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AGENDA ITEM 3A <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 03/12/01 <br />TOPIC: Consideration of Resolution No. 01-01, approving the <br />proposed business subsidy to Summit Fire Protection <br />VOTE REQUIRED: Simple Majority <br />BACKGROUND: <br />This resolution recognizes that Summit Fire Protection meets one or more of the <br />goals and objectives outlined by the EDA in its business subsidy criteria. Those <br />goals include: <br />1. Light industrial projects in the Apollo Business Center are consistent with the <br />city's comprehensive plan designed to encourage economic growth and <br />diversity. <br />2. As part of the Lino Lakes Town Center, the projects moving into the park play <br />a significant role in providing a critical mass of development to support retail <br />and service businesses in the commercial center. <br />3. This project is also consistent with the city's need to recover the return on its <br />investment in the existing infrastructure within the park. <br />This project will be receiving site and building plan review later tonight by the City <br />Council. It is recommended that approval of the business subsidy be contingent <br />upon final approval of the project by the City Council. <br />OPTIONS: <br />1. Adopt Resolution No. 01-01 <br />2. Retum to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />