Resolutions-2018-081

The disposition of the Property to the Company as set forth in the proposal is hereby approved. The Mayor and City Clerk are hereby authorized and directed, with advice from the City Attorney, to execute such documents as may be necessary to carry out the disposition of the Property. Section 2. Pursuant to the factors listed in Chapter 15A, the City Council hereby finds that: (a) The Project will add diversity and generate new opportunities for the Tiffin and Iowa economies; (b) The Project will generate public gains and benefits, particularly in the creation of new jobs, which are warranted in comparison to the amount of the proposed assistance to the Company. Section 3. The Assessment Agreement is hereby approved and the Mayor and City Clerk are hereby authorized and directed to execute and deliver the Assessment Agreement on behalf of the City, in substantially the form and content in which the Assessment Agreement has been presented to this City Council, and such officers are also authorized to make such changes, modifications, additions or deletions as they, with the advice of bond counsel, may believe to be necessary, and to take such actions as may be necessary to carry out the provisions of the Assessment Agreement. Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed. Passed and approved August 21, 2018. Mayor Attest: City Clerk