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RES 2015-26 Adopted RESOLUTION NO. 2015-26 A RESOLUTION AUTHORIZING THE CITY TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT BETWEEN AIKEN COUNTY AND THE CITY OF NORTH AUGUSTA PERTAINING TO THE CREATION OF A JOINT COUNTY INDUSTRIAL AND BUSINESS PARK WITHIN AIKEN COUNTY AND THE CITY OF NORTH AUGUSTA. WHEREAS, the City of North Augusta, in conjunction with Aiken County has determined it to be in the best interest of both the City and County, to create a multi-county industrial and business park to be located within the City limits of North Augusta; and WHEREAS, the establishment of such park will allow the granting of certain economic incentives as are available to companies locating, improving, or expanding projects within such parks; and WHEREAS, the City is aware that AM BIOPHARM, Inc., and one or more existing or to be formed or acquired subsidiaries or affiliated or related entities would intend to add existing facilities within the park to be established; and WHEREAS, the City has been aware of negotiations that took place related to the creation of the park and the incentives being provided to AM BIOPHARM, Inc.; and WHEREAS the multi-county park act requires the consent and the approval of the City before a multi-county industrial park can be created by the County within the corporate limits of the City; and WHEREAS, the City Council for the City of North Augusta has determined that the creation of such park is in the best interest of the City and that it is appropriate that the City cooperate with Aiken County in establishing this park as well as providing the inducements to AM BIOPHARM, Inc., to move forward with an expansion project within said park; and WHEREAS City Council has reviewed the proposed agreement required in order to establish this park, such agreement being attached hereto, marked as "Exhibit A" and incorporated by reference, and finds that the entering into same is in the best interest of the City. NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of North Augusta, South Carolina that the City consents to the proposed intergovernmental agreement as attached and authorizes the Mayor to execute such agreement on behalf of the City. THIS RESOLUTION shall be effective immediately upon approval by Mayor and Council. DONE, RATIFIED AND ADOPTED BY TH MAYOR AND CITY COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA,ON THIS THE DAY OF NO EMBER,2015. Lark W. Jones, ayor ATTEST: "R . Donna B. Young, Ci ,T Clerk lerk