I pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation, under God, indivisible, with liberty and justice for all. Madam Clerk, please call the roll. Trustee Estrada Volpe? Here. Trustee Zavagevic? Here. Trustee Conte? Here. Trustee Sargent? Here. Trustee Kaminsky? Here. Trustee Lolino? Here. President Saviano? Here. Okay, we have a public hearing. There's a public hearing scheduled for tonight concerning the proposed West Belmont Avenue Tax Increment Financing District. I hereby convene the public hearing to consider the approval of a redevelopment plan and project, the designation of a redevelopment project area to be known as the West Belmont Avenue Redevelopment Project Area, and the adoption of tax increment allocation financing for the West Belmont Avenue TIF District. THE VILLAGE WILL TAKE NO ACTION TONIGHT CONCERNING THIS MATTER. TONIGHT, WE'LL TAKE PUBLIC COMMENT FROM ALL INTERESTED PERSONS OR AFFECTED TAXING DISTRICTS CONCERNING THE APPROVAL OF THE REDEVELOPMENT PLAN AND PROJECT, THE DESIGNATION OF THE REDEVELOPMENT PROJECT AREA, AND THE ADOPTION OF A TAX INCREMENT FINANCING. AT THIS TIME, WE'LL HAVE A SHORT PRESENTATION FROM THE VILLAGE CONSULTANT CONCERNING THE PROPOSED TIF. GOOD NIGHT, MR. SIDEKICK. I'M PHIL MCKENNAW. AND THIS IS BRETT MICHAELSON. WE'LL REPRESENT RYAN COMPANY, WHO HAS ASSISTED THE VILLAGE WITH RESPECT TO THIS PARTICULAR TAX INCREMENT FINANCE DISTRICT. NOTICES OF THIS MEETING WERE SENT TO OWNERS OF PROPERTY, TENANTS, RESIDENTS, OBVIOUSLY BOARD MEMBERS, TAXING DISTRICTS, AND RESIDENTS WITHIN 750 FEET OF THE PROPOSED TAX INCREMENT FINANCE DISTRICT. IT'S JUST SORT OF A CUMBERSOME WAY TO MAKE SURE THAT EVERYBODY WHO POSSIBLY COULD HAVE ANY INTEREST IN THE DISTRICT IS INVOLVED IN IT. THIS IS JUST WHAT WE'RE GOING TO COVER IN A GENERAL WAY TONIGHT. AND THE KEY POINT, OF COURSE, IS TO ANY COMMENTS AND ANY QUESTIONS THAT ANYBODY FROM THE AUDIENCE AND ANY OF THE TRUSTEES MIGHT HAVE. WE LOOK ON TIF AS REALLY AN OVERARCHING ECONOMIC DEVELOPMENT GOAL. When a municipality looks at what does it want to be, where does it want industrial, commercial, residential, et cetera, where does it want to be and how does it want to help it out, it sets economic development goals. TIF takes those goals, refines them into a plan for the area, says what if we could get a plan for the area that would enhance the residents, enhance the businesses, enhance others in the area. From that, RPA is a redevelopment project objectives, plans and strategies that are put into place. I guess I could do that. What is TIF? The terminology that often is misdescribed. We put it simply as two buckets. Nobody is paying any more taxes, nobody is paying any less taxes as a result of TIF. Property taxes are paid to the county and the county then separates into two buckets. The first bucket is the bucket for taxes that are now being paid based upon the current assessed valuation of the property. The second bucket is the bucket that would represent the growth above that first bucket. In other words, how much more in property taxes have been paid because of the success of the 5th District in bringing in more tax revenue. Again, nobody pays more, nobody pays less. Those two buckets represent the segregation of the two property tax payments. What happens ideally is that you get a triangle in which you get a base amount and all the taxing districts continue to get their base amount and then you get a line going up to represent the differential between those two lines, which is the tax increment finance, and that's used to finance public improvements and a few other things that we'll get to in just a second. This is the area, pretty straightforward, Belmont along the north and south, Oriola on the east, and 79th on the west. It's pretty straightforward, easy. one to draw, and I think we've got just a description on the next page of the exact boundaries of it. How did this come about? Well, staff asked us to take a look with them of some of the findings and why this area might be considered for utilization of tax increment financing mechanism. First, the RPA, and again, the RPA is the TIF, was developed in an era before the village adopted its first comprehensive plan. It's an elderly area. 100% of the structures, all 29, were constructed before more than 35 years of age. High volume of traffic along Belmont requires coordination of future parking needs and planning for future ingress and egress. And also you have heavy traffic along nearby Harlem, which creates additional challenges. THE FINALLY SIZE AND THE CONFIGURATION OF THE LOTS CREATES INADEQUATE LOADING AND UNLOADING PARCELS FOR UNLOADED AREAS FOR THE PARCELS. THIS IS ONE OF ONES, I GUESS YOU'D SAY, IF IT WAS 35 YEARS AGO, IT MIGHT WORK. IT'S NOT 35 YEARS AGO, AND IT WON'T WORK ANYMORE. PLAN IS ON FILE, AND THE PLAN IS A THICK DOCUMENTATION WHICH GOES ABOUT THE BUSINESS OF SHOWING BOTH STATUTORILY and from a pragmatic standpoint, why this area would qualify for and why it would be a good idea to put TIF in. First one is very important. Encourage redevelopment of underutilized buildings or sites. Because of the ability of TIF to take new taxes and provide them to business owners for rehab purposes, for streetscape improvements, for improvements such as that, it has the ability to take a building and have that owner not only see more business, but also have that owner provide more tax money that can be put into the district. The others, I won't read all of them, reduce or eliminate impediments to private development, coordinate development activities within the proposed district, and further the goals and objectives of the Villages Comprehensive Planning effort. This is kind of a tough area because of the narrow nature of the area, but it's one that the Comprehensive Plan does spend some time articulating, and the goal of the Stiff District would be to bring those efforts of the Comprehensive Plan together. I'm going to ask Brett to go through some of the particulars that get us to the point of saying that we think this is a viable TIF plan? Thank you, Phil. As Phil mentioned, the first step in our assessment as to whether or not an area would qualify under the TIF Act is to review the comprehensive plan and have conversations with Village staff. So in our assessment of this particular study area, we found that it does conform to the Village's comprehensive plan. Another aspect is that it must be more than an acre and a half of contiguous parcels. And then if those factors are present, the proposed TIF district would need to meet a minimum number of qualification factors under the act. We found that because of the age of the structures, all 29 were older than 35 years of age, that the area qualifies as a conservation area. If the conservation area qualification factors met, then we would need to look at a variety of factors, 13 different potential qualification factors, and I'll touch on those briefly. And then the final component as to whether or not this area would qualify is to whether or not it meets the but for requirement, which is to say that in our opinion, in the belief of the consultant and the village staff, redevelopment or development of this area would not take place if not for the implementation of a TIF district in this area. Another component of this particular study area is a housing impact study. The TIF Act requires that any time more than 75 occupied housing units are present within a study area, that a public meeting is held. While there is no displacement planned within this documentation, there was no certification made by the village that a displacement wouldn't be possible. So because of that fact, we were also required to create a supplemental document called a Housing Impact Study. Functionally, all Housing Impact Study does... is it doesn't say there's not gonna be any removal, there's not gonna be any displacement. It identifies the type and quantity of housing units within this particular area, and it identifies potential relocation availability replacement housing in neighboring areas if potential displacement were to take place. And again, no displacement is planned, but this is a document that was required per the TIF Act. We also had a public meeting to discuss this on July 11th, Notice was sent to all of the residents within the study area that could potentially be impacted by this. So the TIF Act designation, pursuant to the 2013 Comprehensive Plan, the Village is proposing redevelopment of one of the Village's commercial nodes. It's one of the main commercial areas in the community along with Harlem Avenue. TIF designation is needed in order to address some long-standing deficiencies, repositioning and revitalizing existing properties, assist with the long-term financial stability of the proposed TIF area, and achieving economic development goals of the village. And again, this is something we rely heavily on the comprehensive plan and conversations with the village to identify. So... This particular redevelopment project area would assist with the village strategies of establishing a pattern of land use activities that would increase efficiency and economic relationships, especially complimentary adjacent retail and residential uses that are next to each other. It'll assist if the village would like to enter into any redevelopment agreements for the redevelopment of property. It'll assist with coordinating and providing adequate parking in the area, improving the area appearance through rehabilitation, streetscape, facade rehabilitation, those types of things, coordinating land assembly if needed, and providing infrastructure improvements in the area. So the proposed Belmont Avenue TIF District is found to qualify under the TIF Act. It's a conservation area. All 29 structures were more than 35 years of age or older. And of the 13 potential qualifying factors, we found that six were present here in this study area. The TIF Act requires that at least three are present, we found that there are six. And another component is that the factors are reasonably distributed to a meaningful extent throughout the area. The factors are not present in just one or two of the properties, they are reasonably distributed throughout the entire area. This is a list of all the 13 statutory qualification factors under the TIF Act if the area is a conservation area. The ones that are on the left that are underlined and bolded are the ones found to be present. They include deterioration, obsolescence, inadequate utilities, a lack of community planning, a lag or decline in equalized assessed valuation of the property relative to the village as a whole, as well as excessive vacancies. The key elements of the TIF plan, the proposed redevelopment project area land uses are to consist of residential, commercial, retail, and mixed use. That's of course in compliance with the comprehensive plan. The proposed budget for the study area over the 23 year life is a little over $15 million, 15.7. The base equalized assessed valuation of the study area was a little over $6 million. And over the life of the 23 year period of the TIF district, we expect that equalized assessed valuation would grow to anywhere between 10 and $12 million. On the next page, we have a breakdown of the budget. The most important number is that 15.7 million, which is the total overall budget. The reason I say that is because these line items are fungible, so that is to say you can move some dollar amounts from one line to the other so long as you don't exceed the total budget overall. This is just illustrative of the type of activities that funds could be utilized to address within the study area. They include land acquisition, site preparation, demolition, utility improvements, rehabilitation of existing structures, interest costs, professional service costs, planning, legal, engineering, job training, and school district and library set-aside costs. Talk about the process and next steps. So this is the prior steps that were taken up until this meeting today. Through June through September, the Village Board held discussions regarding the TIF plan with our team, reviewed the eligibility factors that were present, In June of 2024, the Village published a notice of the Village's TIF Interested Parties Registry. The Interested Parties Registry is a mechanism where you can sign up with the clerk's office to receive notice anytime documents are published or notices go out regarding the TIF. On July 11th of this year, the Village held a public meeting for all residents that were within the proposed study area. Again, that was related to the Housing Impact Study and the assessment. In September, Village staff sent notice of a Joint Review Board meeting and public hearing to all the affected taxing districts, as well as the Illinois Department of Commerce and Economic Opportunity. On October 3rd, the first meeting of the Joint Review Board was held. And the Joint Review Board is a body that's made up of the impacted taxing districts within the study area. They review the TIF plan and qualification factors and make a recommendation to the Village Board. On October 3rd, there was a unanimous positive recommendation to move forward with the TIF to the TIF Board. or to the village board. And in October of 2024, village staff also sent notice of availability of the TIF plan, including the eligibility report to all residential addresses within 750 feet, as well as interested parties, as well as the residential units for this public hearing. Something to highlight that all prior required public hearing notices were provided to all parties. So what does the next steps look like? Again, As mentioned, there is no action being taken tonight. This is purely informational. So we're here to hear any questions or comments. In November of 2024, this is what we're doing tonight. In January 2025, the village board would potentially consider the adoption of the resolutions ordinances to create the Belmont Avenue TIF district. That's not the end of the story. Just because the TIF is created doesn't necessarily mean that then people can come and ask for money. Any entitlements and development and redevelopment agreements are subject to approval of the village board. So even if the TIF is in existence, there is incremental revenue that could be utilized. It's subject to village board approval when and how those funds are used. That's all I have today. So thank you. Any questions? Thank you. Has the village clerk received any written comments regarding the proposed TIF district? No, sir. Would any of the trustees like to make a comment for the record? At this time, I would ask the village staff to offer any additional comments they may have. No additional comments, Mr. President. All right. Any public comment regarding the proposed TIF district? Well, we found that... Come on up here, Jill. I'm sure I missed it. I just need your name for the record. My name is Julia Bell, and I had been reading about this, but Elmwood Park, Belmont is not part of Elmwood Park. Yeah, this would go from 76th Court on the east all the way to 80th on the west. But not up to Belmont? 79th along Belmont. That's Elmwood Park then? Yes. Okay, I just didn't know that. Thank you. Yeah, and we found it to be very instrumental in attracting new businesses both on Harlem and on North Avenue. And obviously it doesn't cost any taxpayers anything. It's just how we address incentives and so forth for developers and people coming to renovate properties or open new businesses. My name is Bruce Williams. Bruce Williams. So we live close to North. So is this essentially to kind of like buy up properties off that alley to put extra parking along there, kind of like you guys have done with North? Just curious. We were actually next to Tony D's. That's one building unbeknownst to us. And we were going to take that where the kitchen and bath place is and buy that and knock it down and make it parking. except they share a common roof. So architecturally, we couldn't accomplish it. So we're well aware. The parking is the biggest problem along there, and I think we're going to have to create a solution for that to entice people to come and invest in that whole area. So we're well aware of it. Thank you. Okay. Do we have a motion to close the public hearing? So moved, Mr. President. Second. All in favor say aye. Aye. Opposed? Ayes have it. OKAY, MOVING ON TO THE REGULAR MEETING. I THINK SO. READY? ANN CLARK, RECOGNITION. YES, SIR. THIS EVENING, PRESIDENT SAVIANO AND THE BOARD WILL BE RECOGNIZING THE WINNERS OF THE 2024 HALLOWEEN HOUSE DECORATING CONTEST. THE WINNERS INCLUDE THE SERNA FAMILY AT 2720 NORTH 75TH AVENUE AND THE BANISTIAN FAMILY AT 2129 NORTH 75TH COURT. CONGRATULATIONS TO OUR WINNERS. COME ON UP, WHOEVER'S PRESENT. COME ON UP. WE WANT TO THANK YOU GUYS FOR DOING SUCH A FINE JOB. AND ACTUALLY, A LOT OF RESIDENTS THIS YEAR REALLY KICKED IT UP A NOTCH. WE'RE VERY IMPRESSED. SO THANK YOU. THANK YOU. WINNERS GET A GIFT CARD TO EXPERIENCE IN THE CIRCLE. Thank you very much. Thank you, guys. Thank you. That's good. Great job. Okay, we'll move on regarding the village board meeting. Any other public comments tonight? Another one. It would be nice when they're showing the awards if they had... pictures up on that. I mean, I saw a lot of them. I've ridden all over, but do you think I can remember which one was which? I have a question. Nothing in regards to what was discussed here. You know, it's quite a while ago I had received a message, like everybody else, about the old pipes that go to the thing that they were going to replace the water pipes. Yeah, our lead service planes. Yeah, where are we at? Do you have any idea where we are in that? I sent the pictures in and I never heard. We're completing that survey right now. Oh, okay. Which we have to submit to the IPA. Okay. But as we've been replacing water mains, the main water mains in the streets, we've been also replacing those water lines with copper lines. So we have to report back on how many, Lead lines, we have. And then we'll know the overall cost and know what to apply for as far as funding to replace those. Okay, so then eventually something will transfer. Because my husband says, whatever happened there? I go, well, I must still be studying it. Yeah, no, no. We're just going along whatever the state guidelines are. Okay. All right. Thank you. Jill? What a fine job. Good evening. My name is Julia Bell. I've lived in Elmwood Park almost 23 years. I'm on the 1700 block of 76th Court, and I don't know how to dialogue with the trustees. I don't see email addresses on the Village website, so please correct me if I'm wrong, because my question tonight is about the new cul-de-sac at 76th Avenue, and what's going to happen to traffic now with basically that alley becoming a street. I go in and out of that light so many times a day. And that street cannot handle two lanes of parking and north and south traffic. And everybody has to go in that way now. There's only one other way in. And everybody who wants to go east has to go out. If you don't already know, well, there's one sign on that street that says there's no parking during 7 to 9 AM and 4 to 6 PM. It's all the way at the north end of the block. There should be multiple signs there. And I actually think you should consider not having any parking on that street. But at a bare minimum, it would be nice to see the no parking enforced. Because if there's one truck or one car parked, and then everybody trying to get in and out, it's a complete nightmare. And during busy restaurant times, cars are coming down what's now a street. That alley is now a street. No one stops at the stop sign. No one stops at that stop sign. Ask anyone who's walked a dog or pushed a baby stroller. All those stop signs in Elmwood Park alleys are a joke. They only stop at the mouth of the alley, and they're only looking the way a car could be coming. So that worries me. I have three young drivers, not young kids, but young drivers, and I'm very concerned about that. And will people on 76th Avenue like not having parking on one side? No, but I hope you considered it when you put... another cul-de-sac in and another gate and all that. I don't even know why 77th Avenue ever got cul-de-sacked. I don't really understand why there were ever, I can see why the Johnny Street is very busy. I don't know why 77th couldn't be open for northbound traffic. We're just trying to get home. We're just trying to leave. And at the very minimum, like I said, I would hope you would enforce and put more signs up making it clear, please do not park here between 7 and 9 and 4 to 6. First of all, we all experience the same thing you are. I know. Second of all, I guess we kind of took a lead off Oak Park, what they did, you know, blocking streets off all along North Avenue. But they're not all, because I go that way. So you can get into Oak Park at Woodbine, at Forest, at... At Forest? Yes, you can, except between 7 and 9. Okay. Yep. There are far more entryways, and you can obviously get in at Oak Park Avenue. Then you can get in at Linden because my kids went to Giles. You can get in at Columbian. You can get in at East. They do use slowdown bumps. That's fine. Elmwood Park put a stop sign at the Court of Obansia and 76th Court many years ago, which was great because cars were flying down there to turn left on Obansia to get to the light. And I just wonder if enforcement and maybe non— concrete barriers could be considered. I mean, for a while, there was a sign saying, we're ticketing people who don't live in Elmwood Park on the Johnny's block. But it never went anywhere. It seemed like it was six months, and then the cul-de-sac went up. So I'm curious, did you do traffic studies? Why didn't parking tickets work? Did it not work? Anyway, I just... Well, we did traffic studies, and we're going to continue traffic studies. But the residents on the block of 75th Avenue, You would have been at the meetings. They were constantly here, and we've been going through it with them for 11 years, how many years? A lot of years. That's not in any of the meeting minutes going back to early in 2024. Would those conversations have happened? Before that. Oh, before that, okay. But we did have a conversation with them. Yeah, this year we had one. In public comment. In public comment. Okay. I went back many, many months. It's such a big infrastructure. They're pretty adamant. We could show you the e-mails. I'm sure they are. I'm sure they are. That's why we're not totally closing off 75th. We're putting the gates there. So we will, at times, traffic will go through. But that's part of our ongoing traffic study with our engineers and with our traffic and safety committee. Listen, we're all in this together. I know, but there must be some, the person who lives at the alley at 76th Avenue, they must have told you they don't want to sell their house because there's no, you know, you've knocked some of those, there's still a house standing, which I'm sure you want, and if you had it, you could open the mouth of that alley too because the other thing that happens is there's a car waiting to pull onto 76th Avenue and... You're talking about the east side of the street. I'm talking about the east side of the street because you have... We're in court. We're in court. We're going to get the house. It would be nice to, I hope everybody in that house. He doesn't really own the house. Okay. That's good. That's good because. He's pretty much a squatter. Okay. And he has, that house has numerous violations depending on it. So we will eventually get it. Well, someone parks a car right outside that house, a very brave person who doesn't like their side view mirrors, but that mouth of the alley now, if there's anyone waiting to turn and then there's a car coming north on 76 and they want to turn, they wait, and this car can't get, it's just, so I'm just, I know as, I think all of you are probably residents and you probably know, but that's the street I use all the time and I just want to reinforce it's very, during busy times, not, early in the morning, but during busy times, during school drop-off, it's very, very dangerous right now. So thank you very much. Thank you. Bruce Williams, again. I wouldn't, on the, since, you know, there aren't going to be too many northbound streets off of north anymore. um you know that aren't blocked off except for a couple of them 78th and um 76th um but on the southbound sides it's our chance you guys can have the street department paint some lines so that there's an actual left-hand turn lane and a right-hand turn lane on those southbound lanes that go on to north avenue i can't tell you how many times go down uh to get on to north go down um or, you know, 77th or even, you know, not on 76, obviously, but, and somebody's sitting in the right lane going to make a left-hand turn. Okay, I mean, it's a one-way street. We've got plenty of room to do that. I would think the easiest thing to do would just be paint some yellow lines on those streets. You know, preferably, I would prefer we can't make left-hand turns there. We have the sign up there. There's no signs. 75th there is, and we have barriers. I'm talking about 77th, I think, probably. Sorry. okay sorry yeah all right that's where we live on so yeah that would make sense i still get confused we've only been here for a few years um but yeah in 76 court there's no sign that i've seen and if there is 77 court right 76 yeah i mean so and even if there is to be perfectly honest signs they're small okay i've got an older population still in this area from what i've seen and My eyes aren't getting any better either. You look hard for signs, but you can certainly see the painting on the road. I would think that would be an easier fix than anything else. We have the same problem, and there's no left turn out of 73rd by Binney's. Right, but you've got that block. Who would want to make a left-hand turn? I'm 100% with you. If you want to put barriers up there and keep people from making a left-hand turn, that's fine with me too. Or do what they did on... river forest on, you know, Le Moyne and, you know, going on to Harlem. I don't have a problem with that. But, you know, concrete's not cheap and paint's cheaper. I think it would, you know, if it doesn't work, by all means. We'll take a look at it. Thanks a lot. Yeah, thanks. Okay, committee reports. The only thing I have just, sorry, excuse my voice. We have regular voting. Election day is tomorrow. The polls are open from 6 a.m. to 7 p.m. tomorrow. You must vote at your regular precinct polling place. I've been reaching out to the judges over at the Parks and Rec Center every day. They've been super busy. As of about 3 o'clock this afternoon, we serviced 5,809 early voters, which is about an average of a little bit over 400 a day, which is, I think, the most we've ever done for early voting, pretty sure. But they're slugging through it, and they've been troopers, and everybody has been very patient, and it's been good. But, yeah, tomorrow is your regular election day, 6 a.m. to 7 p.m. If you don't know where to vote, you can go on the Cook County Clerk website, put your address in, and we'll tell you where to go. Thank you. It's hard to believe that since early October, our village employees started decorating our village for Christmas. I wanted to acknowledge and thank them for their hard work. Our town looks beautiful. Can't wait to see it. Can't wait for the tree lighting ceremony, which is Friday, December 6th. Our holiday stroll starts at 5, and then the turning point dancers at 5.30, train ride from 5 to 6.30, hot chocolate, tree lighting again at 6, and, of course, picture with Santa. And I love this town and everything they do, and I want to thank the employees. Mr. President, I just want to send a... But congratulations and thank you to our Chief Hock in the Alma Park Police Department, Chief Terzo in the Alma Park Fire Department, and the Post 42 Charitable Foundation. This past Saturday, they ran a second annual botching for the Red, White, and Blue fundraiser and raised over $16,000 for the 100 Club of Chicago as well as the local Veterans in Need Fund. So thank you. Job well done. Thank you, Mr. President. I just have something from the Township Assessor's Office. Maria Pappas, Cook County Treasurer, has announced her tax sale. It will be December 10th this year, and it is for delinquent property tax year 2022 taxes. So take a look at her website if you have delinquent taxes or if you're concerned, or call the township assessor. Thank you. No report, Mr. President, but I do want to wish everyone a happy Thanksgiving. Two items to report tonight, Mr. President. The first is that the Finance Committee met this evening at 5.30 p.m. reviewed the bills and vouchers for the month of October and unanimously recommended same for approval tonight. And secondly, the fire pension board met this morning and they have voted and approved their levy request, which should be communicated to the village very shortly. No report, Mr. President. Mr. Durkan? I don't have anything for the agenda to report on, but I would like to make a comment. I can only assume that I didn't get an award for the Halloween decorating because of my role as village attorney. But I just want to make a statement that the orange lights still left on my tree are Thanksgiving decorations. I took all the ghosts and goblins down. But congratulations to the people that won Mr. Volpe? I would have voted for you, Mike. Mr. President, I had no role in it. As you know, the village recently entered into a redevelopment agreement for the property located at 7528 West North Avenue. The board will be asked to ratify my execution of an amendment to that RDA. The amendment shifts responsibility for demolition from the developer to the village. It also moves the closing date to March 3rd, 2025, and the date associated with the additional incentive to October 1st, 2025. I said that demolition should begin early November, but it's almost done, and the Board will be asked to ratify my acceptance of a proposal from Deany Excavating to perform that demolition. The Board will consider the tax levy for the fiscal year beginning May 1st, 2024, Total amount of appropriations to be collected from the tax levy is $15,156,342, which is consistent with the estimate previously passed by the board. In accordance with the truth in taxation law, this does not include the levy for village debt service. When compared to the net extension for last year, the tax levy represents a 2.93% increase. The board will be asked to accept a proposal to renew. Property casualty liability and workers' compensation insurance coverage for the December 1st, 2024 to November 30th, 2025 policy term. Our broker, Alliant Insurance Services, recommends renewal with our current carrier, the Illinois County's Risk Management Trust, or ICRMT. The overall premium without the lost fund requirement is increasing by 18.57% to $725,483. This renewal also increases the self-insured retention protocol for workers' comp insurance to $250,000. The transfer to the loss fund also increases to $573,000. However, the Village will likely only fund that at 85% because we are well overfunded. The current balance in that loss fund is over $2.4 million as it stands. And lastly, the board will be asked to authorize the auction of three surplus vehicles no longer necessary or useful to the village. Thank you, Mr. Volpe. And I want to thank our residents and our police department for allowing to have a safe Halloween this year. No incidents, knock on wood. And we really appreciate everybody's diligence in accomplishing that. As you can see in the circle, we've started working on the Pompei Bakery that's coming to the circle. That should be hopefully done by early next year. And as Mr. Volpe said, we've demolished the old apothecary building on North and 75th, and we've signed the RDA with them. In fact, I think we're going to approve it tonight. We approved that already. Two amendments. To bring a brand new Greek taverna there, something like a Greek aisles. And we also, at the next meeting, we'll probably approve a RDA redevelopment agreement with Ace Hardware, building a brand new Ace Hardware on Harlem and Diversity. And we're very excited because he's also the owner of one on Cumberland and Lawrence. and he owns four other wines, including one in Mesa, Arizona. So he's a pro, and we were able to attract him, and that'll save me from going to Home Depot, and I can spend the money on a car. So thank you with that, and we'll move on to the consent agenda. This evening on the consent agenda, we have approval of the minutes of the meeting of the President and Board of Trustees held on October 7, 2024. APPROVAL OF THE MINUTES OF THE SPECIAL MEETING OF THE PRESIDENT AND BOARD OF TRUSTEES HELD ON OCTOBER 7, 2024. RECEIVE AND FILE MINUTES OF THE PLAN, ZONING, AND DEVELOPMENT PUBLIC HEARING ON SEPTEMBER 23, 2024. RECEIVE AND FILE MINUTES OF THE FINANCE COMMITTEE MEETING HELD ON SEPTEMBER 9, 2024. RECEIVE AND FILE MINUTES OF THE TRAFFIC AND SAFETY COMMISSION MEETING HELD ON OCTOBER 15, 2024. WE HAVE A MOTION TO APPROVE PAYMENT OF THE BILLS AND VOUCHERS FOR THE MONTH OF OCTOBER 2024 in the amount of $8,894,536.79, various license applications received and processed by the Village Clerk's Office. We have a resolution authorizing and ratifying the First Amendment and Second Amendment to Redevelopment Agreement between 7528 West North Avenue, LLC and the Village of Elmwood Park, an ordinance for the levy and assessment of taxes for the fiscal year beginning May 1st, 2024, AND ENDING APRIL 30, 2025 OF THE VILLAGE OF ELMOOD PARK, COUNTY OF COOK, STATE OF ILLINOIS. AN ORDINANCE RATIFYING THE EXECUTION OF A PROPOSAL FROM DEANY EXCAVATING FOR THE DEMOLITION OF THE BUILDING LOCATED AT 7528 WEST NORTH AVENUE, ELMOOD PARK. A RESOLUTION AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FROM THE ILLINOIS COUNTY'S RISK MANAGEMENT TRUST FOR PROPERTY LIABILITY AND WORKER'S COMPENSATION COVERAGE FOR THE DECEMBER 1, 2024 TO NOVEMBER 30, 2025 POLICY TERM. A motion to approve the 2025 regular meeting schedule of the President and Board of Trustees of the Village of Elmwood Park, Illinois, and an ordinance authorizing the sale by public auction of personal property owned by the Village of Elmwood Park. Motion to approve, Mr. President. I'll second. Okay, anything on the question? Seeing none, Madam Clerk, please call the roll. Trustee Estrada-Volpe? Yes. Trustee Zavagevic? Yes. Trustee Conte? Yes. Trustee Sargent? Yes. Trustee Kaminsky? Yes. Trustee Lolino? Yes. President Saviano? Yes. Okay, under new business. New business. We need a motion to advise and consent to your appointments to the Youth Commission as listed below. Lauren Gruber, a member with a term to end April 30th, 2027. Emma Santiago, a member with a term to end April 30th, 2025. And Eric Vigueras, a member with a term to end April 30th, 2026. Move to advise and consent. All those in favor say aye. Aye. O's? I think Lauren's here and Eric is here. Eric's here. Come on up, Lauren. Come on up, Eric. Is Emma here? I don't see Emma here, though. Hey, guys. So first of all, I want to thank you for agreeing to serve on the commission. Our commissions here in the village are priceless to us as a village government. You're our ears and eyes out there, especially our youth. YOU GUYS WANTED TO BE ON THE YOUTH COMMISSION. THAT'S A VERY, VERY IMPORTANT ROLE. AND I KNOW WITH YOUR ADDITION, WE'LL ENERGIZE THAT COMMISSION EVEN MORE THAN IT ALREADY IS. SO WITH THAT, PLEASE RAISE YOUR RIGHT HAND AND REPEAT AFTER ME. I, STATE YOUR NAME. I, ERIC. SOLEMNLY SWEAR. SOLEMNLY SWEAR. TO UPHOLD THE CONSTITUTION OF THE UNITED STATES OF AMERICA. TO UPHOLD THE CONSTITUTION OF THE UNITED STATES OF AMERICA. THE CONSTITUTION OF THE STATE OF ILLINOIS. and the code of the Village of Elmwood Park, and to perform in an ethical and honest manner, in my capacity as Commissioner, to the best of my ability, so help me God. Congratulations, thank you. Okay, next up. Next we have a motion to approve a recommendation from the Traffic and Safety Commission for items listed to place a stop sign at the south corner of the Oak Park Country Club Service Drive and Country Club Lane, to install stop signs on east and westbound Armitage at 76th Avenue, and to install resident parking only signage on the 3100 block of 77th Court. Motion to approve, Mr. President. I'll second. All in favor say aye. Aye. Opposed? The ayes have it. And thank you to our chairman there, the Traffic Safety Committee. Thank you. All right, is there any other business to be brought before the board tonight? Seeing none, we'll entertain a motion to adjourn. So moved, Mr. President. Second. All in favor, say aye. Aye. Opposed? The ayes have it. Happy Thanksgiving, folks.