HomeMy WebLinkAbout2008-058
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 2008-058
RESOLUTION APPROVING BUSINESS SUBSIDY CRITERIA
BE IT RESOLVED By the City Council ("Council") of the City of Arden Hi11s ("City") as
follows:
Section 1. Recitals.
1.01. Before .awarding any "business subsidy" as defined in Minnesota Statutes, Section
116J.993 to 1161.995 (the "Business Subsidy Act"), the City is required to adopt criteria regarding
such subsidies after holding a public hearing.
1.02. The Council previously adopted a documeut titled Public Financing Policy (the
"Prior Policy") which related specifically to redevelopment of the Twin Cities Army Ammunition
Plant ("TCAAP") site and did not address other potential business subsidies in the City.
1.03. The Council has determined to adopt a uniform set of business subsidy criteria
applicable to all applicants for public financial assistance in the City.
1.04. To that eud, the Council has reviewed a document titled City of Ardeu Hills
Business Criteria (the "Subsidy Criteria") on file in City Hall, and has on this date held a duly
noticed public hearing at which all interested persons were giveu an opportunity to be heard.
Section 2. Subsidv Criteria Approved.
2.01. The Council approves the Subsidy Criteria on file in City Hall, and expressly finds
that the Subsidy Criteria supersedes the Prior Policy in all respects.
2.02. City staff are authorized to transmit a copy of the Subsidy Criteria to the Minnesota
Department of Employment and Economic Development in accordance with the Business Subsidy
Act.
RESOLUTION NO. 2008-058
Approved by the City Council of the City of Arden Hills . 8th day of Dece