TO: Mayor and City Council
FROM: Todd Lenzie, Interim Corporation Counsel
SUBJECT:
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Ordinance Authorizing an Amendment to the Des Plaines River Valley Enterprise Zone Intergovernmental Agreement
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BACKGROUND:
This memorandum addresses the proposed amendment to the Des Plaines River Valley Enterprise Zone Intergovernmental Agreement. The amendment pertains to the inclusion of a new development project by Minnick Illinois, LLC (dba Norwalk Tank) within the enterprise zone.
This Item was reviewed and approved by the Legislative Committee on August 5, 2025.
CONCLUSION:
In 1983, the County of Will, the City of Joliet, the City of Lockport, and the Village of Rockdale entered into an Intergovernmental Agreement under the Illinois Enterprise Zone Act (20 ILCS 655/1 et seq.) to establish the Des Plaines River Valley Enterprise Zone. The agreement was subsequently amended in 1989 to include the Village of Romeoville and in 2003 to alter the termination date and financial incentives.
The current amendment seeks to expand the enterprise zone boundaries to include a new greenfield site for Minnick Illinois, LLC. The specifics of the project are as follows:
* Location: 43 acres at Cherry Hill Road and Moss Lane, New Lenox/Joliet, IL
* Total Capital Investment: $19 million
* New Full-time Jobs: 25
* Retained Jobs: 33 from the existing Joliet location
* Project Timeline: Construction to be completed within 24 months
The state of Illinois has approved an EDGE agreement supporting this project, and the Joliet site was selected over a competing site in Ft. Wayne, IN, due to the enterprise zone incentives. Public notice and a public hearing were conducted as required by Section 5.4 of the Illinois Enterprise Zone Act. The Board of Directors of the Des Plaines River Valley Enterprise Zone has recommended the adoption of this amendment.
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council authorize the Amendment t...
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