Streaming LIVE: Aurora Finance Committee Meeting | 10-15-2026

The City of Aurora Finance Committee met on October 15, 2026. It approved two IEPA Public Water Supply Loan Program agreements for lead service-line replacement, each structured as 55% principal forgiveness and 45% low-interest financing; staff said the loan portion could be at 0% interest with repayment up to 30 years. Contract 4 is expected to cover about 450 replacements, with bids planned for November and construction starting around August or September 2027 and extending into 2028. Contract 5 is on a similar schedule. Both items passed 5–0. The committee also considered a $126,453 increase for the previously ordered Aurora Fire Department ladder truck, bringing its total purchase price to $1,828,021, due to federal emissions requirements and safety, efficiency, and EMS-storage upgrades; a motion and second were recorded, but the vote is not clear in the transcript. A proposed $401,785 change order with Geneva Construction Company would cover Church Road water-tower driveway work, Ward 4 post-bid work, and additional citywide resurfacing; a motion to approve was recorded, but the transcript does not capture its disposition.

The committee approved 5–0 a two-year labor agreement with AFSCME Local 3298 for 2025–2026, described as averaging 3.5% annual increases. An informational presentation covered amendments to the redevelopment agreement for 7 South Broadway: extending the project’s grand-opening deadline to April 2027 and adjusting incentive-funding milestones. Staff said the project is subject to prevailing wage; no Finance Committee vote was taken on this item.