Title
Possible action on request for extension of deadline in Southern Champion Tray, LP Economic Development Agreement for obtaining certificate of occupancy
Requested Action
Approve request for extension of deadline in Southern Champion Tray, LP Economic Development Agreement for obtaining certificate of occupancy to December 31, 2017
Recommendation
Staff recommends extending the deadline to December 31, 2017
Description/History
MEDC entered into an Economic Development and Performance Agreement with Southern Champion Tray, LP (SCT) to provide up to $910,000 in assistance with renovations of their existing facility, 23,000 square foot expansion, and additional equipment, for the facility located at 949 S. 6th Ave. This agreement required SCT to obtain a certificate of occupancy by December 31, 2016 . Due to some unexpected delays, SCT is requesting an extension in order to obtain their certificate of occupancy. Staff recommends extending the deadline to December 31, 2017.
Justification
SCT has been an upstanding member of our industrial community since 1984.
Funding Source
N/A
Prepared By
Laurie Fleiner, Business Retention and Expansion Manager, MEDC