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TO: Mayor Richard C. Irvin
FROM: John Curley, Chief Development Officer
David Dibo, Executive Director, Mayor's Office of Economic Development
DATE: August 3. 2018
SUBJECT:
A Resolution Approving an Amendment to Resolution R15-257 With Respect to the Seize the Future Development Foundation Finish Line Grant Program Grease Trap and Sanitary Relocation Grant
PURPOSE:
The Purpose of this request is to provide an additional $62,000 in TIF 1 funds toward the Grease Trap and Sanitary Relocation Grant under the Seize the Future Development Foundation (Invest Aurora) Finish Line Grant Program.
BACKGROUND:
The Grease Trap and Sanitary Relocation Grant Program was established as an amendment to the Finish Line Grant Program Resolution No. R15-257 on September 8, 2015. The purpose of this program is to encourage building owners and restaurants on West New York Street to reroute their grease traps and sanitary lines from Pinney Street to New York Street. The program offers a 100% reimbursement of the costs associated with rerouting sanitary lines to W New York and 50% reimbursement of the associated costs to reroute grease traps. Funding for this program comes from the Finish Line Grant, and the total amount currently available in the Finish Line Grant program is $53,721.90. The cost to convert the remaining units, if completed as one large project, is $243,105.23, of which $127,120 has already been committed from the Finish Line Grant; thus, an additional $115,985.23 is needed to fund the project. The Finish Line Grant balance is $53,721.90, leaving a shortfall of $62,263.33.
DISCUSSION:
The Grease Trap and Sanitary Relocation Grant Program is set to expire October 2018. The status of the projects under this program is listed in the Invest Aurora memo dated 5/30/18 and included for review. To date, two of the seven qualifying units have completed their rerouting of grease trap and sanitary lines to W New York Street. Additionally, two sanitary rerouting projects and one shared grease trap installation have been approved. A proposal to complete all the sanitary rerouting at the same time and install one larger grease trap with the capacity to serve all remaining units would save the City of Aurora $100,137.23
IMPACT STATEMENT:
The approval of the TIF 1 request will complete a much needed sanitary sewer disconnect project sought by the City, and provide for furthering restaurant infrastructure in a commercial corridor in the downtown where restaurants currently exist. This would have a positive impact on removing sanitary sewer connections off an aging sewer line.
RECOMMENDATIONS:
It is recommended the City Council approve the allocation of an additional $62,263.33 to cover the Grease Trap and sanitary Relocation Grant Program, and complete the projects within the October 2018 deadline.
cc: Alderman Robert J. O'Connor, Chairman
Alderman Edward J. Bugg, Member
Alderman Theodoros "Ted" Mesiacos, Member
Alderman Richard "Rick" B. Mervine, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution Approving an Amendment to Resolution R15-257 With Respect to the Seize the Future Development Foundation Finish Line Grant Program Grease Trap and Sanitary Relocation Grant.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, the City Council approved Resolution R15-257 in September of 2015 in order to fund through the Finish Line Grant Program Grease Trap and Sanitary Relocation Grant Program for those properties along West New York Street in the Downtown; and
WHEREAS, after the adoption of this Resolution, the City agrees to consider providing Tax Increment Financing District 1 Funds in the amount of Sixty Two Thousand Two Hundred Sixty Three and 33/100 dollars ($62,263.33) in order to complete the sanitary sewer and grease trap project along this area on West New York Street; and;
WHEREAS, the funds being requested will complete the project and save $100,000 compared to doing the projects separately, and
WHEREAS, funding for the project will be by way of a Budget Transfer from Tax Increment Financing District Number 1)
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows:
Section One:
The recitals set forth above are incorporated into this Section as if fully set forth herein.
Section Two: The request to provide an additional $62,263.33 in TIF District 1 Funds to Seize the Future Development Foundation to complete the Grease Trap and Sanitary Relocation Grant Program is hereby approved.
Section 3:
This Resolution shall be in full force and effect after its passage, approval and publication in accordance with applicable law.