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TRANSCRIPT
BolingbrookState of the Village
January 17th, 2019
Roger C. Claar, Mayor
•Business Licenses up 667%•Annual Retail Sales up 880%•35.5 Million Square Feet of Industrial Built•42,995 Jobs Created •11,209 New Homes Permitted and Built
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In Square Miles
GROWTH IN SQUARE MILES GROWTH IN ACRES
GROWTH IN POPULATION
Build Out: 27.32018: 26.18
In Acres
Build Out: 17,4772018: 16,756
Build Out: 88,403
2018: 76,437
2018 Build Out
Build Out
Build Out
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G&W New Building
MAINFREIGHT
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JOB CREATION
BUSINESS LICENSES INDUSTRIAL BASE
42,992 JOBS
Build Out: 40,166,163
2018: 35,533,4471,289 LICENSES
In Millions of Square Feet
Build Out
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Nueco
NEUCO
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Bolingbrook
Romeoville
Woodridge
Lemont
Elwood
35,533,447
34,222,893
12,614,490
4,427,458
8,500,000
TOTAL INDUSTRIAL INVENTORY
In Square Feet
(Center Point)
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Weathertech (280 w. frontage
The Campus (Weathertech) S&S Automotive
WEATHERTECH “THE CAMPUS” S&S AUTOMOTIVE
FIORE NURSERY LANDSCAPE SUPPLY
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NEW HOUSING STARTS
RESIDENTIAL UNITS
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Liberty Green
New House
LIBERTY GREEN
BLUEBELL RIDGE
AMERICANA ESTATES
73%
16%11%
SF Detached 17,555
SF Attached 3,974
Apartments 2,654
65%
22%
13%
SF Detached 8,017
SF Attached 2,650
Apartments 1,601
1986 – 35% o f a l l h o us ing sto ck ap artments o r attac hed h o us ing .2018 – 27% of a l l h ous ing stock ap artments or attac hed h ous ing .
12,268 Total Units in 1986 24,183 Total Units in 2018
HOUSING STOCK COMPARISON
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0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%
* Bolingbrook
* North Suburbs
* West Suburbs
* Kane County
* South Suburbs
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PERCENTAGE OF RETAIL VACANCIESTotal Bolingbrook Retail Inventory: 6,578,832 sq ft
6.8% - 450,143 sq ft
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* Source: CBRE.US Q3, 2018
Andy’s (Rendering)
Aspen (Meijer West) 108 Lee Lane (Rendering)
ANDY’S FROZEN CUSTARD
BEGGARS PIZZA108 Lee LLC
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RETAIL BASEBuild Out: 7,568,779 sq ft
In Square Feet
Build Out
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Total Retail: 6,578,832 sq ft
Aldi (new location)
Planet Fitness
Panera/Sleep Number
PLANET FITNESS
ALDI PANERA BREAD/SLEEP NUMBER
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RETAIL SALES
SALES TAX REVENUE
$1,564,000,000
Total amount of Retailers’ Gross Taxable Sales
In Millions of Dollars
$32,920,000
In Millions of Dollars
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ATI (1296 w. Boughton
Prince Arcade
ATI PHYSICAL THERAPY
PRINCE ARCADES
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FY 1986-87 Operating Budget FY 2018-19 Operating Budget
EQUALIZED ASSESSED VALUATION
REVENUE SOURCE COMPARISON
TOTAL VILLAGE LEVY
1.) Taxes 2.)PERMITS/FEES 3.)LICENSES/FINES/TAP-ONS
In Millions of DollarsEAV is Calculated @ 1/3 Market Value
Market Value of Community: $589,000,000 (1986) / $6,277,594,419 (2017)
$2,092,531,473EAV
In Millions of Dollars
$20,838,719
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Atria (Finished Product)
ATRIA AT RIVER TRAIL
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Per $100.00 EAV
PROPERTY TAX RATE
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27.6%
12.6%
15.7%
7.0%
2.89%
1.1%15.0%
3.5%
1.3%
1.2%
Police (27.62%)
Pensions (12.57%)
Fire (15.69%)
Capital Improvements(6.95%)Public Works (15.06%)
Reserves (1.08%)
Executive (15.00%)
Finance & Administration(3.51%)Community Development(1.34%)Information Technology(1.18%)
8.78%5.78%
5.25%
69.09%
2.86%
5.71%1.81%
0.72%
Village of Bolingbrook(8.78%)
Bolingbrook Park District(5.78%)
Fountaindale Public Library(5.25%)
Valley View School District#365-U (69.09%)
Joliet Junior College #525(2.86%)
Will County (5.71%)
Will County Forest Preserve(1.81%)
Dupage Township (.72%)
EXPENDITURE BY DEPARTMENT WHERE DO YOUR PROPERTY TAXES GO?
Percentages are Representative of Will County Tax Code 1214
In 1986, Bolingbrook represented 22% of the tax bill. Today, that number has fallen to 8.78%.
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Bolingbrook:
A 6.28 Billion Dollar Community, up from540 million in 1986!
Village of Bolingbrook
2018 Fact Sheet
Est. Population: 76,437
Est. Racial Makeup (per 2010 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: 24,183Single Family Detached: 17,555Single Family Attached: 3,974Apartments and Sr. Housing: 2,654
Market Value of Village: $6.28 Billion
Equalized Assessed Value: $2.093 Billion
Total 2018 Levy: $20.83 Million
Data Current as of December 2018
Total Acres: 16,756
Square Miles: 26.18
Miles of Street:Centerline Miles: 305Lane Miles 781
Storm Sewers: 472 Miles
Sanitary Sewers: 282 Miles
Sidewalks: 583 Miles
Streetlights: 5508
Traffic Signals: 61
Retention/Detention Ponds: 215Street Signs: 18,456
Wastewater Reclamation: 9.24 mgdRoyce Road Facility: 2.04 mgdBoughton Road Facility: 3.00 mgdIndian Boundary Facility: 4.20 mgd
mgd = millions of gallons per day
Roger C. Claar, MayorState of the Village ~ January 17th, 2019
Village Clerk
Carol S. Penning
Trustees
Michael T. LawlerRicardo MoralesMaria A. Zarate
Deresa A. HooglandRobert JaskiewiczSheldon L. Watts
Statistical Information Provided By:James S. Boan, Attorney - Robbins SchwartzLucas Rickelman, Director of Public Services and Development
Ken Teppel, Director of Public SafetyRosa Cojulun, Director of Finance
All data has been compiled by the Village of Bolingbrook unless otherwise noted.
BCT, Event ProductionBCT Channel 6 Volunteers, VideoJames Farrell, Presentation & HandoutsMatt Eastman, Planning & Zoning AdministratorLuis 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: [email protected]
375 West Briarcliff Road, Bolingbrook, Illinois 60440