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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO.2017-33
AN ORDINANCE AUTHORIZING THE SECOND AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE,FOR THE FISCAL YEAR
COMMENCING ON MAY 1,2017 AND ENDING ON APRIL 30,2018
Passed by the City Council of the
United City of Yorkville,Kendall County,Illinois
This 13th day of June,2017
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on July 21,2017.
Ordinance No. 2017-�
AN ORDINANCE AUTHORIZING THE SECOND AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1,2017 AND ENDING ON APRIL 30,2018
WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly
existing non-home rule municipality created in accordance with the Constitution of the State of
Illinois of 1970 and the laws of the State; and,
WHEREAS,pursuant to 65 ILCS 5/8-2-9.4,the City adopted Ordinance No. 2017-16 on
April 11, 2017 adopting an annual budget for the fiscal year commencing on May 1, 2017 and
ending on April 30, 2018; and,
WHEREAS,pursuant to 65 ILCS 5/8-2-9.6,by a vote of two-thirds of the members of
the corporate authorities then holding office, the annual budget of the United City of Yorkville
may be revised by deleting, adding to, changing or creating sub-classes within object classes and
object classes themselves. No revision of the budget shall be made increasing the budget in the
event funds are not available to effectuate the purpose of the revision; and,
WHEREAS, funds are available to effectuate the purpose of this revision.
NOW THEREFORE,BE IT ORDAINED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows:
Section 1: That the amounts shown in Schedule A, attached hereto and made a part
hereof by reference, increasing and/or decreasing certain object classes and decreasing certain
fund balances in the Downtown TIF fund with respect to the United City of Yorkville's 2017-
2018 Budget are hereby approved.
Section 2: This ordinance shall be in full force and effect from and after its passage and
approval according to law.
Ordinance No.2017- 3?J
Page 2
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of , 2017.
CITY CLERK
CARLO COLOSIMO KEN KOCH
JACKIE MILSCHEWSKI ARDEN JOE PLOCHER
CHRIS FUNKHOUSER JOEL FRIEDERS
SEAVER TARULIS ALEX HERNANDEZ
Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this
1'5 day of j u N i�- 12017.
O
Ordinance No.2017- 3 3
Page 3
DOWNTOWN TIF FUND (88) Schedule A
The Downtown TIF was created in 2006,in order to finance a mixed use development in the downtown area.
FY 2018 FY 2018
FY 2015 FY 2016 FY 2017 FY 2017 Adopted Amended
Actual Actual Budget Projected Budget Budget
Revenue
Taxes 60,027 68,868 70,000 67,307 70,000 70,000
Investment Earnings 1 3 50 - - -
Miscellaneous 187 236 - 1,400 - -
Total Revenue 60,215 69,107 70,050 68,707 70,000 70,000
Expenditures
Contractual Services 20,045 17,830 35,360 32,016 65,659 65,659
Capital Outlay 19,106 36,668 813,170 192,895 137,420 860,420
Debt Service - - - - 228,000 -
Other Financing Uses 13,500 - - - - -
Total Expenditures 52,651 54,498 848,530 224,911 431,079 926,079
Surplus(Deficit) 7,564 14,609 (778,480) (156,204) (361,079) (856,079)
Ending Fund Balance 239,096 253,703 (154,775) 97,499 (681,353) (758,580)
454.1% 465.5% -18.2% 43.4% -158.1% -81.9%
$400
$200
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$0
M
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($400)
($600)
($800)
($1,000)
1
United City of Yorkville
Downtown TIF Fund
88
DOWNTOWN TIF FUND REVENUE
FY 2015 FY 2016 FY 2017 FY 2017 FY 2018 FY 2018
Account Description Actual Actual Budget Projected Adopted Amended
Taxes
88-000-40-004000 PROPERTY TAXES 60,027 68,868 70,000 67,307 70,000 70,000
Total: Taxes $60,027 $68,868 $70,000 $67,307 $70,000 $70,000
Investment Earnings
88-000-45-00-4500 INVESTMENT EARNINGS 1 3 50 - - -
Total: Investment Earnings $1 $3 $50 $0 $0 $0
Miscellaneous
88-000-48-00-4850 MISCELLANEOUS INCOME 187 236 - 1,400 - -
Total: Miscellaneous $187 $236 $0 $1,400 $0 $0
Total: DOWNTOWN TIF REVENUE $60,215 $69,107 $70,050 $68,707 $70,000 $70,000
2
United City of Yorkville
Downtown TIF Fund
880
DOWNTOWN TIF FUND EXPENDITURES
FY 2015 FY 2016 FY 2017 FY 2017 FY 2018 FY 2018
Account Description Actual Actual Budget Projected Adopted Amended
Contractual Services
88-880-54-00-5401 ADMINISTRATIVE CHARGEBACK - - - - 30,284 30,284
88-880-54-00-5425 TIF INCENTIVE PAYOUT 16,196 15,223 20,000 20,558 20,000 20,000
PerinaperialInvestments Redevelopment Agreement
88-880-54-00-5462 PROFESSIONAL SERVICES 276 2,051 360 304 375 375
88-880-54-00-5466 LEGAL SERVICES 3,573 556 15,000 11,154 15,000 15,000
Total: Contractual Services $20,045 $17,830 $359360 $32,016 $65,659 $65,659
Capital Outlay
88-880-60-00-6000 PROJECT COSTS 11,686 29,248 125,000 71,970 100,000 100,000
$75,00o for Downtown Overlay District
$25,000 for Streetscape&Signage
88-880-60-00-6011 PROPERTY ACQUISITION - - 370,000 10,000 - 363,000
102 E Van Emmon Bldg
88-880-60-00-6045 RIVERFRONT PARK - - - 360,000
$360,000 Soil Contamination Clean-up
88-880-60-00-6048 DOWNTOWN STREETSCAPE IMPROVEMENT - - 310,750 103,504 30,000 30,000
88-880-60-00-6079 ROUTE 47 EXPANSION 7,420 7,420 7,420 7,421 7,420 7,420
Total: Capital Outlay $199106 $369668 $8139170 $192,895 $137,420 $860,420
Debt Service-FNBO Loan-102 E Van Emmon Building
88-880-81-00-8000 PRINCIPAL PAYMENT - - - - 200,000 -
80-880-81-00-8050 INTEREST PAYMENT - 28,000
Total: Debt Service-FNBO Loan $0 $0 $0 $0 $228,000 $0
Other Financing Uses
88-880-99-00-9923 TRANSFER TO CITY-WIDE CAPITAL 13,500 - - - - -
Total: Other Financing Uses $139500 $0 $0 $0 $0 $0
Total: DOWNTOWN TIF EXPENDITURES5$ 2,651 $54,498 $848,530 $224,911 $431,079 $926,079
3