HomeMy WebLinkAbout13-119 Business Subsidies Policy/� PRjQ\
U M
�I -
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 13 -119
A RESOLUTION ADOPTING AMENDMENTS TO THE
CITY OF PRIOR LAKE BUSINESS SUBSIDIES POLICY AND ADOPTING THE LOCAL BUSINESS
INCENTIVES POLICY
Motion By: Keeney Second By: McGuire
WHEREAS, In 1999, the Minnesota State Legislature adopted the Business Subsidy Act (Minnesota
Statutes, Section 116J.993 -995); and
WHEREAS, The Business Subsidy Act authorizes any statutory or home rule charter city to offer a
business subsidy to a business so long as that subsidy serves a public purpose; and
WHEREAS, The Prior Lake City Council adopted the City of Prior Lake Business Subsidies Policy on
October 18, 2004; and
WHEREAS, The Prior Lake Economic Development Authority (EDA) held a public hearing to review
proposed amendments to the Business Subsidies Policy on July 15, 2013 followed by a
recommendation to approve the proposed amendments; and
WHEREAS, On August 19, 2013 the Prior Lake EDA recommended a new policy addressing
incentives for businesses not subject to the Business Subsidies Policy, referred to as the
Local Business Incentives Policy; and
WHEREAS, The Prior Lake City Council reviewed the proposed amendments to the Business
Subsidies Policy and the Local Business Incentives Policy on August 12, 2013.
NOW THEREFORE, 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 proposed amendments to the City of Prior Lake Business Subsidies Policy and the new Local
Business Incentives Policy are hereby adopted.
PASSED AND ADOPTED THIS 12th DAY OF AUGUST, 2013.
YES NO
Hedberg
X
Hedberg
Keeney
X
Keeney
McGuire
X
McGuire
Morton
X
Morton
Soukup
Absent
Soukup
Frank B yle , ity Manager