Laserfiche WebLink
• Leasing of 157 parking spaces in the Civic Center parking lot at no charge as soon as ADM <br /> has located over 600 employees Downtown between the Global Training Center and the <br /> Building at 350 N. Water St. <br /> • ADM's option to require the City to construct a walkway, above or below Franklin Street at <br /> or near its intersection with William Street as soon as ADM has located 600 employees <br /> Downtown between the Global Training Center and the Building at 350 N. Water St. <br /> • Agreement that the east half of the green space across from the Building at 350 N. Water St. <br /> will remain as green space. <br /> • Agreement to vacate the 300 Block of State Street after ADM purchases 350 N. Water St. <br /> and is requested by ADM. <br /> All of the parking spaces when leased to ADM will be their exclusive use from 6:00 a.m. to 5:00 <br /> p.m. from Monday through Friday. All of the spaces will be open to the public beyond those hours. <br /> The proposed project represents several years of investment and careful planning by the City to <br /> craft a redevelopment project that will set the standard for redevelopment of the downtown. The <br /> proposed project meets the economic, aesthetic and employment goals established for the Olde <br /> Towne TIF Redevelopment Area. The addition of hundreds of employees from ADM into <br /> Downtown will stimulate additional demand for retail, restaurants and services. In addition, the <br /> project will have a significant impact on the ability to develop other areas of downtown Decatur. <br /> POTENTIAL OBJECTION: None. <br /> INPUT FROM OTHER SOURCES: The amendment and new Agreement has been reviewed by <br /> the City Corporation Counsel. <br /> STAFF REFERENCE: Any additional questions may be forwarded to Greg Crowe at 424-2727 <br /> or at gcrowe@decaturil.gov. <br /> BUDGET/TIME IMPLICATIONS: None <br />