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Councilman Cox introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #82-74 <br /> <br />RESOLUTION AUTHORIZING THE CREATING OF A LOCAL DEVELOPMENT CORPORATION <br /> <br /> WHEREAS, the Minnesota State Statutes provide for Minnesota communities <br />to create a non-profit local development corporation to be used in developing a <br />community's economic base; and <br /> <br /> WHEREAS, the business community in the City of Ramsey has requested <br />that the City take the initiative in creating a non-profit local development corpora- <br />tion. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, <br />STATE OF MINNESOTA, as follows: <br /> <br /> 1) The City Council hereby approves of creating a non-profit local <br />development corporation as provided by Minnesota State Statutes. <br /> <br /> 2) It is further directed that the City Staff prepare a necessary <br />documents to establish a local development corporation. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilman <br />Sorteberg and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec, Councilmembers Cox, Sorteberg, Van Wagner and Reimann <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City <br />Council this the 25th day of May, 1982. <br /> <br />Mayor <br /> <br />~'~/'~/~A~min~ratOr/Clerk//// ~ _ __ ...... <br /> / <br /> <br /> <br />