Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, pursuant to the Jobs Fund Program, to execute an Incentive Agreement and related documents with Fooji, Inc., in an amount not to exceed $100,000, for the creation and retention of at least sixteen (16) new jobs with an average hourly wage of at least $34.55, exclusive of benefits. [Mayor's Office, Atkins]
Summary
Authorization to execute a Jobs Fund Incentive Agreement with Fooji, Inc. for $100,000.00 for the creation of at least (16) new jobs at an average hourly wage of $34.55. Funds are Budgeted. (L0800-16) (Atkins)
Budgetary Implications: Yes
Advance Document Review:
Fully Budgeted: Yes
Account Number: 1144-136101-0001-78103
This Fiscal Year Impact: $100,000.00
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $1,646,485.36
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, pursuant to the Jobs Fund Program, be and hereby is authorized to execute the Incentive Agreement, which is attached hereto and incorporated by reference, and any related documents, with Fooji, Inc., in an amount not to exceed $100,000.00, for the creation and retention of at least sixteen (16) new jobs with an average hourly wage of at least $34.55, exclusive of benefits.
Section 2 - That an amount, not to exceed the sum of $100,000.00, be and hereby is approved for payment to Fooji, Inc., from account #1144-136101-0001-78103, pursuant to the terms of the Loan Agreement and any related documents.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL