RESOLUTION NO.______, SERIES 2019
TITLE
A RESOLUTION AMENDING RESOLUTION NO. 250, SERIES 2011, REGARDING THE GRANTING OF LOCAL INCENTIVES TO LEARNING HOUSE, INC. PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32, TO CHANGE THE NAME OF THE APPROVED COMPANY FROM LEARNING HOUSE, INC. TO WILEY EDU, LLC, TO INCLUDE AN APPROVED AFFILIATE OF JOHN WILEY & SONS, INC., AND TO APPROVE OF ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF.
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SPONSORED BY: COUNCILMEMBERS YATES AND PIAGENTINI
WHEREAS, the Kentucky General Assembly in 2009 enacted KRS 154.32-010 to 154.32-100 (the "Act") establishing the Kentucky Business Investment Program (the "KBI Program") for the purpose of encouraging the development and expansion of the service and technology industry in Kentucky;
WHEREAS, the KBI Program provides state incentives to businesses which locate or expand in the Commonwealth, including regional or national headquarters, thus creating and preserving jobs for Kentuckians;
WHEREAS, the KBI Program encourages local governments to participate in these incentives for businesses within their jurisdictions;
WHEREAS, the Legislative Council of the Louisville/Jefferson County Metro Government (the "Council") passed Resolution No. 250, Series 2011 granting local incentives to Learning House, Inc. pursuant to the Act;
WHEREAS, following the passage of Resolution No. 250, Series 2011, The Learning House was acquired by John Wiley & Sons, Inc., a New York corporation, and merged with and into its wholly owned subsidiary, Wiley Edu, LLC, a Delaware LLC; and requested to add an affiliate, John Wiley & Sons, Inc., to receive the benefits under the KBI Program; and
WHEREAS, Wiley Edu, LLC and its affiliate, John Wiley & Sons, Inc,. have applied for the benefits authorized under the KBI Program.
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:
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