Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A JOB CREATION GRANT AGREEMENT WITH YXLON INTERNATIONAL; AND DECLARING AN EMERGENCY.
Executive Summary: On April 24, 2014 Yxlon International made application to the City for a Job Creation Grant Agreement to support the establishment of their operations in Hudson. On May 8, 2014, the Hudson Economic Incentive Committee met and unanimously recommended that Council approve this agreement.
Body
Legislative History
Resolution 05-39, adopted on May 4, 2005, created the Job Creation Grant program.
Purpose & Explanation
This grant will help support the company's move of their operations into a leased facility at 5675 Hudson Industrial Parkway.
Timing Considerations
None
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that Hudson City Council approve the proposed Job Creation Grant Agreement with Yxlon International.
Submitted by,
Charles E. Wiedie
Economic Development Director