RESOLUTION NO.______, SERIES 2017
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A RESOLUTION AMENDING RESOLUTION NO. 53, SERIES 2012, REGARDING THE GRANTING OF LOCAL INCENTIVES TO KINDRED HEALTHCARE, INC. PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32, TO CHANGE THE APPROVED COMPANY NAME TO KINDRED HEALTHCARE OPERATING, INC., TO MODIFY THE PROJECT, AND TO ADD APPROVED AFFLIATES AND ASSIGNEES.
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SPONSORED BY: COUNCILWOMAN BRYANT HAMILTON
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. 53, Series 2012 granting local incentives to Kindred Healthcare, LLC pursuant to the Act;
WHEREAS, following the passage of Resolution No. 53, Series 2012, Kindred Healthcare, Inc. requested to change the name of the approved company to Kindred Healthcare Operating, Inc.;
WHEREAS, in addition to changing the approved company name, Kindred Healthcare, Inc. would like to modify the project and include approved affiliates and assignees; and
WHEREAS, Kindred Healthcare, Inc. 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 amending the incentive grant to Kindred Healthcare, Inc., (the "...
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