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02-848r I I I 22 HRA RESOLUTION NO. 848 RESOLUTION CALLING FOR A PUBLIC HEARING BY THE RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY ON 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 Richfield Housing and Redevelopment Authority (the "HRA") fits the definition of "grantor" in the Statute; and WHEREAS, the HRA adopted a set of criteria for awarding business subsidies on November 15, 1999. NOW, THEREFORE, BE IT RESOLVED by the Richfield Housing and Redevelopment Authority, as follows: Section 1. Public Hearina. The HRA shall meet on May 20, 2002, at approximately 7:00 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 Hearina. 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 May 20, 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. Approved by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 15th day of April, 2002. Thomas E. Hams, Chair A TIEST: