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R2002-74 AUTHORIZING AGREEMENT
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R2002-74 AUTHORIZING AGREEMENT
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Last modified
1/19/2016 2:22:41 PM
Creation date
1/19/2016 2:22:41 PM
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Resolution/Ordinance
Res Ord Num
R2002-74
Res Ord Title
AUTHORIZING AGREEMENT - INTERNATIONAL CONTROL SERVICES, INC.
Approved Date
5/6/2002
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� \J <br /> AGREEMENT <br /> THIS AGREEMENT made by and between the CITY OF DECATUR, ILLINOIS <br /> ("CITY"), a municipal corporation, and INTERNATIONAL CONTROL SERVICES, INC. <br /> ("ICS"), a Delaware corporation licensed to do business in the State of Illinois. <br /> WHEREAS, ICS is engaged in the production of printed circuit boards and <br /> presently employs eighty-five (85) people at its facility located at 606 West Imboden <br /> Drive (the "Premises"), in the City of Decatur; and, <br /> WHEREAS, ICS has represented to the CITY that it will construct an expansion <br /> of approximately twenty eight thousand (28,000) square feet to said facility, which <br /> expansion will generate a near-term increase of thirty five (35)jobs with the potential for <br /> one hundred (100) additional jobs over the next several years; and, <br /> WHEREAS, the CITY wishes to assist ICS in this expansion, in order to increase <br /> the number of jobs in the community and to increase the property tax base thereof; and, <br /> WHEREAS, ICS has requested that the CITY perform certain work in West <br /> Imboden Drive, as more particularly described below, in order to facilitate said <br /> expansion. <br /> NOW, THEREFORE, the CITY and ICS agree as follows: <br /> 1. ICS shall use its best efforts and proceed in good faith to complete the � <br /> expansion of its facility as described herein. i, <br /> 2. The CITY will make the following described repairs and alterations to West I� <br /> Imboden Drive, to be completed not later than August 1, 2002: <br />
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