2023-2110 File Resolution No. 2023-2110
A resolution approving a TIF Jobs Agreement with UNITED ALLOY, INC. for the
creation of 26 full-time living wage equivalent jobs located at 4000 and 4100
Kennedy Road and located within Janesville's Tax Incremental Financing District
No. 41
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
Districts (TID) for industrial site development and Tax Incremental Financing (TIF)
development agreements to facilitate 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. 41 to stimulate industrial
development projects in City of Janesville; and
WHEREAS, UNITED ALLOY, INC. and the CoJ have negotiated a certain TIF Jobs
Agreement which, in major part, calls for the CoJ to provide a pay-as-you-go incentive
not to exceed One Hundred Twelve Thousand Five Hundred Ninety Six and 00/100
Dollars ($112,596.00) as an incentive to attract, train, equip and maintain a diverse and
talented workforce on the property; and
WHEREAS, the Common Council of the CoJ hereby find that the approval of this project,
these incentives, and this particular negotiated TIF Jobs Agreement with UNITED ALLOY,
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 Jobs Agreement with UNITED ALLOY, INC. and
the TIF jobs incentives described above are hereby approved and authorized, according
to the terms and conditions set forth in the specific TIF Jobs Agreement; and
BE IT FURTHER RESOLVED that the Common Council hereby authorizes the Acting
City Manager and those he authorizes on his behalf to take whatever additional
reasonably necessary and/or desirable actions the Acting City Manager determines
appropriate to effectuate the project and the intent of this authorizing resolution.
Resolution No. 2023-2110
Page 2
ADOPTED: April 24, 2023 Motion by: Jackson
Second by: Williams
APPROVED: Councilmember Aye Nay Pass Absent
Benson X
" BurdickX
RyaC)r2 -CZ -)
' McCue, Deputy City Manager Jackson X
Marshick X
ATTEST: Miller X
ao X
AY W W illihams X
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
/ '-e-r/`f�
Wald Klimczyk, City Attorney
Proposed by: Economic Development Office
Prepared by: Economic Development Office