Grand Rapids
Michigan

GR Agenda Item

Resolution approving and authorizing execution of a Grant Agreement with Michigan House

Information

Department:Economic Development StaffSponsors:
Category:Agenda Action Request

Content A

 

Attached is a resolution approving and authorizing execution of a Grant Agreement with Middle West, LLC dba Michigan House Creative (“Michigan House) in an amount not-to-exceed $150,000.

 

For the past two years, the SmartZoneSM Local Development Finance Authority (LDFA) has funded a portion of the costs for a collaborative pop-up activation space called Michigan House at the annual, international South by Southwest conference (SXSW) in Austin, Texas (the “Project”) as a strategic priority initiative to showcase the benefits of the SmartZoneSM Certified Technology Park as a location for high-technology activityThe Project includes a talent activation event, participation in the startup crawl, and a reception after SXSW in the SmartZoneSM District.  Michigan House is seeking a three-year commitment to support the Project in 2020-2022 with $50,000 per year.  The total annual project costs are estimated at approximately $450,000.

 

To facilitate SmartZoneSM LDFA funding for the Project, staff recommend approving and authorizing execution of the attached Grant Agreement with Michigan House.

 

JMK/em

 

Attachments

Content C

CITY OF GRAND RAPIDS SMARTZONESM

LOCAL DEVELOPMENT FINANCE AUTHORITY

 

RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A GRANT AGREEMENT WITH MIDDLE WEST, LLC dba MICHIGAN HOUSE CREATIVE

 

              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 support communication, marketing, and connection efforts to showcase the benefits of the Grand Rapids SmartZoneSM Certified Technology Park (as identified in the Plans) as a location for high-technology activity (as defined in Part 4 of Act 57); and

 

2.     Middle West, LLC dba Michigan House Creative (“Michigan House”) has launched a collaborative pop-up activation space called Michigan House with a tech talent attraction component at the annual, international South by Southwest Conference (“SXSW”) in Austin, Texas (the “Project”); and

 

3.     The SmartZoneSM LDFA is willing to underwrite a portion of the cost of the Project in an amount not to exceed $150,000 subject to the terms and conditions of a Grant Agreement between the SmartZoneSM LDFA and Michigan House (the “Agreement”); therefore

 

              RESOLVED:

 

1.     That the Agreement between the SmartZoneSM LDFA and Michigan House 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 Agreement 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:  October 18, 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 October 18, 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:  October 18, 2019                                                                                                                             

                                                                                                  Jerry Callahan, Secretary