Title
Request for Approval of Automation Alley SmartZoneTM Cooperative Agreement
Body
Whereas, the Michigan Legislature passed, and the Governor signed, Public Act 248 of 2000, to promote, inter alia, the development of high technology businesses throughout the State of Michigan; and
Whereas, the Michigan Economic Development Corporation (“MEDC”) was authorized by Public Act 281 of 1986, as amended, being MCL 125.2151 et seq. (the “Act”), to designate a certain number of certified technology parks (“Certified Technology Parks”) within the State of Michigan by December 31, 2002; and
Whereas, the MEDC, for strategic marketing purposes, chose to designate the aforementioned Certified Technology Parks as “SmartZones”; and
Whereas, the MEDC entered into agreements with the City of Southfield and the City of Rochester Hills, and their respective local development finance authorities (each a “Certified Technology Park Agreement”), to designate all or a portion of certain identified areas within each city as areas to be included in a Certified Technology Park and authorize the use of the SmartZone service mark with respect to those Certified Technology Parks; and
Whereas, the Certified Technology Park Agreements allow, by either amendment or ratification, for the addition of new parties to each Certified Technology Park Agreement upon creation of a multi-jurisdictional local development finance authority with either the City of Rochester Hills or the City of Southfield; and
Whereas, the City of Rochester Hills, the City of Southfield, the City of Troy, the Automation Alley Joint Local Development Finance Authority, the County of Oakland, Oakland University, Lawrence Technological Institute, and Automation Alley desire to enter into the Automation Alley SmartZone Cooperative Agreement.
Now Therefore Be It Resolved that the proposed Automation Alley SmartZone Cooperative Agreement between the City of Rochester Hills, the City of Southfield, the C...
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