Bolingbrook State of the Village January 18 th, 2018 Roger C. Claar, Mayor Business Licenses up 667% Annual Retail Sales up 819% 35.2 Million Square Feet of Industrial Built 41,057 Jobs Created 11,183 New Homes Permitted and Built
1986 2001 2003 2005 30.0 25.0 GROWTH IN SQUARE MILES Build Out: 27.3 : 26.18 18,000 16,000 14,000 GROWTH IN ACRES Build Out: 17,477 : 16,756 20.0 12,000 10,000 15.0 8,000 10.0 6,000 4,000 5.0 2,000 0.0 1986 Build Out In Square Miles 0 Build Out In Acres Prologis 100,000 GROWTH IN POPULATION Build Out: 88,403 : 76,272 80,000 60,000 40,000 20,000 0 Build Out 2
1986 1986 1999 1986 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 JOB CREATION 41,057 JOBS WeatherTech 1,600 1,400 1,200 1,000 800 600 400 200 0 BUSINESS LICENSES 1,289 LICENSES 40 35 30 25 20 15 10 5 0 INDUSTRIAL BASE Build Out: 40,166,163 : 35,238,761 Build Out In Millions of Square Feet 3
TOTAL INDUSTRIAL INVENTORY (Center Point) 8,500,000 Elwood Turano Lemont 4,427,458 Woodridge 12,165,314 Romeoville 31,891,153 Bolingbrook 35,238,761 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 40,000,000 In Square Feet Northern Builders West Liberty 4
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 1986 0 100 200 300 400 500 600 700 800 900 1986 NEW HOUSING STARTS RESIDENTIAL UNITS 17 5 Bluebell Ridge Americana Estates
HOUSING STOCK COMPARISON 22% 13% 65% 16% 11% 73% SF Detached 8,017 SF Attached 2,650 Apartments 1,601 SF Detached 17,553 SF Attached 3,950 Apartments 2,654 12,268 Total Units in 1986 24,157 Total Units in 1986 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: 6,880,560 sq ft * South Suburbs 13.6 * Kane County 11.1 * West Suburbs 7.4 * North Suburbs 7.9 * Bolingbrook 7.12% - 467,088 sq ft 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% * Source: CBRE.US Q3, Chipotle/Mod Pizza 7
8,000,000 7,000,000 6,000,000 RETAIL BASE Build Out: 7,568,779 sq ft Total Retail: 6,880,560 sq ft Panera Bread 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 Build Out In Square Feet BioLife Verizon 8
1986 1986 $1,200 $1,000 RETAIL SALES $1,467,000,000 Total amount of Retailers Gross Taxable Sales Mathnasium $800 $600 $400 $200 $0 $35 $30 $25 SALES TAX REVENUE $30,575,000 In Millions of Dollars The Learning Experience $20 $15 $10 $5 $0 In Millions of Dollars 9
1986 1986 REVENUE SOURCE COMPARISON Atria at River Trail 40% 39% FY 1986-87 Operating Budget 40% FY -18 Operating Budget 35% 30% 25% 20% 15% 10% 5% 0% 12% 17% 15% 12% 12% 11% 9% 6% 5% 3% 3% 3% 3% 2% 0% 0% 1% 2% 3% 0% 1% 1% EQUALIZED ASSESSED VALUATION Market Value of Community: $589,000,000 (1986) / $5,930,889,162 () $3,000 $2,500 $1,976,963,054EAV $25.00 $20.00 1.) GRANTS 2.)PERMITS/FEES 3.)LICENSES/FINES/TAP-ONS TOTAL VILLAGE LEVY $19,258,714 $2,000 $15.00 $1,500 $1,000 $500 $10.00 $5.00 $0 $0.00 EAV is Calculated @ 1/3 Market Value In Millions of Dollars In Millions of Dollars 10
PROPERTY TAX RATE $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 1986 Per $100.00 EAV 11
1986 Bolingbrook: A 5.93 Billion Dollar Community, up from 540 million in 1986! $800 $600 $400 $200 $0 COST FOR VILLAGE SERVICES $591.93 Per Average Household 26.0% 1.0% 1.3% EXPENDITURE BY DEPARTMENT 3.1% 12.9% 16.7% 2.9% 16.5% 0.9% 2.89% Police (26.01%) Pensions (12.86%) Fire (16.48%) Capital Improvements (.88%) Public Works (18.78%) Reserves (2.89%) Executive (16.67%) Finance & Administration (3.09%) Community Development (1.33%) Information Technology (1.01%) WHERE DO YOUR PROPERTY TAXES GO? 5.21% 5.81% In 1986, Bolingbrook represented 22% of the tax bill. Today, that number has fallen to 8.86%. 68.21% 9.61% 5.72% 1.81% 0.74% 2.89% Percentages are Representative of Will County Tax Code 1214 Village of Bolingbrook (9.61%) Bolingbrook Park District (5.81%) Fountaindale Public Library (5.21%) Valley View School District #365-U (68.21%) Joliet Junior College #525 (2.89%) Will County (5.72%) Will County Forest Preserve (1.81%) Dupage Township (.74%) 12
Village of Bolingbrook Fact Sheet Est. Population: 76,272 Total Acres: 16,756 Est. Racial Makeup (per U.S. Census): White: 54.3% African-American: 20.4% Hispanic/Latino 24.5% Asian: 11.4% Indian/Pakistanis: 3.8% Filipino: 3.9% Mixed/Other: 1.8% Chinese: 1.1% Korean: 0.4% Vietnamese: 0.4% Japanese: 0.1% Residential Units: 24,157 Single Family Detached: 17,553 Single Family Attached: 3,950 Apartments and Sr. Housing: 2,654 Market Value of Village: Equalized Assessed Value: Total Levy: $5.93 Billion $1.977 Billion $19.26 Million Data Current as of December Square Miles: 26.18 Miles of Street: Centerline Miles: 305 Lane Miles 781 Storm Sewers: Sanitary Sewers: Sidewalks: 472 Miles 282 Miles 583 Miles Streetlights: 5505 Traffic Signals: 61 Retention/Detention Ponds: 209 Street Signs: 18,300 Wastewater Reclamation: Royce Road Facility: Boughton Road Facility: Indian Boundary Facility: 9.24 mgd 2.04 mgd 3.00 mgd 4.20 mgd mgd = millions of gallons per day
Roger C. Claar, Mayor State of the Village ~ January 18 th, 2018 Village Clerk Carol S. Penning Trustees Michael T. Lawler Ricardo Morales Maria A. Zarate Deresa A. Hoogland Robert Jaskiewicz Sheldon L. Watts Statistical Information Provided By: James S. Boan, Village Attorney Lucas Rickelman, Director of Public Services and Development Ken Teppel, 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: (630) 226-8412 Fax: (630) 226-8409 Email: BBMayor@aol.com 375 West Briarcliff Road, Bolingbrook, Illinois 60440