Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A COMMUNITY REINVESTMENT ACT AREA AGREEMENT WITH TJE REAL ESTATE, LLC, GEM EDWARDS INC., GEMCARE WELLNESS INC., ADVANCED HEALTH TECHNOLOGIES, EDWARDS HEALTH CARE SERVICES, AND TEMEG HOLDINGS INC.; AND DECLARING AN EMERGENCY.
Brief Description: TJE Real Estate, LLC is currently located at 5640 Hudson Industrial Park and looking to expand onto abutting Parcel 30-09203, provided the appropriate development incentives are available to support the economic viability of their project.
Body
Legislative History
None.
Purpose & Explanation
To provide real property tax abatement to support the expansion of their facility at 5640 Hudson Industrial Park through the construction of a 49,000 square-foot addition to their facility to accommodate their growth. The entity will transfer 17 employees from a previous location in Hudson. The entity will maintain their staff of 177 full-time and 13 part-time employees at this current location. The entity will hire 75 new full-time employees over the next 5 years to occupy the additional space they construct. The company would like to begin construction in September 2020, which would allow for completion by December 2020. The Board of Education through the Superintendent has been notified.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04:
Competitively bid and advertised for two consecutive weeks
Joint or Cooperative Purchase Program
Professional Services
X Other
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required
Does this legislation require use of an emergency clause?
X Yes, emergency language is requested in order to create employment opportunities within the City of Hudson at the earliest possible time, and to allow for the company to proceed with plans for construction in September 2020.
No
Recommendation
Suggested Action
Staff recommends that Hudson City Council authorize the City Manager to enter into the Community Reinvestment Act Area Agreement with TJE Real Estate, LLC and TEMEG Holdings Inc
Submitted by,
Jane Howington, City Manager
Jim Stifler, Economic Development Director