RESOLUTION NO.______, SERIES 2020
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A RESOLUTION AMENDING RESOLUTION NO. 117, SERIES 2012, REGARDING THE GRANTING OF LOCAL INCENTIVES TO RXC ACQUISTION COMPANY DBA RXCROSSROADS PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32, TO INCLUDE AN ADDITIONAL APPROVED AFFILIATE OF RXCROSSROADS 3PL, LLC, AND TO APPROVE OF ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF.
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SPONSORED BY: COUNCIL MEMBERS PIAGENTINI AND YATES
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. 117, Series 2012 granting local incentives to RxC Acquisition Company dba RxCrossroads, Inc. pursuant to the Act;
WHEREAS, following the passage of Resolution No. 117, Series 2012, RxC Acquisition Company dba RxCrossroads has requested to add an affiliate, RxCrossroads 3PL, LLC, a newly created wholly-owned subsidiary, to receive the benefits under the KBI Program; and
WHEREAS, RxC Acquisition Company dba RxCrossroads 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 I: That the Council does hereby approve modifying the incentive grant to include an approved affiliate, RxCrossroads 3PL, LLC,...
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