MEETING OUTLINE

August 3, 1995

Introduction by Village President

A. Purposeof Meeting
B. Explanation of TIF Funding

School Board Presentationof Financial Dilemma

Discussionof Intent of ProposedActions:

A. Direct available fund balanceto District 90 while maintaining the

necessarycontrol over the annualflow of TIF incrementalr&enue
to assurethat:

l. Debt servicewill be paid;

2. The new Village complex will be completed;
3. Future TIF projectscan be funded if desired.

B. Improve District 90 financial situation without increasedtax burden.

C. Distribute to the greatestextent possible TIF incrementalrevenueto

the community.

D. Avoid declaring,surplusunder the TIF Act thereby requiring the

return of the declaredsurplusstatesalestax increment to thJ Ilinois
Departmentof Revenueand the proportional return of the declared
surplusproperty tax incrementto all taxing bodies.

E. Attempt to changestatelaw to specifically referencethis distribution

under the TIF Act.

F. Continue the tradition of broad basedcommunify support for quality

public education.

G. N_ospecific oversight authority by the Village Board on the exact use

of the funds other than all dollars will be ured in the Education
Fund.
 MINUTES
SPECIAL MEETING
Au g u s t 3 , 1 9 9 5

T he s p e ci a l m eet ing of th e Bo a rd o f Ed u c a ti on of S chool

Dis t ric t 1 190, Cook Co u n ty , Il l i n o i s , a n d th e R i ver Forest
V illage Bo a r d of T r us te e s , was called to o r der i n the
R o oseve l t Sc hool audit o ri u m, 7 5 6 0 O a k A v e n ue, R i ver Forest,
Il l i n ois, o n A ugus t 3, 1 9 9 5 , a t 7 :3 5 p .rn .

The following River Forest Village Board Members were

p r e sent:

M r . F r ank P a rj -s , P re s i d e n t
Tr us t ee Dillo n
Trustee Graham
T r us t ee Hep p e s
T r us t ee S ull i v a n
T r us t ee Ride r
T r us t ee Riga s

Al s o pre se nt : Mr. Ch a rl e s B i o n d o , Village A dmi ni strator

Mr. T er ry B a rn i c l e , B o a rd A t torney

The following River Forest Board of Education Members \4rere

Dr e sent:

Mr s . Nanc y M c C ra c k e n , P re s i d e n t
Mr s . Car lot t a Lucchesi, V i c e P re si dent
Mr . P hilip P . 0 rD o n n e l l , Se e re ta ry
Mr s . Car oly n L a n g

Also pre se n t : Dr . T y r a L . M a n n i n g , Su p e ri n t endent

M r . J oh n B a rry r D i re c to r o f S chool Operati ons
M r s . P a tri c i a Cleveland, R e c ordi ng S ecretary

P r eside n t P ar is s t at ed th a t th e p u rp o s e o f the meeti ng w as

t o dis cu ss an int er gov e rn me n ta l a g re e me n t betw een the V i l l age
B o a r d a n d the S c hool B o a rd w h i c h w o u l d a l l o w the di stri buti on
o f ava i l a b l e f unds f r o m th e V i l l a g e I s T IF D i stri ct to S ehool
D i s t r ic t 9 0.

Mr. Biondo introduced the Village Board Members and Dr. Manning
in t r odu ce d t he B oar d o f E d u c a ti o n M e m b e rs D resent.

P r eside n t P ar is out line d th e T a x In c re m e n t Fi nance A ct bri efl y

a n d ex p l a i n e d t hat f un d s a re g e n e ra te d b y property tax revenues
a n d sa l e s tax r ev enues w i th i n th e d i s tri c t w hi ch encompasses
t h e Lake St r eet bus ines s c o rri d o r. W h e n the TIF di stri ct w as
c r e at ed se v en y ear s ag o , th e a s s e s s e d v a l u e of property
w it hin th e dis t r ic t wa s fro z e n a t a b a s e y e ar for 20 years.
I f t hose a s s es s ed v alu e s i n c re a s e r a n y a d d i ti onal tax revenues
a b ov e th e b as e 1ev e1 g o i n to th e T IF fu n d , i nstead of the l oca1
t ax ing b o d i e s .
 Minutes (2)
August 3, 1995

P r eside n t P ar is pr es en te d th e p o s i ti o n o f the R i -ver Forest

Village Board by recommending that an agreement with the
R iver Fo re st B oar d of E d u c a ti o n w o u l d p e rm it the V i l l age
t o distri b u te ex c es s fu n d s fro u r T IF re v e n u es w hi l e mai ntai ni ng
control over the annual flow of TIF incremental revenue to
a s s ur e th a t t he f ollowi n g re s p o n s i b i l i ti e s are met:

1. De b t ser v ic e paid fo r b o n d s n o w o u ts ta n di ng.

) Ne w Vi l l age c om ple x c o mp l e te d a s p l a n n ed.

3. Fu tu re T I F pr ojec t s fu n d e d if d e s i re d .

Only a fte r m eet ing all o f th e i r o w n fi n a n c i al responsi bi l i ti es

w o uld th e V illage be c o rn m i tte d to re l e a s e f unds to the S chool
D ist rict.

P r eside n t M c Cr ac k en vo i c e d her appreciati-on for the collaboration

between the two Boards and the opportunity to work together to keep
t ax do l l a rs in t he V il l a g e to benefit both the children and the
community.

D r . M a n n i n g dis c us s ed th e fi n a n c i a l p o s i ti o n of the R i ver

F ores t Pu b l ic S c hools a n d th e s te p s ta k e n r ecentl y to remedy a
p r ojecte d s hor t f all by th e L 9 9 8 -9 9 s c h o o l vear.

I n 199 3 -9 4 s c hool y ear, th e B o a rd a p p o i n te d S trategi c P l anni ng

representatives drar^m from the community to study the financial
s tat us o f the dis t r ic t a mo n g o th e r c h a rg e s . Mr. D an Lupi ano
chaired the Financial Plan Action Team which did a complete
s tudy o f th e dis t r ic t fi n a n c e s a n d w ro te th e D i stri ct 90 S tory
w hic h sta te s t hat t he D i s tri c t i s s p e n d i n g more than i t i s
taking j.n and has done so for several yeals

With the recomnendations of the Strategic Planning Finance Plan

A c t ion Te a m and t he D i s tri -c t F i n a n c e a n d O perati ons C orumi ttee,
t h e Bo a rd o f E duc at ion p u t a re fe re n d u m o n the A pri l , 1995,
b a llot re q ues t ing an i n c re a s e to $ 2 .7 O fro m $2.145 i n the
E d uc a ti -o n Funds t o op e ra te th e D i s tri c t th r ough the year 2000.

T he f a i l u re of t he r ef e re n d u m p ro m p te d c u ts i n di stri ct programs
w hile a tte m pt ing t o ma i n ta i n a high level of educati onal servi ces
to t hose ch ildr en t he d i s tri c t i s ma n d a te d to serve,5-13 year ol ds.
Pr o jecti o n s s ignal t ha t re s e rv e s w i l l b e d e pl eted by the 1998-99
s c hoo l ye a r.

Pr e s ide n t Par is point e d o u t th a t th e S c h o o l D i stri ct has l ost

$ 1, 400,0 0 0 in t ax r ev e n u e s b e c a u s e o f th e TIF D i stri ct and he
fe lt th a t t his oppor t u n i ty to a s s i s t th e S chool D i stri ct shoul d
b e t ake n .
 Minutes (3)
August 3, 1995

P r es ide n t Par is out line d th e fo l l o w i n g i n te nti ons of the

R iv er Fo re s t V illage B o a rd i n a d d i ti o n to t hei r fi scal
re s pon si b i l i ti e s alr ead y s ta te d :

r) I mp ro ve Dis t r ic t 9 0 fi n a n c i a l s i tu a ti o n w i thout i ncreased

t ax b u rden.

2) Di stri b u te to t he g re a te s t e x te n t possible TIF i ncremental

revenu to the coumunitv.

3) Avoid declaring surplus under the TIF Act thereby

requiring the return of the declared surplus state sales
tax increment to the Illinois Department of Revnue and
the proportional return of the deelared surplus property
tax increment to all taxing bodies.

4) Atte mp t t o c hange s ta te l a w to s p c i fi c a l l y reference

t hi s d i s t r ibut ion under th e T IF A c t.

4) Co n ti n u e t he t r adit i o n o f b ro a d based community support

f or q u alit y public e d u c a ti o n .

5) N o sp e c if ic ov er s ig h t a u th o ri ty by the Village Board on

t h e e xa ct us e of t h e fu n d s o th e r th a n a ll dol l ars will be
us e d i n t he E duc ati o n F und.

Pr es ide n t P ar is s t at ed th a t th i s ty p e o f a c ti on by the V i l l age

Bo ard i s n o t wit hout p re c e d e n e e . A l th o u g h TIF revenues w ere
n o t use d , var ious c ommu n i ty p ro j e c ts h a v e been funded by the
Village Board such as the new Community Center and the Park
a t t he Pri o r y .

Pr es ide n t P ar is announ c e d th a t th e me e ti n g w oul d be opened to

p u blic co mm ent bef or e d i s c u s s i o n b y th e tw o B oards and the
fo l l ow in g c it iz ens m a d e s ta te me n ts o r c o m n ents :

Pa t r ic k Ho st y r l, ili11iam Gl e a s o n , S a n d i Be rc o vi tz, K evi n P eppard'

J a mes Fa u l kner , Dav id K u e l p e r, J . C re c z e k , D avi d H anson,
E r ic Sa mo re , J oe E lwoo d , K i rs te n C o e ' Me rry B eth K ow al czyk'
M a r laine McV is k , S ally D e l B e c a rro , Ma rth a Schauss, Maura Zi nni '
T om C u l l e n , A 1 S wans o n , D o n Pe te rs , Pa u l Bri stol

Most coumunity members spoke in support of distributing funds

fr om th e TI F Dis t r ic t to D i s tri c t 9 0 . S e v eral questi ons w ere
ra is ed co n cer ning dis tri b u ti o n to D i s tri c t 200 as w el l as the
e l em enta ry s c hools . En th u s i a s ti c s u p p o rt was gi ven to the
fiscal management of the School District by Dr. Manning and
c o ncern fo r t he f ut ur e e x c e l l e n c e o f e d u c a t i on i n the vi l l age
was vo i ce d .

After all members of the audience had the opportunity to be

heard, President Paris asked the two Boards to express their
opini-ons and answer questions raised by coumunity members.
 Minutes (4)
August 3, 1995

T rus t e e Gr aham s pok e to th e q u e s ti o n o f d i stri buti ng funds

to D istri ct 200 as we l l a s D i s tri c t 9 0 b y expl ai ni ng that
M r. Offe rma n and M r s . Srn i l e y d i s c u s s e d th e i r posi ti on w i th
the two Bo ar ds on J uly 2 4 a t a j o i n t m e e ti ng stati ng that
any funding the Village could give them would be an
i n sign i fi ca n t f ac t or i n fu l fi l l i n g th e i r monetary needs and
m ight a ct agains t t he m b y p ro mo ti n g a fa l s e sense i n the
c o rnmu n i ty t hat t his c o u l d s o l v e th e i r fi n a nci al probl ems.

If all fu n ding is dir e c te d to D i s tri c t 9 0 to forestal l a

r ef er e n d u m, a f ut ur e re fe re n d u rn b y D i s tri c t 200 w oul d be
in a b e tte r pos it ion to p a s s v o te rs o f b o th communi ti es

T r u s t e e Il e ppes s t at ed th a t th e re i s n o g u arantee i n regard

t o a fu tu re r ef er endum b y D i s tri e t 90. D r . Manni ng rei terated
t he po si ti o n of t he B o a rd o f Ed u c a ti o n o f D i stri ct 90 by
maint a i n i n g t hat if th e ti me l i n e o f th e p r oj ecti ons enti tl ed
S c enari o T wo by t he R i v e r F o re s t V i l l a g e Board and the
c ont r i b u ti o n s in t hat p ro j e c ti o n a re m e t a ccordi ng to that
t im eli n e a nd if ot her u n s e e n v a ri a b l e s d o not occur, the
B o ard o f E duc at ion c o u l d b e i n a p o s i ti o n to commi t to a fi ve
year p ro j e c t ion not to s e e k a ta x ra te i n c rease through a
r e f ere n d u m unt il t he y e a r 2 0 0 1 . B e c a u s e proj ecti ons beyond
fiv e ye a rs ar e dif f ic ul t to s u p p o rt, D r. M ani ng sai d that
she cannot at this point in time commit beyond that but is
c e r t ain l y not s t at ing th a t th e D i s tri c t w i ll need to seek a
rat e i n cre as e at t hat ti m e .

T r us t e e R i d er s ugges t e d th a t a n a g re e me n t be drarnm up w i th
the imput of both Dr. Manning and Mr. Biondo upon advi_ce of
couns e l fo r t he B oar d s to p e ru s e a n d re v i .e w separatel y
b ef ore vo ting appr ov a l a t th e i r re s p e c ti v e B oard meeti ngs.

A f t er co n si der ing t he re c o mme n d a ti o n to d raw up a contract

w it hou t d ollar am ount s , i t w a s d e c i d e d th a t i t w as not possi bl e
f o r Di .stri ct 90 t o m a k e a n y c o rn m i ttme n t to be a party to an
Intergovernmental Agreernent without the timeline and amounts
t o be co n tribut ed f r om th e Vi l l a g e . D r. M anni ng and presi dent
M ccra cke n wer e c lear i n s ta ti n g th a t th e di stri ct has based i tts
p r o jecte d plans on t h e s c e n a ri o a s p re s e n ted i n the proj ecti ons
p r e sente d t o bot h B oa rd s . (C o p y i n Offi c i a l Mi nutes)

B ot h Bo a rd s believ e t h e y a re u n d e r a ti me constrai nt to make

t he loca l T I F agr eem e n t b e fo re c h a n g e s i n TIF l aw s are enacted
b y t he l l l i nois G ener a l As s e mb l y i n th e L e gi sl ature t s veto
ses sion th a t begins a fte r Labor Day.

A f t er a l l m em ber s of b o th Bo a rd s h a s fu l 1 opportuni ty to be
heard, it was the consensus that an Intergovernmental Agreement
w ould b e d r awn up enc o m p a s s i n g th e fu n d i n g concept as di scussed
w it h th e tim eline and a m o u n ts a s p re s e n te d w i th l egal detai l s
t o be wo rke d out bet w e e n c o u s e l s o f e a c h Board. It w as agreed
t h at a n 1 8 nont h not ic e b e g i v e n D i s tri c t 90 i n the event the
e x pecte d cont r ibut ion would not be available.