Grand Rapids
Michigan

GR Agenda Item

Resolution approving and authorizing execution of a Memorandum of Understanding with Grand Circus

Information

Department:Economic Development StaffSponsors:
Category:Agenda Action Request

Content A

Attached is a resolution approving and authorizing execution of a Memorandum of Understanding with Grand Circus Detroit, LLC dba Grand Circus Grand Rapids (“Grand Circus”) in an amount not to exceed $166,620 (the “MOU”).

 

The SmartZoneSM LDFA received Grand Circus’ original proposal in response to a Request for Proposals (RFP).  On December 8, 2017, the SmartZoneSM LDFA reserved $500,000 for a revised proposal for talent initiatives from Grand Circus, Grand Rapids Public Schools, and the West Michigan Center for Arts and Technology.  It was anticipated that these entities might submit a joint proposal; however, three separate proposals were submitted.  Grand Circus resubmitted their original proposal with no changes.

 

On March 16, 2018, the SmartZoneSM Local Development Finance Authority (LDFA) approved funding for a proposal from Grand Circus to facilitate training programs developed to prepare potential employees for future employment needs of high technology businesses within the Grand Rapids SmartZoneSM Certified Technology Park (the “Services”).  The term of the MOU will be for 26 months, commencing on May 1, 2018.

 

To facilitate SmartZoneSM LDFA funding for the Services, Staff recommend approving and authorizing execution of the attached MOU between the SmartZoneSM LDFA and Grand Circus.

 

KLW/em

 

Attachments

Content C

CITY OF GRAND RAPIDS SMARTZONESM

LOCAL DEVELOPMENT FINANCE AUTHORITY

 

RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A MEMORANDUM OF UNDERSTANDING WITH GRAND CIRCUS DETROIT, LLC dba GRAND CIRCUS GRAND RAPIDS

 

              Boardmember                     , supported by Boardmember                     , moved the adoption of the following resolution:

 

              WHEREAS:

 

1.     The City of Grand Rapids SmartZoneSM Local Development Finance Authority (the “SmartZoneSM LDFA”) pursuant to the provisions of Act 281 of the Public Acts of Michigan of 1986, as amended (“Act 281”), and its Development Plan and Tax Increment Financing Plan (the “Plans”) seeks to identify and facilitate training, and connections to retention, recruitment, and development opportunities needed by local high technology industries (as defined in Act 281) within the Grand Rapids SmartZoneSM Certified Technology Park (as identified in the Plans); and

 

2.     Grand Circus Detroit, LLC dba Grand Circus Grand Rapids (“Grand Circus”) has significant background and experience preparing potential employees for future employment needs of high technology businesses; and

 

3.     Grand Circus is willing to provide certain services to the SmartZoneSM LDFA consistent with its Plans throughout the Grand Rapids SmartZoneSM District (as identified in the Plans) pursuant to the terms and conditions of a Memorandum of Understanding between the SmartZoneSM LDFA  and Grand Circus (the “MOU”); therefore

 

              RESOLVED:

 

1.     That the MOU between the SmartZoneSM LDFA and Grand Circus substantially in the form presented at this meeting is approved with such modifications not materially adverse to the SmartZoneSM LDFA, approved as to content by the SmartZoneSM LDFA’s Executive Director and as to form by the SmartZoneSM LDFA’s legal counsel; and

 

2.     That the Chairperson of the Board of Directors of the SmartZoneSM LDFA is authorized and directed to execute the approved MOU for and on behalf of the SmartZoneSM LDFA; and

 

3.     That all resolutions and parts of resolutions insofar as they conflict with the provisions of this resolution be and the same are hereby rescinded.

 

 

 

YEAS:                            Boardmembers                                                                                                                              

 

NAYS:              Boardmembers                                                                                                                              

 

ABSTAIN:              Boardmembers                                                                                                                              

 

ABSENT:              Boardmembers                                                                                                                              

 

 

RESOLUTION DECLARED ADOPTED.

 

 

Dated:  May 18, 2018                                                                                                                                           

                                                                                                  Jerry Callahan, Secretary

 

 

CERTIFICATION

 

              I, the undersigned duly qualified and acting Secretary of the City of Grand Rapids SmartZoneSM Local Development Finance Authority (the “SmartZoneSM LDFA”), do hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Board of Directors of the SmartZoneSM LDFA at a meeting held on May 18, 2018, and that public notice of said meeting was given pursuant to, and in accordance with, Act 267 of the Public Acts of Michigan of 1976, as amended.

 

 

Dated:  May 18, 2018                                                                                                                                           

                                                                                                  Jerry Callahan, Secretary