[PAGE 1] Special Village Board of Trustees Meeting Agenda Budget Meeting #1 Village of Cary January 27, 2026 – 6:00 PM Cary Municipal Center Board Room 755 Georgetown Drive, Cary, IL 60013 Agenda I. Call to Order II. Roll Call III. Pledge of Allegiance IV. Open Forum Open Forum is an opportunity for the public to address the Village Board of Trustees about issues not otherwise on the agenda. The Village Board welcomes public comment at its meetings. Each speaker is limited to a total of three (3) minutes to ensure that other members of the public can speak and allow time for official Village business to occur. Those wishing to address the Board during Open Forum are encouraged to provide their contact information on the sign-in sheet so they can be recognized and called to the podium. The Board will not respond to public comments during Open Forum. When appropriate, the Mayor will refer the issue to the appropriate staff member for follow-up. Responses will be made by Village staff to the email or telephone number provided on the sign-in sheet at the meeting. For the complete details of the Village's Open Forum policy, refer to the sign displayed at the sign-in table in the Village Board room. V. Discussion Regarding Alfresco Alley Improvements A. Discussion Regarding Alfresco Alley Improvements VI. Discussion Regarding Fiscal Year 2027 - Fiscal Year 2031 Capital Improvement Program (CIP) A. Discussion on Fiscal Year 2027 - Fiscal Year 2031 Capital Improvement Program VII. Adjourn The Village of Cary is subject to the requirements of the Americans with Disabilities Act of 1990. Individuals with disabilities who plan to attend this meeting and who require certain accommodations so that they can observe and/or participate in this meeting, or who have questions regarding the accessibility of the meeting or the Village’s facilities, should contact Village Hall at (847) 639-0003 [TDD (630) 845-2180] promptly to allow the Village to make reasonable accommodations for those persons. [PAGE 2] January 27, 2026 Village Board of Trustees Agenda Item: Discussion Regarding Alfresco Alley Improvements Type: Discussion Report From: Public Works Introduction The Village hired urban designer and landscape architect, MKSK, of Chicago, IL, to design the Alfresco Alley Improvements. MKSK will be presenting the proposed design plans for consideration and comments. [PAGE 3] January 27, 2026 Village Board of Trustees Agenda Item: Discussion on Fiscal Year 2027 - Fiscal Year 2031 Capital Improvement Program Type: Discussion Report From: Administration Introduction The Capital Improvement Program (CIP) is a planning tool used to provide a multi-year vision of the Village’s future capital needs. Capital projects are typically the largest expenditure in an annual budget which makes the CIP a critical tool for the Village’s budget discussions. By outlining future costs for capital projects, the Village is able to plan for funding and project phasing. The CIP includes fiscal year 2026/2027 projected projects along with projects anticipated to occur over the next 5 years through 2031. Each future project includes a cost estimate that is subject to change over time. The CIP provides the Village Board, Village staff and the residents with a plan for necessary future improvements and identifies areas where financing is needed to fund improvements. Staff Analysis Village staff has identified critical projects to ensure the Village's infrastructure is properly maintained. Many of these projects have previously been discussed with the Village Board. The projects listed within the CIP are from the following areas: Road Infrastructure Facility Improvements Water and Sanitation Commuter Parking Cary Lake at Rotary Park Central Cary Tax Increment Financing District (TIF #3) Additional Capital Projects The Village of Cary first reviewed the comprehensive CIP in February 2017. The CIP will continue to be a part of the annual budget process, and feedback will be important to ensure the CIP is kept current each year. No final decisions will be made at this meeting; however, feedback is desired on the fiscal year 2026/2027 projects to ensure staff can refine the project list for the budget workshop meeting on March 10, 2026.