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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 />ATTEST: <br />Tina Allard, City Clerk <br />wior <br />rpI I I I I I 11 <br />NATURE <br />