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HomeMy WebLinkAboutResolution #4048 - amending a cooperation agreement with fulton county , . � 4Ci�'981 ° JAMES I. NELSON t:OUNTY C:LERK � FtECOkTiEh` FULTDN C�fUNTY. IL RECC�FfDED ON Q�1/63/�014 I1 :56:4�A1i RE�: FEE: E�f�.OQ� PAGES: 4 Prepared by: The City of Canton Diana Pavley-Rock 2 North Main Street Canton II 61520 Return to: The City of Canton Diana Pavley-Rock 2 North Main Street Canton I161520 CERTIFICATE STATE OF ILLINOIS, ) CITY OF CANTON, ) SS. COUNTY OF FULTON.) I Diana Pavley-Rock, City Clerk of the City of Canton, in the County of Fulton and State of Illinois, do hereby certify that as the City Clerk of the City of Canton, I am the keeper of records, minutes, ordinances, and other books, record and papers of said City, and that the foregoing is a true and correct copy o£ Resolution #4048 A resolution amending a Cooperation Agreement between the City of Canton and the County of Fulton,Illinois Adopted by the City Council of said City and approved by the Mayor thereof on the 17tn day of December 2013. WITNESS my hand and the Corporate Seal of the City of ton, Illinois this 17th day of December 2013. :. , � `-� ' Diana P ley-Rock City Cl rk (SEAL) - RESOLUTION NO. 4048 A RESOLUTION AMENDING A "COOPERATION AGREEMENT" BETWEEN THE CITY OF CANTON AND THE COUNTY OF FULTON, ILLINOIS WHEREAS, the City of Canton and the County of Fulton have herefore determined to cooperate in supporting the Canton/Fulton County Enterprise Zone by the State of Illinois; and, WHEREAS, in furtherance of supporting and maintaining the economic benefits of the Canton/Fulton County Enterprise Zone to the City and to the County, it is necessary to maintain and extend the termination date of the Cooperation Agreement in accordance with Public Act 97- 905 (HB 1991), effective July 1, 2016 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CANTON, Fulton County, Illinois as follows: l. That the "Cooperation Agreement", Exhibit A hereto and herein incorporated by reference, is hereby approved by the Canton City Council. 2. That the Mayor and City Clerk are hereby authorized and directed to execute the same (at least in triplicate original) on behalf of the City of Canton. 3. That this Resolution shall be in full force and in effect immediately upon its passage by the City Council of the City of Canton, Fulton County, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 1'7�h day of December,2013, upon a roll call vote as follows: AYES: Aldermen Pasley, Lovell, Ellis, Justin Nelson, Pickel, Putrich, West NAYS: None ABSTAIN: Alderman Jim Nelson APPROVED: Jeffrey . Fi' yor ATTEST: � � �' iana Pavley-Roc , City Clerk EXHIBIT A "COOPERATION AGREEMENT" The County of Fulton, State of Illinois, agrees to support the efforts of the City of Canton, Illinois in maintaining and supporting the Canton/Fulton County Enterprise Zone designation from the Illinois Department of Commerce and Community Affairs, located in both the City and County. Both the City and the County agree to work cooperatively in supporting the economic development aspects of the Canton/Fulton County Enterprise Zone and cooperative provide specific incentives as designated in Exhibit B hereto and herein incorporated by reference. As the Chief Executives of our respective local governments, we are signing this agreement to cooperate as much as necessary to assist economic growth in the Enterprise Zone. The City of Canton is the lead agency for the Canton/Fulton County Enterprise Zone program. The City of Canton is liable for all program administrative functions and serves as the lead agency for applications to expand and/or extend the limits of the zone. ��� � � �� Jeffrey A. Fri ayor Robert Bucher, Board Chairman City anton - Fulton County Board ,: � �, , ' � I � �C ,, v�' ��- �: City Clerk i�st� County Ci�rx � �� � Date: � l�-1,3 Date: +: a'i`�- �'� SEAL SEAL EXHIBIT B SALES TAX DEDICATION Each retailer whose place of business is within the corporate limits of the County of Fulton and who makes a sale of building materials to be incorporated into real estate located in the Canton/Fulton County Enterprise Zone by remodeling, rehabilitation or new construction, may deduct receipts from such sales when calculating the tax imposed pursuant to the Municipal (or County) Retailers' Occupation Tax Act; provided, however, that such remodeling, rehabilitation or new construction is of the nature and scope for which a building permit is required and has been obtained. The incentive provided by this section shall commence the first day of the calendar month following the month in which the Enterprise Zone is designated and certified, and shall continue for the term of the Enterprise Zone. REAL PROPERTY TAXES The Fulton County Board authorizes and directs the County Clerk to abate ad valorem taxes imposed upon real property located within the Canton/Fulton County Enterprise Zone upon which new improvements have been constructed or upon which existing improvements have been renovated or rehabilitated subject to the following provisions: a. Such abatement shall apply only to real property presently or hereafter zoned business, commercial or industrial, or, to presently existing valid nonconforming uses of any of the aforesaid character as long as such nonconforming use shall continue to be used for business, commercial or industrial purposes, b. Such abatement shall be at the rate of: 100% of the increased assessment for a 5 year period beginning with the tax year in which the new increased assessment due to new construction, rehabilitation or renovation would be levied, and 50% of the increased assessment due to the new construction, rehabilitation or renovation for the succeeding 5 years, c. During the abatement period, the "pre-project" assessment amount for the land and existing improvements involved would continue to be paid annually in accordance with the annual multiplier and rate in effect for the tax year involved; d. Such abatement shall apply to projects the nature and scope of which require a permit, e. Any abatement of taxes on any parcel shall not exceed the amount attributable to the construction of the improvements and the renovation or rehabilitation of existing improvements on such parcel; and, f. Such abatement shall not be effective after the termination of the Enterprise Zone. g. That this abatement is not applicable by law in areas where the Canton/Fulton County Enterprise Zone is also designated as a TIF District.