Park Ridge · Public record
Uptown TIF budget amendment for payments to other taxing bodies
AI-assisted researchHow this was researched and checkedOn February 20, 2024 the City Council approved, on its consent agenda, an amendment to the prior fiscal year's Uptown TIF budget for intergovernmental agreement payments to other taxing bodies. The staff memo's table raises the payments account from $1,208,103 to $1,345,663. The staff memo says the agreements provide shares of increment, Hinkley Park capital reimbursements and new student growth payments, and that increment above budget and a Park District capital request raised the payments. The roll call was 6–0. Source: draft minutes.
Documented status: Approved (recorded in draft minutes), Feb 20 2024. Evidence dated . Later outcomes require a later source.
What changed, and when did it take effect?
· Approved · Recorded in draft minutes
City Council approves the budget amendment
Meeting date: Feb 20 2024. Item VI: the motion carried (6 to 0, 1 absent).
p. 1 · Draft minutes of City Council - February 20, 2024, City Council, Mar 4 2024. Open the quote and source.
p. 2 · Draft minutes of City Council - February 20, 2024, City Council, Mar 4 2024. Open the quote and source.
What was requested, recommended, approved, contracted, reported paid and completed?
Amounts are read from the cited pages and added up by code. A recommendation, an award or an authorized amount does not establish that money was paid.
Budget · FY2023
$1,345,663
An unstated scope
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Budget · FY2023
$1,345,663
An unstated scope
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Budget · FY2023
$1,208,103
An unstated scope
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Contracts, payments and completion
No contract, payment or completion record is published for this item. Approval alone does not establish completion.
Which parcels, agencies, businesses and projects are explicitly connected?
Official identifiers and exhibit listings connect records. A name, an address or distance alone only suggests a connection.
No explicit connection is published for this item.
What remains unresolved?
Open
exceeded budget leading to increased payments to the taxing districts
Confirm dates with the City before relying on them.
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Open
payments based on a percentage of increment revenues received each year, capital reimbursements for Hinkley Park projects, and new student growth payments
Confirm dates with the City before relying on them.
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Open
intergovernmental agreements were established with the Park Ridge Park District and School Districts 64 and 207
Confirm dates with the City before relying on them.
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Open
the Park District capital improvement request exceeded the 2023 budget
Confirm dates with the City before relying on them.
p. 1 · Staff memo of Approve an amendment to the FY2023 Uptown TIF Budget in the amount of $137,560.00 for expenses associated with IGA payments made to government taxing bodies (Memorandum), City Council, Feb 20 2024. Open the quote and source.
Open questions
No open question is recorded for this item.
What does the evidence suggest, and what would change it?
No conflicting records are published for this item.
Official source records
Editions and corrections
Each published change is a new edition. Corrections say what changed and why.
Edition 2(current)
Edition 2: 4 revised.
Edition 1Read this edition
First edition.