R2022-160 Resolution Authorizing Redevelopment Agreement with CCI Properties LLC

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ARTICLE I: DEFINITIONS "Applicable Law" means all laws, statutes, acts, ordinances, rules, regulations,permits, licenses, authorizations, directives, orders and requirements of all Governmental Authorities, that now or hereafter during the term of this Agreement may be applicable to the City, the Developer, and/or the Project, and the construction, maintenance, use and operation thereof, including those relating to employees, zoning, building, health, safety, hazardous materials, and accessibility of public facilities. "Exterior Fagade" means the architectural character, general composition and general arrangements of the exterior of the Project, including the kind, color and texture of the building material and the type and character of all windows, doors, light fixtures, signs and appurtenant elements, visible from public streets and thoroughfares. "Preliminary Plans" means plans and drawings, including a Preliminary Site Plan for the Project which are preliminary to the Construction Plans, which plans and drawings include but are not limited to the limits of the work to be done, the location of buildings and all auxiliary structures, ingress and egress, loading areas, parking, if any, proposed signage, landscaping and one or more elevations showing the Exterior Architectural Appearance of the Project or any phase thereof. "Project"means the design,construction,improvements,and opening of a permanent Ready-Mix Concrete manufacturing facility to the property located on the land generally located around 705 E McKinley Avenue in Decatur to be constructed and opened by the Developer as more fully on described on Exhibits 1 attached hereto and made a part hereof. "Public Investment" means the incentives provided by the City for infrastructure improvements and property tax reimbursements for the Project as set forth in Section 2.18 and Article IV of this Agreement. "Development Area" means the area as set forth in Exhibit 1. "Substantial Completion or Substantially Complete" means the Project ability to produce a minimum 50K yards of concrete annually and construction completed on all buildings. ARTICLE II: DEVELOPMENT OF THE PROJECT 2.1 Development of the Project. P J The Developer will utilize its best efforts to develop the Project in a manner that is compatible with this Agreement and Applicable Law. 2.2 Progress Reports. During the development process,the Developer shall share with the City regular progress updates of the Project relevant to the development and construction of the Project 2.3 Preliminary Plans. The Preliminary Plans for the Project will be provided by the Developer to the City for approval following the execution of this Agreement. Preliminary drawings shall be provided to the City prior to execution of this Agreement.