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File #: R-080-18    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/30/2018 In control: Labor, Economic Development and Contracts Committee
On agenda: 5/24/2018 Final action: 5/24/2018
Title: A RESOLUTION AMENDING RESOLUTION NO. 95, SERIES 2014, REGARDING THE GRANTING OF LOCAL INCENTIVES TO JUST FABULOUS, INC. PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32, TO CHANGE THE NAME OF THE APPROVED COMPANY FROM JUST FABULOUS, INC. TO TECHSTYLE, INC., TO INCLUDE AN ADDITIONAL APPROVED AFFILIATE OF FABLETICS, LLC, AND TO APPROVE OF ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF.
Sponsors: Marianne Butler (D-15)
Attachments: 1. R-080-18 V.1 051018 Local Incentives Just Fabulous.pdf, 2. R-080-18 V.1 051018 ATTACH REDACTED Local Incentives Just Fabulous.pdf, 3. R-080 18 V.1 051018 ATTACH SOS CA.pdf, 4. R-080 18 V.1 051018 ATTACH Res 095-2014 for Ref.pdf, 5. RES 073 2018.pdf
RESOLUTION NO.______, SERIES 2018
TITLE
A RESOLUTION AMENDING RESOLUTION NO. 95, SERIES 2014, REGARDING THE GRANTING OF LOCAL INCENTIVES TO JUST FABULOUS, INC. PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32, TO CHANGE THE NAME OF THE APPROVED COMPANY FROM JUST FABULOUS, INC. TO TECHSTYLE, INC., TO INCLUDE AN ADDITIONAL APPROVED AFFILIATE OF FABLETICS, LLC, AND TO APPROVE OF ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF.
BODY
SPONSORED BY: COUNCIL MEMBER BUTLER

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. 33, Series 2013 granting local incentives to Just Fabulous, Inc. pursuant to the Act;
WHEREAS, Resolution No. 33, Series 2013 was amended by the Council through the passage of Resolution No. 70, Series 2013 to include an affiliate, Heels.com, LLC, in the benefits of the KBI Program;
WHEREAS, Resolution No. 33, Series 2013, which incorporated the changes of Resolution No. 70, Series 2013, was amended further by the Council through the passage of Resolution No. 95, Series 2014 to change the name of the approved affiliate to receive the inducement from Heels.com LLC. to TechFab, LLC.;
WHEREAS, following the passage of Resolution No. 95, Series 2014, Just Fabulous, Inc. changed its name to TechStyle Inc., dba TechStyle, and requested ...

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