Finance Committee — Aurora, IL
Date: 2025-07-10

City Hall - Second Floor
 City of Aurora Council Chambers
 44 East Downer Place
 Aurora, IL
 Finance Committee
 Chairperson Ted Mesiacos
 Agenda - Final Vice Chair Carl Franco
 Alderman Dan Barreiro
 Thursday Alderman-at-Large Keith Larson
 Alderman Edward J. Bugg
 July 10, 2025
 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.
 CALL TO ORDER

 ROLL CALL

 APPROVAL OF MINUTES

25-0515 Approval of the minutes from the Finance Committee Meeting held on June 12,
 2025.

 PUBLIC COMMENT

 AGENDA

25-0554 An Ordinance Amending the Ward 6 Budget for Fiscal Year 2025.

25-0519 An Ordinance Enacting a Municipal Grocery Retailers' Occupation Tax and
 Municipal Grocery Service Occupation Tax .

25-0543 An Ordinance authorizing the issuance and sale of Adjustable Rate Demand
 Economic Development Revenue Bonds, Aurora University, in one or more
 series, of the City of Aurora, Kane, DuPage, Will and Kendall Counties, Illinois,
 in an aggregate principal amount not to exceed $16,000,000, and confirming
 the sale thereof; authorizing the execution and delivery of a Loan Agreement,
 Trust Indenture, Bond Purchase Agreement and related documents; authorizing
 the distribution of an Official Statement; approving the delivery of a Letter of
 Credit, a Reimbursement Agreement and a Remarketing Agreement; and
 authorizing certain related matters.

25-0552 An Ordinance amending Article 44 Section 191 of the Municipal Code, "Hotel
 Occupancy Tax."




City of Aurora Page 1 Printed on 7/8/2025
Finance Committee Agenda - Final July 10, 2025


25-0485 A Resolution Authorizing Execution of Labor Agreement between the City of
 Aurora and the Aurora Supervisors Association (ASA) from January 1, 2026 ,
 through December 31, 2028 .

25-0564 A Resolution authorizing the purchase of Cornerstone's OnDemand Public
 Sector eLearning Subscription in the amount of $106,658.60 from August 15,
 2025, to August 15, 2028 .

 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.us. Every effort will be made
 to allow for meeting participation.




City of Aurora Page 2 Printed on 7/8/2025

City Hall - Second Floor
 City of Aurora Council Chambers
 44 East Downer Place
 Aurora, IL


 Finance Committee
 Meeting Minutes - Final
 Thursday
 July 10, 2025
 3:00 PM
 Chairperson Ted Mesiacos
 Vice Chair Carl Franco
 Alderman Dan Barreiro
 Alderman-at-Large Keith Larson
 Alderman Edward J. Bugg


 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.

 CALL TO ORDER

 Chairman Mesiacos called the meeting to order at 3:01pm.


 ROLL CALL

 Present: 5 - Chairperson Ted Mesiacos, Vice Chair Carl Franco, Alderman Dan Barreiro,
 Alderman-At-Large Keith Larson and Alderman Edward Bugg

 APPROVAL OF MINUTES

 25-0515 Approval of the minutes from the Finance Committee Meeting held on
 June 12, 2025.
 A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that
 this agenda item be accepted and filed. The motion carried.

 Ayes: 5


 PUBLIC COMMENT


 AGENDA

 25-0554 An Ordinance Amending the Ward 6 Budget for Fiscal Year 2025.

 Alderman Michael Saville, Ward 6

 A motion was made by Vice Chair Franco, seconded by Alderman-At-Large
 Larson, that this agenda item be recommended for approval. The motion
 carried.

City of Aurora Page 1
Finance Committee Meeting Minutes - Final July 10, 2025


 Ayes: 5


 25-0543 An Ordinance authorizing the issuance and sale of Adjustable Rate
 Demand Economic Development Revenue Bonds, Aurora University, in
 one or more series, of the City of Aurora, Kane, DuPage, Will and
 Kendall Counties, Illinois, in an aggregate principal amount not to exceed
 $16,000,000, and confirming the sale thereof; authorizing the execution
 and delivery of a Loan Agreement, Trust Indenture, Bond Purchase
 Agreement and related documents; authorizing the distribution of an
 Official Statement; approving the delivery of a Letter of Credit, a
 Reimbursement Agreement and a Remarketing Agreement; and
 authorizing certain related matters.
 Chris Minick, COA-Finance
 Sharon Maxwell, Aurora University

 A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that
 this agenda item be recommended for approval. The motion carried.

 Ayes: 5


 25-0519 An Ordinance Enacting a Municipal Grocery Retailers' Occupation Tax
 and Municipal Grocery Service Occupation Tax .
 Stacey Peterson, COA-Budget
 Chris Minick, COA-Finance

 A motion was made by Vice Chair Franco, seconded by Alderman Barreiro,
 that this agenda item be recommended for approval. The motion carried.

 Ayes: 4

 Nayes: 1


 25-0552 An Ordinance amending Article 44 Section 191 of the Municipal Code,
 "Hotel Occupancy Tax."


 Chris Minick, COA-Finance

 A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that
 this agenda item be recommended for approval. The motion carried.

 Ayes: 4

 Nayes: 1




City of Aurora Page 2
Finance Committee Meeting Minutes - Final July 10, 2025



 25-0485 A Resolution Authorizing Execution of Labor Agreement between the City
 of Aurora and the Aurora Supervisors Association (ASA) from January 1,
 2026, through December 31, 2028 .
 Alisia Lewis, COA-Human Resources

 A motion was made by Vice Chair Franco, seconded by Alderman-At-Large
 Larson, that this agenda item be recommended for approval. The motion
 carried.

 Ayes: 5


 25-0564 A Resolution authorizing the purchase of Cornerstone's OnDemand
 Public Sector eLearning Subscription in the amount of $106,658.60 from
 August 15, 2025, to August 15, 2028 .
 Alisia Lewis, COA-Human Resources

 A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that
 this agenda item be recommended for approval. The motion carried.

 Ayes: 5


 CLOSED SESSION


 ADJOURNMENT

 A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that
 this meeting be adjourned. The motion carried. Chairman Mesiacos adjourned
 the meeting at 3:57pm.

 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 3
Finance Committee Meeting Minutes - Final July 10, 2025



 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.us. Every effort will be made to allow for meeting
 participation.




City of Aurora Page 4