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Resolution No. 16-03 EDA
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Resolution No. 16-03 EDA
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Last modified
10/9/2017 1:15:36 PM
Creation date
10/6/2017 11:57:53 AM
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EDA
EDA Document Type
EDA Resolution
Meeting Date
06/13/2016
Resolution #
16-03
Resolution Title
Approving Amended and Restated Business Subsidy Policy
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5.01 Any subsidy granted by the City or the EDA will be subject to the requirement of a <br />public hearing; if necessary. <br />5.02 It will be necessary for both the recipient and the City or the EDA to comply with <br />reporting and monitoring requirements of the Business Subsidy Act. <br />5.03 A recipient may be authorized to move from Lino Lakesthe City within five years <br />of the benefit date (as defined in the Business Subsidy Act) only if, after a public <br />hearing, the City or EDA approves the request to move. The City or EDA may <br />discontinue the subsidy if the recipient moves from the City. <br />133413- 2 3 2 6 5 6v l <br />LN110 4-2 <br />479195v2 <br />4 <br />
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