FY 2016 ANNUAL TAX INCREMENT FINANCE REPORT STATEOFILLINOIS COMPTROLLER LESLIEGEISSLER MUNGER Name of Municipality: City of Belleville Reporting Fiscal Year: -~--------- County: St. Clair Fiscal Year End: Unit Code: 088/015/30 2011;) 04/30/201(3 I TIF Administrator Contact Information ------------------------- First Name: Jamie Last Name: Maitret -~------------- --~------------- Address: 101 South Illinois Street Title: Finance Director ...:....:.:.=.:.;:.:....::..:.:...:..:..=:_--=---- Telephone: (618) 233-6810 City: _B....:.e_lIe;...v..:..;.iII..:..:.e Zip: E-mail- required [email protected]--------------- Best way to _X_ Email contact __ Mobile --------------- 62220 Mobile Mobile Provider __ Phone __ Mail I attest to the best of my knowledge, this report of the redevelopment project areas in: City of Belleville is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] Or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.] Date Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)*) FILL OUT ONE FOR EACH TIF DISTICT Name of Redevelopment Project Area Date Designated Date Terminated Tax Increment Financing District #3 12/30/1986 .. *AII statutory citations refer to one of two sections of the lllinois Municipal Code: the Tax Increment Allocation Redevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]
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FY 2016ANNUAL TAX INCREMENT FINANCE
REPORT
STATEOFILLINOISCOMPTROLLER
LESLIEGEISSLERMUNGER
Name of Municipality: City of Belleville Reporting Fiscal Year:-~---------County: St. Clair Fiscal Year End:
Unit Code: 088/015/30
2011;)
04/30/201(3
I TIF Administrator Contact Information-------------------------First Name: Jamie Last Name: Maitret-~------------- --~-------------Address: 101 South Illinois Street Title: Finance Director...:....:.:.=.:.;:.:....::..:.:...:..:..=:_--=------Telephone: (618) 233-6810 City: _B....:.e_lIe;...v..:..;.iII..:..:.eZip:
E-mail-required [email protected] way to _X_ Emailcontact __ Mobile---------------
62220
MobileMobileProvider
__ Phone__ Mail
I attest to the best of my knowledge, this report of the redevelopment project areas in: City of Belleville
is complete and accurate at the end of this reporting Fiscal year under the Tax Increment Allocation RedevelopmentAct [65 ILCS 5/11-74.4-3 et. seq.] Or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]
Date
Section 1 (65 ILCS 5/11-74.4-5 (d) (1.5) and 65 ILCS 5/11-74.6-22 (d) (1.5)*)FILL OUT ONE FOR EACH TIF DISTICT
Name of Redevelopment Project Area Date Designated Date TerminatedTax Increment Financing District #3 12/30/1986
..*AII statutory citations refer to one of two sections of the lllinois Municipal Code: the Tax Increment AllocationRedevelopment Act [65 ILCS 5/11-74.4-3 et. seq.] or the Industrial Jobs Recovery Law [65 ILCS 5/11-74.6-10 et. seq.]
SECTION 2 [Sections 2 through 5 must be completed for each redevelopment project area listed in Section 1.]FY2016
TaxIncrementFinancingName of Redevelopment Project Area: District#3Primary Use of Redevelopment Project Area*: Combination/MixedIf "Combination/Mixed" List Component Types: Industrial; Other Camm.
Under which section of the Illinois Municipal Code was Redevelopment Project Area designated? (check one):Tax Increment Allocation Redevelopment Act X Industrial Jobs Recovery Law
Were there any amendments to the redevelopment plan, the redevelopment project area, or the StateSalesTax Boundary? [65 ILCS5/11-74.4-5 (d) (1) and 5/11-74.6-22 (d) (1)]If es, lease enclose the amendment labeled Attachment ACertification of the Chief Executive Officer of the municipality that the municipality has complied with allof the requirements of the Act during the preceding fiscal year. [65 ILCS5/11-74.4-5 (d) (3) and 5/11-74.622 (d) (3)]Please enclose the CEO Certification labeled Attachment BOpinion of legal counsel that municipality is in compliance with the Act. [65 ILCS5/11-74.4-5 (d) (4) and5/11-74.6-22 (d) (4)]Please enclose the Le al Counsel 0 inion labeled Attachment C
Were any obligations issued by municipality? [65 ILCS5/11-74.4-5 (d) (8) (A) and5/11-74.6-22 (d) (8) (A)]If es, lease enclose the Official Statement labeled Attachment I
Were there any activities undertaken in furtherance of the objectives of the redevelopment plan,including any project implemented in the preceding fiscal year and a description of the activitiesundertaken? [65 ILCS5/11-74.4-5 (d) (7) (A and B)and 5/11-74.6-22 (d) (7) (A and B)]If es, lease enclose the Activities Statement labeled Attachment D
x
x
No Yes
x
x
xWere any agreements entered into by the municipality with regard to the disposition or redevelopmentof any property within the redevelopment project area or the area within the State SalesTax Boundary?[65 ILCS5/11-74.4-5 (d) (7) (C)and 5/11-74.6-22 (d) (7) (C)]If es, lease enclose the A reement s labeled Attachment E xIs there additional information on the use of all funds received under this Division and steps taken by themunicipality to achieve the objectives of the redevelopment plan? [65 ILCS5/11-74.4-5 (d) (7) (D) and5/11-74.6-22 (d) (7) (D)]If es, lease enclose the Additional Information labeled Attachment FDid the municipality's TIF advisors or consultants enter into contracts with entities or persons that havereceived or are receiving payments financed by tax increment revenues produced by the same TIF? [65ILCS5/11-74.4-5 (d) (7) (E)and 5/11-74.6-22 (d) (7) (E)]If yes, please enclose the contract(s) or description of the contract(s) labeled Attachment G
Were there any reports or meeting minutes submitted to the municipality by the joint review board? [65ILCS5/11-74.4-5 (d) (7) (F)and 5/11-74.6-22 (d) (7) (F)]If es, lease enclose the Joint Review Board Re ort labeled Attachment H
x
x
Was analysis prepared by a financial advisor or underwriter setting forth the nature and term ofobligation and projected debt service including required reserves and debt coverage? [65 ILCS5/11-74.4-5 (d) (8) (B)and 5/11-74.6-22 (d) (8) (B)]If yes, please enclose the Analysis labeled Attachment JCumulatively, have deposits from any source equal or greater than $100,000 been made into the specialtax allocation fund? 65 ILCS 5/11-74.4-5 (d) (2) and 5/11-7 4.6-22 (d) (2)If yes, please enclose Audited financial statements of the special tax allocation fundlabeled Attachment K
x
x
xCumulatively, have deposits of incremental taxes revenue equal to or greater than $100,000 been madeinto the special tax allocation fund? [65 ILCS 5/11-74.4-5 (d) (9) and 5/11-74.6-22 (d) (9)]If yes, please enclose a certified letter statement reviewing compliance with the Act labeledAttachment L xA list of all intergovernmental agreements in effect to which the municipality is a part, and an accountingof any money transferred or received by the municipality during that fiscal year pursuant to thoseintergovernmental agreements. [65 ILCS 5/11-74.4-5 (d) (10)]If yes, please enclose list only, not actual agreements labeled Attachment M X* Types include: Central BusinessDistrict, Retail, Other Commercial, Industrial, Residential, and Combination/Mixed.
SECTION 3.1 - (65 ILCS 5/11-74.4-5 (d) (5) and 65 ILCS 5/11-74.6-22 (d) (5))Provide an analysis of the special tax allocation fund.
Revenue/Cash Receipts Deposited in Fund During Reporting FY: Reporting Year Cumulative* % of TotalProperty Tax Increment $ 10,826,328 $ 170,778,195 83%State SalesTax Increment $ 3,501,444 2%Local SalesTax Increment $ 1,513,695 1%State Utility Tax Increment 0%Local Utility Tax Increment 0%Interest $ 10,451 $ 3,090,820 2%Land/Building Sale Proceeds s 336,148 0%Bond Proceeds $ 5,399,925 3%Transfers from Municipal Sources $ 8,256,560 4%Private Sources $ 1,024,596 1%
Other (Reimbursements $65,144 - Grants $245,080 - Loan Proceeds $138,156) $ 448,380 $ 11,495,491 6%*must be completed where current or prioryear(s) have reported funds
Total Amount Deposited in Special Tax AllocationFund During Reporting Period I$ 11,285,159 I
I $ 205,396,874 I 100%1Cumulative Total Revenues/Cash Receipts
Total Expenditures/Cash Disbursements (Carried forward from Section 3.2) I$ 12,867,0681
Distribution of Surplus 1'-- _
Total Expenditures/Disbursements I $ 12,867,068 I
NET INCOME/CASH RECEIPTS OVER/(UNDER) CASH DISBURSEMENTS I $ (1,581,909)1
FUND BALANCE, END OF REPORTING PERIOD* I $ 2,581,1441* if there is a positive fund balance at the end of the reporting period, you must complete Section 3.3
SURPLUS*/{DEFICIT)(Carried forward from Section 3.3) 1$ {4,064,532)1
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND(by category of permissible redevelopment cost, amounts expended during reporting period)
,Category of Permissible Redevelopment Cost [6SILCS 5/11-74.4-3 (q) and 65 ILCS 5/11-74.6-10 (0)] Amounts Reporting Fiscal Year1. Costs of studies, administration and professional services-Subsections (q)(1) and (0) (1)
Professional Services 187,148Administration 1,406,377Dues 850
$ 1,594,3752. Cost of marketing sites-Subsections (q)(1.6) and (0)(1.6)
Marketing 58,915
$ 58,9153.Property assembly: property acquisition, building demolition, site preparation and environmentalsite improvement costs. Subsections (q)(2) , (0)(2) and (0)(3)
Property Assembly 9,105Demolitions 513,764
$ 522,8694.Costs of rehabilitation, reconstruction, repair or remodeling OfeXisting public or private buildings.Subsection (q)(3) and (0)(4)
Remodeling 189,820Repairs 47,279Transfer to Debt Service Fund 66 for Bonds for Remodeling of Police Department HQ 687,150Transfer to Debt Service Fund 46 for Bonds for Remodeling of Police Department HQ 1,166,263
$ 2,090,5125. Costs of construction of public works and improvements. Subsection (q)(4) and (0)(5)
South First Street 141,893North Illinois Streetscape 202,485
IL 13/Freeburg Avenue Roundabout 214,883West Belleville Bike Trail 81,764South 8th Street 587,849West Main Streetscape from 6th to 17th Street 48,448Juanita Place 61,772Other - See Attached Schedule for Additional Projects 1,965,923 $ 3,305,017
6.Costs of removing contaminants required by environmental laws or rules (0)(6) - Industrial JobsRecovery TIFs ONLY
$ -
FOR AMOUNTS >$10 000 SECTION 3 2 B MUST BE COMPLETED
SECTION 3.2 APAGE 2
7. Cost of job training and retraining, including "welfare to work" programs Subsection (q)(5), (0)(7)and (0)(12)
$ -
8.Financing costs related to obligations issued by the municipality. Subsection (q) (6) and (0)(8)Interest and Fiscal Agent Fees 244,603
$ 244,6039. Approved taxing district's capital costs. Subsection (q)(7) and (0)(9)
Capital Costs 5,050,777
$ 5,050,77710. Cost of Reimbursing school districts for their increased costs caused by TIF assisted housingprojects. Subsection (q)(7.5) - Tax Increment Allocation Redevelopment TIFs ONLY
$ -11. Relocation costs. Subsection (q)(8) and (0)(10)
$ -12.Payments in lieu of taxes as defined in Subsections 11-74.43(m) and 11-74.6-10(k). Subsection(q)(9) and (0)(11)
$ -13. Costs of job training, retraining advanced vocational or career education provided by othertaxing bodies. Subsection (q)(10) and (0)(12)
$ -
SECTION 3.2 APAGE 3
14. Costs of reimbursing private developers for interest expenses incurred on approvedredevelopment projects. Subsection (q)(11 )(A-E) and (o)(13)(A-E)
$ -15. Costs of construction of new housing units for low income and very low-income households.Subsection (q)(11)(F) - Tax Increment Allocation Redevelopment TIFs ONLY
$ -16. Cost of day care services and operational costs of day care centers. Subsection (q) (11.5) _Tax Increment Allocation Redevelopment TIFs ONLY
$ -
ITOTAL ITEMIZED EXPENDITURES 12,867,068 I
SECTION 3.2 A- (651LCS 5/11-74.4-5 (d) (5) and 651LCS 5/11-74.6-22 (d) (5))Continuation of Item #5 from Page 1
FY 2016TIF NAME: TIF #3
ITEMIZED LIST OF ALL EXPENDITURES FROM THE SPECIAL TAX ALLOCATION FUND
(by category of permissible redevelopment cost, amounts expended during reporting period)
,Category of Permissible Redevelopment Cost [65ILCS 5/11-74.4-3 (q) and 651LCS 5/11-74.6-10 (0)] Amounts Reporting Fiscal Year
5. Costs of construction of public works and improvements. Subsection (q)(4) and (0)(5) -continued
Infrastructure Improvements 159,171Ditch Program 61,554Asphalt Patch 157,082Parking Lot & Bike Trail Resealing 28,863Sidewalk Projects 234,900Citizen to Bellevue Bike Trail 164,649N Charles I Scheel Street 22,776West Main & 23rd St 9,808Transfer to Sewer Construction Fund 1,000,000East A Street 57,365Lakeshore Drive 9,03929th Street 60,716
Total Carried Forward to Section 3.2A, Page 1, Item #5 $ 1,965,923
FOR AMOUNTS >$10 000 SECTION 3 2 B MUST BE COMPLETED
Section 3.2 BFY 2016TIF NAME: Tax Increment Financing District #3
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the currentreporting year.
There were no vendors, including other municipal funds, paid in excess of$10,000 during the current reporting period.
Name Service Amount
Belle Valley District 119 Capital Costs $ 465,473.00Belleville Americorps Professional Services $ 15,000.00Belleville HSDistrict 201 Capital Costs $ 1,491,897.00Belleville Main Street, Inc. Marketing $ 10,000.00Belleville News Democrat Marketing $ 21,410.00Belleville School District 118 Capital Costs $ 1,839,083.00Bel-O Sales& Service, Inc. Repairs s 37,455.00Brent Bergheger Chrysler-Dodge Capital Costs $ 29,796.00CDSOffice Technologies Capital Costs $ 23,856.00Christ Bros. Asphalt, Inc. Const. of Public Works & Improve. $ 98,976.00Commerce Bank Remodeling & Capital Costs $ 148,105.00Dave Sinclair Ford, Inc. Capital Costs $ 50,358.00Electrico, Inc. Professional Services $ 39,122.00Fournie Contracting Company, Inc. Const. of Public Works & Improve. $ 220,724.00Glaenzer Electric Professional Services $ 17,737.00Gonzalez Companies, LLC Const. of Public Works & Improve. $ 51,701.00Hank's Excavating & Landscaping, Inc. Const. of Public Works & Improve. $ 1,053,420.00Harmony School District 175 Capital Costs $ 295,712.00Hayes Contracting Inc. Demolitions $ 63,764.00High Mount District 116 Capital Costs $ 12,645.00Illinois Department of Transportation Const. of Public Works & Improve. $ 139,707.00KaskaskiaEngineering Group LLC Prof. Svcs& Const. of Public Works $ 447,986.00Kroger Limited Partnership I Demolitions $ 200,000.00Kuhlmann Design Group Prof. Svcs& Const. of Public Works $ 40,429.00Lindenwood University Remodeling $ 150,000.00Lochmueller Group Const. of Public Works & Improve. $ 12,826.00Miles Chevrolet Capital Costs $ 18,444.00Morrow Bros Ford, Inc. Capital Costs $ 23,919.00Oates Associates, Inc. Professional Services $ 10,899.00Preservation Research Office Professional Services $ 10,600.00EdRoehr Safety Products Capital Costs $ 17,786.00RushTruck Center Capital Costs $ 138,156.00Shiloh Valley Equipment Co. Capital Costs $ 34,436.00Signal Hill District 181 Capital Costs $ 128,761.00Sonnenberg Asphalt Co. Const. of Public Works & Improve. $ 28,863.00Southwestern Illinois College Capital Costs $ 68,338.00St. Paul's Home Demolitions $ 250,000.00SeeAttached Schedule for Additional Vendors
Section 3.2 B (continued)FY 2016T1FNAME: TIF #3
List all vendors, including other municipal funds, that were paid in excess of $10,000 during the currentreporting year.
There were no vendors, including other municipal funds, paid in excess of$10,000 during the current reporting period.
Name Service AmountTreasurer State of Illinois Const. of Public Works & Improve. $ 102,430.00Tri Ford Inc. Capital Costs $ 258,118.00Volkert Inc. Const. of Public Works & Improve. $ 81,783.00William Brubaker Professional Services $ 34,784.00Wireless USA Capital Costs $ 19,404.00General Fund Administration $ 1,406,377.00PDConstruction Debt Service Fund 66 Rehabilitation & Remodeling $ 687,150.00PDConstruction Debt Service Fund 46 Rehabilitation & Remodeling $ 1,166,263.00Sewer Construction Fund Const. of Public Works & Improve. $ 1,000,000.00UMB Bank Financing Costs $ 244,603.00
SECTION 3.3 - (65ILCS 5/11-74.4-5 (d) (5) 651LCS 11-74.6-22 (d) (5))Breakdown of the Balance in the Special Tax Allocation Fund At the End of the Reporting Period
FY 2016
TIF NAME: Tax Increment Financing District #3
FUND BALANCE, END OF REPORTING PERIOD 2,581,144 I
Amount of OriginalIssuance Amount Designated
1 Description of Debt ObligationsGeneral Obligation Series 2011 Bonds $ 4,819,925 $ 4,819,925Lease Obligations $ 1,156,272 $ 800,914
Total Amount Designated for Obligations 5,976,197 I$ 5,620,839 I
2. Description of Project Costs to be PaidProperty Assembly $ 43,827Remodeling $ 955,735Demolition $ 25,275
Total Amount Designated for Project Costs 1$ 1,024,837 I
TOTAL AMOUNT DESIGNATED 1$ 6,645,676 I
SURPLUS*/(DEFICIT) 1$ (4,064,532) I
* NOTE: If a surplus is calculated, the municipality may be required to repay the amount to overlapping taxing
SECTION 4 [65ILCS 5/11-74.4-5 (d) (6) and 651LCS 5/11-74.6-22 (d) (6)]FY 2016TIF NAME: Tax Increment Financing District #3Provide a description of all property purchased by the municipality during the reporting fiscal year within theredevelopment project area.
_X_ No property was acquired by the Municipality Within the Redevelopment Project Area
Property Acquired by the Municipality Within the Redevelopment Project Area
Property (1):Street address:Approximate size or description of property:Purchase price:Seller of property:
Property (2):Street address:Approximate size or description of property:Purchase price:Seller of property:
Property (3):Street address:Approximate size or description of property:Purchase price:Seller of property:
Property (4):Street address:Approximate size or description of property:Purchase price:Seller of property:
'Page 1 is to be included with TIF Report. Pages 2-3 are to be included ONLY if projects are listed.Box below must be filled in with either a check or number of projects, not bothCheck if NO projects were undertaken by the Municipality Within the Redevelopment Project Area: ---ENTER total number of projects undertaken by the Municipality Within the Redevelopment Project Areaand list them in detail below'. 119
Estimated Investmentfor Subsequent Fiscal Total Estimated to
TOTAL: 11/1/99 to Date Year Complete ProjectPrivate Investment Undertaken (See Instructions) $ 83,853,347 $ - $ -Public Investment Undertaken $ 37,390,961 $ 1,024,827 $ -Ratio of Private/Public Investment 2 8/33 0
Project 1: 'IF PROJECTS ARE LISTED NUMBER MUST BE ENTERED ABOVECleveland Ave Bridqe Reconstruction
Private Investment Undertaken (See Instructions) $ -Public Investment Undertaken $ 765,708Ratio of Private/Public Investment 0 0
Project 2:
Peterson Pond Dam
Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 30,286Ratio of Private/Public Investment 0 0
Project 3:
20th Street Overlay
Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 7,278Ratio of Private/Public Investment 0 0
Project 4:
Traffic Signal Update
Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 67,433Ratio of Private/Public Investment 0 0
Project 5:
Bikeways
Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 494,667Ratio of Private/Public Investment 0 0
Project 6:
Bellevue Park
Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 316,137Ratio of Private/Public Investment 0 0
PAGE 4
Project 26:West Main Parkinc LotPrivate Investment Undertaken (See Instructions) $ -Public Investment Undertaken $ 17,750Ratio of Private/Public Investment 0 0
Project 27:City Hall WindowsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 37,610Ratio of Private/Public Investment 0 0
Project 28:Douqlas & E Main; 6th & W Main ImprovementsPrivate Investment Undertaken (See InstructionS)Public Investment Undertaken $ 33,579Ratio of Private/Public Investment 0 0
Project 29:North Charles StreetscapePrivate Investment Undertaken(See Instructions)Public Investment Undertaken $ 109,069Ratio of Private/Public Investment 0 0
Project 30:West Main Welcome SiqnPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 75,190Ratio of Private/Public Investment 0 0
Project 31:Walnut Hill Cemetery ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 70,504Ratio of Private/Public Investment 0 0
Project 32:Parkina LotsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 195,372Ratio of Private/Public Investment 0 0
Project 33:Citizen Park ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 133,868Ratio of Private/Public Investment 0 0
Project 35:Scheel Street StationPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 51,255Ratio of Private/Public Investment 0 0
PAGE 5
Project 36:South Jackson Street ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 134,355Ratio of Private/Public Investment 0 0
Project 37:11th Street ConstructionPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 508,047Ratio of Private/Public Investment 0 0
Project 38:Belleville StreetscapePrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 855,260Ratio of Private/Public Investment 0 0
Project 39:North 15th Street & Donna DrivePrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 322,725Ratio of Private/Public Investment 0 0
Project 40:Public Works OfficePrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 69,156Ratio of Private/Public Investment 0 0
Project 41:South Belt West Sewer SeparationPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 2,870,268Ratio of Private/Public Investment 0 0
Project 42:South Fire StationPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 3,196,225Ratio of Private/Public Investment 0 0
Project 43:17th Street Extension and WideningPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 4,859,589Ratio of Private/Public Investment 0 0
Project 44:Old Caseyville/15th Street ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 111,419Ratio of Private/Public Investment 0 0
Project 45:Sandwedoe @ 159 ProjectPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 291,179Ratio of Private/Public Investment 0 0
PAGE 6
Project 46:512 West Main - Parks & Recreation BldqPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 1,809,720Ratio of Private/Public Investment 0 0
Project 47:Maintenance Campus/Salt Storace BldqPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 606,967Ratio of Private/Public Investment 0 0
Project 48:Frank Scott Parkway WideningPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 745,067Ratio of Private/Public Investment 0 0
Project 49:Tower Plaza Road ExtensionPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 119,166Ratio of Private/Public Investment 0 0
Project 50:95th & IL 157Private Investment Undertaken (See Instructions)Public Investment Undertaken $ 278,090Ratio of Private/Public Investment 0 0
Project 51:U-Mark Inc.Private Investment Undertaken (See Instructions) $ 70,000Public Investment Undertaken $ 11,000Ratio of Private/Public Investment 6 4/11 0
Project 52:White CottaqePrivate Investment Undertaken (See Instructions) $ 55,000Public Investment UndertakenRatio of Private/Public Investment 0 0
Project 53:Watt's CODYSYstemsPrivate Investment Undertaken (See Instructions) $ 290,800Public Investment UndertakenRatio of Private/Public Investment 0 0
Project 54:Yaekel & AssociatesPrivate Investment Undertaken (See Instructions) $ 145,000Public Investment Undertaken $ 36,800Ratio of Private/Public Investment 363/67 0
Project 55:Shaw Manaaement CoroPrivate Investment Undertaken (See Instructions) $ 100,700Public Investment Undertaken $ 20,000Ratio of Private/Public Investment 5 2/57 0
PAGE 7
Project 56:Southwest Illinois Health VenturesPrivate Investment Undertaken (See Instructions) $ 2,000,000Public Investment Undertaken $ 150,000Ratio of Private/Public Investment 13 1/3 0
Project 57:Super Center of BellevillePrivate Investment Undertaken (See Instructions) $ 180,000Public Investment Undertaken $ 1,240Ratio of Private/Public Investment 145 5/31 0
Project 58:PTL ManufaturinaPrivate Investment Undertaken (See Instructions) $ 1,850,000Public Investment Undertaken $ 169,071Ratio of Private/Public Investment 1065/69 0
Project 59:RST LLCPrivate Investment Undertaken (See Instructions) $ 844,000Public Investment Undertaken $ 32,790 $ 4,000Ratio of Private/Public Investment 2571/96 0
Project 60:Plumbers & Pipefitters Local 101Private Investment Undertaken (See Instructions) $ 3,371,000Public Investment Undertaken $ 52,139Ratio of Private/Public Investment 6417/26 0
Project 61:Manorit HosoitalitvPrivate Investment Undertaken (See Instructions) $ 1,450,000Public Investment Undertaken $ 60,000Ratio of Private/Public Investment 24 1/6 0
Project 62:McCuliouah's FloorinaPrivate Investment Undertaken (See Instructions) $ 850,000Public Investment Undertaken $ 105,000Ratio of Private/Public Investment 8 2/21 0
Project 63:Mever on MainPrivate Investment Undertaken (See Instructions) $ 250,000Public Investment Undertaken $ 100,000Ratio of Private/Public Investment 2 1/2 0
Project 64:Market Fresh PizzaPrivate Investment Undertaken (See Instructions) $ 151,100Public Investment Undertaken $ 6,600Ratio of Private/Public Investment 2259/66 0
Project 65:Oliver C. JosephPrivate Investment Undertaken (See Instructions) $ 4,279,000Public Investment Undertaken $ 141,667Ratio of Private/Public Investment 30 9/44 0
PAGE 8
Project 66:Kelly's LimousinePrivate Investment Undertaken (See Instructions) $ 2,300,000Public Investment Undertaken $ 120,000Ratio of Private/Public Investment 19 1/6 0
Project 67:Lindenwood UniversityPrivate Investment Undertaken (See Instructions) $ 12,000,000Public Investment Undertaken $ 2,515,580 $ 900,000Ratio of Private/Public Investment 457/74 0
Project 68:Lindenwood UniversityPrivate Investment Undertaken (See Instructions) $ 150,000Public Investment Undertaken $ 75,000Ratio of Private/Public Investment 2 0
Project 69:Jimmy John's Gourmet SandwichesPrivate Investment Undertaken (See Instructions) $ 640,000Public Investment UndertakenRatio of Private/Public Investment 0 0
Project 101 :Juanita PlacePrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 554,926Ratio of Private/Public Investment 0 0
Project 102:Lincoln AvenuePrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 346,425Ratio of Private/Public Investment 0 0
Project 103:Glenview ResurfacinaPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 73,939Ratio of Private/Public Investment 0 0
Project 104:Parkinq Lot ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 173,019Ratio of Private/Public Investment 0 0
Project 105:South First StreetPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 205,536Ratio of Private/Public Investment 0 0
PAGE 12
IProject 106"IL 13/Freebura Avenue RoundaboutPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 253,220Ratio of Private/Public Investment 0 0
Project 107:West Belleville Bike TrailPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 348,673Ratio of Private/Public Investment 0 0
Project 108:South 8th StreetPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 759,681Ratio of Private/Public Investment 0 0
Iproject 109:W M' S 6th 1 h Sest am treetscaoe rom to 7t treetPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 150,868Ratio of Private/Public Investment 0 0
IProject 110:S 'douthsi e Park ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 145,846Ratio of Private/Public Investment 0 0
IProject 111:Houah Park ImprovementsPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 183,372Ratio of Private/Public Investment 0 0
Project 112:MAC Medical, Inc.Private Investment Undertaken (See Instructions) $ 930,000Public Investment Undertaken $ 15,000Ratio of Private/Public Investment 62 0
Project 113:Pro-Pack Testina Laboratorv, Inc.Private Investment Undertaken (See Instructions) $ 365,532Public Investment Undertaken $ 5,955Ratio of Private/Public Investment 0 0
Project 114:St. Paul's HomePrivate Investment Undertaken (See Instructions) $ 29,500,000Public Investment Undertaken $ 250,000Ratio of Private/Public Investment 118 0
Project 115:Empire Comfort SYstems, Inc.Private Investment Undertaken (See Instructions) $ 327,600Public Investment Undertaken $ 25,275Ratio of Private/Public Investment 0 0
PAGE 13
Project 116:East A StreetPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 57,365Ratio of Private/Public Investment 0 0
Project 117:Lakeshore DrivePrivate Investment Undertaken (See InstructionS)Public Investment Undertaken $ 9,039Ratio of Private/Public Investment 0 0
Project 118:29th StreetPrivate Investment Undertaken (See Instructions)Public Investment Undertaken $ 60,716Ratio of Private/Public Investment 0 0
Project 119:Precision Practice Manaqernent, Inc.Private Investment Undertaken (See Instructions) $ 250,000Public Investment UndertakenRatio of Private/Public Investment 0 0
Optional: Information in the following sections is not required by law, but would be helpful in evaluating the performanceof TlF in Illinois. 'even though optional MUST be included as part of complete TIF reportSECTION 6FY 2016TIF NAME: Tax Increment Financing District #3
Provide the base EAV (at the time of designation) and the EAV for the year reported for the redevelopment project areaYear redevelopmentproject area was
designated Base EAVReporting Fiscal Year
EAV
List all overlapping tax districts in the redevelopment project area.If overlapping taxing district received a surplus, list the surplus.
__ The overlapping taxing districts did not receive a surplus.
Surplus Distributed from redevelopmentOverlapping Taxing District project area to overlapping districts
$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -
SECTION 7Provide information about job creation and retention
Description and TypeNumber of Jobs Number of Jobs (Temporary or
Retained Created Permanent) of Jobs Total Salaries Paid
$ -$ -$ -$ -$ -$ -
$ -
1 _
SECTION 8
Provide a general description of the redevelopment project area using only major boundaries:
Optional Documents EnclosedLegal description of redevelopment project areaMap of District
ATTACHMENTB
CITY OF BELLEVILLE, ILLINOIS
MARK W. ECKERT,MAYOR101 SOUTH ILLINOIS STREETBELLEVILLE, ILLINOIS 62220-2105(618) 233-6810
CITY FLAGDESIGNED BY
FREDRICK L. LANGEJULY6~ 1964 ~1'
September 16,2016
C.J. Schlosser & Company, L.L.C.233 East Center DriveP.O. Box416Alton, IL 62002
RE: Tax Increment Financing District #1, Tax Increment Financing District #2, TaxIncrement Financing District #3, Tax Increment Financing District #4, Tax IncrementFinancing District # 8 Downtown South, Tax Increment Financing District #9Southwinds Estate, Tax Increment Financing District #10 Lower Richland Creek, TaxIncrement Financing District #11 Industrial Jobs Recovery, Tax Increment FinancingDistrict #12 Sherman Street, Tax Increment Financing District #13 Drake Road, TaxIncrement Financing District #14 Route 15 East, Tax Increment Financing District #15Carlyle/Greenmount, Tax Increment Financing District #16 Route 15 West, TaxIncrement Financing District #17 East Main Street, Tax Increment Financing District #18Scheel Street, Tax Increment Financing District #19 Frank Scott Parkway, Tax IncrementFinancing District #20 Rt.15/South Greenmount, Tax Increment Financing District #21Belle Valley Phase III, and Tax Increment Financing District #22 Route 15 North.
Dear Gentlemen I Ladies:
I, Mark W. Eckert, the duly elected Mayor of the City of Belleville, Illinois, County of St.Clair, and as such, do hereby certify that the City of Belleville has complied with allrequirements pertaining to the Tax Increment Redevelopment Allocation Act during themunicipal fiscal year ending May 1,2015- April 30, 2016 to the best of my knowledgeand belief.
Sincerely,c~:r~~w-Mark W. EckertMayor
ATTACHMENTC
CITY OF BELLEVILLE, ILLINOIS
GARRETT P. HOERNER, CITY ATTORNEY5111 West Main StreetBELLEVILLE, ILLINOIS 62226-4728Phone: (618) 235-0020Fax: (618) 235-8558E-Mail: [email protected]
CITY FLAGDESIGNED BY
FREDRICK L LANGEJUL Y S'" 1964
September 16,2016C.J. Schlosser233 East Center DriveP.O. Box 416Alton, Illinois 62002
Re: Illinois Tax Increment Redevelopment Act:Fiscal Year 2016 (May 1, 2015 through April 30, 2016)
Tax Increment Financing District #1, Tax Increment Financing District #2, TaxIncrement Financing District #3, Tax Increment Financing District #4, TaxIncrement Financing District #8 Downtown South, Tax Increment FinancingDistrict #9 Southwinds Estate, Tax Increment Financing District #10 LowerRichland Creek, Tax Increment Financing District #11 Industrial Jobs Recovery,Tax Increment Financing District #12 Sherman Street, Tax Increment FinancingDistrict #13 Drake Road, Tax Increment Financing District #14 Route15 East, TaxIncrement Financing District #15 Carlyle/Greenmount, Tax Increment FinancingDistrict #16 Route 15 West, Tax Increment Financing District #17 East Main Street,Tax Increment Financing District #18 Scheel Street, Tax Increment FinancingDistrict #19 Frank Scott Parkway, Tax Increment Financing District #20Rt.15/South Greenmount, Tax Increment Financing District #21 Belle Valley PhaseIII, Tax Increment Financing District #22 Route 15 North.
Mr. Schlosser:
As City Attorney for the City of Belleville, Illinois (City), I have reviewed allinformation provided to me by the Mayor and his staff for the period May 1,2015 through April30, 2016 (FY2016). I find that the City has conformed to all applicable requirements of theIllinois Tax Increment Redevelopment Allocation Act set forth thereunder, to the best of myknowledge and belief.
This opinion relates only to the time period set forth and is based upon informationavailable to me.
By:Garrett P. Hoerner
ATTACHMENTD
PART II - ACTIVITIES
During its Fiscal Year ending April 30) 2016, the City of Belleville undertook or assistedin the following activities within its Tax Increment Financing Districts:
TIF#l
TIF#2
TIF#3
TIF #4TIF#8
TIF#9TIF #10
TIF #11TIF #12
TIF #13TIF #14TIF #15
TIF #16
TIF #17
TIF #18TIF #19
TIF #20TIF #21
This District incurred expense of $15,526 to Hank's Excavating &Landscaping for sidewalk improvements.This District incurred expense of $24,000 for Art on the Squaresponsorship fee.$4,458,490 of tax incentive rebates were issued to school districts and$9,105 of tax incentive rebates were issued to businesses. This Districtalso completed several public works improvements as well as performedneeded demolition activity.No Material Activity.This District incurred expense of $278,137 for demolition and newsidewalks.This District incurred expense of$16,756 for pump station repairs.$762,984 was paid a developer to reimburse for costs incurred forimprovements that are part of a developer agreement.No Material Activity.This District incurred expense of $384,884 for street and ditchimprovements.No Material Activity.No Material Activity.This District paid out tax incentive rebates of $737,472 for costsincurred for improvements that are part of a developer agreement relatedto a retail complex located near Greenmount Road. This District alsoretired bond debt related to the retail complex.TIllS District paid out tax incentive rebates of $53,193 to a business. ThisDistrict also incurred expense related to the ditch program.This District incurred expense of $13,500 related to Bellecourt BanquetCenter improvements.No Material Activity.Tills District paid out tax incentive rebates of $480,601 to a business aspart of a developer agreement and retired bond debt related to thatagreement.This District paid out tax incentive rebates of $61 ,534 to a business.No Material Activity.
26
PAGE 01
ATTACHMENTEDEVELOPMENT AGREEMENT
(THIRD AMENDMENT)
This agreement made this 6th day of July, 2015by and between the City ofBelleville,' Illinois (the "City") and TIBe, Inc. ("TIBe, Inc:'):
:WITNESSETH:
WHEREAS, TIBC, Inc. has invested a minimum of $490,000.00to completePhase I ("Phase III) of the remodeling and facade improvements at the existing primaryfacility located at 4204 West Main Street in Belleville (the "Project"): and
WHEREAS, TJBC Inc. intends to invest a minimum of $731,000.00to completePhase II ("Phase II") of the remodeling and expansion of the existing facility located at4204 West Main Street in Belleville (the "Project"): and
WHEREAS, the parties have reached an agreement in order to set forth the termsupon which the City would provide certain economic incentives for the Project and theterms upon which TIBC, Inc. would provide jobs at said location.
Responsibilities of the City of Belleville
./
1.. Certification of project's location in Belleville Enterprise Zone for the Abatement ofSales Tax on Building Materials used exclusively for the remodeling (Savingsestimated at $19,845.00 for Phase I and $29,605.00for Phase II) of the existing facilitylocated at 4204 West Main Street to accommodate Main Street Brewing Co. 4204 and:
2. Rebate 50%of incremental property taxes directly related to improvements(Estimated at $8,954.00 annually) for five (5) years and;
3. Facade improvement reimbursement of 20% per facade (Reimbursement not toexceed $10,000.00) of cost of facade improvements for two (2) facades in Phase I at4204 West Main Street after documentation of costs incurred has been received andapproved by the City of Belleville.
Responsibilities of TIBC, Inc.
A. Invest no less than $490,000.00in Phase I at4204 West Main Street limited to theremodeling of the existing primary facility no later than September 1/ 2014, and;
B. Invest no less than $731,000.00 in Phase II at 4204 West Main Street limited to theremodeling and expansion of the existing facility no later than October 31, 2015,and;
C Retain 38 Full Time Equivalent (FTE)jobs/ and;D. Create eight (8) additional FIE jobs within the first year of operation, and;E. Create eight (8) additional FTE jobs within the second year of operation/ and:F. Commit to annual sales subject to sales tax of no less than $2,200,000.00,and;G. TJBe, Inc. and any heirs and/or successors shall remain and operate at the site
for no less than ten (10) years/ and;H. Compliance with all existing and applicable Federal, State, County and Local
laws and ordinances.
Penalties
In the event that TIBC, Inc. fails to meet its obligations under Sections (A), (B),. (C), (D), (E), (F), (G)or (H) of the section entitled "Responsibilities of TIBC, In(,.11of the'. Development Agreement, all public funds provided under (2) and (3) of the sectionentitled "Responsibilities of the City of Belleville" received to date as per theDevelopment Agreement from the City of Belleville shall be repaid to the City ofBelleville and all remaining amounts to be provided if any, shall be terminated.
Miscellaneous
1. Entire Agreement. This Agreement and any written amendments hereto shallconstitute the entire agreement between the parties. Neither party shall bebound by any terms, conditions, statements or representatives, not hereincontained. Each party hereby acknowledges that in executing this Agreement ithas not been induced, persuaded or motivated by any promise or representationmade by the other party, unless expressly set forth herein. All previousnegotiations, statements and preliminary agreements by the parties OJ theirrepresentatives are merged in this Agreement.
2. Validity. It is understood and agreed by the parties hereto that if any part, term,or provision of this Agreement is held by a court of law to be illegal or in conflictwith any law of the State of Illinois, the validity of the remaining portions orprovisions shall not be affected, and the rights and obligations of the parties shallbe construed and enforced as if the Agreement did not contain the particularpart, term or provision held to be invalid.
3. Notices. Notices, 01' other communications required 01' which may be givenunder this Agreement shall be in writing, and delivered either personally, or bycertified or registered mail, to the addresses indicated for each party below aftertheir respective signatures, or to such other address as designated by a partysimilar notice to the other party. Date of notice shall be the date of delivery inthe case of delivered notice or the date of posting in the mail in the case of mailnotice.
4. Signage. Agree to allow City to place on the premises a sign indicating financialassistance has been provided by the City of Belleville for a minimum of fifteen(15)days each before and after opening of the facility.
5. Current with Payments. Agree to pay in full the City of Belleville on anyoutstanding invoices containing the name or names of the individual, companyand/ or corporation receiving the said inducements.
6. Execution of Agreement. If this agreement is not fully executed within sixty (60)days of City Council approval, it shall be considered null and void.
7. Prevailing Wage, Projects receiving incentives/inducements from the City ofBelleville will be required to comply with the President' 5 executive order no.11246, as amended (prevailing wage).
8. Request of Payment. The party receiving inducements must officially r~'luestpayment from the City. This must be done via letter to include documentation ofprivate investment, jobs created, etc. as outlined in the section titled"Responsibilities of TIRe, Inc." .
PAGE 02
PAqE 03
CITYOF BELLEVILLE,ILLINOISCity Hall101 South Illinois StreetBelleville,Illinois 62220
By: 1JJrJVvr~rMAYOR Lff
ATTEST: 0« W~::::.....----~K
TJBC, Inc.101 Eastgate PlazaEast Alton, IL 62024
BYf--:cr--:--21W"",-IS_
TOdu1<ennedy,President/CEO
DEVELOPMENT AGREEMENT
This agreement made this 8th day of September, 2015 by and between the City ofBelleville, Illinois (the "City") and Precision Practice Management, Inc. ("Precision PracticeManagement, Inc.'/):
WITNESSETH:
WHEREAS, Precision Practice Management, Inc. intends on investing a minimumof $250,000.00 to complete remodeling of the existing facility located at 218 West Main Streetin Belleville (the "Project"): and
WHEREAS, the parties have reached an agreement in order to set forth the termsupon which the City would provide certain economic incentives for the Project and theterms upon which Precision Practice Management, Inc. would provide jobs at said location.
Responsibilities of the City of Belleville
1. Certification of project's location in Belleville Enterprise Zone for the Exemption of SalesTax on Building Materials used exclusively for the remodeling (Savings estimated at$15,390.00) at the existing facility located at 218 West Main 1st St.
Responsibilities of Precision Practice Management, Inc.
A. Invest no less than $250,000.00 at 218 West Main St. limited to the remodeling of theexisting facility no later than March 31, 2017, and;
B. Retain 90 FTE employees within the first year of operation, and;C. Create five (5) additional FTE jobs within the first year of operation, and;D. Create five (5) additional FTE jobs within the second year of operation, and;E. Commit to sales subject to sales tax of no less than $105,000.00, and;F. Precision Practice Management, Inc. and any heirs and/ or successors shall remain and
operate at the site for no less than five (5) years, and;G. Compliance with all existing and applicable Federal, State, County and Local laws and
ordinances.
Miscellaneous
1. Entire Agreement. This Agreement and any written amendments hereto shallconstitute the entire agreement between the parties. Neither party shall be bound byany terms, conditions, statements or representatives, not herein contained. Eachparty hereby acknowledges that in executing this Agreement it has not beeninduced, persuaded or motivated by any promise or representation made by theother party, unless expressly set forth herein. All previous negotiations, statementsand preliminary agreements by the parties or their representatives are merged in thisAgreement.
2. Validity. It is understood and agreed by the parties hereto that if any part, term, orprovision of this Agreement is held by a court of law to be illegal or in conflict withany law of the State of Illinois, the validity of the remaining portions or provisionsshall not be affected, and the rights and obligations of the parties shall be construedand enforced as if the Agreement did not contain the particular part, term orprovision held to be invalid.
3. Notices. Notices, or other communications required or which may be given underthis Agreement shall be in writing, and delivered either personally, or by certified or
registered mail, to the addresses indicated for each party below after their respectivesignatures, or to such other address as designated by a party similar notice to theother party. Date of notice shallbe the date of delivery in the case of delivered noticeor the date of posting in the mail in the case of mail notice.
4. Signage. Agree to allow City to place on the premises a sign indicating financialassistance has been provided by the City of Belleville for a minimum of fifteen (15)days each before and after opening of the facility.
5. Current with Payments. Agree to pay in full the City of Belleville on anyoutstanding invoices containing the name or names of the individual, companyand/ or corporation receiving the said inducements.
6. Execution of Agreement. If this agreement is not fully executed within sixty (60)days of City Council approval, it shall be considered null and void.
7. Prevailing Wage. Projects receiving incentives/inducements from the City ofBelleville will be required to comply with the President's executive order no. 11246,as amended (prevailing wage).
8. Request of Payment. The party receiving inducements must officially requestpayment from the City. This must be done via letter to include documentation ofprivate investment, jobs created, etc. as outlined in the section titled "Responsibilitiesof Precision Practice Management, Inc,",
CITY OF BELLEVILLE, ILLINOISCity Hall101 South Illinois StreetBelleville, Illinois 62220
ATTEST: QQOJ-C4=,-CITYClE
Precision Practice Management, Inc.218 West Main St.Belle· , L 62220
WHEREAS,Pto~Pack mtends on inv'estmit a minimum of $319,000,00to compteteremodeling the existing facility located (the "Fl',ntPt'i'''I'and
WHEREAS, the parties have reached 311 agreementupon which tile City would certain eC(:m(>:micjtlCetlti:~esterms upon which Pro-Pack would provide jobs at said loc,atibn.
Responsibilities ofthe City ofBenev~
1. Certification of proiecrs tocanonSales BuildittgMaterialsestimated at $10,0(100) of th~~ex:istiJt1:~.JfacilityIocated ataccommodate Pro-Pack Testing Laboretorv
2. Rebate 10% ofincrementaIproperty taxes relatedtotlnprO".renleI1lts (estimated$1,.139.00annually) for
Responsibilities .of Pro-Pai.':kTesting LaboratorY, Inc.
for the expansion
Sl?(:Ot1lU yearandj'or successors shall commit to remamanc
operate at the site for than ten (10) y€!atS;Compliance with exi:stm:g applicable f+eClerall,and ordinances.
laws
the to meet its obUgationfi(D), or (E) of section eJutil:IedIlResponsibUitiesof Pto~Pa,k TesnngLaboratory, Inc."the Development public funds under (2) of the section entitled"Responsibilities of of Belleville" to date asAgreement from Belleville shall be to theremaining amounts to if shall be terminated,
Miscellaneous
parties. NeitherC011ditiollS, statements or representatives, not
party hereby that ill executinginduced, persuaded or motivated by any pronuse
1,
other party, set forth herein. All previous negotiatiorss, statementsand preliln.inary by the parties or their inAgreement
2. Validi~. understood and agreed by the parties hereto that ifprovision of this is held by a court law to megal or in c01nf1i.d'withany law the State validity of the or Pr<JVj~;iOI1Sshallnot affected, and rights and obligations shall be construed
enforced as if did not contain the particular part, term orprovision held to invalid.~;@~ rsonces,or communications orthis Agreement shall be in writing! and delivered either personallv,registered to indicated forsignatures, or to other address as designatedother party. Date shall be the date of delivervor the date of posting in the mail the case ••.fi.~ •••H
4. Signage. Agree to City to place on the premisesassistance has provided by the of Bellevilledays eachbefore and after opening of the facility.
5. Current with Pa~ments. Agree to pay full onoutstandmg invokes containing the name or names of the individual, CCln11PaJ1Y
and! or corporation receiving the said Inducements,6. If this agreement is not.fully executed within
days of approval, it shall be null and void.7. Projects the
Belleville: to complvas amended (prevali.lirtg
8. Request of Paymenl;.,. party receiving inducements officially requestpayment from the City. must be done via letter to mclucle docamentationprivate investment, jobs etc. as outlined in the section titled "Responsibilitiesof TIBC, Inc.".
MEMBERSITAXING BODIES:Ryan Boike, School District 118Brian Mentzer, School District 201Terry Beach, St. Clair CountyJim Gehrs, SWICDennis Korte, Belleville TownshipLeander Spearman, Belleville Public LibraryKen Kinsella, Public Member
STAFF:Eric Schauster, Economic Development & Grants CoordinatorKari Tutza, Economic Development, Planning & Zoning Dept.Jamie Maitret, Finance DirectorMayor Mark Eckert
GUESTS:Michael HagbergDebra Perez
The TIF Joint Review Board was held at 9:40 a.m. on the first floor, Council Chambers, City Hall.
The annual TIF Joint Review Board meetings are to review the effectiveness and status of each TIF.
TIF3Ken Kinsella asked the Board to elect a member from the public. Dennis Korte made a motion to elect KeQ Kinsella,seconded by Terry Beach, with all present members voting aye. Motion carried.
Ken Kinsella asked the Board to elect a Chairperson. Jim Gehrs made a motion to elect Ken Kinsella and seconded byLeandar Spearman with all present members voting aye. Motion carried.
Ken Kinsella explained the adoption of rules for public participation (2-3 minutes per person) and asked for a motion toadopt the rules. Ryan Boike made a motion to adopt the rules of public participation and seconded by Brian Mentzer withall present members voting aye. Ken Kinsella opened public participation. Michael Hagberg and Debra Perez stated theirsuggestions for the use ofTIF 3. Terry Beach spoke on positive projects that have taken place because ofTIF 3. With nofurther discussion, Ken Kinsella closed public participation.
Eric Schauster gave a description of the TIF 3 status. With a beginning value of$99,047,128.00 and a current value of$214,154,023.00. Property values increased 116%.
Mayor Eckert asked Eric Schauster to take his place as the City representative since he had to leave the hearing. With nofurther comments or questions from the Board, Ken Kinsella closed the discussion.
Respectfully Submitted,Kari L. TutzaTranscribing Secretary
Audio: 39:25-55:40
ATTACHMENTK
~
CO r. SCHLOSSER& COMPANY, L.L.C.CERTIFIED PUBLIC ACCOUNTANTS
CITY OF BELLEVILLE, ILLINOIS
TAX INCREMENT FINANCING DISTRICTSANNUAL REPORT
FINANCIAL STATEMENTSAPRIL 30, 2016
233 EastCenter DriveP.O. Box 416
Alton, Illinois 62002(61B) 465-7717 St. Louis (314) 355-2586
Fax (618) 465-7710
One Westbury DriveSuite 420
St. Charles, Missouri 63301-2567(636) 723-7611 5t. Louis (636) 947 -1008
Fax (636) 947-4558
CITY OF BELLEVILLE, ILLINOIS
TABLE OF CONTENTSAPRIL 30, 2016
Part I - Financial Information
Independent Auditor's Report
Combining Statement of Assets, Liabilities and FundBalance Arising from Cash Transactions -All Tax Increment Financing Districts 4-6
Combining Statement of Receipts, Disbursements and ChangesIn Fund Balance Arising from Cash Transactions -All Tax Increment Financing Districts 7-9
Notes to Financial Statements 10 - 13
Supplementary Information:
Analysis of Special Allocation Funds 14 - 15
Analysis of Fund Balances By Source 16 - 25
Part II - ActivitiesPart III - Obligations
2627
PART I - FINANCIAL INFORMATION
@mJC.J.SCHLOSSER& COMPANY, L.LoC.CERTIFIED PUBLIC ACCOUNTANTS
David M. BartosiakCindy A. IeftellerKevin]. Tepen
INDEPENDENT AUDITOR'S REPORT ONCOMPLIANCE WITH TAX INCREl\1ENT FINANCING ACT
To the Honorable Mayor andCity Council ofCity of Belleville, Illinois
We have audited the financial statements of the City of Belleville, Illinois' Tax IncrementFinancing District #1, Tax Increment Financing District #2, Tax Increment FinancingDistrict #3, Tax Increment Financing District #4, Tax Increment Financing District #8Downtown South, Tax Increment Financing District #9 Southwinds Estate, TaxIncrement Financing District #10 Lower Richland Creek, Tax Increment FinancingDistrict #11 Industrial Jobs Recovery, Tax Increment Financing District #12 ShermanStreet,· Tax Increment Financing District #13 Drake Road, Tax Increment FinancingDistrict #14 Route 15 East, Tax Increment Financing District #15 Carlyle/Greenmount,Tax Increment Financing District #16 Route 15 Corridor, Tax Increment FinancingDistrict #17 East Main Street, Tax Increment Financing District #18 Scheel Street, TaxIncrement Financing District #19 Frank Scott Parkway, Tax Increment Financing District#20 Route IS/South Green Mount Road, and Tax Increment Financing District #21 BelleValley In as of and for the year ended April 30, 2016, as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financialstatements in accordance with the modified cash basis of accounting described in Note 1;this includes determining that the modified cash basis of accounting is an acceptablebasis for the preparation of the financial statements in the circumstances. Management isalso responsible for the design, implementation, and maintenance of internal controlrelevant to the preparation and fair presentation of the financial statements that are freefrom material misstatement, whether due to error or fraud.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with auditing standards generally acceptedin the United States of America. Those standards require that we plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free ofmaterial misstatement,
233 East Center Drive, P.O. Box 4·16Alton, Illinois 62002
(618) 465-7717 Fax (618) 465-7710
80 Edwardsville Professional ParkEdwardsville, Illinois 62025
(618) 656-2146 Fax (618) 656-2147
.E~g~§www.cjsco.com
One Westbury Drive, Suite 420SI.Charles, Missouri 63301
(636) 723-76·11 Fax (636) 947-4558
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the entity's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness ofthe entity's internal control. Accordingly, we express no such opinion. An audit alsoincludes evaluating the appropriateness of accounting policies used and thereasonableness of significant estimates made by management, as well as evaluating theoverall financial statement presentation.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all materialrespects, the cash balances of the City of Belleville, Illinois' Tax Increment FinancingDistricts, as referred to in the first paragraph, as of April 30, 2016 and the revenues itreceived and expenditures it paid for the year then ended on the basis of accountingdescribed in Note 1.
Basis of Accounting
We draw attention to Note 1 of the financial statements, which describes the basis ofaccounting. The financial statements are prepared on the modified cash basis ofaccounting, which is a basis of accounting other than accounting principles generallyaccepted in the United States of America. Our opinion is not modified with respect to thatmatter.
Other Matters
Supplementary InformationOUf audit was conducted for the purpose of forming an opnnon on the financialstatements of the City of Belleville, Illinois' Tax Increment Financing Districts taken as awhole. The other supplementary data on pages 14 and 15 is presented for the purpose ofadditional analysis and is not a required part of the basic financial statements. This othersupplementary information has been subjected to the auditing procedures applied in theaudit of the basic financial statements and, in our opinion, is fairly stated in all materialrespects in relation to the basic financial statements taken as a whole. This othersupplementary information was derived from and relates directly to the underlyingaccounting and other records used to prepare the financial statements. The informationhas been subjected to the auditing procedures applied in the audit of the financialstatements and certain additional procedures, including comparing and reconciling suchinformation directly to the underlying accounting and other records used to prepare the
2
financial statements themselves, and other procedures in accordance with auditingstandards generally accepted in the United States of America. In our opinion, theinformation is fairly stated in all material respects in relation to the financial statementstaken as a whole.
The supplementary information on Pages 16 through 25 is presented for purposes ofadditional analysis and is not a required part of the financial statements. Such informationhas 110tbeen subjected to the auditing procedures applied in the audit of the financialstatements and accordingly, we express no opinion on it.
Compliance with Laws and RegulationsThe management of the City of Belleville, Illinois is responsible for the gcvemmenr'scompliance with laws and regulations. In connection with our audit, referred to above, weselected and tested transactions and records to determine the govermnent's compliancewith 65 ILCS 5111-74.1-3,"Tax Increment Allocation Redevelopment Act".
The results of our tests indicate that for the items tested, the City of Belleville, Illinois,complied with Subsection (q) of 65 ILCS 5/11-74.4~3, "Tax Increment AllocationRedevelopment Act". Nothing came to our attention that caused us to believe that, for theitems not tested, the City of Belleville, Illinois was not in compliance with Subsection (q)of 65 ILCS Sill ~74.4- 3, "Tax Increment Allocation Redevelopment Act".
C.g.S~f~LL<-Certified Public AccountantsAlton, Illinois
September 16,2016
3
CIT
YO
FB
EL
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VIL
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LIN
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TA
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CR
EM
EN
TFI
NA
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ING
DIS
TR
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S
COMBINING
STATE
MEN
TOFASSET
S,LIABILITIES
AND
FUND
BALA
NCE
ARISING
FROM
CASH
TRANSA
CTIONS
-ALL
TAX
INCREM
ENT
FINANCING
DISTR
ICTS
APR
IL30,2016
TaxIncrem
ent
Financing
District
#1District
#2District
#3District
#4District
#8District
#9District
#10
Assets
Cash
$5,571
$84,442
$1,642,286
$34,491
$3,20[
$89,444
$867,288
Due
Between
TIFFunds
(135,000)
-627,000
-(90.000)
Notes
Receivable
--
55,415
TotalAssets
$(129,429)
$84,442
$2,324,701
$34,491
$(86,799)
$89,444
$867,288
Liabilities
andFund
Balance
I::-
Liabilities
$-
$s
-$
-$
-s
-$
Fund
Balance:
Nonspendablc
--
55,415
Restricted
forDebtService
Restricted
(129,429)
84,442
2,269,286
34,491
(86,799)
89,444
867,288
TotalFund
Balance
(129,429)
84,442
2,324,701
34,491
(8Q
,799
)89,444
867,288
TotalLiabilities
andFund
Balance
$(129,429)
$84,442
$2,,311,701
$34,491
$(86,799)
$89,444
$867,288
Seetheaccompanying
independent
auditor's
report
andnotesto
combining
financial
statem
ents
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
COMBINING
STATE
MEN
TOFASSET
S,LIABILITIES
AND
FUND
BALA
NCE
ARISING
FROM
CASH
TRANSA
CTIONS
-ALL
TAX
INCREM
ENT
FINANCING
DISTR
ICTS
APR
IL30,2016
TaxIncrem
entFinancing
Carlyle/
District
#11
District
#12
District
#13
District
#14
Greenmount
District
#16
District#17
Assets
Cash
$63,664
$17,412
$213,958
$206,644
$3,170,189
$114,322
$8,345
Due
Between
TIFFunds
-(40,000)
--
-3,500
(271,000)
Notes
Receivable
---------
TotalAssets
$63,664
$(22,588)
$213,958
$206,644
$3,170,189
$117,822
$(262,655)
Liabilities
andFund
Balance
.nLiabilities
$$
$$
$$
$-
--
--
-
Fund
Balance:
Nonspcndable
Restricted
forDebtService
--
--
3,170,189
Restricted
63,664
(22,588)
213,958
206,644
-1[7,822
(262,655)
TotalFund
Balance
63,664
(22,588)
2[3,958
206,644
3,170,189
[[7,822
(262,655)
TotalLiabilities
andFund
Balance
$63,664
$(22,588)
$2[3,958
$206,644
$3,[70,189
$[17,822
$(262,655)
Seetheaccompanying
independent
auditor's
report
andnotesto
combining
financial
statem
ents
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
COMBINING
STATE
MEN
TOFASSET
S,LIABILITIES
AND
FUND
BALA
NCE
ARISING
FROM
CASH
TRANSA
CTIONS
-ALL
TAX
INCREM
ENT
FINANCING
DISTR
ICTS
APR
IL30,2016
TaxIncrem
ent
Financing
Debt
Frank
Scott
Service
District
#18
Parkway
District
#20
District
#2I
Fund
Total
~Cash
$144,350
s2,177,796
$49,093
$58,334
$256,443
$9,
207,
273
Due
Between
TIFFunds
(3,500)
(91,000)
)
-Notes
Receivable
--
--
-55,415
TotalAssets
$144,350
$2,174,296
$49,093
$(32,666)
$256,443
$9,262,688
Liabilities
andFund
Balance
0-
Liabilities
$$
$$
-s
-$
--
-
Fund
Balance:
Nonspendable
--
--
55,415
Restricted
forDebtService
-2,174,296
--
256,443
5,600,928
Restricted
144,350
-49,093
(32,666)
-3,606,345
TotalFund
Balance
144,350
2,174,296
49,093
(32,666)
256,443
9,2g688
TotalLiabilities
andFund
Balance
$144,350
$2,174,296
$49,093
$(32,666)
$256,443
$9,262,688
Seetheaccompanying
independent
auditor's
report
andnotesto
combining
financia
lstatem
ents
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
COMBINING
STATE
MEN
TOFREC
EIPTS,
DISBURSEMEN
TSAND
CHANGES
INFU
ND
BALA
NCE
ARISING
FROM
CASH
TRANSA
CTIONS
-ALL
TAX
INCREM
ENT
FINANCING
DISTR
ICTS
FOR
THE
YEA
REN
DED
APR
IL30,2016
TaxIncrem
ent
Financing
District
#1District
#2District
#3District
#4District
#8District
#9District
#10
Receipts:
Property
Taxes
$49,350
$59,346
$10,826,328
$3,997
$118,097
$84,503
$1,089,976
Intergovernm
ental
--
245,080
Interest
18109
10,124
4822
194
2,172
Reimbursem
ents/Other
13,000
-65,144
-25,903
TotalReceipts
62,368
59,455
11,146,676
4,045
144,022
84,697
1,092,148
Disbursem
ents:
Contractual
Services
1,236
24,756
668,309
1,170
8,173
-124,946
CapitalOutlay
21,944
-3,078,667
-278,137
16,871
1,394
-..J
TaxRebates
--
4,467,595
Principal
--
126,379
Interest
andFiscal
Charges
--
21,725
--
639,332
TotalDisbursem
ents
23,180
24,756
8,362,675
1,170
286,310
16,871
765,672
Excess
ofReceipts
Over
(Under)Disbursem
ents
39,188
34,699
2,784,001
2,875
(142,288)
67,826
326,476
Other
Financing
Sources(Uses)
Proceeds
ofDebt
--
138,156
Operating
Transfers
InOperating
TransfersOut
--
(4,504,681)
--
(75,000)
(200,000)
TotalOther
Financing
Sources(Uses)
--
(4,366,525)
-(75,000)
(200,000)
Excess'ofReceipts
andOther
Financing
SourcesOver(Under)
Disbursem
ents
andFinancing
Uses
39,188
34,699
(1,582,524)
2,875
(142,288)
(7,174)
126,476
Fund
Balance,Beginning
ofYear
(168,617)
49,743
3,907,225
31,616
55,489
96,618
740,812
Fund
Balance,EndOfYClIf
s(129,4~
$84,442
$2,324,701
$34,491
$(86,799)
$89,444
$867,288
Seetheaccompanying
independent
auditor's
report
andnotesto
combining
finaneial
statem
ents
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
CO
MB
ININ
GST
ATE
MEN
TO
FR
ECEI
PTS,
DIS
BU
RSE
MEN
TSA
ND
CH
AN
GES
INFU
ND
BA
LAN
CE
AR
ISIN
GFR
OM
CA
SHTR
AN
SAC
TIO
NS
-A
LLTA
XIN
CR
EMEN
TFI
NA
NC
ING
DIS
TRIC
TSFO
RTH
EY
EAR
END
EDA
PRIL
30,
20I6
Tax
Incr
emen
tFi
nanc
ing
Car
lyle
!D
istri
ct#1
1D
istri
ct#1
2D
istri
ct#1
3D
istri
ct#1
4G
recn
mou
ntD
istri
ct#1
6D
istri
ct#1
7
Rec
eipt
s:Pr
oper
tyTa
xes
$25
,984
$14
7,27
6$
44,2
27$
97,4
64$
1,47
4,94
4$
229,
111
$46
,622
Inte
rgov
ernm
enta
l-
--
-1,
506,
61I
Inte
rest
113
104
295
279
1,05
621
228
Rei
mbu
rsem
ents
/Oth
erTo
tal
Rec
eipt
s26
,097
147,
380
44,5
2297
,743
2,98
2,61
122
9,32
346
,650
Dis
burs
emen
ts:
Con
tract
ual
Serv
ices
-1,
000
--
18,4
062,
240
13,2
89C
apita
lO
utla
y-
384,
884
2,[6
7-
-16
,325
13.5
00co
Tax
Reb
ates
737,
472
53,1
932,
687
Prin
cipa
l-
--
-36
5,00
0In
tere
stan
dFi
scal
Cha
rges
--
--
[,532
,368
Tota
lD
isbu
rsem
ents
-38
5,88
42,
167
-2,
653,
246
71,7
5829
,476
Exce
ssof
Rec
eipt
sO
ver
(Und
er)
Dis
burs
emen
ts26
,097
(238
,504
)42
,355
97,7
4332
9,36
515
7,56
517
,174
Oth
erFi
nanc
ing
Sour
ces
(Use
s)Pr
ocee
dsof
Deb
tO
pera
ting
Tran
sfer
sIn
Ope
ratin
gTr
ansf
ers
Out
(25,
000)
--
(9,4
09)
Tota
lO
ther
Fina
ncin
gSo
urce
s(U
ses)
_L25
,QQ
Q)
--
(9,4
09)
Exce
ssof
Rec
eipt
san
dO
ther
Fina
ncin
gSo
urce
sO
ver
(Und
er)
Dis
burs
emen
tsan
dFi
nanc
ing
Use
s1,
097
(238
,504
)42
,355
88,3
3432
9,36
515
7,56
517
,174
Fund
Bal
ance
,B
egin
ning
ofY
ear
62,5
6721
5,91
617
1,60
311
8,31
02,
840,
824
(39,
743)
(279
,829
)
Fund
Bal
ance
,En
dof
Yea
r$
63,6
64$
(22,
588)
$2[
3,95
8$
206,
644
$3,
170,
189
$!1
7,82
2$
(262
,655
)
See
the
acco
mpa
nyin
gin
depe
nden
tau
dito
r'sre
port
and
note
sto
com
bini
ngfin
anci
alst
atem
ents
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
COMBINING
STATE
MEN
TOFREC
EIPT
S,DISBURSE
MEN
TSAND
CHANGES
INFU
ND
BALA
NCE
ARlSING
FROM
CASH
TRANSA
CTIONS
-ALL
TAX
INCREM
ENT
FINANCING
DISTR
ICTS
FOR
THE
YEA
REN
DED
APR
IL30,2016
TaxIncrem
ent
Financing
Debt
Frank
Scott
Service
District
#18
Parkway
District
#20
District
#21
Fund
Total
Receipts:
Property
Taxes
$34,273
$961,203
s42,449
s4,945
s$
15,340,095
Intergovernm
ental
-1,270,636
40,329
--
3,062,656
Interest
200
716
6687
327
16,170
Reimbursem
ents/Other
--
--
-104,047
TotalReceipts
34,473
2,232,555
82,844
5,032
327
18,522,968
Disbursem
ents:
Contractual
Services
11,572
--
875,097
'.0CapitalOutlay
7,416
--
--
3,821,305
TaxRebates
-480,601
61,554
--
5,803,102
Principal
-455,000
--
946,379
Interest
andFiscal
Charges
-1,340,797
-254,012
3,788,234
TotalDisbursem
ents
7,416
2,287,970
61,554
-254,012
15,234,117
Excess
ofReceipts
Over
(Under)Disbursem
ents
27,057
(55,415)
21,290
5,032
(253,685)
3,288,851
Other
Financing
Sources(Uses)
Proceeds
ofDebt
--
--
-138,156
Operating
Transfers
In-
--
-254,300
254,300
Operating
Transfers
Out
--
--
-(4,814,090)
TotalOther
Financing
Sources(Uses)
--
--
254,
300
(4,421,634)
Excess
ofReceipts
andOther
Financing
Sources
Over(Under)
Disbursem
ents
andFinancing
Uses
27,057
(55.415)
21,290
5,032
615
(1,132,783)
Fund
Balance,Beginning
ofYear
117,293
2,229,711
27,803
(37,698)
255,828
10,395,471
Fund
Balance,Endof
Year
$144,350
$2,174,296
$49,093
$(32,666)
1256,443
$9,262,688
Seetheaccompanying
independent
auditor's
report
andnotesto
combining
financial
statem
ents
CITY OF BELLEVILLE, ILLINOISTAX INCREMENT FINANCING DISTRICTS
NOTES TO FINANCIAL STATEMENTSAPRIL 30, 2016
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounts of the City are organized on the basis of funds, each of which isconsidered a separate accounting entity. The operations of each fund areaccounted for with a separate set of self-balancing accounts that comprise itsassets, liabilities, fund balance, revenues, and expenditures or expenses asappropriate. Government resources are allocated to and accounted for inindividual funds based upon the purpose for which they are to be spent and themeans by which spending activities are controlled. Special Revenue Funds areused to account for the financing of public improvements or services deemedto benefit properties within a specific area. The City established the TaxIncrement Financing Districts in the fiscal years ended April 30 as follows:
Districts #1 and #2 1984Districts #3 and #4 1986Districts #8, #9, #10 and #11 2000District # 12 2003District #13 2004District #14 2006Districts #15, #16, #17, #18 and #19 2008District #20 2009District #21 2010
The statements reflect the modified cash basis of accounting. Accordingly,revenue is recognized when cash is received and expenditures are recognizedwhen paid.
The accompanying financial statements were prepared for the Tax IncrementFinancing Districts only, to reflect their cash balances as of April 30, 2016and revenues received and expenditures paid for the year then ended. Thesestatements are not intended to present the financial position and results ofoperations of the entire City of Belleville, Illinois as of April 30, 2016.
NOTE 2: CASH
The City is authorized by state statute to invest in: obligations of the UnitedStates of America; interest bearing accounts of banks; savings and loanassociations or credit unions which are insured by the Federal DepositInsurance Corporation, the Savings Association Insurance Fund or otherapplicable law, respectively; certain short-term obligations of corporationsorganized in the United States; money market mutual funds; and in a fundmanaged, operated and administered by a bank.
10
CITY OF BELLEVILLE, ILLINOIS TAX INCREMENT FINANCING DISTRICTSNOTES TO FINANCIAL STATEMENTS (CONTINUED)
The carrying amounts and the bank balances of the Tax Increment FinancingDistricts' deposits were $9,207,273, and are entirely insured or collateralizedby securities held by the City's agent in the City's name.
NOTE 3: LONG-TERM DEBT
Outstanding bonds payable and notes payable for the Tax IncrementFinancing Districts are presented in the City's combined financial statements.
The following is a summary of Tax Increment Financing bonds outstandingfor the year ended Apri130, 2016:
Tax Increment Refunding Revenue Bonds, Series 2007A Bonds, datedSeptember 28,2007, interest ranging from 5.00% to 5.70% payable May 1and November 1, with principal payments of $105,000 through$1,955,000 due on May 1 and November 1 through 2024. The balance dueon these bonds as of April 30, 2016 is $14,600,000.
Taxable Business District Revenue Bonds, Series 2007B Bonds, datedSeptember 28, 2007, interest at 7.875% payable May 1 and November 1,with principal payments of $255,000 to $790,000 due on May 1 andNovember 1 through 2021. The balance due on these bonds as of April 30,2016 is $6,505,000.
General Obligation Bonds, Series 2011, dated February 17,2011, interestranging from 5.00% to 5.25% payable January 1 and July 1, with principalpayments of $905,000 to $1,100,000 beginning in January 2027 through2031. The balance due on these bonds as of April 30, 2016 is $5,000,000.
Local Government Program Revenue Bonds, Series 20llA, dated October27, 2011, interest ranging from 6.00% to 7.00% payable January 1 andJuly 1, with principal payments of $700,000 to $2,025,000 due on January1 and July 1 through 2027. The balance due on these bonds as of April 30,2016 is $15,175,000.
Local Government Program Revenue Bonds, Series 2011B, dated October27, 2011, interest at 8.75% payable January 1 and July 1, with principalpayments of $49,929 to $266,277 due on January 1 beginning in 2019through 2026. The balance due on these bonds as of April 30, 2016 is$1,560,000.
11
CITY OF BELLEVILLE, ILLINOIS TAX INCREMENT FINANCING DISTRICTSNOTES TO FINANCIAL STATEMENTS (CONTINUED)
NOTE 3: LONG-TERM DEBT (Continued)
Local Government Program Revenue Bonds, Series 2011e, dated October27, 2011, interest ranging from 7.125% to 9.25% payable January 1 andJuly 1, with principal payments of $205,000 to $845,000 due on January 1and July 1 through 2022" The balance due on these bonds as of April 30,2016 is $4,510,000.
The following is a summary of Tax Increment Financing notes and capitalleases outstanding for the year ended April 30, 2016:
Capital Lease, dated July 19, 2012, interest rate of 2.55 percent payable inten annual installments of$56,061 through July 20,2022. The balance dueon this lease as of April 30, 2016 is $354,874,
Capital Lease, dated February 11, 2013, interest rate of 3.278 percentpayable ill twenty-four semiannual installments of $19,910 throughJanuary 11, 2025. The balance due on this lease as of April 30, 2016 is$307,884.
Note Payable, dated March 22,2016, interest rate of 1.730 percent payablein three annual installments of $47,590 through December 30, 2018. Thebalance due on this note payable as of April 30, 2016 is $138,156,
The annual requirements to amortize Tax Increment Financing related debt asof April 30, 2016 are as follows:
The City entered into a redevelopment agreement to develop an area within atax increment financing boundary by which the developer would incurreimbursable costs which would be submitted for payment through TaxIncrement Finance Notes. The debt would then be retired with tax revenues
12
CITY OF BELLEVILLE, ILLINOIS TAX INCREMENT FINANCING DISTRICTSNOTES TO FINANCIAL STATEMENTS (CONTINUED)
generated from the increase in values of the developed properties. The notesare payable solely from the new revenues and do not constitute a debt of theCity.
The City made payments to reduce the principal amount of the Tax IncrementFinancing notes for the Reunion Development Project agreement by $123,652during the year ended April 30, 2016. These payments are being reported asdevelopment expense in the financial statements. The note balances related tothis project in the total amount of $19,402,382 are still outstanding and notreflected in the debt of the City as of April 30, 2016.
13
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
ANALY
SIS
OFSPEC
IAL
ALL
OCATION
FUNDS
FOR
THE
YE
AR
ENDED
APR
IL30,20
I6
TaxIncrem
ent
Financing
District
#1District
#2District
#3District
#4District
#8District
#9District
#10
District
#11
District
#12
District
#13
Beginning
Balance
-Adjusted
$(168,617)
s49,743
$3,907,225
$31,616
$55,489
$96,618
$740,812
s62,567
s215,916
$171,603
Receipts:
Property
Taxes
49,350
59,346
10,826,328
3,997
118,097
84,503
1,089,976
25,984
147,276
44,227
LocalSalesTax
--
--
--
--
-Interest
18109
10,124
4822
194
2,172
I13
104
295
Reimbursem
ents/Other
13,000
310,224
-25,903
TotalReceipts
62,368
59,455
11,146,676
4,045
144,022
84,697
1,092,148
26,097
147,380
44,522
Disbursem
ents:
Professional
FeesIP1an
Adm
inistrationIDevelopment
1,236
24,756
668,309
1,170
8,173
124,946
-1,000
Financing
Costs
--
148,104
--
-639,332
f-'
CapitalCosts
21,944
-3,078,667
-278,137
16,871
1,394
-384,884
2,167
-l'"-
TaxRebates
-4,467,595
TotalDisbursem
ents
23,180
24,756
8,362,675
1,170
286,310
16,871
765,672
385,884
2,167
Other
Financing
Sources
(Uses)
Proceeds
ofDebt
-138,156
Operating
Transfer
In-
Operating
Transfer
Out
--
(4,504,68))
--
(75,000)
(200,000)
(25,000)
TotalOther
Financing
Sources
(Uses)
--
(4,366,525)
--
(75,000)
(200,000)
(2~.OQQ)
Excess
ofReceipts
Over
(Under)Disbursem
ents
39,188
34,699
(1,582,524
)2,875
(142,28J)
(7,174)
126,476
1,097
(238,504)
42,355
Ending
Fund
Balance
(Deficit)
-Unadjusted
(129,429)
84,442
2,324,701
34,491
(86,799)
89,444
867,288
63,664
(22,588)
213,958
Less:Appropriated
forDebtService
--
(8,924,133)
--
(19,402,382)
Ending
Fund
Balance
(Deficit)
-Adjusted
s(129,429)
s84,442
$(6,599,432)
$34,491
$(86,799)
$89,444
$(18,535,094)
~664
$(22,588)
$213.958
Property
Tax
$-
$84,442
$-
$34,491
$-
$89,444
$-
$63,664
$-
~213,958
StateSalesTax
$-
$-
$-
s.
s-
$-
$-
$-
$-
1
LocalSalesTax
$$
-$
$-
$-
$-
ss
s-
$
CIT
YO
FB
EL
LE
VIL
LE
,IL
LIN
OIS
TA
XIN
CR
EM
EN
TFI
NA
NC
ING
DIS
TR
ICT
S
ANALY
SIS
OFSPEC
IAL
ALL
OCATION
FUNDS
FOR
THE
YEA
REN
DED
APR
IL30,2016
TaxIncrem
ent
Financing
Carlyle!
Frank
Scott
District
#14
Greenmount
District
#16
District
#17
District
#18
Parkway
District
#20
District
#21
Total
Beginning
Balance
-Adjusted
$118,310
$2,840,824
$(39,743)
$(279,829)
$117,293
$2,229,711
$27,803
s(37,698)
$10,139,643
Receipts:
Property
Taxes
97,464
1,474,944
229,111
46,622
34,273
961,203
42,449
4,945
15,340,095
LocalSalesTax
-1,506,611
--
-1,270,636
40,329
-2,817,576
Interest
279
1,056
212
28200
716
6687
15,843
Reimbursem
ents/Other
--
--
--
349,127
TotalReceipts
97,743
2,982,611
229,323
46,650
34,473
2,232,555
82,844
5,032
18,522,641
Disbursem
ents:
Professional
Fees/Plan
Adm
inistrationfDevelopment
-18,406
2,240
13,289
-11,572
--
875,097
Financing
Costs
-1,897,368
--
-1,795,797
--
4,480,601
•......
CapitalCosts
--
16,325
13,500
7,416
--
-3,821,305
V1
TaxRebates
737,472
53,193
2,687
480,601
61,554
-5,803,102
TotalDisbursem
ents
-2,653,246
71,758
29,476
7,416
2,287,970
61,554
-14,980,105
Other
Financing
Sources
(Uses)
Proceeds
ofDebt
--
-138,156
Operating
Transfer
In-
--
-Operating
Transfer
Out
(9,409)
--
-(4,814,090)
TotalOther
Financing
Sources
(Uses)
(9,409)
--
-(4,675,934)
Excess
ofReceipts
Over
(Under)
Disbursem
ents
88,334
329,365
157,565
17,174
27,057
(55,412)
21,290
5,032
(1,I33,~
Ending
Fund
Balance
(Deficit)
-Unadjusted
206,644
3,170,189
117,822
(262,655)
144,350
2,174,296
49,093
(32,666)
9,006,245
Less:Appropriated
forDebtService
(299,896)
(30,965,QW
--
-(26,O7l,340)
-(85,66~,~
Ending
Fund
Balance
(Deficit)
-Adjusted
$(93,252)
$(27,794,899)
$117,822
$(262,655)
s144,350
$(23,897,044)
s49,093
$(32,666)
~656,594)
Property
Tax
$-
$$
117,822
$-
$144,350
$-
$49,093
$-
$797,264
StateSalesTax
s-
s$
$-
s.
$-
s.
$-
$
LocalSales
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$$
-$
-$
$$
-$
$-
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District
#1District
#2District
#3District
#4District
#8District
#9District
#10
District#11
District
#12
District
#13
EndingFund
Balance
(Deficit)
-Unadjusted
$(168,617)
$49,743
S4,163,053
s31,616
$55,489
s96,618
s740,812
$62,567
$215,916
$171,603
Less:Appropriated
forDebtService
....
(9,174,131)
....
(19,207,627)
Ending
Fund
Balance
(Deficit)
..Adjusted
s(168,617)
$49,743
s(5,011,078)
$31,616
s55,489
$96,618
s(I8,466,8I5)
$62,567
$215,916
s171,603
Property
Tax
s..
s49,746
$$
31,616
$55,489
$96,618
$..
s62,567
$215,916
$171.603
LocalSalesTax
StateSalesTax
s..
$49,746
$$
31,616
$55,489
$96,618
$$
62,567
s215,916
$171,603
J\Carlyle!
FrankScott
District
#I4
Greenrnount
District
#16
District
#17
District
#18
Parkway
District
#20
District
#21
Ending
Fund
Balance
(Deficit)
..
Unadjusted
s118,310
$2,840,824
$(39,743)
$(279,829)
$117,293
$2,229,711
$27,803
$(37,698)
Less:Appropriated
forDebtService
(309,033)
(32,905,47~
-(27,590,234)
Ending
Fund
Balance
(Deficit)
..
Adjusted
$(190,723)
s(30,064,65
I)s
(39,743)
s(279,829)
s117,293
s(25,360,523)
s27,803
s(37,698)
Property
Tax
s$
s-
$$
117,293
$$
27,803
$
LocalSalesTax
StateSalesTax
$s
$$
st17,293
s$
27,803
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NOTE
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priortoApril30,2016.
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#1District
#2District
#3District
#4District
#8District
#9District
#10
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#11
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#12
District
#13
Ending
Fund
Balance
(Deficit)-
Unadjusted
s(149,520)
s107,489
s4,337,509
$25,881
$282,142
s167,198
s717,985
$96,854
$255,439
$120,805
Less:Appropriated
forDebtService
(9,619,124)
(18,999,531)
Ending
Fund
Balance
(Deficit)
-Adjusted
s(149,520)
$107,489
s(5,281,615)
s25,881
$282,142
$[67,198
$(18,281,546)
s96,854
s255,439
s120,805
Properly
Tax
$S
107,489
$-
$25,881
s282,[42
s167,198
$s
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s255,439
s120,805
LocalSalesTax
StateSalesTax
_..-._
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$-
$107,489
ss
25,881
$282,142
s167,198
s$
96,854
$255,439
$120,805
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#14
Grecnmount
District
#16
District
#17
District
#18
Parkway
District
#20
District
#21
District
Ending
Fund
Balance
(Deflcitj-
Unadjusted
$137,066
$3,327,363
s(194,945)
s(8,218)
s82,834
$2,186,559
$12,473
$([5,447)
$255,350
Less:Appropriated
forDebtService
(318,(70)
(3~,4~I,999)
-(99,950)
(28,985,331)
Ending
Fund
Balance
(Deficit)
"Adjusted
$(181,104)
$(32,124,636)
$(194,945)
$(108,168)
$82,834
s(26,798,772)
$12,473
s(15,447)
s255,350
Property
Tax
$$
"$
S-
S82,834
$-
$12,473
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253,135
LocalSalesTax
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1,697
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-518
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82,834
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12,473
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__________
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District#
1District
#2District
#3~trict#4
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#8District
#9District
#1O
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#11
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#12
District
#13
Ending
Fund
Balance
(Deficit)
-Unadjusted
$64,414
$74,946
s3,956,494
s20,017
$3J
1,624
s282,198
$686,196
s70,083
$101,783
s95,342
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s64,414
$74,946
s(7,230,896)
$20,017
s311,624
s282,198
s08,116,443)
$70,083
s101,783
s95,342
Property
Tax
$63,521
$74,946
ss
20,017
s311,624
s282,198
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70,083
$101,783
$95,342
LocalSalesTax
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732
S64&!
s74,946
$-
$20,017
$311,624
$282,198
$-
$70,083
$101,783
$95,342
XlCarlyle!
FrankScott
SalesTax
District
#14
Greenmount
District
#16
District
#17
District
#18
Parkway
District
#20
District
#21
District
Ending
Fund
Balance
(Deficit)
-
Unadjusted
$200,878
$3,336,089
s(125,345)
s148,941
s62,953
$2,184,119
$41,530
$3,872
$2,367,293
Less:Appropriated
forD
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(327,307)
(37,678,710)
(200,000)
(30,409,76(,)
-(244,400)
Ending
Fund
Balance
(Deficit)
-Adjusted
$(126,429)
s(34,342,621)
$(325,345)
$148,941
$62,953
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s41,530
.$3,872
s2,122,893
Property
Tax
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148,941
$62,953
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s41,530
$3,872
$2,103,469
LocalSalesTax
--
14,881
StateSolesTox
--
--
4,543
$$
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$3,872
$2,122,893
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#2District
#3District
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#10
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#12
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Ending
Fund
Balance
(Deficit)
-Unadjusted
$53,402
s34,465
$6,199,486
s16,744
s169,491
$247,859
s656,380
$67,987
s104,523
s40,419
Less:Appropriated
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-(11,045,686)
--
-(18,636,929)
Ending
Fund
Balance
(Deficit)
-Adjusted
s53,402
s34,465
$(4,846,200)
s16,744
s169,491
s247,859
~(17,980,549)
$67,987
s104,523
$40,419
Property
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s52,528
$34,465
$$
16,744
$169,491
$247,859
$-
s67,987
s104,523
$40,419
LocalSalesTax
158
StateSalesTax
716
s53,402
s34,465
$$
16,744
$16'},491
$247,859
ss
67,987
s10
4,52
3s
40,419
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FrankScot!
SalesTax
District
#14
Grcenmount
District
#16
District
#17
District
#18
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#20
District
#21
District
Ending
Fund
Balance
(Deficit)
-
Unadjusted
$112,619
$3,285,076
$64,148
$238,766
$24,984
s2,364,221
s19,686
s125
s4,463,830
Less:Appropriated
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(39,599,317)
(400,000)
-(32,132,906)
(487,350)
Ending
Fund
Balance
(Deficit)
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$(223,824)
$(36,314,241)
s(335,852)
$238,766
s24,984
$(29,768,685)
$19,686
$125
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Property
Tax
ss
-$
$238,766
$24,984
s-
$19,686
$125
s3,931,391
LocalSalesTax
-34,544
StateSalesTax
--
10,545
ss
$$
238,766
$24,984
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s125
$3,976,480
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$224,884
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(Deficit)
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$61,736
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--
--
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(Deficit)
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$61,736
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$
PART II - ACTIVITIES
During its Fiscal Year ending April 30, 2016, the City of Belleville undertook or assistedin the following activities within its Tax Increment Financing Districts:
TIF #1
TIF#2
TIF #3
TIF#4TIF#8
TIF#9TIF #10
TIF #11TIP #12
TIF #13TIF #14TIF #15
TIF #16
TIF #17
TIP #18TIF #19
TIF #20TIF #21
This District incurred expense of $15,526 to Hank's Excavating &Landscaping for sidewalk improvements.This District incurred expense of $24,000 for Art on the Squaresponsorship fee.$4,458,490 of tax incentive rebates were issued to school districts and$9,105 of tax incentive rebates were issued to businesses. This Districtalso completed several public works improvements as well as performedneeded demolition activity.No Material Activity.This District incurred expense of $278,137 for demolition and newsidewalks.This District incurred expense of$16,756 for pump station repairs.$762,984 was paid a developer to reimburse for costs incurred forimprovements that are part of a developer agreement.No Material Activity.This District incurred expense of $384,884 for street and ditchimprovements.No Material Activity.No Material Activity.This District paid out tax incentive rebates of $737,472 for costsincurred for improvements that are part of a developer agreement relatedto a retail complex located near Greenmount Road. This District alsoretired bond debt related to the retail complex.TIns District paid out tax incentive rebates of$53,193 to a business. ThisDistrict also incurred expense related to the ditch program.This District incurred expense of $13,500 related to Bellecourt BanquetCenter improvements.No Material Activity.TIlls District paid out tax incentive rebates of $480,601 to a business aspart of a developer agreement and retired bond debt related to thatagreement.This District paid out tax incentive rebates of $61 ,534 to a business.No Material Activity.
26
PART III - OBLIGATIONS
During the fiscal year ending April 30,2016, the City of Belleville entered into a loan topurchase a sanitation truck. The City of Belleville did not issue any additional bonds.Further descriptions of outstanding debt and future debt service requirements are detailedin the notes to financial statements.
27
~Co J. SCHLOSSER& COMPANY, L.L.C.CERTIFIED PUBLIC ACCOUNTANTS
ATTACHMENT L
David M. Bartosiak
Cindy A.Tefteller
Kevin).Tepen
INDEPENDENT AUDITOR'S REPORT ONCOMPLIANCE WITH TAX INCREl\iENT FINANCING ACT
To the Honorable Mayor andCity Council ofCity of Belleville, Illinois
We have audited the financial statements of the City of Belleville, Illinois' Tax IncrementFinancing District #1, Tax Increment Financing District #2, Tax Increment FinancingDistrict #3, Tax Increment Financing District #4, Tax Increment Financing District #8Downtown South, Tax Increment Financing District #9 Southwinds Estate, TaxIncrement Financing District #10 Lower Richland Creek, Tax Increment FinancingDistrict #11 Industrial Jobs Recovery, Tax Increment Financing District #12 ShennanStreet,·Tax Increment Financing District #13 Drake Road, Tax Increment FinancingDistrict #14 Route 15 East, Tax Increment Financing District #15 Carlyle/Greenmount,Tax Increment Financing District #16 Route 15 Corridor, Tax Increment FinancingDistrict #17 East Main Street, Tax Increment Financing District #18 Scheel Street, TaxIncrement Financing District #19 Frank Scott Parkway, Tax Increment Financing District#20 Route IS/South Green Mount Road, and Tax Increment Financing District #21 BelleValley III as of and for the year ended April 30, 2016, as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financialstatements in accordance with the modified cash basis of accounting described in Note 1;this includes determining that the modified cash basis of accounting is an acceptablebasis for the preparation of the financial statements in the circumstances. Management isalso responsible for the design, implementation, and maintenance of internal controlrelevant to the preparation and fair presentation of the financial statements that are freefrommaterial misstatement, whether due to error or fraud.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with auditing standards generally acceptedin the United States of America. Those standards require that we plan and perform theaudit to obtain reasonable assurance about whether the financial statements are free ofmaterial misstatement.
233 East Center Drive, P.O. Box 4·16Alton, Illinois 62002
(618) 465-7717 Fax (618) 465-7710
80 Edwardsville Professional ParkEdwardsville, Illinois 62025
(618) 656-2146 fax (618) 656-2147
.E~gJ:~§www.cjsco.com
One Westbury Drive, Suite 420St. Charles, Missouri 63301
(636) 723-76·11 Fax (636) 947-4558
An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the entity's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness ofthe entity's internal control. Accordingly, we express no such opinion. An audit alsoincludes evaluating the appropriateness of accounting policies used and thereasonableness of significant estimates made by management, as well as evaluating theoverall financial statement presentation.
We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all materialrespects, the cash balances of the City of Belleville, Illinois' Tax Increment FinancingDistricts, as referred to in the first paragraph, as of April 30, 2016 and the revenues itreceived and expenditures it paid for the year then ended on the basis of accountingdescribed in Note 1.
Basis of Accounting
We draw attention to Note 1 of the financial statements, which describes the basis ofaccounting. The financial statements are prepared on the modified cash basis ofaccounting, which is a basis of accounting other than accounting principles generallyaccepted in the United States of America. Our opinion is not modified with respect to thatmatter.
Other Matters
Supplementary InformationOur audit was conducted for the purpose of forming an opnnon on the financialstatements of the City of Belleville, Illinois' Tax Increment Financing Districts taken as awhole. The other supplementary data on pages 14 and 15 is presented for the purpose ofadditional analysis and is not a required part of the basic financial statements. This othersupplementary information has been subjected to the auditing procedures applied in theaudit of the basic financial statements and, in our opinion, is fairly stated in all materialrespects in relation to the basic financial statements taken as a whole. This othersupplementary information was derived from and relates directly to the underlyingaccounting and other records used to prepare the financial statements. The informationhas been subjected to the auditing procedures applied in the audit of the financialstatements and certain additional procedures, including comparing and reconciling suchinformation directly to the underlying accounting and other records used to prepare the
2
financial statements themselves, and other procedures in accordance with auditingstandards generally accepted in the United States of America. In our opinion, theinformation is fairly stated in all material respects in relation to the financial statementstaken as a whole.
The supplementary information on Pages 16 through 25 is presented for purposes ofadditional analysis and is not a required part of the financial statements. Such informationhas not been subjected to the auditing procedures applied in the audit of the financialstatements and accordingly, we express no opinion on it.
Compliance with Laws and RegulationsThe management of the City of Belleville, Illinois is responsible for the government'scompliance with laws and regulations. In connection with our audit, referred to above, weselected and tested transactions and records to determine the govermnent's compliancewith 65 ILCS 5/11-74.1-3, "Tax Increment Allocation Redevelopment Act".
The results of our tests indicate that for the items tested, the City of Belleville, Illinois,complied with Subsection (q) of 65 ILCS 5/11-74.4-3, "Tax Increment AllocationRedevelopment Act". Nothing came to our attention that caused us to believe that, for theitems not tested, the City of Belleville, Illinois was not in compliance with Subsection (q)of 65 ILCS 5/11-74.4-3, "Tax Increment Allocation Redevelopment Act".
C.g.S~f~LI..<-Certified Public AccountantsAlton, Illinois
September 16,2016
3
ATTACHMENT M
1.) Intergovernmental agreement between the City of Belleville andWolf Branch School District 113. Real estate taxes received in theamount of $5,041.00 were transferred out to District 113.
2.) Intergovernmental agreement between the City of Belleville andWhiteside School District 115. Real estate taxes received in theamount of $1,540.00 transferred out to District 115.
3.) Intergovernmental agreement between the City of Belleville andHigh Mount School District 116. Real estate taxes received in theamount of $12,645.00 were transferred out to District 116.
4.) Intergovernmental agreement between the City of Belleville andBelleville School District 118. Real estate taxes received in theamount of $1,839,083.00 were transferred out to District 118.
5.) Intergovernmental agreement between the City of Belleville andBelle Valley School District 119. Real estate taxes received in theamount of $465,473.00 were transferred out to District 119.
6.) Intergovernmental agreement between the City of Belleville andHarmony-Emge School District 175. Real estate taxes received in theamount of $295,712.00 were transferred to District 175.
7.) Intergovernmental agreement between the City of Belleville andSignal Hill School District 181. Real estate taxes received in theamount of $128,761.00 were transferred out to District 181.
8.) Intergovernmental agreement between the City of Belleville andBelleville High School District 201. Real estate taxes received in theamount of $1,491,897.00 were transferred out to District 201.
9.) Intergovernmental agreement between the City of Belleville andSouthwestern Illinois College District 522. Real estate taxes receivedin the amount of $68,338.00 were transferred out to District 522.
