Resolution - #19-031 - 01/22/2019

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Councilmember Kuzma introduced the following resolution and moved for its adoption: RESOLUTION #19-031 RESOLUTION REGARDING THE SUPPORT OF A JOB CREATION FUND APPLICATION IN CONNECTION WITH VISION EASE, LP WHEREAS, the City of Ramsey, Minnesota (the "City"), desires to assist Vision Ease, LP a limited partnership, manufacturing company, which is proposing to renovate and invest into a facility in the City; and, WHEREAS, the City of Ramsey understands that Vision Ease, LP, through and with the support of the City, intends to submit to the Minnesota Department of Employment and Economic Development an application for an award and/or rebate from the Job Creation Fund Program; and, WHEREAS, the City of Ramsey held a City Council meeting on January 22, 2019, to consider this matter. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) The City Council hereby finds and adopts the reasons and facts supporting the following findings of fact for the approval of the Job Creation Fund Program application: 1. Finding that the project is in the public interest because it will encourage the growth of commerce and industry, prevent the movement of current or future operations to locations outside Minnesota, result in increased employment in Minnesota, and preserve or enhance the state and local tax base Hoya has access to over 30 labs across the U.S. which were a part of a nationwide analysis as part of our investment expansion which considers location, building sites, workforce, sales data, taxes and state incentives offered. A handful of locations outside the State of Minnesota including Charlotte, North Carolina, Dallas, Texas , Memphis, Tennessee and the City of Ramsey, Minnesota were finalists for this investment. Without the provision or availability of workforce, training opportunities, sales potential, exempt business personal property and financial incentives, the investment involved in this project would likely occur outside of the State of Minnesota. Vision Ease, LP (Hoya) currently has a large facility in Ramsey that could be renovated and repurposed for this large investment. Hoya would like to invest in its Ramsey, Minnesota location but it must make sense financially. The proposed assistance from the Job Creation Fund is an important factor in the decision to make the 25.9M investment in the Ramsey, Minnesota location.