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561 <br /> <br />-- President Rhodes stated that the next item on the agenda was authorizing the <br /> execution of an Incentive Agreement with the Earthgrains Company. He said that <br /> this company has an ongoing expansion at this time and Mr. Vest advised that this <br /> expansion is almost complete. Mr. Vest said that this Incentive Agreement has been <br /> discussed for approximately one year. He said that one of the items presented to <br /> this company was an incentive payment whiCh called for the minimum creation of <br /> twenty (20) jobs according to our Flexible Incentive Plan at $2,000.00 per job, with <br /> some flexibility of anywhere from 20 to 40 jobs created in this project. He said that <br /> it specified in the agreement the time period that they have to create these jobs and <br /> the time period required for jobs retention. He asked for any questions concerning <br /> this item. <br /> <br /> City Attorney Larry Schenk read the resolution. <br /> <br /> Resolution No. 2000-005, authorizing the execution of an Incentive Agreement with <br /> The Earthgrains Company. <br /> <br /> After discussion by the Board, Boardmember Jay Guest made a motion, seconded <br /> by Boardmember Don Wall, that this resolution be adopted. The Board voted <br /> unanimously to adopt the resolution. <br /> <br /> <br />