Finance Committee — Aurora, IL
Date: 2022-01-13

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
 January 13, 2022 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

21-1055 Approval of the minutes of the Finance Committee meeting held on December 16,
 2021.

 PUBLIC COMMENT

 AGENDA

21-0762 A Resolution Authorizing the Execution of Two Development Agreements that
 Allows for the Conveyance of the Todd School (100 Oak Avenue) and the Lincoln
 School (631 South Lake Street) to Visionary Ventures NFP Corporation and Sets
 Forth Other Terms Regarding Redevelopment of These Shuttered Schools for
 Affordable Housing and a Public Health Facility; Approval of $2,900,000 of
 Federally Funded Home Investment Partnerships Funds (HOME) and $600,000 of
 Community Block Grant (CBDG) Funds to Support These Projects .

21-1021 A Resolution authorizing approval of Development Agreement HOME-2021-02
 and CDBG-2021-13 between the City of Aurora and Visionary Ventures to provide
 HOME Investment Partnerships (HOME) and Community Development Block
 Grant (CDBG) funding to develop the properties of 100 Oak Avenue and 631 S.
 Lake Street for the purpose of providing affordable housing and a public health
 facility in the amount of $2,900,000 in Home Investment Partnerships Program
 (HOME) funding and $600,000 in Community Development Block Grant (CDBG)
 funding.




City of Aurora Page 1 Printed on 1/11/2022
Finance Committee Agenda - Final January 13, 2022


21-1062 A Resolution approving ratification for emergency purchase of network
 infrastructure equipment purchase from, Sentinel Technologies, Inc, 2550
 Warrenville Road, Downers Grove, IL in the amount not to exceed $64,352.00 .

22-0010 A Resolution Authorizing the Chief Financial Officer to Release funds in the
 amount of $351,031.76 to Seize the Future Development Foundation (dba Invest
 Aurora) for Finish Line Grant Program funding commitments and authorizing a
 budget amendment to TIF 1 to Effectuate the Transfer.

22-0014 A Resolution Establishing Liquor License Fees related to Chapter 6, "Alcoholic
 Liquor" of the Code of Ordinances .

 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 1/11/2022

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


 Finance Committee
 Meeting Minutes - Final
 Thursday
 January 13, 2022
 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 Carl Franco called the meeting to order at 3:02 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

 21-1055 Approval of the minutes of the Finance Committee meeting held on
 December 16, 2021.
 A motion was made by Vice Chair Jenkins, seconded by Alderwoman
 Hart-Burns, that the minutes be accepted and filed. The motion carried.

 Ayes: 5


 PUBLIC COMMENT

 None,


 AGENDA




City of Aurora Page 1
Finance Committee Meeting Minutes - Final January 13, 2022



 21-0762 A Resolution Authorizing the Execution of Two Development Agreements
 that Allows for the Conveyance of the Todd School (100 Oak Avenue)
 and the Lincoln School (631 South Lake Street) to Visionary Ventures
 NFP Corporation and Sets Forth Other Terms Regarding
 Redevelopment of These Shuttered Schools for Affordable Housing and
 a Public Health Facility; Approval of $2,900,000 of Federally Funded
 Home Investment Partnerships Funds (HOME) and $600,000 of
 Community Block Grant (CBDG) Funds to Support These Projects .
 Presented by David Dibo, Economic Development; Alex Alexandrou, Mayor's Office;
 Shelly Tucciarelli, Visionary Ventures NFP Corporation; Chris Ragona, Community
 Development.

 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


 21-1021 A Resolution authorizing approval of Development Agreement
 HOME-2021-02 and CDBG-2021-13 between the City of Aurora and
 Visionary Ventures to provide HOME Investment Partnerships (HOME)
 and Community Development Block Grant (CDBG) funding to develop
 the properties of 100 Oak Avenue and 631 S. Lake Street for the
 purpose of providing affordable housing and a public health facility in the
 amount of $2,900,000 in Home Investment Partnerships Program
 (HOME) funding and $600,000 in Community Development Block Grant
 (CDBG) funding.
 Presented by Chris Ragona, Community Development.

 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


 21-1062 A Resolution approving ratification for emergency purchase of network
 infrastructure equipment purchase from, Sentinel Technologies, Inc, 2550
 Warrenville Road, Downers Grove, IL in the amount not to exceed
 $64,352.00.
 Presented by Mario Gil, IT; Mike Pegues, 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: 5




City of Aurora Page 2
Finance Committee Meeting Minutes - Final January 13, 2022



 22-0010 A Resolution Authorizing the Chief Financial Officer to Release funds in
 the amount of $351,031.76 to Seize the Future Development Foundation
 (dba Invest Aurora) for Finish Line Grant Program funding commitments
 and authorizing a budget amendment to TIF 1 to Effectuate the Transfer.
 Presented by Stacey Peterson, Finance; Alex Alexandrou, Mayor's Office.

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

 Ayes: 5


 22-0014 A Resolution Establishing Liquor License Fees related to Chapter 6,
 "Alcoholic Liquor" of the Code of Ordinances .
 Presented by Jennifer Stalling, City Clerk.

 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


 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 Carl
 Franco adjourned the meeting at 3:59 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.

 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