Title
A Motion to Authorize the City Manager (or the City Manager’s Designee or City Solicitor) to terminate the Job Creation Grant Agreement with Diebold Nixdorf, Inc. executed on January 5, 2021 pursuant to Section 11(D) of the Agreement and notifying Diebold Nixdorf, Inc. of such.
Brief Description: Due to the entity vacating the project site at 50 Executive Parkway, staff requests a motion to terminate the Job Creation Grant Agreement with Diebold Nixdorf, Inc.
Body
Legislative History
Resolution 20-144 authorizing the execution of the Job Creation Grant Agreement with Diebold Nixdorf, Inc. dated November 11, 2020.
Discussion Item 24-0106, Termination of the Diebold Nixdorf, Inc. Job Creation Agreement.
Purpose & Explanation
In Discussion Item E in the Workshop on October 22, 2024, City Council expressed desire to terminate the Job Creation Agreement with Diebold Nixdorf, Inc. executed on January 5, 2021, pursuant to Section 11(D) of the Agreement due to the entity vacating the project site at 50 Executive Parkway and pursuant to Section 11(D) of the Agreement.
Timing Considerations
The report submitted is for the preceding month.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required
Recommendation
Suggested Action
Staff recommends City Council make a Motion authorizing the City Manager or the City Manager’s designee to terminate the Diebold Nixdorf, Inc. Job Creation Grant Agreement dated January 5, 2021 pursuant to Section 11(D).
Submitted by,
Thomas J. Sheridan, City Manager
Greg Hannan, Community Development Director
Katie Behnke, Economic Development Manager