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Home My WebLink About~Master - Contract for economic development with BIVI RESOLUTION NO. 11-336 RESOLUTION APPROVING CONTRACT FOR ECONOMIC DEVELOPMENT FINANCIAL ASSISTANCE WITH IDED AND BOEHRINGER INGELHEIM VETMEDICA, INC., FOR THE CITY OF AMES, IOWA WHEREAS, Boehringer Ingelheim Vetmedica, Inc., (BIVI) is one of the world's leading pharmaceutical companies with operations in several locations in the United States; and, WHEREAS, with the acquisition of Fort Dodge Animal Health, BIVI began a project to expand Iowa-based operations, including the BIVI Health Management Center located in the ISU Research Park; and, WHEREAS,the company will be expanding a well-established business line and will retain 41 jobs in Ames and create an addition 15 jobs, and the overall project also includes expansion of existing facilities in Fort Dodge and Sioux Center; and, WHEREAS,at its November 16,2010,meeting,the Council adopted a resolution supporting the submittal of an Iowa Department of Economic Development(IDED) application for assistance from BIVI, including a City of Ames match in the form of a forgivable loan in the amount of $61,000, and at its April 26, 2011, meeting, the Council adopted a resolution approving the local match agreement with BIVI; and, WHEREAS, the final step in this process is to finalize the agreement amongst BIVI,IDED, and the local communities, including Ames; and, WHEREAS,the local community commitments under the contract are primarily to provide the local match and to notify IDED if the City becomes aware of any material alterations to the project; and, WHEREAS, the project will require no infrastructure investment in Ames, and expanded operations will be located in additional leased space at the ISU Research Park. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that the contract for economic development financial assistance with the Iowa Department of Economic Development and Boehringer Ingelheim Vetmedica, Inc., and the cities of Ames, Fort Dodge, and Sioux Center, is hereby approved. ADOPTED THIS 12' day of July, 2011. ,;��ba)RV&Aa, _,i.W- &/?, ,-,�"/,//_..- Diane R. Voss, City Clerk Ann H. Campbell, Mayo Introduced by: Mahayni Seconded by: Davis Voting aye: Davis, Mahayni, Larson, Orazem Voting nay: None Absent: Goodman, Wacha Resolution declared adopted and signed by the Mayor this 12'day of July, 2011.