09-26 Resolution No. 12129CITY OF RICHFIELD, MINNESOTA
RESOLUTION NO. _________
RESOLUTION APPROVING AMENDED AND RESTATED BUSINESS SUBSIDY POLICY
BE IT RESOLVED by the City Council (the “Council”) of the City of Richfield, Minnesota
(the “City”) as follows:
Section 1. Recitals.
1.01. Before awarding any “business subsidy” as defined in Minnesota Statutes,
Sections 116J.993 to 116J.995, as amended (the “Business Subsidy Act”), the City is required to
adopt criteria regarding such subsidies after holding a public hearing.
1.02. The staff of the City, the Richfield Economic Development Authority, and the
Housing and Redevelopment Authority in and for the City of Richfield, Minnesota have reviewed
the existing business subsidy policy and have amended and restated the Business Subsidy Policy.
1.03. The Council has reviewed the Amended and Restated Business Subsidy Policy on
file at the Municipal Center. On September 12, 2023, the Council, on behalf of the City, the
Housing and Redevelopment Authority, and the Economic Development Authority, held a duly
noticed public hearing, at which all interested persons were given an opportunity to be heard.
Section 2. Business Subsidy Policy Approved.
2.01. The Council approves the Amended and Restated Business Subsidy Policy on file
in Municipal Center, which criteria supersede any prior business subsidy policy or criteria adopted
by the City.
2.02. City staff is authorized to transmit a copy of the Amended and Restated Business
Subsidy Policy to the Minnesota Department of Employment and Economic Development in
accordance with the Business Subsidy Act.
Approved by the City Council of the City of Richfield, Minnesota this 26th day of
September, 2023.
Mary B Supple, Mayor
ATTEST:
Dustin Leslie, City Clerk
RC125-1 (JAE)
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