Finance Committee — Aurora, IL
Date: 2023-03-02

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
 March 02, 2023 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

23-0155 Approval of the minutes of the Finance Committee meeting held on February 16,
 2023.

 PUBLIC COMMENT

 AGENDA

23-0169 An Ordinance Reserving 2023 Volume Cap in connection with Private Activity
 Bond Issues, and Related Matters.

23-0178 An Ordinance Calling for a Public Hearing and a Joint Review Board Meeting to
 Consider the Designation of a Redevelopment Project Area and the Approval of a
 Redevelopment Plan and Project for the City of Aurora River Vine Tax Increment
 Financing District.

23-0108 A Resolution to award monies received for the Corridor Improvements Grant to
 Scientel Solutions LLC., 2021 N Eola Rd, Aurora, IL 60502 for an amount not to
 exceed $1,200,000.00.

23-0150 A Resolution authorizing the execution of a Phase II Engineering Agreement with
 Baxter and Woodman, Inc., maximum amount of $39,412.00 and appropriating
 Motor Fuel Tax Funds for Montgomery Road and Kautz Road Traffic Signal
 Installation project with MFT Section # 22-00353-00-TL.

23-0157 A Resolution to allow Aurora Public Art to apply for a Kane County Grand Victoria
 Riverboat Grant in an amount not to exceed $80,000.



City of Aurora Page 1 Printed on 2/28/2023
Finance Committee Agenda - Final March 2, 2023


23-0189 A Resolution authorizing approval of Development Agreement with Leilani Asian
 Fusion: Leilani Aurora Inc; Buona Italia: River Street Italian Inc; La Ville Lumiere:
 River Street Bistro Inc a majority owned affiliate of JH Real Estate Partners LLC
 (JH) for the purpose of facilitating the development of the vacant first floor (and
 basement for the Leilani RDA) for a full service (Asian Fusion/Italian/French)
 restaurants in the recently rehabilitated Hobbs and adjacent building together at
 2-12 south River Street in downtown Aurora.

23-0190 A Resolution authorizing approval of a Development Agreement with JH Real
 Estate Partners LLC for the rehabilitation of the building at 110 Cross (between
 River and Middle across from the Jimmy John’s) for conversion of the historic
 building into 15 market rate apartments and a brewery on the ground floor.

 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 2/28/2023

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


 Finance Committee
 Meeting Minutes - Final
 Thursday
 March 02, 2023
 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 Franco called the meeting to order at 3:08 p.m.


 ROLL CALL

 Present: 4 - Chairperson Carl Franco, Alderwoman Shweta Baid, Alderman Edward
 Bugg and Alderwoman Scheketa Hart-Burns
 Absent: 1 - Vice Chair Sherman Jenkins


 APPROVAL OF MINUTES

 23-0155 Approval of the minutes of the Finance Committee meeting held on
 February 16, 2023.
 A motion was made by Alderwoman Hart-Burns, seconded by Alderman Bugg,
 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 March 2, 2023



 23-0169 An Ordinance Reserving 2023 Volume Cap in connection with Private
 Activity Bond Issues, and Related Matters .
 Presented by Chris Minick, Finance Department.

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

 Ayes: 4


 23-0178 An Ordinance Calling for a Public Hearing and a Joint Review Board
 Meeting to Consider the Designation of a Redevelopment Project Area
 and the Approval of a Redevelopment Plan and Project for the City of
 Aurora River Vine Tax Increment Financing District .
 Presented by Alex Minnella, Economic Development.

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

 Ayes: 4


 23-0108 A Resolution to award monies received for the Corridor Improvements
 Grant to Scientel Solutions LLC., 2021 N Eola Rd, Aurora, IL 60502 for
 an amount not to exceed $1,200,000.00 .
 Presented by Lt. Joe Howe, Aurora Police Department; Tim Kopacz, IT.

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

 Ayes: 4


 23-0150 A Resolution authorizing the execution of a Phase II Engineering
 Agreement with Baxter and Woodman, Inc., maximum amount of
 $39,412.00 and appropriating Motor Fuel Tax Funds for Montgomery
 Road and Kautz Road Traffic Signal Installation project with MFT Section
 # 22-00353-00-TL.
 Presented by Roopa Anjanapa, Engineering.

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

 Ayes: 4


 23-0157 A Resolution to allow Aurora Public Art to apply for a Kane County Grand
 Victoria Riverboat Grant in an amount not to exceed $80,000 .
 Presented by Jen Evans, Aurora Public Art; Marty Shanahan, Community Services.

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


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


 Ayes: 4


 23-0189 A Resolution authorizing approval of Development Agreement with
 Leilani Asian Fusion: Leilani Aurora Inc; Buona Italia: River Street Italian
 Inc; La Ville Lumiere: River Street Bistro Inc a majority owned affiliate of
 JH Real Estate Partners LLC (JH) for the purpose of facilitating the
 development of the vacant first floor (and basement for the Leilani RDA)
 for a full service (Asian Fusion/Italian/French) restaurants in the recently
 rehabilitated Hobbs and adjacent building together at 2-12 south River
 Street in downtown Aurora .
 Presented by Alex Minnella, Economic Development; Elle Withall, Economic
 Development; Harish Ananthapadmanabhan, JH Real Estate Partners; Jay Punukollu,
 JH Real Estate Partners.

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

 Ayes: 4


 23-0190 A Resolution authorizing approval of a Development Agreement with JH
 Real Estate Partners LLC for the rehabilitation of the building at 110
 Cross (between River and Middle across from the Jimmy John’s) for
 conversion of the historic building into 15 market rate apartments and a
 brewery on the ground floor.
 Presented by Elle Withall, Economic Development; Harish Ananthapadmanabhan, JH
 Real Estate Partners; Alex Minnella, 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: 4


 CLOSED SESSION


 ADJOURNMENT

 A motion was made by Alderwoman Hart-Burns, seconded by Alderman Bugg,
 that this meeting be adjourned. The motion carried. Chairperson Franco
 adjourned the meeting at 4:00 p.m.

 Ayes: 4




City of Aurora Page 3
Finance Committee Meeting Minutes - Final March 2, 2023



 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 4