Des Plaines - TIF 6 Report FY 2018FY 2018
ANNUAL TAX INCREMENT FINANCE
REPORT
Name of Municipality: Des Plaines
County: Cook
Unit Code: 016/140/30
First Name; Michael
Address: 1420 Miner Street
Telephone: 847/391-5488
STATE OF ILLINOIS
COMPTROLLER
SUSANA A. MENDOZA
Reporting Fiscal Year:
Fiscal Year End:
2018
12/31/2018
TIF Administrator Contact Information
Last Name; Bartholomew
Title: City Manager
City: Des Plaines ZiD. Snn�F
E-mail- – —
required mbartholomew@desplaines,org
I attest to the best of my knowledge, that this FY 2018 report of the redevelopment project area(s)
In the City/Village of: Des Plaines
Is complete and accurate pursuant to Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] and or
Industrial Jobs Recovery Law [65 ILCS 5/11.-74.6-10 et. seq.].
Written slanature of TIF Administrator Date
Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)')
FILL OUT ONE FOR EACH TIF DISTICT
Name of Redevelopment Project Area
Date Designated Date Terminated
TIF No. 1 Downtown
7/15/1985
TtF No. 3 Willie Road Mt. Prospect Road
8/7/2000
TIF No. 4 Five Corners Rand Road
10/2006 11/19/2014
TI F No. 5 Lee Street Perry Street
4/2/2001
TIF No. 6 Mannheim - Higgins Road
FIF No. 7 Higgins Road and Pratt Avenue
10/15/2001
10/20/2014
*All statutory citations refer to one of two sections of the Illinois Municipal Code: The Tax Increment Allocation
Redevelopment Act [65 ILCS 5/11-74.4-3 et segJ or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]
FY 2018
Name of Redevelopment Project Area (below):
TIF 6 Mannheim Higgins
Primary Use of Redevelopment Project Area": CBD
, +`}!G U,, 41-111 v ,f,1GI LIQ I, 1 U -I IUII IQUUI I/,VIIAGU.
Mixed,
Industrial,Commercia
If "Combination/Mixed" List Component Types: Retail
Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one):
Tax Increment Allocation Redevelopment Act X
Industrial Jobs Recovery Law
Please utilize the information below to properly label the Attachments.
No
Yes
Were there any amendments to the redevelopment plan, the redevelopment project area, or the State Sales Tax Boundary? [65
ILCS 5/11-74.4-5 (d) (1) and 5/11-74.6-22 (d) (1)]
X
If yes, please enclose the amendment labeled Attachment A).
Certification of the Chief Executive Officer of the municipality that the municipality has complied with all of the requirements of the
Act during the preceding fiscal year. [65 ILCS 5/11-74.4-5 (d) (3) and 5/11-74.6-22 (d) (3)]
X
Please enclose the CEO Certification (labeled Attachment B).
Opinion of legal counsel that municipality is in compliance with the Act. [65 ILCS 5/11-74.4-5 (d) (4) and 5/11-74.6-22 (d) (4)]
Please enclose the Legal Counsel Opinion (labeled Attachment C).
X
Statement setting forth all activities undertaken in furtherance of the objectives of the redevelopment plan, including any project
implemented and a description of the redevelopment activities. [65 ILCS 5/11-74.4-5 (d) (7) (A and B) and 5/11-74.6-22 (d) (7) (A
X
and B)]
If yes, please enclose the Activities Statement (labled Attachment D).
Were any agreements entered into by the municipality with regard to the disposition or redevelopment of any property within the
redevelopment project area or the area within the State Sales Tax Boundary? [65 ILCS 5/11-74.4-5 (d) (7) (C) and 5/11-74.6-22 (d)
X
(7) (C)]
If yes, please enclose the Agreements labeled Attachment E).
Is there additional information on the use of all funds received under this Division and steps taken by the municipality to achieve the
objectives of the redevelopment plan? [65 ILCS 5/11-74.4-5 (d) (7) (D) and 5/11-74.6-22 (d) (7) (D)]
X
If es, lease enclose the Additional Information (labeled Attachment F).
Did the municipality's TIF advisors or consultants enter into contracts with entities or persons that have received or are receiving
payments financed by tax increment revenues produced by the same TIF? [65 ILCS 5/11-74.4-5 (d) (7) (E) and 5/11-74.6-22 (d) (7)
X
(E)]
If yes, please enclose the contracts or description of the contracts labeled Attachment G).
Were there any reports or meeting minutes submitted to the municipality by the joint review board? [65 ILCS 5/11-74.4-5 (d) (7) (F)
and 5/11-74.6-22 (d) (7) (F)]
X
If yes, please enclose the Joint Review Board Report (labeled Attachment H).
Were any obligations issued by the municipality? [65 ILCS 5/11-74.4-5 (d) (8) (A) and
5/11-74.6-22 (d) (8) (A)]
X
If yes, please enclose any Official Statement (labeled Attachment 1). If Attachment I is answered yes, then the Analysis
must be attached and labeled Attachment -J).
An analysis prepared by a financial advisor or underwriter setting forth the nature and term of obligation and projected debt service
'including required reserves and debt coverage. [65 ILCS 5/11-74.4-5 (d) (8) (B) and 5/11-74.6-22 (d) (8) (B)]
X
If attachment I is yes, then Analysis MUST be attached and (labeled Attachment J).
Has a cumulative of $100,000 of TIF revenue been deposited into the special tax allocation fund? 65 ILCS 5/11-74.4-5 (d) (2) and
5/11-74.6-22 (d) (2)
X
If yes, please enclose Audited financial statements of the special tax allocation fund
(labeled Attachment KI.-
):Cumulatively,
Cumulatively,have deposits of incremental taxes revenue equal to or greater than $100,000 been made into the special tax
allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)]
If yes, the audit report shall contain a letter from the independent certified public accountant indicating compliance or
X
noncompliance with the requirements of subsection (q) of Section 11-74.4-3 (labeled Attachment L).
A list of all intergovernmental agreements in effect to which the municipality is a part, and an accounting of any money transferred
or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. [65 ILCS 5/11-74.4-5 (d)
X
(10)]
If yes, please enclose the list only, not actual agreements (labeled Attachment M).
SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d)(5)(a)(b)(d)) and (65 ILCS 5/11-74.6-22 (d) (5)(a)(b)(d))
Provide an analysis of the special tax allocation fund.
FY 2018
TIF NAME:
Special Tax Allocation Fund Balance at Beginning of Reporting Period
TIF 6 Mannheim Higgins
C $ (11,516,126)
All Amount Deposited in Special Tax Allocation Fund
Cumulative Total Revenues/Cash Receipts
Total Expenditures/Cash Disbursements (Carried forward from
Section 3.2)
Transfers to Municipal Sources
Distribution of Surplus
Total Expenditures/Disbursements
Net/Income/Cash Receipts Over/(Under) Cash Disbursements
$ 90,207
$ 1,296,348
$ 1,296,348
$ (1,206,141)
$ 19,173,348 100%
FUND BALANCE, END OF REPORTING PERIOD* 1 $ (12,722,267)
* If there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
Cumulative
Revenue/Cash
Totals of
SOURCE of Revenue/Cash Receipts:
Receipts for
Revenue/Cash
Current
Receipts for life
Reporting Year
of TIF
% of Total
Property Tax Increment
$ 93,179
$
1,186,204
6%
State Sales Tax Increment
0%
Local Sales Tax Increment
0%
State Utility Tax Increment
0%
Local Utility Tax Increment
0%
Interest
$ 28
$
545,137
3%
Land/Building Sale Proceeds
$
26,029
0%
Bond Proceeds
$
16,650,249
87%
Transfers from Municipal Sources
0%
Private Sources
0%
Other (identify source if multiple other sources, attach
1
1
schedule)
$ (3,000
$
765,729
4%
All Amount Deposited in Special Tax Allocation Fund
Cumulative Total Revenues/Cash Receipts
Total Expenditures/Cash Disbursements (Carried forward from
Section 3.2)
Transfers to Municipal Sources
Distribution of Surplus
Total Expenditures/Disbursements
Net/Income/Cash Receipts Over/(Under) Cash Disbursements
$ 90,207
$ 1,296,348
$ 1,296,348
$ (1,206,141)
$ 19,173,348 100%
FUND BALANCE, END OF REPORTING PERIOD* 1 $ (12,722,267)
* If there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
SECTION 3.2 A- (65 ILCS 5/11-74.4-5 (d) (5) (c) and 65 ILCS 5/11-74.6-22 (d) (5)(c))
FY 2018
TIF NAME: TIF 6 Mannheim Higgins
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment project costs )
PAGE 1
Category of Permissible Redevelopment Cost j65 ILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-10 (o)] Amounts Reporting Fiscal Year
1. Cost of studies, surveys, development of plans, and specifications. Implementation and administration
of the redevelopment plan, staff and professional service cost.
TIF Administration 3,098
2. Annual administrative cost.
3 Cost of marketing sites.
3,098
$ -I
$ -I
14. Property assembly cost and site preparation costs. I i I
$
I5, Costs of renovation, rehabilitation, reconstruction, relocation, repair or remodeling of existing public or
private buildinq, leasehold improvements, and fixtures within a redevelopment project ai I J
$
16. Costs of the constructuion of public works or improvements. ( ( (
SECTION 3.2 A
PAGE 2
7 Costs of eliminating or removing contaminants and other impediments.
8. Cost ofjob training and retraining projects.
9. Financing costs,
Debt Servcie 1,293,250
$ 1,293,250
10 Capital costs.
11 Cost of reimbursing school districts for their increased costs caused by TIF assisted housing projects.
12 Cost of reimbursing library districts for their increased costs caused by TIF assisted housing projects.
SECTION 3.2 A
PAGE 3
13, Relocation costs,
14 Payments in lieu of taxes.
15. Costs of job training, retraining, advanced vocational or career education
$
16 Interest cost incurred by redeveloper or other nongovernmental persons in connection with a
$
17. Cost of day care services.
18. Other
TOTAL ITEMIZED EXPENDITURES S 1,296,348
Section 3.2 B
FY 2018
11111M -11J1I:l
TIF 6 Mannheim Higgins
Optional: Information in the following sections is not required by law, but would be helpful in creating fiscal
transparency.
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the current reporting year
Name Service Amount
SECTION 3.3 - (65 ILCS 5/11-74.4-5 (d) (5d) 65 ILCS 5/11-74.6-22 (d) (5d)
Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period by source
FY 2018
TIF NAME: TIF 6 Mannheim Higgins
FUND BALANCE BY SOURCE $ (12,722,267)
Amount of Original
Issuance I Amount Designated
1. Descrintion of Debt Oblioations
Bonds Series 2003 C
$
2,250,000
Bonds Series 2004 B
$
7,500,000
Bonds Series 2009 A
$
5,430,000
$
3,560,000
Bonds Series 2011 A
$
250,000
$
78,748
Bonds Series 2013
$
4,390,000
$
1,888,388
Bonds Series 2014
$
2,020,000
$
1,009,046
Total Amount Designated for Obligations
2. Description of Project Costs to be Paid
Total Amount Designated for Project Costs
TOTAL AMOUNT DESIGNATED
$ 21,840,000 1 $ 6,536,182
D
$ 6,536,182
SURPLUS/(DEFICIT) 1 $ (19,258,449)
SECTION 4 [65 ILCS 5/11-74.4-5 (d) (6) and 65 ILCS 5/11-74.6-22 (d) (6)]
FY 2018
TIF NAME: TIF 6 Mannheim Higgins
Provide a description of all property purchased by the municipality during the reporting fiscal year within the
redevelopment project area.
X Check here if no property was acquired by the Municipality within the
Redevelopment Project Area.
Property Acquired by the Municipality Within the Redevelopment Project Area.
Property (1):
Street address.
Approximate size or description of property
Purchase price:
Seller of property:
Property (2)
Street address:
Approximate size or description of property:
Purchase price:
Seller of property:
Property (3):
Street address
Approximate size or description of property:
Purchase price:
Seller of property:
Property (4):
Street address:
Approximate size or description of property:
Purchase price!
Seller of property:
SECTION 5 - 20 ILCS 620/4.7 (7)(F)
PAGE
FY 2018
TIF Name: TIF 6 Mannheim Higgins
Page 1 is to be included with TIF report. Pages 2 and 3 are to be included ONLY if projects are listed
Select ONE of the following by indicating an 'X':
I. NO projects were undertaken by the Municipality Within the Redevelopment Project Area.
2. The Municipality DID undertake projects within the Redevelopment Project Area. (If selecting this option,
X
;omplete 2a.)
2a. The number of projects undertaken by the municipality within the Redevelopment Project Area: 1
LIST the projects undertaken by the Municipality Within the Redevelopment Project Area:
TOTAL:
Estimated Investment
for Subsequent Fiscal Total Estimated to
11/1/99 to Date Year Complete Project
Private Investment Undertaken (See Instructions)
$ $ $ _ -
Public Investment Undertaken
$ $ $ -_
Ratio of Private/Public Investment
0 0
*PROJECT NAME TO BE LISTED AFTER PROJECT NUMBER
I Prnipr.t 1'
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment
0
0
Project 2*:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 3*:
'rivate Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 4*:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 5*:
private Investment Undertaken (See Instructions)
public Investment Undertaken
Ratio of Private/Public Investment 0 0
Project 6*:
Private Investment Undertaken (See Instructions)
Public Investment Undertaken
Patio of Private/Public Investment 0 0
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the
performance of TIF in Illinois. *even though optional MUST be included as part of the complete TIF report
SECTION 6
FY 2018
TIF NAME: TIF 6 Mannheim Higgins
Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project area
Year redevelopment
project area was Reporting Fiscal Year
designated Base EAV EAV
20011 $ 2,136,607 $ 3,171,862.
List all overlapping tax districts in the redevelopment project area.
If overlapping taxing district received a surplus, list the surplus.
X Check if the overlapping taxing districts did not receive a surplus.
Surplus Distributed from redevelopment
Overlapping Taxing District project area to overlapping districts
SECTION 7
Provide information about iob creation and retention:
Description and Type
Number of Jobs Number of Jobs (Temporary or
Retained Created Permanent) of Jobs
Total Salaries Paid
$
$
$ -
$ -
$ -
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
Optional Documents Enclosed
Legal description of redevelopment project area
Map of District
Attachment B Certification of the Chief Executive Officer of the municipality that the
municipality has complied with all of the requirements of the Act during the
reporting Fiscal Year.
Re: City of Des Plaines Certificate of Compliance
Tax Increment Financing District #6 — Mannheim Rd I Higgins Rd Redevelopment
Projpet Area
For Fiscal Year Ending December 31, 2018
I, Matthew J. Bogusz, the duly elected Chief Executive Officer of the City of Des
Plaines, County of Cook, State of Illinois, do hereby certify that to the best of my knowledge, the
City of Des Plaines complied with the requirements pertaining to the Illinois Tax Increment
Redevelopment Allocation Act during the fiscal year beginning January 1, 2018 and ending
December 31, 2018.
MAYO0 — DATE
CITY OF DES PLAINES TIF DISTRICT #6 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY 1, 2018 AND ENDING DECEMBER 31, 2018
RE: Attorney Review City of Des Plaines Mannheim Rd / Higgins Rd TIF District 96
To Whom It May Concern:
This will confirm that I am the General Counsel for the City of Des Plaines, Illinois. I have
reviewed all information provided to me by the City staff and consultants, and I find that the City
of Des Plaines has conformed to all applicable requirements of the Illinois Tax Increment
Redevelopment Allocation Act set forth thereunder for the fiscal year beginning January 1, 2018
and ending December 31, 2018, to the best ofmy knowledge and belief.
Sincerely,
ije' neral Counsel
CITYOF DES PLAINES TIFDISTRICr #6 ANNUAL REPO RT FOR FISCAL YEAR
BEGINNING JANUARY I, 2018 AND ENDING DECEMBER 31, 2018
Attachment D Statement setting forth all activities undertaken in furtherance of the objectives of
the Redevelopment Plan, including any project implemented in the preceding
fiscal year and a description of the activities undertaken [65 ILCS 5/11-74.4-
5(d)(7)(A & B) and 5/11-74.6-22(d)(7)(A & B)]
TIF #6
The City of Des Plaines' sixth TIF District was established in October, 2001. The
creation of this approximately 40.5 acre TIF District was in response to the City's
desire to respond to the problem conditions within an important commercial
intersection within the City of Des Plaines and to revitalize the area. The Plan was
established to promote the development of potentially four (4) new hotels, and
separate redevelopment agreements were approved in 2007 and 2008 (each
agreement included two hotel projects). A commercial strip center was completed
in 2007 including Starbuck's and Potbelly's as tenants. Bonds were previously
issued in 2004 on behalf of this project in order to address land acquisition needs
within the area, which the City completed in 2007. The City refunded a portion of
debt in the reporting Fiscal Year.
However, due to current economic conditions, and restrictions in the capital
markets, the hotel projects have not been initiated, and the City undertook an
amendment to TIF 6 in order to remove certain properties south of Pratt Avenue
into an adjacent, newly created TIF 7. This will allow the City to evaluate new
projects utilizing a lower Base EAV and additional time to amortize project costs.
The City enlisted the participation of the taxing districts as part of an
intergovernmental agreement as part of the TIF #7 designation.
CITY OF DES PLAINES TIF DISTRICT #6 ANNUAL REPORT FOR FISCAL YEAR
BEGINNING JANUARY], 2018 AND ENDING DECEMBER 31, 2018
DES
PLMNES
N () I z CITY OF DES PLAINES
TAX INCREMENT FINANCING DISTRICT
ANNUAL JOINT REVIEW BOARD MEETING MINUTES
AUGUST 8, 2018
1. Welcome by City Representative
Michael McMahon welcomed everyone to today's meeting, introduced himself, and
asked everyone to do the same.
2. Call to Order
Michael McMahon opened the meeting at 10 a.m. at City Hall, 1420 Miner Street,
Room 101, Des Plaines, IL
3. Roll Call (in attendance)
Michael Bartholomew
Mary Kalou
Mark Bertolozzi
Michael Vilendrer
Cathy Johnson
Bill Dussling
Vickie Nissen
Bret Bonnstetter
George Giese
Don Miletic
Karen Stephens
Ellen A. Yearwood
Also Attended:
City Manager, City of Des Plaines
Assistant Superintendent, School District 207
Assistant Superintendent, School District 62
Dir. of Maintenance, Oper., & Trans., School District 62
Associate Superintendent, School District 214
Board Member, School District 214
Asst. Superintendent of Business Services, District 59
Controller/Associate Professor, Harper College
Manager of Administration, Mt. Prospect Park District
Executive Director, Des Plaines Park District
Director of Parks & Recreation, Rosemont Park District
Public Member
Michael McMahon
Director of Community & Econ. Dev., City of Des Plaines
Karolina Kolodziej
Assistant Finance Director, City of Des Plaines
Patrick Ainsworth
Economic Development Coordinator, City of Des Plaines
Lauren Griffin
Executive Secretary, City of Des Plaines
Bob Rychlicki
Kane McKenna & Associates, Inc./TIF Consultant
Gale Cerabona
Recording Secretary
4. Election/Confirmation of Chair
A motion was made by Michael Bartholomew, seconded by Cathy Johnson, to elect
and confirm Director, Michael McMahon, as Chair for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
5. Election/Confirmation of Public Member
A motion was made by Mary Kalou, seconded by Cathy Johnson, to elect and
confirm Ellen Yearwood as Public Member for the meeting.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
6. Approval of Minutes: August 14, 2017
A motion was made by Ellen Yearwood, seconded by Mary Kalou, to approve the
August 14, 2017 minutes as presented.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
7. Public Comment: There were no comments.
8. Review of Activities in District &
9. Review of 2017 State Comptroller's Report
Michael McMahon reminded that typically TIF District No. 3 is at the forefront of the
agenda. There were no objections.
A motion was made by Ellen Yearwood, seconded by Cathy Johnson, to move TIF
District No. 3 to the beginning of the agenda.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
TIF District No. 3 Overview
Michael McMahon turned the meeting over to Bob Rychlicki who advised item
numbers 8 and 9 on the agenda are combined. He reminded that the format, sections,
and pages are derived from the State of Illinois Comptroller's Office. He noted
exhibits, activity, and receipts.
Bob Rychlicki referred to Section 1, Page 2; Michael Bartholomew confirmed this is
accurate. He referred to pages 5 and 6 stating the Manager and Mayor have confirmed
same.
Bob Rychlicki referred to Activities on Page 3 stating there are no amendments, no
new redevelopment agreements, no new financing, nor new obligations; a status quo
year.
Bob Rychlicki referred to Page 18, Section 3.1 stating fiscal activity actualized a
property tax increment of $1,322.484 with interest of $7 for a total amount deposited
in special tax allocation of $1,371.391.
Bob Rychlicki then referred to Page 25, Section 3.3 noting remainder of bonds. This
TIF had a 12 -year extension; it will be retired in 2035with a final payment in 2036.
The base EAV, on Page 30, is increasing. Bob Rychlicki thanked the Districts for
their cooperation.
It was asked if there is any possibility of development. Bob Rychlicki stated it is
nearly a 50% valuation. He gave credit to City Staff. Michael Bartholomew stated
613s would no longer be granted. He noted Prologis requested an extension, which
was denied. City Council is aligning with Staff's position.
A motion was made by Cathy Johnson, seconded by Ellen Yearwood, to accept the
TIF No. 3 report.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
Cathy Johnson thanked the Chair for moving this item up on the agenda and departed
the meeting at 10:10 a.m.
TIF District No. 1 Overview
Bob Rychlicki noted this is the City's downtown District, the oldest and largest TIF.
He advised the City has an obligation by November, 2021, to notify all the Districts.
This is payable in 2022.
Bob Rychlicki noted this has the same certifications as TIF No. 3; no amendments, no
new redevelopments, or new financing, etc. There was a transfer to the property —
noted on Exhibit A. On Page 18, he highlighted a property tax increment of
$4,981,630, interest of $18,389, with a special tax allocation of $5,000,019.
Bob Rychlicki referenced debt service noted in Section 3.2. Lauren Griffin
reproduced Section 3.3 for the group.
On Page 31, Section 6, the base EAV was $20,262,187 with a fiscal -year EAV of
72,336.968; there is significant recovered value.
Michael Bartholomew stated this is the most active District for redevelopment
(OPUS, Compass, Des Plaines Theater, two new restaurants, etc.). The EAV will go
higher in the near future. He noted the Economic Development staff has done an
awesome job.
It was asked if the land sold prior to the TIF. Michael Bartholomew advised it did.
Patrick Ainsworth stated there is over $90,000 in increment; extra revenue.
A motion was made by Don Miletic, seconded by Mary Kalou, to accept the TIF No.
1 report.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
TIF District No. 5 Overview
Bob Rychlicki stated this is an add-on, scheduled to terminate in 2024 with final
payment in 2025. He noted the same series of certifications. There are no
amendments, no new redevelopments or financings, etc.
Bob Rychlicki noted the summary is on Page 18. Property tax increment of $143,878
with $7 in interest totals $143,885. On Page 21, he noted $112,233 is applied to debt
service. There is $440,738 left in principal.
Base EAV is 794,127. Fiscal year EAV is $2,245,534 -- three times the ratio; this is
expected to increase.
A motion was made by Mary Kalou, seconded by Don Miletic, to accept the TIF No.
5 report.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
TIF District No. 6 Overview
Bob Rychlicki advised this is the same schedule as TIF No. 5 — expected to terminate
in 2024 with final payment in 2025. He noted there was an amendment (to TIF No.
7); certifications are similar.
Bob Rychlicki advised there are no amendments, no new redevelopments, or
acquisitions. He indicated a property tax increment of $79,473. Resources will be
placed to TIF No. 7.
Mary Kalou stated the EAV is low; dropped 16.2%. Bob Rychlicki will review (he
noted there are three taxpayers there).
A motion was made by Ellen Yearwood, seconded by Mary Kalou, to accept the TIF
6 report.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
TIF District No. 7 Overview
Bob Rychlicki advised this is the City's newest TIF. It terminates in 2037 with final
payment in 2038. There is redevelopment and land transfer (Orchards at O'Hare);
approved in a prior year; he referred to document attached.
The same series of certifications was noted, no receipts. The base EAV is 0. Michael
Bartholomew explained TIF No. 6 was cut in half with debt remaining. He provided
background and noted development included a car wash, hotel, convenience store,
etc. On the north side of the highway, a legitimate project appears probable. The plan
is to pay off TIF No. 6's debt.
Bob Rychlicki advised there is a surplus on a staggered scale. Cash receipts were due
to the sale; there is construction activity. He noted this was an ambitious and well
thought-out plan.
A motion was made by Karen Stephens, seconded by Ellen Yearwood, to accept the
TIF No. 7 report.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
Bob Rychlicki thanked everyone for participating.
10. Questions from Board Members: There were no questions.
11. Adjournment
A motion was made by Don Miletic, seconded by Ellen Yearwood, to adjourn the
meeting at 10:29 a.m.
On a voice vote:
AYES: All
NAYS: None
Motion: CARRIES
Respectfully submitted,
Gale Cerabona
Recording Secretary
CITY OF DES PLAINES, ILLINOIS
BALANCE SHEET
GOVERNMENTALFUNDS
December 31, 2018
LIABILITIES, DEFERRED INFLOWS OF
Major Governmental Funds
TIF #6
Nonmajor
Total
(Mannheim/
Grant Funded
Capital
Governmental
Governmental
General
Higgins)
Gaming Tax
Projects
Projects
Funds
Funds
ASSETS
$ 24,386,307
Accrued Payroll
1,827,462
-
-
-
-
Cash and Investments
$ 35,083,480
$ -
$ 33,939,158
$ 7,431,237
$ 8,783,065
$ 17,467,531
$ 102,704,471
Receivables (net)
154,921
Deposits Payable
-
-
23,895
5,993
Property Tax Receivable
24,256,973
96,558
-
-
30,106
7,154,249
31,537,886
Other Taxes
1,294,548
-
282,305
-
172,444
-
1,466,992
Accounts Receivable
787,836
-
4,695,250
-
280,956
-
1,068,792
Accrued Interest
10,827
-
-
28,452
39,279
Other
282,618
-
-
-
34,411
317,029
Due from Other Governments
5,667,611
-
2,649,909
7,587,343
1,270,984
149,231
17,325,078
Advances to Other Funds
18,279,838
-
-
-
-
18,279,838
Due From Fiduciary Fund
10,168
-
_ -
7,294,146
-
7,098,405
10,168
TOTAL ASSETS
$ 85,673,899
$ 96,558
$ 36,589,067
$15,018,580
$ 10,537,555
$ 24,833,874
$ 172,749,533
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable
$ 2,430,562
$ 277
$ 16,026,352
$ 1,676,511
$ 2,470,228
$ 1,782,377
$ 24,386,307
Accrued Payroll
1,827,462
-
-
-
-
1,827,462
Accrued Liabilities
154,921
-
-
-
-
154,921
Deposits Payable
-
-
23,895
5,993
31,008
60,896
Advances from Other Funds
-
12,721,990
-
14,260
4,706,521
17,442,771
Unearned Revenue
282,305
12,789,990
-
13,072,295
Total Liabilities
4,695,250
12,722,267
16,025,352
14,490,396
2,490,481
6,519,906
56,944,652
Deferred Inflows of Resources
Deferred Property Tax Revenue
24,244,258
96,558
-
-
29,251
7,098,405
31,468,472
Unavailable Other Revenue
441,032
-
-
7,294,146
-
7,735,178
Total Deferred Inflows of Resources
24,685,290
96,558
-
7,294,146
29,251
7,098,405
39,203,650
Fund Balances
Nonspendable
Long-term Interfund Advances
18,279,838
-
-
-
-
-
18,279,838
Restricted
Economic Development
-
7,938,575
7,938,575
Debt Retirement/Infrastructure
20,562,715
-
-
20,562,715
Streets & Highways
-
-
1,032,957
1,032,957
Public Safety
-
-
1,305,100
1,305,100
Debt Service
-
156,614
156,614
Assigned
Infrastructure
900,000
-
-
8,017,823
-
8,917,823
Capital Acquisitions
10,470,310
-
-
6,039,682
16,509,992
Unassigned
26,643,211[12,722,267)
(6,765,962)
-
[5,257,365]
1,897,617
Total Fund Balances
56,293,359
(12,722,267)
20,562,7156,7�
65,9
8,017,823
11,215,563
76,601,231
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
5 85,673,899
5 96,558
$ 36,589,067
$15,018,580
$ 10,537,555
$ 24,833,874
$ 172,749.533
See accompanying notes to financial statements. 21.
CITY OF DES PLAINES, ILLINOIS
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
Deccmbcr31, 2018
Special Revenue
114..
Community
Motor Fuel
Development
Asset
Foreign Fire
TIF #1
Tax
Block Grant
Seizure
Insurance Tax
(Downtown)
ASSETS
Cash and Investments
$ 1,134,806
$ -
$
842,888
$ 488,321
$
8,032,543
Receivables (Net)
Property Taxes
-
-
-
5,225,159
Accounts Receivable
-
-
Accrued Interest
-
-
-
Other
-
5,305
Due from Other Governments
126,765
22,466
TOTAL ASSETS
$ 1,251,571
$ 22,466
$
848,193
5 488,321
$$
1 57,702
LIABILITIES, DEFERRED INFLOWS OF
RESOURCES, AND FUND BALANCES
Liabilities
Accounts Payable
$ 228,614
$ 16,228
$
15,935
$ 15,479
$
314,077
Deposits Payable
-
-
-
-
31,008
Advances from Other Funds
-
14,325
-
-
Total Liabilities
229,614
30,553
15,935
15,479
345;085
Deferred Inflows of Resources
Deferred Property Tax Revenue
-
-
-
5,174,777
Unavailable Other Revenue
-
Total Deferred Inflows of Resources
-
-
5,174,777
Fund Balances
Restricted
Economic Development
-
-
7,737,840
Streets & Highways
1,032,957
-
-
-
Public Safety
-
-
832,258
472,842
Debt Service
-
"
Assigned
Capital Acquisitions
-
Unassigned
-
(8,087j
-
Total Fund Balances
1,032,957
18.087)
632,258
472,a42
7,737,840
TOTAL LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
$ 1,281,071
$ 22,466
$
848,198
$ 488,321
$
13,257,702
114..
$ 277 $ 119 $ 591,373 $ $ - $ 578,028 $ 22,247 $ $ 1,782,377
_ - _ - - 31,008
3,369,690 1,322,506 - - - 4,706,521
3,369,967 11_9 1,913,879 - 578,028 22,247 - 6,519,906
1,700,909 155,025 67,694 - - 7,098,405
1,700,909 155,025 67,694 -
200,735 - 7,938,575
- 1,032,957
_ 1,305,100
156,614 - - - 156,614
- 3,999,972 273,797 1,765,913 6,039,632
(3.369,967) (1,879,311) - - - (5,257,365)
(3,369,967 200,735 (1,879,311) 156,614 3,999,972 273,797 1,765,913 11,215,5013
$ 1,700,909 $ 355,879 S 102,262 $ 5 156,614 $ 4,578,000 5 296,04.1 $ 1,765,913 $_Z4,83
115.
Debt Service
Special Revenue Funds
Fund
Capital Projects Funds
Total
TIF 47 Emergency
Nonmajor
TIF #3
TIF #5
(Mannheim/ Telephone
Debt
Equipment
I.T. Facilities
Governmental
(Wille Road)
(PerryIee)
Higgins) Stem
Service
Replacement_
Replacement Replacement
Funds
$ -
$ 200,854
$ - $
$ 156,614
$ 4,549,548
$ 296,044 $ 1,765,913
$ 17,467,531
1,700,909
155,025
73,156
-
7,154,249
-
-
29,106
-
- -
29,106
28,452
- -
28,452
-
-
5,305
-
_
149,231
$ 1,700,909
$ 355,879
$ 102,262 $
$ 156,614
S 4,578,000
$ 296,+044 $ 1,765,913
$ 24,833,874
$ 277 $ 119 $ 591,373 $ $ - $ 578,028 $ 22,247 $ $ 1,782,377
_ - _ - - 31,008
3,369,690 1,322,506 - - - 4,706,521
3,369,967 11_9 1,913,879 - 578,028 22,247 - 6,519,906
1,700,909 155,025 67,694 - - 7,098,405
1,700,909 155,025 67,694 -
200,735 - 7,938,575
- 1,032,957
_ 1,305,100
156,614 - - - 156,614
- 3,999,972 273,797 1,765,913 6,039,632
(3.369,967) (1,879,311) - - - (5,257,365)
(3,369,967 200,735 (1,879,311) 156,614 3,999,972 273,797 1,765,913 11,215,5013
$ 1,700,909 $ 355,879 S 102,262 $ 5 156,614 $ 4,578,000 5 296,04.1 $ 1,765,913 $_Z4,83
115.
CITY OF DES PLAINES, ILLINOIS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
Year Ended December 31, 2018
Expenditures
Current:
General Government
Public Safety
Streets and Highways
Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Capital Outlay
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers In
Transfers Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances at Beginning of Year
Fund Balances at End of Year
- 99,344 109,788
1,041,163 - -
- 249,758 1,441,439
1,167,152
91,649
321,646 147,693 127,015 64,281 1,291,635
1,362,809 397,451 226,359 174,069 3,991,875
153,108 29,747 (20,325) (59,159) 719,197
(112,000)
112,000
153,108 29,747 (20,325) (59,159) 607,197
879,849 L37,$34) 852,583 532,001 7,130,643
$ 1,032,957 $ (8,08.7) $ 832,258 $ 472,842 $ 7,737,840
116
Special Revenue Funds
Community
Motor Fuel
Development
Asset
Foreign Fire
TIF #1
Tax
Block Grant
Seizure
Insurance Tax
Dowr+toven
Revenues
Taxes
$ -
$ -
$ -
$ 113,367
$ 4,670,662
Intergovernmental
1,493,866
427.198
172,948
-
-
Fines, Forfeitures and Penalties
-
21,198
-
Investment Income
22,051
-
733
1,543
40,410
Miscellaneous
_ -
11,155
-
Total Revenues
1,515,917
427,198
206,034
114,910
4,711,072
Expenditures
Current:
General Government
Public Safety
Streets and Highways
Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Capital Outlay
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfers In
Transfers Out
Issuance of Debt
Payment to Refunding Bond Escrow
Premium on Bond Issuance
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances at Beginning of Year
Fund Balances at End of Year
- 99,344 109,788
1,041,163 - -
- 249,758 1,441,439
1,167,152
91,649
321,646 147,693 127,015 64,281 1,291,635
1,362,809 397,451 226,359 174,069 3,991,875
153,108 29,747 (20,325) (59,159) 719,197
(112,000)
112,000
153,108 29,747 (20,325) (59,159) 607,197
879,849 L37,$34) 852,583 532,001 7,130,643
$ 1,032,957 $ (8,08.7) $ 832,258 $ 472,842 $ 7,737,840
116
Debt Service
Special Revenue Funds Fund Capital Projects Funds
2,243 2,163 215,755
1,550,000 105,000 -
471,953 10,231 -
- 1,254,126
2,024,196 117,394 1,469,881
(464,472) 39,213 (1,404,463)
61,613
12,500
1,732,554 260,351
1,745,054 321,964
61,613
209,132
1,041,163
1,911,358
2,834,652
- 573,833
- 5,199,301
11,831,052
92,812 (1,472,825] _320,304 1,265,913 (1,4-41;558
220,947 -
1,500,000
250,000
500,000
Total
(6,000)
(48,000)
TIF #7 Emergency
-
-
-
Nonmajor
TIF #3
TIF #5
(Mannheim/ Telephone
Debt
Equipment
I.T. Facilities
Governmental
(Wille Road)
(PerrylLee)
_ Higgins) System
Service
Replacement
Replacement Replacement
Funds
$ 1,559,498
$ 156,591
$ 65,391 $
$ 92,812
$ -
$ - $
$ 6,658,321
101,521
-
-
_
250,000
500,000
2,094,012
_
-
_
-
-
1,765,913
21,198
226
16
27 -
3,972,797
56,211
1,660 -
122,877
$ (3,359,967) $
200,735 5 [1,879,311)
$ - $ 156,614
$ 3,999,972
216,018
- 1,265,913
1,493,086
1,559,724
156,607
65;418
92,812
272,229
1,660 1,265,913
10,389,494
2,243 2,163 215,755
1,550,000 105,000 -
471,953 10,231 -
- 1,254,126
2,024,196 117,394 1,469,881
(464,472) 39,213 (1,404,463)
61,613
12,500
1,732,554 260,351
1,745,054 321,964
61,613
209,132
1,041,163
1,911,358
2,834,652
- 573,833
- 5,199,301
11,831,052
92,812 (1,472,825] _320,304 1,265,913 (1,4-41;558
117.
220,947 -
1,500,000
250,000
500,000
2,470,947
(6,000)
(48,000)
-
-
-
-
(166,000)
12,410,000
-
-
12,410,000
(12,599,628)
-
- -
-
(12,599,628)
297,149
297,149
101,521
- (48,000
220,947 -
1,500,000
250,000
500,000
2,412,468
(362,951)
39,213 (1,452,463)
220,947 92,812
27,175
(70,304)
1,765,913
970,910
(3,007,016)
161,522 (426,848)
____22( 0,947) 63,802
3,972,797
344,101
-
10,244,653
$ (3,359,967) $
200,735 5 [1,879,311)
$ - $ 156,614
$ 3,999,972
$ 273,797
S 1,755,913
$_11,215,563
117.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF#1 (DOWNTOWN) FUND
Year Ended December 31, 2018
With Comparative Actual Amounts for the Year Ended December 31, 2017
Revenues
Property Taxes
Investment Income
Total Revenues
Expenditures
Economic Development
Contractual Services
Commodities
Capital Outlay
Total Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Total Debt Service
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Transfer Out
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance at Beginning of Year
Fund Balance at End of Year
2018
Original and
1,392,976
Final Budget
Actual
$ 4,981,497
$ 4,670,662
_ 7.000
40,410
4,988,497
4,711,072
Variance from
1,392,976
Final Budget
1,154,092
Positive
2017
Ne ative�
Actual
$ (310,835)
$ 4,981,630
33,410
18,389
(277,425)
5,000,019
1,911,290
1,392,976
518,314
1,154,092
82,650
48,463
34,187
57,576
5,305,000
1,291,635
4,013,365
1,323,356
7,298,940
2,733,074
4,565,866
2,535,024
1,163,553
1,167,152
(3,599)
1,138,553
95,284
91,649
3,635
118,547
1,258, 837
1,258,801
36
1,257,100
8,557,777
3,991,875
4,565,902
3,792,124
(3,569,280]
719,197
4,288,477
1,207,895
(112,000)
(112,000)
-
(126,000)
(112,000)
(112,000
-
(126,000
$ (3,681,280)
607,197
$ 4,288,477
1,081,895
7,130,643
6,048,748
$ 7,737,840
$ 7,130,643
120.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE_
BUDGET AND ACTUAL
TIF #3 (WILLE ROAD) FUND
Year Ended December 31, 2018
With Comparative Actual Amounts for the Year Ended December 31, 2017
Revenues
Taxes
Investment Income
Miscellaneous
Total Revenues
Expenditures
Economic Development
Contractual Services
Total Economic Development
Debt Service
Principal
Interest and Fiscal Charges
Total Debt Service
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Refunding Bonds Issued
Premium on Refunding Bonds Issued
Payment to Refunded Bond Escrow Agent
Transfers Out
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance at Beginning of Year
Fund Balance at End of Year
2018
Original and
Final Budget Actual
Variance from
Final Budget
Positive 2017
(Negative) Actual
$ 1,237,046
$ 1,559,498
$ 322,452
$ 1,322,484
10
226
216
7
-
-
-
48,900
1,237,056
1,559,724
322,668
1,371,391
10,480
2,243
8,237
1,888
10,480
2,243
8,237
1,888
1,835,000
1,550,000
285,000
1,095,000
250,177
471,953
(221,776)
268,363
2,085,177
2,021,953
63,224
1,363,363
2,095,657
2,024,196
71,461
1,365,251
(858,601)
(464,472)
394,129
6,140
-
12,410,000
12,410,000
-
297,149
297,149
-
-
(12,599,628)
(12,599,628)
-
(6,000)
(6,000)
-
(6,000)
(6,000)
101,521
107,521
6,000
$ 864,601
(362,951)
$ 501,650
140
(3,007,016)
(3,007,156
$ (3,369,967)
$ (3,007,016
121,
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #5 (PERRY/LEE) FUND
Year Ended December 31, 2018
With Comparative Actual Amounts for the Year Ended December 31, 2017
122.
2018
Variance from
Final Budget
Original and
Positive
2017
Final Budget
Actual
(Negative)
Actual
Revenues
Taxes
$ 143,878
$ 156,591
$ 12,713
$ 143,878
Investment Income
1
16
15
7
Total Revenues
143,879
156,607
12,728
143,885
Expenditures
Economic Development
Contractual Services
400
2,163
(1,763)
1,848
Capital Outlay
75,000
-
75,000
-
Total Economic Development
75,400
_ 2,163
73,237
1,848
Debt Service
Principal
105,000
105,000
-
100,000
Interest and Fiscal Charges
10,237
10,231
6
12,233
Total Debt Service
115,237
115,231
6
112,233
Total Expenditures
190,637
117,394
73,243
114,081
Net Change in Fund Balance
$ (46,758)
39,213
$ 85,971
29,804
Fund Balance at Beginning of Year
161,522
131,718
Fund Balance at End of Year
$ 200,735
$ 161,522
122.
CITY OF DES PLAINES, ILLINOIS
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
TIF #7 (MANNHEIM/HIGGINS) FUND
Year Ended December 31, 2018
With Comparative Actual Amounts for the Year Ended December 31, 2017
Revenues
Taxes
Investment Income
Total Revenues
Expenditures
Economic Development
Contractual Services
Commodities
Capital Outlay
Total Expenditures
Excess (Deficiency) of Revenues
over (under) Expenditures
Other Financing Sources (Uses)
Proceeds from sale of capital assets
Transfers Out
Total Other Financing Sources (Uses)
Net Change in Fund Balance
Fund Balance at Beginning of Year
Fund Balance at End of Year
2018
Variance from
Final Budget
Original and Positive 2017
Final Budget Actual (Negative) Actual
$ 95,632 $ 65,391 $ (30,241) $ -
27 27
95,632 65,418 (30,214)
103,390 215,755 (112,365) 129,338
- - 9,680
- 1,254,126 (1,254,126) ` 602,945
103.390 1,469,881 (1,366,491} 741,963
(7,758) (1,404,463) (1,396.705) 741,963
48,000 (48,000) -
(48,000) _ (48,000) -
$ (55,758 (1,452,463) $ (1,396,705)
(426,848)
$ (1,879,311)
1,759,784
44,000
1,715,784
973,821
1,400, 669
$ 426,848
123.
Crowe
INDEPENDENT ACCOUNTANT'S REPORT
To the Honorable Mayor
and Members of the City Council
City of Des Plaines, Illinois
Crowe LLP
Independent Member Crowe Global
We have examined the City of Des Plaines, Illinois' ("City's") compliance with the requirements of
subsection (q) of Section 11-74.4-3 of the Illinois Tax Increment Redevelopment Allocation Act during the
year ended December 31, 2018. Management of the City is responsible for the City's compliance with the
specified requirements. Our responsibility is to express an opinion on the City's compliance with the
specified requirements based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. Those standards require that we plan and perform the examination
to obtain reasonable assurance about whether the City complied, in all material respects, with the specified
requirements referenced above. An examination involves performing procedures to obtain evidence about
whether the City complied with the specified requirements. The nature, timing, and extent of the procedures
selected depend on ourjudgment, including an assessment of the risks of material noncompliance, whether
due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a
reasonable basis for our opinion.
Our examination does not provide a legal determination on the City's compliance with specified
requirements.
In our opinion, the City complied with the aforementioned requirements for the year ended December 31,
2018, in all material respects.
C4M..tx Lj—P
Crowe LLP
Oak Brook, Illinois
June 17, 2019
215.