HomeMy WebLinkAbout~Master - IEDA application for financial assistance for Boehringer Ingelheim Vetmedica, Inc. RESOLUTION NO. 14-668
RESOLUTION APPROVING THE APPLICATION OF BOEHRINGER INGELHEIM
VETMEDICA,INC., TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY
HIGH QUALITY JOBS PROGRAM
FOR THE CITY OF AMES,IOWA
WHEREAS,the City of Ames has received a request from Boehringer Ingelheim Vetmedica,
Inc.,to approve and submit an application to the State of Iowa for the Economic Development High
Quality Jobs Program; and,
WHEREAS, the program was established to promote Economic Development and Job
Creation in the State of Iowa; and,
WHEREAS, the City of Ames supports activities which promote and facilitate Economic
Development within the City of Ames; and,
WHEREAS, in the application, Boehringer Ingelheim Vetmedica, Inc., has indicated that it will:
1. Create one new full-time position
2. Provide comprehensive health benefits to its employees
3. Make a capital investment of approximately$11,993,196
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that:
a. The Ames City Council hereby approves the application of Boehringer Ingelheim
Vetmedica, Inc., for the purpose of receiving benefits from the High Quality Jobs
Program.
b. The Ames City Council understands the local match requirement of the Iowa Economic
Development Authority and hereby approves a local match in the form of Iowa Code
Section 427B from the Industrial Property Tax Abatement program. Local match is
contingent upon, and limited to,property improvement qualified for the Industrial Tax
Abatement Program.
c. The Ames City Council hereby authorizes the Mayor to sign the HQJP application on
behalf of the City and to take such further actions as deemed necessary in order to carry
into effect the provisions of this Resolution.
ADOPTED THIS 16`' day of December, 2014.
A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Nelson
Seconded by: Corrieri
Voting aye: Betcher, Corrieri, Gartin, Goodman,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 16t'day of December, 2014.