Joint Review Board

AGENDA JOINT REVIEW BOARD MEETING JANUARY 27, 2023 1:00 P.M. NEW LOCATION DeKalb City Hall 164 E. Lincoln Highway 1st Floor Conference Room DeKalb, Illinois A. Call to Order B. Roll Call City of DeKalb – Bill Nicklas* DeKalb Community Unit School District #428 – Cindy Carpenter* DeKalb County – Brian Gregory* (Chair) DeKalb County Forest Preserve – Terry Hannan DeKalb Park District – John Shea* DeKalb Public Library – Emily Faulkner DeKalb Township – Mary Hess* DeKalb Township Road and Bridge District – Craig Smith Kishwaukee College #523 – Laurie Borowicz* Kishwaukee Water Reclamation District – Mark Eddington Public Member – Larry Berke* C. Approval of the Agenda D. Approval of the Minutes 1. Minutes of the Joint Review Board Meeting of October 28, 2022. E. Public Participation. F. Presentation of the Fourth Quarter FY2022 TIF Financials. G. Update on Current TIF #3 Projects. H. Next Meeting: April 28, 2023. I. Adjournment *Voting Members of the Joint Review Board  MINUTES CITY OF DEKALB JOINT REVIEW BOARD MEETING OCTOBER 28, 2022 The Joint Review Board (JRB) of the City of DeKalb, Illinois, convened on October 28, 2022, at 1:00 p.m. at the DeKalb Police Department, located at 700 W. Lincoln Highway, DeKalb, Illinois. A. CALL TO ORDER City Manager Bill Nicklas called the meeting to order at 1:03 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 Community Unit School District #428 – Cindy Carpenter*  DeKalb Park District – John Shea*  DeKalb Township – Mary Hess*  Kishwaukee College – Jill Hansen*  Public Member – Larry Berke* DeKalb County Administrator Brian Gregory was absent at roll call, but arrived at 1:06 p.m. The following members of the JRB were absent:  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 Finance Director Carrie Dittman. C. APPROVAL OF THE AGENDA MOTION: Mr. Berke moved to approve the agenda; seconded by Ms. Carpenter. VOTE: Motion carried by a voice vote of the majority of members present. D. APPROVAL OF THE MINUTES 1. Minutes of the Joint Review Board meeting of July 22, 2022. MOTION: Mr. Shea moved to approve the minutes; seconded by Ms. Carpenter. VOTE: Motion carried by a voice vote of the majority of members present. E. PUBLIC PARTICIPATION There was none. D. PRESENTATION OF THE THIRD QUARTER FY2022 TIF FINANCIALS Ms. Dittman provided an overview of this item based on the information provided in the agenda packet, which included the TIF Project Tracker as of September 30, 2022, the TIF #3 Income Joint Review Board Meeting Minutes October 28, 2022 Page 2 of 3 Statement Summary as of September 30, 2022, and the Revenue and Expenditure Report for TIF #3. There was a brief review of Architectural Improvement Program (AIP) projects, which included:  La Calle, 263 E. Lincoln Highway in the amount of $11,821 for ADA compliance, life safety equipment, electrical, mechanical, and plumbing upgrades;  Fargo Skateboarding, 641 E. Lincoln Highway in the amount of $8,616 for façade/exterior signage; and  Chilton’s Sporting Goods, 248 E. Lincoln Highway in the amount of $1,388.30 for roof repairs. There was also a brief review of major projects, which included Agora Tower, the Illinois Route 38 Reconfiguration, and City Hall Suites at 223 S. Fourth Street. Ms. Dittman then reviewed the TIF 3 Central Business District/TIF Income Statement Summary, indicating there may be a surplus of $140,000 by the end of the year. She stated the surplus will calculated and the surplus payment sent to the payment to DeKalb County for distribution. Ms. Dittman also briefly reviewed the She also briefly reviewed revenue and expenditure report Brief discussion ensued regarding when the surplus payment could be expected, with Ms. Dittman stating February or March of 2023. H. FY2023 DRAFT BUDGET – TIF FUND #3 Ms. Dittman provided an overview of this item based on the information provided in the agenda packet. I. NEXT MEETING The next meeting of the JRB will be scheduled for January 27, 2023, J. EXECUTIVE SESSION 1. Approval to Hold an Executive Session in Order to Discuss the Purchase or lease of Real Property as Provided for in 5 ILCS 120/2(c)(5). MOTION: Ms. Carpenter moved to recess the meeting for Executive Session; seconded by Mr. Gregory. VOTE: Motion carried by a 7-0 roll call vote. Aye: Nicklas, Carpenter, Gregory, Shea, Hess, Hanson, Berke. Nay: None. Mr. Gregory declared the motion passed and recessed the meeting at 1:35 p.m. Following adjournment of the Executive Session, Mr. Gregory opened the meeting to the public at 1:41 p.m. I. ADJOURNMENT MOTION: Mr. Gregory moved to adjourn the meeting; seconded by Mr. Berke. Joint Review Board Meeting Minutes October 28, 2022 Page 3 of 3 VOTE: Motion passed by a voice vote of the majority of members present and the meeting was adjourned at 1:41 p.m. Respectfully submitted, _____________________________ Ruth A. Scott, Executive Assistant Minutes approved by the Joint Review Board on (pending). Click here to view the agenda packet for the October 28, 2022, JRB meeting. TO: City of DeKalb – Bill Nicklas* DeKalb Community Unit School District #428 - Cindy Carpenter* DeKalb County - Brian Gregory* (Chair) DeKalb County Forest Preserve - Terry Hannan DeKalb Park District - John Shea* DeKalb Public Library - Emily Faulkner DeKalb Township - Mary Hess* DeKalb Township Road and Bridge District - Craig Smith Kishwaukee College #523 – Laurie Borowicz* Kishwaukee Water Reclamation District - Mark Eddington Public Member - Larry Berke* FROM: Carrie Dittman Finance Director DATE: January 5, 2023 RE: Background Notes for the January 27, 2023 Agenda * Indicates voting membership The following notes provide background to the items on the published JRB agenda. Approval of Minutes. The minutes from the October 28, 2022 JRB meeting are attached for the Board’s review and approval. Presentation of Fourth Quarter FY 2022 TIF Financials. The following reports are attached for the Board’s review: • TIF Project Tracker as of 12/31/2022. • TIF #3 Income Statement Summary as of 12/31/2022 (excludes year end audit adjustments). • Revenue & Expenditure Report (from City’s accounting system) for TIF #3. Update on Current TIF #3 Projects Architectural Improvement Program (AIP) Summary Property owners whose properties fall within the TIF #3 district boundaries may apply for limited incentives up to a maximum of $25,000 based on a three-tiered list of reimbursable expenses. The tiers are shown in the following table: Major Capital Improvements – 50% Reimbursement: ADA Compliance Façade Renovations Life Safety Equipment Electrical, Mechanical, and Architectural Design Fees Restoration of Historic Plumbing Upgrades Architectural Features Fire Alarm and Suppression Tuckpointing Systems Minor Capital Improvements – 25% Reimbursement: Exterior Lighting Exterior Painting Window & Door Replacement Screening of Unsightly Utilities Deferred Maintenance – 10% Reimbursement: Roof Repair or Replacement Gutter Replacement Stair and Handrail Replacement Floor Surface Repair Water Damage Repair According to the terms of the AIP program, the City “forgives” 20% of the value of the matching funds each year for five years. In FY2022, the AIP budget allocated $70,000 for qualified projects on a first-come, first-served basis. The City Council amended the budget in May 2022 to add $47,000 for qualifying AIP projects, offset by the higher property taxes expected due to final EAV numbers. Between October - December 2022, the City Council approved one AIP grant: 1. OQ Nails & Spa, 237 E. Lincoln Highway = $10,775 (roof repair, terra cotta repair/tuckpointing), approved at the December 12, 2022, City Council meeting. The reimbursement payout is pending receipt of payment documentation. Major Project Summary • Agora Tower. The project funding was approved in September 2019. The Project’s developer, John Pappas, and general contractor, Weaver Construction, have substantially completed all construction work and resident move-in commenced in the fourth quarter. The seventh and final payout request for $394,613.06 was received and paid during the quarter, and the project is now complete. Page |2  • IL Rt. 38 Reconfiguration. This project was approved by IDOT and a bid opening occurred on April 20, 2022. The only bidder was Elliott & Wood, and a construction services contract for $1,763,000 was awarded at the April 25 City Council meeting. The reconfiguration reduced the four-lane downtown section of IL Rt. 38 between First and Fourth Streets to three lanes (with a center turn lane). This widened the downtown sidewalks by about 5-6 feet on both the north and south sides, allowing for a more pedestrian-friendly streetscape and mitigating the truck “raceway” through the heart of DeKalb’s downtown. The wider sidewalks afford more room for sidewalk sales, outdoor seating, and more leisurely enjoyment of the downtown businesses. Additionally, the City addressed the IDOT requirement for a parallel bike path by committing to such a pathway on Grove Street, and the City addressed various IDOT technical suggestions for turn radii, etc. The City also made some design changes to address IDOT’s concern about impacts on the Union Pacific’s Fourth Street rail crossing. Owing to the tight time frame for completion of the project prior to Corn Fest and a series of IDOT design changes, the one responsive bid exceeded the City’s engineering estimate by $550,000, bringing the FY22 budget total to $1,800,000 for this carryover project. An additional contract amendment was approved by the City Council on December 12 to address extra costs incurred by Elliott & Wood last summer and fall to temporarily construct catch basin inlets while waiting for back-ordered steel grates all summer. As a result of this interim safety work, the contract was increased from $1.763 million to $1.855 million. The total cost of the project including design between fiscal years 2021 and 2022 was approximately $1.98 million. • 223 S. Fourth Street: City Hall Suites. This redevelopment project is expected to be an “earner” for TIF #3. The one-block area has been off the tax rolls since the late 1960s so once the property is occupied all the assessed valuation will count toward the calculation of the increment. The former city hall was razed in late 2021 and the main building “pads” were prepped in early 2022. The general contractor, Pappas Development, also replaced old water and sewer mains as well as electrical and natural gas services in 2022. To date, $502,846 of the $750,000 TIF #3 grant has been allocated. No additional reimbursement requests were received in the last quarter. Adjournment Page |3  TIF 1 & TIF 3 ‐ Central Business District Estimated Cumulative Pay Out Schedule ("Project Tracking") Period Ending 12/31/22 Applicable Income Statement Year of Total RDA/TIF Approved Paid to Date Remaining Redevelopment Project Party (Developer) PINS Expense Category RDA Commitment Eligible to 12/31/22 Obligation Administrative (Non‐Project) Not allowable under IGA Debt Service TIF 1 City of DeKalb Debt Service 2021 $ 2,385,800 N/A $ 2,385,800 $ ‐ Agora Tower TIF 3 PNG Development Private ‐ For Profit 2019‐22 $ 3,000,000 Y $ 3,000,000 $ ‐ 206 E. Lincoln Ave. apartments TIF 3 John & Rosa Balli Private ‐ For Profit 2020‐21 $ 216,800 Y $ 216,800 $ ‐ 200 S. Fourth Street TIF 3 City Hall Suites LLC Private ‐ For Profit 2020‐ $ 750,000 Y $ 502,846 $ 247,154 AIP ‐ 121 N. Second Street ‐ Hillside TIF 3 Private ‐ For Profit 2020 $ 18,076 Y $ 5,503 $ ‐ AIP ‐ 135 N. Second St ‐ Egyptian Theater TIF 3 Private ‐ For Profit 2021 $ 4,314 Y $ 4,314 $ ‐ AIP ‐ 115 N 1st St ‐ R.A.M.P TIF 3 Private ‐ For Profit 2021 $ 1,675 Y $ 1,675 $ ‐ AIP ‐ 218 W. Lincoln Hwy ‐Hickeys (project not completed) Private ‐ For Profit 2021 $ 1,185 Y $ ‐ $ ‐ AIP ‐ 151 N 4th St (property sold, project not completed) Private ‐ For Profit 2021 $ 25,000 Y $ ‐ $ ‐ AIP ‐ 509 Oak St ‐ Acculab TIF 3 Private ‐ For Profit 2021 $ 25,000 Y $ 25,000 $ ‐ AIP ‐ 201‐203 E. Locust St TIF 3 Private ‐ For Profit 2021 $ 1,850 Y $ 1,850 $ ‐ AIP ‐ 518 E. Lincoln Hwy ‐ KJ's Tap TIF 3 Private ‐ For Profit 2022 $ 2,415 Y $ 2,415 $ ‐ AIP ‐ 126 S. 5th St‐ Stagecoach Players TIF 3 Private ‐ For Profit 2022 $ 9,500 Y $ 9,500 $ ‐ AIP ‐ 137 E Lincoln Highway ‐ Aurora Music TIF 3 Private ‐ For Profit 2022 $ 25,000 Y $ 25,000 $ ‐ AIP ‐ 641 E Lincoln Highway ‐ Fargo Skateboard TIF 3 Private ‐ For Profit 2022 $ 8,616 Y $ 8,616 $ ‐ AIP ‐ 263 E Lincoln Highway ‐ La Calle TIF 3 Private ‐ For Profit 2022 $ 12,925 Y $ 11,821 $ ‐ AIP ‐ 248 E Lincoln Highway ‐ Chilton's TIF 3 Private ‐ For Profit 2022 $ 1,388 Y $ 1,388 $ ‐ AIP ‐ 237 E Lincoln Highway ‐ OQ Nails TIF 3 Private ‐ For Profit 2022 $ 10,775 Y $ ‐ $ 10,775 IL Route 38 Downtown TIF 3 City of DeKalb Infrastructure 2021‐22 $ 1,800,000 Y $ 1,980,408 $ ‐ Electric Car Charging Station ‐ Palmer Ct. TIF 3 City of DeKalb Infrastructure 2021 $ 15,000 Y $ 14,994 $ ‐ Fire Station #1 TIF 1 City of DeKalb Infrastructure 2021 $ 181,554 Y $ 180,284 $ ‐ DeKalb‐Taylor Municipal Airport* TIF 1 City of DeKalb Infrastructure 2021 $ 200,000 Y $ 159,395 $ ‐ Total Project Expenses $ 8,696,873 $ 8,537,609 $ 257,929 *Total RDA Commitment estimated based on the Municipal Share of Grant Activity to Rehabilitate Airport Facilities blue font = preapproved as part of TIF IGA 12/14/2020  TIF 3 ‐ Central Business District TIF Income Statement Summary TIF # 3 (esta. 2/11/2019) Note 1 Tax Year for Base EAV for TIF Increment 2019 2020 2021 2022 TIF Year 0 1 2 3 Tax Levy Year 2019 2020 2021 2022 Tax Collection Year 2020 2021 2022 2023 Year Surplus Distributed (by 3/31) 2023 2024 Actual Actual Actual Actual (unaudited) Fiscal Year 2019 2020 2021 2022 Beginning Balance ‐ January 1 ‐ (500,000) 1,271,337 3,626,801 Revenue Revenue ‐ Property Tax Increment ‐ 300,640 458,809 507,254 Revenue ‐ Transfer from Other TIFs ‐ 4,275,000 2,650,000 ‐ Revenue ‐ Interest Income ‐ 202 1,097 30,554 Revenue ‐ Bond Proceeds ‐ ‐ ‐ ‐ Revenue ‐ Refunds/Reimbursements ‐ ‐ ‐ 8,712 Total Revenue ‐ 4,575,842 3,109,906 546,520 Total Available (Rev. + Beg. Balance) ‐ 4,075,842 4,381,243 4,173,321 Expenses Incurred (Paid) Expenses ‐ Non‐Project (Admin) ‐ ‐ ‐ ‐ Expenses ‐ Other Capital‐Public Infrastructure ‐ ‐ 127,053 1,868,350 Expenses ‐ Not‐for‐Profit ‐ ‐ ‐ ‐ Expenses ‐ Private For‐Profit 500,000 2,803,802 624,588 759,729 Expenses ‐ Debt Service ‐ ‐ ‐ ‐ Expenses ‐ Contractual Services (parking lot lease) ‐ ‐ ‐ 6,111 Expenses ‐ Engineering Services ‐ ‐ ‐ ‐ Expenses ‐ Financial Services (TIF audit) 703 556 8,660 Expenses ‐ Legal & Notices ‐ ‐ 2,245 555 Expenses ‐ Surplus Other ‐ ‐ ‐ ‐ Total Expenses (excl IGA Surplus Pmt) 500,000 2,804,505 754,442 2,643,405 Expenses ‐ Surplus IGA (Note 1) ‐ ‐ ‐ 152,176 Ending Balance/(Deficit) ‐ December 31 (500,000) 1,271,337 3,626,801 1,377,740 IGA % of Surplus 0% 0% 30% (2019 levy) (2020 levy) (2021 levy) Note 1 ‐ surplus to be paid in following year according to IGA; begins with 2021 levy year (collected 2022) 01/05/2023 01:48 PM REVENUE AND EXPENDITURE REPORT FOR CITY OF DEKALB Page: 1/2 User: CARRIE.DITTMA Balances for quarter ending 12/31/2022 DB: Dekalb % Fiscal Year Completed: 100.00 Fund 262 - TIF FUND #3 ACTIVITY FOR 2022 YEAR-TO-DATE QUARTER ENDED Available % Account Description Amended Budget THRU 12/31/22 12/31/2022 Balance Used Revenues Unclassified: Department 00-00: GENERAL 30300 PROPERTY TAX - TIF 11/22/2022 CR PROPERTY TAX REVENUE 11/22/2022 119535 38,836.78 PROPERTY TAX REVENUE 11/22/2022 11/22/2022 GJ PROPERTY TAX - TIF - TIF 3 INTEREST 119928 (393.00) JE# 4126 11/22/2022 GJ PROPERTY TAX - TIF - TIF 2 INTEREST 119928 (1.48) JE# 4126 30300 PROPERTY TAX - TIF 507,000.00 507,253.56 38,442.30 (253.56) 100.05 37100 INVESTMENT INTEREST 10/31/2022 GJ OCTOBER 2022 INTEREST 117216 4,542.66 JE# 4083 10/31/2022 GJ OCTOBER 2022 INTEREST 117216 373.13 JE# 4083 11/22/2022 GJ INVESTMENT INTEREST - TIF 3 INTEREST 119928 393.00 JE# 4126 11/22/2022 GJ INVESTMENT INTEREST - TIF 2 INTEREST 119928 1.48 JE# 4126 11/30/2022 GJ NOVEMBER 2022 INTEREST 119941 5,603.24 JE# 4134 11/30/2022 GJ NOVEMBER 2022 INTEREST 119941 108.59 JE# 4134 12/31/2022 GJ DECEMBER 2022 INTEREST 121958 5,117.89 JE# 4206 12/31/2022 GJ DECEMBER 2022 INTEREST 121958 150.43 JE# 4206 37100 INVESTMENT INTEREST 250.00 30,554.09 16,290.42 (30,304.09) 12,221 38200 REFUNDS / REIMBURSEMENTS 0.00 8,712.59 0.00 (8,712.59) 100.00 Total - Dept 00-00 507,250.00 546,520.24 54,732.72 (39,270.24) 107.74 Unclassified 250.00 39,266.68 16,290.42 (39,016.68) 100.00 Total Revenues 507,250.00 546,520.24 54,732.72 (39,270.24) 107.74 Expenditures Unclassified: Department 00-00: GENERAL 62100 FINANCIAL SERVICES 750.00 8,660.00 0.00 (7,910.00) 1,154. 63800 CONTRACTED SERVICES 10/24/2022 AP UNION PACIFIC RAILROAD COMPANY 117792 6,111.06 Inv #: '322349358' Vendor '001070' 63800 CONTRACTED SERVICES 6,111.00 6,111.06 6,111.06 (0.06) 100.00 65300 LEGAL EXPENSES & NOTICES 0.00 555.00 0.00 (555.00) 100.00 68600 TIF SURPLUS DISTRIBUTION 12/01/2022 AP DEKALB COUNTY TREASURER 120265 152,176.07 Inv #: '2022 TIF 3 SURPLUS' Vendor '00027 68600 TIF SURPLUS DISTRIBUTION 138,000.00 152,176.07 152,176.07 (14,176.07) 110.27 69199 PRIV PROP REHAB / REDEVELOP 10/21/2022 AP PNG DEVELOPMENT LLC 117741 394,613.06 Inv #: 'PAYOUT 7' Vendor '002567' 10/27/2022 AP CHILTONS SPORTING GOODS INC 117491 1,388.30 Inv #: 'RES 2022-088' Vendor '172241' 69199 PRIV PROP REHAB / REDEVELOP 1,401,571.00 759,729.04 396,001.36 641,841.96 54.21 01/05/2023 01:48 PM REVENUE AND EXPENDITURE REPORT FOR CITY OF DEKALB Page: 2/2 User: CARRIE.DITTMA Balances for quarter ending 12/31/2022 DB: Dekalb % Fiscal Year Completed: 100.00 Fund 262 - TIF FUND #3 ACTIVITY FOR 2022 YEAR-TO-DATE QUARTER ENDED Available % Account Description Amended Budget THRU 12/31/22 12/31/2022 Balance Used Expenditures Department 00-00: GENERAL 83900 OTHER CAPITAL IMPROVEMENTS 10/17/2022 AP FEHR GRAHAM ENGINEERING 116613 4,013.75 Inv #: '110233' Vendor '000378' 12/01/2022 AP ELLIOTT AND WOOD INC 120279 157,162.08 Inv #: '2210404.2' Vendor '000344' 12/22/2022 AP ELLIOTT AND WOOD INC 121209 196,947.47 Inv #: '2210405.6' Vendor '000344' 83900 OTHER CAPITAL IMPROVEMENTS 1,800,000.00 1,868,349.47 358,123.30 (68,349.47) 103.80 Total - Dept 00-00 3,346,432.00 2,795,580.64 912,411.79 550,851.36 83.54 Unclassified 3,346,432.00 2,795,580.64 912,411.79 550,851.36 100.00 Total Expenditures 3,346,432.00 2,795,580.64 912,411.79 550,851.36 83.54 NET OF REVENUES AND EXPENDITURES (2,839,182.00) (2,249,060.40) (857,679.07) (590,121.60)  TIF 1 & TIF 3 ‐ Central Business District Estimated Cumulative Pay Out Schedule ("Project Tracking") Period Ending 12/31/22 Applicable Income Statement Year of Total RDA/TIF Approved Paid to Date Remaining Redevelopment Project Party (Developer) PINS Expense Category RDA Commitment Eligible to 12/31/22 Obligation Administrative (Non‐Project) Not allowable under IGA Debt Service TIF 1 City of DeKalb Debt Service 2021 $ 2,385,800 N/A $ 2,385,800 $ ‐ Agora Tower TIF 3 PNG Development Private ‐ For Profit 2019‐22 $ 3,000,000 Y $ 3,000,000 $ ‐ 206 E. Lincoln Ave. apartments TIF 3 John & Rosa Balli Private ‐ For Profit 2020‐21 $ 216,800 Y $ 216,800 $ ‐ 200 S. Fourth Street TIF 3 City Hall Suites LLC Private ‐ For Profit 2020‐ $ 750,000 Y $ 502,846 $ 247,154 AIP ‐ 121 N. Second Street ‐ Hillside TIF 3 Private ‐ For Profit 2020 $ 18,076 Y $ 5,503 $ ‐ AIP ‐ 135 N. Second St ‐ Egyptian Theater TIF 3 Private ‐ For Profit 2021 $ 4,314 Y $ 4,314 $ ‐ AIP ‐ 115 N 1st St ‐ R.A.M.P TIF 3 Private ‐ For Profit 2021 $ 1,675 Y $ 1,675 $ ‐ AIP ‐ 218 W. Lincoln Hwy ‐Hickeys (project not completed) Private ‐ For Profit 2021 $ 1,185 Y $ ‐ $ ‐ AIP ‐ 151 N 4th St (property sold, project not completed) Private ‐ For Profit 2021 $ 25,000 Y $ ‐ $ ‐ AIP ‐ 509 Oak St ‐ Acculab TIF 3 Private ‐ For Profit 2021 $ 25,000 Y $ 25,000 $ ‐ AIP ‐ 201‐203 E. Locust St TIF 3 Private ‐ For Profit 2021 $ 1,850 Y $ 1,850 $ ‐ AIP ‐ 518 E. Lincoln Hwy ‐ KJ's Tap TIF 3 Private ‐ For Profit 2022 $ 2,415 Y $ 2,415 $ ‐ AIP ‐ 126 S. 5th St‐ Stagecoach Players TIF 3 Private ‐ For Profit 2022 $ 9,500 Y $ 9,500 $ ‐ AIP ‐ 137 E Lincoln Highway ‐ Aurora Music TIF 3 Private ‐ For Profit 2022 $ 25,000 Y $ 25,000 $ ‐ AIP ‐ 641 E Lincoln Highway ‐ Fargo Skateboard TIF 3 Private ‐ For Profit 2022 $ 8,616 Y $ 8,616 $ ‐ AIP ‐ 263 E Lincoln Highway ‐ La Calle TIF 3 Private ‐ For Profit 2022 $ 12,925 Y $ 11,821 $ ‐ AIP ‐ 248 E Lincoln Highway ‐ Chilton's TIF 3 Private ‐ For Profit 2022 $ 1,388 Y $ 1,388 $ ‐ AIP ‐ 237 E Lincoln Highway ‐ OQ Nails TIF 3 Private ‐ For Profit 2022 $ 10,775 Y $ ‐ $ 10,775 IL Route 38 Downtown TIF 3 City of DeKalb Infrastructure 2021‐22 $ 1,800,000 Y $ 1,980,408 $ ‐ Electric Car Charging Station ‐ Palmer Ct. TIF 3 City of DeKalb Infrastructure 2021 $ 15,000 Y $ 14,994 $ ‐ Fire Station #1 TIF 1 City of DeKalb Infrastructure 2021 $ 181,554 Y $ 180,284 $ ‐ DeKalb‐Taylor Municipal Airport* TIF 1 City of DeKalb Infrastructure 2021 $ 200,000 Y $ 159,395 $ ‐ Total Project Expenses $ 8,696,873 $ 8,537,609 $ 257,929 *Total RDA Commitment estimated based on the Municipal Share of Grant Activity to Rehabilitate Airport Facilities blue font = preapproved as part of TIF IGA 12/14/2020