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Authorizing & Approving the execution of a certified Technology Park Agreement with the Redevelopment Commission, and the Indiana Economic Development Corporation
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Authorizing & Approving the execution of a certified Technology Park Agreement with the Redevelopment Commission, and the Indiana Economic Development Corporation
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3/11/2009 3:14:13 PM
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3/11/2009 3:14:12 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
12/8/2008
Ord-Res Number
3929-08
Bill Number
08-110
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COMPANY DISCLOSURE: <br />Please answer the following and explain. all yes responses on a separate page. <br />Yes X No 1. Is the company presently involved in any litigation, which would have a material adverse effect on <br />the company's and/or principals' financial condition? <br />Yes X' No 2. Has the company or its affiliates ever been involved in bankruptcy, creditor's rights, or receivership <br />proceedings or sought protection from creditors? <br />Yes X No 3. Has any member. of the company's management (Officers, etc.), been convicted of any felony? <br />Yes X No 4. Has the company or any member of the management been under indictment or investigation by a <br />.public agency for a violation of a state or federal. statute? <br />Please answer the following and explain all no responses on a separate page.- <br />X Ycs NoS. Is the company in good standing with Indiana 1Department of Revenue? <br />X Yes No 6. Is the company in good standing with the Indiana Department of Environment Management? <br />X Yes No 7. Is the company in good standing with the Indiana Department of Workforce Development? <br />X -Yes No ' 8. Is the company in good standing with the Indiana Department of Natural Resources? <br />Project Information: <br />Attach as Attachment B a brief narrative that specifically describes the following requirements for approval <br />of current and future applications for Certified Tech Park (CTP) status and grants from the Technology <br />Development Grant Fund: <br />1. Submission of a viable business plan that establishes a clear strategy for long-term growth. <br />2. Demonstration that designation of the CTP creates an opportunity to amact a specific high-tech business. <br />3. Agreement on behalf of the applicant that funds from the CTP's tax increment account and grants awarded from <br />the Technology Development Grant Fund will be expended according to CTP guidelines. <br />4. Agreement on behalf of the applicant that IEDC may revoke the tax increment and recapture rights of the <br />technology park in the event of noncompliance with any part of the agreements of the community, <br />redevelopment commission, or any tenant of the park. <br />5. Evidence of local government financial participation in the establishment of the CTP. <br />6. An agreement with an Indiana institution of higher education requiring that institution to make a meaningful <br />monetary or in kind contribution to the park. <br />7. Agreement between IEDC and the applicant regarding <br />• The types of businesses eligible to locate in the park; and <br />• The types of businesses located within the park from which revenue may be recaptured for use <br />within the park. <br />SEE ATTACHMENTS B and D for the information requested in this section. <br />
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