Finance Committee — Aurora, IL
Date: 2022-07-14

City Hall - 2nd Floor Council
 City of Aurora Chambers
 44 East Downer Place
 Aurora, IL
 Finance Committee

 Agenda - Final - Revised Chairperson Carl Franco
 Vice Chair Sherman Jenkins
 Thursday Alderwoman Shweta Baid
 Alderman Edward J. Bugg
 July 14, 2022 Alderwoman Scheketa Hart-Burns

 3:00 PM


 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

 ROLL CALL

 APPROVAL OF MINUTES

22-0530 Approval of the minutes of the Finance Committee meeting held on June 30, 2022.

 PUBLIC COMMENT

 AGENDA

22-0538 An Ordinance designating the City of Aurora East River Bend Tax Increment
 Financing district redevelopment project area.

22-0539 An Ordinance approving the City of Aurora East River Bend Tax Increment District
 redevelopment project area redevelopment plan and project.

22-0541 An Ordinance adopting Tax Increment Financing for the City of Aurora East River
 Bend Tax Increment Financing District

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)

22-0440 A Resolution Approving a 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 exceed $65,000.00.

22-0467 A Resolution Updating Amusement Fees Charged by the City of Aurora.




City of Aurora Page 1 Printed on 7/13/2022
Finance Committee Agenda - Final - Revised July 14, 2022


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.

22-0533 A Resolution to execute “Amended Exhibit F” to the approved redevelopment
 agreement (R22-0223) with the Windfall Group LLC.

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.

22-0543 A Resolution authorizing a Finish Line Grant Agreement with Wyckwood House,
 LLC in the amount of $71,000.

22-0551 A Resolution authorizing the creation and funding of the Re-Start Retention Grant
 Program.

22-0553 Update on pay scale for Training Division Employees.

 CLOSED SESSION

 ADJOURNMENT

 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 2 Printed on 7/13/2022

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