City of Aurora Finance Committee met June 16.
Here are the minutes provided by the committee:
CALL TO ORDER
Chairperson Carl Franco called the meeting to order at 4:01 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
22-0443 Approval of the minutes of the Finance Committee meeting held on May 26, 2022.
A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that the minutes be accepted and filed. The motion carried.
Ayes: 4
Abstain: 1
PUBLIC COMMENT
No speakers present.
AGENDA
22-0452 A Resolution authorizing a Project Management Professional Services agreement with Crowe LLP, 225 W Wacker Drive, Chicago, Illinois 60606 (“Crowe”) in an amount not to exceed $96,000.
Presented by Christine Trinidad, IT.
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
22-0447 A Resolution to approve the contract to remodel and add a gender-neutral bathroom from F.H. Paschen S.N. Nielson & Associates, LLC, in the amount of $299,686.68.
Presented by Fire Chief Dave McCabe, AFD.
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
22-0442 A Resolution approving the acceptance of a Huntington Foundation Grant, in the amount of $50,000, for the Aurora Financial Empowerment Center.
Presented by Ruth Ramos, Innovation Program Manager.
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
22-0468 A Resolution Authorizing the Execution of a Tri-Party Agreement Between the City of Aurora, SOA Lake, LLC, and SFI Properties Aurora, LLC to Share in the Cost of Installing a Public Sanitary Sewer Line to Induce Development for a Future Outlot Parcel Located at 970 N. Lake Street.
Presented by Trevor Dick, Economic Development; Alex Alexandrou, Mayor's Office; Chris Minick, Finance Dept.; Ken Schroth, Engineering.
A motion was made by Vice Chair Jenkins, seconded by Alderwoman Baid, that this agenda item be forwarded with no recommendation to the Committee of the Whole, on the agenda for 6/21/2022. The motion carried.
Ayes: 4
Abstain: 1
22-0484 A Resolution authorizing the second amendment to the second amended and restated lease between Holcim-Mamr, Inc., formerly known as Lafarge Aggregates Illinois, Inc. and the City of Aurora.
Presented by Ken Schroth Engineering.
A motion was made by Vice Chair Jenkins, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried.
Ayes: 5
22-0458 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, 2023.
Presented by Chris Minick, Finance Dept.
A motion was made by Vice Chair Jenkins, seconded by Alderwoman Hart-Burns, that this agenda item be recommended for approval. The motion carried.
Ayes: 5
22-0469 Public Hearing regarding the creation of the proposed East River Bend Tax Increment Finance District.
Presented by Trevor Dick, Economic Development.
This Information/Discussion Only item was discussed.
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 Franco adjourned the meeting at 4:55 p.m.
Ayes: 5
https://aurora-il.legistar.com/View.ashx?M=M&ID=954683&GUID=AE054F11-3DE0-4F52-BD58-5D0778D71BCC
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