HomeMy WebLinkAbout25. 17-194 APRIL 11, 2017 17-194 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE AGREEMENT WITH ANGELS ON THE WATER
FOR CREATION OF AVIATION/AEROSPACE FUND NETWORK
INITIATED BY: COMMUNITY DEVELOPMENT
WHEREAS, East Central Wisconsin Regional Planning Commission (ECWRPC)
received a grant from Wisconsin Economic Development Corporation through the
Department of Defense Office of Economic Adjustment (DoD-OEA) to provide program
funds to support various industry cluster development initiatives within the region; and
WHEREAS, the Scope of Work for said grant included a subaward to the City of
Oshkosh for planning and initial steps to realize a Maintenance, Repair and Overhaul
(MRO) and an Additive Manufacturing niche as part of a Northeast Wisconsin Aerospace
cluster; and
WHEREAS, in order for the City to complete its role in undertaking the Aerospace
Cluster Implementation Project, the City requested proposals to create:
-An aviation/aerospace fund template and network design to include
documentation describing fund structure, governance, management, staffing,
investment strategy, criteria and process; template job descriptions for fund
manager, investment committee and advisory board members; fund terms
template; operational budget template; template financial documents; template
policies and procedures for fund operations; template organizational documents.
-An Oshkosh AeroCatalyst fund with an advisory board, investment committee,
fund manager and administrative home.
and
WHEREAS, Angels on the Water Development LLC submitted the only proposal.
APRIL 11, 2017 17-194 RESOLUTION
CONTD
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the proper City officials are hereby authorized to enter into an appropriate
agreement with Angels on the Water Development LLC to undertake Aerospace Niche
Implementation, as identified above.