Joint Review Board Downtown TIF 2019 11-12-19 Page 1 of 2
APPROVED 11/24/20
ANNUAL JOINT REVIEW BOARD
UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS
DOWNTOWN REDEVELOPMENT PROJECT AREA
Tuesday, November 12, 2019 3:05pm
City Hall Conference Room
800 Game Farm Rd., Yorkville, IL
Call Meeting to Order
The meeting was called to order at 3:09pm by Chairman/City Administrator Bart Olson.
Roll Call
Roll call was taken as follows:
Present:
City of Yorkville, Bart Olson
Kendall County, no representative
Kendall Township, no representative
Yorkville School District #115, Lisa Banovetz
Waubonsee Community College, Sara Orth
Bristol Kendall Fire Protection District, James Bateman
Others Present:
City Attorney, Kathleen Orr
City of Yorkville, Assistant City Administrator Erin Willrett
City of Yorkville, Finance Director Rob Fredrickson
City of Yorkville, Community Development Director Krysti Barksdale-Noble
Motion to Elect or Re-elect Public Member
The public member, Tom Lindblom, was selected in the immediately preceding meeting.
Motion to Elect or Re-elect Chairperson
Bart Olson was re-elected as Chairman in the preceding meeting.
Minutes for Approval
Mr. Olson entertained a motion to approve the previous meeting minutes of December
11, 2018. So moved by Ms. Banovetz and seconded by Ms. Orth. Approved on a
unanimous voice vote.
Review of Annual Report for the Downtown Redevelopment Project Area
Mr. Fredrickson summarized the revenue and expenses resulting in a negative ending
Fund Balance. The largest expenditure was debt service for the downtown bank building.
He said lists are included of all public and private projects undertaken in this TIF and the
audited statements.
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Questions, Comments from the Board
None
Discussion, Deliberation and Recommendation
Mr. Olson said TIF #1 is in flux and received a previous extension to 2041, though not all
taxing bodies have signed the approval. Many development agreements were approved,
though not all completed. A couple more projects are anticipated and inducement
resolutions have been signed. He summarized the various private projects and proposed
City projects. Since City Council recognizes other funding sources are needed for the
City projects, they will discuss in the future. Mr. Olson noted the proposed 70-home
development on the east side of the City that affects both downtown TIF's . City Council
will decide if this should remain in the TIF.
Public Comment
None
Adjournment
There was no further business and Mr. Olson entertained a motion for adjournment. So
moved by Mr. Lindblom and seconded by Ms. Banovetz. Adjourned at 3:16pm.
Respectfully transcribed by
Marlys Young, Minute Taker