East St. Louis Financial Advisory Authority: Meeting Minutes, 1990–2013
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Brief Description: Minutes concern loan negotiations, debt restructuring, city budgets, financial planning, revenue and expenditure projections, audit reports, the Motor Fuel Tax Fund, downtown economic development, a wage classification study, contract approvals, trash and refuse collection, the Illinois Environmental Protection Agency, financing options for East St. Louis homebuyers, spring 1996 flooding in the city, property demolition/restoration, the city manager’s contract, Tax Increment Financing (TIF) district contracts, community youth and recreation programs, property transfers, water and sewer works, community development programs, city capital improvement plans, Community Development Block Grants, riverboat casinos, legal services, faith-based community development programs, intergovernmental agreements between the city and other local/state government agencies, a canvass of voter rolls, public meeting participation, and certification of balanced city budgets.  Also included are agendas, copies of agenda items, meeting notices, related correspondence, and press clippings.
Held at:
Illinois State Archives
M. C. Norton Building
Springfield, IL 62756
Phone: 217-782-3492
Fax: 217-524-3930
Email: isareference [at] ilsos.net
Record Series Number: 526/003
Created by: East St. Louis Financial Advisory Authority - RG 526
Volume: 14.75 Cubic Feet
Arrangement: Chronological by meeting date
Biographical Note for East St. Louis Financial Advisory Authority - RG 526 :

The governor directed a twenty-four member Task Force on Municipal Bankruptcy to study the financial problems confronting distressed cities in October of 1988. The following year the East St. Louis Advisory Board was formed to address that city’s pressing needs. Legislation providing for the creation of the East St. Louis Financial Advisory Authority took effect in August of 1990. It was composed of five directors, two of whom were residents of East St. Louis and all of whom were appointed by the Governor and approved by the Senate (P.A. 86-1211, pp. 1919-1920). The authority was charged with diagnosing economic conditions, overseeing operations and expenditures, and structuring short and long term remedies.

At the Authority meeting on June 18, 2005, the Authority certified that East St. Louis had completed ten successive years of balanced budgets and the Authority would no longer have further force or effect on the city, per the Financially Distressed City Law (65 ILCS 5/8-12-22).  After all of the city’s debt restructuring bonds were paid, the Authority was abolished and operations were suspended indefinitely on December 20, 2013.

Access Restrictions: None
Subject Index
Audits
Boats
Budgets
Children
Churches
Construction
Contracts
Demolitions
Disasters
East St. Louis
East St. Louis Financial Advisory Authority
Elections
Environmental Protection Agency
Expenditures
Finance
Floods
Gambling
Grants
Housing
Industry
Intergovernmental Cooperation
Legal Aid
Loans
Local Governments
Local Officials
Motor Fuel Fund
Motor Fuel Taxes
Municipalities
Planning
Recreation
Renovations
Revenue
Salaries
Sanitation
Sewage
Sewage Treatment
Taxes
Tax Increment Financing Districts
Transfers
Water
Water Plants
PreferredCitation: East St. Louis Financial Advisory Authority, "Meeting Minutes," Record Series 526.003, Illinois State Archives.