Economic Development Grant Agreement
City of Salina
Economic Development Grant Offer and Agreement
Offer
This agreement entered into on theJ.~ day of rY\u& c2cDf> , is made by
and between the City of Salina, Kansas, 300 West Ash Street, Salina, KS, herein called
the "City", and Thunder Struck, Inc., whose address is 2209 Centennial Rd., herein called
the "Grantee."
WHEREAS, the Grantee has submitted to the City an application for grant of City
economic development sales tax funds for facility improvements and major equipment
purchases for the addition of primary industrial jobs; and
WHEREAS, the City's Salina Economic Development Incentives Council (SEDIC)
Reviewed Grantee's application and recommended to the Salina City Commission the
granting of$21,000 in City economic development sale tax funds for Grantee's project;
and
WHEREAS, on March 24, 2008, the Salina City Commission approved the expenditure
of $21 ,000 as an economic development grant for Grantee's project consisting of the
following:
Purchase offabrication equipment.
The project is described in more detail in the attached application letter submitted by
Grantee and the excerpt of meeting minutes.
NOW THEREFORE, pursuant to City of Salina appropriations authority and Resolution
05-6220, and in consideration of the Grantee's acceptance of this offer, and the benefits to
accrue to the City of Salina and the public from the accomplishment of the project and
compliance with the assurances and conditions as herein provided, the City of Salina
hereby offers and agrees to pay $21,000 as the City's share of allowable costs incurred in
accomplishing the project.
This offer is made on and subject to the following terms and conditions:
Conditions
1 The maximum obligation ofthe City of Salina under this Offer shall be $21,000.
2. Payment of the City's share of the allowable project costs as detailed in the
Grantey's attached application will be made pursuant to paid invoices submitted
to the City by Grantee. Grantee may request multiple draw downs of grant funds.
Grantee shall request Salina Area Chamber of Commerce certification as to the
purchase and receipt of the fabrication equipment list attached to this agreement as
Exhibit A. The Grantee will also request Salina Area Chamber of Commerce
certification that eligible project equipment has been received and located.
3. Grantee agrees not to resell or dispose of project equipment without the written
permission of the City.
4. The purchase of all requested equipment shall be complete by March 31, 2009.
5. Grantee shall use every reasonable effort to meet the job creation estimate of six
(6) new jobs as proposed by to the SEDIC on March 12,2008 by March 31, 2009.
6. The official contact for the City is:
Lieu Ann Elsey
City Clerk
300 West Ash, P.O. Box 736
Salina, KS 67401
785-309-5735 (0)
785-309-5738 (F)
lieuann.elsevlalsalina.org
7. The official contact for the Grantee is:
Casen Brown
President
Thunder Struck, Inc.
2209 Centennial Rd.
785-827-5200
thunderstruckinc@yahoo.com
The Grantee's acceptance of this offer, ratification and adoption of the project application
incorporated herein shall be evidenced by execution of this agreement by the Grantee, and
the offer and agreement shall comprise a Grant Agreement. Such Grant Agreement shall
become effective upon the acceptance of the offer.
City of Salina
Lrl~
ifon A. Gage -
City Manager
Lieu Ann Elsey
City Clerk
The Grantee does hereby ratify and adopt all assurances, statements, representations,
warranties, covenants and agreements contained in the project application letter and
incorporated materials referred to in the foregoing offer and does hereby accept the offer,
by such acceptance, agrees to comply with all of the terms and conditions in the Offer
and in the applications letter.
Evidenced this 20th day of April, 2008.
Thunder Struck, Inc.
By:
t/J-
Co-Owner
Grantee's Designated Official Representative Title
Attest.
Ti<le S-ewmJtLcl-
Notary Public State of Kansas
Robyn Cisneros
My Appl Exp IV -:2.. C{ - / I