===== PDF PAGE 39 ===== [Extraction: OCR (rendered-page OCR)] CITY OF WEST CHICAGO CITY COUNCIL AGENDA ITEM SUMMARY ITEM TITLE: AGENDA ITEM NUMBER: _ ©. 14 J. Discovery Drive Investors II, LLC FILE NUMBER: Resolution No. 21-R-0049 — Partial Property Tax COMMITTEE AGENDA DATE: N/A Abatement COUNCIL AGENDA DATE: 7/6/2021 Resolution No. 21-R-0050 — 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. The attached letter explains the need and request for incentives, similar to the first building; Suncast will occupy this second building as well. The incentives tentatively agreed to by the parties include the following: (1) a 40% (initial one was 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; (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); and (3) a rebate of the City’s electric use tax, up to $200,000, if a manufacturing component is added to this development. 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. ACTIONS PROPOSED: Staff recommends approval of Resolutions Nos. 21-R-0049 and 21-R-0050. COMMITTEE RECOMMENDATION: This item was presented at the last Finance Committee meeting, and the members present indicated that these items should go directly to the City Council as it matches the 2015 direction. ===== PDF PAGE 40 ===== [Extraction: OCR (rendered-page OCR)] June 9, 2021 Mr. Michael Guttman City Administrator City of West Chicago 47S Main Street West Chicago, iL 60185 RE: DuPage Business Park Tax Abatement Program Dear Mr. Guttman: Suncast Corporation is a premier U.S. manufacturing company based entirely in the Fox Valley, Illinois. We started here in 1985. Since then, we have grown to become an industry leader, and one of the Valley’s largest employers. Suncast products are sold domestically and internationally, and our brand as well as our reputation for high quality and reliability are universaily known, including among our major outlets and channels such as Home Depot, Lowes, Walmart, Ace Hardware, Amazon and many others. We are committed to innovation, safety, environmental sustainability (including renewable energy and recycling), supporting our communities and making the world a better place. We are dedicated to making our products in the U.S. as well as to remaining an “Employer of Choice” that provides outstanding career opportunities, great benefits and an atmosphere that supports the health, well-being and safety of our employees. In 2019, Suncast signed a 15-year lease to expand its operations into a new state-of-the art 782,000 square foot distribution center at 805 Discovery Drive in West Chicago. We are pleased that this resulted in the creation of over 100 new direct jobs and other valuable direct and indirect economic and social benefits for the community. We are now working with a developer on evaluating a new $40+ million investment opportunity to further expand our operations into yet another new, state-of-the-art warehouse facility located in West Chicago. The facility under consideration would be located on the 42 acres adjacent to 805 Discovery Drive, total 716,000 square feet and could be completed as early as the falt of 2022. As with our 2019 expansion, we believe the new facility under consideration would also result in substantial benefits to the community, including the creation of over 100 new additional direct jobs, local economic growth, new tax revenues and many other valuable economic and social benefits. tn order to make this expansion feasible, we are requesting a tax abatement from the taxing districts that is comparable to the incentives received for the 805 Discovery Drive project. The requested abatement would only partially offset our move and expansion costs, but is absolutely necessary to justify the new building cost. Thank you very much for considering this request. We are hopeful that a positive response will enable us to further expand our West Chicago operations. Sincerely, Lit omas in Atle Executive Chairman cc: Mayor Rueben Pineda, City of West Chicago, 475 Main Street, West Chicago, JL 60185 Suncast" Corporation | 701 North Kirk Road. Batavia, 1 60510 | 630-875-2050 | www.suncast.com S ma rt . | nsi d e & .@) ut ===== PDF PAGE 41 ===== [Extraction: OCR (rendered-page OCR)] OUTBOUND / SHIPPING DOCKS eaaae | PROPOSED ts20"| T howol an INBOUND / RECEIVING DOCKS NORTH. SITE PLAN: bow 120 FEET PROPOSED BUILDING STUDY PHASE 1 AND PHASE 2, DuPAGE BUSINESS CENTER --- WEST CHICAGO, ILLINOIS: DATA: BUILDING SITE AREA: OUTLOT SITE AREA: TOTAL SITE AREA: £1,683,925 SQ.FT. 238.65 ACRES #161320 SQ.FT. 23.70 ACRES 11,845,245 SQ.FT. £42.35 ACRES BUILDING AREA (GROSS): #716,093 SQ.FT. EXTERIOR KS: —<$_—_—— 72 KS DRIVE-IN-DOORS:- 3 DOORS TRAILER POSITIONS: —————— 94 POSITIONS CAR PARKING: 250 CARS. FUTURE CAR PARKING: 97 CARS FAR, —$——$——— nnn nemnennnn 2 @OORNERSTONE ARCHITECTS LTD, 2021 APRIL30, 2021 218204