Grand Rapids
Michigan

GR Agenda Item

Resolution approving and authorizing execution of a Memorandum of Understanding with Start Garden, Inc.

Information

Department:Economic Development StaffSponsors:
Category:Agenda Action Request

Attachments

  1. Item Description
  2. Start Garden MOU 2019

Content A

Attached is a resolution approving and authorizing execution of a Memorandum of Understanding with Start Garden, Inc. (Start Garden) in an amount not to exceed $604,166.67 (the “MOU”).

 

The SmartZoneSM Local Development Finance Authority (LDFA) has been actively engaged in contract negotiations since the end of the original term of their previous MOU on June 30, 2018, which has since been extended three times: through September 30, 2018 on August 16, 2018; through January 31, 2019 on November 16, 2018; and through February 28, 2019 on January 18, 2019Throughout this time, an ad hoc committee has worked with Start Garden to gain a shared understanding of the desired outcomes for this work and align the terms and conditions of this MOU with those outcomes and the legislative restrictions on SmartZoneSM LDFA funding.

 

The term of the new MOU will be for 10 months, commencing on March 1, 2019 and ending on December 31, 2019.  Under the MOU, Start Garden will perform services within the following four focus areas: tech business development, tech diversity initiative, tech incubator, and tech startup advocacy.  Four Start Garden programs will be used to strategically impact these focus areas: ecosystem development, incubation, 5x5 night, and the 100 (the “Services). 

 

To facilitate SmartZoneSM LDFA funding for the Services, staff recommend approving and authorizing execution of the attached MOU between the SmartZoneSM LDFA and Start Garden.

 

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 START GARDEN, 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 (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 provide resources to benefit startup, high-technology business endeavors throughout the Grand Rapids SmartZoneSM District (as defined in the Plans) by operation of a full-service incubator and to coordinate resources in order to encourage and support successful transfer of high-technology ideas into product development efforts; and

 

2.              Start Garden, Inc. (“Start Garden”) has significant background and experience in promoting, encouraging, advancing and causing new entrepreneurship; and

 

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

 

              RESOLVED:

 

1.              That the MOU between the SmartZoneSM LDFA and Start Garden 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:  February 22, 2019                                                                                                                                           

                                                                                                  Jerry Callahan, Secretary

 

 

CERTIFICATION

 

              I, the undersigned duly qualified and acting Secretary of the City of Grand Rapids 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 February 22, 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:  February 22, 2019                                                                                                                                           

                                                                                                  Jerry Callahan, Secretary