HomeMy WebLinkAboutA005 - Resolution No. 15-005 adopted January 13, 2015 RESOLUTION NO. 15-005
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RESOLUTION APPROVING THE APPLICATION OF BARILLA AMERICA, INC.,
FOR FINANCIAL ASSISTANCE TO THE
IOWA ECONOMIC DEVELOPMENT AUTHORITY
FOR THE CITY OF AMES, IOWA
WHEREAS,the City of Ames has received a request from Barilla America,Inc.,to approve
and submit an application to the State of Iowa for Economic Development Financial Assistance;
and,
WHEREAS,the program was established to promote economic development andi ob creation
in the State of Iowa; and,
WHEREAS, the City of Ames supports activities which promote and facilitate economic
development within the City of Ames; and,
WHEREAS, in the application, Barilla America, Inc., has indicated that it will:
I. Create 23 new full-time positions
2. Provide comprehensive health benefits to its employees
3. Make a capital investment of approximately $26,000,000
NOW, THEREFORE, BE IT RESOLVED by the City of Ames:
1. The Ames City Council hereby approves the application of Barilla America,Inc.for
the purpose of receiving benefits from the High Quality Jobs Program.
2. The Ames City Council understands the local match requirement of the Iowa
Economic Development Authority and hereby approves a local match in the form of
Iowa Code Section 427B from the Industrial Property Tax Abatement program.Local
match is contingent upon, and limited to, property improvement qualified for the
Industrial Tax Abatement Program.
3. The Ames City Council hereby authorizes the Mayor to sign the Financial Assistance
application on behalf of the City and to take such further actions as deemed necessary
in order to carry into effect the provisions of this Resolution.
ADOPTED THIS 13`h day of January, 2015.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Orazem
Seconded by: Nelson
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 13"day of January, 2015.