03-271 Resolution No. 03-271
RESOLUTION
AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT WITH
WMH TOOL GROUP, A SUBSIDIARY OF WALTER MEIER A.G. ,
FOR THE DEVELOPMENT OF 2420 VANTAGE 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 WMH Tool Group, a
Subsidiary of Walter Meier A.G. , for the development of
2420 Vantage Drive for use as its corporate headquarters, a copy of
which is attached hereto and made a part hereof by reference .
s/ Ed Schock
Ed Schock, Mayor
Presented: October 8 , 2003
Adopted: October 8, 2003
Omnibus Vote : Yeas : 6 Nays : 0
Attest :
s/ Dolonna Mecum
Dolonna Mecum, City Clerk
DEVELOPMENT AGREEMENT
This Development Agreement is made and entered into this P
day of , 2003 , by and between the CITY OF ELGIN, an
Illinois municipal corporation, (hereinafter referred to as the
"City") and WMH TOOL GROUP, Inc. , a Subsidiary of Walter Meier A.G. ,
a Swiss industrial company, authorized to do business in the State
of Illinois (hereinafter referred to as "Developer" ) .
WITNESSETH
WHEREAS, Developer intends to lease additional property located
in the Northwest Corporate Park consisting of approximately 50, 000
square feet, commonly known as 2420 Vantage, 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
50, 000 square feet of the Subject Property for its business, which
involves the manufacture, marketing and distribution of tools and
power equipment . (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, 500, 000 . 00 investment in
improvements and is expected to result in the creation of not less
than one hundred (100) new full-time jobs by the Developer in the
City of Elgin by December 31, 2003 ; and
WHEREAS, it is unlikely that the development of the Subject
Property will occur in the absence of limited economic assistance;
and
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, 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 wit the...� �
Subject Development according to the site plan dated � �` nw
r /
2
prepared by Harris Architects, Inc . , attached hereto as Exhibit B.
Developer shall complete all improvements for the Subject
Development, occupy same and commence operations at the Subject
Property on or before December 31, 2003 .
3 . That by December 31, 2003 the Developer shall create not
less than one hundred (100) new full-time jobs by the Developer
located at the Subject Development on the Subject Property, eighty-
three (83) with an annual salary in excess $40, 000, in the types
of positions as identified on Exhibit yg which is attached hereto.
Such full-time jobs shall be occupied by full-time employees of the
Developer.
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, 2003, as required in
the preceding Paragraph 2 hereof, and in the event of Developer
creating and establishing not less than one hundred (100) new full-
time jobs by the Developer at the Subject Development on or before
December 31, 2003 , as required in the preceding Paragraph 3 hereof,
3
the City shall pay to the Developer the total sum of $40 , 000 . The
City shall pay such monies not to exceed the total amount of $40, 000
to the Developer upon receipt of acceptable documents verifying
Developer' s completion, occupancy of and commencing operations of
the Subject Development at the Subject Property on or before
December 31, 2003 , and Developer creating and establishing not less
than 100 new full time jobs by the Developer at the Subject
Development on the Subject Property on or before December 31, 2003,
and the issuance of a final certificate of occupancy for the Subject
Development at the Subject Property on or before December 31, 2003 .
Notwithstanding anything to the contrary in this agreement, payment
of such total amount of $40, 000 by the City to the Developer shall
not be made prior to December 31, 2003 . 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
$40, 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 and the
full time jobs to be created pursuant to this agreement at the
Subject Development on the Subject Property for a period of six (6)
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
4
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, 2003 , 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 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:
5
City of Elgin WMH Tool Group
150 Dexter Court 300 South Hicks Road
Elgin, IL 60120-5555 Palatine, IL 60067
Attention: City Manager Attention: Robert Romano
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 .
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
6
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 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
7
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 .
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 WMH TOOL GROUP, a Subsidiary of
corporation Walter Meier A.G. , a Swiss
_�
BY - _ BY
Ed Sc oc , Mayor Robert Romano
Title : VP and General Counsel
Attest :
ke.e.-4.44-1.—
Dolonna Mecum, City Clerk
F:\Legal Dept\Agreement\Development Agr-WMH Tool Group-RM.doc
Draft 3/26/03
8
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EXHIBIT "i"
LEGAL DESCRIPTION
LOTS 15 TO 22 IN THE FINAL PLAT OF SUBDIVISION OF NORTHWEST CORPORATE PARK UNIT I,BEING
A SUBDIVISION OF A PORTION OF THE SOUTH EAST QUARTER OF SECTION 19,AND A PORTION OF THE
NORTH%z OF SECTION 30,TOWNSHIP 42 NORTH,RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN,
IN THE CITY OF ELGIN, KANE COUNTY, ILLINOIS.
JRICHMAN/525346.5 B-I
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HARRIS ARCHITECTS INC,
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2420 Vantage Dr I
,t234 zt-t EIg n,1L 6!1123
WMH,
�,_ .. , Phone:847-851-1000 Fax:847-8$1=1045
Revised 09-12-03
NAME TITLE NAME TITLE
Graphic Designer Office Services Coordinator
Product Support Specialist Admin.Support Industrial Mtlwrkg
Web Designer Product Manager,Consumer Wood
Marketing Coordinator Reg Sales-East US&Canada
Product Support Specialist Group Services
Project Engineer Sr.Graphic Designer
Staff Accountant Product Manager-Ind.Tool
VP&GM/ Elgin&LaVergne Sales Admin Assistant-Tool
Accounting Coordinator Warehouse
Marketing Assistant Project Engineer
Director-National Accounts Admin.Support
Manager International Operations Product Support Specialist
Material Manager Group Services
Director of Engineering Product Specialist
Product Marketing Specialist VP International Operations
Manager,Analysis Reporting VP International Division
PC/LAN Tech.Specialist VP General Counsel
Product Manager Director of Purchasing
Retail Serv.Manager
Manager,Engineering Marketing Services Mgr.
PRMS Business Analyst HR Manager
Marketing Services Manager Engineering Manager
Group Services Purchasing
Sales Coordinator National Acct.Manager
Director of Sales Product Marketing Mgr.
VP/General Manager Ind Tool East.Field Sales Mgr.
Marketing Asst./Graphic Designer VP/GM Retail Sales
Product Support Specialist International Buyer
President&CEO Senior Product Specialist
Engineer Engineering Ind Metlwrkg
Admin.Support,Industrial Mtlwrkg VP of Finance
VP Corporate Services Controller Elgin&LaVergne
International Buyer Marketing Specialist
Tech Writer VP/CFO
Sales Coordinator Executive Assistant
Product Manager-Retail Director of Marketing
Accounting Manager Marketing Specialist
Engineer Product Manager
VP&GM/Auburn&Elgin Director of Sales-Ind.Tool
Marketing Asst./Graphic Designer Tech Writer
Western Field Sales Manager VP Supply Chain Mgmt
Receptionist Director of Quality
Product Support Specialist International Buyer
Product Manager
Finance
Director of Sales-Industrial Tool
Alphabetical Elgin Phone List 1
OF
City of Elgin Agenda Item No. ' -
E
L I
August 7, 2003 G
N ►
TO: Mayor and Members of the City Council
--
ECONOMIC GROWTH'
FROM: David M. Dorgan, City Manager
Raymond H. Moller, Director f Economic Development
and Business Services
SUBJECT: Development Incentive WMH Tool Group
PURPOSE
The purpose of this memorandum is to provide the Mayor and
members of the City Council with information regarding a request
from WMH Tool Group for a $40, 000 Economic Development
Incentive.
BACKGROUND
WHM Tool Group, Inc. is a global manufacturer, marketer, and
distributor of a broad array of tools and power equipment for
consumer and industrial use. WMH Tool Group is a subsidiary of
Walter Meier Holding A.G. , a publicly traded, Swiss industrial
company. Some of their brands date back over 75 years and
include Wilton, Columbian, Jet, Powermatic, Performax, and
Turtle Wax.
They employ approximately 600 employees worldwide and have
operations in Tennessee, Washington and Schiller Park, IL as
well as European sales offices. Their customers include The
Home Depot, Lowe' s, Wal-Mart, Sears, W.W. Grainger, Menard' s and
literally thousands of independently owned businesses and
retailers .
WMH Tool Group is relocating its corporate headquarters in order
to accommodate the increased number of employees that are being
added to their consolidated operations. An Elgin location was
under consideration at the time of the initial incentive
request.
Development Incentive WMH Tool Group
August 7, 2003
Page 2
Approximately 100 persons will be employed at the new corporate
headquarters in 2003 . The functional activities at the
headquarters will include engineering, strategic sourcing,
administrative, marketing, financial, and executive.
WMH Tool has requested consideration of a grant based upon the
number of individuals to be employed at the facility and the
salaries paid in excess of $40, 000 . WMH Tool has made the
decision to locate at 2420 Vantage Drive at the Northwest
Corporation Park. The firm has committed to employ a work force
of one hundred new, full-time jobs by December 31, 2003 .
Eighty-three of the one hundred positions will exceed the
$40, 000 annual salary rate of pay.
WMH Tool has also agreed that it will remain at the Vantage
Drive location for six years or return any financial incentives
paid to the company.
Staff advised WMH Tool that funds available for economic
development incentives are limited and that an incentive in the
amount of $40, 000 would be recommended to the Mayor and City
Council Members rather than an amount of $83, 000 .
The City Staff/Elgin Area Chamber of Commerce Development Review
Committee has received the request from WMH Tool and supports
the payment of a $40, 000 economic development incentive.
COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED
None.
" FINANCIAL IMPACT
/ Funds in the amount of $518, 873 have been budgeted in account
number 276-000-791 .80-27 in the 2003 Riverboat Lease Fund. To
date, $241, 774 . 65 has been spent or -encumbered. An amount of
$277, 774 .65 remains available. The $40, 000 economic development
incentive would be charged to project number 177104 .
EGAL IMPACT
A development agreement would be required.
Development Incentive WMH Tool Group
August 7, 2003
Page 3
ALTERNATIVES
1 . Authorize the $40, 000 jobs incentive economic development
assistance.
2 . Do not authorize the economic development incentive.
RECOMMENDATION
It is recommended that an economic development jobs incentive
agreement with WMH Tool in the amount of $40, 000 be approved.
Respectfully submitted for Council consideration.
RHM/od
Attachment
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Mar, 04 03 02: 19p Economic Development 847-741-5677 p- 4
eb: 14. 2003 1:3211I WILTON CORP/PALATINE No. 8721 P. 2/6
W M H TOOL GROUP
February 14,2003
Mr.Chris J.Manheim,CEcD
Vice President,Economic Development
Elgin Area Chamber
32 S.Grove Ave,
Elgin,IL 60120
Re WMH Tool Group,Inc:Relocation of Corporate Headquarters
Dear Mr.Manheim
WMH Tool Group,Inc.is a global manufacturer,marketer and distributor of a
broad array of tools and power equipment for consumer and industrial use
WMH Tool Group is a subsidiary of Walter Meier Holding A.G., a publicly
traded Swiss industrial company. Some of our brands date back over 75 years
and include Wilton,Columbian,Jet,Pawermafic,Performax and Turtle Wax.
We employ approximately 600 employees worldwide and have operations in
Tennessee,Washington and Schiller Park,IL as well as European sales offices.
Our customers include The Home Depot, Lowe's, Wal-Mart, Sears, W.W.
Grainger,Menard's and literally thousands of independently owned businesses
JET and retailers. The WMH Tool Group website may be found at
www.wmhroolgroup.com
' H Tool Group is relocating its corporate headquarters in order to
—-- .- accommodate the increased number of employees that are being added to our
-- _ ---, consolidated operations. An Elgin location is under consideration. Specifically,
we are looking at the property located at 2420 Vantage.
Approximately 109 persons will be employed at the new corporate headquarters
WILWN in 2003. The functional activities at the headquarters will include eugineenng,
strategic sourcing, administrative, marketing, financial and executive. Attached
COWMBIAN 1 for your review is a list of position titles along with salary information. We
believe WMH Tool Group will be a leading employer in the area offering not
only competitive wages but a full complement of benefits such as Blue
mum s TER Cross/Blue Shield medical,dental and vision,tuition reimbursement and a 401k
match.
POLISHMASTER
SPECTII A
300 South Hicks Road I Palatine,IL 60067 1 847-934-6000 1 847-934-6730 fax
• Mar 04 03 02: 19p Economic Development 847-741 -5677 p. 5
Feb..14. 2003 1:33PM WILTON CORP/PALATINE No. 8721 P. 3/6
• Page 2 February 14,2003
WMH Tool Group is requesting consideration by the City of Elgin fora grant
based upon the number of individuals to be employed at the proposed facility
and their respective salaries.We are available to assist in the process by providing
whatever information may be required and to answer any questions you may
have.
WMH Tool Group looks forward to your favorable response and we feel very
strongly that both WIvI I Tool Group and Elgin will benefit from an Elgin
address on our corporate letterhead
Sincerely
/ -
John Sisul
/'Vice President of Human resources
Mac 04 03 02:20p Economic Development 947-741-5677 P• 6
• . Feb.•14. 2003 1 :33PM WILTON CORP/PALATINE No. 8721 P. 4/6
09.04.02 Salary Name Jobtitle Salary by Location Dept. for VA.xis
(11"*.L
,JOB TITLE ANNUAL SAL
- 1 Operations Managaer $90,464
2 Purchasing $42,436
3 Product Specialist $48`150
4 Purchasing $44,000
5 VP Corporate >40k
6 VP National Accounts >40k
- 7 ,Admin Asst-VP Ind $38,500
_ 8 _ VPNat'I Acts/Int'IS >40k
9 !Administrative Asst $34.776
10 Mgr-Ind&Retail C/S $65,725
11 Customer Account Mgr $33,638
12 Mkt. $35,500
13 Marketing Specialist $41,400
14 _Mkt, $39,200
15 Graphic Artist $26,752
16 Director of Quality $94,760
17 Accounting $45,900
18 Finance Acctng Coord $37,260
19 Mgr Financial Report $92,750
20 CFO >40k
21 _President >40k
22 �VP Finance _>40k
23 Executive Assistant $51,975
24 Product Manager_ $65,000
25 PC/LAN Tech Special _ $51,382
26 PRMS Bus Analyst $69,775
27 Director of IS >40k
28 Receptionist _ - $27,040
29 Office Services Supp $27,456
30 VP Corp Services >40k
31 Facilities Manager _ $43,260
32 Human Resources Mgr $71,400
33 VP Human Resources >40k
34 National Sales Mgr $91,300
35 Attorney >40k
36 Mgr AcctNorthAmerOps $57,063
37 _ Advertising Manager $75,000
38 Graphic Designer _ $43,000
39 Graphic Designer _ $40,000
40 Graphic Designer $40,000_
41 Graphic Designer _ $40,000
42 Graphic Designer _ $40,000
43 Web Site Coordinator $45,000
44_ VP Operations >40
45 Director of Engineering >40
46 Engineeringyanager $40,000
47 ,Product Engineer _ $40,000
Page 1
, Mar; 04 03 02: 20p Economic Development 847-741-5677 p- 7
' . ' F4•14. 2003 1 :33PM WILTON CORP/PALATINE No. 8721 P. 5/6
09.04.02 Salary Name Jobtitle Salary by Location Dept.for VA.xls
JOB TITLE ANNUAL SAL
48 Tech Writer $40,000
49 Tech Writer 0___ $40,000 __
50 Engineer $50,000
51 Engineer-
52 Engineer _ $50,000
53 Director of Purchasing $90,000
54 Purchasing $45,000
55 _ Purchasing $45,000 .__
56 Purchasing $45,000
57 Accounting Manager $82.000..,_
58 VP GM >40
59 Product Manager $65,000
60 Director $72,000
61 Product Manager $75, 000
62 VP GM _ >40
63 Director Product Devel. '40
_ 64 Product Manager $90,000
65 Product Manager $60,000
65 Product Manager _ $60,000
67 Administrative Support $35,000 -
68 Product Specialist _ $35,000
69 Product Specialist $35.000
70 Product Specialist $35,000
71 Product Specialist $35,000
rill' 72 VP,Operations •>40k __,
73 VP,Metal >40k
74 Cust Svc Rep $35,428.00
75 Service Mgr $59,654.00
76 Admin Assist $31,975.00
77 Product Spec $37,440.00
78 Engineer $60,216.00 -
79 _ Field Sts Mgr-East _ $75,608.00
80 Cust Svc Lead $40, 000,00
81 Purchasing Mgr $71,400.00
82 Service Tech $42,385.00
83 Product Mgr �� $56,784.00
_84 Oust Svc Acct Mm $37,553.00
85 ^Product Spec $43,514.00
86 _ Service Tech $35,235700
87 _Mktg Coord/Asst __ $45,365.00
88 FieldSls Mgr-West $75,000.00
89 Warehose/facility $36,109.00
90 Product Specialist $36,000
91 Marketing Specialist $30,000
rk
Page 2
• Mar 04 03 02:21p Economic Development 847-741-5677 P• 8
Feb- 14. 2003 1:33PM WILTON CORP/PALATINE No. 8721 P. 6/6
09.04.02 Salary Name Jobtitle Salary by Location Dept.for VA.xls
JOB TITLE _ ANNUAL SAL
92 Manager >40k _
93 Engineer $65,1■ 0
94 Product—Specialist $36.000
95 Sales Coordinator 330,000
_ 96 Director of Sales >40k_
97 Product Manager S73,000
98 Administrative Asst $54,362
99 _ Marketing,_Manager $66,000
100 VP Sales&Marketng >40k
101 Director of Sales >40k
102 _ Director/Marketing >40k
103 Marketng Coordinator $38,000
104 Sales Coordinator $30,400
105 _ Eastern Regional Sls 544.000
106 Western Regional SIs _ $44,000
107 Product Manager $82,000
108 Product Manager $48,500
109 National Acct.Manager $80,000
Total over$40k= 83
(Pb'.
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