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This finding is based on representations of Sportech,LLC, that it is a wholly owned <br /> subsidiary of Monomoy Capital Partners, a national private equity firm with manufacturing <br /> assets across the country that has multiple options to relocate this facility, and/or expand at <br /> any number of its nationwide facilities and/or adjacent locations. In addition,the City has <br /> relied on representations of Sportech,LLC,that local and state participation is vital to the <br /> Project occurring at this location in the reasonably foreseeable future. <br /> 3. Because the Project fits within the city's adopted Comprehensive Land-Use Plan and is <br /> permitted in the proposed location through a conditional use permit,the City finds that the <br /> proposed project conforms to the general plan for the development or redevelopment of the <br /> City as a whole. <br /> 4. Because the Project fulfills needs outlined in both the city's Comprehensive Plan, as well <br /> as the Economic Development Authority's Strategic Plan, the City finds that the proposed <br /> project will afford maximum opportunity, consistent with the sound needs of the City as a <br /> whole, for the redevelopment or development of the project by private enterprise. Growth <br /> of both good paying manufacturing jobs, as well as commercial/industrial tax base growth <br /> which will result from this Project are indicated priorities of both the City's economic <br /> development authority, as well as the City Council. <br /> 5. City staff is authorized to undertake all necessary steps to implement this resolution and <br /> apply for JCF funds. <br /> Passed and adopted this 16`'day of February,2021. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City Clerk <br /> UREJ <br />