HomeMy WebLinkAbout13-076 Business Subsidies Policy Amendment
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 13-076
A RESOLUTION DIRECTING THE ECONOMIC DEVELOPMENT AUTHORITY (EDA) TO HOLD A
PUBLIC HEARING ON AMENDING THE BUSINESS SUBSIDIES POLICY
Motion By: McGuire Second By: Soukup
WHEREAS, Minnesota Statutes 116J.993-995 define and regulate local and state business
subsidies; and
WHEREAS, The City of Prior Lake most recently adopted its Business Subsidies Policy on October
18, 2004; and
WHEREAS, The Prior Lake Economic Development Authority (EDA) has reviewed and proposed
amendments to the Business Subsidies Policy to be more in compliance with Minnesota
Statutes, as amended; and
WHEREAS, A public hearing is required to be held prior to the City Council’s final consideration of the
Business Subsidies Policy amendments.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The EDA is hereby directed to hold a public hearing on proposed amendments to the Business
Subsidies Policy before the City Council takes action to amend this policy.
PASSED AND ADOPTED THIS 24 DAY OF JUNE, 2013.
th
YES NO
Hedberg X Hedberg
Keeney X Keeney
McGuire X McGuire
Morton X Morton
Soukup X Soukup
______________________________
Frank Boyles, City Manager