City of Aurora Finance Committee met Oct.12.
Here are the minutes provided by the committee:
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
Chairperson Carl Franco called the meeting to order at 3:02 p.m.
ROLL CALL
Present: 4 - Chairperson Carl Franco, Vice Chair Edward Bugg, Alderwoman Shweta Baid and Alderman Ron Woerman
Absent: 1 - Alderman Brandon Tolliver
APPROVAL OF MINUTES
23-0794 Approval of the minutes of the Finance Committee meeting held on September 28, 2023.
A motion was made by Alderman Woerman, seconded by Alderwoman Baid, that the minutes be accepted and filed. The motion carried.
Ayes: 4
PUBLIC COMMENT
No registered speakers
AGENDA
23-0796 An Ordinance Terminating the Designation of the River City Tax Increment Financing Redevelopment Project Area and Dissolving the River City Special Tax Increment Allocation Fund.
Presented by Chris Minick, Finance Department.
A motion was made by Alderman Woerman, seconded by Alderwoman Baid, that this agenda item be recommended for approval. The motion carried.
Ayes: 4
23-0784 A Resolution authorizing the city to accept a grant award of $487,000 from the Illinois Housing Development Authority (IHDA)-Strong
Communities Program Round 2 for the maintenance and demolition of abandoned and blighted residential properties.
Presented by Ruthy Harris, Property Standards.
A motion was made by Alderwoman Baid, seconded by Alderman Woerman, that this agenda item be recommended for approval. The motion carried.
Ayes: 4
23-0809 A Resolution Authorizing an Intergovernmental Agreement between the City of Aurora and Batavia Public School District No. 101 concerning tax increment financing districts in the vicinity of Farnsworth Avenue and Bilter Road.
Presented by 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
23-0805 Acceptance of the 2022 Annual Financial Reports for the City, TIF funds, and Single Audit and GATA Reports.
Presented by Linda Read, Accounting and Jim Savio, Sikich.
This Reports/Studies was discussed.
23-0813 Information Only - Overview Discussion of 2024 Budget.
Presented by Chris Minich, Finance.
This Information/Discussion Only was discussed.
CLOSED SESSION
ADJOURNMENT
A motion was made by Alderwoman Baid, seconded by Vice Chair Bugg, that this meeting be adjourned. The motion carried. Chairman Franco adjourned the meeting at 4:01 p.m.
Ayes: 4
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