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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 484 -2177 / FAX: (651) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Joel R. Hanson, City Administrator <br />DATE: September 17, 1999 <br />RE: Call for Hearing on Adoption of Business Subsidy Criteria <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morel= <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />Rusty Fifield has recommended we call for a hearing on the proposed adoption of <br />business subsidy criteria (see resolution calling for hearing attached). It is suggested we <br />hold this hearing at our October 27`" meeting. (Draft criteria are also attached for your <br />review.) <br />This is a new requirement enacted by the 1999 Minnesota Legislature. It applies to all <br />cities that provide business subsidies after August 1, 1999. (The Goodyear and Biagini <br />projects are not subject to these provisions.) <br />A fact sheet prepared by the Minnesota Department of Trade & Economic Development <br />is attached which discusses the basis for this law. I would recommend we call for a <br />hearing to be held October 27th as requested. <br />Page 82 <br />