R2019-126 Resolution Authorizing Agreement City of Decatur, Illinois Mueller Co. LLC

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AGREEMENT THIS AGREEMENT is made by and between the CITY OF DECATUR, ILLINOIS, an Illinois municipal corporation ("City")and MUELLER CO. LLC ("Mueller"). The City and Mueller are hereinafter collectively referred to as the "Parties." WITNESSETH: WHEREAS, Mueller currently owns and operates manufacturing facilities including facilities located in the City of Decatur, Illinois which employ many persons; and WHEREAS, Mueller has obtained property identified as Parcel #1 on Exhibit A, (attached hereto and incorporated herein by reference) for the development and construction of a manufacturing facility ("Facility") to be constructed, owned and used by Mueller for their manufacturing purposes; and WHEREAS, the development and construction of the Facility is expected to create and/or retain job opportunities with Mueller within the City of Decatur, Illinois; and WHEREAS, Mueller requires the acquisition of an adjoining and adjacent parcel of land owned by the Norfolk-Southern Railroad identified as Parcel #2 on Exhibit A to provide for the development and construction of the above described facility; and WHEREAS, Parcel #1 and Parcel #2 as set forth in Exhibit A are vacant and undeveloped land and have been for many years; and WHEREAS, acyuisition of Parcel #2 as set forth in Exhibit A is necessary for the development and construction of the Facility and without this Agreement, the Project would likely not occur; and WHEREAS, the City wishes to assist in the acquisition of the Parcels for the development of the Facility; and WHEREAS, the acquisition of Parcel #1 and Parcel #2 as set forth in Exhibit A and construction of the Facility will strengthen the commercial concerns of the City and enhance the tax base of the municipality; and WHEREAS,the acquisition of the Parcels and construction of the Facility are in the best interest of the City.