HomeMy WebLinkAboutResolution 2004 (38) A Resolution Relating to St. Croix County's Participation in the Wisconsin Community
Development Block Grant for Economic Development Program for Ristow Trucking, Inc.
expansion in Hammond
RESOLUTION NO. .3 8 Cq OU )
St. Croix County, Wisconsin
WHEREAS, Federal monies are available under the Wisconsin Community Development
Block Grant program, administered by the State of Wisconsin, Department of Commerce, for the
purpose of economic development; and
WHEREAS, the Department of Commerce has offered to provide Ristow Trucking, Inc.
$275,000 in financing assistance; and
WHEREAS, the Department of Commerce will provide the financing assistance to Ristow
Trucking, Inc. through a grant to St. Croix County, which in turn, will loan the funds to Ristow
Trucking, Inc. or an entity to be formed that will own the Hammond facility; and
WHEREAS, the loan repayments can be used by St. Croix County to capitalize its Business
Revolving Loan Fund; and
WHEREAS, the Department of Commerce will also provide St. Croix County $6,000 of
grant funds to cover administration costs associated with the grant; and
WHEREAS, the funds from the Department of Commerce will be in the form of a grant from
the Department of Commerce who does not require repayment of the grant per the terms and
conditions of a grant contract prepared by the Department of Commerce, and
WHEREAS, the Department of Commerce has reviewed the proposed project and the
benefits to be gained therefrom and, after public meeting, the Finance Committee recommends
that an application be submitted to the State of Wisconsin for the following project:
Loan to Ristow Trucking, Inc. or an entity to be formed that will own the
Hammond Cold Storage facility
WHEREAS, it is necessary for the County Board to approve the preparation and filing of an
application for the County to receive funds from this program; and
THEREFORE, BE IT RESOLVED, that the St. Croix County Board of Supervisors does
approve and authorize the preparation and filing of an application for the above -named project; and
BE IT FURTHER RESOLVED, that the County Board Chair and Clerk are hereby
authorized to sign all necessary documents on behalf of the County; and
BE IT FURTHER RESOLVED, that authority is hereby granted to the Administrative
Coordinator to take the necessary steps to prepare and file the appropriate application for funds
under this program in accordance with this resolution.
BE IT FURTHER RESOLVED, that St. Croix County will contract with the West Central
Wisconsin Regional Planning Commission (WCWRPC) to assist the County in filing the grant
application and administering the grant for a fee not to exceed the $6,000 provided by the
Department of Commerce to cover administration costs.
Dated this 03Y day of (9L..fo6er , 2004.
Offered by: Finance Committee
NEGATIVE AFFIRMATIVE