HomeMy WebLinkAboutEDA_Res_03_Signed_10-17-2016EXTI�CT OF 1VIINUTES OF MEETING
OF THE
ROSEVILL� ��OlVOIVIIC Ii�V�LOPM�NT AUTI30]f�I'I'Y
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Pursuant to due call and zlotice thereof, a meeting of the Roseville Economic
Development Authority, County of Ramsey, Minnesota, was duly called and held at the
City Hall oz� Monday, the 17t�' day of October, 2016, at 6:00 p.m.
The following members were present: McGehee, Willmus, Laliberte, Rae
and the following were absent: Etten
Commissioner Willmus introduced the following resohition and moved its
adoption;
RESOLUT'TOl�i l�To. 3
Resolutian Approvzng I3u�iness Subsidy 1'olicy
WHEREAS, before awarding any "business subsidy" �s defi�ied in Minnesota Stat�rtes,
Section 116J.993 to 116J,995, as amended (tlse "Blrsiness Subsidy Act"), any goven�nental
grantor of such busiiiess sul�sidies is required to adopt criteria reg�rding such subsidies after
Izolding a public hearing; and
WHEREAS, the Roseville Economic Development Authority (the `BDA"), as � grantor
tinder the Business Subsidy Act, has detei-�nined to approve a Plrblic Financing Criteria and
Busi�less Subsidy Policy (the "Policy") in accordance with reqtiirements of the Business
Subsidy Act; and
WHEREAS, the Board of Commissioners (tl�a "Board") of the ED�1 has reviewed th�
Policy on file in City Hall, and has on tl�e date hereof held a dtily noticed public hearing, at
wl�ich all interested persans were given an opportlulity to be heard.
NOW, TH�R�FORE, BE IT RES�LVED, by the Board of Commissioners of the
Roseville Economic Development Authority as follows:
1. The recitals set forth in this Resohrtion are incoi-��orated ii�to and made a paa-t
of this Resohition.
2. The Board approves tlie Policy in substantially the forin on file in City Ha11,
subject to modifications tliat do not �lter t11e substance of the Policy and that are approved
by the President and Executive Director of the Authority.
3. Authority staff are authorized to transmit a copy of the Policy to the
Minnesota Department of Employinent and Economic Development in accordance with the
Business Subsidy Act.
The motion for the adoption of the foregoing resolution was duly seconded by Member
McGehee, and upon a vote being talceia thereon, the following voted in favor thexeof:
McGehee, Willmus, Lalibeite, Roe
and the following voted against the same: none.
WHEREUPON said resolution was declared dltly passed ai�.d adopted.
Certificate
I, the undersigned, being duly appointed Eaecutive Director of the Roseville
Economic Development Authority, Miiulesota, hereby certify that I have carefiilly
compared the attached and foregoing resolLition with the original thereof on file in my
office and further certify that the saine is a fiill, true, and complete copy of a resolution
which was duly adopted by the Board of Commissioners of said Atrthority at a duly
called and regularly held meeting thereof on October 17, 2016.
I further certify that Comnzissioner Willmus introduced said resolLrtion and movecl
its adoption, which motion was duly seconded by Commissioner McGeliee, and that u�on
roll call vote being talcen thei-eon, the following Commissionet•s voted in favor thereof:
McGehee, Willinus, Laliberte, Roe
and the following voted against the same: None
whereupon said resolution was declar�ed duly passed and adopted.
Witness iny hand as the Exectirtive Director of the Authority this 17`�' day of
October, 2016.
Executive Director
Roseville Economic Developrnent
Authority