2026-2456
File Resolution No. 2026-2456
A resolution approving a Tax Incremental Financing Jobs Agreement with GEA
SYSTEMS NORTH AMERICA LLC for 52 full-time living wage equivalent (FT LWE)
jobs over the term of the agreement for property located within Tax Incremental
District No. 39 and addressed as 3901 Enterprise Drive
WHEREAS, Sections 66.1105 and 66.1101 of Wisconsin Statutes authorize cities to
utilize tax increment financing to promote industry and implement economic development
projects; and
WHEREAS, the Janesville Common Council have authorized the use of Tax Incremental
Districts (TID) for industrial site development and Tax Incremental Financing (TIF)
development agreements to facilitate manufacturing, industrial, and overall economic
benefit of the City of Janesville (CoJ) when they adopted Council Policy Statement No.
61 (Economic Development Policy) in 1994 and further modified as Council Policy
Statement No. 61A (Industrial Economic Development Policy) in 2016; and,
WHEREAS, the Common Council of the CoJ created TID No. 39 to stimulate industrial
development projects in City of Janesville; and,
WHEREAS, GEA SYSTEMS NORTH AMERICA LLC. and the CoJ have negotiated a
certain TIF Development Agreement which, in major part, calls for the CoJ to provide a
pay-as-you-go incentive not to exceed Three Hundred Twenty-One Thousand Seven
Hundred Seventy-Six and 00/100 Dollars ($321,776.00) as an incentive to attract, train,
equip and maintain a diverse and talented workforce on the property; an d
WHEREAS, the Common Council of the CoJ hereby find that the approval of this project,
these incentives, and this particular negotiated TIF Development Agreement with GEA
SYSTEMS NORTH AMERICA LLC to be in the best interest and of benefit to the CoJ, its
citizens, residents, taxpayers, and the overall community;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Janesville
that the Administration’s negotiated TIF Development Agreement with GEA SYSTEMS
NORTH AMERICA LLC. and the TIF development incentives described above are hereby
approved and authorized, according to the terms and conditions set forth in the specific
TIF Development Agreement, and
BE IT FURTHER RESOLVED that the Common Council hereby authorizes the City
Manager and those he authorizes on his behalf to take whatever additional reasonably
necessary and/or desirable actions the City Manager determines appropriate to effectuate
the project and the intent of this authorizing resolution.
Resolution No. 2026-2456
Page 2
ADOPTED:
APPROVED:
Jay Shambeau, Interim City Manager
ATTEST:
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office
Motion by:
Second by:
Councilmember Aye Nay Pass Absent
Cass
Erdman
Miller
Neeno
Pope
Seeman
Squire
August 10, 2026 Cass
Miller
X
X
X
X
X
X
X
Jay Shambeau (Aug 11, 2026 20:35:15 CDT)
TIF DEVELOPMENT AGREEMENT
FOR
JOBS ASSOCIATED WITH PROPERTY
LOCATED IN JANESVILLE
TID NO. 39
Currently Addressed as 3901 Enterprise Dr
Current Parcel No. 0233400004
BY AND BETWEEN
CITY OF JANESVILLE
AND
GEA SYSTEMS NORTH AMERICA LLC
TIF DEVELOPMENT AGREEMENT FOR JOBS
I. PARTIES
A. The CITY OF JANESVILLE (hereinafter the "CITY"), is a Wisconsin Municipal
Corporation located in the County of Rock, conducting its principal business at 18
North Jackson Street, Janesville, WI 53545 and is the PAYOR of certain monies
described below;
B. GEA Systems North America LLC is a Maryland limited liability company
(“DEVELOPER” and or “GEA”), with its principal offices located at 9165 Rumsey
Road, Columbus, County of Howard, State of Maryland 21045, and subsidiary of
parent corporate company GEA North America, Inc. (“GEA NORTH AMERICA”),
and is planned to be the OCCUPANT and OPERATOR of certain real property
and facility described below;
C. GEA is proposing to construct a Phase II 70,000+/- sq. ft., office/industrial/
manufacturing/research Facility on a vacant parcel of land currently addressed as
3901 Enterprise Dr, in the City of Janesville, County of Rock, State of Wisconsin,
53548 (Tax Parcel 0233400004) (“PHASE II PROPERTY”).
D. The parties acknowledge that GEA Mechanical Equipment US, Inc. (“GEA
MECHANICAL”) owns adjacent real property improved with a Phase I facility (Tax
Parcel 0233400005) (the “PHASE I PROPERTY”).
E. With regards to the PHASE I PROPERTY, GEA MECHANICAL and the CITY
previously executed that certain TIF Development Agreement for Jobs as of July 13,
2022 (the “GEA MECHANICAL JOBS AGREEMENT”).
F. GEA intends to consolidate the PHASE II PROPERTY with the PHASE I
PROPERTY following GEA’s acquisition of the PHASE II PROPERTY from the
CITY. Together, the PHASE I PROPERTY combined with the PHASE II PROPERTY
shall be known as the “PROPERTY”.
G. After occupying the building on the PHASE II PROPERTY, GEA shall create
additional jobs for residents of Janesville and surrounding communities and county;
H. GEA shall be and hereby is the beneficiary and recipient of the proceeds from a
certain JOBS AGREEMENT, described below;
I. After completion of construction and occupancy on the PHASE II PROPERTY, GEA
intends to use a 70,000+/- sq. ft. fully functional Industrial/Manufacturing/
Research/Office facility (“PHASE II FACILITY”). GEA, together with GEA
MECHANICAL, anticipates creating Fifty-Two (52) new full-time, living wage
equivalent jobs directly related to the operation at the PHASE II FACILITY. To these
legitimate and beneficial purposes, GEA shall receive from the CITY a pay-as-you go
INCENTIVE in the total, estimated, aggregate sum not to exceed Three Hundred
Twenty-One Thousand Seven Hundred Seventy-Six Dollars ($321,776.00), which
aggregate amount shall be dependent upon the number of actual, additional, new,
full time living wage equivalent jobs created and maintained at the PHASE II
FACILITY over the life of the Agreement (“INCENTIVE”). The CITY shall pay this
new-employee INCENTIVE to GEA annually based upon the creation and
maintenance of actual, new, additional, full time (2080 hours per year per employee)
living wage equivalent jobs with wages greater than or equal to Twenty Dollars and
Eighty Two Cents ($20.82) Per Hour per new employee during the entire term of this
Agreement. GEA shall receive from the CITY Six Hundred Eighteen Dollars and
80/100 ($618.80) annually for each new full time living wage equivalent position
above the current ZERO (0) jobs for a period not to exceed ten (10) years
commencing on January 1, 2028.
II. DESCRIPTION OF THE PROPERTY
The PHASE II PROPERTY is located within City of Janesville Tax Increment District No.
39, as particularly described above, and shall be used by GEA for the above and below
described development purposes.
III. PURPOSE OF AGREEMENT
A. The PHASE II PROPERTY and PHASE II FACILITY are to be located within City of
Janesville TID NO. 39 which is generally located within the City of Janesville Park
Place Innovation Campus, formerly known as the Certified Site and/or South Side
Industrial Park. GEA shall be the DEVELOPER within the PHASE II FACILITY and
install DEVELOPER related improvements to use and occupy the PHASE II
FACILITY as an office/industrial/manufacturing/research facility (hereinafter
“PROJECT”). As an inducement for and to facilitate GEA to occupy this PROJECT,
to facilitate and further the public purposes and benefit to the CITY and community of
promoting industry, to facilitate and further the other Legislatively articulated goals
for municipalities to act for the commercial benefit and health, safety, and welfare,
economic health, and best interest of the public, to facilitate the creation and
maintenance of up to an additional Fifty-Two (52) new full-time living wage
equivalent jobs at the PHASE II FACILITY, the CITY has agreed to provide a pay-as-
you-go INCENTIVE to GEA in the total aggregate sum of not to exceed Three
Hundred Twenty-One Thousand Seven Hundred Seventy-Six and 00/100 Dollars
($321,776.00), subject to the terms, conditions, promises, guarantees, and
provisions set forth in this Agreement. This document stands alone as the
Agreement and/or, upon the agreement of the parties, may be combined with other
documents and notes so as to constitute the requirements of GEA to the CITY. This
Agreement may also be referred to as the “GEA TIF JOBS AGREEMENT” and/or the
“Jobs Agreement.”
B. To these legitimate ends and purposes, GEA is hereby entering into this Agreement
with the CITY in order to occupy and operate said PROJECT and in furtherance of
the goals and objectives of the Project Plan for TID No. 39. This Agreement to GEA
is in their best interests, and also to the CITY’s mutual benefit and best interests, as
evidenced by the terms of this Agreement that acts as the TIF JOBS AGREEMENT
by and between GEA, and the CITY.
C. By approving and entering into this Agreement and INCENTIVE jointly with GEA,
the governing body of the CITY finds the Agreement and the PROJECT are each in
the best interest and welfare of the CITY, of benefit to the community, and
consistent with the goals and intent of Sections 62.11(5), 66.1101, 66.1103, and
other applicable provisions of the Wisconsin Statutes and CITY economic
development policies.
D. The further purpose of the Agreement is to facilitate the completion and meaningful
use of the PHASE II FACILITY and PROJECT on the PHASE II PROPERTY. This
purpose shall more than adequately meet and greatly facilitate the intent and goals
of the CITY and its land use and development plans for TID NO. 39. GEA
acknowledges that the CITY is only able to make the Jobs INCENTIVE through the
TID NO. 39 Project Plan, pursuant to applicable Wisconsin laws and statutes. But
for GEA’s promises, agreements, and representations herein and otherwise, the
CITY would not enter into this Agreement or make the Jobs INCENTIVE to GEA.
The CITY relies and relied upon such joint and several representations, promises,
and agreements of GEA for all of CITY's purposes arising from this project.
IV. THE AGREEMENT
A. In consideration of the GEA’s occupancy, use, construction, and operation of the
PHASE II FACILITY and PROJECT upon the PROPERTY in the manner and within
the time frames set forth in this Agreement, and actual creation and maintenance of
up to Fifty-Two (52) new full-time living wage equivalent jobs at the PHASE II
FACILITY, the CITY shall provide to GEA the first of ten (10) annual INCENTIVE
installment payments, each in the amount of Six Hundred Eighteen Dollars and
80/100 ($618.80) for each new created and maintained full time living wage
equivalent job. Said payments shall be made annually for a period not to exceed ten
(10) years. GEA hereby agrees to otherwise perform as required by the terms,
conditions, promises, guarantees, and provisions set forth in this Agreement, and
any and all attachments incorporated herein, and in consideration of any other
valuable consideration, the cumulative sufficiency of which each of the parties hereto
each acknowledges. Additional terms and conditions of this Agreement are set forth
in the document entitled “GEA TIF JOBS AGREEMENT” by and between the City of
Janesville (“Grantor”) and GEA (“Grantee”)”, attached hereto as Exhibit A and
incorporated and reiterated herein by reference as if fully set forth verbatim.
B. GEA shall:
1. Complete occupancy of the PHASE II FACILITY upon the PROPERTY and
obtain or cause to be obtained all permits and certifications needed for
occupancy and operation of the PHASE II FACILITY upon the PROPERTY
from the City of Janesville Building Division.
2. Create and maintain Fifty-Two (52) new, living wage equivalent jobs by the
end of the first full year of occupancy and operation of the new PHASE II
FACILITY. For the purposes of this Agreement, the newly created jobs of
GEA, GEA NORTH AMERICA, GEA Mechanical Equipment US, Inc., any
related corporate entity, their successors or assigns and located on the
PROPERTY in Janesville, Wisconsin, will be counted. The parties further
recognize that actual employment levels may and will fluctuate annually
depending upon business cycles. GEA shall accept a pro-rated annual
payment for new positions created and/or maintained of Six Hundred
Eighteen Dollars and 80/100 ($618.80) for each new full time living wage
equivalent job.
C. GEA represents that it is a taxable entity and that it will lease the FACILITY upon the
PROPERTY and will pay property taxes thereon. GEA shall be required to and shall
pay real estate and personal property (if applicable) taxes levied and/or imposed
against the FACILITY during each year of the ten (10) year term of the Agreement,
and during any and extensions, renewals, amendments, and other modifications
thereof. The CITY’s new employee INCENTIVE payment, however, shall never
exceed the ten (10) year initial term of this Agreement.
D. GEA shall be required to secure all required approvals, permits, certified survey
maps, and certifications, including, but not limited to, signage and exterior
appearance, from and by all applicable governmental units and agencies necessary
for the design and construction of the PHASE II FACILITY upon the PHASE II
PROPERTY. GEA shall provide to the CITY such written notice of the waiver(s)
and/or proofs of contingency satisfaction acceptable to the CITY no later than noon,
October 1, 2026.
E. The CITY's obligation to perform under this Agreement is further contingent upon the
CITY's receipt of any and all waivers, satisfactions of contingencies, and other
documentation and permits required of and/or from GEA under this Agreement. The
CITY is not obligated to provide to GEA the INCENTIVE unless and until the CITY
has received all waiver(s) and/or proofs of satisfaction of the contingencies,
occupancy of the PHASE II FACILITY, and other documentation, performance, and
permits upon which GEA’s obligations hereunder are contingent. This also includes
the required certification(s) of new job creation and maintenance in such form, time,
and manner as the CITY may, from time to time and at any time, request or require.
Failure of GEA to timely provide such new job creation and maintenance
documentation shall act as a bar to the CITY’s payment of the INCENTIVE to GEA
or to any other person.
V. OTHER PROVISIONS
A. The parties agree that the INCENTIVES received due to the jobs created in
accordance with this Jobs Agreement shall be independent of, and an in addition to,
the incentives awarded under the EXISTING GEA MECHANICAL JOBS
AGREEMENT.
B. Time is of the essence as to the performance of this Agreement and each and every
obligation and promise set forth herein. In the event that the CITY is delayed for any
reason in performing any of its promises as set forth in this Agreement, all dates
shall be extended for a reasonable period not to exceed thirty (30) days, at the
CITY’s sole discretion.
C. The CITY warrants and represents that the Common Council for the City of
Janesville has lawfully authorized this transaction and has otherwise authorized the
City Manager and/or the City Administration to take such steps, enter into
negotiations, and draft, prepare, execute, file, and/or record this and related
agreements, documents, forms, and other papers as the City Manager may, from
time to time, determine necessary and/or desirable to consummate and/or effectuate
the transaction(s) set forth in, and the intent and purposes of, this Agreement.
D. GEA acknowledges that CITY has informed them of Wisconsin Statutes ss. 66.1105
(6c), which requires any for-profit entity that operates within a TIF district for which
the City has incurred TIF costs, to notify the Department of Workforce Development
and the local workforce development board a minimum of two (2) weeks in advance
of advertising any position to be filled for a period of one (1) year from the payment
of such project costs.
1. The CITY shall provide to GEA at or before closing certified photocopies of all
necessary Common Council resolution(s) and/or minutes evincing said
authorizations in a form suitable for filing with the Rock County Register of
Deeds.
2. The word "obtain" as it appears throughout this Agreement as it pertains to
required performances by GEA means that GEA shall:
a. Seek to acquire such approval or permission as is required in this
Agreement and that granting such authority or permission is
discretionary and not mandatory on the part of the CITY or any of its
boards, commissions, bodies, or officials;
b. Receive such discretionary authority or permission as necessary prior
to any further obligation on the part of the CITY.
E. The CITY makes no warranty or representation except as expressly set forth herein.
F. The CITY agrees to execute and deliver such other documents as counsel for GEA
may reasonably request to consummate the transaction contemplated herein. This
Agreement, together with separate TIF Development Agreement between the
parties, constitutes the entire Agreement between the parties and no modification
shall be binding unless amended and agreed to in writing and signed by the affected
parties.
G. GEA, by signing below acknowledges having read, fully understanding, and having
personally received a copy of this Agreement.
H. This Agreement shall remain in full force and effect until the CITY has made its last
jobs payment to GEA hereunder and when each and every of the obligations of
GEA have been fully satisfied.
I. All rights and remedies in this Agreement for each party are cumulative and in
addition to any and all others in law and equity.
J. Any notice which is required in connection with this Agreement shall be mailed,
certified mail with return receipt requested, or delivered by nationally recognized
overnight carrier, or hand delivered, if to the CITY:
City Manager - City Hall
P.O. Box 5005
Janesville, WI 53547-5005
If to GEA Systems North America LLC
ATTN: Ana Rusu
9165 Rumsey Road
Columbus, MD 21045
Person or place of notice may be changed from time to time by any party notifying the
other in writing duly served of the change.
K. This Agreement survives any and all dates set forth, supra, runs with the land, may
be recorded by the CITY, and shall be binding upon and inure to the benefit of GEA
and each and every of their respective conveyees, purchasers, assigns, lessees,
sub-lessees, transferees, mortgagees, successors, and heirs of whatsoever kind or
nature. Therefore, in the event GEA sells the PHASE II FACILITY, sells its
business, merges, or otherwise transfers its assets (including the PHASE II
FACILITY), GEA may assign or partially assign this Agreement to an entity without
the consent of the City, however with written notice to the City, in which event both
GEA and the assignee and/or successor will be jointly and severally responsible
and liable for the performance and payments set forth in this Agreement. By means
of example and not by way of limitation, GEA may (after construction of the PHASE
II FACILITY) assign its rights under this Agreement (including but not limited to its
rights to the INCENTIVE payments) as part of a sale of the PHASE II FACILITY, a
merger, a sale of the division operating the Facility or as part of a sale of
substantially all the assets operated in connection with the Facility.
L. This Agreement shall be interpreted, construed, and enforced according to the laws
of the State of Wisconsin. All disputes shall be resolved solely in a court of
competent jurisdiction located in the County of Rock, State of Wisconsin, to the
exclusion of all others.
M. This Agreement shall not be construed against any party because of drafting and
shall be considered the work and intent of all parties hereto.
N. This offer and Agreement are hereby accepted. The warranties and representations
made herein survive the closing of this transaction. The undersigned hereby jointly
and severally agree(s) to the terms, contingencies, conditions, and obligations set
forth, supra, and acknowledge(s) receipt of a copy of this Agreement.
Offered, agreed to, and entered into this day of July, 2026.
GEA SYSTEMS NORTH AMERICA LLC hereby agrees to the terms, contingencies,
conditions, and obligations set forth herein, and acknowledges receipt of a copy of this
Agreement.
GEA SYSTEMS NORTH AMERICA LLC
By:
Ana Rusu, Managing Director,
GEA SYSTEMS NORTH AMERICA LLC
State of )
) ss
County )
Subscribed to before me personally by Ana Rusu, Managing Director, GEA SYSTEMS
NORTH AMERICA LLC, to me known to be the person who signed above this
day of 2026.
Notary Public
County,
My commission
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
CITY SIGNATURE ON THE FOLLOWING PAGE
This Agreement is hereby accepted and entered into. On behalf of the City of Janesville, the
undersigned hereby agree to the terms, contingencies, conditions, and obligations set forth,
supra, and acknowledge receipt of a copy of this Agreement.
This day of 2026.
City of Janesville
By:
Jay Shambeau
Interim City Manager
BY:
Lorena Rae Stottler
City Clerk-Treasurer
State of Wisconsin )
) ss
Rock County )
Subscribed to before me personally by Jay Schambeau, Interim City Manager, and
Lorena Rae Stottler, City Clerk-Treasurer, to me known to be the same persons who
signed above this
day of 2026.
Notary Public
Rock County, Wisconsin
My commission .
GEA Mechanical Equipment USA, Inc. hereby agrees to the terms of Section 5 to Exhibit A of
this Agreement, which amends the Existing GEA Mechanical Jobs Agreement, and
acknowledges receipt of a copy of this Agreement.
GEA Mechanical Equipment USA, Inc.
By:
Evan Walker, Managing Director, GEA
Mechanical Equipment USA, Inc.
State of _____________ )
) ss
County of ____________ )
Subscribed to before me personally by Evan Walker, Managing Director, GEA Mechanical
Equipment USA, Inc., to me known to be the person who signed above this day of
2026.
__________________________________
Notary Public
County,
My commission expires:________________
Exhibit A
GEA TIF JOBS AGREEMENT
By and Between
City of Janesville (“Grantor”)
And
GEA SYSTEMS NORTH AMERICA LLC (“GEA”)(“Grantee”)
Purpose: GEA announced plans to develop, occupy and operate a 70,000 square foot
manufacturing facility, hereinafter “PHASE II FACILITY” on a formerly City owned site. The
City of Janesville has offered an incentive to GEA in return for its commitment to occupy
and operate the PHASE II FACILITY and create not less than the elsewhere designated
number of new full-time equivalent living wage jobs within the new PHASE II FACILITY.
The PHASE II FACILITY is within TID No. 39 in the City of Janesville, Wisconsin 53546
and GEA has committed to use these funds to reimburse itself for equipment purchased for
the PHASE II FACILITY’s initial construction and/or training of staff. The TIF Development
Incentive from the CITY to GEA is being made under the provisions of Wisconsin’s TIF Law
(ss 66.1105), according to the terms, provisions and promises set forth in a certain TIF
Jobs Agreement for Development Project Located within Janesville TID NO. 39 by and
between City of Janesville "the CITY" and GEA "the DEVELOPER” (the "AGREEMENT") of
even date, the terms, conditions and provisions of which are incorporated herein by
reference as if fully set forth verbatim. Capitalize terms used herein shall have the
meaning ascribed to them in the AGREEMENT.
1. Incentive Amount: $321,776.00 estimated maximum, aggregate incentive over
ten (10) years. The incentive shall be Six Hundred Eighteen and 80/100 ($618.80)
Dollars per new living wage equivalent job created and maintained in Janesville,
Wisconsin, for each, entire year above the current total jobs of zero, paid annually
beginning one year after the anniversary date of occupancy of the building.
2. Incentive Purpose: To be applied towards equipment and employee training.
3. Incentive Term: 10 years from January 1, 2028.
4. Job Creation and Retention Commitment: GEA hereby promises and agrees to
use commercially reasonable efforts to create and maintain up to 52 new living
wage equivalent jobs, within Rock County Wisconsin, for a period of at least ten
(10) years from the approximate one year anniversary date of occupancy
(approximately January 1, 2028) of the PHASE II FACILITY and to maintain those
jobs until the TIF Jobs Incentive Term is completed.
5. Incentive Payment Calculation: Annually, the City agrees to and shall pay GEA
Six Hundred Eighteen and 80/100 ($618.80) per new, living wage equivalent
job created and maintained within the PHASE II FACILITY within Janesville,
Rock County Wisconsin. If new jobs are not created and maintained in the
PHASE II FACILITY, no payment shall be provided by the CITY. The City
acknowledges and agrees that DEVELOPER intends to combine the PHASE I
PROPERTY and PHASE II PROPERTY via a certified survey map and to
construct the PHASE II FACILITY such that it will be interconnected with and
essentially indistinguishable from the facility on the PHASE I PROPERTY. In
other words, it will be difficult to distinguish whether jobs are conducted on the
PHASE I PROPERTY or on the PHASE II PROPERTY in the future.
Consequently, the City agrees that DEVELOPER may freely count or allocate
the jobs created on the entire PROPERTY towards either its jobs requirement
under this AGREEMENT or its jobs requirement under the EXISTING GEA
MECHANICAL JOBS AGREEMENT, so long as these jobs are not double
counted. The parties acknowledge that the EXISTING GEA MECHANICAL
JOBS AGREEMENT is to be consistent with the foregoing ability granted to
GEA to use jobs created on the Property to claim CITY jobs incentive
payments under either this AGREEMENT or the EXISTING GEA
MECHANICAL JOBS AGREEMENT, so long as these jobs are not double
counted (e.g. If GEA Mechanical creates 20 new jobs, such 20 jobs could be
counted in any year under this AGREEMENT or the EXISTING GEA
MECHANICAL JOBS AGREEMENT, but not both). Notwithstanding the
foregoing, the total, aggregate, CITY jobs incentive payments to GEA over the
life of this AGREEMENT may not exceed Three Hundred Twenty-One
Thousand Seven Hundred Seventy-Six and 00/100 Dollars ($321,776.00).
Payment shall commence within 60 days of January 1, 2028, and continue each
anniversary of occupancy for ten (10) consecutive years, notwithstanding any
failure to create and maintain the jobs as of the anniversary date as noted above.
6. Timing of Annual Debt Service Payments: Forty-Five (45) days prior to the first
anniversary date of the occupancy of the building and each anniversary date thereafter,
GEA shall provide to the City a certified statement of monthly full-time employment
levels for each of the prior Twelve (12) months. The average monthly employment
levels shall be averaged over the previous Twelve (12) month period to determine the
average employment level at the FACILITY for the previous year. Thirty (30) days prior
to the anniversary date of the occupancy of the building, the CITY shall calculate the
amount of the incentive payment, which shall be pro-rated in the event GEA does not
meet the annual requirement.
7. GEA vacates premises – During 10-year term: If, for any reason, GEA moves out of the
PHASE II FACILITY at currently addressed 3901 Enterprise Dr in the City of Janesville,
prior to the end of the 10-year term, and/or moves its business outside the City of
Janesville corporate limits, then the unpaid incentive shall not be issued by the City of
Janesville and the agreement shall be considered terminated, subject to GEA’s rights
under Section V(K) of the attached agreement to transfer its rights hereunder to any
successors or assigns who continue to operate the PHASE II FACILITY and maintain
the jobs in Janesville.
8. Assignment: GEA’s rights and obligations under this Exhibit A may be assigned in
accordance with Section V(K) of the Agreement. Any assignee or successor shall be
bound by all terms and conditions of this Exhibit A, and both GEA and the assignee
shall be jointly and severally responsible for the performance of all obligations
hereunder.
2026-2456
Final Audit Report 2026-08-12
Created:2026-08-11
By:Elizabeth Lopez (lopeze@janesvillewi.gov)
Status:Signed
Transaction ID:CBJCHBCAABAA7hfHX2gpSapUeIYWY1BCA_dgyBp90yVw
"2026-2456" History
Document created by Elizabeth Lopez (lopeze@janesvillewi.gov)
2026-08-11 - 7:06:37 PM GMT
Document emailed to Jay Shambeau (ShambeauJ@JanesvilleWi.gov) for signature
2026-08-11 - 7:06:42 PM GMT
Email viewed by Jay Shambeau (ShambeauJ@JanesvilleWi.gov)
2026-08-12 - 1:35:06 AM GMT
Document e-signed by Jay Shambeau (ShambeauJ@JanesvilleWi.gov)
Signature Date: 2026-08-12 - 1:35:15 AM GMT - Time Source: server - Signature Appearance Selected: DRAW
Document emailed to Lorena Stottler (stottlerl@janesvillewi.gov) for signature
2026-08-12 - 1:35:16 AM GMT
Email viewed by Lorena Stottler (stottlerl@janesvillewi.gov)
2026-08-12 - 1:38:59 PM GMT
Document e-signed by Lorena Stottler (stottlerl@janesvillewi.gov)
Signature Date: 2026-08-12 - 1:39:09 PM GMT - Time Source: server - Signature Appearance Selected: IMAGE
Agreement completed.
2026-08-12 - 1:39:09 PM GMT