HomeMy WebLinkAbout~Master - Close-out of Ball Plastic Container Corp. CDBG Set-Aside Award Program RESOLUTION NO. 05-319
RESOLUTION APPROVING CLOSE-OUT OF
BALL PLASTIC CONTAINER CORPORATION CDBG
SET-ASIDE AWARD PROGRAM
FOR THE CITY OF AMES
WHEREAS, in January 2002, the City received a Community Development Block Grant
(CDBG)Economic Development Set-Aside(EDSA)grant from the Iowa Department of Economic
Development (IDED) in the amount of$150,000 to assist the Ball Plastic Container Corporation
with an expansion project; and,
WHEREAS, the local match for the project was provided by the City of Ames Economic
Development loans that have been fully repaid; and,
WHEREAS,the City is required to hold a public hearing on the status of the EDSA Program
that includes a review of the general description of accomplishments, summary of expenditures,
description of remaining work, and description of changes to the budget, performance targets,
activity schedules, project scope, location, objective, or beneficiaries; and,
WHEREAS,the contract requires that the grant be reduced by$3,000 per j ob if less than 50
jobs are created with implementation of the project; and,
WHEREAS,the Ball Corporation will be providing the City with a check for$33,000 to be
passed through to the IDED, and this payment will close out the contract.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the close-out of the Ball Plastic Container Corporation Community Development Block Grant
Economic Development Set-Aside Award Program is hereby approved.
ADOPTED THIS 26th day of July, 2005.
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A_� 6./4�
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodman
Seconded by: Wirth
Voting aye: Goodhue, Goodman, Mahayni, Vegge, Wirth
Voting nay: None Absent: Cross
Resolution declared adopted and signed by the Mayor this 26th day of July, 2005.