Loading...
HomeMy WebLinkAboutResolutions 2000 (41) A Resolution Relating to St. Croix County's Participation in the Wisconsin Community Development Block Grant for Economic Development Program for Jon - De Farm, Inc. RESOLUTION NO. - / C a rte) 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 Jon -De Farm, Inc. up to $300,000 in financing assistance; and WHEREAS, the Department of Commerce will provide the financing assistance to Jon -De Farm, Inc. through a grant to St. Croix County, who in turn, will loan the funds to Jon -De Farm, Inc.; and WHEREAS, the loan repayments from Jon -De Farm, Inc. can be used by St. Croix County to capitalize its Business Revolving Loan Fund; and WHEREAS, on March 21, 2000 St. Croix County adopted policies and procedures guidelines relating to the administration of a Revolving Loan Fund established with loan repayments from economic development grants to St. Croix County; 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 Jon -De Farm, Inc.; 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 day of (0 ei . , 2000. Offered by: Finance Committee NEGATIVE AFFIR TIVE Air / A �1 /ia... A ! ..� .1 1`m Rev - 3 wpi, STATE OF WISCONSIN COUNTY OF ST. CROIX 4 Sue E. Nelson. St. Croix County Clerk, DO HEREBY CERTIFY that the going Is a, true d e a °4. St — \°'' of adopted by the County_Bogtd of Supervisors at their meeting held Sue E. Nelson, St. Croix County C!::.