HomeMy WebLinkAbout~Master - CEBA application for CombiSep, Inc. RESOLUTION NO. 03-137
RESOLUTION APPROVING CEBA APPLICATION
ON BEHALF OF COMBISEP, INC.,
FOR THE CITY OF AMES
WHEREAS, the City of Ames has been asked by CombiSep, Inc., to submit a $100,000
CEBA application on its behalf to the Iowa Department of Economic Development(IDED); and,
WHEREAS, CombiSep, Inc., is a manufacturer of state-of-the-art instrumentation for
analytical separation equipment, and this product/technology is useful in analyzing and identifying
proteins, ions, DNA, and other substances in the fields of pharmaceutical analysis, fine chemical
synthesis, combinatorial chemistry, ion analysis, forensic investigations, genetic analysis and
mapping, proteomics, metabolomics, quality control, and genetically-engineered products; and,
WHEREAS,pharmaceutical companies,medical clinics,universities,forensic scientists,and
many more research and development applications will use these applications; and,
WHEREAS,the Ames Seed Capital Fund Committee will be meeting to determine if it will
provide financial assistance in the form of a $50,000 direct loan; and,
WHEREAS,CombiSep,Inc.,has previously been funded in 2001 through the CEBA Venture
Program and the City of Ames Revolving Loan Fund Program; and,
WHEREAS, the company has shown steady growth over the past year, and staff is
recommending approval of this request.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that submittal of a CEBA application to the Iowa Department of Economic Development on behalf
of CombiSep, Inc., is hereby approved subject to the Ames Seed Capital Fund providing financial
assistance in the form of a $50,000 loan.
ADOPTED THIS 22nd day of April, 2003.
C�A�?. UAa& 'Z ��
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Wirth
Voting aye: Goodhue, Hoffman, Mahayni, Vegge, Wirth
Voting nay: None Absent: Cross
Resolution declared adopted and signed by the Mayor this 22nd of April, 2003.