HomeMy WebLinkAboutResolution 5420
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RESOLUTION NO. 5420
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION ADOPTING BUSINESS SUBSIDY CRITERIA
WHEREAS, Minnesota Statutes, Sections 116J.993 through 116J.995 (the "Statutes") require
the adoption of criteria for the granting of business subsidies as defined in the Statutes; and,
WHEREAS, the City of Mounds View City Council has determined that it is necessary and
appropriate to adopt business subsidy criteria pursuant to the Statutes; and,
WHEREAS, the City of Mounds View 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 RESOLVED, by the City Council of 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 Council Member Marty
seconded by Council Member Thomason, and upon a vote being taken thereon, the following
voted in favor thereof: Marty, Quick, Thomason, Stigney.
WHEREUPON said resolution was declared duly passed and adopted this 13th Day of March.
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ic ael Ulrich, Acting City Clerk/Administrator
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Exhibit A: Mounds View's Business Subsidy Policv
This Policy is adopted for purposes of the business subsidies act (the "Act"), which
is Minnesota Statutes, Sections 116J.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 numberof 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 City Council
Date of adoption: March 13th, 2000
Date of public hearing: March 13th, 2000
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Resolution No. 5420
STATE OF MINNESOTA
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COUNTY OF RAMSEY
I, the undersigned, being the duly qualified City Clerk / Administrator of the City of Mounds View,
County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared the
attached and foregoing extract of the minutes of a regular meeting of said City Council of the
City of Mounds View held on the 10th day of January, 2000 with the original thereof on file in the
office of the City Clerk / Administrator at the Mounds View City Hall.
WITNESljRAND officially as such City Clerk / Administrator this 13th day of March,2000
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M' hael Ulrich, Interim City Clerk/Administrator
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