Laserfiche WebLink
Council member introduced the following resolution <br />and moved for its adoption: <br />RESOLUTION NO. 09 <br />RESOLUTION ADOPTING A.POLICY AND CRITERIA <br />FOR GRANTING BUSINESS SUBSIDIES <br />WHEREAS, the Ramsey City Council previously approved a Business Subsidy Policy on <br />September 28, 1999; <br />WHEREAS, Business Subsidy Law under Minnesota Statutes, Sections 116J.993 through <br />116J.995 has been amended by the State of Minnesota in 2008. <br />WHEREAS, The Ramsey Economic Development Authority adopted the attached <br />Business Subsidy Policy on November 13, 2008. <br />NOW, THEREFORE, be it resolved by the City Council (the "Council ") of the City of <br />Ramsey, Minnesota (the "City "), as follows: <br />(1) Hearing. On January 13, 2009, the Council held a public hearing on the question <br />of the adoption of a revised Business Subsidy Policy (the "Policy "), and said hearing was <br />preceded by published notice thereof on January 2, 2009. <br />(2) Adoption of the Business Subsidy Policy and Criteria; Filing. The Business <br />Subsidy Policy, Tax Increment Policy and Tax Abatement Policy attached hereto as Exhibit A is <br />hereby adopted. The City Economic Development Coordinator is hereby authorized and directed <br />to submit a copy of the Policy with the Department of Employment and Economic Development, <br />along with the next annual report in accordance with Minnesota Statutes, Section 116J.994, <br />Subdivision 2. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />