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RESOLUTION NO. 8967
RESOLUTION APPROVING THE BUSINESS SUBSIDY AGREEMENT BETWEEN
THE RICHFIELD HOUSING AND REDEVELOPMENT AUTHROTIY IN AND FOR THE
CITY OF RICHFIELD AND CSM INVESTORS II.
WHEREAS, a public hearing on the approval of a business subsidy agreement
with CSM Investors II has been held before the Richfield Housing and Redevelopment
Authority (HRA) on November 27,2000, at 5:00 p.m. at the Richfield City Hall located at
6700 Portland Avenue South, Richfield, Minnesota after proper notice; and
WHEREAS, the HRA approved the business subsidy agreement; and
WHEREAS, the Business Subsidy Act provides that City Council approve such
as agreement.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
A business subsidy agreement in the amount of be $1,925,000 to be used for land
write-down is approved.
Adopted by the City Council for the City of Richfield, Minnesota this 11th day of
December 2000.
~~
Martin J. Ki , ayor
ATTEST:
Deborah J. Gui er, Deputy City Clerk