City Communications About Project Hawkeye, 2024 Through August 31, 2026

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Mike Drella
SS

From: mayor@BelviderelL.gov

Sent: Monday, July 27, 2026 11:29 AM
To: Conor.Mullady@jll.com
Subject: Accepted: Utility Discussion

Attachments: attachment.ics

---- page 2 ----

Mike Drella
mecenteches SD

jkeck@BelviderelL.gov on behalf of Conor.Mullady@jll.com

From:

Sent: Monday, July 27, 2026 10:31 AM

To: mayor@Belviderell gov; mdrella@BelviderelL.gov
Subject: FW: Utility Discussion

Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
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-----Original Appointment--—-

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, July 27, 2026 10:21 AM

To: Mullady, Conor; Jordan Keck

Subject: Utility Discussion

When: Monday, July 27, 2026 4:00 PM-4:30 PM (UTC-06:00) Central Time (US & Canada).
Where: Microsoft Teams Meeting

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Microsoft Teams meeting

Join:
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Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, July 27, 2026 10:21 AM
To: jkeck@belvidereil.gov

Subject: Utility Discussion

Attachments: attachment.ics

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Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Tuesday, June 30, 2026 4:25 PM
To: mayor@belvidereil.gov
Subject: Zoom meeting

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David Halligan is inviting you to a scheduled Zoom meeting.

Join Zoom Meeting
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sS7wMAw

---- page 7 ----

Mike Drella

David Halligan <dhalligan@datawattenergy.com>

From:

Sent: Tuesday, June 30, 2026 4:20 PM

To: mayor@belvidereil.gov

Subject: Please join Zoom meeting in progress

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David Halligan

Datawatt

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com

---- page 9 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Tuesday, June 30, 2026 4:16 PM

To: mayor@belvidereil.gov

Subject: Zoom

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sender and know the content is safe.

David Halligan

Datawatt

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com

---- page 10 ----

Mike Drella

Andrew Parsons <aparsons@novainfra.com>

From:

Sent: Thursday, June 18, 2026 12:14 PM

To: sturnipseed@belvidereil.gov

Ce: David Halligan; Stephen Denis; Donna Toth
Subject: Wire Pursuant to Reimbursement Agreement
Attachments: Reimbursement Agreement - Fully Executed.pdf

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sender and know the content is safe.

Hi Sarah,

lam reaching out from NOVA Infrasructure on behalf of Datawatt Hyperscale concerning a payment due to
the City under the attached reimbursement agreement dated May 26",
We have a wire ready to go in the amount of $150,015, just need to verbally confirm wire instructions with

you prior to releasing it.

l understand from your office manager that the City’s auditors are onsite today — is it possible for us to find 2
minutes to connect this afternoon?

Thanks,
Andrew

Andrew Parsons
NOVA Infrastructure | www.novainfra.com
400 Madison Avenue, Suite 3A, New York, NY 10017

+1.781.570.9184

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and notify the sender immediately by replying to this email.

This communication is for informational purposes only and should not be regarded as an offer to sell or as a solicitation
of an offer to purchase any interest in any investment vehicles managed by NOVA Infrastructure Management, LLC
(“NOVA”), an official confirmation of any transaction, or an official statement of NOVA or any of its affiliates.

This message may contain certain “forward-looking statements,” which may include the projected success of NOVA
investments or funds. There is no guarantee that the success of an investment will be achieved. Statements, estimates
and projections set forth herein are based on various factors and assumptions made by NOVA which NOVA believes to

1

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be reasonable. These may or may not prove to be correct and therefore actual results may differ materially from
projected results. All information is subject to change without notice. Past performance Is not indicative of future
results.

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AGREEMENT FOR REVIEW- REIMBURSEMENT OF
CITY EXPENSES AND PLEDGE AGREEMENT

Agreement made this, abt bay of May 2026 (“Agreement”) between the City of Belvidere,
Illinois, a municipal corporation of the State of Illinois, organized under the laws of the State of
Illinois (“City”) and Datawatt Hyperscale LLC, a Delaware Limited Liability company having its
office at 205 South Peoria Street Unit 1716, Chicago IL 60607 (“Developer”).

RECITALS

A, The Developer proposes to develop the real estate currently lying outside the corporate
limits of the City and referred to as Project Hawkeye (the “Project”), for which the Developer
will or has submitted a proposal or proposals thereof to the City, and for which Project the
Developer will be seeking an Annexation, Pre-Annexation and /or a Development Agreement (the

Agreement); and

B. The City is willing to draft, review, revise and propose language for, and engage in good
faith negotiations with Developer, concerning the development or proposals for the Project and
the Agreement as well as post Agreement City required administration of the Project, provided
Developer reimburses City for its City Expenses, as herein defined, incurred by the City in so
doing from and after April 1, 2026, and as may also be required by City’s Municipal Code.

In consideration of the covenants and agreements herein contained, the sufficiency of
which is acknowledged, it is mutually agreed between the City and the Developer, as follows:

L Upon demand from time to time prior to the approval by the Corporate Authorities
of the Agreement for the Project, the Developer shall reimburse the City for the
following expenses incurred in City’s preparation, negotiation and review from and
after April 1, 2026 that are related to the Project and /or the Agreement

(collectively, the “City Expenses”:

1. The costs incurred by the City for outside engineering services.

2. All attorneys’ fees incurred by the City.

3 All outside (not City employees) planning, financing, financial,
development, environmental and/or geotechnical studies, right of way and
property data and any consultants therefore, or other consultants; and

4, Miscellaneous City out of pocket expenses.

a. The effective date of this Agreement (the “Effective Date’) is the date that the
last of the City and the Developer has executed this Agreement:

I. ‘Upon demand by City, Developer shall from time to time following the approval

by the Corporate Authorities of the Agreement (the “Approved Project”), promptly
reimburse the City for all reasonable City Expenses incurred by City in the

1jPage

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administration of the Approved Project including and following the platting
approvals. Such reimbursement shall include engineering expenses, attorneys’ fees,
environmental and/or geotechnical studies, right of way and property data,
consultants' fees, and out of pocket expenses involving various matters such as, but
not limited to, review of the Approved Project, proposals and documents,
preparation and publication, if any, of all notices, resolutions, ordinances and other
documents required under any such arrangement, recording fees, and the review,
negotiation and/or preparation of declarations, covenants, easements, notes, bonds,
letters of credit and escrow agreements or any other documents attributable to the
Approved Project. The Developer’s obligation pursuant to this paragraph IIT shall
not extend to reimbursement of City’s expenses incurred for work or services
provided to City following the issuance of the first certificate of occupancy for the
completion of construction of the initial building consisting of at least 100,000
square feet on the project site unless the City’s expenses are in relation to any of
the following: final plat approval including any documentation or requirement
relating to final plating; required by City Code; or provided for in subsequent
agreement with the Developer.

The City Expenses incurred in the administration of the Project process, the Project,
the Approved Project or any subsequent agreement shall be evidenced to the
Developer by an itemized statement of the City, and in the event that the services
for which the City Expenses were incurred were performed by other than City’s
full-time staff personnel, as 1o those amounts of the City Expenses, shall be
evidenced by the billings therefore and may be further confirmed by the Developer,
at its option, from additional documents designated from time to time by the
Developer, relevant to determining the City Expenses.

In the event the City institutes legal proceedings against the Developer for violation of this
Agreement and secures a judgment in its favor, the court having jurisdiction of the matter
shall determine and include in its judgment against the Developer that it has jurisdiction
over, all expenses of such legal proceedings incurred by City, including but not limited to
the court costs and reasonable attorneys’ fees, witnesses’ fees, etc. incurred by the City in
connection with any such proceedings, Developer may, in its sole discretion, appeal any
judgment rendered in favor of the City against them or any one of them, and shall pay to
the City all the expenses of those appellate legal proceedings or any further appeal thereof,
only after the entry of a final, non- appealable order in favor of the City.

To secure Developer’s performance of this Agreement, but not as a limitation to the
amount of expenses to be reimbursed, Developer’ shall deposit as a pledge with City
$150,000 in cash (the Pledge). Said Pledge amount shall be available for City to draw upon
after 35 days have expired from the date Developer receives a reimbursement billing from
City, and said billing is unpaid. The balance of the Pledge, shall be returned to Developer
within sixty (60) days after issuance of the first certificate of occupancy as set forth in
Section III above or a denial by the City of the requested annexation or annexation /
redevelopment agreement and payment by Developer of all City Expenses incurred under

this Agreement.
This Agreement does not obligate City to continue the process to reach the goal of

2|Page

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the Developer if the City in its sole opinion determines that it no longer desires (for
whatever reason or no reason) to continue the process. This Agreement is entered
into by City for the convenience of Developer to enable the City to review and
process Developer’s proposal(s) for the Project. The City agrees to make a good
faith effort to review Developer’s project in connection with this agreement.

In the event of a bankruptcy (whether voluntary or involuntary), of any LLC,
corporation or any other entity, which is or becomes the Developer of the Project,
the undersigned Developer agrees to reimburse the City for any cost or expense
including City’s attomney’s fees in participating in such Bankruptcy proceedings or
pursuing any actions or defenses concerning such insolvency.

Any notice, request, demand, instruction or other document to be given or served
hereunder shall be in writing and shall be delivered personally, or sent by a
nationally recognized overnight express courier, and shall be addressed to the
parties at their respective addresses set forth below, and the same shall be effective
upon receipt if delivered personally, or three (3) business day after deposit with a
nationally recognized overnight express courier. Notices may be sent by the City’s
attorney or by Developer’s attomey, on the City’s or the Developer’s behalf, as
applicable, and such notices sent by the City’s attomey or Developer's attorney, as
applicable, shall be effective notices as if sent directly by the City or the Developer,

as applicable.

If to City: City Clerk
401 Whitney Blvd.
Belvidere, IL 61008
cityclerk@belvidereil.gov

With a copy to: City Attorney
401 Whitney Blvd.
Belvidere, IL 61008
cityattomey@belvidereil.gov

If to the Developer: Datawatt Hyperscale LLC
205 South Peoria St,

—_—_______Auite 1216

ee r IL 60607
dhalligan@datawattenergy.com

With a copy to: Liston & ilis, Pl

Chicago, TL 60606

3|Page

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th jicago.com

VI. This Agreement may be executed in two or more counterparts and each of
such counterparts, for all purposes, sball be deemed to be an original, but all of such
counterparts together shall constitute but one and the same instrument, binding upon all
parties hereto, notwithstanding that all of such parties may not have executed the same

counterpart.

REMAINDER OF PAGE INTENTIONALLY BLANK

4|Page

---- page 16 ----

IN WITNESS WHEREOF, the parties have executed this Agreement at Belvidere, Iinois on the
date set forth above.

CITY OF BELVIDERE /
an Illinois municipal corporation

Z SO ss a

Clinton Morris Mayor,

Datawatt Hyperseale LLC
a Deleware limited liability company

By: David a igan (Way 21, 2026 11:15:14 CDT)

David Halligan
Print Name
Manager

---- page 17 ----

Mike Drella
EE a

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Monday, June 8, 2026 1:38 PM

To: Mike Drella

Ce: Sarah Turnipseed

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Thank you, Mike. I will share this with David.

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

a wChica 1m

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
ip Follow on LinkedIn

From: Mike Drella <mdrella@Belviderell.gov>

Sent: Monday, June 8, 2026 1:34 PM

To: Caroline Tait <ctait @Itlawchicago.com>

Cc: Sarah Turnipseed <sturnipseed@Belviderell.gov>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Below is the information for wiring the funds. 1am copying our finance director, Sarah Turnipseed, in case you have
questions.

Midland States Bank
600 S. State Street
Belvidere, IL 61008

---- page 18 ----

Acctit 7.
Routingh

Wiring Fee

Mike Drella

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Tuesday, May 26, 2026 12:26 PM
To: Mike Drella <mdrella @BelviderelL.gov>

Ce: Clint Morris <mayor@Belviderell.gov>; ‘Bernard Paul' <bernardzpaul@gmail.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Received. Thank you, Mike.

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

From: Mike Drella <mdrella@BelviderelL.goy>
Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Talt <ctait @Itlawchicago.com>
Ce: Clint Morris <mayor@BelviderelL.gov>; ‘Bernard Paul’ <bernardzpaul@pmail.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is the fully executed agreement.

---- page 19 ----

Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella <mdrella @BelviderelL.gov>
Cc: David Halligan <dhalligan @datawattenergy.com>; Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis

<ptsantilis @itlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

2O.com
www.LTLaw Chicago.com

*Ranked #1 by the Leading Lawyers Network

{y Follow on Twitter
ig Follow on LinkedIg

---- page 20 ----

Mike Drella
Ee

From: mdrella@Belviderell.gov

Sent: Monday, June 8, 2026 1:34 PM

To: ctait@Itlawchicago.com

Ce: sturnipseed@Belviderell.gov

Subject: RE: Belvidere Reimbursement Agreement
Caroline —

Below is the information for wiring the funds. ! am copying our finance director, Sarah Turnipseed, in case you have
questions.

Midland States Bank
600 S. State Street
Belvidere, IL 61008

Acct# 7
Routing

Wiring F

Mike Drella

From: Caroline Tait <ctait@Itlawchicago.com>

Sent: Tuesday, May 26, 2026 12:26 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: Clint Morris <mayor@BelvidereiL.gov>; 'Bernard Paul’ <bernardzpaul@gmail.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Received. Thank you, Mike.

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

*Ranked #1 by the Leading Lawyers Network

4

---- page 21 ----

( Follow on Twitter
fy Follow on LinkedIn

From: Mike Drella <mdrella @BelviderelL. gov>

Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Ce: Clint Morris <mayor @BelviderelL.gov>; ‘Bernard Paul’ <bernardzpaul@gmail.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is the fully executed agreement.

Mike

Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Dreila <mdrell IviderelL.gov>

Cc: David Halligan <dhalligan@datawattenergy.com>; Mullady, Conor <conor.mullady@)ll.com>; Peter Tsantilis
<ptsantilis @Itlawchicago.com>; Brian Liston <bliston @Itlawchicago.corn>

Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

*Ranked #1 by the Leading Lawyers Network

---- page 22 ----

(y Follow on Twitter
bp Follow on LinkedIn

---- page 23 ----

Mike Drella
Freeads se EES

From: mdrella@BelviderelL.gov

Sent: Tuesday, June 2, 2026 11:04 AM

To: ctait@Itlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement

She wont be back until Thursday.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Tuesday, June 2, 2026 11:01 AM

To: Mike Drella <mdrella@BelviderelL.gov>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Hope you had a nice weekend. Is the finance director back in town?
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
®) 312.580.1595 | (F) 312.580.1592

hic: 01

*Ranked #1 by the Leading Lawyers Network

(y Follow on. Twitter
te Eollow on LinkedIn

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Tuesday, May 26, 2026 4:18 PM

---- page 24 ----

To: Caroline Tait <ctait @ltlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

The finance director is out of town. | will get instructions to David as quickly as we can.
Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Tuesday, May 26, 2026 2:46 PM

To: Mike Drella <mdrella @Belviderell.pov>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
How would the Village like to handle the deposit? David can be contacted directly for wire instructions if that works.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
() 312.580.1595 | (F) 312.580.1592

@LTLawChicago.com

wunw.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

fp Follow on Linkeddla

From: Mike Dretla <mdrella@BelviderelL.gov>
Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Tait <ctait @ltlewchicego,.com>
Ce: Clint Morris <mayor@Belviderell.gov>; ‘Bernard Paul’ <pernardzpaul @gmail.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Attached is the fully executed agreement.

---- page 25 ----

Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella <mdrella @BelviderelL.gov>
Cc: David Halligan <dhalligan @datawattenergy.com>; Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis
<ptsantilis @ltlawchicago.com>; Brian Liston <bliston @Itlawchicago.com>

Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
() 312.580.1595 | (F) 312.580.1592

(ai, rago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
to Follow on LinkedIn

---- page 26 ----

Mike Drella
SY

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Tuesday, June 2, 2026 11:01 AM

To: Mike Drella

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Hope you had a nice weekend. Is the finance director back in town?

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
clait@LTLawChicayo.com
wow.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
tp Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, May 26, 2026 4:18 PM

To: Caroline Tait <ctait@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

The finance director is out of town. | will get instructions to David as quickly as we can.
Mike

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Tuesday, May 26, 2026 2:46 PM

---- page 27 ----

To: Mike Drella <mdrella @Belviderell.ov>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
How would the Village like to handle the deposit? David can be contacted directly for wire instructions if that works.

Thank you,

Caroline Tait | Associate Attorney
Liston & T'santilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTawChicago.com
LT Lay icago.co}

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
tn Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Ce: Clint Morris <mayor@Belviderell. gov>; ‘Bernard Paul’ <bernardzpaul @gmait.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —
Attached is the fully executed agreement.
Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella <mdrelia @BelviderelL.gov>
Ce: David Halligan <dhalligan @datawattenerpy.com>; Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis

<ptsantilis @Itlawchicago.com>; Brian Liston <bliston @ttlawchicago.com>
Subject: Belvidere Reimbursement Agreement

---- page 28 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IT. 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

ly Follow on Twitter
fa Follow on LinkedIn

---- page 29 ----

Mike Drella
ee a

mdrella@BelviderelL.gov

From:

Sent: Tuesday, May 26, 2026 4:18 PM

To: ctait@ltlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement

The finance director is out of town. | will get instructions to David as quickly as we can.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Tuesday, May 26, 2026 2:46 PM

To: Mike Drella <mdrella@Belviderell.gov>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
How would the Village like to handle the deposit? David can be contacted directly for wire instructions if that works.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, 17. 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@/LT'LawChicajzo.com
swww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

fo Follow on LinkedIn

From: Mike Drella <mdreila@Belviderell.gov>
Sent: Tuesday, May 26, 2026 12:14 PM
To: Caroline Tait <ctait @ltlawchicago.com>

---- page 30 ----

Cc: Clint Morris <mayor @BelvidereiL.gov>; ‘Bernard Paul' <bernardzpau!@email.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is the fully executed agreement.
Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Dreila <mdrella @BelviderelL.gov>

Cc: David Halligan <dhalligan @datawattenergy.com>; Mullady, Conor <conor.mullady @ill.com>; Peter Tsantilis
<ptsantilis@Itlawchicago.com>; Brian Liston <bliston @ltlawchicago.com>

Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

to Follow on LinkedIn

---- page 31 ----

Mike Drella
SE

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Tuesday, May 26, 2026 2:46 PM

To: Mike Drella

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
How would the Village like to handle the deposit? David can be contacted directly for wire instructions if that works.
Thank you,

Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(@) 312.580.1595 | (F) 312.580.1592

ctait(ct awChicapo.com

wounw.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Hollow on Twitter
fa Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Tait <ctait@Itlawchicago.com>

Cc: Clint Morris <mayor@BelviderelL.gov>; ‘Bernard Paul’ <bernardzpaul@gmail.com>

Subject: RE: Belvidere Reimbursement Agreement
Caroline -

Attached is the fully executed agreement.

Mike

---- page 32 ----

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella <mdrella @BelviderelL.gov>
Cc: David Halligan <dhalligan@datawattenergy.com>; Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis

<ptsantilis @ltlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

*Ranked #1 by the Leading Lawyers Network

---- page 33 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Tuesday, May 26, 2026 12:26 PM

To: Mike Drella

Ce: Clint Morris; ‘Bernard Paul’

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Received. Thank you, Mike.

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

ty Follow on Twitter
te Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, May 26, 2026 12:14 PM

To: Caroline Tait <ctait@Itlawchicago.com>
Cc: Clint Morris <mayor@BelviderelL.gov>; ‘Bernard Paul’ <bernardzpaul@gmail.com>

Subject: RE: Belvidere Reimbursement Agreement
Caroline —

Attached is the fully executed agreement.

Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 21, 2026 11:26 AM

---- page 34 ----

To: Mike Drella <mdrella @BelvideretL.pov>
Ce: David Halligan <dhalligan @datawattenergy.com>; Mullady, Conor <conor.mullady @)ll.com>; Peter Tsantilis

<ptsantilis@Itlawchicago.com>; Brian Liston <bliston @Itlawchicago.com>

Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicapo.com
www-LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter

Jp Follow on LinkedIn

---- page 35 ----

Mike Drella
SS

From: mdrella@BelviderelL.gov

Sent: Tuesday, May 26, 2026 12:14 PM

To: ctait@Itlawchicago.com

ca mayor@BelviderelL.gov, bernardzpaul@gmail.com
Subject: RE: Belvidere Reimbursement Agreement
Attachments: SKM_C451i26052611450.pdf

Caroline —

Attached is the fully executed agreement.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>

Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella <mdrella@Belviderell.gov>

Ce: David Halligan <dhalligan@datawattenergy.com>; Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis

<ptsantilis@Itlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LILawChicas
swww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y follow-on Twitter
I Follow on Linkedin

---- page 36 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Thursday, May 21, 2026 11:26 AM

To: Mike Drella

Ce: David Halligan; Mullady, Conor; Peter Tsantilis; Brian Liston
Subject: Belvidere Reimbursement Agreement

Attachments: Belvidere Reimbursement Agreement - Developer Signed.pdf

This message originated from an External Source. DO NOT click links ar open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Attached is the Developer signed Reimbursement Agreement. Once you have the countersigned version, please share that.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. { 200 S. Wacker, Suite 820| Chicago, IL 60606
@®) 312.580.1595 | ® 312.580.1592

@
*Ranked #1 by the Leading Lawyers Network

(y Hollow on Twitter
fp Follow on LinkedIn

---- page 37 ----

Mike Drella
Cn ee

From:
Sent:
To:
Subject:

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 21, 2026 9:46 AM

To: Caroline Tait <ctait@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

| tweaked your language and used the last version | sent you. We understand the need to ensure repayment of the
$150,000 upon completion or in the unlikely event the project is denied by the City. I think | adequately covered that
contingency. | inserted language to cover any unpaid City Costs incurred prior to completion or failure to approve.

If it is acceptable, please have it executed by your appropriate principals and forward the executed agreement for the
Mayor's signature.

Thanks
Mike

From: Caroline Tait <ctait@ltlawchicago.com>
Sent: Wednesday, May 20, 2026 3:32 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: Peter Tsantilis <ptsantilis@Itlawchicapo.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click finks or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Please see attached. From my conversation with David and Conor, this should align with the terms discussed.
Please let me know if I can send for signature.

Thank you,

Caroline Tait | Associate Attorney

---- page 38 ----

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(@) 312.580.1595 | (F) 312.580.1592
ctait(a LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

{y Follow on Twitter
ie Follow on LinkedIn

From: Caroline Tait

Sent: Wednesday, May 20, 2026 1:10 PM

To: ‘Mike Drella' <mdreila @BelviderelL.pov>

Ce: Peter Tsantilis <ptsantilis@Itiawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for checking in. We plan to speak with David today or tomorrow and will have an update to you after that.
Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820} Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicage.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

( Follow.on Twitter
in Follow on LinkedIn

---- page 39 ----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, May 20, 2026 12:23 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

| was ina meeting this morning regarding the above with your client regarding project Hawkeye. | assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. 1am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

in the loop. Please feel free to call with any questions or concerns.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drella <mdretla@BelviderelL.gov>
Ce: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,
but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.
There were multiples “Agreements” referenced, so that was also modified.

.
The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section II: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.

Thank you,
Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@:LTLawChicago.com

woww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 40 ----

(y Follow on Twitter

Ip Follow on LinkedIn

From: Mike Drella <mdrelia@Belviderell.gov>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait @Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait@Itlawchicago,.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <marella@Belvidere|t.gov>
Ce: Peter Tsantilis <ptsantilis@!tlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>; Mullady, Conor

<conor.mullady@ll.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicago.com
woww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 41 ----

ty follow on Twitter
fo Follow on LinkedIn

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella' <mdreila Li ov>

Cc: Peter Tsantilis <ptsantilis@ltlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>; 'Mullady, Conor’
<conor.mullady @ jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

Thope you had a nice weekend, Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicago.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
tp Follow on LinkedIn

---- page 42 ----

From: Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: 'Mike Drella' <mdrella@Belviderell.gov>
Cc: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>; Mullady, Conor

<conor.mullady @jil.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We'd like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

@) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicapo.com

*Ranked #1 by the Leading Lawyers Netwotk

(y Follow on Twitter
ip Follow on LinkedIn

From: Mike Drella <mdrella@BelvidereiL.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?
Mike
Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait@ltlawchicago.com> wrote:

---- page 43 ----

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicayo.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@Belvidereil.gov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>
Cc: Mullady, Conor <conor.mullady @ill.com>; Peter Tsantilis <ptsantilis@|tlawchicago.com>; Brian

Liston <bliston@ltlawchicage.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drella <mdrella@BelviderelL.gov>

---- page 44 ----

Ce: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian
Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
i) icage

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow.on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Ce: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston@itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement,

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period

from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the

Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
8

---- page 45 ----

year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wackcr, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Fellow on Twitter
<image003.png> follow on LinkedIn

---- page 46 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Thursday, May 21, 2026 11:07 AM

To: Mike Drella

Subject: RE: Belvidere Reimbursement Agreement

Attachments: Belvidere Reimbursement Agreement - Execution Copy.pdf

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Thanks Mike. This is fine, I will send to David for signature now.

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Netwotk

(y Follow on Twitter
fy Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 21, 2026 9:46 AM

To: Caroline Tait <ctait@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

| tweaked your language and used the last version | sent you. We understand the need to ensure repayment of the
$150,000 upon completion or in the unlikely event the project is denied by the City. | think | adequately covered that
contingency. | inserted language to cover any unpaid City Costs incurred prior to completion or failure to approve.

If it is acceptable, please have it executed by your appropriate principals and forward the executed agreement for the
Mayor's signature.

---- page 47 ----

Thanks
Mike

From: Caroline Tait <ctait@itlawchicago.com>
Sent: Wednesday, May 20, 2026 3:32 PM

To: Mike Drella <mdrella @BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis@Ith i com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Please see attached. From my conversation with David and Conor, this should align with the terms discussed.
Please let me know if I can send for signature.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(a) awChicago.com

*Ranked #1 by the Leading Lawyers Network

From: Caroline Tait
Sent: Wednesday, May 20, 2026 1:10 PM

To: ‘Mike Drella' <mdrella@BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis@ltlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for checking in. We plan to speak with David today or tomorrow and will have an update to you after that.

2

---- page 48 ----

Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P-C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicago.com

ww Chi Ket

*Ranked #1 by the Leading Lawyers Network

ly Follow on Twitter

From: Mike Drella <mdrella@BelvidereiL.gov>
Sent: Wednesday, May 20, 2026 12:23 PM

To: Caroline Tait <ctait @ltlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

| was in a meeting this morning regarding the above with your client regarding project Hawkeye. | assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. 1am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

inthe loop. Please feel free to call with any questions or concerns.
Mike

From: Caroline Tait <ctait @|tlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drella <mdretla@BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis@Itl: m>; Brian Liston <bliston@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

---- page 49 ----

It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,
but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be retumed to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.

« There were multiples “Agreements” referenced, so that was also modified.
© The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section III: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,

Caroline Tait { Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820{ Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

ie we on Li

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Monday, May 11, 2026 2:44 PM
To: Caroline Tait <ctait @ltlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait@ltlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Ce: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

4

---- page 50 ----

<conor.mullady@jll.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTLawChicayo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

From: Caroline Tait
Sent: Monday, May 11, 2026 10:59 a
To: ‘Mike Drella' <mdrella@Belviderell.gov>

Cc: Peter Tsantilis <ptsantilis fone com>; Jamal Aziz <jaziz@itlawchicago.com>; ‘Mullady, Conor’

<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Good moming Mike,

hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attomey

---- page 51 ----

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicapo.com

#Ranked #1 by the Leading Lawyers Network

(» Follow on Twitter

From: Caroline Tait

Sent: Friday, May 8, 2026 2:04 PM
To: 'Mike Drella' <mdrella @Belvidere' Vv
Cc: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>; Mullady, Conor

<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday aftemoon.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
Chait! Q). awChicayo.com

www. LTLawChicago.com

*Ranked #1 by the Leading Lawyers Netwotk

(y Follow on Twitter
Ip Follow on LinkedIn

---- page 52 ----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.
Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network
<image001.jpg>
<image002.png> Lellow on Twitter
<image003.png> Follow on Linkedla

From: Mike Drella <mdrella@Belviderell.goy>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ciait @Itlawchi com>

Cc: Mullady, Conor <conor.mullady@ijl.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

7

---- page 53 ----

Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, !L 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drella <mdrella@BelviderelL.gov>

Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@!tlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?

Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
in) “hicays
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> follow on LinkedIn

---- page 54 ----

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.
This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur afler April 1, 2027, City shall be permitted three (3) one-

year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.

Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
chai ‘LawChicazo.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 55 ----

Mike Drella

mdrella@BelviderelL.gov

From:

Sent: Thursday, May 21, 2026 9:46 AM

To: ctait@Itlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement

Attachments: SKM_C451i26052109310.pdf; Draft Belvidere Reimbursement Agreement Modified may
21,docx

Caroline —

| tweaked your language and used the last version I sent you. We understand the need to ensure repayment of the
$150,000 upon completion or in the unlikely event the project is denied by the City. | think | adequately covered that
contingency. | inserted language to cover any unpaid City Costs incurred prior to completion or failure to approve.

If it is acceptable, please have it executed by your appropriate principals and forward the executed agreement for the
Mayor's signature.

Thanks
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Wednesday, May 20, 2026 3:32 PM

To: Mike Drella <mdrella@BelvidereiL.gov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Please see attached. From my conversation with David and Conor, this should align with the terms discussed,

Please let me know if I can send for signature.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicayo.com
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

---- page 56 ----

& Follow on Twitter

In Follow on LinkedIn

From: Caroline Tait

Sent: Wednesday, May 20, 2026 1:10 PM

To: 'Mike Drella' <mdrella@BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for checking in. We plan to speak with David today or tomorrow and will have an update to you after that.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, I. 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicago.com
swww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y follow on Twitter
in Follow on LinkedIn
From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Wednesday, May 20, 2026 12:23 PM
To: Caroline Tait <ctait @itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

---- page 57 ----

Caroline —

| was ina meeting this morning regarding the above with your client regarding project Hawkeye. ! assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. | am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

inthe loop. Please feel free to call with any questions or concerns.
Mike

From: Caroline Tait <ctait @Itlewchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Ce: Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian Liston <bliston@itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,

but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.

© There were multiples “Agreements” referenced, so that was also modified.
The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section II]: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL, 60606

(P) 312.580.1595 | (F) 312.580.1592
www. LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 58 ----

(y Follow on Twitter
b Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.pov>

Sent: Monday, May 11, 2026 2:44 PM
To: Caroline Tait <ctait @Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady @jll.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attomey
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | () 312.580.1592
ctait(@LTLawChicapo.com
wow. LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 59 ----

(y Follow on Twitter

From: Caroline Tait
Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella’ <madrella @BelvidereiL.gov>
Cc: Peter Tsantilis <ptsantilis @itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; 'Mullady, Conor’

<conor.mullady @ill.com>

Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

Thope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

sew LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(e Hollow on Twitter

---- page 60 ----

From: Caroline Tait

Sent: Friday, May 8, 2026 2:04 PM

To: 'Mike Drella' <mdrella@BelviderelL.gov>

Ce: Peter Tsantilis <ptsantilis @ltlewchicago.com>; Jamal Aziz <jaziz @Itlawchicago.com>; Mullady, Conor

<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.
Thank you,
Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
etait LTT awChicazo.com
icago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
te Follow on LinkedIn

From: Mike Drella <mdrelia@Belviderell.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait@Itlawchicago.com>

Subject: Re: Belvidere Reimbursement Agreement
What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @itlawchicago.com> wrote:

---- page 61 ----

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
fe

www. i com

*Ranked #1 by the Leading Lawyers Network

<image001,jpg>

<image002.png> Follow on Twitter
<image003.png> fofow on Linkedin

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @Itlawchicago.com>
Cc: Mullady, Conor <conor.mullady @jll,com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Hi. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drella < iE [vi -2OV>

---- page 62 ----

Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@|tlawchicago.com>; Brian
Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@. yChicago.com

wow.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Caroline Tait

Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov

Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@ltlawchicago.com>; Brian

Liston <bli Itlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period

from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the

Project or the Approved Project occur afier April 1, 2027, City shall be permitted three (3) one-
8

---- page 63 ----

year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

@ whi n

www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Fallow en Twitter
<image003.png> Follow on LinkedIn

---- page 64 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Wednesday, May 20, 2026 3:32 PM

To: Mike Drella

Ce: Peter Tsantilis

Subject: RE: Belvidere Reimbursement Agreement

Attachments: Belvidere Reimbursement Agreement Modified - 05.20.26 Clean.pdf; Belvidere

Reimbursement Agreement Modified - 05.20.26Redline.docx

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Please see attached. From my conversation with David and Conor, this should align with the terms discussed.
Please let me know if I can send for signature.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
) 312.580.1595 | (F) 312.580.1592

*Ranked #1 by the Leading Lawyers Network

{y Follow on Twitter
ty Hollow on LinkedIn

From: Caroline Tait

Sent: Wednesday, May 20, 2026 1:10 PM

To: 'Mike Drella' <mdrella@Belvidere!L.gov>

Cc; Peter Tsantilis <ptsantilis@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

---- page 65 ----

Thank you for checking in. We plan to speak with David today or tomorrow and will have an update to you after that.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicapo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyets Network

ty Follow on Twitter
ip Follow on LinkedIn

From: Mike Drella <mdrella @BelviderelL.pov>
Sent: Wednesday, May 20, 2026 12:23 PM

To: Caroline Tait <ctait @ltlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

I was in a meeting this morning regarding the above with your client regarding project Hawkeye. | assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. | am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

inthe loop. Please feel free to call with any questions or concerns.
Mike

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Dreila <mdrella @BelviderelL.pov>
Cc: Peter Tsantilis <pisantilis@Itlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

---- page 66 ----

It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,
but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be retumed to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I; as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.

¢ There were multiples “Agreements” referenced, so that was also modified.
e The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section III: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter

From: Mike Drella <mdrella@Belvidere|L.goy>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait @itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait @itlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

3

---- page 67 ----

<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820} Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

“« icapo,com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

& on Twit
fy follow on LinkedIn

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella' <mdrella @Belviderell.ov>

Cc: Peter Tsantilis <ptsantitis @ith ici >; Jamal Aziz <jaziz@ttlawchicago.com>; 'Mullady, Conor’

<conor.mullady@jil.com>

Subject: RE: Belvidere Reimbursement Agreement

Good moming Mike,

J hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attomey

---- page 68 ----

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL. 60606
(P) 312.580.1595 | ) 312.580.1592

ctait(aiLTLawChicayo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y follow on Twitter
ty Follow on LinkedIn

From: Caroline Tait

Sent: Friday, May 8, 2026 2:04 PM

To: ‘Mike Drella' <mdrella@Belviderell.gov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor
<conor.mulla jil.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We’d like to discuss the latest version of the RA you sent, There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL. 60606
(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y follow on Twitter
iy follow on LinkedIn

---- page 69 ----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attomey
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicago.com

www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>
Ce: Mullady, Conor <conor.mullady@jll,com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

6

---- page 70 ----

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz @ltlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella @Belviderell.gov>
Ce: Mullady, Conor <conor.mullady @ill.com>; Peter Tsantilis <ptsantilis @ltlawchicago.com>, Brian

Liston <bliston@ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchi >

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & 'Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, LL 60606

(P) 312.580.1595 | (F) 312.580.1592
i@L.TLawChi

www. LTLawChicago.com
*Ranked #1 by the Leading Lawyets Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 71 ----

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Cc: Mullady, Conor <conor.mullady@/jlI_com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@ltlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

it@LTLawChicavo.com

woww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Netwotk

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 72 ----

Mike Drella
ee

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Wednesday, May 20, 2026 1:10 PM

To: Mike Drella

Ce: Peter Tsantilis

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Thank you for checking in. We plan to speak with David today or tomorrow and will have an update to you after that,

Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(@) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

ty follow on Twitter
te follow on Linkedin

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Wednesday, May 20, 2026 12:23 PM

To: Caroline Tait <ctait@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

' was in a meeting this morning regarding the above with your client regarding project Hawkeye. | assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. 1am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

in the loop. Please feel free to call with any questions or concerns.
1

---- page 73 ----

Mike

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Brian Liston <bliston@ltlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,
but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him. He will agree to replenish funds as needed once the balance gets below a certain amount.
‘There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.
* There were multiples “Agreements” referenced, so that was also modified.
© The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section II: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacket, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

www. LTLawChicago.com
*Ranked #71 by the Leading Lawyers Network

(y Follow on Twitter
ty Follow on LinkedIn

---- page 74 ----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady @jll.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked 7#1 by the Leading Lawyers Network

(y Follow on Twitter
ly Follow on LinkedIn

---- page 75 ----

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: ‘Mike Drella' <mdrella @Belviderell.gov>

Cc: Peter Tsantilis <ptsantilis @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicage.com>; ‘Mullady, Conor’

<conor.mullady@)li.com>

Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

Thope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
() 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

fp Follow on LinkedIn

From: Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: ‘Mike Drella’ <mdrella@BelviderelL.gov>
Ce: Peter Tsantilis <ptsantilis@tlawchicago.com>; Jamal Aziz <jaziz@Itlawchicage.com>; Mullady, Conor

<conor.mullady@jl.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

---- page 76 ----

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@:LTLawChicayo.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
fo Follow on LinkedIn

From: Mike Drella <mdrella@Belviderell gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @ltlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait@Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe,

Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

@

---- page 77 ----

*Ranked 771 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella @BelvidereiL.gov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>
Ce: Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian
Liston <bliston @Itlawchicage.com>; Jamal Aziz <iaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Hl. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Bivd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drefla <mdrella @BelviderelL.gov>

Cc: Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.
Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
6

---- page 78 ----

(P) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicayo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> follow on LinkedIn

From: Caroline Tait

Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov

Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian
Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 79 ----

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Fellow: on LinkedIn

---- page 80 ----

Mike Drella

From: mdrella@Belviderell.gov

Sent: Wednesday, May 20, 2026 12:23 PM

To: ctait@Itlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement
Caroline -

| was in a meeting this morning regarding the above with your client regarding project Hawkeye. | assumed you or Peter
would have been involved. The Mayor and your client discussed the draft reimbursement agreement and the City’s
position. | believe that your client will be reaching out to you or Peter today about those discussions. | am always leery
about meeting with a represented party outside the presence of their counsel. As such, | wanted to make sure you were

in the loop. Please feel free to call with any questions or concerns.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drella <mdrella@Belviderell.gov>
Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston <bliston@|tlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,

but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him, He wil] agrec to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.
© There were multiples “Agreements” referenced, so that was also modified.
The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section III: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

---- page 81 ----

ctait@,LTLawChicayo.com
LT! i CO!

*Ranked #1 by the Leading Lawyers Network

(y Fello' Twitter
Ip Fallow on Linkedin

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait @itlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

ike Drella <mdrella @Belviderell.gov>

Cc: Peter Tsantilis <ptsantilis @Itlawchicago.com>; Jamal Aziz <jaziz@I|tlawchicago.com>; Mullady, Conor

<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; 1 have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820{ Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@].TLawChicazo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 82 ----

(y Follow on Twitter
in Follow on Linkedin

From: Caroline Tait
Sent: Monday, May 11, 2026 10:59 AM

To: ‘Mike Drella' <mdrella@BelviderelL.gov>
Ce: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; ‘Mullady, Conor’

<conor.mulla iW.com>
Subject: RE: Belvidere Reimbursement Agreement

Good moming Mike,

hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
Please let us know.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@'L 1 LawChicayo,com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

ly Hollow on Twitter

---- page 83 ----

From: Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: 'Mike Drella’ <mdrelia@BelviderelL.gov>
Ce; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady @jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We'd like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon,

Thank you,

Catoline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

ty Follow on Twitter
ty, Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 3:12 PM
To: Caroline Tait <ctait @Itlawchicago.com>

Subject: Re: Belvidere Reimbursement Agreement
What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @ltlawchicago.com> wrote:

---- page 84 ----

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

Catoline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTIawChicapyo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<imageO01.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>

Ce: Mullady, Conor <conor.mullady @jll,com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph lil. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drella <mdrella@BelviderelL.gov>

---- page 85 ----

Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source, DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?

Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicayo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow. on Twitter
<image003.png> Follow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov
Cc: Mullady, Conor <conor.multady @jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period

from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the

Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
6

---- page 86 ----

year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820} Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(d Chicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 87 ----

Mike Dreila

From:

Sent:

To:

Subject:
Attachments:

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Dreila <mdrella@BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston <bliston@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

| This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,

but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.

« There were multiples “Agreements” referenced, so that was also modified.

¢ The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section III: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyets Network

---- page 88 ----

(y Follow on Twitter
bb low on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait lawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella @Belviderell.gov>
Ce: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawehicago.com>; Mullady, Conor

<conor.mullady@ill.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicago.com
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

---- page 89 ----

(y Follow on Twitter
jp Follow on LinkedIn

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella' <mdreila@Belviderell.zov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz < jaziz@Itlawchicago.com>; ‘Mullady, Conor'

<conor.mullady @jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

I hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 90 ----

From: Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: ‘Mike Drella' <mdrella @BelviderelL.gov>
Cc; Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady @ill.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
We'd like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait(@iLTLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
ig Follow on LinkedIn

From: Mike Dretla <mdrella@BelvidereiL.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?
Mike
Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @ltlawchicago.com> wrote:

---- page 91 ----

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.

Do you want to set a cal] Monday to discuss?

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@ LTLawChicago.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyets Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Hollow on Linkedin

From: Mike Drella <mdrell lviderelL

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>

Cc: Mullady, Conor <conor,mullady @ll.com>; Peter Tsantilis <ptsantilis @itlawchicago.com>; Brian
Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchica)

Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM
To: Mike Drella <mdrella @Belviderell.gov>

---- page 92 ----

Ce: Mullady, Conor <conor.muliady @jl!.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.
Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wackct, Suite 820] Chicago, IL 60606

©) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicago.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Caroline Tait

Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil gov

Cc: Mullady, Conor <conor.mullady @ jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston @ltlawchicago,com>; Jamal Aziz <jaziz@\tlawchica, com>

Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period

from April }, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the

Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
6

---- page 93 ----

year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait@L TLawChicago.com

*Ranked #1 by the Leading Lawyets Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow oa Linkedin

---- page 94 ----

Mike Drella

From: Caroline Tait <ctait@Itlawchicago.com>

Sent: Thursday, May 14, 2026 3:47 PM

To: Mike Drelia

Ce: Peter Tsantilis; Brian Liston

Subject: RE: Belvidere Reimbursement Agreement

Attachments: Belvidere Reimbursement Agreement Modified - 05.14.2026Revisions.docx

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

It was nice speaking with you Tuesday. We connected with David. As noted, he is ok committing to the $150,000 deposit,
but requests that this be deposited into escrow to be drawn down upon to cover expenses and that it be clear that the
unused funds be returned to him. He will agree to replenish funds as needed once the balance gets below a certain amount.

There are a few other changes made in the document for clarity, the intent of your terms remains.

Section I: as mentioned on the call, statements need to be sent monthly so David can keep track of the budget.
© There were multiples “Agreements” referenced, so that was also modified.
© The timing you proposed regarding C/O for the first building of 100,000 sf was moved here.

Section II: the timeline of the transaction should be the same as you proposed, the reference excluding final plat
approval from City Expenses was moved here.

Section III: same as above, we need a regular statement schedule.
Please let us know if you accept these changes.
Thank you,
Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctaitt(CLTLawChicago.com
www. LTLawChicago.com
*Ranked #1 by the Leading Lawyets Network

(y follow on Twitter
tp Follow on Linkedin

---- page 95 ----

From: Mike Drella <mdrelia@Belviderell.gov>
Sent: Monday, May 11, 2026 2:44 PM

To: Caroline Tait <ctait@|tlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait @ltlawchicago.com>

Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella @BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz@ltlawchicago.com>; Mullady, Conor

<conor.mullady @ll.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL. 60606

(P) 312.580.1595 | (F) 312.580.1592
GL TLawChicas

*Ranked #1 by the Leading Lawyets Network

(y, Follow.on Twitter

fe Follow on LinkedIn

---- page 96 ----

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella' <mdrella @BelviderelL.gov>

Ce: Peter Tsantilis <ptsantilis @ltlawchicago.com>; Jamal Aziz <jaziz:

<conor.mullady @jll.com>
Subject: RE: Belvidere Reimbursement Agreement

lawchicago.com>; 'Multady, Conor’

Good morning Mike,

I hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IT. 60606

(@ TLawChicago.com

*Ranked #1 by the Leading Lawyers Network

& on Teitter
te Follow.on. Linkedin

From: Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: 'Mike Drella' <mdrella@Belviderell.gov>
Ce: Peter Tsantilis <ptsantilis @Itiawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>; Mullady, Conor

<conor.mullady@ill.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.

Please let us know your availability Monday afternoon.

Thank you,

---- page 97 ----

Caroline Tait | Associate Attomey
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@L1LawChicayo.com
swww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

& Follow o Twitter
in Follow on Linkedin

From: Mike Drella <mdrella@Belvidere!L.gov>
Sent: Thursday, May 7, 2026 3:12 PM
To: Caroline Tait <ctait @itlawchicago.com>

Subject: Re: Belvidere Reimbursement Agreement
What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@:LTLawChicago.com
www.LTLawChicago.com

---- page 98 ----

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@Belviderell.gov>

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @Itlawchicago.com>

Ce: Mullady, Conor <conor.mullady@/jli.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston@Itlawchicaeo.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version Is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>

Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella @Belviderell.gov>
Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Can you join a call with us Monday aftemoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
5

---- page 99 ----

(P) 312.580.1595 | (F) 312.580.1592
ctait(@:LTLawChicago.com

-LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Fello Twitter
<image003.png> Follow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Cc: Mullady, Conor <conor.mullady@/ll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Iitlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shali be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.

Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, TL 60606

(P) 312.580.1595 | (F) 312.580.1592
stait(@LTLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 100 ----

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 101 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Tuesday, May 12, 2026 5:25 PM

To: Peter Tsantilis; Caroline Tait; mrogers@Itlawchicago.com; bernardzpaul@gmail.com
Cc: David Halligan; Mike Drella; Jamal Aziz

Subject: Canceled: Development Discuss - Belvidere (LL)

Attachments: attachment.ics

Importance: High

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Microsoft Teams meeting

Join: https://teams.microsoft.com/meet/26767496034098 1?p=SalrTjLExjX3bilIGJ

Meeting ID: 267 674 960 340 981
Passcode: Va6fN7Tf

Need help? | System reference

Dial in by phone
+1.312-883-4913.,924002777# United States, Chicago

Find a local number
Phone conference ID: 924 002 777#

Join on a video conferencing device

Tenant key: jones!I@m.webex.com

Video ID: 119 538 079 07
More info

For organizers: Meeting options | Reset. dial-in PIN

---- page 102 ----

One of the 2025 World’s Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personel data, please click here
This email is for the use of the intended recipiert(s) only. If you have received this emaii in error, please notify the sender immediately and then delete it. If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions ta
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the sender to this effect.

---- page 103 ----

Mike Drella
en

From: mdrella@BelviderelL.gov

Sent: Monday, May 11, 2026 2:44 PM

To: ctait@Itlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement

Why don’t you just give me a call when you have time and let me know what concerns you still have.
Mike

From: Caroline Tait <ctait@Itlawchicago.com>

Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella <mdrella@Belviderell.gov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady@jll.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

it. hicago.com

www.LTLawChicago,com
*Ranked #1 by the Leading Lawyers Network

ip Follow on Linkedin

---- page 104 ----

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drella' <mdrella@BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis @Itlawchicazo.com>; Jamal Aziz <jaziz@Itlawchicago.com>; 'Mullady, Conor’
<conor.mullady@j!l.com>

Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

J hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y follow on Twitter
Ip Follow on Linkedin

From: Caroline Tait

Sel riday, May 8, 2026 2:04 PM

To: 'Mike Drella' <mdrella @BelviderelL.gov>

Cc; Peter Tsantilis <pisantilis@Itlawchicago.com>; Jamal Aziz <jaziz@!tlawchicago.com>; Mullady, Conor
<conor.mullady@jll.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,
We'd like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday aflernoon.

Thank you,

---- page 105 ----

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL, 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait@:LT).awChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
ty Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement
What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait@Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set 2 call Monday to discuss?
Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592
t@LULawC

www.LTLawChicago.com

---- page 106 ----

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @itlawchicago.com>

Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@| Jawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph lll. This should address your client’s concern.

Mike Dreila

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella @Belviderell.gov>
Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchi com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
4

---- page 107 ----

(P) 312.580.1595 | (F) 312.580.1592
ctait@.TLawChicayo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001 jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM.

To: mdrella@belvidereil.gov
Ce: Mullady, Conor <conor.mullady@jli.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,

Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

‘This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,
Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 8. Wacker, Suite 820] Chicago, I, 60606
(P) 312.580.1595 | (F) 312.580.1592
ctait! @ aw hica: yo.com

ywoww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 108 ----

<image001.jpg>

<image002.png> Pollen on Neier
<image003.png> Follow on LinkedIn

---- page 109 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Monday, May 11, 2026 2:03 PM

To: Mike Drella

Cc: Peter Tsantilis; Jamal Aziz; Mullady, Conor
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Sorry I missed your call; I have been in a client meeting for most of the day.

Can we set a call for 1:30 Wednesday to talk through the Reimbursement Agreement?

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
@®) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow.on Twitter
fp Follow on LinkedIn

From: Caroline Tait

Sent: Monday, May 11, 2026 10:59 AM

To: 'Mike Drelia’ <mdrella@BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; 'Mullady, Conor’

<conor.mullady @jll.com>
Subject: RE: Belvidere Reimbursement Agreement

Good morning Mike,

---- page 110 ----

Thope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, TT. 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicapo.com
swww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow.on Twitter
fp Follow on LinkedIn

Caroline Tait
Sent: Friday, May 8, 2026 2:04 PM

To: ‘Mike Drella’ <mdrella@BelviderelL.gov>
Cc: Peter Tsantilis <ptsantilis@Itlawchicazo.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor

<conor.mullady @jll.com>
Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

---- page 111 ----

& Follow on Twitter
jn Follow on LinkedIn

From: Mike Drella <mdrella@ Belvidesell.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@/LTLawChica o.com

swww.LTLawChicago.com
*Ranked #1 by the Leading Lawyets Network

---- page 112 ----

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow: on LinkedIn

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @itlawchicago.com>

Ce: Mullady, Conor <conor.mullady @ijll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern,

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella@Belviderell.gov>

Cc: Mullady, Conor <conor.mullady @ill.com>; Peter Tsantilis <ptsantilis@Itlawchicage.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <Jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

---- page 113 ----

ctaiti’L TI awChicayo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>
<image002.png> Follow on Twitter

<image003.png> Follow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov
Ce: Mullady, Conor <conor.mullady@ijll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston@itlawchicago,com>; Jamal Aziz <jaziz@ i m>
Subject: Belvidere Reimbursement Agreement

Hi Mike,

Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
east .
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 114 ----

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follew on LinkedIo

---- page 115 ----

Mike Drella
a

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Monday, May 11, 2026 10:59 AM

To: Mike Drella

cc: Peter Tsantilis; Jamal Aziz; Mullady, Conor
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good morning Mike,

I hope you had a nice weekend. Following up to confirm your availability for a meeting with our team to discuss
finalizing the RA.

Please let us know.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

(a)

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

(y Follow on Toazttcr
ip follow on Linkedin

From: Caroline Tait

Sent: Friday, May 8, 2026 2:04 PM

To: 'Mike Drella' <mdrella@BelviderelL.gov>

Cc: Peter Tsantilis <ptsantilis@ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>; Mullady, Conor
<conor.mullady@jil.com>

Subject: RE: Belvidere Reimbursement Agreement

Hi Mike,

---- page 116 ----

We’d like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.
Please let us know your availability Monday afternoon.

Thank you,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

() 312.580.1595 | (F) 312.580.1592

ctait(@LTLawChicapo.com

*Ranked #1 by the Leading Lawyers Network

fo Follow on LinkedIn

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @ltlawchicago.com>

Subject: Re: Belvidere Reimbursement Agreement
What is the purpose of the call?

Mike

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @ltlawchicago.com> wrote:
This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.

Do you want to set a call Monday to discuss?

---- page 117 ----

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait(@L'| LawChica o.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @itlawchicago.com>

Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @Itlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill, This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @ltlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella @BelviderelL.gov>

Cc: Mullady, Conor <concr.mullady@ill.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston@ltlawchicago.com>; Jamal Aziz <jaziz@\tlawchicaeo.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

---- page 118 ----

Can you join a call with us Monday aftemnoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, PC. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(@) 312.580.1595 | (F) 312.580.1592
ctait(@LTLawChicapo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Tyitter
<image003.png> Follow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Cc: Muliady, Conor <conor.tnuliady@jil.com>; Peter Tsantilis <ptsantilis@ltlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.
Thanks again,
Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

---- page 119 ----

ctait(@.LT)awChicago.com
ww. LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network
<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 120 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Friday, May 8, 2026 2:04 PM

To: Mike Drella

Cc: Peter Tsantilis; Jamal Aziz; Mullady, Conor
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
We'd like to discuss the latest version of the RA you sent. There are a few outstanding questions regarding the fees.

Please let us know your availability Monday afternoon.
Thank you,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@LTLawChicayo.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

{y Eellow on Twitter
by follow on Linkedin

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Thursday, May 7, 2026 3:12 PM

To: Caroline Tait <ctait @Itlawchicago.com>
Subject: Re: Belvidere Reimbursement Agreement

What is the purpose of the call?

Mike

---- page 121 ----

Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait @Itlawchicapo.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL. 60606

(P) 312.580.1595 | (F) 312.580.1592
i(@LV Law Chicago.com
swoww.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Netwotk

<image001.jpg>

<image002.png> Hollow.on Twitter
<image003.png> Follow on LinkedIn

From: Mike Drella <mdrella@Belvidere!L.pov>
Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait @ltlawchicago.com>
Cc: Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis @Itlawchicapo.com>; Brian

Liston <bliston @Itlawchicago.com>; Jamal Aziz <laziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client’s concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.

---- page 122 ----

Belvidere, !L 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <i Hla @Be rel >
Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian
Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Hollow on Linkedin

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Ce; Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @itlawchicago.com>; Jamal Aziz <jaziz@itlawchicago.com>

Subject: Belvidere Reimbursement Agreement

Hi Mike,

Thank you for the call this aftemoon.

---- page 123 ----

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.

Thanks again,

Caroline Tait | Associate Attomey

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> follow on Twitter
<image003.png> Follow on LinkedIn

---- page 124 ----

Mike Drella
SS

From: mdrella@Belviderell.gov
Sent: Thursday, May 7, 2026 3:12 PM
ctait@Itlawchicago.com

To:
Subject: Re: Belvidere Reimbursement Agreement
Attachments: image001 jpg; image002.png; image003.png

What is the purpose of the call?

Mike
Sent from my iPhone

On May 7, 2026, at 12:43 PM, Caroline Tait <ctait@Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attomey
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
ctait@_TLawChicago.com
www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on Linkedin

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, May 7, 2026 10:58 AM

---- page 125 ----

To: Caroline Tait <ctait@Itiawchicago.com>
Cec: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis@ltlawchicago.com>; Brian

Liston <bliston@ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline -—

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end
of paragraph Ill. This should address your client's concern.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrella @Belviderell.gov>
Cc: Mullady, Conor <conor.mullady @jJ.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston @ltlawchicago.com>; Jamal Aziz <jaziz@|tlawchica| >

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> follow on Twitter
<image003.png> Follow on LinkedIn

---- page 126 ----

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov
Ce: Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston@ltlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the
Project or the Approved Project occur after April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.

Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTawChicago.com

*Ranked #1 by the Leading Lawyers Network
<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> follow on Linkedin

---- page 127 ----

Mike Drella

From: Caroline Tait <ctait@Itlawchicago.com>

Sent: Thursday, May 7, 2026 12:44 PM

To: Mike Drella

Ce: Mullady, Conor; Peter Tsantilis; Brian Liston; Jamal Aziz
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Received, thank you Mike. We will review.
Do you want to set a call Monday to discuss?

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

a yChicago.com

www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
fy Follow on LinkedIn

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Thursday, May 7, 2026 10:58 AM

To: Caroline Tait <ctait@Itiawchicago.com>

Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston

<bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

Caroline —

Attached is a revised draft reimbursement agreement. The only change to the last version is at the end of paragraph
Nl. This should address your client’s concern.

Mike Drella

---- page 128 ----

City Attorney
City of Belvidere
401 Whitney Bivd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait @ltlawchicago.com>

Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drella <mdrelia @BelviderelL.gov>

Cc: Mullady, Conor <conor.mullady @jll.com>; Peter Tsantilis <ptsantilis @|tlawchicago.com>; Brian Liston
<bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>

Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call witb us Monday afternoon to finalize this agreement?

Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTLawChicago.c

*Ranked #1 by the Leading Lawyers Network

tp Fallow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM
i elvidereil.gov

a Malledy Conor <conor.mullady@jii.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston
<bliston@ltlawchicago.com>; Jamal Aziz <iaziz@Itlawchicago,com>

Subject: Belvidere Reimbursement Agreement

Hi Mike,

---- page 129 ----

Thank you for the cali this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the Reimbursement
Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period from April 1,
2026, through April 1, 2027 (the Term”). In the event that an Agreement for the Project or the Approved Project
occur after April 1, 2027, City shall be permitted three (3) one-year extension options to the Term (the “Extended
Term”), upon sixty (60) day prior notice to Developer and consent in writing by the Parties allowing the Extended
Term.

Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait(@T)awChicazo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

{y Follow on Twitter
ie Follow on Linkedin

---- page 130 ----

Mike Drella
ee

mdrella@ BelviderelL.gov

From:

Sent: Thursday, May 7, 2026 10:58 AM

To: ctait@Itlawchicago.com

ce: conor.mullady@jll.com; ptsantilis@Itlawchicago.com; bliston@Itlawchicago.com;
jaziz@Itlawchicago.com

Subject: RE: Belvidere Reimbursement Agreement

Attachments: Belvidere Reimbursement Agreement Modified(2026).docx

Caroline —

Attached isa revised draft reimbursement agreement. The only change to the last version is at the end of paragraph
Il, This should address your client’s concern.

Mike Dretla

City Attorney

City of Belvidere
401 Whitney Bivd.
Belvidere, IL 61008
815/544-2612

From: Caroline Tait <ctait@Itlawchicago.com>
Sent: Thursday, May 7, 2026 10:00 AM

To: Mike Drefla <mdrella@BelviderelL.gov>
Cc: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@|tlawchicago.com>; Brian Liston

<bliston@ltlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: RE: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?

Thank you!

Caroline Tait | Associate Attomey
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, TT. 60606

(P) 312.580.1595 | (F) 312.580.1592

ctait(@LTLawChicago.com
www,.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

---- page 131 ----

(y Follow.on Twitter
tp Gollow on LinkedIn

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella @belvidereil.gov
Cc: Mullady, Conor <conor.mullady@ill.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian Liston

<bliston @Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com:

Subject: Belvidere Reimbursement Agreement

Hi Mike,

Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the Reimbursement
Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period from April 1,
2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the Project or the Approved Project
occur after April 1, 2027, City shall be permitted three (3) one-year extension options to the Term (the “Extended
Term”), upon sixty (60) day prior notice to Developer and consent in writing by the Parties allowing the Extended

Term.
Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

---- page 132 ----

(y Follow on Twitter
Jy Follow on LinkedIn

---- page 133 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Thursday, May 7, 2026 10:04 AM

To: ctait@ltlawchicago.com

Subject: Re: Belvidere Reimbursement Agreement
Attachments: image001 jpg; image002.png; image003.png

I should have something for you this afternoon.

Mike
Sent from my iPhone

On May 7, 2026, at 10:00 AM, Caroline Tait <ctait@Itlawchicago.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?
Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | F) 312.580.1592
ctait@LTLawChicago.com
ywChicago.c

*Ranked #1 by the Leading Lawyers Network
<image001.jpg>

<image002.png> Follow ou. Twitter
<image003.png> Foilow on Linkedin

---- page 134 ----

From: Caroline Tait
Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov
€c: Mullady, Conor <conor.mullady@jll.com>; Peter Tsantilis <ptsantilis@Itlawchicago.com>; Brian

Liston <bliston@Itlawchicago.com>; Jamal Aziz <jaziz@Itlawchicago.com>
Subject: Belvidere Reimbursement Agreement

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the
Reimbursement Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period
from April 1, 2026, through April 1, 2027 (the “Term?). In the event that an Agreement for the
Project or the Approved Project occur after ‘April 1, 2027, City shall be permitted three (3) one-
year extension options to the Term (the “Extended Term”), upon sixty (60) day prior notice to
Developer and consent in writing by the Parties allowing the Extended Term.

Please let us know if you have any questions.

Thanks again,

Caroline Tait | Associate Attorney

Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606
(P) 312.580.1595 | (F) 312.580.1592

ctait@LTLawChicazo.com

www.LTLawChicago.com

*Ranked #1 by the Leading Lawyers Network

<image001.jpg>

<image002.png> Follow on Twitter
<image003.png> Follow on LinkedIn

---- page 135 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:
Sent: Thursday, May 7, 2026 10:00 AM
To: mdrella@belvidereil.gov
Ce: Mullady, Conor; Peter Tsantilis; Brian Liston; Jamal Aziz
Subject: RE: Belvidere Reimbursement Agreement
This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

Hi Mike,
Can you join a call with us Monday afternoon to finalize this agreement?

Thank you!

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820] Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592
it awChi. om

www, LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
fy Follow on LinkedIn

From: Caroline Tait

Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov

Cc; Mullady, Conor <conor.mullady@jll.com>; Peter Tsantil
<bliston@Itlawchicago.com>; Jamal Aziz <jaziz@|tlawchicago.com>
Subject: Belvidere Reimbursement Agreement

lis <ptsantilis@Itlawchicago.com>; Brian Liston

Hi Mike,

Thank you for the call this afternoon.

---- page 136 ----

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the Reimbursement
Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period from April 1,
”), In the event that an Agreement for the Project or the Approved Project

2026, through April 1, 2027 (the “Term’
‘ed three (3) one-year extension options to the Term (the “Extended

occur after April 1, 2027, City shall be permit
Term”), upon sixty (60) day prior notice to Developer and consent in writing by the Parties allowing the Extended

Term.
Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IL 60606

(P) 312.580.1595 | (F) 312.580.1592

ctaitr! aw
www.LTLawChicago.com
*Ranked #1 by the Leading Lawyers Network

(y Follow on Twitter
tp Follow on LinkedIn

---- page 137 ----

Mike Drella

Caroline Tait <ctait@Itlawchicago.com>

From:

Sent: Tuesday, May 5, 2026 3:39 PM

To: mdrella@belvidereil.gov

Ce: Mullady, Conor, Peter Tsantilis; Brian Liston; Jamal Aziz
Subject: Belvidere Reimbursement Agreement

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Thank you for the call this afternoon.

Developer has agreed to move forward with the cash deposit as outlined in the latest draft of the Reimbursement
Agreement.

For the timing discussed, please see proposed language below.

This Agreement shall be binding upon and inure to the benefit of City and Developer for the period from April 1,
2026, through April 1, 2027 (the “Term”). In the event that an Agreement for the Project or the Approved Project
occur after April 1, 2027, City shall be permitted three (3) one-year extension options to the Term (the “Extended
Term”), upon sixty (60) day prior notice to Developer and consent in writing by the Parties allowing the Extended

Term.
Please let us know if you have any questions.
Thanks again,

Caroline Tait | Associate Attorney
Liston & Tsantilis, P.C. | 200 S. Wacker, Suite 820| Chicago, IT. 60606

(P) 312.580.1595 | (F) 312.580.1592
www. LTLawChicago.com

com

*Ranked #1 by the Leading Lawyets Network

(, Follow on Twitter

---- page 138 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Tuesday, May 5, 2026 1:48 PM
‘aroline Tait, mrogers@Itlawchicago.com; bernardzpaul@gmail.com

To:

Ce: David Halligan; Mike Drella; Jamal Aziz
Subject: Development Discuss - Belvidere (JLL)
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Microsoft Teams meeting

Join: https://teams.microsoft.com/meet/26767496034098 1?p=SaqlrTjLExiX3bllIGJ

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---- page 139 ----

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. Hf you have received this email in error, please notify the sender immediately and then delete it If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We hava taken precautions to
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the sender to this effect.

---- page 140 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Tuesday, May 5, 2026 1:46 PM
Peter Tsantilis; Caroline Tait; mrogers@Itlawchicago.com; bernardzpaul@gmail.com

To:

ca David Halligan; Mike Drella; Jamal Aziz
Subject: Canceled: Development Discuss - Belvidere (JLL)
Attachments: attachmentics

Importance: High

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

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Join: https://teams.microsoft.com/meet/25935712537500?p=II6O)1r2 1ZvjelCAdg

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---- page 141 ----

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal dala, please click here
This email is for the use of the intended recipient{s) only. ff you have received this email in error, please notify the sender immedialely and then delete it. If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this emai! without the author's prior permission. We have taken precautions to
minimize the risk of tensmilting software viruses, bul we advise you to carry out your own virus checks on any atlachment to this message. We cannot accept
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---- page 142 ----

Mike Drella
SSS

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, May 4, 2026 2:45 PM
To: Mike Drella

Subject: RE: Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

OK — Thank you.

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, TL 60631

‘Vel: +1 312 228 3122
Mobile: + i 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

@ LL

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, May 4, 2026 2:34 PM
To: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Hawkeye

|’

I misspoke this afternoon. Questions regarding the reimbursement agreement should be directed to the City at this

tion: Message from external send

time.
Mike

a}
One of the 2025 World's Most Ethicat Companies®

Jones Lang LaSalle

For more information aboul how JL processes your personal data, please click here
This email is for the use of the Intended recipient(s) anly. If you have received this email in error, please notify the sender immediately and then delete it. H you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to

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1

---- page 143 ----

attomey-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond fo
the sender to this effect.

---- page 144 ----

Mike Drella

From: madrella@BelviderelL.gov
Sent: Monday, May 4, 2026 2:34 PM
To: Conor.Mullady@jll.com
Subject: Hawkeye

| misspoke this afternoon. Questions regarding the reimbursement agreement should be directed to the City at this
time.

Mike

---- page 145 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jllcom>

From:

Sent: Monday, May 4, 2026 12:12 PM
To: Mike Drella

Subject: RE: Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -—
Good afternoon.

Would you have time to connect today or tomorrow morning?
Let me know what time works for you?

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 6063)

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
onor.mullady@am jl.

www, ill.com/chicapo/industrial

@su

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Thursday, April 30, 2026 11:06 AM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Hawkeye

Conor —

We have reviewed the requested changes to the reimbursement agreement. | am attaching a revised draft agreement
that contains the changes that the City is willing to agree to. It is based on the original draft with changes from the

original draft shown in underline and strikeout.

---- page 146 ----

Please call with any questions.

Mike Dreila

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

if the 2025,

Jones Lang LaSalle

For more information about how JL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. if you have received this email in error, please notify the sender immediately and then delete it. If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
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liability for eny loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
attorney-client privilege. If you are the intended recipient and you do nat wish to receive simifar electronic messages from us in the future then please respond to

the sender fo this effect.

---- page 147 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, May 4, 2026 11:53 AM

To: Peter Tsantilis; Caroline Tait; mrogers@Itlawchicago.com; bernardzpaul@gmail.com
ca David Halligan; Mike Drella; Jamal Aziz

Subject: Development Discuss - Belvidere (LL)

Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

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---- page 148 ----

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have recaived this email in error, please notify the sender immediately and then delete it. If you are

not the intended recipient, you must not keep, us®, disclose, copy or distribute this email without the author's priar permission. We have taken precautions to
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liability for any loss or damage caused by software viruses. The information contained In this communication may be confidential and may be subject to the
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the sender to this effect.

---- page 149 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Thursday, April 30, 2026 11:16 AM
To: Mike Drella

Subject: RE: Hawkeye

This message originated from an External Source, DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

Thank you.

Conor Mullady

Senior Vice President
Jones Lang LaSalle
Industrial Services | Land

O'Hare Plaza
8755 West Higgins, Suite 750
Chicago, IL 60631

Tek: +1 312 228 3122
Mobile: +] 847 308 9912
am. i

ww ll. i

@sLL

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Thursday, April 30, 2026 11:06 AM
To: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Hawkeye

Conor —

éssage fro external sender

ment agreement. | am attaching a revised draft agreement

We have reviewed the requested changes to the reimburse!
It is based on the original draft with changes from the

that contains the changes that the City is willing to agree to.
original draft shown in underline and strikeout.

Please call with any questions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Bivd.
Belvidere, IL 61008

---- page 150 ----

815/544-2612

One of the 2025 World’s Most | Compani
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here:
FPie mails for the use of the intended recipient(s) only. If you have received this emai in error, please notify the sender immediately and then delete if you are
not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
wnimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message. We cannot accept
Tibilty for any loss or damage caused by software viruses, The information contained in this communication may be confidential and may be subject to the

attomey-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond to
the sender to this effect.

---- page 151 ----

Mike Drella

From: mdrella@ BelviderelL.gov

Sent: Thursday, April 30, 2026 11:06 AM

To: Conor.Mullady@jll.com

Subject: Hawkeye

Attachments: Belvidere Reimbursement Agreement Modified(2026).docx
Conor —

We have reviewed the requested changes to the reimbursement agreement. | am attaching a revised draft agreement
that contains the changes that the City is willing to agree to. It is based on the original draft with changes from the

original draft shown in underline and strikeout.
Please call with any questions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, iL 61008
815/544-2612

---- page 152 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Wednesday, April 29, 2026 2:22 PM
Peter Tsantilis; Caroline Tait; mrogers@ltlawchicago.com; berna rdzpaul@gmail.com

To:

Ce: David Halligan; Mike Drella; Jamal Aziz
Subject: Development Discuss - Belvidere (LL)
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
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---- page 153 ----

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and then delete it. If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment fo this message. We cannot accept
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the sender to this effect.

---- page 154 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Monday, April 20, 2026 2:29 PM

To: Peter Tsantilis; Caroline Tait; mrogers@Itlawchicago.com; bernardzpaul@gmail.com
Cec: David Halligan; Mike Drella; Jamal Aziz

Subject: Development Discuss - Belvidere (JLL)

Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
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---- page 155 ----

Jones Lang LaSalle

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not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
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the sender to this effect.

---- page 156 ----

Mike Dreila
SS SS

From: Peter Tsantilis <ptsantilis@Itlawchicago.com>

Sent: Thursday, April 16, 2026 8:24 AM

To: Caroline Tait; dhalligan@datawattenergy.com; Mark Rogers; Conor.Mullady@jli.com;
bernardzpaul@gmail.com; mdrella@belvidereil gov; Jamal Aziz

Subject: Development Discuss - Belvidere (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Development Discuss - Belvidere (JLL)
Scheduled: Apr 20, 2026 at 2:00 PM to 3:00 PM, CDT

Location: Microsoft Teams Meeting
Invitees: Caroline Tait, David Halligan, Mark Rogers, Mullady, Conor, bernardzpaul@gmail.com, Mike Drella, Jamal Aziz

Peter Tsantilis, Esq.

Liston & Tsantilis, P.C.

200 South Wacker Dr., Suite 820
Chicago, IL 60606

(P) 312.604.3808

(C) 630.863.4799

(F) 312.580.1592
PTsantilis@LTLawChicago.com
www.LTLawChicago.com

---- page 157 ----

Mike Drella

mdrella@Belviderell.gov

From:
Sent: Thursday, April 16, 2026 8:19 AM

To: Conor.Mullady@jll.com

Subject: Accepted: Development Discuss - Belvidere (JLL)

Attachments: attachmentics

---- page 158 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Thursday, April 16, 2026 8:04 AM

To: Peter Tsantilis; Caroline Tait; mrogers@Itlawchicago.com; bernardzpaul@gmail.com
cc David Halligan; Mike Drella

Subject: Development Discuss - Belvidere (JLL)

Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Microsoft Teams meeting
Join: https://teams.microsoft.com/meet/25935712537500?p=|160J 112 1ZvielCAd:

Meeting !D: 259 357 125 375 00
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Find a local number
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---- page 159 ----

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. if you have received this email in esror, please notify the sender immediately and then delete it. if you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on eny attachment to this message. We cannot accept
liabilily for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
attorney-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us In the future then please respond to

the sender to this effect.

---- page 160 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, April 13, 2026 3:14 PM
To: Mike Drella

Subject: RE: Hawkeye Draft

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Peter Tsantilis ptsantilis@ltlawchicago.com

Per our discussion - Please review email above.

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
jl. icago/i ial

@ JL

From: Mike Drella <mdrella@Belvidereil.gov>
Sent: Monday, April 13, 2026 2:03 PM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Hawkeye Draft

of rid’s Most Ethi
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
‘This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and then delete it. lf you are

nol the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of lransmitting software viruses, but we advise you to cary out your own virus checks on any attachment to this message, We cannot accept
liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
attomey-client privilege. If you are [he intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond to

the sender to this effect,
1

---- page 161 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, April 13, 2026 2:19 PM
To: Mike Drella

Subject: RE: Hawkeye Draft

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Thank you.

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, April 13, 2026 2:03 PM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Hawkeye Draft

2 id's thical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the Intended reciplent(s) only. If you have received this email in error, please notify the sender immediately and then delete it. If you are
not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
Fuinimize the risk of transmitting software viruses, but we edvise you to carry out your own virus checks on any attachment to this message. We cannot accep!
frbilty for any loss or damage taused by software viruses. The information contained in this communication may be confidential and may be subject tothe
atlomey-client privilege. If you are the intended recipient and you do not wish to receive ‘similar electronic messages from us in the future then please respond to

the sender to this effect.

---- page 162 ----

Mike Drella

mdrella@Belviderell.gov

From:

Sent: Monday, April 13, 2026 2:03 PM
To: Conor.Mullady@jll.com
Subject: Hawkeye Draft

Attachments: Belvidere Reimbursement Agreement Modified(2026).docx

---- page 163 ----

Mike Drella

mdrella@BelviderelL.gov

From:

Sent: Wednesday, February 25, 2026 4:42 PM
To: dhalligan@datawattenergy.com
Subject: RE: Pipeline viewer

boonecountyil

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Wednesday, February 25, 2026 4:37 PM

To: Mike Drella <mdrella@Belviderell.gov>

Subject: Pipeline viewer

m an External Source. DO NOT click links or open attachments unless you recognize the

This message originated fro!
sender and know the content is safe.

David Halligan
Datawatt
Mobile: 1-617-513-8893

Email: dhalligan@datawatteneray.com

---- page 164 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Wednesday, February 25, 2026 4:37 PM

To: Mike Drella

Subject: Pipeline viewer

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

David Halligan

Datawatt

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com

---- page 165 ----

Mike Drella

David Halligan <dhalligan@datawattenergy.com>

From:

Sent: Monday, February 16, 2026 5:03 PM
To: Julissa Arreguin

Subject: Accepted: The Discussions
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

---- page 166 ----

Mike Drella

From: jarreguin@belvidereil.gov
Monday, February 16, 2026 5:01 PM

Sent:

To: mayor@Belviderell.gov; mdrella@BelviderelL.gov; banderson@BelviderelL.gov;
gdelrose@Belviderell gov; dhalligan@datawattenergy.com; Conor.Mullady@jll.com

Subject: The Discussions

Attachments: attachment.ics

Julissa Arreguin is inviting you to a scheduled Zoom meeting.

Topic: The Discussions
Time: Feb 20, 2026 02:00 PM Central Time (US and Canada)

Join Zoom Meeting
https://usO6web.zoom.us/j/89581148 192?pwd=fz21 behGefCMV3HE2gYKIACZBXulcX.1

Meeting ID: 895 8114 8192
Passcode: 397027

One tap mobile
4+13092053325,,895811481924,,,,*397027# US
413126266799, ,89581148192#,,,,*397027# US (Chicago)

Join by SIP
* 89581148192@zoomerc.com

Join instructions
https://usO6web.zoom.us/meetings/89581 448192 /invitations?signature=vWBOAk7aRt2vOvY cE taxa FsmLiWHe3a6KK72m

RIZO8SA

---- page 167 ----

Mike Drella

David Halligan <dhalligan@datawattenergy.com>

From:

Sent: Monday, December 1, 2025 1:52 PM

To: Julissa Arreguin

Subject: Accepted: Mtg w/ Conor Mullady & David Halligan
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

---- page 168 ----

e Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Friday, November 21, 2025 11:50 AM

To: Julissa Arreguin

Subject: Accepted: Mtg w/ Conor Mullady & David Halligan
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

---- page 169 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, July 14, 2025 10:05 AM
Mike Dreila; David Halligan; Kevin Coughlin

To:
Subject: Project Hawkeye - Development Discussion (Mike Drella/Conor Mullady)
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Microsoft Teams need help?
Join the meeting now

Meeting ID: 282 511 455 235 6
Passcode: R2um6rF2

Dial in by phone
+1.312-883-4913,,21515078# United States, Chicago
Fin umber

Phone conference ID: 215 150 78#

Join on a video conferencing device
Tenant key; joneslI@m.webex.com

Video ID: 119 204 860 9

More info

For organizers: Meeting options | Reset dial-in PIN

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
‘This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and then delete il. If you are

i

---- page 170 ----

disclose, copy or distribute this email without the author's prior permission. We have taken precautions to

rinimize the risk of transmitting sofware viruses, but we advise you to carry oul your own virus checks on any attachment to this message. We cannot accept
flablty for any loss or damage caused by software viruses The information contained in this communication may be confidential and may be subject to the
attomey-client privilege. If you are the intended recipient and you do not wish to receive similar ‘electronic messages from us in the future then please respond to

the sender to this effect.

noi the intended recipient, you must not keep, use,

---- page 171 ----

Mike Drella

From: mdrella@Belviderell.gov

Sent: Monday, July 14, 2025 10:03 AM
To: Conor.Mullady@jll.com
Subject: Re: Conor Mullady - JLL
Attachments: image001,jpg

How about 3:30 if you can give me a call.

Mike
Sent from my iPhone

On Jul 14, 2025, at 9:54 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
Good morning.
Would you still have time this afternoon to connect? What time works for you (3:30/4:00pm7).

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am Jjll.com
<image001 jpg>

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Thursday, July 10, 2025 11:05 AM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Re: Conor Mullady - JLL

---- page 172 ----

lessagé from external sen

| Cauti

Connor

Monday afternoon could work. Otherwise, Wednesday morning is also possible.

Mike Drella

Sent from my iPhone

On Jul 9, 2025, at 11:55 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Mike —
Thank you for your email below.

Would Monday or Tuesday next week work with your schedule?

Let me know.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor, mullady@am,jll.com
www.jll.com/chicago/industrial
<image001.jpg>

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Wednesday, July 9, 2025 8:46 AM

To: Mullady, Conor <Conoy.Mullady@ill.com>
Subject: RE: Conor Mullady - JLL

---- page 173 ----

Conor —

tam in court a chunk of this morning and leaving town for a couple of days tonight. Do
you have any availability next week? | was also curious as to whether you have
solidified any plans regarding power and water supply for the development. They will
likely need to be addressed in any annexation agreement.

Thanks
Mike

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdrella @BelviderelL.gov>

Ce: Clint Morris <mayor@BelviderelL.gov>; David Halligan
<dhalligan @datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good afternoon.
Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to provide you some updates on our project and also discuss the
annexation/zoning process again — Need to understand timing.

Please advise your availability - Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza ~

8755 West Higgins, Suite 750
Chicago, [L 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com
jll.com/chie industri
<image001 jpg>

---- page 174 ----

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal dala, please click here
This email is for the use of the intended recipient{s) only. ff you have received this email in error, please nolify the
sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or
distribute this email without the author's prior permission. We have taken precautions to minimize the risk of
transmitting software viruses, but we advise you to carry oul your own virus checks on any allachment {o this message,
We cannot accept liability for eny loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the altomey-client privilege. If you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond to the sender to

this effect.

---- page 175 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Monday, July 14, 2025 9:55 AM
To: Mike Drella

Subject: RE: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Good morning.
Would you still have time this afternoon to connect? What time works for you (3:30/4:00pm?).

Conor

Conor Muillady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Iliggins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor. mullady@am,jli.com
www. jll.com/chicago/industrial

@ JL

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Thursday, July 10, 2025 11:05 AM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Re: Conor Mullady - JLL

Connor

Monday afternoon could work. Otherwise, Wednesday morning is also possible.

Mike Drella

---- page 176 ----

Sent from my iPhone

On Jul 9, 2025, at 11:55 AM, Mullady, Conor <Conor.Mullad y@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Mike —
Thank you for your email below.

Would Monday or Tuesday next week work with your schedule?

Let me know.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor mullady@am jll.com
jll.com/chicago/industrial

@ JLL

From: Mike Drella <mdrella@Belviderell .gov>
Sent: Wednesday, July 9, 2025 8:46 AM

To: Mullady, Conor <Conor.Mullady @ill.com>
Subject: RE: Conor Mullady - JLL

| caatio ge from external

Conor —

lam in court a chunk of this morning and leaving town for a couple of days tonight. Do you have any
availability next week? | was also curious as to whether you have solidified any plans regarding power
and water supply for the development. They will likely need to be addressed in any annexation

agreement.

Thanks

---- page 177 ----

Mike

From: Mullady, Conor <Conor.Mullady @ill.com>
Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdreila @BelviderelL.gov>
Cc: Clint Morris <mayor @Belviderell.gov>; David Halligan <dhalligan @datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -—
Good afternoon.
Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to provide you some updates on our project and also discuss the annexation/zoning process
again — Need to understand timing.

Please advise your availability - Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +] 847 308 9912
conor.mullady@am. jll.com

= hicagovinduste

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more informatian about how JLL processes your personal dats, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and

then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
chacks on any atlachment Io this message. We cannot accep! liability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

3

---- page 178 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Thursday, July 10, 2025 11:36 AM
To: Conor.Mullady@jll.com

Subject: Automatic reply: Conor Mullady - JLL

Jam out of the office from July 9, 2025 - July 14, 2025. | appoligize for any inconvenience.

Thank you.

---- page 179 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Thursday, July 10, 2025 11:36 AM
To: Mike Drella

Subject: Re: Conor Mullady - JLL
Attachments: image001,jpg

This message originated from an External Source. DO NOT click links or open attachments unless you
recognize the sender and know the content is safe.

Monday afternoon would be preferred, since | will be traveling on Wednesday morning.
lll send a meeting invite for Monday.

Thank you,
Conor
Sent from my iPhone

On Jul 10, 2025, at 11:05 AM, Mike Drella <mdrella@belvidereil.gov> wrote:

Connor

Monday afternoon could work. Otherwise, Wednesday morning is also possible.

Mike Drella
Sent from my iPhone

On Jul 9, 2025, at 11:55 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Thank you for your email below,

---- page 180 ----

Would Monday or Tuesday next week work with your schedule?

Let me know.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +) 312 228 3122
Mobile: +1 847 308 9912
conor.mullad: .il.com
<image001.jpg>

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, July 9, 2025 8:46 AM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Conor Mullady - JLL

Conor-

tam in court a chunk of this morning and leaving town for a couple of days tonight. Do
you have any availability next week? | was also curious as to whether you have
solidified any plans regarding power and water supply for the development. They will
likely need to be addressed in any annexation agreement.

Thanks
Mike

From: Mullady, Conor <Conor.Mullady @jjl.com>

Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: Clint Morris <mayor @BelviderelL.gov>; David Halligan
<dhalligan@datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Good afternoon.

---- page 181 ----

Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to provide you some updates on our project and also discuss the
annexation/zoning process again — Need to understand timing.

Please advise your availability - Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, TL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am.jl.com
www. ill.com/chicago/industrial

<image001 jpg>

: a

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
‘This email is for the use of the intended recipients) only. f you have received this email in error, please notify the
sender immediately and then delete &. If you are not the intended recipient, you must not keep, use, disclose, copy oF
disiribute this email without the author's priar permission. We have taken precautions 1o minimize the risk of
transmitting sofware viruses, but we advise you to cary out your own virus checks on any attachment to this message.
‘We cannot accept liability for any loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond Lo the sender to

this effect.

---- page 182 ----

Mike Drella

mdrella@BelviderelL.gov

From:

Sent: Thursday, July 10, 2025 11:05 AM
To: Conor.Mullady@jll.com

Subject: Re: Conor Mullady - JLL

Connor

Monday afternoon could work. Otherwise, Wednesday morning is also possible.

Mike Drella
Sent from my iPhone

On Jul 9, 2025, at 11:55 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Thank you for your email below.

Would Monday or Tuesday next week work with your schedule?

Let me know.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, JL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
yr, @am. jll.com

www jll.com/chicago/industrial

@ JL

---- page 183 ----

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Wednesday, July 9, 2025 8:46 AM

To; Mullady, Conor <Conor.Mullady@jli.com>
Subject: RE: Conor Mullady - JLL

| Caution: Message from external sender

Conor -

1am in court a chunk of this morning and leaving town for a couple of days tonight. Do you have any
availability next week? | was also curious as to whether you have solidified any plans regarding power
and water supply for the development. They will likely need to be addressed in any annexation

agreement.
Thanks
Mike

From: Mullady, Conor <Conor.Mullady@)l!.com>

Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: Clint Morris <mayor@BelviderelL.gov>; David Halligan <dhalligan@datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good afternoon.
Would you happen to have time to connect tomorrow moming or Thursday morning?

Wanted to provide you some updates on our project and also discuss the annexation/zoning process
again — Need to understand timing.

Please advise your availability - Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

---- page 184 ----

Tel: +1 312 228 3122
Mobile: +-1 847 308 9912

conor.mullady@am. jll.com
‘ hi industrial

@ JL

a

One of the 2025 World’s Mosi Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient{s) only. If you have received this email in error, please notify the sender immediately and

then delete it. f you are not the intended recipieni, you must not keep, use, disclose, copy or distsibute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
checks on any attachment tc this message. We cannot accept fability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential end may be subject to the etiomey-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 185 ----

Mike Drella
po eee

Mullady, Conor <Conor.Mullady@jll.com>

Sent: Wednesday, July 9, 2025 11:56 AM
To: Mike Drella
Subject: RE: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Thank you for your email below.

Would Monday or Tuesday next week work with your schedule?

Let me know.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 332 228 3122
Mobile: +1 847 308 9912
ci adam. jl
www, jll.com/chicago/industrial

@sLL

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, July 9, 2025 8:46 AM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Conor Mullady - JLL

Conor —

Message from external sender

1am in court a chunk of this morning and leaving town for a couple of days tonight. Do you have any availability next
week? | was also curious as to whether you have solidified any plans regarding power and water supply for the
development. They will likely need to be addressed in any annexation agreement.

---- page 186 ----

Thanks
Mike

From: Mullady, Conor <Conor.M ullady @jll.com>
Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdrella @BelvidereiL.gov>
int Morris <mayor@BelviderelL.gov>; David Halligan <dhalligan @datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good afternoon.

Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to provide you some updates on our project and also discuss the annexation/zoning process again - Need to
understand timing.

Please advise your availability — Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3322
Mobile: +1 847 308 9912

conor.mullady@am.jl.com
www. jll.com/chicago/industrial

@ su

a

One of the 2025 World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
‘his email in ertor, please notify the sender immediately and then detete It. # you are

his email is for the use of the intended recipieni(s) only. if you have recelved
distribute this email without the author's prior permission. We have taken precautions to

not the intended recipient, you must not keep, use, disclose, copy or
a onlinige the tek of ransinitting soflware viruses, bul we advise you to carry out your own virus checks on any attachment to this message, We cannot accept
Tabilty for ary loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject 1o the

2

---- page 187 ----

lar electronic messages fromn us in the {ulure then please respond to

altomey-client privitege. If you ate the intended recipient and you do not wish to receive si
the sender to this effect.

---- page 188 ----

Mike Drella

From: mdrella@Belviderell.gov
Wednesday, July 9, 2025 8:46 AM

Sent:

To: Conor.Mullady@jll.com
Subject: RE: Conor Mullady - JLL
Conor—

| am in court a chunk of this morning and leaving town for a couple of days tonight. Do you have any availability next
week? | was also curious as to whether you have solidified any plans regarding power and water supply for the
development. They will likely need to be addressed in any annexation agreement.

Thanks
Mike

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Tuesday, July 8, 2025 2:59 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Ce: Clint Morris <mayor@BelviderelL.gov>; David Halligan <dhalligan@datawattenergy.com>

Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good afternoon.
Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to provide you some updates on our project and also discuss the annexation/zoning process again ~ Need to
understand timing.

Please advise your availability — Thank you.

Conor

Conor Mullady

Senior Vice Presidem

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IT. 6063)

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
4 hicacovindustr
1

---- page 189 ----

@ JL

One of the 2025 World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here

This emails for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and then delete it if you are

not ihe intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission, We have taken precautions to
checks on any attachment to this message. We cannot accept

minimize the risk of transmitting software viruses, but we advise you to carry oul your own virus
The information contained in this communication may be confidential and may be subject to the

liability for any loss or damage caused by software viruses.
attorney-client privilege. f you are the intended recipient and you do not wish to receive sinvlar electronic messages from usin the future then please respond fo
the sender to this effect.

---- page 190 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:
Sent: Tuesday, July 8, 2025 2:59 PM
To: Mike Drella

fi Clint Morris; David Halligan
Subject: Conor Mullady - JLL

This message originated from an External Source. DO NOT Click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good afternoon.

Would you happen to have time to connect tomorrow morning or Thursday morning?

Wanted to pravide you some updates on our project and also discuss the annexation/zoning process again - Need to
understand timing.

Please advise your availability — Thank you.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
@am.j

po a i industrial

@ JL

One of the 2025 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal dats, please click here
il in error, please notify the sender Immediately and then delete It. If you are

This email is for the use of the intended recipient(s) only. f you have received this ema’
distribute this email without the author's prior permission, We have taken precautions 10

not the intended recipient, you must not keep, use, disclose, copy or
Tainimize the sk of ransmitiing software viruses, Dut we advise you to carry out your own virus chacks on any attachment fo this message, We cannot accept
liabilty for any loss or damage caused by soflware viruses. The information contained in this communiaation may be confidential and mey be subject to the

atlomey-client privilege. Ifyou are the intended recipient and you do not wish fo receive similar electronic messages from us in the future then please respond to

the sender to this effect

---- page 191 ----

a ES

Kevin Coughlin <kcoughlin@manhard.com>

From:

Sent: Wednesday, June 11, 2025 3:27 PM

To: Brent Anderson

Ce: Mullady, Conor, David Halligan; mayor@belvidere.gov
Subject: RE: Hawkeye Water/Sewer

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.
Good afternoon Brent,

Thank you for the information. We appreciate the time and assistance from you and Mayor Morris in helping
us advance this project.

By the way, we had a team debrief at Smokin Coop yesterday — you are not kidding, that is a great spot!

Talk Soon,

Kevin

Kevin Coughlin, PE | Vice President
1 E Wacker Drive, Sulte 2700, Chicago, IL 60601
d: 312.824,3801 | c: 847.529.6102 | manhard.com

nd Manhard

CONSULTING

‘Civil Engineering | Surveying | Water Resources Menagement
‘Construction Management | Landscape Architecture | Planning

From: Brent Anderson <banderson@BelvidereiL.gov>
Sent: Wednesday, June 11, 2025 10:49 AM

To: Kevin Coughlin <kcoughlin@manhard.com>
Subject: [EXTERNAL] RE: Hawkeye Water/Sewer

Good Morning Kevin,
Here is a breakdown of capacity on the sanitary sewer:
Temporary usage at Genoa Road: 117,000 GPD (unpeaked)

Basin Capacity of the southeast trunk extension: 4,176,000 GPD
Brent

From: Kevin Coughlin <| Jin@manhard.com>
Sent: Tuesday, June 10, 2025 8:10 AM
To: Mullady, Conor <conor.mullady@ill.com>; Brent Anderson <panderson @BelviderelL.gov>; David Halligan

1

---- page 192 ----

<dhalligan@datawattenergy.com>; Dan Angspatt <dangspatt@manhard.com>
Subject: Hawkeye Water/Sewer

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.
Brent,
Looking forward to meeting with you at 10 at 401 Whitney Blvd. We will have copies of the site plan anda
computer to ideally walk through the water and sewer extension routes with you.

Kevin

Kevin Coughlin, PE | Vice President
1 E Wacker Drive, Suite 2700, Chicago, IL 60601
d; 312.824.3801 | c: 847.529.6102 | manband.com

M Manhard

CONSULTING

Covi Engineering Surveying . Water Resouroas bbenagernarn
(Consevciton Menegement | Lencecepe Archiectves | Penning

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---- page 193 ----

Mike Drella

Kevin Coughlin <kcoughlin@manhard.com>

From:

Sent: Tuesday, June 10, 2025 8:10 AM

To: Mullady, Conor, Brent Anderson; David Halligan; Dan Angspatt
Subject: Hawkeye Water/Sewer

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent,

Looking forward to meeting with you at 10 at 401 Whitney Blvd. We will have copies of the site plan and a
computer to ideally walk through the water and sewer extension routes with you.

Kevin

Kevin Coughlin, PE | Vice President
4 E Wacker Drive, Suite 2700, Chicago, IL 60601
d: 312.824.3801 | c: 847.529.6102 | manhand.com

ad Manhard

CONSULTING

‘Civt Engineering | Surveying | Water Resources Management
‘Gonetruction Management | Landscape Architecture | Planning

This email has been scanned for email related threats and delivered safely by Mimecast.

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---- page 194 ----

Mike Drella

Kevin Coughlin <kcoughlin@manhard.com>

From:

Sent: Thursday, June 5, 2025 1:54 PM

To: Brent Anderson

Ce: Mullady, Conor; David Halligan; Dan Angspatt
Subject: Hawkeye Water/Sewer

Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent, | wanted to get an invite on the calendar. Let me know if this location works or if you want to send a
separate invite and have me cancel this one.

This email has been scanned for email related threats and delivered safely by Mimecast.
For more information please visit http://www.mimecast.com

---- page 195 ----

Mike Drella

Kevin Coughlin <kcoughlin@manhard.com>

From:

Sent: Thursday, June 5, 2025 1:51 PM

To: Brent Anderson

Ce: Mullady, Conor, David Halligan; Dan Angspatt
Subject: RE: Project Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent,

Can we lock in 10 AM on Tuesday? I can come out to you.

Thanks,

Kevin

Kevin Coughlin, PE | Vice President
1. E Wacker Drive, Suite 2700, Chicago, IL 60601
d: 312,824,3801 | c: 847.529.6102 | manhard.com

nd Manhard

CONSULTING
Civil Engineering | Surveying | Water Resources Management
‘Construction Management | Landscape ArchRecture | Planning
From: Brent Anderson <banderson@Belviderell.gov>
Sent: Thursday, June 5, 2025 10:11 AM
To: Kevin Coughlin <kcoughlin@manhard.com>
Subject: [EXTERNAL] RE: Project Hawkeye

Good Morning Kevin,

My schedule is open next Tuesday (10"), Wednesday (11") and Thursday (12").
Brent

From: Kevin Coughlin <kcoughtin@manhard.com>

Sent: Thursday, June 5, 2025 7:47 AM

To: Brent Anderson <bande: IvidereiL.gov>

Cc: Mullady, Conor <conor.mullady@jll.com>; David Halligan <dhalligan@datawattenergy.com>

Subject: Project Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

---- page 196 ----

Good afternoon Brent,

I hope all is well with you. As we are having some more advanced conversations about this project, | wanted
to see if we could reconvene and discuss water and sewer servicing options in a little more detail. Goals for
this meeting focusing on technical aspects would be to have a good idea of connection points, routes, costs
and incentives. Understanding the incentives might need to be a separate meeting with a larger group.

As an update per your request in our meeting late last year: we are anticipating a primarily air cooled system
within the 250-500 MGD capacity from your current well. There is a small possibility of a water cooled system
which gets into several million gallons per day—! would like to spend a little time on this to understand its

possibility relative to aquifer capacity.

Let me know what your schedule looks like for next week for us to convene in person or on a call.

Thank you,

Kevin

Kevin Coughlin, PE | Vice President
4 E Wacker Drive, Suite 2700, Chicago, IL 60601
d: 312.824.3801 | c: 647.529.6102 | manhard.com

M Manhard

CONSULTING
Chul Engineering .Daweying , Waser Rinsouroes Menagernent
Compaction Managers | Lexdecepe Arctiiectre | Prerring

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---- page 197 ----

Mike Drella

Kevin Coughlin <kcoughlin@manhard.com>

From:

Sent: Thursday, June 5, 2025 7:47 AM
To: banderson@belviderell.gov
Ce: Mullady, Conor; David Halligan
Subject: Project Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good afternoon Brent,

| hope all is well with you. As we are having some more advanced conversations about this project, | wanted
to see if we could reconvene and discuss water and sewer servicing options in a little more detail. Goals for
this meeting focusing on technical aspects would be to have a good idea of connection points, routes, costs
and incentives. Understanding the incentives might need to be a separate meeting with a larger group.

As an update per your request in our meeting late last year: we are anticipating a primarily air cooled system
within the 250-500 MGD capacity from your current well. There is a small possibility of a water cooled system
which gets into several million gallons per day — I would like to spend a little time on this to understand its

possibility relative to aquifer capacity.

Let me know what your schedule looks like for next week for us to convene in person or on a call.

Thank you,
Kevin

Kevin Coughlin, PE | Vice President
4 E Wacker Drive, Suite 2700, Chicago, IL 60601
d: 312.824.3801 | c: 847.629.6102 | manhard.com

nl Manhard

CONSULTING

Civil Enginecting | Surveying | Weter Resourees Management
Gonsirvetion Mtansgement | Landscape Arautecture | Planning

This email has been scanned for email related threats and delivered safely by Mimecast.
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---- page 198 ----

e Drella ee

David Halligan <dhalligan@datawattenergy.com>

From:

Sent: Friday, May 23, 2025 9:43 AM

To: Clint Morris

Ce: Conor Mullady

Subject: Re: City of Belvidere Ltr. of support

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good morning, Mayor Morris.

Thank you very much for your continued support and partnership on this exciting project. We're confident of its success
for the City of Belvidere. We look forward to engaging with City staff on the annexation process.

Kindest regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On May 22, 2025, at 8:26 PM, Clint Morris <mayor@belvidereil.gov> wrote:

Gentleman,
Please find attached letter of support.

Kind regards,

Clinton Morris

Mayor, City of Belvidere
815-544-2612 (0}

<4698_001.pdf>

---- page 199 ----

SS MD

Mike Drella
————

From: mayor@BelviderelL.gov

Sent: Thursday, May 22, 2025 8:26 PM
To: dhalligan@datawattenergy.com
Cc: Conor.Mullady@jll.com
Subject: City of Belvidere Ltr. of support
Attachments: 4698_001.pdf

importance: High

Gentleman,

Please find attached letter of support.

Kind regards,

Clinton Morris

Mayor, City of Belvidere
815-544-2612 (0)

---- page 200 ----

i es

401 WHITNEY BLVD., STE., 100, BELVIDERE, IL 61008

CLINTON MORRIS, MAYOR BELVIDERE, ILLINOIS PHONE: 815-544-2612
FAX: 815-544-3060

mayor@belvidereil.gov ESTABLISHED 1881

May 22, 2025

David Halligan

Co-Founder

Datawatt Energy

205 South Peoria Street

Chicago, IL 60607

Email: dhalligan@datawattenergy.com

RE: Project Hawkeye — City of Belvidere, Illinois

Dear Mr. Halligan,

lam writing to express my enthusiastic interest in your proposed development project (Project

As Mayor,
Genoa Road, south of Interstate 90 (Boone County).

Hawkeye}, to be located in Belvidere generally along

City staff are committed to providing visionary leadership and guidance to ensure that growth and well-

being of our residents while fostering development and innovation in the City of Belvidere continues as a
priority. 1 believe Project Hawkeye aligns with these goals and benefits our community significantly.

We believe that Project Hawkeye is poised to provide long-term economic benefits for the citizens of
Belvidere and the surrounding region. Creating high-skilled jobs, increasing tax revenue, and attracting
ancillary businesses will contribute to our local economy's diversification and growth.

‘As well, this proposed state-of-the-art data center development will continue to position the City of
Belvidere as a hub for technological advancement development projects with the potential to attract
further Investment and talent to our Growth Corridor.

Jam supportive of a Data Center at this location. Furthermore, the City wishes to explore extending City

utility services and entitlements to the entire territory, not only the property under Datawatt Energy's
control, but also the surrounding territory. Of course, annexation and development are subject to City

Council review and approval.

---- page 201 ----

| would encourage your team to schedule a meeting with City staff to begin evaluating the process of
annexation into Belvidere and pursuing zoning approval for the property as a data center development.
We at the City of Belvidere are eager to assist with any questions or issues related to your development
project, including the process, planning and its ultimate success.

Please fee! free to contact me if | can be of assistance.

Kind regards,

Clinton Morris
Mayor of Belvidere, Illinois
815-544-2612 (0)

---- page 202 ----

Mike Drella

From: mayor@Belviderell.gov

Sent: Monday, May 19, 2025 4:16 PM

To: Conor.Mullady@jll.com

Subject: RE: Belvidere Letter of Support - Project Hawkeye
Conor,

In receipt of.

Thank you.

Clinton Morris
Mayor, City of Belvidere
815-544-2612 (0)

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, May 19, 2025 10:06 AM

To: Clint Morris <mayor@BelviderelL.gov>

Cc: David Halligan <dhalligan@datawattenergy.com>
Subject: Belvidere Letter of Support - Project Hawkeye

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor Morris -
Thank you for your time this morning. Attached is a drafted letter for your review.

Please feel free to pull or add to this drafted letter of support for Project Hawkeye. We would like this to be on City of
Belvidere letter head if all possible.

“Please confirm receipt”
If all possible, we would like to have this letter back by Thursday, May 22"! to submit along with our ComEd application.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

‘Tel: +1 312 228 3122
Mobile: +1 847 308 9912
con pale

conor.mullady@am.jll.com

---- page 203 ----

@JLL

Ey;
ine of World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how JL processes your personal data, please click here
This email Is for the use of the intended recipient(s) only, If yau have received this email in error, please notify the sender immediately and then delete it. # you are
not the intended recipient, you must not keep, use, disclose, copy or distribute this ernai! without the euthor's prior permission. We have taken precautions to
Ininimize the risk of transmitting software viruses, but we advise you to tarry out your awn virus checks on any atlechment to this message. We cannot accept
fabilty for any loss or damage caused by software virusas, The information contained in this communication may be confidential and may be subject to the
attorney-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the furure then please respond (o

the sender to this effect.

---- page 204 ----

Mike Drella

From:

Sent:

To:

Ce:

Subject:
Attachments:

Mullady, Conor <Conor.Mullady@jll.com>
Monday, May 19, 2025 10:06 AM

Clint Morris

David Halligan

Belvidere Letter of Support - Project Hawkeye

Belvidere - Support Letter.docx

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor Morris —

Thank you for your time this morning. Attached is a drafted letter for your review.

Please feel free to pull or add to this drafted letter of support for Project Hawkeye. We would like this to be on City of
Belvidere letter head if all possible.

**Please confirm receipt™*

If all possible, we would like to have this letter back by Thursday, May 224 to submit along with our ComEd application.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +} 847 308 9912

col lady@am jll.com
jll.com/chicago/industrial

@ LL

One of the 2025 World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how .JLL processes your personal data, please click here
‘This email is for the use of the intended recipient(s) only. if you have received this email in error, please notify the sender immediately and then delete it. f you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmilting software viruses, but we advise you lo carry oul your own virus checks on any attachment to this message. We cannol accept
liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the

1

---- page 205 ----

attomey-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond 10
the sender to this effect.

---- page 206 ----

Mike Drella

From: mayor@Belviderell.gov

Sent: Wednesday, February 12, 2025 4:41 PM
To: Conor.Mullady@jll.com

Subject: RE: Project Hawkeye, Belvidere

Great. Thank you Conor.

Clinton Morris
Mayor, City of Belvidere
815-544-2612 (0)

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, February 12, 2025 4:18 PM
To: Clint Morris <mayor@BelviderelL.gov>
Subject: RE: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Perfect - Lets do 10:00am.
lll send you an invite, but we will call you directly.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
iy@am ill
www. j.com/chicaeo/industrial

From: Clint Morris <mayor @Belviderell.gov>
Sent: Wednesday, February 12, 2025 4:11 PM

To: Mullady, Conor <: ¢.Mullad m>
Subject: RE: Project Hawkeye, Belvidere

---- page 207 ----

| Caut

Yes, What about 10:00am?

Message fromm external sender

From: Mullady, Conor <Conor.Mullady @ill.com>
Sent: Wednesday, February 12, 2025 12:28 PM
To: Clint Morris <mayor @Belviderell.gov>
Subject: FW: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor ~

Good afternoon. Thank you for your time yesterday.

Left a voicemail for you earlier today. Would you have time tomorrow morning to connect with David and I?

Let us know your availability and I’m happy to call you directly.

Conor

Conor Mallady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
ns @am.j

01

From: David Halligan <dhalligan@datawattenerzy.com>
Sent: Monday, February 10, 2025 10:39 PM

To: mayor @belvidereil,zov; mdrella@belvidereil.zov
Cc: Mullady, Conor <Conor.Mullad
Subject: Project Hawkeye, Belvidere

Hi Mayor Morris and Mike,

---- page 208 ----

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide

you with an update on Project Hawkeye.

Our apologies for not connecting with you sooner and keeping you apprised of project status since last
speaking with you late last year. Our core focus has been on evaluating the interconnection process with
ComEd and the timing of power delivery to our site. We've had multiple conversations with ComEd to assess
timing of submitting a load request application and are hearing of a growing imbalance between the demand
for power and ComEd’s current capacity to supply this power. This imbalance is directly related to the high
volume of load requests from data centers to ComEd and the need for substantial investment in new power
generation and transmission infrastructure to meet this power demand.

his imbalance in power demand / supply and structured our business model to
address this issue, the pace at which this imbalance has materialized has exceeded even the expectations of
the broader power industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the
energy landscape. ComEd is now suggesting that delivery of power could extend beyond six years from
submittal of load request. This long time horizon makes it difficult to attract end-user data customers who

require immediate access to power.

Although we anticipated t!

that will bridge this gap in power supply and allow us to develop
inwavering belief in the potential of Project
solutions to deliver on this potential.

We have been working hard to find solutions
and power the site independently of ComEd. We have an u!
Hawkeye and are doing everything we can to create power
Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know
what works best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

ci
One of the 2024 World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how JL processes your personal data, please click here
Foon tector ihe use of he inlended recipienl(s) only. if you have received this email n error, please notify the sender immediately and then delete it. If you are
aot naetended recipient, you must nol Keep, use, disclose, copy or distribute this email without the authors priot permission, We have taken precautions to

's checks on any attachment to this message. We cannot accept

ininimize the risk of transmiiting sofivare viruses, but we advise yau to carry oul your own virus
ommunication may be confidential and may be subject to the

flabilty for any loss or damage caused by software viruses. The information contained in this c
ded recipient and you do not wish to recelve similar electronic messages from us in the future then please respond to

attorney-client privilege. If you are the inten
the sender to this effect.

---- page 209 ----

Mike Drella

From: mayor@BelviderellL. gov

Sent: Wednesday, February 12, 2025 4:19 PM
To: Conor.Mullady@jll.com

Subject: Accepted: Project Hawkeye Discussion

Attachments: attachmentics

---- page 210 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Wednesday, February 12, 2025 4:19 PM
To: mayor@belvidereil.gov; David Halligan
Subject: Project Hawkeye Discussion
Attachments: attachment.ics

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +4 312 228 3122

Mobile: +1 847 308 9912
ullady@am jt.

www. ill. com/chicago/industrial

JLL

e 2 ‘orld’ Ethical Compani
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
In error, please notify the sender immediately and then delete i. If you are

This emait is for the use of the intended recipient(s) only. if you have recelved this emal
fot the intended recipient, you must not Keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions fo

panimize the rick of iranemilling software viruses, but we advise you to carry out your own virus checks on any atlachment to this message. We cannot accept
fabilty for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject 19 Ne
Bilomney-cent privilege, fl you ate the intended recipient and you do not wish 1 receive similar electronic messages from us in the future then please respond 0

the sender to this effect.

---- page 211 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com >

From:

Sent: Wednesday, February 12, 2025 4:18 PM
To: Clint Morris

Subject: RE: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

Perfect — Lets do 10:00am.

Pil send you an invite, but we will call you directly.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, HL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
nor @am.j

gonor.mullady@am.jll.com

@sLL

From: Clint Morris <mayor@Belviderell.gov>
Sent: Wednesday, February 12, 2025 4:11 PM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye, Belvidere

Yes. What about 10:00am?

From: Mullady, Conor <Conor.M' lady @ijll.com>
Sent: Wednesday, February 12, 2025 12:28 PM
To: Clint Morris <mayor@Belviderell.gov>
Subject: FW: Project Hawkeye, Belvidere

---- page 212 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor —
Good afternoon. Thank you for your time yesterday.

Left a voicemail for you earlier today. Would you have time tomorrow morning to connect with David and |?
Let us know your availability and I'm happy to call you directly

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +] 312 228 3122
Mobile: +1 847 308 9912
conor, dam.)

conor.mullady@am jlL.com
www. jll.com/chicago/industrial

@ sLL

From: David Halligan <dhailigan @datawattenergy.com>
Sent: Monday, February 10, 2025 10:39 PM

To: mayor @belvidereil.gov; mdrella@belvidereil.gov
Ce: Mullady, Conor <Conor.Mullady @)ll.com>

Subject: Project Hawkeye, Belvidere

Hi Mayor Morris and Mike,

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide
you with an update on Project Hawkeye.

Our apologies for not connecting with you sooner and keeping you apprised of project status since last
speaking with you late last year. Our core focus has been on evaluating the interconnection process with
ComEd and the timing of power delivery to our site. We've had multiple conversations with ComEd to assess
timing of submitting a load request application and are hearing of a growing imbalance between the demand
for power and ComEd’s current capacity to supply this power. This imbalance is directly related to the high
volume of load requests from data centers to ComEd and the need for substantial investment in new power

generation and transmission infrastructure to meet this power demand.

2

---- page 213 ----

Although we anticipated this imbalance in power demand / supply and structured our business model to
address this issue, the pace at which this imbalance has materialized has exceeded even the expectations of
the broader power industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the

ComEd is now suggesting that delivery of power could extend beyond six years from

energy landscape.
‘a customers who

submittal of load request. This long time horizon makes it difficult to attract end-user dat:
require immediate access to power.

We have been working hard to find solutions that will bridge this gap in power supply and allow us to develop
and power the site independently of ComEd. We have an unwavering belief in the potential of Project
Hawkeye and are doing everything we can to create power solutions to deliver on this potential.

Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know
what works best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

=

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal dala, please click here
This email is for the use of the intended recipient(s) only. !f you have received this ‘email in error, please notify the sender immediately and then delete it. If you are
distribute this email without the author's prior permission. We have taken precautions to

tiability for any loss or damage ‘caused by software viruses. The information contained i
attorney-client privilege. Hf you are 1
the sender to this effect.

---- page 214 ----

Mike Drella

mayor@Belviderell.gov

From:

Sent: Wednesday, February 12, 2025 4:11 PM
To: Conor.Mullady@jll.com

Subject: RE: Project Hawkeye, Belvidere

Yes. What about 10:00am?

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, February 12, 2025 12:28 PM
To: Clint Morris <mayor@Belviderell.gov>
Subject: FW: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor —
Good afternoon. Thank you for your time yesterday.
Left a voicemail for you earlier today. Would you have time tomorrow morning to connect with David and 1?

Let us know your availability and I'm happy to call you directly.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
Jam.

@)

conormullady@am.jl.com
itLcom/chicaso/industr

@J

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, February 10, 2025 10:39 PM

To: mayor@belvidereil.gov; mdrella@belvidereil gov
Cc: Mullady, Conor <Conor.Mullady @j!l.com>

Subject: Project Hawkeye, Belvidere

---- page 215 ----

| Caution: Message from external send

Hi Mayor Morris and Mike,

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide
you with an update on Project Hawkeye.

Our apologies for not connecting with you sooner and keeping you apprised of project status since last
speaking with you late last year. Our core focus has been on evaluating the interconnection process with
ComEd and the timing of power delivery to our site. We’ve had multiple conversations with ComEd to assess
timing of submitting a load request application and are hearing of a growing imbalance between the demand
for power and ComEd’s current capacity to supply this power. This imbalance is directly related to the high
volume of load requests from data centers to ComEd and the need for substantial investment in new power
generation and transmission infrastructure to meet this power demand.

Although we anticipated this imbalance in power demand / supply and structured our business model to
address this issue, the pace at which this imbalance has materialized has exceeded even the expectations of
the broader power industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the
energy landscape. ComEd is now suggesting that delivery of power could extend beyond six years from
submittal of load request. This long time horizon makes it difficult to attract end-user data customers who

require immediate access to power.

We have been working hard to find solutions that will bridge this gap in power supply and allow us to develop
and power the site independently of ComEd. We have an unwavering belief in the potential of Project
Hawkeye and are doing everything we can to create power solutions to deliver on this potential.

Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know
what works best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhaliigan@datawattenergy.com

Web: www.datawattenergy.com

One of the 2024 World's Most Ethical Companies®

Jones Lang LaSalle

Fer more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and then delete it. If you are
not the intended recipient, you must nol keep, use, disclose, copy or distribute this emai without the author's prior permission. We have taken precautions to
minimize the risk of transmitting soflware viruses, but we advise you to carry aul your own virus checks on any attachment to this message. We cannot accep!
liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
allorney-clien! privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the fulure then please respond to

the sender to this effect
2

---- page 216 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Wednesday, February 12, 2025 12:28 PM
To: Clint Morris

Subject: FW: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mayor —
Good afternoon. Thank you for your time yesterday.

Left a voicemail for you earlier today. Would you have time tomorrow morning to connect with David and |?
Let us know your availability and I'm happy to call you directly.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

ady@am. jl.
lL icago/industri

@JLL

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, February 10, 2025 10:39 PM

To: mayor@belvidereil. gov; mdrella@belvidereil.gov
Cc: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Project Hawkeye, Belvidere

Hi Mayor Morris and Mike,

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide
you with an update on Project Hawkeye.

---- page 217 ----

Our apologies for not connecting with you sooner and keeping you apprised of project status since last
speaking with you late last year. Our core focus has been on evaluating the interconnection process with
ComEd and the timing of power delivery to our site. We’ve had multiple conversations with ComEd to assess
timing of submitting a load request application and are hearing of a growing imbalance between the demand
for power and ComEd’s current capacity to supply this power. This imbalance is directly related to the high
volume of load requests from data centers to ComEd and the need for substantial investment in new power
generation and transmission infrastructure to meet this power demand.

Although we anticipated this imbalance in power demand / supply and structured our business model to
address this issue, the pace at which this imbalance has materialized has exceeded even the expectations of
the broader power industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the
energy landscape. ComEd is now suggesting that delivery of power could extend beyond six years from
submittal of load request. This long time horizon makes it difficult to attract end-user data customers who

require immediate access to power.

We have been working hard to find solutions that will bridge this gap in power supply and allow us to develop
and power the site independently of ComEd. We have an unwavering belief in the potential of Project
Hawkeye and are doing everything we can to create power solutions to deliver on this potential.

Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know
what works best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com

Web: www.datawattenerpy.com

One of the 2024 World's Most Ethical Companies®

Jones Lang LaSatle

For more information about how JLL processes your personal data, please click here
This emall is for the use of the Intended recipient(s) only. If you have received this email In error, please notify the sender immediately and then delete it. if you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment te this message. We cannot accept
liability for any loss or damage caused by software viruses. The information contained in thls communication may be confidential and may be subject to the
atlorney-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us In the future then please respond to

the sender to this effect.

---- page 218 ----

Mike Drella

David Halligan <dhalligan@datawattenergy.com>

From:

Sent: Monday, February 10, 2025 10:39 PM

To: mayor@belvidereil.gov; mdrella@belvidereil.gov
Ce: Conor Mullady

Subject: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mayor Morris and Mike,

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide you with
an update on Project Hawkeye.

Our apologies for not connecting with you sooner and keeping you apprised of project status since last speaking with
you late fast year. Our core focus has been on evaluating the interconnection process with ComEd and the timing of
power delivery to our site. We’ve had multiple conversations with ComEd to assess timing of submitting a load request
application and are hearing of a growing imbalance between the demand for power and ComEd’s current capacity to
supply this power. This imbalance is directly related to the high volume of load requests from data centers to ComEd
and the need for substantial investment in new power generation and transmission infrastructure to meet this power

demand.

Although we anticipated this imbalance in power demand / supply and structured our business model to address this
issue, the pace at which this imbalance has materialized has exceeded even the expectations of the broader power
industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the energy landscape. ComEd is
now suggesting that delivery of power could extend beyond six years from submittal of load request. This long time
horizon makes it difficult to attract end-user data customers who require immediate access to power.

We have been working hard to find solutions that will bridge this gap in power supply and allow us to develop and
power the site independently of ComEd. We have an unwavering belief in the potential of Project Hawkeye and are

doing everything we can to create power solutions to deliver on this potential.

Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know what works
best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 219 ----

Mike Drella

Mullady, Conor <Conor.Mullady@jll.com>

From:

Sent: Wednesday, January 8, 2025 4:52 PM
To: Brent Anderson

Subject: RE: Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Thank you Brent — Let me confirm with our Team and follow-up.

Enjoy your evening.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor,mullady@am.jll.com

From: Brent Anderson <banderson@BelviderelL.gov>

Sent: Wednesday, January 8, 2025 4:43 PM.
To: Mullady, Conor <Conor.Mullady@jll.com>

Subject: RE: Belvidere

der

Good Afternoon Conor,

1am available Monday (13") afternoon, Tuesday (14") any time and Thursday (16") afternoon.

Brent

From: Mullady, Conor ila jILcom>
Sent: Wednesday, January 8, 2025 12:00 PM
To: Brent Anderson <banderson@BelviderelL.gov>

Subject: RE: Belvidere

---- page 220 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent -

Good afternoon and Happy New Year!!

What dates/times are you available next week to have a call with our Development Team? Due to the holiday break, some
people are return this week and have limited time.

Thank you,
Conor

Conor Mullady

Senior Vice President.

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

From: Brent Anderson <bai on @Belviderell.gov>
Sent: Tuesday, December 24, 2024 10:43 AM
To: Mullady, Conor <Conor, com>

Subject: RE: Belvidere

| ei age from/exten

Good Morning Conor,

lam available in the afternoon on January 6", 7 and 8" to talk about water and sanitary sewer.

Brent

From: Mullady, Conor <Conor,Mullady@ilLcom>
Sent: Monday, December 23, 2024 12:25 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: David Halligan <dhalligan@datawattenergy.con)>; Brent Anderson <banderson@Belviderell gov>; Clint Morris
<mayor@felviderell gov>

Subject: Re: Belvidere

---- page 221 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
David and | are available - Feel free to call me directly and I'll patch in David.
Thank you,

Conor
847.308.9912

Sent from my iPhone

On Dec 23, 2024, at 12:15 PM, Mike Drella <mdretla@belvidereil.gov> wrote:

Conor and David —

Are you available for a quick call sometime around 3:00 today? If not, let me know some times that you
are available later in the week.

Thanks

Mike

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. f you have received this email in error, please notify the sender immediately and then delete it. H you are

‘not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to

ize the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message. We cannot accept
liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
attorney-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond to

the sender to this effect.

---- page 222 ----

Mike Drella

banderson@Belviderell.gov

From:

Sent: Wednesday, January 8, 2025 4:43 PM
To: Conor.Mullady@jill.com

Subject: RE: Belvidere

Good Afternoon Conor,

1am available Monday (13") afternoon, Tuesday (14"") any time and Thursday (16") afternoon.
Brent

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, January 8, 2025 12:00 PM

To: Brent Anderson <banderson@BelviderelL.gov>
Subject: RE: Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent —

Good afternoon and Happy New Year!

What dates/times are you available next week to have a call with our Development Team? Due to the holiday break, some
people are return this week and have limited time.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicayo, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.ill.com

[ll.cor i

@ JLL

From: Brent Anderson <panderson@Belvi Bov>
Sent: Tuesday, December 24, 2024 10:43 AM

---- page 223 ----

To: Mullady, Conor <Conor.Mullad y@jll.com>
Subject: RE: Belvidere

| Caution: Message fron external sender

Good Morning Conor,

1am available in the afternoon on January 6", 7" and 8" to talk about water and sanitary sewer.

Brent

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Monday, December 23, 2024 12:25 PM
To: Mike Drella <mdrella @Belviderelt.gov>

Ce: David Halligan <dhalligan @datawattenergy.com>; Brent Anderson <panderson@BelviderelL,goy>; Clint Morris
<mayor@BelviderelL.gov>

Subject: Re: Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
David and | are available - Feel free to call me directly and I'll patch in David.

Thank you,
Conor
847.308.9912

Sent from my iPhone

On Dec 23, 2024, at 12:15 PM, Mike Drella <mdrella @belvidereil.gov> wrote:

| eau

Conor and David —

Are you available for a quick call sometime around 3:00 today? If not, let me know some times that you
are available later in the week.

Thanks

Mike

---- page 224 ----

One of the 2024 World's Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipieni(s) only. If you have received this email in error, please notify the sender immediately and then delete it If you are

not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmitting softwere viruses, but we advise you to carry out your own virus checks on any atlachment to this message. We cannot accept
liability for any loss or damage caused by sofiware viruses. The information contained in this communication may be confidential and may be subject to the
altorney-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the future then please respond to

the sender to this effect.

---- page 225 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Wednesday, January 8, 2025 12:00 PM
To: Brent Anderson
Subject: RE: Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent —

Good afternoon and Happy New Year!!

What dates/times are you available next week to have a call with our Development Team? Due to the holiday break, some
people are return this week and have limited time.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

TeJ; +1 312 228 3122
Mobile: +1 847 308 9912

conor. mullady@am.jll.com
ill.com/chicatofindustrial

@ LL

From: Brent Anderson <banderson@Belviderell.gov>
Sent: Tuesday, December 24, 2024 10:43 AM

To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Belvidere

Good Morning Conor,

| am available in the afternoon on January 6", 7" and 8" to talk about water and sanitary sewer.

Brent

---- page 226 ----

From: Mullady, Conor <Conor.Mullady@ijll.com>
Sent: Monday, December 23, 2024 12:25 PM

To: Mike Drella <mdrella Ividerell.gov>
Cc: David Halligan <dhallli latawattenergy.com>; Brent Anderson <banderson @Belviderell.gov>; Clint Morris

<mayor@BelviderelL.gov>

Subject: Re: Belvidere
This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

Mike -

David and | are available - Feel free to call me directly and (’ll patch in David.

Thank you,
Conor
847.308.9912

Sent from my iPhone

On Dec 23, 2024, at 12:15 PM, Mike Drella < Na@belvit il Bov> wrote:

Conor and David -

Are you available for a quick call sometime around 3:00 today? If not, let me know some times that you
are available later in the week.

Thanks

Mike

Jones Lang LaSalle

For rnore information about how JL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. It you have received this email in error, please notify the sender immediatly and then delete it. if you are
not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior permission. We have taken precautions to
minimize the risk of transmitting software Viruses, but we edvise you lo carry ou! your own virus checks on any attachment to this message. We cannot accept
liability for any loss or damage caused by software viruses. The information contained in this communication may be confidential and may be subject to the
attomey-client privilege. If you are the intended recipient and you do not wish to receive similar electronic messages from us in the fulure then piease respond to
the sender to this effect.

---- page 227 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella

ce: Mullady, Conor

Subject: Re: Project Hawkeye (LL)

Attachments: DWE Project Hawkeye_11.25.24.pdf

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related benefits to the City
of Belvidere. In summary, the deck details our intended land use, scope of the project, estimates on job creation and the
economic impact for the City of Belvidere and an estimated timeline to complete. Our sincerest intention is to deliver a
project with thoughtful stewardship for the community of Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush family properties
and the potential costs to extend the utilities to our project site. In addition, we would like to visit about potential incentives

available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your convenience to
discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like to arrange a call
next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

Mike —
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on Thursday
morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

---- page 228 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

@ JL

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor—

Thank you for taking the time to talk about the project. As we discussed, the City is requesting
additional information regarding the project including, but not limited to, land uses, jobs creation,
economic impact, timeline and scope of the project. The City would also like an idea of what requests
your client has of the City such as our current utility extension discussions as well as any other requests
your client my have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the administration

something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with the Hawkeye
team and the City team to discuss annexation of their properties in order to establish contiguity as well

as utility extensions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @jil.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella@BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

---- page 229 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.
We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM

To: Mullady, Conor <Conor.Mullady@ill.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady @jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20 minute call.

Let me know and thank you for your time.

Conor

---- page 230 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@ill.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for reaching out. This is a bit of a crazy week with court and electoral board challenges. My
only availability as of right now is Thursday morning this week. Friday may open up a bit. | can let you
know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

Good afternoon. Thank you again for all your time the other week to discuss Project Hawkeye.

I left a voicemail for you last Friday - Would you have availability this week for a half hour call to discuss
project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

---- page 231 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial

go

One of the 2024 World’s Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and
‘then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission, We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect,

---- page 232 ----

PROJECT HAWKEYE

Digital innovation complex

760 acres | Boone County, Illinois

S DATAWATT

L/ }) ENERGY

David Halligan
617.513.8893
dhalligan@datawattenergy.com

Datawatt Energy is represented by:

JLL

Conor Mullady, JLL
847.308.9912
Conor.Mullady@jll.com

---- page 233 ----

PROJECT HAWKEYE

ENERGY

) DATAWATT
ce

Pearl St

Summerfield Zoo 2

* Property boundary is an approximation and is not true to scale.

Datawatt Energy is developing a digital
innovation complex anchored by a multi-
building data center campus. The
complex is to be sited on an
approximately 760-acre multi-parcel
property in Belvidere (Boone County),
Illinois. The property is currently zoned
agricultural and is controlled under a
purchase and sale agreement with a
single landowner.

The northern boundary of the property is
approximately one-quarter mile south of
Interstate 90 and conveniently located
90 minutes from downtown Chicago.

Core to the Datawatt strategy is securing
power from renewable energy sources to
support the sustainability profile of the
development. Datawatt plans to
interconnect the complex into a 345kV
ComEd transmission line transecting the
Property with an initial target for a
+1,000-megawatt data center campus.

Confidential 2

---- page 234 ----

PROJECT HAWKEYE

DATAWATT

Illinois Expertise

Project Hawkeye is being developed by a team of
Illinois-based energy, construction and engineering

firms:

DATAWATT

ENERGY

Pepper —

Tomorrow warwomed/

M4 Manhard.

CONSULTING

Lead Developer

Renewable energy developer with over $20
billion and 15,000 megawatts of energy
project experience across North America.

Infrastructure Partner

General contracting and construction
management firm that has served private
and government sectors since 1927.

Civil and Engineering Partner
Full-service civil engineering and surveying
firm with over 50 years experience serving
public and private clients nationwide.

DR9401 Franklin Park, Illinois

385,000 sqft. two-story data center by Pepper Construction in Franklin Park, IL. Build-
out included new utility substation and 30,000 sqft. office facilities.

Confidential 3

---- page 235 ----

DATAWATT

PROJECT HAWKEYE

J ENERGY

(cs o
——-vanesville Elkhorn °
~. Chicago
) { Escoct } Tier 1 Data Center Market
sense enaeaBelolt ©
Northern Illinois is attracting hyperscale
Roscoe Harvard data centers due to the region's strategic
advantages, including robust
Loves Park infrastructure, reliable access to power
pena Marengo and established fiber network.
or =e
; NM foe Chicago is a key hub for data center

@ S Usrerer ies which development, driven by its central

a Penview) location, strong connectivity to major

— -Evanston,

4 — Lia U.S. cities, and relatively low risk for
Sycamore | G A gl . .
al 500 ‘ gie —— See natural disasters. Large players such as
oe a @ oe SS | 2 Google, Microsoft, and Meta have been
NV oometa | oOMet - - expanding their facilities in the region.
eta j-
AB Dekalb J Confidential 4
2] re P

‘Naperville

---- page 236 ----

PROJECT HAWKEYE

ro +) DATAWATT

) ENERGY

Sustainable Data Centers

Investing in the rising data center economy*
January 17, 2023

“Data centers are big energy consumers—a
hyperscaler’s data center can use as much power as
80,000 households do. Pressure to make data centers
sustainable is therefore high, and some regulators and
governments are imposing sustainability standards on
newly built data centers.

In fact, the use of renewable energy is a critical
component of the hyperscalers’ strategies.”

* https://www.mckinsey.comvindustries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy

McKinsey
& Company

US data center demand is forecast to grow by some 10 percent a year
until 2030.

Data center power consumption, by
providers/enterprises,' gigawatts

35 —

Data center power consumption, by
providers/enterprises,' % share

sae Ct - wr

Enterprises
30
_

26 — =" |

ita _ Co-location
20- i companies.
qe-) CAR j

+13.0% I
“alll ol

° so 2020 2014 2030

"Demand is measurad by power consumption to retire the numberof servers a datn center can house, Demand includes regawalls for storage, servers,
and networks

Confidential 5

---- page 237 ----

PROJECT HAWKEYE

Major Economic Driver

* f | x
Project Hawkeye will be a major economic _ JOBS
driver forthe City of Belvidere by creating high- BS >3,000
paying construction jobs and permanent high- aaah Gropertye Leen ties
tech positions, while increasing tax revenues to Permanent Revenue

support public services and infrastructure.

This transformative investment expands

INVESTMENT EDUCATION

Belvidere’s role as a key player in the

technology sector, attracting future business 3 caper al

opportunities and fostering long-term growth in — $3.0B $2.0M

the new digital economy. ) Equipment & SPONSOIsHips
Infrastructure Donations

* Alljobs, taxes, investment and sponsorship amounts are estimates only and are based on Project Hawkeye initial concepts and comparable hyperscale data Confidential 6
center developments, Actual amounts and the related timing may vary.

---- page 238 ----

PROJECT HAWKEYE

DATAWATT

ENERGY

Job Creation

Summary of Job Creation Estimates for Project Hawkeye:

1. Construction Phase:

1. Direct: 1,000 - 1,500 construction and contracting jobs
2. Indirect: 1,500 - 3,000 suppliers and local service jobs
3. Total: 2,500 - 4,500 jobs

2. Operations Phase:
1. Direct: 200 - 250 permanent operationaVtechnician jobs
2. Indirect: 400 - 750 supplier and local service jobs
3. Induced*: 500- 1,000 jobs
4. Total: 1,100 - 2,000 jobs

* Induced Jobs: Created by the increased economic activity of

those employed directly or indirectly (e.g., spending by workers in
housing, healthcare, and local retail).

Economic Impact Multiplier
Data center projects often generate $5 to $8 in local economic

activity for every $1 spent on operations, further emphasizing their
significant local benefits.

W.W. Grainger Data Center Lake County, Illinois
30,000 sqft. LEED certified v4 data center with engineering, water resource and
surveying services by Manhard Consulting.

Confidential 7

---- page 239 ----

PROJECT HAWKEYE }eATawart

Preliminary
Concept Plan

Phase 1.0: 1,000 MW Data Campus
* — Sited on +/- 300 acres of total 760-acre
property
* — Environmental & community stewardship
considerations:
“Noise, water and air quality
* Landscaping and screening
Traffic and emergency services
“Educational and job training

* — Initial data center ramp schedule*:

‘SITE DATA

Future crennes SS
Phase Sawmonan

|
= Manhardl

Phase 1.0 ; “Year 5: 200 MW

+/-300 HE Year7: 500 MW

ees A Year 10: 1,000 MW
Es

Future phases will complement the data
campus and will enhance Belvidere’s
Presence as a growing tech community.

* Pending lead time and build-out of substation and
electrical infrastructure
Confidential 8

---- page 240 ----

PROJECT HAWKEYE

ru DATAWATT

ENERGY

TasPe) ASHE wnOreyDUa-UOIRE

am

Byron Nuctes
2049

new

|

©) comed

AN EXELON COMPANY

) Transmission Map

Er

Load Request

Project Hawkeye is in ComEd service territory.
ComEd has a detailed phased engineering
process to evaluate serving a load request of
1,000 megawatts. Load service engineering and
construction is expected to be a 4 to 5-year
process:

Phase 1: Scoping Engineering (8 - 10 months)
+ Preliminary engineering design

+ — System reinforcement evaluation

+ Equipment requirements and cost

Phase 2: Detailed Engineering (8 - 10 months)
+ Procurement of long lead materials

* — Permitting and final design

* Construction schedule and final cost

Phase 3: Construction (est. 2-3 years)
+ Field work, livening, commissioning and testing
* Coordination with PJM (regional transmission
organization)
+ Equipment placed in service
Confidential 9

---- page 241 ----

PROJECT HAWKEYE Ly oATAwatt

Initial Timeline and Plan

Datawatt Energy is estimating the planning, design and development phase of Project Hawkeye to require approximately two years
to complete. We aim to align final campus design and kick-off of site works with that of ComEd’s construction of the electrical
infrastructure and substations. Full construction of campus and ramp of service to require estimated 10 years to complete.

Project Planning and Development Phase

PROJECT START CONCEPT COMMUNITY COMED FACILITY FACILITY
PLANNING ENGAGEMENT PHASE 3 OPERATIONAL OPERATIONAL
MEET COMED COMED CONSTRUCTION (200 MW) (1,000 MW)
BELVIDERE PHASE 1 PHASE 2
TEAM SCOPING ENGINEERING
L. | ot | es es ;
Sep24 Oct24 Nov24 Jan25  Mar25 Apr25 Jun 25 Jul 25 Dec 25 Sep 26 Estimated Estimated
| 2029 2034
ZONING AND | ‘ |
ANNEXATION Electrical Infrastructure and
INVESTIGATIVE DESIGN AND Facility Construction Phase
AND SURVEY PERMITTING

Confidential 10

---- page 242 ----

PROJECT HAWKEYE

+ DATAWATT

J ENERGY

Energy Sourcing

Sourcing of renewable energy is essential to meeting

the sustainability requirements of Project Hawkeye.

Access to energy and integrating into the local

transmission network are two of the most important

considerations for developing a hyperscale data

center campus. io

Datawatt Energy is developing over 3,000 megawatts
of solar and battery storage projects in Illinois that
can be tapped to complement the base load grid
power supplied by ComEd. To further complement
the energy needs of Project Hawkeye, Datawatt may
engage its extensive network within the renewable

Knight Hawk Coal Mining P.

erry County, Iltinois
energy industry to source energy from the many wind 3,000 MW solar and battery storage projects being developed on reclaimed surface
. . + + coal mines in southern Illinois, coming online 2027 through 2029.
and solar projects under development in Illinois.

Confidential 11

---- page 243 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella

Cec: Mullady, Conor

Subject: Re: Project Hawkeye (JLL)

Attachments: DWE Project Hawkeye_11.25.24.pdf

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related benefits to the City
of Belvidere. In summary, the deck details our intended land use, scope of the project, estimates on job creation and the
economic impact for the City of Belvidere and an estimated timeline to complete. Our sincerest intention is to deliver a
project with thoughtful stewardship for the community of Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush family properties
and the potential costs to extend the utilities to our project site. In addition, we would like to visit about potential incentives

available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your convenience to
discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like to arrange a call
next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:
Mike -

Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on Thursday
morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

---- page 244 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

@ JL

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady @ijll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for taking the time to talk about the project. As we discussed, the City is requesting
additional information regarding the project including, but not limited to, land uses, jobs creation,
economic impact, timeline and scope of the project. The City would also like an idea of what requests
your client has of the City such as our current utility extension discussions as well as any other requests
your client my have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the administration

something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with the Hawkeye
team and the City team to discuss annexation of their properties in order to establish contiguity as well

as utility extensions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @ill.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

---- page 245 ----

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.
We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM

To: Mullady, Conor <Conor.Mullady@ill.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady @jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM

To: Mike Drella <mdrella@Belviderell.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Thank you for the follow-up.

What times on Thursday morning works for you — I would assume it will be a 15/20 minute call.
Let me know and thank you for your time.

Conor

---- page 246 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for reaching out. This is a bit of a crazy week with court and electoral board challenges. My
only availability as of right now is Thursday morning this week. Friday may open up a bit. | can let you

know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

Good afternoon. Thank you again for all your time the other week to discuss Project Hawkeye.

I left a voicemail for you last Friday - Would you have availability this week for a half hour call to discuss
project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

---- page 247 ----

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial

a

One of the 2024 World’s Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and

then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
Checks on any attachment to this message. We cannot accept lability for any loss or damage caused by software viruses. The information
Sontained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 248 ----

Mike Drella

From: Pam Fettes <pfettes@growthdimensions.org>
Sent: Thursday, November 7, 2024 8:51 AM

To: Brent Anderson

Subject: Project Hawkeye

Attachments: DWE Project Hawkeye.pdf

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Brent, can you send any details regarding existing and planned water/sewer services for this
area?

Than you,
Pam

Pamela Lopez-Fettes
Executive Director

GROWTH DIMENSIONS

\ ECONOMIC DEVELOPMENT
BELVIDERE & BOONE COUNTY It

982 Belvidere Rd., Belvidere, Illinois 61008
815.547.4252 | Bet 5.355.2250
Mpfettes @growthdimensions. ww | www.growthdimensions.org

EXCELLENCE in ECONOMIC
DEVELOPMENT AWARDS

2024 SILVER WINNER

1
DO mrremeanceas ecoHoHeC CEMELORMENT COUNER,

The information contained in this communication is confidential and/or privileged and is intended only for the use of the addressee.
Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have
received this communication in error, please notify the sender immediately by return e-mail and destroy this communication and all

copies thereof, including all attachments.

---- page 249 ----

i} DATAWATT

L/ ) ENERGY

Evelyn Lim
213.261.1358
elim@datawattenergy.com

Navin Nagrani

847.840.1475
nnagrani@datawattenergy.com

David Halligan
617.513.8893

PROJECT HAWKEYE mae

Datawatt Energy is represented by:

Digital innovation complex JLL 4

2 ’ Conor Mullady Kevin Coughlin
760 acres | Boone County, Illinois 847.308.9912 312.824.3801

Conor.Mullady@jll.com kcoughlin@manhard.com

---- page 250 ----

PROJECT HAWKEYE

ATAWATT

ENERGY

7 = - 7 _ a 7 - Datawatt Energy is developing a
Belvidere Tollway Oasis {_) B digital innovation complex
SS ee ae ee ee anchored by a multi-building data
center campus. The complex is to
be sited on an approximately 760-
acre multi-parcel property in
Belvidere (Boone County), Illinois.

Project Hawkeye will create a
significant boost to the local
economy of Belvidere by creating
thousands of construction and
permanent high-tech jobs, while
P. mk, increasing tax revenues to support
Sukup Q Property public sonvices and infrastructure,

Pearl St

Gomera i
CACKY Tranisinission tine

This transformative investment will
expand Belvidere’s position as a
key player in the technology sector,
attracting further business
opportunities and continuing to
foster long-term growth in the new
digital economy.

| ncho Los Diaz &

Summerfield Zoo ®

* Property boundary is an approximation and is not true to scale. Confidential 2

---- page 251 ----

PROJECT HAWKEYE
DATAWATT ENERGY
Preliminary Concept Plan
[Color conceptual site plan, Belvidere, Illinois, with the Manhard Consulting logo: a drawing of building footprints, detention areas and a substation. Its labels are too small to be machine-read; see the PDF.]
Confidential 3

---- page 252 ----

PROJECT HAWKEYE

aay

“oS. aa
Janesville “Ektdin Burlington=-~" =
“Delavan ao)
“fe © Microsoft L====*
— County, WI

Roscoe

LV ~
- shoves Park Woodstock
_ ; f i
“SRockford—-~ ~géividere _ JON hs
pay chery vei Marengo "> Crystal Hake
wi fl

$F,
} ~
00 Nae DATAWATT |)

ENERGY

t
—-@ ——} Belvidere, iL }

Sycamore _{ Seoae le
a @ > dekalb ents tt =~
on a aa a

p ~Lsnaaond
\Coometa ooMeta |.
tL DeKalb, IL To i ‘i
ad ay) Ora ‘Naperville: | oa

DATAWATT

J ENERGY

Chicago
Tier 1 Data Center Market

Northern Illinois is attracting hyperscale
data centers due to the region's strategic
advantages, including robust
infrastructure, reliable access to power
and established fiber network.

Chicago is a key hub for data center
development, driven by its central
location, strong connectivity to major
U.S. cities, and relatively low risk for
natural disasters. Large players such as
Google, Microsoft, and Meta have been
expanding their facilities in the region.

Confidential 4

---- page 253 ----

PROJECT HAWKEYE

Eo DATAWATT

J) ENERGY

Sustainable Data Centers

Investing in the rising data center economy’
January 17, 2023

“Data centers are big energy consumers—a
hyperscaler’s data center can use as much power as
80,000 households do. Pressure to make data centers
sustainable is therefore high, and some regulators and
governments are imposing sustainability standards on
newly built data centers.

In fact, the use of renewable energy is a critical
component of the hyperscalers’ strategies.”

McKinsey
& Company

US data center demand is forecast to grow by some 10 percent a year
until 2030.

Date center power consumption, by

Data center power consumption, by
providers/enterprises,’ gigawatts

providers/enterprises,' % share
35 — 100 ~ we oe

Enterprises
30 —
25 -

|"
rash
fn Pal Co-location
20 — companies
'CAGR :
Bi +3.0% |
alll ot

2030 2020

‘Osmand is measured by power corsumption toreiect the number of servers a data centr ean house, Demand includes megawatts fr storage, sewers,
and networks,

1 https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/investing-in-the-rising-data-center-economy

Confidential 5

---- page 254 ----

PROJECT HAWKEYE
DATAWATT ENERGY
Datawatt Energy is an energy developer with over $20 billion and 15,000 megawatts of energy project experience.
Datawatt Energy is developing renewable energy and data center projects on over 14,000 acres across Illinois.
Evelyn Lim
* 20 years renewable energy industry
* Previously Co-Head, Project Finance, Chadbourne & Parke (Los Angeles)
* Terraform Power, Element Power, First Wind
* Milbank, Tweed, Hadley & McCloy LLP
* Cornell University and Fordham University School of Law
David Halligan
* 20 years renewable energy industry
* Previously CEO and CFO, Goldwind Americas
* First Wind, Enel, InterGen, Deloitte
* University of Manitoba
* Certified Public Accountant
Navin Nagrani
* 20 years real estate industry
* Previously Head of Real Estate Business Strategy & Execution, Hilco
* Hewitt Associates, Federal Reserve Bank
* Executive Board of Directors of Real Estate Investment Association
* Loyola University, Chicago
* Licensed Real Estate Broker, Illinois
Confidential 6

---- page 255 ----

PROJECT HAWKEYE

DATAWATT

ENERGY

Select
Sample of
Datawatt
Experience

Shady Oaks Lee County, Illinois
110MW wind project has a 20-year power purchase
agreement with Commonwealth Edison.

=
Tradepoint Atlantic Baltimore, Maryland

Former Bethlehem Steel plant redeveloped as 3,300-acre
logistics campus.

Knight Hawk Coal Mining Perry County, Ittinois
3,000MW solar plus battery storage project being
developed on surface coal mines in southern Illinois.

Steel Winds Lackawanna, New York
20MW wind project sited on former Bethlehem Steel factory.

Confidential 7

---- page 256 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Monday, November 25, 2024 1:12 PM

To: mayor@BelviderelL.gov; banderson@Belviderell.gov; gdelrose@Belviderell.gov
Subject: Fwd: Project Hawkeye (JLL)

Attachments: image001,jpg; DWE Project Hawkeye_11.25.24.pdf

Sent from my iPhone

Begin forwarded message:

From: David Halligan <dhalligan@datawattenergy.com>
Date: November 25, 2024 at 12:13:41 PM CST

To: Mike Drella <mdrella@belvidereil.gov>

Ce: "Mullady, Conor" <Conor.Mullady@jll.com>
Subject: Re: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,

Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your
support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related
benefits to the City of Belvidere. In summary, the deck details our intended land use, scope of the project,
estimates on job creation and the economic impact for the City of Belvidere and an estimated timeline to
complete. Our sincerest intention is to deliver a project with thoughtful stewardship for the community of

Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush
family properties and the potential costs to extend the utilities to our project site. In addition, we would like
to visit about potential incentives available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your
convenience to discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like
to arrange a call next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 257 ----

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

Mike -
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on
Thursday morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
.com/chicago/industrial

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —-

Thank you for taking the time to talk about the project. As we discussed, the City is
requesting additional information regarding the project including, but not limited to,
land uses, jobs creation, economic impact, timeline and scope of the project. The City
would also like an idea of what requests your client has of the City such as our current

utility extension discussions as well as any other requests your client my
have. Obviously, we are a bit early in the discussions and | realize any information

provided or requests are somewhat preliminary in nature. However, it will give the
administration something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with
the Hawkeye team and the City team to discuss annexation of their properties in order
to establish contiguity as well as utility extensions.

Mike Drella
City Attorney
City of Belvidere

---- page 258 ----

401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella@BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning ~ Thank you.
We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.j!l.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@Belviderell.gov>
Sent: Wednesday, November 13, 2024 8:48 AM
To: Mullady, Conor <Conor.Mullady@ill.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

---- page 259 ----

Mike -—
Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20
minute call.

Let me know and thank you for your time.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for reaching out. This is a bit of a crazy week with court and electoral board
challenges. My only availability as of right now is Thursday morning this week. Friday
may open up a bit. | can let you know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

---- page 260 ----

Good afternoon. Thank you again for all your time the other week to discuss Project
Hawkeye.

I left a voicemail for you last Friday — Would you have availability this week for a half hour
call to discuss project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

&l

One of the 2024 World’s Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the
sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or
distribute this email without the author's prior permission. We have taken precautions to minimize the risk of
transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message.
We cannot accept liability for any loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the atforey-client privilege. If you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond to the sender to

this effect.

---- page 261 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Tuesday, November 26, 2024 2:39 PM
To: jarreguin@belvidereil.gov

Subject: FW: Project Hawkeye (JLL)
Attachments: DWE Project Hawkeye_11.25.24.pdf

Can you please schedule a phone call with Mr. Halligan for the Mayor and | after Monday. Please Check both Clints and
my schedule and include Brent as well. Clint is out all day on Monday and is tied up Tuesday until 9:00 am.

Thank you
Mike

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Cc: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Re: Project Hawkeye (JLL)

| This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Hi Mike,
Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related benefits to the City
of Belvidere. In summary, the deck details our intended land use, scope of the project, estimates on job creation and the
economic impact for the City of Belvidere and an estimated timeline to complete. Our sincerest intention is to deliver a
project with thoughtful stewardship for the community of Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush family properties
and the potential costs to extend the utilities to our project site. In addition, we would like to visit about potential incentives

available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your convenience to
discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like to arrange a call
next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

---- page 262 ----

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady@ll.com> wrote:

Mike —
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on Thursday
morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

Conor Mullady

Senior Vice President
Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com
www. jll.com/chicago/industrial

@)JLL

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady@ill.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for taking the time to talk about the project. As we discussed, the City is requesting
additional information regarding the project including, but not limited to, land uses, jobs creation,
economic impact, timeline and scope of the project. The City would also like an idea of what requests
your client has of the City such as our current utility extension discussions as well as any other requests
your client my have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the administration

something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with the Hawkeye
team and the City team to discuss annexation of their properties in order to establish contiguity as well

as utility extensions.

Mike Drella
City Attorney
City of Belvidere

---- page 263 ----

401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.
We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM
To: Mullady, Conor <Conor.Mullady@)ll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

---- page 264 ----

Mike —
Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20 minute call.
Let me know and thank you for your time.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor -

Thank you for reaching out. This is a bit of a crazy week with court and electoral board challenges. My
only availability as of right now is Thursday morning this week. Friday may open up a bit. | can let you
know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @jll.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelvidereiL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

---- page 265 ----

Good afternoon. Thank you again for all your time the other week to discuss Project Hawkeye.

I left a voicemail for you last Friday — Would you have availability this week for a half hour call to discuss
project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial

One of the 2024 World’s Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and
then delete it. If you are not the intended recipient, you must nat keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect,

---- page 266 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, December 2, 2024 9:19 AM

To: David Halligan; Mike Drella

Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good morning.
Hope you had a relaxing Thanksgiving holiday weekend.

Per David's email below, would you have time early this week to connect via phone? We still are very interested in having
acail with the Bush family late this week.

Please advise your availability.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com
www. jll.com/chicago/industrial

@ JL.

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Cc: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Re: Project Hawkeye (JLL)

| Caution: Message from external sender

Hi Mike,

---- page 267 ----

Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related benefits to the City
of Belvidere. In summary, the deck details our intended land use, scope of the project, estimates on job creation and the
economic impact for the City of Belvidere and an estimated timeline to complete. Our sincerest intention is to deliver a
project with thoughtful stewardship for the community of Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush family properties
and the potential costs to extend the utilities to our project site. In addition, we would like to visit about potential incentives

available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your convenience to
discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like to arrange a call
next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady @jll.com> wrote:

Mike -
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on Thursday
morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

Conor Mullady

Senior Vice President
Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial

@ JL

---- page 268 ----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor -

Thank you for taking the time to talk about the project. As we discussed, the City is requesting
additional information regarding the project including, but not limited to, land uses, jobs creation,
economic impact, timeline and scope of the project. The City would also like an idea of what requests
your client has of the City such as our current utility extension discussions as well as any other requests
your client my have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the administration

something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with the Hawkeye
team and the City team to discuss annexation of their properties in order to establish contiguity as well

as utility extensions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, !L 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @jll.com>
Sent: Wednesday, November 13, 2024 8:57 AM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.
We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

---- page 269 ----

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am. jlJl.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM
To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20 minute call.
Let me know and thank you for your time.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye (JLL)

---- page 270 ----

| Caution: Message from external sender

Conor —

Thank you for reaching out. This is a bit of a crazy week with court and electoral board challenges. My
only availability as of right now is Thursday morning this week. Friday may open up a bit. | can let you

know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

sender and know the content is safe.

Michael —

Good afternoon. Thank you again for all your time the other week to discuss Project Hawkeye.

left a voicemail for you last Friday — Would you have availability this week for a half hour call to discuss
project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

=

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

---- page 271 ----

For more information about how JL processes your personal data, please click here

This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and
then delete it. f you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry oul your own virus
Ehecks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
Contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 272 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Monday, December 2, 2024 9:55 AM
To: Conor.Mullady@jll.com

Subject: Re: Project Hawkeye (JLL)
Attachments: image001 jpg

| have asked our clerk’s office to reach out and schedule a meeting on the Mayor's schedule.

Mike
Sent from my iPhone

On Dec 2, 2024, at 9:19 AM, Mullady, Conor <Conor.Mullady@jll.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
Good morning.
Hope you had a relaxing Thanksgiving holiday weekend.

Per David's email below, would you have time early this week to connect via phone? We still are very
interested in having a call with the Bush family late this week.

Please advise your availability.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

www jll.com/chicago/industrial
<image001 jpg>

---- page 273 ----

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: Mullady, Conor <Conor.Mullady@jll.com>

Subject: Re: Project Hawkeye (JLL)

| Caution: Message from external sender

Hi Mike,

Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your
support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related
benefits to the City of Belvidere. In summary, the deck details our intended land use, scope of the project,
estimates on job creation and the economic impact for the City of Belvidere and an estimated timeline to
complete. Our sincerest intention is to deliver a project with thoughtful stewardship for the community of

Belvidere.

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush
family properties and the potential costs to extend the utilities to our project site. In addition, we would like
to visit about potential incentives available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your
convenience to discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like
to arrange a call next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady @jll.com> wrote:
Mike -
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on
Thursday morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

Conor Mullady

Senior Vice President
Jones Lang LaSalle

---- page 274 ----

Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

<image001.jpg>

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady@ll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor—

Thank you for taking the time to talk about the project. As we discussed, the City is
requesting additional information regarding the project including, but not limited to,
land uses, jobs creation, economic impact, timeline and scope of the project. The City
would also like an idea of what requests your client has of the City such as our current
utility extension discussions as well as any other requests your client my

have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the
administration something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with
the Hawkeye team and the City team to discuss annexation of their properties in order
to establish contiguity as well as utility extensions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@ill.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.

We will call you directly.

---- page 275 ----

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady(@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM
To: Mullady, Conor <Conor.Mullady @jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella@Belviderell.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20
minute call.

Let me know and thank you for your time.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

---- page 276 ----

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM
To: Mullady, Conor <Conor.Mullady@ijll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

Thank you for reaching out. This is a bit of a crazy week with court and electoral board
challenges. My only availability as of right now is Thursday morning this week. Friday
may open up a bit. | can let you know later in the week.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @)ll.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

Good afternoon. Thank you again for all your time the other week to discuss Project
Hawkeye.

I left a voicemail for you last Friday - Would you have availability this week for a half hour
call to discuss project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

Conor Mullady

Senior Vice President
Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

---- page 277 ----

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

=

One of the 2024 World’s Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. if you have received this email in error, please notify the
sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or
distribute this email without the author's prior permission. We have taken precautions to minimize the risk of
transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message.
We cannot accept liability for any loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond to the sender to

this effect.

---- page 278 ----

Mike Drella

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Monday, December 2, 2024 9:58 AM

To: Mike Drella

Cc: David Halligan

Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Much appreciated — Thank you Mike.
We will wait to hear back form your Team.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com

www. jll.com/chicago/industrial

@ JLL

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Monday, December 2, 2024 9:55 AM
To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Re: Project Hawkeye (JLL)

| Caution: Message from external sender
I have asked our clerk’s office to reach out and schedule a meeting on the Mayor's schedule.

Mike

Sent from my iPhone

---- page 279 ----

On Dec 2, 2024, at 9:19 AM, Mullady, Conor <Conor.Mullady@ill.com> wrote:

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Good morning.
Hope you had a relaxing Thanksgiving holiday weekend.

Per David's email below, would you have time early this week to connect via phone? We still are very
interested in having a call with the Bush family late this week.

Please advise your availability.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, TL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001 jpg>

From: David Halligan <dhalligan @datawattenergy.com>
Sent: Monday, November 25, 2024 12:11 PM

To: Mike Drella <mdrella @BelviderelL.gov>

Cc: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Re: Project Hawkeye (JLL)

| Caution: Message from external sender

Hi Mike,

Thank you very much for your call the other week to discuss Project Hawkeye. We appreciate your
support.

Datawatt Energy is providing the attached brief outlining our vision of Project Hawkeye and the related
benefits to the City of Belvidere. In summary, the deck details our intended land use, scope of the project,
estimates on job creation and the economic impact for the City of Belvidere and an estimated timeline to
complete. Our sincerest intention is to deliver a project with thoughtful stewardship for the community of

Belvidere.

---- page 280 ----

Per your email below, Datawatt Energy would like to explore the utility easements related to the Bush
family properties and the potential costs to extend the utilities to our project site. In addition, we would like
to visit about potential incentives available to the project after annexation into the City.

After you had time to review and share with Mayor Morris, we would be happy to jump on a call at your
convenience to discuss the project in more detail.

If the provided deliverable is sufficient for your needs to set-up a call with the Bush family, we would like
to arrange a call next week Thursday or Friday, if possible.

Best regards and Happy Thanksgiving. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Nov 19, 2024, at 10:45 AM, Mullady, Conor <Conor.Mullady @/ll.com> wrote:

Mike —
Good morning.

Appreciate the follow-up email below and guidance. We have a scheduled team call on
Thursday morning to further refine our development schedule and timeline.

We are aiming to have this deliverable to you later this week or early next week.

Appreciate the support.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am.jll.com
www, jll.com/chicago/industrial

<image001.jpg>

From: Mike Drella <mdrella@BelviderellL.gov>
Sent: Friday, November 15, 2024 9:49 AM

To: Mullady, Conor <Conor.Mullady@/jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —

---- page 281 ----

Thank you for taking the time to talk about the project. As we discussed, the City is
requesting additional information regarding the project including, but not limited to,
land uses, jobs creation, economic impact, timeline and scope of the project. The City
would also like an idea of what requests your client has of the City such as our current
utility extension discussions as well as any other requests your client my

have. Obviously, we are a bit early in the discussions and | realize any information
provided or requests are somewhat preliminary in nature. However, it will give the
administration something to work with.

Upon receipt of this information, | can approach the Bush family about a meeting with
the Hawkeye team and the City team to discuss annexation of their properties in order
to establish contiguity as well as utility extensions.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady @ill.com>
Sent: Wednesday, November 13, 2024 8:57 AM
To: Mike Drella <mdrella @BelviderelL.gov>
Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Confirmed for 10:00am tomorrow morning — Thank you.

We will call you directly.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, November 13, 2024 8:48 AM

To: Mullady, Conor <Conor.Mullady@/jll.com>
Subject: RE: Project Hawkeye (JLL)

---- page 282 ----

| Caution: Message from external sender

How about 10:00? Just give me a call 815/544-2612.

Mike

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, November 13, 2024 8:38 AM
To: Mike Drella <mdrella @BelviderelL.gov>

Subject: RE: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Thank you for the follow-up.

What times on Thursday morning works for you — | would assume it will be a 15/20
minute call.

Let me know and thank you for your time.
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Tuesday, November 12, 2024 12:56 PM

To: Mullady, Conor <Conor.Mullady@jll.com>
Subject: RE: Project Hawkeye (JLL)

| Caution: Message from external sender

Conor —-

Thank you for reaching out. This is a bit of a crazy week with court and electoral board
challenges. My only availability as of right now is Thursday morning this week. Friday
may open up a bit. | can let you know later in the week.

---- page 283 ----

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: Mullady, Conor <Conor.Mullady@ijll.com>
Sent: Monday, November 11, 2024 2:41 PM

To: Mike Drella <mdrella @BelviderelL.gov>
Subject: Project Hawkeye (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Michael —

Good afternoon. Thank you again for all your time the other week to discuss Project
Hawkeye.

left a voicemail for you last Friday — Would you have availability this week for a half hour
call to discuss project details and its potential game plan.

Let me know what works with your schedule and | coordinate a Teams invite.

Thank you,
Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial

a

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the
sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or
distribute this email without the author's prior permission. We have taken precautions to minimize the risk of
transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message.
We cannot accept liability for any loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the attorney-client privilege. if you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond to the sender to

this effect.

---- page 284 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Monday, December 9, 2024 10:21 AM

To: mayor@belvidereil.gov; gdelrose@belvidereil.gov; banderson@belvidereil.gov; Mike
Drella

Cc: Mullady, Conor

Subject: Project Hawkeye - Sewer and Water

Attachments: Genoa Rd Interchange_Water Main Loop.pdf; Southeast Sanitary Sewer Extention.pdf

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good Morning, Mayor Morris, Gina, Brent and Mike,
Thank you very much for the call last week to discuss Project Hawkeye.

In preparation for our discussion this week with our neighbor, | wanted to confirm details of the City’s water and sewer
plans. | believe mentioned on the call last week, water will be extended down to Fern Hill Rd south of I-90 and will abut
our property boundary (see attached document). For this, we will not require an easement /annexation from our
neighbor to extend service to us. However, from the attached document it appears that sewer service will be extended
into our neighbor’s property south of !-90. Therefore, we will require an easement / annexation to extend service to our

property bordering Fern Hill Rd?
Thank you for the clarification.
Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 285 ----

Regional Infrastructure Priorities

FY 2023 Project Submission
October 2022

Region 1 Planning Council {R1) is accepting project for the inclusion in the 2023 Regional Infrastructure Priorities Report. Completed

applications must be submitted electronically no later than 5:00 PM on November 11, 2022. Applications should include as an

attachment, a depiction of the location of the project and any supporting documentation.
Sponsoring Agency: _City of Belvidere Co-Sponsoring Agency:
Contact Name: Brent Anderson.

Phone: ___815-544-9256. Email:__banderson@ci.belvidere.il.us.

Project Information

Project Title: (mox. 50 charocters)_Genoa Road Intercharige Water Main Loop:

Project Classification:
[EI Roads and Bridges [XI water and Sewer 1 vertical infrastructure [[]_ Communications
1 Energy 1 Public Transit 0 Active Transportation 1 Other:

Project Type: 1) Newar Expansion 0 Maintenance

Project Description/Overview: (Please provide 1-2 paragraphs about the project, with as much detail as possible. max. 500 words}

Construct a trunk water main line to provide water service for the Genoa Road Interchange. corridor.

Describe Location / Address: (mox, 150 words)

Firunk water main extension from Chrysler Drive to Johnson Road to Fern Hill Road to Genoa Road to Chrysler
rive.

Remaining Useful Life: (if applicable)
Current Project Status:
C1 Concept 11 besign Engineering Ld Preliminary Engineering {[] Shovel-Ready

Project Funding
Please provide the amount and source, as applicable.

q Ne Total
Source Amount

$3,850,000.00
$3,000,000.00

~ $6,850,000.00

---- page 286 ----

Project Need

Project Priority: (Choose one.)

ooow8oo

Cannot be delayed (for health, safety, or ADA compliance)

Needed within 1-4 years
Needed within 5 years (to maintain quality/level of service and/or infrastructure)

Needed within 5-10 years (to maintain quality/level of service and/or infrastructure)
Can hold for 10+ years (but supports community or economic development goals)
Needs more research (planning and coordination)

Is this project identified within a community plan, capital improvement plan, or sub- iF] Yes
area/corridor plan?
Is thls project Identified within the 2050 Metropolitan Transportation Plan or CO ves

Transportation Improvement Program?

What Is the primary objective of this project? (Choose one.)

ooooooooOg8o00

Advance equity for currently underserved populations or communities.

Support economic vitality.
Encourage growth in manufacturing to contribute to the region's competitiveness.

Build economic resilience to and lang-term recovery fram economic shocks.
Increase safety and health of the region's citizens.

Increase accessibility and mobility of people and freight.

Protect and enhance the environment and energy conservation.

Enhance the integration and connectivity of existing infrastructure.
Emphasize the preservation of existing infrastructure.

improve the resiliency and reliability of existing infrastructure.

Enhance travel and tourism.

DD no
KK] No

Long-Term Savings: What is the current spend absent of this project (e.g., service delivery, annual maintenance, etc.)?

What other benefits would be a result of this project’s completion? (Select up to 3 additional benefits.)

OOOBOOO808oO

Advance equity for currently underserved populations or communities.

Support economic vitality.
Encourage growth In manufacturing to contribute to the region's competitiveness.

Build economic resilience to and long-term recovery from economic shocks.
Increase safety and health of the region's citizens.

Increase accessibility and mobility of people and freight.

Protect and enhance the environment and energy conservation.

Enhance the integration and connectivity of existing infrastructure.
Emphasize the preservation of existing Infrastructure.

Improve the resiliency and reliability of existing infrastructure.

Enhance travel and tourism,

---- page 287 ----



---- page 288 ----

BEd,

RI:
: Regional Infrastructure Priorities

M95, ow
FY 2023 Project Submission
October 2022
for the inclusion in the 2023 Regional I

Region 1 Planning Council {R1) is accepting project
later than 5:00 PM on November 11,

applications must be submitted electronically no
attachment, a depiction of the location of the project and any: supporting documentation.

Co-Sponsoring Agency: —_______—_________—

og,

infrastructure Priorities Report. Completed
2022. Applications should include as an

Sponsoring Agency: _City of Belvidere

ContactName: .. Brent Anderson
email:__banderson@ci,belvidere.il.us_____

Phone: 815-544-9256,

Project Information
Project Title: (max. 50 characters) Southeast Sanitary Sewer Extension
Project Classification: .
o Roads and Bridges ki ‘Water and Sewer o Vertical Infrastructure o Communications
CO Energy 1 Public Transit [01 Active Transportation CD other:
Project Type: TO Newor Expansion I maintenance
Project Description/Overview: (Please provide 1-2 paragraphs about ‘the project, with as much detail as possible. max. 500 words)
sewer line to provide sanitary sewer service for future development of the east and

Construct a trunk sanitary

southeast sides of Belvidere including the Genoa Road Interchange corridor.

Describe Location / Address: (max. 150 words)
Trunk sanitary sewer line from Wycliffe lift station to Fern Hill Road.

Remaining Useful Life: (if applicoble)
[1] shovel-Ready

ir} Preliminary Engineering.

Current Project Status:
CO concept C1 Design Engineering

Project Funding
Please pravide the amount and source, as applicable.

Secured/Pledged
Amount,
Local oo
State | _
Private _

---- page 289 ----

Project Need

Project Priority: (Choose one.)

OooOowoo

Cannot be delayed (for health, safety, or ADA compliance)

Needed within 1-4 years

Needed within 5 years (to maintain quality/level of service and/or infrastructure)
Needed within 5-10 years (to maintain quality/level of service and/or infrastructure)
Can hold for 10+ years {but supports community or economic development goals)

Needs more research (planning and coordination)

Js this project Identified within a community plan, capital improvement plan, or sub- ira] Yes
area/corridor plan?
Is thls project Identified within the 2050 Metropolitan Transportation Plan or CO ves

Transportation Improvement Program?

What Is the primary objective of this project? (Choose one.)

OooooooOow8oo

Long-Term Savings: What is the current spend absent of this project (2... service delivery,

Advance equity for currently underserved populations or communities.

Support economic vitality.
Encourage growth in manufacturing to contribute to the region's competitiveness.

Build economic resilience to and long-term recovery from economic shocks.
Increase safety and health of the region's citizens.

increase accessibility and mobility of people and freight.

Protect and enhance the environment and energy conservation.

Enhance the integration and connectivity of existing infrastructure.
Emphasize the preservation of existing infrastructure.

Improve the resiliency and reliability of existing infrastructure.

Enhance travel and tourism.

1 No
[J No

annual maintenance, etc.)?

What other benefits would be a result of this project’s completion? (Select up to 3 additional benefits.)

OOOBOOOBOkoO

Advance equity for currently underserved populations or communities.

Support economic vitality.
Encourage growth in manufacturing to contribute to the region's competitiveness.

Build economic resilience to and long-term recovery from economic shocks.
Increase safety and health of the region's citizens.

Increase accessibility and mobility of people and freight.

Protect and enhance the environment and energy conservation.

Enhance the integration and connectivity of existing infrastructure.
Emphasize the preservation of existing infrastructure.

Improve the resillency and reliability of existing infrastructure.

Enhance travel and tourism.

---- page 290 ----



---- page 291 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Monday, December 9, 2024 10:25 AM

To: dhalligan@datawattenergy.com; mayor@BelviderelL.gov; gdelrose@Belviderell gov;
banderson@BelviderelL.gov

Cc: Conor.Mullady@jll.com

Subject: RE: Project Hawkeye - Sewer and Water

Annexation is preferred, if feasible, for the provision of both water and sewer. Brent will need to verify the actual route
for each.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Bivd.
Belvidere, IL 61008
815/544-2612

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Monday, December 9, 2024 10:21 AM
To: Clint Morris <mayor@BelvidereiL.gov>; Gina Delrose <gdelrose@BelviderellL.gov>; Brent Anderson

<banderson@BelviderelL.gov>; Mike Drella <mdrella@BelviderelL.gov>
Cc: Mullady, Conor <Conor.Mullady@jll.com>
Subject: Project Hawkeye - Sewer and Water

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good Morning, Mayor Morris, Gina, Brent and Mike,
Thank you very much for the call last week to discuss Project Hawkeye.

In preparation for our discussion this week with our neighbor, | wanted to confirm details of the City’s water and sewer
plans. | believe mentioned on the call last week, water will be extended down to Fern Hill Rd south of I-90 and will abut
our property boundary (see attached document). For this, we will not require an easement /annexation from our
neighbor to extend service to us. However, from the attached document it appears that sewer service will be extended
into our neighbor's property south of I-90. Therefore, we will require an easement / annexation to extend service to our

property bordering Fern Hill Rd?
Thank you for the clarification.
Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

---- page 292 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Monday, December 9, 2024 5:26 PM

To: Mike Drella

Ce: Clint Morris; Gina Delrose; Brent Anderson; Mullady, Conor
Subject: Re: Project Hawkeye - Sewer and Water

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Thanks, Mike. We are going to stress annexation with the neighbor.

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Dec 9, 2024, at 10:25 AM, Mike Drella <mdrella@Belviderell.gov> wrote:

Annexation is preferred, if feasible, for the provision of both water and sewer. Brent will need to verify
the actual route for each.

Mike Drella

City Attorney

City of Belvidere
401 Whitney Blvd.
Belvidere, IL 61008
815/544-2612

From: David Halligan <dhalligan @datawattenergy.com>

Sent: Monday, December 9, 2024 10:21 AM

To: Clint Morris <mayor @BelvidereiL.gov>; Gina Delrose <gdelrose @BelviderelL.gov>; Brent Anderson
<banderson @BelviderelL.gov>; Mike Drella <mdrella Belviderell.gov>

Cc: Mullady, Conor <Conor.Mullady@ill.com>

Subject: Project Hawkeye - Sewer and Water

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good Morning, Mayor Morris, Gina, Brent and Mike,
Thank you very much for the call last week to discuss Project Hawkeye.

In preparation for our discussion this week with our neighbor, | wanted to confirm details of the City’s
water and sewer plans. | believe mentioned on the call last week, water will be extended down to Fern

> 1

---- page 293 ----

Hill Rd south of I-90 and will abut our property boundary (see attached document). For this, we will not
require an easement /annexation from our neighbor to extend service to us. However, from the
attached document it appears that sewer service will be extended into our neighbor's property south of
1-90. Therefore, we will require an easement / annexation to extend service to our property bordering

Fern Hill Rd?
Thank you for the clarification.
Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

---- page 294 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Friday, December 13, 2024 9:32 AM

To: Mike Drella

Ce: Mullady, Conor; Clint Morris

Subject: Re: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good news, Mike. Separately, we are evaluating kicking off the ComEd load request process immediately, which requires
us posting a $1 million deposit, so all options around sewer access is appreciated.

I'm available to discuss any time. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Dec 13, 2024, at 8:52 AM, Mike Drella <mdrella@Belvidere!L.gov> wrote:

Conor —

Since our last conversation, the Mayor, Brent and | have been pondering alternative sources of providing
sanitary sewer to the site. We think we have found another path to provide sanitary sewer for your
project that does not implicate any Busch land. Unfortunately, it will not establish contiguity for
annexation, but at least it would allow access to full City utilities.

Please let me know when it would be convenient to discuss the new option.
Mike

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Friday, December 6, 2024 12:13 PM

To: Mike Drella <mdrella@BelvidereiL.gov>

Cc: David Halligan <dhalligan@datawattenergy.com>; Clint Morris <mayor@BelviderelL.gov>

Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Would you happen to have a minute to connect?

---- page 295 ----

Conor
847.308.9912

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912

conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001 .jpg>

From: Mike Drella <mdrella @BelviderelL.gov>

Sent: Friday, December 6, 2024 9:32 AM

To: Mullady, Conor <Conor.Mullady@jll.com>

Ce: David Halligan <dhalligan@datawattenergy.com>; Clint Morris <mayor @BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

| Caution: Message from external sender

Conor

I spoke with Mike Busch this morning. He is, of course, willing to take your call. | provided him your
name and number as well. His first reaction was a bit defensive as | think he was assuming it was a
residential project and he is planning some residential in the future in the area just north of 90. | did let
him know that the City was not currently considering approving any residential in the area that we are

talking about.

Mike Busch
(c) 847/343-4925
(0) 815/544-3802

From: Mullady, Conor <Conor.Mullady@ill.com>

Sent: Wednesday, December 4, 2024 11:33 AM

To: Mike Drella <mdrella @BelviderelL.gov>

Cc: David Halligan <dhalligan@datawattenergy.com>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
Please feel free to forward the meeting invite to the mayor and anyone else that will be joining the call.

2

---- page 296 ----

Thank you and we look forward to the call.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001.jpg>

-----Original Appointment-----

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Wednesday, December 4, 2024 11:32 AM

To: Mullady, Conor

Subject: Accepted: Project Hawkeye - Development Discussion (JLL)

When: Thursday, December 5, 2024 3:00 PM-4:00 PM (UTC-06:00) Central Time (US & Canada).

Where: Microsoft Teams Meeting

| Caution: Message from external sender

: ha

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and
then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 297 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Friday, December 13, 2024 10:16 AM

To: dhalligan@datawattenergy.com

Subject: RE: Project Hawkeye - Development Discussion (JLL)

How about giving us a call around 2:00.
Mike

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Friday, December 13, 2024 9:32 AM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: Mullady, Conor <Conor.Mullady@jll.com>; Clint Morris <mayor@BelviderelL.gov>

Subject: Re: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good news, Mike. Separately, we are evaluating kicking off the ComEd load request process immediately, which requires
us posting a $1 million deposit, so all options around sewer access is appreciated.

I’m available to discuss any time. David

David Halligan
Datawatt Energy LLC
Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

On Dec 13, 2024, at 8:52 AM, Mike Drella <mdrella @BelviderelL.gov> wrote:

Conor —

Since our last conversation, the Mayor, Brent and | have been pondering alternative sources of providing
sanitary sewer to the site. We think we have found another path to provide sanitary sewer for your
project that does not implicate any Busch land. Unfortunately, it will not establish contiguity for

annexation, but at least it would allow access to full City utilities.

Please let me know when it would be convenient to discuss the new option.
Mike

From: Mullady, Conor <Conor.Mullady @ijll.com>
Sent: Friday, December 6, 2024 12:13 PM
To: Mike Drella <mdrella @BelviderelL.gov>

---- page 298 ----

Cc: David Halligan <dhalligan @datawattenergy.com>; Clint Morris <mayor@BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Would you happen to have a minute to connect?

Conor
847.308.9912

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
“Mobile: +1 847 308 9912

conor.mullady@am. jll.com
www. jll.com/chicago/industrial
<image001 jpg>

From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Friday, December 6, 2024 9:32 AM
To: Mullady, Conor <Conor.Mullady@jll.com>

Cc: David Halligan <dhalligan @datawattenergy.com>; Clint Morris <mayor @BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

| Caution: Message from external sender

Conor

| spoke with Mike Busch this morning. He is, of course, willing to take your call. | provided him your
name and number as well. His first reaction was a bit defensive as | think he was assuming it was a
residential project and he is planning some residential in the future in the area just north of 90. | did let
him know that the City was not currently considering approving any residential in the area that we are

talking about.

Mike Busch
(c) 847/343-4925
(0) 815/544-3802

From: Mullady, Conor <Conor.Mullady@jll.com>
Sent: Wednesday, December 4, 2024 11:33 AM
To: Mike Drella <mdrella @BelviderelL.gov>

---- page 299 ----

Ce: David Halligan <dhalligan@datawattenergy.com>

Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -

Please feel free to forward the meeting invite to the mayor and anyone else that will be joining the call.

Thank you and we look forward to the call.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122

Mobile: +1 847 308 9912
conor.mullady@am. jll.com
www. jll.com/chicago/industrial
<image001 .jpg>

a Original Appointment-----
From: Mike Drella <mdrella @BelviderelL.gov>
Sent: Wednesday, December 4, 2024 11:32 AM

To: Mullady, Conor
Subject: Accepted: Project Hawkeye - Development Discussion (JLL)
When: Thursday, December 5, 2024 3:00 PM-4:00 PM (UTC-06:00) Central Time (US & Canada).

Where: Microsoft Teams Meeting

| Caution: Message from external sender

= a

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the sender immediately and
then delete it. if you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 300 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Friday, December 13, 2024 11:01 AM

To: Mike Drella

Subject: Re: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

That works. Thanks, Mike.

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Dec 13, 2024, at 10:16 AM, Mike Drella <mdrella@belvidereil.gov> wrote:

How about giving us a call around 2:00.

Mike

From: David Halligan <dhalligan@datawattenergy.com>

Sent: Friday, December 13, 2024 9:32 AM

To: Mike Drella <mdrella@BelviderelL.gov>

Cc: Mullady, Conor <Conor.Mullady@jll.com>; Clint Morris <mayor@BelviderelL.gov>
Subject: Re: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good news, Mike. Separately, we are evaluating kicking off the ComEd load request process
immediately, which requires us posting a $1 million deposit, so all options around sewer access is

appreciated.
Vm available to discuss any time. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 301 ----

On Dec 13, 2024, at 8:52 AM, Mike Drella <mdrella@BelviderelL.gov> wrote:

Conor —

Since our last conversation, the Mayor, Brent and | have been pondering alternative
sources of providing sanitary sewer to the site. We think we have found another path to
provide sanitary sewer for your project that does not implicate any Busch

land. Unfortunately, it will not establish contiguity for annexation, but at least it would
allow access to full City utilities.

Please let me know when it would be convenient to discuss the new option.
Mike

From: Mullady, Conor <Conor.Mullady@jll.com>

Sent: Friday, December 6, 2024 12:13 PM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: David Halligan <dhalligan @datawattenergy.com>; Clint Morris

<mayor@BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Would you happen to have a minute to connect?

Conor
847.308.9912

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001.jpg>

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Friday, December 6, 2024 9:32 AM
To: Mullady, Conor <Conor.Mullady@jll.com>

2

---- page 302 ----

Ce: David Halligan <dhalligan@datawattenergy.com>; Clint Morris

<mayor @BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

| Caution: Message from external sender

Conor

| spoke with Mike Busch this morning. He is, of course, willing to take your call. |
provided him your name and number as well. His first reaction was a bit defensive as |
think he was assuming it was a residential project and he is planning some residential in
the future in the area just north of 90. I did let him know that the City was not currently
considering approving any residential in the area that we are talking about.

Mike Busch
(c) 847/343-4925
(0) 815/544-3802

From: Mullady, Conor <Conor.Mullady @jll.com>

Sent: Wednesday, December 4, 2024 11:33 AM

To: Mike Drella <mdrella @BelviderelL.gov>

Ce: David Halligan <dhalligan @datawattenergy.com>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —

Please feel free to forward the meeting invite to the mayor and anyone else that will be
joining the call.

Thank you and we look forward to the call.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001.jpg>

---- page 303 ----

--Original Appointment:
From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Wednesday, December 4, 2024 11:32 AM

To: Mullady, Conor

Subject: Accepted: Project Hawkeye - Development Discussion (JLL)

When: Thursday, December 5, 2024 3:00 PM-4:00 PM (UTC-06:00) Central Time (US &

Canada).
Where: Microsoft Teams Meeting

| Caution: Message from external sender

= an

One of the 2024 World's Most Ethical Companies®
Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here

‘This email is for the use of the intended recipient(s) only. If you have received this email in error, please notify the
sender immediately and then delete it. If you are not the intended recipient, you must not keep, use, disclose, copy or
distribute this email without the author's prior permission. We have taken precautions to minimize the risk of
transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message.
We cannot accept liability for any loss or damage caused by software viruses. The information contained in this
communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient
and you do not wish to receive similar electronic messages from us in the future then please respond to the sender to

this effect.

---- page 304 ----

Mike Drella

From: mdrella@BelviderelL.gov

Sent: Friday, December 13, 2024 11:04 AM

To: Conor.Mullady@jll.com

Subject: FW: Project Hawkeye - Development Discussion (JLL)

Sorry, | forgot to include you on my last email.
Please see below.

Mike

From: Mike Drella

Sent: Friday, December 13, 2024 10:16 AM

To: ‘David Halligan’ <dhalligan@datawattenergy.com>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

How about giving us a call around 2:00.
Mike

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Friday, December 13, 2024 9:32 AM
To: Mike Drella <mdrella @BelviderelL.gov>

Ce: Mullady, Conor <Conor.Mullady @jll.com>; Clint Morris <mayor BelviderelL.gov>
Subject: Re: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Good news, Mike. Separately, we are evaluating kicking off the ComEd load request process immediately, which requires
us posting a $1 million deposit, so all options around sewer access is appreciated.

{’m available to discuss any time. David

David Halligan
Datawatt Energy LLC
Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

On Dec 13, 2024, at 8:52 AM, Mike Drella <mdrella @BelviderelL.gov> wrote:

Conor—

Since our last conversation, the Mayor, Brent and | have been pondering alternative sources of providing
sanitary sewer to the site. We think we have found another path to provide sanitary sewer for your

1

---- page 305 ----

project that does not implicate any Busch land. Unfortunately, it will not establish contiguity for
annexation, but at least it would allow access to full City utilities.

Please let me know when it would be convenient to discuss the new option.
Mike

From: Mullady, Conor <Conor.Mullady @jll.com>
Sent: Friday, December 6, 2024 12:13 PM
To: Mike Drella <mdrella@BelviderelL.gov>

Cc: David Halligan <dhalligan @datawattenergy.com>; Clint Morris <mayor@ BelviderelL.gov>

Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Would you happen to have a minute to connect?

Conor
847.308.9912

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am. jll.com

www. jll.com/chicago/industrial
<image001 .jpg>

From: Mike Drella <mdrella@BelviderelL.gov>

Sent: Friday, December 6, 2024 9:32 AM

To: Mullady, Conor <Conor.Mullady@jll.com>

Ce: David Halligan <dhalligan @datawattenergy.com>; Clint Morris <mayor @BelviderelL.gov>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

| Caution: Message from external sender

Conor

| spoke with Mike Busch this morning. He is, of course, willing to take your call. | provided him your
name and number as well. His first reaction was a bit defensive as | think he was assuming it was a
residential project and he is planning some residential in the future in the area just north of 90. | did let

2

---- page 306 ----

him know that the City was not currently considering approving any residential in the area that we are
talking about.

Mike Busch
(c) 847/343-4925
(0) 815/544-3802

From: Mullady, Conor <Conor.Mullady@ill.com>

Sent: Wednesday, December 4, 2024 11:33 AM

To: Mike Drella <mdrella@BelviderelL.gov>

Ce: David Halligan <dhalligan @datawattenergy.com>
Subject: RE: Project Hawkeye - Development Discussion (JLL)

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike —
Please feel free to forward the meeting invite to the mayor and anyone else that will be joining the call.
Thank you and we look forward to the call.

Conor

Conor Mullady

Senior Vice President

Jones Lang LaSalle
Industrial Services | Land
O'Hare Plaza

8755 West Higgins, Suite 750
Chicago, IL 60631

Tel: +1 312 228 3122
Mobile: +1 847 308 9912
conor.mullady@am.jll.com

www. jll.com/chicago/industrial
<image001 .jpg>

-----Original Appointment-----

From: Mike Drella <mdrella@BelviderelL.gov>
Sent: Wednesday, December 4, 2024 11:32 AM

To: Mullady, Conor
Subject: Accepted: Project Hawkeye - Development Discussion (JLL)
When: Thursday, December 5, 2024 3:00 PM-4:00 PM (UTC-06:00) Central Time (US & Canada).

Where: Microsoft Teams Meeting

| Caution: Message from external sender

---- page 307 ----

a

One of the 2024 World’s Most Ethical Companies®

Jones Lang LaSalle

For more information about how JLL processes your personal data, please click here
This email is for the use of the intended recipient(s) only. if you have received this email in error, please notify the sender immediately and
then delete it I you are not the intended recipient, you must not keep, use, disclose, copy or distribute this email without the author's prior
permission. We have taken precautions to minimize the risk of transmitting software viruses, but we advise you to carry out your own virus
Checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. The information
Contained in this communication may be confidential and may be subject to the attorney-client privilege. If you are the intended recipient and
you do not wish to receive similar electronic messages from us in the future then please respond to the sender to this effect.

---- page 308 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Friday, December 13, 2024 3:42 PM

To: Clint Morris; Mike Drella

Subject: Pepper Construction

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the

|
sender and know the content is safe.

Hi Mayor Morris and Mike,
Thanks very much for the call today. Good luck with your discussions with the Busch family.

As discussed, please see the below contact details and website link for Pepper Construction:

Pepper Construction
410 S. Hager Ave, Barrington, IL 60010
https://www.pepperconstruction.com/

Jake Pepper
President, Pepper Energy

e. JPepper@pepperconstruction.com
m. 847-302-5091

Kevin Connolly

Vice President , Pepper Energy

e. KConnolly@pepperconstruction.com
m, 312-599-2143

Pat Aylward
Vice President, Pepper Energy

e. PAylward @pepperconstruction.com
m. 312-771-8998

Have a great weekend. David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 309 ----

Mike Drella

From: mayor@BelviderelL.gov

Sent: Friday, December 13, 2024 4:02 PM

To: dhalligan@datawattenergy.com; mdrella@Belviderell.gov
Subject: RE: Pepper Construction

Thank you David.

Clinton Morris
Mayor, City of Belvidere
815-544-2612 (0)

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Friday, December 13, 2024 3:42 PM
To: Clint Morris <mayor@BelviderelL.gov>; Mike Drella <mdrella@Belviderell.gov>

Subject: Pepper Construction

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
| sender and know the content is safe.

Hi Mayor Morris and Mike,

Thanks very much for the call today. Good luck with your discussions with the Busch family.

As discussed, please see the below contact details and website link for Pepper Construction:

Pepper Construction
410 S. Hager Ave, Barrington, IL 60010
https: //Awww. pepperconstruction.com/

Jake Pepper

President, Pepper Energy

e. JPepper @pepperconstruction.com
m. 847-302-5091

Kevin Connolly

Vice President , Pepper Energy

e. KConnolly@pepperconstruction.com
m. 312-599-2143

Pat Aylward

Vice President, Pepper Energy

e. PAylward @pepperconstruction.com
m. 312-771-8998

Have a great weekend. David

---- page 310 ----

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan @datawattenergy.com
Web: www.datawattenergy.com

---- page 311 ----

Mike Drella

From: David Halligan <dhalligan@datawattenergy.com>
Sent: Monday, February 10, 2025 10:39 PM

To: mayor@belvidereil.gov; mdrella@belvidereil.gov
Ce: Conor Mullady

Subject: Project Hawkeye, Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
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Hi Mayor Morris and Mike,

Conor and | are following up on an email he received earlier today from Mayor Morris and wanted to provide you with
an update on Project Hawkeye.

Our apologies for not connecting with you sooner and keeping you apprised of project status since last speaking with
you late last year. Our core focus has been on evaluating the interconnection process with ComEd and the timing of
power delivery to our site. We’ve had multiple conversations with ComEd to assess timing of submitting a load request
application and are hearing of a growing imbalance between the demand for power and ComEd’s current capacity to
supply this power. This imbalance is directly related to the high volume of load requests from data centers to ComEd
and the need for substantial investment in new power generation and transmission infrastructure to meet this power

demand.

Although we anticipated this imbalance in power demand / supply and structured our business model to address this
issue, the pace at which this imbalance has materialized has exceeded even the expectations of the broader power
industry. Just a year ago, ComEd was not signaling the significant shifts now shaping the energy landscape. ComEd is
now suggesting that delivery of power could extend beyond six years from submittal of load request. This long time
horizon makes it difficult to attract end-user data customers who require immediate access to power.

We have been working hard to find solutions that will bridge this gap in power supply and allow us to develop and
power the site independently of ComEd. We have an unwavering belief in the potential of Project Hawkeye and are
doing everything we can to create power solutions to deliver on this potential.

Conor and | would welcome a call at your convenience to discuss project status in greater detail. Let us know what works
best for you.

Best regards, David

David Halligan

Datawatt Energy LLC

Mobile: 1-617-513-8893

Email: dhalligan@datawattenergy.com
Web: www.datawattenergy.com

---- page 312 ----

To: Mullady, Conor <Conor.Mullad y@ill.com>

Subject: RE: Belvidere
| Caution: Message from external.sender.

Good Morning Conor,

1am available in the afternoon on January 6", 7" and 8" to talk about water and sanitary sewer.

Brent

From: Mullady, Conor <Conor.Mullady@) >
Sent: Monday, December 23, 2024 12:25 PM

To: Mike Drella <mdrella@BelviderelL.gov>
Cc: David Halligan <dhalligan@datawattenerey.com>; Brent Anderson <banderson@BelviderelL.Zov>; Clint Morris

<I Ividerel >
Subject: Re: Belvidere

This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -
David and | are available - Feel free to call me directly and I'll patch in David.
Thank you,

Conor
847.308.9912

Sent from my iPhone

On Dec 23, 2024, at 12:15 PM, Mike Drella <mdrella@belvidereil.gov> wrote:

Conor and David —

Are you available for a quick call sometime around 3:00 today? if not, let me know some times that you
are available iater in the week.

Thanks

Mike

---- page 313 ----

To: Mullady, Conor <Conor.Mullady@ijll.com>
Subject: RE: Belvidere

| Caution: Message from external sender

Good Morning Conor,

lam available in the afternoon on January 6", 7° and 8" to talk about water and sanitary sewer.
Brent

From: Mullady, Conor <Conor.Mutllas i >
Sent: Monday, December 23, 2024 12:25 PM

To: Mike Drella < HI rell.Zov>
Cc: David Halligan <dhalligan @datawattenergy.com>; Brent Anderson <banderson@BelviderelL.gov>; Clint Morris

<mayor@BelviderelL.gov>

Subject: Re: Belvidere
This message originated from an External Source. DO NOT click links or open attachments unless you recognize the
sender and know the content is safe.

Mike -

David and | are available - Feel free to call me directly and I'll patch in David.

Thank you,

Conor
847.308.9912

Sent from my iPhone

On Dec 23, 2024, at 12:15 PM, Mike Drella <mdrella @belvidereil.gov> wrote:

| Cau
Conor and David —

Are you available for a quick call sometime around 3:00 today? If not, let me know some times that you
are available later in the week.

Thanks

Mike