HomeMy WebLinkAbout~Master - CEBA contract amendment with AATI and IDED RESOLUTION NO. 03-167
RESOLUTION APPROVING CEBA CONTRACT AMENDMENT WITH
ADVANCED ANALYTICAL TECHNOLOGIES, INC., AND
THE IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
FOR THE CITY OF AMES
WHEREAS, on September 23, 2003, Advanced Analytical Technologies, Inc., (AATI)
requested a CEBA contract extension for one year from the Iowa Department of Economic
Development(IDED); and,
WHEREAS, the original contract was a three-year forgivable loan of $150,000 for the
creation and retention of 67 positions in Ames; and,
WHEREAS,the company requested the extension to allow for additional job growth to meet
the 67 positions to be created; and,
WHEREAS,this extension would allow the companyuntil June 30,2003,to achieve the job
creation goals; and,
WHEREAS, the IDED misplaced the requests until the City of Ames staff followed up on
the extension request; and,
WHEREAS, the extension will take place immediately.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the CEBA contract amendment for an extension until June 30, 2003, for Advanced Analytical
Technologies, Inc., is hereby approved.
ADOPTED THIS 13`'day of May, 2003.
C�A�?.�-J.& �4
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Goodhue
Voting aye: Cross, Goodhue, Hoffrnan, Mahayni, Vegge, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 13"' of May, 2003.