Finance Committee — Aurora, IL
Date: 2024-01-25

Conference Room B, 5th Floor
 City of Aurora
 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
 January 25, 2024 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

24-0033 Approval of the minutes from the Finance Committee meeting held on January 11,
 2024.

 PUBLIC COMMENT

 AGENDA

24-0050 A Resolution Authorizing the Execution of a Memorandum of Reimbursement
 Between CyrusOne and the City of Aurora for the Property Located West of the
 Eola Interchange at 2725 Bilter Road, Aurora, 60502 for which CyrusOne is the
 Contract Buyer.

24-0046 An Ordinance providing for the issuance of not to exceed $58,000,000 Taxable
 General Obligation Bonds, Series 2024, of the City of Aurora, Kane, DuPage,
 Kendall and Will Counties, Illinois, for the purpose of financing certain casino
 redevelopment costs, providing for the levy of a direct annual tax sufficient to pay
 the principal of and interest on said bonds, providing for the pledge of certain
 incremental property taxes to the payment of said principal and interest, and
 authorizing the proposed sale of said bonds to the purchaser thereof


 CLOSED SESSION

 ADJOURNMENT




City of Aurora Page 1 Printed on 1/23/2024
Finance Committee Agenda - Final January 25, 2024


 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 Printed on 1/23/2024

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


 Finance Committee
 Meeting Minutes - Final
 Thursday
 January 25, 2024
 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

 Chairman Franco called the meeting to order at 3:00pm.


 ROLL CALL

 Present: 5 - Chairperson Carl Franco, Vice Chair Edward Bugg, Alderwoman Shweta
 Baid, Alderman Ron Woerman and Alderman Brandon Tolliver

 APPROVAL OF MINUTES

 24-0033 Approval of the minutes from the Finance Committee meeting held on
 January 11, 2024 .
 A motion was made by Alderman Woerman, seconded by Alderwoman Baid,
 that this agenda item be accepted and filed. The motion carried.

 Ayes: 5


 PUBLIC COMMENT


 AGENDA




City of Aurora Page 1
Finance Committee Meeting Minutes - Final January 25, 2024



 24-0050 A Resolution Authorizing the Execution of a Memorandum of
 Reimbursement Between CyrusOne and the City of Aurora for the
 Property Located West of the Eola Interchange at 2725 Bilter Road,
 Aurora, 60502 for which CyrusOne is the Contract Buyer .
 A motion was made by Alderwoman Baid, seconded by Alderman Woerman,
 that this agenda item be recommended for approval. The motion carried.

 Ayes: 5


 24-0046 An Ordinance providing for the issuance of not to exceed $58,000,000
 Taxable General Obligation Bonds, Series 2024, of the City of Aurora,
 Kane, DuPage, Kendall and Will Counties, Illinois, for the purpose of
 financing certain casino redevelopment costs, providing for the levy of
 a direct annual tax sufficient to pay the principal of and interest on said
 bonds, providing for the pledge of certain incremental property taxes to
 the payment of said principal and interest, and authorizing the
 proposed sale of said bonds to the purchaser thereof

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

 Ayes: 5


 CLOSED SESSION


 ADJOURNMENT

 A motion was made by Alderwoman Baid, seconded by Alderman Woerman,
 that this meeting be adjourned. The motion carried. Chairman Franco
 adjourned the meeting at 3:24pm.

 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




City of Aurora Page 2
Finance Committee Meeting Minutes - Final January 25, 2024



 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 3