HomeMy WebLinkAbout01/27/2005 FC minutes
FINANCE COMMISSION
DRAFT
MINUTES OF THE MEETING
JANUARY 27,2005
VILLAGE HALL BUILDING
DRAFT
I.
CALL TO ORDER
The meeting was called to order at 7:00 p.m. Those present included Chairman John Kom and Commissioners
Charles Bennett, Vince Grochocinski, Ann Hull, Brian McPartlin, Tom Pekras and Ann Smilanic. Also present
were Deputy Director of Finance Carol Widmer and Finance Administrative Assistant Lisa Burkemper. Director of
Finance David Erb was absent.
II.
ApPROVAL OF MINUTES
Commissioner Charles Bennett stated that he had a correction in the December 2, 2004 minutes. Commissioner
Bennett stated that the minutes incorrectly quoted Commissioner Brian McPartlin asking how much the Historical
Society had in reserves; it was Commissioner Bennett who asked the question. Commissioner Tom Pekras
motioned to approve the minutes of December 2, 2004 as amended. Commissioner Charles Bennett seconded the
motion and the minutes were accepted as amended.
III.
DISCUSSION REGARDING PROPOSED 2005 WORK PLAN
Chairman John Kom began the discussion by asking the members if they had any suggested topics to add to the
work plan. Commissioner Charles Bennett asked that the commission have a discussion and receive a status report
on implementing e-pay.
Commissioner Brian McPartlin mentioned he would be interested in discussing the development of the fire station
proj ect.
Commissioner Ann Smilanic added that she would like to talk about sales tax in February. Deputy Director of
Finance Carol Widmer stated that as of Oct 2004 sales tax figures were up 1-1/2% over last year.
IV.
DISCUSSION ON COMBINE SEWER REp AIRS
Deputy Director of Finance Carol Widmer stated that repair work for the combine sewers would probably begin in
the fall of 2005. Ms. Widmer stated that approximately $500,000 is available as seed money to get the project
started. Ms. Widmer also stated that by February Director of Public Works Glen Andler and Deputy Director of
Public Works Sean Dorsey should have a better idea of the course of action on the project once the areas are
mapped out in greater detail. Once the areas are mapped out the village will have a better idea of which areas will
need repairs, when and what approximate costs would be.
V.
CHAIRMAN'S REpORT
There was nothing to report.
VI.
FINANCE DIRECTOR'S REpORT
There was nothing to report.
VII. OTHER BUSINESS
Chairman John Kom mentioned that several members of the commission were interested in obtaining some TIF
information. Chairman Kom then provided the members with a handout related to the TIP. Chairman Korn stated
that according to current discussions the village would like to extend the entire TIF District as well as add the Bank
One parcel and the shopping center at Route 83 and Central to the TIF District extension.
Commissioner Brian McPartlin asked how long the extension would be for. Chairman John Korn stated that the
TIF would be extended for an additional 13 years.
There was a brief discussion on the process the village will follow to get approval from the school in order to be
able to extend the TIF. Commissioner Brian McPartlin stated that the extension would take an agreement between
the schools and then a formula is agreed to and an act of legislation is needed to approve the extension.
Commissioner Ann Hull stated that she is concerned that the village is guaranteeing they will provide the schools
with a fixed amount of tax money with no cap, therefore money must be paid whether there is fund balance or not.
Commissioner Charles Bennett added that it would just give the village the incentive to move quickly to redevelop
the rest of the TIF.
VITI. NEXT MEETING: FEBRUARY 24, 2005
Commissioner Vince Grochocinski motioned to adjourn which Commissioner Charles Bennett seconded. The
meeting was adjourned at 8:12 p.m. The next meeting will be Thursday, February 24,2005.
Respectfully submitted,
Lisa Burkemper
Administrative Assistant
Finance Department
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