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Joint Review Board Minutes 2016 11-22-16Page 1 of 2 APPROVED 12/12/17 ANNUAL JOINT REVIEW BOARD OF THE UNITED CITY OF YORKVILLE US RTE 34 & IL RTE 47 COUNTRYSIDE AND DOWNTOWN REDEVELOPMENT PROJECT AREAS Tuesday, November 22, 2016 3:00pm City Hall Conference Room 800 Game Farm Rd., Yorkville, IL Call Meeting to Order The meeting was called to order at 3:05pm by City Attorney Kathy Orr. Roll Call Attorney Orr took roll call as follows: United City of Yorkville City Administrator Bart Olson Interim Assistant City Administrator Erin Willrett Finance Director Rob Fredrickson Community Development Director Krysti Barksdale-Noble Kendall Township no representative Kendall County Andrez Beltran Kendall County Forest Preserve David Guritz Waubonsee Community Collge Dist. #516 Darla Cardine Yorkville School Dist. #115 Pat Browne Bristol-Kendall Fire Protection District Tom Lindblom Bristol Township no representative Motion to Elect or Re-elect Public Member Page 2 of 2 Ms. Orr called for a motion to elect a Public Member. So moved by Tom Lindblom and seconded by David Guritz to elect Erin Willrett as Public Member. Motion to Elect or Re-elect Chairperson A motion was then made by Mr. Lindblom and seconded by Mr. Guritz to elect a Chairperson. City Administrator Bart Olson was chosen to be Chairperson. Minutes for Approval The minutes from last year's meeting on November 24, 2015 were approved on a unanimous voice vote following a motion by Mr. Guritz and second by Mr. Beltran. Review of Annual Report for US Rt. 34 & Il Rt. 47 Countryside and Downtown Redevelopment Project Areas Rob Fredrickson presented figures and a summary of the Countryside TIF. Mr. Olson added that bond service payments are being made since the NGC Theater was built. If bond payments are able to be completed with outlot development, the bond can be closed out early. Many types of development are being pursued at this time. A summary and review of figures of the Downtown TIF's were also presented by Mr. Fredrickson. Three to four redevelopment agreements were approved for the downtown, however, only one is generating money at this time. The current TIF in the downtown ends in 2029 which is not enough time to incentivize a developer to coordinate a major redevelopment project. The City Council reviewed this recently and determined that $500,000 would first be needed for environmental cleanup. TIF extensions are done by the State and are a maximum of 12 years. Other government bodies must approve before the State will consider the extension. If the extension is desired, Mr. Olson said action must be taken. He will put all this information in writing and send to each member of the Review Board. Attorney Orr will prepare a Resolution in hopes that there will be support from the Board. There was no further business and the meeting adjourned at 3:30pm. Respectfully transcribed by Marlys Young, Minute Taker