Joint Board of Review Downtown TIF 2023 11-28-23APPROVED W/CORRECTIONS 11/26/24
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ANNUAL JOINT REVIEW BOARD
UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS
DOWNTOWN REDEVELOPMENT PROJECT AREA
Tuesday, November 28, 2023 3:35pm
City Hall Conference Room
651 Prairie Pointe Drive, Yorkville, IL 60560
1. Call the Meeting to Order
The meeting was called to order at 3:41pm by Attorney Kathleen Field Orr.
2. Roll Call
(The roll was called by Ms. Orr in the first of 3 consecutive meetings).
United City of Yorkville, Finance Director Rob Fredrickson
Kendall County, Christina Burns
Kendall Township, Cathy Scalise, Steve Grebner-Township Clerk
Yorkville School District #115, Director of Finance Mr. Kreg Wesley
Waubonsee Community College District #516 Sarah Orth
Bristol Kendall Fire Protection District, no representative present
Others Present:
Yorkville City Attorney, Kathleen Field Orr
City of Yorkville, Assistant City Administrator Erin Willrett
City of Yorkville, Community Development Director Krysti Barksdale-Noble
Economic Development Director, Lynn Dubajic Kellogg
Ms. Orr asked that the record reflect that Kendall County representatives are officially
part of this TIF discussion.
3. Motion to Elect or Re-elect a Public Member
In the Joint Board of Review meeting just prior to this, Ms. Orr stated no one would be
elected.
4. Motion to Elect or Re-elect a Chairperson
Mr. Fredrickson was elected Chairperson in the first of three consecutive Joint Board of
Review meetings.
5. Minutes for Approval
No action was taken on the previous meeting minutes of November 22, 2022. One
returning public participant was absent last year and the remainder of the public
participants were not on the Board then.
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6. Review of Annual Report for the Downtown Redevelopment Project Area
Mr. Fredrickson presented the report and said the TIF began in 2006 and ends in 2029.
In FY 2023, it began with a negative fund balance of -($1.64) million and received
$100,000 in property tax, expenditures of $75,000 with a surplus of about $25,000. He
said there is also a list of itemized expenditures in the report. Developer Imperial
Investments has a developer incentive and received $10,000. There is also a list of
various projects in this TIF and other financial documents.
Attorney Orr explained why this TIF has a negative amount. She said there were major
infrastructure improvements by the city advancing the money and hoping the TIF would
be able to reimburse. The city entered into a development agreement since no money can
be recouped unless development actually occurs, however, development has not occurred
as hoped. This TIF ends in 2029 and the city will likely not be reimbursed.
Ms. Dubajic Kellogg reported on the projects occurring in this TIF. She said a new
restaurant/bar, The Vault, is opening next week. Also recently opened is a wine bar. The
Williams Group has also opened businesses.
7. Questions, Comments from the Board
Mr. Grebner/Kendall Township asked what will happen since no money has been
generated from this TIF. When the TIF ends, the Township will get the benefit of the
increased levy, replied Ms. Orr. He asked if the TIF might be extended. Ms. Orr said
this TIF may be extended due to opportunities. Ms. Orr also noted that new businesses
bring increased sales tax to the city. Ms. Scalise asked if there is a Timber Ridge TIF
and Ms. Orr said that TIF was not formed.
8. Discussion, Deliberation and Recommendations
None
9. Public Comment
None
10. Adjournment
There was no further business and the meeting ended at 3:52pm on a motion by Ms. Orth
and second by Mr. Wesley
NOTE: Following the official adjournment, Board members had additional questions and
discussion pertinent to this meeting. Here is the recap of the discussion that resumed.
Ms. Noble clarified that Timber Ridge was actually in a TIF, but no benefits were
received. Timber Ridge is in both TIF's with 54 lots in the first TIF which is being built
now. She said the south end is TIF 2 and the northern end is TIF 1. Ms. Scalise said the
county is keeping watch on this and asked how the funds are captured. There are no
funds now, said Ms. Orr, but the county will eventually see an increase in the EAV to
benefit all taxing bodies. Ms. Scalise asked how this affects the PTELL jurisdiction and
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said that all would be well-served by understanding the levy process. Ms. Orr said the
PTELL is an increase on the levy.
Respectfully transcribed by
Marlys Young, Minute Taker