HomeMy WebLinkAbout~Master - CEBA application for Demonstratives, Inc. RESOLUTION NO. 01-013
RESOLUTION APPROVING SUBMITTAL OF CEBA APPLICATION
ON BEHALF OF DEMONSTRATIVES, INC.,
TO THE STATE OF IOWA
FOR THE CITY OF AMES,IOWA
WHEREAS,the City of Ames has been asked to submit a$75,000 CEBA application to the
State of Iowa on behalf of Demonstratives, Inc.; and,
WHEREAS, the $75,000 will be in the form of one-half forgivable loan and one-half loan
at a low interest rate; and,
WHEREAS, Demonstratives, Inc., is the litigation services division of Engineering
Animation, Inc. (EAI); and,
WHEREAS, the purchaser of EAI, Unigraphic Solutions, Inc., decided to eliminate the
litigation services division since its focus is on software development,therefore,this necessitates the
litigation services division of EAI to form a separate company or become eliminated; and,
WHEREAS, the company is pledging to create 30 new jobs over the next three years with
an annual average wage for these positions of$48,000; and,
WHEREAS, the CEBA application is contingent upon the approval of the $25,000 City of
Ames RLF application.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the submittal of a$75,000 CEBA Loan Application on behalf of Demonstratives,Inc.,is hereby
approved subject to approval of the City of Ames RLF application.
ADOPTED THIS 9th day of January, 2001.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Goodhue
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach
Voting nay: None Absent: Wirth
Resolution declared adopted and signed by the Mayor this 9th day of January, 2001.