HomeMy WebLinkAboutOrdinance #4423 - Redevelopment Agreement by and between The City of Canton and Canton Area Heritage Center (111 S. Main St) CERTIFICATE
THE UNDERSIGNED CERTIFIES THAT SHE IS THE CITY CLERK FOR THE CITY
OF CANTON, ILLINOIS, AND THAT THE CITY COUNCIL AT A REGULARLY
CONSTITUTED MEETING OF SAID CITY COUNCIL OF THE CITY OF CANTON ON
THE 17TH DAY OF SEPTEMBER, 2024 ADOPTED ORDINANCE NO. 4423, A TRUE AND
CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET.
GIVEN UNDER MY HAND AND SEAL THIS 17"DAY OF SEPTEMBER,2024:
(SEAL) -
NDREA .SMITH-WALTERS
CITY CLERK
CITY OF CANTON, ILLINOIS
ORDINANCE NO. 4 4 2 3
AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A
CANTON BUSINESS DEVELOPMENT DISTRICT NO. 1
REDEVELOPMENT AGREEMENT
by and between
THE CITY OF CANTON,FULTON COUNTY,ILLINOIS
and
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
PASSED BY THE CITY COUNCIL
OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS,
ON THE 17TH DAY OF SEPTEMBER,2024.
PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY
COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS,
THIS 17'DAY OF SEPTEMBER,2024.
EFFECTIVE: SEPTEMBER 17,2024
2
ORDINANCE NO. 4423
CITY OF CANTON,ILLINOIS
AN ORDINANCE APPROVING AND AUTHORIZING
THE EXECUTION OF A BUSINESS DEVELOPMENT DISTRICT NO. 1
REDEVELOPMENT AGREEMENT
by and between
THE CITY OF CANTON
and
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
WHEREAS, the Mayor and City Council of the City of Canton, Fulton County, Illinois (the
"City"), have hereby determined that the Canton, Illinois Business Development District No. 1
Redevelopment Agreement by and between the City of Canton and Canton Area Heritage Center,
an Illinois 501 (c)(3) Not-For-Profit Corporation (the"Developer") attached hereto as Exhibit `A,"
is in the best interest of the citizens of the City of Canton.
NOW THEREFORE,be it ordained by the Mayor and City Council of the City of Canton,
Illinois,in the County of Fulton,as follows:
1. The City of Canton, Illinois Business Development District No. 1 (the `Business District")
Redevelopment Agreement attached hereto as Exhibit `A"is hereby approved.
2. The Mayor is hereby authorized and directed to enter into and execute on behalf of the City
said Business District Redevelopment Agreement and the City Clerk of the City of Canton is
hereby authorized and directed to attest such execution.
3. The Mayor is hereby further authorized to approve a single forty-five (45) day extension of
the Developer's obligation to complete the Project and verify eligible expenses if such
extension is requested by the Developer in writing on or before April 30,2025.
4. The Business District Redevelopment Agreement shall be effective the date of its approval on
the 17`'day of September,2024.
5. This Ordinance shall be in full force and effect from and after its passage and approval as
required by law.
(The remainder of thi page is intentionally left blank.)
3
PASSED APPROVED AND ADOPTED by the Mayor and City Council of the City of
Canton this 17'day of September,2024.
MAYOR&ALDERMEN AYE VOTE NAY VOTE ABSTAIN/ABSENT
Angie Lingenfelter
Andra Chamberlin 1
Patrick Ketcham I
I
Ralph Grimm
I
1
Greg Gossett
Justin Nelson
John Lovell
Angela Hale
Kent A.McDowell,Mayor
TOTAL VOTES 8
2024
APPROVED: Date / /
Mayor, City of Canton
ATTEST: — Date: LO 2024
C(ty Clerk, Ci of Canton
ATTACHMENTS:
1. EXHIBIT A. City of Canton,Illinois Business Development District No. 1 Redevelopment
Agreement by and between the.City of Canton and Canton Area Heritage Center.
4
EXHIBIT A
CITY OF CANTON, ILLINOIS
BUSINESS DEVELOPEMNT DISTRICT NO. 1
REDEVELOPMENT AGREEMENT
by and between
THE CITY OF CANTON
and
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
5
CITY OF CANTON, ILLINOIS
BUSINESS DEVELOPMENT DISTRICT NO. 1
REDEVELOPMENT AGREEMENT
by and between
CITY OF CANTON, ILLINOIS
and
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
SEPTEMBER 17, 2024
CITY OF CANTON, ILLINOIS
BUSINESS DEVELOPMENT DISTRICT NO. 1
REDEVELOPMENT AGREEMENT
by and between
CITY OF CANTON, ILLINOIS
and
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
THIS AGREEMENT (including Exhibits, hereinafter referred to as the "Agreement") is
entered into this 17"day of September,2024,by the City of Canton(the"City"),an Illinois Municipal
Corporation, Fulton County, Illinois, and Canton Area Heritage Center,an Illinois 501 (c)(3) Not-
For-Profit Corporation (the"Developer").
PREAMBLE
WHEREAS, the City has the authority to promote the health, safety, and welfare of the City
and its citizens and to encourage development, job creation, and/or the full utilization of real estate;
and
WHEREAS,pursuant to the Illinois Business District Development and Redevelopment Act
(65 ILCS 5/11-74.3-1 et seg.), as amended (the "Act"), the City established the Canton Business
Development District No. 1 (the "Business District" or "BDD") on March 15, 2022, by approving
Ordinance No. 4281;and
WHEREAS,on September 30,2022,the City approved the First Amendment to the Business
District by approving Ordinance No. 4307 and further ratified the First Amendment on October 5,
2022 by approving Ordinance No. 4315;and
WHEREAS, pursuant to Illinois Statute 65 ILCS 5/8-1-2.5, the City has the authority to
appropriate and expend funds for economic development purposes;and
WHEREAS,pursuant to the Act, the City has the authority to incur eligible business district
project costs and may enter into agreements with developers to reimburse them for their eligible
business district project costs;and
WHEREAS, the Developer is a tenant of property located within the Business District at 111
S. Main St. (PIN 09-08-27-419-017),which is hereinafter referred to as the"Property;"and based in
part on incentives made available by the City, the Developer shall proceed with plans to undertake
leasehold improvements relating to interior rehabilitation, repair and renovation of the entrance and
reception area located in the Developer's space on the Property at a total estimated cost of$4,000 (the
"Project"); and
WHEREAS, the Developer's proposed Project is consistent with the land uses of the City
and the Business District Plan as.adopted;and
WHEREAS, as an incentive to undertake the Project, the Developer has requested
reimbursement for a portion of its BDD eligible project costs as described in Exhibit "I"attached
hereto and as further evidenced by the Developer's request attached hereto as Exhibit "2;"and
2
WHEREAS, the City has determined that this Project requires the incentives requested and
that said Project will promote the health, safety and welfare of the City and its citizens by attracting
private investment to redevelop under-utilized property, to provide employment for its citizens, and
generally to enhance the local economy;and
WHEREAS,in consideration of the execution of this Agreement and in reliance thereon,the
Developer is prepared to redevelop said property; and
WHEREAS, the City is entering into this Agreement to induce the Developer to complete
the Project located on the Property.
AGREEMENTS
NOW, THEREFORE, for good and valuable consideration, the receipt of which is
acknowledged, the Parties agree as follows:
A. PRELIMINARY STATEMENTS
1. The Parties agree that the matters set forth in the recitals above are true and correct and form
a part of this Agreement and are to be construed as binding statements of this Agreement.
2. Any terms which are not defined in this Agreement shall have the same meaning as they do in
the Act,unless indicated to the contrary.
3. The Developer agrees to complete the Project and verify eligible project costs as required in
Section "E"below on or before April 30, 2025, subject to exception of Force Majeure as
described in Section "I"below.
4. For the purpose of this Agreement, the Developer's Project will be deemed to be complete
when the interior improvements described in Exhibit "Fare completed in compliance with
all applicable or and building codes of the City, and the eligible project costs have
been verified by the Developer pursuant to Section "E"below.
5. Each of the Parties represents that it has taken all actions necessary to authorize its
representatives to execute this Agreement.
B. INCENTIVES
In consideration for the Developer completing its Project, the City agrees to extend to the Developer
the following incentives to assist the Developer's Project:
1. Upon the timely completion of the Project and verification of Business District eligible project
costs incurred in furtherance of the Project by the Developer pursuant to Section "E"below,
the City shall reimburse the Developer a single, lump-sum amount not to exceed Twenty
Five Percent(25%) of the verified eligible project costs incurred for the Project or One
Thousand and 00/100 Dollars ($1,000.00),whichever is less, and as may be payable from
the Canton BDD Special Tax Allocation Fund pursuant to the Act.
3
C. LIMITATION OF INCENTIVES TO DEVELOPER
1. The Developer shall be reimbursed by the City, subject to the limitations of Section `B"
above, from the Business District Tax Allocation Fund, but only up to an amount not to
exceed$1,000.00.
D. OBLIGATIONS AND RESPONSIBILITIES OF DEVELOPER
1. The Developer shall timely complete the Project located on the Property. Failure of the
Developer to timely complete such the Project as set forth herein will result in the denial of
the reimbursements to be otherwise made hereunder.
2. The failure of the Developer to provide any information reasonably required herein after
notice from the City,and the continued failure to provide such information within 30 days to
the City after such notice shall be considered a material breach of this Agreement and shall be
cause for the City to deny payments hereunder to the Developer, which payments are
conditional upon receipt of the forgoing information.
3. The Developer agrees to execute any and all documents necessary to effectuate the provisions
of this Agreement.
E. PAYMENT OF ELIGIBLE PROJECT COSTS
1. To receive the incentives set forth in Section `B" above, the Developer must submit
documentation evidencing all Business District Eligible Project Costs incurred by it with
respect to the Project on or before April 30, 2025. Satisfactory evidence of such costs shall
include verified bills or statements of suppliers, contractors, or professionals together with
mechanic's lien waivers (whether partial or full), cancelled checks, statements or invoices
marked paid from each of the parties entitled to payment with respect to work done for the
Project, or other proofs payment for such bills, statements, or invoices for such costs.
2. Absent the City's written consent for an extension provided to the Developer, any costs
submitted after April 30, 2025,will not be eligible for reimbursement.
a. Upon receiving written request from the Developer on or before April 30, 2025, the
Mayor may grant to the Developer one extension of up to forty-five (45) days to
complete the Project and comply with Section `B(1)"above.
3. Payment to the Developer for BDD Eligible Project Costs as set forth by the BDD Act shall
be made by the City following submission by Developer of a final Requisition for Payment of
Private Development Redevelopment Costs (the "Requisition") attached hereto as Exhibit "3"to
Jacob & Klein, Ltd. and the Economic Development Group, Ltd. (collectively the `BDD
Administrator"), and the BDD Administrator's approval of the BDD eligible project costs
and the availability of funds in the Canton BDD Special Tax Allocation Account.
4. If any costs which are submitted by the Developer are not approved by the Administrator,the
reasons for disallowance will be set forth in writing and the Developer may resubmit the costs
with such additional information as may be required and the same procedures set forth herein
shall apply to such re-submittals.
4
5. All Business District Eligible Project Costs which have been approved shall then be paid
pursuant to the terms set forth in Section `B"above.
F. LIMITED OBLIGATION OF CITY
The City's obligation hereunder to reimburse the Developer as stated herein is a limited
obligation. Said obligation does not now and shall never constitute an indebtedness of the City within
the meaning of any State of Illinois constitutional or statutory provision and shall not constitute or
give rise to a pecuniary liability of the City or a charge or lien against any City fund nor obligate the
City to utilize its taxing authority to fulfill the terms of this Agreement.
G. LIMITED LIABILITY OF CITY TO OTHERS FOR DEVELOPER'S EXPENSES
There shall be no obligation by the City to make any payments to any person other than the
Developer, nor shall the City be obligated to make payments to any contractor, subcontractor,
mechanic, or materialman providing services or materials to the Developer for the Project.
H. DEFAULT; CURE; REMEDIES
In the event of a default under this Agreement by any Party hereto (the "Defaulting Party"),
which default is not cured within the cure period provided for below,then the other Party(the"Non-
defaulting Parry") shall have an action for damages, or in the event damages would not fairly
compensate the Non-defaulting Party's for the Defaulting Party's breach of this Agreement,the Non-
defaulting Party shall have such other equity rights and remedies as are available to them at law or in
equity. Any damages payable by the City hereunder shall be limited to the Municipal Sales Tax
Revenues payable under the terms of this Agreement.
In the event a Defaulting Party shall fail to perform a monetary covenant which it is required
to perform under this Agreement,it shall not be deemed to be in default under this Agreement unless
it shall have failed to perform such monetary covenant within thirty(30) days of its receipt of a notice
from a Non-defaulting Party specifying that it has failed to perform such monetary covenant. In the
event a Defaulting Party fails to perform any non-monetary covenant as and when it is required to
under this Agreement,it shall not be deemed to be in default if it shall have cured such default within
thirty (30) days of its receipt of a notice from a Non-defaulting Party specifying the nature of the
default, provided, however, with respect to those non-monetary defaults which are not capable of
being cured within such thirty(30) day period,it shall not be deemed to be in default if it commences
curing within such thirty (30) day period, and thereafter diligently and continuously prosecutes the
cure of such default until the same has been cured.
I.TIME;FORCE MAJEURE
For this Agreement,time is of the essence. The Developer agrees to complete the Project on
or before April 30, 2025, subject to extension due to Force Majeure (defined below). Failure to do
so shall be cause for the City to declare the Developer in default and unilaterally terminate the
Agreement after notice and the opportunity to cure as provided in Section H. However,the Developer
and the City shall not be deemed in default with respect to any obligations of this Agreement on its
part to be performed if the Developer or the City fails to timely perform the same and such failure is
due in whole, or in part, to any strike,lock-out, labor trouble (whether legal or illegal), civil disorder,
inability to procure materials, weather conditions, wet soil conditions, failure or interruptions of
5
power, restrictive governmental laws and regulations, condemnation, riots, insurrections, war, fuel
shortages,accidents, casualties,Acts of God or any other cause beyond the reasonable control of the
Developer or the City.
J.ASSIGNMENT
The rights (including,but not limited to, the right to payments contemplated by Section `B"
of this Agreement) and obligations (or either of them) of the Developer under this Agreement shall
not be assignable.
K. WAIVER
Any Party to this Agreement may elect to waive any remedy it may enjoy hereunder,provided-
that no such waiver shall be deemed to exist unless the Party waiving such right of remedy does so in
writing. No such waiver shall obligate such Party to waive any right of remedy hereunder or shall be
deemed to constitute a waiver of other rights and remedies provided said Party pursuant to this
Agreement.
L. SEVERABILITY
If any section, subsection, term or provision of this Agreement or the application thereof to
any Party or circumstance shall, to any extent, be invalid or unenforceable, the remainder of said
section, subsection, term or provision of this Agreement or the application of same to parties or
circumstances other than those to which it is held invalid or unenforceable, shall not be affected
thereby.
M. NOTICES
All notices,demands,requests,consents,approvals or other instruments required or permitted
by this Agreement shall be in writing and shall be executed by the Party or an officer,agent or attorney
of the Party,and shall be deemed to have been effective as of(i) the date of actual delivery,if delivered
personally,or(ii)as of the third(3`d) day from and including the date of posting,if mailed by registered
or certified mail, return receipt requested, with postage prepaid or (iii) the next business day if sent
overnight delivery using a nationally recognized delivery service, addressed as follows:
TO CITY TO DEVELOPER
City of Canton Canton Area Heritage Center
`/o City Clerk `/o Jack Pollitt, Chairperson
2 N. Main Street
Canton, Illinois 61520 111 S. Main St.
Ph: (309) 647-0065 Canton, Illinois 61520
Ph: (309) 647-2242
With copy to City BDD Administrator.
With copy to:
Jacob&Klein,Ltd. and John J. McCarthy,Attorney
The Economic Development Group,Ltd. 209 E. Chestnut St., Ste. 1
1701 Clearwater Avenue Canton,IL 61520
Bloomington, Illinois 61704
Ph: (309) 664-7777
6
N. SUCCESSORS IN INTEREST
Subject to the provisions of Section "j"above, this Agreement shall be binding upon and
inure to the benefit of the Parties hereto and their respective successors and assigns.
O. NO JOINT VENTURE,AGENCY, OR PARTNERSHIP CREATED
Neither anything in this Agreement nor any acts of the Parties to this Agreement shall be
construed by the Parties or any third person to create the relationship of a partnership,agency,or joint
venture between or among such Parties.
P. LIMITATIONS OF LIABILITY
As it relates to this Agreement, no recourse under or upon any obligation, covenant or
agreement of this Agreement or for any claim based thereon or otherwise in respect thereof shall be
had against the City, its officers, agents and employees, in excess of any specific sum agreed by the
City to be paid to Developer, hereunder, subject to the terms and conditions herein, and no liability,
right or claim at law or in equity shall attach to or shall be incurred by its officers,agents and employees
in excess of such amounts, and all and any such rights or claims of Developer against the City, its
officers, agents and employees are hereby expressly waived and released as a condition of and as
consideration for the execution of this Agreement by the City.
Q. ENTIRE AGREEMENT
The terms and conditions set forth in this Agreement supersede all prior oral and written
understandings and constitute the entire agreement between the City and the Developer with respect
to the subject matter hereof.
R. TERM OF THE AGREEMENT
Notwithstanding anything in this Agreement to the contrary, this Agreement shall expire on
April 30, 2025, or upon the Developer receiving the incentives provided for in Section `B"above.
The Agreement shall expire sooner upon default by the Developer of this Agreement after applicable
notice and cure periods.
S. ILLINOIS PREVAILING WAGE ACT
It is the understanding of the Parties that the position of the Illinois Department of Labor(the
"Department") is that the Illinois Prevailing Wage Act does not apply to Sales Tax Reimbursements
received by private developers as reimbursement for private redevelopment project costs. This
position of the Department is stated as an answer to a FAQ section on the Department's website.'
The Developer shall indemnify and hold harmless the City,and all City elected or appointed officials,
officers, employees, agents, representatives, engineers, consultants, and attorneys (collectively, the
"indemnified Parties"), from any and all claims that may be asserted against the Indemnified Parties
or one or more of them,in connection with the applicability, determination, and/or payments made
under the Illinois Prevailing Wage Act (820 ILCS 130/0.01 et. seg.), the Illinois Procurement Code,
and/or any similar State or Federal law or regulation. This obligation to indemnify and hold harmless
obligates Developer to defend any such claim and/or action, pay any liabilities and/or penalties
imposed, and pay all defense costs of City, including but not limited to the reasonable attorney fees
tSeeonline: https://Iabor.illi"oi,,.$,oi-/.
7
of City. Failure to comply with any of these requirements may cause all benefits hereunder to be
terminated by the City.
T. OTHER GENERAL PROVISIONS
1. Titles of Paragraphs: Titles of the several parts, paragraphs, sections, or articles of this
Agreement are inserted for convenience of reference only and shall be disregarded in
construing or interpreting any provisions hereof.
2. Amendments to this Agreement. The Parties hereto may amend this Agreement at any
time by their mutual consent which amendment must be in writing and executed by the
Parties.
3. Warranty of Signatories: The signatories of Developer warrant full authority to both execute
this Agreement and to bind the entity in which they are signing on behalf of.
4. Counterparts:This Agreement may be executed in counterparts,which when taken together
shall constitute a single signed original as though all Parties had executed the same page.
5. Choice of Law/Venue: This Agreement shall be governed by and construed in accordance
with the laws of the State of Illinois with venue lying in the Circuit Court of Fulton County,
Illinois.
THIS AGREEMENT IS INTENDED TO BE A LEGAL DOCUMENT. AN ATTORNEY AT
LAW SHOULD BE CONSULTED PRIOR TO THE EXECUTION OF THIS DOCUMENT.
IN WITNESS WHEREOF the Parties hereto have caused this Agreement to be executed
by their duly authorized officers on the above date at the City of Canton, Illinois.
CITY DEVELOPER
CITY OF CANTON, ILLINOIS, an Illinois CANTON AREA HERITAGE CENTER,
Municipal orporation an Illinois 501 (c)(3) Not-for-Profit
orporation
BY: bL�4)t-'—�7
M11yor BY:
Date: Jac ollitt, Chairperso
Date:
AT STE Y-
Cr Clerk
Date:
EXHIBITS:
Exhibit 1. Estimated BDD Eligible Project Costs
Exhibit 2. Application for BDD Benefits Relating to Private BDD Eligible Redevelopment Project
Costs as submitted by Canton Area Heritage Center
Exhibit 3. Requisition for Payment of Private Development Redevelopment Costs
8
EXHIBIT 1
ESTIMATED BDD ELIGIBLE PROJECT COSTS
Canton Area Heritage Center
City of Canton,Fulton County,Illinois / Canton BDD No. 1
Project Description: Developer shall proceed with plans to undertake leasehold
improvements relating to interior rehabilitation,repair and renovation
of the entrance and reception area located in the Developer's space on
the Property at a total estimated cost of$4,000. i
i,
Property: 111 S. Main St., Canton, Illinois
PIN 09-08-27-419-017
JONES SECOND ADDITION, LOTS 56, 57, 58, 59 & 60 AND
STRIP S OF LOT 60 AND E OF PT LOT 59 & 60
i
.W
s HI INER -
Estimated BDD Eligible Project Costs:
Interior rehabilitation,repair,and renovation (materials dam'contracted labor)...................................... $4,000
Total Estimated BDD Eligible Project Costs l.......................................................
1 The total,cumulative reimbursement of BDD Funds for BDD Eligible Project Costs payable by the City to the Developer
shall not exceed 25%of verified BDD eligible project costs incurred by the Developer or$1,000.00,whichever is less as
set forth in this Redevelopment Agreement.
9
EXHIBIT 2
APPLICATION FOR ASSISTANCE RELATING TO PRIVATE BDD
ELIGIBLE REDEVELOPMENT PROJECT COSTS
as submitted by
CANTON AREA HERITAGE CENTER'
(111 S. Main St.)
(See following pager as attached)
From:Michelle Spiva<mspiva@cantonillinois.org>
Sent:Thursday,August 29,2024 1:01 PM
To:Carol Kohler<CKohler@cantoncityhall.org>
Subject:Heritage Museum TIF App
Hi Carol,
Attached please find a TIF application for the Heritage Museum.There is a brief explanation of the project in
the application.
They are expanding into the former Watson Center for Wellness location.They will occupy their current unit
plus the new unit which will almost double their space.They will be expanding the entry which will create one
large entryway with welcome desk.They will also knock down the joining wall to create a cohesive space and
create a reading room.They have additional artifacts they will be able to add to the museum with this newly
expanded space.Graham will be providing the contactor for the work.
Thanks,
Michelle Spiva
Executive Director
48 N.Main St.
Canton,IL 61520
(309)647-2677 Ext:4
'The Developer inadvertently submitted its request on a TIF District Application instead of the BDD Application. The
property is not located within a TIF District but is located within the Canton BDD No. 1 Redevelopment Project Area.
The City did not require the Developer to resubmit its request as it was possible to retrieve information from this material
for the preparation of the BDD Redevelopment Agreement.
10
TIF
ACOB &KLEIN,,. THE ECONOMIC
J An�r� racl�� DEVELOPMENT GROUP.,n
Ecm.omicC malmon and Rgi—d.4hW palAdvi—OEC AMA)
TAX INCREMENT FINANCING(TIF) DISTRICT
APPLICATION FOR TIF BENEFITS RELATING TO
PRIVATE(TIF)ELIGIBLE REDEVELOPMENT PROJECT COSTS
Pursuant to Section(65 ILCS 5/11-74.4-4(b))of the Tax Increment Allocation Redevelopment Act(65 ILCS
5/11-74.4 et. seq.), municipalities may make and enter into contracts with private developers to induce
redevelopment projects which are necessary or incidental to the implementation and furtherance of its
redevelopment plan and project.Municipalities may also,undercertain conditions,incur project redevelopment
costs and reimburse developers who incur redevelopment project costs which are authorized by a
redevelopment agreement(65 ILCS 5/11-74.4-4(j)).
Private developers seeking reimbursement of TIF eligible redevelopment project costs are required by the
municipality to complete this application allowing the municipality to adequately determine the developer's
eligibility for assistance from the Tax Increment Financing(TIF)District.
INSTRUCTIONS: Complete each section and return via email to tifiliinois@tifillinois.com, fax
(309) 664-7878 or U.S. Mail to: The Economic Development Group,Ltd.,1701 Clearwater Avenue,
Bloomington,IL 61704.
PART 1:DEVELOPER INFORMATION
Developer Legal/Business Name: Canton Area Heritage Center Date:8-8-24
Business type: Dole Proprietorship; Partnership; Corporation(State of Charter:
nLLC ❑✓Other(please describe): 501 (C)(3)non profit Please
list any other business, subsidiary, parent company, corporation, limited liability company, individual, or
other entity that might incur costs related to this Project:
Developers Contact Information:
Name Jack Pollitt Title Chair Person
Address 111 S. Main St.
City Canton State IL Zip 61520
Daytime Phone 647-2242 business line Mobile 309-647-2747 home line
Fax email jackpollitt@sbcglobal.net
PART II:PROJECT INFORMATION
TIF District Name TIF 1 City Canton
Project Name Canton Area Heritage Center Expansion
Anticipated Start Date 8125/24 Anticipated Completion Date 9/25/24
1
11
Project Description We are expanding into the space next door.This will give us much more
space.We will need to create one entrance and a new reception area.We will remove a few
walls and create a reading room for Canton historical books,notebooks and articals.
Project is classified as: ❑Industrial; g Commercial; ❑Residential
Project Street Address 111 S Main St Canton IL 61520
Parcel(s)Relating to the above described project:
1. Property Identification Number(PIN) 09-08-27-419-017
Is this property within the TIF District Boundary (or proposed boundary)?zYes ❑No
Date property was acquired: lease 8/15/24
2. Property Identification Number(PIN)
Is this property within the TIF District Boundary(or proposed boundary)?[]Yes ❑No
Date property was acquired:
3. Property Identification Number(PIN)
Is this property within the TIF District Boundary(or proposed boundary)?❑Yes ❑No
Date property was acquired:
(Please list any additional parcels on separate sheet and attach)
IF RESIDENTIAL:what is the expected absorption rate or"build-out"for theproject?
PHASE I:Number of lots= @ PHASE II:Number of lots= @
$ per lot $ per lot
Calendar Number of Avg.Fair Market Calendar Number of Avg.Fair Market
Year Homes or Value Year Homes or Value
Units (House and Lot) Units (House and Lot)
(Please describe additional phases on separate sheet and attach)
FOR ENTIRE PROJECT:
Total Projected Investment$4,000.00 (Land and Real Estate Improvements Only)
Total Number of Jobs Created: N/A
Number of Jobs FTE(full-time equivalent): N/A
Current annual retail sales(if applicable-commercial projects only)........ $
Projected(new)annual retail sales generated by this project....... $
2
12
PART III. ESTIMATED TIF ELIGIBLE PROJECT COSTS
Property Assembly Costs: Phase 1. Phase It.
1. Property Acquisition...................... $ $
2. Site preparation,clearing and grading........ $ $
3. Demolition............................. $ $
Professional Fees:
1. Planning,engineering,architectural ......... $ $
2. Legal ................................. $ $
3. Accounting/financial...................... $ $
4. Marketing(land only)..................... $ $
5. Other professional fees................... $ $
Job training and retraining services............... $ $
Rehabilitation or renovation(existing buildings)..... $ 4,000.00 $
Public infrastructure improvements............... $ $
(Water,sewer,drainage,sidewalks,curb,etc.)
Utilities extension ............................ $ $
Interest Buy-Down:
Principal @ %per annum
for years=Estimated Interest Expense
X 30%........................ $ $
Miscellaneous/Other(please specify):
1. .......... $ $
2. .......... $ $
3. ...:...... $ $
TOTAL ESTIMATED ELIGIBLE COSTS.......... $4,000.00 $ 0.00
Additional Notes/Comments: Leased from Graham Hospital_Graham has approved construction plan and
will be providing the contractor.
(Please describe estimated eligible project costs for additional phases on separate sheet and attach)
3
13
PART IV. DECLARATIONS
Municipality
Pursuant to the TIF Act,the municipality has the authority to make and enter into all contracts with
property owners,developers,tenants,overlapping taxing bodies,and others necessary or incidental to the
implementation and furtherance of its redevelopment plan and project. Furthermore,the municipality may
incur project redevelopment costs and reimburse developers who incur redevelopment project costs
authorized by a redevelopment agreement; provided, however, that on and after the effective date of
the amendatory Act of the 91 st General Assembly,no municipality shall incur redevelopment project costs
(except for planning costs and any other eligible costs authorized by municipal ordinance or resolution that
are subsequently included in the redevelopment plan for the area and are incurred by the municipality after
the ordinance or resolution is adopted) that are not consistent with the program for accomplishing the
objectives of the redevelopment plan as Included In that plan and approved by the municipality until the
municipality has amended the redevelopment plan as provided elsewhere in the Act.
Jacob&Klein.Ltd.and The Economic Development Group,Ltd.
As special TIF attorneys and TIF consultants(respectively for municipalities),Jacob&Klein,Ltd.(J&K)and
the Economic Development Group,Ltd.(EDG)will rely on the information and assumptions contained in the
foregoing material to prepare financial projections relating to this project and the potential benefits of tax
increment financing. J&K and EDG will not undertake an independent investigation to verify any of the
information or material contained herein. No warranty,express or implied,as to the accuracy of the materials
and information contained herein or the results projected in any presentation is made by J&K or EDG,its .
officers or employees.J&K and EDG specifically disclaim the accuracy of the formulas and calculations used
to project potential TIF benefits and have no obligation to investigate or update,recalculate or revise the
calculations. The material presented by J&K and EDG based on information provided herein is subject to
risks,trends and uncertainties that could cause actual events to differ materially from those presented.Those
persons providing information contained in this Application for Reimbursement of TIF Eligible Project Costs
have represented to J&K and EDG that,as of the date it was provided,the information was accurate to the
best of their knowledge.Any person viewing,reviewing or utilizing financial projections or other presentations
based on the information contained in this Application should do so subject to all of the foregoing limitations
and shall conduct independent investigation to verify the assumptions and calculations presented by J&K and
EDG. By acceptance and use of any presentation created from the information contained herein,the user
accepts all of the foregoing limitations and releases J&K and EDG from any liability in connection therewith.
Private Developer
The Private Developer hereby asserts that this redevelopment project would not be economically feasible
without the use of tax increment financing.
The undersigned further certifies and warrants that to the best of his/her knowledge the information contained
in this Application for Reimbursement of Private(TIF)Eligible Redevelopment Project Costs is true,correct
and complete.
Pri ate(Developer Title Date
Plea.mail a signed copy if returning the application via email.
OFFICE USE ONLY.
Daie received lr;+
.o..,.al:
4
14
Estimated Costs for the Museum
Materials Cost
Drywall x 12 sheets $IS0.00
�o
c
3
Drywall mud(-I(.)gallons $44.00
Labor 53,000.10
i TOTAL $3,194.00
l
15
EXHIBIT 3
CITY OF CANTON,ILLINOIS
CANTON BUSINESS DEVELOPMENT DISTRICT (BDD)NO.1
PRIVATE PROJECT REQUEST FOR
VERIFICATION OF BDD ELIGIBLE PROJECT COSTS
by
CANTON AREA HERITAGE CENTER
(111 S. Main St.)
Date
Attention: City BDD Administrator, City of Canton,Illinois
Re: BDD Redevelopment Agreement,dated September 17,2024
by and between the City of Canton,Illinois,and Canton Area Heritage Center(the"Developer")
The City of Canton is hereby requested to disburse funds from the Canton BDD Special Tax
Allocation Fund pursuant to the Redevelopment Agreement described above in the following amount(s), to
the Developer and for the purposes) set forth in this Request for Reimbursement. The terms used in this
Request for Reimbursement shall have the meanings given to those terms in the Redevelopment Agreement.
1. REQUEST FOR REIMBURSEMENT NO.
❑ This is the final request for verification of BDD eligible project costs (Developer initials)
2. REIMBURSEMENT PAYABLE TO: Canton Area Heritage Center
3. AMOUNTS REQUESTED TO BE DISBURSED:
Description of BDD Eligible Project Cost Amount
Total
4. The amount requested to be disbursed pursuant to this Request for Reimbursement will be used to
reimburse the Developer for Redevelopment Project Costs for the Project detailed in Exhibit"I"of the
Redevelopment Agreement.
16
5. The undersigned certifies that:
(i) the amounts included in (3) above were made or incurred or financed and were necessary for the
Project and were made or incurred in accordance with the construction contracts, plans and
specifications heretofore in effect;and
(ii) the amounts paid or to be paid, as set forth in this Request for Reimbursement,represent a part of
the funds due and payable for BDD Eligible Project Costs;and
(iii) the expenditures for which amounts are requested represent proper Redevelopment Project Costs
as identified in the `Elmitation of Incentives to Developer" described in Section "C" of the
Redevelopment Agreement, have not been included in any previous Request for Reimbursement,
have been properly recorded on the Developers books and are set forth with invoices attached for
all sums for which reimbursement is requested,and proof of payment of the invoices;and
(iv) the amounts requested are not greater than those necessary to meet obligations due and payable or
to reimburse the Developer for its funds actually advanced for Redevelopment Project Costs;and
(v) the Developer is not in default under the Redevelopment Agreement, and nothing has occurred to
the knowledge of the Developer that would prevent the performance of its obligations under the
Redevelopment Agreement.
6. Attached to this Request for Reimbursement is Exhibit "1"of the Redevelopment Agreement, together
with copies of invoices,proof of payment of the invoices,and Mechanic's Lien Waivers relating to all items
for which reimbursement is being requested.
BY: (Developer)
TITLE:
APPROVED BY CITY OF CANTON,ILLINOIS
BY:
TITLE: DATE:
REVIEWED BY JACOB &KLEIN,LTD. &THE ECONOMIC DEVELOPMENT GROUP,LTD.
BY:
TITLE: DATE:
17