HomeMy WebLinkAboutOrdinance #4316 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 6n-1 DAY OF DECEMBER,2022 ADOPTED ORDINANCE NO. ,A TRUE AND
CORRECT COPY OF WHICH IS CONTAINED IN THIS PAMPHLET.
GIVEN UNDER MY HAND AND SEAL THIS DAY OF DECEMBER,2022.
(SEAL) l
NDI WALTERS
CITY CLERK
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ORDINANCE NO.
AN ORDINANCE APPROVING AN AGREEMENT TO AMEND A
REDEVELOPMENT AGREEMENT FOR THE FORMER INTERNATIONAL
HARVESTER SITE BETWEEN THE CITY OF CANTON,ILLINOIS AND COOK
CANTON INCORPORATED,DATED JUNE 5,2009,AND TO ESTABLISH THE CITY
OF CANTON'S REMEDIATION REIMBURSEMENT OBLIGATIONS TO COOK
CANTON INCORPORATED, COOK CANTON REAL ESTATE,LLC,AND/OR
OTHER COOK ENTITIES FOR THE FORMER INTERNATIONAL HARVESTER
SITE
WHEREAS, the Mayor and City Council of the City of Canton, Fulton County, Illinois, an
Illinois municipality(the"City"),have determined that amending the TIF Redevelopment Agreement
for the Former International Harvester Site between the City of Canton, Illinois and Cook Canton
Incorporated, dated June 5, 2009, and establishing the City of Canton's remediation reimbursement
obligations to Cook Canton Incorporated,Cook Canton Real Estate,LLC,and/or other Cook entities
for the former International Harvester.Site is in the best interest of the citizens of the City of Canton.
THEREFORE,be it ordained by the Mayor and City Council of Canton,Illinois,in the County
of Fulton, as follows:
1. The Mayor is hereby authorized and directed to enter into and execute on behalf of the City
a Reimbursement Agreement (or other similar agreement) to amend the TIF
Redevelopment Agreement for the Former International Harvester Site between the City of
Canton, Illinois and Cook Canton Incorporated, dated June 5, 2009, and to establish the
City of Canton's remediation reimbursement obligations to Cook Canton Incorporated,
Cook Canton Real Estate, LLC, and/or other Cook entities (collectively "Cook") for the
former International Harvester Site.
2. The City's obligations to Cook in relation to the reimbursement of remediation expenses
related to the installation of engineered barriers shall not exceed $831,050.00 pursuant to
the terms of the Reimbursement Agreement.
3. The City Clerk of the City of Canton is hereby authorized and directed to attest such
execution by the Mayor.
4. The City Attorney is authorized to review, draft, edit, or otherwise prepare the
Reimbursement Agreement prior to execution by the Mayor.
5. The Reimbursement Agreement shall be effective the date of its execution.
6. This Ordinance shall be in full force and effect from and after its passage and approval as
required by law.
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PASSED APPROVED AND ADOPTED by the Mayor and City Council of the City of
Canton this 6'day of December,2022.
CITY COUNCIL AYE VOTE NAY VOTE ABSTAIN ABSENT
Angie Lingenfelter X
Andra Chamberlin X
Jeff Fritz X
Ralph Grimm X
Greg Gossett X
Justin Nelson X
John Lovell X
Angela Hale X
TOTALS 8 0 0 0
APPROVED: Date: 12/06/ 2022
ayor, ity of Ca n
ATTEST: Date: 12/06/2022
ity Clerk,City of Canton
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