RESOLUTION NO. ______, SERIES 2014
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A RESOLUTION AMENDING RESOLUTION NO. 33, SERIES 2013 RELATING TO THE GRANTING OF LOCAL INDUCEMENTS TO JUST FABULOUS, INC
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SPONSORED BY: Councilman David Tandy, District 4
WHEREAS, on April 25, 2013, the Metro Council adopted Resolution No. 33, Series 2013, granting local inducements pursuant to KRS 154.32-10 et.seq. ("KBI Program") to Just Fabulous, Inc. ("Company"), which resolution was amended by Resolution No. 70, Series 2013 to include an affiliate of Just Fabulous, Inc., Heels.com, LLC.
WHEREAS, the Company has notified Louisville Metro that it desires to change the name of the affiliate company, which will receive the inducements to Tech Fab, LLC.
WHEREAS, the Company and its affiliate TechFab, LLC has applied and been granted 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:
SECTION 1. Resolution No. 33, Series 2013, as amended by Resolution No. 70, Series 2013 is amended to change the name of the Company to receive the inducement to JUST FABULOUS, INC. AND ITS AFFILIATE, TECHFAB, LLC.
SECTION 2. That the State to Local participation ratio in this grant of inducements shall be 75% to 25%. The local occupational tax participation level is 1% with a minimum average salary of $31,000 at activation.
SECTION 3. That the Mayor and other appropriate officers and employees of Louisville/Jefferson County Metro Government are authorized and directed to execute, acknowledge and deliver on behalf of Louisville/Jefferson Metro Government any and all papers, instruments, certificates, affidavits and other documents; and to do and cause to be done any and all acts and things necessary or proper for the granting of the inducements authorized by the KBI Program and this Resolution.
SECTION 4. No portion of the fu...
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