2014-25 ADDING TERRITORY TO ENTERPRISE ZONE - CENTRAL ILLINOIS COMMERCIAL LLC

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• , , S ECONOMIC DEVELOPMENT CORPORATION E +CST U R & MACON COUNTY TO: Mayor Mike McElroy Members of the Decatur City Council Manager Ryan McCrady From: Larry Altenbaumer Decatur Macon County Enterprise Zone Administrator Date: June 11, 2014 Re: Proposed Enterprise Zone Boundary Amendment Request—Central Illinois Com ercial LLC At this time the Economic Development Corporation of Decatur&Macon County(EDO),as the designated zone administrator by formal agreement with the City of Decatur, is requesting your approval of a Zone boundary amendment encompassing one (1) parcel totaling approximately 88.13 acres. PROJECT —Central Illinois Commercial LLC Central Illinois Commercial, LLC has exercised an option to purchase 88.13 acres at the northeast corner of Mound Road and Route 48 North for the purpose of developing multiple projects related to light manufacturing and distribution. One specific project has advanced to a near-term decision point with an immediate time sensitivity. For this project to proceed in Decatur,we must address certain competitive disadvantages. Union Iron Works is Decatur's oldest manufacturing operation and is a subsidiary ofCanada-based Ag Growth International. Union Iron Works is considering a facility consolidation and expansion plan with specific attention on this site in Decatur as well as alternate options outside of Illinois. The company is also evaluating other available incentives in Illinois as well as in competing states. Details are still being finalized, but the plan contemplates the proposed construction of a new 135,000 square foot facility that would be constructed on the eastern 20 acres of the 88.13 acre site. The facility would represent a projected capital investment of more than$12 million and would represent the creation of 25 new full-time jobs over the next twenty-four months as well as the retention of 120 existing full-time jobs and another 50-75 seasonal employees. Information regarding available state incentives is expected to be finalized very soon allowing a location decision to be made,with the plan to begin construction as soon thereafter as possible. In order to provide a competitive option in Decatur and to accommodate the Company's timelin a,we are requesting that the Decatur Macon County Enterprise Zone boundary be amended tc include property parcel 18-08-30-376-003. We believe including this property in the Enterprise Zone will be a key factor in the Company's decision. Current statutory zone authority allows for a total of 12 square miles to be included in the Zone. With this proposed amendment,the total property in the Zone would be 11.637 square miles, leaving 232.32 acres available for future consideration.