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02-9170r I I I 102 RESOLUTION NO. 9170 RESOLUTION AUTHORIZING A PUBLIC HEARING BY THE CITY COUNCILON THE PROPOSED MODIFICATION OF POLICIES AND CRITERIA FOR AWARDING BUSINESS SUBSIDIES WHEREAS, the State Legislature has adopted Minnesota Statutes, Sections 116J.993 to 116J.994 (the "Statute") governing business subsidies granted by cities; and WHEREAS, the City of Richfield (the "City") fits the definition of "grantor" in the Statute; and WHEREAS, the City adopted a set of criteria for awarding business subsidies on November 22, 1999. NOW, THEREFORE, BE IT RESOLVED by the City of Richfield City Council, Minnesota, as follows: Section 1. Public HearinQ. The City Council shall meet on June 10, 2002, at approximately 6:30 P.M., to hold a public hearing on the proposed modification of criteria for awarding business subsidies in accordance with the Statute; and Section 2. Notice of Public HearinQ. City staff is authorized and directed to work with Ehlers & Associates, Inc., to prepare modification to the criteria. The Community Development Director is authorized and directed to cause notice of the hearing to be published at least once in the official newspaper of the City not later than 10 days prior to June 10, 2002, and to place a copy of the proposed modification to the criteria on file in the Community Development Director's office at City Hall and to make such copy available for inspection by the public. Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of April, 2002. U 7??~~ Martin J. Kirs ,Mayor ATTEST: ~~~ Nancy Gibbs, ~y Clerk