4.7. SR 02-17-2015
Request for Action
To Item Number
Mayor and City Council 4.7
Agenda Section Meeting Date Prepared by
ConsentFebruary 17, 2015Jeremy Barnhart, Deputy Director, CODD
Item Description Reviewed by
Support for Sportech, Job Creation Fund Grant Cal Portner, City Administrator
Reviewed by
Action Requested
Approve, by motion, a resolution of support for Sportech’s Job Creation Fund grant application.
Background/Discussion
Envision Company, doing business as Sportech, anticipates the construction of a large manufacturing
building in Elk River later this year. As part of their funding, they are seeking Minnesota Job Creation
Fund (JCF) dollars. The Job Creation Fund provides financial incentives to new and expanding
businesses that meet certain job creation and capital investment goals.
Sportech is a growing leader in the OEM thermoform plastics industry, providing parts, design, and
service to leading global recreation vehicle industry, including Kawasaki, Polaris, Honda, and John Deere.
Sportech is an asset to Elk River that has continually reinvested in the community, and seeks to continue
that relationship.
The application requires support from the City Council in the form of a resolution.
Financial Impact
None
Attachments
Resolution
Template Updated 4/14
Resolution 15-____
A Resolution of the City of Elk River Supporting the Job Creation Fund
Application in Connection With Envision Company, dba Sportech
WHEREAS,
The City of Elk River desires to assist Envision Company, a Limited Liability
Corporation, which is proposing to construct a facility in the city; and,
WHEREAS,
Envision Company is the legal name of Sportech; and,
WHEREAS,
the City of Elk River understands that Sportech, through and with the
support of the city, intends to submit to the Minnesota Department of Employment and
Economic Development an application for an award and/or rebate from the Job Creation
Fund Program; and,
WHEREAS,
the City of Elk River held a City Council meeting on February 17, 2015, to
consider this matter.
NOW, THEREFORE, BE IT RESOLVED
by the City Council of the City of Elk
:
River, Minnesota, as follows that, after due consideration, the Mayor and City Council of
the City of Elk River, Minnesota, hereby express their support of the project proposed by
Sportech and its application for an award and/or rebate from the Job Creation Fund
Program.
th
Passed and adopted this 17 day of February 2015.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk