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R-43-10 - Authorizing Agreement with Ehlers for TIF Amendment Svc.RESOLUTION - L 3 '(0 RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH EHLERS & ASSOCIATES, INC. FOR TAX INCREMENT FINANCE DISTRICT AMENDMENT AND ADOPTION SERVICES WHEREAS, the Village of Lemont desires of enter into an agreement with Ehlers & Associates, Inc. For Tax Increment Finance District Amendment and Adoption Services for the Downtown TIF due to expire in December, 2015; and WHEREAS, the terms and conditions of the Agreement are outlined in the Proposal dated June 1, 2010 and attached hereto as Exhibit A. NOW THEREFORE, BE IT RESOLVED that the Village Administrator is hereby authorized to execute on behalf of the Village of Lemont the attached Agreement between the Village of Lemont and Ehlers & Associates, Inc. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DU PAGE, ILLINOIS on this 28th day of June , 2010. Debby Blatzer Paul Chialdikas Clifford Miklos Rick Sniegowski Ronald Stapleton Jeanette Virgilio AYES NAYS PASSED ABSENT V V 1/ . -46.1 Ir CHARLENE SMOLLEN, Village Clerk BRIAN K. REA ' ES, Village Presi June 1, 2010 A Proposal for Tax Increment Finance District Amendment and Adoption Services Village of Lemont, Illinois LEADERS IN PUBLIC FINANCE June 1, 2010 A Proposal for Tax Increment Finance District Amendment and Adoption Services Village of Lemont, Illinois EHLERS LEADERS IN PUBLIC FINANCE Ehlers & Associates, Inc. 550 Warrenville Road, Suite 220 Lisle, Illinois 60532 Telephone: 630 - 271 -3330 Fax: 630 - 271 -3369 Toll Free: 800 - 417 -1119 Proposal Contact Nancy Hill, Financial Advisor Telephone: 630 - 271 -3343 Fax: 630 - 271 -3369 Email: nhill @ehlers - inc.com Proposal for Tax Increment Finance District Amendment and Adoption Services For the Village of Lemont, Illinois Table of Contents SCOPE OF SERVICES 1 PROJECT PRICING 3 DUTIES OF THE VILLAGE 4 AGREEMENT 4 ADDITIONAL TIF RELATED SERVICES AND FEES 5 PROJECT TEAM 6 OUR FIRM 9 REFERENCES 13 Proposal for Tax Increment Finance District Amendment and Adoption Services For the Village of Lemont, Illinois Scope of Services Ehlers & Associates, Inc. (`Ehlers ") will provide the following services in the amendment and adoption of the existing Downtown Tax Increment Finance ( "TIF ") District Redevelopment Plan and Project. All services will be performed in conjunction with designated staff of the Village and the community's designated TIF attorney. All attorney expenses are to be assumed by the Village. Phase I - Prepare Amendments to Redevelopment Plan and Project • Review existing Redevelopment Plan and Project, and any amendments, as provided by the Village, to determine where amendments are needed. • Prepare amendments to the Redevelopment Plan and Project for adoption (it is not expected that amendments to the existing Eligibility Report will be necessary). Such amendments may include: o Projections of Redevelopment Goals and Objectives for the TIF Plan in conjunction with the Village's Comprehensive Plan. o Revenue estimates, program costs, and plan budget. o Legal findings and certifications under the law. o Projections of EAV and Tax Increment for the Redevelopment Project Area. • If necessary for the proposed Amendment, the Village will provide a list of PINs in TIF District and its Legal Description. Any revisions to the legal description are the responsibility of the Village. Fee for Phase 1: $8,000 Phase II - Adoption of Project • Confer with Village staff and the TIF Attorney on the construction of adoption timeline. • Attend and make presentations at all public meetings and provide guidance to the Village in the public participation process. • Attend and make presentations at Joint Review Board meeting(s). • Attend and make presentations at appropriate Board meetings. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 1 June 1, 2010 • Unless otherwise arranged, the Village will be responsible for all notifications to the public, residents, property owners, and publications. Ehlers will furnish sample copies of notices and advertisements, if requested. • Provide project plan amendments, if required as a result of the Joint Review Board or public participation process and agreed to by the Village. • Assist the community in submitting all forms and data, based on information in the report to the County Clerk. • Assist the community in submitting required information to the state of Illinois. Fee for Phase II: $1,000 Phase III - Prepare Housing Impact Statement / Feasibility Study It is expected that a Housing Impact Statement / Feasibility Study will be required by the TIF Act as part of the Redevelopment Plan and Project Amendment. Ehlers will: • Prepare a Feasibility Study and Housing Impact Study, per the TIF Act, to include the following: number of residents, number of residents to be relocated, number of low and moderate income residents, and a Relocation Plan. • Attend and make presentation at the required Public Information meeting Fee for Phase III, if required: $10,000 Meetings Ehlers will participate in the following: 1. A project initiation meeting or conference call with representatives of the Village to launch the project and to coordinate various public process steps. 2. A community meeting as required in connection with the Housing Impact Study. 3. A meeting with Village staff to review findings and draft reports prepared by Ehlers. 4. Joint Review Board meeting with representatives of local taxing districts to review the eligibility and scope of the proposed Amended Redevelopment Plan and Project. 5. A public hearing on the proposed Amended Redevelopment Plan and Project. 6. One additional progress meeting to be scheduled at the discretion of the Village staff. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 2 June 1, 2010 Alternate / Additional Services and Meetings The Scope of Services includes time and expenses associated with two iterations of the documents. Additional revisions or extended delays in receiving comments and changes to the documents will result in additional services. Over the course of the assignment, additional services maybe be required that are not included in the Scope of Services. As authorized by the Village, Ehlers will participate in additional meetings and will complete additional assignments outside of the Scope of Services where necessary or desired to assist the Village. Services could include work associated with boundary changes, updating information collected in a previous tax year, additional research and analysis associated with changes to the development program, delays that require updating tax or survey data, or more extensive mapping. Any additional service requested or required will be submitted to the Village for authorization prior to its completion and will be subject to Hourly Billing Rates of $195.00 per hour. Project Pricing The Scope of Services will be completed for the costs provided below, which include all time, materials, and expenses: Phases I and 11 $9,000 Phase Ill, if required * $10,000 * This additional fee will only be incurred if determined that a Housing Impact Study is necessary. Invoices will be submitted to the Village and payable upon receipt. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 3 June 1, 2010 Duties of the Village The Village will be responsible for the publication and mailing of all notices related to the adoption process. The Consultant will provide all sample documents to the TIF attorney. The Village will authorize and direct its administration, attorneys, bond counsel, accountants, engineers, architects, actuaries, and other consultants to prepare and furnish such information as may be reasonably necessary for Ehlers to carry out its duties and obligations, all at no cost to Ehlers. Agreement This proposal is respectfully submitted by authorized representatives of Ehlers & Associates, Inc.. Nancy Hill, AICP, Financial Advisor Ehlers & Associates, Inc. Bradford J. Townsend, Financial Advisor Illinois Team Leader Ehlers & Associates, Inc. The Village of Lemont, Illinois hereby accepts the above Proposal for the TIF pistrict Amendment and Adoption (Phases I — III) by its authorized officers, this day of j 1-■ , 2010. Attes By: Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois 14,4./ Page 4 June 1, 2010 Additional TIF Related Services and Fees Ehlers is available to assist the Village with any or all of the services listed below: Developer Pro forma Analysis Ehlers can assist the Village in the review of Developer Pro forma information to ascertain the appropriate fmancial incentive for the proposed development. This pro forma analysis compares the request of the developer to the going rate of return for the area to evaluate whether the level of the incentive being requested is necessary to make the project work. This further confirms the "but for" clause of the Business District. This information can then be translated as part of the feasibility study for bonds of developer's notes. TIF Financial Feasibility Study Ehlers can provide the necessary fmancial feasibility study for the construction of Developers Notes or for the issuance of bonds. Would be part of debt issuance if Ehlers serves as Financial Advisor for bonds. Developer Selection, Negotiation and Agreement Implementation Ehlers can assist the community in the development of tools to solicit developer's proposals and then assist the community in negotiating the terms of the agreement with the developer. The final agreement is subject to attorney approval. Review of Taxing District Impact As part of negotiations with the taxing districts on the expansion, extension of a TIF district, the Village may need to provide fiscal impact information to the school or other taxing district. Working with the Village, Ehlers & Associates can prepare this information on behalf of the Village. Ehlers would be prepared to discuss their findings with both the Village and the taxing district to assist the Village in their final strategy. Debt Issuance Ehlers will assist the community in the issuance of debt to support the project. • Exploration of type of debt that best serves the community • Preparation of Feasibility Study to support the project • Negotiation of debt TIF Reports Ehlers is available to prepare annual TIF reports or to assist staff in the preparation of these reports. As part of this activity, Ehlers will attend and present reports to the Joint Review Board meeting. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 5 June 1, 2010 Project Team Ehlers offers a group of individuals with an exceptional combination of expertise and experience to act as the financial advisory team for the Village. Ehlers' staff has worked in municipal management, administration, and financial management, school district administration, regional planning, economic development, and state legislative support. This team serves as advisor to many Illinois local governments including the Village of Tinley Park, Village of Lemont, Village of Wheeling, Village of Lake Zurich, and the Village of Mokena. Ehlers uses a team approach. One financial advisor will have primary responsibility for our work with the Village and will be assisted by several other financial advisors and research analysts. This approach fixes responsibility and assures continuity of service for the client from the time of the proposal through any follow -up work. It also allows a better match of Ehlers' staff expertise and experience to the particular needs of the Village. Nancy Hill, Financial Advisor, will serve as lead advisor for the Village. Maureen Barry, Financial Advisor, and Mindy Barrett, TIF Coordinator, will serve as part of the TIF team. In addition, Ehlers, as appropriate, will utilize the resources of all offices to meet the needs of the client. Resumes for Nancy Hill and Maureen Barry are attached. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 6 June 1, 2010 �I:HLERS LEADERS IN PUBLIC FINANCE Nancy Hill Financial Advisor Ncincy jarred the Ehlers'' lllinors office in 2008 as a hnuncial Advisor.. Site has 14 years of experience working for and with municipalities as an urban planner arid cornmrrnity development director, and most recently as the Associate Director fir the DuPage Mayors and Alanagers Conference. Ehlers' clients benefit,f r/ rn Nancy's range of experience and expe rtise in planning, economic development, projecttnanagenrent, budgeting and intergovernmental relations. AREAS OF EXPE Tax Increment Services • Tax Increment Plans for TIF .District Qualification, Adoption, std Amendments • Business District 1'stablisl ncnt and Plans • Developer Negotiations • Developer Proforina Analysis/Bat For `fast • TIF Feasibility Studies * TIP' Revenue Bond_Financi * TIF &multi -:Reporting Development and Redevelopment • Development Strategic Planning • Project Management Services • Developer Attraction and Selection • Development Incentives Analysis • Fiscal Impact Analysis Public Participation • Ref rendatnt Strategies • Public Participation Process • Strategic Canmiunicati ©its Planning • Canununity Su veys/(i iii iiications/ Annual Reports PROFESSIONAL MEMBERSHIPS AND CERTIFICATIONS, Nancy Hill Direct: (630) 271 -3343, nhili ftehiers- inc.com Strategic and Financial Planning • (iu LI "Setting;and Strategic Planning • Financial Management Planning • Capital Improvements Planning • Fiscal impact Studies • Impact Fee Analysis • utility Rate. Studies Debt Planning and Issuance • Short - and Long -ten i Financial Strategics • Analysis and Presentation of Alternate Financing Options, Plan and Tools • Representation to Bond lularlCet and Credit Reporting Agencies • Special Service Areas/District Services Other • Intergovernmental and Public/Privat Negotiations, Projects /Operations • American Institute of Certified Planners • Atnerican Planning Association • Illinois American PlanningA.ssociation • Interraalionul City/County blanagementAssociation • Illinois City /County lidanagement Association • Illinois Development ('ouuicil • Illinois Tax hicremenl Association • Bachelors of Urban Planning and Design, Ball State University, Muncie, • Masters of Public Administration, Universfty of Louisville, Louisville: I:'1' Designing Customized Financial Solutions for Outstanding Communities Ehlers • 550 Warrenvilie Road, Ste 220 • Lisle, iL 60532* Phone: (630) 271 -3330 • Fax: (630} 27 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois 369 Page 7 June 1, 2010 FREERS LEADERS IN PUBLIC FINANCE Maureen Barry Financial Advisor Maureen jotned7he Ehlers' Illinois o in 2008 as a Financial Advisor of cr working in local government management for over 14 years most recently as the Assistant Village Manager in ltrilnette. e'er focus is on assisting Illinois cities, villages, townships, counties, and special districts in the design and implementation offnanczal and economic development solutions: Ehlers' clients benefit from Alaureen's broad per'speclive crud hands -on experience in a wide range of local government matters. Maureen Barry Direct: (630) 271 =3341 mbanv 0ehlers- inc:corn Tax Increment Services • Tax 1ncrentent Plans lbr TIF District Qualification and Amendment • 13usiness District Plans tar Qualification and Amendment • Developer Negotiations' • Developer Profornia .nalysis ?But For Test • TIP Feasibility Studies • TIF Revenue Bond Financing Development & Redevelopment • Development Strategic Planning • Project Nianagement Services • Developer Attraction & Selection • Development Incentives Analysis • Fiscal !tnpacl Analysis Public Participation • Referendum Strategies • Public Participation Process • Community SurveysfComnnunicationsl Newsletters/Annual Reports OF EXPERT CJ+ • • Planning and Issuance Analysis & Presentation of Alternative Financing Options, Plans And Tools Representation to Bond Market & Credit Rating Agencies cies Retttndings Special Service Area Financing Strategic and Financial Planning • Gaol Setting & Strategic Plaimizng • Key Financial Strategies • Financial l4tanageincnt Planning • Debt lklaniigeme?nt • Capital Improvements Planning • Fisch Impact Studies • Impact Fee Analysis • t;liility Rate Studies Intergovernmental and PubliciPrivate Partnerships • intergovernmental and Public /Private Project Studies and Negotiations • International City /C;ouniv Management Association • Illinois City/County Ifanagen:entAssociaation • .ILAssoc1c11ton of Afunicfpul Management Assistants • Illinois Government Finance Officers Association • Illinois Ta Increment Association • Illinois Development Council UCATIUtr • Bachelor afArts (Political Science), University ofDa Eton • Blaster ofPublicAffairs (Public Management), :&drool ofPublic and Envito mtentalAffairs, Indiana University Designing Customized Financial So utions for Outstanding Communities Ehlers • 550 Warrer►vilie Road, Ste 220• Lisle, IL 60532 Phone: (630) 271 -3330 • Fax (630) 271- Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois 69 Page 8 June 1, 2010 Our Firm The key characteristic of Ehlers is "independence." Ehlers is an independent public fmance advisory firm. Our only business is serving local governments. Ehlers is a charter member of the National Association of Independent Public Finance Advisors (NAIPFA). The firm does not have any relationship with any other parties who might attempt to influence the direction or advice of the firm. Our focus is to work with local units of government and not represent the interests of private parties or investors on bond issues. At Ehlers, all employees have ownership in the company and take ownership in serving clients. Ownership sets the tone for the operation of the firm and the nature of the services you receive. All- employee ownership at Ehlers means: • Every Ehlers employee has a vested interest in providing the best possible service. • Our focus is on the long -term success of our clients, not solely on short-term profit and return on investment. Capital Finance and Debt Issuance Capital fmance is the foundation of Ehlers' business. The ability to borrow money and to manage debt effectively helps local governments fund their capital improvements. Ehlers ranks in the top five nationally for financial advisors in the number of competitive bond sales supervised per year. Our approach to debt issuance focuses on: • A thorough understanding of the capital finance options available to local government. • An issuance process that uses specialization to provide efficient and effective results. • Ability to issue bonds and other debt ranging in size from $50,000 to $100,000,000. • Good working relationships with other "players" in Illinois public fmance: bond counsel, local counsel, rating agencies, bond dealers, and bond insurers. Financial Planning Services An important planning tool for local governments is the development of a long -term financial plan. Ehlers believes it is useful to combine elements of strategic and financial planning with capital and operating projections. The result provides an enhanced framework for financial decisions so administrators and elected officials have the essential information needed to make decisions on a timely basis. A financial plan should include three basic elements: • Spreadsheet with five -to -ten year projection of capital and operating needs, • Narrative description of the basis for those needs, and • Prioritized schedule of actions needed to implement the plan. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 9 June 1, 2010 A financial plan differs from a capital improvement plan (CIP). A CIP generally addresses only infrastructure or equipment needs. A financial plan addresses both operating needs and capital needs. It outlines the funding sources as well. Economic Development / Redevelopment Local fmancial resources often play a role in economic development. Ehlers' staff brings the experience gained from participation in hundreds of development projects. This experience covers all forms of development and all types of public participation. Ehlers helps you assemble the pieces of the puzzle: determining need, assessing risk, evaluating options, and making it happen. This may include prioritizing community goals, preparing a financial plan, and developing a framework for successful decision - making. Ehlers can also help communities assess the cost/benefit of proposed developments by producing cash flow projections and impact analyses. Tax Increment Financing Tax increment financing ( "TIF ") has proven to be one of the most significant economic development tools available to Illinois municipalities since the late 1970s. Ehlers & Associates offers a full spectrum of TIF services that help communities (i) assess whether TIF is legally, financially and politically feasible and, when appropriate, (ii) proceed with TIF adoption and implementation. Ehlers' core services include completing the analyses and preparing the reports required for TIF adoption. In addition, we offer sophisticated analysis of revenue projections, financial feasibility, and the potential impacts of TIF on other taxing districts. Once a TIF district is adopted, Ehlers helps municipalities achieve effective and timely project implementation. Ehlers' services include: facilitation of developer recruitment and selection, analysis of project pro formas, negotiation of developer agreements, evaluation of developer incentives, and management of the development process. Business Districts In Illinois, the Business District designation is an important municipal economic development tool that provides strategic planning and sales tax financing for both development and redevelopment areas. Ehlers provides a complete range of services for business district adoption and implementation. Key services included: analysis of business district eligibility, documentation of eligibility findings, preparing the legally required business district plan, analysis of financial feasibility, estimating of sales tax revenue potential and facilitating the public hearing and review process. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 10 June 1, 2010 Strategic Planning The ideal situation for any local government is to have a plan in place before taking action. This is particularly true when major programs or costly projects are being considered. Ehlers can work with officials and staff to develop an operational strategic plan or a community strategic plan. Operational strategic planning is all about making your organization the best it can be by providing excellent customer service, taking on issues, and getting results. Ehlers will facilitate a process for leaders to identify needs and resources, prioritize initiatives, track progress, and measure success. Community strategic planning focuses on an entire city, village, special district, or service area. Ehlers will guide a process for leaders and other stakeholders that we call Key Financial StrategiesTM. It is an opportunity for in- depth consideration of community development including land use, facility use, capital improvements, and service enhancements. KFSTM will help take the guesswork out of your decision - making. You will be more focused, consistent, and strategic. Enterprise Performance and Utility Rate Studies Municipalities, park districts, and other local governments own community enterprise operations. This form of physical asset includes convention centers, sports arenas, water parks, golf domes, fitness centers, water & sewer utilities, and community centers. Day -to- day operations may be entrusted to full -time staff or outsourced to a management company. In either situation, the elected governing board and administration want to be sure that their enterprise is producing service and income to the maximum capability. Ehlers can provide a special evaluation or a periodic assessment of your asset. Our strategic advice will be focused on the best business plan and practices for maximum service and income. Population and Enrollment Studies Ehlers provides a variety of services to help you estimate your population. Since the early 1970's, we have developed and updated the Table of Estimated Population per Dwelling Unit. We do special tables of this kind for school districts, communities, and larger areas. For school districts, we have conducted hundreds of enrollment studies. Communities grow and change through development, population mobility, employment opportunities, and transportation impacts. Ehlers enrollment studies help school districts understand and project for the impacts of these changes. Ehlers has also prepared other specialized population studies, including doing a census for specific areas and doing a kindergarten census for schools. Referendum Related and Public Participation Services We have assisted hundreds of local governments with referendum information programs. We assist clients in putting together an information program for bond issue and tax rate increase referenda. Our involvement can be in the initial planning stages or services can continue throughout the referendum timetable. These services often involve the community with the decision making and implementation process. Services include citizens' advisory committee work, surveys, communications and consensus building, and open house planning. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 11 June 1, 2010 Arbitrage Monitoring Services Sometimes local governments must rebate some of the interest earned from bond proceeds back to the IRS. At Ehlers we help you evaluate ways to qualify for exemptions to this requirement and if that is not possible we offer tracking and reporting services to enable you to fulfill your rebate obligations. Continuing Disclosure One of the services we offer as financial advisors is to help you disseminate your financial information annually to national information repositories when this is required with your bond undertaking. Paying Agent Services It is important that local governments make timely payments on their debt issues. Ehlers paying agent service provides personal service for you through the life of your bond issue. Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 12 June 1, 2010 References The following table contains client reference information and brief summaries of services provided to these selected Ehlers municipal clients. Client Summary of Services Provided Aledo • TIF Reporting / Joint Review Board Janice Green, City Administrator • TIF Assistance Policy 120 North College Avenue P.O. Box 267 • Municipal Practices Assessment Aledo, Illinois 61231 -0267 Phone (309) 582 -7241 Annawan • TIF Feasibility Studies (2) Kennard B. Franks, Mayor • TIF Eligibility Studies (2) P.O. Box 444 • Redevelopment Plans (2) Annawan, Illinois 61234 • Adoption Phone (309) 935 -6226 • TIF Amendment Beach Park • Developer RFP preparation Ken Lopez, Village Administrator • Pro forma Analysis 11270 West Wadsworth Road • Public Participation Beach Park, Illinois 60099 • Developer Selection and Negotiation Phone (847) 746 -1770 • TIF Eligibility Study • Redevelopment Plan • Adoption • Redevelopment Implementation and Management Bellwood • Business District Eligibility Studies and Roy McCampbell, Comptroller Redevelopment Plans (2) 3200 Washington Boulevard • Business District Adoption Bellwood, Illinois 60104 • Proforma Analysis Phone (708) 847 -3500 • Development Consulting • TIF Reporting (7 TIF Districts per year) / Joint Review Board Bismarck • TIF Eligibility Study Eleanor White, Village President • Redevelopment Plan P.O. Box 141 • Adoption Bismark, Illinois 61814 Phone (217) 759 -7984 Bradley • TIF Eligibility Study Gael K. Kent, Village President • Redevelopment Plan 147 South Michigan Avenue • Adoption Bradley, Illinois 60915 • TIF Amendment Phone (815) 932 -2125 Calumet City • TIF Eligibility Study 204 Pulaski Road • Redevelopment Plan Calumet City, Illinois 60409 • Adoption Phone (708) 891 -8905 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 13 June 1, 2010 Client Summary of Services Provided Carbon Cliff • TIF Impact Study Ken Williams, Village President • TIF Eligibility Study 106 First Avenue • Redevelopment Plan P.O. Box 426 • Staffing and Space Needs Study Carbon Cliff, Illinois 61239 • Architect RFP Phone (309) 792 -8235 • $500,000 General Obligation TIF Bonds Centralia • TIF Eligibility Study Brooke A. Smith, Business Development • Redevelopment Plan Manager • Adoption 222 South Poplar Street — P.O. Box 569 • TIF Reporting / Joint Review Board Centralia, Illinois 62801 Phone (618) 533 -7625 Chicago Heights • TIF Amendment Kurt Froehlich, Former TIF Attorney • TIF Eligibility Studies (3) Phone (217) 359 -6494 • Redevelopment Plans (3) Kathleen Orr, TIF Attorney • Adoption (312) 382 -2113 Coal Valley • TIF Eligibility Study Stanley Engstrom, Village President • Redevelopment Plan 900 1S Street — P.O. Box 105 • Adoption Coal Valley, Illinois 61240 • TIF Consulting Phone (309) 799 -3604 Country Club Hills • TIF Eligibility Study Henrietta Turner, City Manager • Redevelopment Plan 4200 West 183rd Street • Adoption Country Club Hills, Illinois 60478 Phone (708) 798 -2616 Creve Coeur • TIF Eligibility Studies (3) Wayne Baker, Village President • Redevelopment Plans (3) 101 North Thorncrest Avenue • Adoption Creve Coeur, Illinois 61611 Phone (309) 699 -6714 Danville • TIF Eligibility Studies (3) John Heckler, Public Development Director • Redevelopment Plans (3) 17 West Main Street • Adoption Danville, Illinois 61832 Phone (217) 431 -2200 Decatur • TIF Eligibility Study Greg Crowe, Economic Development Director • Redevelopment Plan 1 Gary K. Anderson Plaza • Adoption Decatur, Illinois 62523 Phone (217) 424 -2708 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 14 June 1, 2010 Client Summary of Services Provided Dwight • TIF Eligibility Study Kevin McNamara, Village Administrator • Redevelopment Plan 209 South Prairie Avenue • Adoption Dwight, Illinois 60420 Phone (815) 584 -3077 East Dundee • Developer Negotiations 120 Barrington Avenue • TIF Financial Feasibility Study East Dundee, Illinois 60118 • $2.5 Million Tax Increment Revenue Bonds Phone (847) 426 -2822 East Hazel Crest • Redevelopment Implementation and Patricia Lazuka, Village Administrator Management 1904 West 174th Street • TIF Eligibility Study East Hazel Crest, Illinois 60429 • Redevelopment Plan Phone (708) 798 -0213 • Adoption East Moline • TIF Eligibility Studies (3) Rich Keehner, Jr., City Manager • Redevelopment Plans (3) 915 16th Avenue • TIF Amendment East Moline, Illinois 61244 • Adoption Phone (309) 752 -1538 Gilman • TIF Eligibility Study Richard Theesfeld, Alderman • Redevelopment Plan 215 North Central Street • Adoption Gilman, Illinois 60938 Phone (815) 265 -4213 Glenwood • TIF Eligibility Studies (2) Kerry Durkin, Mayor • Redevelopment Plans (2) One Asselborn Way • Adoption Glenwood, Illinois 60425 • TIF Consulting Phone (708) 753 -2400 Havana • TIF Eligibility Study Terry Svob, Economic Development Director • Redevelopment Plan 227 West Main Street • Adoption Havana, Illinois 62644 Phone (309) 543 -3411 Hickory Hills • TIF Eligibility Study Michael Howley, Mayor • Redevelopment Plan 8652 West 95th Street • Adoption Hickory Hills, Illinois 60457 Phone (708) 598 -4800 Hoffman Estates • TIF Eligibility Study 1900 Hassell Road • Redevelopment Plan Hoffman Estates, Illinois 60169 • Adoption Phone (847) 882 -9100 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 15 June 1, 2010 Client Summary of Services Provided Justice • TIF Eligibility Study Kathy Svoboda, Village Clerk • Redevelopment Plan 7800 South Archer Road Justice, Illinois 60458 Phone (708) 458 -2520 Lake Zurich • TIF Consulting Bob Vitas, Village Administrator • TIF Amendment 70 E. Main Street • General Obligation Bonds (Alternate Lake Zurich, Illinois 60014 Revenue Source) Phone (847) 438 -5141 • TIF Debt Restructuring Lemont • TIF Eligibility Studies (2) Ben Wehmeier, Village Administrator • Redevelopment Plans (2) 418 Main Street • Adoption Lemont, Illinois 60439 • TIF Reporting (2 TIF Districts per year) / Phone (630) 257 -1550 Joint Review Board • TIF Consulting • TIF Financial /Bond Feasibility Study Libertyville • TIF Impact Analysis Kevin Bowens, Village Administrator • TIF Consulting 118 West Cook Avenue Libertyville, Illinois 60048 Phone (847) 362 -2430 Long Grove • Proforma Analysis David Lothspeich, Village Manager • Business District Eligibility Study 3110 RFD • TIF Eligibility Study Long Grove, Illinois 60047 • Redevelopment Plan Phone (847) 634 -9440 • Adoption Loves Park • TIF Eligibility Study 100 Heart Boulevard • Redevelopment Plan Loves Park, Illinois 61111 • Adoption Phone (815) 654 -5030 Lyons • TIF Eligibility Study Rob Bush, Village Attorney • Redevelopment Plan Phone (708) 447 -8886 • Adoption • TIF Amendment Machesney Park • TIF Eligibility Studies (2) Bob Mullins, Director of Administration and • Redevelopment Plans (2) Finance • Adoption 300 Machesney Road • TIF Consulting Machesney Park, Illinois 61115 • Developer Incentive Analysis Phone (815) 877 -5432 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 16 June 1, 2010 Client Summary of Services Provided Macomb • TIF Eligibility Study Dean Torreson, City Administrator • Redevelopment Plan 232 E. Jackson Street • Housing Impact Study Macomb, Illinois 61455 • Redevelopment Plan Amendment Phone (309) 836 -0501 • Adoption • Proforma Analysis Marengo • TIF Eligibility Study Donald B. Lockhart, Mayor • Redevelopment Plan 132 East Prairie Street • Adoption Marengo, Illinois 60152 Phone (815) 568 -7112 Matteson • TIF Eligibility Study Andre Ashmore, Mayor • Redevelopment Plan LaVern Murphy, Deputy Director of Economic • TIF Adoption Development • Business District Eligibility Studies and 4900 Village Commons Redevelopment Plans (2) Matteson, Illinois 60443 Phone (708) 748 -5196 • Business District Adoption (2) Mattoon • TIF Eligibility Studies (2) 208 North 19`h Street • Redevelopment Plans (2) Mattoon, Illinois 61938 • TIF Amendment Phone (217) 235 -5654 • Adoption Mokena • Fiscal Impact Analysis Kirk Zoellner, Assistant Village Administrator • TIF Eligibility Study 11004 Carpenter Street • Redevelopment Plan Mokena, Illinois 60448 • Adoption Phone (708) 479 -3900 Mount Carroll • TIF Eligibility Study Julie Cuckler, City Clerk • Redevelopment Plan 302 North Main Street • Adoption Mount Carroll, Illinois 61053 Phone (815) 244 -4424 Oak Park • TIF Eligibility Study Greg Peters, Finance Director • Redevelopment Plan 123 Madison Street • Adoption Oak Park, Illinois 60302 • TIF Consulting Phone (708) 358 -5462 • Fiscal Impact Analysis Oakbrook Terrace • Proforma Analysis Martin Bourke, City Manager • Developer Negotiation 17W275 Butterfield Road • Business District Eligibility Study & Oakbrook Terrace, Illinois 60181 Redevelopment Plan Phone (630) 941 -8300 • Business District Adoption Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 17 June 1, 2010 Client Summary of Services Provided Peoria Heights • TIF Eligibility Study Mark Allen, Mayor • Redevelopment Plan 4901 N. Prospect Road • Adoption Peoria Heights, Illinois 61616 • Redevelopment Management Phone (309) 686 -2373 Richmond • TIF Eligibility Study Tim Savage, Village Administrator • Redevelopment Plan 5600 Hunter Drive Richmond, Illinois 60071 Phone (815) 678 -4040 Richton Park • TIF Reporting (5 TIF Districts) 4455 Sauk Trail Richton Park, Illinois 60471 Phone (708) 481 -8950 Rockton • TIF Eligibility Study Dale Adams, Mayor • Redevelopment Plan 110 East Main Street • Adoption Rockton, Illinois 61072 Phone (815) 624 -7600 Romeoville • TIF Eligibility Study Kirk Openchowski, Finance Director • Redevelopment Plan 13 Montrose Drive • Adoption Romeoville, Illinois 60446 Phone (815) 886 -7213 Rossville • TIF Consulting Terry Prillaman, Mayor 120 East Attica Street Rossville, Illinois 60963 Saunemin • TIF Eligibility Study Michael Stoecklin, Former Village President • Redevelopment Plan Community Building — P.O. Box 283 • Adoption Saunemin, Illinois 61769 • Developer Negotiations Phone (815) 832 -4334 • $400,000 G.O. Bonds (Alternate Revenue Source), Series 2009 Stockton • TIF Eligibility Study Ron Paja, Attorney • Redevelopment Plan 155 West Front Street — P.O. Box 186 • Adoption Stockton, Illinois 61085 Phone (815) 947 -2515 Thornton • TIF Consulting Jack Swan, Village President 115 East Margaret Street Thornton, Illinois 60476 Phone (708) 877 -4456 Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 18 June 1, 2010 Client Summary of Services Provided Tinley Park • TIF Eligibility Studies (2) Scott Niehaus, Village Administrator • Redevelopment Plans (2) 16250 South Oak Park Avenue • Adoption Tinley Park, Illinois 60477 • TIF Amendments (2) Phone (708) 444 -5000 • Redevelopment Implementation and Management • Developer RFP • Developer Negotiation • Public Participation • Proforma Analysis Washington • Redevelopment Plan Amendment Jon Oliphant, Planning & Development Director • Adoption 301 Walnut Street Washington, Illinois 61571 Phone (309) 444 -1135 Watseka • TIF Consulting Robert Harwood, Mayor 201 Brianna Drive Watseka, Illinois 60970 Phone (815) 432 -2711 Wheeling • TIF Amendments (6) Michael Mondschain, Finance Director • TIF Eligibility Studies Peter Vadopalas, Economic Development • Redevelopment Plans Director • Adoption 2 Community Boulevard Wheeling, Illinois 60090 Phone (847) 459 -2600 Winfield • TIF Consulting 27 West 465 Jewell Road Winfield, Illinois 60190 Phone (630) 933 -7150 Worth • TIF Eligibility Study Randy Keller, Village President • Redevelopment Plan 7112 West 111th Street • Adoption Worth, Illinois 60482 • Proforma Analysis Phone (708) 448 -1181 • Redevelopment Implementation and Management Proposal for TIF District Amendment and Adoption Services by Ehlers & Associates, Inc. Village of Lemont, Illinois Page 19 June 1, 2010