HomeMy WebLinkAboutCC RES 95-038 RESOLUTION ESTABLISHING GUIDELINES FOR PROVIDING MONETARY ASSISTANCE FOR DEVELOPMENT AND REDEVELOPMENT PROJECTS Meeting Sheet
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103369
Box: 26
Folder: RES 1995
Document: CC RES 95-038 RESOLUTION ESTABLISHING GUIDELINES
FOR PROVIDING MONETARY ASSISTANCE FOR DEVELOPMENT AND
REDEVELOPMENT PROJECTS
CITY OF ST. ANTHONY
RESOLUTION 95-038
A RESOLUTION ESTABLISHING GUIDELINES FOR PROVIDING
MONETARY ASSISTANCE FOR DEVELOPMENT AND
REDEVELOPMENT PROJECTS
WHEREAS, the City Council wishes to establish guidelines for providing assistance for
development and redevelopment projects within the City of St. Anthony; and
WHEREAS, the City Council declares as part of said guideline that for each $100,000 in
new or retained value, assistance in the amount of$10,000 may be provided by
the City; and
WHEREAS, the City Council declares and includes in said guideline that for each full time
job created by the proposed project, assistance in the amount of$5,000 may be
provided.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of St. Anthony
• hereby approves of said guidelines as set forth above in this resolution; and
BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony may, under
certain circumstances, wish to vary from these guidelines when the overall betterment of the
City is to be improved; and
BE IT FURTHER RESOLVED, that the City Council of the City of St. Anthony has the sole
discretion as to providing the amount of assistance and if any monetary assistance is to be
provided for each individual development or redevelopment project in the City of St. Anthony.
Adopted this 10� day of , 1995.
Mayor
ATTEST: &-,t-ku'4-J , �-
City Clerk
.; Reviewed for administration:
Citynager