99-8790r
47
RESOLUTION NO. 8790
RESOLUTION AUTHORIZING THE ADOPTION OF CRITERIA FOR PROVIDING
BUSINESS SUBSIDIES
WHEREAS, the City of Richfield, Minnesota, (the "City") as part of its operations,
may provide economic assistance to individuals who are engaged in the development
and redevelopment of land within the City; and
WHEREAS, pursuant to legislation enacted this year by the State of Minnesota,
("Business Subsidy Act"), the City Council is required to adopt criteria for awarding
business subsidies prior to granting such assistance; and
WHEREAS, the Business Subsidy Act further provides that the adoption of
criteria must be preceded by a public hearing on the matter.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. A public hearing on the adoption of business subsidy criteria will be held
before the City Council on November 22, 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 criteria 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 City Council of the City of Richfield, Minnesota this 25th day of
October, 1999. . ~ ( ..
/1ldi )
---- .
Martin J. Ki sch ayor
ATTEST:
'llj,~/J-d f? Cj~
Thomas P. Ferber, City Clerk -