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HomeMy WebLinkAboutMatrix FundingRESOLUTION A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY, AUTHORIZING THE MAYOR TO EXECUTE A GRANT AGREEMENT AND ALL OTHER DOCUMENTS AS NECESSARY TO ACCEPT FUNDS IN THE AMOUNT OF $500,000 TO LATER BE DISBURSED TO MATRIX ur ENGINEERING, PLLC TO FINANCE IN PART MATRIX'S PETROLEUM COKE MOBILE TEST UNITS WHEREAS, on Apri18, 2008, the City adopted a resolution authorizing the submission of an application for Kentucky Economic Development Finance Authority grant funds not to exceed $500,000 for Matrix Engineering, PLLC, (typographically listed as Matrix Industrial Systems) to assist Matrix in acquiring, developing, and assembling two new mobile test units in order to expand their petroleum coke supply facility location in McCracken County; and WHEREAS, the Cabinet for Economic Development, State Property and Buildings Commission have approved the grant and desire to proceed with the funding for the Matrix Engineering, PLLC expansion project. BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City of Paducah hereby authorizes the Mayor to execute a grant agreement and all other documents as necessary to accept grant funds in the amount of $500,000 to be disbursed to Matrix Engineering, PLLC, for mobile test units. SECTION 2. This Resolution shall be in full force and effect from and after its adoption. ATTEST: Tammara S. Brock, City Clerk -- Adopted by the Board of Commissioners, June 9, 2009 Recorded by Tammara S. Brock, City Clerk, June 9, 2009 ~resol~natrix funding