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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. I ( _,r. 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 ~.~ }O~-oto 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 rb-~X~~ ~. Now therefore;-4fiQ CI~'>~" ~n~~-rel!ch desire::> lel comtlbutc flu ,d~ bJ tl.e-Jvtr Ot'P(iJrtWllit~~kt....~..............~ jt- ~-1E.tl ~ u 4~ ()OO~o C> ~JJ1~ J?Z ,-fio&;uS<~~~;~f #Z~OD/OO~~t::--~~Je ' (\D ~~ tfi,~~r ' ~~~~ V0~:--~~t - c~-tt; J~_~ ,)-,1;-~ '~ ~~",.:Q - .~ ~ a-P" . 'Bu--~, ~~~~~~~