RESOLUTION NO.______, SERIES 2007
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A RESOLUTION AMENDING RESOLUTION NO. 154, SERIES 2007 APPROVING THE GRANTING OF LOCAL INDUCEMENTS TO KINDRED INSTITUTIONAL PHARMACY SERVICES, INC. PHARMACY CORPORATION OF AMERICA, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF, PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 24.
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SPONSORED BY: Councilman David Tandy, District 4
WHEREAS, the Legislative Council of the Louisville/Jefferson County Metro Government (the Council) finds that it is a legitimate public purpose of the Louisville/Jefferson County Metro Government ("Metro") to undertake activities for the purpose of attracting and retaining jobs for residents of this community; and
WHEREAS, the Kentucky General Assembly in 1992 enacted KRS 154.24-010 to 154.24-150 establishing the Kentucky Jobs Development Authority ("KJDA") for the purpose of encouraging the development and expansion of the service and technology industry in Kentucky; and
WHEREAS, this program provides state inducements to businesses which locate in or remain in the Commonwealth, thus creating and preserving jobs for Kentuckians; and
WHEREAS, the program encourages local governments to participate in these inducements for businesses within their jurisdictions; and
WHEREAS, the Council finds that offering the local inducements authorized by KJDA for the purpose of attracting and retaining businesses is in furtherance of the public purposes of Metro and will benefit Metro by creating new sources of tax revenue for the support of the public services provided by Metro; and
WHEREAS, KINDRED INSTITUTIONAL PHARMACY SERVICES, INC. Pharmacy Corporation of America, and any subsequent assignees or approved affiliates thereof has applied for the benefits authorized under KJDA.
BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:
Section 1: The Council does hereby approve the granting of inducements to the...
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