Finance Committee — Aurora, IL
Date: 2025-08-14

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

 Agenda - Final Chairperson Ted Mesiacos
 Vice Chair Carl Franco
 Thursday Alderman Dan Barreiro
 Alderman-at-Large Keith Larson
 August 14, 2025 Alderman Edward J. Bugg

 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

25-0601 Approval of the minutes from the Finance Committee Meeting held on July 24,
 2025.

 PUBLIC COMMENT

 AGENDA

25-0588 An Ordinance authorizing a 100% principal forgiveness Loan Agreement (Public
 Water Supply Loan Program - Home Rule Entity) for the Lead Service Line
 Replacement Project.

25-0620 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, 2026.

 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.



City of Aurora Page 1 Printed on 8/12/2025
Finance Committee Agenda - Final August 14, 2025


 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 8/12/2025

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


 Finance Committee
 Meeting Minutes - Final
 Thursday
 August 14, 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

 25-0601 Approval of the minutes from the Finance Committee Meeting held on
 July 24, 2025.
 A motion was made by Vice Chair Franco, seconded by Alderman Barreiro,
 that this agenda item be accepted and filed. The motion carried.

 Ayes: 5


 PUBLIC COMMENT


 AGENDA

 25-0588 An Ordinance authorizing a 100% principal forgiveness Loan Agreement
 (Public Water Supply Loan Program - Home Rule Entity) for the Lead
 Service Line Replacement Project .
 A motion was made by Vice Chair Franco, seconded by Alderman Barreiro,
 that this agenda item be recommended for approval. The motion carried.



City of Aurora Page 1
Finance Committee Meeting Minutes - Final August 14, 2025


 Ayes: 5


 25-0620 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, 2026 .
 A motion was made by Vice Chair Franco, seconded by Alderman Barreiro,
 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 3:16pm.

 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

 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