Annual JRB Mins 11-5-14DRAFT
CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT
ANNUAL JOINT REVIEW BOARD MEETING MINUTES
NOVEMBER 5, 2014
I. Welcome by City Representative
George Sakas introduced himself & welcomed everyone to today’s meeting.
II. Call to Order
George Sakas opened the meeting at 10 a.m. at City Hall, 1420 Miner Street, Room
101, Des Plaines, IL
III. Roll Call (in attendance)
Michael Bartholomew City of Des Plaines, City Manager
Mary Kalou Assistant Superintendent, School District 207
Walter Kazmierczak Trustee, Maine Township
Karen Stephens Rosemont Park District, Director of Parks & Recreation
Nelson Gray Assistant Superintendent, School District 62
Bill Dussling School Board President, School District 214
Sherry Koerner Director of Business Services, School District 214
Ruth Gloede Assistant Superintendent, School District 59
George Giese FOIA Officer, Mt. Prospect Park District
John Bellows Human Resources, Mt. Prospect
Don Miletic Executive Director, Des Plaines Park District
Katie Skibbe Superintendent of Business, Des Plaines Park District
Barry Collins Public Member
Also Attended:
George Sakas Director of Community & Econ. Dev., City of Des Plaines
Dorothy Wisniewski Director of Finance, City of Des Plaines
Linda Kraniak Director of Media, City of Des Plaines
Jon Duddles Asst. Dir. of Publ. Works&Engineering, City of Des Plaines
Dick Sayad Alderman / City Council, City of Des Plaines
Chan Yu Associate Planner, City of Des Plaines
Lauren Griffin Administrative Assistant, City of Des Plaines
Bob Rychlicki Kane McKenna & Associates, Inc. / TIF Consultant
Gale Cerabona Recording Secretary
IV. Election/Confirmation of Public Member
A motion was made by Michael Bartholomew, seconded by Don Miletic, to elect &
confirm Barry Collins as Public Member for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
V. Election/Confirmation of Chair
A motion was made by Michael Bartholomew, seconded by Barry Collins, to elect
and confirm Director, George Sakas, as Chair for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
VI. Approval of Minutes of Previous Joint Review Board Meetings
George Sakas advised today’s agenda includes the TIF 6&7 minutes (2013 & 2014).
A motion was made by Nelson Gray, seconded by Barry Collins, to approve the
August 27, 2013, minutes with correction of typo on page 3, under TIF District No. 1,
3d paragraph, to be spelled as “main”.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
A motion was made by Mary Kalou, seconded by Michael Bartholomew, to approve
the August 20, 2014, minutes for TIF District Nos. 6 & 7.
On a voice vote:
AYES: All
NAYS: None
ABSTAIN: Dussling
Motion: CARRIES
VII. Review of Activities in District
George Sakas stated he wishes to rearrange the agenda to begin with TIF District No.
3. There were no objections.
TIF District No. 3 Overview
Bob Rychlicki stated the format is the same regarding content (State Comptroller’s
Office provides report to City of Des Plaines).
Certifications were noted (Section 1). Certifications were identified from the Mayor
(page 7) & the City Attorney (page 9). Exhibit C (or D) was referenced along with the
City’s audit; dollars are spent in compliance.
Activities were noted (Section 2). There were no amendments. Debt, refunding issue
were noted.
In the last component of the report (page 18), the City identified fiscal activity.
$489,000 TIF revenue was received, bonds are at $579,937 for an approximate total
of $1,069.000. 95% is utilized for debt services. Revenues were noted.
Equalized Assessed Value/EAV is noted (page 30); a 35-year TIF assessed valuation
is just over $10 million.
Ruth Gloede stated/asked:
in 2011, it was 12.4, in 2012 it was 11.1, and in 2014 it’s 10.0 which is not
unusual; Bob Rychlicki concurred.
asked if there are new incentives for industrial properties. Michael
Bartholomew stated – not at this time; 2 incentives are already in place.
asked about the following, & Dorothy Wisniewski responded:
Bond Type AA2
Interest Rate 5.85% originally, now 2.25%
Bill Dussling asked:
if redevelopment of the TIF is complete. Bob Rychlicki responded – yes
if the original TIF was for 14 years, and it’s now 35 years. Bob Rychlicki
advised – yes
if this TIF is contiguous with others. Bob Rychlicki responded – no
George Sakas asked if there were any questions; there were none.
TIF District No. 1 Overview
Bob Rychlicki noted certifications are the same. From 1/31/2013-12/31/2013, there
were no amendments, no redevelopments, & no bond issues. TIF District No. 3 was
included. The City took on various projects (pages 18-19).
This is the City’s oldest & largest TIF (land mass & tax parcels) -- $4,797.68.
Amounts for utilization were contractual. Public improvements, new construction
total $6,796,374.
The City’s obligations were noted (page 26); outstanding bonds & new projects (page
41). Base EAV is over $20 million; last tax year was over $75 million.
Mary Kalou asked what we billed. Michael Bartholomew advised – it goes from
building storefront to sidewalks to water main work.
Barry Collins asked if this streetscape project will continue in 2014. Jon Duddles
replied -- this is in 7 phases.
Nelson Gray asked if the TIF will end early. Michael Bartholomew responded – this
has not been discussed.
Don Miletic asked if more properties will be purchased. Michael Bartholomew stated
– nothing is on the table.
TIF District No. 4 Overview
Bob Rychlicki stated there was no activity, amendments, refunding, redevelopments,
or acquisitions. This TIF impacts the downturn (page 18); very minimal earnings of
$1,900 + $1 interest. Dollars were based on last year’s installment. There is a positive
fund balance.
Base EAV (page 30) was $42 million. Now EAV is below that. No increment is noted
for next year.
George Sakas referred to the October notice indicating the dissolving of the TIF.
Barry Collins asked if there’s been any qualifying interest in development. Michael
Bartholomew stated – yes, there was interest early on but no commitment. Bob
Rychlicki noted that financing & interest has dried up.
TIF District No.5 Overview
Bob Rychlicki noted this is the City’s smallest district. Has the same series of
certifications. Status quo on the plan. No property acquired.
There has been a downturn (page 18) -- $94,000 last year. City’s obligations, bonds
were noted (page 25).
EAV (page 30) is over the base – in excess of $3 million. Property is still occupied;
does cover debt service.
George Sakas asked if there were any questions; there were none.
TIF District No. 6 Overview
George Sakas noted this is a 2013 report.
Bob Rychlicki noted the City amended TIF District No. 6 & added TIF District No. 7
(based on financial downward trend). Same series of certifications. No activities,
redevelopment agreements.
Lack of development (page 18); over $7,000 received. Fiscal activity was noted with
debt service payments. The districts & review prompted the changing of boundaries
& development.
Amendments were noted (page 30).
George Sakas asked if there were any questions.
Nelson Gray asked about the interest rate & Dorothy Wisniewski responded – 2.3%.
VIII. Review of 2013 State Comptroller’s Report
There was none.
IX. Questions from Board, Audience Members
There were none.
George Sakas requested the next meeting to be in August, 2015. These TIFs along
with TIF District Nos. 4 & 7 will be included.
X. Adjournment
A motion was made by Michael Bartholomew, seconded by Barry Collins, to adjourn
the meeting at 10:35 a.m.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
Respectfully submitted,
Gale Cerabona
Recording Secretary