HomeMy WebLinkAboutResolution No. 99-01 EDAMember Bergeson introduced the following resolution and moved its
adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 99-4
RESOLUTION ADOPTING BUSINESS SUBSIDY CRITERIA
WHEREAS, Minnesota Statutes, Sections 1167.993 through 1167.995 (the "Statutes")
require the adoption of criteria for the granting of business subsidies as defined in the
Statutes; and
WHEREAS, The Economic Development Authority (the "Authority") of the City of Lino
Lakes (the "City") has determined that it is necessary and appropriate to adopt business
subsidy criteria pursuant to the Statutes; and
WHEREAS, The Authority has performed all actions required by law to be performed
prior to the adoption and approval of the proposed business subsidy criteria, including the
holding of a public hearing upon published notice as required by law on November 8,
1999.
NOW, THEREFORE, BE IT RESOLVED by the Authority of the City of Lino Lakes,
Minnesota, that the business subsidy criteria, contained in Exhibit A of this resolution are
hereby approved, ratified, established, and adopted and shall • - • aced on file at the City
Hall.
Dated: November 8, 1999
Presi 8 ent
ATTEST:
1 /?t
Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member
Neal
thereof
and upon vote being taken thereon, the following voted in favor
Bergeson, Neal, Lyden, Sullivan, Dahl
and the following voted against same: