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HomeMy WebLinkAboutResolution 4860 Supporting the Big Sky Economic Development Trust Fund Program on behalf of Zinovo RESOLUTION NO. 4860 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, RELATING TO THE APPLICATION TO BIG SKY ECONOMIC DEVELOPMENT TRUST FUND PROGRAM ADMINISTERED BY THE STATE OF MONTANA,DEPARTMENT OF COMMERCE, ON BEHALF OF ZINOVO. WHEREAS, the Bozeman City Commission is committed to facilitating economic diversification in the City and the region; and WHEREAS, the Bozeman City Commission is committed to facilitating mid- and high- wage job creation and expansion,thus positively impacting the economy of the entire region; and WHEREAS, Zinovo, desires to expand their business and create additional technology- related jobs in Bozeman; and WHEREAS, the City Commission has determined that the technology sector has high growth potential, supports mid to high wage jobs and supports economic diversity; and WHEREAS, the Montana Department of Commerce administers the Big Sky Economic Development Trust Fund Category I job creation program, a state-funded program,to create good paying jobs for Montana residents,promote long-term, stable economic growth in Montana, create partnerships, expand existing businesses and provide a better life for future generations through greater economic growth and prosperity; and WHEREAS,the City Commission hereby authorizes and appoints The Prospera Business Network to administer, on behalf of the City of Bozeman, all aspects of the Big Sky Trust Fund Economic Development Category I grant and provide administrative support and other responsibility for the management and appropriate reporting to the Montana Department of Commerce. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, the City agrees to submit an application, through The Prospera Business Network,to the Montana Department of Commerce, Big Sky Economic Development Trust Fund Program to assist Zinovo in their expansion project and that The Prospera Business Network will manage all aspects of the grant. PASSED, ADOPTED, AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 13th day of November, 2017. CARSON TAYLOR Mayor ATTEST: pF•B�2�;' 'Ak ROB CROUGH _ _`- � * City Cleric 77 1883 ` •, .•�� APPROVED AS TO FORM: cuss s� r City Attorney J Vill. CERTIFICATION BY LOCAL GOVERNMENT AND BUSINESS As the responsible authorized agents of the City of Bozeman, and Applicant Business:Zinovo,we hereby submit this Big Sky Economic Development Trust Fund Application. The information presented in this application is, to the best of our knowledge, true, complete and accurately represents the proposed project.We understand that additional information and documentation may be required. In addition, we understand that the local or tribal government applicant and the assisted business receiving BSTF financial assistance are liable for the full amount of the award that is advanced by the Department if the assisted business: misrepresents itself or its claims, fails to create or maintain the number of net new eligible jobs as specified in the executed contract and assistance agreement, fails to inject the required amount of match into the project as specified in the executed contract and assistance agreement, or ceases operations at the Project Site. X❑The Applicant designates Prospera Business Network, 587-3113 as the authorized contact for any additional Department requests for the release of additional information regarding this application for BSTF funds. Local Applicant: City of Bozeman will accept responsibility for management of the project and compliance with Big Sky Economic Development Trust Fund regulations. Applicant Business: Zinovo will accept responsibility for compliance with applicable Big Sky Economic Development Trust Fund regulations as specified in this application. Name (typed): Carson Taylor City of Bozeman Title (typed): Mayor Signature: X Date: As the responsible authorized agents of the Assisted Business:Zinovo,we hereby submit this Big Sky Economic Development Trust Fund Application. The information presented in this application is, to the best of our knowledge, true, complete and accurately represents the proposed project. We understand that additional information and documentation may be required. In addition,we understand that the local or tribal government applicant and the assisted business receiving BSTF financial assistance are liable for the full amount of the award that is advanced by the Department if the assisted business: misrepresents itself or its claims, fails to create or maintain the number of net new eligible jobs as specified in the executed contract and assistance agreement, fails to inject the required amount of match into the project as specified in the executed contract and assistance agreement, or ceases operations at the Project Site. The assisted business agrees that the Montana Department of Commerce and the Montana Department of Revenue may share financial and tax information related to this application. Name (typed): Zinovo Jonathan Distad Title (typed): Co-Founder Authorized Representative Signature: Date: 11/1/2017