HomeMy Public PortalAbout007-2021 - Supports participation in the READI program COMMON COUNCIL
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CITY OF RICHMOND,INDIANA
RESOLUTION NO. 7-2021
A RESOLUTION SUPPORTING PARTICIPATION IN THE INDIANA REGIONAL
ECONOMIC ACCELERATION AND DEVELOPMENT INITIATIVE
WHEREAS, The Indiana Economic Development Commission ("IEDC") has released an
Indiana state-wide initiative known as the Regional Economic Acceleration
and Development Initiative ("READI") dedicating Five Hundred Million
Dollars ($500,000,000.00) in state earmarked appropriations to promote
strategic investments; and
WHEREAS, The East Central Indiana Regional Partnership ("ECIRP") is an Indiana
domestic nonprofit corporation which is in the process of preparing a Regional
Development Plan for and in cooperation with the Indiana counties of
Blackford, Delaware, Grant, Henry, Jay, Randolph, and Wayne, which
neighboring counties and their participating cities and towns are collectively
designated for purposes of the initiative as "Region 7"in Indiana; and
WHEREAS, ECIRP is in the process of developing a Regional Development Plan and
Strategy known as the"Forge Your Path" Strategy and the use of the Plan will
be utilized to apply for up to Fifty Million Dollars ($50,000,000.00) from the
Indiana initiative to accelerate the implementation of region projects and
programs as further outlined in the initiative's guideline documents and
support materials distributed to community officials; and
WHEREAS, The initiative's priorities are focused on projects which support long-term
impact on Region 7 with the Indiana state goal to be to encourage neighboring
counties,cities,and towns to create a shared vision for the future by developing
quality of place, innovation, entrepreneurship, quality of opportunity, and
quality of'life enhancements, including infrastructure implement, property
revitalization, and enhancement of cultural amenities; and
WHEREAS, The City of Richmond, Indiana ("City") has participated in various focus
groups and the City has identified funding sources in which the City may
participate with the release of local funds to be granted to the initiative in the
event the Region 7 collection of stakeholders is chosen to benefit from the State
initiative; and
WHEREAS, The governmental participants located in Region 7 which wish to participate
in the initiative, must have the support of the participating unit's governing
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officials who represent the unit in order for each participating governmental
unit to endorse the initiative plan and participate in the broad coalition of public
and private stakeholders which will oversee the initiative activities; and
WHEREAS, The City, by and through its Common Council as the City's legislative and
fiscal body,and by and through its Executive Mayor,after having reviewed the
materials released by the State of Indiana and the IEDC for the READI
initiative, and with the acknowledgement of the support and participation of
other private entities and stakeholders, wishes to adopt this Resolution of
Support to confirm and acknowledge the participation of the City in the Region
7: Forge Your Path Strategy which may be utilized in the event the Region 7
stakeholders is chosen to benefit from READI.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Richmond and by the Mayor of the City of Richmond that the City of Richmond hereby
expresses its support of the Region 7 Forge Your Path Strategy and expresses the City of
Richmond's intent to participate in the Indiana Regional Economic Acceleration and
Development Initiative as outlined in the program materials released by the Indiana Economic
Development Commission.
All of which is adopted and approved this /6. day of ,
2021.
(Lary Parker)President
(Do Goss)
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. Lucinda Wright
(William Engle)
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(Jeffrey Locke)
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(Ron Oler,Ph.D.)
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(Jane Bumbalough)
ATTEST: ,
(Karen Chasteen, IAMC, MMC)
PRESENTED to the Mayor of the City of Richmond, Indiana, this /7 day of
,2021, at 9:00 a.m.
(Karen Chasteen, IAMC, MMC)
APPROVED by me, David. M. Snow, Mayor of the City of Richmond, Indiana, this I
day of c1G S 7 ,2021, ate ( �
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`( Snow)
ATTEST
( aren Chasteen, IAMC, MMC)