Finance Committee

City Hall - Second Floor City of Aurora Council Chambers 44 East Downer Place Aurora, IL Finance Committee Meeting Minutes - Final Thursday July 10, 2025 3:00 PM 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. City of Aurora Page 1 Finance Committee Meeting Minutes - Final July 10, 2025 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 City of Aurora Page 2 Finance Committee Meeting Minutes - Final July 10, 2025 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 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. VISIT OUR WEB SITE FOR CURRENT AGENDAS - https://www.aurora-il.org/985/City-Council-Agendas-Minutes City of Aurora Page 3 Finance Committee Meeting Minutes - Final July 10, 2025 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.us. Every effort will be made to allow for meeting participation. City of Aurora Page 4