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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: __ © -3+ C.
Alton Industry Ltd. Group and Innovation Partners LLC
FILE NUMBER:
Resolution No. 19-R-0035 — Partial Property Tax COMMITTEE AGENDA DATE: 8/22/19
Abatement
COUNCIL AGENDA DATE: 9/3/19
Resolution No. 19-R-0036 — Economic Incentives
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR:
SIGNATURE
ITEM SUMMARY:
In 2015, the Finance Committee endorsed a package of incentives to attract larger businesses to our community,
which included a partial property tax abatement, partial rebates of utility taxes and a partial waiver of building
permit fees.
Alton Industry Ltd. Group is looking to construct a 140,000-160,000 square foot building on between 10-23 acres
in the DuPage Business Center and move its office/warehousing operation from Batavia, Illinois.
The incentives tentatively agreed to by the parties include the following: (1) a 50% property tax abatement for 10
years, up to $4,000,000 by District 33, District 94, the Fire Protection District, the Library District, the DuPage
Airport Authority and the City; and (2) a waiver of 50% of the building permit fees by the City (excluding the sewer
capacity charge and third party fees paid for by the City).
In return for the incentives, the building would need to remain operational for 15 years, or else there are clawback
provisions that would result in portions of the incentives being repaid, the amount determined by the number of
years the building was occupied.
These are the same incentives given to Suncast, Norix and Ball Horticultural, but in those, there was an incentive
for a utility tax rebate of there was a manufacturing component.
ACTIONS PROPOSED:
Staff recommends approval of Resolutions No. 19-R-0035 and 19-R-0036.
COMMITTEE RECOMMENDATION:
The Finance Committee unanimously recommends approval of Resolutions No. 19-R-0035 and 19-R-0036.