2012-34 ADDING TERRITORY TO ENTERPRISE ZONE ARCHER DANIELS MIDLAND

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ECONOMIC DEVELOPMENT CORPORATION ECATUR & MACON COUNTY TO: Mayor Mike McElroy Members of the Decatur City Council Manager Ryan McCrady From: Craig Coil Decatur Macon County Enterprise Zone Administrator Date: May 14,2012 Re: Proposed Enterprise Zone Boundary Amendment Request—ADM Intermodal Rail Project At this time the Economic Development Corporation of Decatur&Macon County(EDC),as the designated zone administrator,is requesting your approval of one boundary amendment encompassing thirteen(13)parcels totaling 13.55 acres. The parcels are identified in summary on Exhibits B and Exhibit C(attached). The parcels are represented by the following Property Identification Numbers(PIN): 04-13-06-451-005 04-13-06-478-001 04-13-06-476-001 04-13-06-478-002 04-13-06-476-002 04-13-06-478-003 04-13-06-476-003 04-13-06-478-004 04-13-06-477-002 04-13-06-479-001 04-13-06-477-003 04-13-06-479-008 04-13-06-477-004 Legal descriptions of each parcel are outlined in Exhibit"A"of the proposed ordinance. The property will be developed by ADM for an intermodal ramp facility designed to hold between 900-1,000 forty foot freight containers. Additionally,5,000 to 6,000 feet of rail infrastructure will be constructed with the capability to receive containers directly from rail service providers. The property will also house a new conveyor system linking ADM facilities to the rail yard. Total capital investment is approximately$4.9 million and 3-4 new full time jobs will be created. This project is the next phase of the over-all rail freight system modernization program at ADM and will ultimately benefit a number of regional shippers as well. Subject to approval of this request by all parties, construction is expected to begin in August and be completed by the end of the year. The project,after inclusion in the zone,is not eligible for property tax abatement. The boundary amendment is being requested to allow ADM to take advantage of various state tax exemptions and credits available only in the Enterprise Zone. Your requested approval is part of a multi—step process which includes approval of the Enterprise Zone Advisory Board,the full Macon County Board as well as the Illinois Department of Commerce and Economic Opportunity and the Illinois Department of Agriculture. A public hearing on the issue has already been completed and no objections were heard. The Advisory Board and the Macon County Board have already approved the request. Thank you for your consideration of our request. JCC/hs Attachments