HomeMy WebLinkAboutResolution 1999 (09) A Resolution Relating to St. Croix County's Participation in the Wisconsin
Community Development Block Grant for Economic Development Program for
Emerald Dairy LLP.
RESOLUTION NO. q (,9q
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
LLP up to $100,000 in financing assistance; and
WHEREAS, the Department of Commerce will provide the financing assistance to
Emerald Dairy, LLP through a grant to St. Croix County, which in turn, will loan the funds
to Emerald Dairy LLP; and
WHEREAS, the loan repayments from Emerald Dairy LLP can be used by St.
Croix County to establish a local Revolving Loan Fund; and
WHEREAS, on June 17, 1997 St. Croix County adopted polices and procedures
guidelines relating to the future 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?tlae.f0nds from the Department of Commerce will be in the form of a
grantftdrrrthe of Commerce who does not require repayment of the grant per
the erms and conditions=of fi' giant contract prepared by the Department of Commerce,
and M ; d . .
- -WHEREASAtie Administration Committee has reviewed the proposed project and
the benefits to be gained therefrom and, after a public meeting and due consideration, the
Admintstratiail; itt re of mends that an application be submitted to the State of
Wisconsin for the following project: Loan to Emerald Dairy LLP: 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 is hereby authorized to
sign all necessary documents on behalf of the County; and
BE IT FURTHER RESOLVED, that authority is hereby granted to the Chair of the
Administration Committee Chair 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 contract with the West
Central Wisconsin Regional Planning Commission (WCWRPC) to assist the
Administration Committee 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 as day of June, 1999.
Offered by: Administration Committee
NEGATIVE AFFIRMATIVE /
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STATE OF WISCONSIN
COUNTY OF ST. CROIX
I, Sue E. Nation, St. Crobt
County Clerk. 00 HEREBY CERl1
the (FY)
adopted by the County of Susevlsors
at theft naeanl held LI-'44 a / sss
Sue E. Nelson, St. Crak County Clerk