Full Text of SJR0064 95th General Assembly
SJ0064 95TH GENERAL ASSEMBLY
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| SENATE JOINT RESOLUTION
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| WHEREAS, The General Assembly wishes to ensure that the | 3 |
| State of Illinois encourages economic development | 4 |
| opportunities for citizens in all parts of the State; and
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| WHEREAS, The Toney Watkins Company has proposed to develop | 6 |
| an economic development project that, if realized, will provide | 7 |
| substantial economic benefit to the State of Illinois and Perry | 8 |
| County, Illinois in particular; and
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| WHEREAS, Said project requires the transfer of certain land | 10 |
| currently managed by the Illinois Department of Natural | 11 |
| Resources to the Toney Watkins Company in exchange for a | 12 |
| property of equivalent condition, size, and use; and
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| WHEREAS, The General Assembly finds that development | 14 |
| opportunities expected to be facilitated by the exchange | 15 |
| proposed by the Toney Watkins Company between it and the | 16 |
| Illinois Department of Natural Resources will result in a | 17 |
| minimum private investment of $100,000,000 and approximately | 18 |
| 2,500 jobs; therefore, be it
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| RESOLVED, BY THE SENATE OF THE NINETY-FIFTH GENERAL | 20 |
| ASSEMBLY OF THE STATE OF ILLINOIS, THE HOUSE OF REPRESENTATIVES | 21 |
| CONCURRING HEREIN, that the General Assembly requests that the |
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| Department of Natural Resources meet with representatives of | 2 |
| the Toney Watkins Company and its designees to explore the | 3 |
| possibility of executing a conveyance of property within Perry | 4 |
| County, Illinois to the Toney Watkins Company in consideration | 5 |
| of an exchange of property of substantially equivalent | 6 |
| condition and use for certain economic development purposes; | 7 |
| and be it further
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| RESOLVED, That any legislative action required for the | 9 |
| transfer of property proposed for this project shall be | 10 |
| contingent upon the Director of Natural Resources making a | 11 |
| finding that the properties involved in any proposed exchange | 12 |
| be of equal value, size, and attributes; and be it further | 13 |
| RESOLVED, That, if legislative authorization is granted | 14 |
| for such a property transfer, conveyance negotiations shall not | 15 |
| be initiated by the Director of Natural Resources or the | 16 |
| Director's designee until: (i) the Department of Natural | 17 |
| Resources is in receipt of a bond in the amount of 10% of the | 18 |
| appraised value of the property to be conveyed and (ii) the | 19 |
| submission of completed applications for any and all assistance | 20 |
| being sought from the Department of Commerce and Economic | 21 |
| Opportunity, the Illinois Finance Authority, and any other | 22 |
| federal, State, or local government agencies; and be it further | 23 |
| RESOLVED, That conveyance of the agreed upon property shall |
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| be contingent upon the State of Illinois and the Toney Watkins | 2 |
| Company entering into a contract under which the Toney Watkins | 3 |
| Company agrees to pay a sum of money to the State of Illinois | 4 |
| and perform certain activities regarding the remediation and | 5 |
| restoration of the property to be transferred to the State of | 6 |
| Illinois.
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