Roger C. Claar, Mayor

Transcription

1 Bolingbrook State of the Village January 12 th, 217 Roger C. Claar, Mayor Business Licenses up 64% Annual Retail Sales up 887% 34.4 Million Square Feet of Industrial Built 36,897 Jobs Created 11,166 New Homes Permitted and Built

2 GROWTH IN SQUARE MILES Build Out: 27.3 : , 16, 14, GROWTH IN ACRES Build Out: 17,477 : 16, , 1, 15. 8, 1. 6, 4, 5. 2,. 199 Build Out In Square Miles Build Out In Acres Fountain Square 1, GROWTH IN POPULATION Build Out: 88,43 : 75,951 8, 6, 4, 2, Build Out 2

3 , 35, 3, 25, JOB CREATION 36,897 JOBS WeatherTech (Their 1 th Building) 2, 15, 1, 5, 1,6 1,4 1,2 1, 8 6 BUSINESS LICENSES 1,238 LICENSES INDUSTRIAL BASE Build Out: 4,166,163 : 34,426, Build Out In Millions of Square Feet 3

4 TOTAL INDUSTRIAL INVENTORY Elwood 8,5, (Center Point) Best Buy Lemont 4,427,458 Woodridge 12,147,62 * Romeoville 3,97,23 Bolingbrook 34,426,21 5,, 1,, 15,, 2,, 25,, 3,, 35,, * In Square Feet ATI Acquisition Computershare 4

5 NEW HOUSING STARTS The Brook on Janes RESIDENTIAL UNITS 18, 16, Bella Vista 14, 12, 1, 8, 6, 4, 2, 5

6 HOUSING STOCK COMPARISON 22% 13% 65% 17% 1% 73% SF Detached 8,17 SF Attached 2,65 Apartments 1,61 SF Detached 17,55 SF Attached 3,936 Apartments 2,526 12,268 Total Units in 24,12 Total Units in 35% of all h o using stock apartments o r attached h o using. 27% of all h o using stock apartments o r attached h o using. 6

7 PERCENTAGE OF RETAIL VACANCIES Total Bolingbrook Retail Inventory: 6,81,465 sq ft * South Suburbs 17.9 * Kane County 1.6 * West Suburbs 7.1 * North Suburbs 7.5 * Bolingbrook 7.6% - 461,163 sq ft.% 2.% 4.% 6.% 8.% 1.% 12.% 14.% 16.% 18.% * Source: CBRE.US Q3, Coming Soon Old Sports Authority Old Staples 7

8 8,, 7,, RETAIL BASE Build Out: 7,568,779 sq ft Total Retail: 6,81,465 sq ft 6,, 5,, 4,, 3,, 2,, 1,, Build Out In Square Feet 8

9 $1,2 $1, RETAIL SALES $1,453,, Total amount of Retailers Gross Taxable Sales $8 $6 $4 $2 $ $35 $3 SALES TAX REVENUE $3,751, In Millions of Dollars Jet Brite $25 $2 $15 $1 $5 $ In Millions of Dollars 9

10 Residence Inn Open Spring 217 REVENUE SOURCE COMPARISON FY -87 Operating Budget FY -17 Operating Budget 45% 4% 39% 4% 35% 3% 25% 2% 15% 1% 5% % 11% 17% 12% 13% 9% 7% 3% 3% 3% % 5% 3% 3% 2% 3% % 1% % 15% 1% EQUALIZED ASSESSED VALUATION Market Value of Community: $589,, () / $5,585,936,367 () $3, $2,5 $1,861,978,789EAV $25. $2. 1.) GRANTS 2.)PERMITS/FEES 3.)LICENSES/FINES/TAP-ONS TOTAL VILLAGE LEVY $2,49,353 $2, $15. $1,5 $1, $5 $1. $5. $ $. EAV is 1/3 Market Value In Millions of Dollars In Millions of Dollars 1

11 PROPERTY TAX RATE $2.5 $2. $1.5 $1. $.5 $. 199 Per $1. EAV 11

12 Bolingbrook: A 5.59 Billion Dollar Community, up from 54 million in! $8 $6 $4 $2 $ COST FOR VILLAGE SERVICES $ % 1.1% 1.3% 3.3% EXPENDITURE BY CATEGORY 11.7% 11.9% 4.2% 17.2%.7% 3.9% Police (26.19%) Pensions (11.91%) Fire (17.17%) Capital Improvements (3.9%) Public Works (19.25%) Reserves (4.2%) Executive (11.7%) Finance & Administration (3.31%) Community Development (1.26%) Information Technology (1.6%) WHERE DO YOUR PROPERTY TAXES GO? 5.26% 5.9% In, Bolingbrook represented 22% of the tax bill. Today, that number has fallen to 9.88% % 9.88% 5.73% 1.75%.74% 2.76% Percentages are Representative of Will County Tax Code 1214 Per Average Household Village of Bolingbrook (9.88%) Bolingbrook Park District (5.9%) Fountaindale Public Library (5.26%) Valley View School District #365-U (67.97%) Joliet Junior College #525 (2.76%) Will County (5.8%) Will County Forest Preserve (1.75%) Dupage Township (.74%) 12

13 Village of Bolingbrook Fact Sheet Est. Population: 75,951 Total Acres: 16,756 Est. Racial Makeup (per U.S. Census): White: 54.3% African-American: 2.4% Hispanic/Latino 24.5% Asian: 11.4% Indian/Pakistanis: 3.8% Filipino: 3.9% Mixed/Other: 1.8% Chinese: 1.1% Korean:.4% Vietnamese:.4% Japanese:.1% Residential Units: 24,4 Single Family Detached: 17,549 Single Family Attached: 3,929 Apartments and Sr. Housing: 2,526 Market Value of Village: Equalized Assessed Value: Total Levy: $5.59 Billion $1.862 Billion $2.41 Million Data Current as of December Square Miles: Miles of Street: Centerline Miles: 35 Lane Miles 781 Storm Sewers: Sanitary Sewers: Sidewalks: 472 Miles 279 Miles 583 Miles Streetlights: 555 Traffic Signals: 61 Retention/Detention Ponds: 29 Street Signs: 18,11 Wastewater Reclamation: Royce Road Facility: Boughton Road Facility: Indian Boundary Facility: 9.24 mgd 2.4 mgd 3. mgd 4.2 mgd mgd = millions of gallons per day

14 Roger C. Claar, Mayor State of the Village ~ January 12 th, 217 Village Clerk Carol S. Penning Trustees Leroy J. Brown Michael T. Lawler Ricardo Morales Sheldon L. Watts Patricia E. Schanks Maria A. Zarate Statistical Information Provided By: James S. Boan, Village Attorney Reggie Bobikiewicz, Mayor s Office Lucas Rickelman, Director of Public Services and Development Tom Ross, Director of Public Safety Rosa Cojulun, Director of Finance All data has been compiled by the Village of Bolingbrook unless otherwise noted. Jerome Strickland, Event Production BCT Channel 6 Volunteers, Video James Farrell, IT Director, Presentation & Handouts Matt Eastman, Planning & Zoning Administrator Luis Collazo, Village Maps For more information on today s presentation, please contact: Mayor Roger C. Claar Phone: (63) Fax: (63) BBMayor@aol.com 375 West Briarcliff Road, Bolingbrook, Illinois 644