Finance Committee

Finance Committee City of Aurora Meeting Remote Access 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday September 24, 2020 3:00 PM Chairperson Bob O'Connor Vice Chair Edward Bugg Alderman Carl Franco Alderman Scheketa Hart-Burns Alderman Emmanuel Llamas THIS COMMITTEE MEETING WILL BE VIEWABLE VIA REMOTE ACCESS ONLINE AT: www.aurora-IL.org or www.facebook.org/cityofauroraIL TO JOIN THIS MEETING FOR PURPOSES OF PUBLIC COMMENT VIA TELEPHONE: Phone Number: +1 312-626-6799 Meeting ID: 810 5887 0540 THOSE WISHING TO PROVIDE PUBLIC COMMENT MUST PRE-REGISTER WITH THE AGENDA CLERK NO LATER THAN 1:00 PM ON SEPTEMBER 24, 2020 - VIA EMAIL: aldermensoffice@aurora-il.org OR VOICEMAIL AT 630-256-3020. SPEAKERS MUST PROVIDE THEIR NAME, TELEPHONE NUMBER FROM WHICH THE MEETING WILL BE ACCESSED AND THE TOPIC OF THEIR COMMENT. THE PUBLIC IS ADVISED THAT ALL TELEPHONE NUMBER AND PARTICIPANT NAMES MAY BE VISIBLE TO THE PUBLIC. CALL TO ORDER: Chairman O'Connor called the meeting to order at 3:00 PM. OTHERS PRESENT Eddie & Judy Ni, Dave Dorgan, Jerome Toppemdorf City of Aurora: Dave Dibo, Economic Development; Alex Alexandrou, Mayor's Office; Marissa Spencer, Legal Dept.; Martin Lyons, Finance Dept.; Alex Minella, Economic Development; Jolene Coulter, Purchasing; Jessica Price, Purchasing; Connie Krug, Aldermen's Office ROLL CALL Present: 5 - Chairperson Bob O'Connor, Vice Chair Edward Bugg, Alderman Carl Franco, Alderman Scheketa Hart-Burns and Alderman Emmanuel Llamas City of Aurora Page 1 Finance Committee Meeting Minutes - Final September 24, 2020 APPROVAL OF MINUTES 20-0571 Approval of the minutes of the 9-10-2020 Finance Committee meeting. . A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be accepted and filed. The motion carried. Ayes: 4 Abstain: 1 PUBLIC COMMENT There were no registered speakers for this meeting. AGENDA 20-0582 An Ordinance Designating the City of Aurora Lake and Galena Tax Increment Financing District Redevelopment Project Area . A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0585 An Ordinance Approving the City of Aurora Lake and Galena Tax Increment Financing District, Redevelopment Project Area Redevelopment Plan and Project . A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0586 An Ordinance Adopting Tax Increment Financing the City of Aurora Lake and Galena Tax Increment Financing District . A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0588 An Ordinance Designating the City of Aurora Lincoln and Weston Tax Increment Financing District Redevelopment Project Area . A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 2 Finance Committee Meeting Minutes - Final September 24, 2020 20-0590 An Ordinance Approving the City of Aurora Lincoln and Weston Tax Increment Financing District Redevelopment Project Area Redevelopment Plan and Project . A motion was made by Alderman Franco, seconded by Alderman Hart-Burns, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0591 An Ordinance Adopting Tax Increment Financing for the City of Aurora Lincoln and Weston Tax Increment Financing District . A motion was made by Alderman Llamas, seconded by Vice Chair Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0597 An Ordinance authorizing the amendment of a sales tax reimbursement agreement with Pacific Square DE, LLC. A motion was made by Alderman Hart-Burns, seconded by Vice Chair Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 20-0598 Matters related to the formation and making of a recommendation as to fixing of compensation of elected officials pursuant to the Local Government Officer Compensation Act. A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that this agenda item be held. The motion carried. Ayes: 5 CLOSED SESSION ADJOURNMENT: A motion was made by Alderman Hart-Burns, seconded by Alderman Franco, that the meeting be adjourned. Chairman O'Connor adjourned the meeting at 4:02 PM. The motion carried Ayes: 5 City of Aurora Page 3 Finance Committee Meeting Minutes - Final September 24, 2020 THIS MEETING AGENDA SHALL ALSO SERVE AS NOTICE THAT A MAJORITY OF A QUORUM OF THE CITY COUNCIL OF THE CITY OF AURORA, ILLINOIS MAY ATTEND OR PARTICIPATE IN THIS COMMITTEE MEETING. NO OFFICIAL ACTION OF THE CITY COUNCIL SHALL OCCUR AT THIS COMMITTEE MEETING. MINUTES OF THE COMMITTEE MEETING SHALL CONSTITUTE THE OFFICIAL RECORD OF THE COMMITTEE MEETING AND ANY MEETING OF THE MAJORITY OF THE QUORUM OF THE CITY COUNCIL OCCURRING AT THE SAME TIME AND LOCATION. VISIT OUR WEB SITE FOR CURRENT AGENDAS - http://aurora-il.org/legistar.php [ For agendas prior to August 1, 2013, please visit http://aurora-il.org/agendasearch.php ] Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the Alderman's Office at least 48 hours in advance of the scheduled meeting. The Aldermen's Office can be reached in person at 60 E. Downer Place, Aurora Illinois, via telephone at 630-256-3020 )or email at aldermensoffice@aurora-il.org. Every effort will be made to allow for meeting participation. City of Aurora Page 4