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);
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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~
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587
ATTEST:
City Clerk of Paducah, Kentucky
PUBLISHED:
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