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RESOLUTION 1999-16 <br />A RESOLUTION ADOPTING BUSINESS SUBSIDY CRITERIA <br />WHEREAS, Minnesota Statutes, Sections 1167.993 through 1167.995 (the <br />"Statutes") require the adoption of criteria for the granting of business subsidies as defined <br />in the Statutes; and, <br />WHEREAS, the City of Hugo (the "City') has determined that it is necessary and <br />appropriate to adopt business subsidy criteria pursuant to the Statutes; and, <br />WHEREAS, the City has performed all actions required by law to be performed <br />prior to the adoption and approval of the proposed business subsidies, including the <br />holding of a public hearing upon published notice as required by law on October 4, 1999. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council (the "Council") of the City <br />of Hugo, Minnesota, that the business subsidy criteria, contained in Exhibit A of this <br />resolution are hereby approved, ratified, established, and adopted, and shall be placed on <br />file at the City. <br />Dated: October 4, 1999 <br />i <br />� .. /um <br />M-4 <br />ATTEST: <br />Mary Creager, City C1961 <br />