CCR2017061-Development Agreement-HSI
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #061-2017
APPROVAL OF
DEVELOPMENT AGREEMENT BETWEEN
HSI MUSKEGO INDUSTRIAL, LLC AND
THE CITY OF MUSKEGO
WHEREAS, Resolution #053-2017, passed on May 23, 2017, authorized development
incentives to be paid to HSI Muskego Industrial, LLC (the “Developer”) in the following manner:
An eight-year pay-as-you-go incentive with an annual minimum grant in the amount of
$50,000.00 and a maximum of $94,000.00.
The net accumulated payments over the eight-year period will not
exceed $575,000; and
WHEREAS, Pursuant to said Resolution, a Development Agreement was prepared by the City
Attorney, a copy of which is attached hereto; and
WHEREAS, The Developer intends to construct site improvements, which includes construction
of an office/warehouse/light industrial building initially containing approximately 65,000 total
square feet; and
WHEREAS, Upon completion of the improvements, the Developer will lease the property to
CGS Premier, Inc., a digital printing and custom fabrication company specializing in mobile
exhibits and displays that are built into vehicles; and
WHEREAS, The property is located within Tax Incremental District No. 10 and the construction
of the Developer improvements are in accordance with the TIF Project Plan; and
WHEREAS, The Finance Committee has reviewed the Development Agreement and
recommends approval to the Common Council.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego,
upon the recommendation of the Finance Committee, does hereby approve the attached
Development Agreement between HSI Muskego Industrial, LLC and the City of Muskego.
BE IT FURTHER RESOLVED That the Mayor and Clerk-Treasurer are authorized to sign the
Development Agreement and the City Attorney is authorized to make substantive changes to
the Agreement as may be necessary in order to preserve the general intent thereof.
DATED THIS 13th DAY OF JUNE , 2017.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #061-2017 which was
adopted by the Common Council of the City of Muskego.
Clerk-Treasurer
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