HomeMy WebLinkAbout~Master - Supporting the Submittal of an Application from AMCOR Rigid Packing Requesting Economic Development Assistance from Iowa Economic Development Authority (IEDA) with no Local Match RESOLUTION NO. 20-154
RESOLUTION SUPPORTING THE SUBMITTAL OF AN APPLICATION FROM
AMCOR RIGID PACKING REQUESTING ECONOMIC DEVELOPMENT ASSISTANCE
FROM IOWA ECONOMIC DEVELOPMENT AUTHORITY(IEDA)
WITH NO LOCAL MATCH
FOR THE CITY OF AMES, IOWA
WHEREAS, Amcor Rigid Packaging Company had applied for economic development
assistance from the Iowa Economic Development Authority(IEDA)to expand operations at its Ames
plant; and,
WHEREAS,the application does not include a request for a local match,but local sponsorship
of the application is required to proceed; and,
WHEREAS,the project will include the expansion of manufacturing equipment,including four
new extrusion/injection lines and three new blow molding machines; and,
WHEREAS,the total expected investment for the project is$3,086,270, including$172,591
assistance package from the IEDA in the form of investment tax and other state tax credits; and,
WHEREAS,the project will utilize the existing buildings at the Ames facility and is expected
to create an additional 42 jobs; and,
WHEREAS,the IEDA will review the Amcor application for assistance on April 17,2020,and
for the IEDA to continue consideration of this project, the City Council must adopt a resolution
supporting the submittal of the Amcor application for IEDA assistance.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the request for the City of Ames to support the submittal of an application from Amcor Rigid
Packaging Company requesting economic development assistance from the Iowa Economic
Development Authority with no local match requirement is hereby approved.
ADOPTED THIS 14'day of April, 2020.
Diane . Voss, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Martin
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14t' day of April, 2020.