Joint Review Board

MINUTES CITY OF DEKALB JOINT REVIEW BOARD MEETING OCTOBER 22, 2021 The Joint Review Board (JRB) of the City of DeKalb, Illinois, convened on October 22, 2021, at 1:00 p.m. at the DeKalb Police Department, located at 700 W. Lincoln Highway, DeKalb, Illinois. A. CALL TO ORDER Assistant to the City Manager Josh Boldt called the meeting to order at 1:02 p.m. B. ROLL CALL Executive Assistant Ruth Scott called the roll, and the following members of the JRB were present:  City of DeKalb – Bill Nicklas*  DeKalb County – Brian Gregory*  DeKalb Park District – John Shea*  Kishwaukee College – Jill Hansen*  Public Member – Larry Berke* The following members of the JRB were absent:  DeKalb Community Unit School District #428 – Cindy Carpenter*  DeKalb Township – Mary Hess*  Kishwaukee Water Reclamation District – Mark Eddington  DeKalb Public Library – Emily Faulkner  DeKalb Township Road and Bridge District – Craig Smith  DeKalb County Forest Preserve – Terry Hannan Others present included City Attorney Matt Rose. C. APPROVAL OF THE AGENDA MOTION: Mr. Gregory moved to approve the agenda; seconded by Mr. Berke. VOTE: Motioned passed by a voice vote of the majority of members present. D. APPOINTMENT OF THE PERMANENT CHAIR This item was not discussed and will be brought forward at the January 28, 2022, JRB meeting. E. APPROVAL OF THE MINUTES 1. Minutes of the Joint Review Board meeting of July 9, 2021. MOTION: Mr. Berke moved to approve the minutes; seconded by Mr. Gregory. VOTE: Motioned passed by a voice vote of the majority of members present. Joint Review Board Meeting Minutes October 22, 2021 Page 2 of 3 F. PUBLIC PARTICIPATION There was none. G. PRESENTATION OF THE THIRD QUARTER FY2021 TAX INCREMENT FINANCING (TIF) FINANCIALS Mr. Boldt provided an overview of this item based on the information provided in the agenda packet, which included a combined TIF project tracker as of October 6, 2021, a TIF #1 income statement summary, a TIF #3 income statement summary, a Council approved FY2021 budget for Fund 260 (Central Area TIF) and Fund 262 (TIF #3), and a revenue and expenditure report for the Central Area TIF and TIF #3. H. UPDATE ON CURRENT TIF PROJECTS Mr. Boldt provided an overview of TIF #3 projects from 2021, which included Architectural Improvement Program (AIP) projects at the Egyptian Theatre, the Hillside Restaurant, 115 N. 1st Street, Hickey’s Corner Store, 201-203 E. Locust Street, 151 N. 4th Street. A new project, AccuLab at 509 Oak Street, was approved by the City Council on October 11. The overview also contained major TIF #3 projects, including Agora Tower, Fire Station #1, the Illinois Route 38 (Lincoln Highway) reconfiguration, DeKalb Taylor Municipal Airport (DTMA), and City Hall Suites on S. Fourth Street. Mr. Berke stated that he lives in the downtown area and all these projects are good things. Mr. Boldt added that a lot of college students are moving into the downtown area. Mr. Nicklas spoke briefly regarding the DTMA projects, noting that a majority was done from TIF #1. Now that that TIF #1 is being terminated, work done at the DTMA will have to come out of general capital dollars. Mr. Gregory asked about the solar project at the DTMA and if it was TIF 1. Mr. Nicklas replied that it was. Mr. Gregory then asked about the Lincoln Highway reconfiguration. Mr. Nicklas explained it will go from four lanes to three from First Street to Fourth Street. I. TIF #1 TERMINATION Mr. Nicklas stated that letters have been sent to each taxing body regarding this item. The City Council will be voting on the termination of TIF #1 at their next meeting. City Attorney Rose briefly explained the process following the termination. Continuing, Mr. Nicklas stated the fund will be carried through 2022 with a small reserve for open appeals. He also indicated that the taxing districts may be getting another small surplus payment. J. NEXT MEETING  Joint Review Board Meeting Minutes October 22, 2021 Page 3 of 3 The next meeting of the JRB will be scheduled for January 28, 2022. K. ADJOURNMENT MOTION: Mr. Berke moved to adjourn the meeting; seconded by Mr. Gregory. VOTE: Motion carried by a voice vote of the majority of members present. The meeting adjourned at 1:22 p.m. Respectfully submitted, __________________________________ Ruth A. Scott, Executive Assistant Minutes approved by the Joint Review Board on January 28, 2022.