10-10-2007 Council Agenda - Laserfiche WebLink

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CITY OF LITTLE CANADA RAMSEY COUNTY STATE OF MINNESOTA Council member introduced the following resolution and moved its adoption: RESOLUTION NO. RESOLUTION ADOPTING A MODIFIED POLICY AND CRITERIA FOR GRANTING BUSINESS SUBSIDIES BE IT RESOLVED By the City Council (the "Council ") of the City of Little Canada, Minnesota (the "City ") as follows: Section 1. Recitals. 1.01. Minnesota Statutes, Sections 116J.993 through 116J.995 (the "Statutes ") require the adoption of a policy and criteria for the granting of business subsidies as defined in the Statutes; and, 1.02. The City has determined that it is necessary and appropriate to adopt a modified business subsidy policy and criteria (the "Policy ") pursuant to the Act to include a specific job and wage floor; and, 1.03. The City has performed all actions required by law to be performed prior to the adoption and approval of the Policy, including the holding of a public hearing upon published notice as required by law on October 10, 2007. Section 2. City Approval; Further Proceedings 2.01. The Policy, attached as Exhibit A hereto, is hereby approved, ratified, established, and adopted and shall be placed on file at City Hall. 2.02. The City Administrator is authorized and directed to file a copy of the Policy, along with annual reports, to the Minnesota Department of Employment and Economic Development, pursuant to the Act. The motion for the adoption of the foregoing resolution was duly seconded by Council member , and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Dated: October 10, 2007. ATTEST: Bill Blesener, Mayor Joel Hanson, City Administrator (seal) - 9 8 -