Ordinance O-2025-003

PDF of APPROVING A PROJECT INVOLVING SOLAERO TECHNOLOGIES CORPORATION PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT AND CITY ORDINANCE F/S O-04-10, THE CITY'S IMPLEMENTING LEGISLATION FOR THAT ACT, TO SUPPORT THE EXPANSION AND MODERNIZATION OF SOLAERO’S COMPOUND SEMICONDUCTOR MANUFACTURING CAPABILITY AND CAPACITY THAT IS BOTH SUFFICIENT TO MEET RAPIDLY GROWING GLOBAL DEMAND AND A SIGNIFICANT IMPROVEMENT OF THE OVERALL ECONOMICS OF COMPOUND SEMICONDUCTOR PRODUCTION AT SOLAERO; AUTHORIZING THE EXECUTION OF A PROJECT PARTICIPATION AGREEMENT AND OTHER DOCUMENTS IN CONNECTION WITH THE PROJECT; MAKING CERTAIN DETERMINATIONS AND FINDINGS RELATING TO THE PROJECT INCLUDING THE APPROPRIATION OF FUNDS; RATIFYING CERTAIN ACTIONS TAKEN PREVIOUSLY; AND REPEALING ALL ACTIONS INCONSISTENT WITH THIS ORDINANCE.