Downtown TIF District Joint Review Board Meeting

Village Hall Village of Lombard 255 East Wilson Ave. Lombard, IL 60148 villageoflombard.org Minutes Downtown TIF District Joint Review Board Meeting DuPage County, DuPage County High School District #87, DuPage County Elementary School District #44, College of DuPage, York Township, Village of Lombard, Lombard Park District Helen M. Plum Memorial Library District Citizen Member Thursday, December 19, 2013 10:00 AM Village Hall - Community Room 1.0 Call to Order and Pledge of Allegiance Call to order by Village President Keith Giagnorio at 10:05 a.m. 2.0 Roll Call of Joint Review Board Members Present: Chris McClain, District 87; Jennifer Ganser, Village of Lombard; William Heniff, Village of Lombard; Jamie Cunningham, Village of Lombard; Keith Giagnorio, Village of Lombard; and Sarah Richardt, Lombard Town Centre. 3.0 Public Participation There was no public participation. 4.0 Approval of Minutes There was not a quorum so the minutes could not be approved. 5.0 Unfinished Business No unfinished business. 6.0 New Business Ms. Ganser reviewed the Annual TIF Report for the Downtown TIF District. She noted that this report is for fiscal years 2012A and 2012B. The Downtown TIF was created in 1989 and is set to expire in 2023. There was one amendment to the TIF Plan in June 2012 regarding distribution of surplus revenue. The Downtown TIF had a Village of Lombard Page 1 Downtown TIF District Joint Review Minutes December 19, 2013 Board Meeting beginning fund balance of $1.1 million and an ending fund balance of $854,428. Notable expenses were made Elmhurst Memorial Healthcare, Lombard Park District, and to Village grant programs. Mr. McClain asked staff to clarify the surplus amount paid to District 87. Mr. Heniff reviewed past activities in the TIF. He noted that EAVs were declining and that is reflected in the Annual TIF Report. 7.0 Other Business There was no other business. 8.0 Information Only 9.0 Adjournment On a motion by Chris McClain and seconded by Keith Giagnorio the meeting was adjourned at 10:13 a.m. Village of Lombard Page 2