MEMORANDUM OF UNDERSTANDINGService Agreement • March 12th, 2021
Contract Type FiledMarch 12th, 2021Racine County, Wisconsin (“County”) and Village of Mount Pleasant, Wisconsin (“Mt. Pleasant”) have entered into a Development Agreement for the Foxconn Project dated as of December 1st, 2017 (the "Development Agreement") with SIO International Wisconsin, Inc., FEWI Development Corporation and AFE, Inc. (collectively, "Foxconn"), to implement a transformational and sustainable high-tech manufacturing and technology ecosystem in Mt. Pleasant and the County. As contemplated in the Development Agreement, the Mt. Pleasant Village Board on November 20, 2017 and the Joint Review Board on November 29, 2017 approved a Project Plan for Tax Incremental District No. 5 ("MP TID 5") to finance various infrastructure improvements, including but not limited to, certain infrastructure improvements bringing water service to MP TID 5.