HomeMy WebLinkAboutOrdinance 2026-64UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2026-64
AN ORDINANCE AUTHORIZING THE FIFTH AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1, 2026 AND ENDING ON APRIL 30, 2027
(Brownfield Remediation)
Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This S`hday of September, 2026
STATE OF ILLIN01
COUNTY OF KENDALL
FILED
SEP 18 2026
,COUNTY CLERK
KENDALL COUNTY
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on September 18, 2026.
Ordinance No. 2026-64
AN ORDINANCE AUTHORIZING THE FIFTH AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1, 2026 AND ENDING ON APRIL 30, 2027
(Brownfield Remediation)
WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly
existing non -home rule muiucipality 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. 2026-35 on
April 14, 2026 adopting an annual budget for the fiscal year commencing on May 1, 2026 and
ending on April 30, 2027; 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
fiend balances in the downtown TIF II fund with respect to the United City of Yorkville's 2026-
2027 Budget are hereby approved.
Ordinance No. 2026-64
Page 2
Section 2. This ordinance shall be in full force and effect from and after its passage and
approval according to law.
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
81" day of September, A.D. 2026.
CITY CLERK Pvty aei'e
KEN KOCH
AYE
ARDEN JOE PLOCHER AYE
CHRIS FUNKHOUSER AYE
RUSTY CORNEILS AYE
DAN TRANSIER AYE
CRAIG SOLING AYE
MATT MAREK AYE
RUSTY HYETT AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
thisIL' day of_& WMtr , A.D. 2026.
n
Attest:
MAYOR
r
CITY CLERK ��� c%d'k
Ordinance No. 2026-64
Page 3
Schedule A
DOWNTOWN TIF It FUND (89)
The Downtown TIF II was created in 2018, in order to help promote downtown redevelopment and support the existing
Downtown TIF.
Unaudited FY 2027 FY 2027
FY 2024 FY 2025 FY 2026 Adopted Amended
Actual Actual Actual Budget B3 et
Revenue
Taxes $ 145,465 $ 215,723 $ 283,637 $ 385,010 $ 385,010
Other Financing Sources - 900,000 - - -
Total Revenue & Transfers $ 145,465 $ 1,115,723 $ 283,637 $ 385,010 $ 385,010
Expenditures
Contractual Services
$ I6,913 $ 58,079 $ 26,938 $
27,603 $
27,603
Capital Outlay
- 902,643 81,304
5,000
113,500
Debt Service
- - 150,000
150,000
150,000
Total Expenditures
$ 16,913 $ 960,722 $ 258,242 $
182,603 $
291,103
Surplus (Deficit) $ 128,552 $ 155,001 $ 25,395 $ 202,407 $ 93,907
Ending Fund Balance $ 216,129 $ 221,130 $ 246,525 $ 441,769 $ 340,432
$500
N $400
M
c
$300
a
L
$200
$100
$0
1
United City of Yorkville
Downtown T!F !! Fund
890
DOWNTOWN TIF 11 FUND REVENUE
Unaudited FY 2027 FY 2027
FY 2024 FY 2025 FY 2026 Adopted Amended
Account ❑escription
Actual Actual Actual Budget Budget
Faxes
89-00040-00-4000 PROPERTY TAXES
$
145,465 $
215,723
$ 283,637 S
385,010 $ 385,010
Total: Taxes
$
145,465 S
215,723
$ 283,637 $
385,010 $ 385,010
Other Financing Sources
89-000-49-00-4996 1NSTALLWENT CONTRACT PROCEEDS
S
- $
900,000
$ - $
- $ -
Total: Taxes
$
- $
900,000
$ $
- 5
Total: DOWNTOWN TIF It REVENUE
$
145,465 S
1,115,723
S 283 637 $
385,010 $ 385,010
2
United City of Yorkville
Downtown TIF 11 Fund
890
DOWNTOWN TiF
11 FUND EXPENDITURES
Unaudited
FY 2027
FY2027
FY 2024
FY 2025
FY 2026
Adopted
Amenkd
Account
Description
Actual
Actual
Actual
Budget
Suelget
Contractual Services
89-890-54-00-5425
TTF INCENTIVE PAYOUT
$
16,172
$ 28,175
$ 23,886
$
24,603
$
24,603
89-890-54-00-5462
PROFESSIONAL SERVICES
741
29,904
3,052
3,000
3,000
Total: Contractual Services
S
16,913
$ 58,079
S 26,938
S
27,603
S
27,603
Capital Outlay
89-990-60-00-6000
PROJECT COSTS
$
-
S 2,643
$ 81,304
$
5,000
$
113,500
89-890-60-00-6017
PROPERTY ACQUISITION
900,000
-
-
-
Total: Capital Outlay
S
-
$ 902,643
S 81,304
$
5,000
S
113,500
Debt Service - FS Property
89-890-94-00-8000
PRINCIPAL PAYMENT
S
$ -
S 150,000
$
150,000
$
150,000
Total: Debt Service
S
-
S -
$ 150,000
S
150,000
$
150,000
Total: DOWNTOWN TIF II EXPENDITURE'' S
1013
S 960,722
S 258,242
S
182,603
S
291,103
-41