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CITY OF WEST CHICAGO
FINANCE COMMITTEE
AGENDA ITEM SUMMARY
ITEM TITLE:
AGENDA ITEM NUMBER: _ 5-A+ ©.
Resolution No. 21-R-0046 — First Amendment to the IGA
with Crest Hill Investment LLC FILE NUMBER:
Resolution No. 21-R-0047 — Updated EIA with OSI COMMITTEE AGENDA DATE: 6/9/2021
Industries, LLC COUNCIL AGENDA DATE: 6/21/2021
STAFF REVIEW: SIGNATURE,
APPROVED BY CITY ADMINISTRATOR: SIGNATURE
ITEM SUMMARY:
Regarding the First Amendment to the IGA, a minor change is needed in the legal description, and
references to Greco and Sons need to be eliminated as that company is no longer in existence, All
substantive terms approved in the original IGA remain.
Regarding the Updated EIA, the initial version didn’t include any term limit for the clawback of the utility
rebate, which wasn’t raised at any time prior to the original approval. It would be inappropriate for a
company who has been operating for 100 years to repay 50% of the rebate provided from inception, so
language has been added to limit the clawback provision to 15 years, which matches those included in
the EIAs with Ball Horticultural, Norix and Discovery Drive Investors.
STAFF RECOMMENDATION:
Staff recommends approval of Resolution Nos. 21-R-0046 and 21-R-0047.
COMMITTEE RECOMMENDATION:
The Finance Committee unanimously recommends approval of Resolution Nos. 21-R-0046 and 21-R-
0047.