===== PDF PAGE 41 ===== [Extraction: embedded PDF text] CITY OF WEST CHICAGO FINANCE COMMITTEE AGENDA ITEM SUMMARY ITEM TITLE: AGENDA ITEM NUMBER: ________________5.A. Amendment to Development Agreement with COMMITTEE AGENDA DATE: March 2, 2026 1300 Roosevelt Investors LLC & Associated Intergovernmental Agreement with DuPage COUNCIL AGENDA DATE: ________________County STAFF REVIEW: Kelley Chrisse, AICP, CEcD SIGNATURE __________________________ ITEM SUMMARY: The purpose of this item is to discuss a forthcoming amendment to the Development Agreement with 1300 Roosevelt Investors LLC and Intergovernmental Agreement (IGA) with DuPage County related to roadway improvements required at the intersection of Fabyan Parkway and Poorman Parkway. An overview of these items is being presented to identify potential concerns prior to consideration by the City Council anticipated on March 16. Approval of these agreements will allow the developer to proceed with construction once the associated permits are issued. Background and Project Summary In May 2023, the City Council approved Ordinance No. 23-O-0009 authorizing a development agree- ment with 1300 Roosevelt Investors LLC for property located at the southeast corner of Roosevelt Road and Fabyan Parkway. The project consists of construction of two industrial buildings totaling approximately 675,000 square feet, including warehouse and distribution space with associated parking, loading areas, stormwater facilities, and supporting site improvements. The project also includes construction of Poorman Park- way, a new internal roadway connecting Fabyan Parkway to the eastern property boundary, along with necessary access and turn lane improvements on Fabyan Parkway. The development represents a significant private investment and is supported through TIF reim- bursement mechanisms tied to incremental property tax generation following project completion. Permit Delays and County Coordination For more than six months, the developer, Pritzker Realty Group (PRG), has pursued permitting from DuDOT for roadway access associated with Poorman Parkway. Progress has been delayed due to DuDOT’s planned Fabyan Parkway widening project, which requires coordinated design and con- struction of intersection improvements before access can be approved. DuDOT has requested that the City enter into an IGA to incorporate intersection improvements into the County’s roadway project and to define cost and maintenance responsibilities between the County and the City. Intergovernmental Agreement Overview The proposed IGA addresses construction of a northbound right-turn lane and southbound left-turn lane at Fabyan Parkway and Poorman Parkway as part of the County’s Fabyan Parkway improve- ment project. ===== PDF PAGE 42 ===== [Extraction: embedded PDF text] Key provisions include: • The County will administer construction of the overall Fabyan Parkway project, including the intersection improvements. • The City is responsible for engineering and construction costs associated with the intersection work, with estimated municipal costs identified at approximately $543,128, subject to reconcil- iation based on actual construction costs. • Payments to the County would occur in phases tied to project award, substantial completion, and closeout. While the County requires the City to assume these obligations, the improvements are directly at- tributable to development access needs. Proposed Redevelopment Agreement Amendment To address the County requirement, staff intends to amend the Development Agreement to: • Pass through the cost obligations associated with the intersection improvements to the devel- oper; • Establish a payment schedule aligning with the County’s reimbursement timeline; • Require the developer to provide proof of payment to the City prior to or concurrent with the City’s reimbursement obligations to the County; and • Replace Exhibit E of the agreement to reallocate eligible redevelopment project costs based on actual bid results and updated infrastructure estimates. The amendment does not increase the total TIF reimbursement authorization or request additional TIF assistance. The modification is administrative in nature and reflects a reallocation of previously eligible costs to align with actual construction bids and required intersection improvements. This ap- proach limits financial exposure to the City while allowing the project to proceed without expanding incentive commitments. Timing Considerations Execution of the IGA and corresponding Development Agreement amendment is necessary for DuDOT to issue access permits for Poorman Parkway. Delays in finalizing these agreements would postpone permit issuance, delay construction of Poorman Parkway and both buildings, and defer re- alization of anticipated tax base growth. The existing Development Agreement requires construction to begin prior to June 2026. If permits are issued as anticipated, construction is expected to begin in April 2026, with completion of both buildings projected for January 2027. Advancing the amendment at this time supports the devel- oper’s ability to meet contractual timing requirements and maintain the planned development sched- ule. Because amendment language is still being drafted to reflect County requirements and updated cost allocations, this item is being presented for early Finance Committee input. This approach allows concerns to be identified prior to final drafting and helps ensure the documents presented for City Council consideration on March 16 do not require subsequent revisions that could delay permitting or construction. ACTIONS PROPOSED: Staff recommends proceeding with finalizing the amendment to the Development Agreement and the IGA with DuPage County. ===== PDF PAGE 43 ===== [Extraction: OCR (rendered-page OCR)] COMMITTEE RECOMMENDATION: