1999 HRA Resolution 0739
HRA RESOLUTION NO. 739
RESOLUTION AUTHORIZING THE ADOPTION OF BUSINESS SUBSIDY
AGREEMENT WITH RICHFIELD STATE AGENCY, INC.
WHEREAS,
the Housing and Redevelopment Authority (HRA) in and for the City
of Richfield, Minnesota, as part of its operations, provides economic assistance to
individuals who are engaged in the development and redevelopment of land within the
HRA’s area of operation; and
WHEREAS,
pursuant to legislation enacted this year by the State of Minnesota,
(“Business Subsidy Act”), the HRA is required to enter into an agreement with any
recipient of a business subsidy conforming to the requirements of the Business Subsidy
Act prior to granting such assistance; and
WHEREAS,
the Business Subsidy Act further provides that the approval of such
an agreement must be preceded by a public hearing on the matter in situations where
the subsidy exceeds $100,000; and
WHEREAS,
Richfield State Agency, Inc. (“RSA”) has requested that the HRA
provide it with a business subsidy of approximately $107,900, to be used in connection
with certain utility work required in connection with RSA’s Urban Village development.
NOW THEREFORE, BE IT RESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota as follows:
1. A public hearing on the approval of a business subsidy agreement with RSA
will be held before the HRA on November 15, 1999 at 7:00 p.m. in the City Council
Chambers at the Richfield City Hall located at 6700 Portland Ave South, Richfield,
Minnesota.
2. Copies of the proposed business subsidy agreement will be available for
public inspection on and after November 1, 1999 at the Richfield City Hall during normal
business hours. [Copies will also be posted on the Richfield Web page
www.ci.richfield.mn.us on and after that date.]
3. The City Clerk is directed to publish notice of the hearing once in the official
newspaper of the City not more than 30 days and not less that ten days prior to the
hearing date.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 18th day of October, 1999.
________________________
Thomas E. Harms, Chair
ATTEST:
_________________________
Michael Sandahl, Secretary