02-166 Resolution No. 02-166
RESOLUTION
AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT WITH
TEAM TRANSPORT FOR THE
DEVELOPMENT OF 2410 GALVIN DRIVE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that Ed Schock, Mayor, and Dolonna Mecum, City Clerk,
be and are hereby authorized and directed to execute a
Development Agreement on behalf of the City of Elgin with Team
Transport for the expansion of its transportation business at the
property located at 2410 Galvin Drive, a copy of which is
attached hereto and made a part hereof by reference .
s/ Ed Schock
Ed Schock, Mayor
Presented: May 8, 2002
Adopted: May 8, 2002
Omnibus Vote : Yeas : 6 Nays : 0
Attest :
s/ Dolonna Mecum
Dolonna Mecum, City Clerk
DRAFT 1/24/02
DEVELOPMENT AGREEMENT
This Development Agreement is made and entered into this LOpday
of / , 2002, by and between the CITY OF ELGIN, an
Illinois unicipal corporation, (hereinafter referred to as the
"City") and TEAM TRANSPORT, an Illinois corporation (hereinafter
referred to as "Developer") .
WITNESSETH
WHEREAS, Developer intends to lease additional property located
in the Northwest Corporate Park consisting of approximately 250, 000
square feet, commonly known as 2410 Galvin Drive, Elgin, Kane County,
Illinois, and legally described on Exhibit A attached hereto (such
property is hereinafter referred to as the "Subject Property") ; and
WHEREAS, Developer intends to lease, occupy and utilize the
additional 250, 000 square feet of the Subject Property for the
expansion of its transportation business (hereinafter referred to as
the "Subject Development") ; and
WHEREAS, Developer, after consultations and negotiations with the
City concerning certain development assistance has determined to
proceed with the Subject Development of the Subject Property; and
WHEREAS, the Subject Development of the Subject Property is
currently estimated to represent a $1 .2 million investment in
improvements and is expected to result in the creation of fifty (50)
to one hundred (100) new full-time jobs in the City of Elgin by
December 31, 2002; and
WHEREAS, it is unlikely that the development of the Subject
Property will occur in the absence of limited economic assistance; and
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WHEREAS, the City providing development assistance to Developer
for the Subject Development will result in a substantial increase in
the City's tax base and provide new and additional employment
opportunities in the City of Elgin; and
WHEREAS, in order to provide for the continued development of the
City including the development of the Subject Property by the
Developer with its transportation facility expansion, the City has
agreed to provide certain development assistance as hereinafter
described; and
WHEREAS, the City of Elgin is a home rule unit authorized to
exercise or perform any function relating to its government and
affairs; and
WHEREAS, economic development initiatives as provided herein and
resulting in significant increases in the City of Elgin' s tax base and
employment opportunities within the City of Elgin are matters within
the government and affairs of the City of Elgin.
NOW, THEREFORE, for and in consideration of the mutual promises
and undertakings contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
1 . That the foregoing recitals are incorporated into this
agreement in their entirety.
2 . That Developer shall develop the Subject Property with the
Subject Development according to the site plan dated //-02d - (19 ,
prepared by ��,w4ify 6,4,6yrvN. Cc= Plc attached hereto as
Exhibit B. Developer shall complete all improvements for the Subject
2
Development, occupy same and commence operations at the Subject
Property on or before December 31, 2002 .
3 . That by December 31, 2002 the Developer shall create not
less than fifty (50) new full-time jobs, each with an annual salary in
excess of $40, 000, in the following types of positions:
Administrative Personnel, Sales Associates, Dispatchers, Warehouse
Supervisors, Mechanics and Drivers .
4 . That in consideration of Developer' s leasing the Subject
Property and completing the Subject Development on the Subject Property
and providing for the creation of jobs as set forth herein, the City
agrees to provide the economic development assistance to Developer as
set forth in this paragraph to be used by Developer for costs
associated with the Subject Development on the Subject Property. Such
economic development assistance from the City to Developer for the
Subject Development shall be provided to Developer as follows: In the
event of and upon Developer' s completion, occupancy of and commencing
operations of the Subject Development at the Subject Property on or
before December 31, 2002, as required in the preceding Paragraph 2
hereof, and in the event of Developer creating and establishing not
less than fifty (50) new full-time jobs at the Subject Development on
or before December 31, 2002, as required in the preceding Paragraph 3
hereof, the City shall pay to the Developer the sum of $1, 000 for each
of such full-time jobs created and established by the Developer at the
Subject Development on the Subject Property with the total monies to be
paid by the City to the Developer pursuant to this agreement not to
exceed $50, 000 . The City shall pay such monies not to exceed $50, 000
to the Developer upon receipt of acceptable documentation verifying the
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creation and establishment of such full-time jobs at the Subject
Development and the issuance of a final certificate of occupancy for
the Subject Development at the Subject Property, provided however, and
notwithstanding anything to the contrary provided in this agreement,
payment by the City shall not be made to the Developer prior to
December 31, 2002 . It is further expressly understood and agreed by
the parties hereto that the City' s sole and only financial contribution
for the Subject Development on the Subject Property shall be the
financial assistance not to exceed $50, 000 as described in this
paragraph and that the City shall have no other responsibility for any
other costs or expenses relating to the Subject Development of the
Subject Property.
5 . That Developer shall continue with its operations at the
Subject Development on the Subject Property for a period of ten (10)
years following Developer completing, occupying and commencing
operations of the Subject Development on the Subject Property.
6. That the parties understand and agree that the economic
development assistance being provided by the City to Developer as set
forth herein is expressly contingent upon Developer' s development of
the Subject Development on the Subject Property as set forth herein.
In the event Developer fails to complete, occupy and commence
operations of the Subject Development on the Subject Property on or
before December 31, 2002 , as required in the preceding Paragraph 2
hereof and/or in the event Developer fails to provide for the creation
and establishment of jobs at the Subject Development as required in the
preceding Paragraph 3 hereof, and/or in the event the Developer fails
to continue with operations at the Subject Development as required in
4
the preceding Paragraph 5 hereof, the parties understand and agree that
the City will not be providing any economic development assistance to
Developer for the Subject Development pursuant to this agreement or
otherwise, and that the Developer shall reimburse the City in full any
funds distributed to the Developer under the economic development
grants provided for the preceding Paragraph 4 hereof .
7 . That this agreement shall not be deemed or construed to
create an employment, joint venture, partnership, or other agency
relationship between the parties hereto.
8 . That all notices or other communications hereunder shall be
made in writing and shall be deemed given if personally delivered, sent
by overnight courier or mailed by registered or certified mail, return
receipt requested, to the parties at the following addresses, or at
such other addresses for a party as shall be specified by a like notice
and shall be deemed received on the date which said notice is hand
delivered or the second business day following the date on which so
mailed:
TO THE CITY: TO THE DEVELOPER:
City of Elgin Team Transport
150 Dexter Court 2410 Galvin Drive
Elgin, IL 60120-5555 Elgin, IL 60120
Attention: City Manager Attention: Charles Blankenship
9. That the failure by a party to enforce any provision of this
agreement against the other party shall not be deemed a waiver of the
right to do so thereafter.
10 . That this agreement may be modified or amended only in
writing signed by both parties hereto, or their permitted successors or
assigns, as the case may be.
5
11 . That this agreement contains the entire agreement and
understanding of the parties hereto with respect to the subject matter
as set forth herein, all prior agreements and understandings having
been merged herein and extinguished hereby.
12 . That this agreement is and shall be deemed and construed to
be a joint and collective work product of the City and Developer and,
as such, this agreement shall not be construed against the other party,
as the otherwise purported drafter of same, by any court of competent
jurisdiction and in order to resolve any inconsistency, ambiguity,
vagueness or conflict, if any, in the terms or provisions contained
herein.
13 . That the City and Developer agree that, in the event of a
default by the other party, the other party shall, prior to taking any
such action as may be available to it, provide written notice to the
defaulting party stating that they are giving the defaulting party
thirty (30) days within which to cure such default . If the default
shall not be cured within the thirty (30) day period aforesaid, then
the party giving such notice shall be permitted to avail itself of
remedies to which it may be entitled under this agreement .
14 . That notwithstanding any other provision of this agreement
it is expressly agreed and understood by the Developer and the City
that the development of the Subject Property by the Developer shall be
in accordance and compliance with all applicable federal, state, city
and other requirements of law. Developer shall also at its expense
procure all permits and licenses, pay all charges and fees, and give
all other notices necessary and incident to the due and lawful
6
prosecution of the work necessary to provide for the development of the
Subject Property as described in this agreement .
15 . That this agreement is subject to and shall be governed by
the laws of the State of Illinois . Venue for the resolution of any
disputes or the enforcement of any rights pursuant to this agreement
shall be in the Circuit Court of Kane County, Illinois . With the sole
exception of an action to recover the monies the City has agreed to pay
pursuant to the preceding Paragraph 4 hereof, and notwithstanding
anything else to the contrary in this agreement, no action shall be
commenced by the Developer against the City for monetary damages. In
the event any legal action is brought by the City for the enforcement
of any of the obligations of Developer in this agreement and the City
is the prevailing party in such action, the City shall also be entitled
to recover from Developer reasonable interest and reasonable attorney' s
fees.
16 . That this agreement shall be binding on the parties hereto
and their respective successors and permitted assigns . This agreement
and the obligations herein may not be assigned without the express
written consent of each of the parties hereto which consent may be
withheld at the sole discretion of either of the parties hereto.
17 . That upon Developer' s compliance with the requirements of
the preceding Paragraphs 2 and 3 hereof, Developer shall provide the
City reasonable data and records of Developer which documents
Developer' s compliance with the requirements of the preceding
Paragraphs 2 and 3 hereof .
18 . That time is of the essence of this agreement .
7
IN WITNESS WHEREOF, the parties have entered into and executed
this agreement on the date and year first written above.
CITY OF ELGIN, a municipal TEAM T• " •PI T
corporation
By OM. - By _ Age
Ed Schock, Mayor har es,- l-nkenshi:
Title:
l//y/U�(
Attest :
Pe-6:114-w,-4Q
Dolonna Mecum, City Clerk
F:\Legal Dept\Agreement\Development Agr-Team Transport
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THAT PART OF THE NORTH HALF OF SECTION 30, .
TOWNSHIP 42 NORTH, RANGE 8 EAST OF THE THIRD
PRINCIPAL MERIDIAN. KANE COUNTY, ILLINOIS,
d DESCRIBED AS FOLLOWS; COMMENCING AT THE
NORTHEAST CORNER OF THE NORTHEAST QUARTER
6.00' OF SAID SECTION 30; 'THENCE SOUTH 88'37'46"
WEST. ALONG THE NORTH LINE OF SAID NORTHEAST
QUARTER, A DISTANCE OF .62.67 FEET TO THE
. WEST LINE OF RANDALL ROAD PER DOCUMENT
NUMBER 96K017697; THENCt. FOLLOWING
TWO (2) ccylms ALONG SAID WEST LINE; (1)
I THENCE S . 00'51 '38" EAST:, A DISTANCE OF
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I EAST. A DISTANCE OF 574.58 FEET TO THE SOUTH
LINE QF THE NORTH MALF OF SAID NORTHEAST
QUARTER OF SECTION 30; THENCE' SOUTH 88'
40'41" WEST ALONG SAID SOUTH LINE, A
D'I STA Of 2624.03 FEET TO THE WEST LINE
OF PROPERTY CONVEYED YED TO THE CITY OF ELGIN
PER DOCUMENT NUMBER 96K078413 HEREINAFTER
I REFERRED TO AS' GALV,IN DRIVE FOR A POINT OF
BEGINNING; THENCE SOUTH' 8/P40'41" WEST
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QUARTER OF THE NORTHWEST QUARTER OF SAID
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THE WEST LINE "OF SAID NORTHEAST QUARTER OF
THE NORTHWEST QUARTER AS OCCUPIED.
ANTED AND ACCEPTED; THENCE NORTH 00-
41 '03" WEST ALONG SAID WEST LINE, A
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VP ! Agenda Item No.
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Citc:3;,,- 14-
y of Elgin
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November 9, 2001 G ;r:�` ;'�
TO: Mayor and Members of the City Council ECONOMIC GROWTH
FROM: Joyce A. Parker, City Manager
SUBJECT: Team Transport Financial Assistance
PURPOSE
The purpose of this memorandum is to present to the Mayor and
members of the City Council a request from Team Transport for
funding assistance related to their facility expansion at Northwest
Business Park.
BACKGROUND
rft. Team Transport recently located its corporate offices and
consolidated operations in a 35, 000 square foot facility at the
Northwest Corporate Park. The company currently employs 85
employees . They also have recently signed a long-term lease for an
additional 245, 000 square foot facility at the Northwest Corporate
Park.
The Team Transport operation is a "hi-tech" consolidation center
similar to the UPS Center in Rockford.
Based on their forecast, they are anticipating that they will lease
an additional 250, 000 square feet of space by March, 2002 and that
by November, 2002 they will be operating in 900, 000 to 1 million
square feet in Elgin.
In March, when the company moved into their first facility, they
employed 23 people whose annual compensation was in excess of
$40, 000 . As of September 30"', they have employed 78 people whose
annual compensation exceeds $40, 000 . These 78 individuals include
administrative personnel, sales associates, dispatchers, warehouse
supervisors, mechanics, local drivers and over-the-road drivers .
The forecast for 2002 includes the hiring of an additional 50 to
100 people, with an annual compensation in excess of $40, 000, to
rperform similar job functions as those positions listed above .
Team Transport anticipates that by August, 2003 they will employ
approximately 230 people whose annual compensation is in excess of
$40, 000 .
. . _
r Team Transport Financial Assistance
November 9th 2001
Page 2
Mr. Charles Blankenship, President and CEO of Team Transport, has
requested that the City of Elgin provide financial assistance for
their project .
Following a review of the request from Team Transport, the City of
Elgin' s Development Review Team has recommended that a job grant of
$1, 000/job be offered in the year 2002 . A not-to-exceed limit of
$50, 000 is recommended as a funding limit .
COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED
Request reviewed by Development Review Team.
0:INANCIAL
IMPACT
The 2001 budget included $653 , 500 in economic development
incentives . To date, all monies have been allocated and none
remain. Adequate funds would need to be programmed in the proposed
2002 budget in order to fund this economic development initiative.
0I7)0 LEGAL IMPACT
\
A Development Agreement would be required.
ALTERNATIVES
1 . Fund the request in budget year 2002 at a not-to-exceed
$50, 000 level .
2 . Deny the request for financial assistance .
RECOMMENDATION
It is recommended that the City Council approve a Development
Agreement with Team Transport which includes a $1, 000 job grant
allowance at a not-to-exceed amount of $50, 000 .
Respectfully submitted,
Joyce A. Parker
City Manager
rRHM: sp
TEAM TRANSPORT
October 8, 2001
Mr. Ray Moller
Director of Economic Development
City of Elgin
150 Dexter Court
Elgin, Illinois 60120
Dear Ray;
When we leased our current 35,000 square foot facility in March of this year we never envisioned
that we would outgrow it in six (6) months.
Team Transport has just signed a seven (7) year lease for a 241,000 square foot facility in Elgin, in
the Northwest Business Park in Elgin, where we are currently located.
Based on our forecast we are anticipating that we will lease an additional 250,000 square feet of
space by March, 2002 and that by November, 2002 we will be operating in 900,000 to 1 million
square in Elgin.
In March when we moved into our first facility we employed 23 people whose annual compensation
was in excess of$40,000. As of September 30th we employed 78 people whose annual
compensation exceeds $40,000. These 78 individuals include administrative personnel, sales
associates, dispatchers, warehouse supervisors, mechanics, local drivers and over-the-road drivers.
Our forecast for 2002 includes the hiring of an additional 50 to100 people, with an annual
compensation in excess of$40,000, to perform similar job functions as those positions listed above.
We anticipate that by August, 2003 we will employ approximately 230 people whose annual
compensation is in excess of$40,000.
Our exceptional growth, in a highly competitive industry during a time of economic slowdown, is
largely attributed to our employees. Our continued ability to attract and retain quality people who
are team players, who continually demonstrate a positive attitude and a proactive approach to
resolving potential problems and who consistently take the initiative to do whatever is required to
exceed our customers' expectations is essential for us to sustain our successful growth.
We pride ourselves on creating a professional, comfortable and supportive environment where
people with the right attitude and work ethic can be successful.
We have established training programs for administrative, sales and operational positions so that an
individual who lacks actual related work experience would not be precluded from gaining
employment with our company and from realizing new opportunities for financial and professional
growth. We have established a credit assistance program, with our bank, where we will assist and
support our employees' efforts in obtaining a credit card and establishing themselves.
2530 Vantage Drive * Elgin, IL 60123 * Phone (847) 844-9738 * Fax (847) 428-1211
We need to continue developing programs so that any person with the right attitude, desire and
commitment can be given an opportunity to be productive, to provide for a better life for their
elb` family, to gain self confidence and to feel that they are a contributing and valuable member of our
family.
We would hope that the City of Elgin could provide financial assistance for programs such as Pace
Bus Service for those present or future employees who are unable to accept employment due to a
lack of transportation or being unable to get to work or Child Daycare Service for the single parent
who is starting over but cannot seek or accept employment because they do not have or cannot
afford Daycare for their child(ren) or the household that financially needs both parents to work but
cannot afford to have their child(ren) in Daycare.
We will be making a major investment in our"new" facility:
Construction of 9,000 square feet of offices=$ 396,000.
Warehouse Racking &Fencing=$ 352,000
Automated Conveyor System w/Bar Code Readers= $ 250,000
Material Handling Equipment=$ 85,000
Office Equipment & Furnishings = $ 100,000
Security System= $ 72,000
We are comfortable and confident in making this investment in Elgin and because of the size of the
investment that is required we would appreciate whatever assistance may be available.
It is apparent that the City government and it agencies are aggressively putting forth the effort to
revitalize the City and make it more conducive, safe and inviting for businesses and families to
locate here.
Team Transport wants to be one of the leading forces in creating the image for the "new"Elgin and
to be a long term active participant in our city's growth and success.
We look forward to working with you, the other members of the City Government and the Chamber
of Commerce in promoting a City that is sensitive to the needs of business but first and foremost to
the needs of its residents which constitute the backbone of our city.
Vry, ly yours,
/ /i.
ji,
Chae ne s 4
President & CEO/
Cc: Ed Schock—Mayor, City of Elgin
Leo Nelson—President, Elgin Chamber of Commerce