2013-01-23 CC Packet - Laserfiche WebLink

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shall be required to provide the City with information necessary to complete the reports required by Section 116J.994, Subdivision 8(b) of the Act. 3. Job and Wage Requirements. A. Except where the purpose of the Subsidy is employment retention, or where the City Council has determined that the Job and Wage Requirements do not apply and are, therefore, zero, each Development Agreement and /or Subsidy Agreement shall require the Recipient to create a specified number of Qualified Jobs on or before the Achievement Date. B. In the case of a Subsidy granted by the City (i) within an Economic Development District established before or after the applicable Effective Date or (ii) not within a Tax Increment District, but granted in connection with other than a Redevelopment Activity, the Recipient shall be required to create one Qualified Job for each $50,000.00 of present value Subsidy. C. If the City Council chooses to deviate from the Job and Wage Requirements established herein, the resolution approving the Subsidy shall state the reasons for such deviation and the City shall provide a copy of such resolution to the Minnesota Department of Employment and Economic Development when filing its next annual report. 4. Enforcement of Policy Requirements A. A person with residence in or an owner of taxable property located in the City may bring an action for equitable relief arising out of the failure of the City to comply with the Act. B. Prior to bringing an action, the party must file a written complaint with the City stating the alleged violation and proposing a remedy. The City has up to 30 days to reply to the complaint in writing and may take action to comply with the Act. C. The written complaint under this Section 4 for failure to comply with Section 116J.994, subdivisions 1 to 5 of the Act must be filed with the City within 180 days after approval of the Development Agreement or Subsidy Agreement. An action under this Section 4 must be commenced within 30 days following receipt of the City's reply pursuant to Section 413 hereof or within 180 days after approval of the Development Agreement or Subsidy Agreement, whichever is later. 5. Reporting. Within 1 year of the granting of a Subsidy, including a Special Category Subsidy, City Staff shall file the report required by Section 116J.994, subdivision 8. 5 - Business Subsidy Policy ver 2013- 01- 04.docx 19