Niles Joint Review Board Meetings

FINANCE DEPARTMENT MAYOR TRUSTEES Andrew Przybylo George D. Alpogianis John C. Jekot VILLAGE Craig Niedermaier MANAGER Danette O’Donovan Matyas Steven C. Vinezeano Denise McCreery Dean Strzelecki VILLAGE CLERK Marlene J. Victorine Attachment H 2018 TIF Joint Review Board Village Hall Council Meeting Room 218 May 29, 2019 The meeting was called to order at 9:00 am Present at the meeting were: Ross Klicker, Economic Development Coordinator/Village of Niles Jeff Martynowicz, Finance Director/Village of Niles Greg Pritz, Assistant Director of Finance and Operations-Niles-Maine District Library Scot Neukirch, Finance Director/Niles Park District Don Gelfund, Niles Township Introduction Jeff Martynowicz gave an opening introduction. Motion to elect chairperson Greg Pritz made a motion to elect Jeff Martynowicz to serve as chairperson of the 2018 Joint Review Board meeting. Seconded by Scot Neukirch and all approved. Review 2017 Joint Review Board Minutes The minutes from the 2017 JRB meeting were up for approval. Motion was made and all concurred. Review 2018 Annual Comptroller’s Report Milwaukee-Touhy TIF 1000 Civic Center Drive Niles, IL 60714 Phone (847) 588-8000 Fax (847) 588-8050 WWW.VNILES.COM Jeff Martynowicz reviewed the annual performance of the Milwaukee-Touhy TIF Districts, referring to the Comptroller reports, related schedules and fund balances. Jeff stated that the Milwaukee-Touhy TIF reported an ending fund balance as of 4/30/2018 of ($721,756) after all designated projects are accounted for. Scot Neukirch asked about future property tax increment, purchase of properties and surplus distribution of $3.5 million from for building public facilities in the TIF. Jeff Martynowicz responded the Village Board is aware of the surplus distribution requirement and stated the surplus would be distributed by December 31,2019 along with any other surplus after the $3.5 million legal requirement. Motion to approve was made by John Gelfund, seconded by Greg Pritz and approved by voice vote. Gross Point-Touhy TIF Jeff Martynowicz reviewed the Gross Point-Touhy TIF. This TIF has a negative fund of ($68,748) balance because it is newer but funds will continue to grow with anticipated projects and the balance should show positive at the end of the TIFs life. Scot Neukirch asked about the Ehlers report regarding redevelopment of the TIF. Ross Klicker stated the report is conceptual in nature and the dollar values for redevelopment are not official. Motion to approve was made by Greg Pritz, seconded by Scot Neukirch and approved by voice vote. Other Business None Public Comment None Adjournment Motion was made to adjourned at 9:35 am and all concurred