HomeMy WebLinkAbout~Master - Endorsement of Iowa Economic Development Authority Application for Financial Assistance for 3M Company RESOLUTION NO. 23451
RESOLUTION ENDORSING THE IOWA ECONOMIC DEVELOPMENT AUTHORITY
APPLICATION FOR FINANCIAL ASSISTANCE FOR 3M COMPANY
FOR THE CITY OF AMES IOWA
WHEREAS, representatives of the City of Ames and the Ames Economic Development
Commission have been working with 3M Company, which is considering an expansion in the City
of Ames; and
WHEREAS, the total investment in property, equipment, and research and development
contemplated by 3M Company may exceed 13.5 million dollars and create approximately 25 new
jobs above its current employment in Ames; and
WHEREAS, the continued expansion of 3M Company is contingent upon receiving benefits
as described under the High-Quality Jobs Program; and
WHEREAS, the City of Ames is not required to provide a local match for the application.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the endorsement of the Iowa Economic Development Authority application for the High-Quality
Jobs Program and authorization of the Mayor to sign the application on behalf of the City of Ames
are hereby approved.
ADOPTED THIS 8th day of August, 2023.
4 W- 4tlo-�' e_
Renee hall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Gartin, Junck, Rollins
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 81h day of August, 2023.