2015-12301
Y r
Resolution No. 2015 -1230
A Resolution Approving a TIF Development Agreement with DG Distribution
Midwest, LLC an affiliate of Dollar General for the creation of jobs within a new
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 to grant to DG Distribution Midwest, LLC. an annual sum in the aggregate amount
of One Hundred Seventy Eight Thousand Eight Hundred Thirty and 60/100 for a period
not to exceed ten (10) years beginning sixty days after occupancy of the new
distribution center to be located at 3598 Beloit Avenue and to be paid annually on the
28 of February each year thereafter. Said incentive is for the creation and maintenance
of Two Hundred Ten (210) jobs equating to One Hundred Forty Six (146) living wage
equivalent jobs by the end of the first year of operation, Four Hundred Thirty (430) jobs
equating to 307 living wage equivalent jobs by the end of the second year of operation
and Five Hundred Fifty Two (552) jobs equating to Three Hundred Ninety Seven living
wage equivalent jobs by the end of the third year of operation; and
WHEREAS, the Common Council of the CoJ hereby find that the approval of this
particular negotiated TIF Jobs Agreement with DG Distribution Midwest, LLC., and 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 Jobs 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 — 1230
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 Jobs 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:
Mark A. Vreitag, City Manager
ATTES
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