My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2019-25 Resolution Authorizing Real Estate Contract For Property Located in the 2000 Block of South Imboden Court
COD
>
City Clerk
>
RESOLUTIONS
>
2019
>
R2019-25 Resolution Authorizing Real Estate Contract For Property Located in the 2000 Block of South Imboden Court
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/13/2020 11:12:41 AM
Creation date
2/6/2019 9:29:42 AM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2019-25
Res Ord Title
R2019-25 Resolution Authorizing Real Estate Contract For Property Located in the 2000 Block of South Imboden Court
Department
Econ and Com Dev
Approved Date
2/4/2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
City Manager <br /> DATE: <br /> MEMO: <br /> TO: Mayor Julie Moore Wolfe and Decatur City Council Members <br /> FROM: Billy Tyus,Interim City Manager <br /> Wendy Morthland,Corporarion Counsel <br /> SUBJECT: Sale of land in the 2100 Block of Imboden Court to Decatur Ras LLC/Mull LLC. <br /> SUMMARY RECOMMENDATION: Staff recornmends approval of the attached resolution in support of the sale of land to <br /> Decatur Ras LLC/Mull LLC. The sale would support the continued economic development of both this company and the <br /> plarnied e�ansion of Mueller Company facilities on West.Eldorado St. <br /> BACKGROUND: <br /> As you know the Decatur City Council approved a resolution in November 2018 to provide a State of Illinois Grant to Mueller <br /> Company in support of the company's expansion plans. The developer plans to invest at least$5 million in its Eldorado St. <br /> facility in Decatur over the next two years and because of this it will retain at least 400 jobs in our coiYmnmity and increase local <br /> payroll over the current level. In order to support the plarnied project,the company needs to relocate and e�and available <br /> parking. <br /> Decatur Ras LLC/Mull LLC currently own the asphalt shingle recycling facility on West Eldorado Street just west of Mueller. <br /> The company has been in discussions with Mueller and the Economic Development Corporation to take ownership of that site to <br /> be used for parking. The city currently owns two parcels of properiy on the south end of town that house the Business incubator <br /> of Decatur. Over the years the site has been subject to envirornnental issues that have since been remediated but the state has <br /> issued a No Further Remediation letter with certain requiretnents that have to be maintained on site. The City has reached an <br /> ageement in principle that,if approved,would transfer the city owns property to Decatur RAS/Mull LLC for$650. <br /> If this agreement is approved it would allow the industrial operations to be moved from Eldorado Street,allow Mueller and <br /> RAS/MULL LLC's to grow and expand operations. <br /> This has been an ongoing project facilitated in strong partnership between the city and Mayor Julie Moore Wolfe,the Greater <br /> Decatur Chamber of Commerce,The Economic Development Corp. of Decatur and Macon Co.and Senators Andy Manar and <br /> Chapin Rose. <br /> PRIOR COUNCIL ACTION: Council previously approved a development agreement providing state incentives for the <br /> Mueller Co.project that were designated for the e�ansion of parking. <br /> POTENTIAL OBJECTIONS: None <br /> INPUT FROM OTHER SOURCES: Mueller Co.,The Economic Development Corporation of Decatur and Macon Co. <br /> STAFF REFERENCE: Billy Tyus at 217-424-2801 or btyus@decaturil.gov or Wendy Morthland at <br /> wmorthland@decaturil.gov or 217�24-2708 <br /> BUDGET/TIME IMPLICATIONS: None <br /> ATTACHMENTS: <br /> Description Type <br /> resolution Cover Memo <br />
The URL can be used to link to this page
Your browser does not support the video tag.