City of Aurora Finance Committee met July 13.
Here are the minutes provided by the committee:
CALL TO ORDER
Chairman Franco called the meeting to order at 3:04 p.m.
ROLL CALL
Present: 4 - Chairperson Carl Franco, Vice Chair Edward Bugg, Alderwoman Shweta Baid and Alderman Ron Woerman
APPROVAL OF MINUTES
23-0485 Approval of the minutes of the Finance Committee meeting held on June 15, 2023.
A motion was made by Alderman Woerman, seconded by Alderwoman Baid, that the minutes be accepted and filed. The motion carried.
Ayes: 4
23-0517 Approval of the minutes of the Finance Committee meeting held on June 29, 2023.
A motion was made by Alderman Woerman, seconded by Alderwoman Baid, that the minutes be accepted and filed. The motion carried.
Ayes: 3
Nayes: 1
PUBLIC COMMENT
Kim Woodin, La Quinta; Rebekah Axtell, La Quinta; Gil Rios, La Quinta
AGENDA
23-0486 A Resolution Authorizing Execution of a First Amended Agreement for Provision of Services at the City of Aurora’s Financial Empowerment Center with The Neighbor Project (TNP).
Presented by Marty Shanahan, Community Services.
A motion was made by Alderwoman Baid, seconded by Alderman Woerman, that this agenda item be recommended for approval. The motion carried.
Ayes: 4
23-0519 A Resolution authorizing the city to accept a grant award of $192,779 from the State of Illinois Department of Commerce and Economic Opportunity with the city to contribute $192,779 in matching funds to host "Luminosity," a month-long celebration of light to be held from September 6, 2024, through October 5, 2024.
Presented by Jen Evans, Public Art; Alex Alexandrou, Mayor's Office; Trevor Dick, Economic Development.
A motion was made by Alderman Woerman, seconded by Vice Chair Bugg, that this agenda item be recommended for approval. The motion carried.
Ayes: 4
23-0529 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, 2024.
Presented by Chris Minick, Finance.
A motion was made by Alderman Woerman, seconded by Vice Chair Bugg, that this agenda item be recommended for approval. The motion carried.
Ayes: 4
23-0533 A Resolution authorizing the execution of a redevelopment agreement providing for a forgivable and a non-forgivable loan to Lazaro Rs Corp, Inc., operating under the assumed business name of La Quinta De Los Reyes.
Presented by David Dibo, Economic Development; Claudia Urrutia, La Quinta; Jesus Sanchez, La Quinta; Arianna Urrutia, La Quinta; Lane Allen, Allen Pepa Architects; John Curley, Development Services.
A motion was made by Alderman Woerman, seconded by Vice Chair Bugg, that this agenda item be recommended for approval. The motion carried.
Alderman Bugg left the meeting at 4:36 p.m. and returned at 4:38 p.m.
Ayes: 4
CLOSED SESSION
ADJOURNMENT
A motion was made by Alderman Woerman, seconded by Alderwoman Baid, that this meeting be adjourned. The motion carried. Chairman Franco adjourned the meeting at 4:40 p.m.
Ayes: 4
https://aurora-il.legistar.com/MeetingDetail.aspx?ID=1091095&GUID=AC345564-5403-4F59-8D1C-A4DCCAC0E43B&Options=info%7C&Search=
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