Title
Consider a resolution authorizing the Mayor to execute a First Amendment to the Economic Development Program Agreement with Cargill Meat Solutions Corporation.
Body
In December 2020, Proportion Foods merged with Cargill Meat Solutions Corporation. Under the agreement originally approved in 2015, economic incentive payments based on ad valorem property tax are in effect through tax year 2023. All other incentives have already been paid. The agreement requires continued reporting of employment through December 31, 2023. This change is administrative only and does impact any other agreement terms.