1999 HRA Resolution 0741
HRA RESOLUTION NO. 741
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 $97,900, to be used for certain utility
work required in connection with RSA’s Urban Village development; and
WHEREAS
, the HRA has evaluated the request based on Business Subsidy
Criteria established by the HRA and ordered a public hearing concerning the matter.
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
has been 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 Avenue
South, Richfield, Minnesota.
2.A business subsidy agreement in the amount of $97,900 is approved.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 15th day of November, 1999.
________________________
Thomas E. Harms, Chair
ATTEST:
_________________________
Michael Sandahl, Secretary