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File #: R-048-18    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/5/2018 In control: Labor, Economic Development and Contracts Committee
On agenda: 4/12/2018 Final action: 4/12/2018
Title: A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO ADP BENEFIT SERVICES KY, INC., INCLUDING ITS APPROVED AFFILIATE, ADP, LLC, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.
Sponsors: Marianne Butler (D-15)
Attachments: 1. R-048-18 V. 1 032218 Incentives to ADP Benefit Services KY.pdf, 2. ADP, LLC (NKA ADP Benefit Services KY, Inc.)- Prelimimnary Approval April 30, 2015.pdf, 3. ADP, LLC (NKA ADP Benefit Services KY, Inc.)-Louisville Support letter.pdf, 4. ADP, LLC (NKA ADP Benefit Services KY, Inc.)-Modification September 24, 2015.pdf, 5. RES 045 2018.pdf
RESOLUTION NO.______, SERIES 2018
TITLE
A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO ADP BENEFIT SERVICES KY, INC., INCLUDING ITS APPROVED AFFILIATE, ADP, LLC, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.
BODY
SPONSORED BY: COUNCIL MEMBER BUTLER

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;
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 Council finds that offering the local incentives authorized by KBI Program 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;
WHEREAS, ADP, LLC with its approved affiliate, ADP Benefit Services KY, Inc. initially applied for the benefits authorized under the KBI Program and were granted preliminary approval by the Kentucky Economic Development Finance Authority ("KEDFA") on April 30, 2015; and
WHEREAS, subsequent to KEDFA's preliminary approval, a modification to the project was requested and granted, whereby the...

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