2015-1229Resolution No. 2015 -1229
A Resolution Approving a TIF Development Agreement with DG Distribution
Midwest, LLC an affiliate of Dollar General for development of a one - million
square foot distribution facility to be located at 3598 Beloit Avenue, located within
City of Janesville Tax Incremental Financing District No. 35
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 Financing Districts (TIDS) for industrial site development and TIF
development agreements to facilitate the 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,
WHEREAS, the Common Council of the CoJ created Tax Incremental Financing District
No. 35 to stimulate projects industrial development projects in the City's South Side
Highway 11 Bypass Industrial Park; and
WHEREAS, DG Distribution Midwest, LLC, an affiliate of Dollar General and the CoJ
have negotiated a certain TIF Development Agreement which, in major part, calls for the
CoJ provide DG Distribution Midwest, LLC One Hundred Twenty Four acres of land for
construction of the facility, with a value of Four Million Two Hundred Fifty Three
Thousand Five Hundred Seventy Two and 00/100 Dollars ($4,253,572.00), a real
property value incentive of Three Million Nine Hundred Thousand ($3,900,000),
personal property value incentive of One Million Three Hundred Forty Six Thousand Six
Hundred and 00/100 Dollars ($1,346,600) and a reimbursement of building permit fees
of Two Hundred Thirty Two Thousand Dollars ($232,000) for construction of a One
Million square foot distribution center, by July 1, 2017, on which property is zoned for
light industrial, including warehouse and distribution; and
WHEREAS, the Common Council of the CoJ hereby find that the approval of this
particular negotiated TIF Development Agreement with DG Distribution Midwest LLC, to
be in the best interest and of benefit to the CoJ, its citizens, residents, taxpayers, and
the overall community;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Janesville that the Administration's negotiated TIF Development Agreement with DG
Distribution Midwest LLC., and the TIF development incentives described above are
hereby approved and authorized, according to the terms and conditions set forth in the
specific TIF Development Agreement, and
Resolution No. 2015 — 1229
Page 2
BE IT FURTHER RESOLVED, that the City Manager, on behalf of the City of Janesville,
and those he authorizes on his behalf is /are hereby authorized to negotiate, draft,
modify, amend, review, enter into, and file all such other documents, papers, and
agreements, take whatever other actions, and to make and enter into whatever other
changes and amendments to the TIF Development Agreement, and such other
documents and agreements, which the City Manager may, from time to time, deem
necessary and /or desirable to effectuate the intent of this Resolution.
ADOPTED: September 14, 2015
APPROVED:
1�1'411Q I 4-r
Mark A. treitag, City Manager
ATTE$T
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r
David T. Godek, City Clerk- Treasurer
Motion by: Gruber
Second by: Marklein
Councilmember
Aye
Nay
Pass
Absent
Bobzien
X
Deupree
X
Farrell
X
Gruber
X
Liebert
X
Marklein
X
Tidwell
X
APPROVED AS TO FORM:
Wald Klim zyk, City Attorney
Proposed by: Economic Development Department
Prepared by: Economic Development Department
and City Attorney