2019-1707 File Resolution No. 2019-1707
A resolution approving a TIF Development Agreement with Glenmorangie, LLC for the
development of a 28,000 square foot addition to an existing industrial facility located at
400 Freedom Lane and located within Janesville's Tax Incremental District No. 26
WHEREAS, Sections 66.1105 and 66.1101 of Wisconsin Statutes authorize cities to utilize tax
increment financing to promote industry, multi-family, mixed use, and certain other implement
economic development projects; and
WHEREAS, the Janesville Common Council have authorized the use of Tax Incremental
Districts (TID) for industrial site development and Tax Incremental Financing (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 further modified as Council Policy Statement No. 61A (Industrial Economic
Development Policy) in 2016; and,
WHEREAS, the Common Council of the CoJ created TID No. 26 to stimulate industrial
development projects in the CoJ's South Side; and
WHEREAS, Glenmorangie, LLC (Developer), Clinton Aluminum Distribution, Inc. (Tenant) and
the CoJ have negotiated a certain TIF Development Agreement which, in major part calls for the
CoJ to provide a Temporary "No-Build" easement on City-owned property adjacent to the
development site to facilitate the addition meeting the required setbacks of the Wisconsin
Commercial Building Code; and
WHEREAS, the Common Council of the CoJ hereby find the approval of this particular
negotiated TIF Development Agreement and easement with Glenmorangie, 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 Glenmorangie LLC and
Clinton Aluminum Distribution, Inc., and the Temporary "No-Build" easement described above,
are both 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 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: October 14, 2019 Motion by: Wolfe
Second by: Conley
APPROVED: Councilmember Aye Nay Pass Absent
ConX
Conley ley X
Mark A. Freit g, City Manager Farrell X
Gruber X
ATTEST' Marklein X
Williams X
Wolfe X
David . Godek, City Cl-k-Treasurer
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office/City Attorney