Grand Rapids
Michigan

GR Agenda Item

Resolution approving and authorizing execution of a Memorandum of Understanding with The Right Place, Inc.

Information

Department:Economic Development Staff (Internal Items)Sponsors:
Category:Agenda Action Request

Content A

Attached is a quarterly report from The Right Place, Inc. (RPI) that contains details of contractual activities from April through June 2019. Also attached is a resolution approving and authorizing execution of a Memorandum of Understanding with RPI for FY2020 in an amount not-to-exceed $125,000 (the “MOU”). 

 

The SmartZoneSM Local Development Finance Authority (the “SmartZoneSM LDFA”) has contracted with RPI since FY2012. The term of the new MOU will be for 12 months, commencing on July 1, 2019 and ending on June 30, 2020. Under the MOU, RPI will provide support to MiDevice, a consortium of local medical device companies, and the Technology Council of West Michigan, a consortium of local information technology companies.  RPI will also market the Grand Rapids SmartZoneSM District both nationally and internationally at medical device trade shows and events (the “Services”).  RPI has increased their commitment of in-kind funds to support the Services from $90,000 in FY2019 to $173,000 in FY2020.

 

To facilitate SmartZoneSM LDFA funding for the Services, staff recommend approving and authorizing execution of the attached MOU with RPI.

 

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 THE RIGHT PLACE, INC.

 

              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 Part 4 of Act 57 of the Public Acts of Michigan of 2018 (“Part 4 of Act 57”) (formerly Act 281 of the Public Acts of Michigan of 1986, as amended), and its Development Plan and Tax Increment Financing Plan (the “Plans”) seeks to showcase the benefits of the Grand Rapids SmartZoneSM Certified Technology Park (as identified in the Plans) as a location for high-technology businesses (as defined in Part 4 of Act 57); and

 

2.              The Right Place, Inc. (“RPI”) has significant background and experience participating at national and international high-technology trade shows, publicizing achievements related to business development in the Grand Rapids SmartZoneSM District (as identified in the Plans), and serving as a catalyst in support of efforts and activities related to network creation and invitation and engagement of persons new to the entrepreneurial ecosystem; and

 

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

 

              RESOLVED:

 

1.              That the MOU between the SmartZoneSM LDFA and RPI 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:  September 20, 2019                                                                                                                             

                                                                                                  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 September 20, 2019, 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:  September 20, 2019                                                                                                                             

                                                                                                  Jerry Callahan, Secretary