2003-438Resolution No. 2003 - 438
A Resolution Approving a TIF Development Agreement
with Seneca Foods Corporation for a 316,000 SF Expansion in TIF No. 26
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 Common Council of the City of Janesville adopted Resolution 2003-390 creating Tax
Increment Finance (TIF) District No. 26 on November 24, 2003 in order to develop a new industrial
park on the City's north side; and
WHEREAS, the Common Council has authorized the use of Tax Increment Financing Districts for
industrial site development and TIF Development agreements when the Council adopted amended
Council Policy Statement No. 61 (Industrial Development Policy) on the 13th day of June, 1994; and,
WHEREAS, Seneca Foods Corporation desires to construct a 316,000 sf industrial building addition in
Tax Increment Finance (TW) District No. 26 according to the terms of a TIF Development Agreement
attached hereto and incorporated herein as if fully set forth; and
WHEREAS, the Common Council of the City of Janesville find the approval of the TIF Development
Agreement with Seneca Foods Corporation to be in the best interest of and benefit to the City, its
citizens, and the overall community;
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Janesville that it
hereby approves the TIF Development Agreement with Seneca Foods Corporation; and
BE IT FURTHER RESOLVED, that the City Manager, on behalf of the City of Janesville, is hereby
authorized to negotiate, draft, modify, amend, review, and file all such other documents, papers, and
agreements, to take whatever other actions, and to make whatever 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.
Resolution 2003-438
Page 2
ADOPTED: December 8, 2003
APPROVED:
Ste*~en E. Sheiffer,-City Manager
ATTEST:
Jean A~Wulf, City Clerk-Treasurer
APPROVED AS TO FORM:
City-Attorney- / ,r
Proposed by:
Prepared by:
City Manager
Director of Economic Development
MOTION BY: DeGarmo
SECOND BY: Murph7
COUNCILMEMBER AYE NAY PASS ABSENT
ADDIE X
MURPHY X
DEGARMO X
STEEBER X
WILLIAMS X
BRIEN X
WELLNITZ X