HomeMy WebLinkAbout12-08-08_Authorize City Manager to sign Montana Department of Commerce/Big Sky Economic Development Trust Fund Assistance AgreementPage | 1
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Finance Director
Chris Kukulski, City Manager
SUBJECT: Consent: Assistance Agreement Amendment between CDI
Business Solutions – Aerospace (“CDI”), and the City of
Bozeman.
MEETING DATE: December 8, 2008
RECOMMENDATION: Approve the amended Assistance Agreement.
BACKGROUND: City of Bozeman has been awarded a grant by the Montana Department of
Commerce (the Department) under the Big Sky Economic Development Trust Fund (BSEDTF)
for job training for local CDI-Aerospace employees. This grant is administered by Prospera
Business Network under an agreement with the city, and the city acts as a pass-through
government sponsor. Prospera receives a fee for their services, paid by the grantor.
Through amendments with the Department of Commerce, CDI-Aerospace has been successful in
getting the terms of the grant changed to better meet their training needs and current business
model. This includes changes in the number of employees trained and an extension of the grant
period. In order to finalize these changes, the city needs to formally approve the amendments.
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FISCAL EFFECTS: No material effects for the city. The pass-through amounts to CDI-
Aerospace and Prospera Business Network change according to the terms of this agreement.
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
Anna Rosenberry, Finance Director Chris Kukulski, City Manager
Report compiled on: December 3, 2008
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MONTANA DEPARTMENT OF COMMERCE
BIG SKY ECONOMIC DEVELOPMENT TRUST FUND
ASSISTANCE AGREEMENT AMENDMENT
This Assistance Agreement Amendment is made and entered into this 9th day of November, 2008, by and between CDI Business Solutions – Aerospace (“CDI”), and
the City of Bozeman.
RECITALS
WHEREAS the City of Bozeman, has been awarded a grant by the Montana
Department of Commerce (the Department) under the Big Sky Economic Development
Trust Fund (BSEDTF) and the grant termination date has been extended to November
9, 2009; WHEREAS the City of Bozeman and CDI, entered into an Assistance Agreement
(attached) on November 9, 2006 to allow CDI to receive BSEDTF funds from the City of
Bozeman to expand a business enterprise within the City of Bozeman jurisdictional
area; and WHEREAS the City of Bozeman and CDI, have agreed to extend the term of the
attached Assistance Agreement until November 9, 2009; and the parties agree to
amend the attached Assistance Agreement as follows:
1. CDI has agreed to create and train 30 eligible net new full-time equivalent (FTE) positions to be employed at the building located at 201 Evergreen Drive,
Bozeman, Montana 59715.
2. The City of Bozeman agrees to reimburse CDI for eligible documented training costs of $4,750 per eligible net new position, not to exceed a total of $142,500 dollars for the entire Agreement Term.
3. Upon reasonable request, CDI Business Solutions-Aerospace shall provide
substantiation of its investment in capital in excess of the required $150,000 new investment at the project site.
All other provisions of the Contract remain in full force and effect.
This Agreement is made and entered into on the 9th day of November 2008.
Al Moreno, CDI Division Manager Date
CDI Business Solutions - Aerospace
Chris Kukulski, City Manager Date
City of Bozeman
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