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Jefferson council approves development agreement with V&V Supremo Foods for Food and Beverage Innovation Park
Summary
The council unanimously approved Resolution No. 71 authorizing a Development Agreement with V&V Supremo Foods, Inc. to purchase land in the Food and Beverage Innovation Park and construct a new cheese production facility; the agreement includes unspecified financial incentives to facilitate local economic benefits.
On Dec. 16, the Jefferson Common Council approved Resolution No. 71 authorizing the City Administrator to enter into a Development Agreement with V&V Supremo Foods, Inc. The agreement is intended to allow Supremo to purchase land in the Food and Beverage Innovation Park and build a new cheese production facility with certain financial incentives negotiated between the parties.
Ald. Neils introduced the resolution and the council adopted it by unanimous roll-call vote. The minutes state a copy of the Development Agreement is attached to the resolution but the minutes do not list the specific incentive amounts or performance conditions in the text of the minutes.
The council recorded no amendments or recorded dissent. The approval directs the City Administrator to sign the agreement on the city's behalf.
