HomeMy WebLinkAboutResolutions 2001 (33) A Resolution Relating to St. Croix County's Participation in the Wisconsin
Community Development Block Grant for Economic Development Program for
Emerald Dairy II, LLC.
RESOLUTION NO. 3 6 o ()
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 Emerald Dairy II,
LLC $600,000 in financing assistance; and
WHEREAS, the Department of Commerce will provide the financing assistance to
Emerald Dairy II, LLC through a grant to St. Croix County, which in turn, will loan the
funds to Emerald Dairy II, LLC; and
WHEREAS, the loan repayments from Emerald Dairy II, LLC 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 Emerald Dairy II, LLC.: and
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 5 day of mom'-' , 2001.
Offered by: Finance Committee
NEGATIVE AFF RMA '
-,
STATE OF WISCONSIN
COUNTY OF ST. CROIX
I, Sue E. Nelson, St. Croix
County Cterk, DO HEREBY CERTIFY that
the fgraaoing Is a e and correct cppy of
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...c) 3 3 (a a C)
adopted by the County Board of Supervisors
at their meeting held IUO. 3 a, a: c c i
Sue E. Nelson, St. Croix County Clerk
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