R99-30 AUTHORIZING ANNEXATION AGREEMENT

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CITY of DECATUR Department of Economic Development Memorandum # 99-04 February 25, 1999 To: Honorable Mayo ity Council From: James L. Willi s r., City Manager A.J. Krieger, Director, Economic Development Department�j�' v Subject: Riverbend Acquisition Corporation annexation agreement The attached proposed annexation agreement with Riverbend Acquisition Corporation is for a 16 acre tract immediately east of Meadowlark Subdivision and south of Mound Road. In February of 1998, Council considered and approved a similar annexation agreement with Riverbend Development for a 24 acre tract immediately south of the subject property. That property now serves as the site for a 300,000 square foot distribution center. The following is a brief summation of the major provisions of the proposed agreement: • The City shall zone the property M-1, for light industrial development. • The City shall make application to the State of Illinois Department of Commerce and Community Affairs (DCCA)to annex the property to the Decatur Enterprise Zone. • A minimum building setback line of 75 feet from the west property line shall be established. . • The owner shall construct and landscape an 8 foot earthen berm along the entire western property line. As Council is aware, staff has been aggressively pursuing similar annexation agreements with land owners to prepare for and encourage development along the Brush College Road corridor. The attached proposed agreement is a logical extension of these efforts. Staff will be available to answer any questions.