Joint Review Board Packet 2011 10-25-11 NOTICE OF ANNUAL MEETING OF JOINT REVIEW BOARD
Kendall Township Kendall County
9513 Walker Road 111 West Fox Street
Yorkville,Illinois 60560 Yorkville,Illinois 60560
Waubonsee Community College Dist.#516 Yorkville School District#115
Route 47 at Waubonsee Drive 602 Center Parkway,#A
Sugar Grove,Illinois 60554 Yorkville,Illinois 60560
Bristol-Kendall Fire Protection District United City of Yorkville
103 East Beaver Street 800 Game Farm Road
Yorkville,Illinois 60560 Yorkville,Illinois 60560
Bristol Township Kendall County Forest Preserve
9075 Corneils 110 W Madison Street
Bristol,Illinois 60512 Yorkville,Illinois 60560
YOU ARE HEREBY NOTIFIED that a meeting of the annual Joint Review Board(s)to review the
annual reports for the Fox Industrial Park,US Route 34/IL Route 47 Countryside Shopping Center and Downtown
Tax Increment Financing Redevelopment Project Areas will be convened October 25,2011 at 1:30 p.m.at the
United City of Yorkville,City Hall, 800 Game Farm Road,Yorkville,Illinois 60560.
PLEASE BE ADVISED that the Joint Review Board(s)shall elect or re-elect a public member as well as a
chairperson. In accordance with the provisions of the Tax Increment Allocation Redevelopment Act(the"Act'')(65
ILCS 5/11-74.1-1,et seq.),the Joint Review Board(s)shall review the annual report(s)for the Fox Industrial Park,
US Route 34/IL Route 47 Countryside Shopping Center and Downtown Redevelopment Project Areas.
/s/Beth Warren,City Clerk
AGENDA
ANNUAL JOINT REVIEW BOARD OF THE UNITED CITY OF YORKVILLE
FOR THE FOX INDUSTRIAL,US RTE 34&IL RTE 47 COUNTRYSIDE AND DOWNTOWN
REDEVELOPMENT PROJECT AREAS
October 25,2011 United City of Yorkville, City Hall 1:30 p.m.
800 Game Farm Road, Yorkville,Illinois
1. Roll Call United City of Yorkville
Kendall Township
Kendall County
Kendall County Forest Preserve
Waubonsee Community College Dist.#516
Yorkville School Dist#115
Bristol-Kendall Fire Protection District
Bristol Township
2. Call Meeting To Order
3. Motion to elect or re-elect Public Member
4. Motion to elect or re-elect Chairperson
5. Minutes for Approval
6. Review of Annual Report for Fox Industrial,US Rte 34&IL Rte 47 Countryside and Downtown
Redevelopment Project Areas
7. Discussion
8. Adjournment
Attachment H
FY 2010 Annual Joint Review Board for TIF Districts
Tuesday,March 22, 2011
1:30 p.m.
Yorkville City Hall Conference Room
800 Game Farm Road, Yorkville, IL 60560
Committee Members in Attendance:
Valerie Burd—Mayor, City of Yorkville
Jacqui Parisi—Yorkville CUSD 115
Jeff Wilkins—Kendall County
Dan Koukol—Kendall County Board
Tom Lindblom—Bristol Fire Protection District
City Officials in Attendance:
Bart Olson—City Administrator
Krysti Barksdale-Noble, Community Development Director
Rob Fredrickson—Finance Director
Kathleen Field Orr—City Attorney (arrived later)
Elect Public Member
Rose Spears—unanimously elected
Elect Chair Person
Rob Fredrickson—unanimously elected
Mr. Fredrickson opened the annual meeting with discussion on the Countryside TIF.
Section 3.1 —Gives a summary report of where we are in regard to the fund balance of
the Countryside TIF. Mr. Olson said there is a 23 year time period; the bond itself is a
20-year bond; and right now they are just making the payments on it with proceeds from
the bond. In nine years from now, the City is going to owe money on the bond with any
proceeds left and the City has to make a decision (internally) on what to do with the TIF
and the bonds. It does not necessarily have anything to do with the TIF itself or the
development plan other than the City hopes there will be a building there.
Mr. Fredrickson said if there was no further discussion or questions, he was moving on to
the Downtown TIF. Mayor Burd asked for clarification on whether or not the City was
not front-funding anyone. Mr. Fredrickson and Mr. Olson confirmed they were not. Mr.
Fredrickson then asked everyone to look at Section 3.1 of the Downtown TIF. He briefly
reviewed the figures and said the $136,294 positive fund balance will be used to pay for
improvements in the Downtown area, such as the kayak chute. Mr. Olson said there has
been some discussion at City Council with what we want to do with this money going
forward since a small pot of money is being accumulated (ranging from recreation
improvements—like the playground at River Front Park—to the destruction of another
building in the downtown area). This would actually have a detrimental impact on the
TIF increment.
Mr. Fredrickson asked if there was any further questions or comments on the Downtown
TIF, then moved along to the Fox Industrial TIF. He then went to Section 3.1 to review
the funds. The ending balance, effective April 30, 2010, was $423,352. He said the City
plans to close out this TIF this year owing approximately$150,000 in outstanding debt
service, which we'll pay and leave a surplus of approximately$230,000 which will be
disseminated to the different taxing districts.
Kathleen Field Orr suggested letting the different taxing bodies know when the City was
going to send the check to the County so they can anticipate receiving their share.
Mr. Fredrickson asked for a motion to adjourn; motion was made and seconded; all were
in favor; meeting adjourned.
Minutes respectfully submitted by:
Bonnie Olsem
FY 2011
ANNUAL TAX INCREMENT FINANCE STATE OF ILLINOIS
COMPTROLLER
JUDY BAa TOPMA
Name of Municipality: United City of Yorkville Reporting Fiscal Year: 2011
County: Kendall Fiscal Year End: 04/30/2011
Unit Code: 0471035/30
V
First me: Rob Last Name: Fredrickson .....
Address: 800 Game Farm Road Title: Finance Director
Telephone: .630-553-8534 City: Yorkville Zip: 60560
E-Mail: -rfredrickson@yorkville.1l.us
I attest to the best of my knowledge, this report of the redevelopment project areas in: City
of Yorkville, Illinois
is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation
Redevelopment Act(65 ILCS 5111-74.4-3 et. seg.) Or the Industrial Jobs Recovery Law[66 ILCS 5111-74.6-10 et.
seg.]
Written signature of TIF Administrator Date
Section 1 65 ILCS 5111-74.4-5 (d 1.5) and 65 ILCS 5111-74.6-22 (d) (1.5)*)
..........
Name of Redevelc pment Project Area Date Desionated Date Terminated
United City of Yorkville Tax Increment Financing Redevelopment
Project Area- Fox Industrial Park 5/1012001
*All statutory citations refer to one of two sections of the Illinois Municipal Code: the Tax Increment Allocation
Redevelopment Act[65 ILCS 5111-74.4-3 et, seq.]or the Industrial Jobs Recovery Law[65 ILCS 5111-74.6-10 et.
seg.]
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
Name of Redevelopment Project Area: Fox Industrial Park Area
Primary Use of Redevelopment Project Area*: Industrial
If"Combination/Mixed" List Component Types:
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
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)]
If yes, please enclose the amendment labeled Attachment A X
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)]
Please enclose the CEO Certification labeled Attachment B X
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
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan,
including any project implemented in the preceding fiscal year and a description of the activities
undertaken? [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A and B)]
If yes, please enclose the Activities Statement labeled Attachment D X
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) (7) (C)]
If yes, please enclose the Agreement(s) labeled Attachment E X
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)]
If yes, please enclose the Additional Information labeled Attachment F X
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) (E)]
If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G X
Were there any reports or meeting minutes 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)]
If yes, please enclose the Joint Review Board Report labeled Attachment H X
Were any obligations issued by municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and
5/11-74.6-22 (d) (8) (A)]
If yes, please enclose the Official Statement labeled Attachment I X
Was 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)]
If yes, please enclose the Analysis labeled Attachment J X
Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation
fund?65 ILCS 5/11-74.4-5 (d) (2) and 5/11-74.6-22 (d) (2)
If yes, please enclose Audited financial statements of the special tax allocation fund
labeled Attachment K X
Cumulatively, have deposits of incremental 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, please enclose a certified letter statement reviewing compliance with the Act labeled
Attachment L X
A list of all intergovernmental agreements in effect in FY 2010, 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) (10)]
If yes, please enclose list only of the intergovernmental agreements labeled Attachment M X
*Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
2
SECTION 3.1 -(65 ILCS 5/11-74.4-5(d) (5)and 65 ILCS 5/11-74.6-22(d)(5))
Provide an analysis of the special tax allocation fund.
Reporting Year Cumulative
Fund Balance at Beginning of Reporting Period $ 423,351
Revenue/Cash Receipts Deposited in Fund During Reporting FY:
%of Total
Property Tax Increment $ 228,346 $ 1,098,096 98%
State Sales Tax Increment 0%
Local Sales Tax Increment 0%
State Utility Tax Increment 0%
Local Utility Tax Increment 0%
Interest $ 15 $ 21,519 2%
Land/Building Sale Proceeds 0%
Bond Proceeds 0%
Transfers from Municipal Sources 0%
Private Sources 0%
Other(identify source ; if multiple other sources, attach
schedule) I I 1 0%
Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period $ 228,361
Cumulative Total Revenues/Cash Receipts $ 1,119,615 100%
Total Expenditures/Cash Disbursements(Carried forward from Section 3.2) $ 81,922
Distribution of Surplus $ -
Total Expenditures/Disbursements $ 81,922
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS $ 146,439
FUND BALANCE, END OF REPORTING PERIOD $ 569,790
- if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
FY 2011 TIF Name: Fox Industrial
3
SECTION 3.2 A-(65 ILCS 5/11-74.4-5(d)(5)and 65 ILCS 5/11-74.6-22(d)(5))
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost,amounts expended during reporting period)
FOR AMOUNTS>$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost[65 ILCS 5/11-74.4-3(q)and 65 ILCS 5/11-74.6-10(o)]
Reporting Fiscal Year
1.Costs of studies,administration and professional services—Subsections 1 and o 1
Legal Services 1,089
Auditing Services-TIF Compliance Report 900
$ 1,989
2.Cost of marketing sites—Subsections(q)(1.6)and(o)(1.6)
3. Property assembly, demolition, site preparation and environmental site improvement costs.
Subsection(q)(2), (o)(2)and(o)(3)
4. Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing public
buildings.Subsection(q)(3)and(o)(4)
5.Costs of construction of public works and improvements.Subsection ( )(4)and(o)(5)
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs
Recovery TIFs ONLY
FY 2011 TIF Name:Fox Industrial
4
7.Cost of job training and retraining, including"welfare to work"programs Subsection (q)(5), (0)(7)
and(o)(12)
8. Financing costs.Subsection(q) (6)and(0)(8)
Principal 70,000
Interest 9,933
$ 79,933
9.Approved capital costs.Subsection 7 and(o)(9)
10. Cost of Reimbursing school districts for their increased costs caused by TI assisted housing
projects.Subsection ( )(7.5)-Tax Increment Allocation Redevelopment TIFs ONLY
11. Relocation costs.Subsection (q)(8)and(o)(10)
12. Payments in lieu of taxes.Subsection ( 9 and o (11)
13. Costs of job training, retraining advanced vocational or career education provided by other
taxing bodies.Subsection ( )(10)and(0)(12)
FY 2011 TIF Name:Fox Industrial
5
14. Costs of reimbursing private developers for interest expenses incurred on approved
redevelopment projects.Subsection 11)(A-E)and(o)(1 3 (A-E)
15. Costs of construction of new housing units for low income and very low-income households.
Subsection 11 F -Tax Increment Allocation Redevelopment TIFs ONLY
16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) -
Tax Increment Allocation Redevelopment TIFs ONLY
$
TOTAL ITEMIZED EXPENDITURES $ 81,922
FY 2011 TIF Name:Fox Industrial
6
Section 3.2 B
List all vendors, including other municipal funds,that were paid in excess of$10,000 during the current
reporting year.
There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name Service Amount
The Bank of New York Paying Agent $ 79,933
FY 2011 TIF Name: Fox Industrial
7
SECTION 3.3- (65 ILCS 5/11-74.4-5(d) (5)65 ILCS 11-74.6-22(d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
(65 ILCS 5/11-74.4-5 (d) (5) (D)and 65 ILCS 5/11-74.6-22 (d) (5) (D))
FUND BALANCE, END OF REPORTING PERIOD $ 569,790
Amount of Original
Issuance Amount Designated
1. Description of Debt Obligations
General Obligation Bonds Series 2002 $ 625,000 $ 155,346
Total Amount Designated for Obligations $ 625,000 1 $ 155,346
2. Description of Project Costs to be Paid
Signage $ 20,000
Administration Costs $ 15,000
Total Amount Designated for Project Costs $ 35,000
TOTAL AMOUNT DESIGNATED $ 190,346
SURPLUS-/(DEFICIT) $ 379,444
" NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
FY 2011 TIF Name: Fox Industrial
8
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
X No property was acquired by the Municipality Within 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 rice:
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 rice:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase rice:
Seller of property:
FY 2011 TIF Name: Fox Industrial
9
SECTION 5-65 ILCS 5/11-74.4-5(d)(7) (G)and 65 ILCS 5/11-74.6-22(d)(7) (G)
Please include a brief description of each project.
X No Projects Were Undertaken by the Municipality Within the Redevelopment Project Area
Estimated
Investment for
Subsequent Fiscal Estimated Cost of
11/1/99 to Date Year the Total Project
TOTAL:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken $ 547,396 $ 547,396
Ratio of Private/Public Investment 0 0
Project 1:
Roadway/Curb &Gutter/Storm Sewer Infrastructure Im rovements
Private Investment Undertaken (See Instructions)
Public Investment Undertaken $ 547,396 $ 547,396
Ratio of Private/Public Investment 0 0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 3:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 4:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 5:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
FY 2011 TIF Name: Fox Industrial
10
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the
performance of TIF in Illinois.
SECTION 6
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
5/10/2001 $ 2,938,857 $ 6,076,548
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
_X The overlapping taxing districts did not receive a surplus.
Surplus Distributed from redevelopment
Overlapping Taxing District project area to overlapping districts
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:
Optional Documents Enclosed
Legal description of redevelopment project area
Map of District
FY 2011 TIF Name: Fox Industrial
11
,tEp 0171,
United City of Yorkville
800 Game Farm Road
Eg Yorkville, Illinois, 60560
Telephone; 630-553-4350
<C E
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
I, Gary J. Golinski, Mayor of the United City of Yorkville, Kendall County,
Illinois, certify that the City has complied with all of the requirements of the Tax
Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. during the
fiscal year ending April 30, 2011, in connection with the administration of the Fox
Industrial Park Area Tax Increment Financing District.
Gary J. G V ki, Mayor
Attachment B
12
LAW OFFICE
KA'T'HLEEN FIELD ORR & ASSOCIA'T'ES
53 WEST JACKSON BLVD.
SUITE 935
CHICAGO, ILLINOIS 60604
(312)382-2113
FAX: (312)382-2127
KATHLEEN FIELD ORR JAMES W.BINNINGER
kfo @kfoassoc.com jwb @kfoassoc.com
September 26, 2011
Judy Barr Topinka, State Comptroller
State of Illinois Building
100 West Randolph Street
Suite 15-500
Chicago, Illinois 60601
Dear Ms. Topinka:
I have acted as City Attorney for the United City of Yorkville, Kendall County, Illinois,
in connection with the administration of the City's Fox Industrial Park Tax Increment
Redevelopment Project Area.
I have reviewed all information provided to me by the City staff and, to the best of my
knowledge and belief, find that the City has conformed with all of the applicable provisions of
the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., for the fiscal
year ending April 30, 2011.
Very truly yours,
KATHLEEN FIELD ORR&ASSOCIATES
dames W. Binning
ATTACHMENT C
13
Unit Code 047/035/30
Attachment D
Activities Statement
Fox Industrial Park Area
In 2002 the City issued bonds in the amount of$625,000 to finance certain roadway, curb&gutter, street
lighting and storm sewer improvements in the Fox Industrial Park area. These improvements cost
approximately$550,000 and were completed in 2002. The remaining bond proceeds were applied
towards debt service in subsequent fiscal years.
In fiscal year 2011,the TIF district paid$79,933 in debt service costs, consisting of principle and interest
in the amounts of$70,000 and$9,933,respectively. As of April 30, 2011 the outstanding balance on the
bonds was$155,346. In addition, since this TIF district has fulfilled its initial purpose it is the City's
intent to declare a surplus and liquidate the TIF towards the end of calendar year 2011.
14
UNITED CITY OF YORKVILLE,ILLINOIS ATTACIiMENIK
Fox Industrial,Countryside,and Downtown
Special Tax Allocation Funds
Schedule of Revenues,Expenditures and Changes in Fund Balance
Year Ended April 30,2011
Fox Industrial Countryside Downtown
Tax Increment Tax Increment Tax Increment
Financing Financing Financing
District District District
Revenues Fund Fund Fund
Property Tax $ 228,346 6,372 75,362
Investment Income 15 3,135
Total Revenues 228,36I 9,507 75,362
Expenditures
General Government
Administration Fees 1,989 1,622 1,896
Debt Service
Principal 70,000 170,000
Interest 9,933 137,093
Total Expenditures 81,922 308,715 1,896
Net Change in Fund Balance 146,439 (299,208) 73,466
Fund Balance r
May 1 423,351 2,477 758
136,294
April 30 $ 569,790 2,178,550 2091760
15
Wolf Company LLP N ,r
A Wolf Financial Group Nlemher
Attachment L
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE
The Honorable Mayor
Members of the City Council
United City of Yorkville,Illinois
We have audited the basic financial statements of the United City of Yorkville, Illinois for the year ended April 30,
2011,and have issued our report thereon dated September 29,2011.
We have also audited the City's compliance with the provisions of subsection (q) of Section 11-74.4-3 of the
Illinois Tax Increment Redevelopment Allocation Act(Illinois Public Act 85-1142)relating to the Fox Industrial,
Countryside and Downtown Tax Increment Financing Districts. The management of the United City of Yorkville,
Illinois is responsible for the City's compliance with those requirements. Our responsibility is to express an
opinion on compliance with those requirements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether material
noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis,
evidence about the United City of Yorkville, Illinois' compliance with those requirements. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the United City of Yorkville, Illinois complied, in all material respects, with the requirements of
subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act(I)linois Public
Act 85-1142).
s [' LU0
Oakbrook Terrace,Illinois
September 29,2011
PKF1901 S.Meyers Roars,Suite 500 + Oakbrook Terrace, Illinois 60181-5209
A PKF International Member Firm 630.545.4500 nurirr + 630.674.7818 fora www.wolfcpa.com
16
FY 2011 STATE OF ILLINOIS
ANNUAL TAX INCREMENT FINANCE COMPTROLLER
REPORT
JUDY BAa TOPINKA
Name of Municipality: United City of Yorkville Reporting Fiscal Year: 2011
County: Kendall Fiscal Year End: 04/3012011
Unit Code: 047/035/30
First Name: Rob Last Name: Fredrickson"
Address: 800 Game Farm Road Title: Finance Director
Telephone: 630-553-8534 City: Yorkville Zip: 60560
E-Mail: rfredrickson0,y0TkviIIe.iI.uS
I attest to the best of my knowledge, this report of the redevelopment project areas in: City
of Yorkville. Illinois
is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation
Redevelopment Act [65 ILCS 5111-74.4-3 et. seq.] Or the Industrial Jobs Recovery Law[65 ILCS 5111-74.6-10 et.
seq.]
O/Z
Written signature of TIF Administrator nnfe
Section 1 (65 ILCS 5111-74.4-5 d) 0.5 and 65 ILCS 5111-74.6-22 (d) (1.5�-)
Name of Redevelopment Project Area Date Des! nated Date Terminated�"
United City of Yorkville Tax Increment Financing�Redevelopment
Project Area-US Rte 34& IL Rte 477 Countryside 2/1512005
*All statutory citations refer to one of two sections of the Illinois Municipal Code: the Tax Increment Allocation
Redevelopment Act[65 ILCS 5111-74.4-3 et. seq.] or the Industrial Jobs Recovery Law[65 ILCS 5111-74.6-10 et.
seq.]
17
SECTION 2[Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
Name of Redevelopment Project Area: U.S.Route 34 and IL Route 47-Countryside Shopping
Center
Primary Use of Redevelopment Project Area*: Commercial
If"Combination/Mixed"List Component Types:
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
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)]
If yes,please enclose the amendment labeled Attachment A X
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)]
Please enclose the CEO Certification labeled Attachment B X
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
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan, including
any project implemented in the preceding fiscal year and a description of the activities undertaken? [65
ILCS 5/11-74.4-5(d) (7)(A and B)and 5/11-74.6-22(d) (7) (A and B)]
If yes,please enclose the Activities Statement labeled Attachment D X
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) (7) (C)]
If yes,please enclose the Agreement(s)labeled Attachment E X
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)]
If yes,please enclose the Additional Information labeled Attachment F X
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) (E)]
If yes,please enclose the contract(s)or description of the contract(s)labeled Attachment G X
Were there any reports or meeting minutes 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)]
If yes,please enclose the Joint Review Board Report labeled Attachment H X
Were any obligations issued by municipality?[65 ILCS 5/11-74.4-5(d) (8) (A)and
5/11-74.6-22(d) (8) (A)]
If yes,please enclose the Official Statement labeled Attachment I X
Was 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)]
If yes,please enclose the Analysis labeled Attachment J X
Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation
fund?65 ILCS 5/11-74.4-5(d)(2)and 5/11-74.6-22(d) (2)
If yes,please enclose Audited financial statements of the special tax allocation fund
labeled Attachment K X
Cumulatively, have deposits of incremental 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, please enclose a certified letter statement reviewing compliance with the Act labeled
Attachment L X
A list of all intergovernmental agreements in effect in FY 2010,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) (10)]
If yes,please enclose list only of the intergovernmental agreements labeled Attachment M X
Types include:Central Business District, Retail,Other Commercial, Industrial, Residential,and Combination/Mixed.
18
SECTION 3.1 -(65 ILCS 5/11-74.4-5(d) (5)and 65 ILCS 5/11-74.6-22(d)(5))
Provide an analysis of the special tax allocation fund.
Reporting Year Cumulative
Fund Balance at Beginning of Reporting Period $ 2,477,758
Revenue/Cash Receipts Deposited in Fund During Reporting FY:
%of Total
Property Tax Increment $ 6,372 $ 29,030 1%
State Sales Tax Increment 0%
Local Sales Tax Increment 0%
State Utility Tax Increment 0%
Local Utility Tax Increment 0%
Interest $ 3,135 $ 390,228 10%
Land/Building Sale Proceeds 0%
Bond Proceeds $ 3,506,099 89%
Transfers from Municipal Sources 0%
Private Sources 0%
Other(identify source ; if multiple other sources, attach
schedule) I I 1 0%
Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period $ 9,507
Cumulative Total Revenues/Cash Receipts $ 3,925,358 100%
Total Expenditures/Cash Disbursements(Carried forward from Section 3.2) $ 308,715
Distribution of Surplus $ -
Total Expenditures/Disbursements $ 308,715
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS $ 299,208
FUND BALANCE, END OF REPORTING PERIOD $ 2,178,550
- if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
FY 2011 TIF Name: US Rte 34 IL Rte 47
19
SECTION 3.2 A-(65 ILCS 5/11-74.4-5(d)(5)and 65 ILCS 5/11-74.6-22(d)(5))
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost,amounts expended during reporting period)
FOR AMOUNTS>$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost[65 ILCS 5/11-74.4-3(q)and 65 ILCS 5/11-74.6-10(o)]
Reporting Fiscal Year
1.Costs of studies,administration and professional services—Subsections 1 and o 1
Legal Services 347
Auditing Services-TIF Compliance Report 900
Paying Agent Fees 375
$ 1,622
2.Cost of marketing sites—Subsections(q)(1.6)and(o)(1.6)
3. Property assembly, demolition, site preparation and environmental site improvement costs.
Subsection(q)(2), (o)(2)and(o)(3)
4. Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing public
buildings.Subsection(q)(3)and(o)(4)
5.Costs of construction of public works and improvements.Subsection ( )(4)and(o)(5)
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs
Recovery TIFs ONLY
FY 2011 TIF Name: US Rte 34 IL Rte 47
20
7.Cost of job training and retraining, including"welfare to work"programs Subsection (q)(5), (0)(7)
and(o)(12)
8. Financing costs.Subsection(q) (6)and(0)(8)
Principal 170,000
Interest 137,093
$ 307,093
9.Approved capital costs.Subsection 7 and(o)(9)
10. Cost of Reimbursing school districts for their increased costs caused by TI assisted housing
projects.Subsection ( )(7.5)-Tax Increment Allocation Redevelopment TIFs ONLY
11. Relocation costs.Subsection (q)(8)and(o)(10)
12. Payments in lieu of taxes.Subsection ( 9 and o (11)
13. Costs of job training, retraining advanced vocational or career education provided by other
taxing bodies.Subsection ( )(10)and(0)(12)
$
FY 2011 TIF Name: US Rte 34 IL Rte 47
21
14. Costs of reimbursing private developers for interest expenses incurred on approved
redevelopment projects.Subsection 11)(A-E)and(o)(1 3 (A-E)
15. Costs of construction of new housing units for low income and very low-income households.
Subsection 11 F -Tax Increment Allocation Redevelopment TIFs ONLY
16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) -
Tax Increment Allocation Redevelopment TIFs ONLY
$
TOTAL ITEMIZED EXPENDITURES $ 308,715
FY 2011 TIF Name: US Rte 34 IL Rte 47
22
Section 3.2 B
List all vendors, including other municipal funds,that were paid in excess of$10,000 during the current
reporting year.
There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name Service Amount
The Bank of New York Paying Agent $307,468
FY 2011 TIF Name: US Rte 34 IL Rte 47
23
SECTION 3.3- (65 ILCS 5/11-74.4-5(d) (5)65 ILCS 11-74.6-22(d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
(65 ILCS 5/11-74.4-5 (d) (5) (D)and 65 ILCS 5/11-74.6-22 (d) (5) (D))
FUND BALANCE, END OF REPORTING PERIOD $ 2,178,550
Amount of Original
Issuance Amount Designated
1. Description of Debt Obligations
General Obligation Bonds Series 2005 $ 3,525,000 $ 3,190,000
Total Amount Designated for Obligations $ 3,525,000 1 $ 3,190,000
2. Description of Project Costs to be Paid
Total Amount Designated for Project Costs $
TOTAL AMOUNT DESIGNATED $ 3,190,000
SURPLUS-/(DEFICIT) 1 (1,011,450)
" NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
FY 2011 TIF Name: US Rte 34 IL Rte 47
24
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
X No property was acquired by the Municipality Within 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 rice:
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 rice:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase rice:
Seller of property:
FY 2011 TIF Name: US Rte 34 IL Rte 47
25
SECTION 5-65 ILCS 5/11-74.4-5(d)(7) (G)and 65 ILCS 5/11-74.6-22(d)(7) (G)
Please include a brief description of each project.
X No Projects Were Undertaken by the Municipality Within the Redevelopment Project Area
Estimated
Investment for
Subsequent Fiscal Estimated Cost of
11/1/99 to Date Year the Total Project
TOTAL:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 1:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 3:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 4:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 5:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
FY 2011 TIF Name: US Rte 34 IL Rte 47
26
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the
performance of TIF in Illinois.
SECTION 6
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
2/15/2005 $ 1,528,166 $ 1,615,200
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
_X The overlapping taxing districts did not receive a surplus.
Surplus Distributed from redevelopment
Overlapping Taxing District project area to overlapping districts
SECTION 7
Provide information about job creation and retention
Description and Type
Number of Jobs (Temporary or
Retained Number of Jobs Created Permanent) of Jobs Total Salaries Paid
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
Optional Documents Enclosed
Legal description of redevelopment project area previously provided
Map of District previously provided
FY 2011 TIF Name: US Rte 34 IL Rte 47
27
cip
% United City of Yorkville
' 800 Game Farm Road
-
106 Yorkville, Illinois, 60560
o� 4, o Telephone: 630-553-4350
<t E 1�'v
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
I, Gary J. Golinski, Mayor of the United City of Yorkville, Kendall County,
Illinois, certify that the City has complied with all of the requirements of the Tax
Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. during the
fiscal year ending April 30, 2011, in connection with the administration of the U.S.
Route 34 and IL Route 47 (Countryside Shopping Center) Tax Increment Financing
District.
Garl J. i ski, + ayor
Attachment B
28
LAW OFFICE
KATHLEEN FIELD ORR & ASSOCIATES
53 WEST JACKSON BLVD.
SUITE 935
CHICAGO, ILLINOIS 60604
(3121 382-2113
FAX:(312)382-2127
KATHLEEN FIELD ORR JAMES W.BINNINGER
kfo @kfoassoc.com jwb @kfoassoc.com
September 26, 2011
Judy Barr Topinka, State Comptroller
State of Illinois Building
100 West Randolph Street
Suite 15-500
Chicago, Illinois 60601
Dear Ms. Topinka:
I have acted as City Attorney for the United City of Yorkville, Kendall County, Illincis,
in connection with the administration of the City's U.S. Route 34 & Illinois Route 47
Countryside Tax Increment Redevelopment Project Area.
I have reviewed all information provided to me by the City staff and, to the best of my
knowledge and belief, find that the City has conformed with all of the applicable provisions of
the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., for the fis-.al
year ending April 30, 2011.
Very truly yours,
KATHLEEN FIELD ORR&ASSOCIATES
tJe W. Binnin g er
ATTACHMENT C
29
Unit Code 047/035/30
Attachment D
Activities Statement
US Rte 34 &IL Rte 47 Countryside
In 2005 the City issued bonds in the amount of$3.525 million,the proceeds of which would be used to
finance future retail development at Countryside Center. Currently there are no active projects in the TIF
district. However,the City,in partnership with the Yorkville Economic Development Corporation
(YEDC), continues to actively pursue potential developers.
In fiscal year 2011,the TIF district paid$307,093 in debt service costs, consisting of principle and
interest in the amounts of$170,000 and$137,093,respectively. As of April 30, 2011 the outstanding
balance on the bonds was $3,190,000.
30
UNITED CITY OF YORKVILLE,ILLINOIS ATTACIiMENIK
Fox Industrial,Countryside,and Downtown
Special Tax Allocation Funds
Schedule of Revenues,Expenditures and Changes in Fund Balance
Year Ended April 30,2011
Fox Industrial Countryside Downtown
Tax Increment Tax Increment Tax Increment
Financing Financing Financing
District District District
Revenues Fund Fund Fund
Property Tax $ 228,346 6,372 75,362
Investment Income 15 3,135
Total Revenues 228,36I 9,507 75,362
Expenditures
General Government
Administration Fees 1,989 1,622 1,896
Debt Service
Principal 70,000 170,000
Interest 9,933 137,093
Total Expenditures 81,922 308,715 1,896
Net Change in Fund Balance 146,439 (299,208) 73,466
Fund Balance r
May 1 423,351 2,477 758
136,294
April 30 $ 569,790 2,178,550 2091760
31
Wolf Company LLP N ,r
A Wolf Financial Group Nlemher
Attachment L
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE
The Honorable Mayor
Members of the City Council
United City of Yorkville,Illinois
We have audited the basic financial statements of the United City of Yorkville, Illinois for the year ended April 30,
2011,and have issued our report thereon dated September 29,2011.
We have also audited the City's compliance with the provisions of subsection (q) of Section 11-74.4-3 of the
Illinois Tax Increment Redevelopment Allocation Act(Illinois Public Act 85-1142)relating to the Fox Industrial,
Countryside and Downtown Tax Increment Financing Districts. The management of the United City of Yorkville,
Illinois is responsible for the City's compliance with those requirements. Our responsibility is to express an
opinion on compliance with those requirements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether material
noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis,
evidence about the United City of Yorkville, Illinois' compliance with those requirements. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the United City of Yorkville, Illinois complied, in all material respects, with the requirements of
subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act(I)linois Public
Act 85-1142).
s [' LU0
Oakbrook Terrace,Illinois
September 29,2011
PKF1901 S.Meyers Roars,Suite 500 + Oakbrook Terrace, Illinois 60181-5209
A PKF International Member Firm 630.545.4500 nurirr + 630.674.7818 fora www.wolfcpa.com
32
FY 2011 STATE OF ILLINOIS
ANNUAL TAX INCREMENT FINANCE -COMPTROLLER
REPORT
JUDY BAARTOMIKA
Name of Municipality: United City of Yorkville Reporting Fiscal Year: 2011
County: Kendall Fiscal Year End: 04/30/2011
Unit Code: 047/035/30
Name:Last N '
First Name: Rob L :�Fredrickson
Address: 900 Game Farm Road Title: finance Director
Telephone: .630-553-8534 City: Yorkville zip! 60560
E-Mail: rfredricksona rkville.il.us
I attest to the best of my knowledge, this report of the redevelopment project areas in-, City
of Yorkville, Illinois
is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation
Redevelopment Act (65 ILCS 5111-74.4-3 et. seq.] Or the Industrial Jobs Recovery Law[65 ILCS 5111-74.6-10 et.
seq.]
Written signature of TIF Administrator Date
Section 1 (65 ILCS 5111-74.4-5 d) 1.5 and 65 ILCS 5111-74.6-22 (d
en t Pro-ect Area Date Des
Name of Redevelopment Project Area Date Desianated Date Terminated
, 0 . t
United City of Yorkville Tax Increment Financing Redevelopment
Project Area-Downtown Yorkville 6/13/2006
*All statutory citations refer to one of two sections of the Illinois Municipal Code: the Tax Increment I Allocation
Redevelopment Act[65 ILCS 5111-74.4-3 et. seq.] or the Industrial Jobs Recovery Law(65 ILCS 5111-74.6-10 et.
seq.)
33
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
Name of Redevelopment Project Area: Downtown Yorkville
Primary Use of Redevelopment Project Area*: Combination/Mixed
If"Combination/Mixed" List Component Types: Commercial/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
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)]
If yes, please enclose the amendment labeled Attachment A X
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)]
Please enclose the CEO Certification labeled Attachment B X
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
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan,
including any project implemented in the preceding fiscal year and a description of the activities
undertaken? [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A and B)]
If yes, please enclose the Activities Statement labeled Attachment D X
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) (7) (C)]
If yes, please enclose the Agreement(s) labeled Attachment E X
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)]
If yes, please enclose the Additional Information labeled Attachment F X
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) (E)]
If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G X
Were there any reports or meeting minutes 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)]
If yes, please enclose the Joint Review Board Report labeled Attachment H X
Were any obligations issued by municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and
5/11-74.6-22 (d) (8) (A)]
If yes, please enclose the Official Statement labeled Attachment I X
Was 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)]
If yes, please enclose the Analysis labeled Attachment J X
Cumulatively, have deposits equal or greater than $100,000 been made into the special tax allocation
fund?65 ILCS 5/11-74.4-5 (d) (2) and 5/11-74.6-22 (d) (2)
If yes, please enclose Audited financial statements of the special tax allocation fund
labeled Attachment K X
Cumulatively, have deposits of incremental 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, please enclose a certified letter statement reviewing compliance with the Act labeled
Attachment L X
A list of all intergovernmental agreements in effect in FY 2010, 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) (10)]
If yes, please enclose list only of the intergovernmental agreements labeled Attachment M X
*Types include: Central Business District, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
34
SECTION 3.1 -(65 ILCS 5/11-74.4-5(d) (5)and 65 ILCS 5/11-74.6-22(d)(5))
Provide an analysis of the special tax allocation fund.
Reporting Year Cumulative
Fund Balance at Beginning of Reporting Period $ 136,294
Revenue/Cash Receipts Deposited in Fund During Reporting FY:
%of Total
Property Tax Increment $ 75,362 $ 270,260 99%
State Sales Tax Increment 0%
Local Sales Tax Increment 0%
State Utility Tax Increment 0%
Local Utility Tax Increment 0%
Interest $ - $ 3,551 1%
Land/Building Sale Proceeds 0%
Bond Proceeds 0%
Transfers from Municipal Sources 0%
Private Sources 0%
Other(identify source ; if multiple other sources, attach
schedule) I I 1 0%
Total Amount Deposited in Special Tax Allocation
Fund During Reporting Period $ 75,362
Cumulative Total Revenues/Cash Receipts $ 273,811 100%
Total Expenditures/Cash Disbursements(Carried forward from Section 3.2) $ 1,896
Distribution of Surplus $ -
Total Expenditures/Disbursements $ 1,896
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS $ 73,466
FUND BALANCE, END OF REPORTING PERIOD $ 209,760
- if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
FY 2011 TIF Name: Downtown Yorkville
35
SECTION 3.2 A-(65 ILCS 5/11-74.4-5(d)(5)and 65 ILCS 5/11-74.6-22(d)(5))
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost,amounts expended during reporting period)
FOR AMOUNTS>$10,000 SECTION 3.2 B MUST BE COMPLETED
Category of Permissible Redevelopment Cost[65 ILCS 5/11-74.4-3(q)and 65 ILCS 5/11-74.6-10(o)]
Reporting Fiscal Year
1.Costs of studies,administration and professional services—Subsections 1 and o 1
Legal Services 996
Auditing Services-TIF Compliance Report 900
$ 1,896
2.Cost of marketing sites—Subsections(q)(1.6)and(o)(1.6)
3. Property assembly, demolition, site preparation and environmental site improvement costs.
Subsection(q)(2), (o)(2)and(o)(3)
4. Costs of rehabilitation, reconstruction, repair or remodeling and replacement of existing public
buildings.Subsection(q)(3)and(o)(4)
5.Costs of construction of public works and improvements.Subsection ( )(4)and(o)(5)
6. Costs of removing contaminants required by environmental laws or rules (o)(6) - Industrial Jobs
Recovery TIFs ONLY
FY 2011 TIF Name: Downtown Yorkville
36
7.Cost of job training and retraining, including"welfare to work"programs Subsection (q)(5), (0)(7)
and(o)(12)
8. Financing costs.Subsection(q) (6)and(0)(8)
9.Approved capital costs.Subsection 7 and(o)(9)
10. Cost of Reimbursing school districts for their increased costs caused by TIF assisted housing
projects.Subsection ( )(7.5)-Tax Increment Allocation Redevelopment TIFs ONLY
11. Relocation costs.Subsection (q)(8)and(o)(10)
12. Payments in lieu of taxes.Subsection ( 9 and o (11)
13. Costs of job training, retraining advanced vocational or career education provided by other
taxing bodies.Subsection ( )(10)and(0)(12)
FY 2011 TIF Name: Downtown Yorkville
37
14. Costs of reimbursing private developers for interest expenses incurred on approved
redevelopment projects.Subsection 11)(A-E)and(o)(1 3 (A-E)
15. Costs of construction of new housing units for low income and very low-income households.
Subsection 11 F -Tax Increment Allocation Redevelopment TIFs ONLY
16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) -
Tax Increment Allocation Redevelopment TIFs ONLY
$
TOTAL ITEMIZED EXPENDITURES $ 1,896
FY 2011 TIF Name: Downtown Yorkville
38
Section 3.2 B
List all vendors, including other municipal funds,that were paid in excess of$10,000 during the current
reporting year.
_X There were no vendors, including other municipal funds, paid in excess of
$10,000 during the current reporting period.
Name Service Amount
FY 2011 TIF Name: Downtown Yorkville
39
SECTION 3.3- (65 ILCS 5/11-74.4-5(d) (5)65 ILCS 11-74.6-22(d) (5))
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
(65 ILCS 5/11-74.4-5 (d) (5) (D)and 65 ILCS 5/11-74.6-22 (d) (5) (D))
FUND BALANCE, END OF REPORTING PERIOD $ 209,760
Amount of Original
Issuance Amount Designated
1. Description of Debt Obligations
Total Amount Designated for Obligations $ $
2. Description of Project Costs to be Paid
IL Rte 47 Expansion Project $ 200,000
Total Amount Designated for Project Costs $
TOTAL AMOUNT DESIGNATED $ 200,000
SURPLUS-/(DEFICIT) 1 9,760
" NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
FY 2011 TIF Name: Downtown Yorkville
40
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
X No property was acquired by the Municipality Within 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 rice:
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 rice:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase rice:
Seller of property:
FY 2011 TIF Name: Downtown Yorkville
41
SECTION 5-65 ILCS 5/11-74.4-5(d)(7) (G)and 65 ILCS 5/11-74.6-22(d)(7) (G)
Please include a brief description of each project.
X No Projects Were Undertaken by the Municipality Within the Redevelopment Project Area
Estimated
Investment for
Subsequent Fiscal Estimated Cost of
11/1/99 to Date Year the Total Project
TOTAL:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken $ 24,063 $ 24,063
Ratio of Private/Public Investment 0 0
Project 1:
Landscaping
Private Investment Undertaken (See Instructions)
Public Investment Undertaken $ 24,063 $ 24,063
Ratio of Private/Public Investment 0 0
Project 2:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 3:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 4:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 5:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
FY 2011 TIF Name: Downtown Yorkville
42
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the
performance of TIF in Illinois.
SECTION 6
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
6/13/2006 $ 6,114,805 $ 7,150,337
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
_X The overlapping taxing districts did not receive a surplus.
Surplus Distributed from redevelopment
Overlapping Taxing District project area to overlapping districts
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:
Optional Documents Enclosed
Legal description of redevelopment project area
Map of District
FY 2011 TIF Name: Downtown Yorkville
43
CI -
J=� Y � United City of Yorkville
' 800 Game Farm Road
E5T, 1836 Yorkville, Illinois, 60560
1� o Telephone: 630-553-4350
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
I, Gary J. Golinski, Mayor of the United City of Yorkville, Kendall County,
Illinois, certify that the City has complied with all of the requirements of the Tax
Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq. during the
fiscal year ending April 30, 2011, in connection with the administration of the
Downtown Tax Increment Financing District.
ju
Gary ]. ksi, Mayor
Attachment B
44
LAW OFFICE
KATHLEEN FIELD ORR & ASSOCIATES
53 WEST JACKSON BLVD.
SUITE 935
CHICAGO, ILLINOIS 60604
(312)382-2113
FAX:(312)382-2127
KATHLEEN FIELD ORR JAMES W. BINNINGER
kfo @kfoassoc.com jwb @kfoassoc.com
September 26, 2011
Judy Barr Topinka, State Comptroller
State of Illinois Building
100 West Randolph Street
Suite 15-500
Chicago, Illinois 60601
Dear Ms. Topinka:
I have acted as City Attorney for the United City of Yorkville, Kendall County, Illincis,
in connection with the administration of the City's Downtown Yorkville Tax Increment
Redevelopment Project Area.
I have reviewed all information provided to me by the City staff and, to the best of my
knowledge and belief, find that the City has conformed with all of the applicable provisions of
the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, et seq., for the fiscal
year ending April 30, 2011.
Very truly yours,
KATHLEEN FIELD ORR&ASSOCIATES
tarnes W. Binninger
ATTACHMENT C
45
Unit Code 047/035/30
Attachment D
Activities Statement
Downtown Yorkville
The Downtown TIF district was created in 2006 to help facilitate mixed use development in the
downtown area. One of the major activities to occur in the TIF district for 2011 was the opening of the
downtown whitewater park,which features a 1,200 foot series of artificial rapids. This is the only whitewater
park within 6 hours of the City and is expected to be a major draw for tourists and whitewater enthusiasts
alike. In addition to the whitewater park, several new commercial and retail businesses have opened in the
Downtown TIF district over the past fiscal year as well.
Looking forward into the next fiscal year, the City is scheduled to begin construction on the IL Route 47
expansion project in the spring of 2012. This project will include various roadway and infrastructure (water,
sanitary sewer, storm sewer) improvements on Route 47 from just south of Kennedy Road through its
intersection with IL Route 71. The cost of the project that is applicable to the Downtown TIF district is
approximately$200,000.
46
UNITED CITY OF YORKVILLE,ILLINOIS ATTACIiMENIK
Fox Industrial,Countryside,and Downtown
Special Tax Allocation Funds
Schedule of Revenues,Expenditures and Changes in Fund Balance
Year Ended April 30,2411
Fox Industrial Countryside Downtown
Tax Increment Tax Increment Tax Increment
Financing Financing Financing
District District District
Revenues Fund Fund Fund
Property Tax $ 228,346 6,372 75,362
Investment Income 15 3,135
Total Revenues 228,36I 9,507 75,362
Expenditures
General Government
Administration Fees 1,989 1,622 1,896
Debt Service
Principal 70,004 170,000
Interest 9,933 137,093
Total Expenditures 81,922 308,715 1,896
Net Change in Fund Balance 146,439 (299,208) 73,466
Fund Balance r
May 1 423,351 2,477 758
136,294
April 30 $ 569,790 2,178,550 2091760
47
Wolf Company LLP N ,r
A Wolf Financial Group Nlemher
Attachment L
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE
The Honorable Mayor
Members of the City Council
United City of Yorkville,Illinois
We have audited the basic financial statements of the United City of Yorkville, Illinois for the year ended April 30,
2011,and have issued our report thereon dated September 29,2011.
We have also audited the City's compliance with the provisions of subsection (q) of Section 11-74.4-3 of the
Illinois Tax Increment Redevelopment Allocation Act(Illinois Public Act 85-1142)relating to the Fox Industrial,
Countryside and Downtown Tax Increment Financing Districts. The management of the United City of Yorkville,
Illinois is responsible for the City's compliance with those requirements. Our responsibility is to express an
opinion on compliance with those requirements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether material
noncompliance with the requirements referred to above occurred. An audit includes examining, on a test basis,
evidence about the United City of Yorkville, Illinois' compliance with those requirements. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion, the United City of Yorkville, Illinois complied, in all material respects, with the requirements of
subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act(I)linois Public
Act 85-1142).
s [' LU0
Oakbrook Terrace,Illinois
September 29,2011
PKF1901 S.Meyers Roars,Suite 500 + Oakbrook Terrace, Illinois 60181-5209
A PKF International Member Firm 630.545.4500 nurirr + 630.674.7818 fora www.wolfcpa.com
48