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<br /> <br />M:\MASTERFILES\EDC MINUTES-RESOLUTIONS\EDC MINUTES\2000\02-24-00.DOC <br /> <br /> 2 <br />Motion/Second: Carlson/Goff moved to adopt the 2000 Work Plan as amended. <br /> <br />Motion Carried 6 ayes 0 nays <br /> <br /> <br />C. Business Subsidy Policy <br /> <br />The “1999 Business Subsidies Law” (Minnesota Statutes § 116J.993 through §116J.995) <br />requires communities to develop and adopt a business subsidy policy for all subsidies/incentives <br />granted after August 1st, 1999. In accordance with this legislation, communities granting <br />incentives are required to pass a “Business Subsidy Policy” to assist in the development of <br />“Business Subsidy Agreements.” After discussion of the issue, Commissioner Olsen moved to <br />table discussion of the “Business Subsidy Policy” to a future meeting. There being no <br />second, the motion was not acted upon. The following motion was presented and seconded: <br /> <br /> <br />Motion/Second: Carlson/Walther moved to adopt the “Business Subsidy Policy” as <br />presented. <br /> <br />Motion Carried 5 ayes 1 nay <br /> <br />Commissioner Olsen’s dissent was based on a variety of factors including: policy’s lack of <br />conformity with enabling legislation, inadequate information on which to make a decision, and <br />the broad nature of the policy as constructed. <br /> <br /> <br />6. Reports From Chair, Commissioners and Staff: <br /> <br />A. Coordinator Parrish announced that a Commission Appreciation Dinner will take place at <br />approximately 6:00 p.m., March 2nd at the Mounds View Community Center. More details <br />will follow. <br />B. Coordinator Parrish announced that the City has received several inquiries from the <br />Minnesota Office of the State Auditor regarding the use of tax increment finance. <br />Additional information will be disseminated as it becomes available. <br /> <br />7. Adjournment <br /> <br />There being no further business before the Commission, this meeting of the Economic <br />Development Commission adjourned at 8:43 a.m. <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Aaron Parrish <br />Economic Development Coordinator <br />