R2018-142 Resolution Authorizing Agreement Between the City of Decatur and Mueller Company For Reimbursement of Development Costs From State of Illinois Grant

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EXHIBIT A AGREEMENT THIS DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DECATUR, ILLINOIS, a home rule municipal corporation, (hereinafter referred to as the "City") and MUELLER CO. LLC, a subsidiary of Mueller Water Products, Inc. with a primary operating �locati n m Dec llinois herein referred to as the "Developer") is entered into as of the day of ��, 2018. RECITALS WHEREAS, the City is a home rule unit of government, pursuant to Section 6 of Article VII of the Constitution of the State of Illinois, with all of the powers and functions pertaining to its government and affairs as set out therein and as such has the authority to promote health, safety and welfare, including to promote employment of its citizens, prevent the spread of blight and deterioration and inadequate facilities by promoting the development of and private investment in industry and business and is authorized and empowered to enter into economic incentive agreements pertaining to its government and affairs, including the economic development of the City and the expansion of its tax base thereby reducing unemployment; and WHEREAS,the Developer currently owns and operates a manufacturing facility located at 500 West Eldorado Street,Decatur, Illinois("Premises"); and also owns and operates a foundry located at 1226 East Garfield Avenue,Decatur,Illinois with approximately 600 workers at the two facilities combined; and WHEREAS,the Developer has expressed the need to expand, redevelop, and upgrade the Premises in the existing facility, and to incorporate technological advances to keep their business competitive in current and future markets. Expansion and redevelopment would also entail repair of the roof of said Premises, acquiring land to build a new parking lot within two blocks of the Premises, and other major improvements to the Premises (herein referred to as the "Development"); and WHEREAS, the Developer plans to invest $12.5 million over the next two years to improve its facilities in Decatur, Illinois, support the relocation of its employee parking lot and associated infrastructure and bring the current rooftop parking area into proper condition; and WHEREAS,the Developer has been a major factor in the growth of Decatur and a long- standing community partner since they were founded here in 1857; and WHEREAS, the State of Illinois, as part of its 2019 budget, has allocated to the City of Decatur a grant in the amount of five hundred thousand dollars ($500,000) as part of Public Act 100-0586 referenced in Article 161, Section 140 of said agreement with said grant having been requested for this expansion and retention project; and WHEREAS,the City would be agreeable to apply the grant to the Developer based on its longstanding history in our community,positive economic impact, need and desire to expand and