101623 Resolution 1465HOUSING AND REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF RICHFIELD, MINNESOTA
RESOLUTIO NO. 1465
RESOLUTION APPROVING AMENDED AND RESTATED BUSINESS SUBSIDY POLICY
BE IT RESOLVED by the Board of Commissioners (the “Board”) of the Housing and
Redevelopment Authority in and for the City of Richfield, Minnesota (the “Authority”) as follows:
Section 1. Recitals.
1.01. The Authority was created pursuant to Minnesota Statutes, Sections 469.001
through 469.047, as amended, and was authorized to transact business and exercise its powers
by a resolution of the City Council of the City of Richfield, Minnesota (the “City”).
1.02. Before awarding any “business subsidy” as defined in Minnesota Statutes,
Sections 116J.993 to 116J.995, as amended (the “Business Subsidy Act”), the Authority is required
to adopt criteria regarding such subsidies after holding a public hearing.
1.03. The staff of the City, the Authority, and the Richfield Economic Development
Authority have reviewed the existing business subsidy policy and have amended and restated the
Business Subsidy Policy.
1.04. The Board has reviewed the Amended and Restated Business Subsidy Policy on
file at the Municipal Center. On September 12, 2023, the City Council, on behalf of the City, the
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 Board approves the Amended and Restated Business Subsidy Policy on file at
the Municipal Center, which criteria supersede any prior business subsidy policy or criteria adopted
by the Authority.
2.02. Authority 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.
Adopted by the Board of Commissioners of the Housing and Redevelopment Authority in
and for the City of Richfield, Minnesota this 16ᵗʰ day of October, 2023.
Erin Vrieze Daniels, Chair
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ATTEST:
Sean Hayford Oleary, Secretary
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