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A Resolution Authorizing an Economic Incentive Agreement (Wayfair LLC)
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WHEREAS, the Village of Romeoville is an Illinois home rule municipality under the provisions of the Illinois Constitution of 1970; and
WHEREAS, Wayfair, LLC (“Company”) has requested the Village to enter into an economic incentive agreement in connection with its development of a distribution facility with office space to be used in connection with Company’s internet retail business of selling tangible personal property within the Village of Romeoville; and
WHEREAS, the Village of Romeoville has determined that it is in the best interests of the Village to enter into an economic incentive agreement with Company in substantially the form attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF ROMEOVILLE, WILL COUNTY, AND ILLINOIS:
SECTION ONE. The foregoing Recitals are hereby incorporated into this resolution as if fully set forth in this Section 1.
SECTION TWO. The Village Manager is hereby authorized to execute an economic incentive agreement with the Company in substantially the form attached hereto as Exhibit A, subject to final review and approval by the Village Manager and the Village Attorney.
SECTION THREE. That the various provisions of this Resolution are to be considered severable and if any part or portion of this Resolution shall be held invalid by any Court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Resolution.
SECTION FOUR. All prior Resolutions and Resolutions, or parts thereof in conflict or inconsistent with this Resolution are hereby expressly repealed only to the extent of such conflict or inconsistency.
SECTION FIVE. This Resolution shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law.