Finance Committee

Finance Committee Meeting Council Chambers February 20, 2013 8:00 a.m. Attendance: Committee Members Present: Chairman Joe LoVerde, Mayor Robert Callero, Acting Village Manager Steve Vinezeano, John Johann and Finance Director Scot Neukirch Committee Members Absent: None Non Committee Members Present: Village Attorney Joe Annunzio, Economic Dev Coordinator Ross Klicker, Community Development Director Chuck Ostman and the attorney for Imbibe Alan Skidelsky. Call To Order: Meeting opened at 8:00 a.m. Approval of Minutes: The minutes from the January 22, 2013 Finance Committee meeting were up for approval, motion made and all concurred. Accounts Payable Approval: The approval of the Accounts Payable registers for 1/18/2013, 1/25/2013, 2/1/2013, and 2/8/2013 were up for approval, motion made and all concurred. New Business 6B Application Procedures: Economic Development Coordinator Ross Klicker and Community Development Director Chuck Ostman presented the 6B incentive application guidelines and procedures developed by their department. Chairman LoVerde complimented staff on information provided. Loverde confirmed that the Finance Committee is only an advisory committee to the Village Board. The Committee members asked the staff questions concerning the application and procedures. Klicker confirmed that all applications will come to the Finance Committee and Village Board whether the staff feels the application has merit or not. John Johann made some recommendations to make the procedure and guidelines a little clearer. Staff was also directed to monitor the status of the triennial assessment application process that each property receiving a 6B must complete with the County. Klicker confirmed that staff will be monitoring all existing 6B properties moving forward. A motion was made and all concurred to recommend the 6B application guidelines and procedures be accepted by the Village Board with the changes expressed to staff by the Committee. Imbibe 6B Application: Economic Development Coordinator Ross Klicker and Community Development Director Chuck Ostman presented the 6B incentive application for Imbibe at 7350 Croname. Klicker explained that staff feels the request has merit. Imbibe will be investing $2.5 million for improvements to the property. The business will employ 35 to 80 employees within 5 years. Klicker explained that there is no way to enforce the Village’s request that a property receiving a 6B incentive not appeal their property assessment with the County. There is no need for additional Village infrastructure improvements when Imbibe occupies the property. The attorney for Imbibe answered questions from the Committee and explained that Imbibe is a thriving business and will be an asset to the Village. A motion was made and all concurred that the Committee recommends that the Village Board approve Imbibe’s 6B incentive request. Illinois Debt Recovery Update: Finance Director Neukirch gave an update on staff’s progress with the Illinois Debt Recovery Program. To date staff has submitted over $1.3 million in delinquent fines due the Village to this State program. The State has withheld just under $15,000 of the total available funds for the Village of Niles. There is a 60 day appeal period before the Village will actually receive any of the money. The Committee was pleased to hear that staff is starting to collect revenue through the program. Other Business: John Johann requested Village Attorney Annunzio provide an update on the Glenview litigation status. Annunzio explained there was nothing new to report until the upcoming hearing in March is completed. Chairman LoVerde requested that staff prepare a list of budget requests made by trustees during the FY 2014 budget process. Neukirch explained that he will provide that information to the Committee with their budget information for the next Committee meeting. Mayor Callero asked Neukirch to give a brief explanation of the budget process to date. Neukirch explained the steps the process has gone through to this point and how the document has been expanded to include over 75 additional pages of information to help make the document more transparent. Acting Village Manager Vinezeano explained that he is very pleased with the progress to date with the budget and the improvements that have been made to the document. Public Comments: None Executive Session: None Adjournment: Motion to adjourn was made and all concurred at 8:45 am. Next Meeting The next Finance Committee meeting is scheduled for Wednesday March 1, 2013 at 8:00 a.m. in the Council Chambers. Prepared by Scot Neukirch on 2/21/2013