2015-1254 r
Resolution No. 2015 -1254
A Resolution Approving a TIF Development Agreement with SC Aviation, Inc., for
construction of a new 36,720 square foot aircraft hangar on property addressed
as 1116 West Endeavor Drive located within one half -mile 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 industrial development projects in and near the City's South Side
Highway 11 Bypass Industrial Park; and
WHEREAS, SC Aviation, Inc. and the CoJ have negotiated a certain TIF Development
Agreement which, in major part, calls for the CoJ to loan to SC Aviation, Inc. a lump
sum in the aggregate amount of One Hundred Thousand and 00/100 Dollars
($100,000.00) for construction of a thirty -six thousand seven hundred twenty square
foot (36,720 sq. ft.) aircraft hangar on property addressed as 1116 West Endeavor Drive
in Janesville, WI by October 1, 2016, which property is zoned for industrial use; and
WHEREAS, the Common Council of the CoJ hereby find that the approval of this
particular negotiated TIF Development Agreement with SC Aviation, Inc., 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 SC
Aviation, Inc., and the TIF development loan 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 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
Resolution No. 2015 — 1254
Page 2
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: November 9, 2015 Motion by: Gruber
Second by: Liebert
APPROVED: / Councilmember Aye Nay Pass Absent
• Bobzien X
,,/ . A Deupree X
Mark A. reitag, City Manager Farrell X
Gruber X
A i 11. , Liebert X
Marklein X
r ∎ AA_ Tidwell X
David T. Godek, City Clerk- Treasurer
APPROVED AS TO FORM:
Wald Klim zyk, City Attorney
Proposed by: Economic Development Department
Prepared by: Economic Development Department
and City Attorney