HomeMy WebLinkAboutReso 2000-100 - Budget Group, Inc RESOLUTION NO. 2000-100
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING APPROVING THE JOBS CREDIT AND BLOCK GRANT
AGREEMENT BETWEEN THE CITY OF REDDING AND BUDGET
GROUP, INC.
WHEREAS, in order to facilitate future job growth in the City's economic development efforts, the
City of Redding desires to enter into a Jobs Credit and Block Grant Agreement between the City and Budget
Group, Inc. (BGI); and
WHEREAS, BGI will create 200 full-time jobs in the first year of occupancy of a new reservation
center, and maintain these jobs for a period of five years;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding that:
1. The City will provide BGI with Community Development Block Grant(CDBG) funds in an amount
not to exceed $225,000 in order to reimburse BGI for those allowable expenses that fall within the guidelines
and regulations of the CDBG Program. As a result of this grant, BGI will be required to create a minimum of
200 jobs, 25 of which shall benefit low-income individuals.
2. BGI is a "qualified project" and is eligible to participate in the City's Jobs Credit and Fee Deferral
Program as set forth in Council Policy No. 804.
BE IT FURTHER RESOLVED that the Mayor or his designee is authorized to sign the Jobs
Credit and Block Grant Agreement between the City of Redding and Budget Group, Inc., and that the City
Clerk is directed to attest his/her signature and impress the official seal of the City of Redding to the
Agreement.
I HEREBY CERTIFY that the foregoing resolution was introduced, read and adopted at a special
meeting of the City Council on the 18th day of May, 2000, by the following vote:
AYES: COUNCIL MEMBERS: Cibula, Kight, Pohlmeyer and Anderson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: McGeorge
ABSTAIN: COUNCIL MEMBERS: None
ROBERT C. ANDERSON, Mayor
Attest: Form Approved:
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Connie Strohmayer, Cit/ kik W. Leonard Wingate; C y Attorney