Comments on: The DNA project and taxpayer incentives http://www.toddkuhns.com/2008/06/the-dna-project-and-taxpayer-incentives/ There's always a solution. Tue, 15 Jun 2010 22:16:02 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Tim Tucker http://www.toddkuhns.com/2008/06/the-dna-project-and-taxpayer-incentives/comment-page-1/#comment-44 Tim Tucker Mon, 09 Jun 2008 16:37:56 +0000 http://www.toddkuhns.com/?p=58#comment-44 Great news about Human Identification Technologies. Even better about the minimal incentives involved. Hat's off to Phil Tate and K-REDI. Many thanks to the City Council and the Mayor. Great news about Human Identification Technologies. Even better about the minimal incentives involved. Hat’s off to Phil Tate and K-REDI. Many thanks to the City Council and the Mayor.

]]> By: admin http://www.toddkuhns.com/2008/06/the-dna-project-and-taxpayer-incentives/comment-page-1/#comment-43 admin Tue, 03 Jun 2008 21:20:27 +0000 http://www.toddkuhns.com/?p=58#comment-43 Additional clarification: 1. The $109,356 will be paid from K-REDI to the city in the form of a check. The check will be drawn upon the general funds of K-REDI. Those general funds consist of annual memberships from private and public institutions in Kirksville of which a portion thereof comes from annual funding from the city. 2. The 50% transfer takes place only upon HIT closing on property adequate for the construction of the proposed DNA laboratory. Upon that transfer, HIT has the right to PURCHASE the remaining 50% interest. 3. The undisclosed contractual terms relate to a completely separate part of this project. It is not related to the hangar in any way. HIT is obligated to pay an annual lease to the city for the city owned ground upon which the hangar sits. The lease price is $1,000 per year which is consistent with other leases at the airport where private hangars sit upon city owned property. Additional clarification:

1. The $109,356 will be paid from K-REDI to the city in the form of a check. The check will be drawn upon the general funds of K-REDI. Those general funds consist of annual memberships from private and public institutions in Kirksville of which a portion thereof comes from annual funding from the city.

2. The 50% transfer takes place only upon HIT closing on property adequate for the construction of the proposed DNA laboratory. Upon that transfer, HIT has the right to PURCHASE the remaining 50% interest.

3. The undisclosed contractual terms relate to a completely separate part of this project. It is not related to the hangar in any way. HIT is obligated to pay an annual lease to the city for the city owned ground upon which the hangar sits. The lease price is $1,000 per year which is consistent with other leases at the airport where private hangars sit upon city owned property.

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