Special Council Meeting

Thursday, May 12, 2005

Mayor Dave France called the meeting to order.

Roll Call:  John Synodinos absent, Dr. Robert Price present, Thomas Bottorf present, Robert Martin Sr. arrived late,
Matt Parise present, Dave Smith present.

Officials:  Mayor Dave France present, Solicitor Christopher D. Becker absent, Clerk Treasurer Mike Payne present,
Walt Ziemba absent.

Moment of Silence

Pledge of Allegiance

Mayor Dave France said that he called this Special Meeting to allow Mike Jacoby from Progress Alliance 2000 to discuss
the idea of TIF Districts in more detail.

Mike Jacoby, Progress Alliance 2000, reviewed his power point presentation concerning TIF Districts.  He specifically
addressed an area between Kings Restaurant and the Wal-Mart Distribution Area that he felt was a potential site for
economic development, but lacked infrastructure, primarily sewage access.

Mike Jacoby said that the Village would need to weigh factors such as infrastructure costs, anticipated wage tax
revenue, the type of clients interested in developing the property and the fact that the Village would be taking on
the primary responsibility for any infrastructure debt.

He said that the state encouraged side agreements with developers to deal with the debt repayment and also encouraged
side agreements with local schools who might lose property taxes.

Mike Jacoby explained that local schools needed to be notified of TIF arrangements, which was primarily a courtesy
notice if the property tax exemption allowed by the TIF District was 75% or less and also was for a period of less
than 10 years.  If the exemption exceeded these limits the school board required more notice and required their
approval.

Mike Jacoby also explained that any economic development in the TIF District that generated a payroll of greater
than $1,000,000 would require the wage tax generated to be split at 50/50 between the Village and the School District
unless the school board agreed to a lesser amount.

Mike Jacoby said that the establishment of the TIF District needed to be filed with the State Taxing Board.

Mike Jacoby said that tax exemption could be granted through a TIF District up to the completion of a project, but
could not be done after construction was complete.

Mike Jacoby emphasized that TIF Districts were to be set up to encourage development that might not otherwise take
place and should not be established for businesses that would be built regardless of whether a political subdivision
gave tax relief.

Council Members discussed briefly what steps could be taken to encourage annexation of the property discussed by Mike
Jacoby as potential development and a potential TIF District.  They agreed that without annexation of the property
the Village could not move any further with considering establishing a TIF District in this area.

Motion by Robert Martin Sr., second by Matt Parise to direct the Solicitor Chris Becker to send a letter to the
principals involved with the Siciliano Trust property including Huberto Siciliano to  determine their interest in
annexation into the Village.  The letter should also inquire whether they would like to meet and discuss this matter
with Village Officials.  A copy of the letter should be forwarded to Mike Jacoby.

Vote: Dr. Robert Price yea, Thomas Bottorf yea, Robert Martin Sr. yea, Matt Parise yea, Dave Smith yea.

Motion passed 5-0.

Motion by Robert Martin Sr., second by Matt Parise to adjourn.

Vote: Dr. Robert Price yea, Thomas Bottorf yea, Robert Martin Sr. yea, Matt Parise yea, Dave Smith yea.

Motion passed 5-0.

Disclaimer:  These are a draft of the minutes and not deemed official until approved by Council.

Mike Payne, Clerk Treasurer
Dave France, Mayor