2013-1030 Resolution No. 2013 -1030
A Resolution Authorizing the City Manager to Enter into a TIF Development Agreement with
Seneca Foods Corporation for a Business Expansion in TIF District 26
WHEREAS, the Common Council of the City of Janesville created Tax Incremental Finance District No.
26 in 2004 in accord with Wisconsin's Tax Increment Financing Laws, Wis. Stats. Sec. 66.1105 and
other applicable statutes, as from time to time amended or renumbered, in order to stimulate the
development and redevelopment of industrially zoned properties; retain and increase employment;
construct, renovate and expand industrial facilities; and otherwise provide for the overall economic
health, welfare, vitality, and good of the community; and
WHEREAS, the Project Plan for Janesville TIF District No. 26 includes industrial and manufacturing
development and redevelopment, improvements, facility construction, expansion, and renovation, job
retention and creation, and related financing, incentives, payments, loans, and actions that effectuate
and /or facilitate these legitimate and pressing public purposes and goals; and
WHEREAS, Seneca Foods Corporation ( "SENECA ") is a New York domestic corporation with Twenty
One (21) food processing plants across the United States including its One Million Six Hundred Twenty
Eight Eleven square foot (1,628,011 sq. ft.) Janesville Operation ( "EXISTING FACILITY ") located at 418
E. Conde Street, City of Janesville, County of Rock, State of Wisconsin 53545.
WHEREAS, SENECA intends, promises to, and shall construct and operate an approximately Eighty
Thousand (80,000 sq. ft.) addition to their EXISTING FACILITY upon this PROPERTY ( "ADDITION "),
which PROPERTY, EXISTING FACILITY and ADDITION at all times during this AGREEMENT shall
have a combined real property equalized value in an amount of not less than Ten Million Six Hundred
Twenty Thousand One Hundred and 00/100 Dollars ($10,620,100.00); and create and maintain the new
full -time employment equivalent positions of employment at the FACILITY in the manner, time, kind, and
number set forth in, and during the entire term of, the AGREEMENT; and
WHEREAS, there are currently sufficient positive fund balances in the TIF District No. 26 improvement
and overall project accounts, and these expenditures fall within the allowable time and scope for said
Development Agreement and expenditures; and
WHEREAS, the Common Council hereby find that the City Administration has negotiated the
AGREEMENT with SENECA upon terms, conditions, promises, obligations, provisions, and purposes,
consistent with the best interest of and benefit to the City, all applicable laws, and Common Council
industrial and economic development policies, goals, objectives, and directives.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Janesville that:
1. Each and every of the above recitals are reiterated and incorporated herein by reference as if
fully set forth verbatim; and
2. The above described AGREEMENT and proposed City, incentives, loans, guarantees, purposes,
industrial development, and promises are each hereby authorized, ratified, and approved; and
3. All expenditures, terms, conditions, promises, obligations, and provisions set forth in the
AGREEMENT are hereby found to be in the best interest of, and for the benefit of, the CITY, its
residents, businesses, and taxpayers; and
4. The City Manager and /or his designee(s) is /are hereby authorized to execute, enter into, and
effectuate the terms, provisions, and promises set forth in the AGREEMENT on behalf of the City of
Janesville; and
BE IT FURTHER RESOLVED, that the City Manager and /or his designee(s), on behalf of the City of
Janesville, is /are hereby authorized to further administratively negotiate, draft, execute, review, enter in,
modify, amend, record, file, and otherwise effectuate the above described AGREEMENT and to take,
make, and /or enter into any and all actions, and related amendments, agreements, promissory notes,
contracts, documents, papers, obligations, and promises that the City Manager and /or his designee(s)
may, from time to time and at any time, determine necessary and /or desirable to effectuate the
AGREEMENT and /or the intent and purposes of this Resolution.
ADOPTED: June 24, 2013 Motion by: Kealy
Second by: Severson
APPROVED: Councilmember Aye Nay Pass Absent
Farrell X
Allos■ Fitzgerald
Jacob . Winzenz, Acting City anager Kealy X
Liebert X
ATTEST: ��77 Marklein X
C' ' /'/ �� /' Severson
Voskuil X
/� %y��
Jeann Wulf, City Clerk- Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by Economic Development _ - `
Prepared by Economic Development ,`