TO AUTHORIZE EXPENDITURES FROM THE INDUSTRIAL DEVELOPMENT FUND TO SUPPORT AN ECONOMIC DEVELOPMENT PROJECT (Envisage Technologies, Inc., 101 W. Kirkwood Ave.)
In accordance with state law, this resolution authorizes payment of up to $300,000 from the Industrial Development Fund (“IDF”) to Envisage Technologies, Inc. to assist with the company’s renovation of its current office space and future expansion of its business operations. The resolution also authorizes the City to enter into an agreement with Envisage to include the terms and conditions of the compliance and potential clawback of the payment in the event of noncompliance.
| Amends Code | No |
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| Committee | 2017-01-25 | Recommend Do Pass | 6-0-2 (Ruff, Volan) (Mayer absent) |
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| Final | 2017-02-01 | Passed | 7-1 (Ruff) (Granger absent) |