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R-38-12 Authorizing Ehlers & Associates for TIF Study for Amending the Gateway TIF DistrictRESOLUTION A RESOLUTION AUTHORIZING THE VILLAGE ADMINISTRATOR TO ENTER INTO AN AGREEMENT WITH EHLERS AND ASSOCIATES TO PRODUCE A TIF STUDY FOR AMENDING THE GATEWAY TIF DISTRICT WHEREAS, in conjunction with the TIF amendment process a TIF study is required by Illinois State Statute; and WHEREAS, the Village Board deems it to be in the best interest of the Village of Lemont to enter into an agreement with Ehlers and Associates for the TIF amendment and study services; and NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the Village of Lemont that: SECTION 1: That the Village Administrator is authorized to enter into an agreement with Ehlers and Associates for a total not to exceed fee of $16,000. SECTION 2: Effective Date: This Resolution shall be in full force and effect from and after its passage, approval and publication in the manner provided by law. The Village Clerk of the Village of Lemont shall certify to the adoption of this Ordinance and cause the same to be published in pamphlet form. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILL GE OF LEMONT, COOK, WILL AND DU PAGE COUNTIES ILLINOIS on this Day of , 2012. AYES NAYS PASSED ABSENT Debby Blatzer Paul Chialdikas Cliff Miklos Rick Sniegowski Ronald Stapleton Jeanette Virgilio Attest: K. REAVES, Village President ARLENE SMOLLEN, Village Clerk FREERS LEADERS IN PUBLIC FINANCE July 2, 2012 A Proposal for TIF District Amendment and Adoption Services Gateway TIF District, Village of Lemont, IL 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, AICP, Financial Advisor Phone: 630 - 271 -3343 Email: nhill @ehlers - inc.com Illinois www.ehlers- inc.com phone 630.271 -3330 550 Warrenville Road, Suite 220 Offices also in Minnesota and Wisconsin fax 630-271-3369 Lisle, IL 60532 -4311 toll free 800 -417 -1119 Proposal for TIF District Amendment and Adoption Services Gateway TIF District, Village of Lemont, Illinois Table of Contents Page Introduction 1 Scope of Services 2 Project Pricing 5 Additional TIF Related Services and Fees 5 Project Team 6 Duties of the Village 7 Agreement 7 APPENDICIES Appendix A: Firm Profile 8 Appendix B: Ehlers Resumes 15 Appendix C: Ehlers Municipal Clients 17 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page i July 2, 2012 Proposal for TIF District Amendment and Adoption Services Gateway TIF District, Village of Lemont, Illinois Project Proposal Introduction The following submittal is provided by Ehlers & Associates, Inc. ( "Ehlers ") is to assist the Village of Lemont ( "Village ") with an amendment to the existing Gateway TIF District. The primary purpose of the amendment is to add parcels to the redevelopment project area. Ehlers is an independent financial advisory firm, and Ehlers' staff has had the pleasure of providing service to local governments in the Midwest since 1955. Sixty -seven professionals serve clients in Illinois, Minnesota, and Wisconsin. These include seven professionals in the Lisle, Illinois office from which the Economic Development Consulting Services would be performed. Ehlers provides a complete range of services for TIF Districts and economic development. Key services include analysis and documentation of TIF District eligibility, recommendations for district boundaries, preparation of required reports, projection of tax increment and sales tax growth, coordination of public process, developer negotiation and pro forma analysis, project management and other financial analysis. See Appendix A for a complete Firm Profile. Our project approach for amending a TIF District covers four main phases of work. It is anticipated that each phase would build on previous phases and could be separately authorized by the Village of Lemont. The first phase includes the review of the proposed additional parcels to the Redevelopment Project Area, field surveys, and data analysis related to project eligibility. Findings are then documented in an Eligibility Report. The second phase would be to prepare Amended Redevelopment Plan. Along with the Eligibility Report, the Amended Redevelopment Plan is required to initiate the public hearing process and serves as the basis of the ordinances establishing the TIF District. The third phase consists of the adoption process, which includes a required meeting of the Joint Review Board and a public hearing, concluding with the Village's action on the adopting ordinances. While it is not anticipated at this time, a fourth phase to complete a Housing Impact Study and host a community meeting may be required. If during Phase I, it determined a Housing Impact Study is required by the TIF Act, Ehlers will prepare the necessary document and attend and make a presentation at the community meeting. This phase will only be completed if it is determined to be required by the TIF Act. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 1 July 2, 2012 Project Proposal Scope of Services Ehlers will provide the following services in the amendment and adoption of the existing Gateway 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 — Review Eligibility of Amended Area • Review the Amended Project Area to ascertain project parameters and determine whether it appears to qualify by the standards outlined in the TIF Act. • Establish the Amended Project Area Boundary. Ehlers will map these boundaries and make recommendations for alterations based on information gathered. When finalized, the Village will confirm PINs to be included in the Amended Project Area Boundary and will provide the Legal Description for the boundary of the proposed Amended Redevelopment Project Area. • Review each new parcel according to the criteria set forth in the TIF Act. • Document all eligibility criteria related to each parcel or block. If a certified Engineer's statement is necessary to determine chronic flooding, the Village will be responsible for obtaining and providing that statement. • Prepare an Eligibility Report that amends the existing report by adding parcels and documents the findings in accordance with the TIF Act. Fee for Phase 1: $8,000 Phase II — Prepare Amendments to Redevelopment Plan • Review existing Redevelopment Plan to determine where amendments are needed. • Prepare needed amendments to the Redevelopment Plan for adoption. Such amendments will likely include: o Updated revenue estimates, program costs, and plan budget. o Updated Projections of EAV and Tax Increment for the Amended Redevelopment Project Area. o Revised Redevelopment Goals and Objectives for the TIF Plan in conjunction with the Village's Comprehensive Plan. o Legal findings and certifications under the law. • Any revisions to the legal description are the responsibility of the Village. Fee for Phase 11: $6,000 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 2 July 2, 2012 Project Proposal Phase III - Adoption of Project • Confer with Village staff and the TIF Attorney to determine the adoption timeline. • Attend and make presentations at all public meetings and provide guidance to the Village in the public participation process (see "Meetings" section below for further detail). • Attend and make presentations at Joint Review Board meeting(s) (see "Meetings" section below for further detail). • Attend and make presentations at appropriate Board meetings (see "Meetings" section below for further detail). • 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 III: $2,000 Phase IV - Prepare Housing Impact Statement / Feasibility Study Although it is not anticipated that a Housing Impact Statement/Feasibility Study will be necessary, if it is estimated that there will be ten (10) or more occupied residential units that may be need to be relocated and /or seventy -five (75) or more occupied residential units in the redevelopment project area and a Housing Impact Statement / Feasibility Study is required, 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 a community meeting (a public information meeting is required). Fee for Phase IV - Preparation of Housing Impact Statement / Feasibility Study: $10,000 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 3 July 2, 2012 Project Proposal 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 meeting with Village staff to review findings and draft reports prepared by Ehlers. 3. A public information meeting for the Housing Impact Study, if required by the TIF Act. 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. 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. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 4 July 2, 2012 Project Proposal Project Pricing The Scope of Services will be completed for the costs provided below, which include all time, materials, and expenses: Phase I — Review Eligibility of Amended Area Phase II — Prepare Amendments to Redevelopment Plan Phase III — Adoption Total for Phases I, II & III $8,000 $6,000 $2,000 $1 6,000 Phase IV — Housing Impact Study* $10,000 * NOTE: If it is determined that a Housing Impact Study / Feasibility Study is required by the TIF Act, an additional fee of $10,000 will be charged, for a total of $26,000. Invoices will be submitted to the Village and payable upon receipt. 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 financial 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 financial 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. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 5 July 2, 2012 Project Proposal 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. Project Team Ehlers offers a group of individuals with an exceptional combination of expertise and experience to act as the Economic Development and TIF Team for the Village. Below is information about the project team and staff of the firm. 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 Glen Ellyn, Village of Mokena, City of Wheaton, Village of Wheeling, Village of Tinley Park, and the Village of Lake Zurich, among others. Ehlers will use a team approach with financial advisors assisted by research analysts. Nancy Hill, Ehlers Financial Advisor, will serve as the Lead Consultant to the Village. Maureen Barry, Financial Advisor, will serve as the second advisor for the Village. 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. 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 in Appendix B. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 6 July 2, 2012 Project Proposal 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.: AtA Nancy Hill, AICP, Financial Advisor Ehlers & Associates, Inc. Todd Taves, CIPFA, Financial Advisor Executive Vice President Ehlers & Associates, Inc. The Village of Lemont, Illinois hereby accepts the above Proposal for the TIF District Amendment and Adoption Services by its authorized officers, this day of , 2012. Attest: By: Please send a copy of the agreement page with original signature to: Ehlers & Associates, Inc. 550 Warrenville Road, Suite 220 Lisle, Illinois 60532 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 7 July 2, 2012 Appendices Appendix A: Firm Profile Ehlers is an independent public financial advisory firm. We have been in business for over fifty years working exclusively for public sector clients throughout Illinois and the Midwest. Our mission is to design customized financial solutions that help build outstanding communities. Ehlers has chosen the words "outstanding" and "community" on purpose. Our clients want to improve lives, and we help them strategically and tactically build stronger, financially stable, outstanding communities. 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 clients 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. Ehlers is charter member of the National Association of Independent Public Finance Advisors (NAIPFA). This professional association is dedicated to high ethical standards and a commitment to providing independent advice that serves the public good. Ehlers is registered a Municipal Financial Advisor with the Securities and Exchange Commission (SEC). Our dedication to "how" we deliver our services is as unique and comprehensive as the service itself. We listen to our clients' needs, maintain highly qualified employees to team with them, and present customized options to help decision - makers confidently select the best and lowest cost solutions for their citizens. Ehlers is a full service firm and TIF is just one of Ehlers' core services. The staff at Ehlers provides a wide range of financial services designed to help resolve issues facing local governments. The following pages contain a summary of our services. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 8 July 2, 2012 Appendices Debt Planning and Issuance Capital finance is the foundation of Ehlers' business. The ability to borrow money and to manage debt effectively helps local governments fund capital improvements. 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 finance, including bond counsel, local counsel, rating agencies, bond dealers, and bond insurers. Ehlers ranks in the top five nationally for financial advisors in the number of competitive bond sales supervised per year. 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. Investment Services To achieve the optimal investment of bond proceeds and idle funds, we offer Ehlers Investment Partners (EIP). This Ehlers subsidiary was created specifically to provide our clients with integrated, expert investment advisory services. EIP works with you to analyze projected drawdown schedules (contractor payments) and various investment alternatives. 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 Village of Lemont, Illinois Ehlers Page 9 July 2, 2012 Appendices Economic Development and Redevelopment Local financial 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 pro formas, negotiation of developer agreements, evaluation of developer incentives, and management of the development process. TIF Projections Changes in the broader economy have impacted TIF cash flows. Ehlers can assist you in updating an existing project's performance or evaluating changes in a TIF district and /or project area to ensure that you are using all of your available resources to their maximum potential. 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 Village of Lemont, Illinois Ehlers Page 10 July 2, 2012 Appendices Development Pro forma Analysis /But -For Test and Negotiation One of the biggest challenges communities face is working with developers to determine the appropriate level of assistance. Ehlers is familiar with industry standards and typical construction costs for differing real estate products. This knowledge helps take the mystery out of analyzing true need. Our financial advisors regularly conduct pro forma analysis for municipalities seeking development to help them determine the appropriate level of need and developer assistance. Ehlers has extensive experience in developer negotiations and have negotiated development agreements with an aggregate value of over $1 billion for clients on public - private development projects that include a wide range of commercial, residential and mixed used developments. Just as critical as experience in this area, is the need for a financial advisor that is independent. Ehlers works only for public sector clients and will not work for developers, ensuring that you can avoid even a perception of any conflict of interest. Developer Selection Redevelopment and economic development is successful only when there is a good partnership between the private and public sector. Ehlers can help you select an appropriate partner who will help you meet your development goals. Project Management Services Local governments often find that they are short- staffed for major or specialized projects such as large -scale redevelopment or economic development projects such as a new business park. Ehlers can step into the role of a staff person for a local government, write reports to council, and coordinate developers' applications and review of various types of projects. Ehlers provides the most extensive set of Redevelopment and Development Management Services available to municipalities embarking on redevelopment projects. We have assisted communities in the various stages of the redevelopment/economic development process on projects ranging from $500,000 to $170 million with an aggregate value of $1.7 billion. These services have included working with community -based task forces, development and coordination of RFP's, developer selection, grant writing and project management from project inception through implementation. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 11 July 2, 2012 Appendices Financial Planning 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. 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. Capital Budget Programming Our experience has shown that rating agencies are interested in capital improvement plans (CIPs) as they are with multi -year budgets, debt policies, and management policies. It is our recommendation to annually have staff and the Council or Board review the CIP and continue the local government's long- standing practice of long -term financial planning. 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. Financial Management Planning Budgeting should not be an annual event. A Financial Management Plan is a comprehensive fiscal plan that budgets for 10 years at a time through integrating your capital improvement plan, future operating needs, and revenue base changes to determine your future potential to support project costs. The process reviews all of the governmental revenues and expenditures in a manner that allows elected officials to determine their options. It incorporates elements from all of your stand -alone documents — the annual budget, the audit report, and the capital improvement plan — and shows how changing employment, capital purchases, and bonding affect the tax levy on your residents and property owners. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 12 July 2, 2012 Appendices A Financial Management Plan will review all financial practices to assure that the governmental entity has appropriate control mechanisms in place. This includes budgeting and capital improvement planning so that elected officials understand the policies that guide staff in preparing the information presented to them, as well as understand the decisions they make will affect budgets for years into the future. Each of the major municipal rating agencies view updated financial policies and multi -year financial plans as important factors in evaluating credit quality. Ehlers has helped dozens of communities complete and update long range financial plans Fiscal Impact Analysis Ehlers has assisted many local governments with fiscal impact analysis. Whether the client needs to decide between different types of potential economic development, to evaluate the fiscal feasibility of proposed utility infrastructure projects, or to analyze a potential merger of local governments, our research can assist your board or council make sense of the revenues and expenditures associated with change. Strategic Communications How government works internally as well as how it communicates publicly are critical success factors in today's world. Ehlers has tools and techniques to help clients evaluate and improve their management abilities, strengthen their ongoing communications with the public and, when needed, gain public participation and support for community initiatives. Management Study and Analysis Ehlers can assist with an internal evaluation of staffing needs including options for privatization, consolidation or separation of department and technology options for local governments. 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. Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 13 July 2, 2012 Appendices 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 during 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 Village of Lemont, Illinois Ehlers Page 14 July 2, 2012 Appendix B: Ehlers Resumes EHLERS LEADERS IN PUBLIC FINANCE Nancy Hill, AICP Financial Advisor Nancy has been a Financial Advisor in the Ehlers' Lisle office since .2(X)8 assisting Illinois municipalities, schools, parks, and libraries with the design and implementation of :f financial solutions. Prior tojoiningEhlers, Nancy had 14 years of experience working for and with municipalities as an urban planner, community development director, and as the Associate Director for the DuPage Mayors and Managers conference. Ehlers' clients benefit from Nancy's range of experience and expertise in planning, economic development, project management, budgeting, and intergovernmental relations. Appendices Nancy Hill Direct; (630) 271 -3343 nhiii ehiers- inc:com AREAS OF EXPERTISE Tax Increment and Business Districts • TIF and Business District Development, Qualification, Adoption, and Amendments • Property and Saks Tax Projections • Developer Proforma Analysis/But For Test • Developer and Taxing District Negotiations • TIE District. Administration and Annual Reporting Development and Redevelopment • Development Strategic Planning • Developer Attraction and Selection • Development Incentives Analysis • Fiscal Impact Studies • Financial Feasibility Analysis • Project Management Services Public Participation • Public Participation Process • Referendum Strategies • Community Information Meetings • Strategic Communications Strategic and Financial Planning • Goal Setting and Strategic Planning • Financial Management Planning • Capital Improvements Planning • Impact Fee Analysis • Utility Rate Studies Debt Planning and Issuance • Analysis & Presentation of Alternative Financing Options, Funding Sources, Plans and Tools • General Obligation and Revenue Debt • Refundings /Cash Defeasances • Representation to Bond Market and Credit Reporting Agencies • Post Issuance Compliance Other • Intergovcrnnnental and Public/Private Studies, Negotiations, Projects /Operations PROFESSIONAL MEMBERSHIPS AND CERTIFICATIONS EDUCATION • American Institute of Certified Planners (AICP) • American Planning Association • Illinois American Planning Association • Illinois City /County Management Association • Illinois Development Council • Illinois Tar Increment Association • Bachelors of Urban Planning and Design, Ball State University, Muncie, IN • Masters of Public Administration, University of Louisville, Louisville. LT Designing Customized Financial Solutions for Outstanding Communities Ehlers • 550 Martinville Road, Ste 220 • l.iale, I1 60532 • Phone: (630) 271-3330 • Fax: (630) 271 -3369 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 15 July 2, 2012 EHLERS LEADERS iN PUBLIC FINANCE Maureen Barry Financial Advisor Maureen joined the Ehlers' Illinois office in 2008 as a Financial Advisor after working in municipal management far over 14 years, most recently as the Assistant Village Manager in Wilmette. Her focus is on assisting Illinois local governments in the design and implementation of financial and economic development solutions. Ehlers' clients benefit from 1 Maureen's broad perspective and hands -on experience in a wide range of local government matters, including sax increment financing, development analysis, project management, debt issuance, and other public finance related projects. Appendices Maureen Barry Direct: (630) 271 -3341 mbarrvCr'ehlers -inc. com AREAS OF EXPERTISE Tax Increment Services • Tax Increment Plans for TIF District Qualification and Amendment • Business District Plans for Qualification and Amendment • Developer Negotiations • Developer Pro forma Analysis/But For Test • TIF Feasibility Studies • TIF Revenue Bond Financing Development & Redevelopment • Development Strategic Planning • Project Management Services • Developer Attraction & Selection • Development Incentives Analysis • Fiscal Impact Analysis Public Participation • Referendum Strategies • Public Participation Process • Community Surveys/Communications/ Newsletters/Annual Reports Debt Planning and Issuance • Analysis & Presentation of Alternative Financing Options, Plans And Tools • Representation to Bond Market & Credit Rating Agencies • Refundings • Special Service Area Financing Strategic and Financial Planning • Goal Setting & Strategic Planning • Key Financial Strategies • Financial Management Planning • Debt Management • Capital Improvements Planning • Fiscal Impact Studies • Impact Fee Analysis • Utility Rate Studies Intergovernmental and Public /Private Partnerships • Intergovernmental and Public/Private Project Studies and Negotiations PROFESSIONAL MEMBERSHIPS EDUCATION • International City /CountyManagenrentAssociation • Illinois City /County Management Association • Illinois Government Finance Officers Association • Illinois Tax Increment Association • Illinois Development Council • Lambda Alpha International (Land .Economics) • Bachelor ofArts (Political Science), University of • Master ofPublicAffairs (Public Management), School ofPublic and Environmental Affairs, Indiana University Designing Customized Financial Solutions for Outstanding Communities Ehlers • 550 Wanenville Road, Ste 220 • Lisle, IL 60532 • Phone: (630) 2713330 • Fax: (630) 271 -3369 Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 16 July 2, 2012 Appendix C: Ehlers Municipal Clients Appendices Ehlers has served the following municipalities in the last five years: Aledo Hampshire Oakwood Annawan Harvey Oswego Beach Park Havana Park Forest Beecher Hawthorn Woods Pawnee Bellwood Hickory Hills Pecatonica Big Rock Hinckley Peoria Heights Bloomington Hoffman Estates Plano Bradley Homewood Port Byron Calumet City Huntley Richmond Carbon Cliff Itasca Richton Park Carbondale Justice Rochelle Cary Kankakee Rockton Centralia Kenilworth Roscoe Channahon Lake Bluff Roselle Charleston Lake Zurich Rossville Chatsworth Lakewood Saunemin Coal Valley Lansing Schaumburg Country Club Hills Lemont Schiller Park Countryside Libertyville Shorewood Creve Coeur Lockport Silvis Crystal Lake Long Grove Skokie Danville Loves Park South Beloit Decatur Lyons Stockton Dwight Machesney Park Streator East Hazel Crest Macomb Sugar Grove East Moline Mahomet Sullivan Elgin Manhattan Thornton Elwood Marengo Tinley Park Forsythe Matteson Washington Fox Lake Mattoon Watseka Freeburg Mokena Western Springs Geneseo Montgomery Wheaton Glen Ellyn Morton Wheeling Glencoe New Lenox Willowbrook Glendale Heights Niles Wilmette Glenview North Aurora Wilmington Glenwood North Chicago Winnebago Granite City Northfield Worth Grayslake Oakbrook Terrace Yorkville Proposal for TIF District Amendment and Adoption Services Village of Lemont, Illinois Ehlers Page 17 July 2, 2012