Grand Rapids
Michigan

GR Agenda Item

Resolution approving and authorizing execution of a Grant Agreement with The Keller Family Businesses, LLC

Information

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

Attachments

  1. Item Description
  2. Keller Grant Agreement

Content A

Attached is a resolution approving and authorizing execution of a Grant Agreement with The Keller Family Businesses, LLC (“Keller”) in an amount not to exceed $100,000 (the “Grant Agreement”).

 

On December 8, 2017, the SmartZoneSM Local Development Finance Authority (LDFA) approved funding for a proposal from Keller to expand a research, dialogue, and innovation platform of business incubation into a program called “Future State,” which will incorporate social entrepreneurship, scenario planning, systems analysis, and change management (the “Project”).  The period of performance for the Grant Agreement will be for one years, commencing on July 1, 2018.

 

In the original proposal, Keller requested $279,662 for the Project.  Since that time, Keller has worked diligently to secure additional funding to make up the gap between the original request and the SmartZoneSM LDFA award. A revised budget for the Project has been included as an Exhibit to the Grant Agreement.  Another change from what was originally proposed is the subcontractor for process facilitation.  The original proposal listed FuelD as the subcontractor, but in the Grant Agreement, Umami Design, LLC and/or Steelcase, Inc. are listed as the approved subcontractors for this work.  There are no other substantial changes from the original proposal.

 

To facilitate SmartZoneSM LDFA funding for the Project, Staff recommend approving and authorizing execution of the attached Grant Agreement between the SmartZoneSM LDFA and Keller.

 

KLW/em

 

Attachments

Content C

 {Signature(Executive Office):HancockImageOnly}

CITY OF GRAND RAPIDS SMARTZONESM

LOCAL DEVELOPMENT FINANCE AUTHORITY

 

RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A GRANT AGREEMENT WITH KELLER FAMILY BUSINESSES, LLC

 

              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 provide resources to benefit start-up, high-technology business endeavors (as defined in Act 281) within the  Grand Rapids SmartZoneSM Certified Technology Park (as identified in the Plans); and

 

2.     The Keller Family Businesses, LLC (“Keller”) has piloted the “Future Center” model, a research, dialogue, and innovation platform of business incubation that catalyzes community capability and capacity and blueprints actionable, sustainable interventions to address the skill-set demands of the West Michigan workforce in the an economy increasingly driven by technology and machine learning; and

 

3.     Keller plans to expand this pilot business incubation activity into a program called “Future State,” which will incorporate social entrepreneurship, scenario planning, systems analysis, and change management (the “Project”) and has requested that the SmartZoneSM LDFA underwrite a portion of the cost; and

 

4.     The SmartZoneSM LDFA is willing to underwrite a portion of the cost the Project in an amount not to exceed $100,000 subject to the terms and conditions of a Grant Agreement between the SmartZoneSM LDFA and Keller (the “Agreement”); therefore

 

              RESOLVED:

 

1.     That the Agreement between the SmartZoneSM LDFA and Keller 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:  March 16, 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 March 16, 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:  March 16, 2018                                                                                                                                           

                                                                                                  Jerry Callahan, Secretary