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� , <br /> • , r , i�� <br /> CATERPILLAR� <br /> Caterpillar Inc. � <br /> 27�Street&East Pershing Road <br /> Decatur, IL 62525 <br /> USA <br /> Sept.24,2007 <br /> Mr. Steve Garman,City Manager <br /> City of Decatur <br /> One Gary Anderson Plaza <br /> Decatur,Illinois 62523 <br /> Attention: Mr. Richard Marley,Director of <br /> Engineering and Infrastructure <br /> Re: Letter of Agreement(Caterpillar request for reimbursement) <br /> 27`�Street improvements adjacent to Caterpillar new parking lot <br /> HLC Project No. 5264 <br /> Dear Mr.Garman: <br /> In the past two years,Caterpillar Inc. (CAT)has hired a significant number of employees at it's Decatur facility. <br /> As you may know,there continues to be significant demand for the products that are manufactured at our <br /> Decatur plant. We believe that CAT's employment growth has created a significant positive economic impact <br /> on the City of Decatur. We believe this to be good news for both our firm and the geater Decatur community. <br /> As a result of business growth,we are now in need of a new 496 stall parking facility. The new parking lot will <br /> be located on CAT's property and is planned to have one access point that connects to 27`�'Street. A new traffic <br /> signal system will be installed at this access point at CAT's expense.As part of the plan review process,the <br /> City required additional through lanes and turn lanes be added to 27'i'Street. We have estimated the total cost of <br /> improvements to 27�''Street on City of Decatur right of way, including traffic signals,to be$ 178,649. While <br /> CAT recognizes the potential impacts on 27`i'Street from new traffic from the parking lot,we see the lane <br /> additions and new traffic signals as also benefiting the general public. <br /> We wish to request reimbursement from the City of Decatur for the new pavement to be constructed along 27�' <br /> Street. Based on the attached cost estimate prepared by our engineering consultant Homer L. Chastain and <br /> Associates,LLP,this work has an estimated value of$50,081. In addition,CAT requests the City provide <br /> operations and maintenance of the new traffic signal installed on 27`�'Street at the entrance to the new parking <br /> lot. <br /> CAT has recently awarded a contract to Kelly General Construction of Decatur,Inc.to build these <br /> improvements.Due to the lateness of the construction season and the need to complete the parking lot work <br /> soon,we have already authorized work to start. Our goal is to complete all construction by the end of October. <br /> In view of the considerable investment that CAT has made in its Decatur plant that benefits local government <br /> agencies,and the direct economic benefit from added employment within the Decatur community,we request <br /> and would appreciate reimbursement from the City of Decatur for the cost of pavement improvements made to <br />