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Economic Development Packet 2012 03-06-12 CIT�- �` � United City of Yorkville R 800 Game Farm Road EST. 1836 Yorkville, Illinois 60560 Telephone: 630-553-4350 Fax: 630-553-7575 <LE AGENDA ECONOMIC DEVELOPMENT COMMITTEE MEETING Tuesday, March 6, 2012 7:00 p.m. City Hall Conference Room Citizen Comments: Minutes for Correction/Approval: January 3, 2012 New Business: 1. EDC 2012-06 Building Permit Report for January and February 2012 2. EDC 2012-07 Building Inspection Report Summary for January and February 2012 3. EDC 2012-08 Resolution Supporting the Kendall County Community Economic Development Plan Dated December 2011 4. EDC 2012-09 Land Cash Appraisal Update 5. EDC 2012-10 B.U.LL.D. Incentive Program Update 6. EDC 2012-11 Tuscan Plaza—Request for Release and Termination of TIF/Development Agreement Old Business: Additional Business: UNITED CITY OF YORKVILLE WORKSHEET ECONOMIC DEVELOPMENT COMMITTEE Tuesday, March 6, 2012 7:00 PM CITY HALL CONFERENCE ROOM --------------------------------------------------------------------------------------------------------------------------------------- CITIZEN COMMENTS: --------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------- MINUTES FOR APPROVAL: --------------------------------------------------------------------------------------------------------------------------------------- l. January 3, 2012 ❑ Approved ❑ As presented ❑ As amended --------------------------------------------------------------------------------------------------------------------------------------- NEW BUSINESS: --------------------------------------------------------------------------------------------------------------------------------------- 1. EDC 2012-06 Building Permit Report for January and February 2012 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 2. EDC 2012-07 Building Inspection Report Summary for January and February 2012 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 3. EDC 2012-08 Resolution Supporting the Kendall County Community Economic Development Plan Dated December 2011 ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 4. PC 2011-09 Land Cash Appraisal Update ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 5. EDC 2012-10 B.U.I.L.D. Incentive Program Update ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- 6. EDC 2012-11 Tuscan Plaza—Request for Release and Termination of TIF/Development Agreement ❑ Moved forward to CC consent agenda? Y N ❑ Approved by Committee ❑ Bring back to Committee ❑ Informational Item ❑ Notes --------------------------------------------------------------------------------------------------------------------------------------- ADDITIONAL BUSINESS: --------------------------------------------------------------------------------------------------------------------------------------- 0 CIP Reviewed By: Agenda Item Number J� 6 Legal ❑ Minutes EST. 1&36 Finance El Engineer ❑ Tracking Number Gy City Administrator El r� 9 _© Public Works ❑ Agenda Item Summary Memo Title: Minutes of the Economic Development Committee—January 3, 2012 Meeting and Date: EDC—March 6, 2012 Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Committee Approval Submitted by: Minute Taker Clerk's Office Name Department Agenda Item Notes: DRAFT UNITED CITY OF YORKVILLE ECONOMIC DEVELOPMENT COMMITTEE Tuesday,January 3, 2012 7:00pm City Conference Room In Attendance: Committee Members Chairman Marty Munns Alderman Jackie Milschewski Alderman Chris Funkhouser Alderman Diane Teeling Other City Officials Mayor Gary Golinski City Administrator Bart Olson Community Development Director Krysti Barksdale-Noble Code Official Mark Hardin Other Guests Lynn Dubajic, YEDC Deb Horaz, Parks and Rec Board committee member Mike Skinner, Zoning Board of Appeals committee member Dan Kramer, Attorney Robert Claesson Aladdin Nassar, Meadowbrook Homes The meeting was called to order by Chairman Marty Munns at 7:00pm. Citizen Comments: None Minutes for Correction/Approval November 1, 2011 The minutes were approved as read. New Business 1. EDC 2012-01 Building Permit Report for October, November&December 2011 No discussion. 2. EDC 2012-02 Building Inspection Report Summary for October, November& December 2011 No discussion. 3. EDC 2012-03 Land Cash Recommendation from Park Board Ms. Barksdale-Noble gave an overview of this item and said EDC had previously recommended hiring an appraiser to determine the current value of a 1-acre lot in the City. This recommendation was forwarded to the Park Board who in turn, requested the City not re-evaluate land cash at this time. This is because there are currently developer obligations that could affect the development of parks. 1 If the City does lower the value, the Park Board requests that developers be notified that only turf grass would be put into the parks and that incremental phasing of re-evaluation be done over 5 years. The Park Board is also concerned about developers who have not contributed to land cash or have parks. Alderman Funkhouser said he still wishes to move forward with re-appraisal in order to spur development and likes the idea of tiered phasing. Chairman Munns commented that the city cannot raise the value back to $101,000 in just 4 years. Administrator Olson added that the study can be done,but the City does not have to accept it. Under the Parks Master Plan,parks are not built until there is 80%build-out in the development, stated Mayor Golinski. He said the City must take a global view. It was noted the appraisal cost is less than $5,000 and will take about 30-60 days. The study results will be brought back to this committee when done and will require the City to adopt an ordinance to change the amount. 4. PC 2011-10 &ZBA 2011-02 312 Walter Street (Claesson) —Request for Rezoning& Variances to the R-2D District Ms. Barksdale-Noble said the Plan Commission had met to consider the rezoning for this petition and gave a favorable recommendation. Variances were also needed and the Zoning Board of Appeals met in November to evaluate them. There was a unanimous decision against the variance requests. Attorney Dan Kramer was present on behalf of the petitioner Robert Claesson. He said this is an older part of town and the first zoning ordinance was done in 1973. At that time, duplexes were inter-mingled with single-family homes and gradually, different types of housing were segregated due to land-planning. He said all the lots in this subdivision are the same size and bigger lots are now required for duplexes. Mr. Kramer said that very few duplex lots meet the new standards because most were done under PUD's. Alderman Milschewski asked how this single family home would be made into a duplex and Mr. Claesson explained his plans for the structure. He further stated that some of the homes on the street are in foreclosure and the duplexes are keeping the neighborhood going. Commenting on the ZBA and Plan Commission findings, Alderman Funkhouser said he agreed with their respective decisions. He said the question is: should the variances be granted on today's standards or based on what actually exists in the neighborhood now. Chairman Munns said the home fits into the area as a duplex and said it should be decided by a super-majority vote, while Alderman Teeling said it would present a density issue on that street. 2 ZBA Board member Mike Skinner explained the reasons behind the ZBA decision. He further stated the neighbors were opposed to approval of Mr. Claesson's petition. He said that if the Council approves the petition, the City would be allowing spot zoning and would be setting a precedent. Attorney Kramer presented 3 final points: 1. Objectors at a meeting are not a factor in making a decision 2. Alderman can take any reasonable line and the courts will not challenge 3. Consider the conundrum of the Plan Commission and Zoning Board of Appeals decisions. Mr. Kramer also asked the committee to look at the neighborhood at the time of platting and also at today's standard. He said this petition should not be judged by today's standards. Chairman Munns recommended moving this forward to allow the entire Council to consider and it will require a super-majority vote. It will move to the January 10th Council meeting. S. EDC 2012-04 Residential Building Permit Fees -Discussion Ms. Barksdale-Noble said this has been an ongoing discussion to explore ways to spur the economy. She said the City had been approached by a developer regarding a more comprehensive package to stimulate development. Talks with the developer relate to the 3 points this committee had already discussed: 1. Delay paying development fees until occupancy: This would go hand in hand with this committee's recommendation to lower the building fees. The negatives include the City having to front-fund costs of inspections, etc. It could also delay occupancy while verifying other agencies to be paid, YBSD, schools, etc. There could also be lag time between when a building is built and when occupancy occurs. A maximum time limit of a year should be imposed with this recommendation. 2. Building permit rebate program: The city would front-fund and would match the developer with a rebate being given to the new owner. The funding source would possibly come from connection or park fees. The time frame was also discussed. 3. Land cash donation: This was previously discussed and is part of the comprehensive package being brought forth to City Council. At this time, Ms. Barksdale-Noble introduced local developer Aladdin Nassar of Meadowbrook Homes who had contacted the City. Mr. Nassar said he and his family purchased 160 acres near Harris Forest Preserve for single-family homes and they also want to develop land on Rt. 34 and Cannonball. They are currently building semi-custom homes in Minooka with Minooka offering a $10,000 rebate at closing. Mr. Nassar said his company would ask for the $10,000 incentive for all builders in Yorkville. 3 Alderman Teeling asked about the details of the rebates in Minooka. $150,000 was set aside with a 2-year time limit. Mr. Nassar's company used the rebate on 29 of the 30 allowable homes. Anyone who obtained a building permit was eligible for the rebate. Due to the success, Minooka renewed the rebate program until April 2013 with no maximum on the number of homes. Mr.Nassar asked for a quick decision since they are making a $2 million purchase of Blackberry Woods. Mr. Olson said the City must decide if they want to waive water and sewer connections fees—the 2 largest fees. According to Ms. Dubajic, developers are competing with short sales and foreclosures. She said by encouraging growth, it would also help retain tenants of Kendall Marketplace. Mayor Golinski added that under Minooka's rebate program, there were 46 building permits in the Nassar's subdivision last year. It was recommended to start with rebates for 30 homes with water fee reductions first, followed by sewer, building permits and Public Works. Krysti also briefly addressed fee locks that will expire. Chairman Munns asked staff to formulate a recommendation for reduction of fees and bring it to City Council on January 10th 6 EDC 2012-05 Ordinance Renaming Wheaton Avenue to Boombah Boulevard Administrator Olson said this street was renamed as part of the incentive agreement and that it will take a couple weeks to obtain the street signs. The other businesses on the street have been notified and have no issues with this. This moves forward to the Council consent agenda. Old Business–none Additional Business Mayor Golinski thanked Ms. Barksdale-Noble and Mr. Hardin for their assistance with Follies and Cobblestone Bakery. Photos of the businesses will be placed on the City website. There was no further business and the meeting adjourned at 8:42pm. Minutes respectfully submitted by Marlys Young 4 Reviewed By: Agenda Item Number 4 ' �► Legal ❑ NB #1 Finance ❑ EST. -�` _ ti W36 Engineer ❑ �:--- g Tracking Number �! City Administrator ❑ t3 Consultant ❑ EDC 2012- LE Agenda Item Summary Memo Title: Building Permit Activity Report(January&February 2012) Meeting and Date: EDC—March 6, 2012 Synopsis: All permits issued in the months of January&February, 2012 Council Action Previously Taken: Date of Action: N/A Action Taken: N/A Item Number: N/A Type of Vote Required: Informational Council Action Requested: None Submitted by: D. Weinert Community Development Name Department Agenda Item Notes: UNITED CITY OF YORKVILLE ESE low BUILDING PERMIT REPORT January 2012 CE N Number of SFD SFA Multi- Family Commercial Industrial Misc Construction Permit Permits Single Family Single Family Apartments Includes all Permits Issued for Cost Fees Issued Dwelling Attached Condominiums Commercial Use January 2012 15 0 0 0 10 0 5 177,407.00 2,636.70 Calendar Year 15 0 0 0 10 0 5 177,407.00 2,636.70 2012 Fiscal Year 2012 445 38 0 0 114 0 293 13,979,125.00 411,061.42 January 2011 8 0 0 0 3 0 5 $42,111.00 $602.50 Calendar Year 8 0 0 0 3 0 5 $42,111.00 $602.50 2011 Fiscal Year 2011 446 27 6 0 90 0 323 $10,680,358.00 $390,843.26 January 2010 29 3 0 0 1 0 25 $904,875.00 $29,524.68 Calendar Year 29 3 0 0 1 0 25 $904,875.00 $29,524.68 2010 Fiscal Year 2010 446 49 8 0 109 0 280 $25,516,773.00 $390,993.26 January 2009 16 1 0 0 10 0 5 $549,450.00 $8,389.50 Calendar Year 16 1 0 0 10 0 5 $549,450.00 $8,389.50 2009 Fiscal Year 2009 583 75 38 0 170 0 300 $58,713,789.00 $1,426,771.36 Prepared by D Weinert UNITED CITY OF YORKVILLE ESE low BUILDING PERMIT REPORT February 2012 CE N Number of SFD SFA Multi- Family Commercial Industrial Misc. Construction Permit Permits Single Family Single Family Apartments Includes all Permits Issued for Cost Fees Issued Dwelling Attached Condominiums Commercial Use February 2012 7 0 0 0 3 0 4 19,731.00 544.70 Calendar Year 22 0 0 0 13 0 9 197,137.00 3,181.40 2012 Fiscal Year 2012 452 38 0 0 117 0 297 13,998,856.00 412,236.12 February 2011 11 0 0 0 6 0 5 29,451.00 822.00 Calendar Year 19 0 0 0 9 0 10 71.562.00 1,424.00 2011 Fiscal Year 2011 458 27 6 0 97 0 328 10,859,809.00 393,305.86 February 2010 17 4 0 0 9 0 4 1,221,270.00 35,745.47 Calendar Year 46 7 0 0 18 0 21 2,126,145.00 65,270.15 2010 Fiscal Year 2010 463 53 8 0 118 0 284 26,738,043.00 722,541.63 February 2009 20 0 0 0 10 0 10 405,594.00 8,974.00 Calendar Year 36 1 0 0 20 0 15 955,044.00 17,336.50 2009 Fiscal Year 2009 603 75 38 0 180 0 310 59,119,383.00 1,435,718.36 Prepared by D Weinert `fit] CfTy Reviewed By: �� ' �► Legal ❑ Agenda Item Number Finance ❑ NB #2 EST. -�` _ ti 1836 Engineer ❑ �! City Administrator ❑ Tracking Number ! t3 Consultant ❑ ❑ EDC 2012-07 ALE Agenda Item Summary Memo Title: Building Inspection Report Summary(January&February 2012) Meeting and Date: EDC—March 6, 2012 Synopsis: All inspections performed in the months of January& February 2012. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Council Action Requested: Submitted by: D. Weinert Community Development Name Department Agenda Item Notes: DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 1 TIME: 09:13:25 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 01/01/2012 TO 01/31/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ ! PR _ 003-FIN FINAL INSPECTION 20100332 1401 SEQUOIA CIR 41 01/31/2012 Commentsl: SHED RE 005-FIN FINAL INSPECTION 20100537 521 PARKSIDE LN 94 01/11/2012 RE 006-PLR PLUMBING - ROUGH 01/11/2012 MH ___ 040-FIN FINAL INSPECTION 20110015 1122 W VETERANS PKWY 01/06/2012 RE 041-PLF PLUMBING - FINAL 01/06/2012 BKF 042-FIN FINAL INSPECTION 01/06/2012 Commentsl: FIRE MARSHAL APPROVAL I RE _ 018-FIN FINAL INSPECTION 20110278 1262 TAUS CIR 120 01/13/2012 RE 019-PLR PLUMBING - ROUGH 01/13/2012 PWK 020-EFL ENGINEERING - FINAL INSPE 01/13/2012 PR _ 011-PLF PLUMBING - FINAL 20110330 202 WHEATON AVE 3 01/18/2012 RE 007-PLR PLUMBING - ROUGH 20110404 1102 CORNELL LN 01/12/2012 PR 006-REL ROUGH ELECTRICAL 01/17/2012 PR _ 009-REL ROUGH ELECTRICAL 01/18/2012 MH 011-REL ROUGH ELECTRICAL 20110458 2341 EMERALD LN 104 01/05/2012 MH _ 012-RMC ROUGH MECHANICAL 01/05/2012 MH _ 013-RFR ROUGH FRAMING 01/05/2012 RE 014-PLR PLUMBING - ROUGH 01/05/2012 RE _ 015-INS INSULATION 01/11/2012 RE _ 016-REI REINSPECTION 01/09/2012 Commentsl: ROUGH PLUMBING MH 016-EFL ENGINEERING - FINAL INSPE 20110471 2332 EMERALD LN 37 01/11/2012 Commentsl: Security guarantee 5,807.25 H2O 017-OSR WATER METER READER 01/06/2012 RE __ 019-FIN FINAL INSPECTION 01/10/2012 DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 2 TIME: 09:13:25 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 01/01/2012 TO 01/31/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ RE _ 020-PLF PLIIMBING - FINAL 01/10/2012 PR _ 012-FIN FINAL INSPECTION 20110474 608 WHITE OAK WAY 66 01/27/2012 PR 013-PLF PLIIMBING - FINAL 01/27/2012 PR 13:00 002-FIN FINAL INSPECTION 20110494 2274 CRYDER CT 438 01/30/2012 Commentsl: DECK H2O 016-OSR WATER METER READER 20110501 394 BERTRAM DR 1030 01/06/2012 MH _ 017-EFL ENGINEERING - FINAL INSPE 01/06/2012 MH _ 018-EFL ENGINEERING - FINAL INSPE 01/11/2012 Commentsl: SECURITY GUARANTEE $5,807.26 RE 008-PLF PLUMBING - FINAL 20110511 101 W VAN EMMON ST 01/04/2012 RE _ 012-GAR GARAGE FLOOR 20110512 1103 REDWOOD DR 48 01/10/2012 RE 013-STP STOOP 01/10/2012 RE _ 011-PLR PLUMBING - ROUGH 20110514 608 E VETERANS PKWY 1 01/04/2012 PR 012-REL ROUGH ELECTRICAL 01/20/2012 Commentsl: ABOVE CEILING PR _ __ 013-RMC ROUGH MECHANICAL 01/20/2012 Commentsl: ABOVE CEILING MH 037-REL ROUGH ELECTRICAL 20110518 735 ERICA LN STE 1B 01/05/2012 PR 09:00 011-FIN FINAL INSPECTION 20110526 1102 CORNELL LN 01/25/2012 PR 09:00 012-PLF PLUMBING - FINAL 01/25/2012 PR 10:00 009-FIN FINAL INSPECTION 20110542 202 WHEATON AVE 3 01/18/2012 ! MH 006-REL ROUGH ELECTRICAL 20110547 101 W VAN EMMON ST 01/03/2012 RE 007-PLF PLUMBING - FINAL 01/04/2012 RE 008-FIN FINAL INSPECTION 01/10/2012 MH 008-REL ROUGH ELECTRICAL 20110567 1332 CLEARWATER DR 252 01/03/2012 MH 009-RMC ROUGH MECHANICAL 01/03/2012 DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 3 TIME: 09:13:25 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 01/01/2012 TO 01/31/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ MH 010-RFR ROUGH FRAMING 01/03/2012 RE PM 011-PLR PLUMBING - ROUGH 01/03/2012 MH _ PM 012-INS INSULATION 01/09/2012 PR 013-BSM BASEMENT FLOOR 01/24/2012 I PR _ 014-STP STOOP 01/24/2012 MH ___ 006-BSM BASEMENT FLOOR 20110570 2348 EMERALD LN 34 01/05/2012 MH 007-GAR GARAGE FLOOR 01/05/2012 -- MH 008-STP STOOP 01/05/2012 RE _ 009-PLR PLUMBING - ROUGH 01/09/2012 MH ___ 010-RFR ROUGH FRAMING 01/09/2012 MH 011-REL ROUGH ELECTRICAL 01/09/2012 MH 012-RMC ROUGH MECHANICAL 01/09/2012 RE 013-INS INSULATION 01/11/2012 PR 001-FIN FINAL INSPECTION 20110588 217-219 S BRIDGE ST 01/17/2012 Commentsl: SIGN PR ___ 001-FIN FINAL INSPECTION 20110592 1687 N CANNONBALL TR 01/20/2012 Commentsl: WINDOWS RE 001-RFR ROUGH FRAMING 20110597 1076 HOMESTEAD DR 36 01/11/2012 RE 002-REL ROUGH ELECTRICAL 01/11/2012 RE _ 003-PLR PLUMBING - ROUGH 01/11/2012 PR 004-INS INSULATION 01/17/2012 PR 001-PLR PLUMBING - ROUGH 20110603 1342 MARKETPLACE DR 4 01/18/2012 Commentsl: STACK TEST PR _ AM 002-PLR PLUMBING - ROUGH 01/25/2012 Commentsl: FIRST & SECOND FLOOR STACK TEST I DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 4 TIME: 09:13:25 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 01/01/2012 TO 01/31/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ PERMIT TYPE SUMMARY: ADD ADDITION 6 BDO COMMERCIAL BUILD-OUT 3 BSM BASEMENT REMODEL 6 COM COMMERCIAL BUILDING 3 CRM COMMERCIAL REMODEL 8 DCK DECK 1 ESN ELECTRIC SIGN 1 REM REMODEL 2 SFD SINGLE-FAMILY DETACHED 33 SHD SHED 1 WIN WINDOW REPLACEMENT 1 INSPECTION SUMMARY: BSM BASEMENT FLOOR 2 EFL ENGINEERING - FINAL INSPECTION 4 FIN FINAL INSPECTION 13 GAR GARAGE FLOOR 2 INS INSULATION 4 OSR WATER METER READER 2 PLF PLUMBING - FINAL 7 PLR PLUMBING - ROUGH 10 REI REINSPECTION 1 REL ROUGH ELECTRICAL 9 RFR ROUGH FRAMING 4 RMC ROUGH MECHANICAL 4 STP STOOP 3 INSPECTOR SUMMARY: BKF BRISTOL KENDALL FIRE DEPT 1 H2O WATER DEPT 2 MH MARK HARDIN 19 PR PETER RATOS 19 PWK PUBLIC WORKS 1 RE RANDY ERICKSON 23 STATUS SUMMARY: C BKF 1 C MH 1 C PR 10 C RE 2 I H2O 1 I MH 17 I PR 9 I RE 15 T H2O 1 T MH 1 T PWK 1 T RE 6 REPORT SUMMARY: 65 DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 1 TIME: 09:14:36 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 02/01/2012 TO 02/29/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE PR 10:00 007-FIN-FINAL-INSPECTION 20100043-1869-COLUMBINE-DR 72 02/02/2012 PR 10:00 008-PLF PLUMBING - FINAL 02/02/2012 PR 10:00 001-RFR ROUGH FRAMING 20110056 608 RED TAIL CT 27 02/01/2012 PR 10:00 002-REL ROUGH ELECTRICAL 02/01/2012 PWK _ 017-EFL ENGINEERING - FINAL INSPE 20110458 2341 EMERALD LN 104 02/15/2012 Commentsl: BBOX OPERABLE, TEMPORARY SEC GUAR $4, 675 Comments2: .50 H2O _—_ 018-OSR WATER METER READER 02/15/2012 PR AM 014-FIN FINAL INSPECTION 20110480 1101 KATE DR 36 02/15/2012 PR AM 015-PLF PLUMBING - FINAL 02/15/2012 PWK _ 016-EFL ENGINEERING - FINAL INSPE 02/21/2012 Commentsl: BBOX OPERABLE, SEC GUARANTEE PAID CHK 22 Comments2: 33; 2-22-12 I PR AM 014-FIN FINAL INSPECTION 20110512 1103 REDWOOD DR 48 02/23/2012 PR AM 015-PLF PLUMBING - FINAL 02/23/2012 PWK 016-EFL ENGINEERING - FINAL INSPE 02/23/2012 Commentsl: SEC GUARANTEE PAID CHIK 2233; 2-22-12 BB Comments2: OX OPERABLE PR 08:30 014-FIN FINAL INSPECTION 20110514 608 E VETERANS PKWY 1 02/17/2012 PR 015-PLF PLUMBING - FINAL 02/20/2012 I PR PM 006-FIN FINAL INSPECTION 20110569 2003 PRAIRIE ROSE LN 93 02/15/2012 PR 007-PLF PLUMBING - FINAL 12/15/2012 j PWK 014-EFL ENGINEERING - FINAL INSPE 20110570 2348 EMERALD LN 34 02/15/2012 Commentsl: BBOX OPERABLE TEMP SEC GUAR $4,675.50 H2O 015-OSR WATER METER READER 02/15/2012 PR 016-FIN FINAL INSPECTION 02/21/2012 PR 017-PLF PLUMBING - FINAL 02/21/2012 PR __ PM 001-RFR ROUGH FRAMING 20110573 312 WALTER ST 9 02/22/2012 DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 2 TIME: 09:14:36 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 02/01/2012 TO 02/29/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ PR AM 001-FIN FINAL INSPECTION 20110589 1155 N BRIDGE ST 02/10/2012 Commentsl: ELECTRICAL SIGN PR 003-PLR PLUMBING - ROUGH 20110603 1342 MARKETPLACE DR 4 02/06/2012 PR AM 004-REL ROUGH ELECTRICAL 02/15/2012 PR 005-RFR ROUGH FRAMING 02/15/2012 PR _ 006-RMC ROUGH MECHANICAL 02/15/2012 PR 007-REL ROUGH ELECTRICAL 02/10/2012 Commentsl: 4213, 4214, 4222, 4224 PR 008-RFR ROUGH FRAMING 02/10/2012 PR 009-RMC ROUGH MECHANICAL 02/10/2012 PR AM 010-PLR PLUMBING - ROUGH 02/15/2012 PR _ AM 011-RMC ROUGH MECHANICAL 02/15/2012 PR _ AM 012-REL ROUGH ELECTRICAL 02/15/2012 PR AM 013-PLR PLUMBING - ROUGH 02/21/2012 PR ____ AM 014-RMC ROUGH MECHANICAL 02/21/2012 PR 015-RFR ROUGH FRAMING 02/21/2012 PR 016-REL ROUGH ELECTRICAL _ 02/21/2012 PR AM 017-RFR ROUGH FRAMING 02/23/2012 PR _ AM 018-REL ROUGH ELECTRICAL 02/23/2012 PR AM 019-PLR PLUMBING - ROUGH 02/23/2012 PR _ 020-RMC ROUGH MECHANICAL 02/23/2012 I PR _ AM 021-FIN FINAL INSPECTION 02/29/2012 Commentsl: UNITS 4213, 4214, 4223, 4224 PR 023-PLF PLUMBING - FINAL 02/29/2012 PR PM 001-PLR PLUMBING - ROUGH 20120002 1994 BANBURY AVE 31 02/02/2012 PR PM 002-RFR ROUGH FRAMING 02/02/2012 DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 3 TIME: 09:14:36 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 02/01/2012 TO 02/29/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ PR PM 003-REL ROUGH ELECTRICAL — PM 02/02/2012 PR PM 004-RMC ROUGH MECHANICAL 02/02/2012 PR _ AM 005-INS INSULATION 02/06/2012 PR 11:00 001-FIN FINAL INSPECTION 20120009 611 RED TAIL CT 34 02/03/2012 Commentsl: REPLACEMENT WINDOWS PR _ AM 001-RFR ROUGH FRAMING 20120011 604 W VETERANS PKWY 02/22/2012 PR 002-REL ROUGH ELECTRICAL 02/22/2012 PR _ 003-INS INSULATION 02/22/2012 PR _ 001-FIN FINAL INSPECTION 20120014 1901 S BRIDGE ST 02/03/2012 PR _ AM 001-RFR ROUGH FRAMING 20120029 1423 CANNONBALL TR 02/28/2012 Commentsl: HOOKAH LOUNGECLOSE UP DOOR DATE: 03/02/2012 UNITED CITY OF YORKVILLE PAGE: 4 TIME: 09:14:36 CALLS FOR INSPECTION REPORT ID: PT4A000O.WOW INSPECTIONS SCHEDULED FROM 02/01/2012 TO 02/29/2012 INSPECTOR SCHED. COMP. TIME TYPE OF INSPECTION PERMIT ADDRESS LOT DATE DATE ------------------------------------------------------------------------------------------------------------------------------------ PERMIT TYPE SUMMARY: ADD ADDITION 3 BSM BASEMENT REMODEL 11 CCO COMMERCIAL OCCUPANCY PERMIT 1 CRM COMMERCIAL REMODEL 23 ESN ELECTRIC SIGN 1 MIS MISCELLANEOUS 1 SFD SINGLE-FAMILY DETACHED 12 WIN WINDOW REPLACEMENT 1 I INSPECTION SUMMARY: EFL ENGINEERING - FINAL INSPECTION 4 FIN FINAL INSPECTION 10 INS INSULATION 2 OSR WATER METER READER 2 PLF PLUMBING - FINAL 7 PLR PLUMBING - ROUGH 5 REL ROUGH ELECTRICAL 8 RFR ROUGH FRAMING 9 RMC ROUGH MECHANICAL 6 INSPECTOR SUMMARY: H2O WATER DEPT 2 PR PETER RATOS 47 PWK PUBLIC WORKS 4 STATUS SUMMARY: C PR 8 I H2O 2 I PR 35 I PWK 2 T PR 4 T PWK 2 REPORT SUMMARY: 53 Reviewed By: Agenda Item Number 606 Legal ❑ NB #3 Finance ❑ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number m Human Resources F-1 C�"Sad `=Q Community Development ❑❑ EDC 2012-08 Police ALE ��' Public Works ❑ Agenda Item Summary Memo Title: Resolution Supporting Kendall Co. Community Economic Development Plan Meeting and Date: EDC—March 6, 2012 Synopsis: Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Majority Council Action Requested: Submitted by: Bart Olson Administration Name Department Agenda Item Notes: rcC? coY o t�NDr ' KENDALL COUNTY BOARD 111 West Fos Street FEBRUAR:- = Yorkville, Illinois 60560-1498 (630) 553-4171 FAX (630) 553-4214 United City of Yorkville January 13,2012 Attn:Honorable Gary Golinksi,Mayor 800 Game Farm Road Yorkville,IL 60560 Dear Mayor Golinksi: Over the past several months,the Kendall County Economic Development Committee has been diligently working on the establishment of the first ever Kendall County Community Economic Development Plan.We are proud to announce this plan was adopted by the County Board in December of 2011.The Plan comes as a response to a 2010 county-wide community survey conducted by the Kendall County Regional Plan Commission.The results indicated that one of the most prevalent issues facing the County is the lack of employment options within the community. The Plan, which began in May of 2011, could not have been developed without the help of the most essential pieces of the economic community—the local business leaders.Two business roundtable discussions--one in May and one in October—were held to listen and hear from these individuals on the pros and cons of doing business within the County and furthermore,what can be done to improve the existing business atmosphere. From this,a SWOT Analysis—which focuses on the County's strengths,weaknesses, opportunities and threats —was used as a foundation for laying the framework of a strategic implementation plan. This plan,however, cannot be accomplished alone. Only through partnerships and relationship building can the entire community truly enjoy economic stability.The strategies to accomplish our goals involve the support of the communities,school districts, and other not-for profit organizations.Through this joint venture, we can all benefit from the success of our enhanced community. At this time,we are seeking your endorsement of this plan and ask for you to share with the City Council our goals and strategies to improve the economic situation of the community. Included in this mailing is resolution supporting the Kendall County Community Economic Development Plan for review by your Council. If approved,we ask that you please share with us your commitment to assist us by sending a copy of the signed resolution.Please visit http://www.co.kendall.il.us/county_administration teconomic_development.htm to view the completed flan,as well as a PowerPoint presentation of the Plan. Should you have any questions,please do not hesitate to contact the Economic Development Department at (630) 385-3000 or at kendalledc(a)co.kendall.il.us. Our staff would also be willing to present the plan at a future City Council meeting if that would be helpful. We look forward to hearing from you and hope that together we can help build upon an already outstanding community within Kendall County. Sincerely, an LK(ou WChairnrin Kendall County Economic Development Committee Enclosure Cc: Bart Olson, City Administrator -"..ice laa�. ■ra■ ,, :01STR I B L YTI ON r E WrE . 'ELEbAMAIN FiO&D a z, r ' 1 EVE MC_`s. " �e 2maD NinrLhi=F6asuLe 47 - i r ZOlO Conduct`\7 County- Public Economic Development Plan Process wide Survey Hearing 1 etermin Curren County Economic Board L sues Approval Identify I<ey Condu Demographic Business Indicators oundtable Develo ment A"w ,.f'r Plan 0211 Purpose and Focus Regional Context Demographic Profile Regional & Local Pill , Efforts SWOT Analysis Economic Vision & Goals Strategic Initiatives Implementation Work Ell n 1 Purpose an1 Focus 201O County-wide Survey Results R Lack of employment options a large issue Lon commute outside the County to jobs Long .� High unemployment Rate Proposed solutions Develop a 5-year Economic Development Plan Focus on the Kendall Community as a whole, with emphasis on non-retail development Provide support to existing local Economic Development efforts on a regional level Regional Context • Key components within Kendall County area • I-8o Corridor • Rail Service .: • Burlington Northern Santa Fe • Illinois Railnet • Elgin Joliet & Eastern g • Inland Terminal Ports q - • BNSF Logistics Park - Elwood, IL • Union Pacific Global IV - Joliet, IL • Airports • Aurora Municipal Airport - Sugar Grove, IL • Morris Airport - Morris, IL • The Fox River Chicogra - r r €Igin may,[• ... -. _.-- _- - 4 - - St Charles Aeko76 Geneva , - Batavla , Auror¢ KaNopervNe Kandy Fkyrlerrd Paird \, &warn Park - oMQ4m UR Bo77nglrrook UROHi4- -Him r M QNTG O M E RY lf&WWPark Yarkyft —-- \ C Basrnass Ce d. a q Kane.• �_ r . RSWG17 �\PCa7nJ7e7d _ua n� u n a x w nyn — PL'AI'FIELD �✓ 6 ly _ !nrn r r « p F,,IndushiN ..as<n:f •\�q4 sa rtANO Joliet gym— - Pekj -Gir Op{0r - - ��_ `sANflWICN 6-�� '� ,?r, \ Si+o rewaad � r�•H°skw' �pk'"o�,g� �4Pro1S�c ,,,�-- ;-.-..- _— �v �v \�` Mli�p m San".. s MIL 8900K,� MINGO •\`. MILLING MN 5ccl'� — t. g"a�'.:Y• :.. � LISBON t NEWARK r G „� �d�ti..�punnv •i � ' f<e�a►n�V KENDALL COUNTY ECONOMIC DEVELOPMENT Phone:630.385.300d E-mail.kendoPEOC @co.kendoll.d.us 1 1V Prepared by Teska Associates,Inc.M 1 Not to stole AU&UV 201I Demographic • Data provided by 2000 & 2olo Decennial Census, the 2009 American Community Survey, and 2007 Economic Census • Demographic analysis is used as constructive criticism rather than rating scale • Comparative analysis of Kendall County with neighboring Counties • High unemployment Rate ECONOMIC Demographic Indicators include... • Population - fastest growing County CENSUS • Education - best educated workforce vs. neighbors 2 0 0 7 • Employment - social services, retail, manufacturing, professional • Drive time commute - 30 minutes EMI AMERICAN r a9 COMMUNITY • Household income - $87,000 avg. SURVEY • Workforce - significant professional growth . pp- Regional & Local Economic Efforts Economic Development in Local Economic Development other Counties Corporations Will County PLANO �RGANq€p T _ ��` CENTER for ECONOMIC 1 4"f6 yg36 'I DEVELOPMENT DEVELOPMENT MONTGOMERY ; CORPORATION f "' � ECONOMIC DEVELOPMENT CORPORATION '�'•� �" R--RPM WELOPME11 I DW1 YE DC ...... .... 77 J Yorkville EDC CCEDC 1 , Village of T�� swe o D E K A L B - C O U N T Y Economic Development Corporation y y SWOTAnalysis Determine Kendall County's Strengths, Weaknesses, Opportunities and Threats Core Areas of Focus �- Location STRENGTMS WEAKNESSES Infrastructure lExplolt Environmental Resources ' ' • � R Human Capital/Workforce Government Economy Quality of Life Strengths Close proximity to Chicago, I-8o, I-88, Aurora Municipal Airfield, Morris Airport, & Joliet Intermodal Inland Port Freight Rail Fox River Corridor l k Good labor supply within County High Education levels - Revolvin g g Loan Program and Tax Aba es Strong Relationship with Local Economic Development Corporations Route 34/Ogden Corridor Numerous outdoor recreational activities Funding for County Road Improvements Weaknesses � Longer Commute to and from Chicago than other collar counties Limited direct interstate access No access to Lake Michigan water Loss of manufacturing jobs to surrounding areas High state corporate tax rates ,, -- Unemployment rate around io% f Opportunities * Ways to reduce overall congestion in area Increase rail service • Prairie Park-way • Water conservation and use of surface water • Focus on key transportation corridors for job growth Job training programs Changes in state legislation for additional economic incentives "W .44@M OPPORTUFM PEr Improved utilities TYM*- RPORTUXI Promote tourism law \1 Threats ' Preservation of Historic Downtown Areas • Increasing number of major companies leaving Illinois Lack of state leadership on economic development Reduction of funding for job training � Depletion of deep water aquifers State and Federal funding of major infrastructure improvements Increase in gas prices creating increase in travel costs Economic Vit ► Goals L &-- I Kendall County will become an economically diverse, self-sustaining, and regionally integrated home to an ever expanding employment base. Goals Provide local jobs for local residents � Expand access to good paying jobs Support major employers Exploit a strong entrepreneurial base Progress through partnerships Strategic • Promote Tourism & Events • Local link to movies (Superman, Eagle Eye, Road to Perdition) • Tours (movie tours, nature tours, historical tours) • Enhance downtowns • Events (County Fair, Sandwich Fair, Hometown Days, Prairie Fest) Conventions, Banquets, and Meetings • Promotion of recreation ` • Potential scenic train ride " An Df STEEL. 1 3UTj P Strategic • Improve Existing Technology & Infrastructure • Evaluate existing utilities • Implement a transportation plan focused on economic development • Broadband/Fiber Optic Expansion -- PLANES trains _ heanduampartaa 1 . Strategic • Encourage Expansion of Higher Education Facilities • Workforce Development Work with local community colleges to provide job and skill training programs 0 Waubonsee Community College rl Joliet Junior College • Expanding Local Access to Higher Education Assist local colleges with long range plans of expansion Northern Illinois University, DePaul, Roosevelt University, etc. InJOLIET 111,�00) JUNIOR COLLEGE -1901- �i Strategic Initiatives cont'd • Strengthen relationships with local economic development corporations and local businesses • Job Fairs Establish county-wide job fairs using local EDCs and businesses as a resource • Meetings and Events Hold quarterly coordinating meetings between County economic development professionals to coordinate efforts and share successes Conduct annual or semi-annual roundtable discussions for businesses and local EDCs Strategic ti • Improve the promotion and marketing of County Economic Development efforts • Web Site Develop easy to navigate website for businesses and the public Utilize `Quick Response' Codes for links to special webpages • Brochures Simple, short and informative marketing materials are important to quickly tell the story of the County's many economic development assets and opportunities • Trade Shows Attend economic trade shows and conventions such as AIRE (Association of Industrial Real r Estate Brokers) and Midwest Small Business Expo • • Target Key Industry Clusters • Logistics The I-8o Corridor is an ideal area to attract additional distribution and logistics operations • Manufacturing Use same factors that attracted such current businesses as Menards, Plano Molding and Caterpillar to attract additional manufacturing facilities • Professional Services Promotion of entrepreneurship Attract banks, engineers and architects, and other professional service firms to locate in Kendall County • Healthcare Access to quality health care is critical to maintaining a high quality of life in Kendall County • Green Technology • Data Centers pp- Implementation Work Plan -J L- - - -A i • Level I Priorities Plan Endorsement by municipalities, local EDCs, School Districts, and Townships Creation and Implementation of Transportation Plan Develop Website Access to Fiber Optic Services Create brochures Tradeshows Business Survey job Fair Evaluate Appropriate Economic Development Structure j - - Economic Development 38 9A ' a)tight Road -'" Industrial Areas a to Industrial Park 3g KENDALL COUNTY Center 7)Yorkville - AuRORA',= � ® eMSine55 MONTGOMERY L ,— 7 0, CATERPILLAR- a)Kendall - 2011 - 7 8 Point Z http://www.co.kenciall.il.us _ r 2)Highland = _ # _ Business Center'- +. 0 0.5 1 2 3 4 V71 CsSWFG0 wuI Miles Sandwich 1 s gewlr Industrial Park S M 34 —� _� .. Kendall Farms IN Industrial 1 ,one 1 1 Park - S WICHw � �p MTR Ak K ............... I .1d 6)Stone Hill a(Il \Ush-Copley Industrial Park a .,.,.�.. „� s,...,,. c YORKVILLE J Plain. Legend R �.•• al r d R � .�' .......� a....a e:-..nn eY°' I °A q h R se�s a r.m,e�mu,nnc.imn Avalable Builtlnq Spaca it 1 Iw.� Ava L&.Ladd MILLBKOOYf' LAINFIELO O -a n....,.. 4 ; iZ momma xwinn.wrn n Ln 3 w -e' 1)Fox 1 Industrial Park � 19 a nen gyp•' Z 2 19 rl 1 . r Lei Ln �uea ,a f N $ . . . _ 11 Fax Industrial Park-50AC 5)Minocka Ridge-109 AC nI -____ __ ..._. --...... MILL'NGON s.Rd Propos d Prairie P kway r LIET 2)Highland Business 6)Stone Hill Industrial NEWA a ----- Center-37 AC Park-135 AC V n PLATPfILLE zi a blear Wp•a• yg 8 _ T 4 3}Kendall Point-250 AC 7}Yorkville Business = Center-115 AC m TadtanA4 ---_------ __- pgll Rd - 5)Mlnooka ._ = S Ridge a - � P neMallc Y mm�k oereloa�nenx • - MINO .�u-aas.saos N :u$anN � 98 *m�j Y��'.� kaneaneAc®co.MenEelldl.ua s ' K •..* i ,r n 4)Light Road Industrial - Park-15 Ken daffedrgm.kendd,(J.us Ston eh X In dustrial Pa www-ro-kendzdLT-us Ston eh ill Busi"ess Center Municipali-, y: Village of Dsweg Neares- Major Intersection: Illinois Route 71 & Illinois Route 34 H c)m e o` STONEMILL KR&G Excavating LPS PavenTent Company Dreyer Medical Available Building Space: Lot Unk PIN Address AcreS/ft2 Contact Name Contact Ph-one 19 1 03-16-302-001 19 Stonehill Road 3%000 ft2 630-890-4812 14 1 03-16-302-007 24 Stonehill Road 8,ODO ft2 galley Chicago Commercial 630-540-3722 2 2 03-16-352-002 34 Stonehill Road 6,000 ft2 947-514-7217 11 9 C will 23- lk RIO Implementation Work Plan cont'd • Level II Priorities • Promote Recreation � • Quarterly/ Annual Meetings • Workforce Development • Legislative Initiatives • Promote Local Events • Improve Utilities Implementation Work Plan cont'd • Level III Priorities • Promote link to local movies • Downtown Improvements • Expand Higher Education Access • Tour Promotions • Support area Entrepreneurship Programs What did we miss? Target Industries? Action Items Priorities? Discussion and Public Comment f , PP hank you '. To view the plan in its entirety, please visit.. .. http:ilwww.co.kendall.il.us/county administradoWeconomic developmentAtm Kendall County Economic Development I t Fox Street, Room 316 orkw000e, IL 630-385.3000 k+endalle .ken ILILU CATERPIL�LpRR '� Customer S-- � r� Buildings G� &H _ _Parking Lot 3-Gate 10 - F Aurora Logistics Center T Buildings B&K ME Parking Low Getas 77&I Main Main L06h0 Visitor Parking secarit Will • fetl &g MENARDS - DISTRIBUTION .k CENTER 2611-2659 ELDAMAIN ROAD WAUlip-�'V M III'N ITY COLLLGI' WAUBONSEE ` ® _ COMMUNITY COLLEGE WRIGLEY 2800 North Route 47 Noah LL Economic I 4�u r .. I TABLE OF CONTENTS -TABLE OF CONTENTS- Introduction - - - - - - - - - 1 Purpose and Focus - - - - - - - - - 1 Regional Context - - - - - - - - - 3 Planning Process - - - - - - - - - 7 Kendall County Today - - - - - - - 9 Demographic Profile - - - - - - - - - 9 Regional & Local Economic Development Efforts - - - - - 37 SWOT Analysis - - - - - - - - - 43 Economic Vision and Goals- - - - - - - 51 Strategic Initiatives - - - - - - - - 53 Implementation Work Plan - - - - - - 59 Appendix - - - - - - - - - - 69 Competitive Funding Sources Kendall County Industrial Sites Map Kendall County Future Land Use Plan December 2011 Kendall County Illinois a gli=q, I ,Q INTRODUCTION -INTRODUCTION- Purpose and Focus... Over the past decade the Kendall County community has experienced dramatic changes. Considered to be the fastest growing county in the nation, Kendall County's population has more than doubled since the 2000 census. Although the County has flourished with such an exponential number of residents, the shift in business and workforce has impacted County residents. A 2010 county-wide survey of residents performed during the summer of zoo by the County's Regional Plan Commission indicates that one of the most prevalent issues facing both the County and its residents is the lack of employment options. Much of the County finds itself needing to commute outside the borders of Kendall for employment adding a significant amount of traffic to the region's already congested roadway system. The lack of commuter rail service in the county heightens this problem. At the regional level, this problem is of great concern because of an overall underperformance of workforce and business investment compared to other highly competitive metropolitan areas. These problems must not be ignored or put off until a later time. Instead, a jump start of the County's economy is needed by establishing and implementing a County-wide Economic Development Plan. Through partnership and working together with local Economic Development corporations such as Sandwich, Plano, Yorkville, Montgomery, and Oswego, the community of Kendall has made an effort to be a catalyst in the revival of the economy. This plan analyzes key demographic indicators that define how the County exists today. It reviews what other Counties in the immediate area are currently engaged in to help promote economic development to determine what aspects Kendall County can replicate. By comparing itself to neighboring Counties such as Kane, Will, DeKalb, Grundy and LaSalle, Kendall County can better position itself to be a competitor in the region for business attraction. The Plan must also focus on what is happening right now to help economic activity flourish within the County. Understanding the current efforts of local economic development corporations such as Sandwich, Plano, Yorkville, Montgomery as well as the Oswego Economic Development Department gives the plan a foundation to build upon. December 2011 Kendall County I Illinois M INTRODUCTION Regional Context... 711, Aside from gathering and understanding important demographic information of the County, it is critical to step back and look at the bigger picture, specifically how Kendall County fares in the geographic area. It's hard to ignore some of the assets that are possessed by other counties because these can also prove to be essential to securing Kendall County's place in the economic development landscape. With unique geographic characteristics throughout the region, Kendall County has distinctive advantages in every direction. I-80 Corridor In the southern region of the County, I-8o runs through the Village of Minooka providing a major transportation corridor that can accommodate traffic from Chicago and from the east to the west coast. With an interchange at Ridge Road, a four lane County road, I-8o creates ideal locations for logistics companies looking for quick and easy access onto the expressway.A nearby interchange in neighboring Grundy County located at Brisbin Road will also prove beneficial for improving roadway transportation for companies looking to locate in the middle and southern end of the County. The 1-8o/Route 47 interchange just south of the County in Morris already serves major distribution facilities for Costco and Kraft Foods. I- 8o is an important expressway because of its frequent interchanges with other major expressways including 1-55, 1-355, 1-57, 1-294, and 1-94 to the east in nearby Will County as well as 1-39 to the west in LaSalle County. Rail Service Kendall County contains two important rail systems. The Burlington Northern Santa Fe rail line extends from Chicago's Union Station all the way west towards Texas, New Mexico, Arizona and California. Located on the northern end of the County, BNSF primarily provides freight services. The line also provides, however, both Amtrak and Metra train services.The Village of Plano contains an Amtrak station with daily service from the Ilinois Zephyr Route. December 2011 Kendall County I Illinois �u - INTRODUCTION Residents from within and outside of Kendall County can use the Plano Amtrak service for transportation to the east to Chicago or west to Quincy, Illinois. Those looking to travel to California can do so by way of the California Zephyr to San Francisco or Southwest Chief to Los Angeles by boarding at the nearby Naperville Amtrak Station. The City of Aurora, which is partially located in Kendall County, is the nearest Metra stop for residents making frequent commutes to and from Chicago. The Illinois Railnet, also known as the Illinois Railway, operates on a former Burlington Northern and Sante Fe line from Eola, IL (north of Aurora) down to Streator, IL. The rail enters the county in Montgomery and travels along the south side of the Fox River passing through the downtown districts of Oswego, Yorkville, Millbrook, and Millington. The service line makes trips daily with a primary freight of silica sand. Several businesses are served by this line including U.S. Silica, Fairmount Minerals, Techni Sand, James Hardie, Watco Reload, ADM, Behr Iron & Minerals, and Unimin Corp. The well known Elgin, Joliet and Eastern Line, or the EJ&E, is located just over a mile east of the county line. The EJ&E is a class II railroad owned by Canadian National Railway used to transport freight to large cities within the Chicagoland area from Waukegan all the way into Gary, Indiana. The EJ& E line enters the County in Minooka. Inland Terminal Port Located approximately four miles west from the county line are two important intermodal facilities that transfer containerized goods from truck to rail. The BNSF Logistics park, is located in nearby Elwood within neighboring Will County. The facility, which opened in 2002, consists of a total of 2,50o acres with 77o acres dedicated to intermodal terminals. Some of the major tenants of the facility are BNSF, Maersk Sealand, George Pacific, Wal-Mart, and Bissell. A noteworthy aspect is that the entire park is located in a Free Trade Zone as well as an Enterprise Zone. The Union Pacific Global IV in Joliet is located five miles south of I-8o consists of 3,60o acres with 785 acres dedicated to intermodal terminals. The facility offers both domestic and international intermodal service. Airports Aside from O'Hare International Airport and Midway Airport, both located around 40 miles from the County, Kendall County is conveniently situated between two additional public airports; the Aurora Municipal Airport and Morris Municipal Airport. Aurora Municipal Airport (ARR), located in Sugar Grove, is owned and operated by the City of Aurora and is roughly 3.5 miles from the county to the north. The Aurora Municipal Airport is open, manned, and operated 24-hours a day averaging 450 flights daily and is the only airport in the Chicagoland area to have direct access from the tollway. Some large industries who utilize the airport include ConAgra Foods, Nestle, Office Max, and Meijer. December 2011 Kendall County I Illinois INTRODUCTION Considered a reliever airport because of its close proximity to the Class B airspace for O'Hare International Airport, the Aurora Municipal Airport consists of three runways: A primary concrete runway of 6,5oo' long, a secondary concrete runway of 5,5oo' long, and a 3,200' long bituminous runway. The two smaller runways are used to facilitate traffic during peak times. The airport contains two precision instrument landing systems (ILS)for added safety. Having two of these advance landing systems is rare for a non-airline service airport. The Morris Municipal Airport is one mile south of the County along Route 47 and consists of a 5,000' runway. The Fox River Perhaps one of Kendall County's most attractive and pristine features is the Fox River. As a tributary of the Illinois River, the Fox River, considered to be a navigable waterway by the U.S. Army Corp of Engineers, originates in Menomonee Falls, WI and stretches for zoz miles before joining the Illinois River in Ottawa, IL. Those communities located along the Fox River in Illinois are considered to be part of the "Fox Valley" with a total estimated population of 1 million. The Fox River runs right through the heart of Kendall County, entering the County near the Village of Montgomery before exiting near the Village of Millington while passing through Oswego, Yorkville and Millbrook along the way. December 2011 Kendall County I Illinois III C h i c a g o Po Elgin 41 Miles to Chicago via 88 a 91 a St.Charles Dekalb • „ 47 Geneva `.el o den Ave © ..�� Batavia Aurora 34 Naperville Kendall Highland 25 Point Business Park - Bolingbrook 56 31 AUROR Reliever Airport 0 A Stone Hill © 59 � °�� 30 Industrial Park MONTGOMERY cat Iillar Wo 30 30 a *$ 3o p+R des P/aines � Yorkville 9 Fox Ben olf Club oW $Loa R"e n t Business Center 9A °�° Collins Rd 26 e =° 10 Si 4 i K a nom: OSWEGO 22 a on ' • 13 Blackberry Golf Club -"' Din e d •eld S i Sears a Wrigley Cherr Rd `(� n� day wood 9 Ro Manufacturing Company n �h PLAINFIFLD O . ♦ Menards anon 30 —� � Kendall County Fox Industrial Resery 16 9°- •`CO / 59 C — 12 Distribution Center ,p ' Mi Rd • 7 Government GOmplex Park 24 on ® •�4/� `Y`. O Smith Rd Rush Copley Rushrcopley Hospital Dung 126 ♦1` C °o - P LA N O Emergency Center ickerill-Pi ott P,6 Kendall County 9 d �� z d 9 �y Office Building Whitetail Ridge Golf Club Wheeler R 52 • sed ewick Rd° oti e�F _ o Sandwich Fr d Rd 5 HaeRd v rR YORKVILLE �s Walker Rd _ Industrial Park 6 , r old S ri s d Ceda4dell'GOIf Club �� ° Harris Arr1ent Rd Cp{es Ln JOLI ET e - , Fax Rd 1 Willion/{ n R YisW Marar{3ech • Le9 rn Plano Molding'Co. ♦ SANDWICH urr0akRd �d ooO � Shorewood Valley West d Hospital •uon Rd Net d Rd 23 V n D k R a.\� Bu d • 3 47 Rd Baker ✓ 9 ♦a _ p\SR o Caton Farm Rd woods ° g o°aP ,Minooka Ridge Hollenback 17 9 PLATTVILLE 9a yo 11 Industrial Park Ro ers Rd a Q Sugarbrus ��. P.p Dynegy4Energy Plant MILLBR OK 1a ilbroo .o '♦� s o y°s Wild R 3 �`J t ♦�♦ �r a�r�i%�.� X Plartvi ♦♦' aµd aP BeIIRd o6 °' MINOOK �•`�. o-F `= ♦ ,:p Chic ♦ P Pa 2 E 9 ♦' ♦ �5^ e 6' 2 Holt R `�♦ :C 9 f. �, 9 O• O• Hu es Rd $ R `♦' Minooka a PP 18 '38 Miles to Chicago via 80 SS M I L L I N GTO N 4 Bushnell SchpOl Rd ,`♦♦ ose pi:i:�;::: �� • plop.�' 45 Miles to• :1 •, LISBON SBON `�••• �•'�� Newark 5 NEWARK :1 ' isbon Center 19 v o Gt A okesha Rd Bd n N 6 5 White villo Fern Dell Rd o 0 i 52 a 47 :1 n �•� iii ln' Indian Rd d t �• Q ' HiIIR U n'y.♦ ��. e n d�i 0•'C o U n t y Group Exhibit W '� rUndv She KENDALL COUNTY O rrill •' .♦ rt 1 ''• `•�•1 7111'COUNTY OF KENDALL. l ECONOMIC DEVELOPMENT FE1lRUPRY 19.1841 �.. �•�� Phone:630.385.3000 E-mail:kendallEDC @co.kendall.il.us Morris VNPre pared b Teska Associates Inc. �V P Y Not to scale August 2011 Kendall • Community Economic Development INTRODUCTION Planning Process... In June of zoo, the Kendall County Planning Commission set out to determine if the goals, values, and strategies of the County's Land Resource Management Plan were consistent with the views and ideas of the people of Kendall County. They did so by conducting a 3z- question County-wide survey. Two parallel surveys were conducted asking identical questions. The first survey was conducted via the internet and was open to anyone interested in responding. Printed copies of the survey were also provided at various public locations around the County to accommodate those without computer access. The second survey was conducted as a more traditional mail survey using a random sample of Households within the County. An overwhelming number of respondents cited the present economic conditions of the county as a major concern. Whether it was the lack of jobs within the County, unemployment rates, or fleeting industries, 85% of residents who took part in the survey believed that over the next ten years the County must focus on economic development. As a result, the County took a pro-active approach by developing an Economic Development plan to layout the groundwork for strategies to bring more industries to the County, put the unemployed labor force back to work, and improve the well-being of the County. An important aspect to developing this plan was to solicit input from local businesses to better understand the existing conditions of doing business in the County as well as to listen to ideas on how to jump start the County's economy. December 2011 Kendall County I Illinois Kendall County Community Economic Development Plan 2010 Kendall Conduct 2nd on` COU rlty Business Public Roundtable Hearing � Community November INTRODUCTION The chart below describes the process of how the Economic Development came to fruition. Survey October 2011 2011 Determine Develop SWOT County Board Current Analysis/ Approval Economic Strategic Issues Intitiatives December 2011 Conduct Identify Key BusinesDemographic RoundtabIndicators 111 velopment May 2011 Plan 1 December 2011 Kendall County I Illinois 8 Kendall • Community Economic Development KENDALL COUNTY TODAY -Kendall County Today- Demographic Profile... Collecting and analyzing demographic data is critical to understanding local and regional economy. It not only puts on full display the County's significant but also helps to reveal weaknesses in which the County can improve upon and turn into a positive. This data should be used not necessarily as a rating scale for the County but more as constructive criticism to determine the proper method for advancing the County in a us direction toward economic revitalization. This can also help to best 2010 describe the existing conditions and characteristics of the community as a whole along with forecasting the economic changes that might occur. Comparing Kendall County with nearby areas is important to understand how the County ranks with its ECONOMIC neighbors and to determine where the County may need to improve upon to keep up with these communities. Information that will be analyzed includes population, education, employment, commute times, household income, and age. , CENSUS The data that is included within this analysis comes from different areas, 2 0 0 7 based on availability of the data. When it was possible, data from the 2010 decennial Census was included for the most accurate and up to date information. Since the 2010 Census does not have much of the demographic categories analyzed in this document, however, other resources were needed. Some of the demographic indicators relied upon the decennial Census A&A ) AMERICAN COMMUNITY from z000 as well as from the zoog American Community ** SURVEY survey. The 2oog American Community Survey (ACS) U.S.CENSUS BUREAU estimates are used to produce demographic information and are based on data collected over a 1-year time period between January zoog and December zoog. Information was also pulled from the Economic Census conducted in zoo7 as well as the Community Survey conducted by Kendall County during the summer of 2010. December 2011 Kendall County I Illinois Kendall • Community Development KENDALL COUNTY TODAY Population... No other county in the United States experienced such a tremendous growth in population between z000 and 2010 as Kendall County. The 2010 Census put Kendall County at 114,736, a 110% increase since z000 and a 191% increase since 1990. This growth rate far exceeded any other neighboring county. Me F 11 54,544 »4,736 60, 92 »o% 502,266 677,560 175,294 35% 37,535 50,063 12,528 33% 404,119 515,569 111,450 27% - 88,969 103,729 14,760 16% 111,509 113,924 2,415 2% Source:U.S.Census Bureau—z000,2010 Decennial Census This dramatic increase in population is an important factor when analyzing the potential of economic growth for an area. A significant increase in population leads not only to a larger number of consumers but also a valuable and plentiful supply of labor and workforce. December 2011 Kendall County I Illinois rm� KENDALL COUNTY TODAY The County has seen an increase of 208% in population over the last 3o years with almost all of the increase happening in the past decade. In fact, the County grew than 347%more in the last decade than it did in the previous 20 years. 30 Years of Population Growth 140,000 114,736 120,000 100,000 80,000 54,544 60,000 37,202 —39-,4-13 40,000 20,000 0 0 1980 1990 2000 2010 Source:U.S.Census Bureau—1980,1990,2000,2010 Decennial Census The largest community located entirely within Kendall County is the Village of Oswego. With a population of 30,355 in 2010, Oswego has seen a population increase of 127% in the past decade. The United City of Yorkville is the second most populated municipality located entirely within the County with a population of 16,921. Although this amounts to just over half the total population of the Village of Oswego, the United City of Yorkville has seen an increase of over 166% since 2000. • 840 6,019 5,179 616% • - 624 9,749 9,125 1,462% • • 248 285 37 15% • • • N/A 335 N/A N/A • 286 245 49 -14% • • 0 851 851 E • • • - 1,616 = 10,567 8,951 553% 887 992 105 11% ' ' • 13,326 30,355 17,029 127% N/A 2,079 N/A N/A • 5,633 10,856 5,223 92% N/A 242 N/A N/A • A 1 4 X63 159 3,975% • 6,189 16,921 10732 173% RVJ 1111K61961• ' . 24,891 25,077 186 .7% Source:U.S.Census Bureau—2000,2010 Decennial Census December 2011 Kendall County I Illinois KENDALL COUNTY TODAY The three most populated communities located entirely within Kendall County - Oswego, Yorkville, and Plano - had a combined growth of 32,984, a 76%overall increase. Largest Communities Entirely within Kendall County 40,000 -` 30,000 ■2000 20,000 ■2010 10,000 0 Oswego Yorkville Plano Source:U.S.Census Bureau—2000,2010 Decennial Census Although only a relatively small amount of population is contained within Kendall County, it is important to note the amount of increases seen from much larger communities that overlap into the County including Aurora, Joliet, and Montgomery. These three communities experienced a combined growth of 23,255 in Kendall County, a 755% increase from 2000. In fact, the Cities of Aurora and Joliet have total populations of 197,889 and 147,433, respectively, ranking them second and fourth in population size in the entire state. This means that Aurora has approximately 3% of its population residing in Kendall County with 6.5% of Joliet's population residing in the County. December 2011 Kendall County I Illinois Kendall • Community Economic Development KENDALL COUNTY TODAY Largest Communities Portion within Kendall County 15000 10000 ■2000 5000 ■2010 0 Joliet Aurora Montgomery Source:U.S.Census Bureau-2000,2010 Decennial Census Much of this increase in growth can be attributed to the amount of annexations that have occurred from these various larger communities. The amount of increase in unincorporated Kendall County is a small 0.7%, though, the actual increase of new residents in Kendall County is offset by the amount of annexed homes having taken place in the last decade. December 2011 Kendall County I Illinois KENDALL COUNTY TODAY As would be expected, most of the growth remains in the northern part of the County, particularly the northeastern portion. It is likely that most residents traveling east for employment would logically live in these areas to cut down on commute time. Population Distribution throughout Kendall County Fax 1,675 a Seward Big Grove Lishon 4,455 1,647 899 Source:U.S.Census Bureau The Chicago Metropolitan Agency for Planning recently published population forecasts the seven collar counties of Chicago for 204o and predicted a population of 207,716 for Kendall County, a growth rate of 81% for Kendall County over the next 30 years. This is the largest growth rate predicted by CMAP for any of the collar counties. Two neighboring counties within CMAP's study, Kane and Will, have predicted growth rates of 51% and 67%, respectively. December 2011 Kendall County I Illinois KENDALL COUNTY TODAY Education... In 2000, the U.S. Census determined that of the 54,544 residents in Kendall County. 89.9% of those over the age of 25 years of age have a high school diploma (or equivalent). This amount is not only higher than the State average of 81.4%, but also higher than all of the other neighboring Counties. According to the 2009 American Community Survey, the estimated amount of high school graduates in Kendall County increased to 93.3%• This estimate puts Kendall County in a favorable position compared to Counties in the immediate area. Percentage of High School Graduates 94 92 90 88 86 84 82 80 78 76 74 72 Kendall Grundy DeKalb Will La Salle Kane Illinois 0 2000 Census o 2009 Estimate Source:U.S.Census Bureau;American Community Survey December 2011 Kendall County I Illinois KENDALL COUNTY TODAY The number of residents who had taken some type of college course, whether it be less than one year, more than one year with no degree, or some other type of degree, was 59.8% in 2000. According to the 20o9 American Community Survey, the estimated number of residents in Kendall County who have taken some type of college course whether it be less than one year, more than one year with no degree, or some other type of degree, increased to 61.5% in 2oo9. This estimate also puts Kendall County in a favorable position relative to other Counties in the immediate area. Percentage of Residents with some College Credit 2000Census v.s. 2009 Estimate 70 60 - 50 40 30 20 e 10 Kendall Will DeKalb Grundy Kane LaSalle Illinois 2000 Census 2009 Estimate Source:2000 Decennial Census;20o9 American Community Survey December 2011 Kendall County I Illinois KENDALL COUNTY TODAY In 2000, the U.S. Census determined that of the 54,544 residents in Kendall County at the time, 11.3% of residents over the age of 25 had obtained their bachelors degree. Each year since zoos, the American Community survey has estimated that this percentage had gradually increased. Increase in Kendall County Residents with Bachelors Degree 40.0% 34.3% 32.7% 35.0% 28.7% 29.1% 28.8% 30.0% ° 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 2000 Actual 2005 Est. 2006 Est. 2007 Est. 2008 Est. 2009 Est. Source:200o Decennial Census;American Community Survey December 2011 Kendall County I Illinois KENDALL COUNTY TODAY According to the 2009 American Community Survey, it is estimated that approximately 34% of Kendall County residents have obtained a Bachelors degree or higher, with 11% of the Kendall County population having received a Masters degree. When comparing this data with the neighboring counties, Kendall County has a higher percentage of residents with a bachelors than the surrounding area. Percentage of Residents with Bachelors Degree 2000 Census v.s. 2009 Estimate 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Kendall Kane Will DeKalb Grundy La Salle Illinois 0 2000 Census o 2009 Estimate Source:2000 Decennial Census;American Community Survey December 2011 Kendall County I Illinois KENDALL COUNTY TODAY Households... In 2000, the U.S. Census determined that the average household size in Kendall County was 2.89.This number has had a sharp increase to 3.01 according to the 2010 U.S. Census.The difference between the amount of housing units in 2000 and in 2010 is staggering with an increase of 51.5%. Kendall County had 19,519 housing units in 200o and 40,321 housing units in 2010. Percentage Increase in 60 Housing Units 2000-2010 51.5 50 40 30 24.7 26 19.6 20 10 0 Kendall Kane DeKalb Grundy Will Source:U.S.Census Bureau December 2011 Kendall County I Illinois KENDALL COUNTY TODAY The median household income for those living in Kendall County in 2000 was $64,625 with approximately 47%of households earning somewhere between $50,00o and $99,000. Approximately 18% of households in 200o earned more than $1oo,000 in income. Median Household Income Distribution 2000 $24,999 $100000+ and less $25,000- $44,999 $45,000- $99,000 Source:U.S.Census Bureau The American Community Survey estimated in 2009 that the median household income for those living in Kendall County had spiked by more than 25%from 2000 giving a median household income of$81,826.This survey estimated that approximately 45% of households earned an income between $75,00o and $150,000. Median Household Income Distribution 2009 $24,999 and less $25,000- $100,000+ $49,999 $50,000- $99,000 Source:American Community Survey December 2011 Kendall County Illinois e KENDALL COUNTY TODAY Employment... • z I Roughly 75% of the population in Kendall County 16 and over in 2000 was in the labor force. Of the 4o,187 residents 16 and over, 29,697 residents were in the labor force with 28,842 employed and has increased over the last decade. Residents 16 and Older in Labor Force - Employed 350,000 300,000 250,000 200,000 ■2000 Census 150,000 ■2009 Estimate 100,000 50,000 0 Kendall Kane DeKalb Will Grundy Lasalle Source:U.S.Census Bureau;American Community Survey December 2011 Kendall County I Illinois �. KENDALL COUNTY TODAY This gave Kendall County a very low unemployment rating of 2.1% in 2000 with 855 people unemployed within the labor force. The rate of unemployment increased to estimated 5,143 of residents in the labor force within Kendall County being unemployed in 2009. This increasing trend was consistent in the immediate area. Unemployment Rate 2000 v.s. June 2011 14.0% 12.7% 12.0% 10.8% 10.1% 10.3% 10.0% - 9.7% 9.3% ° 8.0% 6.30 6.60 ■2000 6.0% 5.00 4.5° ■June 2011 3 ° ° _3 9° -3.7 - 4.0% 2.0% 0.0% Kendall Kane DeKalb Will Grundy Lasalle Illinois U.S. Source:U.S.Bureau of Labor Statistics December 2011 Kendall County Illinois KENDALL COUNTY TODAY According to the U.S. Bureau of Labor and Statistics, this number dramatically increased in the last decade with an estimated 8.9% of residents in the labor force unemployed. After 2000, the unemployment rate fluctuated until reaching its lowest point since the 2000 Census with an unemployment rate of 3% in October of 2oo6. Since that time, the unemployment rate was on a steady incline before peaking at 11.5% in January of 201o, and then falling to around 8%. Illinois as well as the entire Nation saw a peak in unemployment during the same month. The County has remained relatively consistent with the unemployment rates of the State and the U.S. throughout this time period. Unemployment Rate October 2006 - June 2011 14 12 10 - 8 6 4 T 2 0 O� 01 01 01 OA O4' Q%, Q%) y0 y0 y0 �O yy titi Cp Kendall County Illinois U.S. Source:U.S.Bureau of Labor Statistics December 2011 Kendall County I Illinois KENDALL COUNTY TODAY Of those in the labor force, around 83% commuted to work alone by personal vehicle. The amount of time for Kendall County residents to travel to work for the majority of the workforce took 29.9 minutes. Over the last decade, residents saw an increase in the their commute time to work with the mean travel time increasing to 33.7 minutes in 2009. Mean Travel Time to Work (in minutes) 2000 vs 2009 0 2009 W 2000 Will 322 .6 Kane 28.5 27.3 Grundy 28.8 26.4 DeKalb 27.2 23.8 La Salle 22.1 22.5 Kendall 33.3 mommil 29.9 Source:U.S.Census Bureau;American Community Survey 2009 December 2011 Kendall County I Illinois KENDALL COUNTY TODAY In 2000, the type of industry which employed the labor force within the County varied. The largest of these industries consisted of manufacturing, social services, and retail trade. In z000, all but two industries saw an increase in employment — wholesale trade and agriculture. Over the last decade, Social Services 118% Retail Trade 1o8% Construction 33% Finance 91% Manufacturing 15%. Workforce by Industry 2000 vs 2009 12,000 10,000 8,000 6,000 4,000 i I _ - _ ■2000 Census 2,000 _ �-� ■2009 o1\ 4a\ \ 0 0 ah �C y\ot� ot�a December 2011 Kendall County Illinois KENDALL COUNTY TODAY Among the largest employers in the County are the Caterpillar plant near Montgomery, the Menards Distribution Center in Plano, Fox River Foods in Montgomery, Wrigley in Yorkville, and Plano Molding Co. in Plano and Sandwich. Based off on Illinois Department of Commerce and Economic Opportunity (IDCEO) data, Caterpillar had by far the greatest number of employees in the County at around 2,500. Estimated Number of Private Employees 3000 2500 2000 1500 1000 500 — Li 0 Caterpillar Menards Plano Molding Fox River Foods Wrigley Walmart Distribution Center Source:IDCEO December 2011 Kendall County I Illinois KENDALL COUNTY TODAY The results of Kendall County's 2010 Community Survey indicate that highest number of those in the labor force is employed as professionals, with approximately 34%. This rate has increased sharply since 20oo and 1990 - 8% and 5%, respectively. As some industries have increased the last twenty years, some have seen a decrease. Occupational Tends 1990-2010 40.00% 30.00% 20.00% 10.00% 0.00% 1990 2000 2010 Farmer -Educator Business Owner or Manager -Manufacturing or warehouse Professional Retired A description of the total employment numbers and average monthly wages for current and new hires is shown from the 3'd quarter of 2009 to the 2nd quarter of 2010. Industry Classification Total Avg. Avg. New Employment Monthly Hire Wage Monthly Wage All NAICS Subsectors 15,576 $2,703.50 $1,720.50 72 Accommodation and Food Services 1,819 $1,110.25 $892.75 42 Wholesale Trade 1,486 $3,393.75 $1,745.75 44-45 Retail Trade 3,134 $2,072.50 $1,4o6.50 23 Construction 1,o82 $3,880.00 $2,621.25 48 Transportation and Warehousing 1,936 $2,686.50 $1,667.25 54 Professional, Scientific, Tech Services 711 $3,887.50 $2,450.25 56 Administrative and Support 551 $2,475.25 $2,314.50 62 Healthcare and Social Assistance 1,356 $3,240.50 $2,684.00 Source: Illinois Department of Employment Security December 2011 Kendall County I Illinois INTRODUCTION Property Taxes... �r Illinois is currently ranked 7t" in the nation for highest property taxes paid, based on a 3 year average from zoo? to 2009. In fact, of the 1,823 counties in the nation, northeastern Illinois contains five Counties listed in the top 30 counties for the highest paid taxes. The Tax Foundation has determined that Kendall County is 24th in the nation for this statistic. Although this ranking seems to put Kendall County in a bad position nationally, higher property tax rates throughout northern Illinois counties are not an uncommon trend. Kendall County, as well as other neighboring counties, has become a victim of the increasing property taxes seen throughout the entire state of Illinois. This has essentially put the entire state at an extreme competitive disadvantage. December 2011 Kendall County I Illinois KENDALL COUNTY TODAY County edian Real Estate National A Taxes Pal 1WOf 1,823 counties) Lake $6,169 15 t11 Kendall $5,067 24th DuPage $5,213 25th McHenry $5,017 29th Kane $4,773 30th Will $4,743 32nd DeKalb $4,142 51St Cook $3,494 94th *Grundy $3,475 96th LaSalle $2,492 246th *In addition to taxing real property, Grundy County has also adopted a M&E tax which taxes machinery and equipment for industrial sites as if it were real property. U.S. Median Real Estate Taxes Paid $1,838 Source:Tax Foundation ., Taxes Paid as a Percentage National of •me Value (out of • DeKalb 2.09 37th Lake 2.08 39th Kendall 2.05 44th Kane 1.98 52nd Will 1.96 55th McHenry 1.96 56th LaSalle 1.95 59th Grundy 1.79 113th Dupage 1.61 190th Cook 1.27 397th Illinois • Out Of • ■ . .. U.S.Taxes Paid as a o.96 Percentage of Home Value _ Source:Tax Foundation December 2011 Kendall County Illinois 30 KENDALL COUNTY TODAY County Taxes Paid as a Percentage National Rank of MedCounties) Lake 6.69 16th Kane 6.16 24th McHenry 6.04 30th Kendall 5.98 31St Will 5.83 35th Dupa e 5.82 36th DeKalb 5.77 38th Grundy 4.73 67th Cook 4.83 76th LaSalle 4.22 145th Illinois Tax • . Percentage of Median Incom U.S.Taxes Paid as a 2.85 Percentage of Median Income Source:Tax Foundation December 2011 Kendall County Illinois 31 KENDALL COUNTY TODAY Quality of Life... &Nil One of Kendall County's most highly regarded features is its high quality of living. Excellent healthcare is easily accessible within the County with nearby hospitals including Valley West Hospital in Sandwich and Rush Copley Hospital in Aurora. Rush Copley Medical Center is located in the heart of Kendall County in Yorkville along Route 34.The County also has some of the finest school districts including the Oswego School District, Yorkville School District, Plainfield School District, and Minooka School District, to name a few. Two major and highly acclaimed community college district encompass Kendall County, this being Waubonsee Community College and Joliet Junior College. Located within the heart of the Fox Valley, Kendall County enjoy some of the finest outdoor recreation and open space amenities. This includes the majestic Fox River, the large amount of acreage owned by the Forest Preserve District and the Silver Springs State Park. December 2011 Kendall County I Illinois • _ _ KENDALL COUNTY TODAY Transportation... Highway System To enhance and improve Kendall County's roadway system, Kendall County annually revises and adopts a five-year transportation plan. This plan outlines increases to roadway capacities, bridge construction/reconstruction, existing roadway maintenance. Some key improvements identified within the 5-year plan include improvements on Eldamain Road from Galena Road to just south of the existing Menards Distribution center as well as a roadway extension of Eldamain Road south of River Road, across the Fox River to Route 71. Eventually this roadway will be extended all the way south to Walker Road. A connection of Orchard/Minkler Roads to Grove Road is planned by an extension of Collins Road from Grove Road to Minkler Road. This connection will greatly improve truck traffic traveling between 1-88 and I-80. An alignment of the intersection at Grove Road and Route 126 is also planned. Another important construction project to note is the Ridge Road alignment from just south of Wheeler Road to Route 126. To help finance many of these major improvements, Kendall County has a % cent sales tax for transportation. This sales tax generates approximately $4,000,000 for County Highway projects annually. j P Collins/Grove Eldawllain Road' • • 'Improve from Menard's to Galena - $7 million -Extend across • River r v. to Route -$35 million I� -Study place to r to Walker Rd. - - - • ` -• Al • 1 i - December 2011 Kendall County I Illinois KENDALL COUNTY TODAY The Illinois Department of Transportation also has a 5-year improvement program that includes roadway projects for Kendall County. According to IDOT's FY 2012-2017 Highway Improvement Program, $131,033,000 is allocated for projects within Kendall County. This ranks Kendall County highest compared to neighboring counties with respect to dollars allocated per capita. County 2010 State Highway FY Per Capita Population 2012-2017 Kendall 114,736 $ 131,033,000 $ 1042.04 Kane 515,z69 $ 271,385,000 $ 526.69 DuPage 916,924 $ 329,204,000 $ 359.03 Lake 703,462 $ 305,769,000 $ 434.66 McHenry 308,760 $ 176,937,000 $ 573.06 Will 677,560 $ 616,494,000 $ 909.87 Some major IDOT improvements include adding lanes to Route 34 from the Big Rock Creek to Eldmain Road, as well as a bridge repair. Route 47 will have lanes added from Route 34 to Route 71 with a bridge rehab over the Fox River. Route 71 will see added lanes at two points; Route 47 to Van Emmon Road and from Orchard Road to Route 34. These roadway improvements will help to relieve congestion of traffic traveling within the County as well as regionally through the County. \`Q / I� � r..' �•ia i� ��_ l (2013-17) AY MAP \ I` , °" ' COUNTY • e A- Add. Lanes 4 Orchard to 34 LEGEND I'dd Lanes Bridge Rehab IL 71 (2013-17) evig Rock Cr. to Add Lanes Major S r ®`� • — wire a.N aa - Highway Improvements — ,.;j ... .... ... �. ... �. �. ._. .... E..r.._..w.. December 2011 Kendall County Illinois KENDALL COUNTY TODAY Public Transportation Regarding public transportation, the Kendall Area Transit System (KATS) provides bus rides for County residents with priority given for the disabled and senior citizens offering service on weekdays. For convenient Amtrak service, the City of Plano has an Amtrak station providing daily service into Chicago. Westbound service is also available to Galesburg, Kansas City, and ultimately all the way to the west coast. The Village of Oswego has an existing 'Park n' Ride' lot near Orchard Road which transports users to and from the nearby Aurora Metra station. This location has plans to be converted into a full Metra station in the future. In addition to the planned Oswego station, a station in the Village of Montgomery is also in the works. No specific timeline is available for the creation of either station, however. KendalJArea Transit 11iietra OP December 2011 Kendall County I Illinois KENDALL COUNTY TODAY Regional & Local Economic Development Efforts... Chicago Metro Ar a ON rv. 51 Kendall County is part of the Chicago Metropolitan Statistical Area, as designated by the U.S. Census Bureau. This area consists of fourteen different counties surrounding the City of Chicago from Illinois, Wisconsin and Indiana. More specifically, Kendall County is part of the Chicago-Naperville-Joliet, IL Metropolitan Division. In addition to Kendall County, this area includes the counties of Cook, DuPage, Will, Kane, McHenry, DeKalb, Grundy totaling a population of more than 8 million residents. For Kendall County to be successful with economic development it is important to understand and analyze what efforts are currently taking place in the nearby region. This includes assessing other Counties to determine what their economic development organization structure is comprised of, what the main focus is of these organizations, and also what types of industry primarily make up the economic landscape. December 2011 Kendall County I Illinois FPO KENDALL COUNTY TODAY Kane Countv Kane County has a fifteen member economic development board T; .,.'•':'��ti r known as the Kane County Economic Development Advisory Board ''�'^n?�t` .' (EDAB).This group was established in August, 1997 by the Kane County Board to provide technical and financial assistance programs for economic and community development to urban and rural communities and organizations in Kane County. In zooq., Kane County adopted the 203o Land Resource Management Plan which incorporates the direction of economic development within the county. A county economic development department exists to facilitate and implement the goals and strategies of this plan. http://www.co.kane.il.us/kcedc/kanecountyed/mission.asp Will County Economic Development in Will County is conducted through the Will County Center for Economic Development, a private non- profit economic development corporation. Established in 1981, 'mill County Will County Center for Economic Development is comprised of CENTER for business and government leaders and is partnered with Will ECONOMIC County Economic Development Foundation. The primary focus DEVELOPMENT of the Will County CED is improving and creating new infrastructure, retain existing business, recruit new business, and provide community technical assistance. Some of the largest industries in Will County include the hospitals of Provena St. Joseph Medical Center, Adventist Bolingbrook Medical Center, and Silver Cross Hospital, higher education such as Joliet Junior College & University of St. Francis, as well as the casinos of Harrah's and Empress. Some manufacturing industries include Caterpillar, Filtration Group, Federal Signal Industrial Systems, and Sharp Electronics. A primary focus within Will County is logistics, most notably along Interstate 80. Will County is also home to enterprise zones consisting of portions of Joliet, Lockport, Wilmington, Romeoville, Elwood, and Rockdale. One particularly attractive feature within Will County is the Inland Port located in Elwood. http://www.willcountyced.com/ December 2011 Kendall County Illinois KENDALL COUNTY TODAY Grundy County The Grundy County Economic Development Council is charged with the promotion of economic development within Grundy County. This Council, similar to the Will County CED, is a non-profit organization supported by private business and individual membership. Grundy Count EDC has similar goals and objectives as the Will County CED along with promoting their Economic Development Project Area - an incentive permitted only within Grundy County. This EDPA is similar to a Tax Increment Financing District for municipalities. The authority to establish one, however, resides with the County. Grundy County contains several distribution centers including Excel Logistics, Kellogg, Costco, and Aldi. Some of the major manufacturing industries within the County are Chicago Aerosol, Northfield Block, and LyondellBasell. http:]/www.gedc.com/ DeKalb County DeKalb County utilizes The DeKalb County Economic CCEI)c Development Corporation, a public/private partnership, for facilitating economic development activities. The corporation E K A Development Corporation B - C O N r Y E conomic De was established in 1987. The DCEDC focuses on attracting a E diverse variety of industries within the County with coordination from the local organizations such as chambers of commerce, economic development commissions, governments, and utilities, to name a few. Throughout the year, the DCEDC hosts a wide array of events including Business Roundtables, Industrial Focus Luncheons, the Economic Outlook Event, and the Annual Dinner and Program. http-1/www.dcedc.org/ December 2011 Kendall County I Illinois KENDALL COUNTY TODAY LaSalle County The Economic Development Corporation for LaSalle County is a coalition of economic development organizations in the region which was formed to market the area as a location for new business. Companies and site consultants can seek assistance from the members of the LaSalle County EDC through the site selection process. Some of the assistance programs include access to financial incentives offered by municipal, county and state governments, real estate searches for office and industrial space, personalized y , community tours & site visits, utility, and telecommunication & transportation services and rates. The EDC can also provide information on zoning, permitting and governmental processes and procedures. In addition to these services, the EDC can help prospective companies by introducing them to established business & industry management and also banks, law firms, employment agencies, accounting firms and all other business services. http://www.8oat39.comJ December 2011 Kendall County Illinois KENDALL COUNTY TODAY Economic Development in Kendall County... Although no county-wide economic development corporation currently exists in Kendall County, Kendall County contains several local economic development corporations that serve a respective municipality to attract new businesses and retain existing businesses. Four public/private economic development corporations have jurisdiction within Kendall County. These include the Montgomery EDC, Plano EDC, Sandwich EDC and Yorkville EDC. The Village of Oswego has recently brought its economic development corporation under the jurisdiction of the Oswego Village Board after previously utilizing an economic development corporation similar to the other local EDCs. These organizations are non-profit organizations funded by the memberships of local businesses and taxing bodies, including the respective municipality. The focus of the local EDCs is to promote economic development, expansion and diversification, encourage and provide positive direction to the development and improvement of trade and commerce, promote and assist the development of business concerns, including small business concerns, benefit the community measured by increased employment, payroll, business volume, and corresponding factors, and to attract new business to the community and encourage the development and retention of business in the community. The local EDCs have been successful the past several years in recruiting some of the largest commercial and retail establishments in the area such as Target, Menards, Home Depot, and Kohls. The County maintains a close connection with these organizations by forming the Kendall Economic Development Alliance. This group is made up of the directors from each local EDC along with the County Administrator and the County's Economic Development Committee Chairman. At bi-monthly meetings, the group updates one another on various economic development efforts in the communities and to discuss potential projects happening within the County. PIANO 7LMM ECONOMIC � l YE DC DEVELOPMENT • '� CORPORATION DEVELOPMENT , • - Yorkville EDC December 2011 Kendall County I Illinois KENDALL COUNTY TODAY SWOT Analysis... 13Uild or, STRENGTHS Resolv,, WEAKNESSES Exploit OPPORTUNTIES TMREATS A SWOT Analysis is a useful technique of evaluating the strengths, weaknesses, opportunities, and threats of the County. In this section we will analyze characteristics of Kendall County that give it an advantage over counties in the region (Strengths), characteristics that place the County at a disadvantage relative to others (Weakness), areas where the Count can improve upon (Opportunities), and aspects that could cause trouble for the County(Threats). Identification of these elements is crucial because subsequent steps in the process of planning for achievement of the selected objective may be derived from the SWOTs. The sources used for the collection of this information within this analysis consisted of Kendall County's 2010 Community Survey, business roundtable discussions held on May 11, 2011 and October 4, 2011 made up of local business leaders, the Kendall County Economic Development Committee, the County's Zoning Ad-hoc Committee, a public hearing conducted on November 30, 2011 by the Plan Commission, input from various mayors and managers within the community, as well as from the local economic development corporations. December 2011 Kendall County I Illinois KENDALL COUNTY TODAY Location... •Close proxmitity to Chicago, 1-80, 1-88,Aurora Municipal Airfield, Morris Airport,&Joliet Intermodal Inland Port -Member of Chicago Metropolitan Agency for Planning(CMAP) &Metro Strengths Economic Growth Alliance of Chicago (Mega) -Included within Chicago Foreign Trade Zone *Upper Illinois River Valley Development Authority *Housing opportunities •Longer Commute to and from Chicago than other collar counties Weaknesses •Limited interstate access •Reduceoverall congestion within County Opportunities -Expansion of airports in regional area *Promotion of Chicagoland area Threatsi *Increase in gas prices creating increase in travel costs December 2011 Kendall County Illinois KENDALL COUNTY TODAY Infrastructure... •Freight Rail •ComEd power lines consisting of 765kv- largest in Illinois Strengths *Highly active highway improvement program on County roadways •Kendall Area Transit Program *Lack of major interstate system within County -Lack of commuter rail •Cost of extending utilities Opportunities *Increase in rail service *Prairie Parkway •Capacity of electrical transmission lines Threats *State and Federal funding of major infrastructure improvements December 2011 Kendall County I Illinois 45 KENDALL COUNTY TODAY Environmental Resources... •Highly productive farmland & climate •Fox River Corridor Strengths -Limestone quarries •Wind •Flat open space available for development Weaknesses -No access to Lake Michigan water •Wind and solar energy •Water Conservation and use of surface water Opportunities •Agricultural Business •Regional stormwater authority Threats •Deep water aquifers -Flooding December 2011 Kendall County Illinois 46 Kendall • Community Economic Development KENDALL COUNTY TODAY Human Capital/Workforce •Good labor supply within County and region -Higher education levels Strengths •Waubonsee Community College&Small Business Development Center -Joliet Junior College *River Valley Workforce Investment Board *Numerous collegs and universities in the greater region AM Weaknesses -Loss of manufacturing jobs to surrounding areas No four year college or university •Emphasis on manufacturing and industrial jobs Opportunities -Target key transportation corridors for job growth *Job Training Threats MA -Competition from businesses outside of County *Reduction of funding for job training December 2011 Kendall County Illinois - KENDALL COUNTY TODAY Government... •Small, responsive and efficient local governments *Fiscally responsible County Government Strengths *Revolving Loan Fund program •Tax abatement availability •Strong relationship with local Economic Development Corporations *Streamlined permit approval process for projects *No authority to establish County Economic Project Development areas (County TIF Districts) Weaknesses *Inability to create Enterprise Zones *High state corporate tax rates *Local municipal government finances •Change in state legislation to allow County to establish Economic Opportunities Development Project Areas •Change in state legislation to increase allowable amount of Enterprise Zones within the state Threats •Broken state finances •Lack of state leadership on economic development December 2011 Kendall County I Illinois - KENDALL COUNTY TODAY Economy... Strengths *Fastest growing county in nation *Large supply of labor •Large inventory of vacant platted residential lots Weaknesses *High foreclosure rate *Unemployment rate around 8% *More people than jobs •Improved utilities Opportunities -Marketing of economic development in County *Increase job opportunities Threats •Global/national recession •Increasing number of major companies leaving Illinois December 2011 Kendall County I Illinois - KENDALL COUNTY TODAY Quality of Life/Cultural... •Route 34 Corridor •Farnsworth House •Small town and rural feeling Strengths •High level of retail and commercial •Fox River •Outdoor recreational activities •Safe neighborhoods/low crime rate Weaknesses •Not an overnight destination •Regional congestion •Eventual housing market upswing Opportunities •Available open space and parks *Commuter rail service •Promote tourism Threats •Preservation of historic downtown areas December 2011 Kendall County Illinois Kendall • Community Economic Development ECONOMIC VISION AND GOALS -Economic Vision and Goals- . ... Economic Vision... Kendall County will become an economically diverse, self-sustaining, and regionally integrated home to an ever expanding employment base. Goals... 1. Provide local jobs for local residents. Kendall County's population grew over l00% in the last decade, but many of our residents face long commutes to jobs outside the County. Local jobs will reduce commute times, strengthen the local tax base, and enhance the quality of life for County residents. 2. Expand access to good paying jobs. The County has been fortunate to attract many new retailers and restaurants in the past decade. As the saying goes, "retail follows roof- tops." The convenient access to goods and services provided by these businesses is wonderful. However, many of these retail jobs pay minimum wage or slightly more. The County's economic development focus will be on attracting higher paying jobs that will support strong families. 3. Support major employers. Caterpillar, Menards, Wrigley, Plano Molding, and Macy's are all big-name employers with major facilities in Kendall County. The County's economic development efforts will work closely with these employers to accommodate future expansion and success in the future. December 2011 Kendall County I Illinois ECONOMIC VISION AND GOALS 4. Exploit a strong entrepreneurial base. Many successful small businesses become larger ones over-time. Kendall County is blessed with a well-educated workforce. We have a higher percentage of high school graduates, and residents with bachelor's degrees than any of our neighboring counties. The County will focus on encouraging small businesses and fostering an entrepreneurial spirit. 5. Progress through partnerships. Kendall County realizes that the only way to successfully promote economic development is through partnerships with both the private sector and with local governments. Those partnerships will take many forms, including: a. Supporting but not duplicating local EDC and municipal efforts to attract retailers and restaurants b. Listening intently and often to the local business community to understand and address issues that are important to them c. Seeking grants and other funding mechanisms to provide the needed infrastructure to support the business community. December 2011 Kendall County I Illinois Kendall • Community Economic Development STRATEGIC INTITIATIVES -STRATEGIC INITIATIVES- "Skate to where the puck is going to be...not where it has been." Wayne Gretsky By its very nature, Economic Development is forward looking. What type of business and jobs will be needed in the future, and how can Kendall County position itself to be in a good position to capitalize on those opportunities? The following strategic initiatives expand on the goals described in the previous section of this report. Specific action items are described in more detail in the implementation section. Promote Tourism and Events Despite significant resources, Kendall County has not historically put much effort into promoting tourism. It is time to get the word out about the areas natural, historical, and cultural resources. Action Items 1. Local Link to Movies. Research and promote key facts regarding movies filmed in Kendall County such as Superman, Road to Perdition and Eagle Eye. This could involve an interactive web site and/or a brochure. 2. Tours. Develop travel plans and routes (both self-guided and for groups)for visiting the County based on themes such as: i. Movie tours (Superman, etc. ii. Nature and Recreation (Fox River, Forest Preserves and Silver Springs) iii. Architecture and history(Farnsworth House, Historic Kendall County Court House, Lyon Farm, etc.) 3. Enhance Downtowns. Work closely with municipalities such as Plano, Yorkville, and Oswego to improve and enhance downtown redevelopment. Unique downtowns provide opportunities for shopping and dining, and can be destinations in themselves. December 2011 Kendall County I Illinois STRATEGIC INITIATIVES 4. Events. Reach out to communities and local businesses to market local events such as the Kendall County Fair, Sandwich Fair, and Hometown Days in Yorkville and Prairie Fest in Oswego. 5. Conventions, Banquets and Meetings. Work with local hotels and meeting facilities to provide space to support business meetings and events in addition to their regular wedding, celebration, etc. business. 6. Promotion. Promote existing recreational and unique destination businesses through directories, web sites, brochures, etc. The Aurora Area Convention and Tourism Bureau (www.enjoyaurora.com ) is a potential partner in this effort. Examples of facilities that could be highlighted include: i. Paintball facilities such as Fox Paint in Millington, Paint Pursuits in Seward Township ii. Yorkville Whitewater Park iii. Silver Springs State Park and Kendall , wwontion&vtftm l County Forest Preserve properties iv. Emerson Creek Pottery and Tea Room in Oswego v. Fox Valley Winery vi. Raging Waves vii. Golf Course such as Whitetail Ridge, Cedardell and Blackberry Oaks and Fox Bend. Improve existing technology & infrastructure Access to appropriate infrastructure for business is essential. Businesses need access to technology such as broadband and fiber optic networks. Businesses need good access to transportation routes for both employee access and the movement of materials and products. Businesses need ready access to water, sewer, electric and natural gas service. While it may not be as easy as the classic movie line "if you build it, they will come,", if Kendall County does not have this infrastructures in place, it is clear they will not come. Action Items 1. Utilities. Evaluate existing utility structures (electric, gas, etc.) and determine where improvements are needed. As noted in the SWOT Analysis, Kendall County is crossed by multiple regional transmission lines for electricity, gas, and oil. However, we have heard from businesses in some areas of the County that improvements are needed in local access. The County must work closely with ComEd, Nicor, and other utility providers to identify and solve these access issues. 2. Transportation. Implement transportation plan focused on potential industrial corridors including the Prairie Parkway, Eldamain Road, Route 47, Route 34, Orchard December 2011 Kendall County I Illinois STRATEGIC INITIATIVES Road and Ridge Road, Route 126, and Galena Road. Promotional efforts should highlight: a. Excellent freight access into and out of Kendall County in a location that is near, but outside of Chicago area traffic. b. $131 million in [DOT improvements and $16 million in County investment in major roadways to enhance local and regional roadway access in the next 5 years. c. Access to the Burlington Northern mainline rail running east-west through the County, as well as the Canadian National owned EJ&E near Minooka and the Illinois Rail Net line that runs from Yorkville and to the southwest. 3. Broadband. Kendall County already has good broadband access. Cable internet service by Comcast and DSL service provided by AT&T within the County combine to allow the County to be ranked 6t" best in the State of Illinois according to a 2011 evaluation of Broadband access prepared by the Partnership for a Connected Illinois, http://broadbandillinois.org . What is needed now is to provide access to fiber optic services. An AT&T facility north of Plano serves as a hub for several existing fiber optic lines. However, local access does not currently exist to these lines. Research and planning is needed for the `middle mile'-the critical infrastructure of fiber optic cable that connects the last mile(the connection to homes, schools, businesses, etc.)to the Internet backbone. - I I k_ j sz, Ch+ idihon Moto@ Kendall County 2011 Broadband Access - Pink indicates cable access, purple indicates DSL access, Source: http:4 1broadbandillinois.org December 2011 Kendall County I Illinois . . . STRATEGIC INITIATIVES Encourage the expansion of higher education facilities and campuses A skilled and educated workforce is also critical to attracting new employers to Kendall County. As noted in the SWOT analysis, Kendall County already has a more educated workforce than many surrounding counties. The focus here is on building and maintaining that edge through building local access to higher education opportunities within the County. Action Items 1. Workforce Development. Work closely with local Community Colleges to provide the job and skill training needed for local employers and to coordinate and provide job placement programs and career building seminars. a. Waubonsee Community College opened a facility in Plano in 2010, providing important local educational access. Waubonsee also operates a facility in downtown Aurora in addition to their main campus in Sugar Grove b. Joliet Junior College has their main campus in Joliet off of Houbolt Street just north of 1-80. They also have satellite campus facilities in Romeoville and Morris. 2. Expanding Local Access to Higher Education. Assist colleges and universities to develop long range plans of expansion in Kendall County. Many regional universities such as Northern Illinois University, DePaul, and Roosevelt have developed suburban satellite facilities in the Chicago region. Such a facility in Kendall County would enhance local opportunities for both undergraduate and graduate level educational opportunities. Strengthen relationships with local economic development corporations and local businesses There are many players in the economic development field including local businesses, municipalities and the County, utilities, and local economic development corporations. Networking these groups together will be essential to crafting a cohesive and cost-effective economic development strategy. Action Items 1. Job Fairs. Establish county-wide job fairs using local EDCs and businesses as a resource. 2. Meetings and Events. Hold quarterly coordinating meetings between County economic development professionals to coordinate efforts and share successes. Conduct annual or semi-annual roundtable discussions for businesses and local EDCs. 3. Direct Business Contacts. Meet one-on-one on an on-going basis with local business owners and/or managers of non-retail businesses with over five (5) employees. December 2011 Kendall County I Illinois �� STRATEGIC INITIATIVES Improve the promotion and marketing of County Economic Development efforts Kendall County is a great place to open or expand a business. However, many prospective businesses are not aware of the County's many advantages. The County needs to do a better job of getting the word out about all we have to offer. Action Items 1. Web Site. Develop easy to navigate website for businesses and the public. Utilized QRC codes to provide a link to additional web-based information on printed promotional materials. 2. Trade Shows. Attend economic trade shows and conventions such as AIRES (Association of Industrial Real Estate Brokers). 3. Brochures. Simple, short and informative marketing materials are important to quickly tell the story of the County's many economic development assets and opportunities. Target Key Industry Clusters Due to geography, history, and existing resources different parts of Kendall County have unique attributes that lend themselves to creation of industry clusters. By targeting these clusters, the County can focus resources on attracting additional or expanding businesses in locations that provide the best fit. 1. Logistics. The I-8o Corridor is an ideal area to attract additional distribution and logistics operations. 2. Manufacturing. Both Plano and Montgomery have long histories as important regional manufacturing centers. The same factors that attracted such current businesses as Menards, Plano Molding and Caterpillar are still in place to attract additional manufacturing facilities. 3. Professional Services. The surge in population that Kendall County experienced in the last decade brought with it many skilled professionals. Unfortunately, many of these professionals are currently commuting outside the County for work. The County should strive to attract banks, engineers and architects, and other professional service firms to locate in Kendall County. The County should also promote entrepreneurship — encouraging existing County residents to create their own businesses within the County. These types of businesses are appropriate throughout the County. December 2011 Kendall County I Illinois IMMEM STRATEGIC INITIATIVES 4. Health Care. Access to quality health care is critical to maintaining a high quality of life in Kendall County. Rush Copley has built a new emergency facility and office is Yorkville, but additional expansion of health care services will be needed to support continued growth in the County. Such facilities also typically offer good paying jobs to local residents. 5. Green Technology. The ever expanding world of Greentech in the business world is an important field to enhance to improve sustainability in the region. Industries such as wind, solar, and hydroelectricity should be analyzed and used to their best potential. Other uses include air and water purification, environmental remediation, and 'egain' forecasting- a method using forecasting technology to predict the future weather's impact on a building for improved use of energy within a building. 6. Data Centers. Used primarily for the backup and storage of massive network systems, data centers can be a crucial tool for businesses looking to run highly sophisticated information systems without cause for concern of interruptions. Reliable infrastructure to prevent any disturbance of a network is an essential component of a dependable operation. Utilizing fiber optic cables is a primary element of establishing this system. 7. Agribusiness. Given Kendall County's strong agricultural heritage and excellent transportation network, attraction of agricultural related businesses is appropriate and desirable. December 2011 Kendall County I Illinois Kendall • Community Economic Development IMPLEMENTATION WORK PLAN -IMPLEMENTATION WORK PLAN- To fulfill the purpose and goal of the strategic initiatives a work plan must be applied to put the strategic initiatives into practice. The implementation work plan lists the initiatives according to their priority. Like a well built structure, the work plan organizes the goals and visions to lay a solid foundation for creating and retaining jobs in Kendall County. This work plan is not perpetual but rather can be updated and modified accordingly to coincide with the activities and changes of the County. The order of priority for the initiatives should be reviewed regularly to ensure that they are consistent with the overall vision and goals of the County's economic development plan. December 2011 Kendall County I Illinois Kendall • Community Economic Development IMPLEMENTATION WORK PLAN Level One Priorities... Level One should be considered immediately and are needed ideally before any further actions take place. Overall, these are items that market economic development in the County to build upon with additional strategic actions. Level Two Priorities... Before other actions can be addressed, level two priorities should take place. These strategies, however, do not have the same immediate attention as priorities classified as level one. These strategies may come as a result of implementing or accomplishing the goal of the level one strategies. It is possible, and at times necessary, for these two priority levels to share the same timeframe and can occur simultaneously. Level Three Priorities... Although crucial to the success of the economic development, the level three priorities can often times wait to be implemented if other strategies and goals are sought after first. These strategies may require additional funding or even more assembly from other agencies before they can be implemented or even begun. December 2011 Kendall County I Illinois 60 IMPLEMENTATION WORK PLAN LEVEL ONE Lead Organization Start Date/ T Cost/Potential Action Item (Partner Org.) Duration Funding Sources Plan Endorsement Kendall County Winter 2011/3 mos ✓ Staff and/or Relationships Economic County EDC Development member time ✓ Distribute plan to all jurisdictions including municipalities, EDC's,school districts and townships ✓ Prepare and distribute sample endorsement resolution ✓ Present plan in forums throughout the county Transportation Plan County Highway Winter 2011/ ✓ Industrial Technology/Infrastructure Committee 4-6 mos Transportation Plan can be ✓Conduct joint meeting with County Highway (Kendall County developed in- Highway Department, house Committee with Highway Department, Economic Planning, Building & ✓ See County Development Committee, and Planning, Building, Zoning, IDOT, BNSF, 5-year and Zoning Committee to establish a short-range, Illinois Railnet, transportation 5-year,industrial transportation plan Canadian National) plan for roadway ✓Determine specific routes that can be utilized as improvement industrial corridors costs ✓Focus on routes including Eldamain Road, Orchard Road, Grove Road, Route 126, Ridge Road, Brisbin Road, Galena Road, Route 47, Route 34, & the proposed Prairie Parkway ,/Advocate for planning and construction of the Prairie Parkway ,/Work closely with officials from Burlington Northern Santa Fe, Omnitrax (Illinois Railnet), and Canadian National (EJ&E) to determine appropriate railroad spur locations Website Kendall County Immediate/ 1-2 $4,000 Marketing Economic mos Development ,/Develop easy to navigate website for businesses and public ✓Provide information for available lots and buildings for industrial properties ✓Publish economic development maps ✓Utilize`Quick Response'codes for easy to use links to websites ✓Include links to key business resources such as municipal planning & zoning departments, the ComEd Energy retrofit program,SCORE,etc. December 2011 Kendall County I Illinois I� IMPLEMENTATION WORK PLAN Lead Organization Start Date/ Cost/Potential Action Item (Partner Duration Funding Sources Organizations) _ Access to Fiber Optic Service Kendall County Winter 2011/ Additional research Technology/ Economic 6-12 mos needed to determine Infrastructure Development cost and funding options (Business Community, ✓Arrange a meeting with AT&T officials to AT&T) determine existing fiber optic infrastructure located within Kendall County -/With coordination from AT&T, determine what is needed to connect existing lines to businesses, schools,and homes ✓Seek support from local officials for extension and connection of these lines Establish County-wide Job Fairs Kendall County Summer 2012/ Relationships Economic 6 mos $1,000/ split costs with Development local EDC's ✓Reach out to local businesses large corporations in (Business Community, nearby communities Local EDCs, -/Work with local EDCs to establish job fairs targeted Possibly Waubonsee at various fields (commercial, medical, industrial, CC&Joliet JC) education,etc.) ✓Maintain list of job openings in easily accessible database Trade Shows Kendall County Fall 2011/Ongoing $5,000 Marketing Economic Development ✓Attend economic trades shows for industrial and (Local EDCs) commercial businesses including the Association of Industrial Real Estate Brokers(Aires), Global Logistics Summit, Society of Industrial and Office Realtors (SIOR) and the Midwest Small Business Expo ✓Represent County to commercial/industrial realtors ✓Provide detailed information of County December 2011 Kendall County Illinois IMPLEMENTATION WORK PLAN Lead Organization Start Cost/Potential Action Item (partner Date/Duration Funding Sources organizations) J. Business Survey Kendall County January Relationships Economic 2012/Ongoing Development and ✓Establish and maintain a database of business local EDC's contacts for non-retail employers in Kendall County ✓Explore use of ComEd business retention survey/program ✓Coordinate business retention visits with local EDC's and municipalities ✓Meet with a minimum of 3o business owners/managers each year at their place of business, seeking input on business climate, expansion potential,etc. ✓ Summarize findings in reports to the Kendall County Economic Development Committee every 6 months (without reference to a specific business unless permission granted from that business) Brochures Kendall County Immediate/i mo $1,000 Marketing Economic Development ✓Provide handouts of Kendall County with detailed (Local EDCs) information of economic development functions ✓Update regularly to reflect changes Investigate building costs in Kendall vs.other surrounding counties,and highlight lower building cost in County as a key promotional feature Evaluate Appropriate Economic Kendall County Early 2012 County budget,private Development Structure and Funding Economic 1-6 mos partners if corporation Promotion and Marketing Development, County approach is taken Board ✓ Evaluate creation of an Economic Development Department and staffing within the County ✓ Evaluate potential of creation of a separate Kendall County Economic Development Corporation which would be an independent public-private partnership ✓ Assign clear responsibility to a County staff person to drive plan implementation December 2011 Kendall County I Illinois IMPLEMENTATION WORK PLAN LEVEL TWO Lead Organization Start Cost/Potential Action Item (partner Date/Duration Funding Sources organizations) Promote Recreation Kendall County Spring 20121 $5,000 Tourism Economic 6-12 mos Development ✓Partner with Aurora Area Convention and Tourism (AAC&TB) Bureau (AAC&TB), including possible EDC (Local EDC's and roundtable municipalities) ✓Establish a directory listing all recreational facilities located in the County -/Work with Illinois Railnet, local EDC's and private businesses to create a Fox River Corridor scenic train ride ✓Develop appropriate marketing campaign Quarterly/Annual Meetings Kendall County Fall 20111 Ongoing $1,000 Relationships Economic Development ✓Conduct annual or semi-annual roundtable (Local EDCs discussions with businesses and local EDCs Local Businesses ✓Continue bi-monthly meetings with KEDA (Kendall Local municipalities) Economic Development Alliance) consisting of local EDC members ✓Conduct annual review of the Economic Development Plan at a Kendall EDC meeting to track progress, discuss direction and upcoming initiatives,and refine the plan as needed ✓Work with local governments to reevaluate impact fees and consider fee reductions or adjustments in the timing of payment to encourage new development Workforce Development Kendall County Summer 20121 Possible funding Higher Education Economic 2-4 mos through the River Development Valley Workforce ,/Coordinate with local Community Colleges to (River Valley Investment Board create job and skill training programs Workforce Investment ,/Organize job placement programs and career Board,Waubonsee building seminars Community College, ,/Utilize local and nearby campuses of Waubonsee Joliet Junior College, CC and Joliet CC for programs Possibly other nearby colleges) December 2011 Kendall County Illinois Kendall • Community I Economic Development IMPLEMENTATION WORK PLAN r Lead Organization Start Cost/Potential Action Item I (partner org.) Date/Duration Funding Sources Legislative Initiatives Economic Spring Promotion& Relationship Building Development 2012/Ongoing Committee ✓Work with State government to make Economic Development a higher priority for Illinois ,/Work with State elected officials to expand local and regional economic development tools such as Enterprise Zones and Economic Development Project Areas ,/Continue to work with federal and state elected officials to expand Metra commuter rail service to both Montgomery and Oswego ✓Continue to work with federal and state elected officials to construct the Prairie Parkway ✓Work with State elected officials to clarify that tax abatement rules apply to jobs created by either a building owner or a tenant ✓Invite senators and representatives to EDC sponsored meeting or breakfast to discuss key economic development issues such as the Prairie Parkway and other local job creation efforts ✓Actively participate in CMAP Boards to promote economic development and transportation issues critical to Kendall County and the region Utilize local and nearby campuses of Waubonsee CC and Joliet CC for programs Development Regulations Kendall County PBZ Spring 2012/ 6 - 12 CMAP Technical Promotion& Marketing Department;all mos Assistance municipalities ✓Develop a map that highlights key economic development areas, both within municipalities and in unincorporated areas of the County. This map should be focused on identified economic development corridors ✓Review and update zoning regulations to ensure they are business friendly, while still maintaining appropriate standards. Focus should be on accommodating home based and small businesses. This should be done both in the County and within municipal ordinances December 2011 Kendall County Illinois IMPLEMENTATION WORK PLAN ` Lead Organization Start Cost/Potential Action Item (partner org.) Date/Duration Funding Sources Promote Local Events Kendall County Summer 20121 $11000 Marketing Economic 4-6 mos Development ✓Establish organization consisting of local (Aurora Area communities, nonprofit groups, and local Convention & Visitors businesses to focus on local events Bureau, Municipalities, ✓Assist in advertising of local events Local businesses, Non-profit agencies) Improve Utilities Kendall County Summer 2012/6-12 mos No initial cost for Technology/ Economic research on Infrastructure Development needs/funding source dependent (Municipalities, local on need ✓Conduct small focus groups with local businesses businesses, utility and communities on problems with existing companies (Nicor, utility infrastructure to determine where Com Ed,etc.)) deficiencies exist ✓Evaluate existing utility structures to determine what improvements are necessary -/Work with utility companies to address deficient utility infrastructure ✓Work closely with Nicor, Plano, Yorkville, and potential businesses to enhance access to natural gas in the Eldamain Road corridor December 2011 Kendall County Illinois 66 IMPLEMENTATION WORK PLAN LEVEL THREE Lead Organization Start Cost/ Potential Action Item (partner Date/Duration Funding _ organization) Sources Promote link to local movies Kendall County Summer 2012 $10,000 Marketing Economic 3-6 mos Illinois Office of -'Work with local EDCs to promote movies Development Tourism grant filmed in County programs ✓Research various movie filmed in Kendall (Community officials, www.illinoistouris County possibly local EDCs) m.org ✓Create an interactive film website ✓Establish film tours Downtown Improvements Kendall County On-going $10,000 Marketing Economic Illinois Office of ✓Individually work with municipalities to Development Tourism grant enhance downtown redevelopment programs ✓Assist municipalities to seek grants available (Municipalities, local www.illinoistouris for development businesses, utility m.org ,/Support local businesses to improve and companies (Nicor, expand businesses in downtown areas ComEd,etc.)) Expand Higher Education Access Kendall County Winter 2012/ $11000 Higher Education Economic 6-18 mos ✓Arrange a roundtable discussion consisting of Development community colleges, municipalities, and even other neighboring counties to find how and (Municipalities, where campus expansion can take place Local community ✓Meet with colleges and universities outside of colleges, Kendall separately for possible campus Other colleges and expansion universities, ✓Develop strategies for a short to mid range municipalities) plan for campus expansions December 2011 Kendall County Illinois IMPLEMENTATION WORK PLAN Lead Start Cost/Potential Action Item Organization Date/Duration Funding (partner org.) Sources Tour Promotions Kendall County Winter 20121 $10,000 Marketing Economic 3-6 mos Illinois Office of ✓Develop travel plans and routes for nature Development Tourism grant and recreation with visitors bureau, Forest programs Preserve District,local park districts,and IDNR (Aurora Area www,illinoistouris ✓Contact other towns that have had movies Convention & m.org filmed to determine best approach for guided Tourism Bureau, or self guided tours of points of interest Community officials, possibly local EDCs) Support an entrepreneur development Kendall County Spring 20131 6mo — 1 EDA grant and/or program Economic year allocation of staff Target Industries Development & time River Valley Workforce ✓ Establish a committee of Investment Board businesses, educators and economic development (local high schools, professionals local community colleges, and key ✓ Evaluate existing programs and business leaders) recommend appropriate strategy moving forward Note: Most efforts noted above will require County staff support,which is not included in the noted cost estimates. Costs are for outside services such as printing, registration, meeting space,etc. December 2011 Kendall County I Illinois . _ APPENDIX -APPEN DIX- December 2011 Kendall County Illinois 69 APPENDIX Agency/Program Program Support Availability Details US Department of The EDA offers several federal investment grant Applications Typically Commerce programs to increase global competitiveness and create accepted on requires 50% Economic jobs. Programs include improving infrastructure, rolling basis and match economic adjustment to help areas address critical reviewed Development changes in the economy, planning, and technical quarterly. Administration assistance. www.eda.gov/investmentsgrants/investments.xmI USDA Rural Broadband grant and loan support offered in rural areas N/A N/A Utilities Service by the USDA Rural Utilities Service and also through federal assistance by the US Dept. of Commerce NTIA under the Recovery Act. Grants and loans offered by the US Department of USDA may continue to be offered after the Recovery Act Commerce funds have been obligated. National Telecom Infrastructure w"`w.broadbandusa.gov/BiPportal/index.htm Administration wwwz.ilIinois.gov/broadband/pages/defauIt.aspx US Department of The Community-Based Job Training Grants provide Offered Grants can Labor grants to community/tech colleges to support workforce biannually provide Employment & training for high-growth/high-demand industries. community Training colleges up to www.doleta.gov $3 million Administration US Housing& Projects which will improve livability and sustainability by Offered as an Limited to $3 Urban addressing housing, transportation, economic annual program million, no Development opportunity, and environmental quality can seek through HUD required assistance through this federal program.The awards will Office of matching Sustainable go to a range of rural,suburban,and urban areas Sustainable Communities Communities http://portal.hud.gov/portal/page/portal/HUD/program_o ffices/sustainable_housing_communities/HUD- DOT%20Community%2oChallenge%2OGrants December 2011 Kendall County I Illinois 70 APPENDIX Agency/Program Pro ram Su Support Availability Details g PP Y Illinois Office of Programs administered by IOT for various means of N/A Tourism Tourism promoting tourism in Illinois. The Tourism Attraction Attraction can Development Grant& Loan Program provides assistance provide up to for`bricks and mortar' development/improvements. The $1 million with Tourism Marketing Partnership Program assists with the a 1:1 match. promotion and the Tourism Private Sector Grant Tourism Program leverages private investment to support major Marketing can events. provide up to 6o% of eligible www.enjoyi[linois.com/illinoismediacenter/programssery costs.Tourism ices.aspx Private Sector provides up to 50% of eligible costs Illinois Funded by the federal government and administered Annual Reimburseme Department of through Illinois, this program can improve cultural, applications are nt grants Transportation historic, aesthetic, and environmental elements of due by August 31 available for transportation infrastructure. Potential uses include of each up to 8o% of Illinois streetscaping, bike/ped facility improvements, and project cost Transportation improving historic transportation resources. Enhancement Program www.dot.state.il.us/opp/itep.htm] Illinois This program receives funding from the US HUD DCBG Typically due I Funding varies Department of and is managed by the IL DCEO for small/rural early in year by year communities. CRAP programs provide grants for local Commerce and governments to assist with specific needs related to Economic economic development, public facilities, and housing Opportunity rehabilitation. Projects benefit low-to-moderate income Community populations. Development Assistance www•illinoisbiz.biz/dceo/bureaus/Community_Developm ent/grants Program December 2011 Kendall County I Illinois 71 APPENDIX N Agency/Program Program Support Availability Details Illinois Rebates for small scale installation of wind or solar Funds available Incentives ° Department of energy. This is available to homeowners, businesses, each year until provide up to Commerce and Public sectors,and non-profit groups all funding has 30% of project been depleted cost for Economic www.commerce.state.il.us/dceo/bureaus/energy_recycli residential Opportunity ng/energy/clean+energy/oi-RERP.htm and business Solar&Wind installations. Energy Rebates up to 50% for public and non-profit installations. Maximum amount is $50,000 Illinois Launched in early October of 2011,this program provides Ongoing Comprised of Department of access to capital for businesses and entrepreneurs to four Commerce and create jobs and thus grow the economy. The program programs: leverages $78 million in federal funding and assists Capital Access Economic lending institutions to help provide finances for Program; Opportunity businesses. Participating Advantage Illinois Loan Program Program; Collateral Support Program; and Illinois Invest Venture Fund Program Illinois Clean Funds local government and non-profit group projects N/A N/A Energy for three different program areas Foundation 1• Improving energy efficiency z. Developing renewable energy resources 3. Preserving natural areas www.illinoiscleanenergy.org U.S. Department Grants can be used for the Local Energy Assurance Ongoing Varies of Energy Program which supports the upgrade of local energy assurance/emergency plans with new renewable resources and new technology advancements. www.commerce.state.il/us/dceo/bureaus/energy_recycling December 2011 Kendall County Illinois 72 -- - r Economic Development Baseline Rd 30 gq 4 Light Road — Industrial Areas g Blackberr- Industrial Park _ �, 30 E 7 : 7) Yorkville AURORA oc �a > Business � (MONTGOMERY 30 Woods Rd**! Center �,� 31 Sears O 34 Ln R 47 ATERPILLAR 3 ) Kendall �./ , In Point 13 [i] g M. k http : //www. co . kendall . il . us �, i ill Rd � M N 1 r = C� Mille Cor eiI R - 2) Highland -� 1- 02 Q)_0 , Business Center 0 0.5 1 2 3 4 L Q P LA N O °C- ` v � L pSa Wolf w E Q) R L e r► L OSWEGO - - Miles � I es O (U ° Sandwich o�`� WRIGLEY - i � o Rance Rd s Sedgewick R� Industrial Park - n a � = Tr 34 i V 0 d �� > �,� ;�� BRISTOL F i I Kendall Farms �� U7 LITTLE ROCK OSWEGO — . 34 Industrial 71 C� a, /e Park - ° U) at FOX KENDALL NA-AU-SAY )o� F� ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ Collins d SAf416WICH 34 1%^ ' G4wold h e er Rd 6) Stone Hill Simons Rd e ba _ � BIG GROVE LISBON SEWARD Industrial Park Rusl-i-,Copley- 22-1 Lions Rd `~ urro ,� 15 �"" Re e�. •�� 24 Lyon Err 16 'Qq. . ♦� Hoover YORKVIL-LE Richard r �o ` A / Young Rd Plain i Rd Legend o`s O ■ ■ ■ ■ ■ ■ ■ i Proposed Extension P� —c I p R ��It Industrial Transportation Corridors Available Building Space Millhurst Rd 1 Silver �Q o Che Rd r Available Land Springs 1 Pickerill-PI Ott Industrial Zoned Properties O Johnson_Rd_ Forest Preserves � � MILLBROOK � o PLAINFIELD �� Existing Industrial Parks � Millbrook -' Harris " 126 _0 ro � Ro rs Rd O North � � ., . eadow Ln 3 � n Rd L �� ,�-, . � i • 1 ) Fox . v" r m r,177- _ �V tea., F :. 71 - _Jp , Industrial I Park Budd a a B Rd Ln -F • '� � t 0 47 - - n _ -_ Millbroo 2 �♦ _ s Sout 14 ment Rd ♦i heeler Rd -a ates Ln H011enback � S a� ra - i O Sugarbrush 10 O E 1 Fox Industrial Park - 50AC 5 Minooka Ridge - 109 AC �o ) ) g WalkerRd - - - - - - - - - - - - - -- - - - - - - -- - - - - - - -- - - - - - - - - - - - - 7 MIL-L'INGTON _ II ICI d _0 f0 — o mCato n Fa rm Rd 23 23 - " , e. T_ I 'a p Y Pro os d Prairie P kwa � I .1OLIET •I - I Hu hes Rd -11444 a-1-544-" *4 _0 f a� Helmar Rd -- - - - - - N I ail = 2 Hi hland Business 6 Stone Hill Industrial Highland ) NEWARK r 4 � � � � I � Center - 37 AC Par 135 A V i an D L-in Rd S 3 r s; " Newark - PLATTVILLE I J 8 O U , s y in - - - - - , -a �o isbon Center Rd �, _ . a ,op ♦ d aJ ` ♦ O — a_` ` ♦ � �.•. S .� X751 a � I fVl/1 Q j � ♦ G Baker .x. Fern Dell Rd ,o ♦� Woods Q r 7 s O O Bushnell S♦ ooI Rd •- 52 Qj cn 52 e�` - In `� 3) Kendall Point - 250 AC 7) Yorkville Business -a Q Townhall Q Qj I Center - 115 A oC L — U') � O I • U Bell Rd Indian Rd O I dk 5 Minooka a) ) °C d= M- h •- Ridge -0� �- U O T Kendall County Economic Development I I 1 g W I I �/ Rd • 111 W Fox St., Room 316 I Yorkville, IL 60560 * M I N O 630.385.3008 Q)'� ' LISBON � _ ��' �� - �. . _ _ _ _ _ _ _ _ _ _ Wh itewil low Rd 1 g :, � = -�� -� kendalledc @co.kendall.il.us O' �' ma �� _ 4) Light Road Industrial " u., EKE oA1� Ken al county IS 5 I H o l t Rd I 111 West Fox Street-Room 308 7841 Yorkville,Illinois 60560-1498 - - - - - —Hill Rd � ■ ��♦ 47 ,�+■-■-�� ■-�■�-t-■Jr-■ � �-■ � i-�r � � Park - 16 AC - Y��,_ . — — — — — — I FEggliAR. KENDALL COUNI Y 2011 630.553,4090 1 - - - S he rri I I-Rd - - - --- ---------------- 5 ,l This work is provided as is, without warranty of any kind, either expressed or implied. The information represented may contain -------- he --- proprietary and confidential of Kendall County Illinois. Under United States Copyright p rotection laws Y ou may Inil not use, J� reproduce, or distribute any part of this document without prior written permission. To obtain written permission please contact Kendall County GIS at 111 W Fox St, Yorkville, IL 60560. Compiled using data through 12/31/2010 a RAqplinp Rd Route 30 Baseline Rd Future Land Use Plan o CD Blackberry Creek Fore Pr / t � '' "" BVID LITTLE ® b� ° I OCK E of ■E T. O ER L �. � .v - Rd Kendall County, Illinois D Woo Y ena R(I � .•.: ...._ I o Tr �— Sears Rd A ,._ ° n m 1 BRISTOL Sm( Rd w L A ®V LITTLE ROCK OSWEGO - h , o Mill Rd m o m Rq �� L mot Miller Rd rnell d 0® �� FOX KENDALL NA-AU-SAY Of / UU Y CIS e Ct o r�� ■ U m U m q ♦bt, V� p n , o o _ Sed ewick Rd o PLANO f ° w r1 nonball Tr a c• - .- - 0�.�`dS �i � _ BIG GROVE LISBON SEWARD —c� ati a v��V o4 HERNf�_ v oUte�1 Iii �, 'ems: OSWEGO @ N y cEz O T �,_ \e R a F� p4 oNNCLg� Woolle Rd o d LEGEND < t ,wog _ ��, � 1� � a Z m O . . u� esY �, ® tl 0„TE T _ "` Urbanized Areas Collins � (Incorporated) m.., � Q i p 3 C °Vr drew 5��. i 1 �N E SANDWICH YO ILLE Pa Jae ak Q y eferr.� " y Cre �oG' S xl Suburban Residential wo d S rin s - Hale Rd W � e t �2�� of . Simons R W 127th S W 12��St - - (Max Density = .00 DU/Acre) ) )IN IN ubatF rest reserve _�_ _ -:� � � (M D ty 1 e l�E t� .w,s _ s Orr r�r►e rve Rd Rural Residential Forest Presery \e 5 \ I ,� � ° d (Max Density = 0.65 DU/Acre)* over Forest• Rural Estate Residential � �-- � ■ � FS `bung Fores ery m N � � � • °ho°�h _� ti;//t 'a (Max Density = 0.45 DU/Acre) r— a F �` Q3� "% S/e �o the Countryside Residential Millhurst Rd ■ SILVER SPRINGS G� S _ F o N ( ickerill-Pig a be Cherry ; (Max Density 0.33 DU Acre ! m ■ . 1 Route�1 �' Ififfdt�il Ridge Dr Commercial Y m –° PLAIfeFIELD 0 � 5 ) MILLBROOK �N�� 3 H/ v;� rris Forest Preserve �� ° ■ ♦ ,■ rook North sRP o r ^�J o Ro ers Rd Meadow�n ! � Mixed Use Business m . Snun anoe Launch n ,I Rd 3 • �` . -I - _ ■ , Transportation Corridors _ °� \ Budd R r I Mining J C -C) / Ament Rd / illbrook So h 8er oeere ° 1 �� - �� Potential Mining District ` ° It CrOS 1 , � 1�- oo �� ,' � 9p Gates Ln - - - - -� 1 heeler Rd � �W Wheeler Rd W Wheeler�Rd '� Brodie Rd �j� Z k� - Public/Institutional O\ SAO o Hollenba Su a es t serve , - - - • 1 J - INS - - - - - - INNS - • E 1 /• 1 so�o} o,. o a - Hamlets 'p,F Q 1 Agricultural Walker Rd I -0 o Open Space e t E Y @ 1 y J • ■ 1 Forest Preserves/State Park MILD. � � ♦ 1 A _ on Farm Rd "l j� Natural Resource Areas Sandhil \ 1 L�� y H Rd i posed'Prairie Park ay •� �` �� J ^ utility ■ ° r\oa°� a *Note: Additional Density Bonuses up to 0.85 DU/Acre may be applicable; refer to ■ individual township summaries for explanation of density bonuses ■ ■ W Helmar Rd Hel r Rd ■ ■ ■ „/� REVISIONS 119 ILL(�\Y/ _ HELM RESOLUTION DATE CHANGE 2001-06 4/17/2001 MODIFIED CATEGORIES TOCOORDINATE WITH PLANNED DEVELOPMENT NEW RK�e V N ° ZONING;ADDED TOWNS COMMERCIAL NODESAND UPDATE OF SEWARD AND ■ ( I Cn f= U __,. o_---_. NA AU SAYTOWNSHIPS ri ew Rd - Jim ■ 71 .p>p�L �"-�" 2002-11 06/2002 ADDED RURAL RESIDENTIAL AND COMMERCIAL AREAS AROUND NEWARK . EFtou ' D ke . -• 14A•s AND LISBON TO REFLECT THE ADOPTED FUTURE LAND USE ��1 U� i_��`J RECOMMENDATIONS FOR BIG GROVE TOWNSHIPS Sh°rich Newark F W■ ttV le R LATT !\J/ 2003-14 6/17/2003 MODIFIED CATEGORIESTO COORDINATE WITH THE FUTURE LAND USE r PLAN FOR THE NORTHERN THREE TOWNSHIPS ° W "Ga 0 ADDED FUTURE LAND USE AREAS IN UTTLE ROCK,BRISTOL,AND OSWEGO ■ h 0 G �� TOWNSHIPS TO REFLECT THE ADOPTED LAND USE RECOMMENDATIONS �o (7 ■ Z Jones FOR THE NORTHERN THREE TOWNSHIPS AND REFLECT RECENT Is on Center R �'S� _ \ MUNICIPAL ANNEXATIONS BYJOUET AND MINOOKA LI$ on C nt BO Q , 200404 3/16/2004 ADDED FUTURE LAND USE AREAS IN NA-AU-SAY TOWNSHIP TO REFLECT Lr- NT ER THE ADOPTED LAND USE RECOMMENDATIONS FOR THE NA-AU-SAY TOWNSHIP/EAST ROUTE 126 CORRIDOR PLAN t ker Woods orest Preserve 2005-08 3/15/2005 ADDED FUTURE LAND USE AREAS IN FOX AND KENDALL TOWNSHIPS TO '�— REFLECT ADOPTED LAND USE RECOMMENDATIONS ', / 200525 12/20/2005 ADDED&UPDATED FUTURE LAND USE AREAS IN LISBON,SEWARD,AND SOUTHERN NA-AU-SAY TOWNSHIPS TO REFLECTADOPTED LAND USE Fern Dell Rd _ ■ G�\ , RECOMMENDATIONS rn Dell c s II School B shnel•Ch , 2 8/22/2007 UPDATED PRAIRIE PARKWAY ALIGNMENT(PREFERRED ALTERNATIVE BS ALIGNMENT ANNOUNCED BY IDOT ON 06/01/07( pp— O . N 2008-24 06/2008 UPDATEDFUTURELAN D USEAREAS IN FOX,KENDALL,AND BIG GROVE LL U) Q • 2008-25 TOWNSHIPS TO REFLECT ADOPTED LAND USE RECOMMENDATIONS FROM ° Townhall Rd TOWNSHIP LRMP UPDATES AND THE FOX RIVER CORRIDOR PLAN ■ . . - 2009-03 1/20/2009 UPDATED COUNTY AND TOWNSHIP LRMP MAPS BASED ON THE LAND USE II !� MAP FOR THE ROUTE 126/MINKLER ROAD AERA I Ind( Rd Bell 04/2011 UPDATED SECTIONS I-5 J vx / U a ORIGINAL ADOPTION - MARCH 1994 LAST REVISED -APRIL 2011 Rout 52 o �z N CD -- m s cn Wild m / ° Joliet Rd .o t _ LISBON / MINOOKA 0 2 4 Miles Wh eWilli w R / n 2 co + ' r s d r iri Parkway +,- {� Holt d H t Rd Olt This work is provided as is,without warranty of any kind,either L L IL I N niE cnvLoa/tll Kendall County GIs expressed or implied.The information represented may contain J • � I r Iilwa®ao:soeeec Room 909 proprietary and confidential property of Kendall County Illinois. �F,A@Y1911B9� Yo kv+lle,IWnosfi06fifl 1499 Under United States Copyright protection laws you may not use, WB 180 / ) 680.663.4090 reproduce,or distribute any part of this document without prior W erril R ■ / written permission.To obtain written permission please contact Kendall County GIs at 111 W Fox St,Yorkville,IL 60560. 5-24 Reviewed By: Agenda Item Number 606 Legal ❑ NB #4 Finance ❑ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number Human Resources ❑ `=Q Community Development EDC 2012-09 Police ALE � Public Works ❑ Agenda Item Summary Memo Title: Land Cash Appraisal Update Meeting and Date: March 6, 2012 Synopsis: Update of appraisal firm selected to complete the Land Cash Study for Yorkville. Council Action Previously Taken: Date of Action: Action Taken: Item Number: Type of Vote Required: Informational Council Action Requested: N/A Submitted by: Krysti J. Barksdale-Noble Community Development Director Name Department Agenda Item Notes: See attached memorandum. Cir y 2 O Memorandum EST. -1 1836 -�= To: Economic Development Committee pL I1 ® From: Krysti J. Barksdale-Noble, Community Development Director C ,s" CC: Bart Olson, City Administrator <tE ��"�' Date: March 1, 2012 Subject: Land Cash Study Update Per the direction of the Economic Development Committee (EDC) during the November and December meetings, staff has contacted several appraisal firms seeking proposals and cost estimates to conduct a comprehensive land appraisal study to determine the current "Fair Market Value" for an acre of improved land within Yorkville. The Fair Market Value appraisal will be used to formulate the per acre fee for cash-in-lieu of park land donation per the City's land-cash ordinance. The current land-cash value is $101,000 per acre for a residential development and was last re-evaluated in 2006. Since the December 2011 EDC meeting, staff has received four (4) proposals from varying real estate appraisal firms interested in preparing the land study ranging in fees from $2,500 to $7,500 with a turn-around period between three (3) weeks to 45 days. Based upon the detail and methodology proposed in preparing the study offered in the proposals, Staff has preliminarily selected David W. Phillips and Company, real estate appraisers and consultants, to prepare the land study. As indicated in the attached proposal prepared by David W. Phillips and Company, the written summary appraisal report will cost $4,500.00 and be completed within 30-days upon authorization of the contract. Staff anticipates executing the contract within the next week and providing the findings of the study to the Economic Development Committee, Park Board and City Council at the respective upcoming meetings for further discussion. DAVID W. PHILLIPS AND COMPANY REAL ESTATE APPRAISERS AND CONSULTANTS February 1, 2012 Ms. Laura K. Schraw Interim Director of Parks & Recreation United City of Yorkville 800 Game Farm Road Yorkville, Illinois 60560 Re: Land Cash Donation Ordinance Appraisal Dear Ms. Schraw: We are pleased to provide you with our proposal for appraisal services. The purpose of the appraisal will be to establish an opinion of the value of a representative acre of residential land located within the boundaries of the United City of Yorkville. The intended use of the appraisal is to assist our client in updating the Land Cash Donation Ordinance valuation. Our client and the intended user of the report is the United City of Yorkville. We will prepare a Summary Appraisal Report format, prepared in accordance with the Uniform Standards of Professional Appraisal Practice, A Summary Appraisal Report will contain summary descriptions of the data and summary discussions of the reasoning and analyses that are used to develop our opinion of value. The appraisal will conclude with a value per acre, for a representative improved acre, as of the date of our inspection. Our report will include a definition of the representative type of land that we are appraising. The representative acreage value will assume improved land as described in the current ordinance. In this type of an appraisal assignment we would typically assume that the representative acreage has a highest and best use of residential development, has adequate street frontage and has utilities at the property line. We also typically assume that the representative acreage has no extraordinary site features, such as woods, river frontage, unusual shape or topography, flood plain, or wetlands. Also, we typically base our valuation on a forecast of the typical development density for the representative acreage being valued. This is due to the fact that prices paid for residential land often vary with allowable density. In order to forecast a typical density, we will analyze the densities of newer single family developments in the market area of the United City of Yorkville. We will also review the Future Land Use Map and Plans, Zoning Map and Zoning Ordinance that are applicable to the market area. 1601 BOND STREET . SUITE 208 . NAPERVILLE,IL 60563 . 630/357-8900 . FAX 630/357-8998 Page 2 of 3 Land Cash Donation Ordinance Appraisal We will make it clear that our assignment does not involve a valuation of a specific property. Rather, the valuation will reflect what a typical purchaser would pay for representative acreage as defined in the report. Our valuation methodology will be based on the Sales Comparison Approach. We will conduct extensive research, through various sources, to collect all relevant market data. We will review and analyze the market data in order to arrive at an opinion of value. The market data will be analyzed and interpreted on the basis of the sale price per acre unit of comparison. A description of the sales data will be included in our report, along with a discussion of our analysis and value conclusion. We will use any relevant land sales that are located within the United City of Yorkville boundaries. However, we will also use sales of land from nearby comparable areas if there is insufficient data from the United City of Yorkville area. The report will include an explanation of our methodology, a description of the geographic area that is the subject of the study, a discussion of current market conditions, and a discussion and/or listing of any assumptions and limiting conditions. The report will also include any pertinent exhibits. The fee to prepare this appraisal will be $4,500. The fee will be due within 10 days of the date of our invoice. We will provide our written report to you within 30 days of the date of authorization of the assignment. Payment of any part of the fee is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion,the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of the appraisal. If for any reason,the assignnnent is canceled prior to completion, you shall pay us any compensation due for services rendered to the date of cancellation. Upon cancellation, we will submit a statement for our time, and payment shall be due and payable within 10 days thereof. If any costs are incurred by us in collecting amounts due, you shall pay all such reasonable costs, including court costs and reasonable attorney fees. Please indicate your acceptance of this proposal by signing in the space provided. Please return a copy of this signed agreement to our office. You can fax it to my attention at(630) 357-8998. If you should have any questions about this proposal, or have any other questions about our services,please feel free to call me at(630)357-8900, ext. 101. Page 3 of 3 Land Cash Donation Ordinance Appraisal We thank you for considering us for this work and we look forward to the opportunity to be of service to you. Respectfully submitted, DAVID W. PHILLIPS &COMPANY Timothy J. Sullivan,MAI, SRA The preceding terms are acceptable and I authorize you to proceed with the appraisal assignment. Date: By: Reviewed By: Agenda Item Number 6 Legal ❑ NB #5 Finance ❑ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number Human Resources ❑ `=Q Community Development EDC 2012-10 Police ALE � Public Works ❑ Agenda Item Summary Memo Title: B.U.I.L.D. Incentive Program Update Meeting and Date: EDC/March 6, 2012 Synopsis: Update of the Buyers of Undeveloped Infill Lot Discount(B.U.I.L.D.) Program. Council Action Previously Taken: Date of Action: 1-10-12 Action Taken: Approval of the BUILD program. Item Number: CC 2012-04 Type of Vote Required: Informational Council Action Requested: N/A Submitted by: Krysti J. Barksdale-Noble Community Development Director Name Department Agenda Item Notes: See attached memorandum. Cir y 2 O Memorandum EST. -1 1836 -�= To: Economic Development Committee pL Il ® From: Krysti J. Barksdale-Noble, Community Development Director �sa= C `.= CC: Bart Olson, City Administrator <tE �r"�' Date: March 1, 2012 Subject: B.U.I.L.D. Incentive Program Update Since the City Council's approval of the Buyers of Undeveloped Infill Lot Discount (B.U.I.L.D.) program this past January, the Building Department has received four (4) applications for new single-family detached residences as part of the incentive. This is in addition to eight (8) regular new home start building permit applications, bringing the overall total of new residential construction permit applications to twelve (12) since the beginning of the year. The participating builders of the B.U.I.L.D. program thus far include Pulte Homes Corporation, McCue Builders and Tim Greyer Builders. The permits being applied for under the program were for new single-family detached residences in the Bristol Bay (Pulte), Autumn Creek (Pulte), Country Hills (McCue) and Heartland Circle (Greyer) subdivisions. The average construction value of the B.U.I.L.D. permit applications submitted was $190K, and generated approximately $51,000.00 in permit fees. Most of the builders who applied for permits through the B.U.I.L.D. incentive program opted to pay the permits upfront rather than take advantage of the delayed payment until time of final occupancy. Staff intends to update the Economic Development Committee of the B.U.I.L.D. incentive program progress as part of the regular monthly building permit summary report. Should you have any questions, staff will be available at Tuesday night's meeting. Reviewed By: Agenda Item Number 6 Legal ❑ NB #6 Finance ❑ EST. -� __ti 1838 Engineer ❑ -- City Administrator ■ Tracking Number Human Resources ❑ `=Q Community Development EDC 2012-11 Police ALE � Public Works ❑ Agenda Item Summary Memo Title: Tuscan Plaza—Request for Release and Termination of TIF/Development Agreement Meeting and Date: EDC/March 6, 2012 Synopsis: Request from GRW Properties, LLC, the new owner of the Tuscan Plaza property, to release the existing redevelopment agreements associated with the project. Council Action Previously Taken: Date of Action: 8-28-2007 Action Taken: Approval of Amended Dev. Agreement Item Number: EDC 2007-30 Type of Vote Required: Recommendation Council Action Requested: Approval Submitted by: Krysti J. Barksdale-Noble Community Development Director Name Department Agenda Item Notes: See attached memorandum. J , cip a Memorandum EST. -1 1836 To: Economic Development Committee .4 -� From: Krysti J. Barksdale-Noble, Community Development Director O L �` _® CC: Bart Olson, City Administrator Date: March 1, 2012 <kE ��"� Subject: Tuscan Plaza—Request for Release & Termination of TIF/Development Agreement As the Economic Development Committee (EDC) may recall, the City Council approved a development agreement and entered into a redevelopment agreement for the Tuscan Plaza Development in 2006 proposed for the now-vacant property located at 201-205 South Bridge Street in downtown Yorkville. The property is included within the Yorkville Downtown Tax Increment Finance (TIF) District and was to be redeveloped with a mixed-use three (3) story building with retail on the 1 st floor, condominiums on the 2nd floor and underground parking. Since that time, the original developer of the Tuscan Plaza defaulted on the redevelopment project and is no longer in the picture and the site remains vacant. However, the property was recently sold to GRW Properties, LLC who is also the owner of the Kendall Pub Restaurant located at 209 South Bridge Street, immediately adjacent to the Tuscan Plaza property. GRW Properties is requesting that since the proposed Tuscan Plaza development will no longer occur, the City repeal the ordinances approving the development agreements associated with the Tuscan Plaza project. Attached for your review are the draft ordinances prepared by the City Attorney granting release and termination of the Tuscan Plaza Development Agreement (Ord. 2006-55) and the Redevelopment Agreements for the Downtown Redevelopment Project Area - Tuscan Plaza (Ord. 2007-40 and 2007-61) approving the project. Staff nor the City Attorney are opposed to the request for release and termination of the agreements, and seek recommendation by the EDC for approval of the attached ordinances prior to presenting to the City Council for final determination. To be recorded with the Kendall County Recorder Ordinance No. 2012- AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY ILLINOIS APPROVING A GENERAL RELEASE AND TERMINATION AGREEMENT FOR THE DEVELOPMENT AND REDEVELOPMENT AGREEMENTS FOR THE TUSCAN PLAZA PROJECT AND REPEALING ORDINANCES 2006-55,2007-40 and 2007-61 THAT APPROVED THOSE AGREEMENTS WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of the State; and, WHEREAS, in the City is a parcel of property legally described as: Lots 1 and 9 in Block 1 in Black's Addition to the Village of Yorkville, in the United City of the Village of Yorkville, Kendall County, Illinois and the north % of Lots 2 and 10 in Block 1 of Black's Addition to the Village of Yorkville,in the United City of the Village of Yorkville, Kendall County, Illinois Commonly known as 201, 203 and 205 Bridge Street,Yorkville, Illinois PINs: 02-32-283-003 and 02-32-283-004, hereinafter described as the "Property" and, WHEREAS, a Development Agreement entitled, "TUSCAN PLAZA DEVELOPMENT AGREEMENT"was approved by the City for the Property by Ordinance No. 2006-55 adopted June 27, 2006 and recorded with the Kendall County Recorder as document number 200600022272 on July 24, 2006; and, WHEREAS,the City entered into a redevelopment agreement for the Property entitled, "REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA" dated May 11, 2007 which the City approved by Ordinance No. 2007-40, entitled"ORDINANCE APPROVING A REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN REDEVELOPMENT PROJECT AREA (TUSCAN PLAZA)" adopted May 8, 2007 and recorded with the Kendall County Recorder as document number 200700015432 on May 11, 2007; and, WHEREAS,the City further entered in into a first amendment to the redevelopment agreement for the Property entitled, "FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA"DATED August 28, 2007 by Ordinance 2007-61, entitled"ORDINANCE APPROVING THE FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN REDEVELOPMENT PROJECT AREA(TUSCAN PLAZA)" adopted August 28, 2007 and recorded with the Kendall County Recorder as document number 200700027713 on September 13, 2007; and, WHEREAS,the City and GRW Properties, LLC, an Illinois Limited Liability company, the current owner of the Property, desire to enter into an agreement entitled, "GENERAL RELEASE AND TERMINATION AGREEMENT FOR THE DEVELOPMENT AND REDEVELOPMENT AGREEMENTS FOR THE TUSCAN PLAZA PROJECT"that is attached hereto and made a part hereof as Exhibit A in order to remove the record of the above prior commitments for the Property in order to allow the current owner to develop the Property without such encumbrances; and, WHEREAS,the termination of the agreements will encourage the development of the Property. NOW, THEREFORE, BE IT ORDAINED by the City Council of the United City of Yorkville, Kendall County, Illinois, as follows: Section 1. The recitations set forth in the Preambles hereto are material to this Ordinance and are hereby incorporated into and made a part hereof as if fully set forth and said recitations constitute the understanding of the City and the Owner. Section 2. That the GENERAL RELEASE AND TERMINATION AGREEMENT FOR THE DEVELOPMENT AND REDEVELOPMENT AGREEMENTS FOR THE TUSCAN PLAZA PROJECT, attached hereto and made a part hereof by reference as Exhibit A, is hereby approved, and the Mayor and City Clerk,be and are hereby authorized to execute said agreement on behalf of the United City of Yorkville. Section 3. That Ordinances numbered 2006-55, 2007-40 and 2007-61 that adopted the above referenced agreements be and are hereby repealed. Section 5. The City Clerk shall file this Ordinance with the Kendall County Recorder. Section 6. This Ordinance shall be in full force and effect upon its passage, approval, and publication as provided by law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , A.D. 2012. CITY CLERK 2 ROSE ANN SPEARS DIANE TEELING GEORGE GILSON JR. JACKIE MILSCHEWSKI CARLO COLOSIMO MARTY MUNNS CHRIS FUNKHOUSER LARRY KOT Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this day of 2012. MAYOR Prepared by: Return to: James W. Binninger City Clerk City Attorney United City of Yorkville Kathleen Field Orr&Associates 800 Game Farm Road 53 West Jackson, Suite 935 Yorkville, Illinois 60560 Chicago, Illinois 60604 3 EXHIBIT A GENERAL RELEASE AND TERMINATION AGREEMENT FOR THE DEVELOPMENT AND REDEVELOPMENT AGREEMENTS FOR THE TUSCAN PLAZA PROJECT This Termination Agreement (the "Agreement") effective this_day of March 2012 (the "Effective Date") is by and between the United City of Yorkville, an Illinois municipal corporation(the "City") and GRW Properties, LLC, an Illinois limited liability company (the "Owner"). WHEREAS,the City entered into development agreements for the proposed Tuscan Plaza development located in the City and legally described as follows: Lots 1 and 9 in Block 1 in Black's Addition to the Village of Yorkville, in the United City of the Village of Yorkville, Kendall County, Illinois and the north '/2 of Lots 2 and 10 in Block 1 in Black's Addition to the Village of Yorkville, in the United City of the Village of Yorkville, Kendall County, Illinois, (the "Property") Commonly known as 201, 203 and 205 Bridge Street, Yorkville, Illinois PINs: 02-32-283-003 and 02-32-283-004; and, WHEREAS, a Development Agreement entitled, "TUSCAN PLAZA DEVELOPMENT AGREEMENT" for the Property was approved by the City by Ordinance No. 2006-55 adopted June 27, 2006 and recorded with the Kendall County Recorder as document number 200600022272 on July 24, 2006; and, WHEREAS,the City entered into a redevelopment agreement for the Property entitled, "REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA" dated May 11, 2007 which the City approved by Ordinance No.2007-40, entitled"ORDINANCE APPROVING A REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN REDEVELOPMENT PROJECT AREA (TUSCAN PLAZA)"Adopted May 8, 2007 and recorded with the Kendall County Recorder as document number 200700015432 on May 11, 2007; and, WHEREAS,the City further entered into a first amendment to the redevelopment agreement for the Property entitled, "FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA"DATED August 28, 2007 by Ordinance 2007- 61, entitled"ORDINANCE APPROVING THE FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN REDEVELOPMENT PROJECT AREA (TUSCAN PLAZA)" adopted August 28, 2007 and recorded with the Kendall County Recorder as document number 200700027713 on September 13, 2007; and, 1 WHEREAS,those development agreements intended that TUSCAN PLAZA would be a mixed use, three-story structure with retail on the first floor, 20 condominiums on the second and third floors and 29 underground parking spaces; and, WHEREAS, for various reasons including he worsening of the economy and therefore the housing market, the prior owner/developers have been unable to construct TUSCAN PLAZA as required by those development agreements; and, WHEREAS,the Owner desires to develop the Property without the encumbrances of the above described Development and Redevelopment Agreements; and, WHEREAS,the City concurs with the Owner that the release of the encumbrances will encourage new development of the Property. Now, therefore, in consideration of the agreements contained herein and other good and valuable consideration, the City and Owner agree as follows: 1. The recitations set forth in the Preambles hereto are material to this Agreement and are hereby incorporated into and made a part hereof as if fully set forth and said recitations constitute the understanding of the City and the Owner. 2. That the City and Owner agree that the TUSCAN PLAZA DEVELOPMENT AGREEMENT, REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA and FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA, as described above, are hereby terminated. 3. That the City shall repeal Ordinance Numbers 2006-55, 2007-40 and 2007-61 that adopted the above agreements. 4. That the City and Owner release and forever discharge the other Party from any and all claims, demands, liabilities, obligations and damages of any and every kind or character whatsoever, at law, in equity or otherwise, known or unknown, disclosed or undisclosed, absolute or contingent, that either Party now has, has had or may hereafter have by reason of any matter, cause or thing whatsoever arising out of or incidental to the agreements described in Section 2. 5. Each Party represents, warrants and covenants to the other that no promise, representation or agreement which is not herein expressed has been made to it in executing the Agreement and that this Agreement has received all requisite corporate approvals and is enforceable against it in accordance with its terms. 6. That promptly after the approval by the City the Agreement and Ordinance approving the Agreement shall be recorded with the Kendall County Recorder. 7. This Agreement shall be binding upon and inure to the benefit of the Parities and their successors and assigns. 2 United City of Yorkville By: Mayor Attest: City Clerk GRW Properties, LLC By: President Attest: Secretary 3 200600022272 Filed For Record in STATE OF IL,L,INOIS ) PAUL KENDALL ILLINOIS ) ss 07-24-2006 At 03 : 15 am . COUNTY OF KENDALL ) ORDINANCE 41400 RNSF Surcharge 10 . 00 ORDINANCE NO. 2006- 'SS AN ORDINANCE AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT FOR TUSCAN PLAZA WHEREAS, it is in the best interest of the UNITED CITY OF YORKVILLE, Kendall County, Illinois, that a certain Development Agreement pertaining to the development of the real estate described on Exhibit "A" attached hereto and made a part hereof entered into by the UNITED CITY OF YORKVILLE; and WHEREAS, said Development Agreement has been drafted and has been considered by the City Council; and WHEREAS, the legal owners of record of the territory which is the subject of said Agreement are ready, willing and able to enter into said Agreement and to perform the obligations as required hereunder; and WHEREAS, all the statutory procedures for the execution of said Development Agreement have been fully complied with; and NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE UNITED CITY OF YORKVILE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS : Page I of 2 Section 1 : That the Mayor and City Cleric are herewith authorized and directed to execute, on behalf of the City, a Development Agreement concerning the development of the real estate described therein, a copy of which Development Agreement is attached hereto and made a part thereof. Section 2: That this ordinance shall be in full force and effect from and after its passage and approval as provided by law. JAMES BOCK IOSEPH BESCO VALERIE BURD �� PAUL JAMES �. DEAN WOLFER MARTY MUNNS ROSE SPEARS t JASON LESLIE Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this C'1 of,-� ,—,D 2006. MAYOR Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this _ day of' _ A.D. 2006. ATTEST: CITY CLERK Prepared by: John .Justin Wyeth City Attorney United City of Yorkville 800 Game Farm Road Yorkville, IL 60560 Page 2 of 2 "TUSCAN PLAZA" DEVELOPMENT AGREEMENT This Development Agreement, hereinafter referred to as "Agreement", is made and entered into this FIFTEENTH day of JUNE, 2006, by and between, Union Bank as Trustee # 1126, hereinafter referred to as "OWNER" and the United City of Yorkville, Illinois, a Municipal Corporation, hereinafter referred to as "CITY". The OWNER/DEVELOPER and the CITY may hereinafter be referred to as the Parries. WITNESSETH WHEREAS, the OWNER is the Owner of certain real property, hereinafter referred to a "Property", located in the CITY and legally described as set forth in Exhibit "A" attached hereto and incorporated by references as if more fully set forth; and WHEREAS, the Property is generally located near and adjacent to 201 , 203 and 205 Bridge Street. The Property is currently zoned B-2 and consists of approximately 0.30 acres; and : WHEREAS, the OWNER seeks a special use for B-2 General Business District to allow for more than two (2) residential units to exist on the property; and WHEREAS, the OWNER and the CITY understand strict enforcement of the CITY parking requirements for this property would be inappropriate and result in less dense development patterns in the downtown district and not in compliance with the CITY's Downtown Vision Plan. WHEREAS, the CITY has determined that the terms and conditions set forth herein will serve a public use and will promote the health, safety, prosperity, security, and general welfare of the inhabitants and taxpayers of the CITY; and WHEREAS, the OWNER has informed the CITY that they intend to develop the Property as Retail and Residential uses as generally permitted by the CITY's B-2 zoning, but as modified and restricted per this agreement; and WHEREAS, the OWNER, its vendors, grantees, assigns, successors, trustees, and all others holding interest now or in the future, agree and enter into this contract, which shall operate as a covenant running with the land and be binding upon any developer and its representatives, and future owners of the land; NOW, THEREFORE, the CITY and OWNER, in consideration of the mutual covenants and agreements contained herein, do mutually agree as follows: ARTICLE I GENERAL COMPLIANCE WITH ORDINANCES OWNER hereby agrees to comply with all CITY ordinances, and this Agreement shall alter said ordinances only as specifically set forth herein, Where the ordinances of the CITY conflict with the provisions herein, the Agreement shall control. ARTICLE II PROPERTY DEVELOPMENT The Development of the Property shall be generally pursuant to the Conceptual Plans attached hereto and incorporated herein as Exhibit "B".. That the development of the subject real property described in the attached Exhibit "A" shall be subject to approval of all Ordinances of the CITY; Site Plan approval, engineering approval (by CITY staff or outside review engineering consultant as elected by the CITY) and Site Plan approval by the City Council in conformance with the United City of Yorkville Zoning Ordinance, Subdivision Control Ordinance, City Reimbursement of Consultants and Review Fees Ordinances, Municipal Building Fee, City Land-Cash Ordinance, and City Development Fee Ordinance, payable at the time of Site Plan approval, which have been voluntarily contracted to between the parties and agreed to by OWNER, OWNER agrees that the Final Site Plan shall comply with all requirements as set out in the United City of Yorkville Zoning Ordinance and Subdivision Control Ordinance currently in effect when development approval is requested, unless provided for differently in this Agreement. Utilities and Public Improvements. That On-Site infrastructure construction and engineering shall be governed by the standards contained in the Yorkville Subdivision Control Ordinance and other applicable Ordinances unless specifically addressed in this agreement, in which case this agreement shall control. ARTICLE III SPECIAL PROVISIONS ZONING: All permitted uses in the B-2 General Business District shall be allowed including residential uses in a business building as depicted in Exhibit "B" and approved as a Special Use. Variances to Zoning pennitted: 1 . A decrease from 20 feet to 0 feet for the rear and side yard setbacks ( 10-7C-4 B and Q. 1 An increase in lot coverage from 80% to 90% ( 10-7C-5). 3 . A reduction in the minimum parking lot aisle from 24 feet to 22 feet 4 inches ( 10- 11 - 13). 4. A reduction in the amount of required off-street parking spaces from 44 to 29 — Retail uses requires 24 spaces and residential use requires 20 spaces ( 10-11 -4). ARTICLE IV EFFECTIVE DATE The effective date of this Agreement shall be the date this Agreement is approved and executed by the OWNER and CITY. ./ 'e��/�� m as Trustee #1126 (date) Mayor Arthur Prochaska ate) United City of Yorkville EXHIBIT A PLAT OF SURVEY OF PARCEL ONE: LOTS 1 AND 9 IN BLOCK 1 OF BLACK'S ADDITION TO THE VILLAGE OF YORKVILLE, IN THE UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS, PARCEL TWO: THE NORTH 1 (2 OF LOTS 2 AND 10 IN BLOCK 1 OF BLACK'S ADDITION TO THE VILLAGE OF YORKVILLE, IN THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS, EXHIBIT B o � 70 Am I a.m gill a O A a }�" q > I@ I $ I ; — L — — I a — -- € a j i —' t G 1 . � 4 o I I I I Ott a O � a� �a � I ' €B� � I Ili igat ® e TUSCANY PLAZA 1 pwa+ 201, 209, 2055 QRID6E SR / ctrL�^�m.> • • • :tl TORIfNLLE: IL G05W eRln Qditadf.hC. „ _ ' s { E F It F _F 'fit g ®III) I Hitt, TANI w !, It ®HI� HIM. F I { IM ,' u AA,AI it nw ( tul ®III) F it r//J IEt, It Rim ® S �I. I III,l TIT III fffigi IN If f owl' 1 11 - ®lil n;inin' TIT Ali, ' rul fit 1111 ®I I : : tit Ut go faqyk sit AT ,u , j it� lt � 1 , R 8I , , , J; � M • �np7iifn]154 Filed for Record in K.ENDALL COUNTYr 7LLINAIS PAUL, ANDERSON 05- 11 - 2007 At 11 = 34 am , STATE OF ILLINOIS ) ORDINANCE 60 . 1,10 )SS RHSP Surchars ? 10 , 011 COUNTY OF KENDALL ) THIS IS A COVER PAGE FOR RECORDING PURPOSES ONLY Ordinance No, ORDINANCE APPROVING A REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN REDEVELOPMENT PROJECT AREA (TUSCAN PLAZA) WHEREAS, by Ordinance No. 2006-46 adopted by the Mayor and City Council of the City (the "Corporate Authorities") on .June 13, 2006, a Redevelopment Project and Plan for Downtown Yorkville (hereinafter the "Redevelopment Plan") was approved, which project and plan covered some of the oldest properties of the City which constitute a significant portion of the City's historic Downtown; and, WHEREAS, by Ordinance No. 2006-47 and No. 2006-48 adopted by the Corporate Authorities on June 1 .3, 2006, the City designated approximately 200 acres containing 114 buildings as a "redevelopment project area" ("Yorkville Doinnntown Redevelopment Project Area") and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11 -74.4- 1 et seq.) (hereinafter referred to as the "Act"); and, WHEREAS, the City received a proposal from Tuscan Plaza, Inc., for the redevelopment of property within the Yorkville Downtown Redevelopment Project Area located at 201 , 203 and 205 Bridge Street as a mixed use, three-story structure with retail on the first floor, 20 condominiums on the second and third floors and 29 underground parking spaces (the "Project'); and, WHEREAS, the Developer has demonstrated to the City that this Project requires extraordinary expenses to accomplish the Project including demolition of the existing building and construction of underground parking with an elevator to transport the vehicles to such parking, and, but for financial assistance from the City, the Project is not economically viable; and, WHERE AS, in order to induce the Developer to undertake the development of the Project, the Corporate Authorities have determined that it is in the best interest of the City and the health, safety, morals and welfare of the residents of the City for the City to provide financial assistance to the Developer as set forth in the Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area attached hereto and made a part hereof, because the development by the Developer of the Project is in the best interests of the City and the health, safety and welfare of its residents and taxpayers; because the development by the Developer shall provide job opportunities for the residents of the City; enhance the tax base of the City and other taxing districts; and, add to the overall prosperity of the City. NOW, THE, REF'ORE, DE IT ORDAINED by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, that the Redevelopment Agreement for the Downtown Redevelopment Project Area as presented to this meeting and attached to this Ordinance, is hereby approved and the Mayor and City Clerk are hereby authorized to execute and deliver said Agreement and undertake all actions as may be required to implement its terms. ADOPTED this day of 2007. APPROVED: La LU Mayor AYES: NAYS: ABSENT: Attest: wrkvilldmscorucdcvdop Ord REDEVELOPMENT AGREEMENT FOR THE DOWNTOWN YORIMLLE REDEVELOPMENT PROJECT AREA THIS AGREEMENT dated as of the l l day of May, 2007, by and between the United City of Yorkville, I{endall County, Illinois, a municipal corporation (hereafter the "City") and Tuscan Plaza, Inc., an Illinois corporation (hereafter the "Developer"). WITNESSETH: WHEREAS, by Ordinance No. 2006-46 adopted by the Mayor and City Council of the City (the "Corporate Authorities") on .June 13 , 2006, a Redevelopment Project and Plan for Downtown Yorkville (hereinafter the "Redevelopment Plan") was approved, which project and plan covered some of the oldest properties of the City which constitute a significant portion of the City' s historic Downtown; and, WHEREAS, by Ordinance No. 2006-47 and No. 2006-48 adopted by the Corporate Authorities on June 13, 2006, the City designated approximately 200 acres containing 114 buildings as a "redevelopment project area" ("Yorlcville Downtown Redevelopment Project Area") and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11 -74.4- 1 et seq.) (hereinafter referred to as the "Act"); and, WHEREAS, pursuant to the TIF Act, the Corporate Authorities are empowered to undertake the development and redevelopment of a designated area within its municipal limits in which existing conditions permit such area to be classified as a "conservation area" as defined in Section 11 .74.4.4-3(a) of the Act as in the case of the Yorkville Downtown Redevelopment Project Area; and, WHEREAS, the Corporate Authorities have determined that the blighting factors which are readily observed in the Yorkville Downtown Redevelopment Project Area are detrimental to the public and impair redevelopment of this area of the City, with the result that it is necessary to incur extraordinary costs in order to see it redeveloped and revitalized. The blighting factors in the Yorkville Downtown Redevelopment Project Area will continue to impair growth and redevelopment but for the use of tax increment allocation financing to pay Redevelopment Project Costs (as defined in Section .3 of this Agreement) which necessarily must be incurred to implement a program of redevelopment; and, WHEREAS, pursuant to the Act and in furtherance of the Redevelopment Plan, the City desires to enter into a Redevelopment Agreement with the Developer who has acquired the building located at 201 , 203 and 205 Bridge Street (the "Subject Property") which Redevelopment Agreement shall provide for the redevelopment of the Subject Property to include the following: (hereinafter the "Project'): (a) demolition of the existing structure which is obsolete for current retail purposes; (b) construction of a three story brick building with retail on the first floor street level and ten residential condominiums on each of the second and third floors; (c) construction of twenty-nine (29) underground parking spaces accessed by an elevator conveyance system for automobiles and equipped with ventilation, heat, drainage and a fire suppression system; and, (d) construction of a roof top garden. WHEREAS, in order to induce the Developer to undertake the development of the Project, the Corporate Authorities have determined that it is in the best interest of the City and the health, safety, morals and welfare of the residents of the City for the City to provide financial assistance to the Developer as hereinafter set forth because the development by the Developer of the Project pursuant to this Agreement is in the best interests of the City and the health, safety and welfare of its residents and taxpayers; because the development by the Developer shall 2 provide job opportunities for the residents of the City; because the development by the Developer shall enhance the tax base of the City and other taxing districts and shall add to the prosperity of the City; and, WHEREAS, the Developer warrants that without the financial assistance pursuant to the terns and conditions hereinafter set forth, the Developer would not proceed with the Project.. NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set forth, the parties agree as follows: Section I. Incorporation . The representations and recitations set forth in the preambles hereto are material to this Redevelopment Agreement and are hereby incorporated into and made a part of this Redevelopment Agreement as though fully set forth in this Section I and said representations and recitations constitute the understandings of the City and the Developer. Section 2. Conditions Precedent to the Obligations of the City. A. The Developer represents and warrants that the Developer has acquired fee simple title to the Subject Property and within thirty (30) days of the execution of this Agreement, shall submit a budget for the Project stating the total cost of the Project, including landscaping, fencing and signage (the "Budget') demonstrating an investment by the Developer of an amount in excess of $6,500,000. B. Within thirty (30) days of execution of this Agreement, the Developer shall deliver to the City a commitment for financing in an amount sufficient to undertake and complete development of the Project. 3 C. On or before August 31 , 2007, the Developer shall have obtained all required permits and approvals and have commenced construction of the Project in accordance with the approved permits. D. On or before August 31 , 2008, the Developer shall have completed construction of the Project and have obtained a certificate of occupancy for the street level first floor of the structure. Section .3. Undertakings on the Part of the City. Upon completion and satisfaction by the Developer of all of the actions hereinabove set forth, the City shall undertake the following: A. The City shall, subject to the limitations hereinafter set forth, reimburse the Developer for "Redevelopment Project Costs," as hereinafter defined and categorized on Exhibit A attached hereto, incurred by the Developer in connection with the development of the Project until the first to occur: termination of the benefits of the TIF Act as provided by law; or, (ii) receipt by the Developer of $ 1 ,833,000.00 in eligible Redevelopment Project Costs as hereinafter defined. & For purposes of this Agreement, "Redevelopment Project Costs" shall mean and include all costs defined as "redevelopment project costs" in section 11 -74.4-3(q) of the TIF Act which are eligible for reimbursement under the TIF Act, The City shall reimburse the Developer for Redevelopment Project Costs pursuant to this Agreement only from amounts on deposit from time to time in the Developer Subaccount of the STAF, as defined below. Monies deposited from time to time in the Special Tax Allocation Fund of the City (the "Special Tax Allocation Fund" or the "STAF"), established by the City pursuant to Ordinance No. 2006-48 will be used for the following purposes: 4 (i) On October 1 of each year [or, if later, that date which is ten ( 10) days following the date upon which the City receives Incremental Taxes (as defined below) from the second installment of real estate taxes (the "STAF .411ocation Date")], seventy- five percent (75%) of the monies credited to the STAF with respect to the Subject Property during the period from the inunediately preceding STAF Allocation Date to, but not including, the current STAF Allocation Date shall be transferred and deposited in the Developer Subaccount of the STAY (which Subaccount shall be automatically created by the ordinance approving this Agreement) and used solely to reimburse the Developer for Redevelopment Project Costs in accordance with this Agreement. (ii) Amounts in the Developer Subaccount of the STAY shall be used solely to reimburse the Developer for Redevelopment Project Costs in accordance with this Agreement. THE CITY' S OBLIGATIONS TO REIMBURSE THE DEVELOPER UNDER THIS AGREEMENT IS A LIMITED OBLIGATION PAYABLE SOLELY FROM INCREMENTAL TAXES DEPOSITED IN THE DEVELOPER. SUBACCOUNT OF THE STAF FROM TIME TO TIME AND SHALL NOT BE SECURED BY THE FULL FAITH AND CREDIT OF THE CITY. As used in this Agreement, "Incremental Taxes" shall mean the amount in the STAF equal to the amount of ad valorem taxes, if any, paid in respect of the Redevelopment Project Area and its improvements which is attributable to the increase in the equalized assessed value of the Subject Property and its improvements over the initial equalized assessed value of the Subject Property. Section 4. Procedures for and Application ofReimbarsement to the Developer. A. The Developer has advanced all funds and all costs necessary to (i) acquire the Subject Property, construct all of the required infrastructure for the Project and construct the Project; and, (ii) undertake all other matters eligible for reimbursement pursuant to this Agreement in connection with the foregoing. B. To establish a right of reimbursement for a specific Redevelopment Project Cost under this Agreement, the Developer shall submit to the City a written statement in the form attached to this Agreement as Exhibit B (a "Request for Reimbursement") setting forth the amount of reimbursement requested and the specific Redevelopment Project Costs for which reimbursement is sought. Each Request for Reimbursement shall be accompanied by such bills, contracts, invoices, lien waivers or other evidence as the City shall reasonably require to evidence the right of the Developer to reimbursement under this Agreement, The City shall have thirty (30) days after receipt of any Request for Reimbursement from the Developer to recommend to the City Treasurer approval or disapproval of such Request and, if disapproved, to provide the Developer, in writing and in detail, an explanation as to why the City is not prepared to recommend such reimbursement. The only reasons for disapproval of any expenditure for which reimbursement is sought shall be that inadequate documentation has been provided to substantiate such expenditure; that it was not incurred and completed by the Developer in accordance with all applicable City Code requirements and the provisions of this Agreement, including without limitation, all approved permits; or, that $ 1 ,833,000.00 has been paid to the Developer. It is hereby agreed that the Developer may exceed the amount per category as listed on Exhibit A so long as the total amount to be reimbursed pursuant to this Agreement does not exceed $ 1 ,833,000. The parties acknowledge that the determination of Redevelopment Project 6 Costs and qualification for reimbursement under this Agreement are subject to the TIP Act, all amendments to the TIF Act both before and after the date of this Agreement, and all administrative rules and judicial interpretations rendered during the term of this Agreement. The City has no obligation to the Developer to attempt to modify said rules or decisions but will cooperate with the Developer in obtaining approval of Redevelopment Project Costs. C. Reimbursement of Redevelopment Project Costs shall be made annually on each STAF Allocation Date (or, if later, the date which is ten ( 10) days following approval by the City of payment of such Redevelopment Project Costs); provided that reimbursement of Redevelopment Project Costs shall only be made to the extent money is available therefor in the Developer Subaccount of the STAF. To the extent money in the Developer Subaccount is insufficient to reimburse the Developer for Redevelopment Project Costs, such Request for Reimbursement shall be held for payment on the following STAF Allocation Date,. Section S. Uzzdertalcings on the Paz•t of Developer. A. The Developer covenants and agrees that the Project shall result in a private investment of no less than $6,500,000. B. The Developer hereby covenants and agrees to promptly pay, as the same become due, any and all taxes and governmental charges of any kind that may at any time be assessed with regard to its operation including all real estate taxes assessed against the Subject Property or any other location in the City owned or controlled by the Developer. Section 6. Term. Unless earlier terminated pursuant to Section 19, the term of this Redevelopment Agreement shall commence on the date of execution and end December 31 , 2029 (the " Termination Date"). 7 Section 7. Verification of Tax Increment. The Developer shall use its best efforts to cooperate with the City in obtaining certified copies of its real estate tax bills payable in 2007, and paid in each subsequent year during the term of this Redevelopment Agreement. Section 8. No Liability of City .for Others for Developers Expenses. The City shall have no obligation to pay costs of the Project or to make any payments to any person other than the Developer', nor shall the City be obligated to pay any contractor, subcontractor, mechanic, or materialman providing services or materials to the Developer for the development of the Project. Section 9. Time; Force Majeure. Time is of the essence of this Redevelopment Agreement, provided, however, a party shall not be deemed in material breach of this Redevelopment Agreement with respect to any obligations of this Redevelopment Agreement on such party's part to be performed if such party fails to timely perform the same and such failure is due in whole or in part to any strike, lock-out, labor trouble (whether legal or illegal), civil disorder, weather conditions, failure or interruptions of power, restrictive governmental laws and regulations, condemnations, riots, insurrections, acts of terrorism, war, fuel shortages, accidents, casualties, floods, earthquakes, fires, acts of God, epidemics, quarantine restrictions, freight embargoes, acts caused directly or indirectly by the other party (or the other party's agents, employees or invitees) or similar causes beyond the reasonable control of such party ("Force Majeure"). If one of the foregoing events shall occur or either party shall claim that such an event shall have occurred, the party to whom such claim is made shall investigate same and consult with the party making such claim regarding the same and the party to whom such claim is made shall grant any extension for the performance of the unsatisfied obligation equal to the period of the delay, which period shall commence to run from the time of the commencement 8 of the Force Majeure; provided that the failure of performance was reasonably caused by such Force Majeure, Section 70, Assignment, This Redevelopment Agreement may not be assigned by the Developer without the prior written consent of the City, which consent shall not be unreasonably withheld Section: 11. Developer 's Indemnification . The Developer shall indemnify and hold harmless the City, its agents, officers and employees against all injuries, deaths, losses, damages, claims, suits, liabilities, judgments, costs and expenses (including any liabilities, judgments, costs and expenses and reasonable attorney's fees) which may arise directly or indirectly from any third-party claims made against the City as a result of the failure of the Developer or any contractor, subcontractor or agent or employee thereof (so long as such contractor, subcontractor or agent or employee thereof is hired by the Developer) to timely pay any contractor, subcontractor, laborer or materialmen; from any default or breach of the terms of this Agreement by the Developer; or from any negligence or reckess or willful misconduct of the Developer or any contractor, subcontractor or agent or employee thereof (so long as such contractor, subcontractor or agent or employee is hired by the Developer), The Developer shall, at its own cost and expense, appear, defend and pay all charges of attorneys, costs and other expenses arising therefrom or incurred in connection therewith. If any judgment shall be rendered against the City, its agents, officers, officials or employees in any such action, the Developer shall, at its own expense, satisfy and discharge the same. The paragraph shall not apply, and the Developer shall have no obligation whatsoever, with respect to any acts of negligence or reckless or willful misconduct on the part of the City or any of its officers, agents, employees or contractors, 9 Section: 72. I41'aiver. Any party to this Redevelopment Agreement may elect to waive any remedy it may enjoy hereunder, provided that no such waiver shall be deemed to exist unless the party waiving such right or remedy does so in writing. No such waiver shall obligate such party to waive any right or remedy hereunder, or shall be deemed to constitute a waiver of other rights and remedies provided said party pursuant to this Redevelopment Agreement, Section: 1.3. Severabilig7. If any section, subsection, term or provision of this Redevelopment Agreement or the application thereof to any party or circumstance shall, to any extent, be invalid or unenforceable, the remainder of said section, subsection, term or provision of this Redevelopment Agreement or the application of same to parties or circumstances other than those to which it is held invalid or unenforceable, shall not be affected thereby. Section 14. Notices. All notices, demands, requests, consents, approvals or other instruments required or permitted by this Redevelopment Agreement shall be in writing and shall be executed by the party or an officer, agent or attorney of the party, and shall be deemed to have been effective as of the date of actual delivery, if delivered personally, or as of the third (3`d) day from and including the date of posting, if mailed by registered or certified mail, return receipt requested, with postage prepaid, addressed as follows: To the Developer. Tuscan Plaza, Inc. With a copy to: Melissa S. Barnhart Pilmer & Barnhart 215 Hillcrest Avenue P. O. Box 367 Yorkville, Illinois 60560 To the City: United City of Yorkville 800 Game Farm Road 10 Yorkville, Illinois 60560 Attention: City Administrator With a copy to: Kathleen Field Orr Kathleen Field Orr & Associates 180 North Michigan Avenue, Suite 1040 Chicago, Illinois 60601 Section IS. Successors in Interest. This Redevelopment Agreement shall be binding upon and inure to the benefit of the parties to this Redevelopment Agreement and their respective successors and assigns. Section I6 No Joint Venture, Agency or Partnership Created. Neither anything in this Redevelopment Agreement nor any acts of the parties to this Redevelopment Agreement shall be construed by the parties or any third person to create the relationship of a partnership, agency, or joint venture between or among such parties. Section 1 Z TVarrannties arnd Covenants of the Developer. A. The Developer hereby covenants and agrees to maintain good standing as an Illinois corporation throughout the term of this Redevelopment Agreement. B. The Developer hereby covenants and agrees to promptly pay, as the same become due, any and all taxes and governmental charges of any kind that may at any time be lawfully assessed against the Center with regard to its operation including all real estate taxes assessed against the Project or any other location in the City owned or controlled by the Developer. C. The Developer covenants and agrees that at all times it shall comply with all applicable zoning ordinances and regulations, building code, fire code and all other City ordinances, resolutions and regulations. 11 D The Developer hereby covenants and agrees to comply with all applicable laws, rules and regulations of the State of Illinois, the United States and all agencies of each of them having jurisdiction over it. Section 18. No Discrimination — Construction . The Developer for itself and its successors and assigns agrees that in the construction of the improvements at the Subject Property provided for in this Redevelopment Agreement the Developer shall not discriminate against any employee or applicant for employment because of race, color, religion, sex or national origin. The Developer shall take affirmative action to require that applicants are employed and that employees are treated during employment, without regard to their race, creed, color, religion, sex or national origin. Such action shall include, but not be limited to, the following: employment upgrading, demotion or transfer; recruitment or recruitment advertising and solicitations or advertisements for employees; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Developer agree to post in conspicuous places, available to employees and applicants for employment, notices, which may be provided by the City, setting forth the provisions of this nondiscrimination clause. Section 19. Remedies — Liability. A. If, in the City's judgment, the Developer is in material default of this Redevelopment Agreement, the City shall provide the Developer with a written statement indicating in adequate detail any failure on the Developer's part to fulfill its obligations under this Redevelopment Agreement. Except as required to protect against further damages, the City may not exercise any remedies against the Developer in connection with such failure until thirty 12 (30) days after giving such notice. If such default cannot be cured within such thirty (30) day period, such thirty (30) day period shall be extended for such time as is reasonably necessary for the curing of the same, so long as the Developer diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement. A default not cured as provided above shall constitute a breach of this Redevelopment Agreement. Any failure or delay by the City in asserting any of its rights or remedies as to any default or alleged default or breach shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach.. B. If the Developer materially fails to fulfill its obligations under this Redevelopment Agreement after notice is given by the City and any cure periods described in paragraph (a) above have expired, the City may elect to terminate this Redevelopment Agreement or exercise any right or remedy it may have at law or in equity, including the right to specifically enforce the terms and conditions of this Redevelopment Agreement. If any voluntary or involuntary proceeding in any court or tribunal shall be instituted to declare the Developer insolvent or unable to pay the Developer' s debts, or the Developer makes an assignment for the benefit of its creditors, or a trustee or receiver is appointed for the Developer or for the major part of the Developer's property, the City may elect, to the extent such election is permitted by law and is not unenforceable under applicable federal bankruptcy laws, but is nor required, with or without notice of such election and with or without entry or other action by the City, to forthwith terminate this Redevelopment Agreement under this Section, the City's sole obligation shall be to record, in the office of the Kendall County Recorder, a Certificate of 13 Default, executed by the Mayor of the City or such other person as shall be designated by the City, stating that this Redevelopment Agreement is terminated pursuant to the provisions of this Section, in which event this Redevelopment Agreement by virtue of the recording of such certificate, shall ipso facto automatically become null and void and of no further force and effect, . C. If, in the Developer's judgment, the City is in material default of this Redevelopment Agreement, the Developer shall provide the City with a written statement indicating in adequate detail any failure on the City's part to fulfill its obligations under this Redevelopment Agreement. The Developer may not exercise any remedies against the City in connection with such failure until thirty (30) days after giving such notice. If by its nature such default cannot reasonably be cured within such thirty (30) day period, such thirty (30) day period shall be extended for such time as is reasonably necessary for the curing of the same, so long as the City diligently proceeds with such cure; if such default is cured within such extended period, the default shall not be deemed to constitute a breach of this Redevelopment Agreement. A default not cured as provided above shall constitute a breach of this Redevelopment Agreement . Any failure or delay by the Developer in asserting any of their rights or remedies as to any default or any alleged default or breach shall not operate as a waiver of any such default or, breach of shall not operate as a waiver of any such default or breach of any rights or remedies it may have as a result of such default or breach, D, In addition to any other rights or remedies, a party may institute legal action against the other party to cure, correct or remedy any default, or to obtain any other remedy consistent with the purpose of this Redevelopment Agreement, either at law or in equity, 14 including, but not limited to the equitable remedy of an action for specific performance; provided, however, no recourse under or upon any obligation contained herein or for any claim based thereon shall be had against the City, its officers, agents, attorneys, representatives or employees in any amount or in excess of any specific sum agreed to be paid by the City hereunder, and no liability, right or claim at law or in equity shall be attached to or incurred by the City, its officers, agents, attorneys, representatives or employees in any amount in excess of any specific sums agreed by the City to be paid hereunder and any such claim is hereby expressly waived and released as a condition of and as consideration for the execution of this Redevelopment Agreement by the City, Notwithstanding the foregoing, in the event either party shall institute legal action against the other party because of a breach of any Redevelopment Agreement or obligation contained in this Redevelopment Agreement, the prevailing party shall be entitled to recover all costs and expenses, including reasonable attorneys' fees, incurred in connection with such action. E, The rights and remedies of the parties are cumulative and the exercise by a party of one or more of such rights or remedies shall not preclude the exercise by it, at the same time or different times, of any other rights or remedies for the same default or for any other default by the other party. Section 20, Amendment. This Redevelopment Agreement, and any exhibits attached to this Redevelopment Agreement, may be amended only in a writing signed by all the parties with the adoption of any ordinance or resolution of the City approving said amendment, as provided by law, and by execution of said amendment by the parties or their successors in interest. Except 15 as otherwise expressly provided herein, this Redevelopment Agreement supersedes all prior Redevelopment Agreements, negotiations and discussions relative to the subject matter hereof, Section ll. Counteiparts. This Redevelopment Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 16 IN WITNESS WHEREOF, the parties hereto have caused this Redevelopment Agreement to be executed by their duly authorized officers on the above date at Yorkville, Illinois. United City of Yorkville, an Illinois municipal corporation By: Mayor Attest T)i�;, PU TY City Clerk Tuscan Plaza, an Illinois corporation By: 0 - &, Pre 'd t Attest: cretary yodvi11dtusenredwe1op.n5m Exhibit A Eligible Redevel0p17ie77t Project Casts Site Work — General Condition $76,000.00 Surveyor $22,000.00 Soil Engineering $271000.00 Excavation $82,000.00 Demolition $72,000.00 Sewer and Water $ 1295000.00 Architectural $353,000.00 Conveying System $ 1611000.00 Roof Top Garden $66,000..00 Railroad Fees $ 14,000.00 Parking Lot $297,000.00 Masonry $ 124,000.00 HVAC (Garage Only) $55,000.00 Plumbing $637000.00 Fire Protection $44,000.00 Electrical $65,000.00 Legal $45,000.00 Marketing $38,000.00 Interest $ lOO 000.00 Total $ 1 ,8331000.00 18 Exhibit B REQUEST FOR REIMBURSEMENT City of Yorkville Yorkville, Illinois 61490-9999 Re: Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area dated , by and between the City of Yorkville, an Illinois municipal corporation, and Tuscan Plaza Inc., an corporation (collectively the "Developer") Dear Sir: You are requested to approve the disbursement of funds from the Sub-Account established by the City of Yorkville pursuant to the Agreement described above in the amount(s), to the person(s) and for the purpose(s) set forth in this Request for Reimbursement. 1 . Request for Reimbursement No. : 2. Payment Due to: 3. Amount to be Disbursed: 4. The amount requested to be disbursed pursuant to this Request for Reimbursement will be used to pay Redevelopment Project Costs as defined in the Agreement and as listed on the Schedule to this Request for Reimbursement. 5. The undersigned certifies that: (i) the amounts included in 3 above were made or incurred or financed and were necessary for the project and were made or incurred in accordance with the construction contracts, plans and specifications heretofore in effect; (ii) the amounts paid or to be paid, as set forth in this Request for Reimbursement, represents a part of the funds due and payable for Redevelopment Project Costs; (iii) the expenditures for which amounts are requisitioned represent proper Redevelopment Project Costs identified in the Agreement, have not been included in any previous Request for Reimbursement, have been properly recorded on the Developer's books and are set forth on the attached Schedule, with paid invoices attached for all sums for which reimbursement is requested; (iv) the moneys requisitioned are not greater than those necessary to meet obligations due and payable or to reimburse the Developer for his funds actually advanced for Redevelopment Project Costs; (v) the amount of Redevelopment Project Costs to be reimbursed in accordance with this Request for Reimbursement, together with all amounts reimbursed to the Developer pursuant to the Agreement, is not in excess of $1 , 833,000; (vi) the Developer is not in default under the Agreement and nothing has occurred to the knowledge of the Developer that would prevent the performance of its obligations under the Agreement.. 6, Attached to this Request for Reimbursement is Schedule # together with copies of invoices or bills of sale and Mechanic's Lien Waivers covering all items for which reimbursement is being requested. Tuscan Plaza, Inc. an corporation Date. By: APPROVED: City of Yorkville, an Illinois municipal corporation 19 Legal Description of Subject Property Parcel One (201 -203 Bridge): Lots I and 9 in Block 1 of Black's Addition to the Village of Yorkville, In the United City of the Village of Yorkville, Kendall County, Illinois. Parcel Two (205 Bridge): The north '/ of Lots 2 and 10 in Block 1 of the Black's Addition to the Village of Yorkville, in the United City of the Village of Yorkville, Kendall County, Illinois. }nr700A27713 Filed (' or Rep_ord in KENDALL CAUNriF ILLINOIS' PAUL ANDERSON 'J 13-213117 At 04 = 20 em , STATE OF ILLINOIS ) ORDINANrE sn , ro; )SS e_ RNBP Surcharge-hers _ i0 „ 1313 COUNTY OF KENDALL ) THIS IS A COVER PAGE FOR RECORDING PURPOSES ONLY Ordinance No. o2007 - 6V ORDINANCE APPROVING TIIE FIRST AMENDMENT TO THE, REDEVELOPMENT AGREEMENT FOR TIIE DOWNTOWN REDEVELOPMENT PROJECT AREA (TUSCAN PLAZA) WHEREAS, by Ordinance No. 2006-46 adopted by the Mayor and City Council of the City (the "Corporate Authorities") on June 13, 2006, a Redevelopment Project and Plan for Downtown Yorkville (hereinafter the "Redevelopment Plan") was approved, which project and plan covered some of the oldest properties of the City constituting a significant portion of the City's historic Downtown; and, WHEREAS, by Ordinance No. 2006-47 and No. 2006-48 adopted by the Corporate Authorities on June 1 .3, 2006, the City designated approximately 200 acres containing 114 buildings as a "redevelopment project area" ("Yorkville Downtown Redevelopment Project Area") and adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act (65 ILCS 5/ 11 -74,4- 1 et seq) (hereinafter referred to as the "Act"); and, WHEREAS, the City received a proposal from Tuscan Plaza, Inc., for the redevelopment of property within the Yorkville Downtown Redevelopment Project Area located at 201 , 203 and 205 Bridge Street as a mixed use, three-story structure with retail on the first floor, 20 condominiums on the second and third floors and 29 underground parking spaces (the "Project"); and, WHEREAS, the Developer demonstrated to the City that this Project requires extraordinary expenses to accomplish the Project including demolition of the existing building and construction of underground parking with an elevator to transport the vehicles to such parking, and, but for financial assistance from the City, the Project is not economically viable; and, WHEREAS, in order to induce the Developer to undertake the development of the Project, on May 8, 2007, pursuant to Ordinance No. 2007-40, the Corporate Authorities approved a Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area (the "Original Agreement") providing, among other things, for the reimbursement of certain eligible redevelopment Project costs under the Act to the Developer; and, WHEREAS, in order to obtain financing for the Project, the Developer has requested the City to issue "Developer's Notes" to evidence the amount of reimbursable Project costs due to the Developer pursuant to the Original Agreement from the incremental real estate taxes to be derived from the Project, which Developer Notes shall be assigned by the Developer to the lender as additional collateral to the lender. NOW, THEREFORE, BE IT ORDAINED by the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois, that the First Amendment to the Redevelopment Agreement for the Downtown Redevelopment Project Area as presented to this meeting and attached to this Ordinance, is hereby approved and the Mayor and City Clerk are hereby authorized to execute and deliver said First Amendment and undertake all actions as may be required to implement its terms. ADOPTED this ` day of ��G{C),L(�.� 2007. OO APPROVED : A AYES Mayor : NAYS: C� ABSENT:_f Attest* / l�� f �r7-�/ rty Clerk FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR TIDE DOWNTOWN YORKVILLE REDEVELOPMENT PROJECT AREA THIS FIRST AMENDMENT to the Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area dated this 'A day of August, 2007, by and between the United City of Yorkville, Kendall County, Illinois, an Illinois municipal corporation (the "Cite") and Tuscan Plaza, Inc., an Illinois corporation (the "Developer") amending that certain Redevelopment Agreement for the Downtown Yorkville Redevelopment Project Area dated May 11 , 2007, by and between the Village and the Developer (the "Original Agreement"),. PREAMBLES WHEREAS, in 2006, the United City of Yorkville, by its Mayor and City Council ("Corporate Authorities"), adopted the Tax Increment Allocation Redevelopment Act (65 ILCS 5/11 -74.4- 1 et seq. ) (the "TIF Act") for the Yorkville Downtown Redevelopment Project Area, a redevelopment project area as defined by the TIF Act; and, WHEREAS, pursuant to the TIF Act the Corporate Authorities are empowered to induce the development and redevelopment of properties within a designated redevelopment project area through the reimbursement of eligible redevelopment project costs as defined by the TIF Act; and, WHEREAS, pursuant to its powers under the TIF Act, the Corporate Authorities approved the Original Agreement which provided for reimbursement of eligible redevelopment Project Costs in an amount not to exceed $ 1 ,833,000 in connection with a project to be undertaken by the Developer at 201 , 203 and 205 Bridge Street (the "Subject Propert)�") which included the following components (hereinafter the "Project"). (a) demolition of the existing structure which is obsolete for current retail purposes; (b) construction of a three story brick building with retail on the first floor street level and ten residential condominiums on each of the second and third floors; (c) construction of twenty-nine (29) underground parking spaces accessed by an elevator conveyance system for automobiles and equipped with ventilation, heat, drainage and a fire suppression system; and, (d) construction of a roof top garden. WHEREAS, the commitment on the part of the Corporate Authorities to reimburse the Developer for eligible redevelopment project costs was based upon the Developers representation that "but for" such assistance the Project could not be undertaken; and, WIIEREAS, the Developer, has now requested that the City issue "Developer's Notes" evidencing the City's obligation to reimburse the Developer as aforesaid, it being understood that said Developer's Notes would be issued upon demonstration that the Developer has expended the eligible redevelopment cost and that the Developer's Notes would be payable solely and only from 75% of the Incremental Taxes (as defined in the Original Agreement) derived ftom the Subject Property and the Project; and, WHEREAS, the Developer has advised the City that the Developer's Notes shall be assigned to a lender as additional collateral for any loan undertaken by the Developer, thereby enabling the Developer to obtain sufficient financing for all costs to be incurred in connection with the construction and completion of the Project. NOW, THEREFORE, for and in consideration of the foregoing Preambles and the mutual covenants hereinafter set forth and the mutual covenants set forth in the Original Agreement, the parties agree as follows: Section 1., Incorporation. . The recitations set forth in the Preambles hereto are material to this Agreement and are hereby incorporated into and made a part hereof as if fully set forth in this Section 1 and said recitations constitute the understandings of the City and the Developer. Revised August 16, 2007 2 Section 2, Amendment of Section 2, The Original Agreement is hereby amended by deleting paragraphs B, C and D of Section 2 thereof and replacing it with the following: "B.. On or before September 30, 2007, the Developer shall deliver to the City a commitment for financing an amount sufficient to undertake and complete development of the Project. C. On or before November 30, 2007, the Developer, shall have obtained all required permits and approvals and have commenced construction of the Project in accordance with the approved permits. D. On or before December 31 , 2008, the Developer shall have completed construction of the Project and have obtained a certificate of occupancy for the street level first floor of the structure." Section 3. Amendment of Section 4, The Original Agreement is hereby amended by deleting paragraph C. of Section 4 thereof and replacing it with the following: "C.. Reimbursement of Redevelopment Project Costs shall be made annually on each STAF Allocation Date (or, iflater, the date which is ten ( 10) days following approval by the City of payment of such Redevelopment Project Costs) provided that reimbursement of Redevelopment Project Costs shall only be made to the extent money is available therefore in the Developer Sub-Account. To the extent money in the Developer Sub-Account is insufficient to reimburse the Developer for Redevelopment Project Costs, the City shall evidence its obligation to reimburse the Developer for Redevelopment Project Costs (other than Interest Costs) by the execution and delivery of one or more notes, which Notes shall be deemed obligations issued by the City pursuant to the TIF Act, The Note shall be in the form attached hereto as Exhibit A. THE NOTES SHALL NOT CONSTITUTE GENERAL OBLIGATIONS OF THE CITY, NOR Revised August 16, 2007 3 SHALL THEY BE SECURED BY THE FULL FAITH AND CREDIT OF THE CITY. ALL. NOTES SHALL BE PAYABLE SOLELY FROM TAX INCREMENT DEPOSITED FROM TIME TO TIME IN THE DEVELOPER SUB-ACCOUNT. All notes shall be secured by a lien on and a pledge of those monies deposited from time to time in the STAF to be paid to the Developer or their assignees. The principal balance of each Note shall bear interest at a per annum rate equal to the prime rate on the issue date of such Note or, at a per annum rate equal to the interest rate then being paid by the Developer to finance the costs of the Project. "Prime rate" is defined as the per annum rate of interest published as the "prime rate" by the Wall Street Journal on the issue date of the Note. All notes shall mature on or before the Termination Date, as hereafter defined. Monies available to pay principal and interest obligations on outstanding Notes shall be applied first to the earliest dated of the outstanding Notes and thereafter to all subsequently dated outstanding Notes with the most recently dated Notes being paid last. Notwithstanding the foregoing, if money is not available in the Developer Sub-Account to reimburse the Developer for Redevelopment Project Costs and the reason therefor is that the Developer or its successors in interest has not paid real estate taxes on the Subject Property, when due and owing, the City shall not be required to issue a Note on amounts representing such unpaid real estate taxes." D. Monies distributed from the Developer Sub-Account to reimburse the Developer for Redevelopment Project Costs (including Interest Costs and Notes) as provided above shall be applied in the following priority: (i) First, to Interest Costs eligible for reimbursement pursuant to this Agreement, subject to the limitations contained in the TIF Act; provided, if in any year during the term of this Agreement the Developer is not fully reimbursed for all eligible Interest Costs, the Developer shall be reimbursed first in subsequent years for unreimbursed Interest Costs that Revised August 16, 2007 4 have accrued from prior years and shall be reimbursed second for eligible Interest Costs for the then current year. There shall not accrue any interest on Interest Costs. (ii) Second, to pay interest accruing due on outstanding Notes in the order of the date of issue, as provided in this Agreement. (iii) Third, to pay principal due on outstanding Notes, in the order of the date of issue, as provided in this Agreement. Section 4, Restatement. All other terns and conditions set forth in the Original Agreement are hereby restated as if fully represented herein. Section S. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Revised August 16, 2007 5 (ii) Second, to pay interest accruing due on outstanding Notes in the order of the date of issue, as provided in this Agreement. (iii) Third, ay In due on outstanding Notes, in th er of the date of issue, as pro ed in this Agreement. Section 3, Restatement. All other term nditions set forth in the Original Agreement are hereby restated as if fully re ented herein. Section 4. Count - rts. This Agreement may be executed two or more counterparts , of which shall be deemed an original but all of which together all c itute one and the same instrument, IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers on the above date at the United City of Yorkville, Illinois. United City of Yorkville, an Illinois municipal corporation By: digAx , S&ZAX Mayor Attest. l% City Clerk Tuscan Plaza, an Illinois corporation By: Awa ' Preside Attest: /'� �� ecretary Exhibit A NOTE UNITED CITY OF YORKVILLE, KENDALL COUNTY SPECIAL TAX INCREMENT REVENUE NOTE (Note No. ) Downtown Yorkville Tax Increment Redevelopment Project Area $ 1200 WHEREAS, pursuant to its powers and in accordance with the requirements of the TIT Act, the Corporate Authorities, designated a Redevelopment Project Area and approved a Redevelopment Plan for the redevelopment of the Redevelopment Project Area; and, WHEREAS, pursuant to its powers and in accordance with the requirements of the TIF Act, the Corporate Authorities approved tax increment allocation financing for the purpose of implementing the Redevelopment Plan for the Redevelopment Project Area; and, WHEREAS, on May 11 , 2007, the City and Tuscan Plaza, Inc. ("Developer"), entered into a certain redevelopment agreement (the "Redevelopment Agreement") which was thereafter amended on August 28, 2007, the "First Amendment"); and, WHEREAS, pursuant to the Redevelopment Agreement and the First Amendment, the City has agreed to reimburse the Developer for Redevelopment Project Costs incurred by the Developer in connection with or as a result of the redevelopment of certain portions of the Redevelopment Project Area. NOW, THEREFORE, the City, by and through the Corporate Authorities, covenants and agrees as follows: 1 . Incorporation of recitals and definitions of terms. The foregoing recitals are incorporated into this Note as if they were fully set forth in this Section 1 . All capitalized terms, unless otherwise specifically defined herein, shall have the meanings given them in the Redevelopment Agreement and First Amendment. Revised August 16, 2007 7 2. Promise to pay. Subject to the limitations contained in the Redevelopment Agreement and the First Amendment, the City promises to pay to the order of the Developer, or their legal assignees in accordance with the terns of this Note, the principal sum of $ together with interest on the balance of such principal sum outstanding from time to time at the rate of percent (_%) (the interest rate shall be as described in Section 4(c) of the First Amendment.) 3 . Pledge of, and lien on, Incremental Taxes deposited in the STAF. THIS NOTE SHALL, BE PAYABLE FROM AND SECURED BY A PLEDGE OF, AND LIEN ON, INCREMENTAL TAXES DEPOSITED FROM TIME. TO TIME IN THE DEVELOPER SUB-ACCOUNT. SUCH PAYMENT, PLEDGE AND LIEN SHALL BE SUBJECT AND SUBORDINATE ONLY TO THE PRIOR PAYMENTS, PLEDGES AND LIENS PROVIDED FOR IN THE REDEVELOPMENT AGREEMENT AND THE FIRST AMENDMENT. 4. Payments, Payments on account of the indebtedness evidenced by this Note shall be made as set forth below, subject to the limitations contained in the Redevelopment Agreement and the First Amendment, including, without limitation, the requirement that Incremental Taxes be available for such purpose. All principal and interest amounts then outstanding shall be due and payable, subject to the remaining provisions of this Section 4, on or before the earlier of the Termination Date as defined in the Redevelopment Agreement or the twentieth (200 ) anniversary date of this Note (the "Maturity Date"). Payments on the principal balance and interest obligations of this Note shall be due in each year during which payments are or remain due to the Developer on the STAF Allocation Date to the extent monies are in the Developer Sub-Account and is available for such purpose. Payments on this Note shall continue, subject to the terms hereof, until all principal and interest obligations due hereunder have been satisfied in full. Notwithstanding anything to the contrary contained herein, this Note shall be canceled automatically on the first to occur of the date when all obligations are met under the Redevelopment Agreement and the First Amendment; the Termination Date; or, the twentieth anniversary of the date of issuance. Payments on this Note made from monies deposited in the Developer Sub- Account shall be applied first to reduce all interest due on this Note and then to the outstanding principal balance. Payments made under this Note shall be in the amount of all monies in the Developer Sub-Account to the extent that said monies are available, as provided for in the Redevelopment Agreement and the First Amendment, to reimburse the Developer for the sums due hereunder. To the extent the City executes and delivers other Notes pursuant to the terns of the Redevelopment Agreement and the First Amendment, payments of interest obligations coming due on such other Notes shall be made prior to the payments of interest obligations coming due on this Note and payments of principal coming due on such other Notes shall be made prior to the payment of principal coming due on this Note, if such other Notes are dated as of a date which is earlier than the date of this Note, and such obligations shall continue to be of force and effect, with respect to each of such Revised August 16, 2007 8 earlier dated Notes, until all principal and interest obligations coining due on such Notes have been satisfied in full by the City, 5. Place of pa)nnent. Payments made under this Note by the City shall be made by check payable to the order of the Developer and mailed to the Developer at such address as the Developer may designate in writing from time to time. 6. Limited obligation of the Cth). THIS NOTE 1S NOT SECURED BY THE FULL, FAITH AND CREDIT OF THE CITY AND IS NOT PAYABLE OUT OF THE CITY'S GENERAL REVENUE FUND. THIS NOTE CONSTITUTES A LIMITED OBLIGATION OF THE CITY, AND ALL PAYMENTS DUE UNDER THIS NOTE SHALL BE PAYABLE SOLELY FROM INCREMENTAL, TAXES THAT ARE AVAILABLE FOR SUCH PURPOSE. UNDER THE PROVISIONS OF THE REDEVELOPMENT AGREEMENT, FAILURE OF THE CITY TO REIMBURSE DEVELOPER FOR REDEVELOPMENT PROJECT COSTS DUE TO INSUFFICIENT FUNDS GENERATED WITHIN THE DEVELOPER SUB-ACCOUNT SHALL NOT BE DEEMED A DEFAULT OF THIS NOTE ON THE PART OF THE CITY. 7. Default. If Incremental Taxes are available to make any payment required by this Note, and if the City thereafter fails to make such payment, the City shall be deemed to be in default under this Note. After any default, the Developer may bring an action in any court of competent ,jurisdiction to enforce payment of this Note, provided that the Developer shall have first given the City notice of its intent to bring such action and thirty (30) days to cure any such default. Failure of the Developer to exercise its right to bring an action to remedy a default hereunder shall not constitute a waiver of its right to bring an action to remedy any subsequent default. 8. Miscellaneous. (a) If' any provision of this Note is found by a court of competent jurisdiction to be in violation of any applicable law, and if such court should declare such provision to be unlawful, void or, unenforceable as written, then it is the intent of the City and the Developer that such provision shall be given full force and effect to the fullest possible extent that is legal, valid and enforceable, that the remainder of this Note shall be construed as if such unlawful, void or unenforceable provision was not contained herein, and that the rights, obligations and interests of the City and the Developer shall continue in full force and effect. (b) Upon endorsement, assignment or other transfer of this Note by the Developer or by operation of law, the term "Developer" as used herein shall mean such endorsee, assignee, or other transferee or successor of the Developer then becoming holder of this Note. This Note shall inure to the benefit of the Developer, its successors and assigns and successor holders of this Note, and shall be binding upon the City and its successors and assigns. Notwithstanding the foregoing, this Note shall be fully assignable by the Developer to any lender who financed the development of the Project. With the exception of any such lenders and any assignee which is owned by the same Revised August 16, 2007 9 persons or entities as the Developer, this Note may only be assigned by the Developer to others with the prior written consent of the City. (c) Any notice, request, demand, instruction or other document to be given or served hereunder shall be addressed, delivered and deemed effective as provided in the Redevelopment Agreement and the First Amendment. (d) The provisions of this Note shall not be deemed to amend the provisions of the Redevelopment Agreement or the First Amendment in any respect. To the extent of any conflict or inconsistency between the provisions of the Redevelopment Agreement; the First Amendment; and, the provisions of this Note, the Redevelopment Agreement shall in all instances supersede and control. This Note is executed as of the date first written above. United City of Yorkville, an Illinois municipal corporation By: Its Mayor Attest,: City Clerk Revised August 16, 2007 10 i i i III I Legal Deser iption of Subject Property Parcel One (201 -203 Bridge): Lots 1 and 9 in Block i of Black's Addition to the Village of Yorkville, In the United City of the Village of Yorkville, Kendall County, Illinois. Parcel Two (205 Bridge): The north %2 of Lots 2 and I0 in Block I of the Black's Addition to the Village of Yorkville, in the United City of the Village of Yorkville, Kendall County, Illinois. i i i