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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.12 <br /> Agenda Section Meeting Date Prepared by <br /> Consent November 16, 2015 Amanda Othoudt,EDD <br /> Item Description Reviewed by <br /> Envision Company,LLC Assignment and Cal Portner, City Administrator <br /> Assumption of Tax Abatement and Business Reviewed by <br /> Subsidy Agreement and for Envision 3,LLC. <br /> Action Requested <br /> Approve,by motion, a resolution and supporting documents for the Assignment and Assumption of Tax <br /> Abatement and Business Subsidy Agreement and Lease Agreement for Envision 3, LLC. <br /> Background/Discussion <br /> The attached agreement assigns the rights to Envision 3, LLC from Envision Company,LLC,which is a <br /> single member entity also solely owned by Chris Carlson,being formed for organizational purposes. <br /> The assignment contains consent for the City of Elk River to agree to the organizational changes for <br /> business subsidy and tax abatement purposes. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Envision 3, LLC Assignment and Assumption of Tax Abatement and Business Subsidy <br /> Agreement for Envision Companies,LLC <br /> ■ Resolution Approving Assignment of Abatement Agreement <br /> ■ Transfer Agreement <br /> ■ Vacant Land and Lease Agreement for Envision 3,LLC <br /> POWERED 6T <br /> AR <br />