Page 2 - 2018 Village Ordinance Book 122818

State of Wisconsin County of Racine Village of Sturtevant

RESOLUTION NO. 2018-07

RESOLUTION AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT
BETWEEN THE VILLAG OF STURTEVANT AND HORIZON GROUP PROPERTY
HOLDINGS, LLC

The Village Board of the Village of Sturtevant ("Village"), Racine County, Wisconsin,
resolves as follows:

RECITALS

WHEREAS, Horizon Group Holdings, LLC has proposed to construct an
approximately 40,000 sq. ft., two-story, high end office building to relocate the Developers
corporate headquarter to 9999 E. Exploration Court, parcel 181-03-22-16-428-230; and

WHEREAS, the guaranteed minimum value of the property shall be at least $5 Million;
and

WHEREAS, the project shall create / maintain one hundred twenty (120) full-time
positions.

NOW, THEREFORE, BE IT RESOLVED by the Sturtevant Village Board that the
Development Incentive Agreement as set forth in Exhibit A which is attached and
incorporated herein is authorized and approved, and the Village President and Village
Clerk are authorized to execute said agreement.

Adopted by the Village Board of the Village of Sturtevant, Racine County,
Wisconsin, this 16th day of January, 2018.

VILLAGE OF STURTEVANT

Jayme Hoffman,
Village President

Mary Cole, Clerk