Tax Increment Finance Authority

TAX INCREMENT FINANCE AUTHORITY MINUTES APRIL 24, 2019 THE MEETING OF THE TAX INCREMENT FINANCE AUTHORITY WAS CALLED TO ORDER AT 7:01 P.M., ON WEDNESDAY, APRIL 24, 2019, BY CHAIRMAN RUFF. Present: Ball, Hebel, LaFore, Reindel, Ruff, Yelencich Absent: Garant Others: Director Moore Visitors: None. Authority member Garant was excused from tonight’s meeting. APPROVAL OF MINUTES Motion by LaFore, seconded by Yelencich, to approve the minutes from March 27, 2019, as presented. All yeas Motion passes APPROVAL OF BILLS Motion by Ball, seconded by Reindel, to approve the Schedule of Bills dated March 28, 2019, in the amount of $4,500.79. All yeas Motion passes Motion by LaFore, seconded by Hebel, to approve the Schedule of Bills dated April 11, 2019, in the amount of $3,815.93. All yeas Motion passes Motion by Hebel, seconded by LaFore, to approve the Payroll Expense for March 2019, in the amount of $ 2,488.07 All yeas Motion passes CORRESPONDENCE Page 1|3 TIFA: 04/24/2019  Revenue and Expense report for March 2019 City Council Meeting Minutes of March 4, 2019 City Council Meeting Minutes of March 18, 2019 Received and Filed the Correspondence as presented. PUBLIC COMMENTS None ADOPTION OF AGENDA The Agenda was adopted with the addition of Item #2 – Request from Richmond Area Historical and Genealogical Society (RAHGS) ITEMS FOR CONSIDERATION 1. Discussion on Public Act 57 of 2018 Director Moore informed the Authority of recent legislation that will impact TIFA. The new act creates new reporting requirement for authorities such as TIFA. Some of the reporting requirements are to the public and some are new reporting requirements to the State Department of Treasury. The new Reporting requirements include: - Posting of the TIFA Plan on the website. - Hold two informational meetings annually. - Post a summary of the TIFA finances and accomplishments on the municipal website. - Send a summary of the TIFA finances and accomplishments to the Department of Treasury. Administration has complied with the first reporting requirement. The third and fourth reporting requirements will be due 180 days after June 30, 2019. Director Moore informed the Authority that his goal will be to finalize the TIFA plan, send it to the Department of Treasury and post it on the City website. We will have to have the County come back before TIFA to finalize the plan. The two informational meetings can be held sometime throughout the year in conjunction with a TIFA meeting. We can determine those meetings dates at a later time. Page 2|3 TIFA: 04/24/2019  2. Request from RAHGS Tom Hebel requested that TIFA help fund the limestone by the barn in the Historical Village in preparation for the grand opening. He estimated the cost for the limestone would be $400 - $450. Motion by LaFore, seconded by Ball, to approve up to $450.00 for limestone for the approach and around the barn, in the Historical Village, in preparation for the Grand Opening. All yeas Motion passes MISCELLANEOUS MATTER FROM THE DIRECTOR Director Moore – working to finalize the sign spec and the school signs. - Star brewery will be opening shortly - A new Yoga Studio will be going in where the John Frank law office was located. - Road projects will begin next week. CHAIRMAN AND AUTHORITY MEMBERS Reindel – Commented on the poor condition of the Main Stop Party Store awning. Other TIFA members mentioned seeing recent activity on the awnings at this location. ADJOURNMENT Motion by Reindel, supported by Hebel, to adjourn the Tax Increment Finance Authority meeting at 7:33 p.m. All yeas Motion passes Respectfully Submitted: Karen Stagl City Clerk Page 3|3 TIFA: 04/24/2019