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Board to consider Bombardier grant agreement that clears 2011 forgivable loan
Summary
Staff said a proposed resolution would authorize a grant agreement between the City of Wichita and Bombardier that, given Bombardier's community investments, allows the county to remove a 2011 forgivable loan from its books after prolonged negotiations.
Tom Stultz previewed a resolution authorizing a grant agreement between the City of Wichita and Bombardier. He said the agreement reflects months of negotiation and that Bombardier has delivered enough community assets, including capital investment and jobs, to allow an older forgivable loan from 2011 to be taken off the books.
The item was presented as a county resolution placed on the Jan. 8 agenda after lengthy intergovernmental discussions; staff indicated commissioners had been briefed previously and no substantive debate was recorded in the briefing excerpt. The commission can ask questions about the grant agreement terms when the item is taken up formally.
