject of this contract pursuant to Chapter 429, RSMO. To avoid this result you may ask this contractor for "Lien Waivers" from all persons supplying material or services for the work described in this contract. Failure to secure Lien Waivers may result in your paying for labor and materials twice. Page 4 of 6 Page 46 of 212 Quote #: Material List 260056 rev. 2 Part # Description Quantity Hose H-FD-WINGCRAFT-BK-300-0150-200 1 1/2" CONTINENTAL WINGCRAFT 300 PSI BULK HOSE 75 Submersible Turbine Pump and Controllers 5800103220 TPGC-220 GUARDIAN CONTROLLER 2 Under Dispenser Containment FC15MS-HM-018 1.5" DoubleTrac Flex Connector, 1.5" Male Swivel x 1.5" NPT Male, 18" 1 Misc. Materials DANC Dispenser Anchor Bolts 20 PB16 E-Seal Pipe Dope (Gasoline) 1 0 Stainless Steel Pipe 1 27258 2 SS Pipe 304 Sch 40 40 26593 2 304 SS Thrd 90 5 26709 2 304 SS Thrd Union 3 26646 2x1-1/2 304 SS Thrd Redu 1 26559 2 304 SS Thrd Coupling 1 26704 1-1/2 304 SS Thrd Union 2 26554 1-1/2 304 SS Thrd Coupling 1 26588 1-1/2 304 SS Thrd 90 2 27051 2x4 SS 304 Nipple 10 26995 1-1/2x4 SS 304 Nipple 4 544705 2 SS Ball 2PC Latch Lock Lever 2 544703 1-1/2 SS Ball Latch Lock Lever 1 1802 1-5/8x20FT SS Slotted Channel 40 2018 2IP Pipe & Conduit Clamp 12 MISC1 Misc. Unistrut Materials 1 Fuel & Ground Reel HANNAY STATIC GROUNDING REEL W/ 75' CLEAR PCC CABLE AND MHGR50-75 UPGRADED GTP-9654 GATOR CLAMP PART #9951.0032 1 HANNAY V-5000 SERIES, 115VAC/60HZ 163 MOTOR POWER REWIND SUPPLIED WITH EXPLOSION PROOF SWITCH, SOLENOID AND JUNCTION BOX, 1-1/2"X75' HOSE REEL CAPACTIY (LESS HOSE), 600 PSI,1-1/2" FEMALE V-EPJ-5111-56-58-20 NPT INLET/OUTLET 1 0 Payment Console System 1 QT Pod Model M4000 Self-Serve Fueling Terminal 1 hose control, wired ethernet M4000 capability 1 0 Options: 1 DPI DPI relay module (for additional hose point) 1 SSR Solid state relay 1 Multidisplay Multidisplay w/ power supply and mount 1 TLX TLX 50 surge suppressor 1 WiFi Wi-Fi Kit 1 0 Hose Nozzle Stand 1 Hose Stand / Solenoid, 1-1/2" connections, Overhead supply, Stainless Steel HSH60BV-OH-SS construction, 1290 Style Nozzle Boot. 1 710SS-2200 1V 2" SS Solenoid Valve 1 Without Hold Open Clip, with Aviation Red, Round Spout, and 1½ FNPT (38mm) 13739218N Inlet Inline Swivel 1 0 Emergency Stops 1 IA-ESOC-T Emergency Stop Operator, twist to release with lift-up clear cover (yellow) 2 Emergency Stop Operator mounting plate with "EMERGENCY FUEL SHUTOFF" IA-ESPLATE nameplate 2 0 Meter Register w/ Pulser 1 Visible Register 7887 Series with 7671 100:1 Pulser Mounted - New Style - 1/10th 0788703-003 Gallons - With Case 1 Page 5 of 6 Page 47 of 212 TERMS AND CONDITIONS Equipment will be billed on receipt and payment is due net 10 days from receipt of invoice. If merchandise is shipped to United Petroleum's warehouse for sake of convenience, this will also be considered delivery. Installation work to date will be billed at the end of each month and payment is due Net 10 days from receipt of invoice A mechanics lien may be filed when payment is not received according to terms of the contract. "Unless prior approval has been made, a 33-1/3% down payment shall be required." It is acknowledged that United Petroleum has no responsibility for security of the site. "Buyer (which shall include a general contractor if this a subcontractor) shall take precautions to provide reasonable protection to prevent damage, injury or loss to such materials and equipment supplied, stored or installed by United Petroleum." Buyer shall be responsible to obtain builders risk insurance. United Petroleum reserves the right to charge the Buyer 1-1/2% per month on any past due balance. This represents an annual rate of 18%. Prices quoted do not include freight charges unless specifically noted. "Prices quoted are for acceptance within thirty (30) days and, unless otherwise specified, are subject to change without notice after that date." All prices quoted in this proposal are subject to any and all price increases imposed by the manufacturer to United Petroleum between the time the project is bid and the time the equipment is shipped to the Buyer. "If material ordered is cancelled, cancellation charges will apply as specified by the manufacturer." Any canopies of fascia system included in this quotation shall not be cancelable after manufacturing begins. New equipment furnished as part of this proposal is warranted by the manufacturer's warranty. These warranties are passed from United Petroleum to Buyer according to the manufacturer's policy. "No other warranties, whether expressed or implied, are made by United Petroleum." Delivery promises are contingent upon fire, strikes, accidents or any other causes beyond the control of United Petroleum, delivery, unless otherwise states, does not include unloading. Buyer shall make a storage area available to United Petroleum." Any necessary relocation of equipment or installation of materials from the designated area will be at the Buyer's expense. "Excavation quotations are based on normal conditions. In the event any of the following are encountered, and are not shown on plot plans or made known to United Petroleum, United Petroleum shall not be held responsible; underground structures, cables, conduit, water, sewer or telephone lines. Under no conditions will United Petroleum be held responsible for cave-ins, unusual water table levels, sandy sail, rock, or any developments not encountered under normal conditions." This installation price does not include any electrical unless specifically stated in the bid. Purchaser will be responsible for providing liquid ballast for filling all underground storage tanks immediately upon setting tanks in excavation. United Petroleum shall not be responsible for contamination or loss of product used for ballast. "Unless specified, ""as built drawings"" that may be required are not included in this quotation." If because of winter construction, it is necessary to remove frost or to protect backfill or concrete from freezing, addition expenses involved shall be charged to Buyer on a time and material basis." Installation quotations do not include any soil analysis or clean up of any contaminated soils or ground water unless specifically noted. "United Petroleum shall not accept responsibility for laws or regulations not in effect as of the date of this proposal, including those that are imposed retroactively. Notwithstanding the above, in the event any such laws or regulations are imposed which require additional work or changes in the scope of work, United Petroleum shall have the right to increase/decrease the price to comply with such laws, governmental regulation and rules." "It shall be the responsibility of Buyer to continue to keep daily accurate inventory records on products stored in tanks, lines and dispensing equipment. In the event of a shortage within, one year from date of installation, Buyer shall immediately notify United Petroleum. United Petroleum shall not be held responsible for shortages, clean-up or related cost incurred for said shortages prior to notification." "Notification must be first made by telephone contact, immediately followed by written notification confirming telephone contact." "Notwithstanding anything to the contrary herein, Buyer agrees that United Petroleum's liability for damages and expenses, direct or indirect, resulting from a leak or leaks of product into the environment shall be limited to the lesser of $50,000.00 or the amount paid to United Petroleum pursuant to this Proposal Acceptance." "Buyer (which shall include a general contractor in the event this is a subcontractor) shall defend, indemnify and hold harmless United Petroleum, its office, employees, affiliates, representatives and insurers, from and against any actual or alleged liability, loss, damage, cost, demand, fine and expense (including reasonable attorney's fees) caused by arising our of the resulting from (whether directly of indirectly) which United Petroleum may suffer and incur by reason of bodily injury, including death, to any person or persons, or by reason of damage to or destruction of any property, including the loss of use thereof, arising out of or in any manner connected with the project of which this Contract forms a part, other than arising out of or in connection with the work to be performed by United Petroleum hereunder or resulting from the negligence of United Petroleum." The obligations of Buyer hereunder are not contingent or conditioned upon the receipt of insurance or other third party payments." Precision testing procedures performed on any portion of the underground storage tank fueling system are designed to detect leaks in the UST system itself, therefore, United Petroleum cannot accept any liability for any ground/water contamination resulting from spills or any release which may occur before, during or following the testing procedures." OWNERSHIP - Unless otherwise directed by customer or if this contract is to be completed in the state of Illinois, if this contract includes installation, it is a construction contract which is an agreement between the Contractor and the Owner to alter, improve, repair, replace, or erect real property. It is expressly agreed that title to and ownership of the fixtures included in a construction contract pass to the Owner upon permanent and complete installation of the fixtures to real estate. A construction contract will include a surcharge (S/C) to cover the non-itemized expenses, which include but are not limited to all applicable sales and use taxes incurred in the fulfillment of the construction contract. If this contract is to be completed or installed in the state of Illinois or if this contract does not include installation or if it is a contract with a valid tax-exempt organization or if a valid resale certificate has been issued, it is a sale of tangible personal property and it is expressly agreed that title and ownership of the fixtures pass upon delivery, prior to installation. All taxable sales of tangible personal property will have the appropriate sales tax (S/T) charged on the invoice. Initials Page 48 of 212 M4000 Presentation & Info Mark Slawson sales@qtpod.com +1 303 444-3590 Page 49 of 212 Contents • Background • Communication options • Siteminder • Cloud Subscriptions • Popular Options • Contact information M4000 Distributor Sales Guide 2 Page 50 of 212 M4000 Background  Company history  M4000 feature set  Information process flow  Why do our customers choose the M4000? Page 51 of 212 Company history • 1985—The first aviation self-serve fueling • 2013—QT Technologies is rebranded QT Petroleum on system was developed by Applied Demand / QTpod. Begin design of M4000. Technology, Inc. This product was named the M1200. • 2017—QTpod debuts M4000 at NBAA Schedulers & Dispatchers Conference. • 1993—Applied Technology releases its 2nd generation self-serve system, the M1000. • 2022—QTpod appears in Ozark (M3000) and This was designed to be a lower cost option Vengeance (M4000). to the M1200 with less features to appeal to • 2023—QTpod launches EMV and tap-to-pay solution GA airports with limited budgets. to Canadian, fleet, and marine markets. • 2002—Applied Technology releases its 3rd generation self-serve system, the M3000. This product combines many of the features and offerings of the M1200 and M1000 units. This model is offered in various configurations and packages and is marketed to marinas and private fleets as well as aviation. • 2004—Applied Technology is sold and renamed QT Technologies. All the best features offered on the M3000 platform are made standard and sold as the M3000 Pro. M4000 Distributor Sales Guide 4 Page 52 of 212 M4000 feature set M4000 Distributor Sales Guide 5 Page 53 of 212 M4000 information process flow M4000 Distributor Sales Guide 6 Page 54 of 212 Why do our customers choose the M4000? M4000 Distributor Sales Guide 7 Page 55 of 212 M4000 Communication options  Ethernet  Wi-Fi  Ubiquity Nanostation  Cellular (Verizon) Page 56 of 212 Communications—Direct Ethernet The M4000 comes standard to accommodate a wired Ethernet connection. A wired Ethernet connection is a very good option if certain conditions can be met as this provides a stable and consistent connection to the customers’ network. This also avoids the increased cost of optional communication kits. However, there are several factors that may determine whether or not this is the best option. 1. A wired Cat 5 or Cat 6 cable has distance limitations of around 300 feet. Beyond that range, the signal begins to degrade and become less reliable. Some IT staff may be able to install boosters to push the signal further, but QTpod can not guarantee the reliability of this. 2. There may be financial or logistical restraints to pulling and Ethernet line to the fuel island. In some instances, it may be the case that an existing phone line for an M3000 or competitor unit already in place terminates in the same location as the network panel. In such instances, the customer may be able to attach Cat 5 to the phone line and as they pull the phone line out, they pull the Cat 5 into its place. However, if the Cat 5 needs to terminate elsewhere it may be cost prohibitive or technically difficult to get the Ethernet cable to the M4000. M4000 Sales Guide 9 Page 57 of 212 Communications—Wi-Fi • QTpod offers an optional Wi-Fi kit for $500 MSRP that will allow the M4000 to access the web via the customer wireless network. This is a good option for those customers who can’t get an Ethernet cable out to the system and do not want the additional cost of a cell plan. There are some factors to take into consideration if this route is chosen. 1. You will want to confirm that the customer can get a strong, consistent Wi-Fi signal at the fuel island. This can be affected by several factors such as: • Distance of the fuel island from the wireless router • Any obstacles between the router and the fuel island • Quality and reliability of the customer’s wireless router • Quality and reliability of their internet service provider (ISP) 2. The customer’s IT personnel may be able to utilize a commercially available outdoor wireless range extended to boost the Wi-Fi signal to the fuel farm area. M4000 Sales Guide 10 Page 58 of 212 Communications—Ubiquiti Nanostation • Another option for installations which exceed the distance limitations of Cat 5 or Wi-Fi- communications is a Ubiquity Nanostation. This is a point-to-point wireless antenna system that can transmit an Ethernet signal up to 9 miles. • QTpod does not sell this system, but many customers have used this with good results. The model most customers are using is the Ubiquiti Nanostation LocoM2-US Pre-Configured Indoor/Outdoor airMax CPE 2.4 GHz 2 pack. This can be purchased on Amazon for $150-$250. M4000 Sales Guide 11 Page 59 of 212 Communications—Cellular (Verizon) • Cellular communications is the preferred method for use on the M4000. This is due to the ease of installation and the speed and high reliability of cellular networks. M4000s shipped with our optional cellular kit will come preconfigured with the wireless account provided by QTpod. The advantage of this is that there is literally no work for the installer to set-up a communications link for the M4000. Once the system is powered up, it automatically communicates with the nearest cell tower. This also provides a high degree of reliability as it does not interface with the customer’s network. Therefore, if anyone makes changes to internet service providers or to their firewall, it will have absolutely no effect on the M4000. • QTpod’s cellular kit is $1000 MSRP. This also requires a Verizon unlimited data plan provided by QTpod for $480/year. This cellular plan is added to the customer’s yearly service subscription. • Prior to choosing this option, it is advised that someone with a Verizon cellular plan check the signal strength at the fuel farm location. M4000 Sales Guide 12 Page 60 of 212 M4000 Siteminder Page 61 of 212 Siteminder M4000 Sales Guide 14 Page 62 of 212 Siteminder- Setting Prices • Set Fuel Prices Remotely • Class Discounts • Cost-Plus • % or $ Discounts • Apply to 1 or more products • Apply to house accounts • Volume Discounts • % or $ based • Unlimited discount levels M4000 Sales Guide 15 Page 63 of 212 Siteminder- Transactions M4000 Sales Guide 16 Page 64 of 212 M4000 Cloud Subscriptions Page 65 of 212 Cloud Subscriptions M4000 Sales Guide 18 Page 66 of 212 M4000 Popular options  MultiDisplay  TLX-50 AC Line Surge Suppressor Page 67 of 212 MultiDisplay • Allows pilot to monitor fueling transaction from up to 100’ away • Assist with balancing fuel load on twin engine aircraft • Rugged Aluminum Case with Powder Coated Finish • Temperature: - 30°C to 70°C • Overall Dimensions: 20” High, 16“ Wide, 4” Deep • Solid State 3” Bright Red LED Digits - Visible from up to 100 Feet away M4000 Sales Guide 20 Page 68 of 212 TLX-50 • Designed to protect M4000 components from lighting and extreme power surges. • Can be ordered pre-mounted and wired into the M4000. • Units equipped with TLX-50 in combination with Premium Subscription receive lightning coverage on all damaged parts. M4000 Sales Guide 21 Page 69 of 212 Mark Slawson Sales, QTpod Main: +1 303 444 3590 Direct: +1 720 573 0389 sales@qtpod.com www.qtpod.com M4000 Distributor Sales Guide 22 Page 70 of 212 Page 71 of 212 Page 72 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Contract for Partial Roof DEPARTMENT: Community Planning & Replacement at 735 Pacesetter Drive Development (Hangar 1) with Sentry Roofing, Inc. in the amount of $302,416.00 DATE: April 7, 2026 AMOUNT: $151,208.00 - Airport Fund (582) $151,208.00 - EDC Fund (585) $302,416.00 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. 735 Pacesetter Drive (Hangar 1) Proposal SUMMARY HIGHLIGHTS: This item provides for the partial replacement of the roof on the Village-owned building at 735 Pacesetter Drive (Hangar 1). The project will consist of removal of existing roofing, and application of a new PVC membrane roof to approximately 36,000 square feet of the low-bay area of the building. This work is being completed by the Village, as the owner of the building. The building is currently being leased to Flyover Film Studios. Staff prepared and released a Request for Proposals in January, and the proposals were received and opened on February 24. Staff went the RFP route to ensure maximum flexibility for contractors to recommend different materials and applications, and to divide the entire roof up into multiple sub areas. A total of seven proposals were received. Through subsequent discussions, staff determined that the portion of the roof labeled as the Alternate 1 area in the RFP was most in need of replacement. Sentry Roofing, Inc, provided the lowest quote for the desired PVC membrane roof for that Alternate 1 area in the amount of $302,416.00. Staff then determined that this quote and the proposer met all requirements, and thus this quote is being recommended for acceptance. This project would be funded 50% from the Airport fund and 50% from the EDC fund. It is anticipated that the work would start in the next two months and be completed by the end of August. RECOMMENDED ACTION: Authorize the acceptance of the proposal and awarding of Page 73 of 212 a contract to Sentry Roofing, Inc in the amount of $302,416 for the replacement of part of the roof at 735 Pacesetter Drive. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chris Milliken Scott Eisenhauer Page 74 of 212 Page 75 of 212 Page 76 of 212 Page 77 of 212 Page 78 of 212 Page 79 of 212 Page 80 of 212 Page 81 of 212 Page 82 of 212 Page 83 of 212 Page 84 of 212 Page 85 of 212 Page 86 of 212 Page 87 of 212 Page 88 of 212 Page 89 of 212 Page 90 of 212 Page 91 of 212 Page 92 of 212 Page 93 of 212 Page 94 of 212 Page 95 of 212 Page 96 of 212 Page 97 of 212 Page 98 of 212 Page 99 of 212 Page 100 of 212 Page 101 of 212 Page 102 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Downtown Reconstruction & DEPARTMENT: Community Planning & Streetscaping Project Update Development DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Christopher Milliken Scott Eisenhauer Page 103 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of Connecting Concrete DEPARTMENT: Administration Sidewalks and Pads for the Rantoul Family Sports Complex from Mid-Illinois Concrete & Excavation Inc. in the amount of $74,805.00 DATE: April 7, 2026 AMOUNT: $74,805.00 ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Mid Illinois Sports Complex Sidewalks Proposal 2. Sports Complex Sidewalk Addition Project Locations SUMMARY HIGHLIGHTS: When the Rantoul Family Sports Complex (RFSC) was constructed, one omission we have since discovered was concrete connecting the gated areas of the diamonds to the connecting sidewalk. The reason this would be beneficial is to provide clear and connected access on and off the fields with portable fencing. As it is now without the connecting concrete, the fences are dragged through grass and mud, damaging the wheels and the bottom of the fence, causing significant and costly repairs. This movement also requires more personnel, since going through (or above) the grass and mud surface requires additional strength. Following the storm damage last spring, we replaced a number of fence panels damaged in the incident. We also, through evaluation of the location use process, discovered that if we had concrete connectors in place it would ease the movement from one field to another and reduce the need to replace all the fencing. In other words, the best long-term use of the money would be to put the concrete in place, and move the fencing more easily, thereby not needing as much, versus buying more fencing which would need to be repaired or replaced more frequently due to the wear and tear of moving it through the grass and mud. The Administration felt it was financially more beneficial to purchase the installation of concrete. We had recently gone out for bid on other concrete work which needed to be done at the RFSC and Mid-Illinois Concrete & Excavation, Inc. was the low bidder. We approached them to see if they would be willing to also do this work at similar pricing, Page 104 of 212 and with a positive response, we asked them to quote the items needed. The total amount of work, including all connections and a pad to store the fencing off the fields, totals $74,805.00. Due to the upcoming schedule, and the use of the fields daily beginning after the Easter holiday weekend, we asked for this work to be done as an emergency, so it could be completed prior to the start of the full daily schedule, and limit the need for us to prohibit entry in some areas or waiting until the fall or next spring to complete this project. While this project was not budgeted, there are remaining funds in the storm damage claim payout to cover the expense of the installation. RECOMMENDED ACTION: Approve the Purchase of Connecting Concrete and Pads from Mid-Illinois for $74,805. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Scott Eisenhauer Page 105 of 212 Page 1 of 2 3/18/2026 Proposal Rantoul Rec Department Attn: Andy Graham Job: Rantoul Sports Complex Field Access Sidewalks Location: Rantoul, IL Mid Illinois Concrete proposes to complete the following scope of work as outlined below. Scope of Work:  Concrete Sidewalks Between Fields: Approx. 400’ of 6’ Wide Sidewalk.  Strip existing topsoil, hauling spoils off site.  Furnish and install 2” CA-6 sub-base.  Drill and dowel into existing sidewalks.  Furnish, place, and broom finish a 4” concrete sidewalks to fence gates.  Apply curing compound.  Saw cut control joints.  Backfill sidewalks with topsoil.  Clean up our work. Total Field Connecting Sidewalks: $40,855.00  Concrete Sidewalk Around Batting Cage: Approx. 1,590 SF  Strip existing topsoil, hauling spoils off site.  Furnish and install 2” CA-6 sub-base.  Drill and dowel into existing sidewalks.  Furnish, place, and broom finish a 4” concrete sidewalks up to cages.  Apply curing compound.  Saw cut control joints.  Backfill sidewalks with topsoil.  Clean up our work. Total Base Bid: $33,950.00 / Set of Cages Ph: 217.366.3444 P.O. Box 926, Champaign, IL 61824-0926 Fax: 217.954.1601 Page 106 of 212 Page 2 of 2 3/18/2026 Proposal Exclusions / Clarifications:  Testing, permits, fees and bonds are not included.  Construction layout and engineering is not included.  Locating of private utilities is by provided by others. Mid-Illinois Concrete is not responsible for any damage, delays or associated cost due to unmarked private utilities.  Removal, replacement or conditioning of unsuitable, hazardous or contaminated soils is not included.  No reinforcement is figured in sidewalks.  Special concrete finishes over and above initial curing compound are not included.  Furnishing of misc. metals, anchor bolts, base plates, bollards, handrails, etc. are not included.  Winter provisions (winter concrete and chemical charges, blanket coverage and heat for ground thawing and concrete curing) are not included.  Snow and ice removal is not included.  No back charge to Mid-Illinois Concrete will be recognized without 48hr written notice.  This proposal, including terms and conditions, if accepted will become part of any contract document.  This proposal is good for 30 days. Thank you for the opportunity to quote this project. Please feel free to contact me if you have any questions or concerns. Mid Illinois Concrete & Excavation, Inc. Austin Cain ACCEPTANCE OF PROPOSAL The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as listed as above. Payments will be made upon receipt of invoice unless other arrangements are made. Authorized Signature: __________________________________ Date of Acceptance: _________________________________ Ph: 217.366.3444 P.O. Box 926, Champaign, IL 61824-0926 Fax: 217.954.1601 Page 107 of 212 Page 108 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Construction Contract for the DEPARTMENT: Public Works Wastewater Treatment Plant Improvements Project, Phase II with Grunloh Building, Inc. in the amount of $8,103,385.00 DATE: April 7, 2026 AMOUNT: $8,103,385.00 ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Donohue & Associates, Inc Bid Evaluation SUMMARY HIGHLIGHTS: This Agenda item provides for a construction contract with Grunloh Building Inc. in the amount of $8,103,385.00 to develop the Wastewater Treatment Plant Improvements Project, Phase 2 that will include: ▪ Replacing 1 of 2 Traveling Bridge Sand Filters with a Cloth Media Filter ▪ Improvements to Digester Gas Handling, including a new Heat Exchanger ▪ Updated HVAC Equipment ▪ Updated Gas Safety Equipment ▪ Replacing 1 of 3 Storm Screw Pumps ▪ Replacing Primary Sludge Withdrawal Valves ▪ General Building Improvements Pursuant to the Official Advertisement for Bids, sealed bids for the above-referenced Project were received on March 19, 2026 at 2:00 pm local time, and publicly opened and read aloud. Public Works Staff and Donohue & Associates have reviewed the Bids received for the work, and have enclosed a copy of the prepared Bid Tabulation and evaluation for your information and consideration. Two sealed bids were received. The low bid was submitted by Grunloh Building, Inc. of Effingham, Illinois for the amount of $8,103,385.00. The second bid was submitted by Leander Construction, Inc. in the amount of $8,599,000.00. It is our opinion that the lowest bidder, Grunloh Building, Inc., submitted a responsive, responsible bid, and is capable of performing the work as specified. Grunloh Building performed the work on Phase 1, and we are satisfied with the outcome. A contract award by the Village of Page 109 of 212 Rantoul would be on the condition of closing the Illinois Environmental Protection Agency (IEPA) State Revolving Fund Loan. This construction will be funded out of the Wastewater Reserves Fund, Account 536- 1180-430.75-70, and then the Reserves Fund will be reimbursed by the IPEA Loan. RECOMMENDED ACTION: Authorize the award of a construction contract with Grunloh Building Inc. in the amount of $8,103,385.00 to develop the Wastewater Treatment Plant Improvements (Phase 2) Project DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 110 of 212 Page 111 of 212 Page 112 of 212 Page 113 of 212 Page 114 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Service Agreement for the Waste DEPARTMENT: Public Works Water Treatment Plant Public Safety Training Facility Site Construction with Stark Excavating, Inc in the amount of $687,199.00 DATE: April 7, 2026 AMOUNT: $687,199.00 - ARPA Funds ATTACHMENTS: ADMINISTRATIVE NOTES: 1. WWTP Public Safety Training Facility Relocation SUMMARY HIGHLIGHTS: This Agenda item provides for a service agreement with Stark Excavating, Inc. in the amount of $687,199.00 for the furnishing of all equipment, materials, and labor necessary for construction of the Rantoul WWTP Public Safety Training Facility near 1448 Titan Drive. In 2024, as part of the Rantoul Wastewater Treatment Plant Phase 1 upgrades, the Public Safety Training Facility was decommissioned, with the dirt being moved to 1448 Titan Drive in anticipation of this Project. A request for bid was sent out, and the Village received eight competitive bids. Stark Excavating was the low bidder, and they are a reputable company in good standing. Recently they completed concrete work around the new Busey Bank. This Project includes storm & sanitary sewer, water main, parking, sidewalks, and a gated fence. America Rescue Plan Act funds will be used, and the project has a completion date of September 30, 2026. RECOMMENDED ACTION: Authorize the approval for a service agreement with Stark Excavating Inc. in the amount of $687,199.00 for the furnishing of all equipment, materials and labor necessary for construction of the Rantoul WWTP Public Safety Training Facility near 1448 Titan Dr. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 115 of 212 Page 116 of 212 Page 117 of 212 Page 118 of 212 Page 119 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of 20,000 feet of 15kV DEPARTMENT: Public Works Underground Cable for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $605,200.00, with a $42,300.00 Contingency Fund DATE: April 7, 2026 AMOUNT: $605,200.00 - 20,000 ft 15lV Cable $42,300.00 - Contingency (7%) $647,500.00 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Prospect Substation Project - Underground Cable Quotes SUMMARY HIGHLIGHTS: This agenda item provides for the purchase of 20,000 feet of 15kV Underground Cable from Fletcher-Reinhardt in the amount of $605,200.00 for the proposed construction of the New Prospect Substation Project. The Village received four competitive quotes. The quotes have been reviewed for completeness and ability to meet specification requirements. The quote from Fletcher- Reinhardt Company was the apparent low quote, and it did not include any noteworthy clarifications besides standard price escalators. Fletcher-Reinhardt has a good list of completed reference projects. The company appears to be in good standing, and they employ certified and trained craftsmen. Therefore, BHMG Engineers, Inc. recommends awarding the contract to Fletcher- Reinhardt Company for the purchase of 20,000 feet of 15kV Underground Cable. Due to potential price escalators and potential design changes, we would advise a contingency fund of $42,300.00. The purchase was included in the Fiscal Year 2026 Reserves Budget, Account 541- 1180-430.75-70. RECOMMENDED ACTION: Authorize the purchase of 20,000 feet of Underground Page 120 of 212 Cable from Fletcher-Reinhardt in the amount of $605,200.00 for the proposed construction of the New Prospect Substation project with a contingency of $42,300.00. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 121 of 212 Page 122 of 212 Page 123 of 212 Page 124 of 212 Page 125 of 212 Page 126 of 212 Page 127 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of four Steel Poles for the DEPARTMENT: Public Works Electric Department Proposed Prospect Substation Project from MVA Power, Inc. in the amount of $97,410.30, with a $4,870.00 Contingency Fund DATE: April 7, 2026 AMOUNT: $97,410.30 - Steel Poles $4,870.00 - Contingency (5%) $102,280.30 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Prospect Substation Project - Steel Poles Quotes SUMMARY HIGHLIGHTS: This agenda item provides for the purchase of four steel poles from MVA Power, Inc. in the amount of $97,410.30 with a lead time of 23 weeks for the proposed construction of the New Prospect Substation project. The Village received two competitive quotes. The quotes have been reviewed for completeness and the ability to meet specification requirements. The quote from MVA Power, Inc. was the apparent low quote, and it did not include any noteworthy clarifications besides standard price escalators. MVA Power, Inc. has a good list of completed reference projects. The company appears to be in good standing. Therefore, BHMG Engineers, Inc. recommends awarding the contract to MVA Power, Inc. for the purchase of four steel poles. Due to potential price escalators, tariffs and potential design changes, a contingency fund of $4,870.00 is advised. The purchase was included in the Fiscal Year 2026 Reserves Budget, Account 541- 1180-430.75-70. RECOMMENDED ACTION: Authorize the purchase of 4 steel poles from MVA Power, Inc., in the amount of $97,410.30 for the proposed construction of the New Prospect Substation project with a contingency of $4,870.00. Page 128 of 212 DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 129 of 212 Page 130 of 212 Page 131 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of Bus, Arrestors, and DEPARTMENT: Public Works Insulators for the Electric Department Proposed Prospect Substation Project from Fletcher-Reinhardt Company in the amount of $56,961.26, with a $2,800.00 Contingency Fund DATE: April 7, 2026 AMOUNT: $56,961.26 - Various Components $2,800.00 - Contingency (5%) $59,761.26 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Prospect Substation Project - Bus, Arrestors, Insulators Quotes SUMMARY HIGHLIGHTS: This agenda item provides for the purchase of various Bus, Arrestors, and Insulators from Fletcher-Reinhardt in the amount of $56,961.26 for the proposed construction of the New Prospect Substation. The Village received two competitive quotes for material for the Prospect Substation Project. The quotes have been reviewed for completeness and the ability to meet specification requirements. The quote from Fletcher-Reinhardt Company was the apparent low quote, and it did not include any noteworthy clarifications besides standard price escalators. Fletcher-Reinhardt has a good list of completed reference projects. The company appears to be in good standing and employs certified and trained craftsmen. Wesco’s quote was incomplete, and the reason for the lower dollar amount. BHMG Engineers, Inc. recommends awarding the contract to Fletcher-Reinhardt Company for the purchase of Bus, Arresters, and Insulators. Due to potential price escalators and potential design changes, Staff would advise a contingency fund of $2,800.00. The purchase is included in the Fiscal Year 2026 Reserves Budget, Account 541-1180- 430.75-70. Page 132 of 212 RECOMMENDED ACTION: Authorize the purchase of Bus, Arrestors, and Insulators from Fletcher-Reinhardt in the amount of $56,961.26 for the proposed construction of the New Prospect Substation project with a contingency of $2,800.00. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 133 of 212 Page 134 of 212 Page 135 of 212 Page 136 of 212 Page 137 of 212 Page 138 of 212 Page 139 of 212 Page 140 of 212 Page 141 of 212 Page 142 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Purchase of a 2026 Ford F-450 DEPARTMENT: Public Works Truck Chassis for the Public Works Gas Division from Shields Auto Center in the amount of $58,315.00, with a $1,000.00 Contingency Fund DATE: April 7, 2026 AMOUNT: $58,315.00 - 2026 Ford F450 $1,000.00 - Contingency $59,315.00 - Total ATTACHMENTS: ADMINISTRATIVE NOTES: 1. 2026 Ford F450 Quotes / Photos SUMMARY HIGHLIGHTS: This Agenda item provides for the purchase of a new 2026 Ford F450 Truck Chassis in the Public Works Gas Division from Shields Auto Center in the amount of $58,315.00. This vehicle will replace a 2001 truck with over 141,000 miles, that has a lot of rust and is at the end of its service life. The 2026 Ford F450 is offered through the Illinois State Bid Process for $59,369.00, but it is available locally through Shields Auto Center for less. It is recommended that this purchase be made through the Shields Auto Center. A $1,000.00 contingency fund is requested to secure the municipal license, title, plate fees, and to address any other miscellaneous expenses. The box portion of the truck will be purchased in Fiscal Year 2027 after the truck has been received. Replacement of the service truck is included in the Fiscal Year 2026 Gas Division Budget, Account 527-1127-430.75-50. RECOMMENDED ACTION: Authorize the purchase of a new 2026 Ford F-450 truck chassis in the PW Gas Division from Shields Auto Center in the amount of $58,315.00. A $1,000.00 contingency fund is requested to secure the municipal title, license, plate fees, and/or address any other miscellaneous expense. DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Chad Isley Scott Eisenhauer Page 143 of 212 Page 144 of 212 Page 145 of 212 Page 146 of 212 Page 147 of 212 Page 148 of 212 Page 149 of 212 Page 150 of 212 Page 151 of 212 Page 152 of 212 Page 153 of 212 Page 154 of 212 Page 155 of 212 Page 156 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Ordinance Authorizing the Issuance DEPARTMENT: Administration and Delivery of General Obligation Refunding Bonds DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Ordinance Authorizing the Issuance of GO Refunding Bonds SUMMARY HIGHLIGHTS: As we have routinely done in the past, as Bond rates decline and as Bonds that the Village has previously approved reach a date upon which refinancing is available, an Ordinance is passed to allow the Village to refinance all or a portion of the outstanding Bond. Currently, the General Obligation Bond, Series 2016 (originally $7,050,000 for Water, Chanute EDC, General Fund, Local Motor Fuel Tax, Storm Water Drainage, and Motor Fuel Tax Fund) is eligible for refinancing, and this Ordinance would allow us, if better bond rates are identified, to authorize the issuance and delivery of General Obligation Refunding Bonds for the purpose of refinancing. RECOMMENDED ACTION: Authorize the issuance and Delivery of General Obligation Refunding Bonds DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Scott Eisenhauer Page 157 of 212 ORDINANCE NO. ____ OF THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS PASSED APRIL 14, 2026 _____________ GENERAL OBLIGATION REFUNDING BONDS SERIES 2026 Page 158 of 212 ORDINANCE TABLE OF CONTENTS Page Title ..................................................................................................................................... 1 Recitals................................................................................................................................ 1 ARTICLE I DEFINITIONS Section 101. Definitions of Words and Terms......................................................................................... 2 ARTICLE II AUTHORIZATION OF BONDS Section 201. Authorization of Bonds ....................................................................................................... 5 Section 202. Description of Bonds .......................................................................................................... 5 Section 203. Designation of Paying Agent .............................................................................................. 5 Section 204. Method and Place of Payment of Bonds ............................................................................. 6 Section 205. Registration, Transfer and Exchange of Bonds .................................................................. 6 Section 206. Execution, Registration, Authentication and Delivery of Bonds ........................................ 7 Section 207. Mutilated, Destroyed, Lost and Stolen Bonds .................................................................... 8 Section 208. Cancellation and Destruction of Bonds Upon Payment...................................................... 8 Section 209. Preliminary and Final Official Statement ........................................................................... 9 Section 210. Sale of Bonds ...................................................................................................................... 9 Section 211. Securities Depository .......................................................................................................... 9 ARTICLE III REDEMPTION OF BONDS Section 301. Redemption of Bonds ....................................................................................................... 11 Section 302. Selection of Bonds to Be Redeemed ................................................................................. 11 Section 303. Notice and Effect of Call for Redemption ........................................................................ 12 ARTICLE IV SECURITY FOR AND PAYMENT OF BONDS Section 401. Security for the Bonds ...................................................................................................... 13 Section 402. Levy and Collection of Annual Tax.................................................................................. 13 Section 403. Filing of Ordinance ........................................................................................................... 14 Section 404. Filing of Certificate of Reduction of Taxes ...................................................................... 15 Section 405. Uses of Taxes Previously Levied ...................................................................................... 15 (i) Page 159 of 212 ARTICLE V ESTABLISHMENT OF FUNDS; DEPOSIT AND APPLICATION OF MONEY Section 501. Establishment of Funds ..................................................................................................... 15 Section 502. Deposit of Bond Proceeds................................................................................................. 15 Section 503. Application of Money in Debt Service Fund .................................................................... 15 Section 504. Deposits and Investment of Money .................................................................................. 15 Section 505. Nonpresentment of Bonds................................................................................................. 16 Section 506. Payments Due on Saturdays, Sundays and Holidays ........................................................ 16 Section 507. Redemption of Refunded Bonds ....................................................................................... 16 ARTICLE VI REMEDIES Section 601. Remedies........................................................................................................................... 16 Section 602. Limitation on Rights of Registered Owners ..................................................................... 17 Section 603. Remedies Cumulative ....................................................................................................... 17 Section 604. Exception for Continuing Disclosure................................................................................ 17 ARTICLE VII DEFEASANCE Section 701. Defeasance ........................................................................................................................ 18 ARTICLE VIII MISCELLANEOUS PROVISIONS Section 801. Tax Covenants .................................................................................................................. 18 Section 802. Annual Audit..................................................................................................................... 19 Section 803. Amendments ..................................................................................................................... 19 Section 804. Notices, Consents and Other Instruments by Registered Owners..................................... 20 Section 805. Continuing Disclosure ...................................................................................................... 21 Section 806. Municipal Bond Insurance ................................................................................................ 21 Section 807. Further Authority .............................................................................................................. 21 Section 808. Parties Interested Herein ................................................................................................... 21 Section 809. Severability ....................................................................................................................... 21 Section 810. Governing Law ................................................................................................................. 21 Section 811. Effective Date ................................................................................................................... 22 Section 812. Electronic Transactions..................................................................................................... 22 Exhibit A - Form of Bonds (ii) Page 160 of 212 ORDINANCE NO. _______ AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DELIVERY OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2026, OF THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON THE BONDS AS THEY BECOME DUE; AND AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH. WHEREAS, the Village of Rantoul, Champaign County, Illinois (the “Village”) is a home rule unit of government and political subdivision of the State of Illinois, duly created, organized and existing under and by virtue of the Constitution and laws of the State of Illinois and has all powers of home rule units as provided in Section 6 of Article VII of the Constitution of the State of Illinois, as amended, including the power to incur debt payable from ad valorem property tax receipts or from any other lawful source and maturing within 40 years from the time it is incurred without prior referendum approval; and WHEREAS, the Village has heretofore issued and has outstanding the following series of general obligation bonds: Original Principal Principal Amount Series of Bonds Date of Bonds Amount Outstanding General Obligation Bonds, Series 2016 June 7, 2016 $7,050,000 $4,225,000 (the “Series 2016 Bonds”) WHEREAS, the Board of Trustees of the Village has determined that it is advisable, necessary and in the best interests of the Village to refund all or a portion of the outstanding Series 2016 Bonds (the “Refunded Bonds”); and WHEREAS, the refunding of the Refunded Bonds will realize debt service savings for the Village and constitutes a lawful corporate purpose within the meaning of the Local Government Debt Reform Act of the State of Illinois, as amended; and WHEREAS, it is hereby found and determined that it is necessary and advisable and in the best interest of the Village and of its inhabitants at this time to authorize the issuance and delivery of general obligation refunding bonds for the purposes aforesaid as herein provided. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS, AS FOLLOWS: Page 161 of 212 ARTICLE I DEFINITIONS Section 101. Definitions of Words and Terms. In addition to words and terms defined elsewhere herein, the following words and terms as used in this Ordinance shall have the following meanings: “2016 Paying Agent” means The Bank of New York Mellon Trust Company, National Association, Chicago, Illinois, and any successors or assigns, as paying agent for the Refunded Bonds. “Bond Counsel” means Gilmore & Bell, P.C., Edwardsville, Illinois, or other attorneys or firm of attorneys with a nationally recognized standing in the field of municipal bond financing selected by the Village. “Bond Payment Date” means any date on which the principal or Redemption Price of or interest on any Bond is payable. “Bond Register” means the books for the registration, transfer and exchange of Bonds kept at the principal payment office of the Paying Agent. “Bonds” means the General Obligation Refunding Bonds, Series 2026, authorized and issued by the Village pursuant to this Ordinance. “Business Day” means a day other than a Saturday, Sunday or holiday on which the Paying Agent is scheduled in the normal course of its operations to be open to the public for conduct of its banking operations. “Code” means the Internal Revenue Code of 1986, as amended, and the applicable regulations of the Treasury Department proposed or promulgated thereunder. “Debt Service Fund” means the fund by that name referred to in Section 501 hereof. “Defaulted Interest” means interest on any Bond which is payable but not paid on any Interest Payment Date. “Defeasance Obligations” means any of the following obligations, if and to the extent the same are at the time legal for investment of the Village’s funds: (a) United States Government Obligations that are not subject to redemption in advance of their maturity dates; or (b) obligations of any state or political subdivision of any state, the interest on which is excluded from gross income for federal income tax purposes and which meet the following conditions: (1) the obligations are (A) not subject to redemption prior to maturity or (B) the trustee for such obligations has been given irrevocable instructions concerning their calling and redemption and the issuer of such obligations has covenanted not to redeem such obligations other than as set forth in such instructions; -2- Page 162 of 212 (2) the obligations are secured by cash or United States Government Obligations that may be applied only to principal of, premium, if any, and interest payments on such obligations; (3) such cash and the principal of and interest on such United States Government Obligations serving as security for the obligations (plus any cash in the escrow fund) are sufficient to meet the liabilities of the obligations; (4) such cash and United States Government Obligations serving as security for the obligations are held in an escrow fund by an escrow agent or a trustee irrevocably in trust; (5) such cash and United States Government Obligations serving as security for the obligations are not available to satisfy any other claims, including those against the trustee or escrow agent; and (6) the obligations are rated in the same rating category as United States Government Obligations or higher by a nationally recognized rating service. “Federal Tax Certificate” means the Federal Tax Certificate of the Village setting forth representations and covenants relating to the exclusion of interest on the Bonds from gross income for federal income tax purposes. “Interest Payment Date” means the Stated Maturity of an installment of interest on any Bond. “Maturity” means, when used with respect to any Bond, the date on which the principal of such Bond becomes due and payable as therein and herein provided, whether at the Stated Maturity thereof or call for redemption or otherwise. “Notification of Sale” means the Notification of Sale setting forth the final terms of the sale of the Bonds. “Ordinance” means this Ordinance adopted by the Board of Trustees of the Village, authorizing the issuance of the Bonds, as amended from time to time, including by the Notification of Sale. “Outstanding” means, when used with reference to the Bonds, as of any particular date of determination, all Bonds theretofore authenticated and delivered hereunder, except the following: (a) Bonds theretofore canceled by the Paying Agent or delivered to the Paying Agent for cancellation; (b) Bonds deemed to be paid in accordance with the provisions of Section 701 hereof; and (c) Bonds in exchange for or in lieu of which other Bonds have been authenticated and delivered hereunder. “Paying Agent” means Zions Bancorporation, National Association, which has a principal payment office located in Chicago, Illinois, and any successors or assigns. -3- Page 163 of 212 “Person” means any natural person, corporation, limited liability company, partnership, joint venture, association, firm, joint-stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof or other public body. “Record Date” for the interest payable on any Interest Payment Date means the fifteenth day (whether or not a Business Day) of the calendar month next preceding such Interest Payment Date. “Redemption Date” when used with respect to any Bond to be redeemed means the date fixed for the redemption of such Bond pursuant to the terms of this Ordinance. “Redemption Price” when used with respect to any Bond to be redeemed means the price at which such Bond is to be redeemed pursuant to the terms of this Ordinance, including the applicable redemption premium, if any, but excluding installments of interest whose Stated Maturity is on or before the Redemption Date, which price is to be stated as a percentage of the principal amount of those Bonds to be redeemed. “Refunded Bonds” means the portion of the Series 2016 Bonds to be refunded as set forth in the Notification of Sale. “Registered Owner” when used with respect to any Bond means the Person in whose name such Bond is registered on the Bond Register. “Series 2016 Bond Ordinance” means the ordinance adopted by the Board of Trustees of the Village on April 12, 2016, authorizing the issuance of the Series 2016 Bonds, as supplemented by a bond order. “Series 2016 Bonds” means the $7,050,000 original principal amount of the Village’s General Obligation Bonds, Series 2016. “Special Record Date” means the date prior to the payment date of Defaulted Interest fixed by the Paying Agent pursuant to Section 204 hereof. “Stated Maturity” when used with respect to any Bond or any installment of interest thereon means the date specified in such Bond and this Ordinance as the fixed date on which the principal of such Bond or such installment of interest thereon is due and payable. “Underwriter” means Bernardi Securities, Inc., Chicago, Illinois, as the original purchaser of the Bonds. “United States Government Obligations” means bonds, notes, certificates of indebtedness, treasury bills or other securities constituting direct obligations of, or obligations the principal of and interest on which are fully and unconditionally guaranteed as to full and timely payment by, the United States of America, including evidences of a direct ownership interest in future interest or principal payments on obligations issued or guaranteed by the United States of America (including the interest component of obligations of the Resolution Funding Corporation), or securities which represent an undivided interest in such obligations, which obligations are rated in the same rating category or higher as the United States of America by a nationally recognized rating service and such obligations are held in a custodial account for the Village’s benefit. “Village” means the Village of Rantoul, Champaign County, Illinois, and any successors or assigns. -4- Page 164 of 212 ARTICLE II AUTHORIZATION OF BONDS Section 201. Authorization of Bonds. There shall be issued and hereby are authorized and directed to be issued the General Obligation Refunding Bonds, Series 2026 of the Village in the aggregate principal amount of not to exceed $4,225,000 for the purpose of providing funds to (a) refund the Refunded Bonds, and (b) pay the costs of issuing the Bonds. Section 202. Description of Bonds. (a) The Bonds shall consist of fully-registered bonds, numbered from 1 upward in order of issuance, in denominations of $5,000 or any integral multiple thereof. The Bonds, as originally issued or issued upon transfer, exchange or substitution, shall be substantially in the form set forth in Exhibit A attached hereto, and shall be subject to registration, transfer and exchange as provided in Section 205 hereof. All of the Bonds shall be dated the date of original issue and delivery, shall become due in the amounts on the Stated Maturities, subject to redemption and payment prior to their Stated Maturities as provided in Article III hereof, and shall bear interest at rates per annum as set forth in the Notification of Sale, subject to the following: The Bonds shall be issued in an aggregate principal amount of not to exceed $4,225,000; shall bear interest at various coupon rates not to exceed 5.00%; and shall have a final maturity not later than January 1, 2036. The final terms of the Bonds, including the interest rates, maturity dates and redemption provisions, shall be approved by the Village President as evidenced in the Notification of Sale. The Village deems it proper to delegate to the Village President the power to approve such final terms as he or she shall, on behalf of the Village, determine, subject to the limitations of this Ordinance. (b) The Bonds shall bear interest at the rates set forth in the Notification of Sale (computed on the basis of a 360-day year of twelve 30-day months) from the date thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually on January 1 and July 1 in each year, beginning on July 1, 2026, or such other dates set forth in the Notification of Sale. Section 203. Designation of Paying Agent. (a) Zions Bancorporation, National Association, a national banking association with a principal payment office located in Chicago, Illinois, is hereby designated as the Village’s paying agent for the payment of principal or Redemption Price of and interest on the Bonds and bond registrar with respect to the registration, transfer and exchange of Bonds (the “Paying Agent”). (b) The Village reserves the right to appoint a successor Paying Agent by (1) filing with the Paying Agent then performing such function a certified copy of the proceedings giving notice of the termination of such Paying Agent and appointing a successor, and (2) causing notice of the appointment of the successor Paying Agent to be given by first class mail to each Registered Owner. The Paying Agent may resign upon giving written notice by first class mail to the Village and the Registered Owners not less than 60 days prior to the date such resignation is to take effect. No resignation or removal of the Paying Agent shall become effective until a successor has been appointed and has accepted the duties of Paying Agent. -5- Page 165 of 212 (c) The Paying Agent shall be paid its usual and customary fees and expenses for its services in connection with the Bonds. Section 204. Method and Place of Payment of Bonds. (a) The principal or Redemption Price of and interest on the Bonds shall be payable in any coin or currency of the United States of America that, on the respective dates of payment thereof, is legal tender for the payment of public and private debts. (b) The principal or Redemption Price of each Bond shall be paid at Maturity by check, electronic transfer or draft to the Person in whose name such Bond is registered on the Bond Register at the Maturity thereof, upon presentation and surrender of such Bond at the principal payment office of the Paying Agent. (c) The interest payable on each Bond on any Interest Payment Date shall be paid to the Registered Owner of such Bond as shown on the Bond Register at the close of business on the Record Date for such interest by (1) check or draft mailed by the Paying Agent to the address of such Registered Owner shown on the Bond Register or such other address furnished to the Paying Agent in writing by such Registered Owner or (2) electronic transfer to such Registered Owner upon written notice given to the Paying Agent by such Registered Owner, not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the name and address of the bank, the bank’s ABA routing number and the account number to which such Registered Owner wishes to have such transfer directed. (d) Notwithstanding the foregoing provisions of this Section, any Defaulted Interest with respect to any Bond shall cease to be payable to the Registered Owner of such Bond on the relevant Record Date and shall be payable to the Registered Owner in whose name such Bond is registered at the close of business on the Special Record Date for the payment of such Defaulted Interest, which Special Record Date shall be fixed as hereinafter specified in this paragraph. The Village shall notify the Paying Agent in writing of the amount of Defaulted Interest proposed to be paid on each Bond and the date of the proposed payment (which date shall be at least 30 days after receipt of such notice by the Paying Agent unless the Village and the Paying Agent agree to a shorter time period) and shall deposit with the Paying Agent at the time of such notice an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Paying Agent for such deposit prior to the date of the proposed payment. Following receipt of such funds the Paying Agent shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment, unless the Village and the Paying Agent agree to a shorter time period. The Paying Agent shall promptly notify the Village of such Special Record Date and, in the name and at the Village’s expense, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, by first class mail, postage prepaid, to each Registered Owner of a Bond entitled to such notice at the address of such Registered Owner as it appears on the Bond Register on such Special Record Date. (e) The Paying Agent shall keep a record of payment of principal and Redemption Price of and interest paid on all Bonds and, upon the Village’s written request, shall forward a copy or summary of such records to the Village. Section 205. Registration, Transfer and Exchange of Bonds. (a) The Village covenants that, as long as any of the Bonds remain Outstanding, it will cause the Bond Register to be kept at the principal payment office of the Paying Agent for the registration, transfer -6- Page 166 of 212 and exchange of Bonds as herein provided. Each Bond when issued shall be registered in the name of the Registered Owner thereof on the Bond Register. (b) Bonds may be transferred and exchanged only on the Bond Register as provided in this Section. Upon surrender of any Bond at the principal payment office of the Paying Agent, the Paying Agent shall transfer or exchange such Bond for a new Bond or Bonds in any authorized denomination of the same Stated Maturity and in the same aggregate principal amount as the Bond that was presented for transfer or exchange. Bonds presented for transfer or exchange shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in a form and with guarantee of signature satisfactory to the Paying Agent, duly executed by the Registered Owner thereof or by the Registered Owner’s duly authorized agent. (c) In all cases in which the privilege of transferring or exchanging Bonds is exercised, the Paying Agent shall authenticate and deliver Bonds in accordance with the provisions of this Ordinance. The Village shall pay the reasonable fees and expenses of the Paying Agent for the registration, transfer and exchange of Bonds provided for by this Ordinance and the reasonable cost of printing a reasonable supply of registered bond blanks. Any additional costs or fees that might be incurred in the secondary market, other than fees of the Paying Agent, are the responsibility of the Registered Owners of the Bonds. If any Registered Owner fails to provide a correct taxpayer identification number to the Paying Agent, the Paying Agent may make a charge against such Registered Owner sufficient to pay any governmental charge required to be paid as a result of such failure. In compliance with Section 3406 of the Code, such amount may be deducted by the Paying Agent from amounts otherwise payable to such Registered Owner hereunder or under the Bonds. (d) The Village and the Paying Agent shall not be required to (1) register the transfer or exchange of any Bond that has been called for redemption after notice of such redemption has been mailed by the Paying Agent pursuant to Section 303 hereof and during the period of 15 days next preceding the date of mailing of such notice of redemption, or (2) register the transfer or exchange of any Bond during a period beginning at the opening of business on the day after receiving written notice from the Village of its intent to pay Defaulted Interest and ending at the close of business on the date fixed for the payment of Defaulted Interest pursuant to Section 204 hereof. (e) The Village and the Paying Agent may deem and treat the Person in whose name any Bond is registered on the Bond Register as the absolute owner of such Bond, whether such Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal or Redemption Price of and interest on said Bond and for all other purposes. All payments so made to any such Registered Owner or upon the Registered Owner’s order shall be valid and effective to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid, and neither the Village nor the Paying Agent shall be affected by any notice to the contrary. (f) At reasonable times and under reasonable regulations established by the Paying Agent, the Bond Register may be inspected and copied by the Registered Owners (or a designated representative thereof) of 10% or more of the aggregate principal amount of the Bonds then Outstanding. The authority of any designated representative of such Registered Owners must be evidenced to the satisfaction of the Paying Agent. Section 206. Execution, Registration, Authentication and Delivery of Bonds. (a) Each of the Bonds, including any Bonds issued in exchange or as substitutions for the Bonds initially delivered, shall be signed by the manual or facsimile signature of the Village President and attested by the manual or facsimile signature of the Village Clerk and shall have the Village’s official seal -7- Page 167 of 212 affixed or imprinted thereon. In case any officer whose signature appears on any Bonds ceases to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes, as if such person had remained in office until delivery. Any Bond may be signed by such persons who at the actual time of the execution of such Bond are the proper officers to sign such Bond although at the date of such Bond such persons may not have been such officers. (b) The Village President and Village Clerk are hereby authorized and directed to prepare and execute the Bonds in the manner herein specified, and, when duly executed and registered, to deliver the Bonds to the Paying Agent for authentication. (c) The Bonds shall have endorsed thereon a certificate of authentication substantially in the form set forth in Exhibit A attached hereto, which shall be manually executed by an authorized signatory of the Paying Agent, but it shall not be necessary that the same signatory sign the certificate of authentication on all of the Bonds that may be issued hereunder at any one time. No Bond shall be entitled to any security or benefit under this Ordinance or be valid or obligatory for any purpose unless and until such certificate of authentication has been duly executed by the Paying Agent. Such executed certificate of authentication upon any Bond shall be conclusive evidence that such Bond has been duly authenticated and delivered under this Ordinance. Upon authentication, the Paying Agent shall deliver the Bonds to or upon the order of the Underwriter, or shall hold the Bonds as “FAST Agent” for the benefit of the Beneficial Owners (as hereinafter defined), upon payment to the Village of the purchase price of the Bonds plus accrued interest thereon to the date of their delivery. Section 207. Mutilated, Destroyed, Lost and Stolen Bonds. (a) If (1) any mutilated Bond is surrendered to the Paying Agent or the Paying Agent receives evidence to its satisfaction of the destruction, loss or theft of any Bond, and (2) there is delivered to the Paying Agent such security or indemnity as may be required by the Paying Agent to save each of the Village and the Paying Agent harmless, then, in the absence of notice to the Paying Agent that such Bond has been acquired by a bona fide purchaser, the Village shall execute and the Paying Agent shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Bond, a new Bond of the same Stated Maturity and of like tenor and principal amount. (b) If any such mutilated, destroyed, lost or stolen Bond has become or is about to become due and payable, the Paying Agent, in its discretion, may pay such Bond instead of delivering a new Bond. (c) Upon the issuance of any new Bond under this Section, the Village or the Paying Agent may require the payment by the Registered Owner of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Paying Agent) connected therewith. (d) Every new Bond issued pursuant to this Section shall constitute a replacement of the Village’s prior obligation, and shall be entitled to all the benefits of this Ordinance equally and ratably with all other Outstanding Bonds. Section 208. Cancellation and Destruction of Bonds Upon Payment. All Bonds that have been paid or redeemed or that otherwise have been surrendered to the Paying Agent, either at or before Maturity, shall be canceled by the Paying Agent immediately upon the payment, redemption and surrender thereof to the Paying Agent and subsequently destroyed in accordance with the customary practices of the Paying Agent. The Paying Agent shall execute a certificate in duplicate describing the Bonds so canceled and shall file an executed counterpart of such certificate with the Village. -8- Page 168 of 212 Section 209. Preliminary and Final Official Statement. The use by the Underwriter of any Preliminary Official Statement and any final Official Statement relating to the Bonds (the “Official Statement”) is hereby ratified, approved and authorized; the execution and delivery of the Official Statement is hereby authorized; and the officers of the Village are hereby authorized to take any action as may be required on the part of the Village to consummate the transactions contemplated by this Ordinance, said Preliminary Official Statement, the Official Statement and the Bonds. Section 210. Sale of Bonds. (a) The Village President or Village Administrator is each hereby authorized to enter into a bond purchase agreement between the Village and the Underwriter, under which the Village agrees to sell the Bonds to the Underwriter at the purchase price set forth in the Notification of Sale, upon the terms and conditions set forth therein, which each officer is hereby authorized to execute such bond purchase agreement for and on the Village’s behalf, such officer’s signature thereon being conclusive evidence of his or her approval thereof. (b) The Village President is authorized and directed to approve the purchase price for the Bonds, the principal amounts by maturity, the interest rates, optional redemption provisions, and the other final terms of the Bonds, subject to the limitations set forth in Section 202, and in that connection, to execute and deliver the Notification of Sale for and on behalf of and as the act and deed of the Village, which approval will be conclusively evidenced by the execution by the Village President. Upon execution, the Notification of Sale will be attached and made part of this Ordinance. The Village Clerk is authorized and directed to attest the execution of the Notification of Sale and any other documents, certificates and instruments that are necessary or desirable to carry out the intent of this Ordinance. Section 211. Securities Depository. (a) For purposes of this Section, the following terms shall have the following meanings: “Beneficial Owner” means, whenever used with respect to a Bond, the Person in whose name such Bond is recorded as the beneficial owner of such Bond by a Participant on the records of such Participant, or such Person’s subrogee. “Cede & Co.” means Cede & Co., the nominee of Securities Depository, and any successor nominee of Securities Depository with respect to the Bonds. “Participant” means any broker-dealer, bank or other financial institution for which Securities Depository holds Bonds as securities depository. “Representation Letter” means the representation letters from the Village and the Paying Agent to DTC with respect to the Bonds. “Securities Depository” means The Depository Trust Company, New York, New York. (b) The Bonds shall be initially issued as one single authenticated fully registered bond for each Stated Maturity. Upon initial issuance, the ownership of such Bonds shall be registered in the Bond Register kept by the Paying Agent in the name of Cede & Co., as nominee of the Securities Depository. The Paying Agent and the Village may treat the Securities Depository (or its nominee) as the sole and exclusive owner of the Bonds registered in its name for the purposes of payment of the principal or Redemption Price of and interest on the Bonds, selecting the Bonds or portions thereof to be redeemed, giving any notice permitted or required to be given to Registered Owners of Bonds under this Ordinance, -9- Page 169 of 212 registering the transfer of Bonds, and for all other purposes whatsoever; and neither the Paying Agent nor the Village shall be affected by any notice to the contrary. Neither the Paying Agent nor the Village shall have any responsibility or obligation to any Participant, any Person claiming a beneficial ownership interest in the Bonds under or through the Securities Depository or any Participant, or any other Person which is not shown on the Bond Register kept by the Paying Agent as being a Registered Owner of any Bonds, with respect to the accuracy of any records maintained by the Securities Depository or any Participant, with respect to the payment by the Securities Depository or any Participant of any amount with respect to the principal or Redemption Price of and interest on the Bonds, with respect to any notice which is permitted or required to be given to Registered Owners of Bonds under this Ordinance, with respect to the selection by the Securities Depository or any Participant of any Person to receive payment in the event of a partial redemption of the Bonds, or with respect to any consent given or other action taken by the Securities Depository as Registered Owner of the Bonds. The Paying Agent shall pay all principal or Redemption Price of and interest on the Bonds only to Cede & Co. in accordance with the Representation Letter, and all such payments shall be valid and effective to fully satisfy and discharge the Village’s obligations with respect to the principal or Redemption Price of and interest on the Bonds to the extent of the sum or sums so paid. No Person other than the Securities Depository (or the Paying Agent as “FAST Agent”) shall receive an authenticated Bond for each separate Stated Maturity evidencing the Village’s obligation to make payments of principal and interest. Upon delivery by the Securities Depository to the Paying Agent of written notice to the effect that the Securities Depository has determined to substitute a new nominee in place of Cede & Co., the Bonds will be transferable to such new nominee in accordance with paragraph (e) hereof. (c) If the Participants holding a majority position in the Bonds determine that it is in the best interest of the Beneficial Owners that they be able to obtain certificated Bonds, the Participants may notify the Securities Depository and the Paying Agent, whereupon the Securities Depository shall notify the Participants of the availability through the Securities Depository of Bond certificates. In such event, the Bonds will be transferable in accordance with paragraph (e) hereof. The Securities Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the Village and the Paying Agent and discharging its responsibilities with respect thereto under applicable law. In such event the Bonds will be transferable in accordance with paragraph (e) hereof. (d) Notwithstanding any other provision of this Ordinance to the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of the Securities Depository, all payments with respect to the principal or Redemption Price of and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, to the Securities Depository as provided in the Representation Letter. (e) If any transfer or exchange of Bonds is permitted under paragraph (b) or (c) hereof, such transfer or exchange shall be accomplished upon receipt by the Paying Agent from the Registered Owners thereof of the Bonds to be transferred or exchanged and appropriate instruments of transfer to the permitted transferee in accordance with the provisions of this Ordinance. If Bonds are issued to holders other than Cede & Co., its successor as nominee for the Securities Depository as holder of all the Bonds, or other securities depository as holder of all the Bonds, the provisions of this Ordinance shall also apply to all matters relating thereto, including, without limitation, the printing of such Bonds and the method of payment of the principal or Redemption Price of and interest on such Bonds. In the event that Bonds are issued to holders other than the Securities Depository, the Paying Agent may rely on information provided by the Securities Depository or any Participant as to the names, addresses of and principal amounts held by the Beneficial Owners of the Bonds. -10- Page 170 of 212 ARTICLE III REDEMPTION OF BONDS Section 301. Redemption of Bonds. (a) The optional redemption provisions of the Bonds, if any, shall be set forth in the Notification of Sale. (b) Any Bonds designated as Term Bonds in the Notification of Sale shall be subject to the following mandatory redemption requirements. At its option, to be exercised on or before the 45th day next preceding any mandatory Redemption Date, the Village may: (1) deliver to the Paying Agent for cancellation Term Bonds subject to mandatory redemption on said mandatory Redemption Date, in any aggregate principal amount desired; or (2) furnish the Paying Agent funds, together with appropriate instructions, for the purpose of purchasing any Term Bonds subject to mandatory redemption on said mandatory Redemption Date from any Registered Owner thereof whereupon the Paying Agent shall expend such funds for such purpose to such extent as may be practical; or (3) receive a credit with respect to the mandatory redemption obligation of the Village under this Section for any Term Bonds subject to mandatory redemption on said mandatory Redemption Date which, prior to such date, have been redeemed (other than through the operation of the mandatory redemption requirements of this subsection (b)) and canceled by the Paying Agent and not theretofore applied as a credit against any redemption obligation under this subsection (b). Each Term Bond so delivered or previously purchased or redeemed shall be credited at 100% of the principal amount thereof on the obligation of the Village to redeem Term Bonds of the same Stated Maturity on such mandatory Redemption Date, and any excess of such amount shall be credited on future mandatory redemption obligations for Term Bonds of the same Stated Maturity in chronological order, and the principal amount of Term Bonds of the same Stated Maturity to be redeemed by operation of the requirements of this Section shall be accordingly reduced. If the Village intends to exercise any option granted by the provisions of clauses (1), (2) or (3) above, the Village will, on or before the 45th day next preceding each mandatory Redemption Date, furnish the Paying Agent a written certificate indicating to what extent the provisions of said clauses (1), (2) and (3) are to be complied with respect to such mandatory redemption. Section 302. Selection of Bonds to Be Redeemed. (a) The Paying Agent shall call Bonds for redemption and payment and shall give notice of such redemption as herein provided upon receipt by the Paying Agent at least 45 days prior to the Redemption Date of the Village’s written instructions specifying the principal amount, Stated Maturities, Redemption Date and Redemption Price of the Bonds to be called for redemption. The Paying Agent may in its discretion waive such notice period so long as the notice requirements set forth in Section 303 are met. The foregoing provisions of this paragraph shall not apply to the mandatory redemption of Term Bonds designated in the Notification of Sale, and such Term Bonds shall be called by the Paying Agent for redemption pursuant to such mandatory redemption requirements without the necessity of any action by the Village and whether or not the Paying Agent shall hold moneys available and sufficient to effect the required redemption. (b) Bonds shall be redeemed only in the principal amount of $5,000 or any integral multiple thereof. When less than all of the Outstanding Bonds are to be redeemed, such Bonds shall be redeemed in such order of their Stated Maturities as shall be determined by the Village, and Bonds of less than a full Stated Maturity and bearing interest at the same interest rate shall be selected by the Paying Agent in $5,000 units of principal amount by lot or in such other equitable manner as the Paying Agent may determine. -11- Page 171 of 212 (c) In the case of a partial redemption of Bonds, when Bonds of denominations greater than $5,000 are then Outstanding, then for all purposes in connection with such redemption each $5,000 of face value shall be treated as though it were a separate Bond of the denomination of $5,000. If it is determined that one or more, but not all, of the $5,000 units of face value represented by any Bond are selected for redemption, then upon notice of intention to redeem such $5,000 unit or units, the Registered Owner of such Bond or the Registered Owner’s duly authorized agent shall present and surrender such Bond to the Paying Agent (1) for payment of the Redemption Price and interest to the Redemption Date of such $5,000 unit or units of face value called for redemption, and (2) for exchange, without charge to the Registered Owner thereof, for a new Bond or Bonds of the aggregate principal amount of the unredeemed portion of the principal amount of such Bond. If the Registered Owner of any such Bond fails to present such Bond to the Paying Agent for payment and exchange as aforesaid, such Bond shall, nevertheless, become due and payable on the Redemption Date to the extent of the $5,000 unit or units of face value called for redemption (and to that extent only). Section 303. Notice and Effect of Call for Redemption. (a) Unless waived by any Registered Owner of Bonds to be redeemed, official notice of any redemption shall be given by the Paying Agent on the Village’s behalf by mailing a copy of an official redemption notice by first class mail at least 30 days but not more than 60 days prior to the Redemption Date to each Registered Owner of the Bond or Bonds to be redeemed at the address shown on the Bond Register. (b) All official notices of redemption shall be dated and shall contain the following information: (1) the Redemption Date; (2) the Redemption Price; (3) if less than all Outstanding Bonds are to be redeemed, the identification number, Stated Maturity and, in the case of partial redemption of any Bonds, the respective principal amounts of the Bonds to be redeemed; (4) a statement that on the Redemption Date the Redemption Price will become due and payable upon each such Bond or portion thereof called for redemption and that interest thereon shall cease to accrue from and after the Redemption Date; and (5) the place where such Bonds are to be surrendered for payment of the Redemption Price, which shall be the principal payment office of the Paying Agent. (c) Prior to any Redemption Date, the Village shall deposit with the Paying Agent an amount of money sufficient to pay the Redemption Price of all the Bonds or portions of Bonds that are to be redeemed on such Redemption Date. (d) Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall become due and payable on the Redemption Date, at the Redemption Price therein specified, and from and after the Redemption Date (unless the Village defaults in the payment of the Redemption Price) such Bonds or portion of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in accordance with such notice, the Redemption Price of such Bonds shall be paid by the Paying Agent. Installments of interest due on or prior to the Redemption Date shall be payable as herein provided for payment of interest. Upon surrender for any partial redemption of any Bond, the Paying -12- Page 172 of 212 Agent shall prepare for the Registered Owner a new Bond or Bonds of the same Stated Maturity in the amount of the unpaid principal as provided herein. All Bonds that have been surrendered for redemption shall be canceled and destroyed by the Paying Agent as provided herein and shall not be reissued. (e) The failure of any Registered Owner to receive the foregoing notice or any defect therein shall not invalidate the effectiveness of the call for redemption. (f) Each check or other transfer of funds issued for the payment of the Redemption Price of Bonds being redeemed shall bear or have enclosed therewith the CUSIP number, if any, of the Bonds being redeemed with the proceeds of such check or other transfer. (g) The Paying Agent is also directed to comply with any mandatory standards then in effect for processing redemptions of municipal securities established by the Securities and Exchange Commission. Failure to comply with such standards shall not affect or invalidate the redemption of any Bond. (h) With respect to optional redemptions, such notice may be conditioned upon moneys being on deposit with the Paying Agent on or prior to the Redemption Date in an amount sufficient to pay the Redemption Price on the Redemption Date. If such notice is conditional and either the Paying Agent receives written notice from the Village that moneys sufficient to pay the Redemption Price will not be on deposit on the Redemption Date, or such moneys are not received on the Redemption Date, then such notice shall be of no force and effect, the Paying Agent shall not redeem such Bonds and the Paying Agent shall give notice, in the same manner in which the notice of redemption was given, that such moneys were not or will not be so received and that such Bonds will not be redeemed. ARTICLE IV SECURITY FOR AND PAYMENT OF BONDS Section 401. Security for the Bonds. The Bonds shall be general obligations of the Village payable as to principal or Redemption Price of and interest on the Bonds from ad valorem taxes which shall be levied without limitation as to rate or amount upon all the taxable property within the Village’s territorial limits. The full faith, credit and resources of the Village are hereby irrevocably pledged for the prompt payment of the principal or Redemption Price of and interest on the Bonds as the same become due. Section 402. Levy and Collection of Annual Tax. (a) For the purpose of providing for the payment of the principal or Redemption Price of and interest on the Bonds as the same become due, there is hereby levied upon all of the taxable property within the Village the following direct annual tax for each of the years that any of the Bonds are outstanding, in amounts sufficient to produce the amounts necessary for the payment of such principal or Redemption Price of and interest as the same becomes due and payable; provided that no such tax is levied for the principal of and interest on the Bonds due on and prior to July 1, 2027, and such principal and interest will be paid from other legally available funds of the Village that are sufficient to make such payments: -13- Page 173 of 212 FOR THE A TAX SUFFICIENT YEAR TO PRODUCE THE SUM OF: 2026 $550,000 for principal and interest 2027 550,000 for principal and interest 2028 550,000 for principal and interest 2029 550,000 for principal and interest 2030 550,000 for principal and interest 2031 550,000 for principal and interest 2032 550,000 for principal and interest 2033 550,000 for principal and interest 2034 550,000 for principal and interest (b) If at any time said taxes are not collected in time to pay the principal of or interest on the Bonds when due, the Village Treasurer is hereby authorized and directed to pay said principal or interest out of the general funds of the Village and to reimburse said general funds for money so expended when said taxes are collected. (c) To the extent that the taxes levied above exceed the amount necessary to pay debt service on the Bonds as set forth in the Notification of Sale, the Village President is hereby authorized to direct the abatement of such taxes to the extent of the excess of such levy in each year over the amount necessary to pay debt service on the Bonds in the following bond year. Proper notice of such abatement shall be filed with the County Clerk of The County of Champaign, Illinois (the “County Clerk”), in a timely manner to effect such abatement. (d) The Village covenants and agrees with the Registered Owners of the Bonds that so long as any of the Bonds remain outstanding, the Village will take no action or fail to take any action which in any way would adversely affect the ability of the Village to levy and collect the foregoing tax levy and the Village and its officers will comply with all present and future applicable laws in order to assure that the foregoing taxes will be levied, extended and collected as provided herein and deposited in the Debt Service Fund. (e) Notwithstanding anything to the contrary herein, the Village may abate the foregoing taxes to the extent other revenues are available to pay the principal of and interest on the Bonds and on deposit in the Debt Service Fund or set aside in another fund or account of the Village. The Village shall timely file an appropriate certification of such abatement with the County Clerk. If for any reason there is abatement of such levy of taxes and the failure thereafter to pay the principal of and interest on the Bonds, the additional amount, together with accrued interest, shall be added to the tax levy in the year of, or the next year following, such failure. Section 403. Filing of Ordinance. Upon the passage of this Ordinance, the Village Clerk is hereby directed to file a certified copy of this Ordinance with the County Clerk, and it shall be the duty of the County Clerk to annually, in and for each of the years 2026 to 2034, inclusive, ascertain the rate necessary to produce the tax herein levied, and extend the same for collection on the tax books against all of the taxable property within the Village in connection with other taxes levied in each of said years for general corporate purposes, in order to raise the respective amounts aforesaid and in each of said years such annual tax shall be computed, extended and collected in the same manner as now or hereafter provided by law for the computation, extension and collection of taxes for general corporate purposes of the Village, and when collected, the taxes hereby levied shall be placed in the Debt Service Fund. -14- Page 174 of 212 Section 404. Filing of Certificate of Reduction of Taxes. The Village President is hereby directed to prepare and file with the County Clerk a certificate directing the abatement of the taxes previously levied to pay the Refunded Bonds. Section 405. Uses of Taxes Previously Levied. All proceeds received or to be received from any taxes previously levied to pay the principal of and interest on the Refunded Bonds shall be used to pay the principal of and interest on the Refunded Bonds and to the extent that such proceeds are not needed for such purpose because of the refunding of the Refunded Bonds, the same shall be deposited into the Debt Service Fund and used to pay the principal of and interest on the Bonds in accordance with all of the provisions of this Ordinance. ARTICLE V ESTABLISHMENT OF FUNDS; DEPOSIT AND APPLICATION OF MONEY Section 501. Establishment of Funds. There have been or shall be established in the Village’s treasury and shall be held and administered by the Village Treasurer the Debt Service Fund. Section 502. Deposit of Bond Proceeds. The proceeds received from the sale of the Bonds shall be deposited or disbursed simultaneously with the delivery of the Bonds, as follows: (a) Bond proceeds shall be transferred to the 2016 Paying Agent in an amount sufficient to pay the principal of and interest on the Refunded Bonds, and the Refunded Bonds shall be redeemed in accordance with Section 507 hereof. (b) The remaining proceeds of the Bonds shall be used to pay costs of issuance of the Bonds. Any such money not used for such purpose shall be applied to the payment of interest due on the Bonds. Costs of issuance of the Bonds may be paid by the Underwriter or other third-party on behalf of the Village from the proceeds of the Bonds. Section 503. Application of Money in Debt Service Fund. All amounts paid and credited to the Debt Service Fund shall be expended and used by the Village for the sole purpose of paying the principal or Redemption Price of and interest on the Bonds on any Bond Payment Date. The Village Treasurer is authorized and directed to withdraw from the Debt Service Fund sums sufficient to pay the principal or Redemption Price of and interest on the Bonds as and when the same become due, and to forward such sums to the Paying Agent in a manner which ensures that the Paying Agent will receive immediately available funds in such amounts on or before the Business Day immediately preceding the dates when such principal or Redemption Price, and interest will become due. If, through the lapse of time or otherwise, the Registered Owners of Bonds are no longer entitled to enforce payment of the Bonds or the interest thereon, the Paying Agent shall return said funds to the Village. All money deposited with the Paying Agent shall be deemed to be deposited in accordance with and subject to all of the provisions contained in this Ordinance and shall be held in trust by the Paying Agent for the benefit of the Registered Owners of the Bonds entitled to payment from such money. Section 504. Deposits and Investment of Money. (a) Money in each of the funds created by and referred to in this Ordinance shall be deposited in a bank or banks or other legally permitted financial institutions that are members of the Federal Deposit Insurance Corporation. All such deposits shall be continuously and adequately secured by the financial institutions holding such deposits as provided by the laws of the State of Illinois. All money held in the -15- Page 175 of 212 funds created by this Ordinance shall be kept separate and apart from all other funds of the Village so that there shall be no commingling of such funds with any other funds of the Village. (b) Money held in any fund referred to in this Ordinance may be invested by the Village Treasurer at the direction of the Board of Trustees, in accordance with this Ordinance and the Federal Tax Certificate, in any legally permissible investment of funds of the Village; provided, however, that no such investment may be made for a period extending longer than to the date when the money invested may be needed for the purpose for which such fund was created. All earnings on any investments held in any fund shall accrue to and become a part of such fund. Section 505. Nonpresentment of Bonds. If any Bond is not presented for payment when the principal thereof becomes due at Maturity, if funds sufficient to pay such Bond have been made available to the Paying Agent, all liability of the Village to the Registered Owner thereof for the payment of such Bond shall forthwith cease, determine and be completely discharged and thereupon it shall be the duty of the Paying Agent to hold such funds, without liability for interest thereon, for the benefit of the Registered Owner of such Bond, who shall thereafter be restricted exclusively to such funds for any claim of whatever nature on his or her part under this Ordinance or on, or with respect to, said Bond. If any Bond is not presented for payment within one year following the date when such Bond becomes due at Maturity, the Paying Agent shall, without liability for interest thereon, repay to the Village the funds theretofore held by it for payment of such Bond, and such Bond shall, subject to the defense of any applicable statute of limitation, thereafter be an unsecured obligation of the Village, and the Registered Owner thereof shall be entitled to look only to the Village for payment, and then only to the extent of the amount so repaid to it by the Paying Agent, and the Village shall not be liable for any interest thereon and shall not be regarded as a trustee of such money. Section 506. Payments Due on Saturdays, Sundays and Holidays. In any case where a Bond Payment Date is not a Business Day, then payment of the principal or Redemption Price of and interest on the Bonds need not be made on such Bond Payment Date but may be made on the next succeeding Business Day with the same force and effect as if made on such Bond Payment Date, and no interest shall accrue for the period after such Bond Payment Date. Section 507. Redemption of Refunded Bonds. The Refunded Bonds are hereby called for redemption and payment prior to maturity on the earliest date possible after all redemption notices have been provided as required by the Series 2016 Bond Ordinance. The Refunded Bonds shall be redeemed at the principal payment office of the 2016 Paying Agent, by the payment on the redemption date of the redemption price thereof and accrued interest thereon to the redemption date. The Board of Trustees of the Village hereby authorizes the Village President or Village Clerk to cause notice of the call for redemption and payment of the Refunded Bonds to be given in the manner provided in the Series 2016 Bond Ordinance. The officers of the Village and the 2016 Paying Agent are hereby authorized and directed to take such other action as may be necessary in order to effect the redemption and payment of the Refunded Bonds as herein provided. ARTICLE VI REMEDIES Section 601. Remedies. The provisions of this Ordinance, including the covenants and agreements herein contained, shall constitute a contract between the Village and the Registered Owners of the Bonds, and the Registered Owner or Owners of not less than 10% in principal amount of the Bonds at -16- Page 176 of 212 the time Outstanding shall have the right for the equal benefit and protection of all Registered Owners of Bonds similarly situated: (a) by mandamus or other suit, action or proceedings at law or in equity to enforce the rights of such Registered Owner or Owners against the Village and its officers, agents and employees, and to require and compel duties and obligations required by the provisions of this Ordinance or by the Constitution and laws of the State of Illinois; (b) by suit, action or other proceedings in equity or at law to require the Village, its officers, agents and employees to account as if they were the trustees of an express trust; and (c) by suit, action or other proceedings in equity or at law to enjoin any acts or things which may be unlawful or in violation of the rights of the Registered Owners of the Bonds. Section 602. Limitation on Rights of Registered Owners. The covenants and agreements of the Village contained herein and in the Bonds shall be for the equal benefit, protection and security of the legal owners of any or all of the Bonds. All of the Bonds shall be of equal rank and without preference or priority of one Bond over any other Bond in the application of the funds herein pledged to the payment of the principal of and the interest on the Bonds, or otherwise, except as to rate of interest, or date of Maturity or right of prior redemption as provided in this Ordinance. No one or more Registered Owners secured hereby shall have any right in any manner whatever by his or their action to affect, disturb or prejudice the security granted and provided for herein, or to enforce any right hereunder, except in the manner herein provided, and all proceedings at law or in equity shall be instituted, had and maintained for the equal benefit of all Registered Owners of such Outstanding Bonds. Section 603. Remedies Cumulative. No remedy conferred herein upon the Registered Owners is intended to be exclusive of any other remedy, but each such remedy shall be cumulative and in addition to every other remedy and may be exercised without exhausting and without regard to any other remedy conferred herein. No waiver of any default or breach of duty or contract by the Registered Owner of any Bond shall extend to or affect any subsequent default or breach of duty or contract or shall impair any rights or remedies consequent thereon. No delay or omission of any Registered Owner to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein. Every substantive right and every remedy conferred upon the Registered Owners of the Bonds by this Ordinance may be enforced and exercised from time to time and as often as may be deemed expedient. If any suit, action or proceedings taken by any Registered Owner on account of any default or to enforce any right or exercise any remedy has been discontinued or abandoned for any reason, or has been determined adversely to such Registered Owner, then, and in every such case, the Village and the Registered Owners of the Bonds shall be restored to their former positions and rights hereunder, respectively, and all rights, remedies, powers and duties of the Registered Owners shall continue as if no such suit, action or other proceedings had been brought or taken. Section 604. Exception for Continuing Disclosure. This Article VI shall not apply to Section 805 hereof regarding the Village’s continuing disclosure obligations, and Registered Owners or Beneficial Owners (as defined in the Continuing Disclosure Undertaking) shall have no remedies for enforcement of said obligations other than the remedies provided for in Section 805 hereof and the Continuing Disclosure Undertaking. -17- Page 177 of 212 ARTICLE VII DEFEASANCE Section 701. Defeasance. (a) When any or all of the principal of the Bonds or scheduled interest payments thereon have been paid and discharged, then the requirements contained in this Ordinance and the pledge of the Village’s faith and credit hereunder and all other rights granted hereby shall terminate with respect to the principal of the Bonds or scheduled interest payments thereon so paid and discharged. Bonds or scheduled interest payments thereon shall be deemed to have been paid and discharged within the meaning of this Ordinance if there has been deposited with the Paying Agent, or other commercial bank or trust company having full trust powers, at or prior to the Stated Maturity or Redemption Date of said principal of the Bonds or the interest payments thereon, in trust for and irrevocably appropriated thereto, money and/or Defeasance Obligations which, together with the interest to be earned on any such Defeasance Obligations, will be sufficient for the payment of the principal of and redemption premium, if any, on said Bonds and/or interest accrued to the Stated Maturity or Redemption Date, or if default in such payment has occurred on such date, then to the date of the tender of such payments; provided, however, that if any such Bonds are to be redeemed prior to their Stated Maturity, (1) the Village has elected to redeem such Bonds, and (2) either notice of such redemption has been given, or the Village has given irrevocable instructions, or shall have provided for an escrow agent to give irrevocable instructions, to the Paying Agent to give such notice of redemption in compliance with Section 302(a) hereof. (b) Any money and Defeasance Obligations that at any time shall be deposited by or on behalf of the Village with the Paying Agent or other commercial bank or trust company for the purpose of paying and discharging any of the principal of the Bonds, or the scheduled interest payments thereon, shall be and are hereby assigned, transferred and set over to the Paying Agent or other bank or trust company in trust for the respective Registered Owners of the Bonds, and such money shall be and is hereby irrevocably appropriated to the payment and discharge thereof. All money and Defeasance Obligations deposited with the Paying Agent or other bank or trust company shall be deemed to be deposited in accordance with and subject to all of the provisions of this Ordinance. (c) To accomplish a defeasance of the principal of the Bonds or scheduled interest payments thereon when the Village will rely on interest to be earned on any Defeasance Obligations deposited as described in paragraph (a) above, the Village shall cause to be delivered to the Paying Agent (i) a report of an independent firm of nationally recognized certified public accountants verifying the sufficiency of the escrow established to pay the Bonds in full at Maturity, (ii) an escrow agreement and (iii) an opinion of Bond Counsel to the effect that the principal of the Bonds or scheduled interest payments thereon are no longer “Outstanding” under this Ordinance. Bonds shall be deemed “Outstanding” under this Ordinance unless and until they are in fact paid and retired or the criteria of this Section are met. ARTICLE VIII MISCELLANEOUS PROVISIONS Section 801. Tax Covenants. The Village covenants and agrees that it will (i) comply with all applicable provisions of the Code, including Sections 103 and 141 through 150, necessary to maintain the exclusion from federal gross income of the interest on the Bonds, and (ii) not use or permit the use of any proceeds of Bonds or any other funds of the Village, nor take or permit any other action, or fail to take any action, which would adversely affect the ordinances or exclusion from federal gross income of the interest -18- Page 178 of 212 on the Bonds. The Village will also adopt such other ordinances or resolutions and take such other actions as may be necessary to comply with the Code and with other applicable future laws, regulations, published rulings and judicial decisions, in order to ensure that the interest on the Bonds will remain excluded from federal gross income, to the extent any such actions can be taken by the Village. The Village President is hereby authorized to execute a Federal Tax Certificate, in order to set forth certain representations, facts, expectations, terms and conditions relating to the use and investment of the proceeds of the Bonds, to establish and maintain the exclusion of interest on the Bonds from gross income for federal income tax purposes, and to provide guidance for complying with the arbitrage rebate provisions of Code. Section 802. Annual Audit. (a) Annually, promptly after the end of the fiscal year, the Village will cause an audit to be made of its funds and accounts for the preceding fiscal year by a certified public accountant or firm of certified public accountants. (b) Within 30 days after the completion of each such audit, a copy thereof shall be filed in the office of the Village Clerk. Such audits shall at all times during the usual business hours be open to the examination and inspection by any taxpayer, any Registered Owner of any of the Bonds, or by anyone acting for or on behalf of such taxpayer or Registered Owner. (c) As soon as possible after the completion of the annual audit, the governing body of the Village shall review such audit, and if the audit discloses that proper provision has not been made for all of the requirements of this Ordinance, the Village shall promptly cure such deficiency. Section 803. Amendments. (a) Notwithstanding the Village’s obligations under the Continuing Disclosure Undertaking which may only be modified as provided therein, the rights and duties of the Village and the Registered Owners, and the terms and provisions of the Bonds or of this Ordinance, may be amended or modified at any time in any respect by ordinance of the Village with the written consent of the Registered Owners of not less than a majority in principal amount of the Bonds then Outstanding. Such consent shall be evidenced by an instrument or instruments executed by such Registered Owners and duly acknowledged or proved in the manner of a deed to be recorded, and such instrument or instruments shall be filed with the Village Clerk. No such modification or alteration may: (1) extend the maturity of any payment of principal or interest due upon any Bond; (2) alter the optional Redemption Date of any Bond; (3) effect a reduction in the amount which the Village is required to pay as principal of or interest on any Bond; (4) permit preference or priority of any Bond over any other Bond; or (5) reduce the percentage in principal amount of Bonds required for the written consent to any modification or alteration of the provisions of this Ordinance. (b) Any provision of the Bonds or of this Ordinance may, however, be amended or modified by Ordinance duly adopted by the governing body of the Village at any time in any legal respect with the written consent of the Registered Owners of all of the Bonds at the time Outstanding. -19- Page 179 of 212 (c) Without notice to or the consent of any Registered Owners, the Village may amend or supplement this Ordinance for the purpose of curing any formal defect, omission, inconsistency or ambiguity therein or in connection with any other change therein which is not materially adverse to the interests of the Registered Owners. (d) Every amendment or modification of the provisions of the Bonds or of this Ordinance, to which the written consent of the Registered Owners is given, as above provided, shall be expressed in an ordinance adopted by the Board of Trustees of the Village amending or supplementing the provisions of this Ordinance and shall be deemed to be a part of this Ordinance. A certified copy of every such amendatory or supplemental ordinance if any, and a certified copy of this Ordinance shall always be kept on file in the office of the Village Clerk and shall be made available for inspection by the Registered Owner of any Bond or a prospective purchaser or owner of any Bond authorized by this Ordinance, and upon payment of the reasonable cost of preparing the same, a certified copy of any such amendatory or supplemental ordinance or of this Ordinance will be sent by the Village Clerk to any such Registered Owner or prospective Registered Owner. (e) Any and all modifications made in the manner hereinabove provided shall not become effective until there has been filed with the Village Clerk a copy of the ordinance of the Village hereinabove provided for, duly certified, as well as proof of any required consent to such modification by the Registered Owners of the Bonds then Outstanding. It shall not be necessary to note on any of the Outstanding Bonds any reference to such amendment or modification. (f) The Village shall furnish to the Paying Agent a copy of any amendment to the Bonds or this Ordinance which affects the duties or obligations of the Paying Agent under this Ordinance. Section 804. Notices, Consents and Other Instruments by Registered Owners. (a) Any notice, consent, request, direction, approval or other instrument to be signed and executed by the Registered Owners may be in any number of concurrent writings of similar tenor and may be signed or executed by such Registered Owners in person or by agent appointed in writing. Proof of the execution of any such instrument or of the writing appointing any such agent and of the ownership of Bonds (except for the assignment of ownership of a Bond as provided for in the form of Bond set forth in Exhibit A) if made in the following manner, shall be sufficient for any of the purposes of this Ordinance, and shall be conclusive in favor of the Village and the Paying Agent with regard to any action taken, suffered or omitted under any such instrument, namely: (1) The fact and date of the execution by any Person of any such instrument may be proved by a certificate of any officer in any jurisdiction who by law has power to take acknowledgments within such jurisdiction that the Person signing such instrument acknowledged before such officer the execution thereof, or by affidavit of any witness to such execution. (2) The fact of ownership of Bonds, the amount or amounts, numbers and other identification of Bonds, and the date of holding the same shall be proved by the Bond Register. (b) In determining whether the Registered Owners of the requisite principal amount of Bonds Outstanding have given any request, demand, authorization, direction, notice, consent or waiver under this Ordinance, Bonds owned by the Village shall be disregarded and deemed not to be Outstanding under this Ordinance, except that, in determining whether the Registered Owners shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Bonds which the Registered Owners know to be so owned shall be so disregarded. Notwithstanding the foregoing, Bonds so owned which have been pledged in good faith shall not be disregarded as aforesaid if the pledgee -20- Page 180 of 212 establishes to the satisfaction of the Registered Owners the pledgee’s right so to act with respect to such Bonds and that the pledgee is not the Village. Section 805. Continuing Disclosure. The Village President is hereby authorized, empowered and directed to execute and deliver a Continuing Disclosure Undertaking under Section (b)(5) of Rule 15c2-12 adopted by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Continuing Disclosure Undertaking”). When the Continuing Disclosure Undertaking is executed and delivered on behalf of the Village as herein provided, the Continuing Disclosure Undertaking will be binding on the Village and the officers, employees and agents of the Village, and the officers, employees and agents of the Village are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Continuing Disclosure Undertaking as executed. Notwithstanding any other provision of this Ordinance, the sole remedy for failure to comply with the Continuing Disclosure Undertaking shall be the ability of the beneficial owner of any Bond to seek mandamus or specific performance by court order to cause the Village to comply with its obligations under the Continuing Disclosure Undertaking. Section 806. Municipal Bond Insurance. In the event the payment of principal of and interest on the Bonds is insured pursuant to a municipal bond insurance policy (the “Municipal Bond Insurance Policy”) issued by a bond insurer (the “Bond Insurer”), and as long as such Municipal Bond Insurance Policy shall be in full force and effect, the Village and the Paying Agent agree to comply with such usual and reasonable provisions regarding presentment and payment of the Bonds, subrogation of the rights of the Registered Owners to the Bond Insurer upon payment of the Bonds by the Bond Insurer, amendment hereof, or other terms, as approved by the Village President on advice of counsel, his or her approval to constitute full and complete acceptance by the Village of such terms and provisions under authority of this Section. Section 807. Further Authority. The Village’s officers, including the Village President, the Village Administrator, the Village Treasurer and the Village Clerk are hereby authorized and directed to execute all documents and take such actions as they may deem necessary or advisable, including the approval and execution of an escrow instruction letter instructing the 2016 Paying Agent to hold proceeds of the Bonds prior to the redemption date of the Refunded Bonds and agreements relating to paying agent services and any post-issuance compliance services necessary to keep the Village in compliance with its covenants and agreements set forth in the Federal Tax Certificate and the Continuing Disclosure Undertaking, in order to carry out and perform the purposes of this Ordinance and to make ministerial alterations, changes or additions in the foregoing agreements, statements, instruments and other documents herein approved, authorized and confirmed which they may approve, and the execution or taking of such action shall be conclusive evidence of such necessity or advisability. Section 808. Parties Interested Herein. Nothing in this Ordinance expressed or implied is intended or shall be construed to confer upon, or to give to, any Person or entity, other than the Village, the Paying Agent and the Registered Owners of the Bonds, any right, remedy or claim under or by reason of this Ordinance or any covenant, condition or stipulation thereof, and all covenants, stipulations, promises and agreements in this Ordinance contained by and on behalf of the Village shall be for the sole and exclusive benefit of the Village, the Paying Agent and the Registered Owners of the Bonds. Section 809. Severability. If any section or other part of this Ordinance is for any reason held invalid, the invalidity thereof shall not affect the validity of the other provisions of this Ordinance. Section 810. Governing Law. This Ordinance shall be governed exclusively by and construed in accordance with the applicable laws of the State of Illinois. -21- Page 181 of 212 Section 811. Effective Date. This Ordinance shall take effect and be in full force immediately after its passage by the Board of Trustees and approval by the Village President. Section 812. Electronic Transactions. The transaction described herein may be conducted and related documents may be sent, received or stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law. ADOPTED by the Board of Trustees on the 14th day of April, 2026: Aye: . Nay: . Abstain: . Absent: __________________________________________________________. PASSED this 14th day of April, 2026. Village Clerk APPROVED this 14th day of April, 2026. Village President -22- Page 182 of 212 EXHIBIT A TO ORDINANCE (FORM OF BONDS) EXCEPT AS OTHERWISE PROVIDED IN THE ORDINANCE (DESCRIBED HEREIN), THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY (DESCRIBED HEREIN) OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. UNITED STATES OF AMERICA STATE OF ILLINOIS Registered Registered No. _____ $__________ VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS GENERAL OBLIGATION REFUNDING BOND SERIES 2026 Interest Rate Maturity Date Dated Date CUSIP Number % January 1, 20___ _______ ___, 2026 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: _________________________________________ DOLLARS THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS, a home rule unit of government and political subdivision of the State of Illinois (the “Village”), for value received, hereby acknowledges itself to be indebted and promises to pay to the Registered Owner shown above, or registered assigns, the Principal Amount shown above on the Maturity Date shown above, unless called for redemption prior to the Maturity Date, and to pay interest thereon at the Interest Rate per annum shown above (computed on the basis of a 360-day year of twelve 30-day months) from the Dated Date shown above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable semiannually on January 1 and July 1 in each year, beginning on July 1, 2026, until said principal amount has been paid. The principal or Redemption Price of this Bond shall be paid at Maturity or upon earlier redemption by check, electronic transfer or draft to the Person in whose name this Bond is registered on the Bond Register (hereinafter defined) at the Maturity or Redemption Date thereof, upon presentation and surrender of this Bond at the principal payment office of Zions Bancorporation, National Association (the “Paying A-1 Page 183 of 212 Agent”), in Chicago, Illinois. The interest payable on this Bond on any Interest Payment Date shall be paid to the Person in whose name this Bond is registered on the registration books maintained by the Paying Agent (the “Bond Register”) at the close of business on the Record Date for such interest, which shall be the fifteenth day (whether or not a Business Day) of the calendar month next preceding such Interest Payment Date. Such interest shall be payable by (a) check or draft mailed by the Paying Agent to the address of such Registered Owner shown on the Bond Register or such other address as is furnished to the Paying Agent in writing by such Registered Owner, or (b) electronic transfer to such Registered Owner upon written notice signed by such Registered Owner and given to the Paying Agent not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the name and address of the bank, the bank’s ABA routing number and the account number to which such Registered Owner wishes to have such transfer directed. The principal or Redemption Price of and interest on the Bonds shall be payable by check, electronic transfer or draft in any coin or currency that, on the respective dates of payment thereof, is legal tender for the payment of public and private debts. This Bond is one of an authorized series of bonds of the Village designated “General Obligation Refunding Bonds, Series 2026,” aggregating the principal amount of $_________ (the “Bonds”), issued by the Village for the purpose of (1) refunding the Village’s General Obligation Bonds, Series 2016, and (2) paying costs of issuing the Bonds, under the authority of and in full compliance with the constitution and laws of the State of Illinois and an ordinance duly passed (the “Ordinance”) and proceedings duly and legally had by the governing body of the Village. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Ordinance. [*The Bonds are not subject to optional redemption prior to maturity.*] [*At the Village’s option, the Bonds or portions thereof maturing on January 1, 20___ and thereafter may be called for redemption and payment prior to maturity on January 1, 20___ and thereafter as a whole or in part at any time in such order of maturity as shall be determined by the Village (Bonds of less than a full maturity to be selected in multiples of $5,000 principal amount by lot or such other equitable manner as the Paying Agent shall designate) at the Redemption Price of 100% of the principal amount thereof, plus accrued interest thereon to the Redemption Date.*] Notice of redemption, unless waived, is to be given by the Paying Agent by mailing an official redemption notice by first class mail at least 30 days but not more than 60 days prior to the Redemption Date to each Registered Owner of the Bond or Bonds to be redeemed at the address shown on the Bond Register maintained by the Paying Agent. Notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Village defaults in the payment of the Redemption Price) such Bonds or portions of Bonds shall cease to bear interest. The Bonds constitute general obligations of the Village payable as to principal or Redemption Price of and interest on the Bonds from ad valorem taxes levied without limitation as to rate or amount upon all the taxable property, within the Village’s territorial limits. The full faith, credit and resources of the Village are irrevocably pledged for the prompt payment of the principal or Redemption Price of and interest on the Bonds as the same become due. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Ordinance. One Bond certificate with respect to each date on which the Bonds are stated to mature, registered in the nominee name of the Securities Depository, is being issued and required to be delivered to and immobilized with the Securities Depository or with the Paying Agent as the Securities Depository’s FAST Agent. The book-entry system will evidence positions held in the Bonds by the Securities Depository’s participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall A-2 Page 184 of 212 be effected on the records of the Securities Depository and its participants. The Paying Agent and the Village will recognize the Securities Depository nominee, while the Registered Owner of this Bond, as the owner of this Bond for all purposes, including (1) payments of the principal or Redemption Price of and interest on, this Bond, (2) notices and (3) voting. Transfers of principal or Redemption Price of and interest payments to participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. The Paying Agent and the Village will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing the records maintained by the Securities Depository, the Securities Depository nominee, its participants or persons acting through such participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the provision hereinabove contained, payments of the principal or Redemption Price of and interest on this Bond shall be made in accordance with existing arrangements between the Paying Agent, the Village and the Securities Depository. EXCEPT AS OTHERWISE PROVIDED IN THE ORDINANCE, THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. This Bond may be transferred or exchanged, as provided in the Ordinance, only on the Bond Register kept for that purpose at the principal payment office of the Paying Agent, upon surrender of this Bond together with a written instrument of transfer or authorization for exchange satisfactory to the Paying Agent duly executed by the Registered Owner or the Registered Owner’s duly authorized agent, and thereupon a new Bond or Bonds in any authorized denomination of the same maturity and in the same aggregate principal amount shall be issued to the transferee in exchange therefor as provided in the Ordinance and upon payment of the charges therein prescribed. The Village and the Paying Agent may deem and treat the Person in whose name this Bond is registered on the Bond Register as the absolute owner hereof for the purpose of receiving payment of, or on account of, the principal or Redemption Price of and interest due hereon and for all other purposes. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Ordinance until the Certificate of Authentication hereon has been executed by the Paying Agent. IT IS HEREBY DECLARED AND CERTIFIED that all acts, conditions and things required to be done and to exist precedent to and in the issuance of the Bonds have been done and performed and do exist in due and regular form and manner as required by the Constitution and laws of the State of Illinois; that a direct annual tax upon all taxable property situated in the Village has been levied for the purpose of paying the principal or Redemption Price of and interest on the Bonds when due; and that the total indebtedness of the Village, including this Bond and the series of which it is one, does not exceed any constitutional or statutory limitation. A-3 Page 185 of 212 IN WITNESS WHEREOF, THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS, has caused this Bond to be executed by the manual or facsimile signature of its Village President and attested by the manual or facsimile signature of its Village Clerk and its official seal to be affixed or imprinted hereon. CERTIFICATE OF AUTHENTICATION VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS This Bond is one of the Bonds of the issue described in the within-mentioned Ordinance. By: ___________________________________ Village President Registration Date: ____________________ ZIONS BANCORPORATION, NATIONAL ASSOCIATION, (Seal) Paying Agent ATTEST: By ________________________________ _______________________________________ Authorized Signatory Village Clerk A-4 Page 186 of 212 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto ____________________________________________________________________________________ Print or Type Name, Address and Social Security Number or other Taxpayer Identification Number of Transferee the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints ____________________ agent to transfer the within Bond on the Bond Register kept by the Paying Agent for the registration thereof, with full power of substitution in the premises. Dated: ____________________ _______________________________________ NOTICE: The signature to this assignment must correspond with the name of the Registered Owner as it appears upon the face of the within Bond in every particular. Medallion Signature Guarantee: A-5 Page 187 of 212 STATE OF ILLINOIS ) ) SS. COUNTY OF CHAMPAIGN ) I, the undersigned, do hereby certify that I am the duly qualified and acting Village Clerk of the Village of Rantoul, Champaign County, Illinois, and as such officer I am the keeper of the records and files of the Board of Trustees of said Village. I do further certify that the foregoing constitutes a full, true and complete copy of an ordinance adopted by the Board of Trustees of the Village on the 14th day of April, 2026, entitled: AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DELIVERY OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2026, OF THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON THE BONDS AS THEY BECOME DUE; AND AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH. I do further certify that the deliberations of the Board of Trustees of said Village on the adoption of said ordinance were taken openly; that the vote on the adoption of said ordinance was taken openly; that said meeting was held at a specified time and place convenient to the public; that notice of said meeting was duly given to all news media requesting such notice; that an agenda for said meeting was posted at the location where said meeting was held and at the principal office of the Board of Trustees of said Village at least 48 hours in advance of the holding of said meeting on a day other than a Saturday, a Sunday or a legal holiday for municipalities in the State of Illinois; that said agenda contained a specific reference to said ordinance; and that said meeting was called and held in strict accordance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and with the provisions of the Illinois Municipal Code, as amended, and that said Board of Trustees has complied with all of the applicable provisions of said Act, said Code and its procedural rules in the adoption of said ordinance. IN WITNESS WHEREOF, I have hereunto affixed my official signature and the seal of said Village, this __ day of _________, 2026. _________________________________ Village Clerk, Village of Rantoul, Champaign County, Illinois (SEAL) Page 188 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Loan for a Self-Serve Aviation Fuel DEPARTMENT: Administration Dispensing System for the Rantoul National Aviation Center from the Bank of Rantoul for a Not-to-Exceed amount of $225,000.00, with a payback over five years at a rate of 3.975% DATE: April 7, 2026 AMOUNT: Not-to-Exceed $225,000.00 ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: As outlined earlier, there is a significant benefit to the Rantoul National Aviation Center to provide self-serve aviation fuel. The financial benefit to the Village would recoup the expenditure of the system's installation. However, the Airport Fund does not have enough funding currently for the capital outlay. Recognizing that over a five-year period, the revenue generated from the addition of self-service aviation fueling would exceed the initial cost of installation and ongoing maintenance, the Administration feels it is in the best interest of the Village to take out a loan not-to-exceed $225,000.00, with a payback term of five-years. This would allow the installation of the equipment and the operation of the fueling station to begin as soon as possible. Administration reached out to several local financial institutions, and received quotes for the following interest rates: ▪ Bank of Rantoul - 3.975% ▪ First Midwest - 4.840% ▪ Credit Union 1 - 7.000% ▪ Busey - 7.390% ▪ Community Plus - Did not offer a bid With this in mind, the Administration would ask the Board of Trustees to approve the issuance of a loan from Bank of Rantoul to the Village of Rantoul for up to $225,000.00 for the installation of a self-serve aviation fueling station at the Rantoul National Aviation Center, with a payback over five years at a rate of 3.975% from the revenue generated by the sales of aviation fuel at the Rantoul National Aviation Center. Page 189 of 212 RECOMMENDED ACTION: Approve the loan from the Bank of Rantoul for up to $225,000.00, with a payback over five years at a rate of 3.975% DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Scott Eisenhauer Page 190 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Resolution Outlining Expenditures DEPARTMENT: Comptroller in Fiscal Year 2026-27 Committed Funds DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Resolution Outlining Committed Funds for Fiscal Year 2026-27 2. committed funds summary for resolution SUMMARY HIGHLIGHTS: In compliance with Governmental Accounting Standards, the Village is required to separately list "Committed Funds," and identify what, if any, appropriations will be considered in the upcoming Fiscal Year Budget. Committed Fund classification includes amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision making authority. Those "Committed Funds" include the following: ▪ Fund 208 Economic Development Fund ▪ Fund 210 Micro-Loan ▪ Fund 254 Revolving Loan Fund ▪ Fund 214 TIF II ▪ Fund 216 TIF III ▪ Fund 218 TIF IV ▪ Fund 221 Investigations ▪ Fund 551 Storm Water Drainage Fund ▪ Fund 721 Foreign Fire Insurance Fund Approving this Resolution will eliminate an annual finding in our end-of-the-year audit. RECOMMENDED ACTION: Approve Resolution Outlining Expenditures in Committed Funds DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Angela Schultz Scott Eisenhauer Page 191 of 212 Page 192 of 212 RESOLUTION 04-26-1453 A RESOLUTION OUTLINING COMMITTED FUNDS WHEREAS, the Village of Rantoul, Champaign County, Illinois ("Village'') adopts an annual budget, which identifies line items or funds representing estimated revenues and expenditures of a certain nature; and, WHEREAS, certain funds may be classified as Committed Funds, in that such funds, and any fund balances at the end of a fiscal year, can be used only for the specific purposes determined by a formal action of the Corporate Authorities; and, WHEREAS, Governmental Accounting Standards now require that such committed funds be identified as such for reporting purposes. NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS, as follows: Section 1. The Village adopts an annual budget which contains committed funds, which are those fund classifications in which the funds identified are amounts that can be used only for the specific purposes determined by a formal action of the Corporate Authorities. Section 2. The Committed Funds within the Village Budget are: a. Fund 208 – Economic Development Fund b. Fund 210 – Micro-Loan c. Fund 254 – Revolving Loan Fund d. Fund 214 – TIF II e. Fund 216 – TIF III f. Fund 218 – TIF IV g. Fund 221 – Investigations h. Fund 551 – Storm Water Drainage Fund i. Fund 721 – Foreign Fire Insurance Fund Attached hereto and incorporated by reference herein is a memorandum explaining the above-referenced Committed Funds and projected expenditures within those funds. This Resolution is hereby passed, the “ayes” and "nays" being called, by the concurrence of a majority of the members of the Corporate Authorities then holding office at a regular meeting on the date set forth below. PASSED this 14th day of April, 2026. Village Clerk APPROVED this 14th day of April, 2026. Village President Page 193 of 212 Committed Funds for Fiscal Year 2026-2027 Fund 208 (Economic Development Fund) provides set-aside funds for large projects designed to facilitate economic development, support business development, support necessary infrastructure throughout the community to promote commercial development, or aid in creation or maintenance of businesses within the Village. Projected expenditures in Fiscal Year 2027 include: US Forest Grant Tree Plantings at $175,000 Pleasant Acres Sidewalk Project at $580,000 Sales Tax Rebates at $65,000 Façade Grant per adopted Façade Grant Program at $40,000 Scott Street Redevelopment at $40,000 Downtown Mural Project at $40,000 Fund 210 (Micro-Loan) and Fund 254 (Revolving Loan Fund) provides additional small business loans made to eligible businesses throughout Rantoul per the adopted Small Business Micro-Loan and Revolving Loan Program guidelines. We funded one loan project in Fiscal Year 2026 for Timberline, a banquet center. There are no proposed loan requests projected for Fiscal Year 2027. Funds 214, 216, 218 (TIF II, III, IV) are Tax Increment Financing (TIF) Funds used by the Village to reduce or eliminate blighting conditions, foster improvement, and enhance the tax base of every taxing district which extends into the area. Tax Increment Financing provides for redevelopment that would otherwise not occur without the support of public investments. This tool allows the Village to capture the increase in local property tax that result from a redevelopment which also contributes to the TIF fund. Money collected in this fund may only be used on projects within the boundary of the district. TIF II boundaries include the west side from west of South Murray Road to east of Interstate 57 south of approximately Stonebridge to the Village corporate limits. Projected expenditures in Fiscal Year 2027 include$640,468 towards bond payments for the Rantoul Family Sports Complex, $20,000 for United Developers Property Tax Rebate and $10,000 for Holiday Inn Property Tax Rebate. TIF III covers the Industrial Park area inclusive of Vista Outdoor and acreage to its north. Allocated expenditures in the Fiscal Year 2027 Budget include repayment of the Series 2024 Bond at $916,060. TIF IV includes property north of approximately Stonebridge to just north of Route 136 all west of Murray Road. Anticipated expenditures in Fiscal Year 2026 include $50,000 for Shields Property Tax Rebate and $30,000 to Oceanview Property Tax Rebate. Fund 221 (Investigations) is comprised of four sub-funds, including: PSF100 – Investigation/Evidence Fund (used for Evidence Room/Investigations) PSF802 – New Equipment (used for DUI/Traffic Enforcement Equipment) PSF803 – Drug Forfeiture Money (used for Drug Enforcement Equipment) PSF804 – Assets from State/Article 36 Seizure (used for Police Equipment) There are no projected Expenditures from Fund 221 in Fiscal Year 2027. Page 194 of 212 Fund 551 (Storm Water Drainage Fund) allocates funding for the installation and maintenance of infrastructure to support storm water drainage improvements throughout the community. Projected spending in Fiscal Year 2027 includes: Maplewood Detention Pond mowing and Grove Street Admin Costs at $15,000 Fund 721 (Foreign Fire Insurance Fund) is a fund established by Illinois State Statute, commonly referred to as the “2% Insurance Fund”, which is derived from a 2% tax on fire insurance premiums, used for the benefit of the Rantoul Fire Department and its members. Currently there are no anticipating expenditures from this fund in Fiscal Year 2027. Page 195 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Resolution Authorizing Transfer of DEPARTMENT: Comptroller Fiscal Year 2026-27 Funds Regarding a Negative Fund Balance DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: In compliance with the Governmental Accounting Standards Board, a transfer of funds for negative accounts is an inter-fund transaction used to move funds from a "surplus" fund to a "deficit" fund to eliminate a negative fund balance at the end of the Fiscal Year. Upon the implementation of the Village’s 2026-2027 Budget, those certain amounts identified herein shall be transferred from various funds back to their original funds. RECOMMENDED ACTION: Approve Resolution for the Transfer of Funds for Negative Accounts DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Angela Schultz Scott Eisenhauer Page 196 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Fiscal Year 2026-27 Budget DEPARTMENT: Administration Discussion DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: The Fiscal Year 2027 Budget Presentation can be found online at the following link. Budget Presentation The proposed Fiscal Year 2027 Budget Documentation can be found online at the following link. Proposed Budget Documentation RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Scott Eisenhauer Page 197 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Items of Information: DEPARTMENT: Administration ▪ Aquatic Center Swim Lessons ▪ Recreation Fee ▪ Pothole Filling Machine DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Scott Eisenhauer Page 198 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Public Hearing - GFL DEPARTMENT: Administration Environmental Transfer Station April 17, 2026 | 9:00am DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Notice of Public Hearing 041726 SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 199 of 212 Page 200 of 212 Page 201 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: EAA Young Eagles Rally - FREE! DEPARTMENT: Administration April 18 | 9:00 - 11:00am Rantoul National Aviation Center Register at eaachapters.org DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Young Eagles Flyer 041826 SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 202 of 212 Young Eagles Flight Rally Saturday, April 18, 2026 | 9:00 - 11:00am Frank Elliott Field ⚫ Rantoul National Aviation Center  Generously Sponsored by EAA Chapter 29  Parent / Legal Guardian must be Present PRE-REGISTRATION IS REQUIRED  Introduction to the World of Aviation  Achieve Young Eagle Certification  Exploration of Career Pathways Join Us For a Day of Flying Fun ! www.eaachapters.org Page 203 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Senior Rambles Trip to The DEPARTMENT: Administration Pottery Place Wednesday, April 29 | 11:45am - 2:45pm Call 217-893-5700 to Register DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Senior Rambles 042926 2. Senior Brochure 2026 SUMMARY HIGHLIGHTS: Our Senior Programming continues! Join us on Wednesday, April 29th for a trip to The Pottery Place in Champaign. Cost is $25 and includes transportation, a 90-minute pottery glazing session, and a light snack/drink while you craft. A selection of pre-made bisqueware will be available to choose from. Participants will glaze their piece, and our Rec staff will pick the final product up the week after it has been fired in the kiln. Estimated schedule: 11:45am — Depart the Rantoul Youth Center 12:15pm — Glazing session 2:45pm — Arrive back in Rantoul (estimated) Give the Recreation Office a call at (217) 893-5700 RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Luke Humphrey Scott Eisenhauer Page 204 of 212 Page 205 of 212 Brochure Key : October: $$$ registration is required - a cost is Covered Bridge Festival associated with this activity and registration is required! Date and time to be determined $$$ registration is required FREE- No cost or registration is required! FREE but registration is encouraged - While this activity has no cost associated, we would appreciate if you could give our office a call to let us know you are coming. To our Rantoul Seniors : November: Thank you for your involvement in our community! We would not be where we are without each and Festival of Trees every one of you. One of our goals at the Rantoul Date and time to be determined Recreation Department is to provide our Rantoul $$$ registration is required Seniors with engaging activities and events, and Coffee and Conversations your participation allows us to continue this Every Tuesday Morning in November from programming. If you want to stay up to date about 10 a.m. to 11 a.m. upcoming programs, give us a call to get signed up Recreation Building for notifications. 2026 Activity Guide Free, but registration is encouraged Rantoul Senior Contact us: December: Recreation Office : (217) 893-5700 Programming Senior Lunch Phoenix LaCombe : (217) 893-5771 December 10th at 11:30 a.m. Maggie Bowen : (217) 893-5703 Rantoul Youth Center Free, but registration is encouraged Ask us how to sign up for Trip to Fashion Mall at Keystone Carmel, Indiana Senior Programming Date and time to be determined $$$ registration is required reminders! Page 206 of 212 January April July The Pottery Place Senior Swim No Events or Trips Every Friday in July from Date and time to be determined Planned for January 12:00 p.m. to 1:00 p.m. $$$ registration is required Free but must stop at the front desk before entering the pool deck Senior Lunch July 16th at 11:30 a.m. Recreation Building Free, but registration is encouraged February May August Casino Trip Senior Luncheon Festival Trip Date, time, and location to be determined May 21st at 11:30 a.m. Date, time, and festival to be determined $$$ registration is required Recreation Building $$$ registration is required FREE, but registration is encouraged March June September Senior Luncheon Senior Swim Senior Lunch March 19th at 11:30 a.m. Every Friday in June from September 17th at 11:30 a.m. Recreation Building 12:00 p.m. to 1:00 p.m. Rantoul Family Sports Complex FREE, but registration is encouraged Free, but must stop at the front desk Free, but registration is encouraged before entering the pool deck Page 207 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Village of Rantoul Clean-up Day DEPARTMENT: Administration Saturday, May 16 | 8:00am to Noon Must Provide a Copy of Utility Bill DATE: April 7, 2026 AMOUNT: N/A ATTACHMENTS: ADMINISTRATIVE NOTES: 1. Village Clean Up Day SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Christopher Milliken Scott Eisenhauer Page 208 of 212 Located at Galaxy Dr. (Same location as last year!) No Entry No Entry Village of No Exit No Exit Rantoul Clean - Up Day Located at Galaxy Dr. (Same location as last year!) Saturday, May 16, 2026 Exit Here 8:00AM to 12:00PM Only utility customers who pay for garbage service through the Village may take THE FOLLOWING ITEMS WILL NOT BE ACCEPTED: advantage of this ONE DAY event. • Regular household trash • Yard waste YOU MUST BRING A COPY • Hazardous waste or paint OF YOUR MOST RECENT • Tires of any type or size UTILITY BILL! • No Freon (AC/ Refrig etc.) items **The utility customer also • Electronics, TV’s, Etc. needs to be present at the • L.P. Tanks time of drop off. • Vehicle Batteries • Construction waste max 2.5 cubic yard **You must assist in (approx. 5’x5’x3’ tall) unloading your own vehicle. In Partnership with For more information, please visit our website at www.myrantoul.com/cleanupday 333 S. Tanner St. Rantoul, IL 61866 Page 209 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Motion to enter into closed session DEPARTMENT: Administration pursuant to 5 ILCS 120/2 (C) 6, to consider the setting of a price for sale or lease of property owned by the public body DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 210 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Motion to enter into closed session DEPARTMENT: Administration pursuant to 5 ILCS 120/2 (C) 11, to consider litigation, when an action against, affecting, or on behalf of the particular public body, has been filed and is pending before a court, or when the public body finds that an action is probable or imminent, in which case the basis for the finding shall be recorded and entered into the minutes of the closed meeting DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 211 of 212 BOARD OF TRUSTEES VILLAGE OF RANTOUL AGENDA ITEM ITEM: Motion to enter into closed session DEPARTMENT: Administration pursuant to 5 ILCS 120/2 (C) 1, to consider the appointment, employment, compensation, discipline, performance, or dismissal of specific employees, or legal counsel for the public body, including hearing testimony on a complaint lodged against an employee. DATE: April 7, 2026 AMOUNT: ATTACHMENTS: ADMINISTRATIVE NOTES: SUMMARY HIGHLIGHTS: RECOMMENDED ACTION: DEPARTMENT HEAD APPROVAL VILLAGE ADMINISTRATOR Page 212 of 212