Finance Committee

City Hall - 2nd Floor City of Aurora Council Chambers 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday April 27, 2023 3:00 PM Chairperson Carl Franco 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 Franco called the meeting to order at 3:01pm. ROLL CALL A motion was made by Alderman Jenkins and seconded by Alderwoman Baid to authorize Alderwoman Hart-Burns to participate remotely in this Finance meeting per section 2-80 of the Code of Ordinances. The motion carried by voice vote and Alderwoman Hart-Burns participated in the meeting remotely via Zoom teleconference. Present: 4 - Chairperson Carl Franco, Alderwoman Shweta Baid, Alderman Edward Bugg and Alderwoman Scheketa Hart-Burns APPROVAL OF MINUTES 23-0303 Approval of the minutes of the Finance Committee meeting held on April 13, 2023. A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be accepted and filed. The motion carried. Ayes: 5 PUBLIC COMMENT AGENDA City of Aurora Page 1 Finance Committee Meeting Minutes - Final April 27, 2023 23-0329 An Ordinance providing for the issuance of not to exceed $35,000,000 General Obligation Bonds, Series 2023A, of the City of Aurora, Kane, DuPage, Kendall and Will Counties, Illinois, for the purpose of financing capital improvements in and for said City, providing for the levy of a direct annual tax sufficient to pay the principal of and interest on said bonds, and authorizing the proposed sale of said bonds to the purchaser thereof . Presented By: Chris Minick, CFO A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0345 An Ordinance Amending The Annual Budget For The Fiscal Year Beginning January 1, 2023 and Ending December 31, 2023 (Amendment #1 For The 2023 Fiscal Year). Presented by: Stacey Peterson, Budget A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0207 A Resolution Approving a Development Agreement By and Among the City of Aurora, Atlanta Land L.K.E. LLC, and US Foods, Inc. for the development of property located at 2810 Duke Parkway, Aurora, Illinois, 60502. Presented By: Alex Minnella, Economic Development A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid, that this agenda item be recommended for approval. The motion carried. Ayes: 4 Nayes: 1 23-0279 A Resolution to purchase three (3) E-ONE 1500 gallon per minute fire engines from Fire Service Inc. of St John Indiana for $2,965,947.00 . Presented By: Matt Anslow, Fire Department A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 2 Finance Committee Meeting Minutes - Final April 27, 2023 23-0296 A Resolution to award $265,666.00 of funds approved through 2023 Fiber CIP resolution R23-069 to NTI National Technologies, Downers Grove, IL, to provide fiber infrastructure the Fox Valley Habitat for Humanity Habitat Green Freedom and 1449 Senior Estates Subdivisions. Presented By: Mike Baker, IT A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0328 A Resolution to accept On-The-Go as the contractor for the City of Aurora Ride Solution for Seniors transportation program pilot which provides supplemental transportation services (in partnership with identified community organizations) for eligible seniors and individuals living with disabilities within the City of Aurora in the amount of $125,050.00. Presented By: Katrina Boatright, Community Services and Alex Alexandrou, Mayor's Office A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0330 A Resolution increasing the purchasing authority conferred to the Chief Financial Officer by resolution R20-249 to purchase an additional eighteen (18) body-worn cameras and related software and equipment for the Aurora Police Department by $151,372.52 . Presented By: Lt. Brian Wandell, APD A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0342 A Resolution Approving and Authorizing the Disbursement of the Finish Line and Re-start Grants . Presented By: Elle Withall, Economic Development and John Curley, Development Services A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that this agenda item be recommended for approval. The motion carried. Ayes: 5 City of Aurora Page 3 Finance Committee Meeting Minutes - Final April 27, 2023 23-0343 A Resolution Approving a $1,500,000 (One Million Five Hundred.00 dollars) Loan to Fox Valley Developers and Amending Certain Provisions of the Original Redevelopment Agreement (RDA) (R19-382, November 12, 2019) relating to the City’s share of TIF #14, (O20-071, October 13, 2020). Presented By: Dave Dibo, Economic Development A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid, that this agenda item be recommended for approval. The motion carried. Ayes: 5 23-0331 Introduce Announcement of the Availability of the Eligibility Study and Report, and the Redevelopment Plan and Project for the Proposed Cross Street TIF District. Presented By: Alex Minnella, Economic Development This Reports/Studies was (INFORMATION ONLY) 23-0333 Public hearing regarding the creation of the proposed River Vine TIF District. Presented By: Alex Minnella, Economic Development This Reports/Studies was (INFORMATION ONLY) CLOSED SESSION ADJOURNMENT A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that this meeting be adjourned. The motion carried. Chairperson Franco adjourned the meeting at 4:38pm. Ayes: 5 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 City of Aurora Page 4 Finance Committee Meeting Minutes - Final April 27, 2023 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