===== PDF PAGE 59 ===== [Extraction: OCR (rendered-page OCR)] CITY OF WEST CHICAGO CITY COUNCIL AGENDA ITEM SUMMARY ITEM TITLE: AGENDA ITEM NUMBER: A Resolution Declaring the City of West Chicago’s Official Intent to Reimburse FILE NUMBER: Expenditures (Downtown TIF District No. 2) COMMITTEE AGENDA DATE: None Resolution No. 21-R-0106 COUNCIL AGENDA DATE: December 20, 2021 Z>- STAFF REVIEW: Tom Dabareiner, AICP SIGNATURE AD CITY ADMINISTRATOR REVIEW: Michael Guttman SIGNATURE ITEM SUMMARY: At its meeting of July 19, 2021 the City Council approved an Agreement with Kane McKenna and Associates, Inc. to assist in the process of extinguishing the existing Downtown Tax Increment Finance (TIF) District and conducting an analysis to determine the feasibility of creating and certifying a new, smaller and more concise Downtown TIF 2 District. As was noted at that point, it has long been planned that the current Downtown TIF District, which is nearing its completion, would need to be re-defined in order to promote the redevelopment of the Downtown and take advantage of development opportunities that have presented themselves. Pursuant to the requirements of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. (“TIF Act”), the City would need to approve a Resolution to reimburse expenditures incurred prior to the certification of a Downtown TIF 2 District in order to finance redevelopment project costs associated with the new TIF District. The City’s Attorney has drafted a Resolution to this effect for the City Council’s review and consideration. ACTIONS PROPOSED: Review and approval of Resolution No. 21-R-0106. COMMITTEE RECOMMENDATION: None ===== PDF PAGE 60 ===== [Extraction: OCR (rendered-page OCR)] Resolution No. 21-R-0106 A RESOLUTION DECLARING THE CITY OF WEST CHICAGO’S OFFICIAL INTENT TO REIMBURSE EXPENDITURES (DOWNTOWN TIF DISTRICT NO. 2) WHEREAS, the City of West Chicago (“City”) is a home rule municipality organized under the Illinois Constitution and the laws of the State of Illinois; and WHEREAS, the City is authorized, under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. (“TIF Act”), to finance redevelopment project costs, as defined in Section 3(q) of the TIF Act, 65 ILCS 5/11-74.4- 3(q) (“TIF Project Costs”), in connection with redevelopment project areas established in accordance with the requirements of the TIF Act; and WHEREAS, on July 19, 2021, the Mayor and City Council of the City authorized moving forward with a feasibility study under the TIF Act (“Feasibility Study”), to determine if the area set forth in EXHIBIT A attached hereto and made a part hereof, (“Proposed Redevelopment Project Area”), may be designated as a redevelopment project area under the TIF Act; and WHEREAS, as a result of the authorization of the Feasibility Study, the City has been and will be expending funds for TIF Project Costs which, if the Proposed Redevelopment Project Area is established as a tax increment financing district (“TIF district”) pursuant to the TIF Act, would be reimbursable from TIF incremental revenues generated from properties within the Proposed Redevelopment Project Area (“TIF Expenditures”); and 500763_3 1 ===== PDF PAGE 61 ===== [Extraction: OCR (rendered-page OCR)] WHEREAS, the City reasonably expects to reimburse itself for TIF Expenditures from tax increment financing incremental revenues generated by properties within the Proposed Redevelopment Project Area (“TIF Revenues”) and / or from the proceeds of debt obligations to be issued by the City (“Debt Obligations”) in relation to the TIF Expenditures, should a TIF district be established in the Proposed Redevelopment Project Area, in an amount not to exceed One Million and No/100 Dollars ($1,000,000.00); and WHEREAS, on October 25, 2021, Scannell Properties, a Limited Liability Corporation (“Developer”), submitted an initial proposal for the redevelopment of property within the Study Area located generally at 461 Main Street, 447 Main Street, 441 Main Street, 435 Main Street, 419-421 Main Street, 411 Main Street, 405 Main Street, 331 Main Street, 327 Main Street, 321 Main Street, 305 Main Street, 144 Chicago Street, 120 Chicago Street, 202 Chicago Street, 206 Chicago Street, 302 High Street, 308-310 High Street, 314 High Street, 322 High Street and 328 High Street, West Chicago, Illinois, consisting of approximately Four and One Tenth (4.10) acres of property (“Project”); and WHEREAS, the Developer has requested that the City consider paying for certain of the Developer's TIF Expenditures required to implement the Project from TIF Revenues incurred prior to creation of a TIF district within the Study Area, if the City creates a TIF district within the Study Area; and WHEREAS, if a TIF district is created within the Study Area, and if the Project is approved by the City, the City and the Developer desire to attempt to negotiate a redevelopment agreement containing such terms as are necessary for the completion of the Project by the Developer (“Redevelopment Agreement”); and 500763_3 2 ===== PDF PAGE 62 ===== [Extraction: OCR (rendered-page OCR)] WHEREAS, if the Redevelopment Agreement is approved by the City, the City expects to pay, or reimburse, the Developer for a portion of the Project costs which are TIF Expenditures from TIF Revenues; and WHEREAS, the Developer has stated that without the payment or reimbursement of TIF Revenues from the City to the Project, the Developer cannot complete the Project; and WHEREAS, the Developer: (i) reasonably expects that it will pay or incur TIF Expenditures in connection with the Project prior to formal approval and execution of the Redevelopment Agreement; (ii) reasonably expects that it will use funds from sources other than TIF Revenues which are or will be available on a short-term basis to pay for such TIF Expenditures prior to the approval of a Redevelopment Agreement; and (iii) desires reimbursement for the use of some of its capital expenses in connection with the Project; and WHEREAS, the City reasonably anticipates the expenditure of TIF Revenues, in connection with the redevelopment of the Project site by the Developer prior to creation of a TIF district in the Study area in an amount not to exceed Five Hundred Thousand and No/100 Dollars ($500,000.00); and WHEREAS, a purpose of this Resolution is to induce the Developer to pay or incur certain TIF Expenditures in connection with the Project prior to creation of a TIF district within the Study Area and prior to formal approval and execution of the Redevelopment Agreement, thereby advancing the purposes of the TIF Act; 500763_3 3 ===== PDF PAGE 63 ===== [Extraction: OCR (rendered-page OCR)] WHEREAS, the City, acting on its own behalf, may issue Debt Obligations relative to the TIF Expenditures, and if so, may use the proceeds thereof to reimburse itself or the Developer for, or pay the costs of, the TIF Expenditures; NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of West Chicago, DuPage County, Illinois: SECTION 1: Recitals. That the recitals set forth above are hereby incorporated herein by reference and made a part hereof. SECTION 2: Official Intent. That the City hereby declares its official intent to use TIF Revenues, and / or the proceeds of the Debt Obligations, in an amount not to exceed One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00), for the purpose of paying, or reimbursing the City and / or the Developer for, the TIF Expenditures, and to issue said Debt Obligations in relation thereto. The City also declares its intention to negotiate and enter into the Redevelopment Agreement with the Developer which may provide for, inter alia, reimbursement from TIF Revenues of certain TIF Expenditures, paid or incurred by the Developer prior to the effective date of the Redevelopment Agreement. The City acknowledges that, in order to keep the Project moving forward on an acceptable schedule, it will be necessary for the Developer to incur some eligible redevelopment project costs prior to negotiation, approval and execution of the Redevelopment Agreement. SECTION 3: No Reliance. That neither the Developer nor any other party is entitled to rely on this Resolution as a commitment by the City to approve the Project, to enter into the Redevelopment Agreement, or to create a TIF district within the Study Area, and the City reserves the right in its sole and absolute discretion to not approve the 500763_3 4 ===== PDF PAGE 64 ===== [Extraction: OCR (rendered-page OCR)] Project, to not enter into the Redevelopment Agreement or to not create a TIF district within the Study Area, and in such event the City shall not be subject to any liability or damages of any nature. Neither the Developer nor anyone claiming by or through the Developer shall have any claim against the City as a result of any decision by the City not to approve the Project, to not enter into the Redevelopment Agreement or to not create a TIF district within the Study Area. SECTION 4: Reimbursement. That the City reasonably expects to reimburse itself and / or the Developer from TIF Revenue and / or the proceeds of said Debt Obligations, issued by or on behalf of the City, for costs of the TIF Expenditures paid prior to the receipt of said TIF Revenues or the issuance of said Debt Obligations. SECTION 5: Severability. That if any section, paragraph, clause or provision of this Resolution shall be held invalid, the invalidity thereof shall not affect the other provisions of this Resolution. . SECTION 6: Conflicts. That all resolutions in conflict with this Resolution are hereby repealed to the extent of such conflict. SECTION 7: Effectiveness. That this Resolution shall be in full force and effect from and after its adoption and approval as provided by law. PASSED this 20th day of December, 2021, pursuant to a roll call vote as follows: AYES: NAYS: ABSENT: 500763_3 5) ===== PDF PAGE 65 ===== [Extraction: OCR (rendered-page OCR)] APPROVED by me this 20th day of December, 2021. Ruben Pineda, City Mayor ATTEST: Nancy Smith, City Clerk 500763_3 6 ===== PDF PAGE 66 ===== [Extraction: OCR (rendered-page OCR)] EXHIBIT A MAP OF THE PROPOSED REDEVELOPMENT PROJECT AREA (attached) <= NELTNOR BLVD GRAND TAKE BLVD = jl j 18 GRAND LAKE BV 4 = all AVE g | X \-® i €. EH 5 FAIRVIEW AVE a eee S 3 = =a : ‘ TORRE 0 YORK AVE By = eo ina ‘aca! aa # (10 Yy > VERGIE PL Ya iW \ rh | | is “pC YMOUTH GT \ i | ic ELLA = 3 INELL Al ME CONEL 5 z 4 { arin \ a 3 et E Eveaer} 2 a ar z \ : 5 3 M | Z\ WASHINGTON Stu. | e yee | " a NA = 53 3 A SG i | S 5) he AG SUMMIT AVE Bal NELTNOR BLVD K ‘ : z : \ x \ A | S GOLEORO_AVE | GENEVA ST sr i Cm a) NELTNOR BLVD . Ey T 2 tie ax ti z $ a Fel / my a ae 8 z os NI i | Al LK | > mi a “SPENCER ST e RK Piolo ies P}—| Ea 4 .! €R sy CITY OF WEST CHICAGO- A ta 2 i DOWNTOWN TIF 2 N | ry Fi F a bl ee =| CI Date: 102872021 L eels LI aT at a re ee a cee nen aia ie 500763_3 7 ——1._ oT / / ===== PDF PAGE 67 ===== [Extraction: OCR (rendered-page OCR)] Trem * &. Q. RESOLUTION NO. 21-R-0108 A RESOLUTION MAKING A DETERMINATION RELATIVE TO THE RELEASE OF EXECUTIVE SESSION MINUTES PURSUANT TO THE ILLINOIS OPEN MEETINGS ACT WHEREAS, the City Council of the City of West Chicago met from time to time in executive session for purposes authorized by the Illinois Open Meetings Act; and, WHEREAS, as required by the Act, the City Clerk has kept written minutes of all such executive sessions; and, WHEREAS, pursuant to the requirements of the Open Meetings Act, the City Council has met in executive session to review all executive session minutes; and, WHEREAS, the City Council, at its December 6, 2021 meeting, has determined that no new minutes are to be released as a need for confidentiality still exists. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Chicago, Illinois, as follows: SECTION 1. No new Executive Session Minutes are hereby released for public inspection. SECTION 2. This resolution shall be in full force and effect from and after its adoption and approval. APPROVED AND ADOPTED this 20" day of December, 2021. AYES: NAYS: ABSTAIN: ABSENT: Ruben Pineda, Mayor ATTEST: Nancy M. Smith, City Clerk ===== PDF PAGE 68 ===== [Extraction: OCR (rendered-page OCR)] Trem # &. K. RESOLUTION NO. 21-R-0109 A RESOLUTION AUTHORIZING THE DESTRUCTION OF AUDIO RECORDINGS OF CERTAIN CLOSED MEETINGS WHEREAS, Section 2.06 (a) of the Illinois Open Meetings Act, 5 ILCS 120/2.06 (a), requires public bodies to audio or video record their closed meetings; and WHEREAS, the City Council of the City of West Chicago has complied with that requirement; and WHEREAS, Section 2.06 (b) the Open Meetings Act, 5 ILCS 120/2.06 (b), permits a public body to destroy the verbatim record of closed meetings without notification to or the approval of a records commission or the State Archivist not less than eighteen (18) months after the completion of the meeting recorded, but only after: 1. It approves the destruction of a particular recording; and 2. It approves the written minutes of the closed meeting in compliance with Section 2.06 (a) of the Open Meetings Act. WHEREAS, for the verbatim record by tape of the closed meeting(s) set forth in Section 2 below of this Resolution, at least eighteen (18) months have passed since the completion of those meetings, and, further, the City Council has approved written minutes for each of those meetings; and WHEREAS, a body may order the destruction of the verbatim record even if it continues to withhold the approved written minutes of the closed meeting until some later period of time; and WHEREAS, the City Council is unaware of any judicial or administrative causes of action imminent or pending that would require judicial examination pursuant to Section 2.06 (e), 5 ILCS 5/2.06 (e), of the verbatim record of the meetings set forth in Section 2 below. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST CHICAGO, DUPAGE COUNTY, ILLINOIS, in regular session assembled as follows: Section 1. Foregoing recitals are incorporated herein by reference. Section 2. Based upon said recitals, the City Council hereby orders the City Clerk to destroy the verbatim record being an audio tape of the following closed meetings: Resolution No. 21-R-0109 Page 1 of 2 ===== PDF PAGE 69 ===== [Extraction: OCR (rendered-page OCR)] 2020 February 3, 2020 February 17, 2020 Section 3. This Resolution shall be in full force and effect immediately upon its passage. APPROVED AND ADOPTED this 20" day of December, 2021. AYES: NAYS: ABSTAIN: ABSENT: Ruben Pineda, Mayor ATTEST: Nancy M. Smith, City Clerk Resolution No. 21-R-0109 Page 2 of 2