Legislation Details

File #: 15-5726    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/4/2015 In control: City Council Regular Meeting
On agenda: 12/14/2015 Final action: 12/14/2015
Title: JOB CREATION AGREEMENT FOR SUB-ZERO, INC.
Attachments: 1. Staff Report, 2. Resolution, 3. Agreement, 4. Exhibit I - Sub-Zero Expansion Location, 5. Economic and Fiscal Impact Analysis, 6. Presentation

Title

JOB CREATION AGREEMENT FOR SUB-ZERO, INC.

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RECOMMENDATION:

ADOPT RESOLUTION NO. 15-1737 APPROVING, AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE A JOB CREATION AGREEMENT FOR SUB-ZERO, INC.; AUTHORIZING CITY STAFF TO TAKE ACTIONS CONSISTENT WITH TERMS OF RESOLUTION AND AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE.

 

PURPOSE:

Sub-Zero has identified the need for an expansion of its operations to support its business, and has identified the City of Goodyear as the location of this expansion to their existing Goodyear facility after an extensive evaluation of location options. The city recognizes that the expansion of Sub-Zero within the city, with its resulting capital investment and job creation, will provide a significant public benefit to the city and its citizens. (Harry Paxton, Economic Development Project Manager)