13 - Terminating Tax Abatement dated 11-24-2008 with Campbell Soup related to the Multi-Serve Beverage Line

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Campbell Soup Documents Summary 'oe Awgust 2008 Board minutes reflect the following: Executive session ended at 6:35 p.m. John Wright made a motion to approve an expansion incentive agreement fior Campbell Soup %khere the PEDC advocates: 100% real and personal property lax abatement over ten (10) years with the City, County and PX on their new product line entitled Fusion. * $227.500.00 toward the training, of` 65 new employees related to the new production line. * And $3800.00 cash grant for each new permanent employee., related to the expansion, over their current total workforce of 800. The total not to exceed $250.000.00. The motion passed unaniniousl) on a second by Dick Severson. November 2008 Tax abatement agreement executed bel-,xcen Soup and City and County March 2009 Found draft of incentive Agreement saved on Director's computer. NOTE—If have found NO signed copy of this document. Draft rcllerences the following incentives: Creation oi'65 FTE jot-.,;. retention of 1000 current FTE jobs, $3500 for each new FTE job created above 1000 (page I - paragraph 6) $227.000 for workl'orce development and training Agreement effective as of March 1. 2009, effective for 60 months (page 2. paragraph 1) Maintain at least 1000 jobs (page 2, paragraph 4) $3500 paid for each additional FTE over 1000, not to exceed $250,000 (page 2, paragraph 61 $227.000 for workforce development and/or training (page 2, paragraph 8) Maintain a workforce ot'no less than 1000 FTE (page 2, paragraph 9) June 2009 PEDC board meeting minutes from .lune 9"' reference board approval of the following for Soup: As a result of executive session discussion. the board authorized an incentive package for Campbell Soup ofup to $100.000 for training and up to a $100,000 cash grant upon net gain and maintaining of employees above their current employment level. The action passed unanimously on a motion. by Dan Smith. seconded by John Wright. Found letter dated June 23'd with els cironic signature of Director. NOTE—there is no indication of whether or not this letter was sent to Soup. The letter references the following incentives as approved by the PEDC board for Cold Blend expansion: 0 $) o0,000 in workforce training Funds a 55000 pear additional FTF. over and above 850 employees. not to exceed $50,000 October 2009 Received lever from Soup requestin- payment of -$475.000 in incentives ($225.000 cash grant, $250,ed with letter is an incentive agreernerill between Soup and PE_DC. NOTE—the enclosed agreement is NOTfully executed (only signed r -I