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RESOLUTION 95 - <br />A RESOLUTION FOR THE CITY OF ELK RIVER, MINNESOTA <br />A RESOLUTION OF SUPPORT TO THE CENTRAL MINNESOTA <br />INITIATIVE FUND (INTERNET FIVE, INC. PROJECT) <br />WHEREAS, pursuant to the provisions and requirements of the 1987 Rural <br />and Economic Development Act, the local governing unit ( "The <br />City of Elk River ") is required to issue a Sponsoring Resolution <br />on behalf of businesses requesting financing through the <br />Central Minnesota Initiative Fund's partnership with the <br />State of Minnesota's Challenge Grant Program; and, <br />WHEREAS, the City of Elk River has received a request to issue a <br />resolution on behalf of Internet Five, Inc.; and, <br />WHEREAS, it is consistent with the purpose of the City of Elk River to <br />encourage employment, enhance the tax base, and create more <br />opportunity for its residents. <br />NOW, THEREFORE, BE IT RESOLVED that the City of Elk River <br />supports the project submitted by Internet Five, Inc., to the Central <br />Minnesota Initiative Fund's partnership with the State of Minnesota's <br />Challenge Grant Program. <br />Passed and adopted by the City Council of the City of Elk River, Minnesota <br />this 4th day of December, 1995. <br />Henry A. Duitsman, Mayor <br />ATTEST: <br />Sandra A. Thackeray, City Clerk <br />Minutes of the meeting of the City of Elk River adopting this resolution are attached hereto <br />and made a part hereof. <br />