HomeMy WebLinkAbout1993-092 Council ResolutionCouncil Member Bergeson
adoption:
introduced the following resolution and moved its
CITY OF LINO LAKES
RESOLUTION NO. 92-93
RESOLUTION OF SUPPORT FOR THE GREENHA VEN PROPOSAL
WHEREAS, the City of Lino Lakes will support a Tax Increment Financing subsidy for
Greenhaven Press, Inc.;
WHEREAS, Greenhaven Press, Inc. has selected a 2.1 acre site in the Apollo Business
Center which is within Tax Increment Financing District 1-4;
WHEREAS, the city will commit to actual and reasonable costs up to $80,000 in
financial assistance to Greenhaven Press, Inc. for approximately 16,400 square feet
of new construction, and up to an additional TIF subsidy of $30,000 should Phase II
(16,400 square feet) be built within three years;
WHEREAS, Greenhaven Press, Inc. will receive the financial assistance on a "pay as
you go" basis;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO
LAKES, MINNESOTA:
1. The Council will support the Tax Increment and financial assistance for Greenhaven
Press, Inc. as outlined above.
Adopted by the Lino Lakes City Council this 22nd day of November, 1993
Vernon F. Reinert, Mayor
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Marilyn G. Anderson, 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, Neal, Reinert.
The following voted against same: None, Council Member Kuether was absent.
Whereupon said resolution was declared duly passed and adopted.