HomeMy WebLinkAbout~Master - Application for CEBA funds for Sauer-Danfoss RESOLUTION NO. 06-284
RESOLUTION SUPPORTING AN APPLICATION
TO THE IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
FOR CEBA FUNDS ON BEHALF OF SAUER-DANFOSS
FOR THE CITY OF AMES, IOWA
WHEREAS, Sauer-Danfoss officials have indicated that they hope to consolidate, at their
Ames location,certain functions currently undertaken at various sites throughout their company;and,
WHEREAS,the expansion of Ames-based companies is one of the stated goals of the City's
Economic Development Plan; and,
WHEREAS, Sauer-Danfoss has been a valued corporate citizen in our community for many
years; and,
WHEREAS,this expansion will result in the creation of an additional 208 jobs in the Ames
community with salary/benefits from$36,757 for 145 positions, 26 positions between$37,000 and
$50,000, and 37 positions at over$50,000/year; and,
WHEREAS,the company intends to invest$4,465,000 towards this consolidation in Ames
for new machinery/equipment, furniture/fixtures, and building remodeling; and,
WHEREAS, an incentive package has been compiled that includes a CEBA Grant in the
amount of$750,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the submittal of the Sauer-Danfoss application for funding from the Iowa Department of
Economic Development to facilitate the expansion of operations at their plant in Ames is hereby
supported.
ADOPTED THIS 18th day of July, 2006.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Rice
Voting aye: Doll, Goodman, Popken, Rice
Voting nay: None Absent: Mahayni
Resolution declared adopted and signed by the Mayor this 18"day of July, 2006.