HomeMy WebLinkAboutResolution 4913 Supporting the Application to the Big Sky Economic Development Trust Fund Program on Behalf of Profitable Ideas Exchange (PIE) co.
RESOLUTION NO. 4913
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 THE PROFITIBLE
IDEAS EXCHANGE ("PIE").
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,PIE, desires to expand their business and create additional knowledge-based
jobs in Bozeman; and
WHEREAS,the City Commission has determined that the knowledge economy including
the information and technology sectors 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 PIE 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 21 st day of May, 2018.
THIA L. NDR
Mayor
ATTEST: ,�'` $4Z� ,
F7 O ♦ ° ♦ � r
♦
ROBIN CROUGH "� " ■
City Clerk 3' • Q
1 ♦
�LLATIN CO ��
APPROVED AS FORM:
GRE LIVAN
City Attorney
Vill. CERTIFICATION BY LOCAL GOVERNMENT AND BUSINESS
As the responsible authorized agents of City of Bozeman, and Profitable Ideas Inc DBA Profitable Ideas
Exchange,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 Paul Reichert(406-587-3113)and David Atherton (406-587-3113)as the authorized
contacts for any additional Department requests for the release of additional information regarding this
application for BSTF funds.
The City of Bozeman will accept responsibility for management of the project and compliance with Big Sky Economic
Development Trust Fund regulations.
Profitable Ideas Inc.will accept responsibility for compliance with applicable Big Sky Economic Development Trust
Fund regulations as specified in this application.
Name
(typed): Cyndy Andrus Local Government
Title(typed): Mayor, City of_Bo, eman
Signature: *c3 ,
Date:As the re ponso the Profitable Ideas Inc., we hereby submit this Big Sky Economic
Development- rust Fur - lication.
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): Assisted Business
Renee Storm
Title(typed): Senior Project Coordinator, PIE
Author' d Representative
Signature: X
Date.-
Z