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R2001-149 AN INDUCEMENT RESOLUTION IN CONNECTION WITH INDUSTRIAL DEVELOPMENT
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R2001-149 AN INDUCEMENT RESOLUTION IN CONNECTION WITH INDUSTRIAL DEVELOPMENT
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1/21/2016 3:27:45 PM
Creation date
1/21/2016 3:27:44 PM
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Resolution/Ordinance
Res Ord Num
R2001-149
Res Ord Title
AN INDUCEMENT RESOLUTION OF THE CITY OF DECATUR, ILLINOIS IN CONNECTION WITH INDUSTRIAL DEVELOPMENT - BONDS FOR DECATUR FOUNDRY, INC.
Approved Date
8/6/2001
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AUG-43-01 FAI 09:42 AM DECATUA FOUNDEBY FAX:2174252834 PAGE 2 ', <br /> 3oh�CouLer �I <br /> ci�ty of Da;anu Attorncy � <br /> 1 Crary A�derson Plaza <br /> Docatnr,II.62323 � <br /> RE:I�atur Foundry,Iac.Busincss Facpaasion <br /> Uaatur Foundry,bic.has hccr�turning avvay new business far scvaat yeazs ba;ausc <br /> of a lack of rrnitin8 cap�itY.To inaz�ase capacity a�bovome morc ptice campetitivc <br /> in the p�coauction of ducrite ir+an at�d speciai atloyed iroq Dccawr Foundr�►,Ictc. is <br /> installiag two I�iuctothcnm tht�ee metric ton elocnic induc�tioa fi�nac�s in the fornacr <br /> ADM Fabrication and Spira!Manuficturing facility wbich Dxa�Fowidry,Iac. <br /> Durehased on Ju�e 20,2001. Thcse fumaces are scheduled to lx opaatioaal bY <br /> Octobes�15,Z001. <br /> Operatin8 thesc fumaas cight houts per day,fiv�c days per w�k w!ll double oru <br /> iron pradu�tion Fiti.y naw emplayees will hav�c bcen added to aw payrnIl when <br /> our salcs l�ave doubled <br /> Thc pricc of the ADM property was 51,040,�0.Thc elccttic f:unace.s will cost <br /> app�oximately 52,250,000 instaued. <br /> If yv��any questioas o�t�eed additios�al iuformatia�,plcase call me. <br /> Docatttr Fou�tdty,luc. <br /> �,�,t,,Gc �. <br /> Bruce C. Johm9on, .P.A. <br /> Tre�urer <br />
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