Loading...
HomeMy WebLinkAboutSuntel Enterprise, Inc.585 RESOLUTION N0. ~~~ A RESOLUTION APPROVING THE GRANTING OF AN INDUCEMENT TO SUNTEL ENTERPRISES, INC., PURSUANT TO THE KENTUCKY JOBS DEVELOPMENT ACT, BY ALLOWING ALL OF ITS EMPLOYEES WHOSE JOBS HAVE BEEN DEEMED BY THE KENTUCKY JOBS DEVELOPMENT AUTHORITY TO HAVE BEEN CREATED AS A RESULT OF SUNTEL ENTERPRISES, INC. LOCATION OF A NEW TELESERVICING ~:~, SUBSIDIARY, A TELCO, IN THE CITY OF PADUCAH AND WHO ARE ' PAYING THE SERVICE AND TECHNOLOGY JOB CREATION ~~`~'~~~ ASSESSMENT FEE, TO HAVE THEIR OCCUPATIONAL LICENSE FEE REDUCED BY ONE-FIFTH (1/5) OF THE ASSESSMENT FEE FOR A TERM OF NOT LONGER THAN TEN (10) YEARS FROM THE ACTIVATION DATE ESTABLISHED BY SUNTEL ENTERPRISES, INC., SUBJECT TO THE LIMITATIONS CONTAINED IN THE KENTUCKY JOBS DEVELOPMENT ACT, AND TAKING OTHER RELATED ACTION. WHEREAS, the 1992 General Assembly adopted the Kentucky Jobs Development Act (the "Act") to induce the location of service and technology facilities in Kentucky; and WHEREAS, the Kentucky Jobs Development Authority has by resolution of the board of directors preliminarily designated Suntel Enterprise Inc. (the "Approved Company") as an approved company and preliminarily authorized its proposed location of a new teleservicing subsidary, A Telco, in the City of Paducah, as I an economic development project, pursuant to KRS 154.24-100; and WHEREAS, Suntel Enterprise, Inc. has indicated its intention to require pursuant to KRS 154.24-110(2) each employee, as a condition of employment, to agree to pay a service and technology job creation assessment fee ("the Assessment")) of five percent (5~) of the gross wages for each employee whose job has been deemed by the Authority to be created as a result of the economic development project; and The Commission of the City of Paducah, has approved the granting of an inducement to the Approved Company pursuant to KRS 154.24-110 to 154.24-150, by allowing its employees paying the Assessment to have their occupational license fee reduced by one- fifth (1.5) of the Assessment for a term of not longer than ten (10) years from the activation date established by the Approved Company, subject to the limitations contained in the Act, including, but not limited to, KRS 154.24-120(2) (b) and 154.24- 130(4); arn..--,~ L~R .:..,. ~. ,. _ ~...- _. ~: I .-,. . .,,~~. i.:..~..- ~ -.--::. -. ._ -, ,.. _., n:r. :-.,.-~.,~aL ~-.... :,-. -_:r.:. -r:-.-r.-r :r -~~~=r -.r-q~q~ai='~crv'pc, 586 NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF PADUCAH: Section 1 - That the granting of an inducement to Suntel Enterprise, Inc. be and hereby is approved pursuant to the Kentucky Jobs Development Act. ~-~ Section 2 - That pursuant to KRS 154.24-010 to 154.24- ~ '~ 150, those em to ees of Suntel p y Enterprises, Inc. whose fobs have been deemed by the Kentucky Jobs Development Authority to be created as a result of the location of a new teleservicing subsidiary, A Telco, in the City of Paducah, and who are paying the service and technology job creation assessment fee, shall have their occupational license fee reduced by one-fifth (1/5) of the assessment for a term of not longer than ten (10) years from the activation date established by Suntel Enterprises, Inc. subject to the limitations contained in the Kentucky Jobs Development Act, including, but not limited to, KRS 154.24-120(2) (b) and 154.24-130(4). Section 3 - The foregoing grant of inducement is 1 ~ I~ contingent upon Suntel Enterprises, Inc. and the Kentucky Jobs ~~ Development Authority entering into a service and technology agreement as contemplated by KRS 154.24-120. Failure of the aforesaid entities to enter into such an agreement shall render the action taken herein null and void. Section 4 - That the Mayor and the Clerk of the City of Paducah, and other appropriate officers and employees of the City of Paducah are hereby authorized and directed to execute, acknowledge, and deliver such other instruments and papers and to take such other actions as may be necessary or desirable to effect the transactions authorized above. Section 5 - That the preamble to the Resolution be and the same is incorporated herein as if set out in full. Section 6 - That this Resolution shall become effective upon its passage. PASSED, , 19~ .r ..._-, . .,. ._. i q~:n: r.-.y.~~~.~~. „...p: „-. .. i. :r ~. r. F. Vic:-.:- ,.. ,i. ~ me --..-3 ~ ~..,.. ~. .:.i ~ T.. -~.aw ~:~~xr.~r...~,. 587 ATTEST: City Clerk of Paducah, Kentucky PUBLISHED: ~,,~~ r~~~,.