Printer Friendly Version
FOR RESOLUTION NO. 060499
Authorizing an application to the
Missouri Development Finance Board [MDFB] for the preliminary authorization of
State Tax Credits in the amount not to exceed $175,000.00 to support
fund-raising efforts for the renovation of an existing facility to create a
Life Sciences Micro Incubator.
BE IT RESOLVED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Council expresses its intention to support the concept of renovating an
existing facility for a Life Sciences Micro Incubator which would be developed
by the EDC Charitable Fund.
Section 2. That
the Council states that the renovated facility will benefit the public by
allowing start up companies in the field of life sciences an opportunity to
lease property equipped and property configured space at an economical rate
while creating jobs and investment in Kansas City, Missouri.
Section 3. That
the Council authorizes an application in the amount of $175,000.00 from the
Missouri Development Finance Boards Tax Credit for Contribution Program to
finance the renovation of a facility for a Life Sciences Micro Incubator.