===== PDF PAGE 79 =====
[Extraction: OCR (rendered-page OCR)]
CITY OF WEST CHICAGO
CITY COUNCIL
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: __ ©: @.
Resolution No, 20-R-0057 — Partial Property Tax
Abatement — Scannell Properties #371 LLC FILE NUMBER:
COMMITTEE AGENDA DATE: N/A
COUNCIL AGENDA DATE: 12/7/2020
STAFF REVIEW: SIGNATURE
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Attached is a request for a partial property tax abatement from a representative of Scannell Properties for
a 250,000 square foot building in the DuPage Business Center. Also included is a property tax analysis
and an IGA. This is a speculative building for which Shorr Packaging is interested in signing an eight
year lease for the entire facility.
This IGA is nearly identical to the one done with Midwest Industrial Funds, the other speculative building
in the DuPage Business Center.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution No. 20-R-0057.
COMMITTEE RECOMMENDATION:
This item did not go to Committee because it falls within the parameters already established by the City
Council and it is nearly identical to the one done with Midwest Industrial Funds.

===== PDF PAGE 80 =====
[Extraction: OCR (rendered-page OCR)]
RESOLUTION NO. 20-R-0057
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN
INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF WEST CHICAGO,
DUPAGE AIRPORT AUTHORITY, WEST CHICAGO LIBRARY DISTRICT, WEST
CHICAGO FIRE PROTECTION DISTRICT, WEST CHICAGO ELEMENTARY DISTRICT
33, COMMUNITY HIGH SCHOOL DISTRICT 94 AND SCANNELL PROPERTIES #371,
LLC IN REGARD TO A PROPERTY TAX ABATEMENT RELATIVE TO THE
DEVELOPMENT OF THE SCANNELL PROPERTY
BE IT RESOLVED by the City Council of the City of West Chicago, in regular session
assembled, that the Mayor is hereby authorized to execute an Intergovernmental Agreement
Between the City of West Chicago, DuPage Airport Authority, West Chicago Library District,
West Chicago Fire Protection District, West Chicago Elementary District 33, Community High
School District 94 and Scannell Properties #371, LLC in Regard to a Property Tax Abatement
Relative to the Development of the Scannell Property, a copy of which, in substantially the same
form, is attached hereto and incorporated herein as Exhibit “A”.
APPROVED this 7" day of December, 2020.
AYES:
NAYES:
ABSTAIN:
ABSENT:
Mayor Ruben Pineda
ATTEST:
City Clerk Nancy M. Smith

===== PDF PAGE 81 =====
[Extraction: OCR (rendered-page OCR)]
800 East 96" Street, Suite 175 ff fl
Indianapolis, Indiana 46240
T 317.843.5959 SCANNELL
F 317.843.5957 PROPERTIES
October 1, 2020
EMAIL DELIVERY
Mr. Michael Guttman
West Chicago City Manager
City of West Chicago
435 Main Street
West Chicago, IL 60185
Re: Real Estate Tax Abatement Incentive — 555 Innovation Drive
Dear Mr. Guttman:
Please accept this letter as a request of the City of West Chicago for consideration of real estate
tax abatements in cooperation with other local taxing bodies. We have a potential tenant, Shorr
Packaging, that is growing rapidly and is in need of a second facility in the Chicagoland area to
support their customers. Among the existing buildings under consideration is the 250,000 square
foot speculative warehouse developed by Scannell Properties located at 555 Innovation Drive in
West Chicago.
If Shorr Packaging decides to expand at 555 Innovation Drive in West Chicago, they are
anticipated to sign a seven year and four month lease for the 250,000 square foot facility which
would obligate them to pay a minimum of $8.75 million in base rent and the landlord to fund $2
million in additional improvements to the shell of the building. Additionally, they anticipate
purchasing $1.5 million in fixtures, furniture and equipment to build out the new space and plan
to create 16 (growing to 22) new full-time jobs, expected to be filled by DuPage County
residents. In addition, they will employ 30 (growing to 50) contract workers to support thier peak
business season between October and January. Subject to tax abatement approval, the lease will
commence on January 1, 2021.

===== PDF PAGE 82 =====
[Extraction: OCR (rendered-page OCR)]
800 East 96" Street, Suite 175 ff fl
Indianapolis, Indiana 46240
T 317.843.5959 SCANNELL
F 317.843.5957 PROPERTIES
In addition to the new jobs and revenue that Shorr will bring to West Chicago within this
250,000 square foot facility, a further boost to the local economy could be on the horizon via a
possible expansion of this facility up to 600,000 square feet. Shorr's current corporate
headquarters is located in Aurora, IL, and a relocation of the headquarters to West Chicago is
under consideration if the company can make a satisfactory opening of operations within the
existing 250,000 square feet at 555 Innovation Drive. Scannell has had preliminary discussions
with Shorr on how that expansion might work on the adjacent vacant land parcel. The
projections for jobs and revenue noted in this letter can be expected to more than double if/when
such an expansion is completed.
We are requesting consideration of economic incentives in the form of property tax abatement.
Also attached is a spreadsheet illustrating property tax abatement in line with abatements agreed
to by the City in support of other projects in the DuPage Technology Park. Shorr Packaging has
been a community leader for 95+ years and intends to continue in that role. Further information
regarding Shorr and this project accompanies this letter.
Sincerely,
William Linville
Managing Director, Partner

===== PDF PAGE 83 =====
[Extraction: OCR (rendered-page OCR)]
800 East 96" Street, Suite 175 ff (|
Indianapolis, Indiana 46240
T 317.843,5959 SCANNELL
F 317.843.5957 PROPERTIES
Company Background
Shorr Packaging Corporation is an industry-leading, award-winning distributor of
packaging products, equipment and services. We represent the best-known packaging
product manufacturers and brands in the industry and are one of the largest independent
packaging distributors in the nation. Founded in 1922, we have established a long history
and success record, all attributed to one simple principle - listen to the customer. Our
primary customer base includes E.Com distribution, 3PL warehousing and distribution,
general manufacturing, pharma and food packaging distribution. We have grown our
business organically and expect to grow to a $1 billion-dollar company by 2027.
Community Contributions and Support
In December of 2012 Shorr Packaging Corp. became 100% ESOP owned and converted to
an S-Corp. We were named "Company of the Year" by the Illinois Chapter of the ESOP
Association in 2015. We proudly employ over 420 ESOP employee-owners in multiple
locations from Los Angeles, California to Allentown, Pennsylvania.
Shorr has committed to growing our local footprint within DuPage County. In 2016, we
consolidated our corporate headquarters and warehouse at 800 N. Commerce Street in
Aurora along with four other locations into a newly constructed facility at 4000 Ferry Road
in Aurora. Because of our significant growth, we have already outgrown this building. Our
new building will expand our capacity to support the growing needs of our local customers.
We plan to continue to hire and train additional employees in DuPage County as we build
out our footprint here in the western suburbs. Upon expiration of our existing local building
leases (2028), we plan to build a new corporate headquarters and consolidate into one
building once again.

===== PDF PAGE 84 =====
[Extraction: OCR (rendered-page OCR)]
800 East 96" Street, Suite 175 A C
Indianapolis, Indiana 46240
T 317.843.5959 SCANNELL
F 317.843.5957 PROPERTIES
Project Specifics
Shorr estimates its employment and capital investments as follows:
¢ Lease: $8.75 million (base rent)
e Building Construction: $2.0 million (interior improvements)
e Equipment and Machinery Purchases: $1.5 million
e Annual Equipment leases $59,000.00
If the project is located in West Chicago, Shorr also expects to hire approximately 16
growing to 22 new full-time employees and 30 growing to 50 seasonal contract workers.
Shorr plans to pay average total compensation of $43,000, plus the value of ESOP
retirement contributions and benefits.

===== PDF PAGE 85 =====
[Extraction: OCR (rendered-page OCR)]
555 Innovation Drive
West Chicago, IL
Real Estate
04-07-102-018
Square Feet
Assessment
Tax Rate
Incremental Tax Due to Development
Breakout
Grade School District 33
Grade School District 33 Pension
High School District 94
High School District 94 Pension
West Chicago Fire District
West Chicago Fire District Pension
City of West Chicago
West Chicago Library District
West Chicago Library District Pension
Dupage Airport Authority
Warrenville Park District
College of Dupage
County of Dupage
County of Dupage Pension
Winfield Township Road
Winfield Township Road Pension
Forest Preserve District
Forest Preserve District Pension
Winfield Township
County Health Department
County Health Department Pension
Total
Abated Taxes
Grade School District 33
Grade School District 33 Pension
High School District 94
High School District 94 Pension
West Chicago Fire District
West Chicago Fire District Pension
City of West Chicago
West Chicago Library District
West Chicago Library District Pension
Dupage Airport Authority
Total
Total Tax Collected
Total Incremental Tax Collected
Grade School District 33
Grade School District 33 Pension
High School District 94
High School District 94 Pension
West Chicago Fire District
West Chicago Fire District Pension
City of West Chicago
West Chicago Library District
West Chicago Library District Pension
Dupage Airport Authority
Total
Non Abated Taxing Authorties
Sheet1
2021, pay 2022 2022, pay 2023 2023, pay 2024 2024, pay2025 2025,pay2026 2026,pay2027 2027,pay 2028 2028,pay2029 2029,pay2030 2030,pay2031 2031,pay2032 2032,pay2033 2033, pay 2034 2034,pay2035 2035, pay 2036 Totals
250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
$5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500 $5,197,500
0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700 0.09877700
$513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $3,593,754.20
0.0443 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $3,223,780.56
0.002502 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $13,004 $13,004 $13,004 $13,004.15 $13,004.15 $13,004 $13,004 $13,004.15 $182,058.03
0.021888 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $1,592,680.32
0.000685 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560 $3,560 $3,560.29 $3,560.29 $3,560 $3,560 $3,560.29 $49,844.03
0.008135 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,282 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $591,943.28
0.00116 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029 $6,029 $6,029.10 $6,029.10 $6,029 $6,029 $6,029.10 $84,407.40
0.005034 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $366,299.01
0.002728 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $14,179 $14,179 $14,179 $14,178.78 $14,178.78 $14,179 $14,179 $14,178.78 $198,502.92
0.000165 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $857.59 $12,006.23
0.000141 $732.85 $732.85 $732.85 $732.85 $732.85 $732.85 $732.85 $732.85 $733 $733 $732.85 $732.85 $733 $733 $732.85 $10,259.87
0.004577 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,789 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $23,788.96 $333,045.41
0.002112 $10,977.12 $10,977.12 $10,977.12 $10,977.12 $10,977.12 $10,977.12 $10,977.12 $10,977.12 $10,977 $10,977 $10,977.12 $10,977.12 $10,977 $10,977 $10,977.12 $153,679.68
0.001002 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $5,207.90 $72,910.53
0.000209 $1,086.28 $1,086.28 $1,086.28 $1,086.28 $1,086.28 $1,086.28 $1,086.28 $1,086 $1,086 $1,086 $1,086.28 $1,086.28 $1,086 $1,086 $1,086.28 $15,207.89
0.001452 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $7,546.77 $105,654.78
0.000058 $301.46 $301.46 $301.46 $301.46 $301.46 $301.46 $301.46 $301.46 $301 $301 $301.46 $301.46 $301 $301 $301.46 $4,220.37
0.001141 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $5,930.35 $83,024.87
0.000101 $524.95 $524.95 $524.95 $524.95 $524.95 $524.95 $524.95 $524.95 $525 $525 $524.95 $524.95 $525 $525 $524.95 $7,349.27
0.000939 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $4,880.45 $68,326.34
0.000331 $1,720.37 $1,720.37 $1,720.37 $1,720.37 $1,720.37 $1,720.37 $1,720.37 $1,720 $1,720 $1,720 $1,720.37 $1,720.37 $1,720 $1,720 $1,720.37 $24,085.22
0.000113 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $587.32 $8,222.45
0.098777 = $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $513,393.46 $7,187,508.41
0.044304 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $92,108.02 $921,080.16
0.002502 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $5,201.66 $52,016.58
0.021888 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $45,505.15 $455,051.52
0.000685 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $1,424.12 $14,241.15
0.008135 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $16,912.67 $169,126.65
0.00116 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $2,411.64 $24,116.40
0.005034 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $10,465.69 $104,656.86
0.002728 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $5,671.51 $56,715.12
0.000165 $343.04 $343.04 $343.04 $343.04 $343.04 $343.04 $343.04 $343.04 $343.04 $343.04 $3,430.35
0.000141 $293.14 $293.14 $293.14 $293.14 $293.14 $293.14 $293.14 $293.14 $293.14 $293.14 $2,931.39
0.086742 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $180,336.62 $1,803,366.18
$333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $333,056.84 $3,330,568.40
0.044304 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $138,162.02 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $230,270.04 $2,302,700.40
0.002502 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $7,802.49 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $13,004.15 $130,041.45
0.021888 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $68,257.73 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $113,762.88 $1,137,628.80
0.000685 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $2,136.17 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $3,560.29 $35,602.88
0.008135 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $25,369.00 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $42,281.66 $422,816.63
0.00116 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $3,617.46 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $6,029.10 $60,291.00
0.005034 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $15,698.53 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $26,164.22 $261,642.15
0.002728 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $8,507.27 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $14,178.78 $141,787.80
0.000165 $514.55 $514.55 $514.55 $514.55 $514.55 $514.55 $514.55 $514.55 $514.55 $514.55 $857.59 $857.59 $857.59 $857.59 $857.59 $8,575.88
0.000141 $439.71 $439.71 $439.71 $439.71 $439.71 $439.71 $439.71 $439.71 $439.71 $439.71 $732.85 $732.85 $732.85 $732.85 $732.85 $7,328.48
0.086742 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $270,504.93 $450,841.55 $450,841.55 $450,841.55 $450,841.55 $450,841.55 $4,508,415.45
$62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $62,551.91 $875,726.78
Page 1

===== PDF PAGE 86 =====
[Extraction: OCR (rendered-page OCR)]
INTERGOVERNMENTAL AGREEMENT
BETWEEN THE CITY OF WEST CHICAGO, DUPAGE AIRPORT AUTHORITY, WEST
CHICAGO LIBRARY DISTRICT, WEST CHICAGO FIRE PROTECTION DISTRICT,
WEST CHICAGO ELEMENTARY SCHOOL DISTRICT 33, COMMUNITY HIGH
SCHOOL DISTRICT 94 AND SCANNELL PROPERTIES #371, LLC INREGARD TO
A PROPERTY TAX ABATEMENT RELATIVE TO THE DEVELOPMENT OF THE
SCANNELL PROPERTY
This INTERGOVERNMENTAL AGREEMENT (“Agreement”) is entered into this
day of , 2020 (“Effective Date”), by and between the CITY OF
WEST CHICAGO, an Illinois home rule municipal corporation (“CITY”), the DUPAGE
AIRPORT AUTHORITY, an Illinois airport authority (“AIRPORT”), the WEST CHICAGO
LIBRARY DISTRICT, an Illinois library district (“LIBRARY”), the WEST CHICAGO FIRE
PROTECTION DISTRICT, an Illinois fire protection district (“FIRE PROTECTION
DISTRICT”), the WEST CHICAGO ELEMENTARY SCHOOL DISTRICT 33, an Illinois
school district (“ELEMENTARY SCHOOL DISTRICT”), the COMMUNITY HIGH SCHOOL
DISTRICT 94, an Illinois school district (“HIGH SCHOOL DISTRICT”), and SCANNELL
PROPERTIES #371, LLC, an Indiana limited liability company authorized to conduct
business in the State of Illinois (‘DEVELOPER’). The CITY, the AIRPORT, the LIBRARY,
the FIRE PROTECTION DISTRICT, the ELEMENTARY SCHOOL DISTRICT, the HIGH
SCHOOL DISTRICT, and the DEVELOPER are sometimes individually referred to herein
as a “Party” and collectively referred to as the “Parties.”
WITNESSETH
WHEREAS, DEVELOPER has acquired approximately 21.14 acres of land in the
DuPage Business Park located in West Chicago, Illinois, with said property being legally
described on EXHIBIT A-1 attached hereto and made part hereof, and depicted on
EXHIBIT A-2 attached hereto and made part hereof (“Subject Property”); and
454988_2 4

===== PDF PAGE 87 =====
[Extraction: OCR (rendered-page OCR)]
WHEREAS, the DEVELOPER desires to develop the Subject Property into a
warehouse operation consisting of a building of approximately two hundred fifty thousand
(250,000) square feet, as depicted on and further described in EXHIBIT B-1 and EXHIBIT
B-2, respectively, attached hereto and made a part hereof (“Project”); and
WHEREAS, subject to the approval of this Agreement, Shorr Packaging Corp.
(“Shorr”) is intended to be the initial tenant the building to be built as part of the Project,
which space shall be used for warehousing and distributing Shorr’s products; and
WHEREAS, it is anticipated Shorr, or a future tenant on the Subject Property in
the event that Shorr is no longer in possession of the Subject Property, will employ no
less than sixteen (16) full-time employees at the building developed as part of the Project;
and
WHEREAS, the DEVELOPER now owns and desires to develop and operate the
Project on the Subject Property; and
WHEREAS, in order to induce the DEVELOPER to proceed with the Project, the
CITY, the AIRPORT, the LIBRARY, the FIRE PROTECTION DISTRICT, the
ELEMENTARY SCHOOL DISTRICT, and the HIGH SCHOOL DISTRICT (collectively the
“UNITS OF GOVERNMENT") agree to provide the DEVELOPER with a partial real estate
tax abatement in regard to certain of the real estate taxes assessed by the UNITS OF
GOVERNMENT against the Subject Property (“Tax Abatement’); and
WHEREAS, the Tax Abatement will provide a real estate tax abatement from the
UNITS OF GOVERNMENT to the DEVELOPER pursuant to 35 ILCS 200/18-165
(“Abatement Law”); and
WHEREAS, the UNITS OF GOVERNMENT have agreed to provide the Tax
454988_2 2

===== PDF PAGE 88 =====
[Extraction: OCR (rendered-page OCR)]
Abatement to the DEVELOPER, pursuant to the terms and conditions as set forth in this
Agreement, provided the DEVELOPER agrees to refrain from taking any actions, either
directly or indirectly, to lower the equalized assessed valuation of the Subject Property,
including the Project located thereon, for a period of fifteen (15) years after the Project
commences operation, below those equalized assessed valuations as set forth on
EXHIBIT C, attached hereto and made part hereof (“Anticipated Assessed Values’); and
WHEREAS, the DEVELOPER is in agreement with the restriction set forth above,
relative to refraining from taking any actions, either directly or indirectly, to lower the
equalized assessed valuation of the Subject Property below the Anticipated Assessed
Values for the Subject Property; and
WHEREAS, by providing the Tax Abatement, in exchange for the DEVELOPER
agreeing to refrain from taking any actions, either directly or indirectly, to lower the
equalized assessed valuation of the Subject Property below the Anticipated Assessed
Values for the Subject Property, the UNITS OF GOVERNMENT will induce the
DEVELOPER to cause the Project to be constructed and operated, which the UNITS OF
GOVERNMENT anticipate will provide future financial benefits for the UNITS OF
GOVERNMENT; and
WHEREAS, Article VII, Section 10 of the 1970 Illinois Constitution, 5 ILCS 220/1
et seq. and the CITY’S home rule powers provide the authority for this Agreement; and
WHEREAS, it is in the best interests of the Parties to enter into this Agreement.
NOW, THEREFORE, in consideration of the foregoing, and the mutual covenants
and agreements contained herein, the Parties hereto agree as follows:
4; INCORPORATION OF PREAMBLES. The preambles hereto, as set forth above,
are incorporated herein by reference and are made part hereof.
454988_2 3

===== PDF PAGE 89 =====
[Extraction: OCR (rendered-page OCR)]
DEVELOPER CONDITIONS. The DEVELOPER'S right to receive the Tax
Abatement under this Agreement is expressly conditioned upon the satisfaction by
the DEVELOPER, or the DEVELOPER’s tenant on the Subject Property, of the
following conditions. The DEVELOPER, or the DEVELOPER’s tenant on the
Subject Property, shall:
A.
454988_2
Construct and operate the Project on the Subject Property substantially in
accordance with EXHIBITS B-1 and B-2;
Obtain certificates of occupancy, or final approvals, for the Project from all
governmental entities having jurisdiction over the design and construction
of the Project, on or before January 1, 2022. The date the DEVELOPER
receives the last of the certificates of occupancy or final approvals for the
Project from all governmental entities having jurisdiction over the design
and construction of the Project shall be the “Commencement Date.” The
DEVELOPER shall notify each of the UNITS OF GOVERNMENT of the
Commencement Date within fourteen (14) days after the Commencement
Date has occurred;
During the first ten (10) years following the Commencement Date, obtain
the CITY’S prior written consent before any user, licensee, tenant or
occupant, other than Shorr, takes possession, by license, lease or
otherwise (“Occupant”), of any portion of the Subject Property. The CITY
may withhold its consent if, in its sole discretion, the CITY determines that:
(i) the contemplated use by such Occupant may have an adverse and
harmful effect on the environment, (ii) the contemplated use by such
Occupant may contribute to the CITY having a negative identity or image,
(iii) the contemplated use by such Occupant, or the Occupant, is deemed
undesirable, or (iv) the Occupant is a non-taxable entity. Prior to allowing
any Occupant, other than Shorr, to take possession, by license, lease or
otherwise, of any portion of the Project, the DEVELOPER shall provide the
CITY with a written request for the CITY’S consent. The CITY shall review
the request and respond within thirty (30) calendar days from the date the
request was received by the CITY. The DEVELOPER shall provide the
CITY with information and documents reasonably requested by the CITY
regarding the DEVELOPER'S request. Each calendar day between the time
of the CITY’S request for information and documents, and the DEVELOPER
providing the information and documents, shall extend the thirty (30)
calendar day period for the CITY'S response by an equal number of
calendar days. If the CITY does not respond within thirty (30) calendar days
from the date the request was received by the CITY, or such greater number
of calendar days as extended due to days passing before DEVELOPER has
provided the CITY the requested information and documents, the CITY’S
prior written consent shall not be needed with regard to the Occupant set

===== PDF PAGE 90 =====
[Extraction: OCR (rendered-page OCR)]
forth in the DEVELOPER’S request;
Dz. Comply with the real estate tax obligations set forth in Section 4. below; and
Notwithstanding any provision in this Agreement to the contrary, if the
DEVELOPER, or any of the DEVELOPER’s tenant on the Subject Property, fails
to meet any of its obligations in Section 2. of this Agreement, the Agreement shall
be terminated and be null and void.
3. REAL ESTATE TAX ABATEMENT.
A. Subject to the DEVELOPER, or the DEVELOPER’s tenant on the Subject
Property, being in full compliance with Section 2. above, and Section 4.A.
below, the UNITS OF GOVERNMENT shall provide the DEVELOPER with
the Tax Abatement pursuant to the Abatement Law, relative to the real
estate taxes assessed against the Subject Property, including the Project
located thereon, with said Tax Abatement being:
1. For amaximum of ten (10) years, beginning with the real estate taxes
levied on the Subject Property, including the Project located thereon,
for the full calendar year after the calendar year in which the
Commencement Date occurs, which real estate taxes are payable in
the year thereafter, even if the full amount referenced in Subsection
3.4.2. below has not been abated (the Parties anticipate a
Commencement Date in calendar year 2021, with real estate taxes
first being abated under this Agreement for calendar year 2022, said
taxes being payable in calendar year 2023);
2 Limited to a total cumulative amount from the UNITS OF
GOVERNMENT combined of Four Million and No/100 Dollars
($4,000,000.00), even if the Tax Abatement has not occurred for the
full ten (10) year period referenced in Subsection 3.A.1. above;
3; Limited to Forty Percent (40%) of the real estate taxes to be received
by the UNITS OF GOVERNMENT from the Subject Property,
including the Project located thereon, exclusive of real estate taxes
received to satisfy any debt service tax levy of general applicability to
all property within any one or more of the respective UNITS OF
GOVERNMENT, in any given year; and
4. Limited by excluding amounts levied by each of the UNITS OF
GOVERNMENT for debt service, and limited in the Abatement Law,
and any amendments thereto after the Effective Date.
Within sixty (60) days of the Commencement Date, each of the UNITS OF
GOVERNMENT shall adopt the ordinance, or resolution, attached hereto as
EXHIBIT D and made a part hereof (“Abatement Ordinance / Resolution’),
454988_2 5

===== PDF PAGE 91 =====
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454988_2
and send a certified copy of the Abatement Ordinance / Resolution to the
DuPage County Clerk (“Clerk”), with such changes to the Abatement
Ordinance / Resolution being made to tailor the Abatement Ordinance /
Resolution to the specific ordinance, or resolution, form requirements of
each of the UNITS OF GOVERNMENT, and after updating the current
P.I.N.s and legal description(s) for the Subject Property, including the Project
located thereon, if any. The Parties acknowledge that under the Abatement
Law, the Clerk administers the Tax Abatement. The Parties acknowledge
that as of the Effective Date, the process for administering the Tax
Abatement as is described in EXHIBIT E, attached hereto and made a part
hereof, and that the process described in EXHIBIT E may change after the
Effective Date. If the process for administering the Tax Abatement as
described in EXHIBIT E is changed after the Effective Date, the Parties shall
update EXHIBIT E to reflect the new process, which update may occur upon
agreement of the chief administrative officers of each of the UNITS OF
GOVERNMENT and the DEVELOPER. The Parties shall cooperate with one
another, and the Clerk, in administering the Tax Abatement. Upon a
reasonable request of the Clerk, or any other Party, the Parties shall timely
respond to requests for information and documents related to the Tax
Abatement, and the Parties shall take all reasonable steps in a timely
manner needed to administer the Tax Abatement consistent with the terms
of this Agreement.
During the term of this Agreement, if the DEVELOPER ceases operating
the Project on the Subject Property, or if the DEVELOPER breaches any of
its obligations under Section 4.A., the UNITS OF GOVERNMENT shall
provide written notice of such cessation (a “Default Notice”) to the
DEVELOPER. If the DEVELOPER does not recommence operation of the
Project within thirty (30) days of the DEVELOPER’s receipt of a Default
Notice, or if the DEVELOPER does not cure the breach of its obligations
under Section 4.A.within thirty (30) days of the DEVELOPER’s receipt of a
Default Notice, then the UNITS OF GOVERNMENT may elect, by written
notice to the DEVELOPER delivered following such thirty (30) day period,
to terminate this Agreement (a “Termination”), whereupon the
DEVELOPER shall reimburse the UNITS OF GOVERNMENT the Tax
Abatement as follows:
1 If a Termination occurs within five (5) years from the
Commencement Date, the DEVELOPER shall pay each of the
UNITS OF GOVERNMENT its pro rata amount of Seventy Five
Percent (75%) of the Tax Abatement realized by the DEVELOPER;
or
2. If a Termination occurs after five (5) years from the Commencement
Date, the DEVELOPER shall pay each of the UNITS OF

===== PDF PAGE 92 =====
[Extraction: OCR (rendered-page OCR)]
GOVERNMENT its pro rata amount of Fifty Percent (50%) of the Tax
Abatement realized by the DEVELOPER.
The DEVELOPER’s reimbursement obligations herein shall survive, and be binding upon
the DEVELOPER, regardless of the termination or expiration of this Agreement, until
fifteen (15) years after the Commencement Date. The DEVELOPER shall reimburse the
UNITS OF GOVERNMENT within thirty (30) days of a written demand from the UNITS
OF GOVERNMENT for such reimbursement.
4. REAL ESTATE TAX OBLIGATIONS OF THE DEVELOPER.
A.
454988_2
The DEVELOPER agrees to pay, or cause to be paid, all general and
special real estate taxes levied against its respective interest in the Subject
Property, including the Project located thereon, on or prior to the date same
is due, and said real estate taxes shall not become delinquent. The
DEVELOPER shall deliver evidence of payment of such real estate taxes
to the UNITS OF GOVERNMENT upon request.
The DEVELOPER agrees:
1
to not, and shall not permit or allow and of its affiliates or employees,
to challenge, contest, or seek a reduction in, or assert tax-exempt
status in relation to, the real estate taxes assessed against the
Subject Property, including the Project located thereon, below the
Anticipated Assessed Values, as shown on EXHIBIT C;
to prohibit any third party obligated to pay the real estate taxes, in
whole or in part, assessed against the Subject Property, including
the Project located thereon, or any portion thereof, from challenging,
contesting, seeking a reduction in or asserting tax-exempt status in
relation to the real estate taxes assessed against the Subject
Property, including the Project located thereon, below the
Anticipated Assessed Values, as shown on EXHIBIT C; and
to not file, participate in, or allow any of its affiliates or employees to
file or participate in a tax rate objection, contest or other challenge to
the taxes and/or levies of the taxing districts authorized by law to levy
property taxes against the Subject Property, including the Project
located thereon, below the Anticipated Assessed Values, as shown
on EXHIBIT C.
The sole remedy to each of the UNITS OF GOVERNMENT, in the event of
a breach by DEVELOPER of its obligations in Subsection 4.B. above, shall
be for the DEVELOPER to pay to each of the UNITS OF GOVERNMENT,
on an annual basis, the difference between (1) the actual real estate taxes
payable with respect to the Subject Property, including the Project located

===== PDF PAGE 93 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
thereon, resulting from any such successful challenge, contest, or reduction
of or exemption from real estate taxes assessed against the Subject
Property, including the Project located thereon, below the Anticipated
Assessed Values, as shown on EXHIBIT C, and (2) the lesser of (a) the
amount of real estate taxes that would have been due and owing on the
Subject Property, including the Project located thereon, for such year, after
the Tax Abatement for such year, had such successful challenge contest,
or reduction of or exemption from real estate taxes assessed against the
Subject Property not occurred, and (b) the amount of real estate taxes that
would have been due and owing on the Anticipated Assessed Values for
such year, after the Tax Abatement for such year (said deficiency shall
herein be referred to as the “Tax Deficiency”) plus interest thereon at the
prime rate charged by BMO Harris Bank (or its successor) plus Three
Percent (3%) per annum for the period beginning on the date the real estate
taxes are received by each of the UNITS OF GOVERNMENT for any given
year and ending on the date the Tax Deficiency is paid to each of the UNITS
OF GOVERNMENT, which shall be due within thirty (30) days of written
notice from any one (1) of the UNITS OF GOVERNMENT.
The DEVELOPER agrees to not pursue, permit or allow any of its affiliates
or employees to agree to, pursue or permit the disconnection or detachment
of the Subject Property from any of the UNITS OF GOVERNMENT.
GENERAL CONDITIONS/REQUIREMENTS.
A.
This Agreement is entered into for the benefit of each of the Parties, solely,
and not for the benefit of any third party.
Nothing contained in this Agreement shall constitute a waiver of any
privileges, defenses or immunities which the UNITS OF GOVERNMENT
may have under the Local Governmental and Governmental Employees
Tort Immunity Act, 745 ILCS 10/1-101, ef seq., with respect to any claim
brought by a third party.
The rights and obligations of the DEVELOPER shall constitute covenants
running with the land legally described in Exhibit A-1 and shall be binding
on successors and assigns of the DEVELOPER and shall bind all owners
of the Subject Property, including the Project located thereon, or any portion
thereof during the term of the Agreement.
This Agreement shall be recorded on title to the Subject Property at the
expense of the DEVELOPER upon taking effect.
Upon a breach of this Agreement by DEVELOPER, any of the UNITS OF
GOVERNMENT may repeal their respective Abatement Ordinance /
Resolution, and any Party, by an action or proceeding solely in equity

===== PDF PAGE 94 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
brought in the 18th Judicial Circuit Court, in DuPage County, Illinois, may
secure the specific performance of the covenants and agreements herein
contained, for failure of performance.
In the event of a default by any of the Parties, the defaulting Party, as
adjudicated by a court of competent jurisdiction, shall pay to the non-
defaulting Party / Parties, upon demand, all of the non-defaulting Party's /
Parties’ reasonable costs, charges and expenses, including, but not limited
to, the costs of accountants, consultants, attorneys and others retained by
the non-defaulting Party / Parties for the purpose of enforcing any of the
obligations of the defaulting Party under this Agreement.
The failure of any Party to insist upon the strict and prompt performance of
the terms, covenants, agreements and conditions herein contained, or any
of them, by any other Party, shall not constitute or be construed as a waiver
or relinquishment of any Party’s right thereafter to enforce any such term,
covenant, agreement or condition, but the same shall continue in full force
and effect.
If the performance by any Party hereunder is delayed as a result of
circumstances which are beyond the reasonable control of such Party
(which circumstances shall only include acts of God, war, strikes or similar
acts of force majeure), the time for such performance shall be extended by
the amount of time of such delay.
This Agreement shall remain in full force and effect for fifteen (15) years
after the Commencement Date unless sooner terminated in accordance
with the terms of this Agreement.
In the event that any UNIT OF GOVERNMENT’s authority under the
Abatement Law to carry out its obligation in this Agreement is repealed,
becomes null and void or otherwise becomes invalid, then (i) such
UNIT OF GOVERNMENT’s obligations hereunder shall cease and no
further obligations of any sort shall be required of the UNIT OF
GOVERNMENT, and (ii) the DEVELOPER’s obligations to such UNIT OF
GOVERNMENT hereunder (including, without limitation, DEVELOPER’s
obligations to such UNIT OF GOVERNMENT under Section 3.B.) shall
cease as of the date on which any such UNIT OF GOVERNMENT’s
authority under the Abatement Law to carry out its obligation in this
Agreement is repealed, becomes null and void or otherwise becomes
invalid. The DEVELOPER shall have no recourse against the affected UNIT
OF GOVERNMENT(s) in such event and such affected UNIT(s) OF
GOVERNMENT shall have no recourse against the DEVELOPER.
No amendment to, or modification of, this Agreement shall be effective
unless and until it is in writing and approved by the authorized

===== PDF PAGE 95 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
representative of the DEVELOPER and by each of the UNITS OF
GOVERNMENT's corporate authorities, and executed and delivered by the
authorized representatives of each Party.
If, during the term of this Agreement, any lawsuits or other proceedings are
filed or initiated against any Party before any court, commission, board,
bureau, agency, unit of government or sub-unit thereof, arbitrator, or other
instrumentality, that may materially affect or inhibit the ability of any Party
to perform its obligations under, or otherwise to comply with, this Agreement
(“Litigation”), the Party against which the Litigation is filed or initiated shall
promptly deliver a copy of the complaint or charge related thereto to the
other Parties and shall thereafter keep the other Parties fully informed
concerning all aspects of the Litigation. Each Party shall, to the extent
necessary, cooperate with the other Parties in this event. The Parties each
agree to use their respective best efforts to defend the validity of this
Agreement and the Abatement Ordinances / Resolutions adopted pursuant
to this Agreement, including every portion thereof and every approval given,
and every action taken, pursuant thereto.
The DEVELOPER shall and hereby agrees to defend, hold harmless and
indemnify the UNITS OF GOVERNMENT, and their respective elected
Officials, appointed officials, employees, agents and attorneys (collectively
the “UNITS OF GOVERNMENT Affiliates”) from and against any and all
third-party claims, demands, suits, damages, liabilities, losses, expenses,
and judgments against any UNITS OF GOVERNMENT Affiliates resulting
from the DEVELOPER’s breach of its obligations hereunder. The obligation
of the DEVELOPER in this regard shall include, but shall not be limited, to
all costs and expenses, including reasonable attorneys' fees, incurred by
the UNITS OF GOVERNMENT Affiliates in responding to, defending
against, or settling any such claims, demands, suits, damages, liabilities,
losses, expenses or judgments. The DEVELOPER covenants that it will
reimburse the UNITS OF GOVERNMENT Affiliates, or pay over to the
UNITS OF GOVERNMENT Affiliates, all sums of money the UNITS OF
GOVERNMENT Affiliates pays, or becomes liable to pay to any such third
party, by reason of any of the foregoing; provided, however, that the
DEVELOPER’s liability under this Section 5.M. shall be limited to the total
amount of Tax Abatement that the DEVELOPER has been received
pursuant to this Agreement as of the date of any such claim, demand, suit,
damage, liability, loss, expense, or judgment. In any suit or proceeding
brought hereunder, the UNITS OF GOVERNMENT Affiliates shall have the
right to appoint counsel of their own choosing to represent it, the reasonable
costs and expenses of which shall be paid by the DEVELOPER.
The DEVELOPER shall maintain the Subject Property, and operate the
Project, in compliance with all Federal, State, County, and UNITS OF
GOVERNMENT laws, ordinances, resolutions, rules and regulations.
10

===== PDF PAGE 96 =====
[Extraction: OCR (rendered-page OCR)]
6. NOTICES. Notice or other writings which any Party is required to, or may wish to,
serve upon any other Party in connection with this Agreement shall be in writing
and shall be delivered personally or sent by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows:
A. If to the CITY: B. If to the LIBRARY:
454988_2
City of West Chicago
475 Main Street
West Chicago, Illinois 60185
Attn: Mayor
With copies to:
City of West Chicago
475 Main Street
West Chicago, Illinois 60185
Attn: City Administrator
Bond, Dickson & Associates
400 Knoll Street
Wheaton, Illinois 60187
Attn: Patrick Bond
C. If to the ELEMENTARY SCHOOL
DISTRICT:
West Chicago Elementary
School District 33
312 East Forest Avenue
West Chicago, Illinois 60185
Attn: President
With copies to:
West Chicago Elementary
School District 33
312 East Forest Avenue
West Chicago, Illinois 60185
Attn: Superintendent
Robbins Schwartz
55 W. Monroe Street, Suite 800
Chicago, Illinois 60603
Attn: Kenneth M. Florey
11
West Chicago Library District
118 West Washington Street
West Chicago, Illinois 60185
Attn: President
With copies to:
West Chicago Library District
118 West Washington Street
West Chicago, Illinois 60185
Attn: Executive Director
Peregrine, Stime, Newman,
Ritzman, & Bruckner, Ltd.
221 East Illinois Street
Wheaton, Illinois 60187
Attn: Mark Ritzman
D. If to the HIGH SCHOOL
DISTRICT:
Community High School
District 94
157 West Washington Street
West Chicago, Illinois 60185
Attn: President
With copies to:
Community High School
District 94
157 West Washington Street
West Chicago, Illinois 60185
Attn: Superintendent
Hauser, Izzo, Petrarca, Gleason
& Stillman, LLC
19730 Governors Hwy, Suite 10
Flossmor, Illinois 60422
Attn: John |zzo

===== PDF PAGE 97 =====
[Extraction: OCR (rendered-page OCR)]
E. If to the DUPAGE AIRPORT F. If to the DEVELOPER:
AUTHORITY:
DuPage Airport Authority Scannell Properties #371, LLC
2700 International Drive, Suite 200 8801 River Crossing Boulevard,
West Chicago, Illinois 60185 Suite, 300
Attn: Chairman Indianapolis, Indiana 46240
Attn: Drew Strobel
With copies to With a copy to:
DuPage Airport Authority Rosanova & Whitaker, Ltd.
2700 International Drive, Suite 200 127 Aurora Avenue
West Chicago, Illinois 60185 Naperville, Illinois 60540
Attn: Executive Director Attn: Russ Whitaker
Luetkehans, Brady, Garner & Armstrong, LLC
105 E. Irving Park Rd.
Itasca, Illinois 60143
Attn: Phillip A. Luetkehans
G. If to the FIRE PROTECTION
DISTRICT:
West Chicago Fire Protection District
200 Freemont Street
West Chicago, Illinois 60185
Attn: President
With copies to:
West Chicago Fire Protection District
200 Freemont Street
West Chicago, Illinois 60185
Attn: Fire Chief
Ottosen Britz Kelly Cooper Gilbert
& DiNolfo, Ltd.
1804 N. Naper Boulevard #350
Naperville, Illinois 60563
Attn: Joseph Miller
or to such other address, or additional individuals/entities, as any Party may from
time to time designate in a written notice to the other Parties. Service by personal
delivery shall be deemed given when delivery occurs, and service by certified or
454988_2 12

===== PDF PAGE 98 =====
[Extraction: OCR (rendered-page OCR)]
registered mail shall be deemed given three (3) days after depositing same in the
mail.
73 COUNTERPARTS. This Agreement may be executed simultaneously in up to
seven (7) counterparts, each of which shall be deemed an original, but all of which
shall constitute one and the same Agreement.
8. ENTIRE AGREEMENT. This Agreement contains the entire understanding
between the Parties and supersedes any prior understanding or written or oral
agreements between them regarding the within subject matter. There are no
representations, agreements, arrangements or understandings, oral or written,
between and among the Parties hereto relating to the subject matter of this
Agreement which are not fully expressed herein.
9. EFFECTIVE DATE. This Agreement shall be deemed dated and become effective
on the date the last of the Parties executes this Agreement as set forth below,
which date shall be filled in on page 1 hereof.
IN WITNESS WHEREOF, the CITY, pursuant to authority granted by the adoption
of a Motion/Resolution by its City Council, has caused this Agreement to be executed by
its Mayor and attested by its Clerk; the AIRPORT, pursuant to authority granted by the
adoption of a Motion/Resolution by its Board of Commissioners, has caused this
Agreement to be signed by its Chairman and attested by its Secretary; the LIBRARY,
pursuant to the authority granted by the adoption of a Motion/Resolution by its Board of
Trustees, has caused this Agreement to be signed by its President and attested by its
Secretary; the FIRE PROTECTION DISTRICT, pursuant to the authority granted by the
adoption of a Motion/Resolution by its Board of Trustees, has caused this Agreement to
be signed by its President and attested by its Secretary; the ELEMENTARY SCHOOL
DISTRICT, pursuant to the authority granted by the adoption of a Motion/Resolution by
its Board of Education, has caused this Agreement to be signed by its President and
attested by its Secretary; the HIGH SCHOOL DISTRICT, pursuant to the authority
granted by the adoption of a Motion/Resolution by its Board of Education, has caused this
454988_2 13

===== PDF PAGE 99 =====
[Extraction: OCR (rendered-page OCR)]
Agreement to be signed by its President and attested by its Secretary; and DEVELOPER,
pursuant to proper authority granted in accordance with its organizational documents, has
caused this Agreement to be executed by its President and attested by its Secretary.
[THIS SPACE INTENTIONALLY LEFT BLANK]
454988_2 14

===== PDF PAGE 100 =====
[Extraction: OCR (rendered-page OCR)]
CITY OF WEST CHICAGO
By:
, Mayor
ATTEST:
, City Clerk
Dated:
WEST CHICAGO ELEMENTARY
SCHOOL DISTRICT 33
WEST CHICAGO PUBLIC LIBRARY
DISTRICT
By:
, President
ATTEST:
, Secretary
Dated:
WEST CHICAGO COMMUNITY HIGH
SCHOOL DISTRICT 94
By: By:
, President , President
ATTEST: ATTEST:
, Secretary , Secretary
Dated: Dated:
DUPAGE AIRPORT AUTHORITY SCANNELL PROPERTIES #371, LLC
By: By:
, Chairman ,
ATTEST: ATTEST:
, Secretary :
Dated: Dated:
454988_2
15

===== PDF PAGE 101 =====
[Extraction: OCR (rendered-page OCR)]
WEST CHICAGO FIRE PROTECTION
DISTRICT
By:
, President
ATTEST:
, Secretary
Dated:
454988_2 16

===== PDF PAGE 102 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS )
) SS
COUNTY OF DUPAGE _)
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and ,
personally known to me to be the Mayor and City Clerk of the City of West Chicago, and
also known to me to be the same persons whose names are subscribed to the foregoing
instrument as such Mayor and City Clerk, respectively, appeared before me this day in
person and severally acknowledged that, as such Mayor and City Clerk, they signed and
delivered the signed instrument, pursuant to authority given by the City of West Chicago,
as their free and voluntary act, and as the free and voluntary act and deed of said City of
West Chicago, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of F
2020.
Notary Public
My Commission Expires:
454988_2 tif

===== PDF PAGE 103 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS _)
)ss
COUNTY OF DUPAGE _ )
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and ;
personally known to me to be the President and Secretary of the West Chicago Public
Library District, and also known to me to be the same persons whose names are
subscribed to the foregoing instrument as such President and Secretary, respectively,
appeared before me this day in person and severally acknowledged that, as such
President and Secretary, they signed and delivered the signed instrument, pursuant to
authority given by the West Chicago Public Library District, as their free and voluntary
act, and as the free and voluntary act and deed of said West Chicago Public Library
District, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of P
2020.
Notary Public
My Commission Expires:
454988_2 18

===== PDF PAGE 104 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS )
)Ss
COUNTY OF DUPAGE )
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and .
personally known to me to be the President and Secretary of the West Chicago Fire
Protection District, and also known to me to be the same persons whose names are
subscribed to the foregoing instrument as such President and Secretary, respectively,
appeared before me this day in person and severally acknowledged that, as such
President and Secretary, they signed and delivered the signed instrument, pursuant to
authority given by the West Chicago Fire Protection District, as their free and voluntary
act, and as the free and voluntary act and deed of said West Chicago Fire Protection
District, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of ,
2020.
Notary Public
My Commission Expires:
454988_2 19

===== PDF PAGE 105 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS )
) Ss
COUNTY OF DUPAGE _)
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and
personally known to me to be the President and Secretary of the West Chicago
Elementary School District 33, and also known to me to be the same persons whose
names are subscribed to the foregoing instrument as such President and Secretary,
respectively, appeared before me this day in person and severally acknowledged that, as
such President and Secretary, they signed and delivered the signed instrument, pursuant
to authority given by the West Chicago Elementary School District 33, as their free and
voluntary act, and as the free and voluntary act and deed of said West Chicago
Elementary School District 33, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of ,
2020.
Notary Public
My Commission Expires:
454988_2 20

===== PDF PAGE 106 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS )
)Ss
COUNTY OF DUPAGE _ )
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and j
personally known to me to be the President and Secretary of the West Community High
School District 94, and also known to me to be the same persons whose names are
subscribed to the foregoing instrument as such President and Secretary, respectively,
appeared before me this day in person and severally acknowledged that, as such
President and Secretary, they signed and delivered the signed instrument, pursuant to
authority given by the West Chicago Community High School District 94, as their free and
voluntary act, and as the free and voluntary act and deed of said West Chicago
Community High School District 94, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of ;
2020.
Notary Public
My Commission Expires:
454988_2 21

===== PDF PAGE 107 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF ILLINOIS )
)Ss
COUNTY OF DUPAGE )
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and ,
personally known to me to be the Chairman and Secretary of the DuPage Airport
Authority, and also known to me to be the same persons whose names are subscribed to
the foregoing instrument as such Chairman and Secretary, respectively, appeared before
me this day in person and severally acknowledged that, as such Chairman and Secretary,
they signed and delivered the signed instrument, pursuant to authority given by the
DuPage Airport Authority, as their free and voluntary act, and as the free and voluntary
act and deed of said DuPage Airport Authority, for the uses and purposes therein set
forth.
GIVEN under my hand and Notary Seal, this day of ,
2020.
Notary Public
My Commission Expires:
454988_2 22

===== PDF PAGE 108 =====
[Extraction: OCR (rendered-page OCR)]
STATE OF )
)ss
COUNTY OF )
|, the undersigned, a Notary Public, in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above-named and ‘
personally known to me to be the Manager and of Scannell Properties #371,
LLC, and also known to me to be the same persons whose names are subscribed to the
foregoing instrument as such Manager and , respectively, appeared before me
this day in person and severally acknowledged that, as such Manager and , they
signed and delivered the signed instrument, pursuant to authority given by said limited
liability company, as their free and voluntary act, and as the free and voluntary act and
deed of said limited liability company, for the uses and purposes therein set forth.
GIVEN under my hand and Notary Seal, this day of ,
2020.
Notary Public
My Commission Expires:
454988_2 23

===== PDF PAGE 109 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT A-1
Legal Description of Subject Property
(attached)
454988_2 24

===== PDF PAGE 110 =====
[Extraction: OCR (rendered-page OCR)]
Cz Z ee6psy
GS°98S LSAM SGNOOAS Fl SALNNIW €€ SAANOAG 98 HLNOS SUVA GYOHO
ASOHM GNV L334 80'S6r 4O SNIGVY V ONIAVH L437 SHL OL JIOMIO LNAONVL
VY sO OV FHL ONOW 1354 22229 ATYSLSAM AONSHL (€) ‘SYNLVAYNO
ASYAARY JO LNIOd V OL L354 S622 LSAM SGNOOFS 80 SALNNIW 92 SASYOAa
6S HLYON SYV3d GYOHO SSOHM ANY LAS 26796 JO SNIGVY V ONIAVH LHOIM
FHL OL ATIONIO LNADNVL V 4O ONV SHL SNOW LISS 86°22 ATMYSLSSMHLYON
FONSHL (Z) ‘AAYND GNNOdWOD JO LNIOd V OL L354 99°91 LSAM SGNOODGS €L
SALNNIW €Z SHSAYOAC ZI HLYON SUHVAG GNOHD ASOHM GNV L334 00°0SZ 40
SNIGVY V ONIAVH LHOIY SHL OL SIONIO LNSDNVL-NON V 4O OV SJHL SNOTV
1344 99°91 ATYSALSAMHLYON SONSHL (1) ‘SSSYHNOD (€) LXSN SHL YOS SANG
NOILVAONNI GIVS 43O SNIT ATYSHLYON SHL ONOW AONSHL '9E6LEL-Z2007Y
LNSWND9O”d Y3d G3ALVOIGSC SAING NOILVAONNI JO SNIT ATYSHLYON SHL NO
LNIOd V OL L534 0¢°2Z1 JO JONVLSIC V ‘Z LOT GIVS 4O ANIT LSAM AHL ONO
LSAM SGNOO3S SO SALNNIW 80 SASYOAC 1Z HLNOS AONSHL ‘Z LOT alvs
dO YSNYOO LSAMH.LYON SHL OL L554 68'S81 JO JONVLSIG V Z LOT alvs 4O
SANIT HLYON SHL ONOW LSAM SGNOOFS LS SSLNNIW ¥S SASNODAG 68 HLNOS
FONSHL ‘vSPZZ1-2007H YASWNN LNSWNOOG SV Z00Z ‘OL AINC GAqGYOOsY
AOSYSHL LV1d SHL OL ONIGNYOOOV ‘Z LOT LV1ld LNSIWSSSSSV HLYNON
WYVd ADOIONHOSL IWNOILVN 39VdNG NI Z@ LO] JO YSANYOO LSVSHLYON
FHL OL LASS SL'188 4O AONVLSIC V ‘€ LOT GIVS 4O SANIT LSSAM AHL SNOT
LSAM SGNOOFS OF SALANIW 8b SSSYDSAC 00 HLNOS AONSAHL 'SZ9r8L-Z2007Y
YSAENNN LNAWNOOG SV 2002 ‘Ol H3EOLOO GAGHYOOSY JOSYSHL LW1d FHL OL
ONIGUOODOV ‘€ LOT LW1d LNSWSSASSV HLYON WYVd ADOTONHOAL TWNOILVN
39vdNd Ni € LOT SO SANIT LSSM SHL NO LNIOd V OL 15354 €v'bZZ SANIT HLNOS
IVS ONOW LSV3 SGNOOFS 9r SALNNIN 6L SASYOAG 18 HLNOS AONSHL
‘LNIOd MNIM V OL L354 ZS°SSZ ANIT HLNOS dIVS SNOW LSV3 SGNOO3S
€L SHLANIN €y SSSNDSG 78 HLYON ONINNILNOO SONSHL ‘ONINNIDAE
4O LNIOd SHL OL 1554 €9°8S1 LSVA SGNOOSS €l SSLNNIN ey SaayOFG
v8 HLYON SONSHL (€) ‘L554 00°0S LSAM SGNOODAS 9F SALNNIW 9L SASYOAC SO
HLYON SONSHL (2) ‘LSSs4 fv OLE LSVA SGNODFS €1 SALNNIW €v SAAN +8
HLYON SONFHL (1) ‘SASUNOD (€) LXAN SHL GNV SIHL NOS (GVO LTISASZSOOU
VV) 8€ ALNOY SIONITI 4JO SANIT HLNOS SHL ONISG OSIV ANI alvs
‘L334 S9°00r ‘ALNSdOUd IVS 4O SANIT HLNOS SHL ONOW LSVA SGNODFS OF
SALANIW ZO SAAYOAC €8 HLNOS JONSHL ‘8Z9S91-ZL0Z7Y NASWNAN LNAWNOOG
SV ZL0Z ‘LZ YAEWSAON GSAGYOOSY G3SC WIVIO LIND Yad NOILVLYOdSNVULL
4O LNSWLYVd3Sd ‘SIONITI 43O SLVLS SHL OL GSASANOO ALYSdONd
AHL JO YANYOO LSSMHLNOS SHL OL 6ZZLEL (€8-GVN ANOZ LSV3 WALSAS
ALVNIGHOOD SANV1id SLVLS SIONITI SHL NO GaSVa ONINVS) NOILOZS
YALYVNO dIvS 4O ANIT LSAM SHL ONOW LSV3 SGNOODAS 0S SALANIW
ZO SHAYODAC 00 HLYON SONSHL ‘62ZZE1-€00Z7Y GNYOOAY LNAWANOW Yad
‘YALYVNO LSSMHLYON GIVS JO YSANYOO LSAMHLNOS SHL LY ONIONAWWOO
‘SMOTIOA4
SV G3gIYOS3d ‘NVIGINSW WdlONIdd GYIHL SHL AO LSVS 6 JONVY ‘'HLYON
6€ dIHSNMOL ‘2 NOILOSS SO YSLYVNO LSSAMHLYON SHL AO LYVd LVHL

===== PDF PAGE 111 =====
[Extraction: OCR (rendered-page OCR)]
FEET TO A POINT; THENCE NORTH 39 DEGREES 46 MINUTES 18 SECONDS WEST
77.83 FEET; THENCE NORTH 00 DEGREES 01 MINUTES 39 SECONDS EAST 938.73
FEET, TO THE POINT OF BEGINNING; BEGINNING, IN DUPAGE COUNTY, ILLINOIS.
P.I.N.: 04-07-102-018
Common address: 555 Innovation Drive Circle, West Chicago, Illinois 60185
454988_2 26

===== PDF PAGE 112 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT A-2
Depiction of Subject Property
(attached)
454988_2 ey

===== PDF PAGE 113 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
28

===== PDF PAGE 114 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBITB-1
Project SitePlan
(attached)
454988_2
29

===== PDF PAGE 115 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
30
Ta
ee nt os oe io me
ors eee

===== PDF PAGE 116 =====
[Extraction: OCR (rendered-page OCR)]
454988_2
31

===== PDF PAGE 117 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT B-2
Project Description and Depiction
The Developer shall construct an approximately two hundred fifty thousand (250,000)
square foot warehouse on approximately twenty-one (21) acres of land purchased from
the DuPage Airport Authority as set forth in the Site Plan and rendering in EXHIBIT B-1.
Sixteen (16) or more full-time employees shall work in the building constructed as part of
the Project with a combined average total compensation of Forty-Three Thousand and
No/100 Dollars ($43,000.00). The tenant of the building shall be Shorr Packaging Corp.,
or another tenant approved by the City of West Chicago in writing, as set forth in Section
2.C. of the Agreement.
454988_2 32

===== PDF PAGE 118 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT C
Anticipated Assessed Values
Anticipated
Assessed
Year Valuation
Year 1 $5,197,500.00
Year 2 $5,197,500.00
Year 3 $5,197 ,500.00
Year 4 $5,301,450.00
Year 5 $5,301,450.00
Year 6 $5,301,450.00
Year 7 $5,407,479.00
Year 8 $5,407,479.00
Year 9 $5,515,628.58
Year 10 $5,515,628.58
Year 11 $5,625,941.14
Year 12 $5,625,941.14
Year 13 $5,738,459.97
Year 14 $5,738,459.97
Year 15 $5,853,229.17
Total $81,925,096.59
454988_2 33

===== PDF PAGE 119 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBITD
AbatementOrdinance/Resolution
(attached)
454988_2
34

===== PDF PAGE 120 =====
[Extraction: OCR (rendered-page OCR)]
[ORDINANCE / RESOLUTION] PROVIDING FOR REAL ESTATE TAX ABATEMENT
WHEREAS, the Illinois Property Tax Code, 35 ILCS 200/18-165, authorizes any
taxing district to abate its taxes in relation to a specific property; and
WHEREAS, in “An Intergovernmental Agreement Between the City of West
Chicago, DuPage Airport Authority, West Chicago Library District, West Chicago Fire
Protection District, West Chicago Elementary School District 33, Community High School
District 94 and Scannell Properties #371, LLC in Regard to a Property Tax Abatement
Relative to the Development of the Scannell Property,” dated __, 2020
(“IGA”), the [City Council / Board of Trustees / Board of Commissioners / Board of
Education] of the [Unit of Government] previously determined it to be in its best interests
to abate a portion of its taxes on the real estate legally described in Exhibit 1, attached
hereto and made a part hereof (“Subject Property”), in order to encourage a commercial
firm to redevelop the Subject Property; and
WHEREAS, the conditions of the IGA for the abatement of a portion of the taxes
on the Subject Property have been met; and
WHEREAS, in the IGA, this [City Council / Board of Trustees / Board of
Commissioners / Board of Education] previously determined such abatement of taxes to
be in the best interests of its tax payers in order to encourage a commercial firm to
redevelop the Subject Property, increase the tax base, and increase employment
opportunities; and
NOW, THEREFORE, BE IT [ORDAINED / RESOLVED] [by the [Mayor / Chairman
/ President] and [City Council / Board of Trustees / Board of Commissioners / Board of
Education] of the [Unit of Government], DuPage County, Illinois, as follows:
Section 1. This [City Council / Board of Trustees / Board of Commissioners / Board
of Education] hereby finds that all of the recitals contained in the preambles to this
[Ordinance / Resolution] are full, true and correct and does now incorporate the same
herein by reference.
Section 2. The County Clerk of DuPage County, Illinois is hereby ordered to abate
the real estate taxes to be extended on the Subject Property, on behalf of the [Unit of
Government] according to the rate set forth in Section 3 below, but excluding any levy or
levies for debt service (“Abatement Rate”), commencing at the start of the next calendar
year after the year in which this [Ordinance / Resolution] is passed. However, in no event
shall the aggregate abatement of real estate taxes levied against the Subject Property by
the [Unit of Government], together with real estate taxes levied against the Subject
Property and abated in previous and future years by all other taxing districts, exceed the
total of Four Million and No/100 Dollars ($4,000,000.00).
454988_2 35

===== PDF PAGE 121 =====
[Extraction: OCR (rendered-page OCR)]
Section 3. The Abatement Rate shall be Forty Percent (40%) of the real estate
taxes to be extended on the Subject Property on behalf of the [Unit of Government].
Section 4. The [Mayor / Chairman / President] and [Clerk / Secretary] of this [Unit
of Government] are hereby authorized and directed to execute this [Ordinance /
Resolution] and cause a certified copy of the same to be filed with the County Clerk of
DuPage County, Illinois.
Section 5. This [Ordinance / Resolution] shall be in full force and effect upon its
adoption and publication.
ADOPTED this day of , 20__ by a majority
vote of the Corporate Authorities of the [Unit of Government] on a roll call vote as follows:
AYES:
NAYS:
ABSENT:
APPROVED by the [Mayor / Chairman / President] of the [Unit of Government]
on the day of y20__x
[Mayor / Chairman / President]
ATTEST:
[Clerk / Secretary]
[Published in pamphlet form / Published in the newspaper, being a newspaper
of general circulation within the [Unit of Government] this __ day of ,20_.]
454988_2 36

===== PDF PAGE 122 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT 1
LEGAL DESCRIPTION OF THE SUBJECT PROPERTY
(attached)
454988_2 37

===== PDF PAGE 123 =====
[Extraction: OCR (rendered-page OCR)]
ge Zee6rsp
ISAM SCNOOGS 81 SALNNIW 9¢ SAAYOAG 6E HLYON AONSHL LLNIOd V OL 1334
GS'98S ISAM SGNOOAS +l SSALNNIW €€ SAAYOIG 98 HLNOS SUVA GYOHD
ASOHM GNV L334 80'°S6r AO SNIGVY V ONIAVH L457 SHL OL AIONIO LNJONVL
V dO OV FHL ONOW L354 22279 ATYSLSSM JAONSHL (e) ‘SYNLWAYND
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6S HLYON SYV3d GHOHD SSOHM GNV L334 Z6'796 JO SNIGVY V ONIAVH LHOIY
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FONAHLL (Z) ‘AAYND GNNOdNOD JO LNIOd V OL LASS 99°91 ISAM SGNOOZS £1
SSLANIN €% SASYOAC ZY HLYON SYV3E GYOHD ASOHM GNV L334 00'0SZ 4O
SNIGVY V ONIAVH LHOIYM AHL OL SIOUMIO LNSDNVL-NON V 4O ONV SHL ONOTV
L354 99°91 ATHSLSAMHLYON SONSHL (L) SASHNOD (€) LXAN SHL NOS JAIMG
NOLLVAONNI GIVS 3O SANIT ATHSHLYON SHL SNOW SONSHL ‘9E6LEL-200zY
LNSWN9O”d Yad G3SLVOIGSC SAIMG NOLLVAONNI JO SANIT ATYSHLYON SHL NO
ALNIOd V OL L554 08°22) JO JONVLSIG V 'Z LOT GIVS 4O SANIT LSAM JHL ONO
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4O YSNYHOO LSSMHLYON SHL OL 1554 68'S8l JO JONVISIC V Zz LOT Alvs 4O
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FONSHL ‘vS7ZZ1-2007H YAEWNN LNSWNOOG SV ZO0z ‘OL AINfF GaqHOoosY
AOSYSHL LVW1d AHL OL ONIGHOOOV ‘Z LOT LWld LNAWSSASSV HLYON
MYVd ADOIONHOAL IWNOILVN 39VdNd NI Z LOT JO YSNNOO LSVAHLYON
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€L SALANIN €% SHANOAG ~8 HLYON ONINNILNOO SONSHL ‘ONINNIDZE
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HLYON SONSHL (Z) ‘LB54 €v'OL€ LSVS SGNOOAS €1 SALNNIW €v SASNOAA +8
HLYON SONFHL (L) “SASUNOD (€) LXAN SHL GNV SIHL NOS (GVO LISARZSOON
YuV) 8€ ALNOY SIONITI 3O SANIT HLNOS SHL ONIDG OSIV ZNIT alvs
‘1554 $9°00r ‘ALYAdONd GIVS JO SANIT HLNOS SHL ONOTW LSVW3 SGNOOFS OF
SSLANIW ZO SASHOAC €8 HLNOS SJONSHL '!8Z9S91-ZL0ZY NAEWAN LNAWNOOG
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YSLYVNO GIVS JO ANI LSSM SHL SNOW LSVS SGNOOAS 0S SSLNNIN
ZO SSSNODAG 00 HLYON JONSHL ‘6ZZZE1-€007Y GNYOOSY LNAWANOW Yad
‘YALYVNO LSAMHLYON GIVS 4O YSNYNOO LSAMHLNOS SHL LV ONIONSWWOO
‘SMOT1O4
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6€ dIHSNMOL ‘2 NOILOAS JO YALYVNO LSAMHLYON SHL JO LYWd LVHL

===== PDF PAGE 124 =====
[Extraction: OCR (rendered-page OCR)]
77.83 FEET; THENCE NORTH 00 DEGREES 01 MINUTES 39 SECONDS EAST 938.73
FEET, TO THE POINT OF BEGINNING; BEGINNING, IN DUPAGE COUNTY, ILLINOIS.
P.I.N.: 04-07-102-018
Common address: 555 Innovation Drive Circle, West Chicago, Illinois 60185
454988_2 39

===== PDF PAGE 125 =====
[Extraction: OCR (rendered-page OCR)]
EXHIBIT E
ABATEMENT PROCESS
Capitalized terms in this EXHIBIT E shall have the meanings as set forth for said terms
in the “Intergovernmental Agreement Between the City of West Chicago, DuPage Airport
Authority, West Chicago Library District, West Chicago Fire Protection District, West
Chicago Elementary School District 33, Community High School District 94 and Scannell
Properties #371, LLC in Regard to a Property Tax Abatement Relative to the
Development of the Scannell Property” (“IGA”), unless otherwise defined in this EXHIBIT
E;
As of the Effective Date of the IGA, the process for administering the Tax Abatement is:
4 Within sixty (60) days of the Commencement Date, each UNIT OF GOVERNMENT
shall adopt an Abatement Ordinance / Resolution, and send a certified copy of its
Abatement Ordinance / Resolution to the Clerk.
2. The Clerk shall, at the time the tentative tax rates are prepared for each year's
property tax levy, send to the chief executive officer of each of the UNITS OF
GOVERNMENT a letter setting forth, with respect to the Tax Abatement, the parcel(s)
affected, the amount of property taxes to be levied, and the amount of the abatement
attributable to each of the UNITS OF GOVERNMENT (“Abatement Letter’).
o: Each of the UNITS OF GOVERNMENT shall, each year, review the Abatement
Letter from the Clerk, note any changes in the information provided, and then sign and
return the Abatement Letter to the Clerk, all within seven (7) days of receipt of the
Abatement Letter.
4. The Clerk shall track and account for the total Tax Abatement paid to the
DEVELOPER.
5; The Clerk shall calculate the property tax levy for each of the UNITS OF
GOVERNMENT taking the Tax Abatement into account, as approved by each of the
UNITS OF GOVERNMENT with regard to its annual Abatement Letter.
6. The Tax Abatement for the Subject Property abated in previous and future years
by all other taxing districts, shall not exceed the total of Four Million and No/100 Dollars
($4,000,000.00).
454988_2 40