Finance Committee — Aurora, IL
Date: 2023-10-12

City Hall-5th Floor Conference
 City of Aurora Room
 44 East Downer Place
 Aurora, IL
 Finance Committee

 Agenda - Final Chairperson Carl Franco
 Vice Chair Edward J. Bugg
 Thursday Alderwoman Shweta Baid
 Alderman Ron Woerman
 October 12, 2023 Alderman Brandon Tolliver

 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

23-0794 Approval of the minutes of the Finance Committee meeting held on September 29,
 2023.

 PUBLIC COMMENT

 AGENDA

23-0796 An Ordinance Terminating the Designation of the River City Tax Increment
 Financing Redevelopment Project Area and Dissolving the River City Special Tax
 Increment Allocation Fund.

23-0784 A Resolution authorizing the city to accept a grant award of $487,000 from the
 Illinois Housing Development Authority (IHDA)-Strong Communities Program
 Round 2 for the maintenance and demolition of abandoned and blighted
 residential properties.

23-0809 A Resolution Authorizing an Intergovernmental Agreement between the City of
 Aurora and Batavia Public School District No. 101 concerning tax increment
 financing districts in the vicinity of Farnsworth Avenue and Bilter Road.

23-0805 2022 Audit Reports

23-0813 Information Only - Overview Discussion of 2024 Budget.

 Staff will present a brief overview of the 2024 draft budget

 CLOSED SESSION

City of Aurora Page 1 Printed on 10/12/2023
Finance Committee Agenda - Final October 12, 2023


 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 10/12/2023

City Hall-5th Floor
 City of Aurora Conference Room
 44 East Downer Place
 Aurora, IL


 Finance Committee
 Meeting Minutes - Final
 Thursday
 October 12, 2023
 3:00 PM
 Chairperson Carl Franco
 Vice Chair Edward J. Bugg
 Alderwoman Shweta Baid
 Alderman Ron Woerman
 Alderman Brandon Tolliver


 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: 4 - Chairperson Carl Franco, Vice Chair Edward Bugg, Alderwoman Shweta
 Baid and Alderman Ron Woerman
 Absent: 1 - Alderman Brandon Tolliver


 APPROVAL OF MINUTES

 23-0794 Approval of the minutes of the Finance Committee meeting held on
 September 28, 2023.
 A motion was made by Alderman Woerman, seconded by Alderwoman Baid,
 that the minutes be accepted and filed. The motion carried.

 Ayes: 4


 PUBLIC COMMENT

 No registered speakers


 AGENDA




City of Aurora Page 1
Finance Committee Meeting Minutes - Final October 12, 2023



 23-0796 An Ordinance Terminating the Designation of the River City Tax
 Increment Financing Redevelopment Project Area and Dissolving the
 River City Special Tax Increment Allocation Fund.

 Presented by Chris Minick, Finance Department.

 A motion was made by Alderman Woerman, seconded by Alderwoman Baid,
 that this agenda item be recommended for approval. The motion carried.

 Ayes: 4


 23-0784 A Resolution authorizing the city to accept a grant award of $487,000
 from the Illinois Housing Development Authority (IHDA)-Strong
 Communities Program Round 2 for the maintenance and demolition of
 abandoned and blighted residential properties .
 Presented by Ruthy Harris, Property Standards.

 A motion was made by Alderwoman Baid, seconded by Alderman Woerman,
 that this agenda item be recommended for approval. The motion carried.

 Ayes: 4


 23-0809 A Resolution Authorizing an Intergovernmental Agreement between
 the City of Aurora and Batavia Public School District No. 101
 concerning tax increment financing districts in the vicinity of
 Farnsworth Avenue and Bilter Road.
 Presented by Trevor Dick, Economic Development.

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

 Ayes: 4


 23-0805 Acceptance of the 2022 Annual Financial Reports for the City, TIF
 funds, and Single Audit and GATA Reports.
 Presented by Linda Read, Accounting and Jim Savio, Sikich.

 This Reports/Studies was discussed.


 23-0813 Information Only - Overview Discussion of 2024 Budget.

 Presented by Chris Minich, Finance.

 This Information/Discussion Only was discussed.


 CLOSED SESSION




City of Aurora Page 2
Finance Committee Meeting Minutes - Final October 12, 2023



 ADJOURNMENT

 A motion was made by Alderwoman Baid, seconded by Vice Chair Bugg, that
 this meeting be adjourned. The motion carried. Chairman Franco adjourned the
 meeting at 4:01 p.m.

 Ayes: 4


 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 3