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HomeMy WebLinkAboutOrdinance #4439 - redevelopment agreement with the city of canton and oak hines funeral home/ steven hines CERTIFICATE THE UNDERSIGNED CERTIFIES THAT SHE IS THE CITY CLERK FOR THE CITY OF CANTON, ILLINOIS, AND THAT THE BOARD OF TRUSTEES AT A REGULARLY CONSTITUTED MEETING OF SAID BOARD OF TRUSTEES OF THE CITY OF CANTON ON THE 17TH DAY OF DECEMBER, 2024, ADOPTED ORDINANCE NO. 44395 A TRUE AND CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET. GIVEN UNDER MY HAND AND SEAL THIS 17'm DAY OF DECEMBER,2024. (SEAL) / P- ,YN DI WALTERS-SMITH TY CLERK CITY OF CANTON, ILLINOIS I ORDINANCE NO. 4 4 3 9 AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A CANTON 2- RT. 9 / CHESTNUT ST. TIF DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON,FULTON COUNTY,ILLINOIS and OAKS-HINES FUNERAL HOME,LTD. and STEVEN HINES PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, ON THE 17TH DAY OF DECEMBER, 2024. PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, THIS 171"4 DAY OF DECEMBER, 2024. EFFECTIVE: DECEMBER 17,2024 CITY OF CANTON, ILLINOIS: ORDINANCE NO. 4439 AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A CANTON 2- RT. 9 / CHESTNUT ST. TIF DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON and j OAKS-HINES FUNERAL HOME,LTD. and STEVEN HINES (1601 E. Chestnut St.) BE IT ORDAINED BY THE CITY OF CANTON, FULTON COUNTY, ILLINOIS THAT: 1. The Redevelopment Agreement with Oaks-Hines Funeral Home,Ltd.,and Steven Hines, 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 Redevelopment Agreement and the City Clerk of the City of Canton is hereby authorized and directed to attest such execution. 3. The Redevelopment Agreement shall be effective the date of its approval on the 17`' day of December,2024. 4. This Ordinance shall be in full force and effect from and after its passage and approval as required by law. (The remainder of this page is intentionally blank.) ll PASSED, APPROVED AND ADOPTED by the Corporate Authorities of the City of Canton, Fulton County, Illinois, on the 17' day of December, 2024, and deposited and filed in the Office of the City Clerk of said City on that date. J MAYOR&ALDERMEN AYE VOTE NAY VOTE ABSTAIN/ABSENT Angie Lingenfelter Andra Chamberlin i Patrick Ketcham Ralph Grimm Greg Gossett Justin Nelson John Lovell Angela Hale Kent A.McDowell,Mayor TOTAL VOTES 8 APPROVED: Date: f d _/(3/2024 Kent A. McDowell, or, City of Canton ATTEST: ! Date: 0�/_Lj/2024 di Walters-Smith, City Clerk, City of Canton ATTACHMENTS: EXHIBIT A. REDEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF CANTON AND OAKS-NINES FUNERAL HOME,LTD.AND STEVEN NINES(1601 E.Chestnut St.). iii CITY OF CANTON, ILLINOIS ORDINANCE NO. AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A CANTON 2- RT. 9 / CHESTNUT ST.TIF DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON, FULTON COUNTY, ILLINOIS and OAKS-HINES FUNERAL HOME, LTD. and STEVEN HINES PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY, ILLINOIS, ON THE 17TH DAY OF DECEMBER, 2024. PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, THIS 17TH DAY OF DECEMBER,2024. EFFECTIVE: DECEMBER 17,2024 CITY OF CANTON, ILLINOIS: ORDINANCE NO. AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A CANTON 2- RT. 9 / CHESTNUT ST.TIF DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON and OAKS-HINES FUNERAL HOME, LTD. and STEVEN HINES (1601 E. Chestnut St.) BE IT ORDAINED BY THE CITY OF CANTON, FULTON COUNTY, ILLINOIS THAT: 1. The Redevelopment Agreement with Oaks-Hines Funeral Home, Ltd., and Steven Hines, 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 Redevelopment Agreement and the City Clerk of the City of Canton is hereby authorized and directed to attest such execution. 3. The Redevelopment Agreement shall be effective the date of its approval on the 17`h day of December,2024. 4. This Ordinance shall be in full force and effect from and after its passage and approval as required by law. (I be remainder of this page is intentionally blank.) ii PASSED, APPROVED AND ADOPTED by the Corporate Authorities of the City of Canton, Fulton County, Illinois, on the 17`h day of December, 2024, and deposited and filed in the Office of the City Clerk of said City on that date. MAYOR&ALDERMEN AYE VOTE NAY VOTE ABSTAIN/ABSENT Angie Lingenfelter Andra Chamberlin Patrick Ketcham Ralph Grimm Greg Gossett Justin Nelson John Lovell Angela Hale Kent A.McDowell,Mayor TOTAL VOTES APPROVED: Date: / /2024 Kent A. McDowell,Mayor, City of Canton ATTEST: Date: / /2024 Andi Walters-Smith, City Clerk, City of Canton ATTACHMENTS: EXHIBIT A. REDEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF CANTON AND OAKS-HINES FUNERAL HOME,LTD.AND STEVEN HINES(1601 E.Chestnut St.). iii EXHIBIT A CANTON 2- RT. 9 / CHESTNUT ST.TIF DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON and OAKS-HINES FUNERAL HOME, LTD. I and STEVEN HINES i (1601 E. Chestnut St.) iv CANTON 2 - RT. 9 / CHESTNUT ST. TIF DISTRICT REDEVELOPMENT AGREEMENT by and between CITY OF CANTON, FULTON COUNTY, ILLINOIS and OAKS-HINES FUNERAL HOME, LTD. and STEVEN HINES (1601 E. Chestnut St.) DECEMBER 17, 2024 CANTON 2- RT. 9 / CHESTNUT ST.TIF DISTRICT REDEVELOPMENT AGREEMENT by and between CITY OF CANTON and OAKS-HINES FUNERAL HOME, LTD. and STEVEN HINES (1601 E, Chestnut St.) THIS TIF REDEVELOPMENT AGREEMENT (including Exhibits) is entered into this 17`h day of December, 2024, by the City of Canton (the "City"), an Illinois Municipal Corporation, Fulton County, Illinois, and Oaks-Hines Funeral Home, Ltd., an Illinois Corporation and Steven Hines, individually (collectively the "Developer"). Hereinafter the City and the Developer, for convenience, may collectively be referred to as the"Parties." PREAMBLE WHEREAS, the City has the authority to promote the health, safety,and welfare of the City and its citizens and to prevent the spread of blight and deterioration and inadequate public facilities by promoting the development of private property thereby increasing the tax base of the City and providing employment for its citizens;and WHEREAS, pursuant to 65 ILCS 5/8-1-2.5, a municipality may appropriate and expend funds for economic development purposes, including without limitation for commercial enterprises that are deemed necessary or desirable for the promotion of economic development within the community; and WHEREAS, pursuant to the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11- 74.4.4 et seq., as amended (the "Act"), the City has the authority to provide incentives to owners or prospective owners of real property to develop, redevelop, and rehabilitate such property by reimbursing the owners for certain costs from resulting increases in real estate tax revenues;and WHEREAS,on February 6,2021,recognizing the need to foster the development,expansion and revitalization of certain properties which are vacant, underutilized, or undeveloped, the City adopted Tax Increment Financing under the TIF Act, approved a Redevelopment Plan, and designated a Redevelopment Area known as the "Canton 2—Rt. 9/Chestnut Street TIF District" and hereinafter referred to as the"TIF District"); and WHEREAS, pursuant to the Act, on March 19, 2013, the City approved the First Amendment to the Canton 2-Rt. 9/Chestnut St.TIF District Redevelopment Project Area,Plan and Projects; and WHEREAS, pursuant to the Act, on August 16, 2016, the City approved the Second Amendment to the Canton 2-Rt. 9/Chestnut St.TIF District Redevelopment Project Area,Plan and Projects; and WHEREAS,pursuant to the Act,on April 5,2017,the City approved the Third Amendment to the Canton 2-Rt. 9/Chestnut St.TIF District Redevelopment Project Area,Plan and Projects;and 2 WHEREAS,a property owned by the Developer is located at 1601 E. Chestnut St.,Canton, Illinois, (PIN 09-08-25-301-005 and hereinafter referred to as the "Property") and is within the TIF District Redevelopment Project Area, as amended; and WHEREAS, the Developer is proceeding with plans to repair exterior facade, roofing and HVAC units in the building located on the Property, all requiring a total estimated investment of $144,818 (the "Project"), and the Developer is doing so based upon incentives made available by the City;and WHEREAS, it is the intent of the City to encourage economic development which will increase the real estate tax base of the City,which increased incremental taxes will be used,in part, to finance incentives to assist development within the TIF District; and WHEREAS, the Developer's proposed Project is consistent with the TIF District Redevelopment Plan and Projects for the Redevelopment Project Area and shall further conform to the land uses of the City as adopted;and WHEREAS,pursuant to Section 5/11-74.4-4(b) of the Act,the City may make and enter into all contracts with property owners, developers, tenants, overlapping tasting bodies, and others necessary or incidental to the implementation and furtherance of the Redevelopment Plan; and WHEREAS, pursuant to Section 5/11-74.4-40) of the Act, the City may incur project redevelopment costs and reimburse developers who incur redevelopment project costs authorized by a redevelopment agreement and further defined in Section 5/11-74.4-3(q) of the Act,including those Estimated TIF Eligible Project Costs as herein listed in the attached Exhibit "I" of this Redevelopment Agreement;and WHEREAS, the Developer requested that incentives for the development be provided by the City from incremental increases in real estate taxes of the City generated from its Project and the City agreed to such incentives;and WHEREAS,the City has determined that this Project requires the incentives requested as set forth herein and that said Project will, as a part of the Plan,promote the health, safety and welfare of . the City and its citizens by attracting private investment to prevent blight and deterioration and to generally enhance the economy of the City;and WHEREAS, the City has reviewed the conditions of the Property and has reason to believe that the costs of the necessary public and private improvements to be incurred by the Developer in furtherance of the Project are eligible project costs under the Act and are consistent with the Redevelopment Plan of the City; and WHEREAS, the Parties have agreed that upon the timely completion of the Project and verification of TIF eligible costs incurred by the Developer for the Project pursuant to Section `E" below,the City shall reimburse the Developer an amount not to exceed Twenty-Five Percent(25%) of total.costs incurred for the Project, or Thirty-Six Thousand Two Hundred Five and 00/100 Dollars ($36,205.00),whichever is less; and 3 WHEREAS,in no event shall cumulative maximum reimbursements for the Developer's TIF Eligible Project Costs under this Agreement exceed of Thirty-Six Thousand Two Hundred Five and 00/100 Dollars ($36,205.00); and WHEREAS, in consideration of the execution of this Agreement, the Developer is completing the Project as set forth in Exhibit "I'; and WHEREAS, the City is entering into this Agreement having encouraged and induced the Developer to proceed with the Project located on said Property. AGREEMENTS NOW,THEREFORE,the Parties,for good and valuable consideration,the receipt of which is acknowledged, 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. 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 shall remain in compliance with all municipal ordinances relating to property development,property condition,zoning, subdivision and building codes. Failure to cure the violation of any such ordinance within thirty (30) days upon being provided written notice of the same by the City shall be cause for the City to declare the Developer in Default and unilaterally terminate this Agreement, except where such failure is not reasonably susceptible to cure within such 30-day period,in which case the Developer shall have such additional time to cure as is reasonably necessary, provided that the Developer has commenced such cure within such 30-day period and continues to diligently prosecute the same to completion. 4. The Developer shall complete the Project by April 30,2025, subject to extension due to Force Majeure(defined below in Section "M). The Project shall be deemed to be complete when the exterior roof and HVAC improvements have been completed as described in Exhibit"1". 5. All reimbursements of tax increment financing funds payable by the City for Developer's verified TIF eligible project costs shall be paid to Oaks-Hines Funeral Home, Ltd., unless otherwise directed in writing by the Developer. 6. Each of the Parties represents that it has taken all actions necessary to authorize its representatives to execute this Agreement. B. ADOPTION OF TAX INCREMENT FINANCING The City has created a Tax Increment Financing District known as "Canton TIF District 2" which includes the Developer's Property. The City has approved certain Redevelopment Project Costs,including the types described in Exhibit"I"for the Developer's Project which shall be known as the "Oaks-Hines Funeral Home, Ltd. Project." 4 C. INCENTIVES In consideration for the Developer purchasing the Property and completing the Project as set forth herein, 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 TIF eligible costs incurred by the Developer for the Project pursuant to Section "E"below, the City shall reimburse the Developer an amount (the "reimbursement amount") not to exceed Twenty-Five Percent (25%) of total costs incurred for the Project, or Thirty-Six Thousand Two Hundred Five and 00/100 Dollars ($36,205.00),whichever is less. a. Reimbursement of real estate tax increment to the Developer by the City as described in this Section "C" shall be paid from the "Oaks-Hines Funeral Home, Ltd. Project Account" within the TIF District Special Tax Allocation Fund and conditioned upon the Developer providing information pursuant to Section "E"and Section "F"below. b. This Agreement may be amended at any time,if approved in writing by the Parties. D. LIMITATION OF INCENTIVES TO DEVELOPER 1. The Developer shall be reimbursed by the City for all Eligible Project Costs permitted by the Act(subject to a limitation of$36,205.00) from the real estate tax increment generated by this Project located on the Property and deposited into the Special Account,but only for the term of the Agreement and only from the Property included in this Project and currently owned by the Developer at that location. The parties may add additional phases and eligible project in excess of the amount authorized by this Agreement upon mutual agreement. 2. It is not contemplated nor is the City obligated to use any of its proportionate share of the monies for any of the Developer's Eligible Project Costs but,rather,the City shall use its sums for any purpose under the Act as it may in its sole discretion determine. 3. The Developer agrees to substantially complete the project,subject to Force Majeure,as defined below. E. PAYMENT OF ELIGIBLE PROJECT COSTS 1. To receive the incentives set forth in Section "C" above, the Developer must submit documentation using the Request for Verification of Eligible Project Costs form attached hereto as Exhibit "2"to provide evidence of all TIF 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. 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. 5 2. All Requisitions must be accompanied by verified bills or statements of suppliers,contractors, or professionals together with mechanic's lien waivers (whether partial or full) from each of the parties entitled to a payment that is the subject of the Requisition as required by the City. 3. For the Developer to receive reimbursement of Eligible Project Costs as described in Section "C"for costs it has incurred in any year as set forth in Pamgraphs "I"and"2" above, the Developer must submit such proposed eligible costs to the City by March 1 of the following year. If there are no accumulated outstanding costs previously submitted and approved by the City and if the Developer does not submit such proposed eligible costs by this deadline, the Developer will forfeit reimbursement of such costs from the prior year's real estate tax increment to be paid in the current year.Any approved eligible costs submitted after this deadline will be eligible for reimbursement from the next year's real estate increment receipts. 4. Any real estate increment not required to be paid to the Developer under the terms of Paragtaph "3"above shall be available to the City for any purpose set forth in the TIF Plan and allowed by the Act. 5. The Developer shall use such sums as reimbursement for Eligible Project Costs only to the extent permitted by law and the Act and may allocate such funds for any purpose for the terms of this Agreement or the term of the TIF District whichever is longer. 6. The Administrator shall approve or disapprove a Requisition by written receipt to the Developer within thirty (30) business days after receipt of the Requisition. Approval of the Requisition will not be unreasonably withheld. If a Requisition is disapproved by the Administrator,the reasons for disallowance will be set forth in writing and the Developer may resubmit the Requisition with such additional information as may be required and the same procedures set forth herein shall apply to such re-submittals. 7. All TIF Eligible Project Costs approved shall then be paid by the City from the Special Account to the Developer, or to others as directed by the Developer, pursuant to the Redevelopment Plan and as allowed by Illinois Law. The City shall pay such approved eligible Costs annually, provided the Developer has satisfied the terms of this Agreement and costs which exceed the amount available to pay the Developer shall carry forward, until paid, without further action of the Developer. Payment shall be made within forty-five (45) days after approval subject to the terms if this Agreement and after receipt of the increment generated by the Developer's Redevelopment Project from the County. 8. The Parties acknowledge that the determination of Eligible Project Costs, and, therefore, qualification for reimbursement hereunder are subject to changes or interpretation made by amendments to the Act, administrative rules or judicial interpretation during the term of this Agreement.The City has no obligation to the Developer to attempt to modify those decisions but will assist the Developer in every respect as to obtaining approval of Eligible Project Costs. 9. The Developer may submit for prior approval by the City as TIF Eligible Project Costs under the Act estimates of costs before they are incurred subject to later confirmation by actual bills. 6 F. ANNUAL VERIFICATION OF TAX INCREMENT AND JOBS CREATED 1. It shall be the sole responsibility of the Developer, or its designee, to annually provide to the City,as requested in writing,copies of all PAID real estate tax bills for the Property. 2. The annual reimbursement of real estate tax increment by the City to the Developer as set forth in Section "C"above shall be conditioned upon the Developer providing the City with the numbers of jobs added or maintained by the Project,if any,for a particular year if requested to do so by the City for that year. 3. The failure of Developer to provide any information required herein after written notice from the City, and the continued failure to provide such information within (30) days after such notice, shall be considered a 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 foregoing information. G. LIMITED OBLIGATION The City's obligation hereunder to pay the Developer for Eligible Project Costs is a limited obligation to be paid solely from the Special Account. 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 or require the City to utilize its taxing authority to fulfill the terms of this Agreement. I. CITY PUBLIC PROJECTS The City intends to use part or all of its share of the Project's real estate increment for other public projects within the TIF District or within contiguous TIF Districts as allowed by law.The City shall be eligible for reimbursement of the cost of doing so, as well as other eligible costs incurred by the City in the TIF District. J. 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 direct payments to any other contractor, subcontractor, mechanic, or materialman providing services or materials to the Developer for the Developer's Project. K. COOPERATION OF THE PARTIES 1. The City and the Developer agree to cooperate fully with each other when requested to do so concerning the development of the Developer's Redevelopment Project. This includes without limitation the City assisting or sponsoring the Developer, or agreeing to jointly apply with the Developer, for any grant,award,subsidy or additional funding which may be available from other governmental sources as the result of the Developer's or City's activities. This also includes without limitation the Developer assisting or sponsoring the City, or agreeing to jointly apply with the City, for any grant,award,or subsidy which may be available as the result of the City's or the Developer's activities. 7 2. The Parties agree to take such actions,including the execution and delivery of such documents, instruments, petitions, and certifications (and, in the City's case, the adoption of such ordinances and resolutions), as may be necessary or appropriate, from time to time, to carry out the terms, provisions, and intent of this Agreement and to aid and assist each other in carrying out said terms,provisions,and intent. 3. The Parties shall cooperate fully with each other in seeking from any or all appropriate governmental bodies all approvals (whether federal, state, county or local) required or useful for the construction or improvement of property and facilities in and on the Property or for the provision of services to the Property, including, without limitation, wetland mitigation, gas, telephone, and electric utility services, roads, highways, rights-of-way,water and sanitary sewage facilities, and storm water disposal facilities. L. DEFAULT; CURE; REMEDIES In the event of a default under this Redevelopment 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 Party"), may have an action for damages, or, in the event damages would not fairly compensate the Non-defaulting Parties for the Defaulting Party's breach of this Redevelopment 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 real estate tax increment payable to the Developer 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 Redevelopment Agreement,it shall not be deemed to be in default under this Redevelopment 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 nonmonetary covenant as and when it is required to under this Redevelopment 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 nonmonetary 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. M. TIME; FORCE MAJEURE For this Agreement, time is of the essence. The Developer agrees to complete the Project by April 30, 2025. Failure to do so shall be cause for the City to declare the Developer in default and unilaterally terminate this Agreement. 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 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 power, restrictive governmental laws and regulations,condemnation,riots,insurrections,war, fuel shortages,accidents,casualties,Acts of God, acts caused directly or indirectly by the City (or the City's agents, employees or invitees) when applicable to Developer or third parties, or any other cause beyond the reasonable control of Developer or the City. 8 N. ASSIGNMENT The rights (including, but not limited to, the right to payments contemplated by Section "C"of this Agreement) and obligations (or either of them) of the Developer under this Agreement shall not be assignable. O. 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. P. 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. Q. 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 Oaks-Hines Funeral Home,Ltd. `/o City Clerk `/o Steven Hines,President 2 N.Main St. 1601 E. Chestnut St. Canton,IL 61520 Canton,IL 61520 Ph: (309) 647-0020 Ph: (309) 647-1601 Fax: ((309) 647-2348 With Copy to City TIFAdministrator: Steven Hines Jacob&Klein,Ltd.and 1355 E Myrtle St. The Economic Development Group,Ltd. Canton,IL 61520 1701 Clearwater Avenue Ph: (309) 647-1601 Bloomington,Illinois 61704 Ph: (309) 664-7777 With copy to: Fax: (309) 664-7878 9 R. SUCCESSORS IN INTEREST Subject to the provisions of Section `2V"above, this Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and assigns. S. 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. T. 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. U. 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. V. TERM OF THE AGREEMENT Notwithstanding anything contained herein to the contrary, this Agreement shall expire on the date that is five (5) years from the date the Developer receives the reimbursement set forth in Section "C"herein. W. ILLINOIS PREVAILING WAGE ACT It is the understanding of the Parties that the position of the Illinois Department of Labor is that the Illinois Prevailing Wage Act does not apply to Real Estate Tax Increment Reimbursements received by private developers as reimbursement for private redevelopment project costs. This position of the Department of Labor is stated as an answer to a FAQ on its website at htWs://Iabor.ilhnois.gov/. 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 of City. Failure to comply with any of these requirements may cause all benefits hereunder to be terminated by the City. 10 X. 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. 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. 3. 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. 4. 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 OAKS-HI ES FUNE HOME, LTD., Municip Corporation an Illinoi o o a . n BY: BY: yor Steven Hines, anager Date: ItnhiqL- Date: ATTEST BY: STEVE ,mdiv BY: BY: Stev nes ity Clerk /��-�s Date: Date: / Attachments: Exhibit 1. Summary of TIF Eligible Project Costs. Exhibit 2. Request for Verification of Eligible Project Costs. 11 EXHIBIT 1 SUMMARY OF ESTIMATED TIF ELIGIBLE PROJECT COSTS Oaks-Hines Funeral Home, Ltd. and Steven Hines 1601 E. Chestnut St. Canton TIF District 1, Canton,Illinois Project Description: repair exterior fagade, roofing and HVAC units in the building located on the Property, all requiring a total estimated investment of$144,818. Property: PIN 09-08-25-301-005 (SECT: 25 TWP: 07 RANGE: 04 °"`09�2u0'-00' f O PLI w-0&21301506 PTW1 2 NWSWBGSWCORTH N AK.me:e:, z5 D 428 E200 S437.1 W200.2) I b,e d a ege 1.80 v15 Accege I.% CG:avc:JTS oN N D.00 ::�.ame CANTON .coee 9C9D ):t eea•m IMI EC STNWST itt o coca CANTONILat520 grot, nc 1.a6 }e�•:dea•, t.a6 •m nv., 040 ... I ZDoatm ii � I • 1 1 1 Developer's Estimated TIF Eligible Project Costs: Exterior and interior rehab, repair or replacement of facade,HVAC, and roofing .................$144,818 TOTAL ESTIMATED TIF ELIGIBLE PROJECT COSTS'............................$144,818 1 NOTE: The total, cumulative reimbursement of TIF real estate tax increment for TIF Eligible Project Costs payable by the City to the Developer shall not exceed 25%of total estimated TIF eligible project costs incurred by the Developer, or$36,205.00,whichever is less,as set forth in this Redevelopment Agreement. 12 ***NOTE: Developer submitted request for assistance as a Business Development District Project. The Property is also located within Canton TIF District 2, and the City is choosing to use TIF funds in lieu of BDD funds as the funding source for this redevelopment agreement. FU AL HOME & CREMATORY To:City of Canton I am sending an application for the BDD to request assistance in the building and grounds improvements Needed at Oaks-Hines Funeral Home In Canton. We have been here over 50 years and its time for a major Investment to keep our facility in shape. The scope of our undertaking will involve complete heating and cooling,total roof replacement and the front facade is being repaired and replaced. We actually found overhang still damaged from the 70's tornado, It's just cosmetic but needs replaced. We have also removed the old fountain and abandoned plumbing located in the front yard. Please contact me with questions or if I am missing anything. 1 was not sure if this is the right direction or if I Should be applying for the TIF funds. Please let me know. Thank you for your consi ration Steve Hines Oaks-Hines Funeral Home 1601 E.Chestnut Canton,IL61520 309-647-1601 1601 East Chestnut Street,Canton,IL 61520 702 West Main Street,Elmwood,IL 61529 13 City of Canton,Illinois Canton Business Development District(BDD)No.1(atabkkd•3/15/2022) City of Canton,Illinois/2 N.Main St.,Canton,IL 61520 Ph:(309)647-0065 APPLICATION FOR REIMBURSEMENT OF PR//I��V��ATE'BIDD ELIGIBLE REDEVELOPMENT PROJECT COSTS Applicant Name: Qeye N� 1hps�Jr Oaks Nl/n�e4 Fyne'ra-1 i 6rn�. Applicant Mailing Address: )WI ' CIS l Gi,..' 41�4-6 Applicant Daytime Phone:; L- -(97-1601 �+ .Applicant Emaill Address:Cza kA j nP�6Y'20!c 0a 1 Subject Propert)*s Site Address:�.6���; C.�@ri�/fl ( (]v�Tay. 45Z6 Subject Property's Fulton County Property Tax ID# 0.1—O 9-2 S 3e71-JJ Property Owner Name(s)if different than Applicant-. Type of Property(check all that apply): Commercial/Retail; ❑Professional Office; ❑ Industrial; ❑ Residential Anticipated Project Start Date: .. 1.��2SAy and Estimated Project Completion Date: Number of new jobs,if any,that will be created as a result of this Project Full-time Part-time New annual retail sales anticipated to occur,iiff any,as a result of the proposed improvements: $ y t`ktio'^•r. Total Projected Investment for Project:$-t�1 10)7 tP1gof which$ 1 � 4 is lan tat improvements. Estimated BDD Eligible Project Costs(attach detailed list and description,as well as bids,for can tracted work): 1. Professional fees(e.g.,engineering,architectural,legal,accounting,plans,marketing).....$ 2. Acquisition cost ofland and buildings purchased after 3/15/2022......................................$ 3. Site preparation(e.g_,demolition,excavation,leveling/grading of land)..............................3 4. Exterior rehab,repair,remodeling,reconstruction of existing buildings....................... t� S. In "or rehab,repair,remodeling,reconstruction of vacant,underutilized space............51 6. Construction of new building...................................................................................................... 7. Construction or repair of private parking lot and/or driveway..............................................$ 8. Construction or repair of public infrastructure.........................................................................$ -- TOTAL ESTIMATED BDD ELIGIBLE PROJECT COSTS:—,,................ �`f�17�7� $� FOR CITY USE: Sighed application received by the City of Canton on date_/_/ by City Finance Committee Recommendation: ❑Approved for Amount:S on date: Notes/instructions; (attach more detail as needed) ❑ Denied for reason: (attach mair detail as needed) BDD Application forwarded to City's BDD Administrator on date: Date of Approved Redevelopment Agreement_/_/ Verified BDD Eligible Project Costs: $ Amount reimbursed by City to Applicant•.S by Check No. on dare: 14 5_ The City of Canton reserves the right to accept BDD Applications from those Applicants who undertake projects the City deems to be compliant with the Act and for projects that the City believes will further stimulate the type of redevelopment that is consistent with the Canton Business Development District No. 1 Redevelopment Plan,and Projects. The Canton City Council shall exercise its authority pursuant to the Act to reimburse private redevelopment project costs in such amounts that are deemed to be in the best interests of the citizens of the City of Canton. 6. Applicants must in advance of receiving BDD funds:a)verify that the most recent real estate tax bill(s) have been paid for the Property;and b)verify BDD eligible project costs in an amount equal to or greater than the amount approved by the City Council. BDD Funds are paid by the City of Canton to Applicants: a. with whom the City Council has approved a written redevelopment agreement by City Ordinance; b. upon completion of the Project and terns of the redevelopment agreement;and G following the verification of BDD eligible project costs that have been incurred by the Applicant— no exceptions. The City's obligation hereunder to pay BDD funds for eligible project costs is a limited obligation to be paid solely from the Canton BDD No. 1 Special Tax Allocation Fund,unless otherwise specified in the redevelopment agreement 7. It is the understanding of the City and the Applicant that the position of the Illinois Department of Labor is that the Illinois Prevailing Wage Act does not currently apply to sales tax incentives,such as BDD Funds, that are received by private Developers as reimbursement for BDD Eligible Project Costs.This position of the Department of Labor is available online at httns://www2.illinois.gov/idol/FAOs/Pages/prcvailing- wagY-faq.asTx#qs 1 Any project costs incurred by the Developer within a public tight-of-way or for which the improvements are intended to be dedicated to the City ate subject to the Prevailing Wage Act. S. All Applications are subject to review by the City Finance Committee prior to City Council approval. The undersigned certifies and warrants that to the best of his/her knowledge the information contained in and attached to this Application Form is true,correct,and complete and furthermore agrees to the terms and conditions provided herein. Nothing contained in this BDD Application shall be construed by the City or the Applicant or any third person to create the relationship of a partnership,agency,or joint venture between the City and the Applicant. Applicant Signature: ;OL- Date: 1- / /g/ 2 "Applicant is the Owner of Subject Property ❑ Applicant is Tenant of Subject Property for which AppendixA has been completed and attached hereto. -3- 15 G-M MECHANICAL OF CANTON,INC PLUMBING HEATING AIR CONDITIONING 57 EAST SPRUCE EMAIL ennacrh VVLinali.en m Phone(309)647-5700 CANTON,IL 61520 FAX(309)647-0129 September 3,2024 Oaks Hines Funeral Home 1601 E Chestnut Street Canton,I161520 Phone:3 09-647-1601 EmailC40 � Email:oakshinesthzi<N•ahoo.con, RE:INSTALL HVAC 1.Customer has three blower cabinets in the attic and three 5 ton condensing units set out on the north side of the building.We will remove the blower cabinets.This consists of the roofers opening a hole in the roof and we will remove the three blower cabinets through the hole in the roof.This price includes the installation of new ML14XC 1 5 ton 14 seer condensing unit and a CBA 5 ton blower cabinet.This price includes removal of a blower cabinet,dropping in of a new blower cabinet,hooking back up to supply and return air plenum,it need to be insulated.At the salve time we will put in a new condensate pump and pipe it back up.We will also run a new lineset across the attic and put in a new dryer to go to the new 5 ton condensing unit. Total Material and Labor-$14,920.00 for one Total for all three-$44,760.00 2.In the closet in the back part of the room there is an existing furnace that heats the chapel.The condensers and blower cabinets only cool.We will remove the existing furnace and installing a Lennox ML196 90,000 btu 96%efficient furnace.This price includes flue to be run up through the center of the existing one with a cap on the roof. Total Material and Labor-$5,180.00 fb eve'Joachirn President ss 50%rteposit required upon installation aleclumiced is hegilij%t0 onnomrce thca im cure gjjeringfincnac•ing to those customers whoo-qucdiAt .411 frncurcing-is 1hrwrgh Service lirmnce Comp(rn)",cr partner-W11/1 Lennox. Ifyou wish lo discuss j�lecrse conluci 0117•q&e 10 set up a77 cgrpointment with Shaw? 16 Holthaus Companies Inc. Roofing Contractors Proposal TO: PHONE DATE (_n9167x-6a2? 813012024 Oaks Runes Funeral Home JOB NAME I LOCATION ' 1601 E.Chestnut St. Roof covering replacement on structure located at 1601 E. Canton,1L 61520 Chestnut St.Canton,IL.Will work in cogiunction with the HVAC•contractor on rcirtlacernent of the units in the attic.. (IH NUMHER: JOB PHONE; 24266 Same We hcteby submit specification and estimates for material and lahnr ax f - - •Remove and dispose of existing asphalt ut tng and accessories on structure. • Inspect existing wood roof sheathing for;, ts.(See Note#1) • Install ice and Water Shield along all eaves,in all valleys,around all roof penetrations,and along all wall tie-ins; and synthetic undetlayment over remaining areas. I l •install new aluminum drip edge on eaves and rake edges.Color: Lyk I t¢, •install new shingle starter strip along eaves and rake edges. •install new Landmark Pro Class 3 laminated asphalt shingle.Color:AS C.1we-4c, Lul,-t rs Aer- •Remove and cover over power vents on roof. •install a new shingle over ridge vent to meet the exhaust ventilation requirements for the cubic footage of attic space. •Fabricate and install a new chimney flashing around existing masonry chimney. • install new flashing around all hoods and stacks on the roof. •Install new lead stack flashings on existing plumbing vent stacks. •Install a new Velux skylight on roof to replace the old Anderson skylight.(Anderson no longer produces skylights). •install new CertainTeed hip and ridge cap shingles.(Color to match new shingles) •Reinstall existing satellite dish?(HCInoot responsible for quality of satellite signal after reinstallation). initials:Yes or No > Note#1:Repair and/or replacement of deteriorated substrate materials are not included in this proposal. Note#2:Holthaus Companies,Inc.warrants the above stated workmanship for a period of 10 years. Note#3:A limited lifetime manufacturer's warranty,including a 40-year SureStart Plus 4-Star Warranty,will be issued by CertainTeed Roofing,Inc.,upon completion of the roofing work. We appreciate the opportunity to make this presentation.Thank You!! We Propose hereby to famish mamriat and labor—complc a in accordance with the above specifications,fur the cum of Sixty-nine thousand nine-hundred sixty-two dollars and.79/100. ---- ($69,962.7.9) Payment to be made as follows:Fifty percent orconuacr amount made payable at corittacl acceptance with the remaining balaaceduc upon completion of the work. Ill the evcnl the Customer rails to pay for the labor and materials,:vhan due.the Customer shall pay all costs and expenses of collection incurred by[lie Company.including without limitation icasonalblc aaameos'fees. - - All nuo;Aaannanl.a1eAa;il,rc, d .\n rank In br mmelnzJ maowkmanlirz nnw,n—j",;in o—l"d - r Aulho-,d� niJn.,and tall brcnu,.•an csna cha,ye a+n.+nJ+buve the es:::,I All yecurcnls.u,ningrnl u�nn aikee•+cc..lnn.of tiienalure Jrtay.bnena nur,mh„I rnh;,Ir„„ncnn e.,ry ma mnann.and nthn nr4;::nl�n„nan<r ou,nr„krn.n�twty ,;ca npw km—'a 0� An h.taousalaJe:-hllin a416„1 e,lnp-k� taig w.S ord Inc r Allnnp:rdbalan obr+mJllala,ManrtwbjenroaLS'.:nmmhlvlasehuSr. \nlr:rhispin o£. 'be vul nh It uiatrr trd'.clllltn 311 Acceptance of Proposal -Theahoveprices,specirteationsandcondition' are saiisrictmp and arc hereby arcepled 1'ou art authorized to do the uvirk a,specified. Signamle paymentwill be made as outlined above. Dale of Aceeplanre: 875 East Linn St.Canton,IL 61520 waa 0UR®'LA8T, Ph:(309)647-9209 Fax(309)647-9277 RanyeYial.i �"` ('CikR�++t'1 :,'°:r.'°ct 1:: www.holthausrooting.com 1L Roofing Licence M 104.007039 17 QUOTE CLIENT CONTRACTOR Oaks Hines funeral home MADE Construction -AND- (the"Contractor") Steve Hines �� (individually and collectively the' t") PROJECT OVERVIEW The Client is seeking services for the following:renovate exterior siding and soffit.This proposal outlines the Contractor's qualifications,services,and estimated costs for completing the proposed project. EXPERIENCE AND QUALIFICATIONS at MADE construction we pride ourselves in our craftsmanship and strive to satisfy every client's needs.We have a combined 60 years of experience in construction and renovation YOURINVESTMENT The Contractor proposes a fixed price of$24,915.00 to complete the work. A deposit of 33%is required to start work. TERMS The pricing in this proposal is valid for 30 days. All our workers are insured and bonded. MATERIALS AND EQUIPMENT contractor will provide materials and equipment for project. NEXT STEPS To discuss your project further and formalize this agreement,please reach out at: 18 .c MADE Construction • (309)224-4138 GO? • EWWG197144@GMAIL;COM cil 19 EXHIBIT 2 REQUEST FOR VERIFICATION OF ELIGIBLE PROJECT COSTS (See following pages.) 20 PRIVATE REDEVELOPMENT PROJECT REQUEST FOR VERIFICATION OF ELIGIBLE PROJECT COSTS Requisition No. Developer/Requestor name: Date submitted: / /20 Developer/Requestor current mailing address: Developer daytime phone: Email address: This request for verification of eligible project costs relate to a written Redevelopment Agreement approved on / /20_ by and between and (Municipality) (Developer) Project Name and Site Address: Property PIN(s)as found on most recent real estate tax bill: ❑ Applicable Tax Increment Financing(TIF)District Name: ❑ Applicable Business Development District(BDD)Name: This form is a request by the Developer to the Municipality for verification of eligible project costs which may be relied upon by the Municipality in advance of future disbursements of funds, if any are payable, from the Special Tax Allocation Fund(s) pursuant to the above referenced Redevelopment Agreement and applicable laws and statutes.The terms used herein shall have the same meanings as those terms in the Redevelopment Agreement. List of Project Costs Incurred Pursuant to the Redevelopment Agreement and Paid by the Developer for which Verification of Eligibility is Hereby Requested: Proof of Invoice(s) Payment Description Amount Paid Attached Attached' $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ Total Amount Requested for Verification of Eligible Costs: $ 1 Proof of payment may include: bills,statements,invoices and/or waivers of lien marked as paid,signed,and dated by suppliers,contractors,or professionals;processed/cancelled check or bank draft payments(i.e.,photocopies of both sides of check);or other proofs payment for costs as may be requested by the Municipality. This information is to be attached to this form and available for review when submitted. Page 1 of 2 The undersigned hereby certifies and swears under oath that the following statements are true and correct: 1. the items herein provided as the "List of Project Costs Incurred Pursuant to the Redevelopment Agreement and Paid by the Developer for which Verification of Eligibility is Hereby Requested"were incurred and/or financed by the Developer as deemed necessary and in furtherance of the Project, and such materials and or services for which said costs were incurred have been applied to the Project in accordance with applicable City Codes and requirements of the Redevelopment Agreement, including Exhibits and amendments,if any,attached thereto;and 2. the Project Costs for which amounts are herein requested for verification of eligibility represent proper redevelopment project costs as identified in the"Limitation of Incentives to Developer"described in the Redevelopment Agreement,are not duplicated from any previous Request for Verification of Eligible Project Costs,have been properly recorded on the Developers books,are set forth herein with invoices and proof of payment attached for all sums for which reimbursement is requested;and 3. the amounts requested and set forth herein are not greater than those necessary to meet obligations due and payable or to reimburse the Developer for its funds actually paid or advanced for such redevelopment project costs;and 4. the Developer is not in default per the terms of the Redevelopment Agreement,and nothing has occurred to the knowledge of the Developer that would prevent the performance or fulfillment of its obligations under the Redevelopment Agreement. The undersigned hereby certifies and warrants he/she is of legal age and that to the best of his/her knowledge the information contained in and attached to this Request for Verification of Eligible Project Costs is true,correct,and complete and furthermore agrees to the statements and representations provided herein. Any violation of this oath shall constitute a default of the Redevelopment Agreement and shall be cause for the City to unilaterally terminate the Redevelopment Agreement. BY: DATE: /....J20_ Developer/Requestor Signature Print Developer/Requestor Name: STATE OF ILLINOIS ) )Ss COUNTY OF ) I,the undersigned Notary Public,do hereby affirm that personally appeared before me on the day of 20 , and signed the above statement as a free and voluntary act and deed. Notary Public Date of Commission Expiry.' . /20 THIS SECTION FOR MUNICIPAL USE ❑ Request reviewed by TIF/BDD Administrator for the Municipality: _Date: /_/20_ (name and title) ❑ Request approved by authorized municipal official: Date: /____/20_ (name and title) ❑ Project reviewed/inspected by authorized municipal official: _Date: /____/20 (name and title) ❑ Project completed pursuant to Municipal Code Requirements. ❑ Project not completed pursuant to Municipal Code Requirements per attached report of authorized municipal official. Revised 10r23/2024 Page 2 of 2 QUOTE CLIENT CONTRACTOR Oaks Hines funeral home MADE Construction -AND- (the"Contractor") Steve Hines (individually and collectively '007-) PI t") PROJECT OVERVIEW The Client is seeking services for the following:renovate exterior siding and soffit.This proposal outlines the Contractors qualifications,services,and estimated costs for completing the proposed project. EXPERIENCE AND QUALIFICATIONS at MADE construction we pride ourselves in our craftsmanship and strive to satisfy every client's needs.We have a combined 60 years of experience in construction and renovation YOUR INVESTMENT The Contractor proposes a fixed price of$24,915.00 to complete the work. A deposit of 33%is required to start work. TERMS The pricing in this proposal is-valid for 30 days. All our workers are insured and bonded. MATERIALS AND EQUIPMENT contractor will provide materials and equipment for project. NEXT STEPS To discuss your project further and formalize this agreement,please reach out at: 18 .n MADE Construction • (309)224-4138 p00 , . • EWWG197144@GMAIL;COM 19 EXHIBIT 2 REQUEST FOR VERIFICATION OF ELIGIBLE PROJECT COSTS (See following page.) 20 PRIVATE REDEVELOPMENT PROJECT REQUEST FOR VERIFICATION OF ELIGIBLE PROJECT COSTS Requisition No. Developer/Requestor name: Date submitted: / /20_ Developer/Requestor current mailing address: Developer daytime phone: Email address: This request for verification of eligible project costs relate to a written Redevelopment Agreement approved on / /20 by and between and (Municipality) (Developer) Project Name and Site Address: Property PIN(s)as found on most recent real estate tax bill: ❑ Applicable Tax Increment Financing(TIF)District Name: ❑ Applicable Business Development District(BDD) Name: This form is a request by the Developer to the Municipality for verification of eligible project costs which may be relied upon by the Municipality in advance of future disbursements of funds, if any are payable, from the Special Tax Allocation Fund(s) pursuant to the above referenced Redevelopment Agreement and applicable laws and statutes.The terms used herein shall have the same meanings as those terms in the Redevelopment Agreement. List of Project Costs Incurred Pursuant to the Redevelopment Agreement and Paid by the Developer for which Verification of Eliciibilitv is Hereby Requested: Proof of Invoice(s) Payment Description Amount Paid Attached Attached' $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ $ ❑ ❑ Total Amount Requested for Verification of Eligible Costs: $ 'Proof of payment may include: bills,statements,invoices and/or waivers of lien marked as paid,signed,and dated by suppliers,contractors,or professionals;processed/cancelled check or bank draft payments(i.e.,photocopies of both sides of check);or other proofs payment for costs as may be requested by the Municipality. This information is to be attached to this form and available for review when submitted. Page 1 of 2 The undersigned hereby certifies and swears under oath that the following statements are true and correct: 1. the items herein provided as the "List of Project Costs Incurred Pursuant to the Redevelopment Agreement and Paid by the Developer for which Verification of Eligibility is Hereby Requested"were incurred and/or financed by the Developer as deemed necessary and in furtherance of the Project, and such materials and or services for which said costs were incurred have been applied to the Project in accordance with applicable City Codes and requirements of the Redevelopment Agreement,including Exhibits and amendments,if any,attached thereto;and 2. the Project Costs for which amounts are herein requested for verification of eligibility represent proper redevelopment project costs as identified in the"Limitation of Incentives to Developer"described in the Redevelopment Agreement, are not duplicated from any previous Request for Verification of Eligible Project Costs,have been properly recorded on the Developer's books,are set forth herein with invoices and proof of payment attached for all sums for which reimbursement is requested;and 3. the amounts requested and set forth herein are not greater than those necessary to meet obligations due and payable or to reimburse the Developer for its funds actually paid or advanced for such redevelopment project costs;and 4, the Developer is not in default per the terms of the Redevelopment Agreement,and nothing has occurred to the knowledge of the Developer that would prevent the performance or fulfillment of its obligations under the Redevelopment Agreement. The undersigned hereby certifies and warrants he/she is of legal age and that to the best of his/her knowledge the information contained in and attached to this Request for Verification of Eligible Project Costs is true,correct,and complete and furthermore agrees to the statements and representations provided herein. Any violation of this oath shall constitute a default of the Redevelopment Agreement and shall be cause for the City to unilaterally terminate the Redevelopment Agreement. BY: DATE: /....J20_ Developer/Reques for Signature Print Developer/Requestor Name: STATE OF ILLINOIS ) )Ss COUNTY OF ) 1,the undersigned Notary Public,do hereby affirm that personally appeared before me on the_day of 20 , and signed the above statement as a free and voluntary act and deed. Notary Public Date of Commission Expiry: , /20 THIS SECTION FOR MUNICIPAL USE ❑ Request reviewed by TIF/BDD Administrator for the Municipality: Date: (name and title) ❑ Request approved by authorized municipal official: Date: (name and title) ❑ Project reviewed/inspected by authorized municipal official: Date: /___/20_ (name and title) ❑ Project completed pursuant to Municipal Code Requirements. ❑ Project not completed pursuant to Municipal Code Requirements per attached report of authorized municipal official. Revised 10/2312024 Page 2 of 2