Bolingbrook State of the Village January 14 th, 216 Roger C. Claar, Mayor Business Licenses up 64% Annual Retail Sales up 887% 33.3 Million Square Feet of Industrial Built 35,312 Jobs Created 11,132 New Homes Permitted and Built
21 23 25 3. 25. GROWTH IN SQUARE MILES Build Out: 27.3 : 25.64 18, 16, 14, GROWTH IN ACRES Build Out: 17,477 : 16,392 2. 12, 1, 15. 8, 1. 6, 4, 5. 2,. 199 Build Out In Square Miles Build Out In Acres GROWTH IN POPULATION 1, Build Out: 88,43 : 75,35 8, 6, 4, 2, Build Out 2
199 199 1999 199 JOB CREATION 4, 35, 3, 35,312 JOBS 25, 2, 15, 1, 5, 1,6 1,4 1,2 1, 8 6 4 2 BUSINESS LICENSES 1,228 LICENSES 4 35 3 25 2 15 1 5 INDUSTRIAL BASE Build Out: 35,734,649 : 33,31,699 Build Out In Millions of Square Feet 3
TOTAL INDUSTRIAL INVENTORY Elwood 8,5, (Center Point) Lemont 4,427,458 Woodridge 12,147,62 Romeoville 28,69,292 Bolingbrook 33,31,699 5,, 1,, 15,, 2,, 25,, 3,, 35,, In Square Feet West Liberty Foods Refrigeration Building ATI Recent Acquisition 4
2, 4, 6, 8, 1, 12, 14, 16, 18, 199 1 2 3 4 5 6 7 8 9 199 NEW HOUSING STARTS RESIDENTIAL UNITS 118 5 Tapestry Promenade Americana Estates
HOUSING STOCK COMPARISON 22% 13% 65% 17% 1% 73% SF Detached 8,17 SF Attached 2,65 Apartments 1,61 SF Detached 17,543 SF Attached 3,917 Apartments 2,518 12,268 Total Units in 23,978 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
PERCENTAGE OF RETAIL VACANCIES Total Bolingbrook Retail Inventory: 6,751,161 sq ft * South Suburbs 16.2 * Kane County 9.1 * West Suburbs 4.2 * North Suburbs 5.5 * Bolingbrook 6.21% - 4,71 sq ft.% 2.% 4.% 6.% 8.% 1.% 12.% 14.% 16.% 18.% * Source: CBRE.US Q3, 7
8,, 7,, RETAIL BASE Build Out: 7,568,779 sq ft Total Retail: 6,751,161 sq ft Food 4 Less (closed 4 years ago) 6,, 5,, 4,, 3,, 2,, 1,, Build Out In Square Feet Promenade 8
199 199 $1,2 $1, RETAIL SALES $1,43,, Total amount of Retailers Gross Taxable Sales Hilton Garden Inn $8 $6 $4 $2 $ $3 $25 SALES TAX REVENUE $29,716, In Millions of Dollars $2 $15 $1 $5 $ In Millions of Dollars 9
199 199 Residence Inn REVENUE SOURCE COMPARISON FY -87 Operating Budget FY -16 Operating Budget 5% 47% 45% 4% 39% 35% 3% 25% 2% 15% 1% 5% % 17% 9% 12% 11% 9% 3% 3% 4% 3% % 4% 3% 3% 2% 3% % 1% % 15% 1% EQUALIZED ASSESSED VALUATION Market Value of Community: $589,, () / $5,577,, () $3, $2,5 $2, $1,5 $1, $5 $1,716,,EAV $18. $16. $14. $12. $1. $8. $6. $4. $2. 1.) GRANTS 2.)PERMITS/FEES 3.)LICENSES/FINES/TAP-ONS TOTAL VILLAGE LEVY $17,744, $ $. EAV is Calculated @ 1/3 Market Value In Millions of Dollars In Millions of Dollars 1
PROPERTY TAX RATE $2.5 $2. $1.5 $1. $.5 $. 199 Per $1. EAV 11
Bolingbrook: A 5.41 Billion Dollar Community, up from 54 million in! $6 $5 $4 $3 $2 $1 $ COST FOR VILLAGE SERVICES $579 Per Average Household 31.6% 1.2% 1.4% 3.5% EXPENDITURE BY DEPARTMENT 12.6%.7% 21.5% 2.9% 2.3% Police (31.6%) Fire (21.5%) Capital Improvements (2.9%) Public Works (2.3%) Reserves (5%) Executive (12.6%) Finance & Administration (3.5%) Community Development (1.4%) Information Technology (1.2%) WHERE DO YOUR PROPERTY TAXES GO? 5.23% 6.4% In, Bolingbrook represented 22% of the tax bill. Today, that number has fallen to 8.86%. 68.77% 8.86% 5.8% 1.78%.74% 2.78% Village of Bolingbrook (8.86%) Bolingbrook Park District (6.4%) Fountaindale Public Library (5.23%) Valley View School District #365-U (68.77%) Joliet Junior College #525 (2.78%) Will County (5.8%) Will County Forest Preserve (1.78%) Dupage Township (.74%) Percentages are Representative of Will County Tax Code 1214 12
Village of Bolingbrook Fact Sheet Est. Population: 75,35 Total Acres: 16,392 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: 23,978 Single Family Detached: 17,543 Single Family Attached: 3,917 Apartments and Sr. Housing: 2,518 Market Value of Village: Equalized Assessed Value: Total Levy: $5.41 Billion $1.716 Billion $17.74 Million Data Current as of December Square Miles: 25.64 Miles of Street: Centerline Miles: 34 Lane Miles 779 Storm Sewers: Sanitary Sewers: Sidewalks: 471 Miles 277 Miles 581 Miles Streetlights: 553 Traffic Signals: 61 Retention/Detention Ponds: 199 Street Signs: 17,99 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
Roger C. Claar, Mayor State of the Village ~ January 14 th, 216 Village Clerk Carol S. Penning Trustees Leroy J. Brown Michael T. Lawler Ricardo Morales Joseph B. Morelli 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, 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) 226-8412 Fax: (63) 226-849 Email: BBMayor@aol.com 375 West Briarcliff Road, Bolingbrook, Illinois 644