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Marseilles Council OKs Constellation Annexation, Approves $10M Payment and 40‑Year Tax‑Rebate Structure
Summary
After a public hearing with more than a dozen speakers, Marseilles City Council adopted an annexation agreement with Constellation Energy to bring roughly 715 acres into the city, accepting a $10 million payment over five years and tax‑rebate provisions tied to new revenues; both the resolution and accompanying annexation ordinance passed 4–1.
Marseilles — The Marseilles City Council on an Aug. 30 special meeting adopted an annexation agreement with Constellation Energy Generation LLC that brings roughly 715 acres into the city and obligates Constellation to pay $10 million to the city over five years. The council approved the resolution authorizing the agreement and an ordinance annexing the territory, each by a 4–1 vote.
The agreement, summarized by Gregory Smith, outside legal counsel for Constellation, requires Constellation to make scheduled payments totaling $10,000,000 over five years (approximately $3,000,000 in years 1 and 2, $2,000,000 in year 3, and $1,000,000 in years 4 and 5, with deductions in the final two years for property and utility taxes paid). Smith told the hearing that “the $10,000,000 worth of payments by Constellation will be made even if no development occurs on the property.” The annexation term in the agreement is 20 years.
The agreement also establishes a set of tax‑rebate conditions that would return some new revenues to Constellation only after the city reaches revenue thresholds. Under the terms explained by…
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