Finance Committee

City Hall - 2nd Floor City of Aurora Council Chambers 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday June 16, 2022 4:00 PM Chairperson Carl Franco Vice Chair Sherman Jenkins Alderwoman Shweta Baid Alderman Edward J. Bugg Alderwoman Scheketa Hart-Burns Please note 4:00 p.m. start time for this meeting only. 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 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 City of Aurora Page 1 Finance Committee Meeting Minutes - Final June 16, 2022 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 City of Aurora Page 2 Finance Committee Meeting Minutes - Final June 16, 2022 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 THIS MEETING AGENDA SHALL ALSO SERVE AS NOTICE THAT A MAJORITY OF A QUORUM OF THE CITY COUNCIL OF THE CITY OF AURORA, ILLINOIS MAY ATTEND OR PARTICIPATE IN THIS COMMITTEE MEETING. NO OFFICIAL ACTION OF THE CITY COUNCIL SHALL OCCUR AT THIS COMMITTEE MEETING. MINUTES OF THE COMMITTEE MEETING SHALL CONSTITUTE THE OFFICIAL RECORD OF THE COMMITTEE MEETING AND ANY MEETING OF THE MAJORITY OF THE QUORUM OF THE CITY COUNCIL OCCURRING AT THE SAME TIME AND LOCATION. City of Aurora Page 3 Finance Committee Meeting Minutes - Final June 16, 2022 VISIT OUR WEB SITE FOR CURRENT AGENDAS - https://www.aurora-il.org/985/City-Council-Agendas-Minutes Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the Aldermen's Office at least 48 hours in advance of the scheduled meeting. The Aldermen's Office can be reached in person at 60 E. Downer Place, Aurora Illinois, via telephone at 630-256-3020 or email at aldermensoffice@aurora-il.org. Every effort will be made to allow for meeting participation. City of Aurora Page 4