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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