ADOPTED - SEPTEMBER 23, 2008
Agenda Item No. 15
Introduced by the County Services and Finance Committees of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION AUTHORIZING SUBMISSION OF A COMMUNITY DEVELOPMENT BLOCK GRANT APPLICATION FOR $250,000 TO ADVANCE THE JACKSON NATIONAL LIFE INSURANCE COMPANY ECONOMIC DEVELOPMENT INFRASTRUCTURE PROJECT
RESOLUTION #08-256
WHEREAS, Ingham County government has long-term objectives to foster economic well being and assist their citizens in meeting basic needs; and
WHEREAS, Ingham County has been invited by the Michigan Economic Development Corporation to apply for a Community Development Block Grant for public infrastructure (electric) to advance the expansion of Jackson National Life Insurance Company in Lansing, Michigan; and
WHEREAS, this proposed project is consistent with the Ingham County Community Development Statement (Resolution #98-268) and also is consistent with the Ingham County Community Development Plan as described in the current application; and
WHEREAS, the Ingham County Economic Development Corporation finds this project is consistent with its goal of increasing the economic vitality and quality of life and recommends approval of the application submittal; and
WHEREAS, the extension and improvement of public utilities, specifically a 13.2kVelectrical line, to the area that includes Jackson National Life Insurance Company would support their creation of 40 new jobs of which at least 51% of the beneficiaries of this project will be low to moderate income persons; and
WHEREAS, the Lansing Board of Water and Light will contribute more than 50% matching funds with the CDBG grant to extend and improve electrical service; and
WHEREAS, no project costs will be incurred prior to a formal grant award, completion of the environmental review procedures, and formal written authorization to incur costs is received from Michigan Economic Development Corporation; and
WHEREAS, notice of a public hearing was published and a public hearing held on September 23, 2008, to provide citizens an opportunity to review and comment on the proposed application.
THEREFORE BE IT RESOLVED, that the Ingham County Commissioners hereby authorizes submission of an application for Community Development Block Grant Funds in the amount of $250,000 to extend a 13.2kV electric power line with matching funds provided by the Lansing Board of Water and Light to support the creation of 40 new jobs by Jackson National Life Insurance Company.
BE IT FURTHER RESOLVED, that the County Board of Commissioners authorizes acceptance of the grant, should it be awarded, provided that such award is substantially as requested in the grant application.
ADOPTED - SEPTEMBER 23, 2008
Agenda Item No. 15
RESOLUTION #08-256
BE IT FURTHER RESOLVED, that the Controller is authorized to act as signatory on behalf of the County for the purposes of this grant and that the Board Chair is authorized to sign any documents as may be required relating to the grant award contract, as recommended by the Controller, and approved as to form by the County Attorney.
COUNTY SERVICES: Yeas: Nolan, De Leon, Copedge, Soule, Grebner, Severino
Nays: None Absent: None Approved 9/16/08
FINANCE: Yeas: Grebner, Hertel, Weatherwax-Grant, Celentino, Schor, Dougan
Nays: None Absent: None Approved 9/17/08