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TO: Mayor Richard C. Irvin
FROM: The Law Department
The Mayor's Office
DATE: October 18, 2024
SUBJECT:
A proposed amendment to the 2020 agreement between the City of Aurora and Aurora Downtown.
PURPOSE:
The proposed resolution amends the agreed upon terms between the City of Aurora and Aurora Downtown.
BACKGROUND:
Ordinance No. 4579, adopted December 7, 1976, reestablished as Special Service Area Number 1-A by Ordinance No. 079-4853, adopted November 27, 1979, established Aurora Special Service Area Number One. Aurora Downtown is a duly organized Illinois general not-for-profit corporation established for the purpose of improving, redeveloping, aiding and assisting persons and business enterprises in an area described in the City of Aurora Redevelopment Ordinance Numbered 4471 adopted July 25, 1975, and thereafter amended from time to time, commonly known as Aurora Downtown.
Starting in 2019, the City of Aurora engaged Aurora Downtown to establish a set of formal roles and responsibilities for both the city and Aurora Downtown. That agreement was approved by the City Council on September 22, 2020 (R20-223, attached).
DISCUSSION:
The purpose of this amendment is to create a path for Aurora Downtown to join the merged group of organizations including Invest Aurora, the Aurora Regional Chamber of Commerce and the Quad County African American Chamber of Commerce. The current agreement lists and 365-day termination notice, the proposed amendment implements a 90-day notice. The Aurora Downtown Board vote to approve the amended terms on Thursday, October 17, 2024.
IMPACT STATEMENT:
Acceptance of this proposed amendment will have a positive impact on the ability to better support and serve the businesses and organizations in SSA-1.
RECOMMENDATIONS:
Staff respectfully requests approval of this proposed amendment.
cc: Finance Committee
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution amending...
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