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Home My WebLink AboutOrdinance #4574 - Redevelopment Agreement with Cody and Emily Crumb 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 18T`-' DAY OF AUGUST, 2026, ADOPTED ORDINANCE NO. 4574, A TRUE AND CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET. GIVEN UNDER MY HAND AND SEAL THIS 18TH DAY OF AUGUST,2026. (SEAL) NDREA J. MITH-WALTERS ITY CLERK CITY OF CANTON, ILLINOIS ORDINANCE NO. 4 5 7 4 AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A FIRST AMENDMENT TO THE BUSINESS DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON, FULTON COUNTY, ILLINOIS and CODY AND EMILY CRUMB PASSED BY THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, ON THE 18""' DAY OF AUGUST,2026. PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE CITY COUNCIL OF THE CITY OF CANTON,FULTON COUNTY,ILLINOIS, THIS 18TH DAY OF AUGUST, 2026. EFFECTIVE: AUGUST 18, 2026 2 ORDINANCE NO. 4574 CITY OF CANTON, ILLINOIS AN ORDINANCE APPROVING AND AUTHORIZING THE EXECUTION OF A FIRST AMENDMENT TO THE BUSINESS DISTRICT REDEVELOPMENT AGREEMENT by and between THE CITY OF CANTON and CODY AND EMILY CRUMB WHEREAS, the Mayor and City Council of the City of Canton, Fulton County, Illinois (the "City"), have hereby determined that the First Amendment to the Business District Redevelopment Agreement by and between the City of Canton and CODY CRUMB AND EMILY CRUMB (collectively,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 First Amendment to 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 First Amendment to the Business District Redevelopment Agreement and the City Clerk of the City of Canton is hereby authorized and directed to attest such execution. 3. The First Amendment to the Business District Redevelopment Agreement shall be effective the date of its approval on the 18' day of August,2026. 4. This Ordinance shall be in full force and effect from and after its passage and approval as required by law. 3 PASSED APPROVED AND ADOPTED by the Mayor and City Council of the City of Canton this 18'h day of August, 2026. MAYOR&ALDERMEN AYE VOTE NAY VOTE ABSTAIN/ABSENT Dave Pickel Andra Chamberlin Patrick Ketcham Ralph Grimm Greg Gossett-Resigned Justin Nelson John Lovell Angela Hale Kent A.McDowell,Mayor TOTAL VOTES 8 APPROVED: 4/�A A" Q1 Date / �/2026 Ken A. McDowell,May , ity of Canton ATTEST: / Gfi Date: / D /2026 �nd.rea J. Smi -Walters,City Clerk, City of Canton ATTACHMENT: 1. EXHIBIT A. First Amendment to the Business District Redevelopment Agreement by and between the City of Canton and Cody and Emily Crumb. 4 EXHIBIT A CITY OF CANTON, ILLINOIS FIRST AMENDMENT TO THE BUSINESS DISTRICT REDEVELOPMENT AGREEMENT by and between CITY OF CANTON, ILLINOIS and CODY AND EMILY CRUMB AUGUST 18, 2026 5 1 CITY OF CANTON, ILLINOIS FIRST AMENDMENT TO THE BUSINESS DISTRICT REDEVELOPMENT AGREEMENT by and between CITY OF CANTON,ILLINOIS and CODY AND EMILY CRUMB THIS FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT (including Exhibits,hereinafter referred to as the"Agreement")is entered into this 18t'day of August, 2026,by the City of Canton (the "City',an Illinois Municipal Corporation,Fulton County,Illinois, and Cody and Emily Crumb (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 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 District No. 1 (the"Business District"or`BD'� 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, on March 3, 2026, the City approved the Second Amendment to the Business District by approving Ordinance No. 4531;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, on July 21, 2026, the Parties entered into a Redevelopment Agreement (the "Original Agreement") for property owned by the Developer located within the Business District at 1611 E. Chestnut Street,Canton,Illinois (PIN 09-08-25-301-006) (the"Property");and WHEREAS,based in part on incentives made available by the City,the Developer agreed to undertake to renovate and rehabilitate the building located on the Property in order to accommodate the expansion of the Illinois Department of Child and Family Services already located therein at a total estimated cost of approximately$708,000.00 (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 6 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. FIRST AMENDMENT NOW, THEREFORE, for good and valuable consideration, the receipt of which is acknowledged, the Parties agree to amend the terms of the Original Agreement as follows: A. AMENDED "B. INCENTIVES" Section B(1)(a)of the Original Agreement shall be deleted in its entirety and replaced with the following: a. Upon timely completion of the Project,verification of the Developer's BDD Eligible Project Costs pursuant to Section E below, and verification of at least 40 full-time equivalent employees for the businesses located on the Property, the City shall reimburse the Developer the sum of$29,845.42. Section B(2)(e)of the Original Agreement shall be deleted in its entirety and replaced with the following: e. The businesses located on the Property fail to employ a minimum of 40 full-time equivalent employees. B. PRIOR AGREEMENT TERMS APPLY All terms of the Original Agreement and any Exhibits thereto shall remain in effect and apply to this First Amendment unless specifically modified by this First Amendment. 7 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 First Amendment to the Redevelopment 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 CODY CRUMB Municipal Corporation BY: BY:— �44 -Cody b Mayor 6Z�Date• Date And ATTESTED BY: EMILY CRUMB BY:'rMw6 �WWO C Clerk I Emily b Date: Date: U `� 8