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Campbell Soup Documents Summar, <br />August 2008 <br />Board nlinUtCS NMTt the I01IONVin": <br />Executive session ended at 6:35 p.m. John Wright made a motion to approve an <br />expansion incentive agreement for Campbell Soup where the PEDC advocates: <br />a 100% real and personal property tax abatement over ten (10) years with the City, County <br />and PJC on their ne,v product line entitled Fusion. <br />• $227.500.00 toward the training of 65 new employees related to the new production line. <br />• And 53800.00 cash grant for each new permanent employee, related to the expansion, <br />over their current total workforce of 800. The total not to exceed $250,000.00. <br />The motion passed UnaninIOUSIN on a second by Dick Severson. <br />November 2008 <br />Tax abatement agreement executed between Soup and City and County <br />March 2009 <br />Found draft of` Incentive Agreement saved on Director's computer. NOTE—] have found NO <br />signed copy of this document. Draft references the following incentives: <br />Creation of 65 FTE j ol--s, retention of 1000 current FTE jobs, $3500 for each new FTE <br />job creatud above 1000 (page 1. paragraph 6) <br />$227.000 for workforce development and training <br />Agreement effective as of March 1.2009. effective for 60 months (page 2. paragraph 1) <br />• Maintain at least I OOO.jobs (page 2, paragraph 4) <br />• $3500 paid for each additional FTE over 1000, not to exceed $250,000 (page 2, <br />paragraph 6) <br />$227.000 Ior workforce development and/or training (page 2. paragraph 8) <br />,-- , <br />Maintain a workforce ot'no less than 1000 FTE (page 2. paragraph 9) <br />June 2009 <br />PEDC board meeting minutes firom June 9"' reference board approval of the following for Soup: <br />As a result of executive session discussion. the board authorized an incentive package <br />fiar Canipbel I Soup oftip to $100,000 for training and up to a $100,000 cash grant upon <br />net oain and maintaining of employces above their current employment level. The <br />action passed unanimously on a motion by Dan Smith. seconded by John Wright. <br />Found letter dated June 23d \vith eleco-oroc signature of Director. NOTE—there is no indication <br />of whether or not this letter was sent to Soup. The letter references the following incentives as <br />approved by the PEDC board for Cold Blend expansion: <br />W $ 1 oO.000 in workforce training funds <br />0 $5000 per additional FTE' over and above 850 employees. not to exceed $50,000 <br />October 2009 <br />Received letter 1rom Soup requesting payment ol'$475,000 in incentives ($225.000 cash grant, <br />$250,000 vorkfilrce development/training funds). Enclosed with letter is an incentive agreement <br />between Soup and PFDC. NOTE—the enclosed agreement is NOT fully executed (only signed <br />