ADOPTED - APRIL 13, 2004

Agenda Item No. 18

Introduced by the County Services and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION AUTHORIZING INGHAM COUNTY TO APPLY FOR A COMMUNITY DEVELOPMENT BLOCK GRANT

RESOLUTION #04-101

WHEREAS, the Neogen Corporation is a successful bio-technology company that has acquired three other companies and wishes to consolidate operations into the City of Lansing; and

WHEREAS, the Michigan Economic Development Corporation has created a new type of Community Development Block Grant (CDBG) that provides a forgivable loan to a business that meets certain job creation goals and other criteria; and

WHEREAS, Neogen Corporation has expressed its ability to meet the criteria and desires to avail itself of the CDBG opportunity; and

WHEREAS, the City of Lansing, as an entitlement community, cannot be the applicant on behalf of Neogen Corporation but will provide other incentives and inducements such as brownfield redevelopment and industrial facilities tax abatement; and

WHEREAS, Ingham County, on behalf of itself, the City of Lansing and the Neogen Corporation has been authorized by Michigan Economic Development Corporation (MEDC) to apply for a Community Development Block Grant (CDBG) under the provisions of the forgivable loan program; and

WHEREAS, the grant amount requested is not to exceed $750,000 from Michigan Economic Development Corporation (MEDC); and

WHEREAS, direct jobs will be created that will meet the objective to create employment opportunities where at least 51% of jobs will be available to low or moderate income persons.

THEREFORE BE IT RESOLVED, on behalf of Ingham County, the City of Lansing and the Neogen Corporation, the County of Ingham is submitting, and is authorized to submit, the application for a grant of up to $750,000 under the provisions in the forgivable loan program within the CDBG Program.

BE IT FURTHER RESOLVED, that the Board Chairperson and County Clerk are authorized to sign any necessary documents, including the application forms, after review by the County Attorney.

COUNTY SERVICES: Yeas: Swope, Thomas, De Leon, Hertel, Severino, Nevin

Nays: None Absent: None Approved 4/6/04

FINANCE: Yeas: Lynch, Grebner, Dedden, Thomas

Nays: None Absent: Minter, De Leon Approved 4/7/04