z - Retired - Finance Committee

draft Finance Committee Meeting Minutes - Oct 12 , 2017 Westmont Village Hall Call to Order: 4:02 pm - Mayor Gunter Pledge of Allegiance Roll Call: Committee Staff Trustee Guzzo (Chair) (4:06) Finance Director Parker Trustee Liddle Community Development Director Ziegler (4:22) Trustee Addington(4:09) Deputy Fire Chief Riley (4:22) Trustee Barker Municipal Services Office Supervisor Brendle (4:22) Mayor Gunter Police Chief Gunther (4:09) Clerk Szymski Manager May Visitors None Minutes approved: A mo on to approve the minutes from Aug 31, 2017 was made by Mayor Gunter and seconded by Trustee Liddle, all ayes. UNFINISHED BUSINESS: Director Parker reviewed the following topics: 2017 PROPERTY TAX LEVY Director Parker presented the meline for the Levy. The meline starts October 12, 2017 and ends December 26, 2017. Director Parker also presented a proposed aggregate Levy summary dra . This topic will be revisited on November 9, 2017 at the next Finance Commi ee mee ng. The actual EAV numbers will be available in March 2018. Taxes may be reduced (not increased) in March 2018 by a Special Mee ng. PUBLIC WORKS FACILITY The agreement for the design of the Public Works Facility was approved at the last Board Mee ng, and the purchase order for the design is part of the consent agenda for our Board mee ng this evening. While the design is in its infancy stage right now, Public Works Director Ramsey has a mee ng with the design firm. He will be giving a further update at the next Public Works Commi ee Mee ng on November 9, 2017. PLACES FOR EATING TAX All of the liquor license holders who were part of our targeted outreach are in full compliance. As of the last mee ng, four businesses without liquor licenses were not in compliance and received le ers from the a orney. All have responded. One simply has to turn in a signed form indica ng the tax does not apply to them, as they do not have sea ng on the premises. One business had been inadvertently paying the extra money to the State, but is now paying the Village. Two, owned by the same company, are in the process of submi ng their forms. They will be charged interest because of how long it has taken to resolve the issue. Since the targeted outreach, we have had a couple of businesses that had been paying the tax begin missing payments. We are reaching out to them individually. We have iden fied an ongoing escala on which will be used going forward so we do not run into large issues in the future. STORMWATER BONDS We closed on Stormwater Bonds, receiving about $7.2 million. We have applied them towards projects and currently have $6.1 million remaining for the previously iden fied projects. NEW BUSINESS: Manager May presented the topic of PACE (Property Assessed Clean Energy), a na onal program here in Illinois. It authorizes local municipali es to enter a local agreement for energy improvements for private development. It is an Economic Development Incen ve tool and has tax credit possibili es. We are being approached by developers about this. We are looking into this further, case by case. REPORTS: Trustee Guzzo reported that we are star ng to look at the 2018-2019 Budget. Mayor Gunter stated, and it was confirmed by the commi ee members present, that consensus of the commi ee is to not use reserve money to fund the public works facility. The next Finance mee ng is November 9, 2017. Adjourn: 4:34 pm, a mo on to adjourn was made by Trustee Addington, seconded by Trustee Liddle, all approved with all ayes.