===== PDF PAGE 1 ===== [Extraction: embedded PDF text] JOINT REVIEW BOARD MEETING DOWNTOWN TAX INCREMENT FINANCE DISTRICT WEDNESDAY, JULY 5, 2023 – 2:35 P.M. 475 MAIN STREET, WEST CHICAGO, ILLINOIS COUNCIL CHAMBERS AGENDA 1. Call to Order 2. Roll Call 3. Approval of November 30, 2022 Minutes 4. Review of FY 2021 Annual TIF Report 5. Public Comment 6. Adjournment ===== PDF PAGE 2 ===== [Extraction: embedded PDF text] MINUTES JOINT REVIEW BOARD MEETING DOWNTOWN TAX INCREMENT FINANCE DISTRICT Wednesday, November 30, 2022 1. Call to Order. Michael Guttman called the meeting to order at 2:15 P.M. 2. Roll Call and Establishment of a Quorum. Roll call found in attendance: Karen Apostoli of West Chicago Elementary School District 33, Dan Oberg of West Chicago School District 94, Nicole Prater of Winfield Township, Gina Radun of West Chicago Park District, Patrick Tanner of West Chicago Fire Protection District, Benjamin Weseloh of West Chicago Public Library District, Paul Hoss of DuPage County, Vince Malina of Rite-Way Automotive (Public Member), and Michael Guttman of City of West Chicago. Others in attendance included: Tom Dabareiner and Kelley Chrisse both of City of West Chicago. 3. Approval of October 7, 2021 Minutes. A motion was made by the West Chicago Public Library District and seconded by the West Chicago Fire Protection District to approve the minutes from the October 7, 2021 Joint Review Board meeting. The motion was approved unanimously via voice vote. 4. Review of FY 2020 Annual TIF Report. Kelley Chrisse reviewed the background of the existing Downtown TIF District and gave an overview of the FY 2020 Annual TIF Report. The beginning FY 2020 TIF fund balance was $931,225 with limited special events during the year due to the pandemic. While there were six Façade Grants awarded during 2020, only one project received reimbursement for having completed the project during the reporting period. Typical expenses included City Museum Management services as well as property taxes for properties owned by the City that were being leased. The fund balance at the end of 2020 was $1,191,714. Joint Review Board Meeting Minutes November 30, 2022 Page 1 of 2 ===== PDF PAGE 3 ===== [Extraction: embedded PDF text] Ms. Chrisse explained that there are some upcoming expenses that will be paid out in future years, which include Façade Grants, a Retail & Restaurant Grant as well as the remaining balance to fully reimburse the Public Benefit Fund for prior land acquisition. Ms. Chrisse described the status of development inquiries and concepts that have been put on pause due to the current market conditions. Due to the termination of this TIF District at the end of 2021, an inquiry was made as to how the previously awarded Façade Grants are being funded. Mr. Guttman explained that they have been budgeted for through the General Fund until such time as Downtown TIF #2 generates increment. 5. Public Comment. None. 6. Adjournment. The West Chicago Library District made a motion to adjourn, which was seconded by the Winfield Township. The motion carried unanimously via voice vote and the meeting adjourned 2:20pm. Joint Review Board Meeting Minutes November 30, 2022 Page 2 of 2 ===== PDF PAGE 4 ===== [Extraction: OCR (rendered-page OCR)] FY 2021 ANNUAL TAX INCREMENT FINANCE STATE OF ILLINOIS REPORT COMPTROLLER SUSANA A. MENDOZA Name of Municipality: City of West Chicago Reporting Fiscal Year: 2021 County: DuPage Fiscal Year End: 12/31/2021 Unit Code: 022/115/30 | FY 2021 TIF Administrator Contact Information First Name: Kelley Last Name: Chrisse Address: 475 Main St Title: Economic Development Coordinator Telephone: 630-818-3331 City: West Chicago Zip: 60185 E-mail- required kchrisse@westchicago.org | attest to the best of my knowledge, that this FY 2021 report of the redevelopment project area(s) in the City/Village of: West Chicago is complete and accurate pursuant to Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] and or Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]. I Chume 5.10. 33 Written signature of TIF Administrator Date Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)*) FILL OUT ONE FOR EACH TIF DISTICT Name of Redevelopment Project Area Date Designated Date Terminated MMI/DD/YYYY MMI/DD/YYYY West Chicago Downtown Redevelopment Project Area 5/21/1990 12/31/2021 ——— L *All statutory citations refer to one of two sections of the Illinois Municipal Code: The Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.] ===== PDF PAGE 5 ===== [Extraction: embedded PDF text] SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.] FY 2021 Name of Redevelopment Project Area (below): West Chicago Downtown Redevelopment Project Area Primary Use of Redevelopment Project Area*: * Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed. Central Business District, Retail, Other Commercial, If "Combination/Mixed" List Component Types: Residential Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one): Tax Increment Allocation Redevelopment Act X Industrial Jobs Recovery Law ______ Please utilize the information below to properly label the Attachments. No Yes Were there any amendments to the redevelopment plan, the redevelopment project area, or the State Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (1) and 5/11-74.6-22 (d) (1)] X If yes, please enclose the amendment (labeled Attachment A). Certification of the Chief Executive Officer of the municipality that the municipality has complied with all of the requirements of the Act during the preceding fiscal year. [65 ILCS 5/11-74.4-5 (d) (3) and 5/11-74.6-22 (d) (3)] X Please enclose the CEO Certification (labeled Attachment B). Opinion of legal counsel that municipality is in compliance with the Act. [65 ILCS 5/11-74.4-5 (d) (4) and 5/11-74.6-22 (d) (4)] Please enclose the Legal Counsel Opinion (labeled Attachment C). X Statement setting forth all activities undertaken in furtherance of the objectives of the redevelopment plan, including any project implemented and a description of the redevelopment activities. [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A X and B)] If yes, please enclose the Activities Statement (labled Attachment D). Were any agreements entered into by the municipality with regard to the disposition or redevelopment of any property within the redevelopment project area or the area within the State Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (7) (C) and 5/11-74.6-22 (d) X (7) (C)] If yes, please enclose the Agreement(s) (labeled Attachment E). Is there additional information on the use of all funds received under this Division and steps taken by the municipality to achieve the objectives of the redevelopment plan? [65 ILCS 5/11-74.4-5 (d) (7) (D) and 5/11-74.6-22 (d) (7) (D)] X If yes, please enclose the Additional Information (labeled Attachment F). Did the municipality's TIF advisors or consultants enter into contracts with entities or persons that have received or are receiving payments financed by tax increment revenues produced by the same TIF? [65 ILCS 5/11-74.4-5 (d) (7) (E) and 5/11-74.6-22 (d) (7) X (E)] If yes, please enclose the contract(s) or description of the contract(s) (labeled Attachment G). Were there any reports submitted to the municipality by the joint review board? [65 ILCS 5/11-74.4-5 (d) (7) (F) and 5/11-74.6-22 (d) (7) (F)] X If yes, please enclose the Joint Review Board Report (labeled Attachment H). Were any obligations issued by the municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and 5/11-74.6-22 (d) (8) (A)] X If yes, please enclose any Official Statement (labeled Attachment I). If Attachment I is answered yes, then the Analysis must be attached and (labeled Attachment J). An analysis prepared by a financial advisor or underwriter setting forth the nature and term of obligation and projected debt service including required reserves and debt coverage. [65 ILCS 5/11-74.4-5 (d) (8) (B) and 5/11-74.6-22 (d) (8) (B)] X If attachment I is yes, then Analysis MUST be attached and (labeled Attachment J). Has a cumulative of $100,000 of TIF revenue been deposited into the special tax allocation fund? 65 ILCS 5/11-74.4-5 (d) (2) and 5/11-74.6-22 (d) (2) X If yes, please enclose Audited financial statements of the special tax allocation fund (labeled Attachment K). Cumulatively, have deposits of incremental taxes revenue equal to or greater than $100,000 been made into the special tax allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)] If yes, the audit report shall contain a letter from the independent certified public accountant indicating compliance or X noncompliance with the requirements of subsection (q) of Section 11-74.4-3 (labeled Attachment L). A list of all intergovernmental agreements in effect to which the municipality is a part, and an accounting of any money transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d) X (10)] If yes, please enclose the list only, not actual agreements (labeled Attachment M). ===== PDF PAGE 6 ===== [Extraction: embedded PDF text] SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d)(5)(a)(b)(d)) and (65 ILCS 5/11-74.6-22 (d) (5)(a)(b)(d)) Provide an analysis of the special tax allocation fund. FY 2021 West Chicago Downtown Redevelopment Project Area Special Tax Allocation Fund Balance at Beginning of Reporting Period $ 1,191,714 Cumulative Revenue/Cash Totals of Receipts for SOURCE of Revenue/Cash Receipts: Revenue/Cash Current Receipts for life Reporting Year of TIF % of Total Property Tax Increment $ 1,200,651 $ 21,859,185 92% State Sales Tax Increment 0% Local Sales Tax Increment 0% State Utility Tax Increment 0% Local Utility Tax Increment 0% Interest $ 849,322 4% Land/Building Sale Proceeds 0% Bond Proceeds 0% Transfers from Municipal Sources 0% Private Sources 0% $ 447,224 $ 982,689 4% All Amount Deposited in Special Tax Allocation Fund $ 1,647,875 Cumulative Total Revenues/Cash Receipts $ 23,691,196 100% Total Expenditures/Cash Disbursements (Carried forward from $ 726,839 Section 3.2) Transfers to Municipal Sources $ 1,220,000 Distribution of Surplus Total Expenditures/Disbursements $ 1,946,839 Net/Income/Cash Receipts Over/(Under) Cash Disbursements $ (298,964) Previous Year Adjustment (Explain Below) $ - . FUND BALANCE, END OF REPORTING PERIOD* $ 892,750 * If there is a positive fund balance at the end of the reporting period, you must complete Section 3.3 Previous Year Explanation: ===== PDF PAGE 7 ===== [Extraction: embedded PDF text] SECTION 3.2 A- (65 ILCS 5/11-74.4-5 (d) (5) (c) and 65 ILCS 5/11-74.6-22 (d) (5)(c)) FY 2021 TIF NAME: West Chicago Downtown Redevelopment Project Area ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND (by category of permissible redevelopment project costs ) PAGE 1 Category of Permissible Redevelopment Cost [65 ILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-10 (o)] Amounts Reporting Fiscal Year 1. Cost of studies, surveys, development of plans, and specifications. Implementation and administration of the redevelopment plan, staff and professional service cost. Operational Salaries 48,930 Legal Fees 7,270 Grounds Maintenance 14,680 Other Contractural Services 81,635 $ 152,515 2. Annual administrative cost. Administrative Salaries 179,306 Administrative Salaries - Overtime 5,024 FICA and Medicare 17,387 Health and Pension Benefits 94,329 Telephone and Alarms 16,895 $ 312,941 3. Cost of marketing sites. Special Events 48,883 Postage 350 $ 49,233 4. Property assembly cost and site preparation costs. Land 56,288 $ 56,288 5. Costs of renovation, rehabilitation, reconstruction, relocation, repair or remodeling of existing public or private building, leasehold improvements, and fixtures within a redevelopment project area. Façade Improvement Grant Program 19,133 $ 19,133 6. Costs of the constructuion of public works or improvements. Building Grounds Improvement 41,310 Streetscape Improvements 8,927 $ 50,237 ===== PDF PAGE 8 ===== [Extraction: embedded PDF text] SECTION 3.2 A PAGE 2 7. Costs of eliminating or removing contaminants and other impediments. $ - 8. Cost of job training and retraining projects. $ - 9. Financing costs. Debt Service Interest and Fiscal Charges 69 $ 69 10. Capital costs. $ - 11. Cost of reimbursing school districts for their increased costs caused by TIF assisted housing projects. $ - 12. Cost of reimbursing library districts for their increased costs caused by TIF assisted housing projects. $ - ===== PDF PAGE 9 ===== [Extraction: embedded PDF text] SECTION 3.2 A PAGE 3 13. Relocation costs. $ - 14. Payments in lieu of taxes. $ - 15. Costs of job training, retraining, advanced vocational or career education. $ - 16. Interest cost incurred by redeveloper or other nongovernmental persons in connection with a redevelopment project. $ - 17. Cost of day care services. $ - 18. Other. Payment to Taxing Bodies 86,423 $ 86,423 TOTAL ITEMIZED EXPENDITURES $ 726,839 ===== PDF PAGE 10 ===== [Extraction: embedded PDF text] Section 3.2 B FY 2021 TIF NAME: West Chicago Downtown Redevelopment Project Area Optional: Information in the following sections is not required by law, but would be helpful in creating fiscal transparency. List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year. Name Service Amount Allocate Call One Telephone Provider $ 16,895.47 Classic Landscape LTD Landscape Services $ 14,680.00 DuPage County 2020 Property Taxes $ 56,288.42 Five Alarm Fireworks Event Fireworks $ 14,558.00 H&H Specialty Façade Grant Reimbursement $ 14,725.00 Kane, McKenna & Associates RFP & Incentive Analyses $ 25,875.00 Matchoa Associates Architectural Design Services $ 34,085.00 Phalen Consulting, Inc. City Museum Management Services $ 44,100.00 West Chicago Elementary School District #33 Redevelopment Support $ 47,004.63 West Chicago High School District #94 Redevelopment Support $ 22,675.26 West Chicago Capital Improvement Fund Transfer $ 750,000.00 West Chicago General Fund Transfer $ 400,000.00 West Chicago Public Benefit Fund Transfer $ 70,000.00 ===== PDF PAGE 11 ===== [Extraction: embedded PDF text] SECTION 3.3 - (65 ILCS 5/11-74.4-5 (d) (5d) 65 ILCS 5/11-74.6-22 (d) (5d) Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period by source FY 2021 TIF NAME: West Chicago Downtown Redevelopment FUND BALANCE BY SOURCE $ 892,750 Amount of Original Issuance Amount Designated 1. Description of Debt Obligations Total Amount Designated for Obligations $ - $ - 2. Description of Project Costs to be Paid Façade Grants Awarded but Not Yet Reimbursed $ 23,667 Retail & Restaurant Grant Awarded but Not Yet Reimbursed $ 10,000 Central-Main St Redevelopment Plan Implementation $ 100,000 Future Projects, e.g. stormwater $ 2,000,000 Total Amount Designated for Project Costs $ 2,133,667 TOTAL AMOUNT DESIGNATED $ 2,133,667 SURPLUS/(DEFICIT) $ (1,240,917) ===== PDF PAGE 12 ===== [Extraction: embedded PDF text] SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)] FY 2021 TIF NAME: West Chicago Downtown Redevelopment Project Area Provide a description of all property purchased by the municipality during the reporting fiscal year within the redevelopment project area. Check here if no property was acquired by the Municipality within X the Redevelopment Project Area. Property Acquired by the Municipality Within the Redevelopment Project Area. Property (1): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (2): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (3): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (4): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (5): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (6): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (7): Street address: Approximate size or description of property: Purchase price: Seller of property: Property (8): Street address: Approximate size or description of property: Purchase price: Seller of property: ===== PDF PAGE 13 ===== [Extraction: embedded PDF text] SECTION 5 - 20 ILCS 620/4.7 (7)(F) PAGE 1 FY 2021 TIF Name: West Chicago Downtown Redevelopment Project Area Page 1 is to be included with TIF report. Pages 2 and 3 are to be included ONLY if projects are listed. Select ONE of the following by indicating an 'X': 1. NO projects were undertaken by the Municipality Within the Redevelopment Project Area. 2. The Municipality DID undertake projects within the Redevelopment Project Area. (If selecting this option, Xcomplete 2a.) 2a. The total number of ALL activities undertaken in furtherance of the objectives of the redevelopment 9 plan: LIST ALL projects undertaken by the Municipality Within the Redevelopment Project Area: Estimated Investment for Subsequent Fiscal Total Estimated to TOTAL: 11/1/99 to Date Year Complete Project Private Investment Undertaken (See Instructions) $ 20,260,087 $ 25,000 $ 17,800,000 Public Investment Undertaken $ 17,813,941 $ 723,667 $ 3,030,000 Ratio of Private/Public Investment 1 7/51 5 7/8 *PROJECT NAME TO BE LISTED AFTER PROJECT NUMBER Project 1*: Façade Program Private Investment Undertaken (See Instructions) $ 1,095,653 $ 25,000 $ 300,000 Public Investment Undertaken $ 839,410 $ 23,667 $ 30,000 Ratio of Private/Public Investment 1 29/95 10 Project 2*: Metra Connection for Parking Lot Private Investment Undertaken (See Instructions) $ 1,052,000 Public Investment Undertaken $ 278,000 Ratio of Private/Public Investment 3 40/51 0 Project 3*: East Main Street Redevelopment Project Phase I Private Investment Undertaken (See Instructions) $ 7,314,742 Public Investment Undertaken $ 150,000 Ratio of Private/Public Investment 48 13/17 0 Project 4*: Clayton Street Redevelopment Private Investment Undertaken (See Instructions) $ 497,692 Public Investment Undertaken $ 150,000 Ratio of Private/Public Investment 3 7/22 0 Project 5*: Stairway Construction Private Investment Undertaken (See Instructions) Public Investment Undertaken $ 250,000 Ratio of Private/Public Investment 0 0 Project 6*: East Main Street Redevelopment Project Phase II Private Investment Undertaken (See Instructions) $ 10,000,000 Public Investment Undertaken $ 1,500,000 Ratio of Private/Public Investment 6 2/3 0 ===== PDF PAGE 14 ===== [Extraction: embedded PDF text] PAGE 2 **ATTACH ONLY IF PROJECTS ARE LISTED** Project 7*: Redevelopment of SW Corner of Route 59/Main Street Private Investment Undertaken (See Instructions) $ 300,000 Public Investment Undertaken $ 200,000 Ratio of Private/Public Investment 1 1/2 0 Project 8*: West Washington Street Redevelopment Project Phase I Private Investment Undertaken (See Instructions) $ 7,500,000 Public Investment Undertaken $ 10,834,969 $ 600,000 $ 2,000,000 Ratio of Private/Public Investment 0 3 3/4 Project 9*: Central Main Street Redevelopment Plan Private Investment Undertaken (See Instructions) $ 10,000,000 Public Investment Undertaken $ 3,611,562 $ 100,000 $ 1,000,000 Ratio of Private/Public Investment 0 10 Project 10*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 Project 11*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 Project 12*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 Project 13*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 Project 14*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 Project 15*: Private Investment Undertaken (See Instructions) Public Investment Undertaken Ratio of Private/Public Investment 0 0 ===== PDF PAGE 15 ===== [Extraction: embedded PDF text] Optional: Information in the following sections is not required by law, but would be helpful in evaluating the performance of TIF in Illinois. *even though optional MUST be included as part of the complete TIF report SECTION 6 FY 2021 TIF NAME: West Chicago Downtown Redevelopment Project Area Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project area Year redevelopment project area was Reporting Fiscal Year designated Base EAV EAV 1990 $ 8,708,160 List all overlapping tax districts in the redevelopment project area. If overlapping taxing district received a surplus, list the surplus. X Check if the overlapping taxing districts did not receive a surplus. Surplus Distributed from redevelopment Overlapping Taxing District project area to overlapping districts DuPage County $ - Forest Preserve District of DuPage County $ - DuPage Airport Authority $ - Winfield Township $ - Winfield Township Road $ - West Chicago Park District $ - West Chicago Fire Protection District $ - West Chicago Mosquito District $ - West Chicago Library District $ - Grade School District #33 $ - High School District #94 $ - Junior College District #502 $ - $ - SECTION 7 Provide information about job creation and retention: Description and Type Number of Jobs Number of Jobs (Temporary or Retained Created Permanent) of Jobs Total Salaries Paid $ - $ - $ - $ - $ - $ - $ - SECTION 8 Provide a general description of the redevelopment project area using only major boundaries: Generally bounded on the north by Washington St between Easton Ave & Aurora St; on the south by the Chicago & NW Railroad approx between Neltnor Blvd & Aurora St extended; on the east by Easton Ave Optional Documents Enclosed Legal description of redevelopment project area X Map of District X ===== PDF PAGE 16 ===== [Extraction: OCR (rendered-page OCR)] ClTY OF WEST CHICAGO WHERE HISTORY & PROGRESS MEET Attachment B May 10, 2023 Rosanna Barbaro-Flores, Director Office of the State Comptroller Local Government Division James R. Thompson Center 100 West Randolph Street, Suite 15-500 Chicago, IL 60601-3252 Subject: Annual TIF Filing — Downtown TIF District Dear Ms. Barbaro-Flores, On behalf of the City of West Chicago, I hereby certify that our community has complied with all the requirements of the Tax Increment Allocation Redevelopment Act, during the fiscal year 2021, for the Downtown TIF District. Enclosed herewith are all of the required documentation your office has requested to verify our compliance with the terms of the Act. Please contact our Economic Development Coordinator, Kelley Chrisse at 630-818-3331 if you have any questions or require additional information to evaluate our submittal. Thank you. ely, Ruben Pineda Mayor pe: Michael Guttman Tom Dabareiner Kelley Chrisse 475 Main Street | T (630) 293-2200 | Ruben Pineda MAYOR West Chicago, Illinois F (630) 293-3028 | 60185 www.westchicago.org Nancy M. Smith Michael L. Guttman CITY CLERK CITY ADMINISTRATOR ===== PDF PAGE 17 ===== [Extraction: embedded PDF text] ATTACHMENT C May 15, 2023 VIA E-MAIL TRANSMISSION Mr. Michael L. Guttman City Administrator City of West Chicago 475 Main Street West Chicago, IL 60185 Re: Downtown Redevelopment Project Area Annual T.I.F. Report – 2021 Our File No. Dear Mr. Guttman: You have requested a legal opinion as to whether the actions the City has undertaken in connection with the Downtown redevelopment project area for the above referenced project are in compliance with the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 et seq.); (hereinafter referred to as the “Act”). In connection with your request, I have reviewed the Ordinances passed by the Corporate Authorities of the City approving the Redevelopment Project Area, approving a Redevelopment Plan and adopting Tax Increment Financing Allocations. I have also reviewed the representations and certifications by the City and the documentation provided by the City in the Annual Tax Increment Finance Report. Based on my review of the foregoing documents and representations, it is my opinion that the City of West Chicago has satisfied, and is in compliance with, the requirements and provisions of the Act during the 2021 Fiscal Year. This opinion is made pursuant to the Act [65 ILCS 5/11- 74.4-4-5(d)(4) and 5/11 74.6-22(d)(7)]. Should you have any questions regarding this matter, please do not hesitate to contact me. Very truly yours, BOND, DICKSON & CONWAY PatrickK.Bond Patrick K. Bond ===== PDF PAGE 18 ===== [Extraction: embedded PDF text] Attachment "D" Downtown Redevelopment Project Area Description of Activities 2021 During the 2021 fiscal year, which runs from January 1, 2021 through December 31, 2021, the City of West Chicago undertook and continued several projects using monies from the Special Tax Allocation Fund. All funds used for these projects have been done to further the objectives of the TIF Redevelopment Plan. The projects are as follows: (1) Special Events: Funds have been used to support multiple special events within the TIF District, as a means to support the businesses within the downtown as well as to bring more residents and non-residents to the area. Again, the objective of creating an environment to enhance investment by the private sector is accomplished through these events. (2) Facade Program: The City sponsors a voluntary grant program whereby property owners within the TIF District can receive matching funds up to $10,000 to improve the facades of their buildings, primarily within the downtown historic district, or up to $30,000 so long as an applicant does not re-apply for funds over a three-year period. This program has generated over $1,300,000 of private investment in the area since its inception. This program addresses many of the goals and objectives as stated in the Redevelopment Plan including the following: create an environment that will encourage rehabilitation of existing structures; emphasizing features, which will help distinguish the area from other parts of the City; and encouraging a high quality appearance of all buildings. (3) Landscape Maintenance and Downtown Beautification: The City has undertaken more-than-routine landscape maintenance activities within the Redevelopment Project Area to enhance the look and feel of the downtown area. These activities have ranged from enhancing the planting areas to more frequent mowing of the grass. The objectives accomplished through this program include encouraging a high quality appearance of all grounds, public rights-of-way and open spaces, as well as emphasize features, which will help distinguish the area form other parts of the City (maintaining a clean mall-like appearance rather than a strip mall shopping district). The stairwells were reconstructed in 2013 and enhanced landscaping was installed in both areas. (4) Central Main Street Redevelopment Project - The City now owns a number of properties in this redevelopment area using money from the Public Benefit Fund and this TIF Fund. As this Fund has grown, the City has used the money to pay back the Public Benefit Fund, which financed nearly $2 million in property acquisitions. This year marks the final repayment to the Public Benefit Fund. The City has been leasing the suitable residential properties until a developer is ready to redevelop the area. With the City being in negotiation with a developer, the leases are planned to be terminated in the upcoming fiscal year. ===== PDF PAGE 19 ===== [Extraction: embedded PDF text] Attachment "D" (5) West Washington Street Redevelopment Project - The City has acquired all of the land in this Redevelopment Area, and work continues on a site plan, which at this time includes a new City Hall, public space, as well as new commercial development fronting Washington Street and Fremont Street. Remediation of historic environmental contaminants has been completed and the City anticipates engaging the development community once a conceptual site plan for the area is complete. (6) The City contracted with an architect to design the renovation of 200 Main Street for use as an art gallery, artist's studios and associated ADA improvements. The construction work to complete the renovation is to be bugdeted and performed in a subsequent fiscal year. ===== PDF PAGE 20 ===== [Extraction: embedded PDF text] Attachment KCITY OF WEST CHICAGO, ILLINOIS Notes to the Financial Statements December 31, 2021 NOTE 3 – DETAIL NOTES ON ALL FUNDS – Continued FUND BALANCE CLASSIFICATIONS – Continued Unassigned Fund Balance. Consists of residual net resources of a fund that has not been restricted, committed, or assigned within the General Fund and deficit fund balances of other governmental funds. Minimum Fund Balance Policy. The City’s budget policy states that General Fund should maintain a minimum fund balance equal to 25% of current budget projected revenue, with a target goal to increase the amount to 35%. The following is a schedule of fund balance classifications for the governmental funds as of the date of this report: Special Revenue Capital TIF Projects Public Special Tax Capital General Benefit Allocation #1 Improvement Nonmajor Totals Fund Balances Nonspendable Prepaids/Inventories $ 110,793 $ - $ - $ 956 $ - $ 111,749 Restricted Motor Fuel Tax 1,798,059 - - - 3,400,000 5,198,059 Public Safety 1,147,083 - - - - 1,147,083 Property Taxes TIF - - 892,750 - 222,698 1,115,448 Public Benefit Projects - 1,046,791 - - - 1,046,791 2,945,142 1,046,791 892,750 - 3,622,698 8,507,381 Assigned Capital Projects - - - 6,800,121 2,123,715 8,923,836 Unassigned 19,250,267 - - - - 19,250,267 Total Fund Balances $ 22,306,202 $ 1,046,791 $ 892,750 $ 6,801,077 $ 5,746,413 $ 36,793,233 . 77 ===== PDF PAGE 21 ===== [Extraction: embedded PDF text] CITY OF WEST CHICAGO, ILLINOIS TIF Special Tax Allocation #1 - Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual For the Fiscal Year Ended December 31, 2021 Budget Original Final Actual Revenues Taxes Property Taxes $ 1,000,000 $ 1,000,000 $ 1,200,651 Interest Income 500 500 - Miscellaneous 5,300 5,300 447,224 Total Revenues 1,005,800 1,005,800 1,647,875 Expenditures General Government 1,019,400 1,019,400 726,770 Debt Service Interest and Fiscal Charges 500 500 69 Total Expenditures 1,019,900 1,019,900 726,839 Excess (Deficiency) of Revenues Over (Under) Expenditures (14,100) (14,100) 921,036 Other Financing Sources Transfers Out - (1,220,000) (1,220,000) Net Change in Fund Balance (14,100) (1,234,100) (298,964) Fund Balance - Beginning 1,191,714 Fund Balance - Ending $ 892,750 108 ===== PDF PAGE 22 ===== [Extraction: embedded PDF text] CITY OF WEST CHICAGO, ILLINOIS TIF Special Tax Allocation #1 - Special Revenue Fund Schedule of Expenditures - Budget and Actual For the Fiscal Year Ended December 31, 2021 Budget Original Final Actual General Government Personal Services Administrative Salaries $ 198,700 $ 198,700 $ 179,306 Operational Salaries 50,000 50,000 48,930 Administrative Salaries - Overtime 5,300 5,300 5,024 FICA and Medicare 19,500 19,500 17,387 Health/Dental/Life Insurance 65,000 65,000 68,960 IMRF 31,600 31,600 25,369 Contractual Services Legal Fees 3,000 3,000 7,270 Memberships/Dues/Subscriptions 500 500 - Legal Notices 1,000 1,000 - Telephone and Alarms 14,000 14,000 16,895 Grounds Maintenance 16,000 16,000 14,680 Other Contractual Services 44,100 44,100 81,635 Payment to Taxing Bodies 110,000 110,000 86,423 Commodities Postage 200 200 350 Special Events 40,000 40,000 48,883 Capital Outlay Building Grounds Improvement 250,000 250,000 41,310 Land 55,000 55,000 56,288 Façade Improvement 90,000 90,000 19,133 Streetscape Programs 5,000 5,000 8,927 Retail Grant Programs 20,000 20,000 - Prospect Development Prospect Development 500 500 - 1,019,400 1,019,400 726,770 Debt Service Interest and Fiscal Charges 500 500 69 Total Expenditures $ 1,019,900 $ 1,019,900 $ 726,839 123 ===== PDF PAGE 23 ===== [Extraction: embedded PDF text] Attachment L REPORT OF INDEPENDENT ACCOUNTANTS April 13, 2023 The Honorable City Mayor Members of the City Council City of West Chicago, Illinois We have examined management’s assertion included in its representation report that the City of West Chicago, Illinois, with respect to the City of West Chicago Downtown Redevelopment Project Area Tax Incremental Financing District, complied with the requirements of subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act (Illinois Public Act 85-1142) during the year ended December 31, 2021. As discussed in that representation report, management is responsible for the City of West Chicago, Illinois’ compliance with those requirements. Our responsibility is to express an opinion on management’s assertion about the City’s compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the City of West Chicago, Illinois’ compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the City of West Chicago, Illinois’ compliance with specified requirements. In our opinion, management’s assertion that the City of West Chicago, Illinois complied with the aforementioned requirements during the year ended December 31, 2021 is fairly stated in all material respects. This report in intended solely for the information and use of the Mayor, City Council, management, and the Illinois Department of Revenue and is not intended to be and should not be used by anyone other than these specified parties. Lauterbach & Amen, LLP LAUTERBACH & AMEN, LLP ===== PDF PAGE 24 ===== [Extraction: OCR (rendered-page OCR)] LEGAL DESCRIPTION OF THE DOWNTOWN REDEVELOPMENT PROJECT AREA The legal description of the Redevelopment Project Area is described as follows: The southwest quarter of Section 3, the southeast quarter of Section 4, the northeast quarter of Section 9 and part of the north half of Section 10, all in Township 39 North, Range 9 East of the Third Principal Meridian in DuPage County, Illinois, described as follows: Beginning at the point of intersection of the northerly right-of-way line of Washington Street and the easterly right-of-way line of Arbor Avenue being also the southwesterly comer of Lot 7 in McConnell's Town of Turner Addition; thence northwesterly along said easterly right-of-way line of Arbor Avenue and said line extended to a point of intersection with the northerly right-of-way line of McConnell Avenue; thence westerly along said northerly right-of-way line of McConnell Avenue extended across Arbor Avenue and along said northerly right-of-way line to a point of intersection with the easterly right-of-way line of Fremont Street; thence northwesterly along said easterly right-of-way line of Fremont Street to a point of intersection with the southerly right-of-way line of York Avenue; thence westerly along said southerly right-of-way line of York Avenue extended across Fremont Street to a property corner being 132 feet, more or less, from the westerly right-of-way line of Fremont Street as measured along said south right-of-way line of York Avenue; thence southeasterly along a property line being parallel with said westerly right-of-way of Fremont Street, a distance of 165 feet, more or less, to a property comer; thence westerly along a property line being parallel with said southerly right-of-way line of York Avenue to the southeasterly corner of J. T. Hosford's Third Addition to Turner; thence continuing westerly along the south line of said J. T. Hosford's Third Addition to a point on a northeasterly line of Lot 1 of Jacobson's Assessment Plat; thence northwesterly along said northeasterly line of Lot 1 of Jacobson's Assessment Plat being also a southwesterly line of Lot 4 in said J. T. Hosford's Third Addition and along said line extended to a point on the northeasterly right-of-way line of the Union Pacific Railway; thence southwesterly along,a line across said Union Pacific Railway right-of-way a distance of approximately 100 feet to a point where the southwesterly line of the right-of-way of the Union Pacific Railway intersects with the easterly line of the right-of-way of the Canadian National Railroad; thence southerly along said easterly right-of-way line of the Canadian National Railway on various courses and distances to a point on a northerly right-of-way line of the Union Pacific Railway said point also being the point of intersection of the westerly right-of-way line of north Aurora Street with said northerly right-of-way line of the Union Pacific Railway; thence westerly along said north line of the Union Pacific Railway right-of-way a distance of 100 feet; thence southerly along a line across said Union Pacific Railway right-of-way and across Washington Street to the point of intersection of the southerly right-of way line of said Washington Street and the easterly right-of-way line of South Aurora Street; thence southerly and southeasterly along said easterly right-of way line of South Aurora Street and along said line extended across the right-of-way of the Burlington Northern Railroad to a point on the southerly right-of-way line of said railroad; thence northeasterly, easterly and southeasterly on various courses and distances along said southerly right-of-way line of the Burlington Northern Railroad and along the southeasterly right-of-way line of the Union Pacific Railway to a point being the northeasterly comer of Lot "B" in College Hill Estates; thence southerly along the easterly line of said Lot "B" in College Hill Estates and said easterly line extended across Geneva Street to a point on the southerly right-of-way line of said Geneva Street; thence easterly, southerly and southeasterly on various courses and distances along said southerly right-of-way line of Geneva Street to a point of intersection with the westerly right-of-way line of Parker Avenue; thence southeasterly along a line to a point on the easterly right-of-way line of said Parker Avenue being a point on the west line of Lot 1 in Parker's Addition to West Chicago a distance of 25 feet northerly of the southwest corner of said Lot 1; thence southeasterly along a line to a point on the south line of said Lot 1 in Parker's Addition, a distance of 60 feet easterly from the southwest corner of said Lot 1; thence easterly along said south line of Lot 1 in Parker's Addition to the southeast corner of said Lot 1, being also the northeast comer of Lot 2 in said Parker's Addition; thence southerly along the east line of said Lot 2 in Parker's Addition to a point a distance of 50 feet northerly from the southeast corner of said Lot 2; thence southeasterly along.a line to a point on the easterly extension of the south line of said Lot 2 in Parker's Addition, a distance of 145.44 feet easterly from the southwest comer of said Lot 2; thence southeasterly along a line to a point on the easterly extension of the south line of Lot 3 in said Parker's Addition, a distance of 161.87 feet easterly from the southwest corner of said Lot 3; thence southwesterly along a line described as ending at a point on the easterly extension of the south line of Lot 9 of said Parker's Addition, a distance of 125.5 feet from the southwest corner of said Lot 9, to a point on said line being 224.96 feet north of its southern terminus as measured on said line; thence southwesterly a distance of 68.02 feet, more or less, along a line to the northeast corner of Lot 7 in said Parker's Addition; thence southwesterly along a line to a point on the south line of said Lot 7 in Parker's Addition being 103.16 feet easterly of the southwest corner of said Lot 7; thence southwesterly along a line to a point on the south line of Lot 9 in said Parker's Addition being 87.08 feet easterly of the southwest comer of said Lot 9 being also a point on the northerly right-of-way line of Spencer Street; the previous seven courses and distances are the westerly right-of-way line of Wilson Avenue as presently dedicated; thence westerly along said northerly right-of-way line of Spencer Street and ===== PDF PAGE 25 ===== [Extraction: OCR (rendered-page OCR)] said northerly line extended westerly across Parker Avenue to a point of intersection of said northerly right-of-way line with the easterly line of Block 1 of Barber's Addition to the Town of Turner extended northerly; thence southerly along said easterly line of Block 1 of Barber's Addition extended northerly and along said easterly line to a point on the northerly right- of-way line Conde Street; thence easterly along said northerly right-of-way line of Conde Street extended across Wilson Avenue, Clayton Street and the former Sycamore Avenue to a point on the easterly right-of-way of said former Sycamore Avenue; thence northerly along said easterly right-of-way line of the former Sycamore Avenue to a point of intersection with the northerly right-of-way line of Spencer Street; thence westerly along said northerly right-of-way line of Spencer Street, a distance of 162.50 feet to the most westerly corner of Lot 1 George R. Knott's Addition to West Chicago; thence northeasterly along the westerly line of said George R. Knott's Addition, a distance of 301.6 feet to a northwesterly corner of said Lot 1 in George R. Knott's Addition; thence easterly along the northerly line of said Lot 1 in George R. Knott's Addition, a distance of 156 feet, more or less, to a corner of the Union Pacific Railway property; thence northeasterly along an easterly line of said Union Pacific Railway property, a distance of 50 feet, more or less, to a point on the southwesterly right-of-way line of said Union Pacific Railway; thence southeasterly along said southwesterly right-of-way line of the Union Pacific Railway on various courses and distances to a point of intersection with the easterly right-of-way line of Illinois State Highway Route 59 (Neltnor Boulevard); thence northerly to the point of intersection of the northeasterly right-of-way line of the Union Pacific Railway with the easterly right-of-way line of said Illinois Route 59; thence northerly and northwesterly along said east right-of-way line of Illinois Route 59 to the point of intersection with the southerly right-of-way line of Hillview Avenue; thence easterly along said southerly right-of-way line of Hillview Avenue to a point of intersection with the easterly right-of-way line of Easton Avenue extended southerly; thence northerly along said easterly right-of-way line of Easton Avenue and said easterly line extended across Hillview Avenue, Main Street and Washington Street to a point on the northerly right-of-way line of said Washington Street; thence westerly along said northerly right-of-way line of Washington Street and said northerly line extended across Illinois Route 59 to the point of intersection with the easterly right-of-way line of Oak Street; thence southwesterly along a line across said Washington Street to the northwesterly corner of Prudential Realty Company's Resubdivision of the Anthony Property; thence southerly along the westerly line of said Prudential Realty Company's Resubdivision of the Anthony Property a distance of 601.02 feet (605.22 feet recorded) to the southwesterly comer of said Resubdivision of the Anthony Property being also a point on the northerly line of Lot 1 of the West Chicago Historical Society Consolidation Plat; thence westerly along said northerly line of Lot ‘ of the West Chicago Historical Society Consolidation Plat to the northwesterly corer of said Lot 1; thence southerly along the westerly lit line of said Lot 1 of the West Chicago Historical Society Consolidation Plat to the southwesterly corner of said Lot 1 being also a point on the northerly right-of-way line of Colford Avenue; thence westerly along said northerly right-of-way line of Colford Avenue to a point of intersection with the easterly line of Lot 14 in Pleasant Hill Addition to West Chicago extended northerly; thence southerly along said easterly line of Lot 14 in Pleasant Hill and said line extended to the southeasterly corner of said Lot 14; thence westerly along the southerly line of said Pleasant Hill Addition to a point on the east line of the west 232 feet of the east 985.38 feet of the northeast quarter of the northwest quarter of Section 10, Township 39 North, Range 9 East of the Third Principal Meridian; thence southerly along said east line of the west 232 feet of the east 985.38 feet of the northeast quarter of the northwest of said Section 10, a distance of 16.5 feet to a point on the north line of the south 231 feet of said west 232 feet; thence westerly along said north line of the south 231 feet, a distance of 232 feet to a point on the west line of said east 985.38 feet of the northeast quarter of the northwest quarter of said Section 10; thence northerly along said west line of the east 985.38 feet, a distance of 16.5 feet to a point on the south line of Colford Subdivision; thence westerly along said south line of Colford Subdivision to a point on the east line of the west 219.78 feet of the northeast quarter of the northwest quarter of Section 10, Township 39 North, Range 9 East of the Third Principal Meridian; thence southerly along said east line of the west 219.78 feet of the northeast quarter of the northwest quarter of said Section 10, a distance of 34.5 feet to a point on the north line of the south 213 feet of said west 219.78 feet; thence westerly along said north line of the south 213 feet, a distance of 219.78 feet to a point on the west line of the northeast quarter of the northwest quarter of said Section 10; thence northerly along said west line of the northeast quarter of the northwest quarter of said Section 10, a distance of 134.9 feet to a point of intersection with the south right. of-way line of Colford Avenue; thence easterly along said south right-of-way line of Colford Avenue to a point of intersection vith the easterly right- of way line of Oakwood Avenue extended southerly: thence northerly along said easterly right-of-way line of Oakwood Avenue and said easterly line extended across Colford Avenue to a point directly east of the most easterly corner of Lot 5 in Block 6 of the Original Town of Turmer; thence west along a line across Oakwood Avenue to said most easterly comer of Lot 5 in Block 6 in the Original Town of Turner being also a point on the northwesterly right-of-way line of Chicago Street; thence southwesterly along said northwesterly right-of-way line of Chicago Street extended across Fulton Street to a point of intersection with the northeasterly right-of-way line of High Street; thence northwesterly along said northeasterly right-of way line of High Street extended across Center Street to a point of intersection with the southeasterly right-of-way line ===== PDF PAGE 26 ===== [Extraction: OCR (rendered-page OCR)] of Galena Street; thence northeasterly along said southeasterly right-of-way line of Galena Street, a distance of 317.1 feet to anortherly corner of Lot 10 in Block 4 of the Original Town of Turner; thence northwesterly across Washington Street along a line at right angles to the last described course to a point on the northerly right-of-way line of said Washington Street; thence westerly along said north right-of-way line of Washington Street to the place of beginning; all in the City of West Chicago, DuPage County, Illinois. ===== PDF PAGE 27 ===== [Extraction: embedded PDF text] AV SO YORK AVE YORK AVE OAK VIRGIE PL INGALTON F PLYMOUTH CT Area MC CONNELL AVE ST AVE ST FR E M GARDEN ON ARBOR SOPHIA WASH T WASHINGTON ST ST ST ST AVEProject ST ST CENTER GALENA FULTON SUMMIT AVE MAIN AVE WASHINGTON ST AURORA ST OAKWOOD ST TURNER HIGHST COLFORD AVE EASTON WOOD CT CHICAGO ST STT S MAIN ST GENEVA ST CHURCHH AVE CRedevlopment U R ST AVE AVE H C 59 EASTON JOLIET ST ALLEN UNION PARKER PACIFIC ROUTE CT RR IL W SPENCER ST WOOD VIE ST AVE ST LL T HI RAILWAYDowntown GEORGE ST BARBER WILSON CLAYTON AVE Name: CENTRAL CONDE ST 9/10/2013 CT Date:DocumentREDEVELOPMENT_AREA_MapA_final ST ANN ST CONDE ST NSIN Y MES ELAND