Economic Development Grant FundingCity of Salina
Economic Development Grant Offer and Agreement
Offer
This agreement entered into on the 9th day of September, 2008 is made by and between
the City of Salina, Kansas, 300 West Ash Street, Salina, KS, herein called the "City", and
Premier Pneumatics, Inc., whose address is 606 N. Front Street, Salina KS 67401, herein
called the "Grantee."
WHERAS, 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
WHERAS, the City's Salina Economic Development Incentives Council (SEDIC)
Reviewed Grantee's application and recommended to the Salina City Commission the
granting of $24,000 in City economic development sale tax funds for Grantee's project;
and
WHERAS, on August 6, 2007, the Salina City Commission approved the expenditure of
$24,000 as an economic development grant for Grantee's project consisting of the
following:
Job Related Training for six new positions, herein called "the project ".
The project is described in more detail in the attached application letter submitted by
Grantee, Excerpt of Minutes and copy of Resolution Number 05 -6220, hereby
incorporated by reference.
NOWTHEREFORE, 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 $24,000 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 of the City of Salina under this Offer shall be $24,000.
2. Payment of the City's share of the allowable project costs as detailed in the
Grantee's attached application will be made pursuant to paid invoices submitted
to the City by Grantee. Any such invoices shall be accompanied by time sheets
which identify each trainee, wage rate, and time claimed for each trainee. Grantee
may request multiple drawdowns of grant funds. The project shall be complete
within twelve (12) calendar months from the execution date of the agreement.
3. Grantee shall use every reasonable effort to meet the job creation estimate
provided to the SEDIC on August 6, 2007.
4. In the event that six new, fully trained positions are not in place on the completion
date of the agreement, funds allotted shall be reduced proportionately ($4,000 per
position). Grantee agrees to return any funds that have been distributed in excess
of the final allotted amount.
5. Grantee agrees to maintain all statutory insurance coverages (Workers
Compensation, etc.) on employees for whom wages are reimbursed under this
agreement .
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.Elsey2Salina.org
7. The official contact for the Grantee is:
Todd Smith
General Manager
Premier Pneumatics, Inc.
606 N. Front Street
Salina, KS 67401
TSmith e,ktron.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 Grantee's acceptance of the offer.
City of Salina
JASon Gage
City Manager
Acceptance
Attest:
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 ofthe terms and conditions in the Offer
and in the project applications letter.
Evidenced this day of 2008
Premier Pneumatics, Inc.
By , e
Grantee's Designated Official Representative
Title VE.d r=IQ,#L 11YA -4 '4 G E%t
Attest: w.�c�re
Title: C_on i,'DtUrt
Premier Pneumatics, Inc.
606 North Front Street
P.O. Box 17
Salina, KS 67402 -0017
Tel (785) 825 -1611
Fax (785) 825 -8759
www.premierpneuiiiatics.com
November 6, 2008
City of Salina
Lieu Ann Elsey, City Clerk
P.O. Box 736
Salina, Ks 67402 -0736
RE: Economic Development Grant
Gentlemen:
It
r n u u c us unuur
Premier Pneumatics, Inc. has attained the job creation estimate as provided to the Salina
Economic Development Incentives Council. On August 6, 2007, Premier Pneumatics,
Inc. employed 96 people. As of August 2008, Premier employed a total of 103 people for
a gain of 7 new people within the 12 month period.
As per the Grant offer we are requesting a disbursement of $24000.
Thank you.
Todd W. Smith
General Manager