HomeMy WebLinkAboutResolution 00-EDA124
.
.
.
RESOLUTION NO. OO-EDA-124
MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION ADOPTING BUSINESS SUBSIDY CRITERIA
WHEREAS, Minnesota Statutes, Sections 116J.993 through 1161.995 (the "Statutes") require the
adoption of criteria for the granting of business subsidies as defined in the Statutes; and,
WHEREAS, the Mounds View Economic Development Authority has determined that it is necessary and
appropriate to adopt business subsidy criteria pursuant to the Statutes; and,
WHEREAS, the Economic Development Authority has performed all the actions required by law to be
performed prior to the adoption and the approval of the proposed business subsidies, including the
holding of a public hearing upon published notice as required by law on March 13th, 2000.
NOW, THEREFORE, BE IT RESOL VED, by the Mound View Economic Development Authority,
Mounds View Minnesota, that the business subsidy criteria, contained in Exhibit A of this resolution are
hereby approved, ratified, established, and adopted and shall be placed on file at City Hall.
The motion for adoption of the foregoing resolution was introduced by Commissioner Marty seconded
by Commissioner Thomason, and upon a vote being taken thereon, the following voted in favor thereof:
Commissioners Marty, Thomason, Quick, and Stigney
WHEREUPON said resolution was declared duly passed and adopted this 13th Day of March
/,/ " ~-\ /" //
./ A /, " /" ':
-. ,': /1 !
/ /\. ~ 11 ~ r { / 0- (.f "7 :. \. ,A \
I D~n Cougblifi/ 'r~Lgent) .
\,. 7 /,: \~./ ~
. .~~
. ?
Michael Ulrich, Acting Executive Director
A TrEST:
N:\DA TA \GROll PS\ECONDI ~ V\ED^ \Rcsol utions\Rcs OO\RcsOO-124. doc
.
.
.
.
Exhibit A: Mounds View's Business Subsidy Policy
This Policy is adopted for purposes of the business subsidies act (the "Act"), which is
Minnesota Statutes, Sections 1161.993 through 116J.995. Terms used in this Policy are intended
to have the same meanings as used in the Act, and this Policy shall apply only with respect to
subsidies granted under the Act if and to the extent required thereby.
While it is recognized that the creation of good paying jobs is a desirable goal which
benefits the community, it must also be recognized that not all projects assisted with subsidies
derive their public purposes and importance solely by virtue of job creation. In addition, the
imposition of high job creation requirements and high wage levels may be unrealistic and
counter-productive in the face of larger economic forces and the financial and competitive
circumstances of an individual business.
With respect to subsidies, the determination of the number of jobs to be created and the
wage levels thereof shall be guided by the following principles and criteria:
Each project shall be evaluated on a case by case basis, recognizing its
importance and benefit to the community from all perspectives, including created
or retained employment positions.
If a particular project does not involve the creation of jobs, but is
nonetheless found to be worthy of support and subsidy, it may be approved
without any specific job or wage goals, as may be permitted by applicable law.
In cases where the objective is the retention of existing jobs, the recipient
of the subsidy shall be required to provide reasonably demonstrable evidence that
the loss of those jobs is imminent.
The setting of wage and job goals must be sensitive to prevailing wage
rates, local economic conditions, external economic forces over which neither the
grantor nor the recipient of the subsidy has control, the individual financial
resources of the recipient and the competitive environment in which the
recipient's business exists.
Because it is not possible to anticipate every type of project which may in
its context and time present desirable community building or preservation goals
and objectives, the governing body must retain the right in its discretion to
approve projects and subsidies which may vary from the principles and criteria of
this Policy.
Adopted by: Mounds View Economic Development Authority
Date of adoption: March 13th, 2000
Date of public hearing: March 13th, 2000
N:\DA T ^ \GROUPS\ECONDEV\EDA \Rcsolutions\Rcs OO\R~sOO-124.doc