Village of Oak Park Finance Committee met June 12.
Here is the agenda provided by the Committee:
1. Call To Order
2. Roll Call
3. Public Comment
4. Approval of Minutes
A. MOT 17-187 Minutes from the October 24, 2016 Meeting of the Finance Committee.
5. New Business
B. ID 17-521 Memo Regarding the June 12, 2017 Meeting of the Finance Committee of the Village Board.
C. ID 17-508 Review and Discuss the FY 2016 Comprehensive Annual Financial Report (CAFR) and Supporting Documents.
Overview: Consistent with past practice, the Finance Committee of the Village Board will meet to review the annual audit and CAFR for the year ending December 31, 2016. The Audit will be presented by the Village’s independent auditing firm, Sikich, prior to their presentation to the Village Board on Monday, June 19, 2017 for acceptance. Additionally, the Village must file the audit with the State by June 30.
D. ID 17-438 Presentation on a Report Regarding Tax Increment Finance “TIF” District Return on Investment and Demographic Analysis
Overview: Development Customer Services Director Grossman has worked with S.B. Friedman to prepare an analysis of the current Oak Park Tax Increment Financing (TIF) Districts. The information presented is through FY2016.
E. ID 17-491 Presentation of Reports Regarding the North Avenue and Roosevelt RoadBusiness Corridor Studies - Economic Development Financing Opportunities
Overview: This presentation will review two reports that analyzed options for publiceconomic development programs along the North Avenue corridor and theRoosvelet Road corridor. Specific programs reviewed include a Tax IncrementFinancing (TIF) District, Special Service Area (SSA) and Business ImprovementDistrict (BID).
6. Old Business
7. Adjournment
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