Finance Committee

City Hall 5th Floor City of Aurora Conference Room 5B 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes Tuesday October 09, 2018 3:00 PM Alderman Bob O'Connor, Chairman Alderman Edward J. Bugg Alderman Ted Mesiacos Alderman Rick Mervine, Alternate CALL TO ORDER: Chairman O'Connor called the meeting to order at 3:08 PM. ROLL CALL Present: 3 - Chairperson Bob O'Connor, Alderman Edward Bugg and Alderman Ted Mesiacos OTHERS PRESENT Steve Lord, Raphialita McKenzie, Kevin McCanna, City of Aurora: Jolene Coulter, Purchasing; Sgt. Wolcott. APD; Trevor Dick, Development Strategy & Facilitation; John Russell, Community Services, Vince Smith, MIS; Joe Hopp, Equipment Services; Marissa Spencer, Legal; Steve Andras, Airport; Ed Sieben, Planning & Zoning; John Curley, Development Services; Martin Lyons, Finance; Ken Schroth, Public Works; Alex Alexandrou, Mayor's Office; Alderman Donnell, Ward 4; Dave Dibo, Economic Development; Connie Krug, Aldermen's Office APPROVAL OF MINUTES 18-0884 Approval of the 9/25/2018 finance committee meeting minutes. A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be accepted and filed. The motion carried. Ayes: 3 PUBLIC COMMENT AGENDA 18-0911 An Ordinance of the City of Aurora, Kane, DuPage, Kendall and Will City of Aurora Page 1 Finance Committee Meeting Minutes October 9, 2018 Counties, Illinois, providing for the issuance of Tax Increment Revenue Refunding Bonds, Series 2018A (River City TIF Number 6) in an aggregate principal amount of $__________, for the purpose of refunding certain bonds heretofore issued by the City and now outstanding, and authorizing the sale of said bonds to the purchasers thereof. A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0912 An Ordinance of the City of Aurora, Kane, DuPage, Kendall and Will Counties, Illinois, providing for the issuance of Tax Increment Revenue Refunding Bonds, Series 2018B (River City TIF Number 3) in an aggregate principal amount of $__________, for the purpose of refunding certain bonds heretofore issued by the City and now outstanding, and authorizing the sale of said bonds to the purchasers thereof. A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0919 In compliance with the TIF Act, this agenda item shall serve as the City’s announcement of its intent to establish Tax Increment Finance (TIF) District #9. This Recommendation was discussed 18-0543 A Resolution authorizing the purchase of (4) Unmanned Aircraft Systems, commonly referred to as drones, and the necessary equipment to operate them.. A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0646 A Resolution Authorizing the Execution of an Intergovernmental Agreement between the City of Aurora and the Village of Sugar Grove . A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0853 An Ordinance Authorizing the Execution of a Lease of Real Estate Agreement between the City of Aurora and ALB Properties, Inc. for Lease of Real Estate at the Aurora Municipal Airport . City of Aurora Page 2 Finance Committee Meeting Minutes October 9, 2018 A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0897 A Resolution to approve Mansfield Oil Company for the diesel fuel tanker loads and Petroleum Traders for the gasoline tanker loads for the Central Garage Fueling Station. A motion was made by Alderman Bugg, seconded by Alderman Mesiacos, that this agenda item be recommended for approval. The motion carried. Ayes: 3 18-0900 A Resolution authorizing the Mayor's Office of Economic Development to apply for a $400,000 grant from the Illinois Department of Natural Resources for improvements at Wilder Promenade. . Alderman Bugg excused himself from the meeting at 4:08 PM. A motion was made by Alderman Mesiacos, seconded by Chairperson O'Connor, that this agenda item be recommended for approval. The motion carried. Ayes: 2 HELD 18-0680 A resolution to enter into a Project Development Agreement with Ameresco, Inc., 111 Speen Street, Suite 410, Framingham, MA, 01710 for the development and construction of one or more Solar Photovoltaic Generation Facilities. This Resolution was held ADJOURNMENT: A motion was made by Alderman Mesiacos, seconded by Chairperson O'Connor, that the meeting be adjourned. Chairman O'Connor adjourned the meeting at 4:14 PM. The motion carried Ayes: 2 VISIT OUR WEB SITE FOR CURRENT AGENDAS - http://aurora-il.org/legistar.php [ For agendas prior to August 1, 2013, please visit http://aurora-il.org/agendasearch.php ] City of Aurora Page 3