I. CALL TO ORDER:
• Pledge to the Flag
• Prayer
II. ROLL CALL:
III. PROCLAMATIONS, COMMENDATIONS, ETC:
IV. REPORTS AND COMMUNICATIONS:
• Mayor
• Council Members
• Employee Introduction - Erin Ruppert
• Financials January 2013
V. PUBLIC COMMENTARY:
1) CONSENT AGENDA ITEMS BY OMNIBUS VOTE with Recommendations:
a) Approve Minutes of City Council Meeting – February 11, 2013
b) Approve Bills – 020113-020813, 020913-021413
c) Approve Payroll – 012113-020313
d) Approve RTHS Education Foundation 's Request to Hold 30 Men Who Cook Event at Rochelle
Airport –September 7, 2013
2) Third Amendment to Annexation Agreement (DP Industrial) and Amendment to Rider to Annexation Agreement (Illinois River Energy) Prologis Park (Public Hearing and Action)
3) Ordinance Authorizing Sale of Renewable Energy Credits
VII. DISCUSSION ITEMS:
VIII. EXECUTIVE SESSION
IX. ADJOURNMENT
Agenda Item #2 - Third Amendment to Annexation Agreement (DP Industrial) and Amendment to Rider to Annexation Agreement (Illinois River Energy) Prologis Park (Public Hearing and Action)
References:
Third Amendment to Annexation Agreement and Amendment to Rider to Annexation Agreement Prologis Park
Ordinance Approving Third Amendment of Annexation Agreement
Recommended Action:
Conduct the Public Hearing
Consider Ordinance Approving Third Amendment of Annexation and Amendment to Rider to Annexation Agreement Prologis Park
History and Fact:
Nearly 10 years ago the Mayor and Council approved an Annexation Agreement with DP Industrial, LLC and an Annexation Agreement and Rider with Illinois River Energy (IRE) related to property located south of Interstate 88 and east of Caron Road. Prologis Land, LLC is now the owner of property which is bound by both the DP Agreement and the Rider to the IRE Agreement. On February 11th the Mayor and Council conducted a Public Hearing to discuss a Third Amendment to the Annexation Agreement and Amendment to the Rider in order to facilitate the development of ProLogis Park – Unit Four. Since the provisions of the agreement were still being finalized, the Mayor and Council continued the Public Hearing until February 25th.
Discussion:
Provisions in the amendment include the following: the City will accept "Caron Court" as a public street providing ProLogis posts a bond in the amount of $20,000, the City will accept the existing street lights along Caron Court upon approval by RMU, ProLogis will obtain an easement along the west side of Caron Court for a sidewalk or grant the City an easement along the east side and construct a sidewalk within 12 months of the recording of the final plat, ProLogis will provide an easement for a shared use path along the north side of Steward Road and along the south property line of Lot 2 and contribute fifty percent of the estimated costs for construction within five years from the date of this amendment, the City will construct the shared use path within eighteen months following receipt of the ProLogis contribution, ProLogis will pay the City the total estimated costs for materials for no more than ten street lights to be installed along Steward Road within five years from the date of the amendment, the City will install the streetlights within eighteen months following receipt of the ProLogis contribution, and ProLogis will obtain an easement along the west side of Caron Court for offsite drainage or grant the City an easement along the east side of Caron Court and construct stormwater facilities comparable to those existing on the west side.
Recommendation:
Conduct the Required Public Hearing
Authorize an Ordinance Approving the Third Amendment of Annexation Agreement (DP Industrial) and Amendment to Rider to Annexation Agreement (Illinois River Energy) Prologis Park
Agenda Item #3 - Ordinance Authorizing Sale of Renewable Energy Credits
References:
Memo from Business and Financial Analyst Dan Westin
Ordinance Authorizing Sale of Renewable Energy Credits
Recommended Action:
Consider an Ordinance Authorizing Sale of Renewable Energy Credits
History and Fact:
In August of 2010 the Mayor and Council approved several agreements associated with the Landfill Gas to Energy Project. Among them was a Landfill Gas Purchase Agreement between the City, Rochelle Waste Disposal and Rochelle Energy Center. As a result of that agreement, the City has accumulated 23,414 Renewable Energy Credits (RECs) as of January 2013. These credits have a value to companies seeking to lower their emissions footprint.
Discussion:
Business and Financial Analyst Dan Westin has researched the salability of the RECs on the market and found them to have a value of approximately $0.70 to $1.00 each if sold at public auction. In addition he believes that the market for RECs is deteriorating and that it is in the best interest of the City to sell them.
Attorney Lyons has reviewed the Illinois Municipal Code with respect to the sale of property. He has determined that the renewable energy credits are considered personal property. Per 65 ILCS 5/11-76-4, the City may sell personal property if it is no longer necessary or useful to the City, or if its in the best interests of the City to sell the property. This is accomplished by a simple majority vote of the City Council.
The proposed ordinance authorizes the City Manager, or his designee, to sell current and future RECs at public auction or private sale when it is determined to be in the best interest of the City.
Recommendation:
Approve an Ordinance Authorizing Sale of Renewable Energy Credits
