Sedgwick Claims CEBA Application
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MEMORANDUM
February 28, 2006
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TO:
The Honorable Mayor and City Council Members
FROM:
Michael C. Van Milligen, City Manager
SUBJECT: Sedgwick Claims Management Services, Inc.
Community Economic Betterment Account (CEBA) Application
Economic Development Director David Heiar is recommending City support of
Sedgwick Claims Management Services, Inc.'s proposal to hire 75 employees at a
facility located in the City of Dubuque.
To assist this project, Sedgwick has requested a forgivable CEBA loan of $150,000.
City assistance as public match for the CEBA application is required, and is proposed to
be $100,000 from the City's existing UDAG-funded economic development loan
program as a 0% five-year loan.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
01Jllc~ ~t ~
Michael C. Van Millige'n
MCVM/jh
Attachment
cc: Barry Lindahl, Corporation Counsel
Cindy Steinhauser, Assistant City Manager
David Heiar, Economic Development Director