November 21, 2024
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Peru will vote on development agreement involving ‘new manufacturer,’ GAF Materials LLC

Special council meeting set Thursday

By Derek Barichello
The farm field located just to the south of the Northern White Sand shipping station will be the new location for GAF, a New Jersey based roofing manufacture on Wednesday, April 27, 2022 in Peru. The business will occupy 142 acres off of Plank Road. GAF is North America's largest roofing manufacture with over 3,700 jobs nationwide in 26 locations across the United States.

The farm field located just to the south of the Northern White Sand shipping station will be the new location for GAF, a New Jersey based roofing manufacture on Wednesday, April 27, 2022 in Peru. The business will occupy 142 acres off of Plank Road. GAF is North America's largest roofing manufacture with over 3,700 jobs nationwide in 26 locations across the United States. (Scott Anderson)

A little more than a week after setting up a tax increment financing district for “a new manufacturer,” the Peru City Council has called a special meeting 5 p.m. Thursday, April 28, to vote on a sales and pre-development agreement between the city and the developer.

The agenda lists the city’s agreement will be between Building Materials Manufacturing Corporation, a Delaware company. The city has said not made any announcements about the developer, saying it will reveal who it is at a future meeting. A legal notice published in the NewsTribune notifying residents of the expansion of an enterprise zone identifies the parent company of the development as GAF Materials, LLC. The company identifies itself as a leading roofing shingles and materials manufacturer.

The company has said development 142 acres of recently-annexed land along Interstate 80, west of Plank Road, could not happen without the establishment of a TIF district, which was set into motion last week. The TIF district will be a mechanism for the city to recoup costs on land acquisition, roadways, water and sewer.

Within a TIF, property taxes are frozen and the amount that would be collected from improvements made to the property are utilized for its development.

The city plans to have a TIF district established by the end of June, so the company can break ground shortly after July 4. A public hearing will be conducted 6 p.m. Monday, June 6, to establish the TIF, then the council is expected to finalize it at its Monday, June 20, meeting. A hearing for the enterprise zone expansion will be 11:30 Tuesday, May 10, at Morris Country Club, 2615 W. U.S. 6, Morris.

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The farm field located just to the south of the Northern White Sand shipping station will be the new location for GAF, a New Jersey based roofing manufacture on Wednesday, April 27, 2022 in Peru. The business will occupy 142 acres off of Plank Road. GAF is North America's largest roofing manufacture with over 3,700 jobs nationwide in 26 locations across the United States.

The farm field located just to the south of the Northern White Sand shipping station will be the new location of a new manufacturer in Peru. The business will occupy 142 acres off of Plank Road. A legal notice in the NewsTribune indicated the manufacturer could be GAF, a roofing manufacturer. (Scott Anderson)