In accordance with state law, this resolution authorizes payment of up to $250,000 from the Industrial Development Fund (“IDF”) to Cook Pharmica, LLC (“Developer”) to assist with the company’s expansion of its fill and finish business operations. The resolution also authorizes the City to enter into an economic development financing agreement with the Developer to include the terms and conditions of the compliance and potential clawback of the one-time payment in the event of noncompliance.

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