03-14-2000 - Laserfiche WebLink

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MCDtt A p,Pp '®ov®¢O Motion/Second: Carlson/Goff moved to adopt the 2000 Work Plan as amended. Motion Carried 6 ayes 0 nays C. Business Subsidy Policy The "1999 Business Subsidies Law" (Minnesota Statutes § 1167.993 through §116J.995) requires communities to develop and adopt a business subsidy policy for all subsidies/incentives granted after August 1", 1999. In accordance with this legislation, communities granting incentives are required to pass a "Business Subsidy Policy" to assist in the development of "Business Subsidy Agreements." After discussion of the issue, Commissioner Olsen moved to table discussion of the "Business Subsidy Policy" to a future meeting. There being no second, the motion was not acted upon. The following motion was presented and seconded: Motion/Second: Carlson/Walther moved to adopt the "Business Subsidy Policy" as presented. Motion Carried 5 ayes 1 nay Commissioner Olsen's dissent was based on a variety of factors including: policy's lack of conformity with enabling legislation, inadequate information on which to make a decision, and the broad nature of the policy as constructed. 6. Reports From Chair, Commissioners and Staff: A. Coordinator Parrish announced that a Commission Appreciation Dinner will take place at approximately 6:00 p.m., March 2nd at the Mounds View Community Center. More details will follow. B. Coordinator Parrish announced that the City has received several inquiries from the Minnesota Office of the State Auditor regarding the use of tax increment finance. Additional information will be disseminated as it becomes available. 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:43 a.m. Respectfully Submitted, Aaron Parrish Economic Development Coordinator N:\DATA\GROUPSWCONDE V\EDC\MINUTES\MIN00\FEBRUARY. DOC 2