Title
RESOLUTION AUTHORIZING THE EXECUTION OF A MEMORANDUM OF UNDERSTANDING WITH THE CITY OF WICHITA AND SPIRIT AEROSYSTEMS, INC. RELATING TO PROJECT ECLIPSE.
Presented by: Tom Stolz, Deputy County Manager.
RECOMMENDED ACTION: Approve the Resolution and authorize the Chairman to sign the Memorandum of Understanding.
Body
The County, City of Wichita and Spirit AeroSystems, Inc. have negotiated the terms of a Memorandum of Understanding (MOU), dated December December 13, 2017 regarding the construction, financing and operation of a proposed new structure.
Alternatives: Do not sign the Memorandum of Understanding.
Financial Considerations: The County commitment is $7 million dollars anticipated to be available cash for the construction of the facility. Options for funding to be discussed at future Commission meetings.
Legal Considerations:
Policy Considerations:
Outside Attendees: Representatives from Spirit Aerosystems, Inc. and Greater Wichita Partnership.
Multimedia Presentation: