HomeMy WebLinkAbout~Master - Approving Submittal of a Second Phase CEBA Venture Application to the IDED RESOLUTION NO. 99-330
RESOLUTION APPROVING SUBMITTAL OF A SECOND PHASE
CEBA VENTURE APPLICATION TO THE IOWA DEPARTMENT
OF ECONOMIC DEVELOPMENT
ON BEHALF OF ETREMA PRODUCTS, INC.,
FOR THE CITY OF AMES,IOWA
WHEREAS, the City of Ames has been asked by ETREMA Products, Inc., to submit a
$100,000 Second Phase CEBA Venture application on their behalf to the Iowa Department of
Economic Development(IDED); and,
WHEREAS, ETREMA Products, Inc., has successfully completed Phase I of the project:
developing and manufacturing a borehole seismic energy source for the clean up of groundwater sites
that have been contaminated by hydrocarbons and dense non-aqueous phase liquids and testing the
process at one side; and,
WHEREAS, no City of Ames' monies were utilized in Phase 1; and,
WHEREAS, Phase II will involve two or three additional field tests in different geological
formations, continued development of the software model, and a total project report; and,
WHEREAS, the City of Ames is not being asked to provide financial assistance for this
program; Iowa State University is providing the matching monies.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the submittal of the CEBA Venture Phase II application to IDED on behalf of ETREMA
Products, Inc., is hereby approved.
ADOPTED THIS 14th day of September, 1999.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Hoffman
Voting aye: Campbell, Cross, Hoffman, Parks, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14th of September, 1999.