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HomeMy WebLinkAbout05-15-19 Correspondence - Montana Department of Commerce to Andrus - BSTF Contract Extension Tabled with XY Planning Network, LLC TARA BULLOCK DIRECTOR I E ` : M O N T A N A STEVEGOVERNOR IdI1 DEPARTMENT OF COMMERCE May 15, 2019 ceiv Mayor Cyndy Andrus City of Bozeman P O Box 1230 Bozeman, MT 59771-1230 RE: Montana Department of Commerce, Big Sky Economic Development Program Contract# MT-BSTF-1-19-07, XY Planning Network, LLC Dear Mayor Andrus: The Department of Commerce has reviewed your request for an amendment to the above referenced contract. The amendment request included: • Extending the contract for one year; and • Increasing the contract award by 8 additional jobs or$40,000. The Department has tabled this request to allow XY Planning Network, LLC additional time to be substantially completed with its current BSTF contract. Based on the last submitted Job Creation Report, XY Planning Network, Inc. has created 4 net new jobs and the City has drawn $20,000 of the $50,000 award; meaning the project is 40% completed. If XY Planning Network is able to reach substantial completion by June 30, 2019, the Department will again review the request for additional time and/or increase in funding during the July 10, 2019 funding round. If you have any questions, please feel free to contact Sean Becker If you should have any questions, please contact Sean Becker, Bureau Chief of the Business Assistance Bureau. Sean can be reached at (406) 841-2707 or by email at seanbecker@mt.gov. Sincerely, Jennifer Pelej, Division A inistrator Montana Department of Commerce Cc: Travis Gano, XY Planning Network, LLC Paul Reichert, Prospera Business Network Annmarie Robinson, Big Sky Economic Development Trust Fund Program COMMERCE.MT.GOV I MARKETMT.COM 301 S.PARK AVE. I OFFICE OF TOURISM AND BUSINESS DEVELOPMENT-PO BOX 2005331 HELENA,MT 59620-0533 P:406.841.2870 1 F:406.841.2871 1 TDD:406.841.2702