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MINUTES <br />CITY COUNCIL <br />NOVEMBER 30, 2022 <br />MAXWELL LABS MINNESOTA INVESTMENT FUND APPLICATION <br />The Community Development Director explained that the City received a request from Maxwell Labs <br />to support an application for assistance from the Minnesota Department of Employment and Economic <br />Development (DEED) for the relocation of their business to 3080 Centerville Road. She stated that <br />Maxwell Labs is a computer technology company. She stated that Maxwell Labs is seeking funding <br />from the Minnesota Investment Fund which provides loans to businesses that create or retain high - <br />paying, full time permanent jobs, and invest in machinery or property acquisition or improvements. <br />She reported that this would be a significant economic development opportunity for Little Canada and <br />requests the Council call for a public hearing on December 14, 2022 to consider the Minnesota <br />Investment Fund Application from Maxwell Labs. <br />McGraw introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2022-11-135 — CALL FOR A PUBLIC HEARING ON DECEMBER 14, <br />2022 AT 7. 30 P.M. TO CONSIDER LOCAL GOVERNMENT SUPPORT FOR AN <br />APPLICATION <br />The foregoing amended resolution was duly seconded by Miller. <br />Ayes (5). Nays (0). Resolution declared adopted. <br />There being no further business, the meeting was adjourned at 10:10 p.m. <br />Jo . Keis, Mayor <br />Attest: <br />Lll�"L- <br />Christopher Heineman, City Administrator <br />E'3 <br />