Kane County Reporter

City of Aurora Finance Committee met July 10

Here are the minutes provided by the committee:

Chairperson Ted Mesiacos

Vice Chair Carl Franco

Alderman Dan Barreiro

Alderman-at-Large Keith Larson

Alderman Edward J. Bugg

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.

CALL TO ORDER

Chairman Mesiacos called the meeting to order at 3:01pm.

ROLL CALL

Present: 5 - Chairperson Ted Mesiacos, Vice Chair Carl Franco, Alderman Dan Barreiro, Alderman-At-Large Keith Larson and Alderman Edward Bugg

APPROVAL OF MINUTES

25-0515 Approval of the minutes from the Finance Committee Meeting held on June 12, 2025.

A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that this agenda item be accepted and filed. The motion carried.

Ayes: 5

PUBLIC COMMENT

AGENDA

25-0554 An Ordinance Amending the Ward 6 Budget for Fiscal Year 2025. Alderman Michael Saville, Ward 6

A motion was made by Vice Chair Franco, seconded by Alderman-At-Large Larson, that this agenda item be recommended for approval. The motion carried.

Ayes: 5

25-0543 An Ordinance authorizing the issuance and sale of Adjustable Rate Demand Economic Development Revenue Bonds, Aurora University, in one or more series, of the City of Aurora, Kane, DuPage, Will and Kendall Counties, Illinois, in an aggregate principal amount not to exceed $16,000,000, and confirming the sale thereof; authorizing the execution and delivery of a Loan Agreement, Trust Indenture, Bond Purchase Agreement and related documents; authorizing the distribution of an Official Statement; approving the delivery of a Letter of Credit, a Reimbursement Agreement and a Remarketing Agreement; and authorizing certain related matters.

Chris Minick, COA-Finance

Sharon Maxwell, Aurora University

A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried.

Ayes: 5

25-0519 An Ordinance Enacting a Municipal Grocery Retailers' Occupation Tax and Municipal Grocery Service Occupation Tax.

Stacey Peterson, COA-Budget

Chris Minick, COA-Finance

A motion was made by Vice Chair Franco, seconded by Alderman Barreiro, that this agenda item be recommended for approval. The motion carried.

Ayes: 4

Nayes: 1

25-0552 An Ordinance amending Article 44 Section 191 of the Municipal Code, "Hotel Occupancy Tax."

Chris Minick, COA-Finance

A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried.

Ayes: 4

Nayes: 1

25-0485 A Resolution Authorizing Execution of Labor Agreement between the City of Aurora and the Aurora Supervisors Association (ASA) from January 1, 2026, through December 31, 2028.

Alisia Lewis, COA-Human Resources

A motion was made by Vice Chair Franco, seconded by Alderman-At-Large Larson, that this agenda item be recommended for approval. The motion carried.

Ayes: 5

25-0564 A Resolution authorizing the purchase of Cornerstone's OnDemand Public Sector eLearning Subscription in the amount of $106,658.60 from August 15, 2025, to August 15, 2028.

Alisia Lewis, COA-Human Resources

A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that this agenda item be recommended for approval. The motion carried.

Ayes: 5

CLOSED SESSION

ADJOURNMENT

A motion was made by Vice Chair Franco, seconded by Alderman Bugg, that this meeting be adjourned. The motion carried. Chairman Mesiacos adjourned the meeting at 3:57pm.

Ayes: 5

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