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M:\MasterFiles\1999 thru 2010\2000\EDA\EDA Packets\03-13-00\Item No. 05D--Business Subsidy Policy Adoption--Aaron Parrish.doc <br />Item No. 5D <br />Staff Report No. <br />Meeting Date: 3-13-00 <br />Type of Business: EDA <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business <br /> <br />City of Mounds View Staff Report <br />To: EDA President and Commissioners <br />From: Aaron Parrish, Economic Development Coordinator <br />Item Title/Subject: Consideration of Resolution No. 00-EDA124 Adopting the City’s <br />Business Subsidy Policy <br />Date of Report: January 13, 2000 <br /> <br />Background: <br /> <br />Last year the Minnesota Legislature and Governor passed the “1999 Business Subsidies Law” <br />(Minnesota Statutes § 116J.993 through §116J.995). As a result, communities are required to <br />develop and adopt a business subsidy policy for all subsidies granted after August 1st, 1999. <br /> <br />The policy recommended by the EDC was reviewed at the March 6th Work Session. A public <br />hearing is set for the March 13th Council Meeting. In accordance with the legislation, it is <br />necessary for both the City Council and the EDA to adopt a policy. <br /> <br />Recommendation: <br /> <br />Consider adoption of the City’s Business Subsidy Policy <br /> <br /> <br />____________________________ <br />Aaron Parrish <br />Economic Development Coordinator <br />