Packed Agenda for DeKalb City Council Special Mtg Tuesday

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There is a lot on the agenda for Tuesday’s special meeting of the DeKalb City Council, including approval of the new City Manager, adoption of the 2019 Annual Budget, 2018 TIF Surplus Declaration, and authorization of several TIF projects including the Egyptian Theatre, a Fiber-Optic Network and a Public Safety Camera System.

The meeting will begin at 5:30 p.m. on Tuesday, December 18, 2018 in the City Council Chambers on the 2nd Floor of the DeKalb Municipal Building, 200 S. Fourth Street, DeKalb, Illinois.

Here are some of the highlights from the agenda (click links for documentation). The entire agenda is posted at bottom.

Resolution 2018-164 Approving of the Appointment of a City Manager for the City of DeKalb, Illinois.

Ordinance 2018-092 Amending the Fiscal Year-End December 31, 2018 (FY2018) Budget and Authorizing a Declaration of Surplus from Tax Increment Financing (TIF) District No. 2. (First Reading)

Resolution 2018-166 Authorizing a Preliminary Incentive Agreement for the Renovation of the Former St. Mary’s Hospital at 145 Fisk Avenue to a Boutique Hotel and Associated Commercial Uses.

Resolution 2018-167 Authorizing a Tax Increment Financing Incentive for the Rehabilitation of the Properties Located at 241-249 East Lincoln Highway.

Resolution 2018-168 Authorizing a Preliminary Development Incentive Agreement for the Renovation of the Egyptian Theatre, 135 N. 2nd Street.

Resolution 2018-169 Authorizing the Design and Construction of a Fiber-Optic Network System and Related Public Safety Camera System for the Central Business District.

Ordinance 2018-090 Adopting the Annual Budget of the City of DeKalb, Illinois for the Fiscal Year Beginning January 1, 2019, and Ending December 31, 2019, in the Amount of $99,065,366, and Approving Related Regulations Having Financial Impact. (Second Reading)

New or Unfinished Business:
Discussion Regarding Tax Increment Financing Districts and Expenditures.
TIF Discussion memo.docx

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