RESOLUTION _______Economic Development Incentive Agreement • August 2nd, 2016
Contract Type FiledAugust 2nd, 2016A Resolution approving and authorizing the Mayor-President, on behalf of the City of Baton Rouge and Parish of East Baton Rouge, to negotiate and enter into an Economic Development Incentive Agreement, providing a Forgivable Loan and/or Grant, not to exceed $500,000 over five (5) years, to General Informatics, LLC, with eligibility for accepting such funding contingent on meeting specified spending, job creation and job retention standards and to execute the necessary loan agreements, security devices, and loan payment, claw back and recoupment provisions and other non-substantive modifications; and to execute all contracts, agreements and amendments to effectuate same.