HomeMy WebLinkAbout90-49
HERITAGE
1891
COMMUNITY
1991
15JsrJ%
20J1
RESOLUTION 90-49
A RESOLUTION INDICATING THE CITY OF PRIOR LAKE'S DESIRE TO
INVESTIGATE THE FORMATION OF A SCOTT COUNTY ECONOMIC DEVELOPMENT
COALITION AND REQUESTING SCOTT COUNTY'S SUPPORT GRANTING APPROVAL
TO ALLOW THE TWIN CITIES METRO DEVELOPMENT COMPANY TO PROCESS
SBA 503/504 LOAN PROGRAMS IN SCOTT COUNTY
MOTIONED BY
FITZGERALD
SECONDED BY
WHITE
WHEREAS, there are a limited number of tools available to attract
qualified commercial and industrial prospects to our
community; and
WHEREAS, the Prior Lake City Council recognizes that small
businesses play a si~nificant role in contributing to
the economic well belng of a community; and
WHEREAS, the City of Prior Lake recognizes the fact that economic
development activity in areas outside of the city limits
of the City of Prior Lake and within Scott County will
have a spinoff positive impact on our community; and
WHEREAS, it would be mutually beneficial for the communities in
Scott County to work to~ether to promote the Scott
County area as an attractlve area to do business; and
WHEREAS, recent state cutbacks in funding prevent the City of
Prior Lake from obtaining sufficient staff resources to
process and package small business administration loans
for interested businesses; and
WHEREAS, the Twin cities Metro Development Company has been
certified by the State of Minnesota to process SBA
503/504 loan programs; and
WHEREAS,
it is necessary for the Scott County
the approval for the Twin cities
Company to process SBA 503/504 loan
Lake;
Board to authorize
Metro Development
programs in Prior
NOW THEREFORE BE IT RESOLVED BY
PRIOR LAKE, MINNESOTA, that
continue to investigate the
Development Coalition who's
development in Scott County.
THE MAYOR AND CITY COUNCIL OF
the City of Prior Lake intends to
formation of a Scott County
purpose will be to foster economic
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
BE IT FURTHER BE RESOLVED, that the Prior Lake City Council
hereby requests the Scott County Board to grant approval to allow
the Twin Cities Metro Development Company to process SBA 503/504
loan programs in Scott County.
Passed and adopted this 4th
YES
day of September, 1990.
NO
Andren
Fitzgerald
Larson
Scott
White
x
X-
X-
X-
X-
Andren
Fitzgerald
Larson
Scott
White
{Seal}