HomeMy WebLinkAbout~Master - Application to IDED for Home School, Inc. RESOLUTION NO. 08-507
RESOLUTION APPROVING SUBMITTAL OF APPLICATION
FOR CEBA FUNDS FOR HOME SCHOOL,INC.,
FOR THE CITY OF AMES
WHEREAS,Home School,Inc.,(HSI)is a company currently based in Des Plaines,Illinois,
that provides Internet-based products, services, support, and guidance for families that are home
schooling children; and,
WHEREAS, the company has generated strong web traffic and has a large customer base
using an on-line planning and instruction management tool for home schooling families; and,
WHEREAS,HSI is expecting rapid growth in sales of curriculum and home school support
service and has selected Ames as the new location of headquarters and home operations; and,
WHEREAS, the company plans include construction of a 25,000 square-foot building in
Ames with space available for future expansion,and it currently has 11 employees with expectations
to create 41 new jobs in the first year and 54 additional jobs over the following two years; and,
WHEREAS,the total cost to construct and equip the Ames facility and train new employees
is $7,919,398; and,
WHEREAS, HSI has not finalized the assistance agreement with the Iowa Department of
Economic Development (IDED), and all local matches from the City and the Ames Economic
Development Commission will be contingent upon IDED assistance and future approvals by the City
Council; and,
WHEREAS, for the IDED to continue consideration of this project, the Council needs to
approve submittal of the HSI application for IDED economic development assistance.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that support of the submittal of an application from Home School, Inc., to the Iowa Department of
Economic Development requesting economic development assistance is hereby approved.
ADOPTED THIS 9th day of December, 2008.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Popken
Seconded by: Rice
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 9" day of December, 2008.