12/21/2010 Resolutions 2010-370RESOLUTION 2010-370
WHEREAS, on July 22, 2003, the City of Grand Island adopted an Economic
Development Program and a Citizens Advisory Review Committee to oversee the process of
approving applications for economic development incentives; and
WHEREAS, Rogue Manufacturing, Inc. has applied for a forgivable loan for job
incentive and infrastructure in the amount of $50,000.00 from the Grand Island Area Economic
Development Corporation in accordance with the Economic Development Program; and
WHEREAS, such application has been approved by the executive committee of the
Economic Development Corporation and was approved on December 7, 2010 by the Citizens
Advisory Review Committee; and
WHEREAS, Rogue Manufacturing, Inc. will be required to meet or exceed
employment numbers and employee salary levels as outlined in the Economic Development
Agreement to retain all of the economic incentives granted under the agreement; and
WHEREAS, it is in the best interests of the City to provide economic development
funding to Rogue Manufacturing, Inc. as provided by the Grand Island Economic Development
Program.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Economic Development Agreement by and
between the City, the Grand Island Area Economic Development Corporation and Rogue
Manufacturing, Inc., to provide $50,000.00 in economic assistance to Rogue Manufacturing, Inc., to
be used for expanding its business in Grand Island is hereby approved.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such agreement on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, December 21, 2010.
Attest:
Va~/ricelc~ Mayor
RaNae Edwards, City Clerk
Approved as to Form p ~ t 7-1 a \
December 20, 2010 Q City Attorney