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Mounds View City Council Regular Meeting March 13, 2000 Page 17 B. Public Hearing (7:10 p.m.) and Consideration of Resolution 5420 Adopting the City's Business Subsidy Policy under Minnesota Statutes, Sections 116J.993 through 116J.995. Acting Mayor Stigney opened the Public Hearing at 8:36 p.m. Economic Development Coordinator Parrish stated in 1999, the Legislature passed the Business Subsidy Act, which requires all communities to adopt a Business Subsidy Policy to guide the development of Business Subsidy Agreements. He explained that if the City does not have a policy developed, they are unable to grant a financial or other incentive for business attraction or attention purposes. Economic Development Coordinator Parrish indicated Business Subsidy Agreements are required to incorporate goals and objectives for any incentive offered in excess of $25,000. He advised that the policy before the Council was generic in nature, however, allows the community maximum flexibility when granting development incentives. He stated the two matters currently before the Council are the public hearing, by which to obtain public input, and the consideration of Resolution 5420, which approves the City's Business Subsidy Policy. There was no public input. • Acting Mayor Stigney closed the Public Hearing at 8:37 p.m. Council Member Marty inquired if the new rules indicate that the City could not provide business assistance as they have in the past, unless this Business Subsidy Policy in effect. Economic Development Coordinator Parrish stated this was correct. Acting Mayor Stigney stated his understanding is that the City must have a policy in order to grant business subsidies, and that the policy will follow the Minnesota Statutes. Economic Development Coordinator Parrish stated this was correct. He indicated the policy has been widely distributed, and it is in conformity with the enabling legislation. MOTION/SECOND: Marty/Thomason. To Waive the Reading and Approve Resolution No. 5420, a Resolution Adopting Business Subsidy Criteria. Ayes - 4 Nays - 0 Motion carried. C. Approval of Agreement for Services with Brimeyer Group for City Administrator Starting March 28, 2000. City Administrator Whiting stated the Council has been provided with a copy of the Brimeyer Group proposal, in the amount of $15,000, plus expenses. He explained that Mr. Brimeyer is currently involved in eleven searches, and may have some time constraints at the onset of this process, however, he is familiar with Mounds View and should be able to make up this time very quickly. He stated if the Council is in agreement, they can formally approve this agreement, as they had indicated at the previous Council Work Session.