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City of Mounds View Staff Report <br />August 29, 2018 <br />Page 2 <br />M:\MasterFiles\1999 thru 2010\2000\City Council\Work Session Packets\03-06-00\Item No. 04 -- Business Subsidy Policy-- <br />Aaron Parrish.doc <br />assistance oriented toward pollution/contamination clean up. <br /> <br />In addition, all “Business Subsidy Agreements” must include job and wage goals with specific goals <br />to be attained within two years of the benefit date. However, the law does not specify minimum <br />criteria for these goals. On an annual basis, the Department of Trade and Economic Development <br />will require all municipalities and development organizations to submit a “Minnesota Business <br />Assistance Form” to monitor compliance with the legislation. <br /> <br />The EDC has considered and is recommending a policy. The recommended policy has been <br />included for your review on the proceeding page. As a requirement of the legislation, a public <br />hearing will be held by both the EDA and the City Council at 7:10 p.m. on March 13th, 2000. <br /> <br />Action Required: <br /> <br />No action is required. Information is provided for the March 13th, 2000 Public Hearing. <br /> <br /> <br /> <br />____________________________ <br />Aaron Parrish <br />Economic Development Coordinator <br />