Res 10-06
RESOLUTION NO. 10-06
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRA Y BEACH, FLORIDA, SUPPORTING THE SCRIPPS
RESEARCH INSTITUTE OPPORTUNITY FUND.
WHEREAS, Palm Beach County is investigating possible sites for the location of the
Scripps Research Institute; and
WHEREAS, one of the proposed sites for the Scripps Research Institute is in Boca Raton;
and
WHEREAS, the Scripps Research Institute and the complementary uses resulting from the
Scripps Research Institute are projected to create over 5,000 jobs; and
WHEREAS, it is recognized that if the Scripps Research Institute locates in Boca Raton,
some of the complementary uses resulting from the Scripps Research Institute will be in Delray
Beach; and
WHEREAS, it is recognized that if the Scripps Research Institute locates in Boca Raton, the
City of Delray will direcrly benefit by the jobs created with the location of the Scripps Research
Institute and other spin-off bioscience firms; and
WHEREAS, through a public/private partnership, a Scripps Research Institute Opportunity
Fund is being created to fund employee incentives, job creation, and diversity programs and
initiatives in Delray Beach and Boca Raton.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DELRA Y BEACH, FLORIDA, THAT:
Section 1. If the Scripps Research Institute locates in Boca Raton:
. The City of Delray Beach hereby pledges to contribute the sum of $2,000,000 to the
Scripps Institute Opportunity Fund to be paid in two equal payments of $1.000.000
each over a two year period.
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PASSED AND ADOPTED on this 1""- day of ~.& ~) .2006.
ATTEST:
~Rl 4.
~~ ~.~. \:J~:~J
City Clerk
2
RES. NO. 10-06
~
RESOLUTION NO. 10-06
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRA Y BEACH, FLORIDA, SUPPORTING THE SCRIPPS RESEARCH
INSTITUTE OPPORTUNITY FUND.
WHEREAS, Palm Beach County is investigating possible sites for the location of the Scripps
Research Institute; and
WHEREAS. one of the proposed sites for the Scripps Research Institute is in Boca Raton; and
WHEREAS. the Scripps Research Institute and the complementary uses resulting from the Scripps
Research Institute are projected to create over 5.000 jobs; and
WHEREAS. it is recognized that if the Scripps Research Institute locates in Boca Raton, some of the
complementary uses resulting from the Scripps Research Institute will be in Delray Beach; and
WHEREAS. it is recognized that if the Scripps Research Institute locates in Boca Raton. the City of
Delray will directly benefit by the jobs created with the location of the Scripps Research Institute and other
spin-off bioscience firms; and
WHEREAS, through a public/private partnership, a Scripps Research Institute Opportunity Fund is
being created to fund employee incentives, job creation, and diversity programs and initiatives in Delray
Beach and Boca Raton.
NOW. THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
DELRA Y BEACH, FLORIDA, THAT:
Section 1. If the Scripps Research Institute locates in Boca Raton:
. The City of Delray Beach hereby pledges to contribute the sum of $2.000.000 to the Scripps
Institute Opportunity Fund to be paid in two equal payments of $1.000,000 each over a two
year period.
PASSED AND ADOPTED on this
day of
. 2006.
ATTEST:
MAYOR
City Clerk
<1L
FEB-03-Z006 16:17
FROM-CITY MANAGER/CITY COUNCIL OFFICE
561-367-7014
T-699 P.003/003 F-486
~.~
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Whereas. Palm Beach County is investigating possible sites for the II)cation of the
Scripps Research Institute, and
Whereas, one of the proposed sites for the Scripps Research InstitLrte is in Boca Raton,
and
Whereas, the Scripps Research Institute and the complementary USElS resulting from the
Scripps Research Institute are projected to create over 5,000 jobs. al1d
Whereas. it is recognized that if the Scripps Research Institute locatE IS in Boca Raton.
some of the complementary uses resulting from the Scripps Research Institute will be in
Delray Beach, and
Whereas, it is recognized that if the Scripps Research Institute 10catE:s in Boca Raton,
the City of Delray ~1I(')dire~t1y be.[lefit 9Y til. ~e j joobbs~ cr creeaajtFwith the 1~ltion of the Scripps
Research Institute~ ~~odt.~. f~V
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