Finance Committee — Aurora, IL
Date: 2022-06-16

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

 Agenda - Final Chairperson Carl Franco
 Vice Chair Sherman Jenkins
 Thursday Alderwoman Shweta Baid
 Alderman Edward J. Bugg
 June 16, 2022 Alderwoman Scheketa Hart-Burns

 4:00 PM

 Please note 4:00 p.m. start time for this meeting only.


 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

22-0443 Approval of the minutes of the Finance Committee meeting held on May 26, 2022.

 PUBLIC COMMENT

 AGENDA

22-0442 A Resolution approving the acceptance of a Huntington Foundation Grant, in the
 amount of $50,000, for the Aurora Financial Empowerment Center.

22-0447 A Resolution to approve the contract to remodel and add a gender-neutral
 bathroom from P.H. Paschen S.N. Nielson & Associates, LLC, in the amount of
 $299,686.68.

22-0452 A Resolution authorizing a Project Management Professional Services agreement
 with Crowe LLP, 225 W Wacker Drive, Chicago, Illinois 60606 (“Crowe”) in an
 amount not to exceed $96,000.

22-0468 A Resolution Authorizing the Execution of a Tri-Party Agreement Between the City
 of Aurora, SOA Lake, LLC, and SFI Properties Aurora, LLC to Share in the Cost
 of Installing a Public Sanitary Sewer Line to Induce Development for a Future
 Outlot Parcel Located at 970 N. Lake Street.

22-0484 A Resolution authorizing the second amendment to the second amended and
 restated lease between Holcim-Mamr, Inc., formerly known as Lafarge Aggregates
 Illinois, Inc. and the City of Aurora.


City of Aurora Page 1 Printed on 6/14/2022
Finance Committee Agenda - Final June 16, 2022


22-0458 A Resolution authorizing the renewal of the Line of Credit (LOC) in the amount of
 $10 million with Old Second National Bank for a one-year term expiring on June
 30, 2023.

22-0469 Public Hearing regarding the creation of the proposed East River Bend Tax
 Increment Finance District.

 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 6/14/2022

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


 Finance Committee
 Meeting Minutes - Final
 Thursday
 June 16, 2022
 4:00 PM
 Chairperson Carl Franco
 Vice Chair Sherman Jenkins
 Alderwoman Shweta Baid
 Alderman Edward J. Bugg
 Alderwoman Scheketa Hart-Burns

 Please note 4:00 p.m. start time for this meeting only.


 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 4:01 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

 22-0443 Approval of the minutes of the Finance Committee meeting held on May
 26, 2022.
 A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that
 the minutes be accepted and filed. The motion carried.

 Ayes: 4

 Abstain: 1


 PUBLIC COMMENT

 No speakers present.


 AGENDA




City of Aurora Page 1
Finance Committee Meeting Minutes - Final June 16, 2022



 22-0452 A Resolution authorizing a Project Management Professional Services
 agreement with Crowe LLP, 225 W Wacker Drive, Chicago, Illinois
 60606 (“Crowe”) in an amount not to exceed $96,000.
 Presented by Christine Trinidad, IT.

 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


 22-0447 A Resolution to approve the contract to remodel and add a
 gender-neutral bathroom from F.H. Paschen S.N. Nielson & Associates,
 LLC, in the amount of $299,686.68 .
 Presented by Fire Chief Dave McCabe, AFD.

 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


 22-0442 A Resolution approving the acceptance of a Huntington Foundation
 Grant, in the amount of $50,000, for the Aurora Financial Empowerment
 Center.
 Presented by Ruth Ramos, Innovation Program Manager.

 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


 22-0468 A Resolution Authorizing the Execution of a Tri-Party Agreement
 Between the City of Aurora, SOA Lake, LLC, and SFI Properties Aurora,
 LLC to Share in the Cost of Installing a Public Sanitary Sewer Line to
 Induce Development for a Future Outlot Parcel Located at 970 N. Lake
 Street.
 Presented by Trevor Dick, Economic Development; Alex Alexandrou, Mayor's Office;
 Chris Minick, Finance Dept.; Ken Schroth, Engineering.

 A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid,
 that this agenda item be forwarded with no recommendation to the Committee
 of the Whole, on the agenda for 6/21/2022. The motion carried.

 Ayes: 4

 Abstain: 1




City of Aurora Page 2
Finance Committee Meeting Minutes - Final June 16, 2022



 22-0484 A Resolution authorizing the second amendment to the second amended
 and restated lease between Holcim-Mamr, Inc., formerly known as
 Lafarge Aggregates Illinois, Inc. and the City of Aurora .
 Presented by Ken Schroth Engineering.

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

 Ayes: 5


 22-0458 A Resolution authorizing the renewal of the Line of Credit (LOC) in the
 amount of $10 million with Old Second National Bank for a one-year term
 expiring on June 30, 2023.
 Presented by Chris Minick, Finance Dept.

 A motion was made by Vice Chair Jenkins, seconded by Alderwoman
 Hart-Burns, that this agenda item be recommended for approval. The motion
 carried.

 Ayes: 5


 22-0469 Public Hearing regarding the creation of the proposed East River Bend
 Tax Increment Finance District.
 Presented by Trevor Dick, Economic Development.

 This Information/Discussion Only item was discussed.


 CLOSED SESSION


 ADJOURNMENT

 A motion was made by Alderwoman Hart-Burns, seconded by Vice Chair
 Jenkins, that this meeting be adjourned. The motion carried. Chairperson
 Franco adjourned the meeting at 4:55 p.m.

 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.




City of Aurora Page 3
Finance Committee Meeting Minutes - Final June 16, 2022


 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 4