Complex sentence: In 2010 Cromwell formed and serves as president of the private, for-profit "First Light Corporation" with other members of his council administration for the purposes of real estate and casino development interests.
Split into simpler sentences: In 2010 Cromwell formed and serves as president of the private, for-profit "First Light Corporation" with other members of his council administration. The corporation was established for the purposes of real estate and casino development interests.