HomeMy WebLinkAbout1993-078 Council ResolutionCouncil Member Kuether
adoption:
introduced the following resolution and moved its
CITY OF LINO LAKES
RESOLUTION NO. 78-93
RESOLUTION OF SUPPORT FOR THE A CCU- TOOL PROPOSAL
WHEREAS, the City of Lino Lakes will begin the process for the Tax Increment
Financing Plan amendment;
WHEREAS, Mr. Joe Jungman of Accu -Tool, Inc. will first provide $5,000 as a
commitment to locating his business in Lino Lakes;
WHEREAS, the plan amendment will consist of the city's commitment to actual and
reasonable costs up to $70,000 in financial assistance to Accu -Tool, Inc. for
approximately 10,000 square feet of new and existing construction;
WHEREAS, Mr. Jungman will receive the financial assistance at the time of
occupancy.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO
LAKES, MINNESOTA:
1. The Council will support the Tax Increment Financing Plan amendment and financial
assistance for Accu -Tool, Inc.
Adopted by the Lino Lakes City Council this 27th day of September, 1993
Vernon F. Reinert, Mayor
67-1,at4
Maril n G.yAndersone Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council
Member Elliott and upon vote being taken thereon, the following voted in favor
thereof: Bergeson, Elliott, Kuether, Neal, Reinert.
The following voted against same: None.
Whereupon said resolution was declared duly passed and adopted.