RESOLUTION NO. ______, SERIES 2015
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A RESOLUTION APPROVING THE GRANTING OF LOCAL INDUCEMENTS TO AMERICAN METAL SUPPLY CO. PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.
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Sponsored by: Council Member Tandy
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 2009 enacted KRS 154.21-010 to 154.32-100 establishing the Kentucky Business Investment Program ("KBI") 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 or expand in the Commonwealth, including regional or national headquarters, 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 KBI Program for the purpose of attracting and retaining businesses s 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, American Metal Supply Co. and has 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:
Section 1. That the Council does hereby approve an inducement grant to the following company which is undertaking a project approved pursuant to KRS 154.32-010 to KRS 154.32-100. This company is
AMERICAN METAL SUPPLY CO.
Section 2. That the State to...
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