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'I- ,-ARZEN HILLS CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA RESOLUTION NUMBER 2021-014 RESOLUTION REGARDING THE SUPPORT OF A JOB CREATION FUND APPLICATION IN CONNECTION WITH BOSTON SCIENTIFIC CORPORATION WHEREAS, the City of Arden Hills, Minnesota (the "City"), desires to assist Boston Scientific Corporation, a medical manufacturing company, which is proposing to construct a facility in the City; and, WHEREAS,the City of Arden Hills understands that Boston Scientific,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 Arden Hills considered this matter at city council meetings on March 8 and March 15, 2021. NOW,THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS, MINNESOTA, that, after due consideration, the City Council of the City of Arden Hills, Minnesota, hereby adopt the following findings of fact related to the project proposed by Boston Scientific and its application for an award and/or rebate from the Job Creation Fund Program and express their approval. 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. a. Boston Scientific currently employees 37,298 permanent, full-time employees company-wide and 10,169 permanent, full-time employees in the state of Minnesota. The proposed project site currently employees 4,608 permanent, full- time employees. b. The proposed addition to Building 14 will create one-hundred and fifty (150) new jobs for the State of Minnesota and the City of Arden Hills. c. Ninety (90) of the newly created positions will be for production builders. This position will include a total hourly compensation rate,including benefits,of$25.20. Sixty (60) of the newly created position will be for office staff. This position will include a total hourly compensation rate, including benefits, of$53.90. To view the final document, access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage. 203065v1