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<br />Agreement by the appropriate officer or officers of the City shall be conclusive evidence of the <br />approval of the Agreement in accordance with the terms hereof. <br /> <br />3. In accordance with the provisions of Minnesota Statutes, Sections 116J.993 to <br />I 16J.995 (the "Business Subsidies Act"), the City has determined that the public purpose of the <br />Project is to encourage the redevelopment of an area of the City which is already built up, to help <br />prevent the emergence of blight, to provide employment opportunities, to improve the tax base <br />and to encourage the construction of adjacent housing facilities in the City. After holding a <br />public hearing November 1, 2004, the City has determined that creation and retention of jobs is <br />not a goal of the Business Subsidy for this project and consequently hereby sets the wage and job <br />goals for the Project at zero as set forth in the Agreement. <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by member <br />Dietz and, after full discussion thereof, and upon a vote being taken thereof, the <br />following voted in favor thereof: <br /> <br />Mayor Klinzing, Councilmembers Dietz, Kuester, Motin, and Tveite <br /> <br />and the following voted against same: <br />None <br /> <br />Adopted this 6th day of December, 2004. <br /> <br />~w~ <br /> <br />Ma r <br /> <br />Art~t ?iF ~ <br />C Y lerk <br /> <br />1713762vl <br /> <br />2 <br />