Finance Committee

City Hall - 2nd Floor City of Aurora Council Chambers 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday July 14, 2022 3:00 PM Chairperson Carl Franco Vice Chair Sherman Jenkins Alderwoman Shweta Baid Alderman Edward J. Bugg Alderwoman Scheketa Hart-Burns Members of the public wishing to provide public comment for this meeting must be physically present at the meeting and registered to speak prior to the meeting being called to order. Please contact the Aldermen’s office at (630) 256-3020 with questions. CALL TO ORDER Chairperson Carl Franco called the meeting to order at 3:02 p.m. ROLL CALL Present: 5 - Chairperson Carl Franco, Vice Chair Sherman Jenkins, Alderwoman Shweta Baid, Alderman Edward Bugg and Alderwoman Scheketa Hart-Burns APPROVAL OF MINUTES 22-0530 Approval of the minutes of the Finance Committee meeting held on June 30, 2022. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that the minutes be accepted and filed. The motion carried. Ayes: 5 PUBLIC COMMENT None AGENDA City of Aurora Page 1 Finance Committee Meeting Minutes - Final July 14, 2022 22-0538 An Ordinance designating the City of Aurora East River Bend Tax Increment Financing district redevelopment project area. Presented by Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0539 An Ordinance approving the City of Aurora East River Bend Tax Increment District redevelopment project area redevelopment plan and project. Presented by Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0541 An Ordinance adopting Tax Increment Financing for the City of Aurora East River Bend Tax Increment Financing District Presented by Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0548 An Ordinance of the City of Aurora Approving Certain Minor Changes to the Eligibility Study and Report and to the Redevelopment Plan and Project for the East River Bend Tax Increment Financing District Pursuant to 65 ILCS 5/11-74.4-5(a) Presented by Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 2 Finance Committee Meeting Minutes - Final July 14, 2022 22-0440 A Resolution Payment Card Industry Data Security Standard (PCI DSS) compliance audit by Crowe LLP, 225 West Wacker Dr, Suite 2600, Chicago, Il 60606-1224 for total amount not to exceeding $65,000. 00. Presented by Leela Karumuri, IT; Jeff Anderson, IT; Alex Alexandrou, Mayor's Office; Chris Minick, Finance. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0467 A Resolution Updating Amusement Fees Charged by the City of Aurora . Presented by Charles Koch, MVPS Administration. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0531 A Resolution authorizing the creation of the Finish Line Grant Program to be administered by the City and accepting the transfer of funds previously paid to Invest Aurora for similar purposes. Presented by John Curley, Development Services; Elle Withall, Economic Development; David Dibo, Economic Development, via Zoom; Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0533 A Resolution authorizing an amendment to the approved redevelopment agreement (R22-0223) with the Windfall Group LLC regarding 309 N River Street. Presented by Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 3 Finance Committee Meeting Minutes - Final July 14, 2022 22-0536 A Resolution authorizing the acceptance of the assignment of a Finish Line Grant Agreement with Craft Urban, LLC in the amount of $100,000, from Invest Aurora. Presented by Elle Withall, Economic Development; Marty Lyons, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0543 A Resolution authorizing a Finish Line Grant Agreement with Wyckwood House, LLC in the amount of $71,000. Presented by Elle Withall, Economic Development. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0551 A Resolution authorizing the creation and funding of the Re-Start Retention Grant Program. Presented by Elle Withall, Economic Development; Alex Alexandrou, Mayor's Office; Marty Lyons, Economic Development; Chris Minick, Finance. A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair Jenkins, that this agenda item be recommended for approval. The motion carried. Ayes: 5 22-0553 Update on pay scale for Training Division Employees. This Reports/Studies was discussed and filed. CLOSED SESSION ADJOURNMENT A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this meeting be adjourned. The motion carried. Chairperson Carl Franco adjourned the meeting at 5:03 p.m. Ayes: 5 City of Aurora Page 4 Finance Committee Meeting Minutes - Final July 14, 2022 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 - https://www.aurora-il.org/985/City-Council-Agendas-Minutes Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the Aldermen'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 5