HomeMy WebLinkAbout~Master - Submittal of CEBA Application on Behalf of RocketChips, Inc. RESOLUTION NO. 00-015
RESOLUTION APPROVING SUBMITTAL OF
CEBA APPLICATION ON BEHALF OF
ROCKETCHIPS, INC.,
FOR THE CITY OF AMES,IOWA
WHEREAS, the City of Ames is being asked to submit a $20,000 Forgivable Loan CEBA
application to the state of Iowa on behalf of RocketChips, Inc.; and,
WHEREAS, RocketChips, Inc., is an integrated circuit design company based at the ISU
Research park that is focused on creating the difficult and complex designs required for high-
performance communication ICs; and,
WHEREAS, the company is pledging to create six full-time positions over the next two
years; and,
WHEREAS, the CEBA application is contingent upon the approval of the $5,000 City of
Ames' Revolving Loan Fund application (which is being used as the required local match for the
CEBA application).
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,Iowa,
that the submittal of a$20,000 Forgivable Loan CEBA application to the state of Iowa on behalf of
RocketChips, Inc., is hereby approved.
ADOPTED THIS 25th day of January, 2000.
CA4�1)�R:�-J-411,
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Campbell
Seconded by: Cross
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25th day of January, 2000.