HomeMy WebLinkAbout~Master - CEBA application for Phasient Learning Technologies RESOLUTION NO. 02-597
RESOLUTION APPROVING SUBMITTAL OF CEBA APPLICATION
ON BEHALF OF PHASIENT LEARNING TECHNOLOGIES
FOR THE CITY OF AMES
WHEREAS,the City of Ames has been asked by Phasient Learning Technologies to submit
a $100,000 CEBA Venture application on its behalf to the Iowa Department of Economic
Development(IDED); and,
WHEREAS, the CEBA Venture Project Component is a program designed to assist
communities in the development of entrepreneurial business ventures by making equity-like
investments in start-up,early stage or existing companies developing new products or technologies;
and,
WHEREAS,Phasient Learning Technologies is a three year-old company that is developing
a courseware development product that enables the production of high-quality,web-based training
that organizes and distributes training content and a learning management system that tracks and
reports learning progress into a complete, turnkey e-learning system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the CEBA Venture Project Component Application to Iowa Department of Economic
Development on behalf of Phasient Learning Technologies is hereby approved.
ADOPTED THIS 26t''day of November, 2002.
. e--7)`(ate
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Cross
Voting aye: Cross, Goodhue, Hoffman, Vegge, Wirth
Voting nay: None Absent: Quirmbach
Resolution declared adopted and signed by the Mayor this 26t'of November, 2002.