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<br />. <br /> <br />. <br /> <br />. <br /> <br />, <br /> <br />EDA RESOLUTION NO. 94-EDA9 <br /> <br />RESOLUTION NO. 94-EDA9 APPROVING APPLICATION FOR THE STATE OF <br />MINNESOTA ECONOMIC RECOVERY GRANT TO PROVIDE A LOAN TO WOLF & <br />ASSOCIATES FOR EXPANSION OF LOCAL MANUFACTURING FACILITY <br /> <br />WHEREAS, Wolf & Associates, a local business in Mounds View since 1987, is <br />considering the expansion and reconfiguration of their current facility located at 4860 <br />Mustang Drive and needs to secure gap financing to enable expansion in Mounds <br />View; and <br /> <br />WHEREAS, Wolf & Associates is a high quality and unique business that designs <br />and manufactures material handling systems for the pulp and paper, power <br />generation, mining, and resource recovery industries nation wide; and <br /> <br />WHEREAS, The City of Mounds View will be applying for an Economic Recovery <br />Grant from the Minnesota Department of Trade and Economic Development to make <br />a low-interest loan to Wolf & Associates and establish a revolving loan fund; and <br /> <br />WHEREAS, such an endeavor would be in the best interest of the City to ensure <br />the retention of 50 and the addition of 20 high quality jobs. <br /> <br />NOW, THEREFORE, BE IT RESOLVED THAT the Economic Development <br />Authority hereby approves the application for an Economic Recovery Grant from the <br />Minnesota Department of Trade and Economic Development to provide a low interest <br />loan to Wolf & Associates. <br /> <br />Adopted by the Economic Development Authority in and for the City of Mounds View <br />this 13th day of June, 1994. <br /> <br />ATTEST: <br /> <br />F3~ <br /> <br />(SEAL) <br /> <br /> <br /> <br />...>fI-?1- U/l- <br />"-,\ Exe <br /> <br />") <br />,/ <br /> <br />( <br /> <br /> <br />" <br /> <br />.....,...... .~.. <br /> <br />,. <br />